Train crews reject Canadian Pacific Railway oneyear contract extension

first_imgCALGARY – Canadian Pacific Railway Ltd. (TSX:CP) says it’s disappointed but not deterred that train crews voted to reject a one-year contract renewal.CP Rail said it’s meeting with leaders of the union representing rail workers on Thursday to discuss the results of the vote in which a majority of members rejected the proposed extension.“We look forward to working with the union membership to better understand this result and to discuss next steps,” said CEO Keith Creel.“We remain optimistic that we can come to a mutually beneficial agreement.”A memo posted by the Teamsters Canada Rail Conference said that of the 1,725 members who voted on the contract renewal, 1,158 said no to the proposal.The union represents approximately 3,000 Canadian conductors and engineers at CP Rail.“The TCRC is assessing the entire situation and consistent with the Labour Code will be contacting CP to begin the bargaining process,” said Teamsters president Douglas Finnson.last_img read more

Most actively traded companies on the TSX

first_imgSome of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (up 39.59 points to 16,131.79, a record high)AuRico Metals Inc. (TSX:AMI). Miner. Up 47 cents, or 36.15 per cent, to $1.77 on 28.9 million shares. Centerra Gold Inc. (TSX:CG) (down 28 cents, or 3.48 per cent, to $7.77 on 1.1 million shares) has signed a $310-million all-cash friendly deal to buy AuRico Metals, which is developing the Kemess property in B.C. The deal requires approval by two-thirds of the votes cast at a special meeting of AuRico Metals shareholders as well as court and regulatory approvals.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 28 cents, or 8.07 per cent, to $3.75 on 27.1 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Up 39 cents, or 2.01 per cent, to $19.76 on 18.1 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 0.64 per cent, to $3.10 on 8.2 million shares.Aphria Inc. (TSX:APH). Health care. Up three cents, or 0.36 per cent, to $8.47 on 7.7 million shares.Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $2.66, or 17.24 per cent, to $18.09 on 7.3 million shares. The drug company reported a third-quarter profit of $1.3 billion ($3.69 per diluted share), boosted by a one-time gain related to an internal tax reorganization. That compared with a loss of $1.22 billion ($3.49 per diluted share) a year ago. Third-quarter revenue totalled $2.22 billion, down from $2.48 billion. Valeant says that it has reduced its total debt by $6 billion since the end of the first quarter of 2016, topping its commitment to pay down $5 billion.Companies reporting major news:Agrium Inc. (TSX:AGU). Agriculture. Up $1.47, or 1.07 per cent, to $138.63 on 209,192 shares. The Calgary-based fertilizer and farm services company says it has sold two American assets to help win U.S. Federal Trade Commission approval of its merger with Potash Corporation of Saskatchewan Inc. (TSX:POT) (down one cent, or 0.04 per cent, to $24.49 on 911,794 shares). Agrium says it has agreed to sell its Conda, Idaho, phosphate production facility and nearby mineral rights for $100 million, including working capital, to Toronto-based Itafos (TSXV:IFOS).BCE Inc. (TSX:BCE). Media. Up 31 cents, or 0.51 per cent, to $60.99 on 828,311 shares. The telecom and media giant says it will buy Canadian home security service AlarmForce Industries Inc. (TSX:AF) (up $6.68, or 71.52 per cent, to $16.02 on 432,054 shares) in a deal worth about $166 million.Cineplex Inc. (TSX:CGX). Entertainment. Down $1.46, or 3.80 per cent, to $37.00 on 906,994 shares. The movie theatre company says it earned $17.2 million (27 cents per diluted share) in the third quarter compared with a profit of $26.0 million (41 cents per diluted share) a year ago. Revenue totalled $370.4 million, down from $376.0 million. Attendance fell to 16.8 million compared with 19.2 million in the same quarter last year.last_img read more

Quebecors cable subsidiary becomes partner in new Montreal comedy festival

first_imgMONTREAL – Quebecor Inc.’s cable subsidiary is becoming a partner of the new Montreal comedy festival that will be launched this summer.The director general of the Grand Montreal comedie fest, Diane Arseneau, said in a statement Monday that Videotron is an ambitious partner and that the agreement could open the door to other partnerships.The new festival was originally announced last November and was the idea of standup comedian Martin Petit. It will be held July 1-15.Monday’s announcement came three days after it was revealed that Quebecor had chosen to not exercise its right of first refusal in the sale of Just For Laughs.The comedy company is expected to now fall into the hands of ICM Partners, a Los Angeles-based talent and literary agency that has reportedly signed an agreement in principle to buy the controlling shares of Just For Laughs founder Gilbert Rozon.Rozon announced he would sell his majority stake in the company amid allegations last fall he sexually harassed and assaulted several women.He has denied the allegations and they have not been proven in courtCompanies in this story: (QBR.B)last_img read more

Most actively traded companies on the TSX

first_imgSome of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (15,207.41, down 148.64 points)Neovasc Inc. (TSX:NVC). Medical devices. Up 2.5 cents, or 45.45 per cent, to eight cents on 24.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 34 cents, or 4.03 per cent, to $8.10 on 11.5 million shares.Nemaska Lithium Inc. (TSX:NMX). Miner. Up 20 cents, or 17.09 per cent, to $1.37 on 8.4 million shares.Cenovus Energy Inc. (TSX:CVE). Oil and gas. Down 17 cents, or 1.40 per cent, to $11.94 on 7.3 million shares.Suncor Energy Inc. (TSX:SU). Oil and gas. Down three cents, or 0.07 per cent, to $46.11 on 5.7 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down 80 cents, or 2.81 per cent, to $27.69 on 5.6 million shares.Companies reporting major news:Canadian Pacific Railway (TSX:CP). Transportation. Down $4.14, or 1.84 per cent, to $221.26 on 350,739 shares. The union representing some 3,000 conductors and locomotive engineers at CP Rail says the workers have voted to authorize a strike by a margin of 94.2 per cent. The job action could occur as early as 12:01 a.m. on April 21.last_img read more

Fuel prepayment mandatory starting June 1 in Alberta

first_imgStarting Friday, new Occupational Health and Safety rules will take effect and make fuel prepayment mandatory at all gas stations in the province.“Fuel prepayment saves lives,” said Minister of Labour Christina Gray. “These new rules will improve safety for fuel and convenience store workers by preventing violent gas-and-dash incidents. “While it may take a few extra minutes, paying before you pump is worth it to make sure all workers go home safely to their families at the end of the day.”Over the past four years, Alberta has seen a number of convenience store robberies and gas-and-dash incidents result in the deaths of five workers and serious injuries to three workers across Alberta.last_img

Five things to watch for in the Canadian business world in the

first_imgTORONTO – Five things to watch for in the Canadian business world in the coming week:RBI earningsRestaurant Brands International Inc., the parent company of Burger King and Tim Hortons, discusses second-quarter results on Wednesday. A group of U.S. Tim Hortons franchisees filed a lawsuit on July 24 alleging their parent company engaged in price gouging and equity theft.Point takenAimia Inc. releases second-quarter results on Friday. The Montreal-based company is coming off a week in which an Air Canada-led consortium proposed buying its Aeroplan loyalty rewards asset at a heavily discounted price, and it rejected an unsolicited US$180-million bid by Grupo Aeromexico to buy its stake in their joint loyalty program PLM.BCE earningsTelecom and media giant BCE Inc. discusses second-quarter results on Thursday. The Canadian Radio-television and Telecommunications Commission has invited Canadian consumers to tell the federal regulator about their personal experience with misleading or abusive sales practices at the country’s telecommunications companies.Economic updateStatistics Canada releases the gross domestic product by industry for May on Tuesday. Real GDP for the previous month edged up 0.1 per cent, slightly above economists’ expectations, as gains in the manufacturing and utilities sectors more than offset declines in construction and in mining, quarrying, and oil and gas extraction.Bombardier earningsAircraft and train builder Bombardier Inc. discusses second-quarter results on Thursday. One of the founders of WestJet Airlines Ltd. and JetBlue Airways Corp. committed on July 17 to buy 60 Airbus A220-300 (formerly Bombardier’s C Series) aircraft for a new U.S. airline he is launching.last_img read more

Peladeau says Habs failure to make playoffs delivered a body check to

first_imgQuebecor Inc.’s CEO blamed the failure of the Montreal Canadiens to make the playoffs for a major hit to its media ad revenues, a “disappointing” dent in a quarter that nonetheless saw the company skate to $1.04 billion in overall revenue.The Montreal-based communications giant’s second-quarter revenue edged up 0.50 per cent from the same time last year, largely due to growth at its telecommunications arm as revenue at its media arm fell six per cent.“The results of our media operations were heavily impacted by TVA Sports, which…suffered from the absence of the Montreal Canadiens in the NHL playoffs,” Pierre Karl Peladeau said on a conference call with investors Thursday.Revenue from the sports and entertainment division was relatively unchanged at $36.9 million.With playoffs spanning the bulk of the quarter, advertising revenue from the TVA Sports specialty channel plunged 36 per cent from the year-earlier period, when the 101-year-old team made the first playoff round, said TVA Group president and CEO France Lauziere.Growth at Quebecor’s Videotron cable, internet and wireless business boosted revenue from telecommunications to $847.2 million, up from $826.6 million last year.Quebecor had $41.3 million of net income attributable to shareholders in the second quarter, amounting to 18 cents per share.That was down from $137.8 million or 57 cents per share in the second quarter of 2017, when Quebecor’s profit was boosted by a gain from the sale of a spectrum licence.Adjusted income from continuing operating activities, which excludes the spectrum sale and other items, was $106.2 million or 45 cents per share, up from $88.6 million or 37 cents per share the year prior.Peladeau said the company achieved a major milestone in the second quarter when it became 100-per-cent owner of Quebecor Media, after buying out its strategic partner — the Caisse de depot.“With access to all the cash flows generated by the subsidiary, the corporation will now be better equipped to seize business opportunities as they arise, to achieve its objectives with respect to its dividend payment policy, and to take full control of its development projects,” Peladeau said Thursday in a statement.Strong telecommunications sales yielded revenues that slightly exceeded analyst expectations in a “seasonally weaker quarter,” said RBC Dominion Securities Inc. analyst Drew McReynolds.Roughly 32,000 net new wireless subscribers outweighed a drop in television subscriptions — a decrease typical of the lead-up to Quebec’s traditional moving season, which sees most leases expire July 1, said Videotron president and CEO Manon Brouillette.Quebecor’s stock price jumped more than five per cent Thursday, ending the trading session at $28.40, its highest closing price in at least ten years.Peladeau said in a Facebook post earlier this week that Quebecor’s ability to do business with the Quebec government was jeopardized because he had pleaded guilty on July 10 to violating the province’s election act by personally reimbursing a $137,000 debt accumulated by his campaign to become leader of the Parti Quebecois.He said the province’s treasury board and premier have the power to declare an exception to the act’s automatic penalties and a Quebecor statement on Tuesday said it was confident that the matter “will be settled in the near future without restricting the corporation’s activities or its public sector clients.”Companies in this story: (TSX:QBR.B)last_img read more

Auto sales dip 19 per cent in October as passenger car sales

first_imgTORONTO – DesRosiers Automotive Consultants says new light vehicle sales were down by 1.9 per cent in October compared with the same month last year.Sales were down by about 3,000 units to 161,125 as a 0.2 per cent climb in light truck sales was offset by a 6.9 per cent decline in passenger cars.Year-to-date sales are down 1.6 per cent compared with last year’s record high, but still up 3.9 per cent from the 2016 figures.Several major auto companies saw pronounced dips in October, including a 14.8 per cent decline from last year for Fiat Chrysler Automobiles, an 8.7 per cent drop for Honda, and a 12.9 per cent drop for General Motors, though GM kept its top spot despite the drop.Ford Motor Co. recorded a 1.6 per cent gain, while a combined 10.2 per cent increase from Toyota and its Lexus brand pushed it into the second-place slot behind GM.Land Rover and Porsche both boosted sales by about 20 per cent, while Genesis, Hyundai’s luxury brand, recorded a 175 per cent gain from last year to 132 vehicles sold.Note to readers: This is a corrected story. An earlier version erroneously reported the number of cars sold, month of sales and percentage increase from 2016.last_img read more

Wage growth weakens despite tightened job market unemployment rate dips to 58

first_imgOTTAWA – Canada’s unemployment rate has edged back down to its four-decade low of 5.8 per cent — but even in a job market that’s having a hard time finding workers, wage growth is continuing to slow.The country added 11,200 net new jobs in October, including a gain of 33,900 full-time positions, Statistics Canada said Friday in its latest labour force survey.The agency said the jobless rate moved down from its 5.9 per cent reading in September, in large part because fewer people searched for work.One fresh data point, in particular, is likely to catch the Bank of Canada’s attention: wage growth.The indicator is watched by the central bank ahead of its interest-rate decisions and, despite the tightened labour market, pay growth slowed for its fifth-straight month. Solid wage growth can apply upward pressure on inflation, which can then feed into the Bank of Canada’s decisions on interest rates.Year-over-year, average hourly wage growth slowed last month to 2.19 per cent for its weakest reading since September 2017. Experts have predicted wage growth to rise along with the tightened labour market, but average hourly wage growth has dropped every month since May when it was 3.94 per cent.When it comes to permanent employees, wage growth last month rang in at just 1.9 per cent — which TD senior economist Brian DePratto noted is below inflation.“The wage rate definitely stands out here,” said DePratto, who believes the number will make it a little bit less likely the Bank of Canada will introduce another interest rate hike in December.DePratto expects the central bank to wait until January before its next rate increase.“It’s concerning, for sure, and it’s difficult to disentangle, but we’re not going to get too, too hung up just yet,” he said.Other analysts also pointed to soft wage growth in the report Friday as a possible reason for the Bank of Canada to hold off in December.“The deceleration in wage growth is the most important downward risk for the Bank of Canada to continue hiking,” Bank of America Merrill Lynch economist Carlos Capistran wrote in a research note to clients.Josh Nye, senior economist for RBC, wrote in a note: “We think wage growth will be key to whether they speed up the pace of rate increases.”Last week, the Bank of Canada hiked its trend-setting rate for the fifth time since the summer of 2017. Governor Stephen Poloz also signalled future hikes could be sooner than previously expected.This week, Poloz told lawmakers in Ottawa that Canadians need to get used to the idea of three per cent interest rates as the new normal, now that the era of rock-bottom borrowing costs is gradually fading away.The central bank estimates its key interest rate will need to gradually rise to between 2.5 per cent and 3.5 per cent to keep inflation from climbing too high. The rate is now 1.75 per cent.The open question is how quickly the rate will rise.Statistics Canada’s labour report Friday also showed that compared with 12 months earlier, national employment was up 1.1 per cent following the addition of 205,900 positions, including 173,000 full-time jobs.For employee work, the public sector lost 30,800 jobs last month, while the private sector added 20,300 positions. Of the new jobs, 21,800 came in the less desirable category of self employment, which is a classification that includes people working in a family business without pay.By region, Saskatchewan added 2,500 jobs in October, but employment levels were largely unchanged in the other provinces.Looking at industries, the goods-producing sector lost 12,000 jobs last month in a decline led by a notable loss of 7,100 positions in natural resources work. The services sector added 23,200 jobs in October following a gain of 22,000 positions in business, building and other support services.Last month, survey results released by the Bank of Canada said companies, on balance, have reported that labour shortages have intensified over the past 12 months.Follow @AndyBlatchford on Twitterlast_img read more

UPDATED Load restrictions on Peace Region roads going in to effect this

first_img75% Legal Axle LoadingBeatton River Airport Rd, from Alaska Hwy 97N north to end of roadBeryl Prairie Road 715R from intersection with Canyon Drive to Beryl Prairie Road 118Beryl Prairie Road 118 from intersection with Beryl Prairie Road 715R  to the endBuick Creek Road 154Cypress Creek Road 187Farrell Creek Road 115, from intersection with Hwy 29N to Harasymyk RoadGraham River Road 123Milligan Creek Road 137 from North Pine 259 to PeejayMontney Highway Rd 254 from Alaska Hwy 97N east to 281 RdMontney Highway Rd 281 from 254 Rd north to 256 RdMontney Highway Rd 256 from 281 Rd east to Prespatou Rd 275Road 265A (100th Street) from 85th Avenue south to Mason Road 240Rose Prairie Road 101 from Road 260 north to Prespatou Road 193Siphon Creek Road 184Schwalm Road 106 from intersection with Cassidy Road 238U to the endTank Farm Road 249 from Baldonnel Road to intersection with Cassidy Road 238UUpper Halfway Road 117, from km 54.1 to the endBackroad Road 206M (from Pederson Road 215 east to Berry Road 213A)Berry Road 213A (from Pederson Road 206M to Road 206D)Bessbourough Road 212 (from Highway 97 west to Mason/Semple Road 237)Briar Ridge Road 4 (from Highway 2 to Highway 49)Braden Road 22 (from Highway 97S to Highway 97N)Burbee Road 12D (from Jackfish Road 12, east for 300m)Jackfish Lake Road 12 (from Burbee Road 12D to Boysen Road 69A)Old Alaska Highway Road 64 (from Highway 97N (north end) to Triangle Road 25) Old Alaska Highway Road 64 (from intersection with 97N (South end) to km 3.7)One Island Lake Road 18 (from Highway 52E to Km 20.8)Pederson Road 215 (from Highway 2 to Backroad Road 206M)Pulp Mill Road 1A (from Highway 97S to West Coast Pipeline)Triangle Rd 25 (from Old Alaska Highway Road 64 to West Coast Road 235)100% Legal Axle Loading103A Airport Road from Underpass Road 255 to Swanson Lumber Road 25985th Avenue (Holloway Road # 240A) from Old Fort Road to 100th Street240 Crossover Rd from 269 to Old Fort RdBaldonnel 107 Rd from Und! erpass 255 Rd to Tank Farm 249 RdBeatton/ Montney Road 271, from Highway 97 north to Montney Highway 254Cecil Lake Road 103 from intersection with Rose Prairie Road 101 to Alberta borderCanyon Drive 520R, from intersection with Highway 29N to W.A.C. Bennett DamClayhurst Road 111 from Cecil Lake Road 103 south for 19.7 km to intersection with Ferry Road 110.Doig Road 188East Bypass Road 146, from the Fort St John city limits to the Rose Prairie 101 Rd.Ferry Road 110 from the intersection with Clayhurst Road 111 south 10.5 km to the Moose Mouth Bridge.Fort Nelson Airport Connector Road 504AGrandhaven Road 242, from Alaska Highway 97 to Riverview Road 269Montney Highway Rd 256 from Prespatou Rd 275 to Rose Prairie Rd 101Montney South Road 121 from Rose Prairie Road 101 west and north to Beatton/ Montney Road 271North Pine Road 259, from Road 260 to Milligan Creek Road 137Old Fort Road 148 from Alaska Highway 97 south to Howe PitPrespatou Road 193, from Montney Highway 256 north to Triad Road 169A/ Mile 30 Road 169Riverview Road 269, from Alaska Highway 97 south to end of public roadRose Prairie Road 101 from Fort St John city limits to intersection with Road 260Sikanni Chief Road 517Swanson Lumber Road 259, from the Fort St John city limits to the intersection with the Airport Road 103AToews Road 246Underpass Road 255, from Alaska Highway 97 to Road 103AUpper Halfway Road 117, from Alaska Highway 97 to km 54.1Wilson Road 260A, from Rose Prairie Road 101 to Road 259West Bypass Road 145, from the Fort St John city limits to Rose Prairie Road 101Bessbourough Road 212 (from Highway 97 west to Mason/Semple Road 237)Cosins Road 213C (from Highway 49 north for 400m)Dangerous Goods Route Road 94East Arras Road 41A (from intersection of 97S to Pumphouse Access Road 208C)Fabric 84 Road (from highway 97S to end)Hasler Road 26Imperial Accesss Road 210 (from Washington Road 221 east to North Rolla Road 219)Jackfish Lake Road 12 (from Highway 29N to Burbee Road)Johnson Road 232C (from Highway 97 east for 1.8km)Lowe Road 200LMagusin Road 245W (from Highway 97N south to the bridge just south of Parkland Road 7)Mason/Semple Road 237McQueens Road 210 ! (from North Rolla Road 219 east to Rolla Road 3)Old Alaska Highway Road 64 (from Highway 97N (north end) to Triangle Road 25)Old Alaska Highway Road 64 (from intersection with 97N (South end) to km 3.7)Pumphouse Access Road 208CRanson Road 33Rolla Road 3Sweetwater Road 6 (from North Rolla Road 219 to Rolla Road 3)Washington Road 221 (from Highway 97 to Imperial Access Road 210The following permanent restrictions are in effect year round:50% Legal Axle LoadingMile 30 Road 169 from Kvile Rd 169C West to the Beatton River Rd 151Triad Road 169A from Reimer Rd 171 East to the end of the right of wayOld Fort Rd 148 from Howe Pit to the Old Fort Loop 616BFORT ST. JOHN, B.C. — Officials with the B.C. Ministry of Transportation are warning motorists in Northeast B.C. to be prepared for upcoming load restrictions on area roads.Peace District Transportation Manager Katherine Styba issued a statement saying that load restrictions may be placed on all highways in the South Peace, North Peace and Fort Nelson areas in the near future with short notice. The possible restrictions will limit vehicles to 100 percent, 75 percent, 70 percent, or 50 percent of legal axle loading, as allowed under the Commercial Transport Act Regulations. UPDATE: The Ministry of Transportation says that load restrictions will be put in place on the following routes effective Sunday, March 18th at 10:00 a.m. The load restrictions will be in place daily between 10:00 a.m. and 10:00 p.m.All Provincial Numbered Routes, paved or gravel – 100% Legal Axle LoadingAll Provincial Side Roads, paved or gravel – 70% Legal Axle Loading except as listed below: The Peace River Regional District said that overweight permits will not be granted, and all term overweight permits will be invalid for the duration of the restrictions.At present time, the only load restriction in effect is on the Northleaf SYD Road from kilometre marker 8.4 to kilometre 188. Loads will be restricted to 75 percent of legal axle loading from 10:00 a.m. to 10:00 p.m. 100 percent legal axle loading is still permitted from 10:00 p.m. to 10:00 a.m.last_img read more

Last month was Fort St Johns snowiestever March with four times the

first_imgTemperature-wise, Yu said that March 2018 was colder than normal, despite the stretch of spring-like conditions for two weeks during the middle of the month. The average temperature in Fort St. John during the month of March is -4.6 degrees Celsius, but this year the average temperature was -7.2 degrees. That only ranks it as the 28th-coldest March since record-keeping began 77 years ago. FORT ST. JOHN, B.C. — It’s official: Environment Canada officials say that the third month of 2018 was the snowiest-ever March in Fort St. John history.Meteorologist Cindy Yu said that the 93.3 centimetres of snow recorded at the North Peace Airport last month ranks it as the snowiest-ever March, while the 95.3 millimetres of equivalent precipitation means it was also the wettest-ever. In an average March, the 23.7 cms of snow the city sees is 3.9 times less than what fell this year. The previous record holder is March, 2002, when 77.7 cms of snow fell at the airport.Yu said that last month’s record-breaking snow amount largely came in two big dumps. The Energetic City set four daily snowfall records in March: the 1st, 2nd, 22nd, and 23rd. Yu said that those amounts are quite substantial, though not quite close to the record for snowiest March day. That record was set on March 16th, 1944 when 31 cms of snow fell. Interestingly, the snowiest day ever in Fort St. John was May 27th, 1979, when 47.8 centimetres of snow fell.last_img read more

What BCs LNG megaproject means for two proposed Nova Scotia facilities

first_imgBoth companies say the decision by five partners _ a consortium of state-owned and private investors _ to move forward with LNG Canada’s $40-billion joint venture in Kitimat, B.C., bodes well for major resource projects in the country.But energy consultant Tom Adams says the British Columbia development makes the prospects of a Nova Scotia LNG facility in the near future less likely.He says there is a finite global market for LNG, and that if the B.C. project moves ahead it weakens other projects.“Every time there is a new entrant it puts competitive pressure on all the other proposals,” the independent Toronto-based analyst said.Adams says the “really big boys” have invested in B.C. _ Royal Dutch Shell, Mitsubishi Corp., the Malaysian-owned Petronas, PetroChina Co. and Korean Gas Corp. _ but the Nova Scotia proposals have yet to attract the same calibre of investors.“The majors have by and large stayed out of it, and I think that’s another indication of the relative strengths and weaknesses of the development plans,” he said. “It’s another reason for my continued skepticism with respect to LNG in Nova Scotia.” However, Goldboro LNG has managed to secure a customer.Uniper SE, a German energy firm, has signed a 20-year off-take agreement for half of Goldboro’s permitted output, a coup for the Nova Scotia project. The contract comes with a German government-backed debt guarantee.Mark Brown, vice-president, business development for Pieridae Energy, the firm developing Goldboro LNG, says the B.C. project is good for the entire industry.“Given the global nature of the industry, it sends a positive message to the world that Canada is back,” he said in an email, noting that the Goldboro project is aiming for a final investment decision in the first quarter of 2019. HALIFAX, N.S. – Some see it as a signal of investor confidence in liquefied natural gas megaprojects. Others say it could edge out less competitive LNG proposals in Canada.Either way, final approval of a massive LNG project in northern British Columbia has renewed interest in the fate of two projects slated for Canada’s East Coast.Bear Head LNG, a subsidiary of Australia-based Liquefied Natural Gas Ltd., has a site on the Strait of Canso while Goldboro LNG, a Pieridae Energy Canada project, is adjacent to the Maritimes & Northeast Pipeline on Nova Scotia’s Eastern Shore.center_img Meanwhile, Micah Hirschfield with LNG Ltd., the proponent of Bear Head LNG, says the Kitimat investment increases the viability of exporting Canada’s stranded natural gas resource from both the West Coast to Asia and the East Coast to Europe.“The amount of gas being used by LNG Canada barely scratches the surface of the more than 300 years of stranded gas supply that the resource has,” he said in an email.“Both Western Canadian producers and European customers recognize the importance of being able to export Canadian gas from both coasts and we continue to progress and remain committed to bringing LNG from Bear Head to the global energy market.”(THE CANADIAN PRESS)last_img read more

TMC fields 24 candidates for elections in other states

first_imgKolkata: The Trinamool Congress has fielded 24 candidates for the forthcoming Lok Sabha and Assembly elections in other states, party supremo Mamata Banerjee said on Tuesday. The states are Odisha, Jharkhand, Assam, Bihar and the Union Territory of Andaman. In Odisha, the TMC has fielded two candidates in the ensuing Lok Sabha and 10 candidates in the Assembly elections. Agni Charan Jena will contest from Bhadrak (SC) seat while Subhrangshu Sekhar Padhi will fight from Bhubaneswar seat. Suvendu Adhikari has been appointed as the Observer for Odisha. The candidates for the Assembly seats are Sibnarayan Biswal (Bhadraipokhari), Ramahari Das (Bhadrak), Natha Bairaigi Behera (Basudevpur), Bishnu Mallick (Jayadev SC), Trinatha Sahoo (Central Bhubaneswar), Pramod Parihari (North Bhubaneshwar), Jadumani Pradhan (Jatani), Soubhagya Kumar Panda (Beguna). The nominees for Ekamra Bhubaneshwar and Khurda are yet to be decided. The TMC has fielded three candidates in Jharkhand. Ajanta Mahato will contest from Jamshedpur while Mondol Hansda will contest from Rajmahal and Sanjay Kumar Pandey has been fielded from Ranchi respectively. Arjun Singh will be the party’s Observer for Jharkhand. Also Read – Centuries-old Durga Pujas continue to be hit among revellersAyan Mandal will fight from Andaman seat. The TMC has fielded six candidates in Assam. Chandan Das will contest from Karimgunj (SC seat) while Hitabrata Ray and Nurul Islam Chowdhury will fight from Silchar and Dhubri seats respectively. Kamala Kanta Daimary will contest from Kokrajhar while Ashak Ali Dewan and Manoj Kumar Sarma will contest from Barpeta and Guwahati seats. In Bihar, the party has fielded Javed Islam Khan from Kishangunj and Sunil Singh from Maharajgunj.last_img read more

Short birth intervals raise mortality risk in babies

first_imgShorter intervals between births are associated with higher mortality rates in babies, finds a new study on macaque monkeys. The study showed “the risk of a short birth interval in rhesus macaque offspring is contingent on the survival of its older or younger sibling, who may constrain the maternal resources available to it,” said Susie Lee, a doctoral student at the New York University. Short birth intervals have long been linked to adverse child outcomes in humans. However, it had been unclear the extent to which the birth interval has a direct influence on offspring mortality in general – that is, independent of the effects of environment and human sociocultural practices on reproductive behaviour. Also Read – An income drop can harm brainTo understand this, the team examined around 9,000 birth records from about 1,400 free-ranging rhesus macaque mothers. Short birth intervals preceding or succeeding the birth of an offspring were both associated with higher offspring mortality in macaque monkeys, said the study, published in the journal Proceedings of the National Academy of Sciences. The results are consistent with studies on human birth intervals, suggesting short birth intervals is linked to adverse child outcomes. Also Read – Shallu Jindal honoured with Mahatma Award”Despite the extensive body of research showing a relationship between short birth intervals and high offspring mortality in humans, we have lacked studies outside of humans, especially in non-human primates,” said James Higham, Associate Professor at the varsity. “This new research helps fill the gap by clarifying the biological link between birth intervals and offspring mortality in a general evolutionary framework,” he said.last_img read more

Lack of awareness and excessive intake of protein lead to rise in

first_imgNew Delhi: Excessive consumption of protein can have unwanted side effects on the kidney.Since kidney disease often goes undiagnosed, one should not take additional protein supplements without proper consultation. But many skip this, which leads to chronic kidney disease,” Dr RK Yadav, Assitant Professor, Nephrology, All India Institute of Medical Science (AIIMS). Nephrologists warn that high doses of protein powder over a long period of time causes stress on kidneys. Also Read – Gurdwara Bangla Sahib bans single use plastic”An excessively increased amount of protein intake causes the organ to work harder to compensate. Overuse of protein powders can lead to developing kidney stones and kidney failure,” Dr Jugal Kishore, Director and Professor head, community medicine, Safdarjung Hospital said. “Most of the gym instructor are spreading the wrong information to young gym goer, while suggesting the high dose of protein ignoring the aftermath. They also instruct the participant to intake less water and simultaneously pushing high dose of protein to increase the muscle mass which lead to heavy toll upon the kidney. Basically kidney needs water to function their role,” Dr Kishore added. Also Read – After eight years, businessman arrested for kidnap & murderMany youngster are suffering from hypertension, using pain killer and also going to gym on supplement dose are more prone to develop the kidney ailment, Dr Yadav added. “We need awareness among our youngster as they easy prey to renal disorder. Every OPD session, we notice atleast a teen age patients are suffer of protein aftermath, Dr Yadav highlighted. “Many young men take protein supplements like protein shakes, protein pills, anabolic steroids as it gives them biceps, six packs in a short duration. This gradually leads to kidney failure, many do not realise. He added, “Kidney disease hardly shows any symptoms until it has progressed to such an extent that dialysis remains the only option,” Dr Yadav said. Dr Yadav further informed that anybody with diabetes, hypertension and obesity as well as smokers and those above 50 years and with a family history of such diseases are at risk of kidney disease. Those who frequently urinate in the night, have joint disorders or swelling in the feet and face should also get screened once in six months. “Any person with the kidney ailment, does not mean the end of the world. We have treatment available which can give them the new hope,” he added.last_img read more

Delhi Police deploys special team for Holi

first_imgNew Delhi: Delhi Police on Monday issued a statement outlining major preparations being undertaken for the day of Holi, which is to be celebrated on March 21 this year.The statement said that Traffic Police in the Capital city is making elaborate traffic arrangements in order to ensure the safety of motorists on the day. Usually, the Police Control Room (PCR) calls increase substantially ahead of Holi. This year, the police have geared up to identify vulnerable spots and will heighten the security arrangements there ahead of the festival of colour. Police said that traffic violations such as drink-driving, speeding, triple riding, red light jumping, riding without helmets and similar kinds of violations will be especially noted by several Special Traffic Police teams to deploy across the city. In addition, cases of minors caught driving, reckless driving, and performing stunts on the roads will also have consequences. According to the police, plans are afoot to deploy “special checking units” with alcometers at major intersections and vulnerable points to detect and prosecute cases of drink-driving. The law enforcement body has also planned to make arrangements for the special traffic police teams to constitute interceptors as well as local police teams and Police Control Room teams. The agency has also said that in accordance with direction from the Supreme Court Committee on Road Safety, police teams will be within their power to seize and suspend licenses of drivers/riders for a minimum of three months in cases of drink-driving, red light jumping, using phones while driving, reckless driving, and speeding. The police added that in cases of minors caught driving, the license of the registered owner of the vehicle may also be seized and suspended. Joint Commissioner (Traffic), K Jegadesan said, “We appeal to all motorists to avoid traffic violations, especially drink-driving. Also, parents should not allow minors to drive their vehicles. All motorists are advised to obey traffic rules and regulations issued by the police for their safety and the safety of other road users.”last_img read more

Jet pilots threaten to stop flying from Apr 1

first_imgMumbai: The umbrella body of the domestic pilots of the nearly crippled Jet Airways Tuesday threatened to stop flying from April 1, if the resolution plan is delayed and salary dues are not cleared by the end of this month.The decision was taken at the annual meeting of Jet Airways domestic pilots body National Aviators Guild after a meeting here lasting for over 90 minutes. The guild, which came into being almost a decade ago, represents around 1,000 domestic pilots at the airline. Also Read – India gets first tranche of Swiss bank a/c details”If there is no proper clarity on the resolution process and salary payments, by March 31, we will stop flying from April 1,” the guild said. Having failed to get any assurance from the management on salaries, the guild last week had written to Union labour minister Santosh Gangwar, seeking his intervention. Meanwhile, as Jet Airways, one of India’s largest airlines, hurtled towards bankruptcy, the government on Tuesday called an emergency meeting with its management. The cash-strapped carrier is struggling to make payments to its creditors and has been forced to cancel hundreds of flights as it fights competition, a weak rupee and rising fuel costs. The maintenance engineers’ union of the airline Tuesday wrote to the aviation regulator DGCA that they are owed three months of salary and flight safety “is at risk”. Also Read – Tourists to be allowed in J&K from ThursdayCivil Aviation Minister Suresh Prabhu tweeted Tuesday morning that he had asked for a compliance report from Jet and the aviation watchdog, the DGCA (Directorate General of Civil Aviation) immediately. Prabhu also said he had asked for an emergency meeting on the issues such as the grounding of aircraft, advance bookings, cancellations and refunds. There are reports that the government has asked central banks to bail out Jet Airways for the moment to prevent the airline from going bankrupt. “It is a dynamic situation and there may be further attrition in coming weeks,” the aviation regulator said in a statement. Asserting that it is ensuring that all aircraft in the fleet are maintained in accordance with the approved maintenance programme, DGCA said it is “continuously monitoring the overall situation and based on the same, will take appropriate steps by the end of the month, if needed.” Earlier Tuesday, the airline said it had grounded four more planes and would delay paying interest on maturing debt in a fresh sign of deepening liquidity crisis engulfing the carrier.last_img read more

French WWII veteran sells photo albums from Hitler manse

first_imgLa Roche-sur-Yon-  A French veteran made more than 10,000 euros on Friday selling four photo albums he took from Adolf Hitler’s mountain retreat as “a souvenir” in the final days of World War II.The albums, which contain pictures and messages of admiration, were presented to Hitler by supporters in the 1930s and early 1940s. Two of them are bound in red leather with the Reich eagle engraved on the cover.The books were sold at auction in La Roche-sur-Yon in France’s western Loire region. They went to a single buyer who paid a total sum of 10,100 euros ($13,700), an AFP reporter saw. Paul Gerbi, 92, who took the four items from Hitler’s library at his mansion, the Berghof, in Berchtesgaden in the southern state of Bavaria, said the proceeds from the sale make a nice gift for his grandchildren.Gerbi, who fought as a sergeant in General Philippe Leclerc’s 2nd Armoured Division, said he arrived at the mountain retreat in the Bavarian Alps on May 4, 1945, four days before the end of the war and four days after Hitler’s suicide in Berlin.“We were the first … The Americans arrived a bit later,” he said.“For us these are great memories because to arrive at Hitler’s place at the end of the war was great after all he had done.”Gerbi said that during the two days they spent at the Berghof they also sampled the “large number of excellent French wines” there.“My children did not want the albums, so I thought I might get something for them. I have lots of friends who sold stuff, especially after the war,” he said.last_img read more

Agadir First Englishbased Moroccan School Opens

Marrakech-  Following the advice of the Minister of Higher Education Lahcen Daoudi, the Moroccan School in Agadir has adopted English as its language of instruction. This is the first school using Moroccan and a Anglo-Saxon school program in English. Classes for the primary school are in session for the 2014-2015 academic year.The school’s Director of Academic Affairs, Fatima Iffsate, began working on the project 3 years ago. The school opened at the same time as the launch of the international baccalaureate in Morocco. The school’s goal is to strengthen the local education infrastructure by introducing new technologies and techniques that meet international standards and enable students to find high-level employment in line with their academic achievements, in order to prepare them as a capable future generation.As reported by Medias24, The Moroccan School in Agadir has high quality facilities. Its building has five stories and is 9,500 sq meters. There are interactive white boards in all classrooms and an intranet system so that teachers can communicate with each other, the administration, and students’ parents. The school has an innovative approach with a music room, theater, art gallery, library, sports ground, and a prayer room.The school is located on Boulevard Mohammed V in Agadir. It services students aged between 3 to 11. There are 70 teachers on faculty, half of whom are native English speakers. This enables the school to fulfill its educational mission while forging its own identity.The Moroccan School also plans to open a college for students to earn a bachelor’s degree. It plans to initiate partnerships up with international universities in the United States, Canada, and the United Kingdom.Morocco is currently seeing its private education system open up to foreign languages (including English) and partnerships with overseas universities to allow Moroccan students to achieve internationally recognized degrees. read more

Dakhla Moroccos Amazing Kitesurfing Destination

Taroudant – Dakhla in the southern region of Morocco is one of country’s most attractive tourist destinations. The peninsula, which stretches into the Atlantic Ocean, offers ideal conditions for surfers and beach lovers.With water at 25 ° throughout the year, Dakhla is a must destination and a haven for any surfer and water sports enthusiasts.Surfing is one of the challenging sports that demand skills and physical efforts. However, for beginners, there are some places in the world that turns this demanding sport into a very enjoyable experience.The Moroccan city of Dakhla is an example of these places for the bountiful advantageous factors it afford, such as warm water, soft waves, easy access, and loads of expert help.With nearly 3,500 miles of diverse beautiful coastline, last October Morocco was ranked third five best places to learn to surf in the world. read more