logo
Grieg Seafood's N.L. operations sold to global salmon farming company

Grieg Seafood's N.L. operations sold to global salmon farming company

CBCa day ago
Grieg Seafood has signed an agreement to sell its operations in Newfoundland and Labrador to Cermaq, a global salmon company based in Oslo. Grieg has 110 employees in the province, with connections to Placentia Bay and Marystown. Cermaq CEO Steven Rafferty says it presents a great opportunity for the company, while the mayor of Marystown remains cautiously optimistic.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Michael Taube: Poilievre's right — Canada needs a hard cap on immigration
Michael Taube: Poilievre's right — Canada needs a hard cap on immigration

National Post

time34 minutes ago

  • National Post

Michael Taube: Poilievre's right — Canada needs a hard cap on immigration

Conservative Leader Pierre Poilievre has long recognized what the Liberals have only started to acknowledge: immigration levels in Canada are too high and unsustainable. He has a plan to get things back under control, and it's a sensible political strategy to take. Article content Poilievre suggested a new immigration policy for the Conservatives in June. 'We want severe limits on population growth to reverse the damage the Liberals did to our system,' he said at a press conference last month. 'The population has been growing out of control, our border has been left wide open. This has caused the free flow of drugs, illegal migration, human trafficking and much worse.' Article content Article content Global News asked him to elaborate on his remarks at a press conference in Ottawa this week. 'In order to fix the problem,' he replied, 'we've got to put very hard caps on immigration levels. We need more people leaving than coming for the next couple of years … so our country can actually catch up.' Article content Article content In addition, Poilievre pointed out that, 'We've had population growth of roughly a million a year under the Liberals, while we barely build 200,000 homes. Our job market is stalled and yet we are adding more people to the workforce. Our young people are facing generational highs in unemployment because … multinational corporations are giving jobs to low-wage temporary foreign workers.' Article content He's right. Conservatives recognize the importance of immigration on everything from promoting diversity to achieving economic success, but they also recognize that Canada simply can't handle the financial burden that the annual influx of immigration has caused over the past decade of Liberal rule. Article content Article content It wasn't always this way. Statistics Canada's 2016 paper, ' 150 years of immigration in Canada,' noted that the number of landed immigrants since the 1990s had 'remained relatively high, with an average of approximately 235,000 new immigrants per year.' The highest tally ever recorded to that point was in 1913, when 'more than 400,000 immigrants arrived in the country.' Article content Article content Canada experienced a steady level of population growth through immigration for more than a century. Until Justin Trudeau was elected prime minister, that is. Article content Trudeau's early years actually didn't witness a significant spike in immigration. A total of 296,350 immigrants arrived on our shores in 2016, while the number decreased slightly to 286,480 in 2017. Nothing out of the ordinary, all things considered. Article content But in 2016, the federal government's advisory council on economic growth suggested that immigration targets could be increased by 150,000 annually over the next five years. It specifically recommended Ottawa take a 'gradual approach to scaling annual immigration to the recommended 450,000 level over the next 5 years.'

S&P/TSX composite down in late-morning trading, U.S. stock markets also lower
S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

CTV News

time34 minutes ago

  • CTV News

S&P/TSX composite down in late-morning trading, U.S. stock markets also lower

TORONTO — Losses in industrial and telecommunication stocks weighed on the Toronto market as Canada's main stock index fell in late-morning trading, while U.S. stock markets also pulled back. The S&P/TSX composite index was down 78.55 points at 27,308.38. In New York, the Dow Jones industrial average was down 149.30 points at 44,335.19. The S&P 500 index was down 3.89 points at 6,293.47, while the Nasdaq composite was down 15.60 points at 20,870.05. The Canadian dollar traded for 72.89 cents US compared with 72.71 cents US on Thursday. The September crude oil contract was up 78 cents US at US$67.01 per barrel. The August gold contract was up US$14.80 at US$3,360.10 an ounce. --- This report by The Canadian Press was first published July 18, 2025.

Fauquier-Strickland meets with Ministry of Municipal Affairs and Housing
Fauquier-Strickland meets with Ministry of Municipal Affairs and Housing

CTV News

time34 minutes ago

  • CTV News

Fauquier-Strickland meets with Ministry of Municipal Affairs and Housing

Officials with Fauquier-Strickland, which is heavily in debt and has threatened to cease services, have met with the Ministry of Municipal Affairs and Housing. Officials with Fauquier-Strickland, which is heavily in debt and has threatened to cease services, have met with the Ministry of Municipal Affairs and Housing. Town in financial crisis meets with the province In a phone interview with CTV News, Madeleine Tremblay, the mayor of Fauquier-Strickland, said officials with the Ministry of Municipal Affairs and Housing met with her on Wednesday to review the municipality's financial crisis. Last week in a letter to residents, mayor and council announced it would have to cease most of its core services by Aug. 1. The municipality has accumulated $2.5 million in debt in the past decade. That means it can't afford to pay for services such as road maintenance, landfill, cemetery and fire without financial help from the province. Tremblay told CTV News that the meeting went well and the municipality now awaits recommendations from Minister Robert Flack's office. She said no timeline has been given. In the meantime, Tremblay said she's working on finding a solution to be able to continue providing municipal services.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store