Category: Canada

  • MIL-OSI: Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Prime Dividend Corp. (The “Company”) declares its monthly distribution of $0.05992 for each Class A share and $0.06667 for each Preferred share. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 5 trading days of the preceding month. As a result, Class A shareholders of record on October 31, 2024 will receive a dividend of $0.05992 per share based on the VWAP of $7.19 payable on November 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

    Preferred shareholders will receive prime plus 2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.

    Since inception Class A shareholders have received a total of $13.83 per share and Preferred shareholders have received a total of $10.76 per share inclusive of this distribution, for a combined total of $24.59.

    The Company invests in a portfolio of high yielding Canadian Companies as follows:

    Banks Investment Management Life Insurance Utilities & Other
    Bank of Montreal AGF Management Ltd. Great-West Lifeco Inc. BCE Inc.
    Bank of Nova Scotia CI Financial Corp. Manulife Financial Corporation TransAlta Corp.
    CIBC IGM Financial Inc. Sun Life Financial Inc. TC Energy Corp.
    National Bank of Canada     Power Financial Corp.
    Royal Bank of Canada     TMX Group Inc.
    Toronto-Dominion Bank      
     
    Distribution Details  
       
    Class A Share (PDV) $0.05992
    Preferred Share (PDV.PR.A) $0.06667
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
     

    The MIL Network

  • MIL-OSI: Dividend Select 15 Corp. Declares Monthly Dividend

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend Select 15 Corp. (The “Company”) declares its monthly distribution of $0.05442 per Equity share. The distribution is payable November 8, 2024 to shareholders on record as of October 31, 2024.

    Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month. As a result, Equity shareholders of record on October 31, 2024 will receive a dividend of $0.05442 per share based on the VWAP of $6.53 payable on November 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

    Since inception, Equity shareholders have received a total of $10.65 per share inclusive of this distribution.

    The Company invests in a portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.

    Bank of Montreal Great West Lifeco Inc. TELUS Corporation
    BCE Inc.  Loblaw Companies Limited The Bank of Nova Scotia
    CIBC  National Bank of Canada The Toronto-Dominion Bank
    CI Financial Corp.  Ovintiv Inc. Thomson Reuters Corporation 
    Cenovus Energy Inc. Power Corporation of Canada TMX Group Inc.
    Enbridge Inc.  Royal Bank of Canada TransAlta Corporation
      Sun Life Financial Inc. TC Energy Corporation
    Distribution Details 
       
    Equity Share (DS) $0.05442 
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       

    Investor Relations: 1-877-478-2372        
    Local: 416-304-4443        
    dividendselect15.com        
    info@quadravest.com

    The MIL Network

  • MIL-OSI: Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $8.35 per share and Preferred shareholders have received a total of $11.96 per share inclusive of this distribution, for a combined total of $20.31 per unit.

    The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

    Distribution Details  
       
    Class A Share (LFE) $0.10000
    Preferred Share (LFE.PR.B) $0.06667
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       

    The MIL Network

  • MIL-OSI: Canadian Life Companies Split Corp. Declares Class A & Preferred Share Dividend

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    Since inception Class A shareholders have received a total of $8.35 per share and Preferred shareholders have received a total of $11.96 per share inclusive of this distribution, for a combined total of $20.31 per unit.

    The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.

    Distribution Details  
       
    Class A Share (LFE) $0.10000
    Preferred Share (LFE.PR.B) $0.06667
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       

    The MIL Network

  • MIL-OSI: M Split Corp. Monthly Dividend Declared for Class I Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — M Split Corp. (“M Split”) declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.

    M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.

    Distribution Details  
       
    Class I Preferred Share (XMF.PR.B) $0.03125
    Record Date: October 31, 2024
    Payable Date: November 8, 2024
       
       

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    http://www.m-split.com
    info@quadravest.com

    The MIL Network

  • MIL-OSI: Rate Increase of 7.7% and Monthly Distribution Declared for Quadravest Preferred Split Share ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Quadravest Capital Management Inc. (the “Manager”) is pleased to announce a 7.7% increase in the monthly distribution for the Quadravest Preferred Split Share ETF (“Preferred ETF”) from $0.65 to $0.70 per annum and declares a monthly distribution as follows:

      Amount Per Unit: $0.05833 CAD
      Record Date:  October 31, 2024
      Payment Date: November 8, 2024

    The increase in distribution is the result of increasing distributions received from portfolio holdings due to resetting, and the strong capital appreciation within the portfolio.

    The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio of preferred shares of split share corporations.

    Preferred ETF will seek to achieve its investment objectives by investing in an actively managed portfolio of split corp. preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Preferred ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities or income-generating securities, and securities that are convertible into any of the above noted securities provided such investments are consistent with the Preferred ETF’s investment objectives.

    Monthly distributions are targeted and will be set at the Manager’s sole discretion and may be changed or vary in subsequent periods, as announced by the Manager. If the total return on the portfolio of the Preferred ETF is less than the amount necessary to fund the monthly distributions and all expenses of the Preferred ETF, this will result in a portion of the distributions paid to unitholders being a return of the capital to unitholders and a decrease in NAV per unit.

    The Manager has assigned Preferred ETF a risk rating of “low”.

    For further details, please refer to Preferred ETF’s Facts document available on http://www.sedarplus.com or on Preferred ETF’s home page at http://www.quadravest.com.

    Founded in 1997, the Manager has a successful track record of creating and managing investment products with approximately $5 billion in assets under management, and proudly manages a portfolio of 13 publicly traded investment products including split share corporations and an investment trust.

    Commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the fund, to the future outlook of the fund and anticipated events or results and may include statements regarding the future financial performance of the fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

    The MIL Network

  • MIL-OSI Canada: Five recipients of the Quebec Fisheries Fund receive more than $830,000 in contributions from the Government of Canada and the Government of Quebec

    Source: Government of Canada News

    Five projects in the Gaspé Peninsula and the Lower St. Lawrence funded by Fisheries and Oceans Canada (DFO) and the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation du Québec (MAPAQ) under the Quebec Fisheries Fund.

    October 18, 2024

    Newport, Quebec

    Overview

    Five projects in the Gaspé Peninsula and the Lower St. Lawrence funded by Fisheries and Oceans Canada (DFO) and the Ministère de l’Agriculture, des Pêcheries et de l’Alimentation du Québec (MAPAQ) under the Quebec Fisheries Fund.

    A total of $583,515 in financial contributions from DFO. 

    Details

    MIL OSI Canada News

  • MIL-OSI Canada: Five beneficiaries of the Quebec Fisheries Fund receive over $830,000 in contributions from the Government of Canada and the Government of Quebec

    Source: Government of Canada News (2)

    News release

    October 18, 2024

    Newport, Quebec – Quebec’s fish and seafood industry is facing increasing competition and the need to adapt to an ever changing market. Working together through the Quebec Fisheries Fund (QFF), the Government of Canada and the Government of Quebec are helping the industry to innovate and reach its full potential.

    Today, the Honourable Diane Lebouthillier, Minister of Fisheries, Oceans and the Canadian Coast Guard, announced over $830,000 in QFF funding for five projects in the Gaspé Peninsula and the Lower St. Lawrence. The Government of Canada’s contribution to these projects is $583,515, while the Government of Quebec is contributing $250,077.

    Launched in 2019, the QFF supports innovation-driven projects in the areas of commercial fisheries, aquaculture, seafood harvesting and processing, and science partnerships. The funding announced today will help create opportunities and enhance the market value of high-quality, sustainable fish and seafood in Quebec.

    Quotes

    “The projects financed through the Quebec Fisheries Fund demonstrate the Government of Canada’s commitment to the sustainability of marine resources and support for local communities. This funding will provide significant support for the Gaspé Peninsula and Lower St. Lawrence fishing industry. By investing in innovation and the preservation of our maritime heritage, we are ensuring a prosperous future for our fish harvesters and the regions.”

    The Honourable Diane Lebouthillier
    Minister of Fisheries, Oceans and the Canadian Coast Guard

    “I am pleased with this financial support, which will enable businesses in the Gaspé Peninsula and Lower St. Lawrence to modernize their facilities and adopt technologies that will promote greater competitiveness. It is a priority for your government to contribute to the vitality of the maritime regions, particularly by supporting the fisheries and aquaculture sector. I wish all the projects the best of success!”

    André Lamontagne, Minister of Agriculture, Fisheries and Food, and Minister responsible for the Centre-du-Québec Region

    Quick facts

    • To date, 175 projects have received a total of $26.5 million from the Quebec Fisheries Fund.

    • Today’s announcement of over $830,000 will support three projects in the Gaspé Peninsula ($638,414) and two in the Lower St. Lawrence ($195,178).

    Related products

    Associated links

    Contacts

    Andrew Richardson
    Acting Director of Communications
    Office of the Minister of Fisheries, Oceans and the Canadian Coast Guard
    andrew.richardson@dfo-mpo.gc.ca

    Media Relations
    Fisheries and Oceans Canada
    Quebec Region
    418-648-5474
    media.qc@dfo-mpo.gc.ca

    Sophie J. Barma
    Press Secretary
    Office of the Minister of Agriculture, Fisheries and Food, and Minister responsible for the Centre-du-Québec Region
    Cell.: 581 993-5016
    sophie.jacques-barma@mapaq.gouv.qc.ca

    Stay connected

    MIL OSI Canada News

  • MIL-OSI United Kingdom: Haunting happenings at the Alley Theatre this Halloween

    Source: Northern Ireland – City of Derry

    Haunting happenings at the Alley Theatre this Halloween

    18 October 2024

    Join the Ghostly Gathering at the Alley Theatre this Halloween with a range of spooky shows, marvellous magic and weirdly wonderful workshops,

    Barking Dog Theatre Company presents two shows on Monday 28th October. First up is The Whittaker’s Ghost at 2pm. Enjoy this spine-tingling ghost story, based on a supposedly real-life tale in Montreal in Canada, that’s perfect for ghouls and ghosts aged five to 10-year-olds. Don’t worry about the story being scary, Barking Dog’s two talented actors (with the help of some puppets and children from the audience) present this exciting tale, specially adapted for children.
    With original music and audience participation as well as use of puppetry and mime, this is an ideal Halloween adventure.

    Perfect for little witches and wizards aged under-six ‘Teddy is in Spooky Wood’ will take place at 3.30pm. This is the story of Sammy Ragdoll and her best friend Eddy The Teddy as they take a walk through the woods. Sammy warns Eddy to stick to the path, but Eddy is easily distracted and has a tendency to wander off. Soon he is lost and letting his imagination run away with him. Don’t worry, the only one likely to be scared during this performance is Eddy the Teddy. The production uses many elements of theatre -mime, puppetry and songs for children to join in with. It’s a perfect introduction to live entertainment for children who’ve never been to a show before, and a welcome return for Eddy the Teddy’s young fans.  Tickets are £4 or Family Ticket £13 per show

    The Alley will be the web of entertainment on Halloween Day – Thursday 31st October from 12noon-5pm. Spend some time encouraging your little ones to learn about the world with the use of imaginative and interactive play at the ‘Roarsome Interactive Role Play Village’. Take this opportunity to step into a world where learning meets imagination! Watch as your little ones dive into a realm of make-believe, and explore the world around them in the most magical way possible, and let the adventures begin this Halloween. Various sessions available from 12noon – 4pm. Cost £2, suitable from walking age to five-year-olds.

    Everyone’s favourite magician Parky will also be entertaining all the ghouls, goblins, witches and wizards who visit the Alley for Halloween. His range of magical tricks will leave them spellbound with two shows at 1pm and 3.15pm. Word of warning – Be prepared for spooktacular laughter and giggles. Parky will perform at 1pm and 3.15pm. Admission is free, but must be pre-booked. 

    You can also get creative in the Alley’s Halloween inspired arts and crafts workshops from 1-5pm. A series of drop-in classes are available to allow you to make some Halloween inspired crafts. Free admission.

    For more information and tickets visit http://www.alley-theatre.com or call the box office on 028 71 384444.

    MIL OSI United Kingdom

  • MIL-OSI Security: Defense News: Military Sealift Command Far East Participates in Sama Sama

    Source: United States Navy

    “MSC Far East makes sure every U.S. military ship in the Indo-Pacific region is able to get fuel, ammo, and supplies; this can include services to our allies and partners,” said U.S. Navy Senior Chief Boatswain’s Mate Andrew Werner, MSC Far East, out of Singapore. “Without a Combat Logistics Force (CFL) or refueling ships, our fleet of ships, and those of some allies, such as the Philippines, would not be able to refuel at sea.”

    Sama Sama 2024, which was held Oct. 7-18, was hosted by the Armed Forces of the Philippines and the U.S. Navy, and featured participation from allies and partners throughout the Indo-Pacific region, including personnel and assets from Australia, Canada, France and Japan.

    MSC Far East provided subject-matter-expert instruction for the refueling-at-sea familiarization training, along with members attached to Commander, Destroyer Squadron (DESRON) 7, out of Singapore.

    “The purpose of the training was to get the PN familiar with underway replenishment gear on a ship, how to set it up, and how to conduct a safe underway-replenishment,” said Werner. “MSC Far East has Boatswain’s mates that are subject-matter-experts and can train the Philippine Sailors. We do the similar training with other allies and partners.”

    Underway replenishments of allied partners present a unique opportunity to strengthen partnerships and exercise compatibility of logistics systems.

    “The training went over the fundamentals of refueling and replenishing at sea,” said U.S. Navy Chief Boatswain’s Mate Francisco Fuentes, DESRON 7. “We also conducted hands-on training and observed their on-station procedures for refueling-at-sea, and looked at their replenishment-at-sea stations forward of the ship.

    “It was important for us to do hands-on training because it helped them understand our safety procedures, maintenance requirements, and types of equipment we use and our station procedures. This helps with our interoperability.”

    According to Werner, he hopes that the training was beneficial to the PN, and they can mutually build upon interoperability.

    “Every Navy does evolutions a little different and we were able to show them how on our U.S. Navy conducts a safe refueling—just about every week—when underway on deployment,” added Werner. “They were excited and motivated to learn and I look forward to working with them again in the future.”

    Sama Sama 2024 is a multilateral engagement that includes a sea and shore phase that will incorporate medical, engineering, logistics and symposiums, while diving and explosive ordnance disposal teams, naval vessels and maritime surveillance aircraft conduct exercises focused on anti-submarine, surface and air warfare, and maritime domain awareness.

    MSC Far East supports the U.S. 7th Fleet and ensures approximately 50 ships in the Indo-Pacific Region are manned, trained, and equipped to deliver essential supplies, fuel, cargo, and equipment to warfighters, both at sea and on shore.

    U.S. 7th Fleet is the U.S. Navy’s largest forward-deployed numbered fleet and routinely interacts and operates with allies and partners in preserving a free and open Indo-Pacific region.

    Celebrating its 75th anniversary in 2024, MSC exists to support the joint warfighter across the full spectrum of military operations, with a workforce that includes approximately 6,000 Civil Service Mariners and 1,100 contract mariners, supported by 1,500 shore staff and 1,400 active duty and Reserve military personnel.

    MIL Security OSI

  • MIL-OSI USA: NASA, Artemis Accords Signatories Progress on Sustainable Exploration

    Source: NASA

    A record number of Artemis Accords signatories, including the United States, gathered at the International Astronautical Congress (IAC), the world’s largest global space conference taking place in Milan this week, furthering discussions on the safe and responsible use of space for the benefit of all.
    During the space conference, top space agency leaders and other government representatives met Oct. 14 to continue advancing implementation of the Artemis Accords, marking the most comprehensive engagement yet among Accords signatories.
    “As we send humans further into the solar system, collaboration and shared responsibility among nations are more critical than ever,” said NASA Deputy Administrator Pam Melroy. “The Artemis Accords provide a common sense set of principles to guide our work together, and our recent efforts to further their implementation is fostering a remarkable environment of trust and cooperation where all nations can contribute to and benefit from these endeavors.”
    The high-level meeting was co-chaired by NASA, CSA (Canadian Space Agency) and Italian Space Agency. With 42 of 45 signatories participating, established and emerging spacefaring nations from every region of the world were represented to help create a foundation for future space exploration for the Artemis Generation.
    Leaders from each nation reflected on how the group can contribute to and advance existing multilateral forums, further technical discussions to inform policy deliberations, and promote and encourage the participation of emerging space nations including the adoption of the Artemis Accords by additional countries. They agreed on recommendations on non-interference, interoperability, release of scientific data, long-term sustainability guidelines, and registration to advance implementing the Artemis Accords. A method of operations was established for the ongoing work of the signatories.
    “Promoting the participation of emerging space nations and encouraging the adoption of the Artemis Accords is crucial for the entire space,” said Teodoro Valente, president of the Italian Space Agency. “This is a matter of strategic importance in order to ensure the active and meaningful engagement of emerging space nations, both those already part of the Artemis Accords, and those poised to join in the future.”
    The conversation in Milan built on previous work during a workshop in Montreal in May 2024, where participantsdelved into the topics such as non-interference and interoperability.
    “Canada is pleased to be part of a growing group of countries committed to the safety and sustainability of outer space activities,” said Lisa Campbell, CSA president. “We are strong supporters of the Artemis Accords and are pleased to have hosted the most recent workshop that advanced work on key aspects of the Artemis Accords. We look forward to continuing this important work in the coming months and years.”
    In October 2023, signatories agreed on an initial set of mission data parameters to advance transparency and non-interference in conducting space activities. The data parameters identify relevant information about planned lunar surface missions including expected launch dates, the general nature of activities, and landing locations. Recent progress also included work on a database to house them. Several space agencies, including NASA, have submitted mission data to the United Nations Office of Outer Space Affairs for dissemination.
    Potential focus areas for the next year include further advancing sustainability, including debris management for both lunar orbit and the surface of the Moon.
    In 2020, the United States and seven other nations were the first to sign the Artemis Accords, which identified a set of principles promoting the beneficial use of space for humanity. The Artemis Accords are grounded in the Outer Space Treaty and other agreements including the Registration Convention, the Rescue and Return Agreement, as well as best practices and norms of responsible behavior that NASA and its partners have supported, including the public release of scientific data. 
    The commitments of the Artemis Accords and efforts by the signatories to advance implementation of these principles support the safe and sustainable exploration of space.
    Learn more about the Artemis Accords at:
    https://www.nasa.gov/artemis-accords
    -end-
    Amber Jacobson / Elizabeth ShawHeadquarters, Washington202-358-1600amber.c.jacobson@nasa.gov / elizabeth.a.shaw@nasa.gov

    MIL OSI USA News

  • MIL-OSI Security: Musquodoboit Harbour — RCMP welcomes new Musquodoboit Harbour Detachment Commander

    Source: Royal Canadian Mounted Police

    The Nova Scotia RCMP has appointed Sergeant Christopher Attewell as Detachment Commander for the Musquodoboit Harbour Detachment.

    “I have a passion for community policing,” says Sgt. Attewell. “It’s about building partnerships with residents and businesses so that together we can make our communities safer. I’ve worked in Musquodoboit Harbour since 2021, and I’m looking forward to serving the area in this new role.”

    Originally from Seeley’s Cove, New Brunswick, Sgt. Attewell graduated from RCMP Depot in 2009. After graduation, he was posted to RCMP Halifax Regional Detachment, where he worked in Lower Sackville and Cole Harbour.

    In 2014, Sgt. Attewell transferred to Hopedale, Newfoundland, and then to Happy Valley-Goose Bay, before being promoted to a position in Sanikuluaq, Nunavut.

    In 2021, Sgt. Attewell returned to Nova Scotia. He’s served the province in a variety of roles. He has worked in the Emergency Operations Centre, assisting with critical incidents, and as an Incident Commander for ground search and rescue.

    Outside of policing, Sgt. Attewell volunteers with Scouts Canada and coaches youth sports.

    MIL Security OSI

  • MIL-OSI Canada: Transformation and expansion of an industrial building in Ahuntsic-Cartierville into a new art center and community space, the CAB – Battat Art Center

    Source: Government of Canada News (2)

    News release

    Montreal (Quebec), October 18th, 2024 — The renovation and expansion of an old industrial building to create the Battat Art Center, the CAB, will reduce the ecological footprint of the building and support art and culture. The project is made possible by a $10.2 million investment from the federal government.

    Announced by the Honorable Mélanie Joly, this project, located on Port-Royal Street in the Ahuntsic-Cartierville borough, will offer a variety of spaces for creation and performance, supporting artists and promoting public appreciation of the arts.

    A thriving economy needs strategic investments in green infrastructure to build a sustainable future for Canadians, with access to good jobs, while limiting impacts on the local environment.

    The funding for this artistic building will be used to preserve the exterior envelope, as well as its existing architectural and structural components made of wood, masonry, and steel. The Center has prioritized the enhancement of the built heritage rather than starting from scratch. A new structure, primarily made of large timber from Quebec, will be erected to promote this craftsmanship and structural system. Additionally, the expansion will be built following zero-carbon building design standards and will increase the existing space from two to four floors, allowing for the installation of artist studios and exhibition rooms. This initiative supports the values of sustainable development by integrating ecological and economic strategies while providing quality spaces for the artistic community.

    The GICB program aims to improve the places Canadians work, learn, play, live and come together by cutting pollution, reducing costs, and supporting thousands of good jobs.

    Through green and other upgrades to existing public community buildings and new builds in underserved communities, the GICB program helps ensure community facilities are inclusive, accessible, and have a long service life, while also helping Canada move towards its net-zero objectives by 2050.

    Furthermore, the Battat Art Center will also receive a maximum financial support of one million dollars from the Government of Quebec, through the Programme d’innovation en construction bois (PICB).

    About the Battat Art Center (CAB)

    The CAB is a nonprofit multidisciplinary creation and dissemination space that gives artists the freedom to experiment without external constraints or expectations. The center stands out from the expected contemporary art trajectory by prioritizing the artist and their process over the final product.

    Housed in a former stone masonry building located in the heart of Ahuntsic-Cartierville in Montreal, the CAB is one of the first significant artistic pillars in the community. The project aims to symbolize cultural renewal by offering artist studios, exhibition and performance spaces, places for exchange, green areas, and a café. It also provides a unique artistic and community program for this neighborhood, which is undergoing an identity transformation. By valuing collaboration among creators and supporting access to art, the CAB aims to establish an ideal environment for creation—an inclusive and participatory space for both artists and the community.

    The CAB intentionally embraces the imprint of accumulated layers from past industrial activity and ongoing and future artistic endeavors. With a vision of sustainable, carbon-neutral architecture, the center is an open space where heritage, the public, and new creation come together to give rise to a refreshing artistic momentum in Montreal with international reach.

    Quotes

    “By investing in our green infrastructure, we are investing in the future of our communities. I am pleased to announce this federal funding, here in my riding of Ahuntsic-Cartierville, for the renovation and transformation of the building that will house the Centre d’art Battat. In addition to supporting arts and culture, this initiative will play a crucial role in reducing our environmental footprint through the use of eco-responsible materials.”

    The Honourable Mélanie Joly, Minister of Foreign Affairs and Member of Parliament for Ahuntsic-Cartierville, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

    “Another example of the immense potential of Quebec lumber! More wood in construction means more beauty for our cities and, above all, more eco-friendly and sustainable buildings. We are proud to support developers who promote the use of wood in construction. In doing so, we recognize the essential role that the forestry sector plays in the decarbonization of our economy. Congratulations to the Battat Art Center for their vision!”

    Maïté Blanchette Vézina, Minister of Natural Resources and Forests and Minister responsible for the Bas-Saint-Laurent and Gaspésie–Îles-de-la-Madeleine regions.

    “The Battat Art Center (CAB) is an example of the transformation of the Central District, a vibrant neighborhood in Ahuntsic-Cartierville that offers redevelopment opportunities for new industries in technology, culture, design, and urban manufacturing. The CAB is a pioneer of urban redevelopment that aligns with our vision for the future of Montreal. The CAB‘s program of artistic creation and public presentation is poised to undoubtedly become a model of renewal for our borough.”

    Émilie Thuillier, Borough Mayor Ahuntsic-Cartierville

    “We wish to create a space for creation and dissemination that supports contemporary artists. We also want to provide a living environment with open, welcoming, and warm public spaces where the entire neighborhood can come together and connect. It is important for us to respect the heritage of our building by preserving its structure and reclaiming its materials, while also transforming it to incorporate green spaces and a café. We envision welcoming school and community groups, giving them close access to the arts and artists.”

    Anne-Marie Barnard, Executive Director, Battat Art Centre

    Quick facts

    • The federal government is investing $10,227,308 in this project through the Green and Inclusive Community Buildings (GICB) program.

    • The GICB program was created in support of Canada’s Strengthened Climate Plan: A Healthy Environment and a Healthy Economy. It is supporting the Plan’s first pillar by reducing greenhouse gas emissions, increasing energy efficiency, and helping develop higher resilience to climate change. 

    • The program is providing $1.5 billion over five years towards green and accessible retrofits, repairs or upgrades. 

    • At least 10% of funding is allocated to projects serving First Nations, Inuit, and Métis communities, including Indigenous populations in urban centres.

    • The application period for the Green and Inclusive Community Buildings program is now closed.

    • Launched in 2021, le Programme d’innovation en construction bois (PICB) of the Government of Quebec has already funded 31 innovative projects as of March 31, 2024.

    • The PICB is part of Objective 10 of the Policy for the Integration of Wood in Construction, and its funding comes from the Quebec Government’s 2030 Green Economy Plan.

    Associated links

    Contacts

    For more information (media only), please contact:

    Sofia Ouslis
    Communications Advisor
    Office of the Minister of Housing, Infrastructure and Communities
    sofia.ouslis@infc.gc.ca

    Media Relations
    Housing, Infrastructure and Communities Canada
    613-960-9251
    Toll free: 1-877-250-7154
    Email: media-medias@infc.gc.ca
    Follow us on XFacebookInstagram and LinkedIn
    Web: Housing, Infrastructure and Communities Canada

    Patricia Larivière
    Press Relations
    Citoyen Relations for CAB- Centre d’art Battat
    514-244-9033
    patricia.lariviere@citizenrelations.com

    Media Relations
    Ministère des Ressources naturelles
    et des Forêts du Québec
    medias@mrnf.gouv.qc.ca
    Tél. : 418 521-3875

    MIL OSI Canada News

  • MIL-OSI Canada: New Stratford event space to welcome visitors and residents

    Source: Government of Canada News

    Government support for waterfront development project opens opportunities for celebrations, promotion of culture and history  

    October 18, 2024 · Stratford, Prince Edward Island · Atlantic Canada Opportunities Agency (ACOA)

    As one of the fastest growing communities in PEI, the Town of Stratford is committed to meeting the needs of its residents by increasing access to health and wellness services, cultural activities, and new business opportunities. The Government of Canada understands that investments in community infrastructure bring long-term economic benefits with improved quality of life for all.

    A place to celebrate

    Today, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food and Member of Parliament for Cardigan, attended the grand opening of the new Stratford Waterfront Gathering and Event Space, and announced a total investment of $500,000 to the Town of Stratford to support the extensive boardwalk and event ground upgrades. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.

    Minister MacAulay was joined by Stratford Deputy Mayor Steve Gallant and the Honourable Gilles Arsenault, PEI Minister of Environment, Energy, and Climate Action.

    The new gathering space, part of a larger waterfront core area development plan, features prominently the existing Michael Thomas Statue and Diversity Fountain, erected in 2014. Additions include an extended timber boardwalk and large plaza with seating, lookout platforms, electrical for outdoor performances, as well as lighting upgrades along the boardwalk. The investment will promote active transportation, elevate tourism, and support business growth within the community.

    Today’s announcement further demonstrates the Government of Canada’s dedication to a more inclusive, greener, and sustainable future for communities in Atlantic Canada.

    MIL OSI Canada News

  • MIL-OSI Canada: Tourism offers a taste of Newfoundland and Labrador

    Source: Government of Canada News

    News release

    Federal, provincial governments invest to help Hospitality Newfoundland and Labrador expand tourism offerings

    October 18, 2024 · St. John’s, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)

    From fresh seafood caught from the Atlantic Ocean to foraged ingredients found along coastal trails to incredible protein and produce from local farms, Newfoundland and Labrador offers visitors a unique and immersive culinary experience. The Government of Canada, together with the Government of Newfoundland and Labrador, is investing to help expand and promote the region’s culinary tourism offerings.

    Investments helping to expand culinary tourism

    Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA, announced a non-repayable federal investment of $981,000 to help Hospitality Newfoundland and Labrador promote and develop culinary experiences in the province.

    The Honourable Sarah Stoodley, Minister of Immigration, Population Growth and Skills

    and Minister Responsible for Francophone Affairs, also announced a contribution of $246,000 on behalf of the Government of Newfoundland and Labrador’s Department of Industry, Energy and Technology.

    This project will help promote Newfoundland and Labrador as a one-of-a-kind culinary destination, encouraging visitors to stay longer and explore more – and boosting year-round tourism revenue everywhere in the province.

    Elevating Tourism in Atlantic Canada

    Minister Hutchings also launched Elevate Tourism – a new, time-limited initiative to help private sector (commercial) tourism businesses attract more high-impact, value-driven visitors from outside Atlantic Canada. Nearly half these visitors are looking for trips that give them an elevated experience. The repayable initiative will help businesses develop high-quality products and experiences that reflect Atlantic Canada’s unique character and offerings.

    For more information about Elevate Tourism and eligibility criteria, please see the associated links below.

    The Government of Canada is committed to supporting the long-term sustainability of local agriculture and food systems and to helping Atlantic Canadian tourism operators develop fresh approaches and innovative ways to grow their businesses, all while creating meaningful jobs and world-class experiences that bring visitors to its shores.

    Quotes

    “A food experience brings us together – across our cultures, across communities and across countries. Culinary tourism gives visitors another experience in Newfoundland and Labrador.  We have unique flavours, talented chefs and cooks and our famous hospitality. So from festivals to fishing, foraging, farming and breweries and more, we have something for everyone.”

    –        The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA


    “Hospitality Newfoundland and Labrador is working to foster a culinary tourism ecosystem that supports local communities, preserves cultural heritage and creates economic opportunities to advance the tourism sector. Through this project, the province will build on its reputation as a culinary destination and encourage community building and sustainable economic development while also encouraging regional partnerships.”

          –    The Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology 

     

    “The kitchen tables of Newfoundland and Labrador have been welcoming folks from far and wide for centuries.  Sharing the bountiful wit, charm and humour of the people of the province around these tables has become legendary across Canada and the World. Today’s announcement recognizes the importance of not only who is around those tables – but what is on those tables. This investment in the Food & Beverage industry of Newfoundland and Labrador will enhance the edible experiences that are offered across the province and be a catalyst to elevate the level and diversity of the human hospitality that we are so known for.”

    –        Chef Todd Perrin, Food and Beverage Representative, Board of Directors, Hospitality Newfoundland and Labrador

    Quick facts

    • Food tourism focuses on exploring a destination through its local food and drink offerings, while providing visitors with experiences centered around culture, culinary traditions and local ingredients.

    • The federal funding announced today is delivered through the Atlantic Canada Opportunities Agency (ACOA)’s Regional Economic Growth through Innovation (REGI) program.

    • The Province of Newfoundland and Labrador’s investments are delivered through the Department of Industry, Energy and Technology’s Regional Development Fund.

    • Since the pandemic, investment in tourism in Canada has recovered to 98% of its level in 2019, compared to just 88% in Atlantic Canada.

    Associated links

    Contacts

    Connor Burton

    Press Secretary

    Office of the Minister of Rural Economic Development and of the Atlantic Canada Opportunities Agency

    Connor.Burton@acoa-apeca.gc.ca

    Paul McGrath

    Director of Communications

    Atlantic Canada Opportunities Agency

    709-689-5731

    Paul.Mcgrath@acoa-apeca.gc.ca

    Brodie Thomas

    Media Relations Manager

    Industry, Energy and Technology

    709-729-5248, 709-725-3759

    brodiethomas@gov.nl.ca

    Craig Foley

    Chief Executive Officer

    Hospitality Newfoundland and Labrador

    709-722-2000

    cfoley@hnl.ca

    MIL OSI Canada News

  • MIL-OSI Canada: Construction of an 88-place French-language daycare centre in Val Therese: A major investment in early childhood

    Source: Government of Canada News

    The Government of Canada announces a significant investment to promote the vitality of official-language minority communities.

    VAL THERESE, Ontario, October 18, 2024

    Investing in Francophone daycare centres and French education promotes the vitality of official language minority communities and strengthens their sense of belonging.

    Today, Marc G. Serré, Parliamentary Secretary to the Minister of Energy and Natural Resources and to the Minister of Official Languages, and Member of Parliament (Nickel Belt), accompanied by Viviane Lapointe, Member of Parliament (Sudbury), announced an investment of more than $4.2 million in a daycare centre in Val Therese and the EarlyON Centre in Ontario. They made the announcement on behalf of the Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages.

    The investment will allow for the construction of a new 88-place daycare centre in Val Therese, a project that will meet the growing needs of families in the community. This daycare centre will have five rooms: one for 10 infants, two for 30 toddlers, and two for 48 preschool-aged children. The official opening is scheduled for September 2025.

    This initiative is in addition to another project, the construction of the new French Catholic elementary school in Val Therese. The integration of a daycare centre into this school will allow children to start learning in a French-speaking institution from early childhood, strengthening their education in the French language from an early age.

    This project reflects the Government of Canada’s ongoing commitment to supporting French-language education and early childhood services, while promoting the development of local community educational infrastructure.

    The investment was made through the Action Plan for Official Languages 2023–2028: Protection–Promotion–Collaboration, unveiled on April 26, 2023.

    The Ontario government’s investment in the daycare centre and the EarlyON Centre amounts to nearly $1.4 million.

    John Fragos
    Communications Advisor
    Office of the Minister of Employment, Workforce Development and Official Languages
    john.fragos@hrsdc-rhdcc.gc.ca

    MIL OSI Canada News

  • MIL-OSI Canada: Government of Canada invests in innovation and growth with support for EVAH Corp.

    Source: Government of Canada News

    The business receives a total of $800,000 in financial assistance from CED.

    The business receives a total of $800,000 in financial assistance from CED.

    Laval, Quebec, October 18, 2024Canada Economic Development for Quebec Regions (CED)

    Supporting innovation and growth contributes to economic development in Quebec’s regions. That is why Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED, the Honourable Soraya Martinez Ferrada, today announced two repayable contributions totalling $800,000 for EVAH Corp. This CED support has enabled the business to cover external professional fees and to acquire equipment to ensure its growth by establishing a laboratory and research and development office in Laval focusing on animal health.

    Founded in 2020, EVAH Corp., a biotechnology business that first began operating in Saint-Hyacinthe, works in the animal health sector. The business is positioning itself in an international market where the research and development of alternatives to traditional antibiotics is necessary. Its team of managers and scientists are focusing on the acquisition and development of technologies and collaborating with research and development experts to bring its solutions to the pre-commercialization stage.

    An initial contribution of $500,000 has made it possible to cover external professional fees related to the certifications needed for technologies and scientific conferences, as well as professional fees related to the protection of intellectual property. The second contribution, in the amount of $300,000, has enabled EVAH Corp. to acquire and install laboratory and research equipment, including two collaborative robots, a biosafety cabinet, a spectrophotometer, a gel apparatus, as well as a centrifuge and ultracentrifuge.

    The Government of Canada recognizes and supports innovative businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they are key assets in building a sustainable, inclusive economy.

    Quotes

    “Our government is committed to investing to ensure our SMEs remain competitive and innovative. Thanks to CED’s support, Laval’s EVAH Corp. has been able to cover professional fees and acquire and install laboratory and research equipment to continue to innovate in the life sciences field. We are here to assist workers and Quebec and Canadian SMEs by helping them equip themselves well to build a stronger, more resilient, more sustainable economy together.”

    Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED

    “Helping a business grow and innovate so it can share an important technology with those living in Canada is a priority for our government. That is why we are supporting this promising project by EVAH Corp., which recently opened its new scientific laboratories in Laval. Its success and the spin‑offs of its projects will be felt across the Greater Montréal region and throughout the Quebec and Canadian economy as a whole. I am delighted with our government’s assistance for this business and the impact EVAH Corp. will have on the animal health sector.”

    The Honourable Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED

    “We are grateful for the federal government’s support, which is enabling us to continue to innovate in the field of animal health. This new infrastructure in Laval marks an important step in EVAH Corp.’s growth and strengthens our ability to offer innovative solutions to meet the growing needs of the industry both in Canada and internationally.”

    Michel Fortin, Co‍-‍founder and President and CEO, EVAH Corp.

    Quick facts

    • The funding announced today has been granted under the Jobs and Growth Fund (JGF). This program targets businesses and economic organizations to help them prepare local economies for long‑term growth. This involves strategic investments in projects that will reduce Canada’s environmental impact and foster a green, resilient economy.
    • Funding has also been provided under CED’s Regional Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
    • In Quebec, SMEs account for 99.7% of the province’s businesses and 50% of its GDP.
    • CED is the key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.

    Associated links

    Information

    Media Relations
    Canada Economic Development for Quebec Regions
    media@dec-ced.gc.ca

    Marie-Justine Torres
    Press Secretary
    Office of the Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions
    Cell: 613-327-5918
    marie-justine.torresames@ised-isde.gc.ca

    Stay connected

    Follow CED on social media
    Consult CED’s news

    MIL OSI Canada News

  • MIL-OSI USA: Five Years Ago: First All Woman Spacewalk

    Source: NASA

    The fifth anniversary of the first all-female spacewalk by NASA astronauts Christina H. Koch and Jessica U. Meir seems like a good time to tell the story of women spacewalkers. Since the first woman stepped outside a spacecraft in 1984, 23 women from four nationalities have participated in 61 spacewalks. These women made significant contributions to their national and international programs, conducting pioneering work during their spacewalks. Their accomplishments include servicing of satellites, assembly and maintenance of space stations, conducting research, and testing new spacesuits. Since the first spacewalk performed by a woman in 1984, women have displayed their contributions in performing extravehicular activities and there has even been four all women spacewalks since then.
    Table listing women with spacewalk experience.
    As of Oct. 18, 2024, 79 women have flown in space, and 23 of them have donned spacesuits of different designs and stepped outside the relative comfort of their spacecraft to work in the harsh environment of open space. The various spacesuits, Russian Orlan, American Extravehicular Mobility Unit, Chinese Feitian-2, and SpaceX’s new design, all provide protection from the harsh environment, essentially turning the astronauts into individual spaceships. They all provide the crew members with the ability to carry out complicated tasks in open space.
    Left: Soviet cosmonaut Svetlana Y. Savitskaya during her historic spacewalk outside the Salyut 7 space station. Middle: NASA astronaut Kathryn D. Sullivan during her historic spacewalk during STS-41G. Right: NASA astronaut Kathryn C. Thornton on her second spacewalk on STS-61.
    Soviet cosmonaut Svetlana Y. Savitskaya made history on July 17, 1984, as the first woman to make a second trip into space, on her second visit to the Salyut 7 space station. Savitskaya made history again on July 25 as the first woman to participate in a spacewalk. During the 3-hour 35-minute excursion, Savitskaya tested a multipurpose tool for electron beam cutting, welding, soldering, and brazing.
    Less than three months later, on Oct. 11, NASA astronaut Kathryn D. Sullivan completed the first spacewalk by an American woman from space shuttle Challenger during the STS-41G mission. Sullivan helped test the in-orbit transfer of hydrazine using the Orbital Refueling System. With Sally K. Ride as one of Sullivan’s crewmates, the flight marked the first time a space crew included two women.
    NASA astronaut Kathryn C. Thornton completed her first spacewalk in 1992 during STS-49, the second American woman to walk in space. During this excursion, Thornton tested assembly techniques for the future space station. Thornton earned the recognition as the first woman to make more than one spacewalk when she completed two spacewalks on STS-61, the first mission to service the Hubble Space Telescope.
    Left: NASA astronaut Linda M. Godwin, the first woman to conduct a spacewalk at Mir during STS-76. Middle left: NASA astronaut Tamara E. Jernigan, the first woman to perform a spacewalk at the International Space Station during STS-96. Middle right: Expedition 2 NASA astronaut Susan J. Helms, the first female long-duration crew member to conduct a spacewalk during the STS-102 docked phase. Right: Godwin during STS-108, the first woman to complete spacewalks at Mir and the space station.
    NASA astronaut Linda M. Godwin has the distinction as the first woman of any nationality to conduct a spacewalk at Mir. As a member of the STS-76 crew, on March 27, 1996, she took part in a 6-hour 2-minute spacewalk to install handrails and four space exposure experiments onto Mir’s Docking Module. Godwin returned to space on STS-108, and on Dec. 10, 2001, took part in a spacewalk lasting 4 hours 12 minutes to install insulation blankets on the space station, earning the title as the first woman to conduct spacewalks at both Mir and the space station.
    NASA astronaut Tamara E. Jernigan conducted the first spacewalk by a woman at the embryonic International Space Station. On May 29, 1999, during STS-96, the second space station assembly flight, Jernigan participated in a 7-hour 55-minute spacewalk to install U.S. and Russian cargo cranes, foot restraints, and tool bags.
    Expedition 2 NASA astronaut Susan J. Helms performed a spacewalk on March 11, 2001, during the STS-102 docked phase to relocate the Pressurized Mating Adaptor-3 (PMA-3) from Node 1’s nadir port to a berth on its port side, to enable the berthing of the Leonardo Multi-Purpose Logistics Module. This marked the first time a woman long-duration crew member performed a spacewalk. Its 8-hour 56-minute duration makes it the longest spacewalk in history.
    A collage of NASA astronaut Peggy A. Whitson’s 10 spacewalks during space station Expeditions 5, 16, and 50/51.
    As an Expedition 5 flight engineer, NASA astronaut Peggy A. Whitson participated in her first spacewalk on Aug. 16, 2002. Clad in an Orlan spacesuit and using the Pirs module airlock, she assisted in the installation of six debris shield panels on the Zvezda Service Module. Whitson completed her next five spacewalks, wearing Extravehicular Mobility Units and using the Quest airlock, as commander of Expedition 16, one of the busiest assembly and reconfiguration periods at the space station. The primary objectives for the first three of these spacewalks, conducted on Nov. 9, Nov. 20, and Nov. 24, involved relocating the Harmony Node 2 module and PMA-2 to the front of Destiny and preparing Harmony for the arrival of the Columbus module. Work during the fourth and fifth excursions on Dec. 18 and Jan. 30, 2008, had Whitson conduct inspections and maintenance on the station’s solar array joints. During her next mission to the space station, a 289-day stay that set a new record as the longest single flight by a woman, she completed a further four spacewalks. During Expedition 50, on Jan. 6, 2017, she upgraded the station’s power system by installing three new lithium-ion batteries, and on March 30 installed electrical connections to the PMA-3 recently relocated to Harmony’s top-facing port.
    During Expedition 51, as station commander once again, Whitson stepped outside on May 12 to replace an avionics package on an external logistics carrier and installed a protective shield on PMA-3. Her 10th and final excursion involved a contingency spacewalk to replace a backup data converter unit that failed three days earlier. With her 10 excursions, Whitson shares a seven-way second place tie for most spacewalks; only one person has conducted more. And with regard to total spacewalk time, she places sixth overall, having spent a total of 60 hours, 21 minutes outside the station.
    Left: During STS-115, NASA astronaut Heidemarie M. Stefanyshyn-Piper conducts the first of her five career spacewalks. Middle: During STS-116, NASA astronaut Sunita L. Williams after the conclusion of the  first of her seven career spacewalks. Right: Expedition 20 NASA astronaut Nicole P. Stott during her STS-128 spacewalk.
    During STS-115, NASA astronaut Heidemarie M. Stefanyshyn-Piper participated in two of the mission’s three spacewalks. The primary tasks of the excursions on Sept. 12 and 15, 2006, involved the addition of the P3/P4 truss segment including a pair of solar arrays to the station. During her second visit to the space station on STS-126, Stefanyshyn-Piper completed three more spacewalks on Nov. 18, 20, and 22, 2008. Tasks accomplished during these excursions included performing maintenance on one of the solar array joints, replacing a nitrogen tank, and relocating two equipment carts.
    During Expedition 14, NASA astronaut Sunita L. Williams completed four spacewalks. During the first excursion during the STS-116 docked phase on Dec. 16, 2006, the primary task involved the reconfiguration of the station’s power system. The primary tasks for Williams’ three Expedition 14 spacewalks on Jan. 31, Feb. 4, and Feb. 8, 2007, involved completing the reconfiguration of the station’s cooling system. As a flight engineer during Expedition 32, Williams conducted spacewalks on Aug. 30, 2012, to replace a faulty power routing unit and prepare the station for the arrival of the Nauka module, and on Sept. 5, 2012, to install a spare power unit. During Expedition 33, Williams assumed command of the station, only the second woman to do so, and during a spacewalk on Nov. 1, 2012, repaired an ammonia leak. Across her seven spacewalks, Williams spent 50 hours 40 minutes outside the station.
    Expedition 20 NASA astronaut Nicole P. Stott completed her one and only spacewalk on Sept. 1, 2009, during the STS-128 docked phase. The objectives of the 6-hour 35-minute excursion involved preparing for the replacement of an empty ammonia tank and retrieving American and European experiments from the Columbus module.
    Left: NASA astronaut Tracy C. Dyson during Expedition 24, at the conclusion of the first of her four career spacewalks. Middle: During Expedition 48, NASA astronaut Kathleen H. Rubins takes the first of her four career spacewalks. Right: Expedition 59 NASA astronaut Anne C. McClain on the first of her two spacewalks.
    On July 24, 2010, during Expedition 24, one of the station’s ammonia pump modules failed. The loss of coolant forced controllers to shut down several critical station systems although neither the vehicle nor the crew were ever in danger. The failure resulted in two of the Expedition crew members including NASA astronaut Tracy C. Dyson performing three contingency spacewalks on Aug. 7, 11, and 16, 2010, to replace the pump module. The repairs took nearly 23 hours of spacewalking time. During her next mission, Expedition 71, Dyson began a spacewalk on June 24, 2024, but a leak in her suit forced the cancellation of the excursion after 31 minutes.
    NASA astronaut Kathleen H. Rubins completed two spacewalks during Expedition 48. During the first, on Aug. 19, 2016, she helped to install the first of two international docking adapters (IDA) to PMA-2 located at the forward end of Harmony. The IDA allows commercial spacecraft to dock autonomously to the space station. During the second excursion on Sept. 1, she retracted a thermal radiator, tightened struts on a solar array joint, and installed high-definition cameras on the outside of the station. Rubins conducted two more spacewalks during her second mission, Expedition 64. On Feb. 28, 2021, she began to assemble and install modification kits for upcoming solar array upgrades, completing the tasks during the next spacewalk on March 5.
    During her first spacewalk on March 22, 2019, Expedition 59 NASA astronaut Anne C. McClain replaced older nickel hydrogen batteries with newer and more efficient lithium-ion batteries. McClain ventured out for her second spacewalk on April 8 to install a redundant power circuit for the station’s Canadarm robotic arm and cables for more expansive wireless coverage outside the station.
    Left: Expedition 59 NASA astronaut Christina H. Koch during the first of her six career spacewalks. Right: NASA astronauts Jessica U. Meir, left, and Koch, assisted by their Expedition 61 crewmates, prepare for the first all-woman spacewalk.
    During Expedition 59, Koch conducted her first spacewalk on March 29. She helped to install three newer lithium-ion batteries to replace six older nickel hydrogen batteries. The Expedition 61 crew conducted a record nine spacewalks between October 2019 and January 2020, and women participated in five of them. Koch’s second and third spacewalks on Oct 6 and 11 continued the work of replacing the station’s batteries.
    Koch and fellow NASA astronaut Jessica U. Meir made history on Oct. 18 when they floated outside the space station to carry out the first all-woman spacewalk, one of several excursions to replace the station’s batteries. The capsule communicator (capcom), the person in the Mission Control Center at NASA’s Johnson Space Center in Houston who communicates with the astronauts in space, for this historic spacewalk was three-time space shuttle veteran Stephanie D. Wilson.
    “As much as it’s worth celebrating the first spacewalk with an all-female team, I think many of us are looking forward to it just being normal,” astronaut Dyson said during live coverage of the spacewalk.
    Koch and Meir conducted two more all-woman spacewalks on Jan. 15 and 20, 2020, continuing the battery replacement tasks. During her six spacewalks, Koch spent 44 hours 15 minutes outside. In addition to her spacewalk accomplishments, Koch set a new record of 328 days for a single spaceflight by a woman.
    Left: Wang Yaping during the first spacewalk by a Chinese woman astronaut from the Tiangong space station. Image credit: courtesy of CNSA. Middle: NASA astronaut Kayla S. Barron during the first of two spacewalks during Expedition 66. Right: During Expedition 67, Italian astronaut Samantha Cristoforetti conducts the first spacewalk by a woman from the European Space Agency.
    During her second trip into space, People’s Republic of China astronaut Wang Yaping launched aboard the Shenzhou 13 spacecraft as part of the second resident crew to live aboard China’s Tiangong space station. On Nov. 7, 2021, she stepped outside the space station, the first Chinese woman to do so, wearing a Feitian-2 spacesuit. She spent 6 hours 25 minutes installing a grapple fixture for the facility’s robotic arm.
    During Expedition 66, NASA astronaut Kayla S. Barron completed two spacewalks. During the first one, on Dec. 2, 2021, Barron replaced a faulty communications antenna. On March 15, 2022, during the second spacewalk, she assembled and installed modification kits required for future solar array upgrades.
    Italian astronaut Samantha Cristoforetti conducted the first spacewalk by a female European Space Agency astronaut. For the excursion on July 21, 2022, she wore an Orlan spacesuit and used the Poisk module airlock. Objectives of the spacewalk included deploying 10 nanosatellites, working to install the European robotic arm on the Nauka module, and reconfiguring cargo booms.
    Left: Chinese astronaut Liu Yang, left, during her spacewalk from the Tiangong space station. Image credit: courtesy of CNSA. Right. NASA astronaut Nicole A. Mann at the conclusion of her first spacewalk during Expedition 68.
    As a member of the third expedition aboard the Tiangong space station, Chinese astronaut Liu Yang participated in a spacewalk on Sept. 1, 2022. This marked the first use of the airlock in the Wentian module. Activities during the excursion included installing work stations and an additional cooling pump for the Wentian module.
    Expedition 68 NASA astronaut Nicole A. Mann participated in two spacewalks, on Jan. 20, and Feb. 2, 2023. Objectives of the excursions included assembling and installing brackets for upcoming solar array upgrades.
    Left: Laurel A. O’Hara, left, and Jasmin Moghbeli, right, prepare for their spacewalk during Expedition 70. Right: SpaceX astronaut Sarah L. Gillis performs the first commercial spacewalk by a woman during the Polaris Dawn mission.
    During Expedition 70, NASA astronauts Jasmin Moghbeli and Loral A. O’Hara performed the fourth all-woman spacewalk. The primary activity during the excursion involved replacement of bearings in a solar array joint.
    SpaceX employee Sarah L. Gillis performed the first female commercial spacewalk during the Polaris Dawn mission on Sept. 12, 2024. During the 1 hour 46 minute excursion, Gillis tested the flexibility of the SpaceX designed spacesuit.

    MIL OSI USA News

  • MIL-OSI: Harbourfront Announces Acquisition of $1.2 Billion CIRO Dealer

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — The Harbourfront Group (“Harbourfront”) today announced its acquisition of Rothenberg Wealth Management (“Rothenberg”). This deal includes a registered investment dealer under the Canadian Investment Regulatory Organization (“CIRO”) and a guaranteed investment certificate dealer.

    This latest acquisition brings Harbourfront’s approximate assets under administration (“AUA”) to CAD$8 billion and further expands the company’s presence in Québec and Alberta.

    “We’re thrilled to announce Harbourfront’s acquisition of Rothenberg; we share a strong cultural alignment and believe our increased scale and offering will allow us to better serve the clients of our combined firm,” said Danny Popescu, Chief Executive Officer and Founder of Harbourfront. “Our national success in wealth management comes from Harbourfront’s commitment to client service and our partnership model for advisors. Acquisitions of high-quality firms like Rothenberg will continue building our momentum as a leader among independent wealth firms.”

    As part of the transaction, Harbourfront is acquiring Rothenberg & Rothenberg Annuities, the firm’s life insurance and annuities company. Acquiring Rothenberg builds upon Harbourfront’s recent acquisition of Cornerstone Investment Counsel Ltd., completed in June 2024.

    “Finding the best opportunities for our advisors and their clients is an essential part of our job; we strongly believe Harbourfront Wealth is the premier choice to grow together for many years to come,” said Robert Rothenberg, Chief Executive Officer of Rothenberg Wealth Management.

    About Rothenberg Wealth Management
    Founded in 1986, Rothenberg is an independent Canadian employee-owned and client-focused investment firm, known for delivering holistic wealth planning and investment management serving thousands of Canadians from coast to coast, with offices in Montreal and Calgary. Learn more: http://www.rothenberg.ca.

    About Harbourfront Wealth Management
    Founded in 2013, Harbourfront Wealth Management is an independent wealth advisory and investment management firm headquartered in Vancouver, British Columbia, and has a rapidly growing network of over 30 branches across Canada. The Harbourfront Group includes a registered securities dealer/investment advisory firm servicing established advisors and their high-net-worth clients, an investment fund manager that specializes in third party managed alternative investment funds, and a U.S. SEC registered investment advisory firm. Learn more: http://www.harbourfrontwealth.com.

    Media Contact
    Andrea Magee, Communications Director
    Harbourfront Wealth Management
    amagee@harbourfrontwealth.com
    778.200.5179

    The MIL Network

  • MIL-OSI China: Defense Ministry Spokesperson’s Remarks on Recent Media Queries Concerning the Military 2024-10-18 On the afternoon of October 15th, spokesperson for the Ministry of National Defense Senior Colonel Wu Qian answered recent media queries concerning the military.

    Source: People’s Republic of China – Ministry of National Defense 2

    On the afternoon of October 15th, spokesperson for the Ministry of National Defense Senior Colonel Wu Qian answered recent media queries concerning the military.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    (The following English text is for reference. In case of any divergence of interpretation, the Chinese text shall prevail.)

    I have four pieces of information at the top.

    The first one.

    At the invitation of China’s Ministry of National Defense, defense attachés from more than 60 countries including Pakistan, Singapore, South Africa, Jordan, the United Kingdom, Kazakhstan, Canada and Argentina went to the PLA Eastern Theater Command area on October 14th for a five-day visit. This visit will help them better understand the Chinese path to modernization, especially the great achievements made by the people’s military in the new era, and will advance the friendly cooperation between the PLA and their militaries.

    The second one.

    According to the annual plan and the consensus reached between China and Thailand, the Commando 2024 joint army training will be held in Yunnan Province from mid- to- late October. The training focuses on joint counter-terrorism operations, including manned/unmanned coordination, special blasting, helicopter fast-roping, and joint search and clearing. It aims to improve interoperability between the Chinese and Thai armies and bolster regional stability.

    The third one.

    The PLA Army Engineering University will host the 11th International Army Cadets Week (IACW) in Nanjing from October 28th to November 3rd. Officer cadets from military academies of countries including Argentina, Egypt, Italy, Pakistan, and Singapore will participate in the event. Under the theme of “Enhancing the Capability of Junior Officers for Future Warfare”, this year’s IACW will have themed discussions, leadership challenges, live-fire shooting training, cultural exchange and other activities. The IACW is a platform for officer cadets to communicate and learn from each other.

    The fourth one.

    The PLA Army Command College will host the Zhongshan International Forum in Nanjing from October 21st to 25th. Army representatives from over ten countries including Laos, Cambodia, Iran, Tanzania and Kazakhstan will participate in the event. Under the theme of “Future-oriented and New Type Modern Army”, the forum will have themed discussions on such topics as “objectives and trends in army development”, “theoretical innovation for army combat and training”, “army deployment in MOOTW”, and “cultivation of army commanders and staff officers”. The forum will facilitate exchanges and mutual learning among the participants, and promote theoretical innovation for army development.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    Question: It is reported that the recruitment of naval pilot cadets for 2025 has started. Please tell us more about it.

    Wu Qian: The PLA Navy recently launched the naval pilot cadet recruitment for 2025. As usual, eligible high school graduates and fresh graduates from universities either with a bachelor’s or master’s degree could apply. In reference to the recruitment standards in major naval powers, the PLA Navy has loosened the criteria on eye sight, widening the scope of applicants to include those who have received vision correction surgery. To meet takeoff/landing requirements for carrier-borne aircraft in complex sea conditions, the Navy has added such testing items as stereoscopic vision, visual contrast sensitivity, magnetic resonance imaging and chest CT scanning, as well as a 15-hour airborne ability screening, to make the recruitment more science-based and precise.

    Pursue your dream to fly in the Navy, and serve the country with dedication and loyalty. The recruitment of naval pilot cadets for 2025 started on October 15th. We welcome young people to join this cause for the brave and become dancers on the blade. For more details, please log on to http://www.hjzf.mil.cn.

    Question: Naval forces from the United States, Japan, India and Australia conducted Exercise Malabar in the Indian Ocean on October 8th. Some reports say this exercise is directed at China and can enhance the Quad mechanism among the four countries in security areas. What’s your comment?

    Wu Qian: China believes that security cooperation among relevant countries should not harm the interests of any third party or undermine regional peace and stability. The so-called Quad mechanism has become a sheer political tool for the United States to contain China and maintain its hegemony. We firmly oppose relevant parties to use China as an excuse to stir up confrontation and escalate regional tensions. A small circle bloc will not make any big difference. The Asia-Pacific should be a grand stage where countries join hands to cooperate, rather than an arena for geopolitical competition. We require relevant countries to give up their obsession with zero-sum mindset and put more efforts on protecting regional security, instead of doing the opposite.

    Question: It is reported that the Japanese Defense Ministry recently released reports and photos about the movements of the PLA Navy’s Liaoning aircraft carrier task group, which sailed around the Philippines, and was then joined by the aircraft carrier Shandong in Hainan. Please comment on that.

    Wu Qian: We have noticed the media hype by the Japanese side. The Japanese photographer is trying to catch headlines, and is showing off his or her techniques again. Recently, the PLA Navy sent the Liaoning aircraft carrier task group to conduct training in waters of the South China Sea. This is a routine arrangement within the annual plan that is aimed to enhance the task group’s combat capability. The PLA will routinely organize similar training activities in the future.

    Senior Colonel Wu Qian, spokesperson for the Ministry of National Defense (MND) of the People’s Republic of China (PRC), answers recent media queries concerning the military on the afternoon of October 15, 2024. (mod.gov.cn/Photo by He Youwen)

    Question: According to media reports, the US Government Accountability Office recently accused Raytheon of fraud in selling expensive weapons to Taiwan, which procured the Patriot missile system in 2013 and radar systems in 2017 from that company. A public opinion representative from the Kuomintang criticized US arms dealers as fraud dens. Do you have any comment?

    Wu Qian: We firmly oppose US provision of weapons to China’s Taiwan region. I believe what the reports revealed is only a tip of the iceberg. The Democratic Progressive Party Authorities have been doing everything to court their masters in the US to buy weapons, which only wasted the hard-earned money of people in Taiwan. It is evident that what they bought are pieces of junk that only benefited corrupted officials and arms dealers. There are growing opposition and dissatisfaction from the local people.

    Sky-high price and obsolete functions are two hallmarks of US arms sales to Taiwan. From mouldy bulletproof vest to expired ammunition to expensive missiles and radars, we can see that the Americans only care about American interests. “Taiwan Independence” is a dead end and outsiders are never reliable. Those who try to rely on US support for independence will only court their own destruction.

    Question: Japan’s new Prime Minister Shigeru Ishiba once suggested establishing an “Asian version of NATO” and working with Western countries in containing China. Officials from the Japanese Defense Ministry said China and Russia’s infringement upon Japan’s airspace is a regional and international concern. Please comment on that.

    Wu Qian: In disregard of fact on the ground, the Japanese side often hypes-up the non-existent “China threat” to divert the international community’s attention from its military expansion. China is strongly opposed to this approach. It is known to all that Japan has broken away from its pacifist constitution and “exclusively defense-oriented” policy in recent years, and largely enhanced its military preparedness, such behavior has put its Asian neighbors and the international community on high alert.

    We urge the Japanese side to stop forming exclusive military alliances and “cliques”, be very cautious with its words and deeds regarding military security, and do more for regional peace and stability.

    Question: The Israel Defense Force recently attacked the United Nations Interim Force In Lebanon (UNIFIL). What’s your comment? Are Chinese peacekeepers safe?

    Wu Qian: China is seriously concerned about and strongly condemns the Israeli military’s attack on the UNIFIL. China firmly opposes any attack on UN peacekeepers. We require a thorough investigation on the incident and hold those responsible accountable. We urge relevant parties to take real actions to prevent such an incident from happening again. The parties involved in the conflict must ensure the safety of the personnel and assets of the UNIFIL.

    The Chinese peacekeeping units in Lebanon are safe now. China is closely monitoring the security situation in Lebanon, and will take additional measures to strengthen security protection of our troops.

    MIL OSI China News

  • MIL-OSI Economics: Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 36,992 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to September (Q1-Q3) 2024, which represents a 12.5% year-on-year (YoY) decline over 42,288 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database disclosed that the volume of M&A deals declined by 6.7% during Q1-Q3 2024 compared to Q1-Q3 2023 while the number of private equity deals and venture financing deals experienced YoY fall of 8.9% and 22.2%, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The majority of the decline in global deal activity came from Q1 and Q2 while the impact was relatively much lesser in Q3. Although the deal activity continued to remain subdued in 2024, the impact seems to be diminishing in recent months or quarters. For instance, the decline in Q3 2024 compared to Q3 2023 remained at just 1%, whereas when compared between Q1 2024 and Q1 2023, the decline stood much higher at around 20% in Q1 2024.

    “The relatively lesser decline could be attributed to improving deal-making sentiments in some regions. In fact, the trend across regions also remained a mixed bag during Q1-Q3 2024, with regions like Asia-Pacific showcasing just a single-digit decline while North America experienced a double-digit decline.”

    North America experienced a 16% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023, whereas Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions saw respective deal volume fall by 13.6%, 6.8%, 7.6%, and 22.3% YoY.

    Bose adds: “Deal activity across several countries also remained a mixed bag, with some experiencing significant decline and some witnessing relatively lesser decline while few markets experienced improvement.”

    For instance, the US, the UK, China, Canada, Germany, France, Italy, the Netherlands, Spain, and Sweden witnessed YoY decline in deal volume by 15.4%, 7.2%, 22.8%, 21%, 17.9%, 30.8%, 9.4%, 16.7%, 20.2%, and 16%, respectively, during Q1-Q3 2024. Meanwhile, India, Japan, and Australia witnessed deal volume improve by 9.6%, 16.2%, and 2.2% during Q1-Q3 2024 compared to Q1-Q3 2023, respectively.

    MIL OSI Economics

  • MIL-OSI Banking: Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Source: GlobalData

    Global deal activity down by 12.5% YoY during Q1-Q3 2024, finds GlobalData

    Posted in Business Fundamentals

    A total of 36,992 deals (comprising mergers & acquisitions (M&A), private equity, and venture financing deals) were announced globally during January to September (Q1-Q3) 2024, which represents a 12.5% year-on-year (YoY) decline over 42,288 deals announced during the same period in 2023, according to GlobalData, a leading data and analytics company.

    An analysis of GlobalData’s Deals Database disclosed that the volume of M&A deals declined by 6.7% during Q1-Q3 2024 compared to Q1-Q3 2023 while the number of private equity deals and venture financing deals experienced YoY fall of 8.9% and 22.2%, respectively.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “The majority of the decline in global deal activity came from Q1 and Q2 while the impact was relatively much lesser in Q3. Although the deal activity continued to remain subdued in 2024, the impact seems to be diminishing in recent months or quarters. For instance, the decline in Q3 2024 compared to Q3 2023 remained at just 1%, whereas when compared between Q1 2024 and Q1 2023, the decline stood much higher at around 20% in Q1 2024.

    “The relatively lesser decline could be attributed to improving deal-making sentiments in some regions. In fact, the trend across regions also remained a mixed bag during Q1-Q3 2024, with regions like Asia-Pacific showcasing just a single-digit decline while North America experienced a double-digit decline.”

    North America experienced a 16% YoY decrease in the number of deals announced during Q1-Q3 2024 compared to Q1-Q3 2023, whereas Europe, Asia-Pacific, Middle East and Africa, and South and Central America regions saw respective deal volume fall by 13.6%, 6.8%, 7.6%, and 22.3% YoY.

    Bose adds: “Deal activity across several countries also remained a mixed bag, with some experiencing significant decline and some witnessing relatively lesser decline while few markets experienced improvement.”

    For instance, the US, the UK, China, Canada, Germany, France, Italy, the Netherlands, Spain, and Sweden witnessed YoY decline in deal volume by 15.4%, 7.2%, 22.8%, 21%, 17.9%, 30.8%, 9.4%, 16.7%, 20.2%, and 16%, respectively, during Q1-Q3 2024. Meanwhile, India, Japan, and Australia witnessed deal volume improve by 9.6%, 16.2%, and 2.2% during Q1-Q3 2024 compared to Q1-Q3 2023, respectively.

    MIL OSI Global Banks

  • MIL-OSI: Angus Gold Successfully Targets High-grade Gold in BIF-Hosted Gold System; Intersects 5.4 g/t Au over 3.0 metres and 6.0 g/t Au over 1.8 metres, within broader envelope of 111 metres grading 1.0 g/t Au Golden Sky Project, Wawa

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — Angus Gold Inc. (TSX-V: GUS | OTC: ANGVF) (“Angus” or the “Company”) is pleased to announce assay results from the first four (4) exploration holes that were completed on the BIF Gold Zone as part of its August 2024 drill program at the Golden Sky Project in Wawa, Ontario.

    Highlights:

    • The main focus of the 2024 drill program was to improve both our understanding of the size of the BIF Gold Zone and the geometry of higher-grade ore shoots at depth.
    • Down-plunge drilling results at the BIF Gold Zone indicate the mineralized system is thick and continuous:
      • Hole GS24-157 returned 111.0 metres of mineralization grading 1.0 g/t Au, including 5.4 g/t Au over 3.0 metres and 6.0 g/t Au over 1.8 metres.
    • All down-plunge drilling results provided useful information for interpreting the preferred orientation of higher-grade ore shoots at depth to improve future targeting.
    • New gold mineralization intersected at 270 metres true depth:
      • Hole GS24-156 returned 9.6 metres of mineralization grading 1.1 g/t Au, indicating the system has significant depth potential.
    • Additional BIF Gold Zone drilling results expected in the coming weeks.

    Breanne Beh, Chief Executive Officer of Angus, states: “We are very pleased with the results so far from our 2024 BIF drilling program, with additional results expected in the coming weeks. These four holes were designed specifically to improve our understanding of the size and geometry of the mineralization at the BIF Gold Zone. The results of GS-24-157 are incredibly encouraging as we were able to gain a better understanding of just how large this BIF-hosted gold system could potentially be. Within the mineralized intervals we had over a dozen high-grade samples between 2 and 8 g/t Au, confirming the potential for higher-grade shoots. We are currently modeling these results in 3D to identify preferred orientations of the high-grade mineralization. In addition, the discovery of another zone of mineralization at depth in GS-24-156 is very encouraging as it indicates the continued exploration potential of the 6.0 kilometres of banded iron formation present on the Golden Sky property. BIF-hosted gold deposits are extremely complex, however, we have made significant progress over a relatively short period of time. These current results were successful in providing the information we need to advance our model another step forward and will allow us to plan our next drill program to begin defining the high-grade zones.”  

    The 2024 drilling program on the BIF was designed to test new hypotheses regarding the structural controls on the gold mineralization. The four (4) drill holes published in this press release were designed with the intention of understanding the size of the low-grade envelope of gold mineralization in the BIF Gold Zone in addition to, improving the understanding of the geometry of the apparent high-grade ore shoots plunging within. All four holes returned numerous intersections of > 2.0 g/t Au material within a broad envelope of low-grade gold mineralization. This information is now being used to help improve the modelling of what were thought to be repeated high-grade ore shoots. Hole GS-24-157 was most successful at defining the extents of the gold system with two separate intersections of gold mineralization grading 1.0 g/t Au, one of 12.0 metres and the second of 111.0 metres, including a dozen high-grade intercepts >2.0 g/t Au. With these results we can begin to visualize how large the BIF Gold Zone system is. The thickness and continuity of the results continue to indicate strong potential for the area to host significant BIF-hosted gold mineralization.

    In addition, hole GS-24-156 was successful at intersecting a new zone of gold mineralization grading 0.8 g/t Au over 16.9 metres, including 2.3 g/t Au over 1.0 metres and 2.4 g/t Au over 1.0 metres, at 270 metres true depth. This is the deepest hole that has been drilled on Angus’ BIF Gold Zone to date and indicates the continued potential for new zones of mineralization to be discovered.

    Similar to GS-24-157, holes GS-24-154, GS-24-155 and GS-24-156 returned a pattern of repeating > 2.0 g/t Au intersections within a broad envelope of lower-grade Au mineralization. These initial results are encouraging and indicate the potential for repeated or stacked ore shoots within the large mineralized system. Notable intersections are listed in the table below.

    Selected drill results from the 4 holes at the Golden Sky drilling program are, as follows:  

    Hole Number From (m) To (m) Length (m) Au g/t Area
    GS-24-154 10.9 14.0 3.1 1.6 BIF
    including 12.8 14.0 1.2 2.8
    GS-24-154 77.6 78.6 1.0 2.3
    GS-24-154 85.5 130.0 44.5 0.7
    including 98.0 99.0 1.0 3.7
    including 100.0 101.0 1.0 2.5
    including 103.0 104.0 1.0 2.9
    including 118.0 119.0 1.0 2.3
    including 122.0 123.0 1.0 2.5
    including 125.0 126.0 1.0 2.1
    GS-24-154 146.0 147.0 1.0 3.6
    GS-24-154 158.0 166.0 8.0 1.1
    GS-24-155 97.5 143.0 45.5 0.8 BIF
    including 99.0 100.9 1.9 2.0
    including 106.5 111.0 4.5 1.2
    including 114.0 121.0 7.0 1.0
    including 126.0 131.0 5.0 1.5
    GS-24-155 158.0 162.0 4.0 2.0
    GS-24-156 12.8 21.6 8.8 1.7 BIF
    including 15.2 20.1 4.9 2.9
    GS-24-156 82.1 89.0 6.9 1.0
    including 87.0 88.0 1.0 2.9
    GS-24-156 123.0 144.0 21.0 0.9
    including 123.0 127.0 4.0 2.0
    including 132.0 136.0 4.0 1.3
    including 141.0 142.0 1.0 2.3
    GS-24-156 269.0 285.9 16.9 0.8
    including 276.3 285.9 9.6 1.1
    including 278.0 279.0 1.0 2.3
    including 283.9 284.9 1.0 2.4
    GS-24-157 50.0 62.0 12.0 1.0 BIF
    including 55.7 56.4 0.7 5.5
    including 60.0 61.0 1.0 2.4
    GS-24-157 107.0 218.0 111.0 1.0
    including 108.0 109.0 1.0 2.6
    including 112.0 113.0 1.0 2.3
    including 115.0 116.0 1.0 2.7
    including 131.0 133.0 2.0 3.8
    including 139.0 141.0 2.0 4.7
    including 145.5 147.0 1.5 3.9
    including 158.0 160.0 2.0 2.9
    including 173.0 174.0 1.0 2.8
    including 179.0 182.0 3.0 5.4
    including 185.0 186.0 1.0 2.4
    including 202.0 203.8 1.8 6.0
    including 215.4 218.0 2.6 2.6

    (1) Assay results presented over core length. Additional drilling will be necessary to constrain the true width of the mineralized envelope of the gold system.

    Figure 1: Surface Map – BIF new drilling, Golden Sky Airborne Magnetics Map        

    The Golden Sky Project
    The 100%-owned Golden Sky Project is located within the Mishibishu Lake Greenstone Belt of Northern Ontario, which is host to Wesdome’s high-grade Eagle River and the Mishi open-pit gold mines. The Company’s 290-square-kilometres land package is located approximately 50 kilometres west of the town of Wawa and is situated immediately between the two Wesdome mines.

    The ongoing drill program on the Golden Sky Project is focused on the Dorset Gold Zone, which hosts a historic gold resource; the BIF Zone, a new gold zone discovery in a large banded iron formation; as well as the Eagle River Splay deformation zone, which shows potential for another extensive gold system. Angus’ drill programs on the near-surface Dorset Gold Zone have been successful at extending the strike length of the previously modelled zone from 750 metres to 1.7 kilometres. The Dorset Gold Zone historic estimated resource (using a 0.50 g/t Au cut-off) consists of an indicated resource of 40,000 ounces of gold (780,000 tonnes grading 1.4 g/t Au), and an inferred resource of 180,000 ounces of gold (4,760,000 tonnes grading 1.2 g/t Au). For greater details on the Golden Sky Project, please refer to the NI 43-101 technical report for the Golden Sky Project entitled, “NI 43-101 Technical Report Wawa Property Ontario, Canada” dated February 18, 2020, and available on the Company’s SEDAR profile.

    Qualified Person
    The scientific and technical content of this press release has been reviewed and approved by Breanne Beh, P.Geo, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and Chief Geologist for the Company.

    Quality Control
    During the last drilling program, assay samples were taken from the NQ core by sawing the drill core in half, with one-half sent to a certified commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. Repeats were carried out by fire-assay followed by gravimetric testing on each sample containing 3.0 g/t gold or more.

    About Angus Gold:
    Angus Gold Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of highly prospective gold properties. The Company’s flagship project is the Golden Sky Project in Wawa, Ontario. The Project is immediately adjacent to the Eagle River Mine of Wesdome Gold Mines Ltd. 

    On behalf of Angus Gold Inc.,

    Breanne Beh
    President and Chief Executive Officer

    INQUIRIES:
    Email: info@angusgold.com
    Phone: 647-259-1790
    Company Website: http://www.angusgold.com

    TSXV: GUS | USOTC: ANGVF

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

    Forward-Looking Statements

    This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the ability to anticipate and counteract the effects of COVID-19 pandemic on the business of the Company, including without limitation the effects of COVID-19 on the capital markets, commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel, failure to receive requisite approvals in respect of the transactions contemplated by the Agreement, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

    An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c968e7d-83e1-4ac1-a1fd-b55a9cb7a16a

    The MIL Network

  • MIL-OSI: PlayVS and Omnic.AI Enter into Game-Changing Partnership to Elevate Esports Performance

    Source: GlobeNewswire (MIL-OSI)

    BRUNSWICK, Ga., Oct. 16, 2024 (GLOBE NEWSWIRE) — PlayVS, the leading esports platform in North America, today announced a strategic partnership with Omnic.AI, a self-service platform that helps players game smarter with AI. The collaboration is set to transform how gamers refine their skills and achieve greater success in competitive play. 

    As a global leader in esports player performance data and analytics, Omnic.AI uses AI and machine learning to gather insights and perform a detailed analysis of gameplay for users. Their flagship platform, Omnic Forge, analyzes gaming footage and provides players with feedback and statistics to improve their performance in titles including Valorant, Fortnite, Rocket League, Overwatch2 and soon Madden. The new partnership will bring this cutting-edge technology to PlayVS’ vast community of gamers at no cost to high school students, helping them gain a competitive edge in their scholastic leagues. 

    Through Omnic, Forge players can upload five matches at a time and receive two basic insights per match in a free account. They can also match with pro players who share their gaming style and receive detailed match analysis data. Fore Plus players can upload unlimited matches and receive deeper analysis and insights into their gameplay. PlayVS will also assist in the initial training of Omnic Forge AI through esports coaches that will consult on the platform’s insights.

    “We’re excited to collaborate with PlayVS to bring our gaming analysis capabilities to a broader audience,” said Shaun Meredith, Omnic.AI Co-founder and CEO. “This partnership aligns perfectly with our mission to help gamers improve their skills, win more games, and have fun.”

    PlayVS is committed to making esports more accessible to youth, while also providing students with valuable skill building opportunities in STEM and leadership. Through its partnership with Omnic.AI, PlayVS aims to enhance the player experience by helping them better understand their in-game performance and integrate real-time feedback. This approach not only improves their gameplay, but also equips them with transferable skills such as critical thinking, adaptability, and effective communication—skills that are essential both in and out of the game.

    “Teaming up with Omnic.AI represents a significant leap forward in how we support and develop young gamers,” said Jon Chapman, PlayVS CEO. “Their innovative technology will help our community refine their skills and stand out among other gamers, empowering them to continue to refine their craft and reach new heights in and out of the world of esports.” 

    This collaboration between PlayVS and Omnic.AI is set to redefine the future of competitive gaming for youth players. By offering advanced AI analytical tools and skill development resources, PlayVS ensures that students are equipped to excel in esports and gain valuable life skills that will serve them beyond the game. Together, PlayVS and Omnic.AI aim to empower the next generation of players to achieve their full potential.

    Students 13 years and older who are interested in using Omnic Forge can sign up here.

    About PlayVS

    PlayVS (pronounced Play Versus) is North America’s leading scholastic esports platform, on a mission to unlock the many benefits of esports for players everywhere. PlayVS offers a single community in which players, coaches, educators and parents come together to compete, connect and grow through the power of esports. PlayVS is the official high school esports partner to the NFHS Network, the Special Olympics and state and regional organizations in the U.S. and Canada that offer officially sanctioned scholastic esports leagues. To learn more about PlayVS, users can visit https://playvs.com/.

    About Omnic.AI

    Omnic.AI is an AI platform for gaming designed to help users game smarter. The self-service platform uses computer vision and deep learning techniques to help every-day gamers, pros and content creators replace hours of manual work, anecdotal theory, and intuition with automation and personalized data driven insights. Omnic.AI was founded in 2021 by MIT alumnus and former nuclear engineer Shaun Meredith.

    Contact

    Press
    Omnic.AI
    info@omnic.ai

    The MIL Network

  • MIL-OSI: Condor’s Initial Artificial Lift Program Increases Well Productivity by 100% to 300%

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) — Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based energy transition company is pleased to provide an operational update for its eight gas field production enhancement project in Uzbekistan.

    Production for the third quarter of 2024 averaged 10,010 boepd with corresponding sales of $19 million. During the third quarter, the Company started a multi-well workover program, and the initial results are exceeding expectations. Seven made-in-Canada artificial lift systems (“plunger lifts”) have been installed with the initial three wells adding a cumulative 330 boepd of incremental production. The corresponding gas flow rates are 100% to 300% higher than prior to the workovers based on 24 hour production tests of each well. The four other wells are currently being reactivated and expected to be producing shortly.

    In addition to further plunger lift installations, the ongoing workover program will also perforate by-passed and new gas reservoir intervals that were recently identified from an ongoing logging program and detailed reviews of the existing well stock.

    Given the initial workover program successes, the Company has contracted a second workover rig to begin activities by early November 2024. With over 100 wells in the eight fields, there is a large inventory of both producing and shut-in wells available for evaluation, recompletion and optimization opportunities to profitably grow production.

    The Company is currently installing a made-in-Canada in-line flow separation system which separates water from the gas streams at the field gathering network rather than at the production facility. This will reduce pipeline flow pressures that can lead to higher reservoir flow rate. This technology has been successfully deployed in similar conditions in Western Canada and is expected to be operational by early November 2024. Additional systems are being manufactured for installation in the coming months.

    Don Streu, President and CEO of Condor commented: “We are very excited that the initial workover program results are greatly exceeding expectations. Early operational learnings have reduced subsequent workover days and well reactivation times. As the second workover rig ramps up, we are confident production rates will materially increase as there will be a larger inventory of enhanced wells returning to production. We also anticipate the proven in-line flow separators will add incremental production during this quarter.

    “In parallel with our production enhancement activities, we’ve implemented our safety culture through ongoing employee and contractor training which has resulted in zero lost time and environmental incidents since the start of the project.”

    ABOUT CONDOR ENERGIES INC

    Condor Energies Inc is a TSX-listed energy transition company that is uniquely positioned on the doorstep of European and Asian markets with three distinct first-mover initiatives: increasing natural gas and condensate production from its existing fields in Uzbekistan; an ongoing project to construct and operate Central Asia’s first LNG facility in Kazakhstan; and a separate initiative to develop and produce lithium brine in Kazakhstan. Condor has already built a strong foundation for reserves, production and cashflow growth while also striving to minimize its environmental footprint.

    FORWARD-LOOKING STATEMENTS

    Certain statements in this news release constitute forward-looking statements under applicable securities legislation. Such statements are generally identifiable by the terminology used, such as “anticipate”, “appear”, “believe”, “intend”, “expect”, “plan”, “estimate”, “budget”, “outlook”, “scheduled”, “may”, “will”, “should”, “could”, “would”, “in the process of” or other similar wording. Forward-looking information in this news release includes, but is not limited to, information concerning: the timing and ability to install additional plunger lift systems; the timing and ability to reactivate four other wells; the timing and ability to perforate by-passed and new gas reservoir intervals that were recently identified; the timing and ability to contract a second workover rig to begin activities by early November 2024; the timing and ability to install and commission the inline flow separator by November 2024; the timing and ability of the inline separator to reduce pipeline flow pressures that can lead to higher reservoir flow rates; the timing and ability to manufacture additional separation units for installation in the coming months; the timing and ability to reduce subsequent workover days and well reactivation times; the timing and ability to materially increase production rates; and the timing and ability for the in-line flow separators to add incremental production during this quarter.

    ABBREVIATIONS

    The following is a summary of abbreviations used in this news release:
       
    boepd Barrels of oil equivalent per day
    $ Canadian dollars
       

    The TSX does not accept responsibility for the adequacy or accuracy of this news release.

    For further information, please contact Don Streu, President and CEO or Sandy Quilty, Vice President of Finance and CFO at 403-201-9694.

    The MIL Network

  • MIL-OSI: TransUnion Analysis Finds Fraud Costing Businesses Equivalent of Nearly 7% of Revenues

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 16, 2024 (GLOBE NEWSWIRE) — A global TransUnion (NYSE: TRU) analysis found that fraud continues to significantly impact businesses and their bottom lines. The newly released H2 2024 Update to the State of Omnichannel Fraud Report, which explores fraud trends in the first half (H1/January 1-June 30, 2024) of this year, also found that the lender risk exposure to synthetic identities for U.S. auto loans, bank credit cards, retail credit cards and unsecured personal loans reached their highest point ever.

    Among the key findings in the report were the results of a TransUnion survey of more than 800 business leaders in Canada, India, the U.K. and the U.S. which revealed total fraud losses of 6.5% equivalent of their companies’ revenue. This totaled approximately $359 billion among these business leaders’ organizations, a number which projects out exponentially greater when considering these represent only a small percentage of business leaders. Among those surveyed in the U.S., they said their company lost the equivalent of 6.7% of their revenue due to fraud over the past year, totaling $112 billion.

    In addition, 75% of the global survey respondents said that every type of fraud they measured stayed the same or increased year-over-year (YoY). Nearly half of respondents indicated that scam/authorized fraud, wherein a person is tricked into giving up something of value, saw the greatest YoY increase. It was also the most common cause of fraud loss according to global respondents at 31% and US respondents at 35%. In fact, in the U.S., this was more than double the next most common cause of fraud losses – synthetic identity fraud at 17%.

    “Protecting customers and their businesses from fraud is essential to enabling safe and tailored consumer experiences. These findings reveal that despite the good-faith efforts that are being undertaken by global organizations to identify and prevent fraud to date, fraudsters continue to evolve and it’s vital that fraud prevention methods keep up with the changing times,” said Steve Yin, global head of fraud at TransUnion. “Business that aren’t already doing so should ensure that they are taking advantage of fraud prevention technologies such as identity verification, IP intelligence, device reputation and synthetic identity detection as critical components of their fraud prevention programs.”

    According to proprietary insights from TransUnion’s global intelligence network, the global rate of suspected Digital Fraud remained stubbornly high in H1 2024 at 5.2% of all transactions. For transactions where the consumer was located in the U.S., 4.6% of digital transactions were suspected to be fraudulent over the period. Breaking it down by the industry, the highest rate of suspected Digital Fraud for transactions where the consumers were in the U.S. was the gaming sector, for which 13.3% of all transactions in that industry were suspected to be fraudulent in H1 2024.

    Synthetic Identity Lending Exposure Reaches New Record High

    Potentially driven in part by the wealth of stolen identities acquired via data breaches, accounts opened using synthetic identities continue to put lenders at risk. In fact, the increases among overall lender exposure to synthetic identities for US auto loans, bank credit cards, retail credit cards and unsecured personal loans continued in H1 2024. TransUnion documented such exposure rising from $3.0 billion in H1 2023 to $3.2 billion in H1 2024, an all-time high and growth of 7% YoY. The share of accounts opened for the four tradelines by synthetic identities rose 18% YoY, also reaching an all-time high.

    The auto loan industry continued to be the most impacted by lender exposure to synthetic identities among the four tradelines, accounting for $2.0 billion of the total in H1 2024, the fourth consecutive first half of the year in which auto has seen the greatest exposure. In fact, since surpassing bankcards in H1 2021, auto loan exposure is now double that of bankcard, which is currently at $1.0 billion.

    “Fraudsters are increasingly using synthetic identities to accumulate balances, particularly targeting the auto industry,” said Yin. “Unfortunately, this warrants attention to as the market is now facing a rising threat of charge-offs.”

    Lender Exposure to Synthetic Identities Continues to Trend Upward, Led by Auto

      End of H1 2020 End of H1 2021 End of H1 2022 End of H1 2023 End of H1 2024
    Auto Loans $871M $869M $1.3B $1.8B $2.0B
    Bankcards $966M $783M $951M $1.1B $1.0B
    Retail Credit Cards $250M $183M $157M $145M $121M
    Unsecured Personal Loans $48M $36M $57M $57M $52M
    Totals $2.1B $1.9B $2.4B $3.0B $3.2B

    Source: TransUnion TruValidate™ data

    The percentage of newly-opened accounts connected to synthetic identities has also seen a steady rise since 2020, and in H1 2024 stood at 0.20% of all accounts associated with the four tradelines in the table above. The tradeline with the highest percentage in H1 2024 was bank card, which was at 0.33% for the period, followed closely by auto loans at 0.27%.

    Industry Perspective: Online Forums and Dating Sites Most Impacted by Digital Fraud in H1 2024

    In H1 2024, the communities industry – which includes web properties like online forums and dating sites – experienced the largest percentage (11.5%) of suspected Digital Fraud globally. This represents a 23% increase over H1 2023. TransUnion’s communities customers reported profile misrepresentation as the most frequent type of fraud they witnessed in H1 2024. Not surprisingly, the communities industry had the highest suspected Digital Fraud rate in seven of the 19 countries and regions analyzed in H1 2024.

    In terms of global volume, synthetic identity fraud was the fastest-growing Digital Fraud type across industries from H2 2023 to H1 2024, increasing by 153%. Electronic fund transfers fraud saw the highest YoY growth, up 113% from H1 2023 to H1 2024. However, promotion abuse, which is defined as consumers or fraudsters taking advantage of marketing offers to receive unintended financial incentives, was the most common Digital Fraud type globally in H1 2024, with 3.6% of Digital Fraud reported to TransUnion by its customers.

    TransUnion came to its conclusions about Digital Fraud based on intelligence from its identity and fraud product suite that helps secure trust across channels and delivers efficient consumer experiences – TransUnion TruValidate. The rate or percentage of suspected Digital Fraud attempts reflect those that TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) determined to be fraudulent upon customer investigation, or 4) determined to be a corporate policy violation upon customer investigation —compared to all transactions it assessed for fraud. 

    Download the TransUnion H2 2024 Update to the State of Omnichannel Fraud Report to learn more. Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia.

    For more information and insights about the global fraud trends, please download the report. Consumers who believe they may be a victim of fraud can find resources and information here.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
    http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail david.blumberg@transunion.com
       
    Telephone 312-972-6646

    The MIL Network

  • MIL-OSI: Rising Cost of Living Forces Canadians to Make Tough Sacrifices: Three in Ten Are Eating Less to Save, Sharing Expenses from Cohabiting to Carpooling, Childcare and Groceries

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 16, 2024 (GLOBE NEWSWIRE) — Under the burden of high living costs, Canadians are making difficult sacrifices and finding ways to share expenses to make ends meet and save money. According to the latest MNP Consumer Debt Index, conducted quarterly by Ipsos, nearly one-third (30%) of Canadians report that they have turned to bill-splitting strategies—such as carpooling, buying in bulk, sharing subscriptions and childcare, and cohabiting with others. More than one in ten (13%) indicate they are saving money by cohabiting with friends, partners, or family members, or by seeking out additional roommates or co-living spaces. Nearly three in 10 (28%) Canadians say they have even resorted to eating less to save money.

    “We’re witnessing a bill-splitting boom as Canadians adapt to the high cost of living. Strategies like sharing expenses and co-living arrangements showcase not only resourcefulness but also the financial pressure many are facing,” says Grant Bazian, president of MNP LTD, the country’s largest insolvency firm. “These measures reflect the harsh reality of soaring living costs, compelling Canadians to find new ways to save. It’s particularly concerning that nearly three in ten report they are cutting back on food to make ends meet.”

    Canadians are making other sacrifices to manage costs. Half (51%) say they have tried to save money by grocery shopping more strategically, and nearly half say they are avoiding impulse purchases (46%) or have stopped eating in restaurants or getting take-out (44%). The bill-splitting trend is more common among Canadians aged 18 to 34 and those living in British Columbia and Alberta. Similarly, co-habitation is more prevalent among younger Canadians, British Columbians, and those with lower income.

    Cost-Cutting Measures and Lower Interest Rates Create Breathing Room in Some Household Budgets

    Perhaps in part due to prudent cost-cutting efforts and with the pace of interest rates declining, Canadians are reporting some relief and improvements in their financial situation. The MNP Consumer Debt Index has increased by four points from the previous quarter to 89 points, signalling Canadians are feeling more positively about their personal finances. Canadians are building up the bank this quarter, reporting they have on average $155 more left over at the end of the month, reaching $937, the largest amount of money Canadians have had after all expenses in the last five years. Just over four in 10 (42%) Canadians say they are $200 or less away each month from financial insolvency – the lowest recorded proportion since September 2018 (40%).

    “While cost-saving behaviours and lower interest rates have positively impacted Canadians’ perceived financial well-being, a significant minority—close to four in 10—still report being on the brink of insolvency, indicating they are struggling to make ends meet,” says Bazian. “Still, financial pressure is easing, providing individuals with more flexibility to manage their debts and invest in their future.”

    Impact of Interest Rates on Debt and Financial Outlook

    With Canadians expecting interest rates to continue falling over the next few years, perceptions of their ability to absorb interest rate increases have improved; one quarter (24%, +3pts) say they are much better equipped to manage an interest rate increase of one percentage point than they used to be, increasing three points since last quarter. More Canadians are looking positively to the future, with three in 10 (31%, +2pts) expecting their debt situation to improve when looking ahead one year from now, and fewer believing it will worsen (12%, -4pts).

    Following three interest rate cuts this year, still almost half (48%, +1pt) of Canadians say even if interest rates decline, they are concerned about their ability to repay their debt. While slightly fewer this quarter say they will be in financial trouble if interest rates go up, more than half (54%, -3pts) still indicate they would be in trouble. Almost half of Canadians who are co-habiting (46%) or are bill-splitting (44%) are at risk of insolvency.

    “Although inflation has eased and interest rates have fallen, many Canadians continue to feel the heavy burden of accumulated debt. Despite some relief, the difficult truth is that for those grappling with significant debt, cost-cutting measures alone may not provide the support they need,” explains Bazian. “Seeking guidance from a Licensed Insolvency Trustee can be a vital step for those looking to regain control of their financial situation, and bankruptcy is not the only recourse.”

    Licensed Insolvency Trustees provide unbiased advice on options including debt consolidation, debt management plans, budgeting, and consumer proposals as well as bankruptcies. They are the only federally regulated debt professionals who are authorized to administer government-regulated insolvency solutions such as bankruptcies and consumer proposals.

    “While bill-splitting strategies can offer temporary relief, they often don’t address the root of deeper debt issues. For those feeling overwhelmed by bills and debt, seeking advice from a Licensed Insolvency Trustee is a crucial step toward long-term financial stability,” says Bazian.

    MNP’s extensive network of Licensed Insolvency Trustees provides free consultations in over 200 offices nationwide, delivering local, personalized support to help Canadians navigate their debt options.

    Looking ahead to how Canadians plan to cut costs or save money in the year to come, the survey revealed the following:

    Canadians’ Top Money-Saving Strategies For the Next 12 Months

    1. Bill Splitting – 27%
    2. Co-habitation – 14%
    3. Creating a Budget / Recording All Expenses – 14%
    4. Cancelling Subscriptions – 13%
    5. Stopping Eating in Restaurants or Getting Takeout – 13%
    6. Avoiding Impulse Purchases – 13%
    7. Reducing Utility Consumption – 13%
    8. Going Thrift Shopping – 12%
    9. Finding Free or Low-Cost Entertainment – 12%
    10. Grocery Shopping Strategically – 12%
    11. Negotiating Bills – 11%
    12. Cutting Vices – 10%
    13. Moving Somewhere More Affordable – 10%
    14. Splitting Grocery Costs / Buying in Bulk with Roommates, Friends, or Family – 9%

    About MNP LTD

    MNP LTD, a division of the national accounting firm MNP LLP, is the largest insolvency practice in Canada. For more than 50 years, our experienced team of Licensed Insolvency Trustees and advisors have been working with individuals to help them recover from times of financial distress and regain control of their finances. With more than 240 Canadian offices from coast-to-coast, MNP helps thousands of Canadians each year who are struggling with an overwhelming amount of debt. Visit MNPdebt.ca to contact a Licensed Insolvency Trustee or use our free Do it Yourself (DIY) debt assessment tools. For regular, bite-sized insights about debt and personal finances, subscribe to the MNP 3 Minute Debt Break Podcast.

    About the MNP Consumer Debt Index

    The MNP Consumer Debt Index measures Canadians’ attitudes toward their consumer debt and gauges their ability to pay their bills, endure unexpected expenses, and absorb interest-rate fluctuations without approaching insolvency. Conducted by Ipsos and updated quarterly, the Index is an industry-leading barometer of financial pressure or relief among Canadians.

    Now in its 30th wave, the Index has increased to 89 points, up four points since last quarter. Visit MNPdebt.ca/CDI to learn more.

    The data was compiled by Ipsos on behalf of MNP LTD between September 6 – September 11, 2024. For this survey, a sample of 2,000 Canadians aged 18 years and over was interviewed. Weighting was then employed to balance demographics to ensure that the sample’s composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±2.5 percentage points, 19 times out of 20, had all Canadian adults been polled. The credibility interval will be wider among subsets of the population. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.

    Provincial data is available upon request.

    CONTACT

    Angela Joyce, Media Relations

    p. 1.403.681.9286
    e. angela.joyce@mnp.ca

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a94d0531-ee79-439f-9dad-0eef9bc7276c

    The MIL Network

  • MIL-OSI Canada: Government of Yukon announces changes to Rapid Antigen Test availability

    Source: Government of Canada regional news

    The free distribution of Rapid Antigen Tests (RATs) for COVID-19 will end on October 27, 2024. The current stockpile of RATs, provided through federal government programs, is set to expire by the end of October and no additional tests will be distributed through government channels.

    MIL OSI Canada News

  • MIL-OSI Canada: Government of Yukon has tabled the Electoral District Boundaries Act

    Source: Government of Canada regional news

    On October 15, 2024, the Government of Yukon tabled the Electoral District Boundaries Act in the Yukon Legislative Assembly. The Act contains the recent recommendations from the Electoral District Boundaries Commission, which include:

    MIL OSI Canada News

  • MIL-OSI Canada: Statement from Minister of Health and Social Services Tracy-Anne McPhee on leadership change at the Yukon Hospital Corporation

    Source: Government of Canada regional news

    Minister of Health and Social Services Tracy-Anne McPhee has issued the following statement:

    “Today we mark an important moment as the Yukon Hospital Corporation begins to transition its leadership. At the end of October, Jason Bilsky will be departing the Yukon Hospital Corporation after 12 years of dedicated service as CEO. Effective October 15, Tiffany Boyd has assumed the role of CEO, working alongside Jason to support this transition.

    MIL OSI Canada News