logo
Oilfield service group says relief from counter-tariffs on U.S. sand 'fantastic news'

Oilfield service group says relief from counter-tariffs on U.S. sand 'fantastic news'

Yahoo6 days ago
The federal government is offering Canadian oil and gas drillers counter-tariff reprieve on the vast amounts of sand they import from the United States.
The sand is used in the hydraulic fracturing — or fracking — process to help free resources trapped in hard-to-access shale formations deep underground.
It's among the imported U.S. goods on which Canada has imposed a surcharge in retaliation for President Donald Trump's flurry of tariffs.
Sand from Wisconsin meets the specs needed by Canadian drillers, and the lion's share of what they use is brought in from the Midwestern state.
A federal order published in the Canada Gazette newsletter this week says relief is available for companies that import silica and quartz sand, among other products.
Gurpreet Lail, the chief executive of industry group Enserva, says it's fantastic news, as the counter-tariffs on sand alone would have cost industry $275 million a year.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Parvis Announces Board Changes: Appointment of Noah Murad and Resignation of Roy Murad
Parvis Announces Board Changes: Appointment of Noah Murad and Resignation of Roy Murad

Yahoo

time4 minutes ago

  • Yahoo

Parvis Announces Board Changes: Appointment of Noah Murad and Resignation of Roy Murad

Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Parvis Invest Inc. (TSXV: PVIS) ("Parvis" or "the Company"), a technology-driven private investment platform, today announced that Roy Murad has stepped down from the Company's Board of Directors, effective July 21, 2025. The Company extends its sincere thanks to Mr. Murad for his contributions and wishes him well in his endeavours. Parvis is pleased to announce the appointment of Noah Murad as Director effective July 21, 2025. Noah Murad is the Managing Partner of Bluestar Equity, a private family investment office owned by the Murad Family. He brings extensive experience in private markets and long-term capital stewardship. Noah holds a BA from Western University and an MBA from Athabasca University. "We are delighted to welcome Noah to the Board as we scale the business and pursue new opportunities," said David Michaud, Chief Executive Officer of Parvis. "His expertise and connectivity within the Canadian capital ecosystem will be invaluable as we advance our strategic objectives." About the Company Parvis is a technology-driven investment platform dedicated to democratizing access to institutional-quality opportunities. Utilizing AI and blockchain technology, Parvis streamlines the investment process, making it more accessible and efficient. Headquartered in Vancouver, Parvis operates with experts in Toronto, Vancouver, Kelowna, and Montreal. For more information, visit and SEDAR+. Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements") within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer's prospective financial performance or financial position. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: execution and integration of the investment offerings; and the Company's business plans and role in the investment industry. To develop the forward-looking information in this news release, the Company made certain material assumptions, including but not limited to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; and the ability of the Company to execute and achieve its business objectives. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. For further information: David Michaud, CEO, Parvis Invest david@ 1-844-487-4866 For media inquiries, please contact:Katie Green, August Strategy katie@ Follow us on social media:Instagram: @ParvisInvestFacebook: ParvisInvestLinkedIn: Parvis To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Royal De Versailles Welcomes H. Moser & Cie With POP Collection Event
Royal De Versailles Welcomes H. Moser & Cie With POP Collection Event

Forbes

time6 minutes ago

  • Forbes

Royal De Versailles Welcomes H. Moser & Cie With POP Collection Event

Bertrand Meylan Toronto's luxury watch scene has always had its crown jewel in Royal De Versailles, Canada's largest and most extravagant watch and jewelry retailer. Known for its extensive Rolex selection, showcased in a boutique fully renovated in 2023 with marble counters and a striking colour palette perfectly in tune with Rolex branding, RDV has long been the destination for collectors in search of both breadth and exclusivity. Over the decades, the retailer has offered some of watchmaking's most prestigious names, and while certain brands such as Audemars Piguet have since shifted to their own boutique networks, RDV continues to evolve, focusing on partners that offer exceptional creativity and horological significance. Moser Vantablack Dial That ethos was on full display on June 12th, 2025, when RDV officially celebrated the arrival of H. Moser & Cie with a launch event at Toronto's Storys Building. It was an evening that reflected not only the momentum of this independent Swiss manufacturer but also RDV's ongoing ambition to broaden its offering to some of the most interesting names in watchmaking today. 2025 Moser Novelties Guests were welcomed by Moser's CEO, Bertrand Meylan, who spoke passionately about the brand's philosophy of innovation rooted in independent craftsmanship. A wide range of Moser watches was on hand, including some of the latest 2025 novelties and, notably, the new POP collection, a vibrant take on Moser's refined design language, featuring playful dial colours and bold strap pairings. Moser POP Collection Candy The décor carried this theme through in clever ways, with mini POP stands displaying watches surrounded by candy in matching tones, creating a whimsical yet luxurious atmosphere that felt true to both the collection and the spirit of the evening. Moser POP Collection Stand For collectors, the addition of Moser to RDV's already impressive roster marks an attractive milestone. Moser has become one of the most talked-about independents in recent years, winning praise for pieces like the minimalist Endeavour Centre Seconds with its gradient fumé dials, the sculptural Streamliner chronograph, and its technically ingenious perpetual calendar that adjusts almost intuitively. Often unconventional, like their Vantablack dials, Moser brings something fresh to the Canadian market, and its new POP collection amplifies this creative edge even further. POP Collection RDV's decision to embrace a brand with this kind of artistic and mechanical boldness signals an openness to the future of watch collecting. For years, its status as Canada's premier retailer has been secured by its scale and by its strong relationship with Rolex, but the addition of Moser shows a current willingness to explore a more niche side of the industry and tap into a new segment of dedicated watch collectors. For Moser, meanwhile, partnering with Canada's largest watch retailer provides access to a collector base eager for innovation but unwilling to compromise on traditional horological excellence. POP Collection Tourbillon The result is a partnership that feels mutually beneficial, a convergence of a historic Canadian luxury institution with one of Switzerland's fastest-growing independents. With the full Moser lineup (minus boutique-only exclusives) now available through Royal De Versailles, and with events like this launch showcasing just how much energy exists around the brand, it's clear that both RDV and Moser are poised to make an impact on the Canadian watch landscape for years to come.

Trump's Tariffs Are the Highest in a Century. Yet, They Seem Like a Relief.
Trump's Tariffs Are the Highest in a Century. Yet, They Seem Like a Relief.

New York Times

time6 minutes ago

  • New York Times

Trump's Tariffs Are the Highest in a Century. Yet, They Seem Like a Relief.

Six months ago, few people would have anticipated that the United States would place a 15 percent tariff on exports from Japan, one of America's closest and most longstanding allies. President Trump had campaigned on the idea of a 10 percent universal base-line tariff, plus a higher levy on China, but it was not clear whether he would follow through. But on Tuesday, when Mr. Trump announced a trade deal that included a 15 percent tariff on Japanese products — the highest rate those goods have faced in decades — there was a palpable sense of relief. Stock markets in Asia and Europe rose. The Japanese Nikkei 225 surged by over 3.5 percent, while shares of Japanese automakers, which will also be charged a 15 percent tariff on their exports to the United States, jumped more than 10 percent. The reaction is a testament to just how quickly and completely Mr. Trump has transformed the world's expectations regarding tariffs. In a few short months, the president has normalized tariffs at rates that would have been shocking just months ago. But by threatening even higher levies and holding out the prospect of devastating trade wars, he has somehow made sharply higher tariffs, which are now at rates not seen in a century, feel like a relief. The reaction is largely due to the incredible uncertainty the president has created with his global trade negotiations. He has threatened higher tariffs on dozens of countries as of Aug. 1, unless they strike a deal with the United States. So far, the administration has announced deals with Britain, Vietnam, Indonesia and the Philippines, all of which have left tariffs of 10 to 20 percent in place. The fact that the United States closed the deal with Japan on Tuesday was in itself a positive surprise. Negotiations between the countries had been difficult, in part because Japan had been heading toward a national election where politicians were under pressure not to fold to the United States on Japan's core interests. The governments were also clashing over the 25 percent tariff that Mr. Trump had imposed on global autos, a key export for Japan, as well as Japan's barriers to U.S. rice, which it has long deemed to be of inferior quality. It was unclear whether the two countries would be able to overcome such barriers. Want all of The Times? Subscribe.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store