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.
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CAPP predicts hike in oil and gas capital spending
The Canadian Association of Petroleum ProducersÌý(CAPP)ÌýÌýis 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.
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Fasken assesses WSIB Review Report
LexologyÌýhasÌýposted Fasken’s recent blog analyzing the Ontario Workplace Safety and Insurance Board’sÌýReviewÌýReport from November. The  makes 25 recommendations to transform the WSIB.
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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.Ìý25Ìýafter marketÌýclose, andÌýhas scheduled a conference call and live webcast for 10 a.m.ÌýESTÌýon Feb.Ìý26.ÌýPresident and CEO Jean-LouisÌýServranckxÌýand EVP and CFO DavidÌýSmales will host the conference call.
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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: FoundryÌýLaperle 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.
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