Latest news with #PeterGrant
CBC
an hour ago
- Entertainment
- CBC
Series documenting overhaul of abandoned northern Ontario mansion still lacks broadcaster, gains local support
There's still no buyer for Mansion Impossible, the unscripted renovation series centred on the colossal Grant Mansion on Lake Temiskaming, but filming is done and editing is underway. The show follows Texas entrepreneur Chris Fischer and his family as they move to northern Ontario and attempt to restore a 65,000-square-foot unfinished house in Haileybury, said to be the largest in Canada. After about a year of filming, the series is now in post-production. Producer Theresa Kowall-Shipp said they're editing a pilot and one additional episode in the hopes of selling the show. She explained that with shifts in the industry, they're betting on building buzz first. Kowall-Shipp said so far, it's working. Mansion Impossible has racked up more than 1 million views on YouTube in less than six months. Before encountering financial difficulties and abandoning the property in 2005, Temiskaming forestry magnate Peter Grant envisioned a corporate retreat. "It's important to understand that Mr. Grant did not do anything by half measures. He built an extraordinary building and if he had not then we wouldn't be having this discussion right now," Kowall-Shipp said. Plans for the mansion included a subterranean boathouse, a golf course, and a moat on the exterior, along with interior features such as waterfalls and an art gallery. The mansion's top floor boasts an expansive office space, yet the entire house was built with only a single bedroom. "The walls are meters thick in places. They are cement, concrete, they are stone," she said. The show documents the early stages of the massive cleanup and restoration. Kowall-Shipp described the house as both structurally sound and a complete mess. "There are probably seven generations of raccoons that have lived in that building. I've met three of the generations," she said. "There are more mice than you can shake a stick at." The mansion has also seen signs of vandalism, Kowall-Shipp said. When will a platform pick up a reality TV show about Canada's largest abandoned house? 9 months ago While 'Mansion Impossible' producers persist in pitching the story of the infamous Grant mansion to online platforms and TV networks, vandals continue to trespass on the property to break windows and put graffiti on the walls. "I mean, really, is there any reason for us to find 12 office chairs in an elevator shaft?" she said. Community rallies Despite the decay, Kowall-Shipp said the response from the Temiskaming Shores community has been overwhelmingly positive. "We tread carefully. We did not want to brazenly push in," she said. "We certainly have a, let's just say, very robust community on Facebook and they will let us know how they feel. There have been people who said, you know, 'American go home'... I'm not going to pretend that didn't happen. It did. But for every one of those, there were three people inviting the Fischers for dinner." Kowall-Shipp said locals have gone out of their way to let the production team know they support the project. "There were people coming out of the woodwork, literally, that had worked on the mansion years ago, who were so proud of the craftsmanship that went into that building," she said. She said the renovations could take upwards of five years to complete. As for what's next, Fischer is reportedly considering turning part of the estate into a wellness centre or developing housing on the property. But Kowall-Shipp said that's still up in the air. "That is the 65,000 square foot question," she said. "He's very aware that this needs to be a a business that will thrive inside this mansion and on the 43 acres that are part of the property."
Yahoo
4 days ago
- Business
- Yahoo
Gold drops as dollar firms, trade deal hopes sap safe-haven demand
By Sherin Elizabeth Varghese (Reuters) - Gold prices slipped on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations that dented safe-haven demand. Spot gold fell 0.9% to $3,336.01 per ounce by 02:01 p.m. ET (1801 GMT). U.S. gold futures settled 1.1% lower at $3,335.6. The U.S. dollar index rebounded from a more-than-two-week low, making bullion more expensive for overseas buyers.[USD/] "The Japan deal was significant, and there's hope for a U.S.-EU agreement before the August 1 deadline. That's sapping safe-haven demand as elevated risk appetite drives capital toward risk assets," said Peter Grant, vice president and senior metals strategist at Zaner Metals. [MKTS/GLOB] Following this week's U.S.-Japan trade deal, the European Commission said a trade deal with the U.S. is within reach, even as EU members approved counter-tariffs on U.S. goods in case talks fail. On the data front, U.S. jobless claims fell to a three-month low, signaling a stable labor market despite sluggish hiring. Stable labor market data is expected to give the Federal Reserve cover to hold rates steady at 4.25%-4.50% at its meeting next week, even as inflation shows signs of picking up due to U.S. President Donald Trump's import tariffs. Trump's surprise visit to the central bank marked a fresh attempt to pressure Chair Jerome Powell, with the President again urging a deep rate cut. Gold may attract some "buying interest probably at $3,300 level, but perhaps not breaking out to new all-time highs until after the Fed decision," Grant said, adding that the meeting could signal rate cuts later this year. Gold typically performs well during periods of uncertainty and in low-interest-rate environments. Spot silver fell 2.3% to $38.2 per ounce, but was still on track for a weekly gain. Platinum was 0.9% lower at $1,395.31, while palladium dropped 0.7% to $1,219.07 and both the metals were down for the week. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Recorder
5 days ago
- Business
- Business Recorder
Gold drops as dollar firms, trade deal hopes sap safe-haven demand
NEW YORK: Gold prices slipped on Friday, weighed down by a stronger US dollar and signs of progress in US-EU trade negotiations that dented safe-haven demand. Spot gold fell 0.7% at $3,343.69 per ounce by 9:31 a.m. ET (1331 GMT). US gold futures fell 0.8% to $3,345.20. The US dollar index rebounded from a more-than-two-week low, making bullion more expensive for overseas buyers, while benchmark 10-year US Treasury yields rose. 'The Japan deal was significant, and there's hope for a US-EU agreement before the August 1 deadline. That's sapping safe-haven demand as elevated risk appetite drives capital toward risk assets,' said Peter Grant, vice president and senior metals strategist at Zaner Metals. Following this week's US-Japan trade deal, the European Commission said a trade deal with the US is within reach, even as EU members approved counter-tariffs on US goods in case talks fail. On the data front, US jobless claims fell to a three-month low, signaling a stable labour market despite sluggish hiring. Stable labour market data is expected to give the Federal Reserve cover to hold rates steady at 4.25%-4.50% at its meeting next week, even as inflation shows signs of picking up due to US President Donald Trump's import tariffs. Trump's surprise visit to the central bank marked a fresh attempt to pressure Chair Jerome Powell, with the President again urging a deep rate cut. Gold may attract some 'buying interest probably at $3,300 level, but perhaps not breaking out to new all-time highs until after the Fed decision,' Grant said, adding that the meeting could signal rate cuts later this year. Gold typically performs well during periods of uncertainty and in low-interest-rate environments. Spot silver fell 0.4% to $38.91 per ounce, but was still on track for a weekly gain of about 2%. Platinum was 1.6% lower at $1,385.20, while palladium rose 0.2% at $1,229.94.
Zawya
6 days ago
- Business
- Zawya
Gold drops as dollar firms, trade deal hopes sap safe-haven demand
Gold prices slipped on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations that dented safe-haven demand. Spot gold fell 0.7% at $3,343.69 per ounce by 9:31 a.m. ET (1331 GMT). U.S. gold futures fell 0.8% to $3,345.20. The U.S. dollar index rebounded from a more-than-two-week low, making bullion more expensive for overseas buyers, while benchmark 10-year U.S. Treasury yields rose. "The Japan deal was significant, and there's hope for a U.S.-EU agreement before the August 1 deadline. That's sapping safe-haven demand as elevated risk appetite drives capital toward risk assets," said Peter Grant, vice president and senior metals strategist at Zaner Metals. Following this week's U.S.-Japan trade deal, the European Commission said a trade deal with the U.S. is within reach, even as EU members approved counter-tariffs on U.S. goods in case talks fail. On the data front, U.S. jobless claims fell to a three-month low, signaling a stable labor market despite sluggish hiring. Stable labor market data is expected to give the Federal Reserve cover to hold rates steady at 4.25%-4.50% at its meeting next week, even as inflation shows signs of picking up due to U.S. President Donald Trump's import tariffs. Trump's surprise visit to the central bank marked a fresh attempt to pressure Chair Jerome Powell, with the President again urging a deep rate cut. Gold may attract some "buying interest probably at $3,300 level, but perhaps not breaking out to new all-time highs until after the Fed decision," Grant said, adding that the meeting could signal rate cuts later this year. Gold typically performs well during periods of uncertainty and in low-interest-rate environments. Spot silver fell 0.4% to $38.91 per ounce, but was still on track for a weekly gain of about 2%. Platinum was 1.6% lower at $1,385.20, while palladium rose 0.2% at $1,229.94.
Reuters
6 days ago
- Business
- Reuters
Gold drops as dollar firms, trade deal hopes sap safe-haven demand
July 25 (Reuters) - Gold prices slipped on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations that dented safe-haven demand. Spot gold fell 0.7% at $3,343.69 per ounce by 9:31 a.m. ET (1331 GMT). U.S. gold futures fell 0.8% to $3,345.20. The U.S. dollar index (.DXY), opens new tab rebounded from a more-than-two-week low, making bullion more expensive for overseas buyers, while benchmark 10-year U.S. Treasury yields rose. "The Japan deal was significant, and there's hope for a U.S.-EU agreement before the August 1 deadline. That's sapping safe-haven demand as elevated risk appetite drives capital toward risk assets," said Peter Grant, vice president and senior metals strategist at Zaner Metals. Following this week's U.S.-Japan trade deal, the European Commission said a trade deal with the U.S. is within reach, even as EU members approved counter-tariffs on U.S. goods in case talks fail. On the data front, U.S. jobless claims fell to a three-month low, signaling a stable labor market despite sluggish hiring. Stable labor market data is expected to give the Federal Reserve cover to hold rates steady at 4.25%-4.50% at its meeting next week, even as inflation shows signs of picking up due to U.S. President Donald Trump's import tariffs. Trump's surprise visit to the central bank marked a fresh attempt to pressure Chair Jerome Powell, with the President again urging a deep rate cut. Gold may attract some "buying interest probably at $3,300 level, but perhaps not breaking out to new all-time highs until after the Fed decision," Grant said, adding that the meeting could signal rate cuts later this year. Gold typically performs well during periods of uncertainty and in low-interest-rate environments. Spot silver fell 0.4% to $38.91 per ounce, but was still on track for a weekly gain of about 2%. Platinum was 1.6% lower at $1,385.20, while palladium rose 0.2% at $1,229.94.
