Category Archives: Breaking News

New Brunswick fuel prices increase again

As of January 23, 2025, industry sources anticipate that fuel prices in New Brunswick will increase again. Regular gasoline is expected to rise by approximately two cents per litre, marking the fifth increase in six weeks. Diesel prices are projected to jump by around four cents per litre.

Currently, New Brunswickers are paying a maximum of $1.67 per litre for regular self-serve gasoline and $1.94 per litre for diesel.

The New Brunswick Energy and Utilities Board adjusts fuel prices every Friday at 12:01 a.m.

These consecutive increases are influenced by various factors, including global oil prices, supply and demand dynamics, and regional taxation policies.

TikTok has shut down

TikTok Restores Services in U.S. After Trump Says He Will Issue Executive Order Delaying Ban

As of January 19, 2025, TikTok has shut down its services in the United States. This action follows the enforcement of a federal law requiring the app’s Chinese parent company, ByteDance, to divest its U.S. assets by January 19, 2025, or face a nationwide ban.

In compliance with this mandate, TikTok displayed a message to U.S. users stating:

“We regret that a U.S. law banning TikTok will take effect on January 19 and force us to make our services temporarily unavailable.”

While there were discussions about potential extensions or reprieves, including considerations by President-elect Donald Trump to grant a 90-day extension, no official action was taken before the deadline.

As a result, TikTok is currently inaccessible to users in the United States.

Irving Oil announces company won’t be sold

Irving Oil announces company won’t be sold

Company announced new CEO and decision to remain a private company

This announcement is significant, given that Irving Oil’s potential sale was a major topic of speculation in 2023. By choosing to remain privately held, the company is reinforcing its long-standing approach to maintaining family ownership and control.

Their decision likely reflects confidence in their business model, as well as a commitment to preserving the close ties to their employees, customers, and communities that family ownership often fosters. It’s also possible that the decision signals favorable financial conditions or long-term strategies that make a sale unnecessary.

Irving Oil has recently undertaken several significant initiatives:

  • Annual Fall Turnaround Investment: In September 2024, the company commenced its annual fall turnaround project at the Saint John refinery, investing $80 million to enhance safety and reliability. This project brought an additional 1,200 skilled workers to the facility.
     
  • Leadership Changes: In February 2024, President Ian Whitcomb stepped down amid a strategic review considering options for the company’s future, including a potential sale.
     
  • Passing of Arthur L. Irving: In May 2024, Arthur L. Irving, the company’s Chairman Emeritus, passed away at age 93. His leadership significantly influenced the company’s direction and operations.
     
  • Sustainable Energy Initiatives: In November 2023, Irving Oil launched a sustainable energy product for Irish customers, reflecting its commitment to environmental responsibility.
     
  • Renewable Natural Gas Agreement: Also in November 2023, the company announced plans to receive carbon-negative renewable natural gas from Alberta-based energy producer GrowTEC, furthering its sustainability efforts.
     
  • Recognition as a Top Employer: In November 2024, Irving Oil was named one of Canada’s Top 100 Employers for the ninth consecutive year, highlighting its commitment to employee satisfaction and workplace excellence.

These developments underscore Irving Oil’s ongoing commitment to operational excellence, sustainability, and community engagement.

 

New postage rates

As of today, January 13, 2025, Canada Post has implemented new postage rates across various mail categories. This adjustment is intended to align stamp prices with the rising costs of providing letter mail services.

Domestic Lettermail Rates:

  • Standard Letters (up to 30g):
    • Single Stamp: Increased from $1.15 to $1.44.
    • Booklets, Coils, or Panes: Increased from $0.99 to $1.24 per stamp.
    • Meter Rate: Increased to $1.23.
  • Standard Letters (over 30g up to 50g):
    • All Purchase Methods: Increased to $1.75.
  • Non-Standard and Oversize Letters:
    • Up to 100g: Increased to $2.61.
    • Over 100g up to 200g: Increased to $4.29.
    • Over 200g up to 300g: Increased to $5.98.
    • Over 300g up to 400g: Increased to $6.85.
    • Over 400g up to 500g: Increased to $7.36.

International Letter-post Rates:

  • To the United States:
    • Standard Letters (up to 30g): Increased from $1.40 to $1.75.
    • Over 30g up to 50g: Increased to $2.61.
  • To Other International Destinations:
    • Standard Letters (up to 30g): Increased from $2.92 to $3.65.
    • Over 30g up to 50g: Increased to $5.21.

These rate changes also affect services such as Registered Mail, which has increased from $10.50 to $13.15.

Canada Post has stated that these adjustments are necessary to offset the rising costs of maintaining postal services across the country. Despite these increases, stamp prices in Canada remain among the lowest internationally.

Customers can continue to use their Permanent™ stamps, which will always be accepted at the current domestic postage price.

For more detailed information on the new rates, please refer to the official Canada Post announcement.