logo
Canada-U.S. talks on economic and security deal intensify: sources

Canada-U.S. talks on economic and security deal intensify: sources

CTV News11-06-2025
Prime Minister Mark Carney and U.S. President Donald Trump meet in the White House in Washington, D.C., on Tuesday, May 6, 2025. THE CANADIAN PRESS/Adrian Wyld
The U.S. and Canada have intensified talks for an economic and security deal in recent weeks, with a framework for such an arrangement trading hands between the two parties, CTV News can confirm.
Sources who spoke to CTV News on the condition of anonymity all universally cautioned the finalizing of such a deal requires sign-off directly from U.S. President Donald Trump, and there are no explicit assurances that will happen on a certain timeline.
This is a breaking news story. More details to come...
With files from CTV News' Vassy Kapelos
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Canada's Gilgeous-Alexander agrees to massive 4-year extension with NBA champion Thunder: reports
Canada's Gilgeous-Alexander agrees to massive 4-year extension with NBA champion Thunder: reports

CBC

time31 minutes ago

  • CBC

Canada's Gilgeous-Alexander agrees to massive 4-year extension with NBA champion Thunder: reports

Social Sharing Shai Gilgeous-Alexander and the Oklahoma City Thunder have agreed on a record-setting 4-year, $285 million US extension that would give him the highest single-season average salary in NBA history, a person with knowledge of the agreement said Tuesday. The person spoke to The Associated Press on condition of anonymity because the deal has not been publicly announced and likely won't be until the league's moratorium on most offseason signings is lifted on Sunday. ESPN first reported on the agreement. News of the deal comes on Canada Day, a fitting coincidence for the 26-year-old from Hamilton who is coming off a season like few others in NBA history. Not only did Gilgeous-Alexander lead the Thunder to their first NBA championship and the league's best record, he swept most major individual awards — winning regular-season and NBA Finals MVP honors and the scoring title. The supermax extension was not unexpected. It was a question of timing; he could have taken a deal with an even higher total value next summer. Based on the NBA's most recent salary cap projections — the exact numbers will not be finalized until June 2027 — Gilgeous-Alexander would make somewhere around $63 million in the first season and nearly $79 million during the 2030-31 season. That would put him at an average payout of about $1 million per regular season game, and would be the highest single-season salary in NBA history. Gilgeous-Alexander didn't enter the league with superstar expectations. He was the 11th overall pick in the 2018 draft, and he was traded from the Los Angeles Clippers to the Thunder after his rookie year. He has been on an upward trajectory ever since, and Thunder general manager Sam Presti believes that will continue. "He's gotten better every single year," Presti said. "His mindset has allowed him to take these steps and also not — I don't feel like his progress is, like, volatile. I don't know if that makes sense, but I don't feel like it's built on things that can't be repeated and built up again." Presti referred to Gilgeous-Alexander as a "basketball artist" because he has the emotional intelligence to know when to call upon his various gifts. "I just think he's got left and right brain working, and I think when you think about people that are extremely successful in what they do, they can't operate all on one side or the other," Presti said. "People have to have — to me, the great people in life, business, sports, any industry, have to be able to access both sides, a creative side and then also a very objective side." The Thunder are set to be contenders for years. Their best player is in place long-term, all their major players are under contract through at least next season and Presti has a slew of draft picks stashed from previous trades.

Is ConocoPhillips' Operation Resistant to Oil Price Volatility?
Is ConocoPhillips' Operation Resistant to Oil Price Volatility?

Globe and Mail

time37 minutes ago

  • Globe and Mail

Is ConocoPhillips' Operation Resistant to Oil Price Volatility?

ConocoPhillips COP has a strong production outlook, backed by its decades of low-cost inventory of drilling sites. The upstream energy giant added that the costs are even lower than $40 per barrel, allowing it to continue producing oil at low prices for years to come. The low-cost resources of COP are spread across the Lower 48, which comprises prolific shale plays like the Permian, Eagle Ford and Bakken. Thus, the energy major's business model is largely immune to commodity price volatility. This is because ConocoPhillips can produce oil at such low costs that even when prices fall, the company can maintain its upstream operations and turn a profit. With the current West Texas Intermediate (WTI) crude price around $65 per barrel and break-even costs much lower, COP's operations are highly profitable at present. This seems very reassuring for investors, since, unlike COP, upstream players are generally significantly vulnerable to the fluctuations in oil prices. Thus, ConocoPhillips is better placed and hence can sustain its operations through the ups and downs of the market and can generate handsome cash flows for shareholders. Are XOM & EOG's Businesses Vulnerable to Oil Price? Exxon Mobil Corporation XOM and EOG Resources, Inc. EOG are two leading energy players that can survive low oil prices. ExxonMobil mentioned on its recent earnings call that it plans to lower its break-even costs to $35 per barrel by 2027 and $30 per barrel by 2030. Thus, this level of costs will be highly beneficial for XOM's bottom line. In other words, ExxonMobil will remain profitable even if crude oil prices drop significantly and stand to earn substantially more when prices climb. EOG Resources has a strong balance sheet and is committed to maintaining robust financials. EOG added that even if oil prices decline to below $45 per barrel, it aims to lean on its balance sheet strengths to navigate a challenging business environment. COP's Price Performance, Valuation & Estimates Shares of COP have declined 19.1% over the past year against the 16.7% fall of the composite stocks belonging to the industry. From a valuation standpoint, COP trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 5.02X. This is above the broader industry average of 11.15X. The Zacks Consensus Estimate for COP's 2025 earnings hasn't been revised over the past seven days. COP stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report ConocoPhillips (COP): Free Stock Analysis Report EOG Resources, Inc. (EOG): Free Stock Analysis Report

Why Shares of Bitmine Immersion Technologies Are Skyrocketing Today
Why Shares of Bitmine Immersion Technologies Are Skyrocketing Today

Globe and Mail

time37 minutes ago

  • Globe and Mail

Why Shares of Bitmine Immersion Technologies Are Skyrocketing Today

Shares of the Bitcoin mining company Bitmine Immersion Technologies (NYSEMKT: BMNR) had blasted nearly 50% higher as of 10:41 a.m. ET today. The stock continued its impressive run this week after the company announced yesterday that it would pursue an Ethereum treasury strategy. Following Strategy's playbook Bitmine announced yesterday that it had raised $250 million in a private placement offering that it will use to purchase Ethereum, following a similar strategy initially implemented by Strategy (formerly MicroStrategy) with Bitcoin. The transaction was led by MOZAYYX and also included participation from the Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG, Diametric Capital, Occam Crest Management, and Thomas Lee, the founder of Fundstrat and a contributor on CNBC. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Bitmine also announced that Lee is now chairman of Bitmine's board of directors. Lee is an influential Wall Street strategist and has become famous for his bullish calls on the stock market over the last few years. Lee and Fundstrat are also big fans of Bitcoin. On CNBC yesterday, Lee said Ethereum could essentially become the next Bitcoin, primarily because of its importance to the burgeoning stablecoin business, which many experts including U.S. Treasury Secretary Scott Bessent believe is poised for massive growth. A significant portion of fees generated on Ethereum's blockchain already come from stablecoins. Be prepared for volatility Since the announcement of the private placement and Lee becoming chairman, Bitmine's stock has already rocketed 1,048%. While I am long-term bullish on Ethereum and understand Lee's argument for the world's second-largest cryptocurrency, I find these crypto-treasury vehicles too risky and volatile for retail investors. If you like Ethereum, simply buy Ethereum. Should you invest $1,000 in Bitmine Immersion Technologies right now? Before you buy stock in Bitmine Immersion Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitmine Immersion Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $722,181!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $968,402!* Now, it's worth noting Stock Advisor 's total average return is1,069% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 30, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store