Category: Canada

  • MIL-OSI China: Trips by car between Canada, US decline sharply

    Source: China State Council Information Office

    Canadian-resident return trips from the United States and U.S.-resident trips to Canada by automobile continued to decline, Statistics Canada said Thursday.

    According to the latest travel numbers issued by the national statistical agency, the number of Canadian-resident return trips by automobile from the United States totaled 1.5 million in March, a steep decline, or down 31.9 percent, from the same month in 2024.

    March 2025 marked the third consecutive month of year-over-year decline, added the agency.

    Meanwhile the number of U.S.-resident trips to Canada by automobile was 770,400, a decline of 10.6 percent from the same month in 2024. This was the second consecutive month of year-over-year decline, said the agency.

    Amid the tariff war with the United States, the Canadian government is encouraging Canadian consumers to shop and travel within Canada. 

    MIL OSI China News

  • MIL-OSI USA: FECM Leadership Advances New Strategic Priorities at Industry Events and National Laboratory Site Visits

    Source: US Department of Energy

    Blog

    FECM leadership has been engaging with stakeholders and staff across North America, introducing the Trump Administration’s priorities and their role in promoting energy abundance and security.

    Office of Fossil Energy and Carbon Management

    March 20, 2025

    minute read time

    PDAS Tala Goudarzi and Deputy Assistant Secretary of Operations Vicki Michetti take a closer look at the groundbreaking projects underway at the NETL Albany campus.

    In recent weeks, U.S. Department of Energy Office of Fossil Energy and Carbon Management (FECM) leadership has been engaging with stakeholders and staff across North America, introducing the Trump Administration’s priorities and their role in promoting energy abundance and security.

    On February 11, Principal Deputy Assistant Secretary (PDAS) Tala Goudarzi, joined by Deputy Assistant Secretary of Operations Vicki Michetti, visited the National Energy Technology Laboratory (NETL) campus in Albany, Oregon to tour the facility and discuss the Administration’s energy agenda. The NETL-Albany campus is internationally recognized for its work in metallurgy and materials research, with a particular emphasis on processing critical minerals and alloys. Additionally, the campus explores and characterizes natural systems including natural gas hydrates and geothermal systems. 

    From left to right: Senior Advisor Derek Cohen, PDAS Tala Goudarzi, and Deputy Assistant Secretary of Operations Vicki Michetti learn about the innovative work being done at the NETL Morgantown campus.

    On February 27 and February 28, PDAS Goudarzi and Deputy Assistant Secretary of Operations Michetti visited NETL campuses in Pittsburgh, Pennsylvania and Morgantown, West Virginia to discuss the role the laboratory will play in unleashing American energy innovation. From left to right: Senior Advisor Derek Cohen, PDAS Tala Goudarzi, and Deputy Assistant Secretary of Operations Vicki Michetti learn about the innovative work being done at the NETL Morgantown campus.

    PDAS Tala Goudarzi and Senior Advisor Derek Cohen engages with technical staff at the NETL Pittsburgh campus.

    The Pittsburgh campus focuses on process systems engineering, decision science, functional materials, and environmental sciences, with an emphasis on rare earth elements used in defense technology and staples of modern living. The Morgantown campus focuses on domestic coal, natural gas, and oil energy conversion and is also home to Joule 2.0—one of the fastest, largest and most energy-efficient supercomputers in the world. Pictured: PDAS Tala Goudarzi and Senior Advisor Derek Cohen engages with technical staff at the NETL Pittsburgh campus.

    FECM and International Affairs (IA) leadership stand in front of the FECM booth at the 2025 Prospectors & Developers Association of Canada

    The following week, on March 7, FECM’s Deputy Assistant Secretary for the Office of Resource Sustainability Ryan Peay and Senior Science Advisor Grant Bromhal attended the 2025 Prospectors & Developers Association of Canada (PDAC) Conference in Toronto, Canada. Peay and Bromhal met with the mining industry’s most influential experts and stakeholders to further explore the role of a secure, domestic critical minerals supply to strengthen energy security.

    On March 10, Secretary of Energy Chris Wright delivered keynote remarks at the 43rd annual CERAWeek by S&P Global, emphasizing the need to bolster American energy, with a particular focus on liquefied natural gas exports. The conference, which took place in Houston, Texas between March 10 and March 14, centered around the theme of “Moving Ahead: Energy strategies for a complex world.” Throughout the week, PDAS Goudarzi engaged on the ground with industry leaders, policymakers, and other experts about the role of FECM in ensuring national security.

    To keep up to date with future announcements and events, sign up for FECM news alerts and visit FECM’s website.

    MIL OSI USA News

  • MIL-OSI USA: FECM Attends 2025 Prospectors & Developers Association of Canada

    Source: US Department of Energy

    The Office of Fossil Energy and Carbon Management’s (FECM’s) Division of Minerals Sustainability is on the ground at the 2025 Prospectors & Developers Association of Canada (PDAC) conference in Toronto. This premier event focuses on global mineral exploration and serves as one of the largest and most widely recognized platforms for dialogue on critical minerals and the future of mining. 

    This week, Deputy Assistant Secretary for the Office of Minerals Sustainability, Ryan Peay and Senior Science Advisor, Grant Bromhal are engaging with representatives across the mining industry to discuss DOE’s efforts toward robust critical mineral supply networks. Ryan Peay is set to deliver the welcome and opening remarks and will participate in the highly anticipated Critical Minerals to Market: Strengthening North American Critical Mineral Supply Chains event sessions.

    FECM’s Division of Minerals Sustainability is actively advancing a research, development and demonstration portfolio aimed at increasing the domestic production and processing of critical minerals in the United States. By enhancing communication and fostering partnerships between the DOE and other industry stakeholders, FECM aims to expand U.S. access to affordable, reliable, resilient, and secure, and globally competitive critical minerals supply networks. 

    Learn more about FECM’s critical minerals efforts in our fact sheet.

    Be sure to visit the FECM website and follow us on FacebookLinkedIn and Twitter for more information about our research and development efforts.

    MIL OSI USA News

  • MIL-OSI China: China expresses grave concern over US ‘reckless’ tariffs at WTO

    Source: China State Council Information Office

    China on Wednesday expressed grave concern and firm opposition to the United States’ “reckless” tariffs at the World Trade Organization (WTO).

    On the first day of a two-day meeting of the Council for Trade in Goods, China proposed a discussion on the U.S. “reciprocal tariffs,” urging the United States to uphold the WTO rules, so as to avoid negative impact on global economy and the multilateral trading system.

    In its speaking, China slammed the U.S. tariff policy, saying it violates WTO rules and undermines the multilateral trading system.

    The rules of multilateral trading system, with the WTO at its core, serve as the indispensable foundation for global trade, and the most favored nation (MFN)-based tariff commitments ensure trade is conducted transparently, predictably and without discrimination, said China.

    The U.S. trade measures violate the MFN principle and contravene its own tariff binding commitments under WTO rules, said China, noting the measures are “a typical act of unilateralism, protectionism and economic bullying.”

    In addition, China said the United States is a key beneficiary of the multilateral trading system, and described assessing its gains solely through trade deficits or surpluses in goods as a narrow and misleading approach.

    The “reciprocal tariffs” will never be a cure for trade imbalances. Instead, they will backfire, harming the United States itself, China said.

    Emphasizing its belief that all trade disputes should be resolved through the WTO’s established mechanisms, China called on all WTO members to stand together in safeguarding the rules-based multilateral trading system.

    China’s statement was echoed by dozens of WTO members, including the European Union (EU), Switzerland, Canada, Kazakhstan, Britain and Brazil, which took the floor to voice their disapproval of the U.S. measures.

    The EU said U.S. tariffs constitute “a major blow to the world economy and the multilateral trading system,” noting such tariffs will not fix the global trade imbalances.

    Some members said the tariff actions could lead to increased trade tensions and instability, stressing the importance of resolving trade disputes through dialogue and cooperation within the WTO framework. 

    MIL OSI China News

  • MIL-Evening Report: Labor gains 5-point lead in a YouGov poll, taken during Trump tariff chaos

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    A national YouGov poll, conducted April 4–10 from a sample of 1,505, gave Labor a 52.5–47.5 lead, a 1.5-point gain for Labor since the March 28 to April 3 YouGov poll. This is Labor’s best result in YouGov for 18 months, and slightly better for Labor than the 2022 election result (52.1–47.9 to Labor).

    Primary votes were 33.5% Coalition (down 1.5), 32% Labor (up two), 13% Greens (steady), 8.5% One Nation (up 1.5), 1% Trumpet of Patriots (down one), 9% independents (down one) and 3% others (steady). By 2022 election preference flows, Labor would lead by over 53.5–46.5.

    Anthony Albanese’s net approval improved four points to -2, with 47% dissatisfied and 45% satisfied. In the last two weeks, Albanese has gained seven points on net approval. Peter Dutton’s net approval was steady at -15. Albanese led Dutton as better PM by 48–37 (45–38 previously).

    The only other national poll since last Sunday’s article was a Morgan poll that also had Labor extending its lead. The poll graph below shows Labor has kept improving in the polls since early March. With three weeks to go until the May 3 election, Labor is the likely winner.

    The YouGov poll was taken during the period after Donald Trump announced his “Liberation Day” tariffs on April 2, leading to a week of chaos on the stock markets. While US markets had their biggest one-day gain since 2008 on Wednesday after Trump suspended some of his tariffs for 90 days, they slumped again Thursday owing to the very high tariffs on China.

    I believe the more Trump is in the news for doing things that potentially damage the US and world economies, the more Labor will be assisted in the polls by not being the more pro-Trump major party.

    Candidate nominations for the federal election will be declared today after they closed Thursday. If candidates now embarrass their party, they can’t be replaced but only disendorsed; their names will still appear on the ballot paper.

    Morgan poll: Labor increases solid lead

    A national Morgan poll, conducted March 31 to April 4 from a sample of 1,481, gave Labor a 53.5–46.5 lead by headline respondent preferences, a 0.5-point gain for Labor since the March 24–30 Morgan poll.

    Primary votes were 33% Coalition (down two), 32.5% Labor (up 0.5), 13.5% Greens (up 0.5), 6% One Nation (up 0.5), 1.5% Trumpet of Patriots (new for this pollster), 9% independents (down 1.5) and 4.5% others. By 2022 election flows, Labor led by 54.5–45.5, a one-point gain for Labor.

    By 52–33, voters said the country was going in the wrong direction (51.5–32 previously). Morgan’s consumer confidence index increased 1.5 points to 86.8; this poll was taken before the stock market falls.

    Politicians’ net favourable ratings and seat polls

    I previously covered a national Redbridge poll for the News Corp tabloids that gave Labor a 52–48 lead. This poll asked about net favourable ratings for various politicians. Jacqui Lambie was at net -1 favourable, Albanese at -4, Dutton at -15, Greens leader Adam Bandt at -17, Pauline Hanson at -23 and Clive Palmer at -49.

    The Poll Bludger reported on Thursday a seat poll of McMahon by right-wing pollster Compass had Labor incumbent Chris Bowen on just 19% of the primary vote (48.0% in 2022). Bowen trailed the Liberals on 20% and right-wing independent Matt Camenzuli on 41%. The Poll Bludger was very sceptical of this poll.

    A uComms seat poll of Teal-held Wentworth for Climate 200 had teal Allegra Spender leading the Liberals by 58–42 (55.9–44.1 at the 2022 election adjusted for a redistribution). Neither of the polls above gave fieldwork dates, with both having a sample over 1,000. Seat polls are unreliable.

    Canadian and South Korean elections

    The Canadian election is on April 28, and it’s increasingly likely the governing centre-left Liberals will win a seat majority after they were 24 points behind the Conservatives in early January. There hasn’t been much movement from the Trump tariff chaos in the last week, but Trump’s US ratings are down.

    On April 4, South Korea’s Constitutional Court upheld the right-wing president’s impeachment by parliament in December after he declared martial law. A new presidential election was required and will be held on June 3. The centre-left Democrats are very likely to win, and they already have a big parliamentary majority. I covered these elections for The Poll Bludger on Thursday.

    Victorian state Redbridge poll: Coalition narrowly ahead

    A Victorian state Redbridge poll, reported in The Herald Sun, was conducted March 24 to April 2 from a sample of 2,013. It gave the Coalition a 51–49 lead, unchanged since November. Primary votes were 41% Coalition (down two), 29% Labor (down one), 13% Greens (down one) and 17% for all Others (up four). This poll is not as bad for Labor as other recent Victorian polls.

    Liberal leader Brad Battin was at +2 net favourable while Labor Premier Jacinta Allan was at a dismal -35. By 52–27, voters did not think the Labor government had the right priorities. By 46–29, voters supported the Suburban Rail Loop. Over 50% thought the government’s changes to machete and bail laws too lenient.

    Adrian Beaumont 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. Labor gains 5-point lead in a YouGov poll, taken during Trump tariff chaos – https://theconversation.com/labor-gains-5-point-lead-in-a-yougov-poll-taken-during-trump-tariff-chaos-253738

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Prospera Energy Announces Leadership and Operations Update

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 10, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“)

    Leadership Announcement
    Prospera Energy is pleased to announce key appointments to its leadership team, positioning the Company for sustained long term success. Effective immediately, Shubham Garg, who has served as Chairman of the Board since October 2024, will assume the additional role of Interim Chief Executive Officer. Alongside this, Prospera welcomes Mr. Christopher Moore to its Board of Directors. A seasoned entrepreneur and investor, Mr. Moore is a prominent shareholder of the Corporation and brings a formidable blend of industry expertise and market insight. Prospera’s five-member Board now collectively owns 13% of the Company’s outstanding common equity, while reporting insiders control 36%, underscoring a strong alignment between leadership and shareholder interests.

    Mr. Moore brings a deep understanding of the oil and gas markets, paired with extensive experience in scaling businesses. His data-driven approach and sharp grasp of market trends will significantly enhance Prospera’s strategic direction. Beyond his business acumen, Mr. Moore is well-versed in corporate governance and is deeply committed to fostering transparency, accountability, and ethical leadership. With a proven track record of guiding organizations through governance enhancements, he will play a pivotal role in strengthening Prospera’s internal policies and ensuring the highest standards of integrity are upheld. His leadership will be instrumental as Prospera navigates through complex regulatory landscapes and will promote a culture of responsibility, supporting both PEI’s long-term success and the trust of stakeholders.

    Loan Amendment
    The Corporation announces a further amendment to its $11,000,000 promissory note, originally dated July 7, 2024, in collaboration with its principal lender. Following previous increases, an additional $1,000,000 has been added, bringing the total principal amount to $15,500,000. The note retains its original terms, including a 12% interest rate and a two-year maturity, with no other changes. This amendment remains subject to acceptance by the TSXV.

    Operations Update
    Amid volatile oil prices and the looming threat of potential tariffs, Prospera is proactively adapting to operational uncertainty by refining its short-term business strategy. The Corporation is evaluating options such as pausing growth capital—which is already on hold due to the seasonal spring break-up—and engaging in discussions with service providers to optimize vendor payment strategies. These measures affirm Prospera’s commitment to maintaining financial flexibility and operational resilience in an uncertain market.

    Prospera’s reactivation program, completed in Q1 2025 at its Luseland property, continues to deliver impressive results. As of April 8th, 2025, Luseland production reached 190 barrels per day (bbls/d), reflecting a remarkable 186% increase since the transformative changes to the company’s board and management on October 31st, 2024. Ongoing well optimizations are driving further success, with high fluid levels being effectively managed through pump speed adjustments as sand cuts decline, while significant opportunities for additional optimization remain. The company will provide a comprehensive operations update later this month, offering further insights into its progress and strategic direction.

    About Prospera

    Prospera Energy Inc. is a publicly traded Canadian energy company specializing in the exploration, development, and production of crude oil and natural gas. Headquartered in Calgary, Alberta, Prospera is dedicated to optimizing recovery from legacy fields using environmentally safe and efficient reservoir development methods and production practices. The company’s core properties are strategically located in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera Energy Inc. is listed on the TSX Venture Exchange under the symbol PEI and the U.S. OTC Market under GXRFF.

    Prospera reports gross production at the first point of sale, excluding gas used in operations and volumes from partners in arrears, even if cash proceeds are received. Gross production represents Prospera’s working interest before royalties, while net production reflects its working interest after royalty deductions. These definitions align with ASC 51-324 to ensure consistency and transparency in reporting. It is important to note that BOEs (barrels of oil equivalent) may be misleading, particularly if used in isolation. The BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

    For Further Information:

    Shawn Mehler, PR
    Email: investors@prosperaenergy.com

    Chris Ludtke, CFO
    Email: cludtke@prosperaenergy.com

    Shubham Garg, Chairman of the Board
    Email: sgarg@prosperaenergy.com

    FORWARD-LOOKING STATEMENTS
    This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may,” “should,” “anticipate,” “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    Although Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

    The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward- looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

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

    The MIL Network

  • MIL-OSI: Currency Exchange International, Corp. Announces Referral Agreement with Continental Currency Exchange

    Source: GlobeNewswire (MIL-OSI)

    • Exchange Bank of Canada (“EBC” or the “Bank”) is to refer its wholesale business-to-business (B2B) banknote customers in Canada to Continental Currency Exchange, Ltd. (“CCE”), a wholly owned subsidiary of DUCA Financial Services Credit Union Ltd. (“DUCA”)

    TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Currency Exchange International, Corp. (“CXI” or the “Company”) (TSX:CXI) (OTC:CURN), today announced a referral agreement has been entered into with CCE, one of Canada’s leading retailers of foreign exchange services. CCE operates 19 branch locations across Ontario and offers digital products, foreign exchange conversion services, pre-authorized debit and deposit transactions, foreign cheques and drafts, money transfers and wire payments in over 120 currencies. CCE is a wholly owned subsidiary of DUCA, which was formed in 1954 and has grown from a single branch credit union in Toronto to 19 branches across the GTA and Central Ontario with over 93,000 Members and over $8.3 Billion in total assets including assets under management.

    EBC will be referring its wholesale banknote customers in Canada, including financial institutions, to CCE. The referral of EBC’s banknote customers to CCE, an Ontario-based foreign exchange service provider, will mutually benefit all parties and stakeholders.

    “We are pleased and confident that the referral agreement with CCE for EBC’s banknote customers is the best outcome for EBC’s stakeholders as well as CXI shareholders,” said Randolph Pinna, CEO of CXI and EBC.

    “CCE is pleased to implement this Referral Agreement. We welcome the opportunity to build new relationships and grow our business with new B2B wholesale banknote customers that will add to our growing retail foreign exchange services business,” said Tom Robertson, CEO of CCE.

    CXI’s long-term outlook remains positive due to the Company’s focus on its growing businesses in the U.S. in conjunction with expected cost savings and anticipated additional new product growth in the U.S. market. The Company will provide further updates as the Canadian business operations are being discontinued as originally announced on February 18, 2025. During this process, EBC is committed to ensuring minimal disruption to all its stakeholders. 

    CXI is grateful to all of EBC’s team members for their contributions over the years and is committed to providing support and guidance to all employees during this transition to ensure a smooth and respectful process.  

    INFOR Financial Inc. acted as financial advisor to CXI in connection with the referral agreement with Continental Currency Exchange.

    About Currency Exchange International, Corp.

    Currency Exchange International is in the business of providing comprehensive foreign exchange technology and processing services for banks, credit unions, businesses, and consumers in the United States and select clients globally. Primary products and services include the exchange of foreign currencies, wire transfer payments, Global EFTs, and foreign cheque clearing. Wholesale customers are served through its proprietary FX software applications delivered on its web-based interface, www.cxifx.com (“CXIFX”), its related APIs with core banking platforms, and through personal relationship managers. Consumers are served through Company-owned retail branches, agent retail branches, and its e-commerce platform, order.ceifx.com.

    The Group’s wholly-owned Canadian subsidiary, Exchange Bank of Canada, based in Toronto, Canada, is currently in the process of discontinuing its operations in Canada.

    About Continental Currency Exchange, Ltd.

    Continental Currency Exchange, Ltd. is one of Canada’s leading retailers of foreign exchange services, with 19 branch locations across Ontario. The company offers foreign exchange conversion services, including international bill payments, online ordering, pre-authorized debit and deposit transactions, foreign cheques and drafts, money transfers and wire payments in approximately 100 currencies, in addition to a growing suite of digital products. The company’s Privilege Program offers clients no service fees on all cash transactions, premium discounted exchange rates, and lower prices on services including money transfers and wires. For more information, visit www.continentalcurrency.ca.  

    Contact Information

    For further information please contact:
    Bill Mitoulas
    Investor Relations
    (416) 479-9547
    Email: bill.mitoulas@cxifx.com
    Website: www.cxifx.com

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

    This press release includes forward-looking information within the meaning of applicable securities laws. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the merits of a referral agreement for customers and selected employees, the management of employee and customer transitions, the voluntary cessation of operations and discontinuance of Exchange Bank of Canada (EBC), financial performance in fiscal 2025 and 2026, and the associated costs and outcomes of the cessation and discontinuance period in general. Forward-looking statements are identified by the use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “preliminary,” “project,” “will,” “would,” and similar terms and phrases, including references to assumptions. 

    Forward-looking information is based on the opinions and estimates of management at the date such information is provided and on information available to management at such time. Forward-looking information involves significant risks, uncertainties, and assumptions that could cause the Company’s actual results, performance, or achievements to differ materially from the results discussed or implied in such forward-looking information. Actual results may differ materially from results indicated in forward-looking information due to a number of factors including, without limitation, an inability to implement the referral agreement for customers and selected employees on a basis which is beneficial to stakeholders, the inability of the Company to complete the cessation of EBC and discontinuance in accordance with applicable regulatory and legal requirements on a basis which is cost effective and protects the goodwill of the Company, an inability to establish direct correspondent banking relationships to support its U.S. payments business on terms which are economic or at all, the impact of delays or challenges in obtaining regulatory approvals, an inability to manage one-time wind-down costs and severance obligations on cost-effective basis, potential disruptions to operations during the transition period. the risk of reduced liquidity during the transition periods and, generally, the potential for unforeseen liabilities arising during or after the cessation of operations and discontinuance of EBC. 

    Additional risks include the ability of the Company to comply with regulatory requirements in general, the competitive nature of the foreign exchange industry, the impact of geo political changes, and trade wars on factors relevant to the Company’s business, currency exchange risks, the need for the Company to manage its planned growth, the effects of product development and the need for continued technological change, protection of the Company’s proprietary rights, the effect of government regulation and compliance on the Company and the industry in which it operates, network security risks, the ability of the Company to maintain properly working systems, theft and risk of physical harm to personnel, reliance on key management personnel, unexpected losses or challenges associated with customer attrition during the discontinuance, global economic deterioration negatively impacting tourism, volatile securities markets impacting security pricing in a manner unrelated to operating performance and impeding access to capital or increasing the cost of capital, as well as the factors identified throughout this press release and in the section entitled “Financial Risk Factors” of the Company’s Management’s Discussion and Analysis for the twelve months ended October 31, 2024. 

    The forward-looking information contained in this press release represents management’s expectations as of the date hereof (or as of the date such information is otherwise stated to be presented) and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events, or otherwise, except as required under applicable securities laws. 

    The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this press release. No stock exchange, securities commission, or other regulatory authority has approved or disapproved the information contained in this press release. 

    The MIL Network

  • MIL-OSI USA: Senator Murkowski Argues for Congressional Oversight of Tariffs

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    04.10.25
    Washington, DC – In a speech on the Senate floor today, U.S. Senator Lisa Murkowski (R-AK) made her case that Congress needs to reassert its authority – starting with oversight of levying tariffs. In light of the recent trade policies enacted by the executive branch, Senator Murkowski spoke about the role that belongs to Congress, but emphasized that institution has slowly ceded its responsibility to the executive over the last century.
    Click here to watch the Senator’s remarks.
     
    Below is the text of Murkowski’s remarks as delivered.
    Thank you, Mr. President.
    Yesterday was a day that really captured the attention of the world. We’ve all been talking about tariffs for a little bit, but yesterday was the day that really brought the focus to what was going on here in the United States.
    At 12:01 in the morning on Wednesday, President Trump’s tariffs on the countries with which the United States has had the largest trade deficits went into effect on top of the 10% tariff rates that had previously applied to all countries, which had been initiated on Saturday, April 5. Just hours later, yesterday afternoon, the President announced a 90-day pause and lowered reciprocal tariffs to 10% and at the same time, announced that he was raising tariffs on China to 125% – now today, it looks like that number is closer to 145%.
    So, to say that this has been a dizzying week in Washington, DC is probably an understatement. Those of us that are following the markets, it’s been somewhat head-spinning. I’m not going to comment here on the floor today about the negotiating tactics of President Trump. I think he is legendary, and really world renowned, for his skills in bringing nations to the table. We’re seeing some of this play out literally as we speak. Other countries that have approached the administration to have discussions about tariffs. This is a unique kind of leverage, most certainly keeping those across the table off balance. But bringing the world potentially to the brink of a ruinous trade war certainly qualifies as a very unique point of leverage.
    The effort to try to reshore manufacturing here in this country is important, it’s admirable, and it’s something that we should all be working towards. But, I think there has been general agreement that the message from the administration has been decidedly mixed, which leads to further confusion among our trading partners and our allies. If nobody understands where the finish line is, it’s hard to reach it.
    I don’t want to focus my comments here this afternoon about these possible strategies and end results of these policies. But I want to focus more on the process of how these tariffs were imposed, because I believe it is yet another example of Congress choosing to cede its powers to the executive branch. And if the global implications of these tariffs have shown us nothing else, it’s that measures that are as important as these should be considered by the 535 elected individuals that are in tune with the American people, rather than vesting that with just one individual acting unilaterally.
    It’s under Article One, Section Eight of our United States Constitution that clearly enumerates that “Congress shall have the power to lay and collect taxes, duties, imposts and excises.” In other words, the power to levy tariffs rests with us here in the Congress.
    So why have we seen the executive take control over tariff rates? The answer lies in almost in a centuries-long series of bills that we have seen here that Congress has voluntarily enacted and laid down its authority for the executive to pick up.
    Following the disastrous Smoot Hawley Act of 1930 which plunged our nation deeper into the Great Depression, Congress passed the following legislation. First, it was the Reciprocal Trade Agreements Act of 1934, which authorized the president to make limited tariff rates without congressional review on top of negotiating bilateral, reciprocal trade agreements.
    Then, it was the Trade Expansion Act of 1962, which broadened the President’s trade powers to include multilateral trade agreements, while also allowing the president to unilaterally impose tariffs if imports could threaten national security.
    Then, the Trade Act of 1974, which allowed the president to protect U.S. workers by adjusting tariffs if foreign countries engaged in unfair trade practices.
    And then, just a few years later, it was the International Emergency Economic Powers Act of 1977, which gives the president authorities to address declared emergencies if “unusual and extraordinary” threats exist to national security, foreign policy, or to the economy. So those powers include, you probably guessed it, the authority to regulate or prohibit imports.
    So, in his April 2 executive order, President Trump declared a national emergency because of a lack of reciprocity in our bilateral trade relationships and our trading partners’ economic policies that suppress domestic wages. He is authorized to do so under the National Emergencies Act of 1976, so I want to be clear about all of this: I know some people might not like it, but all of what he has done is clearly above board. The president is clearly within his powers to impose tariffs on our allies, like Mexico and Canada and the EU, just as much as he is with our adversaries, like China and Russia and Iran.
    President Trump, and President Biden before him, took this route because Congress has largely relegated tariff authority to the president through the laws that effectively cede to the executive.
    And my friends, it’s just one more example of Congress abdicating instead of legislating. In my time here, I have seen a troubling pattern, in both bodies, where the party that controls the White House seems all too comfortable relinquishing authority to the President, and then rubber stamping whatever policies the executive wants enshrined into law.
    Both Democrats and Republicans in Congress have deferred to the executive to call the shots, in my view, for far too long. Now we use the phrase around here a lot: “co-equal branches of government.” I use it all the time. But the reality is, Congress was created in Article One of the Constitution. We’re given far more authority than the executive. All you need to do is look in your handy dandy little pocket constitution. Ours is a lot longer.
    Look at the authorities that we have:
    Congress may impeach and remove a President and members of the judiciary;
    Congress can override a presidential veto of legislation;
    Congress appropriates the money that funds the operation of all branches of government; and
    It is Congress that again, needs to lay and collect taxes, duties, imposts, and excises.
    We also say a lot around here that “business loves certainty.” I would suggest the country’s entire tariff regime being subject to the whims of one individual lends anything but certainty. And that’s why I have signed on to Senator Grassley and Senator Cantwell’s legislation. They call it the Trade Review Act of 2025, and it would reclaim this branch’s authority and duty to help manage tariffs as outlined in the U.S. Constitution.
    The bill requires notice to Congress of the imposition of, or increase, in any tariffs. It requires notice to Congress in 48 hours. With that congressional notification, it has to include an explanation of the president’s reasoning for imposing or raising the tariffs, as well as providing an analysis of potential impact on American businesses and consumers.
    And I can tell you, the Alaskans that I’m talking to back home would really like the last part of this: an analysis of how this is going to impact us.
    And then another provision within the Grassley-Cantwell Act is within 60 days, Congress would pass a joint resolution of approval on the new tariff. Otherwise, all new tariffs on imports would expire after that deadline.
    What this act effectively would do would be to reaffirm Congress’s role with regards to tariffs. It allows for a greater engagement, if you will, between the executive and the congressional branch. Allows for the debate, allows for that engagement, allows for that understanding.
    So, again, I’m hearing from folks all over back home, because they’re worried we already pay high costs for just about everything in Alaska. They’re worried about what it’s going to mean for groceries, for cars, for furniture, electronics, even coffee.
    We had a visit with a group of high school students on the on the steps yesterday, and they were from all over the state. We had some from Ketchikan, all the way out to King Cove, and out in the YK Delta. And the first question from one of the 16-year-old’s in that group was, “Can you tell me what’s going on with tariffs? How is this going to impact us?”
    I really appreciated that question from that 16-year-old who’s paying attention to what’s going on. He’s got questions. He’s here in Washington, DC, and he’s figuring he’s going to get some answers from his senator.
    Alaskans are facing consequences. They want to know they have a voice in it, and their voice is us. It’s their senator, it’s their representative. That’s our role here.
    Now it’s been suggested, and the president himself has issued a statement about this legislation: he’s indicated that he does not support it, and that he would veto it. That is absolutely within his power.
    But, we also have powers have powers here in Congress, and we need to assert them. And so, I would hope that this bill is maybe just the start, maybe just the toe in the water, where we’re starting to see Congress reassert its authority.
    Because if we don’t stand up for the institution, if we don’t stand up for the legislative branch of our government by debating this issue by holding votes, debating. Let’s debate this! Let’s have a vote on the Trade Review Act. Because if we just sit back, if we don’t assert our authority, we’ve only got ourselves to blame when we don’t like the direction that may be taken.
    The executive has slowly arrogated more and more power since the end of World War II, and it’s dramatically accelerated post-9/11. We here in Congress have stood by, and we’ve accepted it. We’ve said it’s okay. I think it’s time for Congress to reassert itself, whether it’s on tariffs, whether it’s on the power of appropriation, whether it’s overseeing the bodies, the agencies that we as a body have authorized.
    So, let’s legislate. Let’s remember our role is to legislate. We owe that to those that we represent, as well as to this institution, for the long-term good of the nation.
    And with that, Mr. President, I yield the floor.

    MIL OSI USA News

  • MIL-OSI Canada: Fueling innovation, strengthening Alberta’s grid

    [. From heating and cooling homes to powering communities and businesses, Albertans need to know they have access to affordable utilities they can depend on, when and where they need them.

    Bill 52, the Energy and Utilities Statutes Amendment Act, 2025, proposes changes to meet growing demand, prioritizing reliability and affordability in the modernization of the utility system. If passed, the Energy and Utilities Statutes Amendment Act will enable hydrogen use in Alberta’s natural gas system. It will also support critical updates to power market rules and transmission policies to strengthen the power grid, lower and stabilize utility bills, and encourage investment in the province.

    “Albertans need to know they have reliable and affordable utilities to provide for their families and chase their dreams. From responsibly introducing hydrogen blending in our natural gas system to strengthening our power grid, the changes we’re making will drive new investment and fuel Albertans to pursue a bright, successful future.”

    Nathan Neudorf, Minister of Affordability and Utilities

    “We’re shaping a utility system built to last by preserving investment, innovation and open competition while tackling volatile prices and grid stability so Alberta’s energy future is resilient and full of opportunity.”

    Chantelle de Jonge, parliamentary secretary, Affordability and Utilities

    Driving innovation in hydrogen

    The world is looking to hydrogen as an energy solution for hard-to-abate industries. As the largest hydrogen producer in Canada, Alberta has the resources, expertise and investment-ready environment necessary to be a destination of choice for investors and innovators. Through the Energy and Utilities Statutes Amendment Act, 2025, proposed amendments would allow hydrogen blending in the natural gas distribution system for residential and commercial heating and support new technologies while ensuring the safety and reliability of the natural gas system.

    Changes will protect ratepayers from rising costs by ensuring only those who receive hydrogen-blended natural gas in their homes and businesses will pay for any additional system costs. Utility providers will also be required to ensure community support on hydrogen blending projects.

    Strengthening the grid, protecting ratepayers

    Albertans increasingly rely on electricity to power their homes, businesses and lives. The Energy and Utilities Statutes Amendment Act, 2025, if passed, will put Albertans first by advancing the modernization of the electricity market to ensure it can meet their growing needs, at a price they can afford.

    Proposed amendments support the move to a day-ahead reliability market, ensure there is enough power available and reduce the risk of grid alerts in the future. Much-needed updates will also be made to Alberta’s transmission policies to protect ratepayers from rising transmission costs on their utility bills. This includes encouraging more efficient use of existing infrastructure by maximizing the use of existing lines and ensuring new power projects are built in optimal locations. Changes will also see costs assigned on a cost-causation basis, ensuring that Albertans are not burdened with the full cost of any new transmission lines that need to be built.

    Additional legislative changes

    The Energy and Utilities Statutes Amendment Act, 2025 also includes an amendment to the Petroleum Marketing Act to increase the number of directors on the Alberta Petroleum Marketing Commission board from seven to 13 to increase the range of expertise and allow for more robust governance. This will also increase support for new initiatives such as the bitumen royalty in-kind and a proposed gas royalty in-kind, ensuring Albertans receive the maximum value for our resources.

    Quick facts:

    • By 2050, hydrogen is expected to be an $11-trillion industry worldwide.
    • Implementation of the Restructured Energy Market is expected to begin in 2027.

    Related information

    • Transforming the utilities system
    • Bill 52: Energy and Utilities Statutes Amendment Act, 2025
    • Stakeholder Quotes – Energy and Utilities Statutes Amendment Act, 2025
    • Hydrogen Roadmap
    • Alberta Electric System Operator  
    • Market Surveillance Administrator

    Related news

    • Power up, costs down (March 25, 2025)
    • Don’t default to the Rate of Last Resort (Feb. 4, 2025)
    • Rewiring Alberta’s electricity market (Dec. 10, 2024)
    • Keeping Albertans’ lights on and homes warm (Oct. 21, 2024)
    • Making Alberta a global leader in hydrogen (Sept. 13, 2024)
    • Power rates slashed in half by new market rules (Sept. 5, 2024)
    • $2B clean hydrogen investment for Alberta (Aug. 27, 2024)
    • Helping Alberta become a hydrogen powerhouse (April 23, 2024)
    • Power watchdog supports Alberta’s electricity market reforms (Aug. 6, 2024)
    • Preventing power price spikes (June 26, 2024)
    • Affordable and reliable electricity for Albertans (March 11, 2024)
    • Modernizing Alberta’s power grid (March 6, 2024)

    Multimedia

    • Watch the news conference
    • Listen to the news conference

    MIL OSI Canada News

  • MIL-OSI: Hut 8 Schedules First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 10, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced it will release financial results for the first quarter of 2025 before the market opens on May 8, 2025. The Company will host a conference call and webcast to review the results on the same day at 8:30 a.m. ET.

    Conference Call and Webcast Details

    Date: Thursday, May 8, 2025
    Time: 8:30 a.m. ET

    Investors can join the live webcast here. Analysts can register here.

    Supplemental Materials and Upcoming Communications

    The Company expects to make available on its website materials designed to accompany the discussion of its results, along with certain supplemental financial information and other data. For important news and information regarding the Company, including investor presentations and timing of future investor conferences, visit the Investor Relations section of the Company’s website, https://hut8.com/investors, and its social media accounts, including on X and LinkedIn. The Company uses its website and social media accounts as primary channels for disclosing key information to its investors, some of which may contain material and previously non-public information.

    About Hut 8

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-potential computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five ASIC Colocation and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    gautier.young@hut8.com

    The MIL Network

  • MIL-OSI USA: Sorensen Joins Bipartisan Push to Protect Illinoisians from Trade War

    Source: United States House of Representatives – Congressman Eric Sorensen (IL-17)

    WASHINGTON, DC – Congressman Eric Sorensen (IL-17) has joined a bipartisan group of lawmakers in co-sponsoring the Prevent Tariff Abuse Act, a bill aimed at protecting American families, workers, and farmers from unfair and unnecessary tax hikes disguised as “emergency” tariffs. The bill makes it clear that no president should be able to raise taxes on everyday Americans without approval from Congress.

    “Tariffs are taxes—plain and simple—and when presidents abuse their power to impose them without warning, it’s hardworking families and farmers in Central and Northwestern Illinois who pay the price,” said Congressman Eric Sorensen. “This bill protects our communities from skyrocketing prices and economic retaliation. Our small businesses, manufacturers, and agriculture producers deserve a fair and stable economy—not uncertainty created by impulsive decisions made behind closed doors.”

    The Prevent Tariff Abuse Act is a response to recent threats to impose massive tariffs on goods from Canada, Mexico, China, and even allies in Europe—all without proper Congressional oversight. These actions could lead to the largest tax increase on American consumers in a generation, raising prices on everything from groceries to gas. 

    MIL OSI USA News

  • MIL-OSI: Clairvest Partners with NCS Engineers

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with Clairvest Equity Partners VII (“CEP VII”, collectively “Clairvest”), has made a minority equity investment in NCS Engineers (“NCS” or the “Company”) to support the Company’s growth, employee development and customer delivery. The transaction is part of Clairvest’s multi-year focus on the environmental consulting & engineering domain and represents our first partnership in this sector.

    Founded in 1998 by CEO Ramesh (“Ram”) Narasimham, NCS provides turn-key water and wastewater engineering solutions across the U.S., with a focus on Arizona, Nevada, California, Texas, Maryland, and Virginia. The Company provides mission-critical engineering services for water infrastructure projects including water and wastewater treatment plants, pump stations, and water storage.

    “U.S. water and wastewater systems face critical issues, which in turn are creating opportunities for engineering firms to offer solutions which tackle challenges ranging from aging infrastructure, water scarcity, climate resiliency, and emerging contaminants. We are excited to partner with Ram and the management team at NCS Engineers as we support their vision of leveraging their strong reputation with clients to grow across the U.S.,” said Michael Castellarin, Managing Director of Clairvest.

    “Partnering with Clairvest positions us to create new and exciting opportunities for our employees and will allow us to better serve our clients. This new partnership will advance our growth ambitions and fuel investment in innovation and acquisitions. With a shared vision, Clairvest’s expertise in helping its management partners scale their business makes them the ideal partner as we take our company to the next level,” said Ram Narasimham, Founder and CEO of NCS.

    The NCS Engineers investment is Clairvest’s 68th platform investment and the second investment of CEP VII, a US$1.2 billion investment pool, US$300M of which is from CVG.

    About Clairvest
    Clairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with CAD $4.6 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 68 different platform companies and generated top quartile performance over an extended period.

    Contact Information
    Stephanie Lo
    Director of Investor Relations and Marketing
    Clairvest Group Inc.
    Tel: (416) 925-9270
    stephaniel@clairvest.com

    The MIL Network

  • MIL-OSI: TC Energy to issue first quarter 2025 results on May 1 and hold annual meeting of common shareholders on May 8

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 10, 2025 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will release its first quarter 2025 financial results on Thursday, May 1 at 6:30 a.m. MDT / 8:30 a.m. EDT and hold its 2025 annual meeting of common shareholders on Thursday, May 8, at 10 a.m. MDT / 12 p.m. EDT.

    First quarter 2025 financial results
    François Poirier, TC Energy President and Chief Executive Officer, Sean O’Donnell, Executive Vice-President and Chief Financial Officer, and other members of the executive leadership team will discuss the financial results and Company developments on Thursday, May 1 at 6:30 a.m. MDT / 8:30 a.m. EDT.

    Members of the investment community and other interested parties are invited to participate by calling 1-833-752-3826 (Canada/U.S. toll free) or 1-647-846-8864 (International toll). No passcode is required. Please dial in 15 minutes prior to the start of the call. Alternatively, participants may pre-register for the call here.

    Upon registering, you will receive a calendar booking by email with dial in details and a unique PIN. This process will bypass the operator and avoid the queue. Registration will remain open until the end of the conference call.

    A live webcast of the teleconference will be available on TC Energy’s website at TC Energy – Events and presentations or via the following URL: https://www.gowebcasting.com/13942. The webcast will be available for replay following the meeting.

    A replay of the teleconference will be available two hours after the conclusion of the call until midnight EDT on May 8, 2025. Please call 1-855-669-9658 (Canada/U.S. toll free) or 1-412-317-0088 (International toll) and enter passcode 6585702.

    2025 annual meeting
    TC Energy is also pleased to announce that it has filed its 2025 Management Information Circular, along with the related meeting and proxy materials, for its annual meeting of common shareholders (the Meeting) to be held on Thursday, May 8, 2025, at 10 a.m. MDT / 12 p.m. EDT. The Meeting will be held in a virtual-only format via live video webcast. The webcast, including the live question and answer session, will be recorded and archived for replay following the Meeting.

    The 2025 Management Information Circular, including information on the business of the Meeting, is available on our website at www.tcenergy.com and under TC Energy’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

    For more information on participating in the live virtual meeting, please visit the annual meeting page on our website at 2025 Annual Meeting of Shareholders.

    About TC Energy
    We’re a team of 6,500+ energy problem solvers connecting the world to the energy it needs. Our extensive network of natural gas infrastructure assets is one-of-a-kind. We seamlessly move, generate and store energy and deliver it to where it is needed most, to homes and businesses in North America and across the globe through LNG exports. Our natural gas assets are complemented by our strategic ownership and low-risk investments in power generation.

    TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

    FORWARD-LOOKING INFORMATION
    This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should”, “estimate”, “intend” or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management’s assessment of TC Energy’s and its subsidiaries’ future plans and financial outlook. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission at www.sec.gov.

    -30-

    Media Inquiries:
    Media Relations
    media@tcenergy.com
    403-920-7859 or 800-608-7859

    Investor & Analyst Inquiries:
    Gavin Wylie / Hunter Mau
    investor_relations@tcenergy.com
    403-920-7911 or 800-361-6522

    PDF available: http://ml.globenewswire.com/Resource/Download/0c6d0642-71b0-458e-815f-875a1bcf958b

    The MIL Network

  • MIL-OSI: Mattr Announces Protocol for Its Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today in connection with the filing of its Management Proxy Circular (the “Circular”), that it will be hosting its Annual Meeting (“Meeting”) on May 15, 2025 at 2:00pm EDT. The Company will be conducting an administrative-only Meeting, held in a hybrid meeting format which can be accessed via live webcast at: https://meetings.lumiconnect.com/400-728-282-283 or in person in the Rouge Room at the Marriott Markham, 170 Enterprise Blvd., Markham, Ontario. Registered shareholders will have the opportunity to attend, ask questions and vote at the Meeting in real time through the live webcast or in person. Shareholders are encouraged to vote prior to the meeting using one of the methods described in the Circular, the form of proxy or other materials provided by an intermediary. Registered shareholders may also submit questions in advance of the meeting to meghan.maceachern@mattr.com.

    Non-registered holders who have not duly appointed themselves as proxy may attend as guests but will not be able to vote. If you are a non-registered holder and wish to attend and participate in the Meeting either in person or via webcast, you should carefully follow the instructions set out on your voting information form and in the Circular relating to the Meeting, in order to appoint and register yourself as proxy, otherwise you will be required to login to the webcast as a guest.

    Mattr has elected to use the “notice-and-access” provisions under NI 54-101 for the Meeting in respect of the mailing of the Meeting materials to registered and beneficial shareholders other than those who have explicitly rejected delivery by electronic means. The notice-and-access provisions are a set of rules developed by the Canadian Securities Administrators that reduce the volume of materials required to be physically mailed to shareholders by allowing a reporting issuer to post its proxy-related Meeting materials online.

    Additional information on the Meeting, including with respect to the business to be covered, can be found in the Circular and the other Meeting materials as filed on www.SEDARplus.com and on the Company’s website at Proxy Materials & Annual Financials | Mattr. For a more detailed business update, the Company encourages shareholders to listen to the Q1 2025 earnings call webcast which will take place earlier in the day, at 9:00am EDT, and can be accessed via the Company’s website.

    About Mattr

    Mattr is a growth-oriented, global materials technology company broadly serving critical infrastructure markets, including transportation, communication, water management, energy and electrification. Its two business segments, Composite Technologies and Connection Technologies, enable responsible renewal and enhancement of critical infrastructure.

    For further information, please contact

    Meghan MacEachern
    VP, Investor Relations & External Communications
    Telephone: 437.341.1848
    Email: meghan.maceachern@mattr.com
    Website: www.mattr.com

    Source: Mattr Corp.

    The MIL Network

  • MIL-OSI Canada: Opening more doors to primary care

    Alberta’s government is working to ensure every resident has access to the primary care services they need. With a focus on regions with limited access to care, the new centres will serve as hubs for services in rural, remote and Indigenous communities.

    The centres will increase access to primary care providers – such as physicians, nurse practitioners and pharmacists – while easing pressure on emergency departments and urgent care centres by providing convenient, day-to-day health care services under one roof.

    “We are committed to making primary health care more accessible. Advancing plans for new primary care centres will make it easier for all people in Alberta, including Indigenous Peoples, to access day-to-day services in every corner of the province to improve health outcomes and patient experiences.”

    Adriana LaGrange, Minister of Health

    This $20-million investment will determine the project scope, locations and costs needed to guide future capital decisions. Alberta’s government is taking an integrated approach to health system planning that responds to local needs and priorities.

    “Planning is one of the most essential parts of the construction process. Our team at Alberta Infrastructure is proud to partner with Alberta Health to ensure communities get the specific health projects they need on time, on budget and close to home.”

    Martin Long, Minister of Infrastructure

    Alberta’s government is committed to improving Indigenous health care and programs to support better health outcomes for First Nations, Métis and Inuit in Alberta. Several of the new primary care centres will support Indigenous communities by prioritizing the delivery of high-quality, timely and culturally appropriate care in collaboration with Indigenous partners. Budget 2025 is also investing $45 million for Indigenous health initiatives over three years to help address health inequities and promote health and wellness.

    “Improving access to culturally appropriate health care for Indigenous communities across the province demonstrates our government-wide commitment to working alongside Indigenous Peoples and communities in support of meaningful reconciliation. My colleagues at Health are working closely with First Nations, Inuit and Métis peoples to identify and support Indigenous-led programs and services that make a meaningful difference in their communities. We know we have more work to do, and we aren’t slowing down.”

    Rick Wilson, Minister of Indigenous Relations

    In 2024, the government introduced seven regional health corridors that reflect how Albertans access care and travel to receive services. These corridors, shaped by travel data and public engagement, are informing planning decisions and will help identify where the new primary care centres are most needed.

    “This investment will support Primary Care Alberta’s ongoing work to build a stronger, more unified primary care system – one that puts patients first, supports our front-line teams and brings care to where people are. By expanding access to primary care in rural and remote communities, we will improve access to primary care services for Albertans previously underserved by the health care system.”

    Kim Simmonds, chief executive officer, Primary Care Alberta

    These investments lay the groundwork for a stronger, more accessible primary care system that meets the needs of all Albertans – today and for generations to come.

    Quick facts

    • There are more than 12,000 registered physicians and more than 68,000 regulated nurses delivering health care services in Alberta.
    • Primary Care Alberta’s priorities are to:
      • Ensure every Albertan has access to high-quality primary care services across the province.
      • Incentivize care models that improve health outcomes and prioritize patient experience.
      • Support integrated teams of family physicians, nurse practitioners, midwives and pharmacists to provide the best care possible.

    Related information

    • Budget 2025

    Related news

    • New pay model, better access to family doctors (Dec. 19, 2024)
    • Nurse practitioners expand primary care access (Nov. 20, 2024)
    • Leading primary care into the future (Oct. 15, 2024)

    MIL OSI Canada News

  • MIL-OSI Global: Why are so many second-generation South Asian and Chinese Canadians planning to vote Conservative?

    Source: The Conversation – Canada – By Emine Fidan Elcioglu, Associate Professor of Sociology, University of Toronto

    After months of political decline, the Liberal Party of Canada is showing signs of recovery, buoyed, some suggest, by a surge of national pride in the face of Donald Trump’s tariff war and threats to Canadian sovereignty.

    But this apparent rebound obscures a more surprising political shift: the growing appeal of the Conservative Party of Canada (CPC) among immigrants and their children.

    Traditionally, immigrant and visible minority communities have supported the centrist Liberal Party. In the Greater Toronto Area (GTA), where over half of all residents identify as “visible minority” (the category used by stats can), Chinese and South Asian Canadians have long formed a key part of the Liberal base.

    Yet recent polling tells a different story. An October 2024 survey found that 45 per cent of immigrants had changed their political allegiances since arriving in Canada, with many now leaning Conservative.

    Meanwhile, another national survey from January 2025 found that a majority of East Asian (55 per cent) and South Asian (56 per cent) respondents expressed support for the Conservative Party, far outpacing support for the Liberals or the NDP.

    Nationally, racialized citizens now make up over 26 per cent of Canada’s population, with South Asians and Chinese Canadians the two largest groups.

    While detailed racial breakdowns remain rare in Canadian polling, the few available data points suggest a meaningful shift. This pattern also reflects a broader trend: South Asian and Chinese Canadians in the GTA are increasingly politically active, with rising turnout and growing partisan diversification.

    Ramping up outreach

    The Conservative Party, for its part, has taken notice. Under Pierre Poilievre’s leadership, the CPC has actively recruited racialized candidates and ramped up outreach in suburban swing ridings — particularly through ethnic media advertising and messaging focused on economic self-reliance and family values.

    This rightward shift among racialized voters may seem counter-intuitive. The Conservative Party has historically represented white, affluent voters, and under Stephen Harper (who led from 2006 to 2015), implemented policies that curtailed immigration, tightened citizenship rules and cut social programs in ways that disproportionately harmed racialized communities.

    Why, then, would racialized Canadians increasingly turn to the right?

    In a study I recently published, I interviewed 50 Canadian-born children of South Asian, Chinese and white immigrants living in the Greater Toronto Area (GTA). I argue that this shift is not a contradiction but provides a window into how racialized groups navigate inequality, exclusion and the search for belonging.

    While there are many reasons 2nd-generation racialized Canadians may support the Conservative Party, this study highlights one under-documented explanation. Voting for a right-wing party that represents the interests of white, wealthy citizens can be a way for second-generation South Asian and Chinese Canadians to seek acceptance when power is linked to whiteness..




    Read more:
    Why are brown and Black people supporting the far right?


    The hidden costs of fitting in

    In other words, many of these racialized Canadians don’t vote Conservative because they’re unaware of inequality. They vote Conservative because they’re trying to navigate it.

    Growing up in precariously middle-class households, the young adults I interviewed watched their immigrant parents face deskilling and downward mobility despite arriving in Canada with professional credentials.

    They saw their families pressured to “Canadianize” their names and accents, only to be sidelined by employers who still favoured whiteness.

    And they were raised in a society where multiculturalism celebrates cultural symbols but often ignores structural racism.

    In this context, support for the Conservatives reflects not ignorance of marginalization, but a way to move through it. Aligning with the right becomes a signal of belonging.

    As one young South Asian Canadian man put it:

    “You’ve arrived. You’re a Canadian. So, start voting like one.”

    This desire to belong doesn’t emerge in a vacuum. It’s shaped by racial scripts that reward conformity and penalize dissent — most notably, the model minority stereotype.




    Read more:
    Searching for anti-racism agendas in South Asian Canadian communities


    The price of acceptance

    The model minority stereotype casts Asian Canadians as hardworking and quietly successful. On the surface, it sounds like praise. But in practice, it hides inequality and demands silence in exchange for conditional belonging.




    Read more:
    Model minority blues: The mental health consequences of being a model citizen — Don’t Call Me Resilient EP 9


    That acceptance is fragile. After Sept. 11, 2001, many South Asians, particularly those perceived as Muslim, were quickly recast as dangerous outsiders.

    A similar dynamic resurfaced during the COVID-19 pandemic, when Asian Canadians faced a sharp rise in racial harassment. In both cases, those once celebrated as “model” citizens were suddenly treated as threats.




    Read more:
    The model minority myth hides the racist and sexist violence experienced by Asian women


    In some contexts, political restraint, like staying quiet or avoiding protest, can function as a survival strategy. But that’s not what I observed in this study.

    The second-generation Canadians I interviewed were not politically quiet. They were vocal in their support for the Conservative Party. For them, voting Conservative was a way to assert they already belonged, not by asking for inclusion, but by showing they did not need to. Conservatism became a marker of success, self-reliance and alignment with those at the centre of Canadian life.

    Canada’s official embrace of multiculturalism reinforces this logic. While often praised as a national strength, multiculturalism can obscure how racism really works. Structural barriers are hidden behind feel-good narratives of inclusion.

    Rethinking belonging

    In Canada, ideas about who belongs are often shaped by race, class and respectability. Racialized people must not only prove they are hardworking and law-abiding, but also demonstrate that they’ve “fit in.” For some, voting Conservative becomes a way to show they’ve done just that — a way of saying: “I’m not like them. I’m one of you.”

    But this strategy comes at a cost. In reinforcing the very structures that marginalize them, racialized voters may gain individual recognition while deepening collective exclusion. And in rejecting equity-based platforms, they may forgo the policies that could build a more just society.

    This dynamic isn’t limited to the second generation. A recent CBC survey found that four in five newcomers believe Canada has accepted too many immigrants and international students without proper planning.

    Some immigrants are increasingly expressing exclusionary views, often toward those who arrived more recently. This, too, is a form of aspirational politics. And it shows just how deeply race, precarity and belonging are entangled in Canada today.

    None of this means that racialized Conservative voters are naïve. Their decisions often reflect a clear-eyed understanding of how power works.

    But if we want a fairer political future, we must reckon with the ways race, class and nationalism shape belonging — not just at the ballot box, but in the stories we tell about who gets to be “Canadian.”

    As sociologist Ruha Benjamin reminds us, inclusion shouldn’t be treated as an act of generosity. It’s not about “helping” the marginalized — it’s about understanding that we’re all connected. When fear shapes policy and public goods are stripped away, everyone suffers.

    Emine Fidan Elcioglu 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 are so many second-generation South Asian and Chinese Canadians planning to vote Conservative? – https://theconversation.com/why-are-so-many-second-generation-south-asian-and-chinese-canadians-planning-to-vote-conservative-253820

    MIL OSI – Global Reports

  • MIL-OSI: TrustCo to Release First Quarter 2025 Results on April 21, 2025; Conference Call on April 22, 2025

    Source: GlobeNewswire (MIL-OSI)

    GLENVILLE, N.Y., April 10, 2025 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2025 results after the market close on April 21, 2025. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on April 22, 2025. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 048251.  A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 486810.

    The call will also be audio webcast at https://events.q4inc.com/attendee/647533404, and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website.

    TrustCo Bank Corp NY is a $6.2 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 136 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit www.trustcobank.com.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services.

    The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: volatility in financial markets and the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; changes in interest rates; the effects of inflation and inflationary pressures and changes in monetary and fiscal policies and laws, including changes in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas); the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

       
    Subsidiary: Trustco Bank
       
    Contact:  Robert Leonard
      Executive Vice President
      (518) 381-3693

    The MIL Network

  • MIL-OSI: Altus Group to Hold Annual Meeting of Shareholders on May 7 and Release Q1 2025 Financial Results on May 8; Announces Other Upcoming Investor Events

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (ʺAltus Group” or “the Company”) (TSX: AIF) announced today the following investor events:

    Bell Ringing Ceremony

    Altus Group will be ringing the closing bell on Tuesday, May 6, 2025 at the Toronto Stock Exchange in celebration of the Company’s 20-year anniversary as a public company. A live stream of the ceremony will be available on the Investor Relations section of the Company’s website at: https://www.altusgroup.com/investor-relations/.

    Annual General Meeting of Shareholders

    The Company will hold its annual general meeting of shareholders on Wednesday, May 7, 2025 at 10:00 a.m. (ET).   More information related to the meeting is available on SEDAR+ at www.sedarplus.ca and the Investor Relations section of the Company’s website at https://www.altusgroup.com/investor-relations/notice-and-access/.

    Q1 2025 Results Conference Call & Webcast

    Altus Group plans to release its financial results for the first quarter ended March 31, 2025 after market close on Thursday, May 8, 2025. Altus Group’s management team will host a conference call at 5:00 p.m. (ET) the same day to discuss the results. Analysts who wish to ask questions during the call can participate by telephone at 1-888-660-6794 (conference ID: 8366990). A live and archived webcast of the call with be available on the Investor Relations section of the Company’s website at: https://www.altusgroup.com/investor-relations/.

    Upcoming Investor Conferences

    Members of Altus Group’s executive leadership team are scheduled to participate in the following in-person investor conferences:

    • CIBC Tech & Innovation Conference in Toronto on Thursday, May 22, 2025
    • TD Cowen TMT Conference in New York on Thursday, May 29, 2025
    • RBC Canadian TIMT Symposium in Toronto on Thursday, June 12, 2025

    Institutional investors wishing to attend the conference and schedule in-person meetings with Altus management should contact their bank representatives, as applicable, to register. If made available, a webcast replay of fireside chat presentations will be posted to the Investor Relations section of the Company’s website.

    About Altus Group

    Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 1,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit altusgroup.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Martin Miasko
    Sr. Director, Investor Relations and Strategy, Altus Group
    (647)-267-9176
    martin.miasko@altusgroup.com  

    The MIL Network

  • MIL-OSI Canada: Province, mayors pledge stable, expanded transit services in Metro Vancouver

    Source: Government of Canada regional news

    Transit users in Metro Vancouver will not only see their bus service protected, but will also see more buses on the busiest routes, with new funding from the provincial government.

    The Province is providing $312 million in operating funding to TransLink for the next three years, as part of TransLink’s 2025 Investment Plan.

    “We know TransLink was facing a significant deficit as costs and demand for service increased, and had warned of drastic cuts to services,” said Mike Farnworth, Minister of Transportation and Transit. “Our government is committed to protecting services for the people of B.C. In partnership with TransLink and the Mayors’ Council we are making sure that people continue to have safe, reliable and affordable transit services while expanding priority projects.”

    Along with TransLink’s revenue sources as part of its Investment Plan, provincial funding will help ensure stable transit service over the next three years while also enabling targeted service expansion. Along with adding service to the region’s busiest bus routes, TransLink will also advance planning and design for future Bus Rapid Transit service on priority corridors.

    “This investment plan proposal will not only fully fund TransLink services for two years, but will expand transit with the largest increase to bus service since 2018,” said Brad West, chair of Mayors’ Council on Regional Transportation. “Now, more than ever, is the right time to invest in British Columbia’s future, and these investments are crucial to the region’s growth and economic strength.”

    The $312 million requires approval of the 2025 Investment Plan by the TransLink Board, with final approval by the Mayors’ Council. The Province is also committed to continue working with TransLink and the Mayors’ Council on long-term funding solutions to ensure that people in Metro Vancouver have access to the transit services they need.

    “This proposed plan allows us to get back to what we do best, which is delivering transit services that Metro Vancouver residents want and expect,” said Kevin Quinn, CEO, TransLink. “We appreciate the investments from our government partners which will help us to expand transit services to set up the region for growth and long-term prosperity.”

    Since 2017, the Province has committed more than $11 billion in combined operating and capital funding to support TransLink. This unprecedented level of provincial support enabled transit service to keep running through the pandemic and to rebuild ridership. It also helped with investments in new capital projects, such as the Surrey-Langley Skytrain and the Broadway Subway project, and to keep TransLink’s finances stable.

    MIL OSI Canada News

  • MIL-OSI Security: Antigonish — Community support leads to recovery of stolen historic item

    Source: Royal Canadian Mounted Police

    Community support and engagement was vital to the recent recovery of a bell stolen from a church in Ballantyne’s Cove.

    On April 1, Antigonish County District RCMP responded to a report of theft at a church on Hwy. 337. RCMP officers learned that a large bell was taken from the property sometime the night prior.

    Information gathered led investigators to believe that items stolen from a nearby property had been used in the commission of the offence at the church.

    On April 4, police learned that the missing bell was located in Pictou County. Thanks to the social media posts and the attention they received, an individual received information about where the bell could be found, leading to its safe recovery and return to the church.

    The investigation is ongoing, as officers continue to follow up on leads and information provided by the public about this theft to support criminal charges.

    “When property crime targets historical or cultural items, we understand that the impact can be significant on the community as a whole,” says S/Sgt. Kim Hillier, Antigonish RCMP Detachment Commander. “Thank you to all who played a part in returning this bell to where it belongs.”

    If anyone has information regarding this incident or other property crime offences, they are asked to contact the Antigonish RCMP at 902-863-6500 or the police of jurisdiction. To remain anonymous, call Nova Scotia Crime Stoppers, toll-free, at 1-800-222-TIPS (8477), submit a secure web tip at www.crimestoppers.ns.ca, or use the P3 Tips app.

    MIL Security OSI

  • MIL-OSI: Abaxx Announces Closing of C$10,065,000 Second Tranche of C$32,915,000 Convertible Debenture Offering

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (CBOE:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, indirect majority shareholder of Abaxx Singapore Pte Ltd. , the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), and producer of the SmarterMarkets™ Podcast, today announces that it has closed the second and final tranche (the “Second Tranche”) of its previously announced non-brokered private placement (the “Offering”) of secured convertible debentures (the “Debentures”) for aggregate gross proceeds of C$10,065,000.

    The outstanding principal amount of the Debentures, together with any accrued and unpaid interest, will become due and payable in full on March 26, 2028 (the “Maturity Date”) and will be payable in cash. Each Debenture consists of C$1,000 principal amount of secured convertible debentures of the Company and is convertible into common shares of the Company (each, a “Debenture Share”) at the option of the holder thereof prior to the Maturity Date at a conversion price equal to $13.00 per Debenture Share (the “Conversion Price”).

    The Company has the right to redeem the Debentures at redemption price equal to 105% of the principal amount of the outstanding Debentures plus any accrued and unpaid interest to the date prior to the date of redemption: (a) at any time, should the VWAP of the Company’s common shares exceed 130% of the Conversion Price for no fewer than 20 out of 30 consecutive trading days, or (b) after March 26, 2027.

    The Debentures were issued at an original issue discount equal to 2.5% of the aggregate principal amount of the Debentures and bear interest at a rate of 7.0% per annum from the date of issue, payable semi-annually in arrears in cash on June 30 and December 31 of each year following the first interest payment date of September 30, 2026. The Debentures are secured against certain publicly-traded securities owned by the Company.

    The Offering is subject to the receipt of all necessary regulatory approvals, including the final approval of Cboe Canada. The net proceeds of the Second Tranche are expected to be used for general corporate and working capital purposes. The Debentures and Debenture Shares issuable pursuant to the Second Tranche are subject to statutory hold periods of four months and one day from the date of issuance. No finder fees were issued in connection with the Second Tranche.

    In connection with the Offering, so long as the Debentures remain outstanding, the Company has agreed to not assume any additional indebtedness without the consent of a majority of the holders of Debentures as may be outstanding from time to time, other than: (a) certain permitted debt arrangements of up to C$10,000,000 for working capital or regulatory capital requirements in the normal course of business, and (b) trade indebtedness in the normal course of its business.

    The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.

    About Abaxx Technologies
    Abaxx is building Smarter Markets — markets empowered by better financial technology and market infrastructure to address our biggest challenges, including the energy transition. In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is an indirect majority-owner of subsidiaries Abaxx Exchange and Abaxx Clearing, recognized by MAS as a “recognised market operator” (RMO) and “approved clearing house” (ACH), respectively.

    Abaxx Exchange and Abaxx Clearing are a Singapore-based commodity futures exchange and clearinghouse, introducing centrally cleared, physically deliverable commodities futures and derivatives to provide better price discovery and risk management tools for the commodities critical to our transition to a lower-carbon economy.

    For more information please visit abaxx.techabaxx.exchange and smartermarkets.media.

    For more information about this press release, please contact:

    Steve Fray, CFO
    Tel: +1 647-490-1590

    Media and investor inquiries:

    Abaxx Technologies Inc.
    Investor Relations Team
    Tel: +1 246 271 0082
    E-mail: ir@abaxx.tech

    Cautionary Statement Regarding Forward-Looking Information

    This press release includes certain “forward-looking statements” which do not consist of historical facts. Forward-looking statements include estimates and statements that describe Abaxx’s future plans, objectives, or goals, including words to the effect that Abaxx expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “seeking”, “should”, “intend”, “predict”, “potential”, “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “continue”, “plan” or the negative of these terms and similar expressions. Since forward-looking statements are based on current expectations and assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Abaxx, Abaxx does not provide any assurance that actual results will meet respective management expectations. Risks, uncertainties, assumptions, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information related to Abaxx in this press release includes, but is not limited to: matters related to the Offering and the conversion of the Debentures,regulatory approvals, the agreement to not assume additional indebtedness except certain permitted indebtedness, and the inability of Abaxx to apply the use of proceeds from the Offering as anticipated. Such factors impacting forward-looking information include, among others: the inability to obtain required approvals for the Offering, risks relating to the global economic climate; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. In addition, particular factors which could impact future results of the business of Abaxx include but are not limited to: operations in foreign jurisdictions, protection of intellectual property rights, contractual risk, third-party risk; clearinghouse risk, malicious actor risks, third-party software license risk, system failure risk, risk of technological change; dependence of technical infrastructure; and changes in the price of commodities, capital market conditions, restriction on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion & analysis filed on SEDAR+. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

    Abaxx cautions that the foregoing list of material factors is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Abaxx has assumed that the material factors referred to in the previous paragraphs will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represents the expectations of Abaxx as of the date of this press release and, accordingly, is subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Cboe Canada does not accept responsibility for the adequacy or accuracy of this press release.

    The MIL Network

  • MIL-OSI USA: Welch Leads Bipartisan Legislation to Repeal Trump’s Ruinous Global Tariffs

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. – Today, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, led Senate Democratic Leader Chuck Schumer (D-N.Y.) and Senators Ron Wyden (D-Ore.), Rand Paul (R-Ky.), Tim Kaine (D-Va.), Jeanne Shaheen (D-N.H.), and Elizabeth Warren (D-Mass.) in introducing bipartisan legislation to repeal Donald Trump’s global tariffs and reassert Congress’s trade authorities. The Senators’ resolution would terminate the emergency that Trump declared in order to apply tariffs of up to 49% on products Americans buy from other countries. In the wake of Trump’s tariff declaration, markets have cratered, manufacturers have laid off thousands of workers and foreign countries have retaliated by imposing their own tariffs on U.S. agricultural and manufactured goods. 
    “The President’s reckless global trade war has already gone far beyond everyone’s worst predictions. In just a matter of days, President Trump has thrown the economy into chaos and wiped out Vermonters’ retirement funds–all in an apparent attempt to achieve deeply misguided foreign policy goals,” said Senator Welch. “Congress must stand up and reassert our constitutional role in setting trade policy before Trump’s tariffs ruin more lives and livelihoods.” 
    “Trump’s trade chaos has put our entire economy at the mercy of one man’s social media account – that’s not how America is supposed to work,” said Senator Wyden. “Congress can’t sit on its hands while he slaps a new 10 percent tax on everything families buy, and leaves businesses and seniors in limbo until the next tariff flip flop. Congress needs to pass our bipartisan bill, end the tariff rollercoaster, and restore Congress’ Constitutional authority over trade.” 
    “Tariffs are taxes, and the power to tax belongs to Congress—not the president. Our Founders were clear: tax policy should never rest in the hands of one person,” said Senator Paul. “Abusing emergency powers to impose blanket tariffs not only drives up costs for American families but also tramples on the Constitution. It’s time Congress reasserts its authority and restores the balance of power.” 
    “Make no mistake – the president’s ill-conceived and chaotic trade war is nothing but a tax on American families,” said Senator Schumer. “Trump is leading America headfirst into a recession, with no plans on how to right the cratering economy. The Senate has the power and authority to stop this madness and we have a duty to act in a bipartisan way to repeal these tariffs, which is why I am proud to co-sponsor this legislation. It’s time for Republicans to stand up for American families, lower costs, save seniors’ retirement funds, and prevent a global economic crisis.” 
    “No President has the authority to unilaterally impose such sweeping across-the-board tariffs without congressional approval,” said Senator Kaine. “President Trump’s tariff strategy is raising costs on American families, threatening alliances our national security depends on, and creating opportunity for China and other adversaries to take advantage of global instability. The time is now for Congress to reassert its authority in matters of international trade, and I hope my colleagues on both sides of the aisle will join us.” 
    “The administration’s ill-considered, short-sighted tariffs are a historic tax hike on American families – jacking up the price of gas, fruit, coffee and other groceries, electronics, cars and everything in between,” said Senator Shaheen. “President Trump’s chaotic trade war targets close allies like Canada and Europe even while sparing adversaries like Russia — leaving America weaker, more isolated and distrusted around the globe. I’m proud to help introduce this resolution to force the administration to end these taxes before it does irreparable harm to American families and our international leadership role.” 
    “Donald Trump’s reckless agenda will hurt American families, small businesses, and manufacturers,” said Senator Warren. “The Trump tariffs are economic sabotage, and Congress has the power to stop them. Republicans can join Democrats and end this today.” 
    Under Senate rules, the measure will receive a vote on the Senate floor shortly after the Senate returns from a state work period later this month. If enacted, the resolution would terminate the emergency that Trump declared, reverse Trump’s new taxes of 10% on all imported goods and end his threat of additional tariffs up to 49% on products Americans buy from other countries. In the wake of Trump’s tariff standoff, manufacturers have laid off thousands of workers, and foreign countries have retaliated by slapping their own tariffs on U.S. agricultural and manufactured goods.  
    Read and download the full text of the resolution. 

    MIL OSI USA News

  • MIL-OSI Economics: Marking 30th anniversary, the WTO reflects on historic achievements and future challenges

    Source: World Trade Organization

    The Marrakesh Agreement Establishing the World Trade Organization was signed by 123 countries on 15 April 1994, leading to the birth of the WTO on 1 January 1995. Over the past 30 years, the WTO has helped to bring about a major expansion in global trade, with the objective of raising living standards, increasing employment and promoting sustainable development.

    General Council Chair, Ambassador Saqer Al Moqbel of the Kingdom of Saudi Arabia, opened the event highlighting the WTO’s role over the last three decades in raising living standards through trade, fostering cooperation, and maintaining a rules-based trading system. He underlined the importance of the multilateral trading system as a platform for co-operation and the place where members can build a better world through trade. “Let us not lose sight of that, particularly in the light of recent developments in global trade and the overall economic situation,” he said.

    Director-General Okonjo-Iweala stressed the importance of marking this anniversary, particularly in the light of recent tariff-related developments and the speed at which events are unfolding, adding uncertainty and instability to world trade and the world economy.

    “The uncertainty around global trade has reminded many members why they value the WTO as a bedrock of predictability in the global economy — and as a platform for dialogue and cooperation on trade,” DG Okonjo-Iweala said. She also noted that the understandable and legitimate concerns about the WTO and the multilateral trading system expressed by several members in recent times should be seen as an opportunity to “change the system for the better.”

    She noted that “a far-reaching reform agenda” for the organization should be seen as an important opportunity to improve what does not work and position the WTO for the future. She also pointed out the suggestions brought forward by many members for forward-looking corrective action and reforms to monitoring and transparency, negotiations, and dispute settlement.

    “We need to formulate the right questions to be answered to reform us, and put in place a member-owned process to drive it.” That work should start in Geneva and culminate with a ministerial debate and endorsement of a way forward at the 14th WTO Ministerial Conference (MC14) to be held in Yaoundé, Cameroon, on 26-29 March 2026.

    Highlighting the “incalculable value for money” of an organization with an annual budget of CHF 205 million that ensures that trillions of dollars’ worth of global trade are based on rules and trust, DG Okonjo-Iweala recalled that the WTO is much more than tariffs and emphasized that the organization is functioning and providing many of the benefits it was set up to provide.

    “I remain convinced — I am the ever optimistic — that a bright future awaits global trade and the WTO if we do the right thing. Let us do the right thing and bring this organization to where it should be,” she added. Her full statement is here.

    The keynote address of the event was delivered by the former Prime Minister of Portugal and President of the European Commission José Manuel Durão Barroso, who highlighted the WTO’s role in lifting 1.5 billion people out of extreme poverty since 1995. Mr Barroso emphasized the need for the WTO in a complex global economy, noting its historic successes like lowering tariffs and increasing global trade to over U$ 30 trillion in 2023.

    Advocating for cooperation, dialogue and pragmatism, Mr Barroso stressed the importance of open trade for global prosperity and peace, as exemplified by multilateral organizations and regional integration processes like the European Union in the post-World War II era.

    The former EC President noted that the WTO “is going through what my kids would call a quarter life crisis — it has had big successes, but faces big existential challenges, and also needs to change to meet the demands of a changing world.” At the same time, he stressed the WTO is probably even more necessary today than it was when it was established in 1995.

    He recalled that 30 years ago, the United States, Europe and Japan dominated the global economy and that today global economic power is much more widely distributed. “The world is much more complex today than it was at that time. Sidelining the WTO or allowing it to slide into irrelevance through inaction or deadlock would be a costly error, one that history will not look upon kindly,” he added.

    The keynote address was followed by a plenary session on “Looking back” that brought together former Directors-General and former General Council Chairs to reflect on the work of the last 30 years and how the WTO has contributed to lifting over a billion people out of extreme poverty. The panel featured former Directors-General Supachai Panitchpakdi (2002-2005) and Roberto Azevêdo (2103-2020) as well as former General Council Chairs Ambassador Athaliah Lesiba Molokomme of Botswana and Ambassador David Walker of New Zealand.

    A second session on “Looking forward” provided the opportunity for trade ministers, business and civil society leaders from around the world to reflect on the key emerging areas that will shape the WTO’s work over the next 30 years. Speakers included the Minister of Trade of Cameroon Luc Magloire Mbarga Atangana, the former Minister of Export Promotion, International Trade and Economic Development of Canada Mary Ng, the former Nestlé CEO Mark Schneider, the Secretary-General of the International Organization for Standardization Mario Mujica, and the Executive Director of the South Centre Carlos Correa.

    To close the event, the group of “Friends of the System” issued a statement in support of the rules-based multilateral trading system on the occasion of the 30th anniversary. The communication, supported by 39 members, recognizes the value and achievements of the WTO since 1995. It also reaffirms the central and indispensable role of the organization at the core of the rules-based multilateral trading system, which provides a predictable, transparent, non-discriminatory and open global trading system.

    As the WTO charts a path forward, the group called for a recommitment to pursuing reforms so that the organization will continue to respond to the needs of its diverse membership, reinforce its relevance by responding to the challenges it faces and facilitate free and fair trade. It also emphasized the need to uphold the principles of inclusivity and cooperation, including by enhancing trade capacities.

    The event was closed with a statement from State Councillor Anne Hiltpold on behalf of the Republic and Canton of Geneva.

    This portal highlights some of the WTO’s achievements over the last three decades and the events planned to mark its 30th anniversary.

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    MIL OSI Economics

  • MIL-OSI United Nations: Experts of the Committee on the Rights of Migrant Workers Congratulate Jamaica on Training Programmes for Officials, Raise Questions on Current Bilateral Agreements and the State’s Treatment of Undocumented Migrants

    Source: United Nations – Geneva

    The Committee on the Protection of the Rights of All Migrant Workers and Members of their Families today concluded its consideration of the combined initial and second periodic report of Jamaica.  Committee Experts commended the State on training programmes for officials and raised questions on the current bilateral agreements in place, most notably with Canada, the United States and the United Kingdom, and the treatment of undocumented migrants. 

    Ermal Frasheri, Committee Expert and Country Co-Rapporteur, said Jamaica should be congratulated on the State’s various training programmes for officials, asking questions about specific trainings pertaining to the Convention. 

    Prasad Kariyawasam, Committee Expert and Country Co-Rapporteur, asked about the labour agreements in place between Jamacia and the United States, Canada and the United Kingdom; what kind of agreements were in place with these countries at this point? How did the provisions affect Jamaican migrant workers in those countries?  What kind of consular diplomatic representation did Jamaica have in those countries?  What were the main challenges faced and what was the State party doing to address these challenges? 

    Jasminka Dzumhur, Committee Expert and Country Co-Rapporteur, asked about migrants approaching Jamaica from Cuba by boat; how were they treated when they did not have documents?  How did the State return them?  What happened to those who were found undocumented in Jamaica?  Where were they sent?  Who provided legal aid to migrants? 

    The delegation said Jamaica had bilateral working arrangements in place with Canada and the United States, although the agreement with the United States was not a written agreement and was more of an understanding.  Many Jamaicans had travelled to the United Kingdom after World War II to work, but there was no current bilateral agreement in place with the United Kingdom.  A seasonal agricultural worker’s programme was in place with Canada, which had been created in 1966 and re-signed in 1995.  Each worker was required to sign an employment contract which entitled them to lodgements, meals, and payment of wages.  Jamaica had appointed liaison officers in Canada, across four offices, where the largest concentrations of workers were located. 

    The delegation said Jamaican law considered irregular migrants as being in breach of the detention law, and when they were detained, their rights were enshrined within the Jamaican Constitution.  Irregular migrants were held at local police stations, usually close to their place of entry.  If a person requested to apply for refugee status, they could not be removed from Jamaica until this application was considered, regardless of their nationality or means of entering the country.  The State did not seek to criminalise those in irregular migration. There was no cross-contamination of migrants with convicted men and women, even if they were housed in correctional facilities. 

    Pearnel Charles Jr, Minister of Labour and Social Security of Jamaica, speaking via a video recording, said migration was an integral part of Jamaica’s national experience, and the State continued to prioritise policies that promoted safe, orderly, and regular migration, in alignment with international standards. 

    Jamaica had introduced several key policy initiatives and programmes aimed at ensuring the fair treatment and protection of migrant workers, particularly in the areas of labour mobility, social protection, and anti-exploitation measures.  Despite this progress, challenges remained, including expanding access to social protection for all migrant workers, regardless of their status, and strengthening data collection to improve policy responses to migration trends. 

    In concluding remarks, Mr. Kariyawasam thanked Jamaica for the professional and constructive dialogue. It was a challenging time for migrants’ rights and this interaction was very important.  Jamaica had a vibrant history and had a special role to play in setting standards in the region and the world. 

    Tyesha Turner, Chargé d’Affaires of the Permanent Mission of Jamaica to the United Nations Office at Geneva and head of the delegation, thanked the Committee for the constructive dialogue and all those who had made the dialogue possible. Jamaica apologised for the delay in submitting the report and recognised the importance of complying with its obligations.  Jamaica would continue to work to ensure that all migrant workers and members of their families enjoyed the full protection of their rights. 

     

    The delegation of Jamaica was comprised of representatives from the Ministry of Labour and Social Security; the Ministry of National Security; and the Permanent Mission of Jamaica to the United Nations Office in Geneva. 

    The webcast of Committee meetings can be found here.  All meeting summaries can be found here.  Documents and reports related to the Committee’s fortieth session can be found here.

    The Committee will next meet at 3 p.m. on Tuesday, 15 April, to launch its general comment no. 6 on the convergent protection of the rights of migrant workers and members of their families through the International Convention on the Protection of the Rights of All Migrant Workers and Members of their Families and the Global Compact for Safe, Orderly and Regular Migration.

    Report

    The Committee has before it the combined initial and second periodic report of Jamaica (CMW/C/JAM/1-2). 

    Presentation of Report

    PEARNEL CHARLES JR, Minister of Labour and Social Security of Jamaica, speaking via a video recording, reaffirmed Jamaica’s unwavering commitment to upholding the rights and dignity of migrant workers and their families.  Migration was an integral part of Jamaica’s national experience, and the State continued to prioritise policies that promoted safe, orderly, and regular migration, in alignment with international standards. 

    Jamaica had introduced several key policy initiatives and programmes aimed at ensuring the fair treatment and protection of migrant workers, particularly in the areas of labour mobility, social protection, and anti-exploitation measures.  The State maintained long-standing bilateral labour agreements with countries such as the United States, Canada and the United Kingdom, which facilitated the annual employment of thousands of Jamaican workers, particularly in agriculture, construction and hospitality.  These agreements were routinely reviewed and strengthened to improve working conditions, ensure fair wages, and secure access to social benefits. 

    Jamaica was home to a growing number of migrant workers, primarily from the Caribbean, who contributed significantly to sectors such as agriculture, education, healthcare and tourism.  The State’s labour laws provided core protections, including equal pay, non-discrimination and workplace safety, in accordance with international standards. Efforts were underway to streamline the work permit process to make it more efficient and accessible, ensuring that migrant workers were able to work legally and benefit from the protections to which they were entitled. 

    Jamaica maintained a zero-tolerance approach to all forms of exploitation, including trafficking in persons.  The National Task Force against Trafficking in Persons continued to spearhead national efforts in prevention, prosecution and victim support.  The State had strengthened monitoring systems to identify and prevent exploitative labour practices and had expanded training for immigration and law enforcement officials, to improve their capacity to identify, investigate and respond to trafficking cases, including those involving migrant workers. 

    Despite this progress, challenges remained, including expanding access to social protection for all migrant workers, regardless of their status, and strengthening data collection to improve policy responses to migration trends.  Jamaica remained fully committed to enhancing bilateral and regional cooperation to improve labour migration frameworks, continuing efforts to prevent exploitation and trafficking in persons, and ensuring timely and effective engagement with international mechanisms, including the Committee. 

    TYESHA TURNER, Chargé d’Affaires of the Permanent Mission of Jamaica to the United Nations Office at Geneva, and head of the delegation, said the delegation appreciated the patience of the Committee on the issue of the submission of the report. It had been hoped that the report would be submitted prior to the dialogue, however, Jamaica aimed to submit the report by the time the dialogue concluded.  Jamaica regretted the delay in submitting the report but hoped that the delegation’s appearance before the Committee was evidence of the State’s commitment to protecting and promoting the rights of migrant workers. 

    The liquidity crisis continued to impact the treaty bodies, including the Committee on the Rights of Migrant Workers, and the lack of hybrid services had an impact on small island developing States.  Jamaica would consult with members of the delegation in Kingston to provide all information necessary to the Committee. 

    Questions by Committee Experts

    JASMINKA DZUMHUR, Committee Expert and Country Co-Rapporteur, said the concluding observations of the Committee could only be based on what was discussed today.  In these circumstances it was difficult to have a constructive dialogue, and it was hoped lessons would be learnt from this process.  Could more information be provided on Jamaica’s national action plan on development? How did this plan relate to migrants?  Could information be provided on the medium-term socio-economic policy framework?  Which new strategic documents had been adopted related to the combatting of trafficking in persons? 

    What was the status of the ratification of International Labour Organization Conventions? How many migrants were on the territory of Jamaica?  From which countries?  Had there been any progress relating to the establishment of the national human rights institution?  How much coordination was undertaken with civil society organizations?  What was the mechanism for the protection of trafficking victims?  What did the system include?  What kinds of measures and activities were in place to support victims?  What information was available on cases of trafficking in children?  Had any perpetrators been brought to justice? 

    The Committee had received information that those approaching Jamaica by boat were detained in one house in poor conditions, with families separated from their children; could the delegation comment on this?  Could information be provided on existing legislation related to asylum seekers and their protection?  Was there any option which allowed undocumented migrants to work? 

    PRASAD KARIYAWASAM, Committee Expert and Country Co-Rapporteur, asked about the labour agreements in place between Jamacia and the United States, Canada and the United Kingdom; what kind of agreements were in place with these countries at this point?  How did the provisions affect Jamaican migrant workers in those countries?  What kind of consular diplomatic representation did Jamaica have in those countries?  What were the main challenges faced and what was the State party doing to address these challenges?  Did Jamaica provide legal support, consular assistance, repatriations etc?  How many Jamaicans were working abroad? 

    The Committee had received substantive information that people came to Jamaica from Haiti and Cuba in search of work; these were undocumented migrants who were protected under the Convention.  How was the Convention invoked when dealing with these people?  The Committee had heard there was detention and collective expulsions of these people, and their children were not provided with education; could the delegation comment on these allegations?  What efforts was the State undertaking to provide education for children of undocumented migrant workers?  What measures was Jamaica taking to prevent these workers from being exploited and to provide them with a decent wage? 

    ERMAL FRASHERI, Committee Expert and Country Co-Rapporteur, asked if there were any issues Jamacia had which arose from enforcing the Convention?  Was there anything the State believed that the United Nations mechanisms, including the Committee, could do to help? 

    MAMANE OUMARIA, Committee Expert and Country Co-Rapporteur, commended the Jamaican delegation for travelling to Geneva for the dialogue.  Without the report, it was difficult to ask questions.  Jamaica was a country of origin of migration. The State had established an effective protection mechanism for Jamaican migrants abroad, through consular missions. Was there a protection mechanism in place for domestic workers?  What difficulties did Jamaican migrant workers face when they travelled to the United States, Canada and the United Kingdom?  Had Jamaica established a national human rights commission?  Was it operational?  Did it hold A Status? 

    A Committee Expert asked about the Haitian population.  The depth of the crisis Haiti faced had led to growing migration across the region.  How was the State treating this population?  Were there any initiatives from the Caribbean Community to support these people?  What types of policies and measures were developed to protect Haitian migrants abroad?  What were the consulates doing to assist Jamaican nationals living abroad? What support was being given to families regarding the arbitrary migration policies implemented by the United Kingdom, including in response to the Windrush scandal? 

    Another Committee Expert asked if Jamaica expected more deportations from the United States? What were the reasons for these deportations?  What tools did the State have to counter these problems?  There was a large community of Jamaicans in the United States; was this community disturbed by the behaviour of the host Government? 

    One Expert congratulated Jamaica on ratifying eight out of the 10 basic International Labour Organization Conventions.  However, there were two which had not been ratified, including the Convention on Labour Inspection.  Did the State have a labour inspection body?  Did this body have effective resources to carry out its tasks?  Did the country intend to ratify both Conventions? What measures had the State party taken to avoid and combat discrimination against migrants? 

    A Committee Expert said it was necessary to submit a written report prior to the dialogue, to ensure it could be constructive.  The non-submission of a report prevailed over the presence of the State for a constructive dialogue.  Without the report, the Committee had limited information.  The non-submission of the report was a violation of an obligation, and also violated the rights of all citizens to know whether the State was standing by its international obligations.  Had something been done to ensure irregular immigration was not criminalised?  Was there a law regulating the protection of asylum seekers and refugees?  What had Jamaica done to eradicate statelessness in the State party? 

    Another Committee Expert asked what type of services were provided by consular services to Jamaican migrants abroad?  Did they extend to the elections in Jamaica?  Did the consular offices provide migrant workers from Jamaica with the opportunity to participate in the elections? 

    An Expert commended the Jamaican delegation for being present in Geneva to submit the report.  Jamaica’s Minister should be congratulated for supporting the Committee’s values and principles on migration as a driver for sustainable and economic development.  Could information be provided on legal aid for unaccompanied or separated children of migrant workers who had run into trouble with the law?  Were there procedures to promote the social reinsertion of these children? 

    What healthcare protection did children of migrant workers have?  Were there specific data indicators on the children of migrant workers? Jamaica had deployed a campaign with the International Labour Organization which showed the State’s willingness to eliminate child labour and exploitation.  Was there disaggregated statistical data on the economic exploitation of migrants or separated children? 

    A Committee Expert said not having a report was a violation of the Convention and a missed opportunity.  Was the Convention and its provisions relied upon in the courts of Jamaica?  Did the case law of the courts refer to the Convention or to the rights of migrant workers in general?  What impact did this have on the legal order?  What safeguards were available to migrant workers?  What practical measures existed to ensure bilateral obligations were complied with? 

    What was the situation in practice when it came to implementing the bilateral agreements? What was the scope of the social protection mechanisms available to migrant workers?  What kind of challenges existed?  What category of migrant workers were affected by these challenges? What strategies existed for vulnerable migrant workers to access social protection?  What efforts were being deployed to protect seasonal, agricultural and domestic workers? 

    Responses by the Delegation 

    The delegation said Jamaica was a dualist State and as such did not have automatic incorporation of the Convention into law.  However, Jamaica had several acts which covered the provisions of the Convention. Jamaica emphasised through public information campaigns, the Conventions which it had ratified.  Jamaica had ratified Convention 189 on domestic workers and was currently working on amending the employment, termination and redundancy act and the minimum wage act, to ensure the provisions of the Convention were properly covered.  The minimum wage act meant no employer could go below the minimum wage stipulated. There were labour inspectors employed across the entire island to ensure the minimum wage and other provisions were being adhered to. 

    Jamaica regretted that the report was not completed on time and would endeavour to ensure this was not a repeated occurrence.  The creation of a national human rights institution was under review and the State was committed to pursuing the creation of this mechanism. 

    Jamaica had a regulated framework in place for money transfers and remittances.  The Bank of Jamaica regulated these providers.  Only entities licensed by the Bank of Jamaica were authorised to receive and send remittances.  These providers were strategically located at approved service points. 

    At this point, Jamaica was not considering the decriminalisation of irregular migrants. However, everyone who entered Jamaica was afforded protection.  The labour inspectorate in Jamaica currently inspected various workplaces to ensure compliance.  Jamaica was currently in the process of reviewing its labour officers (powers) act, with the intention to amend that act and put forward a recommendation for the approval to ratify part two of Convention 181.  Jamaica was actively in the process of completing a gap analysis with the International Labour Organization with the view to ratifying Convention 190.

    The 2019 diaspora policy had been updated in 2022.  The State now had a paternity leave policy, created in 2023.  Jamaica faced challenges with data collection.  A recruitment drive had been undertaken to appoint more judges to clear the backlog of cases, particularly when it came to migrant workers. 

    Jamaica had tabled its migration and development policy in 2017, which had been informed by civil society organizations.  These groups played an active role in the reintegration of involuntarily returned migrants, working with Government agencies to meet with the migrants who were arriving, collecting data from the migrants, and providing them with basic social services.  Civil society played a key role in settling involuntary returnees and integrating them back into the Jamaican society. 

    There had been public outreach regarding the Windrush situation, and the State had responded appropriately to those who came forward as a result.  There was a dedicated department to provide consular services for Jamaicans abroad.  Through a network of over 20 embassies, high commissions and consular generals, Jamaica made every effort to ensure that those detained overseas were supported.  The consular offices notified families of the persons detained or under arrest, obtained information about the status of the cases, provided families with a list of local lawyers if available, and facilitated the transfer of funds to a detained person, among other services. Jamaica had undertaken efforts to expand the network of counsels, particularly in areas where many Jamaicans visited. 

    There was no collective expulsion of migrant workers from any nationality and no use of arbitrary detention of migrant workers and their families in Jamaica.  All detentions of migrants of any category were pursuant to the judicial or administrative processes outlined in Jamaican law.  Any deprivation of liberty must be carried out in line with due process and was subject to judicial oversight. 

    Jamaica had bilateral working arrangements in place with Canada and the United States, although the agreement with the United States was not a written agreement and was more of an understanding.  Many Jamaicans had travelled to the United Kingdom after World War II to work, but there was no current bilateral agreement in place with the United Kingdom. 

    A seasonal agricultural workers programme was in place with Canada, which had been created in 1966 and re-signed in 1995.  A memorandum of understanding had been established to enabled Jamaicans to travel to Canada and work.  Each worker was required to sign an employment contract which entitled them to lodgements, meals, and payment of wages.  The contracts of employment were available online.  Jamaica had appointed liaison officers in Canada, across four offices, where the largest concentrations of workers were located. Each worker, upon departing from Jamaica, was assigned a liaison officer.  They were available to assist workers on a 24-hour basis, and conducted predominantly unannounced visits to the farms to monitor working situations. 

    Questions by Committee Experts

    JASMINKA DZUMHUR, Committee Expert and Country Co-Rapporteur, asked about migrants approaching Jamaica from Cuba by boat; how were they treated when they did not have documents?  How did the State return them?  What happened to those who were found undocumented in Jamaica?  Where were they sent?  Who provided legal aid to migrants?  Were there any strategic plans for communicating with the diaspora?  How were those who returned to Jamaica reintegrated back into society? 

    PRASAD KARIYAWASAM, Committee Expert and Country Co-Rapporteur, asked if there were special banks established to facilitate the return of voluntary and non-voluntary migrants?  Was there an institutional set up which handled the concerns of irregular migrants? Where could irregular migrants seek redress?  How was birth registration handled in regard to irregular migrants?   

    A Committee Expert asked about the outcomes of the programme launched with the United Nations Development Programme on migration and development 10 years ago? 

    FATIMATA DIALLO, Committee Chair, said it would be appreciated if the State could send the report before the conclusion of the dialogue. 

    At the beginning of the second day of the dialogue, Ms. Diallo thanked the delegation of Jamaica for submitting the combined initial and second periodic report. 

    Responses by the Delegation 

    The delegation said Jamaica noted the concern raised by the Committee relating to the lack of local legislation for asylum seekers.  However, Jamaica maintained its treaty obligations under the national refugee policy.  Migrants were screened by health officials and received treatment if necessary, and were provided with food and water, as well as a translator if needed.  Jamaica had demonstrated compliance with its policy, as evidenced by 70 per cent of those who had applied for asylum and had had their applications heard.

    Jamaica took note of the Committee’s concerns regarding the treatment of Haitian asylum seekers; however, Jamaica maintained a strong rights-based approach towards discrimination, and this was applied to nationals from all countries.  A group of 37 Haitian nationals who had arrived in July 2023 were given immediate refugee status and were currently in Jamaica under Government care while their applications were being processed. 

    All children born in Jamaica were entitled to birth registration under Jamaican law.  All migrant children who were arrested were given due process, including legal representation and access to medical care. All children were treated equally in Jamaica; there was no mention of race in any acts pertaining to children. The child diversion committee and act incorporated safeguards to protect children and prevented the commencement of criminal proceedings against children while they were enrolled in the programme. 

    Jamaica had put measures in place to facilitate the free movement and entry of skilled nationals from the Caribbean Community into its territory.  The Government of Jamaica conducted routine inspections to ensure fair labour standards for all workers, including migrants.  Jamaican law guaranteed equal treatment for all, and migrant workers were to be treated no differently than Jamaican nationals.

    Jamaican law treated irregular migrants as being in breach of detention law, and when they were detained, their rights were enshrined within the Jamaican Constitution. Irregular migrants were held at local police stations, usually close to their place of entry.  Migrants would be interviewed to determine if they could speak English and if necessary, an interpreter would be provided.  If possible, the consular representative would be contacted. If a person requested to apply for refugee status, they could not be removed from Jamaica until this application was considered, regardless of their nationality or means of entering the country. The State did not seek to criminalise those in irregular migration.  There was no cross-contamination of migrants with convicted men and women, even if they were housed in correctional facilities.  An independent body was tasked with investigating any accusations of unlawful actions by law enforcement. 

    The Jamaican Government was aware that although progress had been made over the year to improve the facilities, more needed to be done.  The facility at Camp Cape Clare was used to house foreign nationals, and had been repeatedly utilised by the United Kingdom’s Peace Corps.  Two large rooms had been refurbished, and it was ensured that proper care was provided to the migrants residing there, in line with international standards.  Food items were delivered every week and distributed daily by the manager, with food cooked each day.  A private security was contracted to work on the centre, to ensure the migrants living there were safe. 

    Workers who participated in the seasonal workers programme were covered by a range of benefits, including maternity allowance, a retirement pension, an invalidity benefit, and a spousal allowance.  Jamaica had signed social security arrangements with several countries, including the United Kingdom, Canada, Quebec and the 12 Caribbean Community States. 

    It was ensured that schools were equipped to provide education to children from all backgrounds, including migrant children.  International migration was mobilised to support Jamaica’s national development. It should be facilitated and managed to benefit the families.  The national policy aimed to ensure that migration was a matter of choice, and to strengthen legislation around migration.

    The State faced challenges in the delivery of consular services, due to a lack of resources on the ground and limited data to track Jamaican nationals overseas.  In 2024, Jamaica launched the diaspora register act which enabled every Jamaican working overseas to register via their smartphones. 

    The aliens act did not automatically confer a suspensive action on appeal.  Legal assistance was available to those who could not pay for legal representation themselves, through the Legal Aid Council. Jamaica did not pursue repatriation arbitrarily, nor was it a punitive measure, but rather an administrative procedure governed under the rule of law and in line with international human rights standards.  The Passport, Immigration and Citizenship Agency was the lead agency responsible for coordinating these procedures.  Where it was possible, the Government encouraged and facilitated voluntary returns, including by offering predeparture counselling and reintegration assistance. 

    Jamaica’s trafficking in persons act was amended in 2021 to remove the option of fines for sentencing.  The State was party to the Palermo Protocol and was now considering bilateral cooperation avenues.  Hotlines were available to provide services to potential victims, and a unit had been created within the Office of the Children’s Advocate which provided a 24/7 phone line.  Many ministries, including the Ministry of Tourism, had received training on how to recognise cases of human trafficking.  More than 60 doctors across Jamaica had also been trained in this regard. The Jamaican legislation was premised on non-discrimination.   

    Questions by Committee Experts

    JASMINKA DZUMHUR, Committee Expert and Country Co-Rapporteur, thanked the delegation for the huge efforts made to prepare responses to the Committee’s questions. What was the status of the national human rights institution?  Had the State asked the International Organization for Migration, the United Nations High Commissioner for Refugees, and the United Nations Children’s Fund to provide technical assistance in the process of reporting?  It was good that the forum for the diaspora had been established; what could returning Jamaicans expect when they returned to the country? 

    ERMAL FRASHERI, Committee Expert and Country Co-Rapporteur, appreciated the submission of the combined initial and second report.  What types of inconsistencies did Jamaica find when it reviewed State legislation against the Convention?  Jamaica should be congratulated on the State’s various training programmes for officials.  Were there specific training programmes on the Convention?  Who provided these trainings? 

    PRASAD KARIYAWASAM, Committee Expert and Country Co-Rapporteur, congratulated Jamaica on the submission of the report and for the State’s professional responses. It was recognised that Jamaica had an interministerial committee on human rights and a national working group on national migration and development.  These were good institutions in which the State could provide and implement best practices.  When employment agencies were monitored, was there a cap on what they could charge?  How was this monitored?  Did the Committee which monitored the human rights treaty bodies have the power to provide recommendations to the Government?  Launching the app for the diaspora was a commendable act; how did this work?  Was there a mechanism to monitor and respond to the app?

    A Committee Expert said Jamaica had set up a law on the protection of children in 2004 and had several protection programmes, including one which assessed the living conditions of children and recommended the type of assistance to be provided to those children.  How were those programmes prepared and follow-up guaranteed?  Did the law on the protection of children take into account migrant, unaccompanied and separated children? 

    As part of its prerogatives, the Ombudsman’s office for children was obliged to submit a report to parliament which was an excellent initiative; it reflected the State’s commitment and political will to the protection of children.  Was this report in line with the treaty body provisions, regarding the children of migrant workers.  The age of 16 was the cut off age for sexual consent; what was the harmonisation of the law with human trafficking and sexual exploitation? Could more information be provided about the definition of illegal minors? 

    An Expert asked what the real accurate figures on the diaspora were? 

    A Committee Expert said Jamaica was one of the few countries that had ratified International Labour Organization Convention 189, and the Committee thanked them for this. What type of training was provided to the various labour inspectorates?  What training or capacity building was provided to the administration which dealt with labour, force and work?  What was the role of the labour inspectorate? 

    Responses by the Delegation 

    The delegation said Jamaica was committed to pursue the development of a national human rights institution for the promotion and protection of human rights.  Over 331 police officers had been trained on human trafficking topics, including victim care and identification, and the psychological impact of human trafficking, among other topics.  In 2023, there were three convictions of persons involved in human trafficking, and two in 2024.

    Employment agencies for persons heading overseas could only charge a maximum of 4,000 Jamaican dollars for assistance, and any more could see them brought before the courts. The International Organization for Migration had spent time with Jamaican private employment agencies to provide training regarding integrity in recruitment.  Workers were sensitised on how to treat migrant related issues. 

    The interministerial committee on human rights was comprised of 19 ministries and agencies from the Jamaican Government.  The members of the Committee served as the core contacts for human rights issues in their respective ministries and agencies.  This involved sensitising and sharing information on human rights, working on developing a human rights strategy, and preparing Jamaica’s national report to the Human Rights Council and human rights treaty bodies, among others. 

    It was recognised that returning migrants could contribute to the country’s development. Jamaica had implemented several initiatives to facilitate the return and reintegration of voluntary and involuntary returnees.  Data was collected on the returnees, which allowed for the evaluation of the cohorts regarding the types of services provide to them.  Services provided included training and reskilling, career guidance workshops, skill development programmes, and job opportunities. 

    Efforts were currently underway to amend the minimum wage act to ensure domestic workers were provided with the protections outlined in the Convention.  This remained a priority for the Government.  Efforts had recently been made 

    to increase the number of labour officers to serve the general public. 

    The cabinet was required to review any amendments to laws prior to them being amended. Jamaica understood that much of the language in current legislation did not align with international obligations, and was currently reviewing acts, including the aliens act in this regard. 

    Closing Remarks

    JASMINKA DZUMHUR, Committee Expert and Country Co-Rapporteur, said the delegation had made an extraordinary effort to answer all questions and provide as much information as possible.  It was hoped that the next periodic report would come on time.  The biggest challenge was the size of the State and the many international obligations, but Jamaica was encouraged to establish strong mechanisms.  Ms. Dzumhur extended best wishes to all the migrants on the territory of Jamaica.   

    ERMAL FRASHERI, Committee Expert and Co-Rapporteur, congratulated Jamaica on the dialogue. It was recommended that Jamaica take all steps to ensure that the Convention was implemented and enforced within the country’s legal system.  The State should make use of the Committee as it was ready to provide assistance in understanding the Convention and building capacities on the ground.  The Committee stood ready to continue its collaboration with Jamaica. 

    MAMANE OUMARIA, Committee Expert and Country Co-Rapporteur, commended the Jamaican delegation for its hard work, considering that the report was not submitted within the deadline.  It was hoped next time the document could be provided beforehand, as it was important for the interactive dialogue.  It was important that Jamaica established the national human rights institution in the country.

    PRASAD KARIYAWASAM, Committee Expert and Country Co-Rapporteur, thanked Jamaica for the professional and constructive dialogue.  It was a challenging time for migrants’ rights and this interaction was very important.  Jamaica had a vibrant history and had a special role to play in setting standards in the region and the world.  The Committee’s concluding observations would reflect the push for improvement. 

    FATIMATA DIALLO, Committee Chair, said the dialogue had been fruitful and commended Jamaica for the efforts undertaken.  The Committee always sought for improvement, which would include receiving the report on time.  This would allow the best possible concluding observations to be provided.

    TYESHA TURNER, Chargé d’Affaires of the Permanent Mission of Jamaica to the United Nations Office at Geneva and head of the delegation, thanked the Committee for the constructive dialogue and all those who had made the dialogue possible. Jamaica welcomed the opportunity to rise to the challenges with the Committee.  The State apologised for the delay in submitting the report and recognised the importance of complying with its obligations.  Jamaica would continue to work to ensure that all migrant workers and members of their families enjoyed the full protection of their rights. Ms. Turner thanked the Jamaican team who had travelled to Geneva and those who had followed the dialogue from Jamaica. 

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CMW25.004E

    MIL OSI United Nations News

  • MIL-OSI Global: Canadian retailers are seeing a surge in domestic sales amid the ‘Buy Canadian’ movement

    Source: The Conversation – Canada – By Melise Panetta, Lecturer of Marketing in the Lazaridis School of Business and Economics, Wilfrid Laurier University

    In recent months, the “Buy Canadian” movement has gained significant momentum, driven by a collective push to support domestic products and services, strengthen local businesses and reduce reliance on foreign imports.

    Escalating trade tensions and tariff disputes with the United States and threats from U.S. President Donald Trump to annex Canada have played a pivotal role in fuelling this shift toward economic nationalism.

    Though still in its early stages, the movement has already gained strong support from Canadians, with both consumers and businesses prioritizing homegrown products to strengthen the local economy.

    Early results are promising

    The “Buy Canadian” movement is already delivering promising results across the retail sector. Major retailers such as Loblaws Companies have reported a 10 per cent increase in sales of Canadian-made products. Sobey’s parent company Empire also noted a decline in sales of U.S.-sourced goods.

    Importantly, the shift isn’t limited to big retailers or headline product categories. Smaller retailers and established brands are also seeing tangible benefits.

    Ice cream producer Chapman’s, long known for its strong Canadian brand identity, has seen a 10 per cent increase in sales. E-commerce platform giant Shopify has reported a spike in sales for Canadian merchants across a long list of categories including mattresses, row boats, ribbons, armchairs and more.

    Some provinces have pulled U.S. alcohol from store shelves to prioritize selling homegrown options, putting Canadian wineries, breweries and distillers in a position to grow substantially.

    Though more data will emerge in the months ahead, early indications show that Canadians are backing the “Buy Canadian” movement not just in spirit, but with their wallets.

    Helping Canadians choose Canadian

    One of the most noticeable effects of the “Buy Canadian” campaign has been a nationwide effort to make it easier for consumers to identify Canadian-made products.

    Demand for clear labelling has surged, prompting the Canadian Food Inspection Agency to issue a notice to industry urging producers to improve transparency.

    Consumers are becoming increasingly proactive in educating themselves, with searches for “Buy Canadian” related terms skyrocketing in the past few months. Websites such as Madeinca.ca have seen a large uptick in traffic, peaking at 100,000 visits in a single day.

    Retailers have been offering more in-store and online signage highlighting Canadian products. Loblaws has introduced a “Swap & Shop” tool in its Optimum app that helps users find Canadian-made alternatives for items on their shopping list. It has seen a 75 per cent week-over-week growth.

    Home improvement retailer RONA has launched the “Well Made Here” campaign that provides staff training and partners with non-profits to educate consumers about Canadian-made alternatives.

    Celebrity endorsements have also amplified the movement. Actor and comedian Mike Myers showcased the colloquial expression “elbows up” on Saturday Night Live, while Michael Bublé used his platform at the Juno Awards to deliver the message that “Canada is not for sale.”

    #TheMoment ‘Elbows Up’ became a rally cry against Trump (CBC News).

    Pushing the movement forward

    Consumers have been turning to social media to further propel the Buy Canadian movement. Hashtags like #ShopLocalCanada and #MadeInCanada have gained significant traction, with nearly three million posts across major social media channels Facebook and Instagram.

    A newly launched web browser plug-in called Support Canadian is also gaining attention. It works by bringing Canadian products to the top of search results on retailers such as Amazon. In its first week, it attracted 500 users. Although these numbers may appear small, early analytics suggest it could keep over a million dollars inside the Canadian economy.

    Mobile apps designed to help consumers determine the origin of their purchases are gaining popularity. The BuyBeaver app, which crowd-sources product origins, reached 100,000 downloads in just five weeks.

    Meanwhile, OScanAda, which uses AI and barcode scanning to provide detailed insights into Canadian ownership and sourcing, has been downloaded 160,000 times. MapleScan, which currently is ranked second in the shopping category on the Apple App Store, uses AI to scan products and suggest Canadian alternatives.

    Brands are leveraging their Canadian roots

    In response to growing national sentiment, a number of Canadian brands are using marketing strategies to underscore their national identity for consumers.

    Kicking Horse Coffee, for example, has humorously rebranded the Americano as the “Canadiano” in a nod to Canadian pride. Black Diamond recently launched a campaign with the cheeky tagline “Made with 0% American Cheese.”

    Meanwhile, Moosehead Brewery has launched a limited-edition “Presidential Pack” containing 1,961 beers — one for each day of the U.S. presidential term.

    Other companies have modified existing campaigns to better align with the movement. Sobeys recently debuted a new “So Canadian” campaign, a new iteration of its long-running “So.be.it.” campaign.

    Healthy Planet has expanded its #Healthyplanetswap campaign to include #HealthyCanadianSwap, which focuses on providing domestically sourced options.

    Whether through packaging that clearly marks country of origin or marketing campaigns that play on national pride, Canadian brands are leveraging their national identity to resonate with consumers.

    A smart choice in uncertain times

    The early momentum behind the Buy Canadian movement is promising. While Canada was largely spared from Trump’s most recent tariffs under the Canada-United States-Mexico Agreement, the unpredictability of U.S. trade policy and broader global tensions make it more important than ever to build long-term economic resilience at home.

    The early days of the movement show a strong desire among Canadians to support local industries, protect jobs and reinforce national self-sufficiency. Even as higher costs and global disruptions remain real challenges, buying Canadian serves as both a practical and symbolic choice, one that reduces dependency on volatile foreign markets and strengthens the domestic economy.

    This is a pivotal moment. The foundations of the movement are in place, and its early success is encouraging. For the “Buy Canadian” effort to have lasting impact, it needs sustained commitment from consumers, businesses and policymakers alike.

    By continuing to prioritize homegrown goods and services, Canadians can help shield their economy from future shocks and chart a more independent, stable path forward.

    Melise Panetta 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. Canadian retailers are seeing a surge in domestic sales amid the ‘Buy Canadian’ movement – https://theconversation.com/canadian-retailers-are-seeing-a-surge-in-domestic-sales-amid-the-buy-canadian-movement-253502

    MIL OSI – Global Reports

  • MIL-OSI USA: NASA Measures Moonlight to Improve Earth Observations

    Source: NASA

    Flying high above the clouds and moon-gazing may sound like a scene from a timeless romance, but NASA did just that in the name of Earth science research. In March 2025 pilots took the agency’s ER-2 science aircraft on a series of night flights over NASA’s Armstrong Flight Research Center in Edwards, California, as the Moon increased in visible size. For those few nights, the high-flying plane was converted into a one-of-a-kind airborne lunar observatory.
    The Airborne Lunar Spectral Irradiance, or air-LUSI, mission observed the Moon at different phases and measured the sunlight reflected by the lunar surface. Specifically, the instrument tracks the amount of light reflected at different wavelengths. This information enables scientists to use the Moon as a calibration tool for Earth-observing sensors.
    As an “absolute reference, the Moon also becomes the perfect benchmark for satellites to consistently and accurately measure processes on Earth,” said Kevin Turpie, air-LUSI’s principal investigator and a researcher based at NASA’s Goddard Space Flight Center in Greenbelt, Maryland. This helps scientists to improve the precision of many different measurements, including data on weather patterns, vegetation growth, and ocean conditions.
    As the highest-flying platform for airborne science, the ER-2 can fly the air-LUSI instrument in the stratosphere, above 95% of the atmosphere. Data collected at an altitude nearing 70,000 feet are highly accurate because the air is predominantly clear of the gases and particles found in the lower atmosphere that can interfere with measurements.

    “To date, air-LUSI measurements of the Moon are the most accurate ever made,” said Kelsey Bisson, the NASA program scientist supporting the mission. “Air-LUSI data can advance our ability to understand the Earth and our weather, and they provide a new way to calibrate satellites that can result in cost savings.”
    The quality of these data has transformative implications for satellite and Earth observing systems. The improved accuracy and enhanced ability provided by air-LUSI data flown on the ER-2 reduces the need for onboard reference devices, effectually cutting satellite costs.
    The air-LUSI project is a collaboration between scientists and engineers from NASA, the National Institute of Standards and Technology, the U.S. Geological Survey, the University of Maryland Baltimore County, and McMaster University in Ontario.

    “The collective effort of the American and Canadian team members offers an opportunity for truly exciting engineering and science collaboration,” said Andrew Gadsden, associate professor and associate chair for graduate studies in mechanical engineering at McMaster University, and co-investigator on the air-LUSI project. The McMaster team developed the Autonomous Robotic Telescope Mount Instrument System and High-Altitude Aircraft Mounted Robotic (HAAMR) telescope mount, which support the air-LUSI system.

    The HAAMR telescope mount was integrated onto the ER-2 and flown for the first time during the science flights in March. This new lunar tracking system is contributing to what John Woodward IV, co-investigator for air-LUSI, called the “highest accuracy measurements” of moonlight. To improve Earth observation technology, air-LUSI represents an important evolutionary step.

    MIL OSI USA News

  • MIL-OSI USA: NASA Webb’s Autopsy of Planet Swallowed by Star Yields Surprise

    Source: NASA

    Observations from NASA’s James Webb Space Telescope have provided a surprising twist in the narrative surrounding what is believed to be the first star observed in the act of swallowing a planet. The new findings suggest that the star actually did not swell to envelop a planet as previously hypothesized. Instead, Webb’s observations show the planet’s orbit shrank over time, slowly bringing the planet closer to its demise until it was engulfed in full.
    “Because this is such a novel event, we didn’t quite know what to expect when we decided to point this telescope in its direction,” said Ryan Lau, lead author of the new paper and astronomer at NSF NOIRLab (National Science Foundation National Optical-Infrared Astronomy Research Laboratory) in Tuscon, Arizona. “With its high-resolution look in the infrared, we are learning valuable insights about the final fates of planetary systems, possibly including our own.”
    Two instruments aboard Webb conducted the post-mortem of the scene – Webb’s MIRI (Mid-Infrared Instrument) and NIRSpec (Near-Infrared Spectrograph). The researchers were able to come to their conclusion using a two-pronged investigative approach.

    The star at the center of this scene is located in the Milky Way galaxy about 12,000 light-years away from Earth.
    The brightening event, formally called ZTF SLRN-2020, was originally spotted as a flash of optical light using the Zwicky Transient Facility at the Palomar Observatory in San Diego, California. Data from NASA’s NEOWISE (Near-Earth Object Wide-field Infrared Survey Explorer) showed the star actually brightened in the infrared a year before the optical light flash, hinting at the presence of dust. This initial 2023 investigation led researchers to believe that the star was more Sun-like, and had been in the process of aging into a red giant over hundreds of thousands of years, slowly expanding as it exhausted its hydrogen fuel.
    However, Webb’s MIRI told a different story. With powerful sensitivity and spatial resolution, Webb was able to precisely measure the hidden emission from the star and its immediate surroundings, which lie in a very crowded region of space. The researchers found the star was not as bright as it should have been if it had evolved into a red giant, indicating there was no swelling to engulf the planet as once thought.

    Researchers suggest that, at one point, the planet was about Jupiter-sized, but orbited quite close to the star, even closer than Mercury’s orbit around our Sun. Over millions of years, the planet orbited closer and closer to the star, leading to the catastrophic consequence.
    “The planet eventually started to graze the star’s atmosphere. Then it was a runaway process of falling in faster from that moment,” said team member Morgan MacLeod of the Harvard-Smithsonian Center for Astrophysics and the Massachusetts Institute of Technology in Cambridge, Massachusetts. “The planet, as it’s falling in, started to sort of smear around the star.”
    In its final splashdown, the planet would have blasted gas away from the outer layers of the star. As it expanded and cooled off, the heavy elements in this gas condensed into cold dust over the next year.

    While the researchers did expect an expanding cloud of cooler dust around the star, a look with the powerful NIRSpec revealed a hot circumstellar disk of molecular gas closer in. Furthermore, Webb’s high spectral resolution was able to detect certain molecules in this accretion disk, including carbon monoxide.
    “With such a transformative telescope like Webb, it was hard for me to have any expectations of what we’d find in the immediate surroundings of the star,” said Colette Salyk of Vassar College in Poughkeepsie, New York, an exoplanet researcher and co-author on the new paper. “I will say, I could not have expected seeing what has the characteristics of a planet-forming region, even though planets are not forming here, in the aftermath of an engulfment.”
    The ability to characterize this gas opens more questions for researchers about what actually happened once the planet was fully swallowed by the star.
    “This is truly the precipice of studying these events. This is the only one we’ve observed in action, and this is the best detection of the aftermath after things have settled back down,” Lau said. “We hope this is just the start of our sample.”
    These observations, taken under Guaranteed Time Observation program 1240, which was specifically designed to investigate a family of mysterious, sudden, infrared brightening events, were among the first Target of Opportunity programs performed by Webb. These types of study are reserved for events, like supernova explosions, that are expected to occur, but researchers don’t exactly know when or where. NASA’s space telescopes are part of a growing, international network that stands ready to witness these fleeting changes, to help us understand how the universe works.
    Researchers expect to add to their sample and identify future events like this using the upcoming Vera C. Rubin Observatory and NASA’s Nancy Grace Roman Space Telescope, which will survey large areas of the sky repeatedly to look for changes over time.
    The team’s findings appear today in The Astrophysical Journal.
    The James Webb Space Telescope is the world’s premier space science observatory. Webb is solving mysteries in our solar system, looking beyond to distant worlds around other stars, and probing the mysterious structures and origins of our universe and our place in it. Webb is an international program led by NASA with its partners, ESA (European Space Agency) and CSA (Canadian Space Agency).
    To learn more about Webb, visit: https://science.nasa.gov/webb
    Downloads
    Click any image to open a larger version.
    View/Download all image products at all resolutions for this article from the Space Telescope Science Institute.
    View/Download the science paper from the The Astrophysical Journal.

    Laura Betz – laura.e.betz@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.
    Hannah Braun – hbraun@stsci.eduSpace Telescope Science Institute, Baltimore, Md.

    Read more about Webb’s impact on exoplanet research
    Video: How to Study Exoplanets
    Learn more about exoplanets
    More Webb News
    More Webb Images
    Webb Science Themes
    Webb Mission Page

    What is the Webb Telescope?
    SpacePlace for Kids
    En Español
    Ciencia de la NASA
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    Space Place para niños

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected 3,4-methylenedioxymethamphetamine worth about $4 million at airport (with photo)

    Source: Hong Kong Government special administrative region

    ​Hong Kong Customs today (April 10) detected a drug trafficking case involving baggage concealment at Hong Kong International Airport and seized about 20 kilograms of suspected 3,4-methylenedioxymethamphetamine with an estimated market value of about $4 million.

    A 31-year-old female passenger arrived in Hong Kong from Vancouver, Canada, today. During customs clearance, Customs officers found the batch of suspected 3,4-methylenedioxymethamphetamine inside her check-in suitcase. The woman was subsequently arrested.

    The investigation is ongoing. 
     
    Customs will continue to step up enforcement against drug trafficking activities through intelligence analysis. The department also reminds members of the public to stay alert and not participate in drug trafficking activities for monetary return. They must not accept hiring or delegation from another party to carry controlled items into and out of Hong Kong. They are also reminded not to carry unknown items for other people.

    Customs will continue to apply a risk assessment approach and focus on selecting passengers from high-risk regions for clearance to combat transnational drug trafficking activities.

    Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

    Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Written question – Prospects of EU membership or association status for Canada – E-001336/2025

    Source: European Parliament

    Question for written answer  E-001336/2025
    to the Commission
    Rule 144
    Joachim Streit (Renew)

    Recent international developments clearly show that the EU needs new reliable allies. At the same time, Canada is increasingly becoming the target of the new Trump administration’s attacks on the sovereignty of other states. It seems judicious to consider Canada as a potential candidate for full EU membership or associated membership through the European Economic Area. Moreover, recent surveys show that a large number of Canadians (44-46 %) want to consider joining the Union. A European Union strengthened in this manner would expand its single market, create sales opportunities, facilitate the exchange of goods and services, and be better able to withstand threats of tariffs and global security risks.

    From a cultural and political point of view, Canada can indeed be considered European. It shares the EU’s historical, linguistic and cultural background, performs well on key development indicators and would be able to meet the EU’s Copenhagen criteria.

    • 1.Does the Commission believe that Article 49 TEU, as it stands, can be interpreted in such a way as to allow Canadian membership?
    • 2.Alternatively, if Canada were to apply for membership, would the Commission propose a legal revision of the treaties to make this possible?
    • 3.Does the Commission plan to assess the benefits and possible consequences of Canada’s accession in terms of the EU’s economic competitiveness, standing, and defence and foreign policy positions?

    Submitted: 1.4.2025

    Last updated: 10 April 2025

    MIL OSI Europe News

  • MIL-OSI United Nations: Declining Fertility, Rising Child Mortality, Surge in International Migration, Urbanization Significantly Shaping Global Population Trends, Commission Hears

    Source: United Nations General Assembly and Security Council

    Declining fertility rates, persistently high child mortality rates, international migration, and a surge in urbanization over the past several decades have significantly shaped global population trends — and will continue to do so, the Commission on Population and Development heard today.

    The Commission, currently holding its week-long session at UN Headquarters in New York through 11 April under the theme “Ensuring healthy lives and promoting the well-being for all at all ages”, convened a panel of national experts this morning to discuss the “Programme implementation and future programme of work of the Secretariat in the field of population”.

    Some speakers voiced concerns about the growing ageing population in their region, driven by below-replacement fertility rates and the outmigration of young people.  In contrast, the speaker from Kenya noted the continent’s rapidly expanding youth population.  Panellists noted that both demographic trends pose significant challenges — and opportunities — for labour markets, education systems, caregiving and healthcare sectors.  The speaker from Albania highlighted her Government’s policy dubbed as a “baby bonus” aimed at boosting fertility rates.  

    John Wilmoth, Director of the Population Division at the Department of Economic and Social Affairs, moderated the panel discussion and highlighted findings from a recent Division report.  According to the report, the global fertility rate in 2024 stands at 2.1 births per woman over a lifetime — a significant decline from approximately 5 in the 1960s and 3.3 in 1990. 

    “Although the historic reduction in fertility is being experienced worldwide, its timing differs substantially across countries and regions,” he noted.  Wilmoth also referenced another report produced by the Division on international migration and sustainable development, which explores the linkages between migration and the social, economic and environmental dimensions of sustainable development.  Among other key initiatives, he highlighted the Division’s work developing a set of indicators to monitor progress on implementing the Global Compact for Safe, Orderly and Regular Migration. 

    Africa’s Mainly Young Population ‘Eager for Change and Prosperity’

    Mohamed Abdikadir Sheikh, Director General of the National Council for Population and Development of Kenya, shared his national perspective, emphasizing Africa’s predominantly youthful population, which he described as “eager for change and prosperity”.  While life expectancy has increased somewhat, it still lags behind the global average of 73 years — “in Africa it is around 64 years,” he noted. 

    He highlighted the continent’s rapid urbanization with significant migration from rural to urban communities.  Africa’s population currently stands at an estimated 1.4 billion — about 18.8 per cent of the global total — and is growing rapidly. Projections suggest it could reach 2.4 billion by 2050 and as many as 4.2 billion within the next century. 

    Focusing on Kenya, Mr. Sheikh reported that the country’s population has risen from 47.6 million in 2019 to an estimated 53 million today and is expected to reach 70 million by 2045.  Kenya, like many other African countries, has seen a significant decline in fertility rates — from a high of 5.4 in 1993 to 3.4 in 2022.  However, major regional disparities remain, with some counties reporting fertility rates as high as 8.3, he noted. 

    Young people under the age of 35 make up more than 75 per cent of Kenya’s population, a demographic trend that presents both opportunities and challenges, particularly in the areas of employment, education and healthcare.  While average life expectancy across Africa is around 64.4 years, he emphasized that “the quality of life is really not that excellent”.  “You may live up to 70 or 80 years, but you [will] have communicable disease like hypertension and diabetes,” he added. 

    He also pointed to persistent issues of high maternal and child mortality across Kenya and the broader continent, as Governments work to meet the targets of the Sustainable Development Goals.  Rapid urbanization remains a pressing challenge, he said, noting that Kenya’s urban population grew from 3.9 million in 1989 to 14.8 million in 2019. 

    Caribbean Region Undergoing Demographic Slowdown as Fertility Rates Drop

    Mareeca Brown Bailey, Director of the Population and Health, Social Policy, Planning and Research Division, Planning Institute of Jamaica, reported that the Caribbean region is undergoing a demographic slowdown.  While Africa is witnessing growth in its child and youth population, “our child population is declining” and the dependent elderly group is increasing, she said.  This demographic shift — seen in Jamaica and across the wider Caribbean — is influenced by net migration loss, an ageing population and persistently low fertility rates. 

    Fertility rates are lowest in the English-speaking Caribbean, and in Jamaica they have fallen below replacement level.  By 2050, the elderly population is expected to surpass the child population — this means there will be a demand for elderly healthcare services, but “we cannot leave our younger persons without the…  requisite services they need,” she said.  

    This is why “a life-cycle approach” is needed, she said.  Jamaica has also seen high rates of migration, particularly among younger women and productive persons, to countries such as the United States, Canada and the United Kingdom, as well as within the region.  “The immigration of a significant percentage of highly trained and skilled professionals can lead to brain drain,” she added, noting that the migration of trained nurses particularly impacts healthcare. 

    The Caribbean in general, and Jamaica in particular, rely on data from the United Nations’ Population Division to create projections and policies.  It is useful to check Jamaica’s internal data against the UN’s interactive, holistic and comprehensive data, she said, adding:  “It helps us to make comparisons to understand where we would have gone wrong.”  In particular, the UN data on migration has helped her country to create a comprehensive migration policy, she said, adding that it is crucial for Jamaica to understand “how to maximize the skills that our diaspora has”. 

    ‘Baby Bonus’ to Encourage More Births

    Anisa Omuri Muça, Director of the Social Statistics Directorate, National Institute of Statistics of Albania, said her country, like many Eastern European countries, is experiencing a sharp decline in birth rates.  This has long-term implications for population ageing and workforce sustainability.  The number of births per year decreased significantly from about 53,000 in 2001 to 34,000 in 2011 to about 24,000 births currently, while the number of deaths remains stable.  This prompted Albania’s policymakers to launch a 2020 measure to provide a “baby bonus” which gives immediate financial assistance to parents of newborns. 

    Noting also that the proportion of elderly people is increasing, she said this is placing pressure on Albania’s social security, healthcare systems, and pension funds.  The shrinking working-age population may also impact economic growth, she said, highlighting another set of policies her Government established to ensure social protection, inclusion and skills development for ageing adults.

    Further, young and skilled Albanians continue to leave the country in search of better economic and education opportunities, primarily in Western Europe and North America.  This also exacerbates labour shortages and slows development, she said.  Urbanization is another demographic phenomenon in her country — this is resulting in “depopulation in remote areas” while straining infrastructure and services in major cities like Tirana. 

    The Population Division’s data, reports, and analytical tools have enhanced Albania’s demographic research, policy planning, and decision-making.  Notably, the country has leveraged the UN’s migration datasets, which provide crucial benchmarks for analysing emigration patterns and their socioeconomic effects, particularly regarding the loss of youth and skilled labour.  Additionally, by utilizing UN data, Albania can compare its demographic trends with those of other Eastern European countries, identifying best practices and policy interventions to tackle shared challenges, such as low fertility and ageing.

    Video on World Population Trends

    Prior to the panel, participants watched a short video on world population trends, produced by the Department of Economic and Social Affairs’ Population Division, showcasing the results of the 2024 edition of World Population Prospects.  It examined how the wide variety of national patterns of fertility, mortality and international migration shape and impact global population trends.

    During the ensuing dialogue with Member States, panellists addressed questions related to the morning’s discussions.  Asked about incentives Albania is offering citizens in light of a declining fertility rate, Ms. Omuri pointed to the “baby bonus” to encourage new couples, but added that the country is grappling with a “brain drain”, as many young people seek better opportunities in Western Europe and North America.  Additionally, an ageing population is creating increased demands on social protections, healthcare and other services.   

    Mr. Sheikh, asked about maternal mortality, acknowledged progress but said much more work is needed.  He noted that Kenya is focused on enhancing quality of care and expanding universal healthcare coverage.  “A concern at the moment is quality of care because women come into facilities and are still dying in the hands of the most qualified personnel, and that is doctors and nurses,” he said. 

    On the topic of maximizing the demographic dividend, Ms. Bailey stressed the importance of political will in creating opportunities for the working-age population, and the need to establish a work-life balance, enabling young people to pursue education while supporting their families.  Broadening the conversation, Mr. Sheikh emphasized the importance of integrating population planning and educating both politicians and citizens on the significance of population issues.  Africa faces unique challenges, with a growing youth population, contrasting with other regions experiencing population decline.  “We don’t want to be in a position where other countries are trying to boost their population,” he said, stressing the value of learning from others and exchanging ideas.

    In response to a recommendation on integrating population development into national planning, Ms. Bailey agreed, noting that this approach has allowed Jamaica to develop a long-term vision.  “Population and development are fundamental to our national development agenda. It would be remiss of any country not to incorporate them into every aspect of their planning,” she emphasized.  

    On the issue of coordination across the UN system to avoid duplication, Mr. Wilmoth acknowledged the Division’s efforts but called for greater specificity when identifying gaps in coordination.  “It’s certainly an aspiration and a goal but when we don’t achieve that…  I think it may be necessary to be a little more specific about exactly what you’re seeing and where you’re seeing a lack of coordination,” he added.  It is always important to encourage agencies to speak to each other and avoid duplication.

    MIL OSI United Nations News