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Economy

The future is a Circular Economy

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Canada’s manufacturing sector is coming full circle and thinking differently about the environmental impact of materials within its industries. Looking for ways to change the industry’s take-make-waste approach to a fuller circular economy, one where there is consideration of building materials beyond their end of life. Designing becomes like a biological process, with a more regenerative life cycle introducing natural, renewable products that have a more enduring sustainable design.

What’s a circular economy? Presently and in the past design and manufacturing often discarded materials due to their age or condition. Within a circular Economy model, these items are revitalized, recycled and reused, and repurposed for similar or new uses, keeping them from the landfill. Integrating these items will save energy, and less energy is used or lost through the process. Salvaging what was once thought to be garbage or waste.

What are the inputs and outputs of this economy? Well, let’s look at construction as a model example. The building or up building a new or existing home, the manufacturers can give old items such as old trusses, barn boards and antique materials new purpose into new designs and manufacturing processes. Make products and assets last longer, more durable and repairable. The full life cycle of items needs to be considered, giving these materials back to the supply chain for secondary or tertiary use.

If applied to built environmental sectors, this economy can cut waste, recapture the lost value of items, and realize new economic, social and environmental benefits. Manufacturers look for circular inputs with lower ecological impacts, such as renewable materials.

Within the millwork industry, wood, bamboo, hemp, straw, and other items are naturally renewable, as is most metals and some plastics. Renewing products gives us the opportunity to replace outputs associated with more energy-intensive load-bearing materials. Manufacturing facilities can better use their recourse and reduce their deliveries, decreasing overall vehicle emissions. Scraps can be repurposed or used as bio-energy.

If our economy and social fabric are to prosper and survive, new economic concepts and their practical methodology need to be devised. Considering the embodied energy represented by construction, manufacturing and demolition waste and the implications of continual materials disposal, new concepts of renewable, repurposed products make sense in moving toward a low-carbon future.

Steven Kaszab
Bradford, Ontario
skaszab@yahoo.ca

 

Economy

S&P/TSX composite gains almost 100 points, U.S. stock markets also higher

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets also climbed higher.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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Economy

Statistics Canada reports wholesale sales higher in July

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OTTAWA – Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 0.4 per cent to $82.7 billion in July.

The increase came as sales in the miscellaneous subsector gained three per cent to reach $10.5 billion in July, helped by strength in the agriculture supplies industry group, which rose 9.2 per cent.

The food, beverage and tobacco subsector added 1.7 per cent to total $15 billion in July.

The personal and household goods subsector fell 2.5 per cent to $12.1 billion.

In volume terms, overall wholesale sales rose 0.5 per cent in July.

Statistics Canada started including oilseed and grain as well as the petroleum and petroleum products subsector as part of wholesale trade last year, but is excluding the data from monthly analysis until there is enough historical data.

This report by The Canadian Press was first published Sept. 13, 2024.

The Canadian Press. All rights reserved.

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Economy

S&P/TSX composite up more than 150 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in the base metal and energy sectors, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 172.18 points at 23,383.35.

In New York, the Dow Jones industrial average was down 34.99 points at 40,826.72. The S&P 500 index was up 10.56 points at 5,564.69, while the Nasdaq composite was up 74.84 points at 17,470.37.

The Canadian dollar traded for 73.55 cents US compared with 73.59 cents US on Wednesday.

The October crude oil contract was up $2.00 at US$69.31 per barrel and the October natural gas contract was up five cents at US$2.32 per mmBTU.

The December gold contract was up US$40.00 at US$2,582.40 an ounce and the December copper contract was up six cents at US$4.20 a pound.

This report by The Canadian Press was first published Sept. 12, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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