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Brampton banquet halls and weddings bigger COVID-19 concern than restaurants, mayor says – Brampton Guardian

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While applauding recently announced stricter COVID-19 restrictions on restaurants and bars by the Ontario Government, Brampton Mayor Patrick Brown says banquet halls and weddings in Brampton are a bigger concern.

“There continues to be a number of large events at banquet halls, and I think we need some tougher rules when it comes to banquet halls,” Brown told reporters during a Sept. 23 news conference.

“Interesting is that we’re hearing from public health that there’s not significant transmission among restaurants. They’ve handled the Stage 3 quite well, but where there’s an area of concern, we all have to keep an eye out is with banquet halls and weddings,” the mayor added during a committee of city council meeting later the same day.


Brown voiced his concerns about banquet halls two days before Premier Doug Ford announced new restrictions on bars, restaurants and strip clubs, including closing in-person dining and moving last call up to 11 p.m. Only delivery and takeout will be permitted after 11 p.m.

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The province’s decision comes in the wake of a surge in COVID-19 cases in Ontario, with Peel Region — especially Brampton — contributing a significant portion of daily lab-confirmed infections in recent weeks. There were 130 new cases confirmed in Peel on Friday (Sept. 26) — the highest single-day total since May 25 — with Brampton accounting for 89 of them.  

The recent spike in cases also prompted the provincial government to reduce the permitted size of residential social gatherings in homes, backyards and parks from 50 indoors and 100 outdoors to 10 indoors and 25 outdoors. However, those changes to social gatherings did not include weddings and banquet halls.

Peel’s medical officer of health, Dr. Lawrence Loh, confirmed that a significant number of recent cases have been traced back to weddings and similar events at banquet halls, adding regional health authorities are monitoring the situation and may eventually recommend scaling back the current 50-person limit.

“Social gatherings are a start,” he said during the City of Brampton’s latest COVID-19 update. “We’ve had a number of wedding exposures and that’s been seen throughout the Greater Toronto Area. So, certainly, revisiting wedding and celebrations of that nature are things that we would look at.

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Alberta exempts energy companies drilling wells or building pipelines from property taxes for three years – Edmonton Journal

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Article content continued

But the Rural Municipalities of Alberta (RMA) warned that the models under considerationwould cause “potentially devastating impacts on rural Alberta” and could cost rural municipalities more than $290 million in 2021 alone.

Allard said Monday the government would not be choosing any of those previous models.

Instead the government estimates its three-year plan will save the industry between $81 and $84 million.

“These measures are intended to provide much needed certainty to industry investors, municipalities, and other taxpayers for the next three years,” Allard said.

Meanwhile, Allard said the government will be startinga longer-term review of the system, including the ongoing issue of energy companies’ unpaid property taxes.

Tim McMillan, president and CEO of Canadian Association of Petroleum Producers, said the property assessment values being used under the current system are not accurate so he doesn’t view the changes for the next three years as a tax break.

“This is an interim measure, as we’re working to correct a broader system issue that has built up over a very long period of time,” he said.

RMA president Al Kemmere said he hasn’t crunched the numbers yet to see exactly how much municipalities will lose under this plan but said it will be “nowhere near what we were looking at under the proposals.” He said he believes members of the association are willing to do their part.

Kemmere saidunpaid taxes continues to be his organization’s top priority and that some members are on the cusp of not being able to pay their bills. Municipalities estimate they are owed approximately $173-million.

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OPEC Is On The Brink Of A Crisis – OilPrice.com

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OPEC+ Is On The Brink Of A Crisis | OilPrice.com

Cyril Widdershoven

Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently, he holds several advisory positions with international think tanks in the Middle…

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    The OPEC+ member countries are on the brink of a financial crisis if the latest assessments of the International Monetary Fund (IMF) are accurate. The IMF has presented a very bleak outlook for an economic recovery in the Middle East and Central Asia, predicting a 4.1% contraction for the region. The main driving factor behind this bearish outlook is the IMF’s forecast that oil prices will remain in the $40 to $50 range in 2021. An extension of the current low oil price environment for another year would badly hurt oil and gas exporting countries, which includes all of the OPEC+ members. In its statement, the IMF predicted an economic contraction of 2.8% in April for the Middle East and Central Asia. IMF director Jihad Azour highlighted a large disparity in the projected economic loss of oil-importing and exporting countries, forecasting a negative 6.6% growth for oil-exporting countries, compared to a contraction of 1.3% for oil-importing countries. With many of the OPEC+ members being rentier-states, the need for higher oil prices cannot be overstated. A vast part of the government budgets of OPEC member states depends on oil and gas-related revenues. As such, all OPEC countries are looking at significant budget deficits this year, especially Saudi Arabia, the UAE, Bahrain, Iraq, Iran, and Kuwait. Former OPEC member Qatar is in a similar situation, even as it tries to mitigate the damage by increasing its LNG exports. As both oil and gas demand has seen significant demand destruction this year, prices for both have plunged. At present, Brent oil prices are still 40% below their pre-COVID levels.  There is little hope of a significant rise in prices any time soon as global oil and gas storage volumes are still at historically high levels, and demand looks set to dip again due to new COVID-related lockdowns and a further economic recession. The frequently cited breakeven price for the Saudi government budget is $80 per barrel, although Saudi government budget discussions seem to revolve around an oil price of $50. Iraq has also stated that it expects price levels of $50 per barrel for 2021. These optimistic predictions seem to be based solely on Chinese post-Covid economic figures, which have proven to be highly untrustworthy and don’t take into account the fact that global demand for Chinese products will also need to pick up. The impact of the second wave of COVID cases in Europe and America will undoubtedly hurt this demand for Chinese goods. Related: Biden’s $2 Trillion Energy Plan Could Crush Natural Gas

    But of all the parties that will suffer from low oil prices and the continued impact of a global pandemic, OPEC+ members will suffer the most. Some oil and gas producers were already in a dire financial situation before COVID, including Libya and Venezuela. The major oil market contango and storage glut has been largely overlooked recently, but it still very much exists. Reports of demand recovery in some markets appear to be more wishful thinking spurred by multi-trillion-dollar cash injections rather than a viable economic recovery. OPEC and the IEA both agree that demand is still fledgling, having both cut world oil demand forecasts. The IEA cut its outlook for worldwide oil demand to 91.7 million barrels per day this year while OPEC brought its forecast down to 90.2 million in 2020. OPEC reiterated that future cuts could still be made.

    With the financial environment outlined above, OPEC+ members can no longer afford to base their economic stability and future on hydrocarbons alone. Economic diversification has to be put in place, even if the effects won’t be felt for years. Government budget cuts are imminent and could destabilize the region if not done prudently. OPEC+ discussions on stabilizing the market should not be focused at present on price levels or market share only. The real question is how to create a market that is resilient enough to cope with Black Swan events without toppling the current ruling elite. Instability is not only increasing in the Arab producer regions, but also in Russia where sanctions and low oil prices are taking their toll.

    OPEC+ members cannot simply bet on the death of U.S. shale as it is an industry that has proven incredibly hard to kill over the years. U.S. shale will almost certainly reemerge, possibly in a different form, but it is reasonable to assume the sector itself is far from dead. Leaders in Riyadh, Abu Dhabi, Moscow, and Kuwait City now have to find a way to survive. With oil at $50 per barrel in 2021, some OPEC members will be in a real crisis. With that in mind, a conventional OPEC+ JMMC statement today or tomorrow will be seen by some as a white flag.

    By Cyril Widdershoven for Oilprice.com

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      Stay Safe and Follow Public Health Advice This Halloween | Ontario Newsroom – Government of Ontario News

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      Ontario Newsroom | Salle de presse de l’Ontario

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