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Thursday, January 20, 2011
Ridley Terminal signs new long term contract
Ridley Terminals today signed an agreement with US –based Arch Coal that will see the facility in Prince Rupert ship two million metric tonnes of coal in 2011 and 2.5 million metric tonnes of coal from 2012 through to 2015.
"RTI's vision is to provide value to its parent company and expand its role as a leading trade gateway between North American and world markets," said George Dorsey, president of Ridley Terminals.
“This agreement is a very important contract for the terminal. Arch Coal's guaranteed U.S. coal volumes will support our goal of doubling our capacity by 2015."
The contract comes just after Ridley Terminals shattered the previous record by shipping almost 8.3 million tonnes in 2010, almost doubling the throughput of 2009
"RTI's vision is to provide value to its parent company and expand its role as a leading trade gateway between North American and world markets," said George Dorsey, president of Ridley Terminals.
“This agreement is a very important contract for the terminal. Arch Coal's guaranteed U.S. coal volumes will support our goal of doubling our capacity by 2015."
The contract comes just after Ridley Terminals shattered the previous record by shipping almost 8.3 million tonnes in 2010, almost doubling the throughput of 2009
2010 population statistics paint picture of growth for Prince Rupert
Reprinted with permission from Muskegnews.com
Over the last few years, as Prince Rupert got kicked around by the economy, the city’s population estimates were frequently revised downwards by word on the street. The official total from the Canadian census is 12,815, but that’s a number from 2006, back when the town was going through a mini-boom. The more pessimistic folks downgraded that total by almost 30 per cent, and argued the town’s population had whittled down to 9,000.
But on January 14, the provincial statistics agency released its official estimate to communities across B.C. In that report, B.C. Stats estimates Rupert’s population in 2010 was 12,994, up one per cent from its 2009 estimate of 12,863.
“It’s good to hear they’re projecting a slight bit of growth,” said Mayor Jack Mussallem.
According to the B.C. Stats report, titled 2010 Sub-Provincial Population Estimates, the numbers are generatd using the “Generalized Estimation System.” And, since it’s an estimate, it may not be completely accurate. For instance, B.C. Stats estimated Rupert’s population to be 13,072; Statistics Canada, through the census, said it was 12,815. Still, that 2006 number is only off by 257 people.
Across the province, the Okanagan Valley saw big drops in its population — Summerland’s dropped by 2.2 per cent, Oliver went down five per cent, and Penticton dropped 0.6 per cent. The biggest population gain happened in Langford, on Vancouver Island, which saw a 6.6 per cent increase. For the most part, though, most of the gains were seen in and around Vancouver: Surrey (3.4 per cent), North Vancouver (3.6 per cent) and New Westminster (2.8 per cent) were among the top ten growth municipalities.
Mussallem credited the growth in shipping and port traffic as reasons for Rupert’s one per cent increase. While the City will not see any practical benefits to the higher number, he said the growth in population may bring more funding from provincial and federal ministries.
With all that, we won’t know the official population until the census is released. The count will happen this May, and the population numbers for communities across Canada will be released in February 2012.
~Written by Chris Armstrong
--------------------------------------------------------------------------------
Population estimates of selected communities in B.C.
Name 2009 estimate 2010 estimate Increase/decrease ( %)
Prince Rupert 12,863 12,994 +1.0
Terrace 11,690 11,931 +2.1
Kitimat 9,238 9,178 -0.6
Masset 930 920 -1.1
Smithers 5,328 5,408 +1.5
Williams Lake 11,104 11,002 -0.9
Dawson Creek 11,529 11,860 +2.9
Fort St. John 19,482 19,873
Over the last few years, as Prince Rupert got kicked around by the economy, the city’s population estimates were frequently revised downwards by word on the street. The official total from the Canadian census is 12,815, but that’s a number from 2006, back when the town was going through a mini-boom. The more pessimistic folks downgraded that total by almost 30 per cent, and argued the town’s population had whittled down to 9,000.
But on January 14, the provincial statistics agency released its official estimate to communities across B.C. In that report, B.C. Stats estimates Rupert’s population in 2010 was 12,994, up one per cent from its 2009 estimate of 12,863.
“It’s good to hear they’re projecting a slight bit of growth,” said Mayor Jack Mussallem.
According to the B.C. Stats report, titled 2010 Sub-Provincial Population Estimates, the numbers are generatd using the “Generalized Estimation System.” And, since it’s an estimate, it may not be completely accurate. For instance, B.C. Stats estimated Rupert’s population to be 13,072; Statistics Canada, through the census, said it was 12,815. Still, that 2006 number is only off by 257 people.
Across the province, the Okanagan Valley saw big drops in its population — Summerland’s dropped by 2.2 per cent, Oliver went down five per cent, and Penticton dropped 0.6 per cent. The biggest population gain happened in Langford, on Vancouver Island, which saw a 6.6 per cent increase. For the most part, though, most of the gains were seen in and around Vancouver: Surrey (3.4 per cent), North Vancouver (3.6 per cent) and New Westminster (2.8 per cent) were among the top ten growth municipalities.
Mussallem credited the growth in shipping and port traffic as reasons for Rupert’s one per cent increase. While the City will not see any practical benefits to the higher number, he said the growth in population may bring more funding from provincial and federal ministries.
With all that, we won’t know the official population until the census is released. The count will happen this May, and the population numbers for communities across Canada will be released in February 2012.
~Written by Chris Armstrong
--------------------------------------------------------------------------------
Population estimates of selected communities in B.C.
Name 2009 estimate 2010 estimate Increase/decrease ( %)
Prince Rupert 12,863 12,994 +1.0
Terrace 11,690 11,931 +2.1
Kitimat 9,238 9,178 -0.6
Masset 930 920 -1.1
Smithers 5,328 5,408 +1.5
Williams Lake 11,104 11,002 -0.9
Dawson Creek 11,529 11,860 +2.9
Fort St. John 19,482 19,873
Monday, January 17, 2011
Mortgage lending rules tightened by Federal Government
The Federal Government today announced three changes to existing rules governing lending criteria for residential real estate;
1. The maximum amortization period is reduced from 35 years to 30 years.
2. The maximum amount of the value of a home that can be re-financed will drop from 90% to 85%.
3. Government insurance will no longer be available to financial institutions wishing to insure home equity lines of credit.
All of these changes are designed to ensure that borrowers do not borrow more than they can repay.
A link to the government announcement is here - http://www.fin.gc.ca/n11/11-003-eng.asp
1. The maximum amortization period is reduced from 35 years to 30 years.
2. The maximum amount of the value of a home that can be re-financed will drop from 90% to 85%.
3. Government insurance will no longer be available to financial institutions wishing to insure home equity lines of credit.
All of these changes are designed to ensure that borrowers do not borrow more than they can repay.
A link to the government announcement is here - http://www.fin.gc.ca/n11/11-003-eng.asp
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