Business briefs – April 5

Red Deer-based Parkland Energy Services Inc. (TSXV: PKE) reported on Wednesday that it has received a demand for payment of monies owing under a debenture. Parkland Energy Services said Univalor Trust SA has advised it that a debenture payment due to Univalor on March 30 was not received. Univalor has demanded payment of the principal owing on the $2.3 million debenture plus approximately $570,000 in interest, and additional enforcement costs.

Parkland receives demand for debenture monies

Red Deer-based Parkland Energy Services Inc. (TSXV: PKE) reported on Wednesday that it has received a demand for payment of monies owing under a debenture.

Parkland Energy Services said Univalor Trust SA has advised it that a debenture payment due to Univalor on March 30 was not received. Univalor has demanded payment of the principal owing on the $2.3 million debenture plus approximately $570,000 in interest, and additional enforcement costs.

Parkland Energy Services said it has objected to the demand for payment, and disputes the amount alleged to be owing. It said it’s paid interest owing to the trustee under the debentures and had assumed that these monies were forwarded to the debenture holders.

Parkland Energy Services manufactures a variety of oilfield equipment and provides related services. It also provides lease site construction and reclamation, and pipeline construction and facility work, through its subsidiary Ace Oilfield Construction Ltd.


Lunch & Learn session to focus on foreign workers

Foreign workers are likely to play an increasingly important role in Alberta as the province’s labour market grows tighter and tighter. And that will elevate the need for cross-cultural communication, sensitivity and awareness in the workplace.

Jan Underwood, public awareness co-ordinator/community educator with the Central Alberta Refugee Effort (CARE), will offer some guidance next Wednesday at a Lunch & Learn session sponsored by the Central Alberta Rural Manufacturers Cluster project. Underwood will discuss strategies to manage diversity in the workplace, including preparation, expectations, support and management.

There is no charge to attend this event, which will take place on April 11 from noon to 1:30 p.m. at the Central Alberta Rural Manufacturers Association (CARMA) office at No. 9, 4646 Riverside Dr. But participants are asked to register by going online to www.carmagroup.ca or by calling the CARMA office at 403-347-2276.

The Central Alberta Rural Manufacturers Cluster project is a partnership between CARMA and Community Futures.


Standard of living could take a hit from aging population

OTTAWA — The economy is starting to pay a price as a result of the aging population, and the cost will grow unless Canadians adjust, says the Bank of Canada.

In a speech to the Economic Club in Toronto, deputy governor Jean Boiven said the aging workforce will reduce potential growth in Canada by about 0.2 percentage points by 2014.

“The aging of the population has begun and it will soon accelerate,” he said in notes of the speech released in Ottawa.

“Ultimately, if we ignore the reality of aging and make no adjustments, the consequence will be a lower standard of living.”

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