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Canada has blocked a Chinese state-owned mining company from purchasing a gold mine in Nunavut on national security grounds, signalling a new escalation of already high tensions between the two countries.
Under the now terminated deal, Shanghai-listed Shandong Gold Mining Co. Ltd. had proposed to pay about $230 million not including debt to purchase Toronto-based TMAC Resources Inc., which in 2018 developed a gold mine in Hope Bay, Nunavut.
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A spokesperson for Innovation, Science and Economic Development Canada declined to answer questions about why the deal was blocked, but provided a statement noting that all foreign investments are subject to review under the Investment Canada Act.
Cash Piles, Vaccines Force Economists to Rethink Canada Outlook
Bloomberg 12/23/2020 Erik Hertzberg and Shelly Hagan
(Bloomberg) Even as Canadian policy makers ramp up Covid-19 restrictions, economists are becoming more optimistic about the country’s outlook.
Strong fiscal support, the start of vaccinations and a growing pile of savings in consumers’ accounts have caused forecasters to revise their views of Canada’s recovery. Economists surveyed by Bloomberg this month see output expanding by an average 5.4% annualized in the final three quarters of 2021, much higher than the 3.8% forecast in November.
Eric Lascelles, chief economist at RBC Global Asset Management, said in a report to investors last week he’s among those raising growth forecasts, citing “our belief that vaccines will prove a game-changer, and expectations that government stimulus will remain substantially in place.”
Cash piles, vaccines force economists to rethink outlook bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Article content
Even as Canadian policy makers ramp up COVID-19 restrictions, economists are becoming more optimistic about the country’s outlook.
Strong fiscal support, the start of vaccinations and a growing pile of savings in consumers’ accounts have caused forecasters to revise their views of Canada’s recovery. Economists surveyed by Bloomberg this month see output expanding by an average 5.4 per cent annualized in the final three quarters of 2021, much higher than the 3.8 per cent forecast in November.
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Northern Superior Resources Inc.: Northern Superior Resources Announces Closing of $4.25MM Private Placement
Not for distribution to United States newswire services or dissemination in the United States
SUDBURY, ON / ACCESSWIRE / December 17, 2020 / Northern Superior Resources ( Northern Superior or the Company )(TSXV:SUP) is pleased to announce the successful completion of its previously announced $4.25MM financing (
see Northern Superior press releases dated November 9, 2020 (x2) and November 12, 2020).
The Company raised $2,500,000 of proceeds through the issuance of 2,271,363 common shares of the Company, issued on a
flow-though basis to subscribers in the Province of Québec (
FT Shares ), at a price of $1.10 per FT Share. The Company raised an additional $1,750,000 of proceeds through the issuance of 2,187,500 units of the Company (