Most Canadians Back New Pipeline

Author

Jay Lutz
December 08, 2025

 

Sponsored by First Majestic Silver

Most Canadians Back New Pipeline

 

A majority of Canadians support the federal-Alberta energy agreement announced last month, though the deal has not shifted the political landscape, according to polling by Abacus Data.

The survey, conducted from November 28 to December 1 with 1,802 respondents, found 55% of Canadians support building a new oil pipeline to the British Columbia coast, while 18% oppose it. Pollsters went into the field less than 24 hours after Prime Minister Mark Carney and Alberta Premier Danielle Smith signed the memorandum of understanding on November 27.

Vote intention remained unchanged. The Liberals and Conservatives held steady at 41% support each, with government approval also static at 47%.

You can read more on the matter here.

First Majestic Silver (TSX: AG) (NYSE: AG) is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A, alongside their own minting facility, First Mint. Current guidance calls for 31.6 million ounces of silver equivalent production in 2025, at cash costs of just $14.15 an ounce.

What’s going on?

  • Inside The McCain Feud: Forcing Shareholder Buyout In A Family Firm (theDeepDive)

  • More Canadians, including children, detained in U.S. for immigration violations, new data show (Globe)

  • I Went to See the Highest Grade Silver on Earth | Nord Precious Metals (theDeepDive)

  • Trump to issue executive order for single federal rule on AI regulation (FT)

  • Have Metals Peaked? The Rotation Is Already Underway | Brayden Sutton (theDeepDive)

  • Supreme Court Appears Poised to Give President More Power to Fire Government Officials (WSJ)

  • PBO Report: $7.3B Build Canada Homes To Add 26k Units (theDeepDive)

  • Powerful 7.6-magnitude earthquake strikes Japan’s northeast (CNBC)

  • Opinion: The Missing Projects From The MPO (theDeepDive)

  • Thailand bombs Cambodia as Trump peace pact unravels (Globe)

What’s the latest?

  • Economics: Markets assign a ~93% probability that the Bank of Canada will hold its policy rate at 2.25% this Wednesday, after cutting 100 bps in total during 2025. The hold is supported by strong November job gains and a 2.6% annualized Q3 GDP growth print. Economists now expect the BoC to stay on hold through 2026, after navigating tariff-driven growth and inflation risks.

  • Politics: The federal government will invest $400 million with Ottawa to build up to 3,000 affordable homes, with 2,000 units financed by Build Canada Homes on federal land. The city will waive development charges, permit fees, and property taxes, with construction starting in 2026. Ottawa also received $1.2 million for an addiction pilot, while the region already hosts 330 defence-related companies.

  • Hudson’s Bay: Hudson’s Bay returned a $9.4 million deposit to Ruby Liu after terminating her $69.1 million bid to buy 25 store leases, following a court ruling in October that blocked the deal. Liu still purchased three other leases for $6 million, which were approved since they are in malls she owns. Landlords are now seeking to recover legal costs from the failed transaction.

  • Real Estate: Canada’s average asking rent fell 3.1% year-over-year to $2,074 in November, marking the 14th straight month of declines, and dropped 1.5% month-over-month, the biggest drop of 2025. Condo rents fell 3.7% to $2,157, while purpose-built apartments slipped 2.0% to $2,060. The steepest provincial declines were in B.C. (-6.4%), Alberta (-4.3%), and Ontario (-3.5%).

  • Markets: U.S. stocks pulled back from record highs, with the S&P 500 down 0.6%, Dow down 318 points (-0.7%), and Nasdaq down 0.5%. Berkshire Hathaway fell 1.7%, while Netflix dropped 4.2% after Paramount bid $30 per Warner Bros. Discovery share, lifting WBD +3.3% and Paramount +7.7%. IBM agreed to buy Confluent for $11B (+29.3%), and Carvana jumped 13.3% on news it will join the S&P 500 on Dec. 22.

Thesis Gold Lawyers Ranch PFS

The stock market and stuff

  • DPM Metals: Discovery To Feasibility In 36 Months! (theDeepDive)

  • Why the World’s Biggest Gold Deposits Are Stuck | Rudi Fronk – Seabridge Gold (theDeepDive)

  • Berkshire shakes up team ahead of Buffett handover, boosting JPMorgan investment project (Reuters)

  • BREAKING: Paramount Tables $108B Hostile Offer For Warner Bros Amid Netflix Deal (theDeepDive)

  • G Mining Receives Formal Mining Permit For Oko West Project (theDeepDive)

In the juniors

  • Fury Gold Mines Outlines 825,000 Gold Ounces In Initial Resource At Sakami (theDeepDive)

  • Guanajuato Silver: Q3 Results Overshadowed By Silver Ripping (theDeepDive)

  • The Fed Cannot Let The Everything Bubble Burst | Simon Marcotte Of Northern Superior (theDeepDive)

  • Dolly Varden Silver To Combine With Contango ORE Under Merger Of Equals (theDeepDive)

FULL DISCLOSURE: First Majestic Silver is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic Silver. The author has been compensated to cover First Majestic Silver on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.