NewzIntel.com

Category: Canada

  • MIL-OSI Canada: Budget 2025: Snip. Taxes cut for Albertans

    [. By fulfilling a promise to cut personal income taxes, Albertans will take more money home on every paycheque.

    Starting this year, Alberta taxpayers will benefit from a new eight per cent personal tax bracket on income up to $60,000, down from the previous rate of 10 per cent. When this new tax cut takes effect, taxpayers will save up to $750 in 2025, while two-income families will see savings of up to $1,500, which will help them and their families with the cost of groceries, housing, utility bills or other priorities.

    “Over the past few years Albertans have faced an unprecedented cost of living crisis, largely due to the irresponsible actions of the federal Liberal government. That’s why Alberta’s government is taking action to cut personal income taxes for two million hard-working Albertans – fulfilling our campaign promise – so that Albertans can keep more of their hard-earned dollars to help support their families.”

    Danielle Smith, Premier of Alberta

    “By fast-tracking this new eight per cent tax bracket, Albertans can keep more of their hard-earned money this year. This is just one more way we’re helping Albertans find their way forward during turbulent economic times.”

    Nate Horner, President of Treasury Board and Minister of Finance

    “Premier Danielle Smith keeping her promise to cut Alberta’s income tax is great news, because it means huge savings for most working families. Families are fighting to afford basics right now, and if they can save more than $1,500 per year thanks to this big tax cut, that would cover a month’s rent or more than a month’s worth of groceries.”

    Kris Sims, Alberta director, Canadian Taxpayers Federation.

    Overall, this personal income tax cut is expected to save Albertans $1.2 billion in 2025, with savings rising to $1.4 billion in 2028. Most taxpayers will start to see the benefit of the tax cut on their paycheques after July 1, when payroll withholdings are adjusted.

    “Albertans know best where their hard-earned dollars are needed most. By leaving more money in their pockets, we’re helping ensure families can meet their unique needs and achieve greater prosperity for a brighter future.”

    Nathan Neudorf, Minister of Affordability and Utilities

    With low personal and corporate income taxes, low fuel tax and no sales tax, Albertans and Alberta businesses generally pay lower overall taxes than those in other provinces. In 2025-26, Albertans and Alberta businesses would pay at least $20.1 billion less in taxes than they would if Alberta had the same tax system as any other province.

    Related information

    • Alberta tax overview
    • Budget 2025

    Related news

    • Budget 2025: Meeting the challenge

    Multimedia

    • Watch the news conference
    • Tax cut to save Albertans money

    MIL OSI Canada News –

  • MIL-OSI Security: Mississauga — CBSA and RCMP joint investigation leads to criminal charges and the seizure of synthetic opioids more potent than fentanyl

    Source: Royal Canadian Mounted Police

    The Canada Border Services Agency (CBSA) and Royal Canadian Mounted Police (RCMP) are committed to intercepting and investigating smuggling attempts at our border and disrupting organized crime.

    The CBSA and RCMP announced today that an arrest has been made in Mississauga, Ontario for possession and trafficking of narcotics, including Nitazenes. Nitazenes are a class of synthetic opioid which can be up to 20 times more potent than Fentanyl. They are used to “cut” street drugs in Canada, and their high potency can increase the risk of overdose, particularly when mixed with other substances.

    CBSA border services officers at the international mail and cargo processing facilities in Mississauga, ON, and Vancouver, BC, seized multiple shipments of synthetic opioids arriving from China and destined to an address in Mississauga. Officers also intercepted additional shipments intended for international export. Using various investigative techniques, the CBSA’s Greater Toronto Area Region’s Intelligence section provided the RCMP with the evidence required to obtain a search and arrest warrant.

    On January 3, 2025, the RCMP’s Transnational Serious & Organized Crime seized over 5 kg of narcotics, drug paraphernalia, more than $120,000 CAD in cash and other proceeds of crime—including luxury watches and precious metals—from the accused’s residence in Mississauga.

    As a result, the RCMP arrested Matthew Phan (36 years-old) of Mississauga, and charged him with:

    • Trafficking a Schedule I controlled substance to wit: Etonitazene, its salts, derivatives, isomers and analogues and salts of derivatives, isomers and analogues contrary to Section5(1) of the Controlled Drugs and Substances Act.
    • Trafficking a Schedule 4 controlled substance to wit: Fencamfamine, its salts, derivatives, isomers and analogues and salts of derivatives, isomers and analogues contrary to Section5(1) of the Controlled Drugs and Substances Act.
    • Possession of a Schedule I controlled substance for the purpose of trafficking to wit: Etonitazene, its salts, derivatives, isomers and analogues and salts of derivatives, isomers and analogues contrary to Section 5(2) of the Controlled Drugs and Substances Act.
    • Possession of a Schedule I controlled substance for the purpose of trafficking to wit: MDMA, contrary to Section 5(2) of the Controlled Drugs and Substances Act.
    • Possession of a Schedule I controlled substance for the purpose of trafficking to wit: methamphetamine, contrary to Section 5(2) of the Controlled Drugs and Substances Act.
    • Possession of a Schedule 4 controlled substance for the purpose of trafficking to wit: Fencamfamine, its salts, derivatives, isomers and analogues and salts of derivatives, isomers and analogues contrary to Section 5(2) of the Controlled Drugs and Substances Act.
    • Unlawful attempt to export a Schedule 1 controlled substance to wit: Etonitazene, its salts, derivatives, isomers and analogues and salts of derivatives, isomers and analogues contrary to Section 6(1) of the Controlled Drugs and Substances Act.
    • Unlawful attempt to export a Schedule 4 controlled substance to wit: Fencamfamine, its salts, derivatives, isomers and analogues and salts of derivatives, isomers and analogues contrary to Section 6(1) of the Controlled Drugs and Substances Act.
    • Unlawful possession property obtained by crime, contrary to Section 354(1) of the Criminal Code.

    Phan has not received bail and remains in custody.

    Quotes

    “This opioid seizure is yet another example of the effective partnership between the CBSA and the RCMP in stopping cross-border drug trafficking. Nitazenes pose a significant threat to public health, and these joint investigations and resulting enforcement actions keep our communities safe, both in Canada and abroad.”
    – The Honourable David J. McGuinty, Minister of Public Safety

    “Nitazenes are a lethal substance that pose a significant risk to the safety of Canadians, and the CBSA is committed to securing Canada’s border from drug threats like this one. In collaboration with the RCMP, our officers and investigators work diligently to keep these synthetic opioids off our streets. The CBSA executed over 3,000 narcotic seizures in the Greater Toronto Area in 2024, keeping over 10,000 kg of drugs out of our communities.” – Lisa Janes, Regional Director General, Greater Toronto Area Region, Canada Border Services Agency

    “This collaboration between RCMP Federal Police and the CBSA has resulted in a rapid response to protect the safety of our communities. We are very concerned that synthetic opioids are making their way onto our streets. This extremely toxic substance severely amplifies the risk of accidental overdose for all drug users. The RCMP is committed to battling transnational organized crime at all levels in Ontario, Canada and abroad.”
    – Inspector Nicole Noonan, Officer in charge of Federal Policing – Integrated Response & Organized Crime, Royal Canadian Mounted Police

    Quick facts

    • Canada is investing $1.3 billion to bolster security at the border and strengthen the immigration system, all while keeping Canadians safe. Information available on the Border Plan is available here: The Government of Canada’s Border Plan: significant investments to strengthen border security and our immigration system – Canada.ca
    • As part of Canada’s Border Plan, the CBSA has launched Operation Blizzard, a targeted, cross-country initiative aimed at intercepting illegal contraband arriving and leaving Canada, with a focus on fentanyl and other synthetic narcotics.
    • From December 9, 2024 to January 18, 2025, the Canadian Integrated Response to Organized Crime (CIROC) Committee composed of Federal, Provincial and Municipal law enforcement agencies, conducted a national sprint aimed at disrupting illegal fentanyl production and distribution in Canada.
    • The RCMP and the CBSA work closely in an investigative capacity, along with other domestic and international law enforcement partners, to combat the impact that cross border criminal activity is having on our communities.
    • The CBSA screens goods, including international mail and courier items, coming into Canada and examines more closely those that may pose a threat to the safety of Canadians.
    • The RCMP works with the CBSA to protect Canada from inbound and outbound criminal threats through criminal investigations and prosecutions related to narcotic smuggling.
    • Organized crime affects the daily lives of Canadians in many ways that you may not be aware of. It can affect the taxes you pay (tax revenue losses from contraband tobacco and alcohol); your car insurance premiums (higher auto insurance due to car thefts by organized crime rings); your banking fees (banks recovering fraud costs); even your safety and health (drug-related violence, faulty counterfeit goods and currency). In terms of economic-related crimes (e.g. credit and debit card fraud), it is estimated that organized crime costs Canadians $5 billion every year.
    • For the latest CBSA enforcement statistics, visit Canada Border Services Agency seizures.
    • If you have any information related to smuggling, drug importation, trafficking, or possession, or wish to report other criminality, you can contact:
      • The RCMP Toronto West Detachment at 1-905-876-9500
      • Ontario RCMP at 1-800-387-0020
      • Anonymously through Crime Stoppers at 1-800-222-8477 (TIPS), at any time.
    • To report suspicious cross border activities, you can contact the CBSA by using the confidential Border Watch Line online or toll free at 1888 502 9060

    MIL Security OSI –

  • MIL-OSI Global: It was risky for Ontario Premier Doug Ford to call an early election — but it did pay off

    Source: The Conversation – Canada – By Sam Routley, PhD Candidate, Political Science, Western University

    Ontario Premier Doug Ford’s election gamble has paid off. As a consequence of last night’s election results, the Progressive Conservatives are now set to form their third consecutive majority government.

    By and large, last night’s election results were dull and uninspiring, looking very similar to the outcome of the province’s election in 2022. The Progressive Conservatives return (going from 79 to 80) with only one additional member of caucus, receiving a noticeable but modest two per cent bump in support.

    And, while the Liberals saw even more of a recovery from 2018, the generally widespread distribution of that vote means that they were only able to gain five seats. Although tarnished, the New Democrats return as the official opposition party.

    Unprepared rivals

    These lacklustre results flow directly from lacklustre campaigns. The fact is that, regardless of Premier Ford’s legitimate calls for a renewed mandate amidst an aggressive American administration, the party had been looking for an excuse to call a premature election for quite some time. In doing so, they were able to — quite intentionally — catch their rivals unprepared, complete with incomplete candidate slates, unknown leaders and undercooked policy platforms.

    It meant that, while Ford was able to run a safe and constrained front-runner’s campaign, his main opponents struggled to find the momentum necessary to move the dial and exploit enough backlash. This is alongside real policy vulnerabilities in health care and education, with enough voters expressing discontent with what they felt to be an unnecessary and self-serving election call.

    Chaotic news cycle

    There are good reasons to believe that voters were mostly apathetic towards the parties and their candidates. Alongside the reasons already stated, the dense, chaotic and ever-shifting news cycle of the last few months may have entailed that this election was able to slip by quietly.

    But this does not seem to be the full story, as this year’s turnout — while still low — is slightly higher than that of 2022. Instead, voters also seemed to have wanted to maintain the status quo.

    On the local level, siting members of the provincial legislature from all three parties generally performed quite well. Of the 111 ridings with party-nominated incumbents, for example, only four lost. So while many voters may have been unhappy with the election call, the unpredictable environment may have also had the reverse effect of leading them to support, if not fully endorse, the leaders they already have.

    Regardless of the more limited dynamics of this election, however, we cannot overlook the fact that this has been a very real accomplishment for Doug Ford and the Progressive Conservatives. In a period of high executive turnover and anti-incumbent backlash, Doug Ford has, as the leader of the Progressive Conservative Party of Ontario, brought about a track record of secure, consecutive majorities — a feat that was last attained by Leslie Frost and John Robarts.

    In many ways, it brings to mind the years of the traditional “big blue machine,” when the party controlled the government of Ontario for 40 consecutive years.

    Durable persona

    Here, Ford’s success is much deeper than a matter of suave electoral maneuvering, and it is more long-standing than the recent confrontation with the Trump administration. Instead, these results attest to the fact that, while the Premier is not without his detractors, he has nevertheless managed to secure a stable, solid and sufficient base of support through the combination of both a carefully balanced policy agenda and a durable leadership persona.

    As with his successful conservative predecessors, Ford practices a form of the pragmatic and moderate governance that characterizes Ontario. A large part of what makes this successful is the fact that while it makes policy decisions flexible, it does not make them arbitrary.

    Ford continues to emphasize a government oriented around continual economic growth and innovation as a means to accomplish raising living standards, fund the province’s social programs and — more recently — rival the United States. Combined with Ford’s aptitude in retail politics this has created a clear and accessible political project supported by big developers, small business owners and private-sector workers’ unions.

    In a political environment shaped by personality, Ford continues to suck up the majority of the political oxygen in Ontario. Even while a good portion of Ontarians may dislike Ford — he is far from the most popular of Canada’s premiers — they have not experienced an overriding need to get rid of the incumbent, nor pursue another course of change.

    While politics is impossible to predict, it suggests that this state of continuity will persist in Ontario, even amid a chaotic global environment.

    Sam Routley 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. It was risky for Ontario Premier Doug Ford to call an early election — but it did pay off – https://theconversation.com/it-was-risky-for-ontario-premier-doug-ford-to-call-an-early-election-but-it-did-pay-off-251142

    MIL OSI – Global Reports –

  • MIL-OSI Canada: Start of 2025 wildfire season: Minister Todd Loewen

    “With wildfire season officially beginning on March 1, I want to talk to all Albertans about the importance of being prepared and proactive. Alberta has faced unprecedented wildfire challenges, and our government is committed to a three-pronged approach to wildfire preparations: prevention, mitigation and readiness to respond.

    “The key to prevention efforts is stopping wildfires before they start. It is essential that every Albertan understands their role in preventing wildfires, which is why we are increasing public awareness campaigns and promoting safe practices for outdoor activities, while also enforcing fire bans as necessary. Every small effort counts in preventing wildfires and protecting our communities and natural resources.

    “For situations where prevention is not enough, we have strengthened our wildfire mitigation efforts. This includes controlled burns, creating firebreaks and managing forest vegetation to minimize fuel for fires. Fireguard projects are currently underway in the Bow Valley near Canmore, as well as Cypress Hills Provincial Park, Hinton, Whitecourt and Slave Lake. In 2024, the Forest Resource Improvement Association of Alberta (FRIAA) funded 38 FireSmart projects across the province worth more than $3.4 million. These measures focus on wildfire prevention and mitigation, educating communities on fire safety and supporting local emergency response plans.

    “Alberta is home to some of the best firefighting personnel in the world, and our teams are well trained, well equipped and ready to respond to any wildfire incidents. We continue investing in the technology and resources needed to support firefighting efforts through Budget 2025, which provides $160 million in base funding for wildfire personnel, equipment, training and contracts for aircraft, dozers and night vision-equipped helicopters. This ensures we can mobilize significant resources quickly and effectively when needed. I have every confidence in our wildfire teams and their ability to meet the challenges ahead.

    “This year, we are entering the wildfire season with 10 active fires, a significant change from the almost 60 wildfires we saw this time last year. This is in large part thanks to the incredible work of Alberta’s wildland firefighters and support teams, the resilience of Alberta’s communities, and to the province’s historic investments, preparations and quick response to last year’s wildfires.

    “As Albertans take the time to enjoy our incredible outdoor opportunities this year, it is important to remember we all have a shared responsibility in preventing wildfires. I encourage everyone to follow fire bans and restrictions, remember you must have a permit for any burning in the Forest Protection Area, and follow the soak it, stir it and soak it again method to ensure your campfires are extinguished completely. By working together, we will be ready to face whatever the 2025 wildfire season brings.”

    MIL OSI Canada News –

  • MIL-OSI Canada: Statement by the Prime Minister on Ramadan

    Source: Government of Canada – Prime Minister

    The Prime Minister, Justin Trudeau, today issued the following statement on Ramadan:

    “Tonight, at sundown, Muslim communities in Canada and across the world will mark the beginning of the holy month of Ramadan.

    “Over the coming weeks, family and friends will gather in homes and mosques to pray. After fasting from dawn till sunset, they will share a traditional evening meal called iftar. For those practising, this is a sacred time to reflect and celebrate.

    “The sacred month comes at a particularly challenging time, as the humanitarian crisis in Gaza continues to unfold. Canada reaffirms our support for a sustainable ceasefire in Gaza, the release of all remaining hostages, and the safe, unimpeded access to humanitarian relief for civilians.

    “During Ramadan, let us also take the time to recognize the invaluable contributions that the nearly 1.8 million Muslims who call Canada home make each day to our country. From coast to coast to coast, they enrich our communities and help make Canada more prosperous, diverse, and inclusive.

    “On behalf of the Government of Canada, I extend my wishes for a blessed and peaceful Ramadan to all those practising.

    “رمضان مبارك

    “Ramadan Mubarak.”

    MIL OSI Canada News –

  • MIL-OSI Canada: Ramadan: Premier Smith

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI Canada: Revitalizing downtown Edmonton

    Edmonton continues to thrive and is quickly becoming a key destination in Canada and North America to visit, live and work. To help the city to meet the demands of a growing population, the Government of Alberta has signed a memorandum of understanding (MOU) with the City of Edmonton and OEGSE.

    The MOU would help the city achieve its vision to develop an event park and public realm space fully connected to Rogers Place in Edmonton’s ICE District, unlock more housing in the downtown core, and would also support site servicing for the Village at ICE District and demolition of the old Coliseum at Exhibition Lands. Discussions between the Government of Alberta, City of Edmonton, and OEGSE are ongoing as further details are worked out. The province’s Budget 2025 allocates funding for this project, should a final agreement be struck among all three partners.

    “Alberta’s government is proud to be partnering with the City of Edmonton and OEG Sports & Entertainment on this exciting plan to support world-class facilities and services and revitalize downtown Edmonton. This agreement would ensure that Edmonton continues to be one of Canada’s and North America’s leading entertainment and event districts.”

    Danielle Smith, Premier

    These priority projects will support much-needed housing development, provide residents and visitors with year-round access to sports, culture and entertainment activities, as well as improve safety and build 2,500 new units of diverse housing types. The total cost for all projects is $408.2 million, which will be shared among all three partners.

    As part of this ongoing work, the City of Edmonton has released a report that outlines options to extend the end date for the Capital City Downtown Community Revitalization Levy (CRL) beyond 2034. This report contains new catalyst projects including public infrastructure site servicing for the Village at ICE District housing development and a proposed event park that would be funded through the CRL. The event park is estimated to add over $70 million to the local gross domestic product (GDP) and up to 1,400 jobs throughout the construction phase.

    “This investment will boost our economy and solidify Edmonton’s status as a global events hub. I’m pleased the Government of Alberta is investing in our city. Municipalities need provincial support to manage record growth, and this funding will support diverse housing projects, including needed affordable housing.”

    Amarjeet Sohi, mayor, City of Edmonton

    “We are proud of our work to date with the development of Rogers Place and the surrounding facilities, which have become catalytic drivers of investment and development in Edmonton’s downtown core, and we look forward to building on that success through this new agreement. This agreement is a significant step in the right direction toward creating great public spaces that will add to the community programming, activity and vibrancy of downtown Edmonton, and will bring public infrastructure investment to encourage development of much-needed housing in our city.”

    Tim Shipton, EVP, External Affairs, OEGSE

    Alberta’s government, the City of Edmonton and OEGSE will make a more formal announcement in the days to come.

    MIL OSI Canada News –

  • MIL-OSI Canada: Empowering kids to get in the game

    [. They teach teamwork, build confidence and promote healthy lifestyles that last well into adulthood. Unfortunately, financial barriers to sport can force some Albertan children to watch from the sidelines.

    Alberta’s government remains committed to supporting Albertans facing higher costs of living. The province is breaking down the financial barriers that prevent kids from engaging in sport and recreation programs and getting them back in the game. If passed, Budget 2025 would provide $8 million to the Every Kid Can Play program.

    “I’m proud Alberta’s government is supporting families with affordable access to sport and recreation through the Every Kid Can Play program. Sport is for everyone, which is why we’re breaking down financial barriers to ensure no child is forced to watch from the sidelines.”

    Joseph Schow, Minister of Tourism and Sport

    If the budget passes, $3.5 million would go directly to helping cover sport registration costs for families in need. Since 2023, the Every Kid Can Play program has supported more than 21,000 registrations for children and youth to access sport and recreation.

    “Increasing affordable access to sport and recreation for Alberta’s children and youth will help support them in their development by providing mentorship and improving their physical and mental wellness. I am proud to support the Every Kid Can Play initiative to continue building up and supporting stronger communities.”

    Searle Turton, Minister of Children and Family Services

    “Sport provides opportunity for children and youth to build healthy habits, friendships and lifelong memories. By making sport more affordable and accessible, we’re not only helping families keep more money in their pockets – we’re enriching the lives of our young people now and for many years to come.”

    Nathan Neudorf, Minister of Affordability and Utilities

    In the past year alone, more than 12,200 kids who would otherwise have been unable to access sport were able to get into the game thanks to the Every Kid Can Play program helping cover the cost of registration. Through funds directed to KidSport Alberta, the Every Kid Can Play program offers eligible families up to $350 per child to offset the costs of kids’ registration in sports and recreational activities.

    The Every Kid Can Play program also supports provincial and community non-profit organizations, reducing financial pressures and increasing the number of kids the programs are able to admit. Since 2023, the Every Kid Can Play program has supported more than 200 child and youth-focused community-level programs throughout Alberta.

    “At KidSport Alberta, we believe the impact of sport on children’s lives goes far beyond competition and physical fitness – it’s about confidence, community and opportunity. Thanks to the Government of Alberta’s renewed commitment to the Every Kid Can Play Program, we can continue to strive towards our goal of an Alberta in which ALL kids have a chance to play.” 

    Kelly Oehlerking, executive director, KidSport Alberta

    “The Every Kid Can Play program opened doors for us, giving my grandson the opportunity to be involved in the sports he loves. I’m grateful that the Government of Alberta is working to make sport and recreation more accessible and affordable for all families across Alberta.” 

    Sylvia Donley, guardian of a child who has benefited from the Every Kid Can Play Program

    “Thanks to the support of Alberta’s government through the Every Kid Can Play program, we provided 285 children, including newcomers and refugees, with affordable sports opportunities. This funding has helped create an inclusive space where kids can develop skills, build friendships and feel a sense of belonging in their new community.”

    Umair Ahad, director, Pamir Canadian Multiculturalism Council

    The Every Kid Can Play program is designed to address affordability and accessibility challenges to sport, physical activity and recreation programs for Alberta kids and their families.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on supporting the economy.

    Related information

    • KidSport Alberta
    • Every Kid Can Play Program

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI Security: Strathcona County — Strathcona County RCMP arrest male for several robberies

    Source: Royal Canadian Mounted Police

    Between Oct. 24, 2024, and Jan. 8, 2025, Strathcona County RCMP responded to a series of five robbery incidents involving a masked suspect. The robberies occurred at the 7-Eleven locations on Clover Bar Road and Wye Road, and the Circle K convenience store on Ridgemont Way in Sherwood Park. In December 2024, two additional robberies occurred at 7-Eleven locations in Edmonton and were initially investigated by the Edmonton Police Service (EPS).

    Through strong co-operation and information sharing between the RCMP and EPS Robbery Unit, these incidents were determined to be connected. In each case, the suspect stole cigarettes before fleeing either on foot or in a vehicle. Fortunately, no employees were physically harmed during the robberies and a suspect was identified.

    On Jan. 24, 2025, Strathcona County RCMP GIS, Strathcona County RCMP Crime Reduction Unit and RCMP Police Dog Service executed a residential search warrant in rural Strathcona County and arrested the suspect.

    A 26-year-old individual, a resident of Sherwood Park, is facing the following charges:

    • Robbery (x5)
    • Disguise with intent (x2)
    • Fail to comply (x2)

    Following a judicial interim release hearing, the individual was remanded into custody to appear in Alberta Court of Justice in Sherwood Park on Jan. 29, 2025.

    RCMP is committed to enhancing public safety through strong collaboration with various law enforcement agencies. These collaborations enable sharing of intelligence, resources, and specialized expertise, allowing for a more coordinated response to crime. If you have information regarding this event or any other suspicious or illegal activity please contact Strathcona County RCMP at 780-467-7741. If you wish to remain anonymous, you can contact Crime Stoppers at 1-800-222-8477 (TIPS), online at www.P3Tips.com or by using the “P3 Tips” app available through the Apple App or Google Play Store. To report crime online, or for access to RCMP news and information, download the Alberta RCMP app through Apple or Google Play.

    MIL Security OSI –

  • MIL-OSI Security: Slave Lake — Slave Lake RCMP arrest individual for weapon offences

    Source: Royal Canadian Mounted Police

    On Jan. 6, 2025, Slave Lake RCMP were made aware of a video that was being circulated in the community, which depicted an individual holding a firearm up to another person.

    Following a thorough investigation, Slave Lake RCMP were able to identify the individuals in the video and on Jan. 30, 2025, an arrest was made.

    A 56-year-old individual, a resident of Camrose, Alta., has been charged with the following offences:

    • Assault with a weapon
    • Pointing a firearm
    • Uttering threats
    • Possession of weapon for dangerous purpose
    • Unauthorized possession of firearm
    • Possession of firearm in motor vehicle

    The individual was taken before a justice of the peace and was released on a release order with conditions and is scheduled to appear in court on Feb. 26, 2025 at the Alberta Court of Justice in Slave Lake.

    MIL Security OSI –

  • MIL-OSI Security: Heart Lake First Nation — Lac La Biche arrest male for assault with a weapon

    Source: Royal Canadian Mounted Police

    On Jan. 29, 2025, at approximately 9:08 p.m., Lac La Biche RCMP responded to a request to remove an individual from a residence. When officers arrived, they learned that the individual they were asked to remove was a victim of a stabbing.

    Police entered the residence and located the suspect, who attempted to flee on foot but was stopped. During the arrest, the suspect became combative, punching, kicking and biting officers while trying to disarm them. Despite the struggle, officers were able to place the suspect into custody with the assistance of a conducted energy weapon (CEW). Multiple officers sustained injuries during this altercation and were treated on scene.

    As a result of this incident, Lac La Biche RCMP have arrested a 19-year-old individual, a resident of Kikino, Alta., they have been charged with the following offences:

    • Assault with a weapon
    • Assault on police causing bodily harm
    • Assault on police
    • Attempt to disarm a police officer x2
    • Resist peace officer
    • Mischief under $5000
    • Fail to comply with court order x2

    The individual was taken before a justice of the peace and was remanded into custody. Their last court date was on Feb. 3, 2025, at the Alberta Court of Justice in Lac La Biche.

    MIL Security OSI –

  • MIL-OSI Canada: More than 70 projects will strengthen wildfire prevention, support forestry

    Source: Government of Canada regional news

    VICTORIA – Workers and communities throughout B.C. are benefiting from Forest Enhancement Society of BC (FESBC) supported projects that reduce wildfire risk and increase fibre supply, keeping local mills and energy plants running in the face of U.S. tariff threats and unjustified softwood lumber duties.

    With $28 million from the Province, FESBC is supporting 43 new and expanded fibre-recovery projects and 31 new and expanded wildfire-mitigation projects.

    “In tough times, I want workers in our forest sector to know I’ve got their back,” said Ravi Parmar, Minister of Forests. “Whether it’s better utilizing existing sources of fibre or helping protect communities from wildfire, the projects are supporting workers and companies as they develop new and innovative forest practices.”

    Projects are taking place in all eight of the Province’s natural resource regions, helping create jobs, reducing wildfire risk and supporting B.C.’s pulp and biomass sector. They will be complete by the end of March 2025, in advance of wildfire season.

    Fibre-recovery projects take wood fibre that would otherwise be burned or abandoned and put it in the hands of mills and forestry companies that can use it, helping keep forestry workers on the job. Through the Province’s continued investment in FESBC, the projects they support have delivered 44,000 logging truckloads worth of fibre out of the bush since April 2024. That fibre would once have been burned in slash piles and is instead creating jobs and revenue for local businesses.

    “These projects are putting local businesses and people to work reducing wildfire risk and recovering fibre for local pulp mills, and pellet and energy plants,” said Jason Fisher, executive director, FESBC. “FESBC received strong proposals from across the province and we are pleased to support this strong group of proponents in their forest-management activities.” 

    Government continues to take action to support the forest sector in the face of U.S. softwood lumber duties and tariff threats, including through the recently formed Softwood Lumber Advisory Council, streamlining the permitting process and continuing to advocate to the federal government.

    Quick Facts:

    • Founded in 2016, FESBC is fully funded by the Province to support forestry projects at the community level.
    • As part of Budget 2024, B.C. announced FESBC would get an additional $60 million over three years to continue community-focused wildfire risk-reduction and fuel-management projects, as well as improving utilization of biomass from harvested timber.
    • Since 2016, $79.6 million has been invested in 201 community wildfire risk-reduction projects through FESBC.

    Learn More:

    For information about fibre-supply and wildfire-mitigation projects, visit: https://news.gov.bc.ca/files/FESBCNewExpandedFunding.pdf

    MIL OSI Canada News –

  • MIL-OSI Canada: March 2 to 8 Proclaimed Engineering and Geoscience Week in Saskatchewan

    Source: Government of Canada regional news

    Released on February 28, 2025

    Highways Minister David Marit has proclaimed March 2 to 8 as Engineering and Geoscience Week in Saskatchewan to highlight the important work of those professionals. 

    “Engineers and geoscientists play an integral part of developing the infrastructure we use every day,” Marit said. “We are thankful for these hard-working professionals that call Saskatchewan home and help build and support the province during a significant period of growth.”

    Engineers and geoscientists play a role in a wide variety of areas, infrastructure and industries.

    This includes:

    • Agriculture;
    • Aerospace;
    • Environment;
    • Forestry;
    • Manufacturing;
    • Mining;
    • Utilities;
    • health care;
    • Education;
    • Highways; and
    • Natural resources.

    “Saskatchewan people put their trust in the competence, integrity, and professional conduct of engineers and geoscientists,” Association of Professional Engineers and Geoscientists (APEGS) President Erin Moss Tressel said. “We are committed to protecting that trust by upholding the highest ethical and professional standards and recognizing the exemplary achievements and contributions of our members.” 

    APEGS is the regulatory body for the engineering and geoscience professions in the province with more than 15,000 members. The Minister of Highways is also the minister responsible for the Engineering and Geoscience Professions Act for Saskatchewan.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Security: Clarenville — Clarenville RCMP investigates theft from NLC, seeks public’s assistance identifying two individuals

    Source: Royal Canadian Mounted Police

    Clarenville RCMP is seeking assistance from the public in identifying two individuals following a theft that occurred at the Newfoundland Labrador Liquor Corporation (NLC) in Clarenville on February 27, 2025.

    At approximately 8:40 p.m., last night, two individuals entered the NLC store in the Random Mall on Manitoba Drive. The pair placed a number of bottles of various alcohol into shopping bags and departed without paying for the merchandise, valued at more than $2000.00. The two departed the area together in a dark-colored hatchback style vehicle. Images of the two individuals are attached.

    The investigation is continuing.

    Anyone having information on the identity of either of these individuals or information about this crime is asked to contact Clarenville RCMP at 709-466-3211. To remain anonymous, contact Crime Stoppers: #SayItHere 1-800-222-TIPS (8477), visit www.nlcrimestoppers.com or use the P3Tips app.

    MIL Security OSI –

  • MIL-OSI: Dominion Lending Centres Inc. Announces Closing of $59.15 million Secondary Private Placement Offering of Class A Common Shares

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

    VANCOUVER, British Columbia, Feb. 28, 2025 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”), 2215 Coquitlam Avenue, Port Coquitlam, British Columbia V3B 1J6, along with Mauris Family Investments Inc. (an entity controlled by Gary Mauris), and 603908 B.C. Ltd. (an entity controlled by Chris Kayat and family), announced today that they have closed the previously announced sale of 7,782,400 class “A” common shares (the “Offered Shares”) by the Selling Shareholders (as defined below) at a price of $7.60 per Offered Share for gross proceeds to the Selling Shareholders of approximately $59.15 million (the “Offering”), less the commission paid to the Agents (as defined below) of $2,365,849.60 (or $0.304 per Offered Share), on a “best efforts” agency private placement basis. DLCG did not receive any proceeds from the Offering. Mauris Family Investments Ltd. (“MaurisCo”) and 603908 B.C. Ltd. (“KayatCo”) are collectively referred to herein as the “Selling Shareholders”.

    The Offering was completed pursuant to an agency agreement (the “Agency Agreement”) dated February 28, 2025 between the Corporation, MaurisCo, KayatCo, Desjardins Capital Markets (“Desjardins”), Cormark Securities Inc. (“Cormark”) and Acumen Capital Finance Partners Limited (“Acumen”, and together with Desjardins and Cormark, the “Agents”) and the Share Purchase Agreements (as defined below). Share purchase agreements were entered into between each purchaser or beneficial purchaser, as the case may be, of the Offered Shares pursuant to the Offering (each a “Purchaser”), the Agents, the Corporation, MaurisCo and KayatCo in respect of such Purchaser’s purchase of a portion of the Offered Shares (the “Share Purchase Agreements”).

    Prior to the Offering, MaurisCo beneficially owned or controlled, directly or indirectly, an aggregate of 23,979,733 class “A” common shares, representing approximately 30.5% of the total issued and outstanding class “A” common shares. Prior to the Offering, KayatCo beneficially owned or controlled, directly or indirectly, an aggregate of 23,253,532 class “A” common shares, representing approximately 29.5% of the total issued and outstanding class “A” common shares. Following the closing of the Offering, MaurisCo beneficially owns or controls, directly or indirectly, 20,088,533 class “A” common shares and KayatCo beneficially owns or controls, directly or indirectly, 19,362,332 class “A” common shares, representing 25.5% and 24.6%, respectively, of the issued and outstanding class “A” common shares, a decrease of approximately 5% and 4.9%, respectively.

    MaurisCo and KayatCo have no other current plans to dispose of their remaining investment in the Corporation but may from time to time decide to acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold securities of the Corporation or develop plans or intentions that would relate to or result in the items in (a) to (k) of Item 5 of Form 62-103F1 to occur, in each case, depending on market and economic conditions, the business and prospects of the Corporation and other relevant factors. The Selling Shareholders, along with the Corporation’s board of directors and certain members senior management, have entered into lock-up agreements for a period of 180 days from the date of closing of the Offering, restricting them from disposing any securities of Corporation, subject to certain exemptions.

    An early warning report relating to sale of Offered Shares by each of MaurisCo and KayatCo pursuant to the Offering will be filed on SEDAR+ under the Company’s profile at www.sedarplus.ca. To obtain a copy of such report, please contact the corporate secretary of the Corporation at jbell@dlcg.ca. The Corporation’s head office and Messrs. Mauris and Kayat’s mailing address is 2215 Coquitlam Avenue, Port Coquitlam, BC, V3B 1J6.

    About Dominion Lending Centres Inc.
    Dominion Lending Centres Inc. is Canada’s leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.

    DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca. 

    Contact information for the Corporation is as follows:

    Eddy Cocciollo
    President
    647-403-7320
    eddy@dlc.ca    		 James Bell
    EVP, Corporate and Chief Legal Officer
    403-560-0821
    jbell@dlcg.ca    		  
         

    NEITHER THE TSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI: BexBack: The Easiest 100x Leverage Futures Exchange with Double Deposit Bonus and No KYC Crypto Trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 28, 2025 (GLOBE NEWSWIRE) — With Bitcoin’s price fluctuating below $100,000, many analysts predict a prolonged period of high volatility in the crypto market. Holding spot positions may struggle to generate short-term profits in such conditions. As a result, 100x leverage futures trading has become the preferred tool for seasoned investors looking to maximize potential gains in this volatile market. BexBack Exchange is ramping up its efforts to offer traders unmatched promotional packages.The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and up to 100x leverage on cryptocurrency trading, providing excellent opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and 50 other major cryptocurrencies for futures contracts.. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dde26d5f-0289-4b3c-ba8d-0f0d518aa9f6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f9c947fb-28db-4be3-8b80-8b3ac08bfd1b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/08170e51-9af3-4971-bd32-a39c2e8d4ac8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6017b63a-46ff-435d-9ab4-6f1a5eefb3f2

    The MIL Network –

  • MIL-OSI Global: Coastal economies rely on NOAA, from Maine to Florida, Texas and Alaska – even if they don’t realize it

    Source: The Conversation – USA – By Christine Keiner, Chair, Department of Science, Technology, and Society, Rochester Institute of Technology

    U.S. fishing industries, both commercial and recreational, rely on healthy coastal areas. Wolfgang Kaehler/LightRocket via Getty Images

    Healthy coastal ecosystems play crucial roles in the U.S. economy, from supporting multibillion-dollar fisheries and tourism industries to protecting coastlines from storms.

    They’re also difficult to manage, requiring specialized knowledge and technology.

    That’s why the National Oceanic and Atmospheric Administration – the federal agency best known for collecting and analyzing the data that make weather forecasts and warnings possible – leads most of the government’s work on ocean and coastal health, as well as research into the growing risks posed by climate change.

    The government estimates that NOAA’s projects and services support more than one-third of the nation’s gross domestic product. Yet, this is one of the agencies that the Trump administration has targeted, with discussions of trying to privatize NOAA’s forecasting operations and disband its crucial climate change research.

    As a marine environmental historian who studies relationships among scientists, fishermen and environmentalists, I have seen how NOAA’s work affects American livelihoods, coastal health and the U.S. economy.

    Here are a few examples from just NOAA’s coastal work, and what it means to fishing industries and coastal states.

    Preventing fisheries from collapsing

    One of the oldest divisions within NOAA is the National Marine Fisheries Service, known as NOAA Fisheries. It dates to 1871, when Congress created the U.S. Commission of Fish and Fisheries. At that time, the first generation of conservationists started to worry that America’s natural resources were finite.

    By conducting surveys and interviewing fishermen and seafood dealers, the fish commissioners discovered that freshwater and saltwater fisheries across the country were declining.

    Looking back on 150 years of NOAA’s fisheries history.

    Oil spills and raw sewage were polluting waterways. Fishermen were using high-tech gear, such as pound nets, to catch more and more of the most valuable fish. In some areas, overfishing was putting the future of the fisheries in jeopardy.

    One solution was to promote aquaculture, also known as fish or shellfish farming. Scientists and entrepreneurs reared baby fish in hatcheries and transferred them to rivers, lakes or bays. The Fish Commission even used refrigerated railroad cars to ship fish eggs across the country.

    Today, U.S. aquaculture is a US$1.5 billion industry and the world’s fastest-growing food sector. Much of the salmon you see in grocery stores started as farm-raised hatchlings. NOAA provides training, grants and regional data to support the industry.

    Men carry pails of fish specimens to a U.S. Fish Commission ‘fish car’ – a train car designed specifically for transporting fish or fish eggs to stock U.S. rivers, lakes and coastal waters – in this historical photo.
    Smithsonian Institution Archives

    NOAA Fisheries also helps to regulate commercial and recreational fishing to keep fish populations healthy and prevent them from crashing.

    The 1976 Magnuson-Stevens Fishery Conservation and Management Act and other laws implemented catch limits to prevent overfishing. To develop fair regulations and combat illegal practices, NOAA and its predecessors have worked with fishing organizations through regional fishery management councils for decades.

    These industries generate $321 billion in sales and support 2.3 million jobs.

    Restoring coral reefs to help marine life thrive

    NOAA also benefits U.S. coastal communities by restoring coral reefs.

    Corals build up reefs over centuries, creating “cities of the sea.” When they’re healthy, they provide nurseries that protect valuable fish species, like snapper, from predators. Reefs also attract tourism and protect coastlines by breaking up waves that cause storm-driven flooding and erosion.

    The corals of Hawaii, Florida, Puerto Rico and other tropical areas provide over $3 billion a year in benefits – from sustaining marine ecosystems to recreation, including sport fishing.

    However, reefs are vulnerable to pollution, acidification, heat stress and other damage. Warming water can cause coral bleaching events, as the world saw in 2023 and 2024.

    NOAA monitors reef health. It also works with innovative restoration strategies, such as breeding strains of coral that resist bleaching, so reefs have a better chance of surviving as the planet warms.

    Battling invasive species in the Great Lakes

    A third important aspect of NOAA’s coastal work involves controlling invasive species in America’s waters, including those that have menaced the Great Lakes.

    Zebra and quagga mussels, spiny water flea and dozens of other Eurasian organisms colonized the Great Lakes starting in the late 1900s after arriving in ballast water from transoceanic ships. These invaders have disrupted the Great Lakes food web and clogged cities’ water intake systems, causing at least $138 million in damage per year.

    Zebra mussels found attached to this boat at an inspection station in Oregon show how easily invasive species can be moved. The boat had come from Texas and was on its way to Canada.
    Oregon Department of Fish & Wildlife, CC BY-SA

    In the Northwest Atlantic, Caribbean and Gulf of Mexico, invasive lionfish, native to Asia and Australia, have spread, preying on native fish essential to coral reefs. Lionfish have become one of the world’s most damaging marine fish invasions.

    NOAA works with the Coast Guard, U.S. Geological Survey and other organizations to prevent the spread of invasive aquatic species. Stronger ballast water regulations developed through the agency’s research have helped prevent new invasions in the Great Lakes.

    Understanding climate change

    One of NOAA’s most crucial roles is its leadership in global research into understanding the causes and effects of climate change.

    The oil industry has known for decades that greenhouse gases released into the atmosphere from burning fossil fuels would raise global temperatures.

    Evidence and research from around the world have connected greenhouse gas emissions from human activities to climate change. The data have shown how rising temperatures have increased risks for coastal areas, including worsening heat waves and ocean acidification that harm marine life; raising sea levels, which threaten coastal communities with tidal flooding and higher storm surges; and contributing to more extreme storms.

    NOAA conducts U.S. climate research and coordinates international climate research efforts, as well as producing the data and analysis for weather forecasting that coastal states rely on.

    Why tear apart an irreplaceable resource?

    When Republican President Richard Nixon proposed consolidating several different agencies into NOAA in 1970, he told Congress that doing so would promote “better protection of life and property from natural hazards,” “better understanding of the total environment” and “exploration and development leading to the intelligent use of our marine resources.”

    The Trump administration is instead discussing tearing down NOAA. The administration has been erasing mentions of climate change from government research, websites and policies – despite the rising risks to communities across the nation. The next federal budget is likely to slash NOAA’s funding.

    Commercial meteorologists argue that much of NOAA’s weather data and forecasting, also crucial to coastal areas, couldn’t be duplicated by the private sector.

    As NOAA marks its 55th year, I believe it’s in the nation’s and the U.S. economy’s best interest to strengthen rather than dismantle this vital agency.

    Christine Keiner conducted research at the NOAA Library for her books “The Oyster Question” and “Deep Cut.”

    – ref. Coastal economies rely on NOAA, from Maine to Florida, Texas and Alaska – even if they don’t realize it – https://theconversation.com/coastal-economies-rely-on-noaa-from-maine-to-florida-texas-and-alaska-even-if-they-dont-realize-it-250016

    MIL OSI – Global Reports –

  • MIL-OSI Video: Why Is the United States the Most Homicidal Nation in the Affluent World

    Source: US National Institute of Justice (video statements)

    Ohio State University Since World War II, the homicide rate in the U.S. has been three to ten times higher than in Canada, Western Europe, and Japan. This, however, has not always been the case. What caused the dramatic change? Dr. Roth discussed how and why rates of different kinds of homicide have varied across time and space over the past 450 years, including an examination of the murder of children by parents or caregivers, intimate partner violence, and homicides among unrelated adults.

    (Opinions or points of view expressed represent the speaker and do not necessarily represent the official position or policies of the U.S. Department of Justice. Any product or manufacturer discussed is presented for informational purposes only and do not constitute product approval or endorsement by the U.S. Department of Justice.)

    https://www.youtube.com/watch?v=SwwtDNNpNRc

    MIL OSI Video –

  • MIL-OSI USA: As Trump Announces Tariffs Will Begin March 4th, Welch Cosponsors Bill to Shield Consumers and Businesses from Tariffs; Votes Against Trump’s USTR Nominee

    US Senate News:

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

    Bill led by Sen. Shaheen would block the President’s authority to impose duties or tariff-rate quotas on imports to the U.S.
    WASHINGTON, D.C. – As President Trump reversed course and announced his proposed tariffs on Canada and Mexico will begin March 4th, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, joined Senator Jeanne Shaheen’s (D-N.H.) Protecting Americans from Tax Hikes on Imported Goods Act, which would shield American businesses and consumers from rising prices imposed by tariffs on imported goods into the United States. The bill would keep costs down for imported goods by limiting the authority of the International Emergency Economic Powers Act (IEEPA)—which allows a President to immediately place unlimited tariffs after declaring a national emergency—while preserving IEEPA’s use for sanctions and other tools.  
    This week, Senator Welch also voted against Jamieson Greer, Trump’s pick to serve as U.S. Trade Representative (USTR), about whom he expressed reservations during the nominee’s confirmation hearing before the Senate Finance Committee. Senator Welch released the following statement:
    “We need trade policies that are rooted in a ‘Do No Harm’ approach, not ones that make things harder for Vermont businesses and consumers. I’ve heard from hardworking Vermonters who have told me that Trump’s tariffs and Trade War would only harm our businesses, farmers, and families. Trump’s tariffs on Canada, Vermont’s largest trading partner, will hammer small and rural businesses that depend on trade with our neighbor. 
    “We need to fight against these tariffs in every way that we can, and that includes having a U.S. Trade Representative who will stand up for American consumers and small businesses. Jamieson Greer made it clear that he lacks courage or capacity to stand up to President Trump and will be a rubber stamp for the President’s chaotic economic policies. It’s why I voted against him and why I will push back against any and all trade policies he puts forth that would harm Vermonters. 
    “Over the last few weeks, the President has made it clear that he’s ready to leverage the economic wellbeing of everyday Americans to pursue misguided foreign policy goals. It’s crucial that we shield Americans from the consequences of Trump’s reckless actions. That’s why I’m proud to support the Protecting Americans from Tax Hikes on Imported Goods Act, which will limit how the White House can impose these tax increases and protect Vermonters from price hikes.” 
    Learn more about the Protecting Americans from Tax Hikes on Imported Goods Act. 
    Read the full text of the bill. 

    MIL OSI USA News –

  • MIL-OSI Security: Prince Albert — Update: Prince Albert RCMP asks public to report sightings of grey truck

    Source: Royal Canadian Mounted Police

    February 27, 2025
    Prince Albert, Saskatchewan

    News release

    The grey truck was located just south of Prince Albert later on February 26. It was parked and no occupants were inside or around the truck when located.

    Investigation determined the suspects may now be driving a black Kia car.

    The investigation continues. Anyone with information should report it to RCMP by dialling 310-RCMP. Information can also be submitted anonymously by contacting Saskatchewan Crime Stoppers at 1-800-222-TIPS (8477) or www.saskcrimestoppers.com.

    –30–

    Backgrounder

    Prince Albert RCMP asks public to report sightings of grey truck

    2025-02-26

    Prince Albert RCMP are asking the public to report all sightings of a grey 2009 Chevrolet Silverado with Saskatchewan license plate 916 NID.

    Investigators believe the occupants are connected to a robbery that occurred in the City of Prince Albert early on February 26. Prince Albert Police Service located the suspects in a vehicle and attempted a traffic stop. The vehicle did not stop and continued into Saskatchewan RCMP jurisdiction.

    The suspects were last observed in St. Louis, SK at about 8:30 a.m. and are believed to be driving the Chevrolet Silverado.

    Prince Albert RCMP are actively working to locate the suspects, who are believed to armed.

    If you see this vehicle, do not approach it. Contact police immediately by dialling 310-RCMP. Information can also be submitted anonymously by contacting Saskatchewan Crime Stoppers at 1-800-222-TIPS (8477) or www.saskcrimestoppers.com.

    If an imminent risk to public safety is identified, we will notify the public.

    MIL Security OSI –

  • MIL-OSI: Financial 15 Split Corp. Extends Termination Date

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 28, 2025 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the “Company”) is pleased to announce it will extend the termination date of the Company a further five year period from December 1, 2025 to December 1, 2030.

    The term extension allows holders of FTN Class A Shares (“Class A Shares”) to continue to receive ongoing leveraged exposure to a portfolio consisting of high-quality financial services companies made up of Canadian and U.S. issuers, as well as receiving targeted monthly distributions. Since inception of the Company, Class A shareholders have received monthly distributions totaling $26.69 per share.

    Holders of the FTN.PR.A Preferred Shares (“Preferred Shares”) are expected to continue to benefit from cumulative preferential monthly distributions. The Preferred shareholders have received a total of $12.19 per share since inception.

    The extension of the term of the Company is not expected to be a taxable event and should enable shareholders to defer potential capital gains tax liability that would have otherwise been realized on the redemption of the Class A Shares or Preferred Shares at the end of the term, until such time as such shares are disposed of by shareholders.

    In connection with the extension, the Company will have the right to amend the minimum rate of cumulative preferential monthly dividends to be paid to the Preferred Shares for the five year renewal period, commencing December 1, 2025. Any change to the Preferred Share minimum dividend rate for the extended term will be based on market yields for preferred shares with similar terms at such time and will be announced no later than September 30, 2025. The Company has the right to establish the rate of cumulative preferential monthly dividends to be paid to the Preferred Shares on an annual basis, subject to the five year minimum rate.

    The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

             
    Investor Relations: 1-877-478-2372 Local: 416-304-4443 www.financial15.com info@quadravest.com

    The MIL Network –

  • MIL-OSI: Stifel Celebrates Mikaela Shiffrin’s Historic 100th Win With Donation to Her “MIK100” Initiative

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, Feb. 28, 2025 (GLOBE NEWSWIRE) — Stifel (NYSE: SF), the official team naming partner of the Stifel U.S. Alpine Ski Team, is proud to celebrate the 100th career World Cup victory for Mikaela Shiffrin this past weekend as she captured first place in slalom in Sestriere, Italy, by supporting her efforts to raise $100,000 for the Share Winter Foundation.

    Shiffrin broke the all-time record for World Cup wins (86) back in March 2023 and has continued to build on that incredible record before notching her historic 100th win on Sunday in Italy. This season, she picked up wins 98 and 99 in late fall, before an abdominal injury at the Stifel Killington Cup in Vermont sidelined her for nearly two months.

    The historic 100th win came as she led by just 0.09 seconds after the first run. But a clean and relaxed second run allowed Shiffrin to claim victory by .61 seconds over Croatia’s Zrinka Ljutic with Stifel U.S. Alpine Ski teammate Paula Moltzan placing third.

    In honor of the milestone, Stifel will contribute a $10,000 donation to Shiffrin’s “MIK100: Reset the Sport” initiative to support learn-to-ski programs for youths in partnership with the Share Winter Foundation.

    “Mikaela continues to raise the bar and set new standards, not just in skiing but in the history of sport,” said Stifel Chairman and CEO Ronald J. Kruszewski, who was in attendance in Killington when Shiffrin last had the 100 milestone in her sights. “To have her win number 100 by coming back from injury like she has with resilience and determination this winter is amazing to watch. And for Mikaela to use the milestone to raise money for learn-to-ski initiatives through the Share Winter Foundation is a testament to who she is as a person and athlete, looking to spread the passion and access to skiing to more people.”

    In recognition of her accomplishment, Stifel created a new broadcast spot celebrating the historic moment that will run nationally, highlighting the uniqueness of Shiffrin’s outsized talent yet humble character. There are also online digital and social executions with Stifel print ads celebrating Shiffrin set to run in select markets over the coming weeks as the World Cup circuit returns to North America in late March. Creative production was handled by Known, Stifel’s agency on the Stifel U.S. Ski Team partnership.

    “We are proud of our multiyear association with such an amazing athlete and global ambassador,” added Kruszewski. “Mikaela has changed the game and is building a legacy that goes beyond her results as she looks for ways to use this platform of 100 wins and create opportunities for others to engage in the sport.”

    Shiffrin and the rest of the women of the Stifel U.S. Alpine Ski Team have upcoming races in Norway, Sweden, and Italy before returning to the U.S. for the Stifel Sun Valley Finals in Sun Valley, Idaho, March 22-27, to finish the World Cup calendar for this season.

    Stifel Company Information
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners and Miller Buckfire business divisions; Keefe, Bruyette & Woods, Inc.; and Stifel Independent Advisors, LLC; in Canada through Stifel Nicolaus Canada Inc.; and in the United Kingdom and Europe through Stifel Nicolaus Europe Limited. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

    For further information,
    contact Brian Spellecy
    (314) 342-2000        

    The MIL Network –

  • MIL-OSI Canada: Province Seeks Feedback on New Online Mapping Tool for Developing Aquaculture

    Source: Government of Canada regional news

    The Province wants feedback on the design of a new online mapping tool that will help identify areas for possible aquaculture development.

    The new coastal classification mapping tool will screen coastal waters to determine where aquaculture could be possible, based on conditions and needs of farmed salmon, trout, oysters and mussels. The results can then be used to guide and inform the selection of specific areas for further investigation, which would include public input.

    “There is a tremendous opportunity for growth for aquaculture that will help meet the increasing demand for seafood, and we are going to do this responsibly,” said Kent Smith, Minister of Fisheries and Aquaculture. “The mapping tool will help provide a better understanding of where aquaculture could potentially happen in Nova Scotia – and where it likely will not happen.”

    The Centre for Marine Applied Research, a division of Perennia, is providing scientific support for the development of the aquaculture coastal classification system.

    More information and the online survey are at: https://novascotia.ca/coastal-classification-system-engagement/. The consultation ends March 15.

    Aquaculture – the farming of fish, shellfish and aquatic plants – is the fastest-growing food production method in the world and is essential for meeting a growing demand for seafood. It is a key growth opportunity for Nova Scotia.

    Quotes:

    “Aquaculture coastal classification serves as a crucial first step to understanding various influences on future aquaculture projects. The process can help identify areas needing more study and areas that could benefit from additional monitoring and data collection. By integrating spatial data into an online map, it becomes a comprehensive tool for understanding where sustainable aquaculture is possible and helping industry, stakeholders, government officials, scientists and the public access detailed information about aquaculture in Nova Scotia.”
    — Jenny Weitzman, research scientist, Centre for Marine Applied Research

    “We see the coastal classification system as a good tool for people looking to get into Nova Scotia’s aquaculture sector or expanding their farms into new areas. Folks can learn about our dynamic coastline and get base level data to better understand how their farm plans might work in one area over another. Any resource that provides solid data and promotes growth is positive for the sector.”
    — Jeff Bishop, Executive Director, Aquaculture Association of Nova Scotia

    Quick Facts:

    • the aquaculture industry employs almost 800 people and generates about $120 million every year for Nova Scotia’s economy
    • selecting a location for aquaculture development requires a comprehensive review
    • coastal areas will be assessed using set criteria such as water depth and temperature to determine possible suitability for growing salmon, trout, oysters and mussels
    • the coastal classification system is not a decision-making tool; its purpose is to share information that will be useful to industry, communities and others

    Additional Resources:

    Information about aquaculture and marine plants: https://novascotia.ca/fish/aquaculture/

    Centre for Marine Applied Research: https://cmar.ca

    Other than cropping, Province of Nova Scotia photos are not to be altered in any way.

    MIL OSI Canada News –

  • MIL-OSI Canada: Climate Change Funding for Seafood Companies; Another Call for Applications

    Source: Government of Canada regional news

    NOTE: The list of funding recipients and projects follows this release.

    Fourteen seafood companies and related organizations across the province are receiving funding to help reduce their carbon footprint.

    The projects, supported through the Fisheries and Aquaculture Energy Efficiency Innovation Fund, range from the first zero-emission electric lobster boat in Canada to solar power at lobster and bait facilities.

    “Addressing climate change continues to be a priority for our government,” said Kent Smith, Minister of Fisheries and Aquaculture. “Funding for these seafood organizations will help support our efforts to respond to climate change, reducing fossil fuel use and greenhouse gas emissions, as well as reduce costs for industry.”

    The fund is a $6.5-million, three-year program that supports new projects that reduce greenhouse gas emissions produced by boats, buildings and other commercial fisheries and aquaculture operations.

    The Province is now accepting applications for the fund’s second round. Examples of eligible projects include:

    • adapting emerging electric and hybrid technology for fishing vessels and fleets
    • installing renewable energy systems
    • reducing emissions through equipment upgrades and new technology
    • conducting research to enable future emission-reduction projects.

    The deadline for applications is April 11.

    Quotes:

    “The fisheries and aquaculture industry plays a vital role in Nova Scotia, generating significant economic benefits and employment opportunities across the province. Energy efficiency improves these economic benefits through cost reductions, helping organizations enhance long-term productivity and competitiveness. When organizations invest in energy efficiency, they can improve equipment lifespans, increase operational resilience and solidify their position as a global leader in the industry.”
    — Stephen MacDonald, President and CEO, EfficiencyOne

    “This fund represents a direct investment into members of the Nova Scotia Seafood Alliance and the seafood sector to reduce their bottom line by increasing efficiency, mitigating greenhouse gas emissions and reducing the biggest costs they have for operation – energy. At the same time, the reputational benefits of moving the industry to a low-emission model will elevate Nova Scotia seafood products above their competitors on the shelves in premium markets worldwide. This is a win-win for everyone involved.”
    — Kris Vascotto, Executive Director, Nova Scotia Seafood Alliance

    “The Province’s support to build and demonstrate the first all-electric lobster boat is an important step in developing Membertou’s sustainable fishery for future generations. The electric boat will play an important role in building trust in battery-electric propulsion as a viable solution for decarbonizing Canada’s commercial fishery.”
    — Chief Terry Paul, CEO, Membertou

    Quick Facts:

    • the Nova Scotia Fisheries and Aquaculture Loan Board will make available $10 million over three years in dedicated lending to support eligible applicants
    • the fund is a commitment in Our Climate, Our Future: Nova Scotia’s Climate Change Plan for Clean Growth
    • the Department of Energy provided $2 million to the fund

    Additional Resources:

    More information on the Fisheries and Aquaculture Energy Efficiency Innovation Fund is available at: https://www.efficiencyns.ca/business/business-types/agriculture/fisheries-and-aquaculture-energy-efficiency-innovation-fund/

    Fisheries and Aquaculture Loan Board lending program: https://nsfishloan.ca/energy-efficiency

    Our Climate, Our Future: Nova Scotia’s Climate Change Plan for Clean Growth: https://climatechange.novascotia.ca/sites/default/files/uploads/ns-climate-change-plan.pdf

    Approved projects:

    • Bill and Stanley Oyster Company Ltd. – $250,000 to implement an electric work boat and electric forklift at a shellfish farm
    • BMC Seafoods Limited – $100,000 to implement an energy-efficient heat exchanger that will reduce electricity costs at a live lobster holding facility
    • Brazil Rock Lobster Association – $100,000 to install solar and wind-power on 18-member lobster vessels
    • Glas Ocean Electric – $198,225 towards a data logging study on five harbours/wharves which will involve 20 vessels
    • Havre Boucher Seafoods Inc. – $250,000 to implement a fully electric aluminum work boat with vessel-to-grid charging capability at a shellfish farm
    • Ignite (Atlantic) – $150,000 toward a study to develop a marine electrification roadmap for the communities of Digby and Sheet Harbour
    • L. Walker Seafoods – $30,000 toward an energy efficient condenser with floating head pressure control at a live lobster holding facility
    • Little Harbour Fisheries – $9,848 to install solar panels and convert energy usage to a renewable source at a bait storage facility
    • Membertou Fisheries Inc. – $250,000 toward the first zero-emission electric lobster fishing boat in Canada
    • NovaShell Fisheries – $70,000 toward an energy-efficient heat exchanger with floating head pressure control at a new live lobster holding facility
    • R. Baker Fisheries Limited – $86,500 to install advanced refrigeration units that will reduce energy consumption at a seafood processing facility
    • Red Fish Blue Fish Incorporated – $14,871 to install a solar photovoltaic system with battery storage at a commercial bait storage facility
    • Strait of Canso Superport Corporation – $250,000 toward a charging station for electric vessels
    • Yarmouth Bar Fisheries – $50,000 toward solar installation that will result in a net-zero seafood processing/live holding facility
    Other than cropping, Province of Nova Scotia photos are not to be altered in any way

    MIL OSI Canada News –

  • MIL-OSI: AGM Group Holdings Inc. Announces Strategic Partnership with HashBeaver to Drive Blockchain and AI Innovation

    Source: GlobeNewswire (MIL-OSI)

    Beijing, Feb. 28, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, announced today a strategic partnership agreement (the “Agreement”) with HashBeaver, a cloud mining platform in the digital currency financial sector. This collaboration aims to join AGM Holdings’ mining resources in Canada alongside HashBeaver’s expertise in computing power services to advance innovations in Bitcoin mining and artificial intelligence (“AI”) services.

    The partnership marks a pivotal step in AGM Holdings’ strategy for sustainable growth and technological leadership. By integrating AGM Holdings’ robust infrastructure with HashBeaver’s innovative cloud mining solutions, the collaboration will focus on 1) increasing the scale and efficiency of Bitcoin mining operations; 2) developing AI-driven blockchain solutions; and 3) promoting sustainable and transparent practices within the industry.

    Pursuant to the Agreement, AGM Holdings and HashBeaver agree to harness AGM Holdings’ abundant mining resources in Canada to support large-scale Bitcoin mining initiatives. The partnership also plans to expand HashBeaver’s cloud computing capabilities to meet growing demand for sustainable and efficient solutions. Furthermore, the two companies aim to develop innovative AI and blockchain applications for diverse industries.

    Preliminary estimates suggest that the partnership could generate over 2 Exahash (EH)/s of additional computing power, significantly boosting both companies’ operational capacity.

    Dr. Zhu Bo, CEO of AGM Holdings, commented, “This partnership represents a significant milestone in AGM’s journey towards sustainable growth and innovation. By collaborating with HashBeaver, we believe we are well poised to deliver groundbreaking solutions in blockchain and AI, creating substantial value for both our shareholders and clients.”

    Harry Li, CEO of HashBeaver, added, “We are excited to join forces with AGM Holdings to enhance our cloud mining offerings and drive technological advancements in the blockchain space. This partnership will unlock new opportunities and fuel exceptional growth in the digital asset industry.”

    About HashBeaver

    HashBeaver is engaged in cloud mining services, dedicated to revolutionizing the digital currency landscape. The company provides solutions for digital asset management, catering to both individual and institutional clients. As a recipient of strategic investment from MinerVa Semiconductor, a cryptocurrency mining hardware manufacturer, HashBeaver continues to push the boundaries of innovation in computing power services. HashBeaver’s mission is to build secure, transparent, and compliant blockchain infrastructures. Through its global operations and strong emphasis on sustainability, HashBeaver empowers clients to achieve efficient and profitable digital asset management.

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    AGM Group Holdings Inc.
    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

  • MIL-OSI: AGF Investments Launches AGF Enhanced U.S. Income Plus Fund

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 28, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced the launch of AGF Enhanced U.S. Income Plus Fund, an alternative mutual fund that seeks to provide long-term capital appreciation and generate a high level of consistent income by investing in U.S. equity securities and employing dynamic options strategies such as put writing and covered call writing. The Fund may also use leverage, primarily through the use of derivatives.

    “Investors are seeking products that have the potential to provide higher income with lower volatility,” said Meaghan Kelly, Chief Marketing & Product Officer. “We believe alternative strategies, including flexible option writing strategies, are well-suited to meet this need.”

    AGF Enhanced U.S. Income Plus Fund offers:

    • Enhanced Monthly Income: Aims to pay a high fixed monthly target distribution.*
    • Alternative Strategy: Seeks to enhance yield while mitigating volatility using a flexible option writing strategy and the ability to incorporate leverage.
    • Portfolio Diversification: Potential to deliver a lower correlation to traditional asset classes through a differentiated strategy.

    * The target distribution is not guaranteed, may be adjusted from time to time at the discretion of the fund manager and may vary from payment to payment.

    Fund Details

    Fund Name Fundserv Code Currency Series Load Type
    AGF Enhanced U.S. Income Plus Fund AGF739 CAD MF FE
    AGF Enhanced U.S. Income Plus Fund AGF539 USD MF FE
    AGF Enhanced U.S. Income Plus Fund AGF5046 CAD F NL
    AGF Enhanced U.S. Income Plus Fund AGF5146 USD F NL
             

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $54 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

  • MIL-OSI USA: Governor Newsom partners with 21 Brazilian state governors to protect the environment, cut harmful pollution

    Source: US State of California 2

    Feb 27, 2025

    SACRAMENTO – California and a consortium of 21 Brazilian states are partnering together to combat pollution and foster sustainable economic growth. 

    Governor Gavin Newsom and Governor Renato Casagrande of the Brazilian state of Espírito Santo signed a Memorandum of Understanding (MOU) today that establishes a four-year partnership between California and the Brazilian consortium of states leading on environmental protections, Consórcio Brasil Verde (CBV).

    Together with these 21 Brazilian states, California is committed to advancing a bold, collaborative action plan that tackles pollution, protects public health and safety, and creates good-paying jobs.

    Governor Gavin Newsom

    This collaboration encompasses clean air, transportation and energy; adaptation; forest management; and more. The full text of the MOU is available here. R20 Regions of Climate Action – an organization founded by former Governor Arnold Schwarzenegger to support subnational climate work – played a key role in supporting this MOU.

    “This is a historic opportunity to join efforts and share knowledge between Brazilian states and California, which is a reference in combating climate change,” said Governor Renato Casagrande. “The partnership not only reaffirms our commitment to sustainability but also highlights the importance of active participation from everyone in building solutions that benefit our planet.”

    How we got here: California met its 2020 climate target six years ahead of schedule thanks to world-leading climate policies and partnerships across the U.S. and around the world, created to share best practices and support cooperation on climate work.

    • Last year, Governor Newsom welcomed a new international partnership with South Korea’s Gyeonggi Province to collaborate on climate and economic efforts. Also last year, Governor Newsom welcomed delegations from Sweden and Norway and signed renewed climate partnerships with the two governments.
    • In 2023, Governor Newsom led a California delegation to China, where California signed five MOUs – with China’s National Development and Reform Commission, the provinces of Guangdong and Jiangsu, and the municipalities of Beijing, and Shanghai. The trip also resulted in a first-of-its-kind declaration by China and California to cooperate on climate action like aggressively cutting greenhouse gas emissions, transitioning away from fossil fuels, and developing clean energy.
    • Also in 2023, California signed a MOU with the Chinese province of Hainan, as well as with Australia.
    • In 2022, California signed Memorandums of Cooperation with Canada, New Zealand and Japan, as well as Memorandums of Understanding with China and the Netherlands, to tackle the climate crisis. The Governor also joined with Washington, Oregon, and British Columbia to recommit the region to climate action.

    Press Releases, Recent News

    Recent news

    Feb 26, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced multiple clemency actions. He granted pardons in three cases. He also sent multiple clemency cases to the Board of Parole Hearings, initiating the process for granting clemency in fifteen cases. He also sent two…

    Feb 26, 2025

    News What you need to know: Governor Newsom today released a new economic vision for California’s future with a bold plan, realized locally. The unveiling comes alongside the announcement of more than $245 million in investments to help support workers statewide,…

    Feb 25, 2025

    News What you need to know: Governor Newsom today issued a statement in response to the Trump administration’s announcement that it had released more than $315 million of obligated money to create new water storage at the future Sites Reservoir and at the existing San…

    MIL OSI USA News –

  • MIL-OSI United Nations: 28 February 2025 Donors making a difference: community engagement to promote, provide and protect the health and well-being of all

    Source: World Health Organisation

    WHO defines community engagement as “a process of developing relationships that enable stakeholders to work together to address health-related issues and promote well-being to achieve positive health impact and outcomes”.

    WHO’s partners and donors support the Organization to work in this area as there are undeniable benefits to engaging communities in promoting health and well-being. At its core, community engagement enables changes in behaviour, environments, policies, programmes and practices within communities.

    Below are some country stories that demonstrate the breadth of community engagement work that WHO conducts, resulting in more positive health outcomes for the people in these communities than before.

    Uganda trains district health workers on community-based approach to Ebola

    Uganda trains Community Health workers from Kole, Mukono and Wakiso districts on community-based approach to Ebola. Photo by: WHO/Sadat Kamugisha 

    Uganda’s Ministry of Health conducted a training on Ebola disease detection and management for Community Health Workers representatives from Kole, Wakiso, and Mukono districts. Participants focused on multi-sectoral action to safeguard communities from emerging zoonotic diseases with pandemic potential such as Ebola.

    Communities play an integral role in raising awareness, supporting case identification, tracing contacts, and maintaining essential health services. The emphasis on collaboration with local leaders, volunteers, and health workers is vital for effective responses to public health emergencies. Building on lessons learned from past health crises, Uganda has already made substantial advancements in emergency preparedness.

    The three-day event was supported by WHO, and the UK Public Health Rapid Support Team (UK-PHRST), which is a UK aid project funded by the Department of Health and Social care. The community protection approach is a central component of WHO’s new Health emergency prevention, preparedness, response, and resilience framework.

    Visit the WHO/Uganda web page to read the full story.

    Community engagement for access to health services in Lao PDR

    CONNECT team members discuss community health priorities in Khammouane Province, Lao PDR. Photo by: WHO/Enric Catala

    Developed by the Lao Ministry of Health and Ministry of Home Affairs in response to COVID-19 with the support of WHO and partners, the CONNECT initiative enhances local governance and community engagement for equitable access to public services, particularly health.

    Supported by USAID, the Australian Government and Luxembourg, as of July 2024, CONNECT reached over 230 villages across 10 provinces (including Vientiane Capital) and support already in-place for expansion to all provinces.

    An external evaluation of implementation in 12 villages found an increase in essential service uptake for maternal health and improved attitudes towards using primary care; increased trust in health providers; increased sense of ownership of health at community level; and increased vaccination uptake and confidence, especially among ethnic groups and previously unreached communities.

    Visit the WHO/WPRO web page to read the full story.

    Côte d’Ivoire community radios boost public awareness on mpox outbreak

    Community radios, pillar of the fight against mpox. Photo by: WHO/Toiherou De Marfere Sidibe

    A network of community radio stations, known as Radio Santé, comprises 350 stations in West African, with over half based in Côte d’Ivoire. Launched in 2020 during the COVID-19 pandemic with major support from WHO, Radio Santé has become a preferred channel for disseminating reliable, verified health information. It brings together nearly 1000 journalists and communications specialists.

    Radio Santé is an interactive and accessible tool for mobilizing communities around health issues, throughout Côte d’Ivoire and across borders. Health authorities use Radio Santé to counter rumours and misinformation, and to strengthen community engagement, which is crucial to curbing the spread of diseases such as mpox.

    After WHO declared mpox as a public health emergency of international concern in August 2024, Radio Santé devoted its health talk show to mpox. 185 Ivorian community radio stations have since broadcasted messages on mpox. Over 50 programmes have been produced and broadcast in eight countries: Benin, Burkina Faso, Chad, Guinea, Mali, Niger, Senegal and Togo.

    Visit the WHO/Côte d’Ivoire web page to read the full story.

    Bolivia strengthens social participation in health for indigenous population

    Indigenous organizations are clear about their requests. They want free and equitable access to health care, an improved indigenous health network, incorporation of traditional medicine, and the consideration of the indigenous population’s culture, customs, and practices. Photo by: WHO/PAHO

    The Ministry of Health and Sports of Bolivia is engaging indigenous populations in community participation processes, creating space for them to discuss health topics, share concerns, and contribute to a health improvement plan.

    The meaningful inclusion and engagement of indigenous populations in health policy planning, taking into account the social determinants of health, is critical to ensure context-specific interventions, uptake of guidance and services, and positive health outcomes for all.

    PAHO/WHO, through the Universal Health Coverage Partnership, has supported the Ministry of Health and Sports of Bolivia in this endeavour since 2021. The UHC Partnership operates in over 125 countries, representing over 3 billion people. It is supported and funded by Belgium, Canada, the European Union, France, Germany, Ireland, Luxembourg, Japan, the United Kingdom of Great Britain and Northern Ireland, and WHO

    Visit the PAHO/AMRO web page to read the full story.

    Weaving hope in Honduras: the community wisdom that saves lives

    Maternal health in Honduras Hermelinda shares her experience. Photo by: WHO/Honduras

    In Honduras, high rates of maternal and neonatal mortality are often the result of multiple factors, including socioeconomic barriers, lack of access to adequate healthcare services, gaps in education and awareness about maternal and child health, and cultural differences.

    Hermelinda Hernández, who is familiar with the local practices and beliefs of her community and also recognizes the value of professional medical interventions, participated in the “Knowledge Dialogues Methodology” workshop organized by the Honduran Ministry of Health with the support of PAHO/WHO and funded by Global Affairs Canada.

    The workshop aimed to promote mutual understanding between midwives and healthcare providers to reach agreements that improve the health of women, and adolescent girls in situations of vulnerability within the community.

    Visit the PAHO/AMRO web page to read the full story.

    Grassroots heroes in Cambodia

    Mrs Say Sa with her Baby in Cambodia’s Principal of Health Centre Kok Chuk. Photo by: Aforative media

    In Cambodia, village chiefs stepped up to create a healthier future for their communities. In villages across 25 provinces, 2000 village chiefs and nearly 5400 village health support groups received trainings, organised by the Ministry of Heath with support from WHO and the EU.

    This equipped the chiefs with knowledge and skills necessary to control transmission of COVID-19, influenza, and other respiratory diseases, and collaborate with authorities more closely on health issues facing their communities.

    The chiefs then shared their newfound knowledge during community dialogues, which then transformed how community members adopted healthier practices. Empowered with accurate information, communities embraced protective measures during times of high COVID-19 transmission.

    Visit the WHO/WPRO web page to read the full story, and more on EU’s support to WHO in ASEAN region.

    Bolstering public awareness to help curb mpox spread in Uganda

    Dr Kenneth Kabali, WHO Field Coordinator for Busoga Sub-region sensitizes the community on mpox in Mayuge district, Eastern Uganda. Photo by: WHO/Abdu Mutwalibu Seguya

    Uganda witnessed an upsurge in mpox cases, with laboratory-confirmed cases increasing from 24 as of 21 September to 413 as of 7 November 2024. Health authorities, with support from WHO and partners, worked closely with communities to raise awareness about the dangers of the disease and how to stay safe, and address misinformation and stigma.

    The risk communication and community engagement team reached more than 100 fishmongers, fisherfolk, boda boda (motorbike taxi) riders, 8000 school children and 30 sex workers. In addition, 500 teachers in the district have been oriented on mpox.

    WHO is also using mass media to expand the reach of mpox response communication. With funding from USAID, WHO has contracted 10 regional radio stations and 2 national TV stations to raise awareness and promote preventative behaviour.

    Visit the WHO/AFRO web page to read the full story.

    Combating measles: a comprehensive community-centred approach in Ethiopia

    Combating measles, a comprehensive community-centred approach in Ethiopia. Photo by: WHO/Hassen Ali

    In the districts of Sidama, Central, and South Ethiopia, access to healthcare is often challenging, exacerbated by various health emergencies. A community-led initiative made remarkable progress in combating measles, malaria, and malnutrition through collaborative efforts between local health facilities, community health workers, and government agencies.

    The initiative received significant financial support from the European Civil Protection and Humanitarian Aid Operations (ECHO) bolstering community-based intervention efforts.

    By leveraging collaboration between healthcare facilities, community health workers, and local communities, this initiative represents a beacon of hope in improving healthcare access and outcomes in regions of Ethiopia.

    Visit the WHO/Ethiopia web page to read the full story.

    WHO races to contain malaria resurgence in southeastern Iran

    Malaria resurgence in Iran. Photo by: WHO/Iran

    A race against time is underway in southeastern Iran, where the resurgence of malaria threatens to undo years of progress. The dramatic rise in cases has been attributed to the devastating floods in neighbouring Pakistan in September 2022 which led to an expansion of malaria breeding sites.

    WHO, with crucial support from the Government of Japan, is on the ground in Sistan and Baluchestan Province, battling this public health emergency and working to protect vulnerable communities. Japan’s generous contribution provided 4902 mosquito dome tents offering families protection from infected mosquitos, 50 000 malaria rapid diagnostic tests enabling health care workers to quickly identify and treat infected individuals, and 1655 kg of insecticides, deployed to contain mosquito populations at their source. The combined resources are estimated to benefit 77 400 people in the province.

    In December 2024, a WHO mission observed a proactive approach to malaria control demonstrated by local health workers as they conducted house-to-house screenings, distributed mosquito nets and educated communities on how to use them.

    Visit the WHO/Iran web page to read the full story.

    Mali: screening for malnutrition in affected children to avoid complications

    Screening for malnutrition in affected children to avoid complications, Mali. Photo by: WHO/Razzack Saizonou

    Malnutrition among children is one of the main health problems that the affected populations of Ségou had to face after severe floods hit Mali between July and October 2024. Having lost everything including their food reserves and their means of subsistence, people found themselves in a very precarious situation.

    Among the more than 370,000 people affected by these floods, children, who represent 45% of the affected population, are particularly vulnerable. To enable access to health care, WHO, with thanks to the Central Emergency Response Fund, supported the deployment of mobile clinics on relocation sites.

    In the Ségou region, three sites were set up and equipped with medical tents. Medical staff go there five times a month. Between July and October 2024, nearly 700 children suffering from malnutrition were identified in the three health districts of the Ségou region.

    Visit the WHO/Mali web page to read the full story in French.

    Effective community engagement saving lives in Tanzania during cholera outbreak

    Abdul Zachari, a young man is washing his hands. Photo by: WHO/Clemence Eliah

    The recurrence of Cholera outbreaks has been a threat to many lives in the United Republic of Tanzania for decades now. In mid-2024, situation reports from the Ministry of Health indicated that, the outbreak have been reported in 19 regions of Tanzania Mainland. Thanks to flexible funding available for responding to outbreaks such as this, WHO has been able to support the Government’s efforts to control cholera outbreaks. Risk Communications and Community Engagement (RCCE) Experts worked on the ground delivering an intensive community sensitization in over 92 households and 32 villages . The joint and community-based action plan against Cholera outbreak was built jointly, this way enhancing 54 community members and local authorities from the affected wards and districts. The community engagement strategies adopted generate local solutions tailored to control and prevent further transmissions in these areas. In addition, WHO applied behavioral science approaches to guide tailored interventions to community protection and resilience – and as a result, enhancing many lives in Tanzania.

    Visit the WHO/Tanzania web page to read the full story.

    * * * *

    Read more about the WHO’s community engagement work.

    The donors and partners acknowledged in this story are (in alphabetical order) Australia, Belgium, Canada, the European Union (ECHO), France, Germany, Ireland, Luxembourg, Japan, the United Kingdom of Great Britain and Northern Ireland, United Nations Central Emergency Response Fund, and the USA Agency for International Development.

    WHO’s work is made possible through all contributions of our Member States and partners. WHO thanks all donor countries, governments, organizations and individuals who are contributing to the Organization’s work, with special appreciation for those who provide fully flexible contributions to maintain a strong, independent WHO.

    MIL OSI United Nations News –

  • MIL-OSI: Boralex reports net earnings of $74 million for fiscal 2024 and continues construction of its large-scale projects in Québec, Ontario and the United Kingdom

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 28, 2025 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Corporation”) (TSX: BLX) is pleased to report its results for the three-month period and year ended December 31, 2024.

    Highlights
    Financial results

    • EBITDA(A)1, operating income and net earnings under pressure in Q4-2024 owing to adverse wind and hydropower conditions
      • Production 16% (11% on a Combined1 basis)2 lower than in Q4-2023 and 16% (12%) below anticipated production1, due primarily to the adverse climate conditions. For fiscal 2024 overall, production was 5% (2%) lower than in 2023 and 10% (8%) below anticipated production.
      • EBITDA(A) of $169 million ($191 million) for Q4-2024, down $33 million ($38 million) from Q4-2023. For fiscal 2024, EBITDA(A) was $581 million ($670 million), up $3 million (down $5 million) from 2023. The decrease in production was partly offset by the contribution of newly commissioned sites in France and the positive impact of the electricity selling price optimization strategy.
      • Operating income of $78 million ($53 million) for Q4-2024, down $20 million ($66 million) from Q4-2023. For fiscal 2024, operating income totalled $226 million ($267 million), unchanged (down $39 million) from 2023.
      • Net loss of $2 million in Q4-2024, down $60 million from T4-2023. For fiscal 2024, net earnings amounted to $74 million, $41 million lower than in 2023. Excluding the impairment of an asset, net earnings would have been $6 million higher in fiscal 2024 compared to fiscal 2023.
    • Lower cash flow related to operating activities for the quarter but balance sheet remains strong
      • Net cash flows related to operating activities of $31 million for Q4-2024 and $215 million for fiscal 2024, compared to $107 million for Q4-2023 and $496 million for fiscal 2023.
      • Discretionary cash flows1 of $47 million for Q4-2024 and $158 million for fiscal 2024, down $44 million from Q4-2023 and $26 million from fiscal 2023.
      • Boralex has $592 million in cash and cash equivalents and $523 million in available cash resources and authorized financing1 as at December 31, 2024.
      • A record of nearly $1.2 billion in project financing, bridge financing and letter of credit facilities obtained in 2024.

    Update on development and construction activities

    • Portfolio of projects under development and growth path totalling 8,005 MW in the high growth potential markets of Canada, the United States, the United Kingdom and France, 1,227 MW or 18% higher than in 2023
    • Progress in under-construction and ready-to-build projects
      • Start of electrification of the Limekiln wind farm in the United Kingdom (106 MW) in February 2025, with full commissioning planned for early April, and work continues on the Apuiat wind farm in Quebec (total 200 MW, Boralex’s share 100 MW), with commissioning planned for the first half of 2025.
      • Construction of the Hagersville (300 MW) and Tilbury (80 MW) storage projects in Ontario progressing on schedule, with commissioning planned for the fourth quarter of 2025. Financings closed in December 2024.
      • Start of work on the Des Neiges Sud wind project in Quebec (total 400 MW, Boralex’s share 133 MW), with commissioning scheduled for 2026.
    • Acquisition of the Clashindarroch Wind Farm Extension project in the United Kingdom, with an installed capacity of 145 MW, and the adjacent battery energy storage system (BESS) with a maximum capacity of 50 MW, for a total capacity of 195 MW. Boralex has a 50% interest, but has control over the project and will fully consolidate the results in the financial statements.
    1 EBITDA(A) is a total of segment measures. Anticipated production is an additional financial measure. “Combined,” “discretionary cash flows” and “available cash resources and authorized financing” are non-GAAP financial measures and do not have a standardized definition under IFRS. Consequently, these measures may not be comparable to similar measures used by other companies. For more details, see the Non-IFRS financial measures and other financial measures section of this press release.
    2 Figures in brackets indicate results on a Combined basis as opposed to a Consolidated basis.
       

    “The year 2024 proved to be full of challenges, which our employees met head-on. I would highlight in particular the significant effort our team invested in 2024 to secure nearly $1.2 billion in financing, a record for Boralex, on very good terms. Despite high volatility in the financial markets and pressure on the stock prices of renewable energy companies, notably in the wake of the American elections, we are convinced that renewable energy development will continue in many regions. Strong growth in electricity demand is expected in the regions where we are developing wind and solar farms and battery storage systems, namely Canada, the United Kingdom, the United States and France,” said Patrick Decostre, President and Chief Executive Officer of Boralex.

    Renewable energy, which is the most competitive type of energy, can be brought on line to meet demand much faster than other types of energy. Boralex is in a position to capitalize on its project pipeline and growth path, which now represent more than 8 GW of power, and will continue to develop key projects with rates of return in line with its targets.

    “Boralex saw its financial results decline in fiscal 2024, mainly as a result of adverse wind conditions in France and to a lesser extent in Canada, as well as impairment of an asset. During the year, we continued to implement our various initiatives aimed at optimizing administrative, financial and development costs. We ended our 2024 financial year with net earnings of $74 million, a strong balance sheet and good financial flexibility, with over $500 million in available cash resources and authorized financing,” Mr. Decostre added.

    Boralex continues to excel on the corporate social responsibility front. In 2024, the Corporation announced that it was one of the few in the industry to have had its greenhouse gas emission reduction targets validated by the Science Based Targets initiative (SBTi). This recognition shows Boralex’s commitment to achieving net zero emissions by 2050. In addition, Boralex ranked 94th out of the 215 S&P/TSX Composite Index companies and trusts analysed as part of The Board Games, with a score of 80/100, while in 2023 it was 102nd with a score of 76. Finally, Boralex placed 15th in the ranking of Canada’s 50 best corporate citizens, out of the 340 leading Canadian organizations analysed.

    4th quarter highlights

    Three-month periods ended December 31

      Consolidated Combined
    (in millions of Canadian dollars, unless otherwise specified)   2024     2023 Change   2024     2023 Change
            $   %           $   %  
    Power production (GWh)1   1,520     1,814   (294 ) (16 )   2,099     2,351   (252 ) (11 )
    Revenues from energy sales and feed-in premium   228     315   (87 ) (28 )   258     345   (87 ) (25 )
    Operating income   78     98   (20 ) (21 )   53     119   (66 ) (55 )
    EBITDA(A)   169     202   (33 ) (17 )   191     229   (38 ) (17 )
    Net earnings (loss)   (2 )   58   (60 ) >(100 )    (2 )   58   (60 ) >(100 )
    Net earnings (loss) attributable to shareholders of Boralex   (16 )   37   (53 ) >(100 )    (16 )   37   (53 ) >(100 )
    Per share – basic and diluted   ($0.15 ) $0.36   ($0.51 ) >(100 )    ($0.15 ) $0.36   ($0.51 ) >(100 )
    Net cash flows related to operating activities   31     107   (76 ) (71 )   —     —   —   —  
    Cash flows from operations2   105     161   (56 ) (35 )   —     —   —   —  
    Discretionary cash flows   47     91   (44 ) (48 )   —     —   —   —  
                                             

    In the fourth quarter of 2024, Boralex produced 1,520 GWh (2,099 GWh) of power, 16% (11%) less than the 1,814 GWh (2,351 GWh) produced in the same quarter of 2023. The decrease was mainly attributable to adverse weather conditions. As a result, Boralex ended the quarter with total production that was 16% (12%) below anticipated production.

    Revenues from energy sales and feed-in premiums for the three-month period ended December 31, 2024, amounted to $228 million ($258 million), 28% (25%) lower than in the fourth quarter of 2023. The decrease was mainly attributable to the lower production. EBITDA(A) amounted to $169 million ($191 million), down 17% (17%) from the fourth quarter of 2023. The decline in production was partly offset by the contribution of new assets commissioned in France and the positive impact of the electricity selling price optimization strategy. Operating income totalled $78 million ($53 million), compared to $98 million ($119 million) for the same quarter of 2023. The Company posted a net loss of $2 million, which represents a $60 million decrease from the $58 million in net earnings reported for the fourth quarter of 2023.

    1 Power production includes the production for which Boralex received financial compensation following power generation limitations as management uses this measure to evaluate the Corporation’s performance. This adjustment facilitates the correlation between power production and revenues from energy sales and feed-in premium.
    2 The cash flows from operations is a non-GAAP financial measure and does not have a standardized meaning under IFRS. Accordingly, it may not be comparable to similarly named measures used by other companies. For more details, see the Non-IFRS and other financial measures section of this press release.
       

    Years ended December 31

      Consolidated Combined

    (in millions of Canadian dollars, unless otherwise specified)

    		   2024   2023 Change   2024   2023 Change
            $   %           $   %  
    Power production (GWh)1   5,691   5,973   (282 ) (5 )   7,845   8,020   (175 ) (2 )
    Revenues from energy sales and feed-in premium   817   994   (177 ) (18 )   933   1,104   (171 ) (15 )
    Operating income   226   226   —   —     267   306   (39 ) (12 )
    EBITDA(A)   581   578   3   —     670   675   (5 ) (1 )
    Net earnings   74   115   (41 ) (35 )   74   115   (41 ) (35 )
    Net earnings attributable to shareholders of Boralex   36   78   (42 ) (54 )   36   78   (42 ) (54 )
    Per share – basic and diluted $0.35 $0.76 ($0.41 ) (54 ) $0.35 $0.76 ($0.41 ) (54 )
    Net cash flows related to operating activities   215   496   (281 ) (57 )   —   —   —   —  
    Cash flows from operations   415   445   (30 ) (7 )   —   —   —   —  
    Discretionary cash flows   158   184   (26 ) (14 )   —   —   —   —  
      As at
    Dec. 31    		 As at
    Dec. 31    		 Change As at
    Dec. 31    		 As at
    Dec. 31    		 Change
            $   %           $   %  
    Total assets   7,604   6,574   1,030   16     8,476   7,304   1,172   16  
    Debt – principal balance   4,032   3,327   705   21     4,588   3,764   824   22  
    Total project debt   3,608   2,844   764   27     4,166   3,281   885   27  
    Total corporate debt   424   483   (59 ) (12 )   424   483   (59 ) (12 )
                                         

    For the year ended December 31, 2024, Boralex produced 5,691 GWh (7,845 GWh) of power, less than the 5,973 GWh (8,020 GWh) produced during the same period in 2023. Revenues from energy sales and feed-in premiums for the financial year ended December 31, 2024, amounted to $817 million ($933 million), down $177 million ($171 million) or 18% (15%) from the same period in 2023.

    EBITDA(A) amounted to $581 million ($670 million), up $3 million (down $5 million) from the same period last year. Operating income totalled $226 million ($267 million), essentially unchanged (down $39 million) from the same period in 2023. Overall, Boralex posted net earnings of $74 million ($74 million) for the financial year ended December 31, 2024, compared to $115 million ($115 million) for fiscal 2023.

    1 Power production includes the production for which Boralex received financial compensation following power generation limitations imposed by its customers since management uses this measure to evaluate the Corporation’s performance. This adjustment facilitates the correlation between power production and revenues from energy sales and feed-in premiums.
       

    Outlook

    Boralex’s 2025 Strategic Plan is built around the same four strategic directions as the plan launched in 2019 – growth, diversification, customers and optimization – and six corporate targets. The details of the plan, which also sets out Boralex’s corporate social responsibility strategy, are found in the Corporation’s annual report. Highlights of the main achievements for the 2024 financial year in relation to the 2025 Strategic Plan can be found in the 2024 Annual Report, in the Investors section of the Boralex website.

    In the coming quarters, Boralex will continue to work on its various initiatives under the strategic plan, including project development, analysis of acquisition targets and optimization of power sales and operating costs. The Corporation will present a new plan for the period to 2030 during the course of 2025.

    Finally, to fuel its organic growth, the Corporation has a portfolio of projects under development and growth path based on clearly identified criteria, totalling more than 8 GW of wind, solar and energy storage projects.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit www.boralex.com or www.sedarplus.ca. Follow us on Facebook and LinkedIn.

    Non-IFRS measures
    Performance measures

    In order to assess the performance of its assets and reporting segments, Boralex uses performance measures. Management believes that these measures are widely accepted financial indicators used by investors to assess the operational performance of a company and its ability to generate cash through operations. The non-IFRS and other financial measures also provide investors with insight into the Corporation’s decision making as the Corporation uses these non-IFRS financial measures to make financial, strategic and operating decisions. The non-IFRS and other financial measures should not be considered as substitutes for IFRS measures.

    These non-IFRS and other financial measures are derived primarily from the audited consolidated financial statements, but do not have a standardized meaning under IFRS; accordingly, they may not be comparable to similarly named measures used by other companies. Non-IFRS and other financial measures are not audited. They have important limitations as analytical tools and investors are cautioned not to consider them in isolation or place undue reliance on ratios or percentages calculated using these non-IFRS financial measures.

    Non-IFRS financial measures
    Specific financial
    measure    		 Use Composition Most directly
    comparable IFRS
    measure
    Financial data – Combined (all disclosed financial data) To assess the operating performance and the ability of a company to generate cash from its operations and investments in joint ventures and associates. Results from the combination of the financial information of Boralex Inc. under IFRS and the share of the financial information of the Interests.

    Interests in the Joint Ventures and associates, Share in earnings (losses) of the Joint Ventures and associates and Distributions received from the Joint Ventures and associates are then replaced with Boralex’s respective share in the financial statements of the Interests (revenues, expenses, assets, liabilities, etc.)

    		 Respective financial data – Consolidated
    Discretionary cash flows To assess the cash generated from operations and the amount available for future development or to be paid as dividends to common shareholders while preserving the long-term value of the business.

    Corporate objectives for 2025 from the strategic plan.

    		 Net cash flows related to operating activities before “change in non-cash items related to operating activities,” less
    (i) distributions paid to non-controlling shareholders;
    (ii) additions to property, plant and equipment (maintenance of operations);
    (iii) repayments on non-current debt (projects) and repayments to tax equity investors;
    (iv) principal payments related to lease liabilities;
    (v) adjustments for non-operational items; plus
    (vi) development costs (from the statement of earnings).    		 Net cash flows related to operating activities
    Cash flows from operations To assess the cash generated by the Company’s operations and its ability to finance its expansion from these funds. Net cash flows related to operating activities before changes in non-cash items related to operating activities. Net cash flows related to operating activities
    Non-IFRS financial measures
    Specific financial
    measure    		 Use Composition Most directly
    comparable IFRS
    measure
    Available cash and cash equivalents To assess the cash and cash equivalents available, as at balance sheet date, to fund the Corporation’s growth. Represents cash and cash equivalents, as stated on the balance sheet, from which known short-term cash requirements are excluded. Cash and cash equivalents
    Available cash resources and authorized financing To assess the total cash resources available, as at balance sheet date, to fund the Corporation’s growth. Results from the combination of credit facilities available to fund growth and the available cash and cash equivalents. Cash and cash equivalents
    Other financial measures – Total of segments measure
    Specific financial measure Most directly comparable IFRS measure
    EBITDA(A) Operating income
    Other financial measures – Supplementary Financial Measures
    Specific financial measure Composition
    Credit facilities available for growth The credit facilities available for growth include the unused tranche of the parent company’s credit facility, apart from the accordion clause, as well as the unused tranche credit facilities of subsidiaries which includes the unused tranche of the credit facility- France and the unused tranche of the construction facility.
    Anticipated production For older sites, anticipated production by the Corporation is based on adjusted historical averages, planned commissioning and shutdowns and, for all other sites, on the production studies carried out.
       

    Combined

    The following tables reconcile Consolidated financial data with data presented on a Combined basis:

        2024     2023  
    (in millions of Canadian dollars) Consolidated   Reconciliation(1)   Combined   Consolidated  Reconciliation(1) Combined  
    Three-month periods ended December 31:              
    Power production (GWh)(2) 1,520   579   2,099   1,814 537 2,351  
    Revenues from energy sales and feed-in premium 228   30   258   315 30 345  
    Operating income 78   (25 ) 53   98 21 119  
    EBITDA(A) 169   22   191   202 27 229  
    Net earnings (loss) (2 ) —   (2 ) 58 — 58  
    Years ended December 31:                    
    Power production (GWh)(2) 5,691   2,154   7,845   5,973 2,047 8,020  
    Revenues from energy sales and feed-in premiums 817   116   933   994 110 1,104  
    Operating income 226   41   267   226 80 306  
    EBITDA(A) 581   89   670   578 97 675  
    Net earnings 74   —   74   115 — 115  
      As at December 31, 2024
    		   As at December 31, 2023
    		  
    Total assets 7,604   872   8,476   6,574 730 7,304  
    Debt – Principal balance 4,032   556   4,588   3,327 437 3,764  
    (1) Includes the respective contribution of joint ventures and associates as a percentage of Boralex’s interest less adjustments to reverse recognition of these interests under IFRS. This contribution is attributable to the North America segment’s wind farms and includes corporate expenses of $2 million under EBITDA(A) for the year ended December 31, 2024 ($2 million as at December 31, 2023). 
    (2) Includes compensation following electricity production limitations.
       

    EBITDA(A)

    EBITDA(A) is a total of segment financial measures and represents earnings before interest, taxes, depreciation and amortization, adjusted to exclude other items such as acquisition and integration costs, other losses (gains), net loss (gain) on financial instruments and foreign exchange loss (gain), with the last two items included under Other.

    EBITDA(A) is used to assess the performance of the Corporation’s reporting segments.

    EBITDA(A) is reconciled to the most comparable IFRS measure, namely, operating income, in the following table:

      2024       2023   Change 2024 vs 2023
    (in millions of Canadian dollars) Consolidated Reconciliation(1) Combined Consolidated Reconciliation(1) Combined Consolidated   Combined
    		  
    Three-month periods ended December 31:            
    EBITDA(A) 169   22   191   202   27   229   (33 ) (38 )
    Amortization (73 ) (15 ) (88 ) (75 ) (14 ) (89 ) 2   1  
    Impairment —   (47 ) (47 ) (20 ) (1 ) (21 ) 20   (26 )
    Other gains (losses) (3 ) —   (3 ) 1   (1 ) —   (4 ) (3 )
    Share in earnings of joint ventures and associates (3 ) 3   —   (17 ) 17   —   14   —  
    Change in fair value of a derivative included in the share in earnings of a joint venture —   —   —   7   (7 ) —   (7 ) —  
    Impairment included in the share in earnings of a joint venture (12 ) 12   —   —   —   —   (12 ) —  
    Operating income 78   (25 ) 53   98   21   119   (20 ) (66 )
                 
    Years ended December 31:            
    EBITDA(A) 581   89   670   578   97   675   3   (5 )
    Amortization (297 ) (59 ) (356 ) (293 ) (58 ) (351 ) (4 ) (5 )
    Impairment (5 ) (47 ) (52 ) (20 ) (1 ) (21 ) 15   (31 )
    Other gains 5   —   5   1   2   3   4   2  
    Share in earnings of joint ventures and associates (46 ) 46   —   (59 ) 59   —   13   —  
    Change in fair value of a derivative included in the share in earnings of a joint venture —   —   —   19   (19 ) —   (19 ) —  
    Impairment included in the share in earnings of a joint venture (12 ) 12   —   —   —   —   (12 ) —  
    Operating income 226   41   267   226   80   306   —   (39 )
    (1) Includes the respective contribution of joint ventures and associates as a percentage of Boralex’s interest less adjustments to reverse recognition of these interests under IFRS.
       

    Cash flow from operations and discretionary cash flows

    The Corporation computes the cash flow from operations and discretionary cash flows as follows:

      Consolidated
      Three-month periods ended Years ended
      December 31 December 31
    (in millions of Canadian dollars) 2024   2023   2024   2023  
    Net cash flows related to operating activities 31   107   215   496  
    Change in non-cash items relating to operating activities 74   54   200   (51 )
    Cash flows from operations 105   161   415   445  
    Repayments on non-current debt (projects)(1) (53 ) (50 ) (240 ) (232 )
    Adjustment for non-operating items(2) 5   2   7   6  
      57   113   182   219  
    Principal payments related to lease liabilities(3) (6 ) (4 ) (19 ) (17 )
    Distributions paid to non-controlling shareholders(4) (17 ) (33 ) (52 ) (57 )
    Additions to property, plant and equipment (maintenance of operations)(5) (3 ) 2   (10 ) (6 )
    Development costs (from statement of earnings)(6) 16   13   57   45  
    Discretionary cash flows 47   91   158   184  
    (1) Includes repayments on non-current debt (projects) and repayments to tax equity investors, and excludes VAT bridge financing, early debt repayments and repayments under the construction facility – Boralex Energy Investments portfolio and the CDPQ Fixed Income Inc. term loan.
    (2) For the years ended December 31, 2024 and December 31, 2023, favourable adjustment consisting mainly of acquisition, integration and other non-operating miscellaneous items.
    (3) Excludes the principal payments related to lease liabilities for projects under development and construction.
    (4) Comprises distributions paid to non-controlling shareholders as well as the portion of discretionary cash flows attributable to the non-controlling shareholder of Boralex Europe Sàrl.
    (5) Excludes the additions to the property, plant and equipment of regulated assets (treated as assets under construction since they are regulated assets for which investments in the plant are considered in the setting of its electricity selling price). During the fourth quarter of 2023, an amount of $4 million was reclassified as new property, plant, and equipment under construction.
    (6) During Q1-2024, the Corporation reclassified the employee benefits for 2023 and 2024 related to its incentive plans, which were reported in full under Operating expenses in the consolidated statements of earnings. To better allocate these expenses to the Corporation’s various functions and thus provide more relevant information to users of the financial statements, the Corporation is now allocating these costs to Operating, Administrative and Development expenses in the consolidated statements of earnings according to the breakdown of staff. This change resulted in a $1 million increase in development costs for the three-month period ended December 31, 2023 and $5 million increase for the year ended December 31, 2023.
       

    Available cash and cash equivalents and available cash resources and authorized financing

    The Corporation defines available cash and cash equivalents as well as available cash resources and authorized financing as follows:

      Consolidated
      As at December 31   As at December 31  
    (in millions of Canadian dollars) 2024   2023  
    Cash and cash equivalents 592   478  
    Cash and cash equivalents held by entities subject to project debt agreement and restrictions(1) (526 ) (388 )
    Bank overdraft (5 ) (6 )
    Available cash and cash equivalents 61   84  
    Credit facilities available for growth 462   463  
    Available cash resources and authorized financing 523   547  
    (1) This cash can be used for the operations of the respective projects, but is subject to restrictions for non-project related purposes under the credit agreements.
       

    Disclaimer regarding forward-looking statements

    Certain statements contained in this release, including those related to results and performance for future periods, installed capacity targets, EBITDA(A) and discretionary cash flows, the Corporation’s strategic plan, business model and growth strategy, organic growth and growth through mergers and acquisitions, obtaining an investment grade credit rating, payment of a quarterly dividend, the Corporation’s financial targets, the projects commissioning dates, the portfolio of renewable energy projects, the Corporation’s Growth Path, the bids for new storage and solar projects and its Corporate Social Responsibility (CSR) objectives are forward-looking statements based on current forecasts, as defined by securities legislation. Positive or negative verbs such as “will,” “would,” “forecast,” “anticipate,” “expect,” “plan,” “project,” “continue,” “intend,” “assess,” “estimate” or “believe,” or expressions such as “toward,” “about,” “approximately,” “to be of the opinion,” “potential” or similar words or the negative thereof or other comparable terminology, are used to identify such statements.

    Forward-looking statements are based on major assumptions, including those about the Corporation’s return on its projects, as projected by management with respect to wind and other factors, opportunities that may be available in the various sectors targeted for growth or diversification, assumptions made about EBITDA(A) margins, assumptions made about the sector realities and general economic conditions, competition, exchange rates as well as the availability of funding and partners. While the Corporation considers these factors and assumptions to be reasonable, based on the information currently available to the Corporation, they may prove to be inaccurate.

    Boralex wishes to clarify that, by their very nature, forward-looking statements involve risks and uncertainties, and that its results, or the measures it adopts, could be significantly different from those indicated or underlying those statements, or could affect the degree to which a given forward-looking statement is achieved. The main factors that may result in any significant discrepancy between the Corporation’s actual results and the forward-looking financial information or expectations expressed in forward-looking statements include the general impact of economic conditions, fluctuations in various currencies, fluctuations in energy prices, the risk of not renewing PPAs or being unable to sign new corporate PPA, the risk of not being able to capture the US or Canadian investment tax credit, counterparty risk, the Corporation’s financing capacity, cybersecurity risks, competition, changes in general market conditions, industry regulations and amendments thereto, particularly the legislation, regulations and emergency measures that could be implemented for time to time to address high energy prices in Europe, litigation and other regulatory issues related to projects in operation or under development, as well as certain other factors considered in the sections dealing with risk factors and uncertainties appearing in Boralex’s MD&A for the fiscal year ended December 31, 2024.

    Unless otherwise specified by the Corporation, forward-looking statements do not take into account the effect that transactions, non-recurring items or other exceptional items announced or occurring after such statements have been made may have on the Corporation’s activities. There is no guarantee that the results, performance or accomplishments, as expressed or implied in the forward-looking statements, will materialize. Readers are therefore urged not to rely unduly on these forward-looking statements.

    Unless required by applicable securities legislation, Boralex’s management assumes no obligation to update or revise forward- looking statements in light of new information, future events or other changes.

    For more information:

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  • MIL-OSI: Boralex Launches Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, Feb. 28, 2025 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) today announced that it has authorized, and the Toronto Stock Exchange (the “TSX”) has approved, a normal course issuer bid (the “NCIB”) to purchase for cancellation up to 8,669,245 Class A shares of Boralex (the “Common Shares”) over the twelve-month period commencing on March 4, 2025, and ending no later than March 3, 2026, representing approximately 10% of the “public float” (as defined in the TSX Company Manual) of the Common Shares issued and outstanding as at February 19, 2025. As of such date, there were 102,766,580 Common Shares issued and outstanding. Subject to the required regulatory approvals, the NCIB will be conducted through the facilities of the TSX or alternative trading systems in Canada, if eligible, or outside the facilities of the TSX pursuant to exemption orders issued by securities regulatory authorities. Common Shares will be acquired under the NCIB at the prevailing market price at the time of acquisition, plus brokerage fees, except that any purchases made under an issuer bid exemption order will be at a discount to the prevailing market price as per the terms of the order. Any Common Share purchased under the NCIB will be canceled.

    Under the NCIB, other than purchases made under block purchase exemptions, Boralex will be allowed, subject to applicable securities laws, to purchase daily a maximum of 72,088 Common Shares representing 25% of the average daily trading volume of 288,355 Common Shares, as calculated per the TSX rules for the six-month period ended on January 31, 2025.

    In connection with the NCIB, Boralex will also enter into an automatic share purchase plan (“ASPP”) on the date hereof with the designated broker responsible for the NCIB. The ASPP will allow for the purchase for cancellation of Common Shares under the NCIB, subject to certain trading parameters, by the designated broker at times when Boralex would ordinarily not be permitted to purchase its securities due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, before entering into a blackout period, Boralex may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with certain purchasing parameters. Such purchases will be made by the designated broker based on such purchasing parameters, without further instructions by Boralex, in compliance with the rules of the TSX, applicable securities laws and the terms of the ASPP.

    Boralex believes that its Common Shares are trading from time to time at levels generally below the underlying value of the Company’s business and that the introduction of an NCIB will provide an additional tool to optimize its use of funds and create long-term value for its shareholders. This program will provide greater flexibility to carry on Boralex financial strategy without altering investments planned to seize development opportunities. Furthermore, the purchases are expected to benefit all persons who continue to hold Boralex Common Shares by increasing their equity interest in Boralex when such repurchased Common Shares are canceled.

    The decisions regarding the timing and size of purchases under the NCIB are subject to management’s discretion and will be based on various factors, including the Company’s capital and liquidity positions, accounting and regulatory considerations, the Company’s financial and operational performance, alternative uses of capital, the trading price of the Common Shares and general market conditions. The NCIB does not obligate Boralex to acquire a specific dollar amount or number of shares and may be modified or discontinued at any time. Boralex has not repurchased any of its outstanding Common Shares under a normal course issuer bid in the past 12 months.

    Caution Regarding Forward-Looking Statements

    Some of the statements contained in this press release, including, without limitation, those regarding the NCIB and ASPP and the intended purchase for cancellation of Common Shares thereunder, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events, or other changes.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook and LinkedIn.

    For more information

    Source: Boralex inc.        

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