News of the day: Lithium legal battles, inflation on the rise, rate hike possibility, Stelco explainer, mining investment supercycle and more

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Photo by Douglas Magno/AFP via Getty Images /Douglas Magno/AFP via Getty ImagesIt’s Monday, Oct. 19. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe TSX Venture Exchange singled out Emerita Resources Corp. as its best performing overall stock in a 2021 ranking. Today, the mining exploration company finds itself embroiled in litigation and beset by disputes with one of its co-founders, several former top executives, investors and even regulators.This advertisement has not loaded yet, but your article continues below. Pump prices have been on the rise during the Iran war. Photo by Jason Payne/PostmediaGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Consumer Price Index report, released by Statistics Canada on Monday, showed that overall prices rose 3.1 per cent year-over-year, up from three per cent in August. The bulk of the increases stemmed from higher energy prices, which were 19 per cent higher compared with the same time last year. Tiff Macklem, governor of the Bank of Canada. Photo by HYUNGCHEOL PARK/PostmediaBank of Canada governor Tiff Macklem came across as hawkish in an interview with reporters at an International Monetary Fund meeting and that has economists wondering if policymakers will continue to shrug off above-target inflation. Stelco Holdings Inc., the Canadian-based steelmaker that helped build Hamilton, Ont., into ‘Steel City,’ has been around for more than a century. Photo by Peter Power /Financial PostHamilton-based Stelco Holdings Inc. sent shockwaves through an already embattled Canadian steel industry when U.S. parent company Cleveland-Cliffs Inc. announced on Sept. 28 it would indefinitely idle its Hamilton plant and lay off hundreds of workers. In response, Industry Minister Mélanie Joly has threatened legal action if Stelco does not preserve its Ontario jobs, citing commitments agreed upon under the Investment Canada Act when Cleveland-Cliffs first assumed ownership of the company.This advertisement has not loaded yet, but your article continues below. Under the current supercycle, Tim Hodgson said critical minerals have moved from the margins to the centre of many countries’ industrial strategy and economic policies. Photo by Brent Calver/PostmediaThe world is entering the “largest investment supercycle in the history of the metals and mining industry,” says Energy and Natural Resources Minister Tim Hodgson. “Critical minerals are no longer simply industrial commodities,” he said at an event hosted by Canada House in London on Monday. “They are the inputs that will decide which economies can grow, which can compete and which countries will secure their economic futures.”This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.