Due to the COVID-19 crisis, official languages minority communities (OLMCs) have experienced revenue reductions and financial hardship. With Western Canada’s economy reopening, Francophone businesses and communities need assistance to help mitigate the impacts of the pandemic.
Today, Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada), on behalf of the Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada, announced a total of $2.1 million to support the relief and recovery of Francophone businesses across Western Canada.
This includes an investment of $1.8 million through the Economic Development Initiative for the Francophone Economic Development Organizations (FEDOs) across Western Canada to establish and administer the Pan-West Francophone Economic Development Fund to support small- and medium-sized businesses, organizations, and communities.
In addition to the establishment of this Fund, each of the FEDOs in British Columbia, Alberta, Saskatchewan, and Manitoba will also receive an additional $75,000 through the Regional Relief and Recovery Fund (RRRF) to further enhance supports and services to Francophone businesses impacted by the pandemic.
Together, these investments are expected to serve over 2000 Francophone clients and generate 18 community-based projects across Western Canada.
Quotes
“We are helping businesses and communities affected by the pandemic to meet the challenges they are facing in this new reality. Today’s funding announcement is an additional boost for the Francophone community in the West to help it thrive and succeed in a post-COVID economy. We are working hard to help them come back stronger than ever.” – The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for Western Economic Diversification Canada
“Through these investments, we are making sure Francophone businesses have access to the supports and services needed to re-open and prosper in the recovery stage of this pandemic. WD’s valued partnership with the Francophone Economic Development Organizations is working to create meaningful support for Official Languages Minority Communities and ensure inclusive participation in Western Canada’s economy.” – Terry Duguid, Parliamentary Secretary to the Minister of Economic Development and Official Languages (Western Economic Diversification Canada) and to the Minister of Environment and Climate Change (Canada Water Agency)
Quick Facts
In April 2001, Western Economic Diversification Canada (WD) welcomed the four Francophone Economic Development Organizations (FEDOs) to the Western Canada Business Service Network.
The FEDOs have a long history in enhancing the vitality of minority language communities and providing economic development across Western Canada.
FEDOs provide Francophone businesses with a wide range of support including training, business and community economic development, information services, marketing advice, networking and mentoring.
Since 2019, WD has invested over $6.6 million in Francophone entrepreneurs and organizations in Western Canada.
Associated Links
Stay Connected Follow the department on Twitter: @WD_Canada
SOURCE Western Economic Diversification Canada
For further information: Jeremy Ghio, Communications Director, Office of the Minister of Economic Development and Official Languages, [email protected]; Western Economic Diversification Canada, Media Relations, [email protected]; WD Toll-Free Number: 1-888-338-WEST (9378); TTY (telecommunications device for the hearing impaired): 1-877-303-3388
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.
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.
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.
