Best Muskoka Chair Company Reinforces Canadian Craftsmanship amid Global Uncertainty
Kemptville, Ontario--(Newsfile Corp. - February 28, 2025) - Amid changing trade policies and increasing tariffs on imported goods, The Best Muskoka Chair Company announces its strengthened commitment to Canadian manufacturing and local material sourcing. The company is reinforcing its domestic supply chain to mitigate potential cost increases and ensure continued access to high-quality, locally made furniture for Canadian consumers.
To view an enhanced version of this graphic, please visit:
In response to economic pressures affecting the industry, The Best Muskoka Chair Company is prioritizing the use of Canadian-sourced wood and recycled plastics while expanding its production capabilities within Eastern Ontario. The move is aimed at reducing reliance on imported materials and maintaining product affordability despite global supply chain disruptions.
'Today, more than ever, our community values products that embody national pride and superior quality,' said Dina Elatawi, spokesperson for The Best Muskoka Chair Company. 'We are honoured to be a multi-generational enterprise that not only provides beautifully crafted, hand-made furniture but also supports Canadian jobs and champions the purchase of Canadian-made materials. Our commitment to Canadian excellence remains strong, regardless of political challenges or tariff threats from south of the border.'
The Best Muskoka Chair Company announces its strengthened commitment to Canadian manufacturing and local material sourcing.
To view an enhanced version of this graphic, please visit:
With over 70 years in business, the company has consistently employed Canadian artisans and utilized traditional woodworking techniques to ensure product quality. This renewed focus on domestic production comes as more consumers seek alternatives to imported patio furniture, which has been impacted by shipping delays and fluctuating prices.
The company's decision to reinforce its Canadian supply chain aligns with broader industry trends favoring sustainability and local economic support. By investing in local materials and skilled labor, The Best Muskoka Chair Company aims to provide consumers with durable, Canadian-made alternatives to mass-produced furniture.
About The Best Muskoka Chair Company
A proud, Canadian-owned enterprise, The Best Muskoka Chair Company specialises in the design and manufacture of premium Muskoka chairs and outdoor furniture. Founded in 1955, their deep roots in the community and legacy of multi-generational craftsmanship enable them to combine traditional skills with modern design, producing furniture that truly represents the spirit of Canada. Their unwavering commitment to quality, local economic growth, and sustainable practices distinguishes them in the Canadian marketplace.
Media Contact:
Contact Person: Dina Elatawi
Phone: 1-613-258-0064
Address: 305 Bridge Street South
City: Kemptville
State: Ontario
Country: Canada
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
3 hours ago
- Newsweek
Wife of North Korea's Kim Jong Un Reemerges With Luxury Handbag
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. North Korean leader Kim Jong Un's wife, Ri Sol Ju, reemerged in public Tuesday after a year and a half out of the spotlight, joining him and their daughter, Ju Ae, at a lavish completion ceremony for a beach resort on the poverty-stricken nation's east coast. Ri, who was last seen in state media photos on January 1, 2024, was pictured carrying what appears to be a handbag made by Italian luxury brand Gucci. Why It Matters Luxury good exports to North Korea are banned under United Nations sanctions targeting Pyongyang's nuclear and ballistic missile programs. Nonetheless, such items reportedly make their way into the country via diplomatic pouches, which are exempt from customs inspection under international law. Kim Jong Un's taste for luxury is well documented, from expensive watches and cars to private jets. His close ally, Russian President Vladimir Putin, even gifted him a Russian-made limousine after Kim took a liking to the vehicle during his 2023 visit to the country. Newsweek reached out to the North Korean embassy in China via emailed request for comment. North Korean leader Kim Jong Un, center, daughter Ju Ae, left, and wife Ri Sol Ju, far left, are seen during the completion ceremony for the Wonsan Kalma beach resort in North Korea on June... North Korean leader Kim Jong Un, center, daughter Ju Ae, left, and wife Ri Sol Ju, far left, are seen during the completion ceremony for the Wonsan Kalma beach resort in North Korea on June 24, 2025. More Korean Central News Agency What To Know Ri's handbag appeared to be a Gucci GG Marmont shoulder bag, which retails for over $2,000. After the regime's move in late 2023 to raise official wages tenfold, the average worker now earns about 30,000 North Korean won—less than $4—per month, analysts say. Retail prices in North Korea are low but analysts say most citizens cannot survive on state salaries alone and must rely on informal or black market work to make ends meet. 1 of 2 While Ju Ae—widely believed to be Kim's chosen successor—now frequently appears alongside her father, Ri's reemergence may be part of efforts to showcase the new Wonsan Kalma Coastal Tourist Area on the Kalma Peninsula. Kim declared that Wonsan Kalma would "shine as a world-level tourist resort," the first of several "paradises" planned around the country, according to the Korean Central News Agency. State media called the ceremony a "great auspicious event" in a press release. The tourist zone's hotels can accommodate nearly 20,000 guests and it boasts a range of facilities, restaurants and sea bathing. These features, KCNA said, "offer all year round the real taste of the east coast, presenting a wonderful picture of a 4 kilometer (2.5-mile)-long stretch of beach to be crowded with people every year." Moscow's ambassador and other officials from the Russian mission in the country attended the ceremony as special guests, per the outlet. What People Are Saying Rachel Minyoung Lee, a non-resident fellow with the 38 North program at the Stimson Center, told CNN: "Wonsan-Kalma is open to just North Koreans for now, but we should not be surprised to see Russians at the resort in the not-too-distant future. "More broadly, the opening of a major beach resort like Wonsan-Kalma helps to reinforce the state media narrative of Kim's people-first policy and helps to balance out his greater focus on building up national defense," What's Next The resort will open to domestic tourists on July 1, according to KCNA. However, tour operators cited by the BBC believe Wonsan Kalma is primarily geared toward visitors from Russia. Russians are currently the only foreign nationals permitted in certain areas of North Korea, as the two countries continue to deepen their ties.
Business Upturn
7 hours ago
- Business Upturn
BlackRock® Canada Announces Risk Rating Changes, Annual Management Fee Reductions and Commencement of Securities Lending Transactions
TORONTO, June 26, 2025 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited ('BlackRock Canada'), an indirect, wholly-owned subsidiary of BlackRock, Inc. ('BlackRock') (NYSE:BLK) today announced updates to the investment risk ratings of certain iShares exchange-traded funds ('iShares ETFs'), a reduction to the annual management fees of certain iShares ETFs, and the commencement of securities lending transactions of certain iShares ETFs, as further described below. Risk Rating Changes BlackRock Canada announces updated investment risk ratings of the iShares ETFs listed below, effective as of June 26, 2025: iShares ETF Name Ticker Previous Risk Rating Updated Risk Rating iShares Core MSCI US Quality Dividend Index ETF(1) XDU Medium to Low Medium iShares Japan Fundamental Index Fund (CAD-Hedged) CJP Medium to High Medium iShares US Fundamental Index ETF(2) CLU Medium Medium to High (1) This investment risk rating change only applies to the Canadian dollar units (XDU) and not to the U.S. dollar units (XDU.U). (2) This investment risk rating change only applies to the hedged units (CLU) and not to the non-hedged units (CLU.C). Annual Management Fee Reductions BlackRock Canada has reduced the annual management fees of the iShares ETFs listed below, effective as of July 2, 2025: iShares ETF Name Ticker Current Management Fee New Management Fee iShares 0-5 TIPS Bond Index ETF XSTP, XSTP.U 0.15% 0.10% iShares 0-5 TIPS Bond Index ETF (CAD-Hedged) XSTH 0.15% 0.10% Securities Lending Transactions BlackRock Canada also announces that it may engage in securities lending transactions (the 'Transactions') from time to time for iShares Bitcoin ETF ('IBIT') in compliance with applicable securities laws. This is a standard practice for many Canadian iShares ETFs. BlackRock Canada is issuing this announcement to provide 60 days' prior written notice to unitholders of IBIT that IBIT may enter into the Transactions on or after August 25, 2025. The prospectus of IBIT dated June 26, 2025, discloses additional information regarding the Transactions, including the policies related to engaging in the Transactions and the related risks. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1500+ exchange traded funds ('ETFs') and US$4.3 trillion in assets under management as of March 31, 2025, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. iShares ETFs are managed by BlackRock Asset Management Canada Limited. Commissions, trailing commissions, management fees and expenses all may be associated with investing in iShares ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ('S&P'). TSX is a registered trademark of TSX Inc. ('TSX'). All of the foregoing trademarks have been licensed to S&P Dow Jones Indices LLC and sublicensed for certain purposes to BlackRock Fund Advisors ('BFA'), which in turn has sub-licensed these marks to its affiliate, BlackRock on behalf of the applicable ETFs. The Index is a product of S&P Dow Jones Indices LLC, and has been licensed for use by BFA and by extension, BlackRock and the applicable ETFs. The ETFs are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, any of their respective affiliates (collectively known as 'S&P Dow Jones Indices') or TSX, or any of their respective affiliates. Neither S&P Dow Jones Indices nor TSX make any representations regarding the advisability of investing in the ETFs. MSCI is a trademark of MSCI, Inc. ('MSCI'). The ETFs are permitted to use the MSCI mark pursuant to a license agreement between MSCI and BlackRock Institutional Trust Company, N.A., relating to, among other things, the license granted to BlackRock Institutional Trust Company, N.A. to use the Index. BlackRock Institutional Trust Company, N.A. has sublicensed the use of this trademark to BlackRock. The ETF is not sponsored, endorsed, sold or promoted by MSCI and MSCI makes no representation, condition or warranty regarding the advisability of investing in the ETF. ©2025 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission. Contact for Media:Sydney Punchard Email: [email protected]
Business Upturn
7 hours ago
- Business Upturn
Acceleware Announces Agreement for Asset Transfer and New Farmout Opportunity with O'Neill Industries International-Canada Inc.
CALGARY, Alberta, June 26, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. ('Acceleware' or the 'Company') (TSX-V: AXE), is pleased to announce it has entered into an agreement (the 'Marwayne Agreement') with O'Neill Industries International-Canada Inc. ('O'Neill Canada') that will result in the transfer of certain wells and other assets located in Marwayne, Alberta, related liabilities, licenses and leases from Acceleware to O'Neill Canada, and the termination of the existing farmout and option agreement dated May 19, 2020 between the Company and O'Neill Canada. O'Neill Canada is the Canadian entity of O'Neill Industries, a US based company active in upstream production and oil field services globally. In exchange for the above noted transfers, Acceleware will receive cash payments and a gross overriding royalty ('GORR') on future production from the wells as described below. The Marwayne Agreement sets the stage for renewed collaboration between the Company and O'Neill Canada that includes a commitment to establish a new farmout agreement at Marwayne where Acceleware can drill new RF XL 2.0 compliant test wells in the next five years. 'The Marwayne Agreement is another strategic step intended to rapidly move us from a research and development focus to becoming a cash flow generating enterprise and is one of several strategic steps we are taking to accelerate RF XL 2.0's path to market,' said Geoff Clark, CEO of Acceleware. 'We are pleased to realize near-term cash flow and added value from O'Neill Canada's operations at Marwayne, but also having the optionality to explore future multi-well deployments of RF XL 2.0 at Marwayne provides great opportunity to the Company.' Specific features of the Marwayne Agreement include: Acceleware will transfer its interests in the existing wells, production equipment, leases, and licenses to O'Neill Canada for a combination of cash, assumption by O'Neill Canada of any abandonment and reclamation liabilities associated with the wells and surface lease, and a 5% GORR on future production from the wells for a period of 12 months following commencement of production from the transferred wells. Excluding future royalties, the net balance sheet benefit to Acceleware is estimated to be $460,000. Acceleware retains ownership of all RF XL heating and related equipment at Marwayne, including the Clean Tech Inverter (CTI). The existing farmout agreement between O'Neill Canada and Acceleware is terminated. Acceleware and O'Neill Canada agree to enter into a new farmout agreement within 90 days of entering into the Marwayne Agreement, which will allow Acceleware to redeploy new wells that are suited for RF XL 2.0 at any time over the course of the next 5 years at O'Neill Canada's Marwayne asset. 'We're pleased to have come to this agreement with Acceleware on Marwayne – the asset holds very good value potential and both companies stand to benefit from the arrangement. For over a year, O'Neill Canada has been producing heavy oil at Marwayne, and we plan to grow production volumes through both cold flow and thermal recovery techniques,' said Alexander O'Neill, President of O'Neill Canada. About Acceleware: Acceleware is an advanced electromagnetic (EM) heating company with cutting-edge radio frequency (RF) power-to-heat solutions for large industrial applications. The Company's technologies provide an opportunity to electrify and decarbonize industrial process heat applications while reducing costs. The Company is working to use its patented and field proven Clean Tech Inverter (CTI) to materially improve the efficiency of amine regeneration, and has partnered with a consortium of world-class potash partners seeking to decarbonize drying of potash ore and other critical minerals. Acceleware is actively developing other process heat applications and partnerships for RF heating. Acceleware's RF XL is a patented low-cost, low-carbon RF thermal enhanced oil production technology for heavy oil that is materially different from any enhanced recovery technique used today. Acceleware is a public company listed on the TSX Venture Exchange ('TSXV') under the trading symbol 'AXE'. About O'Neill Industries International-Canada Inc.: O'Neill Industries is comprised of an integrated family of companies focused on the energy and environmental sectors, offering a series of products, equipment, and services which bring new and enhanced solutions for projects and partners. Responding to environmental challenges, developing natural resources, and looking for opportunities to turn waste and obsolescence into energy and value. Since 2023, O'Neill Industries Canadian arm, O'Neill Industries International-Canada Inc., has been operating in Alberta with a large focus on heavy oil production, thermal recovery techniques, and Green Cement. Cautionary Statements This news release contains forward-looking statements and/or forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable securities laws. When used in this release, such words as 'will', 'anticipates', 'believes', 'intends', 'expects' and similar expressions, as they relate to Acceleware, or its management, are intended to identify such forward-looking statements. Such forward-looking statements reflect the current views of Acceleware with respect to future events, and are subject to certain risks, uncertainties and assumptions. Many factors could cause Acceleware's actual results, performance or achievements to be materially different from any expected future results, performance or achievement that may be expressed or implied by such forward-looking statements. Certain information and statements contained in this news release constitute forward-looking statements, which reflects Acceleware's current expectations regarding future events, including, but not limited to: the future benefits arising from the Marwayne Agreement; the Company's ability to successfully complete commercialization of RF XL 2.0; the entering into of a new farmout and option agreement between the Company and O'Neill Canada; deployment of RF XL 2.0 ; the initiatives to be implemented by the Company's management to shift the Company's focus from research and development to cash flow generation; the timing to complete certain milestones in the Marwayne Agreement; and the impact of the Marwayne Agreement on Acceleware's business and shareholder value. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the availability of potential heavy oil production rights in western Canada, the availability of investment capital and other funding, the high degree of uncertainties inherent to feasibility and economic studies which are based to a significant extent on various assumptions; variations in commodity prices and exchange rate fluctuations; variations in cost of supplies and labour; lack of availability of qualified personnel; receipt of necessary approvals; availability of financing for technology and project development; uncertainties and risks with respect to developing and adopting new technologies; general business, economic, competitive, political and social uncertainties; change in demand for technologies to be offered by the Company; obtaining required approvals of regulatory authorities and/or shareholders, as applicable; ability to access sufficient capital from internal and external sources. For a more fulsome list of risk factors please see the Company's December 31, 2024, year-end Management Discussion and Analysis ('MD&A') available on SEDAR+ at . Management of the Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release to provide shareholders with a more complete perspective on the Company's current and future operations and such information may not be appropriate for other purposes. The Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. Forward-looking statements included in this news release should not be read as guarantees of future performance or results. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States. For more information: Geoff ClarkTel: +1 (403) 249-9099 [email protected]
