Ford speaks after Honda postpones plans for EV plant in Ontario
Premier Doug Ford is set to speak at 9:45 a.m. ET Tuesday along with several other Ontario ministers. This comes just hours after Honda announced it would put on hold a plan to build a major electric vehicle supply chain in Ontario.
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CTV News
17 minutes ago
- CTV News
Sask. cattle producers pleased to see spike in demand for beef
Ryan Beierbach, a rancher from the Whitewood area, says producers are benefitting economically from the increased beef prices due to high demand of supply. Although producers in Saskatchewan are benefitting from the recent increase in beef prices, concerns about fewer cattle herds and fewer producers across North America were highlighted at the annual Saskatchewan Stock Grower Association's AGM in Moose Jaw. 'Finally after years of it being where we struggled to make money, we are finally catching up on some of the bills. We're seeing more optimism on the price side,' Ryan Beierbach, a rancher from the Whitewood area, told CTV News. Beierbach said cattle market prices are on an upward swing due to the decline of cattle producers over the years. 'It was a really a poor market for quite a few years so a lot of the guys got out of the business and it shrunk the number of cattle,' he explained. 'Then we've had a drought in western Canada and in the U.S. that really made people shrink their cattle herds. It got to the point where the supply is so low it pushed the price up.' The turnover in the market sparked much discussion at the meeting, including from one agribusiness expert who said the last time the beef market peaked was in 2005. Since then, supply for cow and cattle herds have declined. 'Across Canada, we went from over five million beef cows to under 3.5 million beef cows,' explained Brian Perillat, an agribusiness specialist for More Than Just Feed. 'Numbers on the cow calf side have been shrinking. We've been importing feeder cattle to kind of offset some of those shrinking numbers. The overall herd hasn't shrunk quite by that magnitude, but overall we're shrinking.' As a result, Saskatchewan producers have benefited economically most recently. 'Sometimes it's about who has sort of the leverage, we call it, in the marketplace and right now the producers certainly have the leverage,' Perillat continued. 'As packing plants and feedlots, everybody's competing for these shrinking supply calves that our cow calve producers are producing right now. They are probably getting the biggest beneficiary over the last year or two, in terms of these prices, as we've seen prices almost triple on calves that will be selling this fall here.' The Saskatchewan Stock Growers Association said improving resources to support cattle producers are needed all-year-round due to market conditions always changing. 'Producers don't have the ability to hold livestock for very long. When it's time to market animals, you have to market animal products and you don't have the ability to put it in the bin and wait,' president Jeff Yorga shared. 'We need to design programs that reflect that.' Aside from cattle insurance, Yorga said there are a variety of risk management supports in place for producers. 'They also have the ability to forward sell right now. We've seen, I think, a record number of cattle that have been marketed on video sales for fall delivery - taken advantage of those high prices,' he said. 'We encourage producers to bring those tools.'
National Post
25 minutes ago
- National Post
Spanish Mountain Gold Announces Grant of Stock Options
Article content VANCOUVER, British Columbia — Spanish Mountain Gold Ltd. (the ' Company ' or ' Spanish Mountain Gold ') (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) announces that it has granted 2,860,500 stock options to officers and directors of the Company and 221,500 stock options to employees and consultants pursuant to the terms of the Company's stock option plan. Each option entitles the holder to acquire one Common Share at an exercise price of $0.175 per Common Share for ten years. Article content About Spanish Mountain Gold Ltd. Article content Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project (Project) towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. The Company expects to release at the end of Q2, 2025, the results for the Project's newly de-risked and optimized Preliminary Economic Assessment (PEA) with an updated Mineral Resource Estimate (MRE). Upon receipt of the new PEA and updated MRE, the company will decide the next steps to advance the Project to position the company to make a construction decision in or before 2027. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details on the Company are available on Article content Article content and on the Company's website: Article content . Article content On Behalf of the Board, Article content 'Peter Mah' Article content Spanish Mountain Gold Ltd. Article content Neither the 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. Article content FORWARD-LOOKING INFORMATION: Article content Certain of the statements and information in this press release constitute 'forward-looking information'. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects', 'anticipates', 'believes', 'plans', 'estimates', 'intends', 'targets', 'goals', 'forecasts', 'objectives', 'potential' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be considered forward-looking information. The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release and include but are not limited to information with respect to, the potential to extend mineralization within the near-surface environment; the potential to expand resources and to find higher-grade mineralization at depth; the timing, size and budget of a winter drill program, and the results thereof; and the delivery of a maiden resource for the Phoenix Target, and the timing and results thereof. Other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking information. Article content Article content Article content Article content For more information, contact: Article content Article content Article content Article content
Globe and Mail
28 minutes ago
- Globe and Mail
Ontario's planned crackdown on exclusivity deals could go further, pharmacy regulator says
The board of Ontario's pharmacy regulator said on Monday the province's proposed new restrictions on exclusivity deals between insurers and pharmacies were a good step, but should go further to protect patient safety. Ontario recently began a second public consultation on preferred provider (or pharmacy) networks (PPNs), a type of deal between pharmacies and insurers that can restrict where patients get medication. The consultation proposes two options for restricting the deals: 'any able and willing provider' legislation that would allow any pharmacy to join an insurer's network if they met the necessary criteria; and 'standardized and mandatory exemptions' that would allow any patient to go outside a network if they met conditions set by a regulator. The province leaves it open to whether it could pursue either, both or neither option. The board of the Ontario College of Pharmacists has been discussing a potential crackdown on PPNs since early last year, even passing a motion expressing 'zero tolerance' for closed networks last July. The board discussed the latest consultation at its meeting Monday. A briefing document prepared and distributed by college staff ahead of time suggested the province's proposals could be 'strengthened' to meet the regulator's goals of guaranteeing patient choice, continuity of care and access to care. Ontario regulator condemns exclusive deals between pharmacies, insurance companies Board chair Doug Brown, who owns and runs a pharmacy in the town of Port Perry, said he acknowledged that there was frustration in the community 'over what is perceived to be the lack of progress on this issue.' However, he said the consultation – which is run by Ontario's Ministry of Finance – crosses multiple industries and needs to be done carefully. He said any new actions undertaken by the college could be undone depending on how the legislation is eventually drafted, and so it would be prudent for the regulator to wait for now. 'But let me be absolutely clear, the college is prepared to move quickly and decisively once the government has confirmed what it will or won't do to address the clear concerns that remained unresolved,' he said. Most board members expressed support for the province's proposed options. Elnora Magboo, one of the board's public members, asked during the meeting whether PPNs could provide greater access to medication because of savings negotiated between the agreement's participants. Ontario considers rule to limit exclusivity deals between insurers and pharmacies Insurers have argued PPNs are useful tools to keep costs down. They say the deals allow them to negotiate discounts from pharmacies that they pass on to plan sponsors. But some of the board's independent pharmacists, who are often kept out of these networks in favour of large chain pharmacies, pushed back on the idea that there are cost savings, and raised other concerns with the deals. Siva Sivapalan, a community pharmacist in Beamsville, raised a witness the board heard from last July, whose medication was delivered by a network pharmacy to a non-refrigerated area at the back of a craft store. That witness – a teacher from Waterloo named Amy Miller – lodged a complaint with the network pharmacy last summer. In the months since, she has expressed frustration at the slow pace of the college's investigation and the difficulty in obtaining her medication from her preferred source. 'Every month that passes without a decision makes my access to care more uncertain,' Ms. Miller wrote in a letter sent to the board in May, which she shared with The Globe and Mail. 'Every delay deepens the harm. And every public statement you make about protecting patients becomes more hollow.' College spokesperson Dave Bourne said the regulator could not share details about Ms. Miller's case, but continues to investigate concerns about PPNs. Speaking generally, he said some complaints are complex and time-consuming to investigate. 'We understand Ms. Miller's frustration with the time being taken to address her complaint, and we empathize with her situation,' he said in an e-mail.
