Federal budget

Village Farms International Enthusiastically Supports Standing Committee’s Recommendations for New Cannabis Excise Duty Model

Retrieved on: 
Thursday, February 29, 2024
CRA, Collection, Committee, Commons, Federal budget, Committee on Finance, Revenue, Income tax, House, Legislation, Parliament, Cannabis Act, Cannabis

VANCOUVER, British Columbia and ORLANDO, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) enthusiastically supports recommendations on changes to the current Cannabis Excise Duty model released this week by the Canadian House of Commons Standing Committee on Finance.

Key Points: 
  • VANCOUVER, British Columbia and ORLANDO, Fla., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) enthusiastically supports recommendations on changes to the current Cannabis Excise Duty model released this week by the Canadian House of Commons Standing Committee on Finance.
  • Those recommendations include adjustment to the excise duty formula for cannabis so that it is limited to a 10% ad valorem (proportionate to value) rate.
  • When the Cannabis Excise Duty model was first adopted, it envisioned a retail selling price of cannabis much higher ($10-plus per gram) than is currently prevalent in today’s market, such that the $1 per gram duty would have effectively been aligned to a 10% ad valorem tax rate.
  • Related to excise duty payments, Village Farms also notes recent reports with respect to the Canadian Revenue Agency’s (CRA) collection enforcement of the growing past due excise tax balances.

Construction industry condemns Environment Minister's lack of support for Canada's road infrastructure

Retrieved on: 
Thursday, February 15, 2024
Hospital, FCM, Federal budget, Federation, Government, School, Guilbeault, Environment, Movement, Housing

OTTAWA, ON, Feb. 15, 2024 /CNW/ - Canada's construction industry is demanding clarity from the Government of Canada on future investment in new road infrastructure after comments made earlier this week by Environment Minister Steven Guilbeault.

Key Points: 
  • OTTAWA, ON, Feb. 15, 2024 /CNW/ - Canada's construction industry is demanding clarity from the Government of Canada on future investment in new road infrastructure after comments made earlier this week by Environment Minister Steven Guilbeault.
  • While Guilbeault explained that support to provinces for maintenance will continue, existing road infrastructure "is perfectly adequate to respond to the needs we have."
  • The government is asking our industry to build 5.8 million new homes, but is overlooking the investment needed to support these homes and communities.
  • We not only need the road networks to support their movement; we also need to shore up our trade infrastructure, which includes roads, bridges and highways."

Severe Weather in 2023 Caused Over $3.1 Billion in Insured Damage

Retrieved on: 
Monday, January 8, 2024
Climate change, Earthquake, Risk, Wildfire, IBC, Disaster, Federation, NWT, Insurance, Weather, Federal budget

TORONTO, Jan. 8, 2024 /CNW/ - For the second year in a row, Canada exceeded $3 billion in insured damage from natural catastrophes and severe weather events.

Key Points: 
  • TORONTO, Jan. 8, 2024 /CNW/ - For the second year in a row, Canada exceeded $3 billion in insured damage from natural catastrophes and severe weather events.
  • Nationally, insured damage for severe weather events reached over $3.1 billion in 2023, according to Catastrophe Indices and Quantification Inc. (CatIQ).
  • In fact, 2023 is now the fourth-worst year for insured losses in Canada.
  • While 2023 was a record-breaking year for wildfires, flooding also continued to cause destruction in nearly every region across Canada.

How critical funding for the National Adaptation Strategy will help protect Canadians from climate-related threats

Retrieved on: 
Thursday, November 2, 2023
Government, Parliament, Weather, Housing, Wildfire, Life, Climate, Flood, Organization, Improve Canada, Federation, Acquisition, First Nations, Federal budget, NDP, Risk, The Adaptation Fund, Diversity, Investment, Climate change, Risk management, Insurance, Cryptocurrency

Today in Ottawa, 75 members and supporters of the Climate Proof Canada Coalition met with cabinet ministers and key members of opposition parties.

Key Points: 
  • Today in Ottawa, 75 members and supporters of the Climate Proof Canada Coalition met with cabinet ministers and key members of opposition parties.
  • They delivered climate adaptation recommendations and showed strong support for including funding for the National Adaptation Strategy in the upcoming Fall Economic Statement and Budget 2024.
  • "To deliver on the promise of our world-leading National Adaptation Strategy – and to better protect Canadians from climate-related threats and harm – requires government to invest at least $5.3 billion annually in the National Adaptation Strategy over the next six years."
  • Government should also expand existing program eligibility requirements so that First Nations, Métis and Inuit communities can better access initiatives related to the National Adaptation Strategy.

How U.S. House Members Voted on 100 Top Issues Since 2021, from Climate to Guns to Book Banning

Retrieved on: 
Monday, October 30, 2023
Woman, Election, Birth control, Affordable Care Act, Female, Health, 2010 Georgian news report hoax, Roe v. Wade, Labour, Council On Energy, Environment and Water, Foreign, GOP, Police, Committee, Republican, Congress, Assault, 117th United States Congress, Firearm, Law enforcement, United States House of Representatives, Democrat, Democracy, Debt limit, Federal budget, Federal law, Foreign Affairs, State (polity), Climate, House, Education, Archive, AR, Electoral Count Act, Teaching, Defense, Athlete, Economy, Nursing, Environment, Privacy

(1) Biden-McCarthy Budget Deal (2) Student Loan Forgiveness (3) "ESG" Retirement Investments (4) Expanding Child Tax Credit (5) Passing Federal Budget (5) Inflation Reduction, Climate Investments and other issues.

Key Points: 
  • (1) Biden-McCarthy Budget Deal (2) Student Loan Forgiveness (3) "ESG" Retirement Investments (4) Expanding Child Tax Credit (5) Passing Federal Budget (5) Inflation Reduction, Climate Investments and other issues.
  • (1) Biden-McCarthy Budget Deal (2) Republican Budget Plan (3) Clean Extension of Debt Limit and other issues.
  • (1) Undermining Affordable Care Act (2) Ending Vaccine Mandate for Foreign Travelers (3) Ending Vaccine Mandate for Healthcare Workers and other issues.
  • (1) Arbitration in Sexual Abuse Cases (2) Nullifying Non-Disclosure Clauses (3) Labor's Right to Organize and other issues.

Can Biden bounce back as the US presidential race turns nastier?

Retrieved on: 
Friday, September 29, 2023
News, The Washington Post, Pressure, Human, White House, Industry, Democracy, Brookings Institution, Comparison, Public opinion, Speech, Democrat, NBC News, Trump, Grover, Neck, Republican Party, ABC News, CNN, White, Republicanism, Bangladesh Technical Education Board, Television, ABC, Republican, Federal budget, Committee for a Responsible Federal Budget, House, Monmouth University, Renewable energy, Cryptocurrency

Antagonism between the two expected candidates for US president in 2024 is ramping up as the political battleground turns increasingly nasty.

Key Points: 
  • Antagonism between the two expected candidates for US president in 2024 is ramping up as the political battleground turns increasingly nasty.
  • Americans continue to be concerned about threats to US democracy, according to a NPR/PBS NewsHour/Marist poll.
  • In the same week, Trump’s speech to car industry workers in Detroit pointedly tried to drive a wedge between Biden and working-class voters.

It’s the economy, stupid

    • An ABC News/Washington Post poll on September 24 found that 44% of respondents believe they are financially worse off under Biden.
    • While his administration can rightly point to strong economic growth, near full employment, and record investment in infrastructure, one economic metric remains a critical area of concern: rising prices.
    • Senior fellow at the Brookings Institution, William A. Galston said that “the earnings of most US households declined significantly last year.
    • Gary Langer, a public opinion researcher and political analyst, has observed that: “When he reluctantly left office in January 2021, 38% approved of (Trump’s) work as president… But currently, looking back, 48% say they approve of Trump’s performance when he was in office… Comparison with Biden may be a factor.”

The age factor

    • The other political issue at play for Joe Biden is his age.
    • In a recent NBC News poll, 74% of voters stated that they had concerns about an octogenarian president as well as his mental fitness.
    • In May 2023 Trump was found liable in a civil trial of sexually assaulting advice columnist E. Jean Carroll in 1996.
    • With 13 months to go before the next presidential election, Biden and Trump remain in an incredibly tight race according to recent polling.

TRANSFORMA PROVIDES UPDATE ON MAC NICKEL PROPERTY AND ANNOUNCES OFFERING OF CRITICAL MINERALS FLOW-THROUGH SHARES

Retrieved on: 
Tuesday, September 26, 2023
AS Inur Transforma, TSX Venture Exchange, Section 50C of the Isle of Man Income Tax Act 1970, Exchange, Sale, MAC, Soil, Chromium, Nickel, Offering, Federal budget, Income Tax Act, TFM, 1993 Canadian federal budget, Cobalt, FPX, Rare-earth element, Iron ore

Vancouver, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Transforma Resources Corporation (the "Company" or "Transforma") (TSX-V: TFM) is pleased to report that it has recently completed an initial sampling program on the MAC Nickel Property, the results of which are currently pending. The Company intends to provide results after completion of testing and review by a qualified person.

Key Points: 
  • Separately, the Company is announcing its intention to raise funds for further exploration through the sale of flow-through common shares (the “FT Shares”).
  • Transforma is focused on advancing battery metal quality nickel deposits within its flagship MAC Property.
  • In 2012, highly anomalous levels of nickel and chrome, hosted in ultramafic rocks were discovered on the MAC Property.
  • Detailed and technical information on the MAC Property, as well as Transforma’s 100% owned Thunder Copper Property can be found on the new website.

Port of Newcastle and MHI Announce Clean Energy Partnerships Enabling Port of The Future in Newcastle

Retrieved on: 
Wednesday, July 12, 2023
Partnership, Senior, Mitsubishi Heavy Industries, Climate, Hydrogen, Precinct, Electricity, Hunting, Climate change, Water supply, Government, Wind, Hunter Region, MHI, Ammonia, MOU, Project, Commonwealth, CO2, Federal budget, Intermodal freight transport, Renewable energy, Port of Newcastle, Primary energy

Port of Newcastle CEO Craig Carmody said the once in a generation project was the centrepiece of the Port's future diversification strategy.

Key Points: 
  • Port of Newcastle CEO Craig Carmody said the once in a generation project was the centrepiece of the Port's future diversification strategy.
  • Port of Newcastle CEO Craig Carmody said the once in a generation project was the centrepiece of the Port's future diversification strategy.
  • Together the Port of Newcastle and Mitsubishi Heavy Industries will collaborate on optimization of the configuration of the Port's Clean Energy Precinct, explore opportunities for MHI to supply technology to the Clean Energy Precinct and across the Hunter Region, the export of clean energy products to Japan and the potential further collaboration with other clean energy projects in the port area across a range of energy vectors.
  • Further information on the Clean Energy Precinct project can be found at Clean Energy Precinct including a factsheet with details of the MOU and supporting partnerships.

VOLT LITHIUM SUCCESSFULLY CLOSES FINANCING RAISING $6.8 MILLION

Retrieved on: 
Friday, August 4, 2023
Lithium, Unit, HD, Indian stock exchange, Income Tax Act 1967, Private, Tax, VLT, Agency agreement, Foreign Investment in Real Property Tax Act, Sale, Agent, Offering, Setter Capital Inc, Income Tax Act, United States federal budget, Federal budget, Security (finance), Volt

Calgary, Alberta, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV: VLT) ("Volt" or the "Company") is pleased to announce that it has successfully raised $6.8 million under its previously announced financing (the “Offering”).

Key Points: 
  • Calgary, Alberta, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Volt Lithium Corp. (TSXV: VLT) ("Volt" or the "Company") is pleased to announce that it has successfully raised $6.8 million under its previously announced financing (the “Offering”).
  • Volt was also advised on the Offering by 3L Capital Inc.
  • Under the public offering, Volt issued 14,956,590 units ("HD Units") at a price of $0.22 per HD Unit and 11,262,500 flow-through units ("FT Units") at a price of $0.24 per FT Unit and, raising gross proceeds of approximately $6 million.
  • Through both the Offering and Concurrent Private Placement, Volt raised gross proceeds of approximately $6.8 million.

VOLT LITHIUM ANNOUNCES FILING OF PROSPECTUS SUPPLEMENT IN RESPECT OF $6 MILLION MARKETED PUBLIC OFFERING OF UNITS AND ANNOUNCES $1.2 MILLION CONCURRENT PRIVATE PLACEMENT OF UNITS

Retrieved on: 
Friday, July 28, 2023
Lithium, Exercise, Unit, HD, FT, Indian stock exchange, TSX Venture Exchange, Income Tax Act 1967, Private, Tax, VLT, Special-purpose acquisition company, FSE, Person, Foreign Investment in Real Property Tax Act, Sale, Agent, Offering, Shelf, Income Tax Act, United States federal budget, Federal budget, Regulation, Security (finance)

Canaccord Genuity Corp. (“Canaccord Genuity”) are leading the Offering on behalf of a syndicate of agents including Paradigm Capital Inc. (collectively, the “Agents”).

Key Points: 
  • Canaccord Genuity Corp. (“Canaccord Genuity”) are leading the Offering on behalf of a syndicate of agents including Paradigm Capital Inc. (collectively, the “Agents”).
  • Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.33 for 24 months following the completion of the Offering.
  • If the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering will be $6,900,000.
  • The aggregate gross proceeds from the Offering (assuming full exercise of the Over-Allotment Option) and the Concurrent Private Placement will be approximately $8,100,000.