#TeamstersCanada; #CNRail; #TentativeDealReached; #ToEndWeeklongStrike
Ottawa, Nov 26 (Canadian-Media): An announcement was made by François Laporte, president of Teamsters Canada that a tentative deal had been reached between Teamsters Canada and CN Rail to end a weeklong strike to renew the collective agreement for more than 3,000 railway workers, media reports said.
CN Railways. Image credit: Twitter handle
Teamsters Canada and CN's normal operations will resume on Tuesday across Canada.
The railway workers had raised worries about long hours, fatigue and what they considered dangerous working conditions. CN suggested said the union's claim should revolves around worker compensation.
A number of affected industries and provincial governments had put a lot of pressure on federal government to help end the strike.
On Monday hundreds of Quebec farmers marched through Montreal streets alongside a convoy of tractors to dump heaps of corn at the steps of Trudeau's riding office and called on Ottawa to resolve the week-long strike.
#Calgary; #Alberta; #CrucialOilPatchIssues; #Bill C-69; #Bill C-48; #LossOfEmplyment; #ToReviveCanada'sEconomy
Calgary (Alberta), Nov 22 (Canadian-Media): Seamus O'Regan, appointed as the new natural resources minister arrived in Alberta Thursday night to solve the top crucial issues for the oilpatch, media reports said.
Seamus O'Regan Credit: Wikipedia
There are 50,000 fewer people working in oil and gas than there were five years ago, before the price of oil collapsed in 2014.
This had caused a decline in investment in oil and gas production in Canada from about $80 billion in 2014 to about $40 billion in 2018 and 2019.
Newfoundland and Labrador MP Seamus O'Regan was handed over the toughest portfolio by Canada's Prime Minister Justin Trudeau on Wednesday, when the new cabinet was announced, to solve two pieces of legislation (Bill C-69) and (Bill C-48) which have been widely protested due to the fear that oil-based economy in Alberta would be phased out
Jim Carr, the federal government's new special representative for the Prairies, also said on Thursday that probe into these two pieces of legislation could be fruitful.
Lori Williams, a political scientist at Mount Royal University in Calgary said the minister's visit soon after being sworn into cabinet signals that
"Alberta is a priority, that the oil industry is a priority and that the government wants to continue to strike that very delicate balance between energy and the environment,"
O'Regan also said on Thursday, he'll be returning to Alberta again next week yo meet people in a variety of roles related to the oilpatch.
#Quebec,#CNRailStrike, #EmergencyShortageOfPropane; #RationingPropaneInQuebec
Montreal (Quebec), Nov 21 (Canadian-Media): The looming Canadian National (CN) Railway strike has posed a threat to Quebec's regular supply of propane as the a vast majority of it is transported by rail from Sarnia, Ontario, media reports said.
CN Railways. Credit: Twitter handle
In the wake of Quebec's emergency shortage of propane, Quebec Premier François Legault was concerned about the growing threat of heating systems of hospitals and elderly residences across the province shutting down if CN rail strike is not resolved.
Around 3,200 unionized CN workers went on strike early Tuesday with their demands for improved working conditions.
Legault said he's been in touch with Trudeau's office while other members of his government have reached out to federal Transport Minister Marc Garneau to support back-to-work legislation and added,
"The strike cannot last," Legault said statement to journalists in Quebec City.
"Ideally, we hope for an agreement between the union and CN. But we can't rule out the need for a special bill in Ottawa."
He said the province is trying to find enough trucks to transport additional propane by road and added rationing scheme was put in place and hospitals and elderly residences as well as farmers will be prioritized in the rationing scheme.
Many farmers had been hit hard by the early snow and were relying on propane to dry out harvested grain.
#Canada; #CNRailStrike; LossToCanadianEconomy; #IndustrialFacilitiesShutDown
Ottawa, Nov 20 (Canadian-Media): Canadian Prime Minister Justin Trudeau had been urged by industry leaders and other leaders from a variety of sectors, such as agriculture and manufacturing to end Canadian National (CN) Rail strike pointing to the loss of Canadian economy as some industrial facilities have already shut down because of the work stoppage, media reports said.
CNRail. Image credit: Twitter handle
CN is a true backbone of the economy transporting more than C$250 billion worth of goods annually for a wide range of business sectors across a rail network of approximately 20,000 route-miles spanning Canada and mid-America.
As a result of the unsuccessful negotiations on a new contract for workers, who have been without a contract since July 23, about 3,200 conductors, train persons and yard workers had walked off the job on Tuesday.
Unable to store more than a few days' worth of their products, most chemical production facilities had to halt production so soon. Farmers who've already experienced a challenging year because of weather ranging from excess moisture to drought had also been hit by commodity prices.
The timing of the strike couldn't be worse, said Dave Bishop, coming during the tail end of the harvest when farmers are trying to sell their crops.
The oil industry is closely watching the situation at CN Rail, since 60 per cent of crude-by-rail exports in Canada are transported by the Montreal-based company.
"If they get this thing settled within the next five to seven days, the impact should be pretty minimal," said Martin King, a senior commodities analyst with RBN Energy.
"If it starts dragging on beyond a week or 10 days, you'll start to notice more of an impact," he said.
Crude oil shipments were on the rise by CN Rail leading up to the work stoppage. The data in this chart includes the shipment of all petroleum products. Image credit: Martin King/RBN Energy
The most impact of the strike would be felt in Western Canada, said Barry Prentice, a transportation economist at the University of Manitoba, considering its resource base such as mining, agriculture and oil.
About $250 billion worth of goods are carried annually by the company.
About 20 percent of CN Rail's total revenue is accounted for by Petroleum and chemicals, followed by grain and fertilizer with 16 percent and forest products with 13 percent.
Conservative Leader Andrew Scheer had also urged Trudeau to immediately recall Parliament to enact emergency legislation to end CN rail strike.
#Parliamentary Budget Officer; #SlowEconomy&DeeperFederalBudgetPredicted
Ottawa, Nov 14 (Canadian-Media): A warning was issued by the Parliamentary Budget Officer (PBO), which provides independent, authoritative and non-partisan financial and economic analysis, waned rougher economy and a deeper federal deficit, with no certainty on how much deeper, media reports said.
PBO predicted the economic slowing because of an ongoing trade dispute between the world's two biggest economies — the United States and China — and increasing protectionism around the world.
This will deepen the annual deficit by $1.6 billion creating a deficit of $21.1 billion when the current fiscal year wraps up in March 2020, and $23.3 billion in the ensuing 12-month period. The office expects the deficit will shrink to $11.1 billion in 2024-2025.
The worsened shortfall is the result, the budget office says, of lower tax revenues and higher operating expenses for the federal government than had been expected with the unlikelihood of the budget being balanced by the 2024-2025 fiscal year.
The PBO report suggests warns that any new spending or changes in tax revenues could mean the ratio doesn't decline as the government hopes. It also notes that the government hasn't set any date for when it hopes to get back to balance.
The party's 2019 platform forecast a deficit next fiscal year of almost $27.4 billion and $23.7 billion the year after, relying on the PBO's forecasts from June.
The updated forecast wouldn't shift the Liberals' deficit projections too much in 2020-2021, but the PBO's new numbers would add $4 billion to the deficit the year after — making it closer to $27.3 billion.
#Quebec'sEconomySurplus; #HelpingQuebceFamilies; #EnhancedFamilyAllowance
Quebec, Nov 7 (Canadian-Media): With a flourishing economy, the Coalition Avenir Québec government is trying to help the families on its promise by eliminating the sliding-scale system for daycare fees and boosting the child allowance earlier than expected, media reports said.
Eric Girard. Image credit: Facebook page
Finance Minister Eric Girard announced that out of $857 million in new expenditures for the current fiscal year, $525 million would be for expenditure and $332 million of which will go back into the pockets of Quebecers.
"The economy is performing remarkably well, and this increases our revenues, allows us to give money back to Quebecers and still have responsible fiscal management," Girard said at a news conference Thursday.
Among the highlights are: Full implementation of enhanced family allowance in January 2020 and families will receive an additional $779 on average; The CAQ's promised return to a single-fee system for public daycare will be retroactive to the beginning of 2019 will allow an average savings of $1,100 for 140,000 families. The money back varies on the income of the parents; Starting in the spring of 2020, hospital parking fees will be capped at around $7 to $10 depending on the region, and the first two hours will be free. Earlier fees in some places were more than $20; and Families of children with disabilities who require special care will receive an additional $652 per month.
Girard said the province was driven by an increase of 2.4 percent in GDP in 2019, the 2019-2020 fiscal year would be having a surplus of $1.4-billion after transferring more than $2.5 billion in surplus cash into the Generations Fund to pay the province's gross debt.
Carlos Leitão, a former finance minister and now critic for the Opposition Liberals, said the economic update was a boon for some, but left others behind and shows concerns for those who don't have kids and the elderly.
He also noted the government's plans for tying Hydro-Québec rates to the yearly inflation figure would imply higher electricity bills.
Meanwhile Quebec's labour federation (FTQ) said more money should have been put toward public services and said,
"We hoped better from this government who, in opposition, was constantly attacking the Liberals and their obsession with austerity," said FTQ president Daniel Boyer.
#Toronto, #City'sNightEconomyAmbassador; #StrengtheningToronto'sNighttimeEconomy
Toronto, Nov 6 (Canadian-Media): An announcement was made today by Toronto's Mayor John Tory regarding the appointment of Deputy Mayor Michael Thompson (Ward 21 Scarborough Centre), Chair of the Economic and Community Development Committee, as the City's Night Economy Ambassador, media reports said.
"I am committed to continuing to strengthen and grow Toronto's economy, including our nighttime economy, the new competitive edge for global cities. Toronto has a thriving night life but I believe this collaborative approach will help enhance and grow this economy for residents, tourists and the tens of thousands of Torontonians it employs," said Tory
John Tory/Facebook page
Earlier this year, Tory pledged to growing Toronto's evening economy. The City Council endorsed the Strengthening Toronto's Nighttime Economy report on July 16 and requested the designation of Toronto's Night Economy Ambassador from the members of Council.
Thompson would become the champion on City Council for Toronto's nighttime economy.
All social, cultural and economic activities that take place between 6 p.m. and 6 a.m. in the city are described by the term "nighttime economy", which has become an as an important part of the overall economy of modern cities including Toronto.
"As the City's first Night Economy Ambassador, I will continue advocating for Toronto's music, entertainment and culture sectors...I will engage with residents and local businesses to ensure they are properly consulted throughout this process," said Thompson.
The Toronto region's nightlife employs tens of thousands of people in many sectors such as music, entertainment and nighttime vibrancy into its civic culture, and attracts and retains young people, and increases tourism throughout the year.
Edmonton's economic impact from its late-night entertainment economy was $1.4 billion in 2014 and nighttime economy of New York City's reported that it had an economic output of $19.1 billion (USD) in 2016.
Council also suggested over the next three years the staff should implement the Toronto Nightlife Action Plan to strengthen Toronto's nightlife, using and re-aligning existing City resources.
The City is to grow and foster this important sector by working across divisions and engaging further with Toronto nightlife industry leaders and residents.
#StatisticsCanada; #Canada; #Canada'sMerchandiseTradeDeficit
Ottawa, Nov 5 (Canadian-Media): Canada's merchandise trade deficit narrowed to $978 million in September compared with a revised deficit of $1.2 billion in August, Statistics Canada reported.
Statistics Canada is the national statistical office which ensures Canadians to be well-informed on key information on Canada's economy, society and environment to enable them to function effectively as citizens and decision makers.
Statistics Canada. Image credit: Twitter handle
The resulted deficit is due to the declining of Canada's imports to 1.7 percent in September, while exports declined 1.3 percent.
Imports of metal and non-metallic mineral products fell 9.2 percent in September due to a drop in gold imports.
Meanwhile, total exports fell 1.3 percent to $49.8 billion.
Exports of metal and non-metallic mineral products declined to 7.3 percent.
Due to a decline in crude oil exports, exports of energy products fell to 2.6 percent.
(Reporting by Asha Bajaj)