Reading Time: < 1 minute Reuters — Struggling oil and gas companies in Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines, the provincial government said on Monday. The Alberta government said it would also lower property tax assessments on less-productive wells and eliminate a provincial tax on drills. […] Read more
Tag Archives energy
Alberta gives oil and gas drillers municipal tax break
Meat leads Canadian industrial producer prices higher in May
Reading Time: 2 minutes Ottawa | Reuters — Canadian industrial producer prices rose 1.2 per cent in May on higher prices for meat, fish and dairy products, Statistics Canada said on Monday, as supply chain disruptions caused by the coronavirus pandemic and increased demand boosted meat prices. The gain in producer prices followed four months of consecutive decreases and […] Read more
U.S. livestock: Futures surge as investors snap up discounts
June live cattle limit up off Monday's limit-down drop
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures surged on Tuesday — with live cattle futures up to their 4.5-cent expanded limit — as steep discounts in futures prices over the current cash markets wooed investors to buy back in, traders said. Feeder cattle also jumped to their normal trading day limits, as the sector overall […] Read more
Alberta farmers warned against oil well tampering
Advocate warns off 'reckless advice'
Reading Time: 2 minutes Alberta’s Farmers’ Advocate Office (FAO) is warning any farmers and ranchers in dispute with resource companies over compensation for well sites not to go in and tamper with the taps. The FAO last week issued a statement reminding the public that “interfering with any oil and gas infrastructure or that of an electrical distribution utility […] Read more
Maple Leaf lands ‘sustainability-linked’ credit
Reading Time: 2 minutes Canadian food processor Maple Leaf Foods is taking its recently-established sustainability cred to the bank. The Toronto food firm announced Wednesday it’s the first Canadian company to secure “sustainability-linked terms” for its credit facilities. Specifically, the company has picked up an unsecured committed revolving line of credit and two unsecured committed term facilities for a […] Read more
Canadian merchandise exports reach all-time high
Reading Time: < 1 minute CNS Canada – Exports of Canadian merchandise reached an all-time high of C$50.699 billion in June of this year with exports of farm, fishing and intermediate food products making up $C2.981 billion of that. Statistics Canada reported on Aug. 7 that farm, fishing and intermediate food product exports rose 7.6 per cent year over year, […] Read more
Canada invests in Canadian biomass and composites industries
Reading Time: < 1 minute Federal and provincial governments are investing up to $2.9 million to the Composites Innovation Centre Manitoba for two initiatives. The funds will go towards the development of quality standards and measurement techniques for Canadian biomass, and research into overcoming technology barriers to the adoption of natural fibres in the composites industry, a news release says. […] Read more
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