Newfoundland and Labrador

Fraser Institute News Release: Aging population in Atlantic Canada leads to persistent deficits and increased health-care spending

Retrieved on: 
Tuesday, November 30, 2021
Pressure, Ageing, Canada, Labrador, Population, Bangladesh Technical Education Board, Policy, GDP, Risk, GLOBE, Atlantic Canada, Newfoundland and Labrador, Public policy, Fraser Institute, Health insurance

HALIFAX, Nova Scotia, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Atlantic Canadas senior population will reach more than a quarter of the total population by 2043, leading to persistent budget deficits and increased health-care spending, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

Key Points: 
  • HALIFAX, Nova Scotia, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Atlantic Canadas senior population will reach more than a quarter of the total population by 2043, leading to persistent budget deficits and increased health-care spending, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
  • Atlantic Canadas aging population will only put more pressure on provincial finances in the coming years, said Jake Fuss, senior economist at the Fraser Institute and co-author of The Implications of an Aging Population for Government Finances in Atlantic Canada .
  • The risk of future recessions, rising interest rates, and other unexpected events will only compound problems further.
  • If Atlantic Canadian governments want to avoid even more red ink in the future, they will have to make policy changes and better control spending, Fuss said.

Voisey’s Bay Mine awarded Miner of the Year

Retrieved on: 
Thursday, November 25, 2021
Care and maintenance, Long Harbour, Safety, Workforce, Health, Vale, LTI, COVID-19, Metallurgy, NL, Travers, GLOBE, Newfoundland and Labrador, CIM, Oil

Vales Voiseys Bay Mine has been working on the simultaneous development of two underground mines, while continuing operations of mining from the Ovoid.

Key Points: 
  • Vales Voiseys Bay Mine has been working on the simultaneous development of two underground mines, while continuing operations of mining from the Ovoid.
  • The mine expansion in Voiseys Bay will extend the life of mine until at least 2035 and provides for continuity of operations at the Long Harbour Processing Plant.
  • This award also recognizes that the Voiseys Bay Mine Expansion (VBME) project team have had zero Lost Time Injuries (LTI) on the project since it started.
  • Additionally, Vale is awarded the 2021 Miner of the Year for its health and safety contributions during the COVID-19 pandemic.

Fraser Institute News Release: Economic freedom on the wane across Canada

Retrieved on: 
Tuesday, November 16, 2021
Quality of life, Nova Scotia, Contract, Fraser Institute, Government, Research, Policy, Entrepreneurship, Bangladesh Technical Education Board, Public policy, Nobel, GLOBE, Fraser, Newfoundland and Labrador, Oil

Economic freedomthe ability of individuals to make their own economic decisions about what to buy, where to work and whether to start a businessremains fundamental to prosperity.

Key Points: 
  • Economic freedomthe ability of individuals to make their own economic decisions about what to buy, where to work and whether to start a businessremains fundamental to prosperity.
  • Higher levels of economic freedom lead to more opportunity, more prosperity, greater economic growth, more investment and more jobs for Canadians, said Fred McMahon, the Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute and co-author of this years Economic Freedom of North America report, which measures government spending, taxation and labour market restrictions using data from 2019 (the latest year of available comparable data).
  • As economic freedom wanes across Canada, the economic prospects also diminish for Canadians and their families, McMahon said.
  • Dr. Michael A. Walker Research Chair in Economic Freedom, Fraser Institute
    The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of think-tanks in 87 countries.

Toromont Announces Results for the Third Quarter of 2021 and Quarterly Dividend

Retrieved on: 
Thursday, November 4, 2021
Mission statement, Safety, Industry, Conversation, International Financial Reporting Standards, EPS, Engineering, Labrador, SEDAR, Insurance, Income, Telephone, Financial statement, COVID-19, International, Workforce, Annual report, Perception, Board, Company, Solution, Board of directors, Mining, Interest, Newfoundland and Labrador, Group, Risk management, Management, Video game, Health insurance, Airline, Oil, Cryptocurrency, Animal

Revenues increased 8% in the quarter reflecting solid activity levels in most markets, as well as good execution from our teams.

Key Points: 
  • Revenues increased 8% in the quarter reflecting solid activity levels in most markets, as well as good execution from our teams.
  • Product support revenues were 4% higher and rental revenues were up 6% compared to the third quarter last year.
  • Bookings increased $168.8 million or 45% to $539.9 million in the quarter and $853.1million or 85% to $1.9 billion year-to-date.
  • The quarterly dividend was previously increased 12.9% to 35 cents per share effective with the dividend paid July 5, 2021.

Marathon Gold Provides Commentary on its Environmental Assessment Process in Newfoundland and Labrador

Retrieved on: 
Thursday, November 4, 2021
Knowledge, Woman, Climate change, TSX, Life, Forestry, IAAC, Diversity, Project, EAC, Acquisition, Data analysis, Investor, GLOBE, MOZ, Engineering, SEA, Association, Environment, Public expenditure, Miawpukek First Nation, 2009 Davis Cup, Health, Education, Water, Gender equality, Feasibility study, EIS, Resource management, Revenue stream, EA, Traditional knowledge, CEO, Letter, Gold, News, Carbon accounting, Environmental impact assessment, Newfoundland and Labrador, Victoria, Government, NL, National instrument, Person, Review, Qalipu First Nation, Acid mine drainage, Disability, Economics, Employment, Marathon, GPS, Mining, Risk management, Hunting

TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is providing additional information on the status of the Newfoundland and Labrador (NL) Environmental Assessment (EA) process for the Valentine Gold Project (the Project).

Key Points: 
  • TORONTO, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is providing additional information on the status of the Newfoundland and Labrador (NL) Environmental Assessment (EA) process for the Valentine Gold Project (the Project).
  • The Valentine Gold Project is subject to regulation under the environmental protection regimes of the Canadian Environmental Assessment Act, 2012 and the NL Environmental Protection Act.
  • An NL Environmental Assessment Committee (EAC) for the Project was established on July 3, 2019, and the Projects Environmental Impact Statement (EIS) was filed on September 29, 2020.
  • Following regulatory and public review, federal Information Requirements (IRs) and provincial review comments were issued to Marathon in February 2021.

Toromont to Announce Third Quarter 2021 Results on Thursday, November 4, 2021

Retrieved on: 
Thursday, October 21, 2021
Engineering, Labrador, Group, Industry, Newfoundland and Labrador, TSX, TIH, GLOBE, Caterpillar, Management

TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) will release its third quarter 2021 results after markets close on Thursday, November 4, 2021.

Key Points: 
  • TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) will release its third quarter 2021 results after markets close on Thursday, November 4, 2021.
  • Analysts, members of the media and other interested parties are invited to participate in a teleconference and audio webcast on Friday, November 5, 2021 at 8:00 a.m. (Eastern) to discuss the financial results and operating highlights.
  • In addition, the Group includes industry leading rental operations, a complementary material handling business and an agricultural equipment business.
  • This press release and more information about Toromont Industries Ltd. can be found at www.toromont.com .

Marathon Gold Investing in Newfoundland & Labrador

Retrieved on: 
Monday, October 18, 2021
Knowledge, Diversity, Miawpukek First Nation, Project, Engineering, procurement, and construction, Cabinet, EA, GLOBE, Public expenditure, EIS, Employment, Economics, Engineering, Gold, Bed, Newfoundland and Labrador Hydro, TSX, NL, Detailed engineering, Person, Maintenance, Gender equality, Environmental impact assessment, Marathon, Climate change, Environmental issues, Department, MOZ, Feasibility study, Woman, Education, Environment, SEA, MOU, Newfoundland and Labrador, Resource management, Traditional knowledge, Qalipu First Nation, Scientist, Disability, News, Waste management, EPC, Golder Associates, National instrument, Mining, Construction

TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on the ongoing project development activities at the Valentine Gold Project in central Newfoundland (the Project), with a specific focus on employment and procurement within the province of Newfoundland and Labrador (NL).

Key Points: 
  • TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on the ongoing project development activities at the Valentine Gold Project in central Newfoundland (the Project), with a specific focus on employment and procurement within the province of Newfoundland and Labrador (NL).
  • Cooperation Agreements have been concluded with the six central Newfoundland communities located closest to the Project, identifying the interests of each community in employment, business opportunities, community investment, and environmental protection.
  • Of these packages, Newfoundland and Labrador sourced goods and services comprise 55% of the total by value, or 88% when the value of mobile mining and drilling equipment manufactured outside NL is excluded.
  • Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world.The Project comprises a series of five mineralized deposits along a 20-kilometre system.

PMML Corp. Announces Filing of Preliminary Prospectus, Conditional Approval for Listing on the TSXV and Reminder of Meeting

Retrieved on: 
Thursday, September 16, 2021
Ontario Lottery and Gaming Corporation, Canada Border Services Agency, CEO, The Meeting, Meeting, Sport, Cabinet, Murdoch Mysteries, Food Network, Dual, Class, Circular, Shareholder, Gambling, CRO, Subscription business model, Sonar Entertainment, Twitter, National, GLOBE, HGTV, Hierarchy, Government, National security advisor, Associate, Quest, Prospectus, TSX Venture Exchange, Proxy, PMML, Foreign Affairs, Offering, Newfoundland and Labrador, Technology, Rivalry, Company, Multiple, B2B, News, Security (finance), Holding company, Online gambling

No securities are being sold pursuant to the Prospectus and no additional proceeds are being raised.

Key Points: 
  • No securities are being sold pursuant to the Prospectus and no additional proceeds are being raised.
  • Listing and trading of the New Subordinate Voting Shares is subject to the Company fulfilling all of the TSXV's listing requirements, including the Company receiving a receipt in respect of a final prospectus.
  • The Company expects to provide additional information in respect of the anticipated listing on the TSXV over the coming weeks.
  • The matters to be considered at the Meeting are set out in the Companys management information circular dated August 26, 2021 (the Circular).

Toromont Industries Ltd. – Normal Course Issuer Bid

Retrieved on: 
Monday, September 13, 2021
Engineering, Toronto Stock Exchange, Newfoundland and Labrador, TIH, Caterpillar, Intention, Group, Industry, GLOBE, TSX, Labrador, Security (finance)

TORONTO, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) announced today that it has filed with the Toronto Stock Exchange (the TSX) a notice of intention to make a normal course issuer bid (NCIB) for certain of its common shares through the facilities of the Toronto Stock Exchange and alternative Canadian trading systems.

Key Points: 
  • TORONTO, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Toromont Industries Ltd. (TSX:TIH) announced today that it has filed with the Toronto Stock Exchange (the TSX) a notice of intention to make a normal course issuer bid (NCIB) for certain of its common shares through the facilities of the Toronto Stock Exchange and alternative Canadian trading systems.
  • Outside of the effective period of the ASPP, Toromont may repurchase common shares at its discretion, subject to applicable law.
  • With respect to its previous normal course issuer bid that expired onAugust 30, 2020, Toromont was approved to repurchase up to 7,004,456 common shares.
  • This press release and more information about Toromont Industries can be found at www.toromont.com.

Fraser Institute News Release: Atlantic Canada lost 66,396 people to the rest of the country since 2000

Retrieved on: 
Thursday, September 2, 2021
GLOBE, Labrador, Public policy, Policy, Bangladesh Technical Education Board, Canada, Fraser Institute, Prince Edward, Newfoundland and Labrador, Atlantic Ocean, Animal, Oil

People leaving Atlantic Canada is not only a symptom of the regions economic weakness, but a potential threat to its future well-being, said Alex Whalen, policy analyst at the Fraser Institute and co-author of Voting with their feet: Migration in Atlantic Canada.

Key Points: 
  • People leaving Atlantic Canada is not only a symptom of the regions economic weakness, but a potential threat to its future well-being, said Alex Whalen, policy analyst at the Fraser Institute and co-author of Voting with their feet: Migration in Atlantic Canada.
  • The study finds that between 2000/01 and 2019/20, 66,396 more residents left Atlantic Canada for provinces outside the region compared to people outside of the region moving to Atlantic Canada.
  • Moreover, it appears that people were leaving the struggling provinces of Alberta and Ontario rather than moving to opportunities in Atlantic Canada.
  • Its imperative that Atlantic Canada focus on these issues to keep younger, working-aged people in the region.