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UBS has raised its price target for ARC Resources to C$33 from C$31 while maintaining a Buy rating. The firm notes a mixed outlook for energy in 2025, highlighting positive momentum in natural gas but cautioning about downward pressure on crude oil prices, which may deter new investors.
Billionaire Andrew Lutfy, founder of Groupe Dynamite Inc., opted for an IPO after determining private equity wasn't suitable for his fast-fashion chain. The company, which operates the Garage and Dynamite brands, went public on the Toronto Stock Exchange, marking the largest Canadian IPO of the year, with Lutfy selling a 13% stake valued at nearly C$2 billion ($1.4 billion).
BlockFi offers competitive interest rates and a straightforward borrowing process, making it appealing for passive crypto growth, though it has a lengthy withdrawal process. In contrast, Gemini provides robust security and a wide range of features, albeit with higher fees and a complex verification process. Both platforms have strong customer support and mobile apps, but users should weigh the pros and cons based on their individual needs.
Tourmaline Oil Corp. has become Canada’s largest emitter of methane, with emissions surging 200% following recent acquisitions. In October, the company vented 3,862.5 cubic meters of natural gas, marking a threefold increase from September and reaching 84.8 metric tons per day, the highest recorded since 2020.
Most economists predict that Prime Minister Justin Trudeau’s government will exceed its self-imposed fiscal constraints, as deficits in Canada worsen. A Bloomberg survey revealed that 13 of 15 economists believe Finance Minister Chrystia Freeland will fail to meet her fiscal commitments, including capping the 2023-24 shortfall at C$40.1 billion. Additionally, there are concerns about maintaining a declining ratio of federal debt and deficits to GDP.
Murphy Oil Corporation is an independent oil and gas exploration and production company with operations in the United States, Canada, and other countries. It primarily produces crude oil, natural gas, and natural gas liquids, focusing on the Gulf of Mexico and the Eagle Ford Shale in South Texas, while also holding interests in Canadian assets like Tupper Montney and offshore fields in Newfoundland.
Murphy Oil Corporation is an independent oil and gas exploration and production company operating in the onshore and offshore sectors across the United States, Canada, and other countries. In the U.S., it primarily produces crude oil, natural gas liquids, and natural gas from the Gulf of Mexico and the Eagle Ford Shale in South Texas, where it holds rights to approximately 133,000 acres. In Canada, the company has interests in the Tupper Montney and Kaybob Duvernay areas, as well as non-operated offshore fields like Hibernia and Terra Nova in the Jeanne d'Arc Basin.
Agnico Eagle Mines Limited, a Canadian gold mining company, operates in Canada, Australia, Finland, and Mexico, with a diverse portfolio of exploration and development projects. Key operations include the Canadian Malartic complex, Detour Lake, and Fosterville, among others, while exploration sites span multiple regions, including Anza and Hope Bay/Oro. The Fosterville mine is noted for its low-cost, high-grade underground gold production.
India should prioritize the internationalization of the rupee rather than pursuing de-dollarization. The US dollar remains the dominant reserve currency, accounting for approximately 58% of global foreign exchange reserves, despite the recognition of eight major reserve currencies by the IMF.
Central banks across Australia, Canada, Brazil, and the euro zone are poised to make final adjustments to interest rates ahead of Donald Trump's inauguration as president. His return raises concerns about potential global trade disruptions, including the possibility of new tariffs.
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