End of an Era: Final day for Hudson's Bay
Hudson's Bay is closing its store after 355 years. Retail analyst Doug Stephens speaks about the significance of the retailer.
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CBC
34 minutes ago
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Speech from OPEC head to kick off Global Energy Show in Calgary
More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada's oilpatch next week for the Global Energy Show, which is to kick off with a keynote address from the head of the Organization of the Petroleum Exporting Countries. OPEC secretary-general Haitham al-Ghais is set to deliver remarks on Tuesday morning, as recent output increases from his group's members and other producers have put pressure on global crude prices. Among the other speakers are 20 chief executives from major Canadian and international energy companies and several political leaders, including Alberta Premier Danielle Smith. Energy show organizers say Calgary is expecting a 30 per cent increase in hotel bookings for the conference and trade show, and that exhibition space has been increased by one fifth year-over year. Nick Samain, senior vice-president at DMG Events, said as of two weeks before the event, pre-registrations were 78 per cent higher than last year. He says the show is seeing a big turnaround since the oil bust of 2015 and the COVID-19 pandemic. "There's a sense of optimism that the show really hasn't had in a long time," Samain said in an interview. "Operationally, we've been going crazy to make sure we've got enough room for everybody." The exhibition hall in the newly refurbished BMO Centre on the Calgary Stampede grounds is to feature a record 11 country pavilions and 500 company booths. Event rebranded in 2020 The event was called the Global Petroleum Show until 2020, when it was rebranded to highlight the growing number of non-oil-and-gas participants in the energy space, such as nuclear and renewables firms. Samain said at the trade show, oil and gas makes up about 70 per cent of exhibitors, with other forms of energy making up the rest. The conference comes as U.S. President Donald Trump's tariff war throws global trade into disarray, raising the prospect of a global downturn that could dampen energy demand. The trade strife has driven calls for Canada to diversify its export markets for its energy products beyond its biggest customer, the United States, and remove some of the logjams that have prevented infrastructure from being built over the past several years. Prime Minister Mark Carney has promised to speed up and simplify the regulatory process for projects deemed in the national interest. Samain said the show is an opportunity for people to hash out competing views about Canada's energy future. "We're just big proponents of people meeting face to face," he said. "We find when people get together at an event like this, it really does [give] the opportunity for people maybe to see a different perspective." A week after the Global Energy Show, another major event drawing dignitaries from abroad is to take place in a popular recreation area in the Rocky Mountains an hour west of Calgary. Canada is to host leaders from the United States, France, Germany, Japan, the United Kingdom, Italy and the European Union at the G7 summit from June 15 to 17 in Kananaskis.
CBC
36 minutes ago
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Relatives of lost fishers say lives at risk without mandatory vessel stability checks
Social Sharing Relatives of Nova Scotia fishers who died in a 2020 sinking say it's disheartening that little progress has been made on a key safety recommendation requiring assessments of vessel stability. Lori Cogswell-Phillips, the mother of fisher Aaron Cogswell, said in an interview Friday the federal government and the fishing industry are putting crews at risk by not acting more quickly on the recommendation by the Transportation Safety Board of Canada. "They're just playing with peoples' lives," she said. Since a 2015 capsizing of a fishing vessel killed three people, the safety board has been calling for Transport Canada to mandate stability assessments, which would permit crews to load catch and gear in a way that helps prevent vessels from flipping over. Cogswell-Phillips said having naval architects test fishing boat stability is crucial because it would mean fishers have a more dependable workplace in one of the country's most hazardous jobs. "There's already so many things that can go wrong in terms of rough weather when fishing, at least [with a stability test] you know you're in a dependable vessel that's going to ... get you through what you have to get through," she said. In its 2023 report on the sinking of the Chief William Saulis in the Bay of Fundy — which resulted in the deaths of Cogswell and five other fishers — the safety agency concluded the boat had not undergone a stability test after it was modified. Michelle Thibault, whose ex-husband, Daniel Forbes, died in the sinking, said in an interview Friday that it's hard to keep revisiting the tragedy without seeing recommended reforms completed. "You want to give up because it's really not a fight that I can win. It's between the government and the fishermen, and the fishermen don't want to pay for it [stability assessments] and neither does the government," she said. "What it really comes down to is money. How many people need to die before somebody's going to put the money out to pay for this?" 'Underlying risk ... for a large portion of the fishing fleet' The board noted this week in its annual assessment of recommendations that Transport Canada's response to the decade-old stability recommendation remains "unsatisfactory." It said it is making efforts to "expand awareness" of vessel stability in the fishing industry but added that a voluntary approach won't be sufficient. "The safety board ... continues to strongly believe that until Transport Canada ensures that all small fishing vessels undergo a stability assessment appropriate to their size ... the underlying risk will remain for a large portion of the fishing fleet," the agency said. In an interview Friday, board chair Yoan Marier noted that there are other recommendations aimed at promoting boat stability that remain incomplete. The safety board would like Transport Canada to bring in "additional oversight over [fishing vessel] modifications." "At this point, we have a feeling that we are starting to repeat ourselves. We have had a number of accidents that we've investigated in the past few years ... and they're all significant accidents where [vessel] stability was a factor," he said. "We'd like the Transport Department to put additional efforts into resolving this safety deficiency." The Chief William Saulis should have been tested for stability after its owners added a heavy, A-frame structure for scallop dragging, a protective plate to the boat's stern, and covers to close drainage holes, the safety board said in its 2023 report. Chief William Saulis was returning home On Dec. 15, 2020, the modified vessel capsized in the Bay of Fundy during a gale as it returned to its home port in Digby, N.S. In its report, the board made clear that it had long urged a stricter law on stability assessments and that Transport Canada had not complied. Kathy Fox, chair of the board at the time, said during the report's release that a stability assessment and guidelines prepared by a naval architect are "the only way the crew on these vessels will know the safe operating limits." Crew on the Chief William Saulis followed the industry practice of heavily loading the vessel with catch during the return crossing to the wharf in Digby. Due to the rough weather, the crew had left about half the scallops on the deck with the shells still on, which allowed them to slide about, the report said. About 2,700 kilograms of scallops were stacked almost two-metres high on the boat's deck, likely contributing to the boat's instability and potentially blocking its ability to drain water.
CBC
36 minutes ago
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Federal government will protect Hamilton steel amid tariffs, Joly tells Dofasco workers
Since Minister Mélanie Joly took over the infrastructure portfolio last month, she and Dofasco CEO Ron Bedard have spoken every day about how the U.S. trade war is impacting Hamilton's steel industry. "I can't emphasize enough how determined she has been in every meeting on taking care of workers," Bedard told a crowd of workers at the company's plant in Hamilton on Friday, alongside Joly and local politicians. "It's unlike anything I've seen in my 38-year career. And the fact that she's here today wanting to understand what more she can do speaks volumes about how committed she is to our industry and our people." Before Friday, Bedard had rarely spoken publicly about ArcelorMittal Dofasco's efforts to get the federal government's help as Canada's trade war with the U.S. escalates. Watch | Hamilton reels after Trump's latest steel tariff gut punch: Hamilton reels after Trump's latest steel tariff gut punch 2 days ago Duration 2:01 Joly's visit to Dofasco came a few days after President Donald Trump signed an executive order increasing tariffs of steel and aluminum from 25 to 50 per cent. On Thursday, Canadian steel executives met with officials in Prime Minister Mark Carney's Liberal government, including Joly, to press for urgent assistance. "It is clear that the government is seized with the gravity of the situation facing Canadian steel and understands the need for expediency in responding," Canadian Steel Producers Association CEO Catherine Cobden said about the meeting in Ottawa in a statement. Dofasco plant a 'crown jewel' While Joly toured the Hamilton plant Friday, Carney introduced new legislation to eliminate federal barriers to internal trade and enable more infrastructure projects to be approved faster. These projects will include power lines and pipelines, and building up the defence industry, all of which will require steel that's made in Canada, Joly said. Much of that steel comes from Hamilton. "This is a national asset, the crown jewel of the manufacturing sector," she said of Dofasco's plant. "This is our opportunity to not only save jobs, but build jobs." The federal government is working on a plan to help companies financially in the short-term to prevent layoffs, Joly said. The government is also going to attempt to stop "steel dumping," which is when foreign steelmakers sell steel into the Canadian market at ultra-low prices. "We will have more to say very soon on those two issues," Joly told reporters. "These can't be empty promises. We're in action mode." Mayor Andrea Horwath met with Joly Friday and said after that she urged the minister to "get things moving quite quickly." 'Hamiltonians are worried," Horwath said. "This is impacting people and families." She said in a statement earlier this week that the tariffs were putting "thousands of good jobs at risk." Joly said diplomatic efforts with the Trump administration are ongoing and increasing Canada's retaliatory tariffs on American products is still an option.
