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Category: Canada

  • MIL-OSI Canada: Prime Minister Carney speaks with Prime Minister of the Netherlands Dick Schoof

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, spoke with the Prime Minister of the Netherlands, Dick Schoof.

    Prime Minister Schoof congratulated Prime Minister Carney on his election. The leaders noted the strong and historic ties between Canada and the Netherlands, particularly as the two nations commemorate the 80th anniversary of the liberation of the Netherlands this year.

    The leaders discussed deepening trade and bolstering shared efforts to uphold international security. They agreed to remain in close contact.

    Associated Link

    MIL OSI Canada News –

  • MIL-OSI: Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P. Sale of Common Shares of Sierra Metals Inc.

    Source: GlobeNewswire (MIL-OSI)

    For dissemination in Canada and over Canadian news services only

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — On May 14, 2025 Arias Resource Capital Fund II L.P. (“ARCF II”) and Arias Resource Capital Fund II (Mexico) L.P. (“ARCF II Mexico”, and together with ARCF II, the “ARC Funds”) sold a total of 19,538,423 Common Shares of Sierra Metals Inc. (“Sierra”) at a price of USD$0.81 per share for an aggregate consideration of USD$15,826,122.63.

    The ARC Funds ceased to exercise control or direction over, directly or indirectly, more than 10% of the issued and outstanding Common Shares of Sierra.

    This news release has been disseminated in accordance with the early warning requirements of Canadian provincial securities laws.

    For further information or a copy of the related early warning repot, please contact: J. Alberto Arias, Director, phone: 305-913-5400

    The dissemination of this release in the United States or to any United States news service may constitute a violation of U.S. securities laws.

    The MIL Network –

  • MIL-OSI Economics: Canadian industry urges Carney cabinet to drive transition with ‘ambition and action

    Source: – Press Release/Statement:

    Headline: Canadian industry urges Carney cabinet to drive transition with ‘ambition and action

    Fernando Melo, federal director of policy and government affairs at the Canadian Renewable Energy Association, which represents almost 350 companies in the wind, solar and energy storage sectors, said the government must first ensure the clean economy tax credit is “finalized and improved.” Read more.
    The post Canadian industry urges Carney cabinet to drive transition with ‘ambition and action appeared first on Canadian Renewable Energy Association.

    MIL OSI Economics –

  • MIL-OSI Economics: Pipelines? CCS? Clean Energy? All of the Above? Carney Statements Fuel Anxiety, Optimism

    Source: – Press Release/Statement:

    Headline: Pipelines? CCS? Clean Energy? All of the Above? Carney Statements Fuel Anxiety, Optimism

    Fernando Melo, federal director – policy and government affairs at the Canadian Renewable Energy Association, agreed that “if you look at the Liberal Party platform, there were quite a few mentions of renewable electricity and electricity storage in there—including in the proposal to make Canada an ‘energy superpower’. Not being mentioned in every media interview doesn’t worry me or CanREA’s members.” Read more.
    The post Pipelines? CCS? Clean Energy? All of the Above? Carney Statements Fuel Anxiety, Optimism appeared first on Canadian Renewable Energy Association.

    MIL OSI Economics –

  • MIL-OSI Economics: NEWS RELEASE: Net-Zero Quebec Summit gains momentum

    Source: – Press Release/Statement:

    Headline: NEWS RELEASE: Net-Zero Quebec Summit gains momentum

    Second annual CanREA Summit a major event for Quebec’s energy transition.  

    Montréal, May 15, 2025 – Drawing more than 220 attendees, the second edition of the Canadian Renewable Energy Association (CanREA) Net-Zero Quebec Summit, presented by Desjardins, was a great success in Montréal today. 

    “The CanREA Net-Zero Quebec Summit is a major opportunity for Quebec’s renewable energy industry, serving as a hub for discussions about the energy transition needed for the province to achieve net zero by 2050,” said Jean Habel, Senior Director, Québec and Atlantic Canada, CanREA. “Harnessing this energy will allow Quebecers to be more self-sufficient, greener and more prosperous.”

    The day centred around in-depth discussions on the economic realities of the energy transition, including supply chain pressures, greater competition and the economic impact of decarbonization.  

    Discussions also focused on renewable energy projects in Quebec, particularly challenges and best practices for optimizing the rollout of energy transition projects in order to reach carbon neutrality by 2050. 

    “Desjardins is proud to support Net-Zero Quebec, a key event for Quebec’s energy transition. This Summit presents a unique platform for discussing the challenges and opportunities relevant to the energy transition. We are determined to play an active role in providing innovative financial services and supporting initiatives that promote autonomy, prosperity and sustainability. Together, we can build a greener and more resilient Quebec,” said Mathieu Talbot, Vice President, Business Services Group and Corporate Banking, Desjardins. 

    The event opened with “Indigenous Communities: Essential Actors in the Energy Transition.” This inclusive panel focused on how the renewable energy and energy storage industries must commit to continuously improving their approaches to ensure that their plans align with the priorities of Indigenous communities. CanREA was thrilled to hear from panellists Chief Paul Rice from the Mohawk Council of Kahnawà:kes, Jean Roy, Senior Vice President & Chief Operating Officer at Kruger, and Grand Chief Jacques Tremblay of the Wolastoqiyik Wahsipekuk First Nation, who took part in the insightful conversation.

    This was a special opportunity to enrich the conversation and educate participants about how best to work together toward implementing renewable energy across Quebec.  

    Later, CanREA was pleased to welcome Dave Rhéaume, Executive Vice President – Commercial Activities and Chief Customer Officer at Hydro-Québec, for a discussion on solar energy development in Quebec. The discussion was moderated by Jean-Hugues Lapointe, Partner and Project Director, Energy and Resources, Power System Studies at CIMA+.

    Other highlights included an enlightening discussion on Quebec’s energy advantage and a vision for the future with Philippe Dunsky, President of Dunsky Energy + Climate, moderated by Eva Lotta Schmidt, Head of Global Sustainability at ENERCON.

    An inspiring discussion was also held with Stéphane Labrie, President, Commission de protection du territoire agricole du Québec (CPTAQ), moderated by Étienne Chabot, General Manager, Electricity for the Ministère de l’Économie, de l’Innovation et de l’Énergie.

    “The panels and discussions at the Summit sparked vital conversations and broadened the knowledge of everyone who attended, which will help to accelerate Quebec’s energy transition,” says Habel.  

    CanREA would like to thank all of the participants, moderators and speakers who helped make the Summit a success. It would also like to extend a special thanks to its presenting sponsor, Desjardins, and to all of the sponsors for this event, including Amazon Web Services and EDF Renewables. 

    Photos

    PHOTO: Net Zero Quebec 2025’s opening panel, “Indigenous communities: Essential actors in the energy transition,” examined how Quebec’s renewable energy and energy storage industries can align their plans with the priorities of Indigenous communities. From left to right: Moderator Émilie Sénéchal (Hydro Quebec), Jean Roy (Kruger Energy), Chief Paul Rice (Mohawk Council of Kahnawá:ke), Grand Chef Jacques Tremblay (Wolastoqiyik Wahsipekuk First Nation). 

    Quotes

    “The CanREA Net-Zero Quebec Summit is a major opportunity for Quebec’s renewable energy industry, serving as a hub for discussions about the energy transition needed for the province to achieve carbon neutrality by 2050. Harnessing this energy will allow Quebecers to be more self-sufficient, greener and more prosperous. The panels and discussions at the Summit sparked vital conversations and broadened the knowledge of everyone who attended, which will help to accelerate Quebec’s energy transition.” 
    —Jean Habel, Senior Director, Québec and Atlantic Canada, CanREA

    “Desjardins is proud to support Net-Zero Quebec, a key event for Quebec’s energy transition. This Summit presents a unique platform for discussing the challenges and opportunities relevant to the energy transition. We are determined to play an active role in providing innovative financial services and supporting initiatives that promote autonomy, prosperity and sustainability. Together, we can build a greener and more resilient Quebec.” 
    —Mathieu Talbot, Vice President, Business Services Group and Corporate Banking, Desjardins  

    For media interviews, please contact:

    Bridget Wayland, Senior Director of CommunicationsCanadian Renewable Energy Association communications@renewablesassociation.ca

    The Canadian Renewable Energy Association

    The Canadian Renewable Energy Association (CanREA) is the voice for wind energy, solar energy and energy storage solutions that will power Canada’s energy future. We work to create the conditions for a modern energy system through stakeholder advocacy and public engagement. Our diverse members are uniquely positioned to deliver clean, low-cost, reliable, flexible and scalable solutions for Canada’s energy needs. For more information on how Canada can use wind energy, solar energy and energy storage to help achieve its net-zero commitments, consult “Powering Canada’s Journey to Net-Zero: CanREA’s 2050 Vision.” Follow us on Bluesky and LinkedIn. Subscribe to our newsletter here. Learn more at renewablesassociation.ca. 

    The post NEWS RELEASE: Net-Zero Quebec Summit gains momentum appeared first on Canadian Renewable Energy Association.

    MIL OSI Economics –

  • MIL-Evening Report: The space race is being reshaped by geopolitics, offering opportunities for countries such as New Zealand

    Source: The Conversation (Au and NZ) – By Peter Zámborský, Senior Lecturer, Management & International Business, University of Auckland, Waipapa Taumata Rau

    NASA/Getty Imges

    The space economy is being reshaped — not just by innovation, but by geopolitics. What was once dominated by state space agencies, and more recently by private ventures, is evolving into a hybrid model in which government priorities and commercial capabilities are intertwined.

    The rise of protectionist policies, tariff wars, export controls and national security concerns is forcing space firms to adapt their strategies – and in many cases, to rethink where and how they operate.

    This offers countries such as New Zealand the opportunity to stand out in the new space race – becoming neutral ground with fewer trade and other regulatory barriers for the growth of the emerging hybrid space economy.

    Looking to space

    The New Zealand government plans to double the size of the space and advanced aviation sectors by 2030. Already, about 20,000 workers are employed in these sectors, generating US$1.8 billion in revenue.

    New Zealand’s flagship player in the space sector is Rocket Lab. Founded in 2006, the integrated space firm was listed on NASDAQ in 2021. By the end of 2024, the company was worth around US$8 billion.

    While its headquarters are in the United States, Rocket Lab also operates in Canada and keeps around 700 of its 2,000 global staff and its key launch site in New Zealand. Recently, it also announced the acquisition of a German optical communications supplier, Mynaric.

    Founded in New Zealand by Peter Beck, Rocket Lab is now headquartered in the United States with sites in Canada and elsewhere.
    Phil Walter/Getty Images

    Opportunities in US trade war

    Rocket Lab’s decision to engage in substantial foreign investment and diversify its operations across the US, New Zealand, Canada and Europe gives it flexibility in responding to the US-initiated trade war.

    The current and possible future US tariffs have created uncertainty for investors. Along with retaliatory measures by China and other nations, these developments have significant consequences for space firms.

    Companies in this field rely on globally sourced components (for example, semiconductors and electronic components) and materials such as steel and specialised fuel for their operations.

    Firms based in just one location can suffer from tariffs or retaliatory restrictions. But those with operations in several countries — especially in more neutral countries such as New Zealand and some Southeast Asian nations — may benefit from geopolitical tensions. Geostrategic diversification gives them more options, including less risky locations for operations, trade and investments in the space sector.

    A recent Deloitte report noted that companies in the space ecosystem may prefer to look for launch sites and satellite providers on neutral ground.

    Initiatives are already emerging in Indonesia and Malaysia to construct commercial spaceports and attract investment in satellite manufacturing.

    The benefits of being neutral

    The rising geopolitical tensions mean new space firms from relatively neutral countries such as New Zealand are increasingly aligning with national defence priorities. The emerging hybrid space economy is, in some ways, a response to this global power realignment.

    New Zealand has historically sought to balance strong trade ties with China, its largest trading partner, with security cooperation with the US as part of the Five Eyes intelligence alliance. But recent developments have prompted a reassessment.

    Notably, the presence of Chinese warships in the Tasman Sea and upheavals in the global security climate after Russia’s invasion of Ukraine has led to a review of New Zealand’s defence posture.

    The government is now aiming to double defence spending to 2% of GDP. The US military has held talks with New Zealand about launching more satellites from this country.

    Earlier this year, Rocket Lab also declared it was “ready to serve the Pentagon”. For example, it secured contracts worth about US$500 million to launch a satellite from New Zealand for BlackSky, a US-based space-based intelligence provider.

    Rocket Lab also became one of five launch companies invited to compete for missions under the US National Security Space Launch program. This program puts the most valuable military and spy satellites into orbit, worth up to US$6 billion of Pentagon contracts in the next few years.

    Tapping into foreign investment

    Nations’ increased needs for domestic space defence capabilities also create foreign investment opportunities. For example, Airbus will design and build a new military satellite system costing about US$170 million in the United Kingdom to improve real-time military imagery.

    Ongoing economic strife and possible military conflicts have important implications for the strategies of new space firms and the policies of nations seeking space investment.

    New space firms may redirect their investment to countries where their main customers are located (for example, the US or European Union) or to neutral countries less affected by geopolitical tensions (for example, New Zealand). This allows them to diversify and reduce exposure to tariffs and other restrictions.

    In New Zealand, this may mean more government investment not only by Rocket Lab, but also involvement by other industry players from the US, Japan or Europe.

    Commercial opportunities in the new space sector will remain. But the shape of the sector may move towards a more hybrid space, recognising both commercial and national security interests in times of economic war.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. The space race is being reshaped by geopolitics, offering opportunities for countries such as New Zealand – https://theconversation.com/the-space-race-is-being-reshaped-by-geopolitics-offering-opportunities-for-countries-such-as-new-zealand-256773

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Why Anthony Albanese’s presence at Pope Leo’s inauguration is shrewd politics

    Source: The Conversation (Au and NZ) – By Darius von Guttner Sporzynski, Historian, Australian Catholic University

    When Prime Minister Anthony Albanese steps into St Peter’s Square for the inaugural Mass of Pope Leo XIV on Sunday, the optics will be far more than pious courtesy.

    For a day, the Vatican will temporarily be the world’s premier diplomatic stage. And a canny Australian leader can use such an occasion to advance domestic and foreign policy agendas simultaneously.

    Faith optics and domestic politics

    Albanese has lately spoken of “reconnecting” with his Catholic heritage. He called the election of the US-born pontiff “momentous” for believers and non-believers alike.

    In multicultural Australia, where roughly one in four citizens identifies as Catholic, Albanese’s trip to the Vatican allows him to reassure a core constituency that sometimes feels politically overlooked: Catholics.

    This signalling costs Albanese nothing. Yet, it helps to boost Labor’s broader narrative of inclusion and respect for faith communities.

    St Peter’s Square as a diplomatic crossroads

    The inaugural mass will also attract a rare concentration of global powerbrokers in one square kilometre. The head-of-state guest list is still fluid, but several confirmations make the trip worth Albanese’s while.

    Albanese’s most immediate objective will likely be to revive free-trade negotiations with the European Union, which broke down in 2023.

    The Australian has reported that Albanese hopes to bend the ear of European Commission President Ursula von der Leyen and European Council President António Costa.

    Albanese will also get a chance to meet Prince Edward, who will represent King Charles III, as well as his newly elected counterpart in Canada, Prime Minister Mark Carney.

    Ukrainian President Volodymyr Zelensky is also expected to attend after a week of overtures to the new pope concerning Kyiv’s quest for a just peace in its war with Russia.

    Speculation was swirling around the possibility of US President Donald Trump returning to Rome, fresh from his high-visibility appearance at Pope Francis’s funeral on April 26.

    But Vice President JD Vance will lead the US delegation, joined by Secretary of State Marco Rubio.

    For Albanese, a corridor encounter with Vance would allow him to set a personal tone before his expected visit to Washington later this year, without the media glare that accompanies an Oval Office photo-op.

    Why leaders flock to the Vatican

    Some commentators may frame the attendance of world leaders at the mass cynically: a chance to use a sacred event for their own political purposes.

    Yet, politicians have long been a fixture at papal events. Such participation is hardly exceptional. It reflects a centuries-old dynamic in which those with temporal political power seek moral sanction, and the papacy demonstrates its enduring capacity to convene the political order.

    Pope Francis’s inauguration in 2013 drew 31 heads of state and 132 official delegations from national governments or international organisations.

    And John Paul II’s funeral in 2005 assembled more than 80 sitting heads of state. It was one of the largest gatherings of leaders in modern history.

    Why does the Vatican exert such magnetic pull?

    First, it is a neutral micro-state whose moral authority can confer legitimacy on secular, political initiatives. Consider, for example, John Paul II’s role in Poland’s democratic revolution.

    Second, the Holy See’s diplomatic corps is the world’s oldest continuous foreign service. It boasts diplomatic relations with 184 states, including Palestine and Taiwan (one of a dozen states in the world to do so).

    Although every pontiff is first and foremost the universal pastor of the Catholic Church, the Lateran Treaty of 1929 also endowed him with full sovereignty over the territory of Vatican City.

    The pope’s head-of-state status is most visible at multilateral forums. In 2024, for instance, Pope Francis became the first pontiff to address a G7 summit, speaking in a special session on artificial intelligence.

    He also had a string of bilateral meetings on the sidelines with the leaders of the United States, Ukraine, France, Brazil, Turkey, Canada and India, among others.

    When a pope travels, host governments roll out the symbols of a state visit, though the Vatican insists on calling such trips “apostolic journeys”. Conversely, when foreign leaders come to Rome, they are received in the pope’s own apartments, not in a government palace. These meetings therefore take on a spiritual, as well as political, cast.

    In short, the pope moves with ease between being a shepherd and sovereign. His spiritual authority opens doors for dialogue, while his head-of-state status allows him to receive ambassadors, sign treaties and sit across the table from presidents and prime ministers.

    The result is a singular blend of moral voice and diplomatic reach unmatched in global affairs.

    Pragmatic statecraft under the colonnade

    For a middle-power such as Australia, dialogue between a prime minister and a pope can have a multiplier top-down effect. These discussions often echo across chancelleries in the Global South, especially in Catholic Latin America and the Philippines. These are both priority markets for Australian education and green-hydrogen exports.

    In Rome, Albanese can also affirm Australia’s commitment to multilateralism at a moment when Indo-Pacific tensions have nudged Canberra towards increased defence spending and an over-militarised image. The sacred stage permits a softer register: diplomacy as dialogue, not deterrence.

    When the incense clears on Sunday, most viewers will remember the pageantry: the fisherman’s ring (a gold signet ring cast for each new pope), the pallium (the white woollen band draped over the pope’s shoulders during mass), and the roar of 100,000 pilgrims.

    Yet, the quieter choreography in the diplomatic boxes may shape trade flows, security partnerships and refugee corridors for years.

    Albanese appears to have recognised this rare alchemy. Showing up in Rome is pragmatic statecraft, executed under Bernini’s colonnade. This is where religious and political figures have long mingled — and will continue to do so as long as popes and prime minister seize the moment.

    Darius von Guttner Sporzynski does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Why Anthony Albanese’s presence at Pope Leo’s inauguration is shrewd politics – https://theconversation.com/why-anthony-albaneses-presence-at-pope-leos-inauguration-is-shrewd-politics-256696

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Mount Logan Capital Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Declared quarterly distribution of C$0.02 per common share in the second quarter of 2025, the twenty-third consecutive quarter of a shareholder distribution

    Asset management segment generated $8.1 million in Fee Related Earnings (“FRE”) for the trailing twelve months ended March 31, 2025, a 25% increase over the prior year period

    Generated $7.8 million of Spread Related Earnings (“SRE”) for the trailing twelve months ended March 31, 2025, which reflects 1.3% of spread earnings on Ability’s assets

    During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital Corp. (Nasdaq: TURN) in an all-stock transaction. The surviving entity is expected to operate as Mount Logan Capital Inc. (“New Mount Logan”) and to be listed on Nasdaq under the symbol MLCI

    In January 2025, Mount Logan completed its previously announced investment in Runway Growth Capital LLC, a $1.3 billion private credit asset manager, alongside BC Partners Credit

    All amounts are stated in United States dollars, unless otherwise indicated

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today its financial results for the three months ended March 31, 2025.

    First Quarter 2025 Highlights

    • FRE for the asset management segment was $2.2 million for the quarter, an increase of 37% compared to the first quarter of 2024, due to improved economics on the Company’s service agreement with Sierra Crest Investment Management over an interval fund, and the decrease in general, administrative and other expenses from the expiry of transition services agreements and other one-time expenses incurred in the first quarter of 2024. FRE for the trailing twelve months was $8.1 million, an increase of 25% from the comparative trailing twelve-month period, primarily attributable to increases in management fees.
    • Total revenue for the asset management segment of the Company was $3.2 million, a decrease of $0.8 million, or 21%, as compared to the first quarter of 2024. The decrease was driven by a reduction in and normalization of incentive fees associated with a single managed fund in winddown, and an increase in net loss from investment activities, both of which we view as transitory elements. First quarter asset management revenues also exclude $1.2 million of management fees associated with Mount Logan’s management of the assets of Ability Insurance Company (“Ability”), a wholly-owned subsidiary of the Company. Normalized Ability management fees for the first quarter of 2025 were $1.6 million, excluding one-time expenses, which are not expected to continue throughout the remainder of the year.
    • Total net investment income for the insurance segment was $19.0 million for the three months ended March 31, 2025, a decrease of $2.8 million, or 13%, as compared to the first quarter of 2024, owing to interest expense related to the interest rate swap, decrease in bond yields and decrease in the long term investments portfolio. Excluding the funds withheld assets under reinsurance contracts and Modco, the insurance segment’s net investment income was $14.5 million, an increase of $0.4 million, or 3%, as compared to the first quarter of 2024.
    • Achieved 6.9%1yield on the insurance investment portfolio for the quarter ended March 31, 2025. This was impacted by higher investment expense on funds withheld assets under the Modco arrangement. Excluding the funds withheld under reinsurance contracts and Modco, the yield was 8.8%.
    • Ability’s total assets managed by Mount Logan increased to $645.7 million as of March 31, 2025, an increase of $28.9 million from first quarter 2024 of $616.8 million. As of March 31, 2025, the insurance segment included $1.02 billion in total investment assets, down $23.0 million, or 2%, from the first quarter of 2024 investment assets of $1.04 billion. During the quarter, Mount Logan began managing a portion of Ability’s modified coinsurance assets with Vista.
    • Book value of the insurance segment as of March 31, 2025 was $85.9 million, an increase of $3.3 million as compared to $82.6 million for the first quarter of 2024.
    • SRE for the insurance segment was $7.8 million for the trailing twelve months ended March 31, 2025, down $1.7 million from the trailing twelve months ended March 31, 2024 of $9.5 million, primarily driven by an increase in cost of funds, partially offset by increased net investment income and lower operating expenses. The increase in cost of funds was primarily driven by unfavorable in-force update to the Long Term Care business (Guardian block) of $1.8 million for the trailing twelve months ended March 31, 2025, while there was a favorable in-force update to the LTC business (Medico block) observed of $4.8 million for the twelve months ended March 31, 2024.

    Subsequent Events

    • Declared a shareholder distribution in the amount of C$0.02 per common share for the quarter ended March 31, 2025, payable on June 2, 2025 to shareholders of record at the close of business on May 27, 2025. This cash dividend marks the twenty-third consecutive quarter of the Company issuing a C$0.02 distribution to its shareholders. This dividend is designated by the Company as an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
    • A preliminary joint proxy statement/prospectus was filed with the United States Securities and Exchange Commission (the “SEC”) for the previously announced merger of Mount Logan with 180 Degree Capital Corp. (Nasdaq: TURN) (“180 Degree Capital”), in an all-stock transaction (the “Business Combination”). The surviving entity is expected to be a Delaware corporation operating as New Mount Logan listed on Nasdaq under the symbol “MLCI”. As required under U.S. federal securities laws and related rules and regulations, the joint proxy statement/prospectus included Mount Logan’s audited financial statements for the years ended December 31, 2024 and 2023 prepared in accordance with U.S. Generally Accepted Accounting Principles. In connection with the Business Combination, shareholders of Mount Logan will receive proportionate ownership of New Mount Logan determined by reference to Mount Logan’s transaction equity value at signing, subject to certain pre-closing adjustments, relative to 180 Degree Capital’s Net Asset Value (“NAV”) at closing. Shareholders holding approximately 26% of the outstanding shares of Mount Logan and approximately 20% of the outstanding shares of 180 Degree Capital signed voting agreements supporting the Business Combination, and an additional 8% of Mount Logan and 7% of 180 Degree Capital shareholders, respectively, have provided written non-binding indications of support for the Business Combination.
    • Portman Ridge Finance Corporation (Nasdaq: PTMN) and Logan Ridge Finance Corporation (Nasdaq: LRFC) merger remains subject to the receipt of certain shareholder approvals and the satisfaction of other closing conditions. Mount Logan currently earns management fees from LRFC and has a minority stake in PTMN’s manager, Sierra Crest Investment Management.

    Management Commentary

    • Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan stated, “We are pleased to report our first quarter 2025 results, reflecting the continued earnings power of our asset management and insurance platforms. While AUM growth slowed in Q1 2025, consistent with broader macro challenges, we demonstrated our ability to generate strong, positive Fee Related Earnings on the asset management segment, and Spread Related Earnings in the insurance platform, providing a solid foundation for momentum in 2025. Our managed funds demonstrated performance resilience and low volatility as compared to the public credit and equity markets, which we view as a testament to our focus on private credit assets. Looking ahead, we see ample opportunities to drive AUM growth across our core managed vehicles, enact operational improvements and efficiencies, while also advancing strategic priorities to scale the business through reinvestment across our segments and accretive acquisition opportunities, which includes our recently announced transactions with 180 Degree Capital and Runway, which we believe will be significant catalysts for long-term growth and investment into our business.”

    Selected Financial Highlights

    • Total Capital of the Company was $144.9 million as at March 31, 2025, a decrease of $5.4 million as compared to December 31, 2024. Total capital consists of debt obligations and total shareholders’ equity.
    • Consolidated net income (loss) before taxes was $(13.7) million for the first quarter of 2025, a decrease of $26.8 million from $13.1 million in the first quarter of 2024. The decrease was primarily attributable to the increase in net insurance finance expenses, decrease in net investment income and increase in general, administrative and other expenses under the insurance segment, as well as an increase in corporate transaction costs under the asset management segment related to the Business Combination when compared to the first quarter of 2024.
    • Basic Earnings (loss) per share (“EPS”) was ($0.48) for the first quarter of 2025, a decrease of $0.99 from $0.51 for the first quarter of 2024.
    • Adjusted basic EPS was ($0.29) for the first quarter of 2025, a decrease of $0.83 from $0.54 for the first quarter of 2024.

    Results of Operations by Segment

    ($ in Thousands) Three Months Ended  
      March 31, 2025     December 31, 2024     March 31, 2024  
    Reported Results                
    Asset management                
    Revenue $ 3,192     $ 4,442     $ 4,030  
    Expenses   12,578       13,440       7,615  
    Net income (loss) – asset management   (9,386 )     (8,998 )     (3,585 )
    Insurance                
    Revenue (1)   18,982       (622 )     17,555  
    Expenses   23,280       (16,142 )     822  
    Net income (loss) – insurance   (4,298 )     15,520       16,733  
    Income before income taxes   (13,684 )     6,522       13,148  
    Provision for income taxes   361       37       (56 )
    Net income (loss) $ (13,323 )   $ 6,559     $ 13,092  
    Basic EPS $ (0.48 )   $ 0.25     $ 0.51  
    Diluted EPS $ (0.48 )   $ 0.23     $ 0.50  
    Adjusting Items                
    Asset management                
    Transaction costs (2)   (4,545 )     (1,921 )     (251 )
    Acquisition integration costs (3)   —       —       (250 )
    Non-cash items (4)   (737 )     (2,940 )     (346 )
    Impact of adjusting items on expenses   (5,282 )     (4,861 )     (847 )
    Adjusted Results                
    Asset management                
    Revenue $ 3,192     $ 4,442     $ 4,030  
    Expenses   7,296       8,579       6,768  
    Net income (loss) – asset management   (4,104 )     (4,137 )     (2,738 )
    Income before income taxes   (8,402 )     11,383       13,995  
    Provision for income taxes   361       37       (56 )
    Net income (loss) $ (8,041 )   $ 11,420     $ 13,939  
    Basic EPS $ (0.29 )   $ 0.44     $ 0.54  
    Diluted EPS $ (0.29 )   $ 0.40     $ 0.54  

    (1)    Insurance Revenue line item is presented net of insurance service expenses and net expenses from reinsurance contracts held.
    (2)    Transaction costs are related to business acquisitions and strategic initiatives transacted by the Company.
    (3)    Acquisition integration costs are consulting and administration services fees related to integrating a business into the Company. Acquisition integration costs are recorded in general, administrative and other expenses.
    (4)    Non-cash items include amortization and impairment of acquisition-related intangible assets and impairment of goodwill, if any.


    Asset Management

    Total Revenue – Asset Management

    ($ in Thousands)

        Three Months Ended  
        March 31, 2025     March 31, 2024  
    Management and incentive fee   $ 2,928     $ 3,494  
    Equity investment earning     282       224  
    Interest income     268       271  
    Dividend income     38       112  
    Other Income     299       —  
    Net gains (losses) from investment activities     (623 )     (71 )
    Total revenue — asset management   $ 3,192     $ 4,030  

    Fee Related Earnings (“FRE”)

    FRE is a non-IFRS financial measure used to assess the asset management segment’s generation of profits from revenues that are measured and received on a recurring basis and are not dependent on future realization events. The Company calculates FRE, and reconciles FRE to net income from its asset management activities, as follows:

    ($ in Thousands)

      Three Months Ended  
      March 31, 2025     March 31, 2024  
    Net income (loss) and comprehensive income (loss) $ (13,323 )   $ 13,092  
               
    Adjustment to net income (loss) and comprehensive income (loss):          
    Total revenue – insurance (1)   (18,982 )     (17,555 )
    Total expenses – insurance   23,280       822  
    Net income – asset management (2)   (9,025 )     (3,641 )
    Adjustments to non-fee generating asset management business and other recurring revenue stream:          
    Management fee from Ability   1,566       1,429  
    Interest income   —       —  
    Dividend income   (39 )     (112 )
    Net gains (losses) from investment activities(3)   623       71  
    Administration and servicing fees   504       366  
    Transaction costs   4,545       251  
    Amortization and impairment of intangible assets   737       346  
    Interest and other credit facility expenses   1,857       1,702  
    General, administrative and other   1,479       1,233  
    Fee Related Earnings $ 2,247     $ 1,645  

    (1)    Includes add-back of management fees paid to ML Management.

    (2)    Represents net income for asset management, as presented in the interim Consolidated Statement of Comprehensive Income (Loss).

    (3)    Includes unrealized gains or losses on the debt warrants.

    ($ in Thousands) Trailing Twelve Months Ended  
      March 31, 2025     March 31, 2024  
    Net income (loss) and comprehensive income (loss) $ (20,826 )   $ 26,088  
               
    Adjustment to net income (loss) and comprehensive income (loss):          
    Total revenue – insurance (1)   (65,582 )     (76,512 )
    Total expenses – insurance   60,979       35,450  
    Net income – asset management (2)   (25,429 )     (14,974 )
    Adjustments to non-fee generating asset management business and other recurring revenue stream:          
    Management fee from Ability   6,162       4,853  
    Interest income   (1 )     —  
    Dividend income   (425 )     (640 )
    Net gains (losses) from investment activities(3)   1,995       157  
    Administration and servicing fees   1,743       1,228  
    Transaction costs   6,468       3,814  
    Amortization and impairment of intangible assets   4,369       1,178  
    Interest and other credit facility expenses   8,090       6,425  
    General, administrative and other   5,177       4,481  
    Fee Related Earnings $ 8,149     $ 6,522  

    (1)    Includes add-back of management fees paid to ML Management.

    (2)    Represents net income for asset management, as presented across the interim Consolidated Statements of Comprehensive Income (Loss).

    (3)    Includes unrealized gains or losses on the debt warrants.

    Insurance

    Total Revenue – Insurance

    ($ in Thousands)

        Three Months Ended  
        March 31, 2025     March 31, 2024  
    Insurance service result   $ (2,197 )   $ (3,092 )
    Net investment income     19,004       21,804  
    Net gains (losses) from investment activities     6,958       2,666  
    Realized and unrealized gains (losses) on embedded derivative — funds withheld     (4,783 )     (3,829 )
    Other income     —       6  
    Total revenue — net of insurance services expenses and net expenses from reinsurance   $ 18,982     $ 17,555  

    Spread Related Earnings (“SRE”)

    The Company uses SRE to assess the performance of the insurance segment, excluding the impact of certain market volatility and other one-time, non-core components of insurance segment income (loss). Excluded items under SRE are investment gains (losses), effects of discount rates and other financial variables on the value of insurance obligations (which is a component of “net insurance finance income/(expense)”), other income and certain general, administrative & other expenses. The Company believes this measure is useful to securityholders as it provides additional insight into the underlying economics of the insurance segment, as further discussed below.

    For the insurance segment, SRE equals the sum of (i) the net investment income on the insurance segment’s net invested assets (excluding investment income earned on funds held under reinsurance contracts) less (ii) cost of funds (as described below) and (iii) certain operating expenses.

    Cost of funds includes the impact of interest accretion on insurance and investment contract liabilities and amortization of losses recognized for new insurance contracts that are deemed onerous at initial recognition. It also includes experience adjustments which represents the difference between actual and expected cashflows and includes the impact of certain changes to non-financial assumptions.

    The Company reconciles SRE to net income (loss) before tax from its insurance segment activities, as follows:

      Three Months Ended  
      Q1-2025     Q4-2024     Q3-2024     Q2-2024     Q1-2024     Q4-2023     Q3-2023     Q2-2023  
    Net income (loss) and comprehensive income (loss) before tax $ (13,639 )   $ 6,522     $ (17,378 )   $ 3,847     $ 13,148     $ (1,946 )   $ 16,243     $ (903 )
                                                   
    Adjustment to net income (loss) and comprehensive income (loss):                                              
    Total revenue – asset management (1)   (3,192 )     (4,442 )     (3,826 )     (3,394 )     (4,030 )     (3,723 )     (3,186 )     (2,996 )
    Total expenses – asset management   12,533       13,440       7,481       6,651       7,615       7,839       6,868       6,133  
    Net income – insurance (2)   (4,298 )     15,520       (13,723 )     7,104       16,733       2,170       19,925       2,234  
    Adjustments to Insurance segment business:                                              
    Management fees to ML Management   (1,167 )     (1,167 )     (1,501 )     (1,529 )     (1,429 )     (1,345 )     (1,110 )     (969 )
    Net (gains) losses from investment activities(3)   (5,718 )     17,681       (13,267 )     887       (2,995 )     (10,116 )     (2,113 )     (1,454 )
    Other Income(4)   —       —       —       —       —       (7,353 )     —       —  
    Net insurance finance (income)/expense(5)   12,506       (28,702 )     30,940       (5,442 )     (11,769 )     14,399       (17,684 )     (5,275 )
    Loss on onerous contracts(6)   (1,548 )     (545 )     (822 )     945       6,884       286       2,451       4,214  
    General, administrative and other(7)   600       338       239       464       447       502       1,289       1,546  
    Spread Related Earnings $ 375     $ 3,125     $ 1,866     $ 2,429     $ 7,871     $ (1,457 )   $ 2,758     $ 296  

    (1)    Includes add-back of management fees paid by Ability to ML Management.

    (2)    Represents net income before tax for the insurance segment, as presented in the annual Consolidated Statement of Comprehensive Income (Loss).

    (3)    Excludes net (gains) losses from investment activities on assets retained by the Company under funds withheld arrangement with Front Street Re and Vista.

    (4)    Represents non-operating income.

    (5)    Includes the impact of changes in interest rates and other financials assumptions and excludes interest accretion on insurance contract liabilities and reinsurance contract assets.

    (6)    Represents the unamortized portion of future interest accretion and ceded commissions paid at the time of issue of new MYGA insurance contracts. Future interest accretion and ceded commissions are amortized over the average duration of MYGA contracts reinsured which aligns with the recognition of insurance service revenue. Loss on onerous contracts are part of Insurance service expense.

    (7)    Represents certain costs incurred by the insurance segment for purposes of IFRS reporting but not the day to day operations of the insurance company.

    The following table presents SRE, the performance measure of the insurance segment:

    ($ in Thousands)

      Trailing Twelve Months Ended  
      March 31, 2025     March 31, 2024  
    Fixed Income and other investment income, net(1) $ 54,342     $ 50,502  
    Cost of funds   (38,352 )     (32,318 )
    Net Investment spread   15,990       18,184  
    Other operating expenses   (8,195 )     (8,716 )
    Spread Related Earnings $ 7,795     $ 9,468  
    SRE % of Average Net Investments   1.3 %     1.7 %

    (1)    Excludes net investment income from investment activities on assets retained by the Company under funds withheld arrangement with Front Street Re and Vista Life and Casualty Reinsurance Company (“Vista”).

    Spread related earnings (“SRE”) was $7.8 million for the trailing twelve months ended March 31, 2025 compared with $9.5 million for the trailing twelve months ended March 31, 2024, a decrease of $1.7 million. SRE decreased year over year due to higher cost of funds, partially offset by increased investment income and lower other operating expenses. Cost of funds increased primarily due to unfavorable impact of $1.8 million as a result of in-force update to LTC business (Guardian block) whereas the trailing twelve months ended March 31, 2024 had a favorable in-force impact of $4.8 million to LTC business (Medico block). Investment income increased primarily due to an increase in total insurance investment assets as a result of new multi-year guaranteed annuity (“MYGA”) business and improvement in yield across the investment portfolio. Other operating expenses decreased as a result of efforts to reduce overall operating cost.

    SRE as a percentage of average net invested assets was 1.3% for the trailing twelve months ended March 31, 2025 compared with 1.7% for the trailing twelve months ended March 31, 2024.

    Liquidity and Capital Resources

    As of March 31, 2025, the asset management segment had $77.8 million (par value) of borrowings outstanding, of which $33.8 million had a fixed rate and $44.0 million had a floating rate. As of March 31, 2025, the insurance segment had $17.3 million (par value) of borrowings outstanding, of which $14.3 million had a fixed rate and $3.0 million had a floating rate. Liquid assets, including high-quality assets that are marketable, can be pledged as security for borrowings, and can be converted to cash in a time frame that meets liquidity and funding requirements. As of March 31, 2025 and December 31, 2024, the total liquid assets of the Company were as follows:

    ($ in Thousands)

    As at   March 31, 2025     December 31, 2024
    Cash and cash equivalents   $ 125,808     $ 85,988
    Restricted cash posted as collateral     12,526       15,716
    Investments     609,514       639,932
    Management fee receivable     2,927       3,268
    Receivable for investments sold     23       17,045
    Accrued interest and dividend receivable     20,959       20,489
    Total liquid assets   $ 771,757     $ 782,438

    The Company defines working capital as the sum of cash, restricted cash, investments that mature within one year of the reporting date, management fees receivable, receivables for investments sold, accrued interest and dividend receivables, and premium receivables, less the sum of debt obligations, payables for investments purchased, amounts due to affiliates, reinsurance liabilities, and other liabilities that are payable within one year of the reporting date.

    As at March 31, 2025, the Company had working capital of $218.8 million, reflecting current assets of $241.7 million, offset by current liabilities of $22.9 million, as compared with working capital of $231.2 million as at December 31, 2024, reflecting current assets of $245.3 million, offset by current liabilities of $14.1 million. The decrease in working capital was primarily attributable to the decrease in cash within the asset management business combined with the increase in accrued expenses across asset management and insurance.

    Interest Rate Risk

    The Company has obligations to policyholders and other debt obligations that expose it to interest rate risk. The Company also owns debt assets and interest rate swaps that are exposed to interest rate risk. The fair value of these obligations and assets may change if base rate changes in interest rates occur.

    The following table summarizes the potential impact on net assets of hypothetical base rate changes in interest rates assuming a parallel shift in the yield curve, with all other variables remaining constant.

    As at   March 31, 2025     December 31, 2024  
    50 basis point increase (1)   $ (8,836 )   $ 7,559  
    50 basis point decrease (1)     5,913       (18,939 )

    (1)    Losses are presented in brackets and gains are presented as positive numbers.

    Actual results may differ significantly from this sensitivity analysis. As such, the sensitivities should only be viewed as directional estimates of the underlying sensitivities for the respective factors based on the assumptions outlined above.

    Conference Call

    The Company will hold a conference call on Friday, May 16, 2025 at 11:00 a.m. Eastern Time to discuss the first quarter financial results. Shareholders, prospective shareholders, and analysts are welcome to listen to the call. To join the call, please use the dial-in information below. A recording of the conference call will be available on our Company’s website www.mountlogancapital.ca in the ‘Investor Relations’ section under “Events”.

    Canada Dial-in Toll Free: 1-833-950-0062
    US Dial-in Toll Free: 1-833-470-1428
    International Dial-ins
    Access Code: 813165

    About Mount Logan Capital Inc.

    Mount Logan Capital Inc. is an alternative asset management and insurance solutions company that is focused on public and private debt securities in the North American market and the reinsurance of annuity products, primarily through its wholly owned subsidiaries Mount Logan Management LLC (“ML Management”) and Ability Insurance Company (“Ability”), respectively. Mount Logan also actively sources, evaluates, underwrites, manages, monitors and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.

    ML Management was organized in 2020 as a Delaware limited liability company and is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended. The primary business of ML Management is to provide investment management services to (i) privately offered investment funds exempt from registration under the Investment Company Act of 1940, as amended (the “1940 Act”) advised by ML Management, (ii) a non-diversified closed end management investment company that has elected to be regulated as a business development company, (iii) Ability, and (iv) non-diversified closed-end management investment companies registered under the 1940 Act that operate as interval funds. ML Management also acts as the collateral manager to collateralized loan obligations backed by debt obligations and similar assets.

    Ability is a Nebraska domiciled insurer and reinsurer of long-term care policies and annuity products acquired by Mount Logan in the fourth quarter of fiscal year 2021. Ability is also no longer insuring or re-insuring new long-term care risk.

    Non-IFRS Financial Measures

    This press release makes reference to certain non-IFRS financial measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of the Company’s results of operations from management’s perspective. The Company’s definitions of non-IFRS measures used in this press release may not be the same as the definitions for such measures used by other companies in their reporting. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. The Company believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. The Company’s management also uses non-IFRS financial measures in order to facilitate operating performance comparisons from period to period.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions “seeks”, “expects”, “believes”, “estimates”, “will”, “target” and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of the Company regarding future results or events and are based on information currently available to it. Certain material factors and assumptions were applied in providing these forward-looking statements. The forward-looking statements discussed in this release include, but are not limited to, statements about the benefits of the closing of the acquisition of a minority interest in Runway as well as the proposed transaction involving the Company and 180 Degree Capital, including future financial and operating results, the Company’s and 180 Degree Capital’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the proposed transaction, the regulatory environment in which the Company operates, and the results of, or outlook for, the Company’s operations or for the Canadian and U.S. economies, statements relating to the Company’s continued transition to an asset management and insurance platform business and the entering into of further strategic transactions to diversify the Company’s business and further grow recurring management fee and other income and increasing Ability’s assets; the Company’s plans to focus Ability’s business on the reinsurance of annuity products; the potential benefits of combining Mount Logan’s and Ovation’s platform including an increase in fee-related earnings as a result of the acquisition; the decrease in expenses in the asset management segment; the historical growth in the asset management segment and insurance segment being an indicator for future growth; the growth and scalability of the Company’s business the Company’s business strategy, model, approach and future activities; portfolio composition and size, asset management activities and related income, capital raising activities, future credit opportunities of the Company, portfolio realizations, the protection of stakeholder value; the expansion of the Company’s loan portfolio; synergies to be achieved by both the Company and Runway through the Company’s strategic minority investment in Runway; and the expansion of Mount Logan’s capabilities. All forward-looking statements in this press release are qualified by these cautionary statements. The Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, the Company can give no assurance that the actual results or developments will be realized by certain specified dates or at all. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including that the Company has a limited operating history with respect to an asset management oriented business model; Ability may not generate recurring asset management fees, increase its assets or strategically benefit the Company as expected; the expected synergies by combining the business of Mount Logan with the business of Ability may not be realized as expected; the risk that Ability may require a significant investment of capital and other resources in order to expand and grow the business; the Company does not have a record of operating an insurance solutions business and is subject to all the risks and uncertainties associated with a broadening of the Company’s business; ability to obtain the requisite Company and 180 Degree Capital shareholder approvals, as well as governmental and regulatory approvals required for the proposed transaction with 180 Degree Capital, the risk that an event, change or other circumstance could give rise to the termination of the proposed transaction with 180 Degree Capital, the risk that a condition to closing of the proposed transaction with 180 Degree Capital may not be satisfied, the risk of delays in completing the proposed transaction with 180 Degree Capital, the risk that the businesses of the Company and with 180 Degree Capital will not be integrated successfully, the risk that the expected synergies of the acquisition of Ovation may not be realized as expected and the matters discussed under “Risks Factors” in the most recently filed annual information form and management discussion and analysis for the Company. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

    This press release is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this release is not, and under no circumstances is it to be construed as, an offer to sell or an offer to purchase any securities in the Company or in any fund or other investment vehicle. This press release is not intended for U.S. persons. The Company’s shares are not and will not be registered under the U.S. Securities Act of 1933, as amended, and the Company is not and will not be registered under the U.S. Investment Company Act of 1940 (the “1940 Act”). U.S. persons are not permitted to purchase the Company’s shares absent an applicable exemption from registration under each of these Acts. In addition, the number of investors in the United States, or which are U.S. persons or purchasing for the account or benefit of U.S. persons, will be limited to such number as is required to comply with an available exemption from the registration requirements of the 1940 Act.

    Contacts:
    Mount Logan Capital Inc.

    365 Bay Street, Suite 800
    Toronto, ON M5H 2V1
    info@mountlogancapital.ca

    Nikita Klassen
    Chief Financial Officer
    Nikita.Klassen@mountlogancapital.ca

    Scott Chan
    Investor Relations
    Scott.Chan@mountlogan.com

     
    MOUNT LOGAN CAPITAL INC.
    CONSOLIDATED STATEMENT OF FINANCIAL POSITION
    (in thousands of United States dollars, except share and per share amounts)
     
    As at   Notes   March 31, 2025     December 31, 2024  
    ASSETS                
    Asset Management:                
    Cash       $ 2,563     $ 8,933  
    Investments   6     25,605       21,668  
    Intangible assets   9     24,064       24,801  
    Other assets         8,622       8,187  
    Total assets — asset management         60,854       63,589  
    Insurance:                
    Cash and cash equivalents         123,245       77,055  
    Restricted cash posted as collateral   18     12,526       15,716  
    Investments   6     1,019,969       1,045,436  
    Reinsurance contract assets   13     408,492       392,092  
    Intangible assets   9     2,444       2,444  
    Goodwill   9     55,015       55,015  
    Other assets         21,298       38,183  
    Total assets — insurance         1,642,989       1,625,941  
    Total assets       $ 1,703,843     $ 1,689,530  
    LIABILITIES                
    Asset Management                
    Due to affiliates   10   $ 8,994     $ 10,470  
    Debt obligations   12     78,401       78,427  
    Derivatives – debt warrants   12     737       504  
    Accrued expenses and other liabilities         9,770       5,097  
    Total liabilities — asset management         97,902       94,498  
    Insurance                
    Debt obligations   12     17,250       14,250  
    Insurance contract liabilities   13     1,069,625       1,048,413  
    Investment contract liabilities   14     222,074       227,041  
    Derivatives   18     1,864       5,192  
    Funds held under reinsurance contracts         238,371       239,918  
    Accrued expenses and other liabilities         7,856       2,995  
    Total liabilities — insurance         1,557,040       1,537,809  
    Total liabilities         1,654,942       1,632,307  
    EQUITY                
    Common shares   11     121,372       116,118  
    Warrants   11     1,129       1,129  
    Contributed surplus         8,063       7,917  
    Surplus (Deficit)         (59,805 )     (46,083 )
    Cumulative translation adjustment         (21,858 )     (21,858 )
    Total equity         48,901       57,223  
    Total liabilities and equity       $ 1,703,843     $ 1,689,530  
     
    MOUNT LOGAN CAPITAL INC.
    CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
    (in thousands of United States dollars, except share and per share amounts)
     
          Three months ended  
        Notes March 31, 2025     March 31, 2024  
                   
    REVENUE              
    Asset management              
    Management and incentive fee   7 $ 2,928     $ 3,494  
    Equity investment earning       282       224  
    Interest income       268       271  
    Dividend income       38       112  
    other Income       299        
    Net gains (losses) from investment activities   4   (623 )     (71 )
    Total revenue — asset management       3,192       4,030  
    Insurance              
    Insurance revenue   8   23,389       22,741  
    Insurance service expenses   8   (25,534 )     (25,184 )
    Net expenses from reinsurance contracts held   8   (52 )     (649 )
    Insurance service result       (2,197 )     (3,092 )
    Net investment income   5   19,004       21,804  
    Net gains (losses) from investment activities   4   6,958       2,666  
    Realized and unrealized gains (losses) on embedded derivative — funds withheld       (4,783 )     (3,829 )
    Other income       —       6  
    Total revenue, net of insurance service expenses and net expenses from reinsurance contracts held — insurance       18,982       17,555  
    Total revenue       22,174       21,585  
    EXPENSES              
    Asset management              
    Administration and servicing fees   10   1,237       1,423  
    Transaction costs       4,545       251  
    Amortization and impairment of intangible assets   9   737       346  
    Interest and other credit facility expenses   12   1,857       1,702  
    General, administrative and other       4,202       3,893  
    Total expenses — asset management       12,578       7,615  
    Insurance              
    Net insurance finance (income) expenses   5   17,808       (7,252 )
    Increase (decrease) in investment contract liabilities   14   1,957       2,279  
    (Increase) decrease in reinsurance contract assets       966       3,556  
    General, administrative and other       2,549       2,239  
    Total expenses — insurance       23,280       822  
    Total expenses       35,813       8,437  
    Income (loss) before taxes       (13,684 )     13,148  
    Income tax (expense) benefit — asset management   15   361       (56 )
    Net income (loss) and comprehensive income (loss)     $ (13,323 )   $ 13,092  
    Earnings per share              
    Basic     $ (0.48 )   $ 0.51  
    Diluted     $ (0.48 )   $ 0.50  
    Dividends per common share — USD     $ 0.01     $ 0.02  
    Dividends per common share — CAD     $ 0.02     $ 0.02  
                       

    1The yield is calculated based on the net investment income less management fees paid to Mount Logan divided by the average of investments in financial assets for the current year and prior year.

    The MIL Network –

  • MIL-OSI New Zealand: $577 million to support film and TV production

    Source: NZ Music Month takes to the streets

    The Government is providing certainty to New Zealand’s film industry by providing the funding needed to sustain the International Screen Production Rebate, Economic Growth Minister Nicola Willis announced today.

    “This funding will help bring investment, jobs and income to New Zealand, boosting our economic growth. 

    “We are sending a clear message to the world: New Zealand is the best place in the world to make movies.  Bring your productions here to take advantage of our talent and locations. 

    “The Budget increase of $577 million across this year and the next four takes total funding for the rebate scheme to $1.09 billion over the forecast period, better reflecting expected demand for the scheme. Settings remain unchanged,” Nicola Willis says. 

    “The rebate scheme is working and we want New Zealand’s film industry to know the Government is backing them to grow into the future. 

    “At last count our screen sector provided work for about 24,000 people and generated about $3.5 billion in annual revenue. 

    “While industry incentives are not generally our favoured approach, the reality is we simply won’t get the offshore investment in our highly successful screen sector without continuing this scheme,” Ms Willis says.

    “New Zealand competes with more than 100 territories world-wide that provide screen incentives, including countries like Australia, Canada and the United Kingdom that provide more generous incentives than ours.

    “Eligible productions can access a 20 per cent cash rebate on qualifying New Zealand production expenditure where production costs are more than $15 million for feature films and $4 million for TV productions.

    ”A further 5 per cent rebate is available to productions spending more than $30 million which meet additional criteria for industry and economic growth.

    “Inbound productions invested nearly $7.5 billion in New Zealand in the past 10 years, supported by $1.5 billion in rebate payments.

    “Following a review of the rebate settings completed in late-2023, 10 big international productions have been attracted here, including eight from the major Hollywood studios. They include A Minecraft Movie, the second highest-grossing film of 2025 so far, and Taika Waititi’s Klara and the Sun now in production.

    “Along with investment and jobs, New Zealand has benefited from acquiring a highly skilled screen industry workforce. Film production companies provide work for thousands of people and create fantastic opportunities for young New Zealanders.

    “The Government will continue to work with the New Zealand Film Commission to ensure we continue to attract high-value productions from around the world.”

    Notes for editors

    • Through Budget 2025, the Government is increasing baseline funding for the New Zealand Screen Production Rebate – International so it better reflects current forecast demand for the rebate.
    • Previously the Government was regularly called on to provide time-limited funding on top of baseline funding for the scheme.
    • The changes mean that funding for 2024/25 is increasing to $250 million, and to $210 million from 2025/26 onwards, which better reflects the expected costs of the rebate based on registered productions and current forecast demand.

    MIL OSI New Zealand News –

  • MIL-OSI: Red White & Bloom Brands Provides Update on Status of Management Cease Trade Order

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) is providing this update on the status of a management cease trade order granted on May 1, 2025 (the “MCTO”) by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order (“NP 12-203”).

    On May 1, 2025, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management’s discussion and analysis for the fiscal year ended December 31, 2024 (the “Annual Filings”) beyond the period prescribed under applicable Canadian securities laws (the “Default Announcement”).

    The Company reports that the audit continues to progress and the Company will provide a further update on the timing of its Annual Filings on or about May 30, 2025 if it has not filed prior to this date. The Company is also progressing on completion of its interim financial statements and accompanying management’s discussion and analysis for the first quarter ended March 31, 2025, and will provide a further update on or before May 30, 2025. Further updates on timing will be provided by the Company as necessary.

    During the MCTO, the general investing public will continue to be able to trade in the Company’s listed common shares. However, the Company’s chief executive officer, president and chief financial officer will not be able to trade in the Company’s shares.

    Other than as disclosed in this news release, there are no material changes to the information contained in the initial press release associated with the MCTO. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement. These updates will include information regarding the progress of the Annual Filings and any material changes to the Company’s business, if any.

    About Red White & Bloom Brands Inc.

    Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

    Red White & Bloom Brands Inc.
    Investor and Media Relations
    Edoardo Mattei, CFO
    IR@RedWhiteBloom.com
    947-225-0503
    Visit us on the web: https://www.redwhitebloom.com/.

    Follow us on social media:

    X @rwbbrands

    Facebook @redwhitebloombrands

    Instagram @redwhitebloombrands

    Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

    FORWARD LOOKING INFORMATION

    Certain information contained in this news release may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

    Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings; the expected duration of the MCTO; the Company’s ongoing operations; and the Company’s intention to issue bi-weekly default status updates.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; market conditions; the Company’s financial condition and liquidity; the ability to achieve the anticipated benefits of the debt restructuring; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated.

    There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

    The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The MIL Network –

  • MIL-OSI: Westport Publishes Annual General and Special Meeting Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 15, 2025 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX:WPRT / Nasdaq:WPRT), today held its Annual General and Special Meeting of Shareholders (the “Meeting”) in a virtual format. Shareholders approved all resolutions presented at the meeting including the election of all nominated directors for the ensuing year, the appointment of KPMG LLP as the Company’s auditors for the fiscal year, the advisory vote on executive compensation, and the sale of Westport Fuel Systems Italia S.r.l in accordance with the terms of the sale and purchase agreement dated as of March 30, 2025.

    A summary of the results are as follows:

    Resolution Outcome
    of Vote    		 Percentage of
    Votes For    		 Percentage of
    Votes
    Withheld/Against
           
    Election of Directors      
    Michele Buchignani Approved 81.22% 18.78%
    Anthony Guglielmin Approved 87.16% 12.84%
    Daniel M. Hancock Approved 61.47% 38.53%
    Daniel Sceli Approved 91.10% 8.90%
    Karl-Viktor Schaller Approved 61.28% 38.72%
    Eileen Wheatman Approved 81.43% 18.57%
           
    Appointment of Auditors Approved 93.83% 6.17%
           
    Executive Compensation      
    (Advisory Vote) Agree 52.87% 47.13%
           
    Sale of Westport Fuel Systems Italia S.r.l Approved 83.38% 16.62%


    About Westport Fuel Systems

    At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

    Investor Inquiries:
    Investor Relations
    T: +1 604-718-2046
    E: invest@wfsinc.com

    The MIL Network –

  • MIL-OSI: Calfrac Announces Voting Results of Election of Directors

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) — Calfrac Well Services Ltd. (“Calfrac”) (TSX–CFW) is pleased to announce the voting results of the election of directors at its annual meeting of shareholders held today. Each of the nominees proposed as a director were elected as directors to hold office until the next annual meeting of shareholders, or until their successors are elected or appointed. Detailed results of the voting for each nominee are set out below, and the full results on all matters voted upon at the meeting will be filed on Calfrac’s profile on SEDAR+ (www.sedarplus.ca).

    Nominee Votes For Votes Against
    Number % Number %
    Ronald P. Mathison 65,434,357 99.65 228,492 0.35
    Douglas R. Ramsay 65,447,107 99.67 215,742 0.33
    George S. Armoyan 63,552,876 96.79 2,109,973 3.21
    Anuroop Duggal 60,951,751 92.83 4,711,098 7.17
    Charles Pellerin 61,770,588 94.07 3,892,261 5.93
    Chetan Mehta 65,638,359 99.96 24,490 0.04
    Holly A. Benson 65,621,974 99.94 40,875 0.06

    Calfrac’s common shares are publicly traded on the Toronto Stock Exchange under the trading symbol “CFW”.

    Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells with continuing operations focused throughout North America and Argentina. The Company executes on its brand promise of “Do It Safely, Do It Right, Do It Profitably” to generate long-term, sustainable returns for its shareholders.

    Further information regarding Calfrac Well Services Ltd., including the most recently filed Annual Information Form, can be accessed on Calfrac’s website at www.calfrac.com or under the Company’s public filings found at www.sedarplus.ca. For further information on this press release, please contact:

    Michael Olinek
    Chief Financial Officer
    (403) 234-6673
    Suite 500, 407 – 8 Avenue S.W.
    Calgary, Alberta, Canada T2P 1E5

    Website: www.calfrac.com

    The MIL Network –

  • MIL-OSI Canada: Internships powering economic growth

    [. To support this, Alberta’s government is making targeted investments to help ensure students develop the skills and abilities needed to meet the workforce demands of the future and succeed in a changing and competitive job market.

    Through a $15-million investment over three years in the Mitacs Internship Program, Alberta’s government is continuing to support valuable internship opportunities. This funding will help provide hands-on learning experiences for post-secondary students and recent graduates in the province’s priority growth areas such as research and development, innovation and science.

    “Hands-on learning is critical to helping students get the skills and training they need, and to prepare them for success in their careers. By working together with industry and the post-secondary system, we are ensuring students receive high-quality education while building the research and innovation labour force that the economy of the future will require.”

    Rajan Sawhney, Minister of Advanced Education

    The Mitacs Internship Program helps drive research commercialization in Alberta and complements other government-funded work-integrated learning programs. Internships also help industry partners achieve their innovation potential, respond to current business challenges and grow their competitive advantage. This $15 million in provincial funding, combined with federal and industry funding, will allow the Mitacs Internship Program to offer more than 3,000 Albertan student internships.

    “Mitacs is honoured to receive this important investment from the Government of Alberta into innovation internships that will boost economic growth, productivity and competitiveness across the province while supporting talent development and retention. We’re proud to contribute to strengthening Alberta’s advanced education and innovation ecosystems.”

    Dr. Stephen Lucas, chief executive officer, Mitacs

    Mitacs is a national non-profit that provides grant and internship programs for post-secondary students and recent graduates in the areas of research and development, innovation and science. Currently, 23 Alberta post-secondary institutions throughout the province have Mitacs funding agreements. Students can apply through their schools or directly with Mitacs.

    Quick Facts

    • Mitacs is a national non-profit organization that plays a key role in advancing Alberta’s economic priorities by driving innovation, applied research and workforce development.
      • Mitacs, founded by Canadian mathematicians in 1999, stands for Mathematics of Information Technology and Complex Systems.
      • Its internship program connects industry with researchers and interns at Alberta’s colleges, polytechnics and universities, empowering businesses to solve critical challenges, boost productivity and enhance competitiveness.  
    • Twenty-three Alberta post-secondary institutions have current Mitacs funding agreements:
    • University of Alberta
    • University of Calgary
    • NAIT
    • SAIT
    • Northwestern Polytechnic
    • Red Deer Polytechnic
    • Lethbridge Polytechnic
    • Red Crow Community College
    • Athabasca University
    • University of Lethbridge
    • Bow Valley College
    • Keyano College
    • Lakeland College
    • Medicine Hat College
    • Olds College
    • Portage College
    • Concordia University of Edmonton
    • Mount Royal University
    • Alberta University of Arts
    • MacEwan University
    • NorQuest College
    • Kings University
    • Ambrose University
    • Mitacs is also receiving $39.2 million of federal government and industry funding for 2025-28.
    • Since 2005, Alberta’s government has also partnered with Mitacs to deliver the Globalink Research Internship program which supports internships and unique international research experiences in Alberta’s priority sectors.
      • The program is open to Albertan and international learners.

    Related information

    • Mitacs internship programs for Albertans | Alberta.ca
    • Mitacs Globalink Research Internship Program | Alberta.ca
    • Connecting Students to Research Opportunities – Mitacs
    • Mitacs: Bringing Innovation Into Reach – Mitacs

    Related news

    • More hands-on learning opportunities for students | alberta.ca (Oct.30, 2020)
    • Alberta and China forge stronger ties in education | alberta.ca (Feb 25, 2014)

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Kick Off Summer on Victoria Day at Government House

    Source: Government of Canada regional news

    Released on May 15, 2025

    Summer has arrived at Government House! To celebrate, the team at Government House is taking things outdoors for some Victoria Day free, family fun. 

    Be at Government House Monday, May 19 from 1 to 4 p.m. for a classic car show, to visit furry friends in the petting zoo and enjoy a tasty treat. 

    “Spending Victoria Day at Government House is the perfect way to kick off the season,” Minister Responsible for the Provincial Capital Commission Eric Schmalz said. “Bring family and friends and celebrate the warmer months ahead with an afternoon of outdoor activities on the great lawns which surround this historic site.”

    In addition, Government House is now open seven days a week from 9 a.m. to 5 p.m. Visitor experience hosts are ready to welcome you all summer long. 

    Visitors are also encouraged to explore the sprawling, blooming gardens, the Amédée Forget Museum and check out the newest exhibit in the Queen Elizabeth II Art Gallery. There is always something to see and do at Government House.

    For more information, visit: https://governmenthousesk.ca/events/summer-kick-off.

    About Government House

    Government House is a National Historic Site and Provincial Heritage Property with a mission to provide visitors with an accessible historic place to preserve, promote and celebrate Saskatchewan’s living heritage. Government House is the steward of a vibrant collection and historic property that is living and ever-changing. Experience the story of Government House through educational experiences, engaging programs and collaborative partnerships. 

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Safety booms not installed at Timiskaming Dam Complex

    Source: Government of Canada News

     For immediate release

    Timiskaming, Quebec, May 15, 2025 – Public Services and Procurement Canada (PSPC) wishes to advise the public that, due to unfavourable conditions, the in-water safety booms upstream of the dams have not been installed at the Timiskaming Dam Complex, ahead of the Victoria Day May long weekend, in time for the start of the summer navigation season.

    Safety booms, or water barriers, are designed to ensure the safety of people in and around water by creating secure boundaries.

    The safety booms will be installed once weather conditions permit.

    Exercise caution when approaching the area of the dams. Boaters and swimmers are advised to respect safety signage and stay at a safe distance from the dams.

    PSPC encourages users to exercise caution and thanks them for their patience. 

    MIL OSI Canada News –

  • MIL-OSI Canada: Crop Report For The Period May 6 to May 12, 2025

    Source: Government of Canada regional news

    Released on May 15, 2025

    Limited precipitation over the past week has allowed producers to make substantial seeding progress. Seeding is currently 49 per cent complete across the province, up 31 per cent from last week. This is significantly ahead of the five-year average of 32 per cent and the 10-year average of 34 per cent.

    All regions were able to make considerable seeding gains this week. Currently, the southwest region continues to lead in seeding progress with 76 per cent complete. The northwest region sits at 49 per cent complete. The southeast, west-central and northeast regions are all reporting 43 per cent complete seeding. The east-central region is reporting 33 per cent complete. 

    Pulse crops continue to lead in seeding progress with 78 per cent of field peas seeded, 71 per cent of lentils and 65 per cent of chickpeas. Triticale is the highest in reported seeding completion of the cereals at 73 per cent, followed by durum at 65 per cent, spring wheat at 53 per cent, barley at 45 per cent, oats at 28 per cent and canary seed at 23 per cent. Of the oilseed crops, mustard is leading in seeding completion at 66 per cent, followed by canola at 29 per cent and flax at 28 per cent. Perennial forage is reported at 25 per cent seeded. Soybeans are the furthest behind in seeding completion at 14 per cent. 

    Overall, rainfall was fairly limited throughout the province over the past week. The highest reported rainfall fell in the Marengo area at 14 millimetres (mm) followed by the Wadena area at 13 mm. Many other areas reported trace to limited rainfall for the week. 

    Warm, dry and windy conditions continue to deplete topsoil moisture across the province. Producers are hopeful for moisture soon to help support crop development and improve hay and pasture conditions.Currently, topsoil moisture for cropland is rated at one per cent surplus, 61 per cent adequate, 35 per cent short and three per cent very short. Hayland is rated at 51 per cent adequate, 42 per cent short and seven per cent very short. Pasture topsoil moisture conditions are reported at 42 per cent adequate, 50 per cent short and eight per cent very short.

    Livestock producers in areas of the province are hopeful for moisture to support water supplies moving into the season. Fifty-four per cent of producers currently estimate there are no shortages of on-farm surface water supplies for livestock occurring or anticipated, with 32 per cent estimating that shortages may occur in one to two months depending on future moisture conditions. Twelve per cent of producers are currently indicating that moderate shortages are occurring with two per cent reporting severe shortages occurring. Currently, 84 per cent of producers are not concerned with water quality for their livestock at this time.    

    Producers are busy seeding while watching their early seeded crops begin to emerge. Many are applying pre-seed herbicide products for weed control as the weather allows, along with harrowing, land rolling and rock picking. Livestock producers are checking fences and starting to move cattle out to pasture. They have noted that, although pastures are starting to green up, growth is slow due to the drier conditions. As seeding rapidly progresses across the province, drivers are encouraged to watch for farm machinery moving along highways and roads during this busy season and producers are reminded to take precautions while transporting equipment. 

    A complete, printable version of the Crop Report is available online – Download Crop Report.

    Follow the 2025 Crop Report on Twitter at @SKAgriculture.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Saskatchewan Leads the Nation in Housing Starts and Wholesale Trade Growth

    Source: Government of Canada regional news

    Released on May 15, 2025

    Continued Positive Statistics, a Sign of Strong Financial Position 

    According to the latest data, Saskatchewan recorded a third consecutive month of rising wholesale (excluding petroleum, petroleum products, and other hydrocarbons and excluding Oilseed and grain) trade sales with a 20.9 per cent increase year-over-year from March 2024 to March 2025, as well as a month-over-month increase of 10.2 per cent from February 2025 to March 2025. This ranked first in month-over-month and second in year-over-year growth among the provinces in this category. Wholesale trade (excluding petroleum, petroleum products, and other hydrocarbons and excluding Oilseed and grain) reached $4.0 billion in March 2025.

    In the first four months of 2025, urban housing starts in Saskatchewan increased by 93.8 per cent, compared to the same period in 2024. Saskatchewan ranked first among the provinces in percentage change. The province also saw a year-over-year increase of 88.3 per cent from April 2024 to April 2025, which ranks third among the provinces. Single family dwellings increased by 112.9 per cent , and multiple units increased by 81.8 per cent , compared to April 2024 as well. Saskatoon led the way in growth with a 221.9 per cent year-over-year increase and a 124.7 per cent year-to-date increase.

    “The strong performance we are seeing in housing starts and wholesale trade is further evidence that Saskatchewan is one of the fastest-growing economies in Canada,” Trade and Export Development Minister Warren Kaeding said. “These consistent increases reflect the success of our policies, which are driving job creation, investment and growth across all sectors. Saskatchewan remains a destination for opportunity and is open for business.”

    Housing starts refers to the number of housing projects that started that month. While wholesale trade is a measure of the value of goods purchased in large quantities with the intention of being sold to resellers, but not to final consumers.

    The provincial economy continues to see substantial growth. In 2007, the value of Saskatchewan exports was $19.8 billion, which has since climbed to nearly $50 billion on average over the past three years. In 2024, the province’s exports reached 161 countries. The Government of Saskatchewan remains focused on strengthening international relationships to diversify markets and boost exports.

    Statistics Canada’s latest GDP numbers indicate that Saskatchewan’s 2024 real GDP reached an all-time high of $80.5 billion, increasing by $2.6 billion, or 3.4 per cent. This ranks Saskatchewan second in the nation for real GDP growth, and above the national average of 1.6 per cent.

    Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second highest anticipated percentage increase among the provinces.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada.

    For more information, visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Tackling impaired boating on Alberta’s waterways

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI Canada: Expanded CIC Indigenous Bursary Program Delivering more Supports for Post-Secondary Students Across Saskatchewan

    Source: Government of Canada regional news

    Released on May 15, 2025

    Crown Investments Corporation (CIC) now delivers financial support to more Indigenous post-secondary students in Saskatchewan than ever before. With the expansion of CIC’s Indigenous Bursary Program to most regional colleges and the Gabriel Dumont Institute (GDI), students in rural areas across the province can now gain better access to this educational funding close to their home communities.

    “The Indigenous Bursary Program is one of CIC’s direct efforts to advance economic reconciliation, through delivering more affordable access to training and education opportunities for Indigenous peoples in Saskatchewan,” Crown Investments Corporation Minister Jeremy Harrison said. “Increasing the participation of Indigenous talent in our Crown sector and all aspects of Saskatchewan’s economy is vital to our province’s continued growth.”

    The Indigenous Bursary Program had provided close to $2.2 million between 2018-19 and 2023-24 to financially support students at the University of Saskatchewan, University of Regina, Saskatchewan Polytechnic, Saskatchewan Indian Institute of Technologies (SIIT) and Lakeland College. Since its inception in 2004, more than 1,300 bursaries have been awarded to students.

    The expansion now includes Northlands College, Suncrest College, Southeast College, Great Plains College, North West College and GDI, which offer education opportunities across Saskatchewan’s rural communities and Tribal Council districts. In total, the program provides funding for 115 bursaries per year, valued at $5,000 each – a total annual investment of $575,000.

    “Long-standing partnerships with our donors have been essential in advancing equitable access to education,” Director of Advancement at SIIT Kendra Rowswell said. “Over the years, the bursaries provided by Crown Investments Corporation have significantly reduced financial barriers for Indigenous students, enabling them to pursue their educational goals. CIC’s continued generosity ensures that this impact will be felt for generations to come.” 

    “The Crown Investments Corporation’s Indigenous Bursary provided to the Gabriel Dumont Scholarship Foundation will help create opportunities for Métis students who are unable to access other sources of financial support, one of the major barriers to attending and achieving a higher education,” Gabriel Dumont Institute CEO Brett Vandale said. “In our community, education is the great equalizer!”

    Key program eligibility criterion include:

    • Be of self-declared Indigenous ancestry (includes Status First Nation, Non-Status First Nation, Métis or Inuit);
    • Be a Saskatchewan resident for at least the past 12 months;
    • Achieve satisfactory academic standing in post-secondary studies; and
    • Be registered full-time.  

    Visit: www.cicorp.sk.ca/bursaries-and-internships/indigenous-bursary-program for detailed program information.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Statement by Global Affairs Canada on dissolution of Kurdistan Workers’ Party in Türkiye

    Source: Government of Canada News

    May 15, 2025 – Ottawa, Ontario – Global Affairs Canada

    Global Affairs Canada today issued the following statement following the dissolution of the Kurdistan Workers’ Party (PKK), in Türkiye:

    “Canada welcomes the announcement of the Kurdistan Workers’ Party’s dissolution and disarmament, a significant development that sets the stage for sustainable peace in Türkiye and in the region.

    “The dissolution of the PKK marks the end of a decades-long insurgency. It offers hope for a new era of peace and security for Türkiye, its neighbours, and for Kurdish communities throughout the region.

    “Canada listed the PKK as a terrorist organization in 2002 in consideration of decades of PKK attacks against Turkish civilians, military personnel, police, diplomats, and businesses in Türkiye and abroad.”

    “Canada will continue to work with its international partners to support peace and security in the region.”

    MIL OSI Canada News –

  • MIL-OSI Canada: Day of Ceremony and Action: May 15 is Moose Hide Pin Day

    Source: Government of Canada regional news

    Released on May 15, 2025

    Today, Members of the Legislative Assembly, along with Saskatchewan public service employees will wear moose hide pins to observe the annual Moose Hide Campaign, an Indigenous-led, grassroots movement that has evolved to engage Indigenous and non-Indigenous people to end violence against women and children in Canada. 

    “Throughout Canada, moose hide has become a symbol of taking a stand against violence,” Minister Responsible for First Nations, Métis and Northern Affairs Eric Schmalz said. “By wearing the moose hide pin, we not only demonstrate our stand against violence but our public commitment to end it and protect our mothers, daughters, sisters and friends.”

    “The Moose Hide Campaign stands as a commitment to honour the women and children in our lives,” Minister Responsible for the Status of Women Alana Ross said. “Together, through awareness, education and action, we can create a future free from violence – a future where women, girls and all Saskatchewan people are safe, healthy and prosperous.”

    It started in 2011, when father and daughter Paul and Raven Lacerte were hunting moose along the Highway of Tears in northern BC. Hunting moose is a grounding tradition on their ancestral land that passes knowledge from one generation to the other. The gift of the moose hide is seen as healing medicine that connects all who wear the pins to the land, culture and to each other. For more information, visit: https://moosehidecampaign.ca/. 

    Observing and promoting the Moose Hide Campaign demonstrates the Government of Saskatchewan’s commitment to the Truth and Reconciliation Commission of Canada’s Calls to Action and the Calls for Justice from the National Inquiry into Missing and Murdered Indigenous Women and Girls (MMIWG). It also supports the province’s implementation of the National Action Plan to End Gender-Based Violence.

    The Missing and Murdered Indigenous Women and Girls+ (MMIWG+) Community Response Fund offers $800,000 in funding for projects and events that promote and enhance prevention and build safety for Indigenous women, girls and Two Spirit+ people. Half of the funding is provided by Women and Gender Equality Canada (WAGE). Saskatchewan-based groups, including grass-roots Indigenous groups, can receive up to $40,000 for their project or event. 

    The MMIWG+ Community Response Fund is currently accepting applications. More information, as well as the online application form, is available at saskatchewan.ca/mmiwg-fund.

    To learn more about available supports and resources to help prevent and end violence and abuse and supports for those experiencing it, please visit the Status of Women Office’s website at saskatchewan.ca/swo.

    -30-

    For more information, contact:

    Karen Hill
    Government Relations
    Phone: 306-798-6095
    Email: karen.hill@gov.sk.ca 

    Mackenzie Love
    Parks, Culture and Sport
    Regina
    Phone: 306-526-8635
    Email: mackenzie.love6@gov.sk.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Technical Briefing and Accreditation: 2025 Royal Visit to Canada by Their Majesties King Charles III and Queen Camilla

    Source: Government of Canada News

    OTTAWA – Canadian Heritage officials will hold a media briefing on Tuesday to provide the logistical information regarding the Royal Visit to Canada by Their Majesties King Charles III and Queen Camilla in May 2025. They will visit Canada’s Capital Region, where the King will deliver the Speech from the Throne to open Parliament.

    Please note that all details are subject to change. All times are local.

    EVENT: Media technical briefing

    DATE: Tuesday, May 20

    TIME: 10:30 a.m.

    The technical briefing will be virtual only. Participation in the question-and-answer portion of this event is for accredited members of the Press Gallery only. Media who are not members of the Press Gallery may contact pressres2@parl.gc.ca for temporary access.

    Accreditation:

    All media representatives who wish to cover the 2025 Royal Visit must be accredited in accordance with the normal procedures of the Canadian Parliamentary Press Gallery.

    Permanent members of the Press Gallery must register in advance for the event by submitting their names to pressres2@parl.gc.ca.

    Non-members must request temporary accreditation by contacting pressres2@parl.gc.ca.

    All media wishing to cover the event will require a Royal Visit ID card. When registering with the Press Gallery, you must submit a passport-style photo ID with your request.

    The deadline to apply for accreditation is Thursday, May 22, at 5 p.m. ET.

    Media who are accredited will be notified of the location and date for when they can pick up their passes.

    MIL OSI Canada News –

  • MIL-OSI Canada: Supporting Alberta’s wildfire evacuees

    Emergency evacuations due to the threat of a wildfire or other natural disaster can cause incredible emotional and financial stress for those affected. To help ease the costs of evacuating and provide some peace of mind, Alberta’s government provides emergency evacuation payments to assist those who have been forced from their homes for an extended period of time.

    “Being forced from your home is one of the most difficult things a family can face. Our government is here to support Albertans every step of the way – helping cover urgent costs and providing reassurance during an incredibly stressful time. We’re committed to ensuring families have the help they need, when they need it most.”

    Danielle Smith, Premier

    Each adult resident of an affected community who has been evacuated for seven days or more is eligible to receive a one-time payment of $1,250 and $500 for each dependent child under the age of 18. These evacuation payments help pay for temporary accommodations, food and other necessities while evacuees are away from their homes. Most insurance policies will also provide coverage for additional living expenses if the insured are forced to leave due to a disaster.

    “Whether flood or fire, evacuations due to natural disasters can be incredibly stressful. As always, our government is working hard to ensure help is there for those who need it and do everything we can to support Albertans through this wildfire season.”

    Jason Nixon, Minister of Seniors, Community and Social Services

    Evacuees can apply for the payments online and will have up to 60 days to apply following the start of an evacuation order for their respective community. Payments will be made by e-transfer within 24 hours of application, which is the fastest and most efficient way to receive these payments. Evacuees unable to apply online or receive e-transfer can call the Alberta Supports Contact Centre at 1-877-644-9992 for assistance and to make alternate payment arrangements.

    “In the face of floods and fires, Alberta’s government remains committed to providing essential support and resources to protect and assist Albertans during this wildfire season, ensuring that help is always within reach for those affected.”

    Mike Ellis, Deputy Premier and Minister of Public Safety and Emergency Services

    For those who may need help with evacuating, Alberta’s Income Support Emergency Contact Centre is available 24-7 to provide support. Vulnerable Albertans or those in acute financial need who may need additional financial support for items such as food, clothing, transportation and temporary shelter as they leave their community should contact the Income Support Emergency Contact Centre at 1-866-644-5135.

    “Wildfires are a reality of life in Alberta’s forests, but no Albertan should have to face them alone. Our government is standing with affected communities every step of the way – supporting firefighting efforts on the ground, providing critical information and ensuring families have the support they need to get through these challenging times.”

    Todd Loewen, Minister of Forestry and Parks

    The most up-to-date evacuation information is available at alberta.ca/emergency, Alberta Emergency Alert or by downloading the Alberta Emergency Alert mobile app, which immediately pushes all alerts out to subscribers.

    Quick facts

    • Each adult resident of an affected community who has been evacuated for seven days or more is eligible to receive a one-time payment of $1,250 and $500 for each dependent child under the age of 18.
    • Evacuees can apply for the payments online and will have up to 60 days to apply following the start of an evacuation order for their respective community.
    • Payments will be made by e-transfer within 24 hours of application. Those unable to apply online or receive e-transfers can call the Alberta Supports Contact Centre for assistance and to make alternate payment arrangements.
    • Albertans can connect with Alberta Supports for more information about the benefits available and how to apply by visiting alberta.ca/alberta-supports, emailing [email protected], calling 1-877-644-9992 toll free, or visiting your local Alberta Supports Office for in-person services.
      • Help is available in more than 100 languages.
      • For after-hours support, the Emergency Income Support Contact Centre is available 24-7 at 1-866-644-5135.

    Related Information

    • Alberta Supports
    • Income Support Emergency Contact Centre
    • Alberta.ca/emergency
    • Alberta Emergency Alert app
    • Alberta Wildfire app

    MIL OSI Canada News –

  • MIL-OSI Canada: New B.C. council launched to support forestry in B.C.

    Source: Government of Canada regional news

    The members of the Provincial Forest Advisory Council are reputable, subject-matter experts. They all have the skills and insight needed to advance stewardship of B.C.’s forests.

    All committee members were jointly appointed by the Minister of Forests and the BC Green Caucus. You can read about each committee member below.

    Co-chair:
    Garry Merkel – Centre of Indigenous Land Stewardship director, faculty of forestry, University of British Columbia (UBC)

    Garry Merkel (nadi’ denezā) is Tahltan from northwestern British Columbia – what is now known as the Stikine River area. He is a great-grandfather and is a professional forester with more than 50 years of experience working in most areas of the forest/lands sector. He is the director of the Centre of Indigenous Land Stewardship currently housed in the faculty of forestry at UBC and has a long public policy history in B.C. and beyond. The most recent was co-chairing with Al Gorley the cabinet-appointed Old Growth Review Panel that produced A New Future for Old Forests, A Strategic Review of How British Columbia Manages its Old Forests Within its Ancient Ecosystems (2021).  Government adopted the 14 recommendations in this review. Merkel continues as an independent mentor, coach, facilitator and adviser to support the government in its leadership role, the forest sector and ultimately the overall provincial land sector through this transition.

    Co-chair:
    Shannon Janzen, former vice-president and chief forester, Western Forest Products

    Shannon Janzen became the first woman in Canada to be appointed chief forester of a major forest products company in 2013 and later served as a vice-president of Western Forest Products from 2015 until 2022. Now the owner of Hypha Consulting Inc., she works with Indigenous communities to support their vision for economic and environmental reconciliation. Starting in operations, she spent over a decade in silviculture and planning, later becoming a lead negotiator for the Coast Forest Conservation Initiative. Her work in the Great Bear Rainforest earned her recognition as the Professional Forester of the Year in 2009. 

    Janzen has negotiated agreements benefiting First Nations and implemented cost-saving initiatives including LEAN supply chain programs and LiDAR Forest Inventory programs. She has also led carbon accounting for forest products and managed environmental social governance initiatives for publicly traded companies. Once a volunteer firefighter, Janzen is committed to making business sense of doing the right thing for people and the planet, tackling complex challenges with optimism and focus.

    Norah White, deputy chief forester, B.C. government

    Norah White is deputy chief forester and executive director in British Columbia’s Office of the Chief Forester within the provincial Ministry of Forests, the division of the provincial government responsible for leadership in forest stewardship and sustainable fibre supply.

    White has an extensive background in provincial forest stewardship policy and has led recent sector-wide change in the areas of forest planning, forest carbon, and the management of old forests and ecosystems.

    She holds a bachelor of science in forestry from the University of British Columbia (2004), an executive master of business administration from Simon Fraser University (2022), and a micro-certificate in forest carbon management from UBC’s faculty of forestry (2022).

    White received her registered professional forester designation in 2007 and is an active member of Forest Professionals BC. She lives within the territory of the Lekwungen peoples, also known as Victoria, B.C., with her spouse and their two daughters, ages 12 and 14.

    Jason Fisher, executive director, Forest Enhancement Society of BC

    Jason Fisher, a registered professional forester, is the executive director of the Forest Enhancement Society of BC (FESBC). FESBC invests the funding it receives from the Ministry of Forests to support forest enhancement projects throughout B.C. that reduce wildfire risk, enhance wildlife habitat, assist in the recovery of forests affected by fire, insects and disease, and/or reduce greenhouse emissions through enhancing the utilization of wood waste for bioenergy.

    Fisher earned degrees in forestry and law, and has worked in the private and public sector, serving as a vice-president with Dunkley Lumber and Pinnacle Renewable Energy and as an associate deputy minister in B.C.’s forest ministry. He is also an instructor at the University of Northern British Columbia, where he teaches a senior-level forest policy and management course. Fisher and his family live in Prince George, located within the traditional territory of the Lheidli T’enneh.

    Jeff Bromley, chairperson, United Steelworkers Wood Council

    Elected Steelworkers Wood Council Chair in 2019, Jeff Bromley was a rank and file IWA member beginning in 1994 when he was hired as an operator at the Elko Sawmill at age 25.

    Bromley was born in Richmond and grew up in the mining town of Kimberley with his mother and stepfather, who was also an IWA member at the Canal Flats sawmill. He earned his associated degree at East Kootenay Community College (now College of the Rockies) with a major in history and a minor in political science.

    Rising through the ranks of Local 1-405, Bromley was elected shop steward and plant committee secretary in 1999, and served as trustee from 2001 until 2008. His advocacy and political action activities have included the USW’s Stop the Killing, Enforce the Law campaign, the softwood lumber lobby effort in Ottawa and the Forest Renewal campaign in Victoria. Bromley has been a local union instructor through District 3’s Back to the Locals instructor program.

    Bromley was elected third vice-president of Local 1-405 in 2008 and, in 2010, graduated from the USW’s leadership development program. Elected financial secretary in 2012, he has served the local union in a full-time staff role since 2012.

    Harry Nelson, associate professor, faculty of forestry, UBC

    Harry Nelson is an associate professor in the faculty of forestry at UBC, specializing in economics and policy. His research interests are in analyzing natural and environmental resource policy around how lands and resources are managed in Canada and the forces driving change in forestry, with the goal of developing solutions that can help enhance the long run sustainability of Canadian forests and the communities and businesses that rely upon them. Long-standing areas of his research include investigating the changing role of Indigenous peoples in land and resource management in Canada and assessing how forest-sector firms, governments and others are adapting to climate change impacts in forestry.

    Hugh Scorah, postdoctoral fellow, UBC

    Hugh Scorah is a researcher at UBC forestry and a business and finance consultant for the agricultural and forest sectors. He has worked on projects related to softwood lumber trade, small and medium-sized enterprises in forestry, community forestry, wildfire risk mitigation, economics of silviculture, hydrological risk and liability in forestry, timber auction design, the economics of sustained yield forestry and pricing of forest tenures.

    Al Gorley, retired professional forester and former president, Professional Foresters Association

    Al Gorley has over 50 years experience in forestry and natural resource management. Born in Burns Lake, he lived in a variety of communities in the northwest while growing up, including Queen Charlotte City (Daajing Giids), Kitwanga, Terrace, and Prince Rupert. His early career with the BC Forest Service saw him stationed in Houston, Lower Post, Ootsa Lake and Smithers.

    During a second stint in Houston as forest district manager, he also served as president of the Association of British Columbia Forest Professionals and board chair for Northwest Community College. In 1994, he was appointed regional manager for the Prince George Forest Region and, for a while, worked concurrently as executive director of Forest Practices Code implementation. In 1998, he moved to Victoria to take on the role of vice-president for land and resources at Forest Renewal BC and was later promoted to chief operating officer.

    In 2002, Gorley started his own consulting firm and worked with a wide variety of industries, communities and governments throughout the province, nationally and internationally, on natural resource and management matters. From 2004 until 2007, he served as president of the McGregor Model Forest and was a founding director of the Canadian Model Forest Network. He is a past member of the BC Forest Appeals Commission and Environmental Board and was chair of the Forest Practices Board from 2010 until 2013.

    In 2019, Gorley was appointed to co-chair a strategic review of how old growth forests are managed in B.C., resulting in the 2020 report A New Future for Old Forests. Now retired, he continues to encourage management approaches that will support community and economic well-being within the envelope of ecosystem sustainability.

    Laurie Kremsater, professional forester, biologist, researcher and educator

    Laurie Kremsater is a professional forester and a professional biologist with more than 35 years experience in forest ecology and wildlife resource management. She completed her bachelor of science in forestry with honours and her master of science in forest wildlife ecology at UBC (1989).

    She was a member of the Clayoquot Sound Scientific Panel, was part of the 1990s Old Growth Strategy and part of the team that directed Weyerhaeuser’s Forest Strategy – the most extensive research, adaptive management and monitoring work in B.C. concerning sustaining biodiversity during forest management. Her initial research concerned black-tailed deer ecology and forest birds, then her work expanded to include small mammals, amphibians, species at risk and biodiversity more broadly. Her work now focuses on managing ecosystems as a whole, helping to develop sustainable forest management plans that maintain biological diversity. She designs landscape reserves for the Great Bear Rainforest Order area and trains others to undertake that task. She is helping incorporate Ecosystem-Based Management into planning for Sechelt Community Forest and Lakes Forest Landscape Plan.

    Educating and developing training materials are passions, all aimed at sustaining biodiversity, while maintaining sustainable economic timber opportunity. Kremsater works for academia, government, industry and non-government organizations. After many years as a research associate at UBC, she became an independent consultant, then joined Madrone Environmental for a period, and now once again is consulting on her own, trying, not so successfully yet, to slow down.

    MIL OSI Canada News –

  • MIL-OSI Canada: Safety booms not installed at Latchford Dam

    Source: Government of Canada News

    For immediate release

    Latchford, Ontario, May 15, 2025 – Public Services and Procurement Canada (PSPC) wishes to advise the public that, due to unfavourable conditions, the in-water safety booms upstream of the dam have not been installed at the Latchford Dam, ahead of the Victoria Day May long weekend, in time for the start of the summer navigation season.

    Safety booms, or water barriers, are designed to ensure the safety of people in and around water by creating secure boundaries.

    The safety booms will be installed once weather conditions permit.

    Exercise caution when approaching the area of the dams. Boaters and swimmers are advised to respect safety signage and stay at a safe distance from the dams.

    PSPC encourages users to exercise caution and thanks them for their patience. 

    MIL OSI Canada News –

  • MIL-OSI Canada: Concluding a successful spring session

    [. In addition to the work in the assembly, this session saw the government advocate fiercely for a strong and sovereign Alberta within a united Canada, build and strengthen relationships with trade partners, and defend Alberta’s economy and Albertan jobs.

    In the face of global trade tensions and market uncertainty, the rising cost of living remains one of the largest challenges facing Albertans. This spring, Alberta’s government took action to ease that burden. Budget 2025 delivered the promised income tax cut, saving families up to $1,500 per year. The Automobile Insurance Act was passed to enable better, faster, cheaper auto insurance for Albertans, and we passed legislation to expand energy options by enabling hydrogen blending and making critical reforms to ensure Albertans have access to affordable, reliable utilities when they need them most.

    “Every piece of legislation our government brought forward this session was driven by one goal: to make life better for Albertans. I’m proud to be part of a team that meets the challenges Albertans are facing today and positions our province for long-term success.”

    Joseph Schow, Government House Leader and Minister of Tourism and Sport

    Alberta’s government also passed legislation to deliver on its mandate to restore health and safety for families and communities. The Compassionate Intervention Act introduced a new approach to addressing the addiction crisis, adding another tool to the Alberta Recovery Model and giving Albertans struggling with severe addiction the opportunity to rebuild their lives and reconnect with their family, community and culture. Legislation was also passed that implements lessons learned during previous emergency responses and empowers municipalities through expanded options for local policing.

    This session Alberta’s government passed 19 bills, fulfilled multiple platform commitments and delivered on the strong mandate received from Albertans two years ago.

    Other highlights

    • The Agricultural Operation Practices Amendment Act provides clarity for the emerging biogas industry, spurring job-creating investment in rural Alberta.
    • The Critical Infrastructure Defence Amendment Act protects essential infrastructure and supports the government’s work under the Alberta Sovereignty Within a United Canada Act.
    • The Education Amendment Act reflects changes in the education landscape, strengthening democratic accountability in school boards, and increasing clarity and efficiency in the teacher discipline process.
    • The Election Statutes Amendment Act protects democracy, delivers fair and open elections and restores confidence in every vote cast.
    • The Health Statutes Amendment Act continues the work to refocus the healthcare system, ensuring patients receive the care they need, when and where they need it.
    • The Municipal Affairs Statutes Amendment Act strengthens local governance and collaboration, streamlines processes and bolsters protections for new home builders and buyers.
    • The Professional Governance Act ensures Alberta has a modern, uniform governance framework for professional regulatory organizations.
    • The Wildlife Amendment Act aligns the Wildlife Act with current knowledge and best practices, supporting enhanced opportunities for hunting and trapping, reducing human-wildlife conflicts and streamlining enforcement approaches.

    Related information

    • Bill Status for Legislature 31, Session 1

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Detect early, stop cancer

    Half of all people living in Alberta will have cancer during their lifetime. They deserve high-quality cancer care, including early detection. That’s why Alberta’s government is extending the Alberta Lung Cancer Screening Program and is providing grants to four organizations to improve access to cancer screening – particularly in rural, remote and Indigenous communities.

    Launched as a pilot in 2022, the Alberta Lung Cancer Screening Program was designed to assess whether a provincially coordinated approach could improve lung cancer outcomes through earlier detection and timely treatment. After a promising launch, it is being extended with a $2-million investment and an additional $500,000 from the Alberta Cancer Foundation. This funding will allow the pilot to continue offering screenings to eligible individuals for an additional year while plans are finalized to transition the program to a permanent, provincewide program. 

    “We’re making progress, with more people in Alberta surviving lung cancer than ever before, but more work remains. That’s why we’re funding the Alberta Lung Cancer Screening Program to support early detection and improved patient outcomes.”

    Adriana LaGrange, Minister of Health

    Treatment for early-stage lung cancer is significantly more effective, less burdensome for patients and their families, and more cost-effective for the health care system. Since its launch, the Alberta Lung Cancer Screening Program has screened more than 3,800 eligible people in Alberta, with almost 90 per cent of detected lung cancers identified at an early stage.

    “Late-stage lung cancer is much harder to treat or cure because the cancer has already spread to other parts of the body or there’s too much cancer in the lungs. Screening with low-dose CT scans can detect lung cancer earlier, before someone has symptoms.”

    Dr. Alain Tremblay, medical lead, Alberta Lung Cancer Screening Program

    “This year alone, more than 2,700 Albertans will be diagnosed with lung cancer. Our donors are proud to support vital projects like this that strengthen cancer screening across the province and make a meaningful and lasting impact.”

    Wendy Beauchesne, CEO, Alberta Cancer Foundation 

    More funding available for screening, prevention

    Detecting cancer early is crucial to saving lives, and Alberta’s government continues to make early detection more accessible and easier to navigate.

    The Cancer Research in Screening and Prevention Program is providing about $3 million to support cancer prevention and screening initiatives to improve health outcomes for people living in Alberta, including research, education, marketing and public policy development. Eligible Alberta-based health agencies and organizations, post-secondary institutions, non-profits, First Nations and Métis communities, as well as municipalities, can apply for funding under the program.

    Four organizations received funding for their projects in 2024:

    • Alberta Health Services – Optimizing screening for subsequent primary cancers in recipients of hematopoietic cell transplantation – $343,518
    • Lakeland Métis Nation Association – Lakeland Métis Nation cancer screening awareness program – $600,000
    • Siksika Health Services – Siksika Nation cancer screening and prevention – $997,850
    • University of Alberta – A Phase 3 randomized trial of prostate cancer screening using high resolution micro-ultrasound versus MRI – $987,000

    “As a two-time cancer survivor, I know first-hand that early detection saves lives. This funding empowers us to raise awareness and deliver culturally relevant education in our Métis communities, ensuring citizens have the tools and knowledge to take charge of their health.”

    Melina Power, president & CEO, Lakeland Métis Nation Association

    The deadline to apply for 2025-26 program funding, which includes a dedicated Indigenous stream, is May 30.

    Quick facts

    • Lung cancer is the most common cause of cancer deaths in Alberta.
    • In typical clinical settings, more than 70 per cent of lung cancer cases are detected in advanced stages.
    • Alberta Health Services already operates provincewide screening programs for breast, cervical and colorectal cancer.
    • Since the Cancer Research in Screening and Prevention Program launched in 2022, nine organizations have received funding to initiate a total of 18 projects.

    Related Information

    • Cancer Care Alberta
    • Screening for Life
    • Alberta Cancer Foundation
    • Cancer Research for Screening and Prevention Program Fund
    • Cancer Research for Screening and Prevent Program – Recipients

    Related news

    • Bringing mobile lung screening to rural Alberta (Sept. 25, 2024)

    MIL OSI Canada News –

  • MIL-OSI Canada: Let’s All Get #SafelyHomeFromTheWorkzone

    Source: Government of Canada regional news

    Released on May 15, 2025

    The Victoria Day long weekend marks the beginning of construction season. The Government of Saskatchewan and its various road partners remind all drivers to play their part in helping everyone get safely home from the work zone.

    “Road and utility workers, first responders, tow truck operators and many other are all working for you on and near our highways, streets and roads,” Highways Minister David Marit said. “We ask all motorists to slow down, follow the signs and respect flag persons no matter where their summer travels take them. We want everyone to get home safely.”

    The Ministry of Highways will invest more than $777 million toward improving Saskatchewan roads this year, with its crews and contractors in work zones doing repairs and capital projects to improve our quality of life and support our export-based economy.

    The ministry’s counterparts in urban, rural and other communities will also be doing road work, while provincial Crown utilities and various contractors will be at or near streets and highways to maintain and improve infrastructure. Tow truck operators, police and other first responders will be visible as usual this summer.

    Whether the work zone is in a city or on a highway, it’s important to slow down to keep everyone safe. Following the signage and respecting workers can help drivers avoid collisions and an expensive ticket. On average, 184 collisions happen each year in work zones, resulting in 36 injuries and one death (based on a five-year average from 2019 to 2023). 

    To help promote this message, drivers are encouraged to share this safety video https://youtu.be/R8p_D-QNmUI?si=gIEWd3cy03DMwcxF on social media with the hashtag: #SafelyHomeFromTheWorkZone

    The Highway Hotline can also be checked throughout the year at https://hotline.gov.sk.ca. It provides information on construction zones, weather, ferry crossings and parks. It also alerts drivers to closures and incidents related to vehicle collisions, forest and grass fires.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: From Bella Coola to Baie-Comeau, the NFB is supporting 26 new projects through the FAP and ACIC

    Source: Government of Canada News (2)

    May 12, 2025 – Montreal – National Film Board of Canada (NFB)

    The National Film Board of Canada (NFB) announced today that 26 new projects have been selected as part of its Filmmaker Assistance Program (FAP) and its Aide au cinéma indépendant du Canada (ACIC) program, both of which returned in January 2025.

    Projects from across the country were selected: 15 under the FAP, which supports anglophone filmmakers, and 11 under the ACIC, intended for francophone directors.

    Both programs make high-quality post-production services available to filmmakers at low rates. The services are provided by NFB specialists at its Îlot Balmoral headquarters in Montreal.

    The FAP and ACIC also provide special arrangements for filmmakers who live more than 150 km from headquarters. They can apply for refunds of post-production expenditures for services provided by local companies.

    Through these programs, the NFB provides concrete support to independent filmmakers and to the economic ecosystems of local audiovisual industries across Canada.

    FAP – 15 projects

    • 3 at Balmoral in Montreal
    • 12 in the filmmakers’ cities of residence elsewhere in Canada

    ACIC – 11 projects

    • 7 at Balmoral in Montreal
    • 4 in the filmmakers’ cities of residence elsewhere in Canada

    The filmmakers’ names and the titles of their works will be announced once the projects are completed. Similar announcements will be made yearly. Stay tuned!

    About the FAP

    Since it was created, the FAP has supported hundreds of independent filmmakers, in keeping with the NFB’s mandate as a public producer and distributor. The program ensures that the NFB supports a diversity of filmmakers through the provision of high-quality post-production services at low rates.

    Applications for the FAP program may be submitted to the NFB at any time. Details here.

    About ACIC

    ACIC was created by the NFB more than 50 years ago, in keeping with its mandate as a public producer and distributor. The program supports independent francophone filmmakers through the provision of high-quality post-production services at low rates.

    Applications for the ACIC program may be submitted to the NFB at any time. Details here (in French).

    – 30 –

    Stay Connected

    Online Screening Room: nfb.ca
    NFB Facebook | NFB X | NFB Instagram | NFB Blog | NFB YouTube | NFB Vimeo
    Curator’s perspective | Director’s notes

    About the NFB

    MIL OSI Canada News –

  • MIL-OSI Canada: Suicide prevention framework will save lives

    Source: Government of Canada regional news

    New clinical guidance will offer best practices for recognizing and supporting people at risk for suicide, helping more people get the right care and saving more lives.

    “Every life lost to suicide is a profound tragedy,” said Josie Osborne, Minister of Health. “This new framework represents a critical step in ensuring that individuals experiencing suicidal thoughts can access the support they need to move toward hope and healing. It sets a clear path for how we will care for and support those most at risk.”

    In partnership with the Province, the Canadian Mental Health Association, BC Division (CMHA BC) led the development of a suicide-risk-reduction framework to support health-care organizations in improving care provided to people at risk for suicide. It will apply to patients who are 18 and older and are accessing mental-health or substance use care in hospital emergency departments, acute psychiatry or medical inpatient units or outpatient mental-health services.

    “People experiencing a mental-health crisis need to be met with compassion and person-centred care,” said Amna Shah, parliamentary secretary for mental health and addictions. “When someone is experiencing thoughts of suicide, it is especially important that they get timely supports for as long as they need. This framework will support our health-care facilities in offering best practice guidance so clinicians can help more people with the right care.”

    Through an early, consistent, and systematic process, the framework offers guidance to enhance the detection of individuals at risk for suicide. It also provides suggestions that can help eliminate bias and barriers to care, including stigma and experiences of discrimination or Indigenous-specific racism.

    It also includes best practices to maximize the patient’s safety during and after their care. With a tailored care plan, evidence-based treatment, effective transition to community care, and follow up and monitoring post-discharge, better outcomes can be achieved.

    “When someone is struggling with thoughts of suicide, asking compassionate questions and truly listening can make all the difference,” said Jonny Morris, CEO, CMHA BC. “This framework helps health-care teams have these vital conversations, understand each person’s unique story, and support informed decisions about care. We’re deeply grateful to the Province of B.C., our partners, and especially the courageous and wise individuals whose lived experiences shaped this important work.”

    Building on best practices in Canadian and international jurisdictions, the framework was created with input from people with lived and living experience with mental-health crises. Indigenous cultural safety is embedded throughout the framework, as Indigenous Peoples disproportionately experience poorer health outcomes within the health-care system.

    In addition to prioritizing cultural safety, the framework is based on a foundation of patient and family engagement, trauma-informed care and close collaboration with community care providers, which can help ensure the continuity of care.

    “The release of the suicide-risk reduction framework is an important step for British Columbia, and I want to thank our partners for their collaboration,” said Lesley Lutes, professor, director of the Centre for Obesity and Well-Being Research Excellence, department of psychology, UBC Okanagan; and director of advocacy, BC Psychological Association. “When we treat mental health with the same level of rigour and evidence-based interventions as we do with physical health, we save lives.”

    This work is part of the Province’s efforts to build up the entire continuum of mental-health and substance-use care for people to get the right support for them. This includes increasing early intervention and prevention, adding and expanding treatment and recovery services, building complex care housing, adding overdose prevention services and more.

    If you are experiencing feelings of distress or despair, including thoughts of suicide, call 1 800 SUICIDE (784-2433).

    Quick Facts:

    • In Canada, approximately 12 people die by suicide each day, which translates to 4,500 deaths per year.
    • In B.C., there are an average of approximately 615 deaths by suicide every year.
    • Males accounted for 75% of suicide deaths in B.C. in 2023.
    • In Canada, overall suicide rates are higher among some Indigenous populations than non-Indigenous populations.
      • Suicide rates across First Nations, Métis and Inuit communities vary greatly.
    • Deaths by suicide in the province more than double the motor vehicle fatalities in B.C.

    Learn More:

    To see the suicide-risk-reduction framework, visit: https://news.gov.bc.ca/files/SuicidePrevention_Framework.pdf

    To find mental-health and substance-use supports in B.C., visit: https://helpstartshere.gov.bc.ca/

    MIL OSI Canada News –