Take Stock – November 12

Canwest Limited Partnership, the unit of restructuring media giant Canwest Global Communications Corp. that holds the National Post and other newspapers, is in discussions with creditors over an extension to its debt repayment obligations.

Canwest LP wants debt repayment extension

Canwest Limited Partnership, the unit of restructuring media giant Canwest Global Communications Corp. that holds the National Post and other newspapers, is in discussions with creditors over an extension to its debt repayment obligations. The original deadline for creditor forbearance — or an agreement to hold off from asking for debt payments when a company is in default — was Oct. 31 and the first extension to that deadline expired on Monday. The Canwest LP said Tuesday it was talking with the lenders to further extend that forbearance as the company restructures.

The Canwest LP is not one of a number of Canwest Global divisions that are restructuring under creditor protection. It owns and operates 12 daily newspapers — including the Montreal Gazette and Ottawa Citizen — 23 community newspapers, online operations and other publications.


Some farmers had good year in 2008: statscan

A new report says last year was a good one for Canada’s grain and oilseed producers, but livestock producers — particularly hog farmers — had it rough. Statistics Canada reports rising feed costs and virtually flat market prices combined to put the squeeze on some farmers as production and inventory of both hogs and cattle fell significantly. The agency says large production of grains and oilseeds and higher prices contributed to an increase in farm cash receipts in 2008.

Total farm cash receipts in constant dollars, which consisted of receipts from sales of crops and livestock plus program payments, increased 10.9 per cent. Virtually all of the increase — 96.2 per cent — was attributable to crops receipts Internationally, exports of Canadian agricultural and fish products in 2008 increased 18.7 per cent from 2007, while imports rose 11.7.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Olds RCMP bust nets guns, drugs and copper wire

Three people from Olds and a Calgary man facing numerous charges

Opposition promises new info on Trans Mountain costs

OTTAWA — Federal opposition parties are promising new information about the price… Continue reading

Bed Bath & Beyond rises as retailer unveils turnaround plan

Shares of Bed Bath & Beyond are moving sharply higher before the… Continue reading

Inflation rises again, hitting 2.4 per cent in January, Statistics Canada says

OTTAWA — Statistics Canada says the annual pace of inflation in Canada… Continue reading

Hereditary chiefs say they’ll meet with ministers if RCMP get out

VANCOUVER — A small, mobile RCMP detachment in a remote area of… Continue reading

Your community calendar

Feb. 19 A Liberation of Holland event is being held at the… Continue reading

New highway to B.C. proposed

The Howse Pass shortcut to British Columbia is worth taking another look… Continue reading

Stolen car provides opportunity to try out public transit

I had my car stolen on Jan. 10, just as our one… Continue reading

Any other protesters would be sitting in jail by now

I’d really like to know why the current Indigenous pipeline blockades aren’t… Continue reading

Wolfpack hooker James Cunningham out for six months after hamstring surgery

The Toronto Wolfpack’s depleted squad has taken another hit with James Cunningham… Continue reading

Virologist: Tokyo Olympics probably couldn’t be held now

TOKYO — A respected Japanese virologist on Wednesday said if the Tokyo… Continue reading

Bong happy ‘Parasite’ succeeded despite disparity it showed

SEOUL, Korea, Republic Of — Oscar-winning “Parasite” director Bong Joon-ho said Wednesday… Continue reading

Vancouver-raised Kenneth Lum among winners of $25K Governor General’s art awards

OTTAWA — Vancouver-bred contemporary artist Kenneth Lum, whose works have challenged notions… Continue reading

Most Read