VANCOUVER, BC, March 10, 2021 /CNW/ – Implementing waste prevention strategies in a handful of Canadian sectors could create tens of thousands of jobs and billions in revenue, while significantly reducing greenhouse gas emissions and waste each year, according to a new report released today by the National Zero Waste Council.
Waste Prevention: The Environmental and Economic Benefits for Canada presents 15 specific waste-prevention business cases for six key sectors of the Canadian economy, and outlines the opportunities for positive environmental, social and economic impacts that would accrue by addressing waste at its source.
“Waste prevention must be part of the environmental conversation in Canada, since Canadians produce the most waste in the world on a per-capita basis,” said Jack Froese, Chair of the National Zero Waste Council. “This report is the first of its kind for Canada, and is a first of many steps toward waste prevention being realized in this country. We hope to spur discussion and action by highlighting the actions businesses and governments can take to prevent waste and promote the circular economy.”
The report explores the integral role waste prevention plays in the circular economy and presents the opportunities available to Canadian businesses. Waste prevention, also known as reduction-at-source, ensures waste is not created in the first place and is the initial step in the waste-management hierarchy.
The report outlines 15 specific waste-prevention business cases for the following sectors: construction, manufacturing, healthcare, agriculture, plastics and retail. These sectors were chosen for the large amount of waste they produce and the viability of waste-prevention interventions. Each case is evaluated based on its potential to reduce greenhouse gas emissions, create jobs, prevent waste and provide other benefits, and is based on effective strategies, such as modular construction, reverse logistics and design for reuse, repair and disassembly.
If widely implemented by government and industry, the cases presented could have profound impacts on the environment and economy, potentially preventing five million tonnes of CO2-equivalent emissions and 4.9 million tonnes of waste annually (including 1.1 million tonnes of plastics), while creating about 20,000 jobs and $41 billion in additional revenue each year.
“These business cases represent a shift away from ‘business as usual’ and involve using new technologies, designing products differently, expanding goods-as-a-service models and finding new markets for underutilized outputs,” said National Zero Waste Council Vice-Chair Jim Downham. “By providing clear business cases, the National Zero Waste Council seeks to equip business and government decision makers with the information they need to make investment and policy decisions around waste prevention.”
Read the full report: http://www.nzwc.ca/Documents/NZWC-WastePreventionReport.pdf
Read the report overview: http://www.nzwc.ca/Documents/NZWC-WastePreventionReportOverview.pdf
View the infographic: http://www.nzwc.ca/Documents/WPInfographic.pdf
About the National Zero Waste Council
The National Zero Waste Council, an initiative of Metro Vancouver, is leading Canada’s transition to a circular economy by bringing together governments, businesses and NGOs to advance a waste prevention agenda that maximizes economic opportunities for the benefit of all Canadians.
Teghan Acres, Communications Coordinator, National Zero Waste Council, 604.809.7131, [email protected]
Jennifer Saltman, Media Relations Officer, Metro Vancouver, 604.314.5964, [email protected]
SOURCE National Zero Waste Council
CANADA STOCKS – TSX ends flat at 19,228.03
* The Toronto Stock Exchange’s TSX falls 0.00 percent to 19,228.03
* Leading the index were Corus Entertainment Inc <CJRb.TO>, up 7.0%, Methanex Corp, up 6.4%, and Canaccord Genuity Group Inc, higher by 5.5%.
* Lagging shares were Denison Mines Corp, down 7.0%, Trillium Therapeutics Inc, down 7.0%, and Nexgen Energy Ltd, lower by 5.7%.
* On the TSX 93 issues rose and 128 fell as a 0.7-to-1 ratio favored decliners. There were 26 new highs and no new lows, with total volume of 183.7 million shares.
* The most heavily traded shares by volume were Toronto-dominion Bank, Nutrien Ltd and Organigram Holdings Inc.
* The TSX’s energy group fell 1.61 points, or 1.4%, while the financials sector climbed 0.67 points, or 0.2%.
* West Texas Intermediate crude futures fell 0.44%, or $0.26, to $59.34 a barrel. Brent crude fell 0.24%, or $0.15, to $63.05 [O/R]
* The TSX is up 10.3% for the year.
Canadian dollar outshines G10 peers, boosted by jobs surge
By Fergal Smith
TORONTO (Reuters) – The Canadian dollar advanced against its broadly stronger U.S. counterpart on Friday as data showing the economy added far more jobs than expected in March offset lower oil prices, with the loonie also gaining for the week.
Canada added 303,100 jobs in March, triple analyst expectations, driven by the recovery across sectors hit by shutdowns in December and January to curb the new coronavirus.
“The Canadian economy keeps beating expectations,” said Michael Goshko, corporate risk manager at Western Union Business Solutions. “It seems like the economy is adapting to these closures and restrictions.”
Stronger-than-expected economic growth could pull forward the timing of the first interest rate hike by the Bank of Canada, Goshko said.
The central bank has signaled that its benchmark rate will stay at a record low of 0.25% until 2023. It is due to update its economic forecasts on April 21, when some analysts expect it to cut bond purchases.
The Canadian dollar was trading 0.3% higher at 1.2530 to the greenback, or 79.81 U.S. cents, the biggest gain among G10 currencies. For the week, it was also up 0.3%.
Still, speculators have cut their bullish bets on the Canadian dollar to the lowest since December, data from the U.S. Commodity Futures Trading Commission showed. As of April 6, net long positions had fallen to 2,690 contracts from 6,518 in the prior week.
The price of oil, one of Canada‘s major exports, was pressured by rising supplies from major producers. U.S. crude prices settled 0.5% lower at $59.32 a barrel, while the U.S. dollar gained ground against a basket of major currencies, supported by higher U.S. Treasury yields.
Canadian government bond yields also climbed and the curve steepened, with the 10-year up 4.1 basis points at 1.502%.
(Reporting by Fergal Smith; Editing by Andrea Ricci)
Canadian dollar rebounds from one-week low ahead of jobs data
By Fergal Smith
TORONTO (Reuters) -The Canadian dollar strengthened against its U.S. counterpart on Thursday, recovering from a one-week low the day before, as the level of oil prices bolstered the medium-term outlook for the currency and ahead of domestic jobs data on Friday.
The Canadian dollar was trading 0.4% higher at 1.2560 to the greenback, or 79.62 U.S. cents. On Wednesday, it touched its weakest intraday level since March 31 at 1.2634.
“We have seen partial retracement from the decline over the last couple of days,” said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets.
“With oil prices where they are – let’s call WCS still at roughly $49 a barrel – I still think CAD has room to strengthen over the medium term and even over a one-week horizon.”
Western Canadian Select (WCS), the heavy blend of oil that Canada produces, trades at a discount to the U.S. benchmark. U.S. crude futures settled 0.3% lower at $59.60 a barrel, but were up nearly 80% since last November.
The S&P 500 closed at a record high as Treasury yields fell following softer-than-anticipated labor market data, while the U.S. dollar fell to a two-week low against a basket of major currencies.
Canada‘s employment report for March, due on Friday, could offer clues on the Bank of Canada‘s policy outlook. The central bank has become more upbeat about prospects for economic growth, while some strategists expect it to cut bond purchases at its next interest rate announcement on April 21.
On a more cautious note for the economy, Ontario, Canada‘s most populous province, initiated a four-week stay-at-home order as it battles a third wave of the COVID-19 pandemic.
Canadian government bond yields were lower across a flatter curve in sympathy with U.S. Treasuries. The 10-year fell 3.3 basis points to 1.469%.
(Reporting by Fergal Smith;Editing by Alison Williams and Jonathan Oatis)