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Quebec gets the exact child care deal Ottawa denied to Alberta! Province calling for a new agreement

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Minister of Children’s Services Rebecca Schulz issued the following statement in response to the Quebec-Canada agreement on a Canada-wide early learning and child care system:

“Today, we’ve learned that the federal government and Quebec have agreed to a $6-billion child care agreement without conditions. This is the exact arrangement Ottawa rejected when Alberta asked for it this week and last week. Furthermore, when we asked Ottawa if any province would receive a straight transfer of child care dollars with no conditions attached, we were told no.

“This is dishonest, bad-faith negotiating from Ottawa right before an election. It’s frustrating to see Alberta parents could be left behind because of Prime Minister Justin Trudeau’s cynical pre-election manoeuvring especially given that we are absolutely committed to affordable, accessible child care that meets the diverse needs of Alberta kids and families.

“We believe we can reduce child care fees to $10 per day or less for low-income families and cut fees by an average of half, respecting the choices that many parents make including out-of-school care and overnight child care. That’s why we asked for the flexibility Quebec received today.

“We have an action plan that meets the goals of the federal government and is flexible enough to meet the needs of Alberta parents. We are optimistic that given Alberta’s continued investments in child care and the renewed bilateral agreement signed last month, we can come to a new agreement quickly. With an election call any day, we call on the federal government to give Alberta a fair deal and provide full child care funding without conditions through a signed early learning and child care agreement as soon as possible. Our economic recovery and working parents, especially women across this province, are counting on it.”

This is a news release from the Government of Alberta.

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Alberta

Cenovus Energy to buy remaining stake in Toledo refinery from BP for $300 million

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CALGARY — Cenovus Energy Inc. has reached a deal with British energy giant BP to buy the remaining 50 per cent stake in the BP-Husky Toledo Refinery for $300 million.

The Calgary-based oil producer has owned the other 50 per cent of the Ohio-based refinery since its combination with Husky Energy in 2021.

Cenovus says its U.S. operating business will take over operations when the transaction closes, expected before the end of the year.

The company says the Toledo refinery recently completed a major, once in five years turnaround to improve operational reliability.

It says the transaction will give Cenovus an additional 80,000 barrels per day of downstream throughput capacity, including 45,000 barrels per day of heavy oil refining capacity.

The deal brings Cenovus’ total refining capacity to 740,000 barrels per day.

Alex Pourbaix, Cenovus president and CEO, says fully owning the Toledo refinery provides an opportunity to further integrate the company’s heavy oil production and refining capabilities, including with the nearby Lima Refinery.

“This transaction solidifies our refining footprint in the U.S. Midwest and increases our ability to capture margin throughout the value chain,” he said in a statement.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:CVE)

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Alberta

Nutrien names Ken Seitz president, CEO amid sweeping changes in agriculture markets

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Saskatoon-based fertilizer giant Nutrien Ltd. has named Ken Seitz president and CEO following a months-long global talent search. 

The company says Seitz, who has served as interim CEO since January and previously headed up its potash operation, brings 25 years of experience in agriculture and mining to the role.

Nutrien says it has achieved record results under Seitz’s leadership amid sweeping changes in agricultural markets and unprecedented global food security challenges.

Russ Girling, chairman of Nutrien’s board of directors, says the company’s record performance during some of the most turbulent times in the sector underscore the strength of Seitz’s leadership. 

Seitz, who grew up on a dairy farm in Saskatchewan, says he’s “honoured and humbled” to work alongside growers during challenging times.

He says Nutrien is well positioned to help meet the global goals of food security and climate action.

This report by The Canadian Press was first published Aug. 8, 2022.

Companies in this story: (TSX:NTR)

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