NewzIntel.com

Category: Canada

  • MIL-OSI Canada: NICHI announces Northwest Territories recipients of funding to advance critical Indigenous housing projects in urban, rural and northern areas and address urgent and unmet needs

    Source: Government of Canada News

    News release

    October 23, 2024 — Yellowknife, Traditional territory of the Akaitcho, Yellowknives Dene First Nation, and Métis, part of the Mǫwhì Gogha Dè Nı̨ı̨tłèè traditional area of the Tłı̨chǫ, Northwest Territories — Indigenous Services Canada

    Today, National Indigenous Collaborative Housing Incorporated (NICHI) Chief Executive Officer John Gordon and Minister of Indigenous Services and Minister responsible for FedNor, Patty Hajdu, announced the recipients of NICHI’s expression of need process to address the critical need for safe and affordable urban, rural and northern Indigenous housing projects in the Northwest Territories.

    Today’s announcement includes more than $26 million in funding for 7 projects in the Northwest Territories led by:

    • Kasho Gotine Housing Society (two projects)
    • Nahanni Butte Dene Band
    • Tłı̨chǫ Łeàgı̨ą Tsʾı̨ı̨lı̨ Kǫ
    • The Metis Associaation Local 52
    • Ts’Euh Nda Society
    • Northwest Metis Council Inc.

    Through the national process, $277.8 million out of a total funding amount of $281.5 million is being distributed to 75 projects across the country aimed at building more than 3800 units. This funding was provided to Indigenous Services Canada through Budget 2022 and was distributed by NICHI, applying its “For Indigenous, By Indigenous” approach. NICHI brings together Indigenous-led housing, homelessness, and housing-related service delivery organizations to provide lasting solutions that address diverse housing inadequacies including homelessness for Indigenous Peoples living in urban, rural and northern areas.

    Over 171,000 Indigenous Peoples in urban, rural and northern areas off-reserve are in core housing need according to the 2021 Census. Indigenous Peoples continue to experience core housing needs at a significantly higher rate than non-Indigenous people – with the gap between them being exacerbated by the housing and homelessness crisis and by inadequacies in distinctions-based funding. Through a For Indigenous, By Indigenous approach to Indigenous housing that recognizes Indigenous organizations are best placed to understand the needs of their communities, Indigenous Services Canada is striving to close this gap by 2030.

    Access to safe and affordable housing is critical to improving health and social outcomes, and to ensure a better future for Indigenous communities. This funding initiative is part of the Government of Canada’s commitment to address the social determinants of health and advance self-determination in alignment with the United Nations Declaration on the Rights of Indigenous Peoples Articles 21 and 23.

    Quotes

    “Indigenous housing providers deserve Indigenous advocacy at the national level. By securing this investment and developing a For Indigenous, By Indigenous funding process, NICHI is putting Indigenous people back in charge of housing policy for our people and communities. The overwhelming expression of need we received in our application process – totalling $2 billion across 447 applications – demonstrates that the work is far from over – but today, we’re excited to announce funding that will make a positive impact in the lives of Indigenous peoples in the Northwest Territories.”

    John Gordon
    Chief Executive Officer, National Indigenous Collaborative Housing Incorporated

    “In true partnership with Indigenous peoples, we are building more homes, faster. Communities know best what they need, which is why these projects follow the For Indigenous, By Indigenous approach. We will always be there to support the communities that take the lead in building homes; it’s a matter of equity.”

    The Honourable Patty Hajdu
    Minister of Indigenous Services

    “NICHI’s remarkable achievement in swiftly delivering $277.8 million underscores its unwavering commitment to advancing Indigenous housing nationwide. As a new organization, NICHI’s expedient action demonstrates unparalleled dedication and catalytic impact in transforming community housing landscapes. We commend NICHI for its pivotal role in driving forward this transformative initiative.”

    Lisa Ker
    Acting Executive Director for the Community Housing Transformation Centre

    “With thousands of years of collective experience, urban, rural, and northern Indigenous housing providers have the capacity, know-how, and shovel-ready projects to address the challenge. NICHI has shown that it can deliver funding programs swiftly, fairly, and responsibly.”

    Margaret Pfoh
    President, Canadian Housing and Renewal Association

    Quick facts

    • On June 8, 2023, the Government of Canada announced that the National Indigenous Collaborative Housing Inc. (NICHI) would deliver $281.5 million in immediate funding over two years to address the urgent, unmet needs of Indigenous Peoples living in urban, rural and northern areas.

    • NICHI held its expression of need process from late November 2023 to January 12, 2024, and funding was allocated to 75 non-profit, Indigenous-led housing organizations by an objective, unbiased Project Selection Advisory Council who prioritized urgent and unmet housing need in Indigenous communities across the country. Currently, $3.7 million of the total funding amount remains to be allocated

    • The National Indigenous Collaborative Housing Inc. (NICHI) is an Indigenous-led national housing organization working to ensure that all Indigenous people across Canada have access to supports and services that provide safe, affordable, secure and dignified housing.

    • Support for projects will include funding for acquisitions of new properties and buildings, construction of new facilities, repairs and renovations, housing-related training, growing organizational capacity and administration costs.

    Associated links

    Contacts

    For more information, media may contact:

    Jennifer Kozelj
    Press Secretary
    Office of the Honourable Patty Hajdu
    Minister of Indigenous Services and Minister responsible for FedNor
    Jennifer.Kozelj@sac-isc.gc.ca

    Media Relations
    Indigenous Services Canada
    media@sac-isc.gc.ca
    819-953-1160

    Justin Prest
    Manager, Communications and Public Relations
    National Indigenous Collaborative Housing Inc.(NICHI)
    jprest@nichihousing.com
    1-873-455-5557

    Stay connected

    Join the conversation about Indigenous Peoples in Canada:

    X: @GCIndigenous
    Facebook: @GCIndigenous
    Instagram: @gcindigenous
    Facebook: @GCIndigenousHealth

    You can subscribe to receive our news releases and speeches via RSS feeds. For more information or to subscribe, visit www.isc.gc.ca/RSS.

    MIL OSI Canada News –

  • MIL-OSI: Community Savings Launches AnXin, the first credit union brand for Chinese Canadians and Chinese-Language communities in BC

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, BC / Unceded Territories of the Musqueam, Squamish and Tsleil-Waututh Nations, Oct. 23, 2024 (GLOBE NEWSWIRE) — Today, Community Savings is proud to announce the launch of AnXin Community Savings, the first credit union brand dedicated to Chinese Canadians and Chinese-language communities in BC. AnXin is located in downtown Richmond, and offers specialized, diverse and reliable financial products in Mandarin, Cantonese and other Chinese dialects.

    AnXin is led by Katrina Chen, former Member of the Legislative Assembly for Burnaby-Lougheed and Minister of State for Child Care. During her time in office, Katrina has played an active role in various social justice issues, including housing affordability, child care and racial equity and she continues engaging the local community. A proud immigrant who moved to Canada from Taiwan on her own, Katrina knows first hand the need for culturally tailored financial services.

    “Supporting newcomers, immigrant families and Chinese-language communities is immensely meaningful to me. Over the years, I’ve learned that financial services need to be accessible, diverse and community-driven. With AnXin, I am grateful to take my experience and layer it with a grassroots based approach to serve our community. AnXin’s values and virtue of prioritizing members over profits will build a stronger community”, said Katrina Chen, President, AnXin Community Savings.

    Close to 30% of the population in Metro Vancouver are Chinese-language speaking communities, and in the city of Richmond, 44% of the population speak Chinese-languages as their first language. This community credit union will specifically cater to the unique cultural and linguistic needs of the community. This is especially important for newcomers that can benefit from additional guidance and support to establish financial security in a new country. AnXin Community Savings will provide a trusted space that is developed on a shared mission with the Chinese Canadian and Chinese-language communities of delivering innovative, progressive, diverse and tailored banking products.

    Mike Schilling, President & CEO, Community Savings said, “The launch of AnXin Community Savings is a significant milestone in support of our Chinese Canadians and Chinese-language communities in Vancouver. These groups have long experienced discrimination and systemic financial inequities and I’m proud that AnXin is offering inclusive and culturally relevant financial services. Credit unions are grounded in the community. They are owned by the members and this credit union will be the same. For the community, and by the community. I know that with Katrina Chen’s leadership, AnXin will fulfil its mission of enriching BC’s financial sector and addressing systemic inequities.”
    AnXin is a new brand of Community Savings – one of the fastest growing credit unions in BC. AnXin draws on Community Savings’ 80 years of long-standing expertise to offer leading personal banking products and services such as lending, deposits, mortgages, no-fee transactions and more. Its first branch is located at 175-6386 No. 3 Road, Richmond, BC. The branch will provide full-service banking to members by Spring 2025.

    If you’re looking to bank with a community-driven financial institution dedicated to serving Chinese Canadian and Chinese-language communities, sign up here: www.anxinsavings.com

    About AnXin (安信) Community Savings:
    AnXin Community Savings is founded to address the financial needs of Chinese Canadians and Chinese-language communities. With specialized, diverse and reliable financial products, services in Mandarin, Cantonese and other Chinese dialects, and investments in local community initiatives, AnXin Community Savings aims to unite the Chinese Canadian and Chinese-language communities in British Columbia. Through AnXin Community Savings, we seek to expand tangible financial opportunities while advancing diversity and equity.

    AnXin is part of Community Savings Credit Union, a leading BC-based financial institution.

    About Community Savings:
    Community Savings Credit Union is driven by its purpose to unite working people to build a just world. As BC’s largest fully unionized credit union, Community Savings provides best-in-class personal and business banking.

    Community Savings operates six branches across the Lower Mainland and Victoria. It lives by its values, from being the first financial institution to become a Living Wage employer in 2010 to winning the 2022 BCBusiness Business of Good Workplace Wellness Award for its innovative staff wellness programs. For more about Community Savings, visit www.comsavings.com.

    Media Contact
    Yulu Public Relations
    cscu@yulupr.com

    The MIL Network –

  • MIL-OSI Security: Illinois Murder Suspect on U.S. Marshals 15 Most Wanted Fugitive List Arrested in Mexico

    Source: US Marshals Service

    Washington, DC – The manhunt for an Illinois murder suspect placed on the U.S. Marshals 15 Most Wanted fugitives list in 2020 ended Oct. 21, 2024, when Mexican law enforcement officers arrested John Panaligan in Tepic, Mexico. The fugitive is not a national of the country and was turned over to Mexican immigration authorities who deported him to the United States Oct. 22.

    Panaligan, 57, was wanted for allegedly murdering attorney Victor Jigar Patel, who was found strangled to death in his Northbrook, Illinois, office Dec. 7, 2016. At the time of his death, Patel, 36, was representing plaintiffs suing Panaligan in civil court. 

    “I want to express my appreciation and gratitude to the men and women of the Marshals Service, as well as to the officials from the Government of Mexico,” said Director Ronald L. Davis. “I hope this arrest brings some measure of comfort to the Patel family and serves as a stark reminder to fugitives from justice that there is no place to hide.”

    “The collaborative work of the Great Lakes Regional Fugitive Task Force and the Northbrook Police Department in the apprehension of this international fugitive is a testament to our strong regional relationships and the value it brings to our community,” said U.S. Marshal LaDon Reynolds of the Northern District of Illinois. 

    “The United States Marshal’s Great Lakes Fugitive Task Force worked tirelessly in collaboration with the Northbrook Police and other agencies to apprehend the fugitive.  The relentless efforts by law enforcement for the past 8 years are a clear reminder that you cannot hide from justice. The Northbrook Police Department remains committed to providing closure for the family of the victim, Jigar Patel,” said Interim Chief John Ustich of the Northbrook Police Department.

    Panaligan allegedly lured Patel to his law office by scheduling an appointment using an alias. Authorities believe Panaligan showed up wearing a disguise, which was captured on nearby security cameras, and then killed the victim in his office. 

    Two days later, Panaligan was detained at the Canadian border for allegedly smuggling a firearm into Canada but was eventually allowed to return to the U.S. where he was interviewed by Northbrook Police in relation to Patel’s death. During the investigation, authorities executed multiple search warrants of Panaligan’s belongings and property. Evidence collected gave authorities reason to believe Panaligan was the prime suspect in Patel’s murder. 

    Panaligan is believed to have fled to Mexico before he could be arrested. An arrest warrant for first-degree murder was issued for Panaligan Feb. 8, 2017. The USMS placed him on its 15 Most Wanted list Nov. 23, 2020, and offered a reward of up to $25,000 for information leading to his capture. Due to Panaligan’s international ties and dual citizenship between the U.S. and the Republic of the Philippines, authorities believed he could have traveled anywhere with assistance from acquaintances to elude capture.

    Created in 1983, the USMS 15 Most Wanted (15MW) fugitive program draws attention to some of the country’s most dangerous and high-profile fugitives. These fugitives tend to be career criminals with histories of violence who pose a significant threat to public safety. 

    Generally, 15MW fugitives are considered the “worst of the worst” and can include murderers, sex offenders, major drug kingpins, organized crime figures and individuals wanted for high-profile financial crimes. Since the program began in 1983, more than 250 15MW fugitive cases have been closed. 

    The USMS has a long history of providing assistance and expertise to other federal, state, and local law enforcement agencies in support of their fugitive investigations. Working with authorities at the federal, state, tribal, and local levels, USMS-led fugitive task forces arrested more than 73,000 fugitives and cleared nearly 86,000 warrants in FY 2023.  

    MIL Security OSI –

  • MIL-OSI Canada: Fireside chat with Tiff Macklem, Governor of the Bank of Canada

    Source: Bank of Canada


















  • MIL-OSI Canada: NICHI announces Nunavut recipients of funding to advance critical Indigenous housing projects in urban, rural and northern areas and address urgent and unmet needs

    Source: Government of Canada News (2)

    News release

    October 23, 2024 — Iqaluit, Nunavut — Indigenous Services Canada

    Today, National Indigenous Collaborative Housing Incorporated (NICHI) Chief Executive Officer John Gordon and Minister of Indigenous Services and Minister responsible for FedNor, Patty Hajdu, announced the recipients of NICHI’s expression of need process to address the critical need for safe and affordable urban, rural and northern Indigenous housing projects in Nunavut.

    Today’s announcement includes nearly $13 million in funding for 3 projects in Nunavut led by:

    • YWCA Agvik Nunavut
    • Uquutaq Society – Butler Affordable Housing
    • Pairijiit Tigummiaqtikkut Society – Elder Housing Capacity building

    Through the national process, $277.8 million out of a total funding amount of $281.5 million is being distributed to 75 projects across the country aimed at building more than 3800 units. This funding was provided to Indigenous Services Canada through Budget 2022 and was distributed by NICHI, applying its “For Indigenous, By Indigenous” approach. NICHI brings together Indigenous-led housing, homelessness, and housing-related service delivery organizations to provide lasting solutions that address diverse housing inadequacies including homelessness for Indigenous Peoples living in urban, rural and northern areas.

    Over 171,000 Indigenous Peoples in urban, rural and northern areas off reserve are in core housing need according to the 2021 Census. Indigenous Peoples continue to experience core housing needs at a significantly higher rate than non-Indigenous people – with the gap between them being exacerbated by the housing and homelessness crisis and by inadequacies in distinctions-based funding.

    Through a For Indigenous, By Indigenous approach to Indigenous housing that recognizes Indigenous organizations are best placed to understand the needs of their communities, Indigenous Services Canada is striving to close this gap by 2030.

    Access to safe and affordable housing is critical to improving health and social outcomes, and to ensure a better future for Indigenous communities. This funding initiative is part of the Government of Canada’s commitment to address the social determinants of health and advance self-determination in alignment with the United Nations Declaration on the Rights of Indigenous Peoples Articles 21 and 23.

    Quotes

    “Indigenous housing providers deserve Indigenous advocacy at the national level. By securing this investment and developing a For Indigenous, By Indigenous funding process, NICHI is putting Indigenous people back in charge of housing policy for our people and communities. The overwhelming expression of need we received in our application process – totalling $2 billion across 447 applications – demonstrates that the work is far from over – but today, we’re excited to announce funding that will make a positive impact in the lives of Indigenous peoples in Nunavut.”

    John Gordon
    Chief Executive Officer, National Indigenous Collaborative Housing Incorporated

    “In true partnership with Indigenous Peoples, we are getting more homes built, faster. Communities know best what they need, which is why these projects follow a By Indigenous, For Indigenous approach. We will always be there for communities as they take the lead to build homes; it’s a matter of fairness.”

    The Honourable Patty Hajdu
    Minister of Indigenous Services

    “NICHI’s remarkable achievement in swiftly delivering $277.8 million underscores its unwavering commitment to advancing Indigenous housing nationwide. As a new organization, NICHI’s expedient action demonstrates unparalleled dedication and catalytic impact in transforming community housing landscapes. We commend NICHI for its pivotal role in driving forward this transformative initiative.”

    Lisa Ker
    Acting Executive Director for the Community Housing Transformation Centre

    “With thousands of years of collective experience, urban, rural, and northern Indigenous housing providers have the capacity, know-how, and shovel-ready projects to address the challenge. NICHI has shown that it can deliver funding programs swiftly, fairly, and responsibly.”

    Margaret Pfoh
    President, Canadian Housing and Renewal Association

    Quick facts

    • On June 8, 2023, the Government of Canada announced that the National Indigenous Collaborative Housing Inc. (NICHI) would deliver $281.5 million in immediate funding over two years to address the urgent, unmet needs of Indigenous Peoples living in urban, rural and northern areas.

    • NICHI held its expression of need process from late November 2023 to January 12, 2024, and funding was allocated to 75 non-profit, Indigenous-led housing organizations by an objective, unbiased Project Selection Advisory Council who prioritized urgent and unmet housing need in Indigenous communities across the country. Currently, $3.7 million of the total funding amount remains to be allocated.

    • The National Indigenous Collaborative Housing Inc. (NICHI) is an Indigenous-led national housing organization working to ensure that all Indigenous people across Canada have access to supports and services that provide safe, affordable, secure and dignified housing.

    • Support for projects will include funding for acquisitions of new properties and buildings, construction of new facilities, repairs and renovations, housing-related training, growing organizational capacity and administration costs.

    Associated links

    Contacts

    For more information, media may contact:

    Jennifer Kozelj
    Press Secretary
    Office of the Honourable Patty Hajdu
    Minister of Indigenous Services and Minister responsible for FedNor
    Jennifer.Kozelj@sac-isc.gc.ca

    Media Relations
    Indigenous Services Canada
    media@sac-isc.gc.ca
    819-953-1160

    Justin Prest
    Manager, Communications and Public Relations
    National Indigenous Collaborative Housing Inc.(NICHI)
    jprest@nichihousing.com
    1-873-455-5557

    Stay connected

    Join the conversation about Indigenous Peoples in Canada:

    X: @GCIndigenous
    Facebook: @GCIndigenous
    Instagram: @gcindigenous
    Facebook: @GCIndigenousHealth

    You can subscribe to receive our news releases and speeches via RSS feeds. For more information or to subscribe, visit www.isc.gc.ca/RSS.

    MIL OSI Canada News –

  • MIL-OSI Canada: NICHI announces Ontario recipients of funding to advance critical Indigenous housing projects in urban, rural and northern areas and address urgent and unmet needs

    Source: Government of Canada News (2)

    News release

    October 23, 2024 — Ottawa, Unceded Algonquin Territory, Ontario — Indigenous Services Canada

    Today, National Indigenous Collaborative Housing Incorporated (NICHI) Chief Executive Officer John Gordon and Minister of Indigenous Services and Minister responsible for FedNor, Patty Hajdu, announced the recipients of NICHI’s expression of need process to address the critical need for safe and affordable urban, rural and northern Indigenous housing projects in Ontario.

    Today’s announcement includes more than $58 million in funding for 12 projects in Ontario led by:

    • Seven Generations Education Institute
    • Brantford Native Housing
    • Fort Albanys Women Shelter
    • Kekekoziibii Development Corporation
    • Na-Me-Res,(Native Men’s Residence)
    • Thunder Woman Healing Lodge Society
    • Endaayaan Awejaa
    • Fort Albany Women’s Shelter
    • Thunder Women Healing Lodge Society
    • Ontario Federation of Indigenous Friendship Centres
    • Reverend Tommy Beardy Memorial Family Treatment Center
    • Nahnahda-Wee-ee-Waywin

    Through the national process, $277.8 million out of a total funding amount of $281.5 million is being distributed to 75 projects across the country aimed at building more than 3800 units. This funding was provided to Indigenous Services Canada through Budget 2022 and was distributed by NICHI, applying its “For Indigenous, By Indigenous” approach. NICHI brings together Indigenous-led housing, homelessness, and housing-related service delivery organizations to provide lasting solutions that address diverse housing inadequacies including homelessness for Indigenous Peoples living in urban, rural and northern areas.

    Over 171,000 Indigenous Peoples in urban, rural and northern areas off reserve are in core housing need according to the 2021 Census. Indigenous Peoples continue to experience core housing needs at a significantly higher rate than non-Indigenous people – with the gap between them being exacerbated by the housing and homelessness crisis and by inadequacies in distinctions-based funding.

    Through a For Indigenous, By Indigenous approach to Indigenous housing that recognizes Indigenous organizations are best placed to understand the needs of their communities, Indigenous Services Canada is striving to close this gap by 2030.

    Access to safe and affordable housing is critical to improving health and social outcomes, and to ensure a better future for Indigenous communities. This funding initiative is part of the Government of Canada’s commitment to address the social determinants of health and advance self-determination in alignment with the United Nations Declaration on the Rights of Indigenous Peoples Articles 21 and 23.

    Quotes

    “Indigenous housing providers deserve Indigenous advocacy at the national level. By securing this investment and developing a For Indigenous, By Indigenous funding process, NICHI is putting Indigenous people back in charge of housing policy for our people and communities. The overwhelming expression of need we received in our application process – totalling $2 billion across 447 applications – demonstrates that the work is far from over – but today, we’re excited to announce funding that will make a positive impact in the lives of Indigenous peoples in Ontario.”

    John Gordon
    Chief Executive Officer, National Indigenous Collaborative Housing Incorporated

    “In a true partnership with Indigenous peoples, we are accelerating the construction of housing. Indigenous communities are best positioned to assess their needs, which is why these projects are based on the For Indigenous, By Indigenous approach. We will stand by the communities that take the initiative to build homes, as it is a matter of fairness and equity.”

    The Honourable Patty Hajdu
    Minister of Indigenous Services

    “NICHI’s remarkable achievement in swiftly delivering $277.8 million underscores its unwavering commitment to advancing Indigenous housing nationwide. As a new organization, NICHI’s expedient action demonstrates unparalleled dedication and catalytic impact in transforming community housing landscapes. We commend NICHI for its pivotal role in driving forward this transformative initiative. ”

    Lisa Ker
    Acting Executive Director for the Community Housing Transformation Centre

    “With thousands of years of collective experience, urban, rural, and northern Indigenous housing providers have the capacity, know-how, and shovel-ready projects to address the challenge. NICHI has shown that it can deliver funding programs swiftly, fairly, and responsibly.”

    Margaret Pfoh
    President, Canadian Housing and Renewal Association

    Quick facts

    • On June 8, 2023, the Government of Canada announced that the National Indigenous Collaborative Housing Inc. (NICHI) would deliver $281.5 million in immediate funding over two years to address the urgent, unmet needs of Indigenous Peoples living in urban, rural and northern areas.

    • NICHI held its expression of need process from late November 2023 to January 12, 2024, and funding was allocated to 75 non-profit, Indigenous-led housing organizations by an objective, unbiased Project Selection Advisory Council who prioritized urgent and unmet housing need in Indigenous communities across the country. Currently, $3.7 million of the total funding amount remains to be allocated.

    • The National Indigenous Collaborative Housing Inc. (NICHI) is an Indigenous-led national housing organization working to ensure that all Indigenous people across Canada have access to supports and services that provide safe, affordable, secure and dignified housing.

    • Support for projects will include funding for acquisitions of new properties and buildings, construction of new facilities, repairs and renovations, housing-related training, growing organizational capacity and administration costs.

    Associated links

    Contacts

    For more information, media may contact:

    Jennifer Kozelj
    Press Secretary
    Office of the Honourable Patty Hajdu
    Minister of Indigenous Services and Minister responsible for FedNor
    Jennifer.Kozelj@sac-isc.gc.ca

    Media Relations
    Indigenous Services Canada
    media@sac-isc.gc.ca
    819-953-1160

    Justin Prest
    Manager, Communications and Public Relations
    National Indigenous Collaborative Housing Inc.(NICHI)
    jprest@nichihousing.com
    1-873-455-5557

    Stay connected

    Join the conversation about Indigenous Peoples in Canada:

    X: @GCIndigenous
    Facebook: @GCIndigenous
    Instagram: @gcindigenous
    Facebook: @GCIndigenousHealth

    You can subscribe to receive our news releases and speeches via RSS feeds. For more information or to subscribe, visit www.isc.gc.ca/RSS.

    MIL OSI Canada News –

  • MIL-OSI Security: Deer Lake — Human remains of missing man found at fire scene in Deer Lake, investigation continuing

    Source: Royal Canadian Mounted Police

    RCMP West District General Investigation Section has confirmed the presence of human remains at the scene of a recent fire at the Driftwood Motel in Deer Lake. The fire occurred on October 19, 2024.

    On October 19, police received a report of a missing elderly man who was a guest of the Driftwood Motel. The man was unaccounted for and had not been seen since the time of the fire. This morning, October 23, 2024, during a search of the fire scene, human remains were located and have been identified as those of the missing man.

    The Office of the Chief Medical Examiner is engaged. The fire scene is being held and processed by the RCMP as part of an ongoing investigation.

    RCMP NL extends condolences to the family and friends of the missing man.

    MIL Security OSI –

  • MIL-OSI: Canadian Large Cap Leaders Split Corp. Declares Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 23, 2024 (GLOBE NEWSWIRE) — (TSX: NPS) – Canadian Large Cap Leaders Split Corp. (the “Company”) announces distribution payable on November 14, 2024, to Class A Shareholders of record at the close of business on October 31, 2024.

    Share Class Ticker Amount Per Share
    Class A Shares NPS 0.12500
       

    The Company offers distribution reinvestment plan (“DRIP”) for Class A Shareholders which provides Class A Shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor.

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint, please visit www.ninepoint.com or contact us at 416-362-7172 or 1-888-362-7172 or invest@ninepoint.com.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com 

    The MIL Network –

  • MIL-OSI USA: NIH clinical trial will test precision medicine treatments for myeloid cancers

    Source: US Department of Health and Human Services – 2

    News Release

    Wednesday, October 23, 2024

    Researchers will seek to accelerate the discovery of more tailored treatments for these aggressive cancers of the blood and bone marrow.

    The National Institutes of Health (NIH) has launched a proof-of-concept precision medicine clinical trial to test new treatment combinations targeting specific genetic changes in the cancer cells of people with acute myeloid leukemia (AML) and myelodysplastic syndromes (MDS). The trial, funded by NIH’s National Cancer Institute (NCI), aims to accelerate the discovery of more tailored treatments for these aggressive cancers of the blood and bone marrow.

    “NCI is uniquely positioned to conduct this type of study, which is one of a series of NCI precision medicine trials that are helping pave the way for more personalized treatment of cancer,” said W. Kimryn Rathmell, M.D., Ph.D., director of NCI. “By making these trials available to patients in communities around the country, we bring cutting edge science to people where they live and ensure that what we learn from our study participants can benefit patients like them in the future.” 

    “AML and MDS are a heterogeneous group of cancers that can progress very quickly. Treatment advances depend in part on the ability to rapidly identify which subtype of cancer each patient has so that treatments can be tested for their specific cancer,” said Richard F. Little, M.D., of NCI’s Division of Cancer Treatment and Diagnosis. Dr. Little is the NCI coordinator for the trial, known as the Myeloid Malignancies Molecular Analysis for Therapy Choice (myeloMATCH). “The goal of myeloMATCH is to test combinations of drugs to treat the disease in a highly targeted way and to be able to start treatment quickly after diagnosis.”

    Initially, people enrolled in the trial with newly diagnosed AML or MDS will undergo rapid genetic testing of their tumor samples. Based on the molecular characteristics of their tumors, they will be matched to a substudy testing a treatment appropriate for the specific genetic changes and characteristics associated with their disease, if one is available, or to standard treatment if an appropriate substudy is not available.

    If the initial treatment works to reduce a patient’s disease, they will undergo further genetic testing to match them to a subsequent substudy testing a treatment that is appropriate for the specific genetic changes associated with their remaining disease. As the amount of a patient’s disease decreases, study investigators will use increasingly sensitive tools, such as biomarker assays, to identify appropriate treatments for any remaining cancer cells.

    The myeloMATCH trial aims to enroll several thousand people within the first few years, with new substudies rolled out over time. Blood and bone marrow samples collected from participants during the course of the trial will be used to develop and refine the assays, as well as understand what genetic changes might be associated with the development of resistance to a treatment.

    myeloMATCH is being conducted by the National Clinical Trials Network, with the participation of the NCI Community Oncology Research Program (NCORP). Initial substudies will be led by the SWOG Cancer Research Network, the Alliance for Clinical Trials in Oncology, the ECOG-ACRIN Cancer Research Group, and the Canadian Cancer Trials Group. The Frederick National Laboratory for Cancer Research, Fred Hutch Cancer Center, and Children’s Hospital Los Angeles will provide clinical laboratory support for the substudies.

    myeloMATCH is one of three next-generation precision medicine trials that NCI has under way. ComboMATCH is testing the effectiveness of treating adults and children who have relapsed solid tumors with new drug combinations that target specific tumor alterations. ImmunoMATCH has launched a pilot study to determine whether prospective characterization of the immune status of a tumor can be used to improve the response to targeted immunotherapy treatments, with plans to expand to larger studies in the future.

    All three trials are successors to NCI-MATCH, NCI’s groundbreaking precision medicine clinical trial, which showed that people with advanced cancer may benefit from genomic sequencing to help plan their treatment.

    “When President Biden and the First Lady re-ignited the Cancer Moonshot, they set two clear goals: To prevent more than 4 million cancer deaths by 2047 and to improve the experience of people who are touched by cancer,” said Danielle Carnival, deputy assistant to the President for the Cancer Moonshot. “To achieve that goal, the U.S. government is working to expand access to innovative trials like this one, bring targeted new treatments to patients, and, ultimately, save lives.”

    Learn more about myeloMATCH and the substudies that are currently open.

    About the National Cancer Institute (NCI): NCI leads the National Cancer Program and NIH’s efforts to dramatically reduce the prevalence of cancer and improve the lives of cancer patients and their families, through research into prevention and cancer biology, the development of new interventions, and the training and mentoring of new researchers. For more information about cancer, please visit the NCI website at www.cancer.gov or call NCI’s contact center, the Cancer Information Service, at 1-800-4-CANCER (1-800-422-6237).

    About the National Institutes of Health (NIH): NIH, the nation’s medical research agency, includes 27 Institutes and Centers and is a component of the U.S. Department of Health and Human Services. NIH is the primary federal agency conducting and supporting basic, clinical, and translational medical research, and is investigating the causes, treatments, and cures for both common and rare diseases. For more information about NIH and its programs, visit www.nih.gov.

    NIH…Turning Discovery Into Health®

    ###

    MIL OSI USA News –

  • MIL-OSI Security: Southeastern New Brunswick — RCMP issue 236 tickets during traffic enforcement operation

    Source: Royal Canadian Mounted Police

    A recent RCMP traffic enforcement operation in Southeastern New Brunswick has resulted in 75 vehicles being towed, and 236 tickets being issued.

    Between October 17 and 19, 2024, members of the New Brunswick RCMP’s Tactical Traffic Enforcement Unit (TTEU) and Motor Vehicle Inspectors from the Highway Safety Enforcement Branch of the Department of Justice and Public Safety, worked together to conduct a traffic enforcement operation in the Greater Moncton area, Sussex, Petitcodiac, and Salisbury.

    The operation focused on unsafe vehicles and modified vehicles, as well as distracted driving, speeding, and proper use of seatbelts. During the operation, 125 vehicles were escorted to a specific site to be assessed, 66 were towed at the owner’s expense, and 48 were deemed unsafe.

    Several inspection stations will be investigated for not following the motor vehicle inspection procedures as per the New Brunswick – Motor vehicle Act.

    A total of 236 traffic violations were issued under the New Brunswick Motor Vehicle Act, including 81 for speeding, 18 unsafe vehicles, 31 tickets for not wearing a seatbelt and 28 tickets for using a hand-held electronic device while driving.

    Additionally, three individuals were issued a court date for driving while suspended, two other individuals were issued short-term roadside suspensions, and five individuals were arrested for warrants of arrest and committal. Three vehicles were also intercepted for speeding in excess of 50 km/hr of the posted speed limit were towed and impounded for seven days. A number of warnings were also issued.

    The New Brunswick RCMP’s TTEU conducts regular, targeted traffic enforcement on roadways throughout the province with the goals of improving road safety, educating motorists about traffic laws and to reduce serious injury and fatal collisions.

    “It is important to recognize that each individual has a role to play in ensuring the safety of our roads and communities,” says Sgt. Ghislain David with the Tactical Traffic Enforcement Unit. “Our primary objective is to safeguard the public by reducing the number of unsafe vehicles on our roadways.”

    The public can assist in keeping dangerous drivers off the road by reporting them to police. If you see a dangerous or a suspected impaired driver, call 911. Your description of the driver, vehicle, licence plate number and direction of travel can assist police in making New Brunswick roads safer.

    MIL Security OSI –

  • MIL-OSI: Canadian Net REIT Announces the Acquisition of a Grocery Store Property in Nova Scotia

    Source: GlobeNewswire (MIL-OSI)

    MONTRÉAL, Oct. 23, 2024 (GLOBE NEWSWIRE) — Canadian Net Real Estate Investment Trust (“Canadian Net” or the “Trust”) (TSX-V: NET.UN) is pleased to announce the acquisition of a grocery store property operated under the Sobeys banner in Truro, Nova Scotia. The total consideration paid was $9,000,000 (excluding transaction costs) and was settled in cash.

    “We are excited to announce the acquisition of a single-tenant grocery store, a strategic fit within our business model focused on high-quality, triple net and management-free assets,” said Kevin Henley, President and CEO. “This acquisition comes shortly after our announcement of recent dispositions, highlighting our ability to act swiftly in a dynamic market environment. We are seeing more opportunities emerge within our highly fragmented niche, alongside the advantages of lower interest rates. As a result, we remain focused on executing our disciplined growth strategy.”

    About Canadian Net – Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties.

    Forward-Looking Statements – This press release contains forward-looking statements and information as defined by applicable securities laws. Canadian Net warns the reader that actual events may differ materially from current expectations due to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such statements. Among these include the risks related to economic conditions, the risks associated with the local real estate market, the dependence to the financial condition of tenants, the uncertainties related to real estate activities, the changes in interest rates, the availability of financing in the form of debt or equity, the effects related to the adoption of new standards, as well as other risks and factors described from time to time in the documents filed by Canadian Net with securities regulators, including the management report. Canadian Net does not intend or undertake to update or modify its forward-looking statements even if future events occur or for any other reason, unless required by law or any regulatory authority.

    Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.

    For further information please contact Kevin Henley at (450) 536-5328.

    The MIL Network –

  • MIL-OSI Canada: ASIRT investigates use of force during arrest

    Source: Government of Canada regional news

    The male was placed under arrest for public intoxication and secured in a police vehicle. The officers attempted to place the female in custody and a struggle occurred during which she was brought to the ground, suffering an injury that required hospitalization and surgery. One officer was also injured during the struggle and required treatment in hospital. The officer was released later the same day. ASIRT’s investigation will examine the use of force by the officers.

    As of September 2024, the EPS began providing body-worn cameras to officers in a phased rollout of the devices. The two officers involved in this incident were not yet equipped with body-worn cameras.

    The amount of information ASIRT releases in the first stages of an investigation varies depending on the available evidence. In some situations, ASIRT can provide significant early details due to the presence of body-worn camera video footage or other objective evidence. Other times, this may not be possible.

    If ASIRT is aware of outstanding witnesses then an early release of details may also risk compromising the independent memory of these witnesses. ASIRT may withhold some details when their release would threaten the integrity of the investigation, including in some situations where objective evidence is available.

    ASIRT’s mandate is to effectively, independently and objectively investigate incidents involving Alberta’s police that have resulted in serious injury or death to any person, as well as serious or sensitive allegations of police misconduct.

    This release is distributed by the Government of Alberta on behalf of the Alberta Serious Incident Response Team.

    MIL OSI Canada News –

  • MIL-OSI Canada: Manitoba Government Opening its Second Extended Hours Primary Care Clinic

    Source: Government of Canada regional news

    October 23, 2024

    Manitoba Government Opening its Second Extended Hours Primary Care Clinic

    – – –
    Concordia Hospital’s New Extended Hours Primary Care Clinic Will Bring Care Closer to Home: Premier

    The Manitoba government is opening its second Extended Hours Primary Care Clinic on Oct. 23, which will be open on evenings, weekends and holidays so patients can access care when and where they need it, Premier Wab Kinew and Health, Seniors and Long-Term Care Minister Uzoma Asagwara announced today.

    “We are bringing health care closer to home for northeast Winnipeggers.” said Kinew. “We were elected on the promise to provide convenient and accessible health care to families across Manitoba and these clinics are doing just that. If your kid scrapes their knee, your parents need a checkup or you need to renew your prescription, you can head down to Concordia’s new clinic.”

    Located in Room 127A at Concordia Hospital, the Extended Hours Primary Care Clinic offers family doctors and nurses who can treat patients for common ailments and support the ongoing management of chronic conditions.

    “Life can’t always adapt to a nine to five schedule and folks can’t always plan for their health-care needs,” Asagwara. “Hard-working Manitobans need convenient options for accessing local care. We had an incredible response to the first Extended Hours Primary Care Clinic at the Grace Hospital. More than 560 patients have been seen since the clinic opened just over a month ago. I’m so glad to be opening another Extended Hours Primary Care Clinic that will reach even more Manitobans.”

    “As a long-time resident of the area, it’s great news to hear we’re getting more local health care in northeast Winnipeg,” said Mave Dickson, northeast Winnipeg resident. “Our community will really benefit from accessible and convenient care closer to home.”

    Extended Hours Primary Care Clinics are an excellent way to supplement the care patients receive from their regular providers, offering options when their primary physician is unavailable, noted the premier.

    The clinic at Concordia Hospital is the second extended-hours clinic to open in Winnipeg. It will be open after hours from 5:30 p.m. to 11:30 p.m. on weekdays and 1:30 p.m. to 11:30 p.m. on weekends, and offer special hours during the holidays. Patients can register for same-day appointments online at https://myrightcare.ca and some walk-in spots will be available every day.

    For more information on where to seek care for common illnesses, injuries and mental health concerns, visit the Winnipeg Regional Health Authority’s Find Your Right Care page at  https://myrightcare.ca.

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI Canada: Deputy Prime Minister to attend G7 and G20 Finance Ministers’ Meetings and Annual Meetings of the IMF and World Bank

    Source: Government of Canada News

    News release

    October 23, 2024 – Ottawa, Canada – Department of Finance Canada

    This week, from October 23 to 25, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, will attend the Fall Meetings of G7 and G20 Finance Ministers and the Annual Meetings of the International Monetary Fund (IMF) and World Bank in Washington D.C.

    At these meetings, the Deputy Prime Minister will advance work with Canada’s allies to strengthen supply chains with trusted trading partners to create jobs and economic growth that is shared by all Canadians.

    While in Washington, the Deputy Prime Minister will discuss with allies further efforts to support Ukraine through to victory and into reconstruction. Canada was an early champion of G7 efforts to make full use of frozen Russian sovereign assets, and provided a CA$5 billion (US$3.7 billion) contribution to the G7’s CA$68 billion (US$50 billion) Extraordinary Revenue Acceleration Loans for Ukraine. 

    The Deputy Prime Minister will further Canada’s work to build resilient economies and reduce economic inequalities—as demonstrated by the government’s historic investments in early learning and child care, national dental care coverage, and free contraception and diabetes medication. The Deputy Prime Minister will also advance Canada’s work on international tax cooperation.

    An itinerary of events will be released in advance of the meetings.

    Quotes

    “Canada is leading the G7 in cutting interest rates four times this year and reducing inflation to target for all of this year. The wages of Canadian workers have outpaced inflation for 20 months. And, the IMF expects Canada’s economic growth to be the best in the G7 next year. Together, Canada and our allies are working to ensure recent economic gains are not unwound, but rather built upon, so we can create more good-paying jobs, help people get ahead, and build a fairer future for every generation.”

    – The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

    Quick facts

    • Canada is leading the G7 in:

      • Cutting interest rates; the first to cut rates twice, the first to cut rates a third time, and now the first to cut rates a fourth time;
      • Economic growth expectations, with the IMF predicting that Canada’s GDP will be the fastest growing in 2025;
      • Maintaining the lowest net debt-to-GDP ratio—by a significant margin—in the G7; and,
      • Securing AAA credit ratings from at least two of the world’s three major credit rating agencies, along with only Germany.

    • Inflation has been within the target range of 1 per cent to 3 per cent for all of 2024, with inflation in Canada falling to 1.6 per cent in September—a 43 month low. 

    • Wages in Canada have outpaced inflation for 20 months in a row, which means Canadian workers today on average have larger pay cheques, even accounting for inflation, than they did before the pandemic.

    • The Annual Meetings of the IMF and World Bank, which generally take place in October, have customarily been held in Washington for two consecutive years and in another member country in the third year.

    Contacts

    Media may contact:

    Katherine Cuplinskas
    Deputy Director of Communications
    Office of the Deputy Prime Minister and Minister of Finance
    Katherine.Cuplinskas@fin.gc.ca

    Media Relations
    Department of Finance Canada
    mediare@fin.gc.ca
    613-369-4000

    General enquiries

    Phone: 1-833-712-2292
    TTY: 613-369-3230
    E-mail: financepublic-financepublique@fin.gc.ca

    Stay Connected

    MIL OSI Canada News –

  • MIL-OSI Canada: Change of Command Ceremony in Central Ontario District 

    Source: Government of Canada News

    On October 23, 2024, the Correctional Service of Canada (CSC) held a Change of Command Ceremony in the Central Ontario District in the Ontario Region. This occasion marked the change in command from the outgoing District Director Scott Tempest to the incoming District Director Sherri Rousell.

    October 23, 2024 – Toronto, Ontario – Correctional Service Canada

    On October 23, 2024, the Correctional Service of Canada (CSC) held a Change of Command Ceremony in the Central Ontario District in the Ontario Region. This occasion marked the change in command from the outgoing District Director Scott Tempest to the incoming District Director Sherri Rousell.

    The ceremony reinforces the responsibility of leadership in the role of District Director. It represents the symbolic passing of responsibility, authority, and accountability from one correctional leader to another.

    This ceremony is an important tradition for CSC. It reaffirms the incoming leader’s pledge to support CSC’s mission and contribute to the safety and security of the public, employees, and offenders.

    CSC is proud of the dedicated staff members in the Central Ontario District who work tirelessly every day to make a difference in the lives of offenders. Their professionalism and commitment contributes to public safety for Canadians.

    MIL OSI Canada News –

  • MIL-OSI Security: Clarenville — Clarenville RCMP investigates fatal moose vehicle collision on TCH near Goobies

    Source: Royal Canadian Mounted Police

    A 64-year-old man is deceased following a moose-vehicle collision that occurred on the Trans-Canada Highway (TCH) near Goobies on the evening of October 22, 2024.

    Shortly after 7:00 p.m. on Tuesday, Clarenville RCMP received the report of the collision involving a moose and two vehicles. A vehicle collided with a moose, crossed into the oncoming lane of travel and collided with another vehicle. The driver and lone occupant of the vehicle that collided with the moose died at the scene. The driver and lone occupant of the second vehicle was transported to Dr. G.B. Cross Memorial Hospital in Clarenville with non-life-threatening injuries.

    The TCH was impassable for a number of hours. A Collision Reconstructionist with RCMP Traffic Services attended the scene and the Office of the Chief Medical Examiner is engaged.

    The investigation is continuing.

    MIL Security OSI –

  • MIL-OSI Canada: Amendments to the Land Titles Act, 2015 passed the Legislative Assembly

    Source: Government of Canada regional news

    On October 21, 2024, the Yukon Legislative Assembly unanimously passed Bill No. 42, the 2024 Act to Amend the Land Titles Act, 2015. The amendments passed in this legislation will help ensure that purpose-built affordable housing developments remain affordable over the long term through the use of statutory covenants.

    A statutory covenant is an agreement attached to a land title that outlines obligations or restrictions that must be followed by the landowner. The covenants are “statutory” because they are set out in and can be enforced by law.

    • Read more about Amendments to the Land Titles Act, 2015 passed the Legislative Assembly
    • Add new comment

    MIL OSI Canada News –

  • MIL-OSI Global: Bank of Canada’s latest interest rate cut: Monetary policy is not enough to address economic issues on its own

    Source: The Conversation – Canada – By Sorin Rizeanu, Assistant Professor, Gustavson School of Business, University of Victoria

    The Canadian and American economies are deeply intertwined. With the United States Federal Reserve cautious amid mixed signals from the labour market and rising inflation worries, the Bank of Canada has just lowered its key interest rate to 3.75 per cent – cutting it by half a percentage point.

    Strong U.S. job growth and cooling inflation could result in a smaller Fed rate cut compared to its previous cut and to Canada’s recent cut. It could also pause the rate entirely, which may change economic conditions in the U.S. and Canada in the months to come. Upcoming U.S. elections complicate the problem further.

    In Canada, cooling inflation, slowing manufacturing sales and more cautious consumer spending opens the door to another half percentage point rate cut by the end of the year.

    But does the Bank of Canada have the ability to offset shifts in U.S. monetary policies through its own monetary instruments? In fact, how much room does it have to diverge from U.S. policy at all?

    Monetary conditions are transmitted from the world’s biggest financial centres to the rest of the world through gross credit flows and leverage. Any policy differences between Canada and the U.S. immediately impact Canada, including spillover effects on the loonie exchange rates and other widespread economical and social effects.

    Canada’s double trilemmas

    Canada’s key challenges include economic growth as a potential recession looms, taming inflation, housing, managing interest rates while private and public debt is sky-high and stabilizing Canada’s commodity-linked currency in an increasingly volatile geopolitical environment. Failing to address these challenges could lead to severe systemic imbalances.

    A country cannot have an independent monetary policy, stable exchange rate and free capital flows simultaneously. It must choose one side of this triangle and give up the opposite corner.
    (Sorin Rizeanu), CC BY-ND

    The Bank of Canada has good reasons to cut the interest rate back to 2.5 to 3.5 per cent, but this could have a significant impact on the loonie.

    Canada is facing two sets of trilemmas: a monetary one for the central bank and a fiscal one for the government. On the monetary side, stable exchange rates, independent monetary policy and financial market openness are three objectives that cannot all be achieved simultaneously. European countries have sacrificed monetary independence in exchange for a strong euro and financial openness.

    It’s impossible for policymakers to pursue all three choices at the same time. For instance, a country spending more without raising taxes has to increase public debt and deficit.
    (Sorin Rizeanu), CC BY-ND

    Canada, in contrast, has opted for free capital mobility and independent monetary policy at the expense of exchange rate stability. This allows the loonie to be determined by market forces, giving the central bank the ability to adjust interest rates while capital moves freely across the border.

    On the fiscal side, the government is grappling with climate change, immigration and wealth inequality. However, there is also strong public resistance to higher taxes, and public debt and deficits are currently at alarming levels.

    If the central banks are at odds

    If the Bank of Canada were to cut interest rates while the Fed doesn’t, the loonie would likely depreciate sharply, forcing a response. Such a divergence happened in June 2024, with the Fed following with a 0.5 per cent cut only in September.

    On such short-term deviations, sterilization is typically implemented to dampen the depreciation of the loonie by acquiring Canadian dollars and selling reserves.

    If the central banks were to remain at odds in the longer term, a decrease in money supply as investors flee would likely cause a decrease in domestic bank lending, which is already under pressure from public and private debt and increased default rates.

    This could decrease longer term interest rates and put additional pressure on the economy through the capital account. If investors believe the central bank is merely delaying the inevitable depreciation of its currency, it could also reinforce carry trade dynamics — an investment strategy where money is borrowed at a low cost in one currency to earn higher returns from investments in another currency.

    The bond market would also react, with notable effects in key economic sectors and asset valuation. Long-term interest rates tend to align more across countries than short-term rates, especially if global factors are influencing real rates or if investors are seeking safer assets.

    While the Bank of Canada can set its policy rate independently of the Fed’s rate, it has less control over the long-term. Long-term rates are tied to exchange rates and reflect expectations for future short-term rates and risk factors. Mortgage rates and corporate borrowing rates would be affected as well.

    Monetary policy can’t be the only answer

    The Bank of Canada’s mandate is to “keep inflation low, stable and predictable.” While this can be fulfilled through rate cuts, diverging from U.S. policy will have widespread effects on the Canadian economy. These impacts will be uneven, with indebted investors and banks likely benefiting while the working class may bear the brunt.

    The Bank of Canada focuses on providing liquidity to the financial sector, often with little regulation or oversight. However, this approach tends to overlook challenges faced by the working class. In 2022, for instance, Bank of Canada Governor Tiff Macklem advised against employers increasing wages to match inflation over concern that a wage-price spiral would occur.

    Even if the central bank wanted to address these issues, it’s limited by the ability to manage multiple outputs with just one instrument. As a result, the central bank should report not only on inflation, but also on the overall trade-offs of rate cuts.

    The Bank of Canada has a vested interest in tampering the effects of a new rate cut, especially since it could trigger a “capital famine” in the long-term and weaken the Canadian dollar. In the short-term, divergences from the U.S. will likely be manageable, but in the longer term, currency depreciation may be unavoidable to keep the economy afloat.

    Monetary policy is vital, but it’s merely the first line of defence against inflation. To truly address Canada’s economic issues, both monetary and fiscal policies need to work together in harmony, with a broader public discussion that goes beyond inflation.

    Sorin Rizeanu 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. Bank of Canada’s latest interest rate cut: Monetary policy is not enough to address economic issues on its own – https://theconversation.com/bank-of-canadas-latest-interest-rate-cut-monetary-policy-is-not-enough-to-address-economic-issues-on-its-own-238396

    MIL OSI – Global Reports –

  • MIL-OSI Canada: Canada, the United States and Mexico release the North American Preparedness for Animal and Human Pandemics Initiative (NAPAHPI)

    Source: Government of Canada News

    News release

    An initiative between Canada and partner countries to strengthen our ability to prepare for and respond to public health threats

    October 23, 2024 | Ottawa, Ontario | Public Health Agency of Canada

    Canada, the United States and Mexico have a strong and longstanding partnership, and are connected across many areas, including health, business and social relationships. This interconnectedness means that disruptions, such as the COVID-19 pandemic or other threats to health security, can have impacts across all three countries. Through continued coordination and cooperation, we can support the health and well-being of our populations.

    Today, the Public Health Agency of Canada, in collaboration with the Canadian Food Inspection Agency, Public Safety Canada and Global Affairs Canada, and their respective counterparts in the United States and Mexico, released the North American Preparedness for Animal and Human Pandemics Initiative (NAPAHPI).

    NAPAHPI fulfills commitments made during the 2021 and 2023 North American Leaders’ Summits to strengthen North America’s regional health security by working together to mitigate and respond to public health threats. It also provides a flexible framework that will help North American partners collaborate to address the challenges of potential future pandemics or other public health threats that require a coordinated response.

    The NAPAHPI complements the International Health Regulations (IHR) (2005) and other international mechanisms which seek to strengthen and protect global health security, and supports a One Health approach that considers the relationships between the health of humans, animals, and the environment.

    Together, Canada, the United States and Mexico will advance NAPAHPI’s goals by working on key areas for collaboration:

    • animal diseases with zoonotic potential;
    • epidemiological surveillance and laboratory diagnostics;
    • medical countermeasures;
    • public health measures;
    • medical supply chains;
    • health systems;
    • risk communications;
    • border health measures;
    • critical infrastructure;
    • risk assessment and foresight risk analyses;
    • joint exercises and training; and
    • sustainable financing.

    Quotes

    “Canada, the United States and Mexico have a long-standing friendship and history of collaboration. The North American Preparedness for Animal and Human Pandemics Initiative demonstrates what can be achieved when our three countries work together on a common vision. Through more effective coordination and collaboration, we can identify and implement actions that seek to protect the health and safety of our populations, while minimizing economic and social impacts.”

    — The Honourable Mark Holland, Minister of Health

    “The United States is committed to strengthening health security and preparing for future threats. To be successful we must coordinate closely across governments, as well as with industry and community leaders – which is what this platform makes possible. Our nations cannot be strong unless they are healthy. That’s why we will continue to work together on a sustained, durable strategy that improves health security for all.”

    — Xavier Becerra, Secretary of Health and Human Services

    “This new framework for collaboration between Mexico, Canada and the United States on preparedness for animal and human pandemics is an example of the close cooperation between the three countries. The framework will help us address the challenges of One Health and adopt new technologies and practices in the North American region. Additionally, it will promote a shared vision for surveillance, early identification of risk factors, and the planning and implementation of cooperative and sustainable responses to health emergencies. This trinational effort will translate into more efficient protection strategies for our populations.”

    — David Kershenobich, Minister of Health

    Quick facts

    • NAPAHPI replaces the 2007 North American Plan for Avian and Pandemic Influenza, and the 2012 North American Plan for Animal and Pandemic Influenza.

    • NAPAHPI builds on the history of this tripartite collaboration, as well as on lessons learned from the COVID-19 pandemic and other public health events over the past decade.

    • For nearly two decades, the three partner countries have met regularly to discuss, prepare for and respond to public health threats such as H1N1, MERS-CoV, Ebola, Zika, the Fukushima nuclear disaster, the COVID-19 pandemic, and more recently H5N1 avian influenza outbreaks.

    • NAPAHPI is led by a Senior Coordinating Body as a key decision-making forum and a Health Security Working Group as its technical arm, with members from the human health, animal health/agriculture, security and foreign affairs sectors.

    • The principal agencies in the governance structure are:

      • Canada: Public Health Agency of Canada, Canadian Food Inspection Agency, Public Safety Canada and Global Affairs Canada.
      • United States: Department of Health and Human Services, Department of Agriculture, Department of Homeland Security and Department of State.

    • Mexico: Secretariat of Health/Secretaría de Salud, Secretariat of Agriculture and Rural Development/Secretaría de Agricultura y Desarrollo Rural, Secretariat of Security and Citizen Protection/Secretaría de Seguridad y Protección Ciudadana, and Secretariat of Foreign Affairs/Secretaría de Relaciones Exteriores.

    Associated links

    Contacts

    Matthew Kronberg
    Press Secretary
    Office of the Honourable Mark Holland
    Minister of Health
    343-552-5654

    Media Relations
    Public Health Agency of Canada
    613-957-2983
    media@hc-sc.gc.ca

    Public Inquiries:
    613-957-2991
    1-866-225-0709

    MIL OSI Canada News –

  • MIL-OSI Security: River Bennett — Victoria County District RCMP investigates fatal crash in River Bennett

    Source: Royal Canadian Mounted Police

    Victoria County District RCMP is investigating a fatal crash that occurred in River Bennett.

    On October 22, at approximately 6:08 p.m., Victoria County District RCMP and fire services responded to a report of a single-vehicle crash in the 46000 block of the Cabot Trail. RCMP officers learned that a Nissan Frontier had left the roadway and rolled, coming to rest in the ditch.

    The driver and sole occupant of the Frontier, a 22-year-old woman from Englishtown, was located deceased at the scene.

    An RCMP collision reconstructionist attended the scene and the investigation is ongoing. The Cabot Trail was partially closed for several hours but has since fully reopened.

    Our thoughts are with the victim’s loved ones at this difficult time.

    MIL Security OSI –

  • MIL-OSI Canada: HMCS Regina conducts Joint Littoral Targeting Exercise 

    Source: Government of Canada News (2)

    Today, His Majesty’s Canadian Ship (HMCS) Regina successfully completed Joint Littoral Targeting Exercise 2024 (JoLTEX 24) at the United States Navy’s Point Mugu Sea Range off the coast of Southern California…

    October 23, 2024 – Ottawa – Department of National Defence / Canadian Armed Forces

    Today, His Majesty’s Canadian Ship (HMCS) Regina successfully completed Joint Littoral Targeting Exercise 2024 (JoLTEX 24) at the United States Navy’s Point Mugu Sea Range off the coast of Southern California.

    JoLTEX developed and tested targeting processes, including firing a surface-to-surface missile against a simulated surface-to-surface combatant, using a Harpoon Block II missile. The exercise supported the Royal Canadian Navy (RCN) ships’ ability to employ sea-based weapons against targets on or near land.

    Conducting realistic training like JoLTEX 24 enhances the RCN’s ability to contribute to future operations and exercises with partners and allies. Exercises of this kind allow RCN ships and sailors to develop and refine their skills under realistic conditions, increasing their overall mission effectiveness, and affirming that the RCN remains a vital partner in maintaining peace and security.

    “The successful launch of a Harpoon Block II missile at a littoral (or near-shore) target reinforces a critical capability for Canada’s Pacific Fleet and the Royal Canadian Navy. Joint Littoral Targeting Exercise 2024 provided our sailors with a valuable training opportunity to exercise the targeting process through to the firing of a live missile in support of land forces. The capacity to do this in a complex environment is an essential aspect of joint and multinational operations. This demonstrates our Navy’s commitment to maintaining a flexible and combat-capable maritime force.”

    Commodore Dave Mazur, Commander Canadian Fleet Pacific

    “His Majesty’s Canadian Ship (HMCS) Regina’s precise delivery of surface-to-surface kinetic effects during Joint Littoral Targeting Exercise 2024 demonstrates the crew’s commitment to combat readiness and their professional excellence. As evolving maritime threats shift between open ocean and littoral environments, realistic training scenarios are essential to prepare our sailors for future high-intensity naval and joint operations. I couldn’t be prouder to be part of Regina’s outstanding team and what they’ve accomplished during this exercise.”

    Commander Jeremy Samson, Commanding Officer HMCS Regina

    Media Relations
    Department of National Defence
    Phone: 613-904-3333
    Email: mlo-blm@forces.gc.ca

    MIL OSI Canada News –

  • MIL-OSI Canada: Alternating lane closures on Timiskaming Quebec dam bridge

    Source: Government of Canada News

    Public Services and Procurement Canada wishes to advise motorists that there will be alternating lane closures on the Timiskaming Quebec dam bridge, as well as short-term full bridge closures.

    Témiscaming, Quebec, October 23, 2024 – Public Services and Procurement Canada (PSPC) wishes to advise motorists that there will be alternating lane closures on the Timiskaming Quebec dam bridge, as well as short-term full bridge closures, for inspection work during the following period:

    • Monday, October 28, to Friday, November 1, from 7 am to 7 pm

    During this period, only 1 lane will be open to traffic in alternating directions. Short-term full bridge closures (up to 15 minutes at a time) will also be required. Road signage will be in place, and flag persons will direct traffic. Motorists can expect delays, but the sidewalk will remain open.

    The schedule may change depending on weather conditions.

    PSPC encourages users to exercise caution when travelling on the bridge and thanks them for their patience.

    MIL OSI Canada News –

  • MIL-OSI Canada: Manitoba Government Begins Searching Prairie Green Landfill

    Source: Government of Canada regional news

    October 23, 2024

    Manitoba Government Begins Searching Prairie Green Landfill

    The Manitoba government has begun the third stage of the Prairie Green Landfill search for the remains of Morgan Harris and Marcedes Myran, Premier Wab Kinew announced today.

    “Our government is making significant progress in our compassionate search of the Prairie Green Landfill,” said Kinew. “This is about doing the right thing and sending a message to all Manitobans that you matter and deserve dignity. When someone goes missing, we go looking.”

    The search facility pad is nearing completion and excavators have begun moving materials above the targeted zone at the landfill, while the engineering assessment of the targeted zone has also been completed. Meanwhile, recruitment for workers has been ongoing, with the job postings for technicians closing earlier in October.

    The pilot test program was completed in June 2024, which aimed to refine the search methodology, characterize deposited waste material and further understand potential challenges.

    The province has implemented a five-stage approach to conducting the search. Stage four will involve the excavation and search of the targeted zone where the remains of the two women are believed to be located. Stage four is on track to begin in late fall 2024, noted the premier.

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI Canada: Manitoba Government Helping More Vulnerable Manitobans Stay Housed

    Source: Government of Canada regional news

    October 16, 2024

    Manitoba Government Helping More Vulnerable Manitobans Stay Housed

    – – –
    New Community-Based Support Services Will Improve Housing Stability for Manitobans with Complex Mental Health Needs: Smith

    The Manitoba government will be helping more Manitobans through a new initiative to ensure individuals with serious, long-term mental health disorders can access comprehensive wraparound supports that help keep them housed, Housing, Addictions and Homelessness Minister Bernadette Smith, minister responsible for mental health, announced today.  

    “Meeting the needs of people living with severe, complex mental health disorders requires a range of programs and services,” said Smith. “This investment will build effective and sustainable services along that continuum of care by providing supports right in the community. We will help vulnerable Manitobans stay out of hospitals and emergency rooms by providing safety and stability in their homes.” 

    The new $4.3-million initiative will establish a co-ordination hub and expand community-based care, adding 22 new mental health workers to Manitoba’s mental health service system, the minister noted.  The investment will enable Shared Health to establish two new interdisciplinary teams that use the Assertive Community Treatment (ACT) model to treat and support up to 300 individuals with severe mental illnesses in community settings.   

    “These new teams fill a major gap in the suite of community-based services in Winnipeg, supporting Manitobans who often have several co-occurring and complex mental health and addiction needs,” said Arlene MacLennan, director of health services for adult outpatient mental health and addictions, Shared Health. “There is strong evidence from other jurisdictions that this flexible, co-ordinated and streamlined approach reduces costly visits to hospitals and emergency departments, and helps individuals manage their mental health and substance use problems so they can increase stability and make improvements in their lives.”  

    ACT is an evidence-based service delivery model that provides comprehensive, community-based mental health and addiction services, crisis intervention, medication management, community integration, peer support and housing support services. Flexible Assertive Community Treatment (FACT) teams also use the ACT approach but can adapt the support provided, based on the individual’s needs and without some of the constraints of individual services, such as the length of time a service may be offered.   

    Shared Health will also pilot a new FACT/ACT Hub to support comprehensive assessments of individuals in the community and in hospital. The investment is a significant first step in building housing with support services while improving access to mental health-care wraparound supports, the minister noted.  

    The hub will also work to standardize ACT services across the province and provide provincial oversight, added Smith. 

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI USA: Artemis II Astronauts Put Orion’s Side Hatch to the Test

    Source: NASA

    Artemis II NASA astronauts Victor Glover, Christina Koch, and Reid Wiseman, and CSA (Canadian Space Agency) astronaut Jeremy Hansen along with back-up crew members Andre Douglas and Jenni Gibbons, recently traveled to Lockheed Martin Space in Littleton, Colorado, where they practiced opening and closing an Orion crew module side hatch model to help demonstrate its reliability and durability during their 10-day mission around the Moon.
    During normal mission operations, the crew will not operate the hatches – the ground systems team at NASA’s Kennedy Space Center in Florida will assist the crew into Orion at the launch pad, then close the hatch behind them prior to liftoff. After splashdown in the Pacific Ocean, recovery teams will open the side hatch and help crew to exit.
    Training on the hatch helps ensure the crew can safely enter and exit the spacecraft in the event of an emergency. The side hatch is normally opened using a manual gearbox system, but in an emergency, the hatch has release mechanisms containing small  pyrotechnic devices that release the latch pins on the hatch instantaneously, allowing it to open quickly.
    Under NASA’s Artemis campaign, the agency will establish the foundation for long-term scientific exploration at the Moon, land the first woman, first person of color, and its first international partner astronaut on the lunar surface, and prepare for human expeditions to Mars for the benefit of all.  

    MIL OSI USA News –

  • MIL-OSI Security: RM of Tache — St. Pierre-Jolys RCMP respond to fatal collision

    Source: Royal Canadian Mounted Police

    On October 23, 2024, at approximately 12:30 am, St. Pierre-Jolys received a report of a collision on Highway 1 and Provincial Road 206. When officers arrived on scene, one vehicle was in the south ditch and two vehicles were on the highway.

    Investigation determined a car and a SUV were travelling eastbound on Highway 1 and were side-by-side when the passenger tire of the car, with the control arm and other mechanical parts, came off and struck the SUV, which was travelling in the south lane. This caused the car to come to rest on the roadway and immediately catch fire. The 25-year-old male driver from Calgary was able to exit the vehicle. He was transported to local hospital with non-life threatening injuries.

    After the SUV was struck by the tire and parts from the car, the SUV entered the ditch and rolled. The 59-year-old male driver, from Steinbach, was pronounced deceased on scene. The 45-year-old male passenger, from the RM of Hanover, was transported to local hospital with non-life threatening injuries.

    A third vehicle was travelling close behind the collision and struck the tire component of the car, which was left on the highway after the collision, making the vehicle inoperable. The 28-year-old female driver, from Kenora, Ontario, was transported to hospital with minor physical injuries.

    A RCMP Forensic Collision Reconstructionist is assisting with the ongoing investigation.

    MIL Security OSI –

  • MIL-OSI: Real Estate Split Corp. Announces Overnight Offering

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to U.S. Newswire Services or for dissemination in the United States.

    TORONTO, Oct. 23, 2024 (GLOBE NEWSWIRE) — Real Estate Split Corp. (TSX: RS and RS.PR.A) (the “Company”), is pleased to announce that the Company is undertaking an overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively).

    The sales period for this overnight offering will end at 9:00 a.m. (ET) on Thursday, October 24, 2024. The offering is expected to close on or about October 31, 2024 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (“TSX”).

    The Class A Shares will be offered at a price of $12.90 per Class A Share to yield 12.1% and the Preferred Shares will be offered at a price of $10.10 per Preferred Share to yield 4.4% to maturity. The closing price on the TSX for each of the Class A Shares and Preferred Shares on October 22, 2024 was $13.21 and $10.16, respectively. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (calculated as at October 22, 2024), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.

    The Company has been designed to provide investors with a diversified, actively managed, high conviction portfolio comprised of securities of leading North American real estate companies.

    The Company’s investment objectives for the:

    Class A Shares are to provide holders with:

    (i) non-cumulative monthly cash distributions; and
    (ii) the opportunity for capital appreciation through exposure to the portfolio

    Preferred Shares are to:

    (i) provide holders with fixed cumulative preferential quarterly cash distributions; and
    (ii) return the original issue price of $10.00 to holders upon maturity.

    Middlefield Capital Corporation provides investment management advice to the Company.

    The syndicate of agents for the offering is being co-led by CIBC Capital Markets, RBC Capital Markets, and Scotiabank.

    For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. Copies of the short form base shelf prospectus may be obtained from a member of the syndicate. The Company intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces and territories of Canada.

    The MIL Network –

  • MIL-OSI: TAG Oil Announces Pricing of Public Offering of Units

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISSEMINATION IN THE UNITED STATES

    VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) — TAG Oil Ltd. (TSXV:TAO, OTCQX:TAOIF, and FSE:T0P) (“TAG Oil” or the “Company”) announces pricing of its previously announced $10 million marketed public offering of units of the Company (the “Units”) at a price of $0.17 per Unit (the “Offering”).

    Certain members of management and directors of the Company intend to participate alongside investors in the Offering.

    The Offering is being led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited, Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp. and Tennyson Securities (collectively, the “Agents”).

    Each Unit will consist of one common share of the Company (“Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share (a “Warrant Share”) at an exercise price equal to $0.25 per Warrant Share at any time up to 24 months following the closing of the Offering.

    The Company intends to use the net proceeds of the Offering to advance appraisal and development activities in the Western Desert, Egypt, at both the Badr Oil Field and strategic new 512,000-acre concession and for working capital and general corporate purposes. Activities to be advanced with the proceeds include executing re-entry work on multiple existing wells to recomplete and/or drill a sidetrack into existing conventional oil reservoirs, the drilling of new vertical delineation wells in the unconventional Abu Roash “F” (ARF) resource play targeting high intensity natural fractured areas, and the planning of the next horizontal well with multi-stage frac.

    In addition, the Company plans to also complete a third-party resource report on the new strategic 512,000-acre concession that is in the process of being acquired and conduct a potential strategic joint venture partnership process.

    The Company has granted the Agents an option, exercisable in whole or in part, at the sole discretion of the Agents, at any time, from time to time, for a period of 30 days from and including the closing of the Offering, to purchase from the Company up to an additional 15% of the Units sold under the Offering, and/or the components thereof, on the same terms and conditions of the Offering to cover over-allotments, if any, and for market stabilization purposes.

    The Offering is expected to close on or about the week of November 13, 2024, or such other date as the Company and the Agents may agree. Closing of the Offering is subject to customary closing conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the securities regulatory authorities and the TSX Venture Exchange.

    The Company will file an amended and restated preliminary short form prospectus for up to 58,823,529 Units at the price of $0.17 per Unit for aggregate gross proceeds of up to $10 million (the “Amended and Restated Preliminary Prospectus”) with the securities regulatory authorities in each of the provinces of Canada (other than Québec) amending and restating the preliminary short form prospectus filed on October 21, 2024 setting out the terms of the Offering. The Amended and Restated Preliminary Prospectus will be available on SEDAR+ at www.sedarplus.com. The Units are being offered in each of the provinces of Canada (except Québec) and may be offered in the United States on a private placement basis pursuant to an appropriate exemption from the registration requirements under applicable U.S. law, and outside of Canada and the United States on a private placement or equivalent basis. Prospective investors should read the Amended and Restated Preliminary Prospectus and other documents the Company has filed before making an investment decision.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    About TAG Oil Ltd.

    TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

    For further information:

    Toby Pierce, Chief Executive Officer
    Phone: 1 604 609 3355

    Email: info@tagoil.com
    Website: http://www.tagoil.com/
    LinkedIn: https://www.linkedin.com/company/tag-oil-ltd
    X: https://twitter.com/tagoilltd

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

    Forward-Looking Statements

    This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Offering and the timing in respect thereof, participation by management of the Company in the Offering, the use of proceeds of the Offering, timely receipt of all necessary approvals, including the approval of the Exchange, the filing of the Amended and Restated Preliminary Prospectus and the proposed completion of a third party resource report.

    Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of TAG Oil. Such statements can generally, but not always, be identified by words such as “expects”, “plans”, “anticipates”, “intends”, “estimates”, “forecasts”, “schedules”, “prepares”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. All statements that describe the Company’s plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company’s management, and so involve inherent risks and uncertainties, as disclosed in the Company’s periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by TAG Oil that the actual results realized in the future will be the same in whole or in part as those presented herein. TAG Oil disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding TAG Oil’s business contained in TAG Oil’s reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on TAG Oil and the risks and challenges of its business, investors should review TAG Oil’s filings that are available at www.sedarplus.ca.

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

    Exploration for hydrocarbons is a speculative venture necessarily involving substantial risk. The Company’s future success in exploiting and increasing its current reserve base will depend on its ability to develop its current properties and on its ability to discover and acquire properties or prospects that are capable of commercial production. However, there is no assurance that the Company’s future exploration and development efforts will result in the discovery or development of additional commercial accumulations of oil and natural gas.

    The MIL Network –

  • MIL-OSI Canada: Protecting Albertans’ rights and freedoms

    Source: Government of Canada regional news (2)

    In response to increasing concerns that regulated professional bodies may be going too far in limiting individual freedom of expression and imposing compulsory training beyond the scope of their professional practice, Alberta’s government is launching an engagement this fall that will include hearing directly from affected members.

    As part of the province’s commitment to protecting the civil liberties of all Albertans, the government is considering legislative changes to clarify that professional regulatory bodies are limited to regulating members’ professional competence and behaviour. The engagement will ensure that professional regulatory bodies uphold the rights and freedoms of their members, and that Albertans can share their experiences and opinions. 

    “Freedom of expression is a bedrock in a democratic society. We’re committed to standing up for Albertans’ freedom and that includes ensuring Albertans are not coerced into self-censorship because of threats from their professional regulated bodies. Organizations that regulate professionals must strike a balance that upholds competence and ethics without restricting members’ rights and freedoms and we are working to ensure that balance is met.”

    Danielle Smith, Premier

    “We have heard from professionals receiving complaints from regulators, and in some cases facing actual disciplinary action for expressing personal beliefs and opinions unrelated to their professional competencies. This situation could result in self-censorship and infringe on their ability to speak and express opinions freely. We are initiating this review to ensure members’ rights and freedoms are protected.”

    Mickey Amery, Minister of Justice and Attorney General

    Eleven ministries with regulated professions in scope for this review will collect information and engage with professional regulatory bodies and other relevant groups as needed to inform policy decision-making.

    The review will be informed by input from professional regulatory bodies, regulated professionals and other organizations, associations or experts. These groups will be invited to share their views on whether regulatory oversight goes beyond professional competence and ethics in areas such as freedom of expression and opinion, training not related to professional competence, vexatious and bad faith complaints, third-party complaints and protection for those holding other roles in addition to their role as a regulated professional.

    Quick facts

    • Professional regulatory bodies protect the public interest by setting standards of competence and conduct for their members and disciplining those who fail to meet them.
    • The right to freedom of expression is protected under Section 2(b) of the Charter of Rights and Freedoms.
    • The review will include 118 regulated professional bodies under the mandates of 11 ministries.
      • These 118 professions and trades are governed by 67 different regulatory bodies. This number includes some provincial government ministries that directly regulate professions.
    • Each ministry did an inventory of the regulated professions under their mandates and determined which should be included in the review. Professions may be excluded from the review if:
      • They are not self-regulating.
      • Regulation for the profession is not yet in force.
      • There is no regulatory body or means to handle public complaints or disciplinary action against any member.
      • There is little or no regulatory role beyond certification.

    Related information

    • Regulated Professions Engagement

    Multimedia

    • Video with Premier Danielle Smith and Justice Minister Mickey Amery

    MIL OSI Canada News –

  • MIL-OSI Canada: New era begins for post-secondary in Lethbridge

    Source: Government of Canada regional news

    Polytechnic education provides a wide range of hands-on learning opportunities for students, developing valuable skills that can be used throughout a career. By focusing on practical training in high-demand fields, these institutions not only ensure that graduates are prepared to meet the needs of the evolving job market but also support the province’s economic growth and innovation.

    Lethbridge College officially became Alberta’s newest polytechnic institution, Lethbridge Polytechnic, on Sept. 3. On Oct. 23, the redesignated institution officially celebrated its new status and unveiled its new logo at a gathering of students and administration, community supporters and other dignitaries. 

    “Seeing the exciting, new visual identity really brings home the fact that this is the start of a whole new era for Lethbridge Polytechnic. Students in southern Alberta will have new options to pursue polytechnic education programs without having to travel to our province’s largest centres. This will help them reduce living costs while they study and lessen their time away from family and familiar support networks. And they will have expanded career options in their own region upon graduating.”

    Rajan Sawhney, Minister of Advanced Education

    “I’m thrilled to see Lethbridge College become Lethbridge Polytechnic. This will help create even more opportunities for students to gain the skills and knowledge they need for success. As an alumnus myself, I know just how valuable and important this institution is to our community.”

    Nathan Neudorf, MLA for Lethbridge-East

    The new name and visual identity reflect a changing mandate. As Lethbridge Polytechnic, the institution has an expanded capacity to create career-focused degree, diploma, certificate and apprenticeship education programs. The new designation also gives Lethbridge Polytechnic greater flexibility to align more effectively with local student and business needs.

    Since it was established as Lethbridge Junior College in 1957, Lethbridge Polytechnic has played a key role in the economic, social and cultural life of Lethbridge and surrounding area. The transition to Lethbridge Polytechnic enhances the post-secondary system in southern Alberta, adding its own distinct programming to existing university, college and First Nations College programs to meet the diverse needs of the region’s communities.

    “The unveiling of our new logo is about more than just a new design. It symbolizes our transition from Lethbridge College to Lethbridge Polytechnic, marking our evolution as an institution that’s forged on providing industry-driven, hands-on education. This transition represents the spirit of innovation, collaboration and community that runs through everything we do.”

    Michael Marcotte, board chair, Lethbridge Polytechnic

    “The logo is the result of talking to people who know our institution well. The result speaks to our past and future, and the caring, inclusive environment students say they find here.”

    Brad Donaldson, president and CEO, Lethbridge College

    The redesignation of Lethbridge Polytechnic is aligned with the goals of the Alberta 2030: Building Skills for Jobs strategy. The institution will offer an environment for applied research that aligns with high-demand industries in Alberta. Alberta’s government continues to work with Lethbridge Polytechnic to ensure a successful transition to polytechnic status.

    Quick facts

    • Polytechnic institutions in Alberta must offer apprenticeship education, and diploma and certificate programs. They are also able to offer degree programs.
    • Polytechnic status in Alberta supports the advancement of applied research and industry-driven results.
    • The Alberta 2030: Building Skills for Jobs strategy is a transformational vision and direction for Alberta’s higher education system, which will develop a highly skilled and competitive workforce, strengthen innovation and commercialization of research and forge stronger relationships between employers and post-secondary institutions.

    Related information

    • Alberta 2030: Building Skills for Jobs | Alberta.ca

    Related news

    • Enhancing post-secondary learning in Lethbridge (June 25, 2024)

    MIL OSI Canada News –