New MaxiMetal fire truck will keep residents safe, home insurance costs low, chief says
Investment
‘It’s a good investment’ — Hemsworth
PRINCE TOWNSHIP — For many small communities, a brand-new fire truck with a $400,000 price tag might seem like a budget-busting extravagance.
But Steve Hemsworth, fire chief at the Prince Township Volunteer Fire Department, believes the township’s new pumper/tanker truck will prove a solid long-term investment.
“We should get 30 years of life out of this truck, Hemsworth said during a recent interview at the fire hall. “We’re going to run it the first 15 as a pumper … (and) 15 years as a tanker.
“The nice part about us having a new truck now is that we get the best years out of a truck for once, to enjoy the minimal repairs and having a dependable unit.”
The 2019 truck was manufactured by the Quebec-based MaxiMetal Inc., which supplies emergency vehicles to the Montreal Fire Department. Before it’s arrival in Prince, it was used only as a demonstrator.
At 27-foot long, the vehicle is compact, but its tank holds 1,800 Imperial gallon of water, and its on-board pump can deliver 1,000 gal. of water a minute through 4” diameter hoses. It also carries an on-board system to deliver fire retardant foam at the flip of a couple of switches.
The truck is also equipped with a large porta tank, which firefighters can quickly set up at a fire scene as an emergency water supply. The porta tank can hold the contents of the truck’s tank with room to spare.
“If we have a call where we don’t have a hydrant, (the porta tank) is our hydrant,” Hemsworth explained. “The tanker crew would take the porta tank off the truck, set it up, and dump the truck’s water into it. Then the truck can go to a hydrant or a lake to be refilled with water.”
With its multiple storage compartments, the truck can carry all the equipment firefighters are likely to need in any rural firefighting scenario: a medical kit, cutting tools, four self-contained breathing apparatus units, hoses, and several portable pumps, including those needed to battle a wildland blaze.
The pumps and hoses designed for wildland firefighting are compatible with those used by the Ministry of Natural Resources, Hemsworth noted.
The compatibility means that township firefighters can battle a wildland fire unassisted until MNR firefighters reach the scene then work seamlessly with them once they arrive.
The cab includes new safety features the department’s second-hand vehicles lacked, including a warning system that alerts the driver when a door or compartment is open and a backup camera.
“Everything on this vehicle meets the safety standards that are current now,” Hemsworth said.
The MaxiMetal truck has now replaced the township’s 24-year-old pumper truck as the department’s front-run, or primary, firefighting vehicle. Over the next five years, the old pumper truck will serve as a backup vehicle, but its main use will be for medical first response calls.
Once it reaches age 30, Hemsworth wants to see it decommissioned and replaced, but he added that the decision will be up to “the council of the day.”
Two other fire department vehicles have already been decommissioned and will shortly be sold: the 24-year-old medical rescue van, and the 34-year-old tanker truck.
What’s most important to Hemsworth is that the purchase of the new truck k brings the fire department into compliance with the standards required by Underwriters’ Laboratories of Canada (ULC), which sets the fire insurance rates for residential and commercial properties in all Canadian municipalities that have fire departments.
ULC standards require a municipality with more than 1,000 residents to have at least one front-run firefighting vehicle that is no more than 15 years old.
The standards permit fire trucks more than 15 years old may to be used as backup, or support, vehicles and kept up to the age of 30.
In his report to council last November, Hemsworth cautioned that the township would risk liability for any damages that might result if the fire department sent its 24-year old pumper truck as the front-run vehicle on a fire call and the truck or its pump broke down.
The arrival of the new truck eliminates that risk.
“It’s a good investment, because we now have a dependable truck that’s in good repair. We have a truck that meets all the insurance standards and will keep taxpayers’ insurance rates low,” Hemsworth said.
“We’ll get the first 15 years of good service and keep repair costs low, because (the truck) is under warrantee.”
Investment
Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.
Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.
“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”
Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.
Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.
Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.
Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.
In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.
The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.
And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.
Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.
The stock is now showing a 16.1% gain for the year after rising the past two days.
The Canadian Press. All rights reserved.
Investment
S&P/TSX composite up more than 100 points, U.S. stock markets mixed
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
Economy
S&P/TSX up more than 200 points, U.S. markets also higher
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
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