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Statistics Canada released October’s job numbers on Friday (November 7). The data showed a surprise expansion of the Canadian labor market with the addition of 67,000 new jobs during the month, as well as a 0.2 percent drop in the unemployment rate to 6.9 percent.

This marks the second consecutive monthly increase, following 60,000 new workers entering the market in September. The gains over the two-month period also offset the cumulative 106,000 losses that were recorded in July and August.

The biggest gains came in the wholesale and retail trade sector, which added 40,700 new jobs; followed by transportation and warehousing, which added 29,500; and information, culture and recreation, which added 25,200.

The report comes just days after the federal Liberal Party tabled its first budget since winning the election in April. The budget estimates an initial deficit of C$78 billion in 2025-26, which would slowly decline to C$57 billion in 2030.

The budget places greater focus on nation-building, strengthening climate competitiveness, streamlining government activities and reducing annual operational costs by C$13 billion by 2029, while maintaining critical social supports.

Highlighting the budget is a promise for a C$51 billion investment over 10 years for local infrastructure projects and a C$81.8 billion over five years for defence spending C$72 billion of which will be new money.

On the mining side of the equation, the Mining Association of Canada said on Tuesday (November 4) that it applauds the budget for several measures aimed at the Canadian mining sector.

Among them, C$2 billion over five years will be directed to Natural Resources Canada to create the Critical Minerals Sovereign fund, which will be used to invest in critical mineral projects and companies.

The budget will also move the existing Critical Minerals Infrastructure Fund into the new First and Last Mile Fund, which will focus investment into near-term projects to get them to production sooner, and provide tax measures so companies can write off capital investments more quickly.

The Mining Association also highlighted the proposed expansion of the Critical Mineral Exploration Tax Credit to include an additional 12 minerals, including bismuth, cesium, manganese, tin and tungsten.

Additionally, the budget indicated that its focus on investing in clean technologies and carbon capture to reduce emissions would eventually render oil and gas emission caps unnecessary.

For more on what’s moving markets this week, check out our top market news round-up.

Markets and commodities react

Canadian equity markets were down this week.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) lost just 0.15 percent over the week to close Friday at 29,912.19.

Meanwhile, the S&P/TSX Venture Composite Index (INDEXTSI:JX) had a much more challenging week, falliing 7.63 percent to 885.31. The CSE Composite Index (CSE:CSECOMP) also had a bad week, plunging 7.35 percent to close out the week at 163.51.

The gold price ended the week flat, closing at US$4,000.20 per ounce by 4:00 p.m. EST Friday. The silver price fell slightly, dropping 0.66 percent to US$48.35.

Meanwhile, in base metals, the copper price shed 2.72 percent to US$5.01 per pound.

The S&P Goldman Sachs Commodities Index (INDEXSP:SPGSCI) fell 0.2 percent to end Friday at 553.62.

Top Canadian mining stocks this week

How did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stocks data for this article was retrieved at 4:00 p.m. EST on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market caps greater than C$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Quarterback Resources (CSE:QB)

Weekly gain: 160 percent
Market cap: C$11.36 million
Share price: C$1.3

Quarterback Resources is an exploration company focused on exploring the Twin gold property in Northwest British Columbia, Canada.

The project is located in the Omineca Mining District near Fort St. James, and consists of 16 mineral claims covering 11,110 hectares. The site has a history of mineral exploration dating back to the 1970s, including 109 drill holes.

Quarterback holds an option to acquire a 100 percent stake in the property through an earn-in agreement in exchange for C$800,000 in cash payments and C$4.74 million in exploration expenditures over a six-year period.

According to a technical report released in November 2024, the company relogged three of the historic holes from the Takla-Rainbow zone, with one hole returning a grade of 2.26 parts per million (ppm) gold, 2.15 ppm silver and 0.19 percent copper over 22.52 meters.

Shares in Quarterback were up significantly this week. Its most recent news came on Wednesday (November 5) when it filed its monthly progress report on the Canadian Securities Exchange website. The company noted that it was proceeding with a Phase 1 exploration program, which is planned to include LIDAR and induced polarization surveys.

2. Mont Royal Resources (TSXV:MRZL)

Weekly gain: 62.5 percent
Market cap: C$47.55 million
Share price: C$0.26

Mont Royal Resources is an Australia-based exploration company focused on a trio of projects in Québec, Canada. The company began trading on the TSXV on November 5 following a merger with Canada-based Commerce Resources.

The merger combined Commerce’s Ashram rare earth and flourspar project and Eldor niobium projects, with Mont Royal’s existing Northern Lights gold-copper-lithium project, all of which are located in Quebec.

In the October 22 news release announcing the completion of the merger, it stated its core focus would be on the Ashram rare earth and flourspar project and that the deal provided a compelling opportunity to establish a new source of rare earths in North America.

Ashram, located near Nunavik, Quebec, has received more than AU$50 million in investment for exploration activities, development studies and resource definition.

According to the project page, a mineral resource estimate from April 2024 produced an indicated resource grading 1.89 percent total rare earth oxides (TREO) and 6.6 percent fluorspar from 73.2 million metric tons of ore.

Although the company did not release project news this week, two of its projects contain minerals that were added to the CMETC as part of the fall budget.

3. Royalties Inc. (CSE:RI)

Weekly gain: 38.46 percent
Market cap: C$11.36 million
Share price: C$0.09

Royalties is focused on building cash flow through the acquisition of mineral and music royalty assets.

The company has a 100 percent interest in the Bilbao silver property in Zacatecas, Mexico, which hosts silver, zinc and lead deposits. As silver prices improve, the company is seeking to monetize the property.

In June, the company reported that its subsidiary, Minera Portree, won its lawsuit against Capstone Copper (TSX:CS,OTC Pink:CSCCF), asserting its ownership of a 2 percent net smelter return royalty on five mineral concessions at the Cozamin copper-silver mine in Zacatecas.

The protracted legal dispute began after Capstone re-assigned the royalty to itself through a 2019 contract without informing or paying Minera Portree.

Under the terms of the judgment, the 2 percent NSR will revert back to Minera Portree along with royalties for the exploitation of concessions between 2002 and 2019. The amounts for those royalties will be set at the execution phase. Capstone Gold is also ordered to pay royalties from the Portree 1 concession from August 2019 to present.

While Capstone appealed the decision, Royalties announced on Thursday (November 6) that an appellate court had upheld the original June decision, deeming the appellant’s arguments inoperative and inadmissible.

4. Africa Energy (TSXV:AFE)

Weekly gain: 31.82 percent
Market cap: C$64.69 million
Share price: C$0.145

Africa Energy is a South Africa-focused oil and gas exploration and development company.

Its flagship asset is Block 11B/12B located approximately 175 kilometers off the south coast of South Africa. The block covers an area of 18,734 square kilometers and depths between 200 meters and 1,800 meters.

It holds a 4.9 percent interest in the asset through its investment in Main Street 1549, a 49/51 joint venture with Arostyle Investments. The three other partners in the asset announced plans to withdraw from the Block 11B/12B joint venture in July 2024, and announced a definitive agreement for the new ownership structure of the Block 11B/12B asset in May of this year.

The restructuring would result in Africa Energy holding a 75 percent stake in the block, with Arostyle Investments holding the remaining 25 percent. This is contingent on the asset being granted the production rights, which requires approval of its environmental and social impact assessment.

Shares in Africa Energy were up this week. Its most recent news came on October 9, when it provided an operational update from Block 11B/12B. The company announced that it had been granted an extension to submit its environmental and social impact assessment until May 4, 2026.

5. Highland Critical Minerals (CSE:HLND)

Weekly gain: 26.87 percent
Market cap: C$79.73 million
Share price: C$4.25

Highland Critical Minerals is an exploration company focused on advancing its flagship Church lithium property in Ontario, Canada.

The project, located near Thunder Bay, Ontario, is situated within the Quetico region. A preliminary exploration program at the property conducted in August 2023 discovered five pegmatites hosting quartz, feldspar and muscovite and returned high lithium grades up to 3 percent lithium dioxide.

In addition to Church, Highland has been working to acquire other critical mineral properties, with the most recent announced on Friday. In the news release, the company said it had entered into a binding letter of intent to acquire mining claims covering 3,138.874 hectares in the Yathkyed Lake Greenstone Belt in Nunavut, Canada, expanding Highland’s critical mineral portfolio.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of May 2025, there were 1,565 companies listed on the TSXV, 910 of which were mining companies. Comparatively, the TSX was home to 1,899 companies, with 181 of those being mining companies.

Together, the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Rich Checkan, president and COO of Asset Strategies International, shares his thoughts on the recent pullback in gold and silver prices, emphasizing that both still have room to run.

In his view, silver is set to outpace gold in 2026.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) (the ‘Company’, or ‘Surface Metals’) has granted 250,000 options priced at $0.255 to a consultant, and directors and officers have voluntarily surrendered 499,999 options issued on April 14, 2022 at $3.84 (post consolidation).

As per the press release announced on October 29th, 2025, IDR Marketing Inc. ‘IDR’, has been retained for a six month period commencing October 29th to provide public relations strategies, brand awareness, financial and digital marketing services to the Company. IDR is a California Corporation with its registered office located at 100 Oceangate, 12th Floor, Long Beach, CA, USA, 90802. Its principal and president is Linda Josey, an arm’s-length party. Contact details: linda@idrmarketing.com (562) 343-7483.

IDR Marketing Inc. is an independent ad agency providing full-scale integrated marketing and advertising services. Clients trust IDR for brand strategy and awareness, digital marketing, social media and advertising, newswire distribution, article marketing,

About Surface Metals Inc.

Surface Metals Inc. (CSE: SUR,OTC:SURMF) (OTCQB: SURMF) is a North American mineral exploration company focused on advancing a diversified portfolio of gold and lithium projects in Nevada, USA, and Manitoba, Canada. The Company’s Cimarron Gold Project is located in Nye County, Nevada, in a historically productive gold district. Surface’s Clayton Valley Lithium Brine Project hosts an inferred resource of approximately 302,900 tonnes LCE adjacent to Albemarle’s Silver Peak Mine. Surface Metals is also advancing lithium projects in Fish Lake Valley, Nevada, and through a joint venture with Snow Lake Energy in southeastern Manitoba.

On behalf of the Board of Directors

Steve Hanson
Chief Executive Officer, President, and Director
Telephone: (604) 564-9045
info@surfacemetals.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws (‘forward-looking statements’). Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273738

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

Any optimism either side of the aisle had that the government shutdown could end this week appeared to fade on Capitol Hill, as Senate Democrats appear ready to hold out longer for a deal on expiring Obamacare subsidies.

Senate Democrats left another long closed-door caucus lunch on Thursday, signaling a unified front as the shutdown entered its 37th day amid Republican demands to make a deal to reopen the government.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus are still riding high after a successful Election Day Tuesday that saw Democratic candidates pummel their Republican opponents. While there are bipartisan talks among centrist Senate Democrats and Republicans on a way out, the majority of the caucus appeared ready to hold the line.

‘We had a very good, productive meeting,’ Schumer said as he exited the lunch.

Others espoused messages of unity among the ranks and bristled that they were holding out from reopening the government.

‘It’s not about holding out,’ Sen. Elizabeth Warren, D-Mass., said. ‘We fight for access to healthcare for millions of people across this country. Affordability is a giant issue for American families. They told us that at the polls on Tuesday, but they tell us that every day of their lives.’

Senate Majority Leader John Thune, R-S.D., plans to put the House-passed continuing resolution (CR) on the floor again Friday to test Democrats’ resolve. It’s expected they’ll block the bill once again.

Thune and Republicans have remained firm in their position that the Obamacare issue would be considered after the government reopens, and he has offered Senate Democrats a vote on the matter, which is also expected to fail.

But Senate Democrats demand that President Donald Trump get involved and negotiate a deal on the expiring subsidies. Democrats also brushed aside comments from House Speaker Mike Johnson, R-La., who earlier in the day said he would not promise a vote in the House on the expiring subsidies.

‘I can tell you that Mike Johnson is only going to do what one person tells him, and that one person is Donald Trump, who has declared himself basically the Speaker of the House,’ Sen. Jacky Rosen, D-Nev., said.

Still, Senate Republicans hope that Senate Democrats will accept the offer, along with the plan to pair the CR with a trio of spending bills to jump-start the government funding process.

‘I think the clear path forward here with regard to the [Obamacare] issue, open up the government, and we head down to the White House and sit down with the president and talk about it,’ Thune said. ‘But I just, right now there is hostage taking, as you all know. The consequences are getting more pronounced.’

There is also the question of whether the Senate stays in over the weekend ahead of a scheduled recess for Veterans Day next week.

Senate Democrats want to remain, but Republicans aren’t keen to stick around unless there are signs of real progress toward reopening the government.

‘I do expect to be here this weekend,’ Sen. Gary Peters, D-Mich., said.

This post appeared first on FOX NEWS

One year ago, Donald Trump won a transformative election victory, sweeping all seven swing states, the popular vote, and moving all fifty states redder than they were in 2020.

How did he do it?

By motivating men, young men in particular, and sports fans who were fed up with the insanity of men winning women’s sports championships. I wrote about the victory in my new book, ‘Balls,’ which was released on Tuesday.  

The book addresses the landslide Trump victory, but it also asks an important question when looking forward prospectively: Now that Trump, unfortunately, isn’t able to run for reelection, how do Republicans ensure that the Trump MAGA coalition extends, and even grows, beyond his own presidency?

In 2024, the two most conservative voting groups in America were male senior citizens and young men under the age of thirty.

This has never happened before in any of our lives.

It was a cultural transformation overnight.

Trump also won record support among White, Black, Asian and Hispanic men as well, but that same momentum didn’t extend to 2025. Indeed, Tuesday’s voting results paint an ominous picture of what 2026 and 2028 could look like if young men aren’t motivated to show up and vote like they did in 2024. 

Consider the numbers: in 2024, Trump received 1.968 million votes in New Jersey and 2.075 million votes in Virginia. While he lost both states by narrow margins to Kamala Harris — by roughly 5% — he received more votes than the Virginia Democrat candidate for governor, Abigail Spanberger — who won Virginia with 1.961 million votes — and the New Jersey Democrat candidate for governor, Mikie Sherrill — who won New Jersey with 1.792 million votes. 

So how did both Democratic gubernatorial candidates win election comfortably despite receiving fewer votes than Trump did in their states a year ago? Yes, partly because it was an off-year cycle and overall turnout trended down, but they won comfortably because roughly 600,000 Trump voters didn’t show up to vote in 2025 who did show up to vote in 2024.

Who are these voters?

Young men, sports fans, blue collar workers, the Trump MAGA base that will come out to support Trump when he’s on the ballot, but won’t show up when he’s not on the ballot.

So will these voters return in 2026 and in 2028 when Trump isn’t on the ballot? That depends on how well future Republican candidates speak to these voters. Some of y’all will think I’m crazy for telling you this, but as soon as the 2026 mid-term elections are over, expect a pivot so rapid it will make your head spin — Democrats in 2027 will all argue that Trump’s unique political gifts end with him, that MAGA is over without Trump as its leader. Yep, from ‘He’s Hitler!’ to ‘He’s the most talented Republican president in any of our lifetimes,’ almost overnight.

I’m telling you, it’s coming.

Because Democrats are going to bank on Trump as a political unicorn, a candidate so talented that only he could power a coalition as substantial as he won in 2024.

So what do Republicans need to do to extend and even grow Trump’s appeal with young men? I think it’s a combination of three things, wed the policy and the personal together, as Trump has been uniquely talented at doing.

1. On the policy front, the 2024 election was about the economy, the border, and crime

It was as easy as EBC.

Trump won the arguments on all three of these fronts. So far, Trump 2.0 has ended the border as an issue by ending illegal immigration and driven crime down to record lows in many states and cities. His challenge on the economy is that Biden was so bad, it’s taking time to clean up his mess. With record high stock prices and record low gas prices, Trump is delivering for all of us with stock market assets and all of us who have to fill up our tanks.

But there’s a lingering anger over how much goods cost. Even I feel it each time I buy a Chick-fil-A meal for my family and it costs over $50. For fast food, really!

Prices went up so fast under President Joe Biden that the sticker shock is still real even in 2025. Trump has stopped the rapid price increases and, in the case of some purchases like gas, has actually brought them back lower than they were during Biden, but that bitter aftertaste of inflation takes time to wear off.

So far it hasn’t.

2. Focus on men in women’s sports

Is it the most important issue in the country?

No.

But it crystallizes the absurdity of Democrat policies for young men and sports fans, who provided the fuel to Trump’s record win in 2024.

If you believe a man should be able to win a women’s sports championship, how can I trust your opinion on anything? As I wrote in ‘Balls,’ this issue, combined with EBC, won Trump the election in 2024. 

I think that will still be the message in 2026, too, because, amazingly, Democrats have doubled and tripled down on defending men in women’s sports all over the country.

This issue isn’t going away.

3. HAVE FUN and BE ENTERTAINING.

My two favorite moments of the 2024 campaign were when Trump dressed up as a McDonald’s employee and as a garbage man and rode around in a garbage truck.

Was it absurd and ridiculous?

Of course.

But the number one gift Trump has that he receives zero credit for is this: HE’S FUNNY!

Yes, politics are serious. But they should also be fun. Trump is a happy warrior and happy warriors win.

The two most successful Republican presidents of my life were Ronald Reagan and Donald Trump. Both were, in many respects, professional entertainers. They knew how to cut through the noise and were authentic in the way they did so.

Trump isn’t perfect, none of us are, but he’s the most comfortable president in his own skin that any of us have ever seen and he has tremendous political instincts.

You can spend a hundred million on an ad campaign and not get the free media attention that Trump did, scooping out fries and talking with voters at the drive-thru in Pennsylvania. That style of politicking is unbeatable. Heck, I would argue the best version of Trump is the one you get in fast food restaurants. He genuinely loves getting out and interacting with people. That’s a skill that can’t be taught, but it can be emulated.

We used to ask the question, which candidate would you rather have a beer with? While Trump doesn’t drink — as he’s jokingly said, can you imagine what he’d say if he drank? — he’s authentic and real. As artificial intelligence takes over much of the country, I believe authenticity will become the most important political key to the realm.

Young people in particular, who are steeped in social media artificiality fed to them constantly on their phones, have an innate sense of when they’re being poll-tested and marketed to, they sniff it out better than older voters.

If you want them to show up and support you, you have to win their trust.

Which is why I truly believe the election was over when it came to male voters when Trump was shot in Butler, Pennsylvania.

In that moment, having escaped death by half an inch, Trump, whose critics had labeled him a phony, rose up and screamed, ‘Fight, fight, fight!’ three times. At that instant, the election was over for male voters.

It was the bravest presidential moment of my life.

But it was also one of the most authentic.

In times of great peril, your own personal character is revealed. In those perilous milliseconds, Trump became a legend and won the election.

He proved once and for all he had ‘Balls.’

And so far no Democrat has proven that they do.

So long as that remains the case, Republicans aren’t going to lose men.

Which is why the best example of an oxymoron in America today isn’t ‘jumbo shrimp,’ it’s ‘masculine Democrat.’

Because after all, there are certainly big shrimp, but there are still no masculine democrats.

Clay Travis is the author of the new book, ‘Balls: How Trump, Young Men and Sports Fans Saved America.’ Buy it here.

This post appeared first on FOX NEWS

A Democratic lawmaker is backing the Trump administration’s decision to reduce air traffic as a consequence of the ongoing government shutdown.

Rep. Greg Stanton, D-Ariz., said, ‘Safety must always be the highest priority’ for the aviation industry in a statement on Thursday evening.

‘The decision by Secretary Duffy to reduce flights at America’s 40 busiest airports is the right call for the safety of the flying public,’ Stanton wrote on X. ‘Now it’s critical that Republicans and Democrats get together and reach a bipartisan agreement on a plan to reduce health costs and end the shutdown.’

He concluded, ‘Arizona deserves better, and so do the hardworking professionals who keep our skies safe.’

Friday marks the 38th day of the government shutdown. Bipartisan Senate efforts to end the standoff have still not produced a clear off-ramp.

Thousands of federal employees have been furloughed as agencies and critical programs run low on funds, while government workers deemed ‘essential’ have been forced to work without pay for weeks.

People in the latter group include air traffic controllers and Transportation Security Administration (TSA) officers, many of whom have been forced to take second jobs and call out sick to make ends meet.

Transportation Secretary Sean Duffy and the Federal Aviation Administration (FAA) directed a 4% reduction in air traffic across 40 of the busiest airports in the U.S., taking effect on Friday.

That reduction will gradually ramp up to 10% by Nov. 14 if the shutdown does not end by then.

An emergency order issued by the FAA said the reduction would ensure the National Airspace System could ‘maintain the highest standards of safety’ amid shortages fueled by the shutdown.

That includes Phoenix Sky Harbor International Airport, the largest airport serving Stanton’s district.

Stanton’s nearby 4th Congressional District encompasses parts of Phoenix and its surrounding suburbs, including portions of Tempe and Mesa.

Back in Washington, whose two main airports are also affected by the reduction order, Democratic leaders are still publicly insisting that any funding deal be paired with an extension of COVID-19-era enhanced Obamacare subsidies that are set to expire at the end of this year.

Republicans have argued against partisan policy riders in a funding bill to end the shutdown.

Stanton was among the House Democrats who voted against the GOP’s funding proposal when it passed the House on Sept. 19.

This post appeared first on FOX NEWS

Senate Democrats for years have warned of the negative side effects of government shutdowns that would largely affect their priorities, but as the shutdown drags on, they find themselves in direct opposition to their own pet projects. 

‘There’s a tremendously twisted irony,’ Sen. Cynthia Lummis, R-Wyo., told Fox News Digital.

John Feehery of EFB Advocacy, who served as press secretary to former Republican House Speaker Dennis J. Hastert, said, ‘The most unbelievable thing’ about the shutdown is Democrats ‘hurting their own constituents.’

‘Democrats never shut the government down. This is the first time they’ve ever done this. I mean, they’ve let the Republicans shut the government down, but they’ve never done it on purpose,’ he said.

As Senate Democrats have pushed the shutdown into the longest on record, they still aren’t ready to reopen the government, even as millions who rely on food stamps from the Supplemental Nutrition Assistance Program (SNAP) are only set to get partial benefits.

Senate Minority Leader Chuck Schumer, D-N.Y., and his caucus have remained firm in their demand that they get a guarantee to extend expiring Obamacare premium subsidies in exchange for their votes to reopen the government.

Democrats have blasted President Donald Trump and his administration for threatening to not fund federal food benefits. Earlier this week, Trump said that food stamps would not be funded despite a court order requiring that they at least be partially paid for.

‘They’re the ones who shut down the government,’ Lummis said. ‘They won’t reopen it, and so they got nothing to complain about. It’s within their control to reopen the government. It’s in their control.’

His administration has since changed course, however, and announced in a memo from the U.S. Department of Agriculture that Americans that rely on the benefits would receive 65% of their typical allotted amount. A federal judge then ordered the administration to fully fund food benefits by Friday. 

‘We’re finding out that it’s hurting the union workers, it’s hurting air travelers, it’s hurting people who rely on food stamps. I mean, it’s hurting Democrats,’ Feehery said. ‘Their higher priority is showing that they’re tough against Trump, and they’re more than happy to use their constituents as cannon fodder.’

Democrats acknowledge that the pain of the shutdown can’t be ignored but remain firm that their fight to extend the healthcare subsidies is one worth having.

‘Shutdowns suck. I want it over here, but I don’t think we have fully come to recognize how much pain is going to exist in this country when 4 million people lose their healthcare insurance,’ Sen. Chris Murphy, D-Conn., said. ‘That’s as devastating, if not more devastating, in the long run, than the pain people are feeling this month.’

Julian Epstein, former chief counsel for House Judiciary Committee Democrats, told Fox News Digital that Republicans had an opportunity to seize the narrative on healthcare.

‘If I were advising Trump, I would tell him to make the case in an Oval Office address that the Democrats are voting to close the government and that it’s the Republicans that want to open it. The president should also lay out his vision for controlling healthcare premiums,’ Epstein said. ‘Voters are starting to tune out the invective from both sides, and all the noise. They want a clear plan for their economic concerns.’

And Feehery similarly argued Republicans should take their moment on healthcare, pointing out that Democrats are effectively delaying the discussion on Obamacare by prolonging the shutdown.

‘If Republicans were smart, they would be talking about why Obamacare is fundamentally broken and how to fundamentally change that. But Republicans don’t really like to talk about healthcare, which is kind of annoying,’ he said. ‘But yeah, I do think that the fact that it’s gone past the [Nov. 1 open enrollment] deadline has made this even more complicated.’

There is a sense on Capitol Hill that the shutdown could be coming to an end, but Republicans contend it will be up to Senate Democrats.

A dozen centrist Democrats are mulling an offer from the GOP that would guarantee a vote on the expiring subsidies after the government reopens, coupled with the House-passed continuing resolution (CR) and a trio of spending bills to jump start the government funding process.

But many in the caucus say that’s not enough, and demand that Trump sit down and meet with Schumer and House Minority Leader Hakeem Jeffries, D-N.Y., to hash out a deal.

Democrats also believe that Republicans are feeling the heat from Tuesday night’s elections, where Democratic candidates swept their Republican opponents in statewide elections, and they point to comments Trump made that the shutdown was hurting the GOP.

Sen. James Lankford, R-Okla., contended that what Trump meant was Democrats were using the shutdown ‘to fire up their base.’

‘But I think it’s also incredibly sad that SNAP recipients and federal workers and their families and Head Start families all had to go without so they could help the New York City election,’ Lankford said. ‘And that’s pretty sad.’

Meanwhile, Rep. Andy Barr, R-Ky., who is running for U.S. Senate in Kentucky, told Fox News Digital, ‘Every day the Schumer Shutdown drags on, Americans pay the price — missed paychecks, canceled flights, and threats to public safety. Democrats aren’t helping anyone, they’re sowing chaos and achieving nothing.’

Still, Democrats largely remain firm that the only off-ramp they want starts at the White House.

‘Shutdowns are terrible. I mean, I don’t know what to tell you,’ Sen. Bryan Schatz, D-Hawaii, told Fox News Digital. ‘It’s really awful what people are going through. And the only way out of this is a negotiation.’

This post appeared first on FOX NEWS

North Korea launched a ballistic missile off its east coast Friday, just days after U.S. War Secretary Pete Hegseth wrapped up a visit to South Korea focused on deterring Pyongyang and reinforcing the alliance between the two countries.

South Korea’s Joint Chiefs of Staff said the suspected short-range missile was fired from an inland area around the western county of Taekwan toward the East Sea, traveling roughly 435 miles. The launch was reported by Reuters and The Associated Press, citing military officials in Seoul and Tokyo.

No injuries or damage were reported, Japanese Prime Minister Sanae Takaichi said. Seoul’s military added that it had detected signs of preparations before the launch and was monitoring additional activity in the area, according to The Associated Press.

Reuters reported that North Korea has conducted several missile launches in recent weeks, including systems it claims are ‘cutting-edge’ strategic weapons.

During his three-day visit to South Korea on Nov. 4, Hegseth spoke to reporters following annual security talks with South Korean Defense Minister Ahn Gyu-back in Seoul and said he was ‘greatly encouraged’ by Seoul’s commitment to increasing defense spending and investing more heavily in its own military capabilities. He said both allies agreed that these investments would strengthen South Korea’s ability to take the lead in conventional deterrence against its northern adversary.

Hegseth added that President Donald Trump’s decision to support South Korea’s plans to build nuclear-powered submarines was driven by his desire to have strong allies. ‘And because Korea has been a model ally, he’s open to opportunities like that, that ensure they have the best capabilities in their own defense and alongside us as allies,’ he said.

The United States and South Korea have maintained close military coordination as Pyongyang accelerates its weapons testing program. Hegseth’s visit was meant to reaffirm U.S. commitment to the alliance and emphasize deterrence against North Korea. His remarks in Seoul echoed earlier statements that the alliance will stay focused on deterring North Korea.

When asked whether the 28,500 U.S. troops stationed in South Korea might be used in conflicts beyond the peninsula, including with China, Hegseth said that protecting against nuclear-armed North Korea remains the alliance’s primary goal. ‘But there’s no doubt that flexibility for regional contingency is something we would take a look at,’ he told reporters.

Friday’s launch underscores the fragile security situation on the peninsula and highlights ongoing tensions as North Korea continues to expand its missile capabilities. Both Seoul and Tokyo said they are analyzing the launch in coordination with the United States.

Reuters and The Associated Press contributed to this story.

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Fertilizer prices remained elevated in Q3 compared to both the first half of the year and the end of 2024.

Potash prices surged at the start of the year as the Trump administration threatened tariffs on Canada, the top supplier to US farmers. During the third quarter, prices were 20 percent higher than at the end of last year.

Meanwhile, phosphate prices continued to climb through Q3 on the back of supply shortages, spurred by export restrictions from top producer China. Prices were further influenced by US tariffs.

What happened to phosphate and potash prices in Q3?

According to data from the World Bank, the average quarterly phosphate price rose to US$770.60 per metric ton (MT), up from US$673.20 in Q2, and significantly higher than the annual average of US$563.70 in 2024.

On a monthly basis, phosphate climbed to US$736 in July, then climbed to a three year high of US$795.10 in August. Since then, the price has fallen to US$780.63 in September and US$754 in October.

The quarterly average for potash fell slightly in Q3 to US$352.20 per MT, down from US$359.20 the previous quarter, but remained higher than US$283.90 in the last quarter of 2024.

On a monthly basis, potash prices eased to US$362.50 in July, and continued to fall to US$356.50 in August. They sank further to US$352.50 in September and US$352 in October.

What factors impacted phosphate in Q3?

Phosphate prices have been primarily influenced over the last several years by export restrictions from China, which have declined to 6.6 million MT in 2024 from 9 million MT in 2021. The restrictions were put in place to protect the domestic supply, and while the hope was that they would eventually ease, that hasn’t happened.

“As expected, their exports started to arrive in July to September; however, the government had a self-imposed October 15 cutoff date for export submission. That date came and went without an extension, so now the belief is their flows will slow to a crawl very soon,” he said. The situation may face additional headwinds, as China has imposed more restrictions on key battery technologies and precursors for phosphate-based batteries. These restrictions will add to demand for ex-China supply as the agricultural sector competes with battery makers for a limited supply of phosphate.

Demand for phosphate is also high, particularly from India, which has been working to increase its stockpiles since the end of 2024, when they reached a low of 1.1 million MT. However, stockpiles had more than doubled to 2.4 million MT at the start of October, with imports climbing to 4 million MT during the April to September period.

Much of the demand has been covered by supply from Saudi Arabia and Morocco, which signed several offtake agreements with Indian importers in July. “They were a major driver of higher prices for much of 2025 as they played catch up on stockpiles, and have finally reached a comfortable number of tons, which has allowed them to slow their desperate pace. The slower demand pace has allowed the market time to breathe/correct lower,” Linville said.

For US-based farmers, supply isn’t the only issue.

On August 7, a host of new tariffs as high as 25 percent were applied to phosphate imports, including from Saudi Arabia, which accounted for 54.7 percent of imports during the first five months of the year. Although there were some concerns that higher prices could prompt farmers to rethink their strategy, Linville hasn’t seen that materialize either.

With reports that farm yields this year have been higher, it may prompt farmers who have been on the fence about a fall application of phosphate to reconsider, as a significant yield would indicate some phosphate soil depletion.

“While still spoty, we are continuing to hear reports that phosphate demand is better than expected,” he said.

However, Linville noted that a surge in last-minute demand it could make supplies tighter and limit the ability for phosphate to make it onto the fields.

What factors impacted potash in Q3?

Linville said potash news was quiet during the quarter, pointing to stable prices and a well-supplied market.

In July, BHP (ASX:BHP,NYSE:BHP,LSE:BHP) announced it was delaying the opening of its Jansen mine in Saskatchewan. It was initially slated to start production in 2026, but has instead moved its timeline back to 2027 and is also considering pushing the second phase to 2031, citing cost overruns that have ballooned to US$7 billion.

Although potash has so far escaped US tariffs, Linville noted some concern following Ontario’s anti-tariff ad, which ran in the US during the World Series. “We continue to hope/believe that potash will be left alone as part of the North America Trade agreement. Assuming potash is left alone, markets should continue as normal; however, if we start seeing barriers to entry, US farmers will likely bear the brunt of most/all of those tariffs,” he said

Potash and phosphate price forecast for 2025

While potash markets remain stable, phosphate markets are much more dynamic.

Unless there is a significant shift in China’s exports, supply should remain tight. In his most recent weekly update on November 5, Linville noted that the situation could become dire for US consumers before the end of the year.

“We continue to advise our people that if they decide they need phosphate after all, do not wait to lock it up. Days very well may matter. Heck, hours might matter. Supplies are tight and can ill-afford a sudden demand jump,” he wrote.

Additionally, markets are likely to become further strained in the years to come as limited supply meets increased demand from outside the agricultural sector.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

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