Articles for category: Opinion

November 6, 2025

Bay St Signal Editors

Keevil Backs Anglo Bid, Control Questions Rise

The Keevil family, which controls Teck Resources by owning 79.8% of its “super-voting” shares, has approved a $53 billion merger with Anglo American. This share-swap deal will leave Anglo American’s (London-based) investors with a 62.4% majority stake in the new, combined company. Two years ago, Norman Keevil swatted away Glencore’s US$23 billion pitch with “Canada is not for sale.” Today, one of the country’s most diversified miners is headed for foreign control and no one is paying a takeover premium. Shareholders See Thin Value Teck B-share investors get 1.3301 Anglo shares, bang on the market line. There is no 20-

November 4, 2025

Bay St Signal Editors

Canadians Want Foreign Sales of Resources Blocked

With two national polls showing most Canadians want to keep resource companies at home, the proposed US$53 billion Anglo American–Teck Resources merger faces more headwinds. Roughly two-thirds of voters say Ottawa should stop foreign buyers from scooping up Canadian assets, and the Competition Bureau has already opened a review. An Ipsos survey found 64 percent want the federal government to “stop the sale of Canadian companies to all foreign investors.” A KPMG poll of 250 business leaders put support for halting critical-mineral exports to the U.S. at 61 percent, with Ontario dissent topping the poll. Both are stating a majority

October 31, 2025

Bay St Signal Editors

Angola Tables Offer For De Beers Majority Stake

Ownership of Canada’s biggest diamond mine is up in the air again. Anglo American has put a US $4.9 billion price tag on its 85 percent share of De Beers and confirmed on Oct 24 that Angola’s state miner Endiama is in contention. The bid lands while Canada still counts on De Beers to keep Gahcho Kué in the Northwest Territories running until at least 2031 and to finish the C$110 million Snap Lake clean-up now 96 percent complete. Anglo American’s timing looks self-serving. In February it reduced De Beers’ value by US $2.9 billion after back-to-back weak diamond markets,

October 27, 2025

Bay St Signal Editors

Cut Red Tape And Save BC Forestry

British Columbia is choking its own forestry sector by keeping fibre permits locked down. Looser, faster approvals would keep mills open and jobs in Canada. The BC Council of Forest Industries, or COFI, says last year’s harvest slid to 35 million cubic metres, 42 percent below the annual allowable cut, the legal cap and 10,000 jobs vanished. Shrinking Log Pile Sinclar Group just cut output 40 percent at three northern mills, parking 350 direct jobs because fibre was missing, not buyers. In the company’s notice, president Greg Stewart said, “The significance of this action should not be underestimated,” adding that

October 23, 2025

Bay St Signal Editors

Ottawa’s Energy Gambit Meets Capital Reality

Keystone talk is leverage, not a plan. Until Ottawa puts binding project clocks into law and removes self‑inflicted bottlenecks, capital keeps heading south. After a Washington meeting on October 8, 2025, the official readout said leaders saw “material progress” opportunities in steel, aluminum, and energy, with teams told to conclude work in weeks, but it did not name Keystone. That gap matters, because the politics moved faster than the permitting. Follow The Spending, Not Speeches Greg Ebel has already pointed the money south. Bloomberg reported about two thirds of Enbridge’s C$30 billion capital program is going to U.S. projects where

October 22, 2025

Bay St Signal Editors

Gold Rout Exposes Barrick’s Fragile Footing

Gold dropped 6.3 percent yesterday, its sharpest single-day fall since 2013, and the move lands hardest on miners already wobbling. Barrick’s share price now faces the same gravity as the metal because a year of production slips, legal rows and cost creep has left little shock absorber when bullion stumbles. Gold’s $300 slide wiped US$160 billion from global gold-equity value in hours as the US dollar firmed and traders cashed recent gains. Strong Price, Weak Miner Barrick keeps telling investors it is firing on all cylinders, yet the engine misfires. Q2 output came in 16 percent below last year as

October 22, 2025

Bay St Signal Editors

Blind Eye Claims Cloud Anglo Teck Merger

Anglo American’s past failure to police De Beers at Ontario’s Victor diamond mine now threatens its US$70 billion “merger of equals” with Teck. Indigenous advocate Charles Hookimaw warns Ottawa that the company’s record shows promises can slide once regulators approve deals, directly challenging Anglo American’s pledge to honour every Canadian community agreement in its pitch to form Anglo Teck press release, 8 Sept 2025. Proving Commitments Matters Hookimaw, who managed lands and resources for Attawapiskat during the Victor mine’s life, outlined his objections in an early-October letter that Industry Minister Mélanie Joly must review before ruling on the merger’s “net

October 17, 2025

Bay St Signal Editors

With Industries  Moving Away, is Mining Next? The Teck and Anglo Test for Canada

This week, Ottawa threatened legal action after Stellantis said it would move it’s Jeep Compass assembly plant to Illinois. Stallantis made the move while outlining a 13 billion US dollar expansion in the United States. When incentives and politics shift, companies move first and argue about contracts after. With that lens, the Teck and Anglo deal looks like Canada may be trading leverage for scale, a trade that might only work for the country AND shareholders if safeguards are specific and enforceable. The share split, the trust blocks inside Anglo, and the asymmetric voting thresholds all tilt influence toward London.

October 12, 2025

Signal Editorial

The Time is Now for Canada to Defend Critical Minerals from Foreign Acquisition

Canada stands at a crossroads. The world’s demand for critical minerals—the building blocks of electric vehicles, renewable energy, advanced computing, and defence systems—is projected to double by 2030. Yet while other nations scramble to secure these strategic resources, Canada risks squandering a generational advantage through complacency and a reluctance to protect its most vital assets from predatory foreign interests. The time has come for Canada to double down on investing in critical minerals supply chains and implementing robust protections against foreign acquisition of our strategic companies. This is not protectionism—it is prudent national policy in an era where economic security

October 9, 2025

Bay St Signal Editors

Eglinton Crosstown’s Opening Will Reprice Midtown Time and Street Economics

After a decade of shifting dates, the line has finally entered its 30 day revenue service demonstration, a dull phrase that signals the last hurdle before opening and an end to calendar roulette. The core mechanism is simple. Faster, predictable crosstown trips expand feasible commutes, deepen candidate pools for employers, and concentrate everyday errands around stations in ways that typically lift measured productivity and retail capture when travel times fall.  In plain language, time saving transit. A twenty minute swing in a daily round trip turns into two extra errands a week or one more shift accepted, which is the