Author

admin

Browsing

International Business Machines Corporation on Monday announced it will invest $150 billion in the U.S. over the next five years, including more than $30 billion to advance American manufacturing of its mainframe and quantum computers.

“We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities,” IBM CEO Arvind Krishna said in a release.   

The company’s announcement comes weeks after President Donald Trump unveiled a far-reaching and aggressive “reciprocal” tariff policy to boost manufacturing in the U.S. As of late April, Trump has exempted chips, as well as smartphones, computers, and other tech devices and components, from the tariffs.

IBM said its investment will help accelerate America’s role as a global leader in computing and fuel the economy. The company said it operates the “world’s largest fleet of quantum computer systems,” and will continue to build and assemble them in the U.S., according to the release.

IBM competitor Nvidia, the chipmaker that has been the primary benefactor of the artificial intelligence boom, announced a similar push earlier this month to produce its NVIDIA AI supercomputers entirely in the U.S. 

Nvidia plans to produce up to $500 billion of AI infrastructure in the U.S. via its manufacturing partnerships over the next four years.

Last week, IBM reported better-than-expected first-quarter results. The company said it generated $14.54 billion in revenue for the period, above the $14.4 billion expected by analysts. IBM’s net income narrowed to $1.06 billion, or $1.12 per share, from $1.61 billion, or $1.72 per share, in the same quarter a year ago.

IBM’s infrastructure division, which includes mainframe computers, posted $2.89 billion in revenue for the quarter, beating expectations of $2.76 billion.

The company announced a new z17 AI mainframe earlier this month.

CNBC’s Jordan Novet contributed to this report.

This post appeared first on NBC NEWS

Real Estate and Healthcare Swapping Positions in Top 5

The top five sectors show remarkable stability, with Consumer Staples, Utilities, Financials, and Communication Services holding steady in the top four positions. The only change is Real Estate replacing Health Care, a shift that underscores the ongoing defensive tilt in the market. In the bottom half of the ranking, Materials and Consumer Discretionary swapped positions.

  1. (1) Consumer Staples – (XLP)
  2. (2) Utilities – (XLU)
  3. (3) Financials – (XLF)
  4. (4) Communication Services – (XLC)
  5. (6) Real-Estate – (XLRE)*
  6. (5) Healthcare – (XLV)*
  7. (7) Industrials – (XLI)
  8. (9) Materials – (XLB)*
  9. (8) Consumer Discretionary – (XLY)*
  10. (10) Energy – (XLE)
  11. (11) Technology – (XLK)

Weekly RRG

Looking at the weekly Relative Rotation Graph (RRG), we observe ongoing strength in Consumer Staples and Utilities. Both sectors are advancing further into the leading quadrant and continue to gain on the RS ratio axis.

Real Estate is also making a notable move deeper into the leading quadrant. Financials and Communication Services are positioned on the brink of the weakening quadrant. However, they are still sustaining elevated RS ratio levels, which keeps them securely in the top five — at least for now.

Daily RRG

  • Consumer Staples and Utilities: Both reside within the weakening quadrant, but at high RS ratio levels. This combination, along with their strength on the weekly RRG, keeps them well inside the top five.
  • Communication Services: Moved into the lagging quadrant but with a very short tail close to the benchmark. This positioning allows it to remain in the top five — for now.
  • Financials: Similar to Communication Services, close to the benchmark with a slightly longer tail but not showing significant loss of relative strength.
  • Real Estate: Made a significant move, pushing into the leading quadrant on the daily RRG, combining with its strong weekly tail to secure its spot in the top five.

Consumer Staples

The Consumer Staples sector remains range-bound on the weekly chart, causing relative strength to stabilize. With RRG lines at high levels, we might see some consolidation in the coming week — definitely something to keep an eye on.

Financials

Financials are picking up steam again, closing in the upper half of last week’s bar. This price strength is helping the relative strength line remain well within its rising channel. If the sector can maintain this momentum, it’s likely to stay among the top performers.

Utilities

Utilities are trading within their sideways channel, continuing to push relative strength against (or just above) resistance. This strength is keeping the RRG lines above 100. However, imho, we’ll need to see more relative strength in the coming weeks to keep Utilities at the top of the list.

Communication Services

Communication Services had a strong week, closing at the top of its range against former support, now acting as resistance. Based on the price chart, we might expect some resistance and difficulty for the sector to move higher this week. Despite this, the relative strength line remains within its rising channel, albeit losing some relative momentum at high RS ratio levels — not concerning at this time.

Real Estate

Real Estate — the new entrant in the top five — is benefiting from a strong bounce off the $36 low two weeks ago. It’s now starting to push relative strength higher, although not yet extremely strong. The RS momentum line is beginning to roll over while dragging the RS ratio higher.

For now, the combination of daily and weekly relative strength has been enough to displace Health Care and secure Real Estate’s spot in the top five.

Portfolio Performance

The defensive positioning of our portfolio has put a dent in performance relative to the broader market. We’re now trailing the S&P 500 by almost 3%. However, we’ve seen over the past few weeks that these differences can equalize rapidly when the market moves in the direction of the portfolio. So, I’m not too concerned at the moment — it’s all part of the ebb and flow of market dynamics.

#StayAlert and have a great week –Julius


Today, Carl and Erin made a big announcement! They are retiring at the end of June so today was the last free DecisionPoint Trading Room. It has been our pleasure educating you over the years and your participation in the trading room has been fantastic! Be sure and sign up to follow the DecisionPoint Blog on StockCharts.com where we do plan to publish articles periodically. (Subscribers: you will be notified via email as to how your subscription will be handled. Stay tuned.)

After the big announcement, Carl opened the show with the DP Signal Tables to give us a sense as to the market’s overall trend and condition.

Carl then went through his regular market overview that included Bitcoin, Bonds, Yields, Crude Oil, Gold, Gold Miners and the Dollar.

Once finished with the market overview, Carl walked us through the Magnificent Seven in the short and intermediate terms by looking at both the daily and weekly charts.

The pair took questions including a discussion on relative strength using the Silver Cross Index and Golden Cross Index.

Erin took the controls and went through the 26 indexes, sectors and industry groups that have under the hood indicators. She walked us through the CandleGlance and explained her findings along the way.

Questions popped up again with Carl discussing his strategy of using dividend paying stocks in retirement. He mentioned the Dividend Aristocrats and Dividend Kings lists as a great source to find good dividends. Also a shout out to The Bahnsen Group ETF (TBG).

Erin finished by looking at viewer symbol requests.

It has been a great run learning and teaching about technical analysis. Thank you again for your support over the years!

01:10 DP Signal Tables

03:48 Market Overview

16:18 Magnificent Seven

22:53 Questions (Relative Strength with Silver Cross and Golden Cross Indexes)

29:18 Sector Rotation and Market CandleGlance

34:57 Question regarding dividend paying stocks

39:51 Symbol Requests


Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin


(c) Copyright 2025 DecisionPoint.com


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules


Apollo Silver (TSXV:APGO,OTCQB:APGOF,FSE:6ZF0) is a silver-focused exploration company advancing a dual-asset strategy through two high-potential projects in North America: the Calico Silver Project in California, USA, and the Cinco de Mayo project in Chihuahua, Mexico. Both projects are situated in mining-friendly jurisdictions with robust infrastructure and a history of significant exploration work.

At Calico, Apollo Silver advances the Waterloo deposit through geological modeling, barite resource definition, and engineering studies. Calico hosts 110 Moz of silver (measured and indicated) and 51 Moz (inferred), with recent test work producing a 94.6 percent barite concentrate.

In Mexico, the Cinco de Mayo project offers rare optionality, featuring a historical inferred resource of 154 Moz silver equivalent (385 g/t) and a high-impact discovery opportunity at the Pegaso Zone. Under an option agreement with MAG Silver, Apollo is executing a 20,000-meter drill program to earn full ownership of the project.

Project locations

The Calico Silver Project, located 15 km from Barstow, California, includes the adjacent Waterloo and Langtry properties. Calico hosts a combined resource of 110 Moz silver (measured and indicated, 100 g/t) and 51 Moz silver (inferred, 77 g/t). The shallow, laterally extensive deposit offers strong geologic continuity and a low 1.1:1 strip ratio, supporting a potential low-impact open-pit operation. Recent drilling confirmed a 95 percent conversion rate from inferred to measured and indicated resources at Waterloo.

Company Highlights

  • Tier-1 US Silver Asset – Calico Project: Hosts 110 Moz silver (measured and indicated) and 51 Moz silver (inferred), making it the largest undeveloped primary silver deposit in the US.
  • High-grade Discovery Potential – Cinco de Mayo: An option to acquire a district-scale carbonate replacement deposit with a historical inferred resource of 154 Moz silver equivalent at 386 g/t, offering further upside from the Pegaso Zone discovery target.
  • Barite Critical Minerals Exposure: Calico includes a historical in-ground barite estimate of 4.5 Mt, with 2023 flotation tests producing 94.6 percent barite concentrate, meeting US estimates API specifications for petroleum drilling fluids.
  • Strategic Shareholder Registry: Backed by Jupiter Asset Management, Eric Sprott, Terra Capital, Commodity Capital and Ninepoint.
  • Experienced Leadership Team: Proven M&A, discovery and capital markets expertise with over $5 billion in past transactions and most applicable to Apollo Silver, the success at Prime Mining.

This Apollo Silver profile is part of a paid investor education campaign.*

Click here to connect with Apollo Silver (TSXV:APGO) to receive an Investor Presentation

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (April 28) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$94,867.28 as markets closed for the day, up 0.4 percent in 24 hours. The day’s range has seen a low of US$93,589.07 and a high of US$95,212.29.

Bitcoin performance, April 28, 2025.

Chart via TradingView

Bitwise CEO Hunter Horsley noted that heightened institutional activity drove Bitcoin’s rally to US$94,000.

In a client note, Greg Cipolaro, the global head of research at NYDIG, said, “Bitcoin has acted less like a liquid levered version of levered US equity beta and more like the non-sovereign issued store of value that it is.” However, it’s worth noting that Bitcoin fell by about US$2,000 after the markets opened in tandem with declining US Treasury yields.

Ethereum (ETH) ended the day at US$1,799.74, a 0.5 percent decrease over the past 24 hours. The cryptocurrency reached an intraday low of US$1,754.97 and a high of US$1,803.29.

Altcoin price update

  • Solana (SOL) ended the day valued at US$148.64, down one percent over 24 hours. SOL experienced a low of US$145.89 and peaked at $150.06.
  • XRP traded at US$2.30, reflecting a 0.8 percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.26 and reached its highest point at US$2.31.
  • Sui (SUI) was priced at US$3.61, showing an increaseof 0.6 percent over the past 24 hours. It achieved a daily low of US$3.55 and a high of US$3.73.
  • Cardano (ADA) was trading at US$0.7091, up 1.1 percent over the past 24 hours. Its lowest price on Monday was US$0.6879, with a high of US$0.7136.

Today’s crypto news to know

US$330 million Bitcoin transfer sparks concern

On-chain investigator and analyst ZachXBT called out a “suspicious transfer” of 3,520 BTC, worth approximately US$330.7 million at the time, to a new address just after midnight on Monday (April 28). “Shortly after the funds began to be laundered via 6+ instant exchanges and was swapped for XMR causing the XMR price to spike 50%”, Zach wrote, adding that the move was “likely a theft” roughly an hour later. Zach concluded that a longtime holder using major exchanges to suddenly transfer a large sum in many small, costly increments to instant exchanges would be an inefficient method for legitimate use.

To date, there has been no publicly reported confirmation of anyone coming forward to say they have been robbed. Monero’s price has retracted to near its post-spike price, up 10 percent in 24 hours to US$253.09 at the time of writing.

Loopscale suffers hack, bounty negotiations ongoing

On Saturday (April 26), approximately US$5.8 million of USDC and SOL were stolen from the Solana-based DeFi protocol Loopscale. According to reports, roughly US$5.7 million UDSC and around 1,200 SOL were taken from Genesis vaults.

Loopscale’s analysis revealed that the attackers manipulated Loopscale’s RateX PT token, which allowed them to exploit a flaw in how the system determined the value of deposited assets. The stolen funds represent around 12 percent of Loopscale’s total value locked.

In response, Loopscale suspended all withdrawals from its vaults and temporarily halted trading. The platform has offered the attackers a 10 percent bounty and said it would not pursue legal action if the remaining 90 percent is returned. According to Loopscale’s update, posted on X on Sunday evening (April 27), the attackers agreed to return the funds in exchange for a bounty, but said they expected 20 percent. According to the latest update from Etherscan, negotiations are ongoing, and there have been no reports of the funds being returned as of the time of writing.

Coinbase launches Bitcoin yield fund

Coinbase is set to introduce the Coinbase Bitcoin Yield Fund on May 1, which will offer exposure to institutional investors from outside the US. “This fund is a conservative strategy that seeks a 4-8 percent net return in Bitcoin per year, over a market cycle, with investors subscribing and redeeming in Bitcoin,” the company said in a statement on Monday (April 28).

The yield will be generated through a cash-and-carry strategy, through the difference between spot Bitcoin prices and derivatives, as Bitcoin itself lacks a built-in mechanism for generating passive income like staking on other blockchains.

According to Coinbase, custodians of the fund will trade using third-party custody integrations to lessen counterparty risk, avoiding higher-risk Bitcoin lending and systematic call selling.

Strategy stacks US$1.42 billion in Bitcoin as price soars past US$90,000

Bitcoin bull Michael Saylor’s firm, Strategy, added another 15,355 BTC to its holdings last week, spending roughly US$1.42 billion between April 21 and 27 as Bitcoin surged past the US$90,000 mark.

According to Strategy’s April 28 filing with the US Securities and Exchange Commission, the purchase was made at an average price of US$92,737 per Bitcoin, bringing the company’s total haul to a staggering 553,555 BTC — now valued at more than US$50 billion.

The move marks Strategy’s largest Bitcoin acquisition since late March and reflects the firm’s aggressive accumulation strategy despite growing market volatility.

On social media, Saylor celebrated the purchase, noting that Strategy’s Bitcoin yield now sits at 13.7 percent year-to-date, and reaffirmed his belief that Bitcoin remains massively undervalued despite its recent rally.

With the company’s market cap pushing toward US$100 billion and Bitcoin trading around US$95,000, Strategy’s latest moves signal continued institutional confidence in Bitcoin as a core asset class.

Grayscale pushes SEC to approve Ethereum ETF staking

Grayscale Investments is renewing its pressure on the US Securities and Exchange Commission (SEC) to allow staking activities for Ethereum ETFs, highlighting that restrictive rules have already cost American funds more than US$61 million in foregone rewards.

In a high-level meeting with the SEC’s Crypto Task Force, Grayscale executives presented a proposal to amend existing Ethereum ETF filings to permit staking, emphasizing the competitive disadvantage US funds now face compared to their European and Canadian counterparts.

Grayscale argued that staking would not only enhance investor returns but also contribute to Ethereum network security, supporting a more resilient decentralized infrastructure.

The company also laid out a liquidity management plan to address concerns about redemption risks, including credit facilities and liquidity sleeves with custodians like Coinbase Custody.

SEC’s Hester Peirce likens US crypto regulation to ‘floor is lava,’ demands real reforms

SEC Commissioner Hester Peirce delivered a blistering critique of the United States’ crypto regulatory framework, comparing it to the children’s game ‘floor is lava,’ where firms are forced to hop precariously across unclear legal guidelines to avoid regulatory pitfalls.

Speaking at the SEC’s “Know Your Custodian” roundtable on April 25, Peirce criticized the lack of coherent, actionable rules for investment advisers, custodians, and exchanges dealing with crypto assets.

She stressed that without clear definitions around securities classifications and custodial qualifications, the industry is being paralyzed by uncertainty, stifling innovation and deterring responsible market participants.

Fellow commissioner Mark Uyeda reinforced Peirce’s warnings, urging the SEC to expand custodial options by recognizing state-chartered trust companies, a move he said is essential to the healthy development of crypto trading platforms and alternative trading systems.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

Keep reading…Show less
This post appeared first on investingnews.com

Bold Ventures Inc. (TSXV: BOL) (the ‘Company’ or ‘Bold’) announces the second closing of its non-brokered private placement offering, first announced on April 11th, of up to 6,000,000 working capital units (the ‘WC Units’) of the Company at a price of $0.05 per WC Unit for up to $300,000, and up to 10,000,000 Flow Through units (the ‘FT Units’) at a price of $0.06 per FT Unit for up to $600,000, both of which constitute the ‘Offering.’

Subscriptions for 2,901,333 FT Units and 4,040,000 WC Units for gross proceeds of $376,079.98 were completed in the second tranche, for a total of 3,501,333 FT Units and 5,800,000 WC Units for gross proceeds of $500,079.98 for the Offering so far.

The Offering will remain open until the earlier of the sale of the remaining WC Units and FT Units and May 23, 2025.

The Company paid cash finder’s fees of $17,682.50 and issued 307,883 compensation warrants (the ‘Compensation Warrants’) to eligible finders. Each Composition Warrant entitles the holder to acquire one common share of the Company at $0.08 until October 28, 2026.

The securities issued in the second tranche are subject to a hold period expiring on August 29, 2025.

Insider Subscriptions

Two insiders have agreed to subscribe for 250,000 FT Units for proceeds of $15,000 on the final closing of the Offering. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101’) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to the insiders does not exceed 25% of its market capitalization.

The Offering

Each WC Unit comprises one (1) common share of the Company priced at $0.05 and one full common share purchase warrant (a ‘WC Warrant’) entitling the holder to acquire one (1) common share at a price of $0.06 until two years (24 months) following the closing of the Offering. The proceeds from the WC Units will be used for general working capital, property maintenance, exploration and expenses of the offering.

Each FT Unit comprises one common share of the Company priced at $0.06 and one half (1/2) of a common share purchase warrant. One full common share purchase warrant (a ‘FT Warrant’) and $0.08 will acquire an additional common share until eighteen (18) months following the closing of the Offering. The proceeds from the sale of the FT Units will be used for exploration work that qualifies for Canadian Exploration Expenses (CEE).

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold website here.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit boldventuresinc.com or contact us at 416-864-1456 or email us at info@boldventuresinc.com.

‘Bruce A MacLachlan’
Bruce MacLachlan
President and COO
‘David B Graham’
David Graham
CEO

Direct line: (705) 266-0847

Email: bruce@boldventuresinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Click here to connect with Bold Ventures Inc. (TSXV: BOL) to receive an Investor Presentation

Source

This post appeared first on investingnews.com

RemSense Technologies Limited (ASX:REM) is an Australian technology company driving digital transformation in asset-intensive industries through advanced asset visualisation and drone services. Founded in 2006 as a developer of drone systems for the defence and industrial sectors, RemSense expanded into professional drone services in 2012.

In 2019, the company broadened its focus to include high-resolution 3D asset capture and visualisation, leading to the creation of its flagship platform, virtualplant. This evolution reflects broader trends in digital transformation across sectors such as energy, resources, infrastructure, and utilities. RemSense was listed on the Australian Securities Exchange in 2021.

RemSense is strongly positioned to capitalise on the accelerating adoption of digital twin technologies, particularly across the mining, oil and gas, manufacturing, utilities, defence, marine, and aerospace sectors. As these industries increasingly turn to digital solutions to enhance safety, reduce costs, and optimise asset management, demand for RemSense’s innovative offerings continues to grow.

Company Highlights

  • Profitable Growth: Delivered $3.12 million in revenue in H1 FY25 – a 178 percent increase year-over-year
  • Tier-1 Client Base: Trusted by major global operators including Chevron, Newmont and Woodside Energy for digital twin and drone technology services.
  • Flagship Platform – virtualplant: A scalable, cutting edge digital twin solution providing real-time operational insights for industrial facilities and infrastructure.
  • Strong legacy drone operations: RPAS Services features CASA-certified pilots and a fleet of custom-engineered drones supporting multiple industrial applications.
  • Serving Critical Industries: Solutions deployed across energy, resources, utilities and infrastructure sectors undergoing rapid digital transformation.

This RemSense Technologies profile is part of a paid investor education campaign.*

Click here to connect with RemSense Technologies (ASX:REM) to receive an Investor Presentation

This post appeared first on investingnews.com

The Liberal Party of Canada has emerged as the federal election winner under Prime Minister Mark Carney.

Carney, who ran the Bank of Canada from 2007 to 2013 and the Bank of England from 2013 to 2020, won the Liberal Party leadership race in March, following the resignation of former Prime Minister Justin Trudeau on January 6.

In what turned out to be a tight race, his party claimed a narrow victory over the Conservative Party of Canada, led by Pierre Poilievre, winning 168 seats to the Conservatives’ 144.

The win comes against a backdrop of strong rhetoric from US President Donald Trump, who since the start of the year has vowed to impose broad tariffs against Canadian goods, many of which are derived from the natural resource sector.

The mining sector is a major contributor to Canada’s economy. In 2022, the industry represented nearly 20 percent of Canada’s gross domestic product and C$422 billion in exports.

Although the mining market has been overshadowed by key issues of taxation, immigration and Trump, Canada’s natural resource development played an important role in the platforms of the two main parties.

Here’s how they stack up.

The Liberal Party plan

After a decade in charge, the Liberal party seemed to be facing an uphill battle at the start of the year, but a change in leadership brought about a reversal and has made the party more competitive in the polls.

Often regarded as an anti-oil party, the Liberal government has overseen an expansion of the resource sector in Canada, which has seen significant investment with the purchase and expansion of the Trans-Mountain pipeline.

In the run-up to the election, the party made grand promises to protect the environment, drive innovation and build the economy on the back of a strong natural resource sector. How does the Liberal Party plan to achieve this?

A focus on critical minerals

A main focus in the Liberal party platform has been on developing critical mineral projects.

This includes a “rock to road” approach, including the creation of a first and last mile fund that will provide up to C$750 million in funding by 2029 for onsite development, processing, and refining capacity. The fund will also invest in exploration activities, mineral recovery from mining waste, and end-of-life products like batteries.

It comes in addition to the party proposing a broader strategy for the critical mineral exploration tax credit that would include minerals necessary for defence, semiconductors, and energy production.

In its current format, the program provides investors with a 30 percent tax credit for critical mineral exploration projects. It was meant to stimulate funding for early-stage exploration projects that seek to find 15 minerals, such as rare earth elements, copper, cobalt, nickel, and titanium.

The platform did not include which new minerals would be added to the list.

In addition to supporting the discovery of new resources, the platform also includes a change to the clean technology investment tax credit, which would provide a break for investments in brownfield critical mineral projects.

Other initiatives include supporting the Canadian steel, aluminum, and forestry industries through a Canadian-standard approach to federal infrastructure and defence procurements and also stimulating downstream industries.

Streamlining permitting and trade

A major factor for resource companies before the election was the development times for new projects in Canada that could extend more than 10 years.

Permitting played a significant role in those timelines, and while the Canadian government has worked to get decisions down to five years, it hasn’t really moved the needle much.

The Liberal Party platform works to address this by creating a “one window” process that moves the review’s focus from the why to the how. The new system would require decisions to be made within a two-year timeline, including projects that fall under multiple laws or departments.

This would speed up the development of a breadth of resource projects from mining to oil and gas.

In addition to permitting, the party has also proposed economic corridors that would host diverse infrastructure projects, including energy, railways and highways. One key area would see Canada’s north being opened by a link from Yellowknife to the port at Grays Bay in Nunavut.

The Liberal platform has also proposed creating its own carbon border adjustment mechanism (CBAM). It will function similarly to what is in place in Europe and will tax higher carbon imports at a higher rate than domestic producers who have invested in lower carbon technologies.

A Canadian CBAM would also work to meet European standards and allow for more streamlined trade.

The Conservative Party plan

Conservatives have long been viewed as a pro-resource sector party. Their history has seen significant support for oil and gas companies through tax credits and loosening environmental regulations.

However, these initiatives were under the then-leader Stephen Harper more than a decade ago. They came before the start of the energy transition and a broader focus on the environment.

Could a Conservative Party of Canada policy found the balance between Canada’s environmental commitments and improving development within the resource sector?

A shift in legal frameworks

Among the first acts under a Conservative-led government would have seen them repealing two pieces of legislation introduced by the Liberals under Justin Trudeau.

The first, C-48, also known as the Tanker Moratorium Act, would once again allow tankers carrying greater than 12,500 metric tons of oil product to access ports along the North Coast of British Columbia.

The original act, passed in 2019, restricted the size of vessels carrying heavy crude products between the BC border with Alaska and the northernmost point of Vancouver Island. It still allows for transporting refined petroleum products and liquified natural gas and doesn’t limit the transport of any products along BC’s south coast.

Conservatives have opposed the bill since it was introduced, saying that it stymied the development of Canadian pipelines and limited Alberta oil’s access to Asian markets.

The other legislation being targeted under the Conservative plan was Bill C-69, which the Conservative Party colloquially referred to as the “No more development law.”

The law, passed in 2019, was designed to provide more consultation and federal review of major energy projects, and consider impacts on the environment, health, the economy and indigenous rights.

Opposition suggests that the law limits the construction of projects in the national interest, specifically pipelines to the East Coast.

The Conservative plan would also have eliminated or reduced taxes on the Canadian resource sector, including the industrial carbon tax and the federal fuel and electricity taxes. The party claimed the cuts should be made to be more competitive with the US. However, the plan never addressed trade with other regions, particularly Europe, which requires some form of carbon tax on imported minerals and resources.

How would Conservatives have supported the resource sector?

As part of its platform, the Conservative Party vowed to “unleash Canadian energy and resources.”

In addition to promising to repeal laws focused on the oil and gas sector, the party also promised to create a national energy corridor. Along the corridor, key infrastructure projects like pipelines, railways, and transmission lines would have received fast-tracked approvals, allowing for more rapid development.

The idea would have created more pipeline and resource infrastructure across Canada. However, the platform never discussed how it would work with Quebec, which has remained firm about not allowing pipelines.

The Conservatives also vowed to cut red tape by creating a “one and done” approval process. The streamlined approach to regulatory approvals would have created a single application that included environmental reviews. The plan also proposed that the federal government partner with the provinces to deliver decisions within a maximum of one year.

Regarding direct funding initiatives, the party lacked details. The only infrastructure spending involved an investment to construct a roadway for Ontario’s Ring of Fire region. The platform suggested this would entail C$600 million in spending between 2026 and 2029 and would have provided access to the region for critical mineral mining.

To stimulate funding in the Canadian economy, the party instead proposed a C$5,000 increase to TFSA contributions destined for Canadian companies.

Other promises included opening Arctic ports for oil exports and expanding the port at Churchill to extend the shipping season through Hudson’s Bay. The bill would also have created a First Nations resource charge, allowing companies to cede a portion of federal taxes to indigenous communities.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Keep reading…Show less
This post appeared first on investingnews.com

China and the Philippines have each unfurled their national flags on tiny sandbars in the South China Sea, staking competing sovereignty claims in strategic waters seen as a potential flashpoint for global conflict.

The rival photo opportunities unfolded on Sandy Cay, a string of three uninhabited sandbars which lie near a Philippine military outpost in the disputed Spratly Islands.

The release of the images comes as US and Philippine forces hold their largest-ever annual joint military drills in nearby waters – and just weeks after US Defense Secretary Pete Hegseth vowed to enhance America’s military alliance with the Philippines to “reestablish deterrence” to counter “China’s aggression” in the region – during his first trip to Asia.

Bracketed by China and several Southeast Asian nations, parts of the vital South China Sea are claimed by multiple governments, but Beijing has asserted ownership over almost all of the waterway, in defiance of an international court ruling.

Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports.

The public relations wrestling match over Sandy Cay risks further stoking long-running tensions between the Philippines and China. It also poses a key test to the Trump administration on how it will respond, especially as key cabinet officials have repeatedly emphasized the need for the US to focus its attention and resources on countering China’s ambitions in the Indo-Pacific region.

Competing claims

The latest maritime dispute surfaced last week, when China’s state-controlled media claimed that China Coast Guard “implemented maritime control” and “exercised sovereign jurisdiction” over Tiexian Reef – the Chinese name for Sandy Cay – in mid-April.

A photo aired on China’s state broadcaster Saturday showed four Chinese officers in black uniforms walking along the white sandbar as a fifth officer held an inflatable boat by the water. Another photo showed four officers holding up a Chinese flag in what the broadcaster described as “a show of sovereignty.”

“China Coast Guard officers landed on Tiexian Reef to conduct patrols and recorded video evidence of the illegal activities carried out by the Philippine side,” said the state broadcaster CCTV. It added that the officers also cleaned up leftover plastic bottles, wooden sticks and other debris on the reef.

The Philippines was quick to unleash its own publicity move in response, sending teams to multiple sandbars.

On Sunday, a spokesperson for the Philippines Coast Guard said the country’s navy, coast guard and police deployed four teams in rubber boats to Pag-asa Cay 1, Cay 2 and Cay 3 – names the Philippines uses to refer to Sandy Cay.

During the inter-agency operation, the officers “observed the illegal presence” of a nearby China Coast Guard vessel and seven Chinese maritime militia vessels.

An image posted by Philippines Coast Guard spokesperson, Jay Tarriela, on X showed five officers holding the national flag on a white sandbar.

In a statement late on Sunday night, a spokesperson for the China Coast Guard said six personnel from the Philippines had “illegally landed” on the Tiexian Reef despite “warnings and dissuasion” from the Chinese side.

“China Coast Guard law enforcement officers then boarded the reef to verify and deal with the situation in accordance with the law,” spokesperson Liu Dejun said, urging the Philippines to “immediately stop its infringement.”

At a press conference Monday, Tarriela said each team had brought with them a Philippine flag to pose for photos on the sandbars on early Sunday morning.

“The other objective of our operation is to check whether the Chinese government installed different infrastructure or monitoring devices or whatsoever,” Tarriela told reporters.

“(From) the photos and videos we have already, we can totally debunk the lie and disinformation the People’s Republic of China that they have already occupied the Pag-asa cays.”

Military alliance

Confrontations between China and the Philippines in the contested waters have become increasingly fraught in recent years, fueling fears of a global conflict that could drag in the US, a mutual defense ally of Manila.

Sandy Cay lie near Thitu Island, known as Pag-asa Island by Manila and the site of a Philippines military facility. In 2023, Manila opened a coast guard monitoring base there to counter what it called Chinese aggression in the vital waterway.

Under the Biden administration, US officials repeatedly assured the Philippine that the US would come to its defense if attacked in the South China Sea.

US President Donald Trump is a more mercurial figure who has long viewed historical US agreements through a more mercantile lens and has called for allies to pay more for protection.

But Trump’s cabinet contains vocal China hawks, notably Hegseth and Secretary of State Marco Rubio, who have both spoken publicly on needing to push back against China’s growing assertiveness in the South China Sea.

On April 21, the US and the Philippines kicked off their annual Balikatan – meaning “shoulder to shoulder” – military exercises, which are expected to run for three weeks and have grown in scale each year.

This year, the US military has deployed an anti-ship missile launcher for the first time on the northern tip of the Philippine archipelago, just across the strait from Taiwan, a self-governing democracy Beijing has vowed to take by force if necessary.

The Philippines also hosted Japanese forces as full-fledged participants for the first time as party of the multinational military drills, a sign of strengthening security cooperation between Manila and Tokyo.

This post appeared first on cnn.com

Yemen’s Houthi rebels on Monday alleged a US airstrike hit a prison holding African migrants, killing at least 68 people and wounding 47 others. The US military had no immediate comment.

The strike in Yemen’s Saada governorate, a stronghold for the Houthis, is the latest incident in the country’s decadelong war to kill African migrants from Ethiopia and other nations who risk crossing the nation for a chance to work in neighboring Saudi Arabia.

It also likely will renew questions from activists about the American campaign, known as “Operation Rough Rider,” which has been targeting the rebels as the Trump administration negotiates with their main benefactor, Iran, over Tehran’s rapidly advancing nuclear program.

The US military’s Central Command, in a statement early Monday before news of the alleged strike broke, sought to defend its policy of offering no specific details of its extensive airstrike campaign. The strikes have drawn controversy in America over Defense Secretary Pete Hegseth’s use of the unclassified Signal messaging app to post sensitive details about the attacks.

“To preserve operational security, we have intentionally limited disclosing details of our ongoing or future operations,” Central Command said. “We are very deliberate in our operational approach, but will not reveal specifics about what we’ve done or what we will do.”

It did not immediately respond to questions from The Associated Press about the alleged strike in Saada.

Graphic footage shows aftermath

Graphic footage aired by the Houthis’ al-Masirah satellite news channel showed what appeared to be dead bodies and others wounded at the site. The Houthi-run Interior Ministry said some 115 migrants had been detained at the site.

The rebels’ Civil Defense organization said at least 68 people had been killed and 47 others wounded in the attack.

Footage from the site analyzed by the AP suggested some kind of explosion took place there, with its cement walls seemingly peppered by debris fragments and the wounds suffered by those there.

A woman’s voice, soft in the footage, can be heard repeating the start of a prayer in Arabic: “In the name of God.” An occasional gunshot rang out as medics sought to help those wounded.

African migrants caught in middle

Ethiopians and other African migrants for years have landed in Yemen, braving the war-torn nation to try and reach Saudi Arabia for work. The Houthi rebels allegedly make tens of thousands of dollars a week smuggling migrants over the border.

Migrants from Ethiopia have found themselves detained, abused and even killed in Saudi Arabia and Yemen during the war. An Oct. 3, 2022, letter to the kingdom from the U.N. said its investigators “received concerning allegations of cross-border artillery shelling and small arms fire allegedly by Saudi security forces, causing the deaths of up to 430 and injuring 650 migrants.”

Saudi Arabia has denied killing migrants.

Monday’s alleged strike recalled a similar strike by a Saudi-led coalition battling the Houthis back in 2022 on the same compound, which caused a collapse killing 66 detainees and wounding 113 others, a United Nations report later said. The Houthis shot dead 16 detainees who fled after the strike and wounded another 50, the U.N. said. The Saudi-led coalition sought to justify the strike by saying the Houthis built and launched drones there, but the U.N. said it was known to be a detention facility.

“The coalition should have avoided any attack on that facility,” the U.N. report added.

That 2022 attack was one of the deadliest single attacks in the years long war between the coalition and the Houthi rebels and came after the Houthis struck inside the UAE twice with missiles and drones, killing three in a strike near Abu Dhabi’s international airport.

US military: 800 strikes conducted so far

Meanwhile, US airstrikes overnight targeting Yemen’s capital killed at least eight people, the Houthis said. The American military acknowledged carrying out over 800 individual strikes in their monthlong campaign.

The overnight statement from Central Command also said “Operation Rough Rider” had “killed hundreds of Houthi fighters and numerous Houthi leaders,” including those associated with its missile and drone program. It did not identify any of those officials.

“Iran undoubtedly continues to provide support to the Houthis,” the statement said. “The Houthis can only continue to attack our forces with the backing of the Iranian regime.”

“We will continue to ratchet up the pressure until the objective is met, which remains the restoration of freedom of navigation and American deterrence in the region,” it added.

The US is targeting the Houthis because of the group’s attacks on shipping in the Red Sea, a crucial global trade route, and on Israel. The Houthis are also the last militant group in Iran’s self-described “Axis of Resistance” that is capable of regularly attacking Israel.

US discusses deadly port strike

The US is conducting strikes on Yemen from its two aircraft carriers in the region — the USS Harry S. Truman in the Red Sea and the USS Carl Vinson in the Arabian Sea.

On April 18, an American strike on the Ras Isa fuel port killed at least 74 people and wounded 171 others in the deadliest-known attack of the American campaign. Central Command on Monday offered an explanation for why it hit the port.

“US strikes destroyed the ability of Ras Isa Port to accept fuel, which will begin to impact Houthi ability to not only conduct operations, but also to generate millions of dollars in revenue for their terror activities,” it said.

Meanwhile, the Houthis have increasingly sought to control the flow of information from the territory they hold to the outside world. It issued a notice Sunday that all those holding Starlink satellite internet receivers should “quickly hand over” the devices to authorities.

“A field campaign will be implemented in coordination with the security authorities to arrest anyone who sells, trades, uses, operates, installs or possesses these prohibited terminals,” the Houthis warned.

Starlink terminals have been crucial for Ukraine in fighting Russia’s full-scale invasion and receivers also have been smuggled into Iran amid unrest there.

This post appeared first on cnn.com