Stakeholders react to Ontario pandemic restrictions
The Ontario government has imposed restrictions on non-essential construction projects as part of a declaration of a pandemic state of emergency. Watch for our coverage of construction stakeholder reaction coming soon.
CAPP predicts hike in oil and gas capital spending
The Canadian Association of Petroleum Producers (CAPP) is forecasting a 14 per cent increase in upstream natural gas and oil investment in 2021. Capital spending in the sector is expected to be around $3.36 billion higher this year, CAPP revealed this morning, reaching $27.3 billion, compared to an estimated total investment of $24 billion in 2020. Conventional oil and natural gas capital investment for 2021 is forecast at $20 billion, up from an estimated $17.2 billion last year. Capital investment in the oilsands is forecast at $7.3 billion in 2021, up from an estimated $6.7 billion total in 2020.
Fasken assesses WSIB Review Report
Lexology has posted Fasken’s recent blog analyzing the Ontario Workplace Safety and Insurance Board’s Review Report from November. The report makes 25 recommendations to transform the WSIB.
Aecon schedules year-end report
Aecon Group Inc. announced today that it intends to release its fourth quarter and year-end 2020 financial results on Feb. 25 after market close, and has scheduled a conference call and live webcast for 10 a.m. EST on Feb. 26. President and CEO Jean-Louis Servranckx and EVP and CFO David Smales will host the conference call.
Bibby-Ste-Croix marks 100 years
Quebec-based foundry Bibby-Ste-Croix today issued a notice of thanks to customers on its centennial anniversary. The company has two foundry locations: Foundry Laperle in St. Ours, Que. which is the largest Canadian manufacturer of municipal road castings including manhole covers, Canadian valve boxes, waterworks fittings and tree grates; and Foundry Ste-Croix in Ste-Croix, Que. where cast iron drain, waste and vent (DWV) pipe is manufactured for plumbing systems.