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30 October 20265 Mins read

PRE-OPEN Canadian futures fell alongside Nasdaq futures after Amazon signaled continued heavy AI investment and Intel warned of ongoing cash burn, raising questions over AI-driven returns. Global markets are lower as renewed concerns over AI spending pressured technology stocks.

Canada

 

 

 

 

 

Statistics Canada is due to release August GDP data. Economic growth is expected to rise 0.2% month on month after being unchanged in the previous month. Separately, Canada will report its August budget balanceafter recording a deficit of C$4.77 billion in July. The year-to-date budget deficit stood at C$5.14 billion in the previous reading.

European Commission President Ursula von ​der Leyen said the EU and Canada continue to explore Canada becoming the union's first "associate member," a term so divisive among ‌member countries that it does not appear in a joint declaration.

 

Mink Ventures Corporation (TSXV: MINK) announced a non-brokered private placement for aggregate gross proceeds of up to $750,000 (the “Offering”). The Offering will consist of the sale of hard dollar units (the “HD Units”) of the Company at a price of $0.08 per HD Unit and flow-through units (the “FT Units”) of the Company at a price of $0.105 per FT Unit.

The Company plans to use the net proceeds raised from the sale of the HD Units and FT Units under the Offering for the exploration, drilling, and advancement of its 115 km2 critical minerals project portfolio located within the prolific Timmins Camp. All programs are permitted and, subject to funding, include; conducting VTEM at its Montcalm nickel (Ni), copper (Cu), cobalt (Co) project, diamond drilling at its Warren Cu Ni project and the Rankin Cu Ni project and, in respect of the HD Unit proceeds, for general working capital purposes.

Each HD Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant shall entitle the holder thereof to acquire one (1) common share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.16.

Each FT Unit will consist of one Common Share of the Company to be issued as a “flow-through share” (a “FT Share”) and one Common Share purchase warrant (“FT Warrant”). Each FT Warrant shall entitle the holder thereof to acquire one (1) common share of the Company for a period of thirty-six (36) months from the date of issuance at an exercise price of $0.16. Visit: https://minkventures.com/


 

Altura Energy Corp. (TSXV: ALTU) (OTCQB: ALTUF) (FSE: Y020) is continuing to work with its strategic investor (the "Investor"), a leading Southeast Asian conglomerate, to complete its $3 million (CDN) non-brokered private placement of units (the "Offering") into the Company.

The Company has obtained the conditional acceptance of the TSX Venture Exchange to complete the Offering. The Investor has received approval from its local Ministry of Finance and is awaiting approval from its state bank before it can move forward with closing of the Offering. The Company has obtained approval from the TSX Venture Exchange to extend the deadline for completion of the Offering through until November 30, 2026.

As a reminder, the Offering consists of 18,541,400 units of the Company at a price of $0.1618 per Unit for gross proceeds of $3 million (CDN). Each Unit consists of one common share and one common share purchase warrant (a "Warrant") exercisable at $0.25 for 36 months from closing. Upon completion of the Offering, the Investor will have the right to nominate one member to the board of directors of the Company. For further information concerning the terms of the Offering, readers are encouraged to review the news release issued by the Company on July 28, 2026.


 

GoldHaven Resources Corp.  (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) announce that its inaugural 2026 diamond drilling program at its flagship Magno Project in northwestern British Columbia has reached approximately 3,000 metres, with exploration advancing across its high-grade silver-lead-zinc and tungsten targets.

Recent drilling at D Zone has encountered multiple intervals of semi-massive to massive sulphide mineralization, further advancing GoldHaven's exploration of a silver-lead-zinc system sharing key geological characteristics with Coeur Mining's Silvertip deposit. Drilling continues across additional targets, with laboratory assays pending. www.GoldHavenresources.com


 

Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) announce that it has closed a non-brokered private placement financing (the “Offering”) with institutional support for aggregate gross proceeds of approximately C$9,800,000. Under the Offering, the Company issued 6,057,000 common shares in the capital of the Company (the “FT Shares”) at a price of C$1.62 per FT Share. Each FT Share qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). No warrants were issued and no finder’s fees or commissions were paid in connection with the Offering.

Mr. Roger Rosmus, Founder & CEO of Goliath Resources states:“We welcome the continued support from the institutional community for our grassroots high-grade Surebet Gold Discovery at our Golddigger Property located in the Golden Triangle. The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with ~C$27.5M in cash going into 2027 and our planned exploration drill program. We look forward to announcing assays on the 55 holes that are still pending from the 2026 drill program once received, compiled and interpreted. In the interim, please check out our new Surebet Discovery Interactive 3D Model: https://got.terrahutton.io/”


 

NSJ Antimony Corp. (CSE: NSJ) (FSE: 9PZ0) announces it has closed the Flow-Through financing. NSJ issued 1,363,636 Flow-Through common shares at $0.66 for gross proceeds to the Company of $899,999.76. The net proceeds received from the Offering will be used by the Company for exploration and development activities on its Antimony 2.0 Property. All shares issued have a 4 month plus 1 day hold from date of closing. NSJ paid a finders fee of $72,000 to Castlewood Capital Corporation.


 

StrikePoint Gold Inc. (TSXV: SKP) (OTCID: STKXF) announce that it has commenced drilling at the Northumberland Gold Project ("Northumberland" or the "Project").

StrikePoint has mobilized NISS Global who is providing a core rig to Northumberland to commence the Company's initial phase of drilling. The goals of the initial phase of drilling for the project include mineral resource expansion and infill drilling, as well as metallurgical sampling across the extensive mineralized Carlin-style gold system at Northumberland.

Northumberland hosts a mineral resource of 2.86 million gold equivalent ounces grading 1.33 g/t AuEq in the indicated category with an additional 1.57 million gold equivalent ounces grading 1.58 g/t AuEq in the inferred category, as detailed in Table 1 attached below. For further information on the Northumberland Gold Project, please visit www.strikepointgold.com.

Michael G. Allen, President and CEO of StrikePoint, said, "We're pleased to have commenced drilling at Northumberland and for the opportunity that this asset represents for our shareholders. The infill drilling is intended to upgrade our confidence in the current mineral resource estimate, which remains open to expansion in a number of directions, and provide new samples for metallurgical optimization. As additional drills arrive, we'll look to expand into exploration on several priority but, as yet, largely untested targets."


 

Tiger Gold Corp. (TSXV: TIGR) (FSE: D150) (OTCQB: TGRGF)  report assay results from hole CEDDH-022 from its Ceibal target at its Quinchía Gold Project in Colombia's prolific Mid-Cauca gold belt. Ceibal lies 1 kilometre south of the Miraflores deposit and 1 kilometre southwest of the Tesorito deposit.

Ceibal drilling is intended to support a maiden Mineral Resource estimate, as part of an expanded PEA for the Quinchía Gold Project

"CEDDH-022 carried gold mineralization from surface to the bottom of the hole and provides key drill data as we define the mineralized system at Ceibal," commented Robert Vallis, President and CEO. "CEDDH-029 takes a 175-metre step-out to the southwest along this line to test for an extension to this exciting gold target. Drilling continues with three rigs as we work diligently toward a maiden Mineral Resource estimate with an updated PEA.”

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321491


 

Viridian Metals Inc. (CSE: VRDN)(OTCQB:VIRMF) announce a non-brokered private placement (the "Private Placement") for aggregate gross proceeds of up to $5,000,000, consisting of any combination of: (i) flow-through units of the Company (each, an "FT Unit") at a price of $0.80 per FT Unit; and (ii) non-flow-through units of the Company (each, an "HD Unit" and, together with the FT Units, the "Units") at a price of $0.68 per HD Unit. The allocation of the Private Placement between FT Units and HD Units will be determined by the Company in its discretion. Depending on investor demand, the Company may increase the size of the Private Placement, subject to the acceptance of the Canadian Securities Exchange (the "CSE"). Any such increase will be announced by further news release.

Each FT Unit will be comprised of one common share of the Company that will qualify as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") and one-half of one common share purchase warrant (each whole warrant, an "FT Warrant"). Each FT Warrant will entitle the holder to acquire one common share of the Company (which will not be a flow-through share) at an exercise price of $1.25 per share for a period of 24 months from the date of issuance. View the original press release on ACCESS Newswire


 

ECONOMIC DATA
0830 GDP MM for Aug: Expected 0.2%; Prior 0.0%
1100 Budget Balance for Aug: Prior -C$4.77 bln
1100 Budget, Year-To-Date for Aug: Prior -C$5.14 bln

World Markets

 

 


Euro STOXX 50 futures were down 30 points at 6,191.0, FTSE futures added 23.5 points to 10,774.5, German DAX futures dropped 64 points to 26,096.0, by 0530 GMT.

Japan's Nikkei share average dropped, led by chip-related stocks, as concerns mounted over the sustainability of spending to fund the AI boom.

Oil prices rose as an attack on a tanker in the Strait of Hormuz highlighted the continuing supply risks from the US-Israeli war on Iran, which has entered its eighth month.  

 

US markets closed lower, with investors reassessing big tech's massive AI spending spree as they digested high-profile earnings and crucial inflation data the day after the Federal Reserve held US interest rates steady.

 

Tech shares slumped in Asia, the yen rose and bonds surged toward their biggest monthly gain in nearly three years as investors scurried to safety against worries that huge and rising AI spending may not deliver sufficient returns.

 

The yen was steady ahead of the Bank of Japan's policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety.

 

US Treasury yields fell on Thursday as investors digested in-line US inflation data and more AI-related jitters in equities, a day after the Federal Reserve held interest rates steady.

 

Gold prices eased, after dropping more than 1% in the previous session, as stubborn US inflation fuelled expectations of further Federal Reserve rate hikes, weighing on bullion.

S&P 500 Index Mini Futures: 7,685.50; down 0.89%; 68.75 points
DJIA Mini Futures: 52,419.00; down 0.18%; 93 points
Nikkei: 63,282.50; down 2.13%; 1376.97 points
MSCI Asia, Ex-JP: 817.87; down 1.32%; 10.97 points
EUR/USD: $1.1184; up 0.03%; 0.0004 point
GBP/USD: $1.3384; up 0.04%; 0.0006 point
USD/JPY: 157.61 yen; down 0.07%; 0.10 point
Spot Gold: $4,008.86; down 0.29%; $11.56
U.S. Crude: $102.95; up 0.93%; $0.95
Brent Crude: $116.05; up 1.02%; $1.17
10-Yr U.S. Treasury Yield: 4.9227%; down 0.066 point
10-Yr Bund Yield: 3.3343%; down 0.0241 point
 

Screenshot 2026-11-03 174557.png

 

 

 

 
 
 
 
 
 

US

 

 

 

 

 

 

 

 


Global markets remained under pressure as concerns over the escalating costs of artificial intelligence investment weighed on sentiment. Nasdaq futures slid after Amazon indicated that its aggressive AI spending would continue and Intel cautioned that it expects to burn cash this year, intensifying worries about the sustainability of the AI investment cycle.
 

Amazon.com Inc: The company on Thursday reported a massive cash burn in the third quarter, while it signaled higher capital expenditures next year atop an already huge amount in 2026. Amazon's cloud computing cash cow, Amazon Web Services, continued to accelerate, but the company's aggressive spending to capture AI demand overshadowed broader growth that investors typically crave — with more such spending to come. The Seattle-based retailer expects revenue between $240.0 billion and $247.0 billion in the fourth quarter, bracketing estimates of $244.51 billion, according to LSEG, but its midpoint of $243.5 billion came in slightly lower.
 

Chevron Corp: The energy company's third-quarter earnings surpassed analyst estimates as refining margins soared amid the US-Israeli war on Iran and the Russia-Ukraine conflict. Adjusted earnings were $10.4 billion, or $5.28 per share, a 185% increase from the prior-year quarter. The per-share figure also topped the consensus Wall Street estimate of $4.89 per share according to LSEG data. Upstream earnings were $5.7 billion, down 30% from the previous three months due in part to lower oil prices.

ExxonMobil Holdings Corp: ExxonMobil beat Wall Street expectations for third-quarter profit, as soaring refining margins driven by the US-Israeli war on Iran and Ukrainian strikes on Russian refineries boosted the largest US oil producer’s earnings. Adjusted earnings per share for the quarter were $4.23, surpassing the average analyst expectation of $4.08 that was compiled by LSEG. Adjusted total earnings were $17.5 billion, beating the average analyst estimate of $16.6 billion as compiled by LSEG.


Intel Corp: The company's shares plunged after hours on Thursday after the chip maker warned it would burn cash this year due to the faltering PC market, bottlenecks in manufacturing and heavy spending on expanding production. The company expects PC chip revenue to decline in the mid-20% range for its fourth quarter, after a 5% drop to $8.10 billion in the third quarter. Intel expects fourth-quarter revenue between $15 billion and $16 billion, below analysts' average estimate of $17.07 billion, according to LSEG data. Adjusted profit is expected to come in at 25 cents per share, trailing estimates of 43 cents.

 

Meta Platforms Inc: Meta, TikTok and X lost a legal challenge against British regulator Ofcom over the amount of information it is demanding they provide under Britain's nascent online safety regime. The challenge is one of the first in relation to the 2023 Online Safety Act, which sets tougher standards for platforms such as TikTok, X and Meta's Facebook and Instagram with the aim to protect children from harmful and illegal content.

Nvidia Corp: The company is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of the talks. The credit support would help fund power infrastructure and construction of Nscale's AI data centre in West Virginia, which Anthropic plans to use, according to the report. Nvidia is an investor in the UK-based cloud provider.

Reddit Inc: CEO Steve Huffman outlined a plan on Thursday to mandate sign-ins for most content to deter data scraping on the social media platform after he blamed Google's AI search features for a decline in referral traffic. Search engine referrals to Reddit decreased by more than one million on average each week during October, he said. In the US, DAUq fell 2% to 50.7 million, marking its first decline since Reddit went public in 2024. The firm's third-quarter revenue of $895 million exceeded LSEG-compiled analysts' average estimate of $878.4 million. Its revenue forecast for the current quarter of $1.00 billion to $1.03 billion is largely in line with estimates.

 

Salesforce Inc: The business software maker said on Thursday it would buy defense technology company Rune Technologies to expand its Missionforce business, which serves the US military and government agencies. Rune makes AI-powered software that helps troops forecast supply needs, plan the use of resources and decide where to send them, including in places with little or no network connection.

Starbucks Corp: The roaster forecast annual profit above Wall Street expectations on Thursday and unveiled a $1 billion share repurchase plan, signaling confidence that Chief Executive Brian Niccol's sweeping overhaul of the coffee chain is beginning to gain traction. The Seattle-based company forecast fiscal 2027 adjusted earnings per share of $3.15 to $3.25, compared with analysts' expectations of $3.14, according to data compiled by LSEG. The world's largest coffee chain reported fourth-quarter global same-store sales growth of 7.2%, topping analysts' expectations of a 5.4% increase. Adjusted earnings per share came in at 80 cents, ahead of estimates of 72 cents.
 

ECONOMIC DATA
0830 Employment wages QQ for Q3: Prior 0.9%
0830 Employment benefits QQ for Q3: Prior 1%
0830 Employment costs for Q3: Expected 0.8%; Prior 0.9%
0945 Chicago PMI for Oct: Expected 56.1; Prior 58.8

Europe / Asia

 

 

Binance, the world's largest cryptocurrency exchange, said a security breach had resulted in an estimated $6.3 billion impact that analysts said could amount to the biggest crypto heist ever and might make investors rethink the risks of owning digital assets.

The Bank of Japan kept interest rates steady, but declared victory in a nearly 14-year battle to hit its price target and signalled vigilance against inflation risks, suggesting the next rate hike could be as soon as December.

Pentagon officials have in recent weeks asked several NATO countries to tone down their rhetoric regarding the threat posed by Russia, arguing that some statements by European leaders and officials have undermined continental security, four people familiar with the matter said.

Spain's Caixabank said that its net profit rose 21.7% in the third quarter from the same period in 2025 thanks to higher revenues and a solid performance from its insurance business.

Shell and TotalEnergies reported on Thursday sharply higher third-quarter profits and raised share buybacks, as war-driven energy prices and record refining margins helped both beat expectations.

German chemicals firm Evonik is set to reject BASF's sweetened €11.18 billion takeover bid as too low, the Financial Times reported on Thursday, citing people familiar with the matter.

Source (but not limited to) AP, CNBC, Dow Jones, Financial Post, Financial Times, Globe & Mail, KITCO, LSEG, Thomson Reuters, Refinitiv.

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