Spot gold jumped $50 intraday to $4,120.66/oz, up 1.23%.

Ottawa will allow immediate expensing of many capital expenditures for oil and gas firms — a measure the federal budget labels a productivity ‘super-deduction’ — to spur energy investment. The package is expected to cost the government C$36 bln over five years (about $25.5 bln). Higher global oil prices have left Canadian producers cash-rich; several companies disclosed in Q3 filings they expect to benefit, though major oil‑sands producers have not quantified cash gains and say impacts depend on final approval. Mullen Group chairman Murray Mullen said the change cuts near‑term cash tax and improves cash flow but could carry a cost after the first year.

Huaguang Huaneng said at its 3Q26 results briefing that year-to-date overseas orders account for more than 30% of its equipment business. Overseas contracts have longer delivery cycles but generate higher gross margins than domestic orders. The company said overseas partners are mainly central SOEs and well-known foreign firms, and contracts include strict risk-control clauses to mitigate project risk.