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Globe and Mail
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FEC Resources Settles PXP Loan by Issuing Shares
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - FEC RESOURCES INC. (OTC Pink: FECOF) ("FEC" or the "Company") is pleased to report that PXP Energy Corporation ("PXP") agreed to convert its outstanding loan of $1,011,155.88 plus accrued interest to July 31, 2025 of $146,604.90 into shares of FEC at $0.0088 per FEC share. 131,563,725 common shares of FEC were issued to settle a total of $1,157,760.78 in debt.
CTV News
4 minutes ago
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Hydro-Quebec proposes 4.8% rate hike for businesses, 3% for residents
Hydro-Quebec is proposing annual rate increases of three per cent for residential consumers and 4.8 per cent for commercial and industrial customers over the next three years. The Crown corporation presented its rate requests for 2026, 2027, and 2028 on Thursday, which must be approved by Quebec's energy board, the Régie de l'énergie. For the residential sector, the proposed increase would raise the average electricity bill by approximately $2.40 per month for an apartment and $6.70 for an average-sized house. Hydro-Quebec's request is part of François Legault's government's energy reform, adopted under closure last June. It aims to limit residential electricity rate increases to a maximum of three per cent. In addition, the corporation has announced an increase in its budget for measures to help consumers reduce their bills, including the smart thermostat program, up to $2.5 billion for the next three years. In the business community, the proposed 4.8 per cent increase is already drawing criticism, though Hydro-Quebec denies that it is hurting small and medium businesses. 'Rates in Quebec remain significantly lower than in other jurisdictions,' said Dave Rhéaume, executive vice president of commercial operations and head of customer relations, at a press conference. The Régie de l'énergie is expected to render a decision in March 2026. The new rates would then be scheduled to take effect on April 1 that year. - This report by The Canadian Press was first published in French on July 31, 2025.
CTV News
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New Australian charter school works to open in Calgary in fall 2026
Australia-based BUSY School, which has 10 locations in both Australia and New Zealand, is planning to open its first school in Calgary by 2026. Calgary students in Grades 10, 11, and 12 could attend a new charter school planning to open in September 2026. Australian not-for-profit, BUSY School is working on a declaration campaign, striving to open its inaugural Canadian campus in Calgary in the fall. 'Once a kid doesn't complete high school life gets a little bit tougher,' said Stephen Riley, chief executive officer of the BUSY Group North America. Riley did not complete high school, but he knew he would be okay since he had an immense amount of support. 'But to know that there are kids out there that are not necessarily going to be okay without this kind of support is really our driving force,' he said. BUSY School model The first BUSY School opened in Queensland, Australia, in 2020 and now there are 10 campuses across Australia and New Zealand. Riley explains they are hyper-focused on students and fostering a safe space conducive to learning. The moment a student enrolls, they are interviewed about what they want and need, based on their previous experiences. 'Our schooling is really there to work very, very closely with individual kids, and those that particularly want a pathway to employment or see that as their future,' he said. Students address staff by their first names, they have uniforms with hoods that they can put up, signaling when they are feeling overwhelmed and work-based learning and counseling are built into programming. In an email to CTV News, the Alberta Teachers' Association (ATA) said 'approaches similar to the BUSY model are being used in several public schools in Calgary.' 'However, rather than supporting the creation of charter schools that can pick and choose which students they accept, and which are not governed by elected school boards, the province should focus on investing public funds in the public education system,' the ATA said. Declaration campaign underway BUSY School is in the application process with the Alberta government for a charter school, already gathering 70 of their desired 100 signatures. If approved, they will choose a campus location that is easily accessible and start hiring staff. Once that's done, it will open enrollment to as many as 400 students. The ATA says personnel for a brand new school could be an obstacle in the current conditions. It says one-in-three teachers are choosing to leave the profession in recent years. 'While the new charter school will likely be able to recruit teachers—retaining them will be the challenge.'
