A newly formed company under the name Pelican Intl Inc. has acquired all assets of Pelican International and Confluence Outdoor.

The transaction was completed through a court-approved Sales and Investment Solicitation Process (SISP), in accordance with the Companies’ Creditors Arrangement Act (CCAA) in Canada and Chapter 15 in the United States, according to a press release issued by the new owner on May 12.

It will be recalled that the world leader in the design and manufacture of kayaks, canoes, pedal boats, paddleboards, and fishing boats had filed for protection under the Bankruptcy and Insolvency Act last winter. At the time, the manufacturer owed its creditors more than $140 million, with 90% of that debt held by the National Bank of Canada.

“Today [Monday, May 12] marks a decisive turning point for the paddlesports industry, ensuring the sustainability and innovation of a portfolio of globally recognized brands. The heart of the company remains strong, with over 400 passionate and dedicated employees who will lead the way into the future,” the company stated.

In an email exchange, Rime EL Rhoul, Lead Counsel for Legal and Corporate Affairs, specified that Pelican had “retained the vast majority of jobs during the process” and that “the overwhelming majority of employees were rehired by the new entity.”

Private Investors

A group of private investors based in Quebec partnered with members of Pelican’s former management team, including former President and CEO Danick Lavoie, to revive the company. The investors include Vincent Chiara, President and Founder of Mach Capital; Marc Varadi, President of RIMAP Hospitality; Luc Sabbatini, Founder of Ganesh Capital; and Charles Malo, director and investor.

“This acquisition reflects the enduring strength of our brands, the resilience of our employees, and the loyalty of our retailers,” said Danick Lavoie, who is returning to lead the company, headquartered in the A-25 Industrial Park in Laval.

Lavoie expressed his gratitude for “this unique opportunity to work once again with [his] former colleagues and [his] new partners to ensure the long-term viability of this Quebec flagship company,” determined to “create sustained growth, continue transforming the industry, and capitalize on the company’s manufacturing expertise and capacity.”

To that end, the new company is committed to “actively pursuing acquisitions and strategic partnerships to strengthen its portfolio, ensuring it remains the global leader in paddlesports.”

As for the subsidiary Confluence Outdoor Inc., it will now operate under the name Pelican Intl USA Inc., unifying North American operations.

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L’article A New Beginning for Pelican est apparu en premier sur Courrier Laval news.

Located along Highway 13, the Mega-Centre Notre-Dame will lose a significant portion of its current 2.5 million square feet of commercial space.

Quebec-based company Rosefellow, which specializes in industrial real estate development, has acquired the northern section of the commercial mega-centre, situated north of Notre-Dame Boulevard.

Until the expiration of existing leases on December 31, the 38 businesses currently operating there will remain open, according to the new owner, speaking to Courrier Laval.

“We will begin demolition in January 2026,” said Mike Jager, Co-President and CEO of Rosefellow, adding that some businesses will be relocated to the southern part of the Mega-Centre Notre-Dame.

The first buildings to be torn down will be those set back from the highway service road. Demolition of the buildings visible from the expressway is scheduled to begin in March 2026.

This massive project, covering an area equivalent to more than a dozen soccer fields, will be transformed into an industrial development expected to be completed by spring 2027.

Prime Location

This acquisition aligns with Rosefellow’s strategy to prioritize land redevelopment focused on proximity, accessibility, and high value-added potential, the company stated in a press release issued April 30.

In addition to its highway visibility and direct access to Montreal within minutes, the site is adjacent to a large commercial complex offering a full range of services including restaurants, a gym, a grocery store, and a pharmacy—an attractive bonus for an industrial hub and its future workforce, noted Jager.

$200M

The real estate development and management firm Rosefellow is investing a hefty sum of $200 million in this development project, including $75 million for the purchase of the land, which previously belonged to Harden and RioCan.

While the current tariff-related economic uncertainty has forced many businesspeople to postpone their expansion plans, it has done nothing to dampen the enthusiasm of Mike Jager and his partner Sam Tsoumas.

“The demand is there,” says Mr. Jager about new-generation industrial buildings, adding that it will be even more pressing in spring 2027 when the warehouses are delivered. He is confident the crisis will have subsided by then. Incidentally, Rosefellow has never waited to find a tenant before launching its projects.

The businessman points out that during both the COVID era and the period of soaring interest rates in 2022 and 2023, he and his partner never stopped acquiring land or building.

“Automation of operations requires high-quality industrial buildings with 40-foot ceilings or more,” he says, noting that the availability rate for this type of construction is around 0.2%, compared to 5.5% for industrial buildings overall.

This future complex, consisting of three net-zero carbon and LEED-certified buildings, will be able to accommodate both a manufacturing plant and distribution centers, with the possibility of integrating a head office, says Mike Jager.

Presence in Laval

Since its founding in 2019, the company has acquired more than 31 million square feet of land through 22 industrial projects, totaling over $3 billion in new real estate developments.

In Laval, this is the third project, the most visible being a vast 400,000-square-foot warehouse equipped with 47 loading docks, located at the intersection of Highways 440 and 19 on the former driving range of the Val-des-Arbres Golf Center.

“Laval is an exceptional and ever-growing market,” says an enthusiastic Sam Tsoumas, who is “excited to contribute positively to the region’s economic vitality.”
This new investment brings Rosefellow’s total investment in Laval to $400 million.

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L’article Mega-Centre Notre-Dame to Be Partially Demolished in $75M Redevelopment est apparu en premier sur Courrier Laval news.

As of May 1, the minimum wage in Quebec is seeing another increase, rising from $15.75 to $16.10 per hour.

The Canadian Federation of Independent Business (CFIB) is among the many organizations that have responded to this 2.2% increase, which will represent an additional annual cost of $838 per employee earning minimum wage for businesses, including $110 in payroll taxes.

For the group, “this remains an added expense contributing to the pressure on costs due to the trade war with the United States,” as stated in a press release.

However, the CFIB is pleased that the government rejected the proposal to raise the minimum wage to $20 per hour, which, according to a recent study, would have cost Quebec $10 billion and “risked putting many businesses in jeopardy.”

Nearly 60% of people affected by the minimum wage are under the age of 25, and a similar proportion works part-time.

Not Enough

For its part, the Collectif pour un Québec sans pauvreté (Collective for a Poverty-Free Quebec) denounces what it calls a “paltry increase” of $0.35 to the hourly minimum wage.

It notes that this is an increase below the 2024 inflation rate of 2.4% and the smallest minimum wage hike recorded in the past 10 years.

“This is clearly insufficient,” said Serge Petitclerc, spokesperson for the Collective, in a statement. “This decision condemns workers to live in poverty, despite having full-time jobs.”

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L’article Minimum Wage Rises to $16.10 in Quebec est apparu en premier sur Courrier Laval news.

On March 12, the Bank of Canada announced that it was lowering the target for the overnight rate to 2.75%.
This represents a 0.25% decrease from the previous rate of 3%.
The official discount rate stands at 3%, while the deposit rate is at 2.70%.

The Bank notes that the Canadian economy started 2025 in a strong position, with inflation close to the 2% target and robust GDP growth.
However, increased trade tensions and tariffs imposed by the United States are expected to slow economic activity and drive inflationary pressures higher in Canada.

Global Situation

In the United States, the economy appears to have slowed in recent months after a period of strong expansion, and inflation remains slightly above target.
In the Eurozone, economic growth was modest at the end of 2024.
In China, the economy has grown significantly, supported by government actions. Stock markets have declined, and bond yields have dropped as markets have lowered their expectations for North American growth.

Oil prices have been volatile and are below the levels projected in the January Monetary Policy Report. The value of the Canadian dollar remains largely unchanged against the U.S. dollar but has depreciated relative to other currencies.

In Canada

Here, the economy grew by 2.6% in the fourth quarter of 2024, following an upwardly revised growth rate of 2.2% in the third quarter. This growth trajectory is higher than projected in the January report.

Previous interest rate cuts have stimulated economic activity, particularly in consumer spending and the housing market. However, growth in the first quarter of 2025 is expected to slow as escalating trade conflicts weigh on confidence and activity.

Recent survey results indicate a sharp decline in consumer confidence, with businesses cutting back on spending by postponing or canceling investment projects. The negative impact of weakening domestic demand has been partially offset by a strong increase in exports in anticipation of new tariffs taking effect.

Employment growth strengthened from November through January, with the unemployment rate falling to 6.6%. In February, job growth stagnated.

Although past interest rate cuts have boosted labor demand in recent months, warning signs suggest that rising trade tensions could hinder the labor market’s recovery. At the same time, wage growth has shown signs of moderation.

Inflation remains close to the 2% target. Although the temporary suspension of the GST and HST lowered some consumer prices, CPI inflation was slightly higher than expected in January, reaching 1.9%. It is expected to rise to around 2.5% in March due to the end of the GST and HST holiday.

The Bank’s preferred core inflation measures remain above 2%, mainly due to persistently rising housing costs. Short-term inflation expectations have increased due to concerns about the impact of tariffs on prices.

The next scheduled date for setting the target for the overnight rate is April 16. (N.P.)

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L’article The Bank of Canada’s Key Interest Rate Drops to 2.75% est apparu en premier sur Courrier Laval news.

The Boyer administration is pulling out the heavy artillery to support local exporting businesses in response to the American tariff threat.

On February 12, the city announced a $4.5M aid plan over three years.

“To reduce Laval’s economic dependence on the fluctuations of the U.S. market, the City must help its businesses diversify their commercial partners,” stated Mayor Stéphane Boyer in a press release.

Thousands of Jobs at Stake

At the last municipal assembly, the mayor mentioned the potential loss of “thousands of local jobs” if the U.S. president follows through on his threats.

This assessment comes from his recent discussions with major players in the agri-food, aerospace, and plastics industries.

According to the latest available data, goods manufactured in Laval and exported to the U.S. in 2021 totaled over $1 billion, representing nearly 60% of all Laval exports that year.

“As unity is strength, we are joining forces with the Great Lakes and St. Lawrence Cities Initiative, a coalition of 244 Canadian and American cities, to foster a coordinated response from mayors across the country,” said Stéphane Boyer. “Laval will adapt its strategy by prioritizing local, provincial, and national supply chains, thereby diversifying suppliers to reduce our vulnerability to potential tariffs.”

Economic Watchdog Committee

In response to this trade war triggered by U.S. President Donald Trump, Laval is mobilizing its teams, regional economic development partners, and key exporting companies by setting up a watchdog committee.

Its mission? “To encourage collaboration and synergy among Laval’s economic ecosystem players to maximize the impact of various initiatives aimed at mitigating the potential repercussions of tariff impositions on the economy.”

Among the sectors particularly vulnerable to tariff constraints:

• Manufacturing, with around 200 companies providing over 2,000 jobs.
• Wholesale trade, comprising nearly 1,450 businesses and 12,000 jobs.
• Agri-food, including meat processing companies and alcoholic beverage producers.

Enhanced Support Services

Laval Économique, the city’s economic development service and a member of the Regional Export Promotion Organizations (ORPEX) network, is expanding its support services.

The enhanced service offering includes:

• Info-Tariff Service: Providing businesses with customs and logistics information and advice.
• Export Acceleration Support via Digital Solutions, including:
  • Customized guidance to develop strategies in response to tariff impositions affecting e-commerce.
  • Assistance in selecting online sales platforms outside the U.S.
• Business Diversification and Assessment Service: Helping businesses evaluate opportunities beyond the U.S. market based on their readiness level.
• Competitive Support Service: Enhancing business competitiveness through strategic sourcing.

To meet the demand, two new team members have been hired to support Laval businesses in developing export markets.

Finally, the City will launch grant programs to encourage local businesses to improve their e-commerce skills and invest in productivity to remain competitive.

“By combining agility, innovation, and collaboration, Laval can not only overcome the challenges posed by tariffs but also position itself as a more independent and competitive economic player in the long run,” said Lidia Divry, Director of Laval Économique.

The city-region has approximately 600 businesses active in foreign markets, exporting $2.2 billion in goods in 2023.

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L’article Trump’s Tariff Threat: Laval Announces a $4.5M Aid Plan est apparu en premier sur Courrier Laval news.

In addition to a two-month tax holiday on the Goods and Services Tax/Harmonized Sales Tax (GST/HST), the Government of Canada will issue a $250 check in spring 2025.

The announced bill would introduce the new, tax-free Canadian Workers’ Refund. This amount will be provided to 18.7 million individuals.

To be eligible, you must have worked in 2023 and earned a net individual income below $150,000. You must also meet the following requirements:

• Have filed your 2023 tax return no later than December 31, 2024, and:
  • either claimed the tax credit for contributions to the Canada Pension Plan or Quebec Pension Plan on employment or self-employment income;
  • or claimed the tax credit for contributions to Employment Insurance or the Quebec Parental Insurance Plan (QPIP) on employment or self-employment income;
  • or declared income received from Employment Insurance or QPIP benefits.
• Be a resident of Canada as of March 31, 2025.
• Not be serving a prison sentence of at least 90 days immediately prior to April 1, 2025.
• Not be deceased as of April 1, 2025.

The Canada Revenue Agency is already implementing measures to automatically issue the $250 Canadian Workers’ Refund in early spring 2025. This amount will be paid by direct deposit or check to individuals who meet the above criteria.

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L’article You Could Receive a $250 Check in Spring 2025 est apparu en premier sur Courrier Laval news.

In clear terms, the land value of this category of properties has increased by nearly $200,000 over the past three years, rising from $441,000 to $622,300.

This information comes from the 2025-2026-2027 property roll submitted on September 24 by the City of Laval’s Property Assessment Service.

This update of the property inventory reflects the market evolution for the period between July 1, 2020, and July 1, 2023, which is the reference date for the new roll.

Other Categories of Properties

Overall, the value of the real estate portfolio has appreciated by 35.4% compared to the previous roll.

Across all housing units, the residential sector shows an average increase of 37%.

As for the rise in land values for non-residential properties and vacant lots, it stands at 30% and 32.4%, respectively.

To find out the new taxable value of their property, Laval property owners can simply click on this link.

The assessment notice will be provided to them at the same time as their property tax bill, no later than March 1, 2025.

Impact on the Tax Bill

In a press release, the City of Laval informs that it will “minimize the impact of these increases in land values on taxpayers’ fiscal charges.”

How? By reducing the tax rates for different property categories while spreading these significant value changes over three years.

Over $100 Billion in Value

Now, the property wealth of the City of Laval exceeds the threshold of $100 billion. In fact, the 153,586 assessed units recorded in the territory total a value of $108 billion.

The residential market alone represents 78% of the total value of Laval’s real estate portfolio.

Finally, since the submission of the 2022-2023-2024 roll, the number of housing units has increased by 4.2%, totaling now 188,718 homes.

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L’article Average Value of Single-Family Homes Soars by 41% est apparu en premier sur Courrier Laval news.

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L’article Laval Doubles Its Construction Starts est apparu en premier sur Courrier Laval news.

In collaboration with Promutuel Insurance

According to the Government of Québec, in 2021, energy spending by individuals across the province totalled over $15 billion. And 55% of that was spent on fuel for personal vehicles. Sound like a lot? It’s actually 14% less than average spending on gasoline and other fuels in 2019.

Even so, motorists are spending more than ever to use their vehicles. And rising fuel prices are taking a real toll on their wallets! Statistics Canada figures for 2022 show that consumers paid 28.5% more for gasoline on an average annual basis—a significant dent in the budget for many households.

With figures like that, if you own a car and need to drive it every day, you’re probably looking for effective ways to save on gas. You’re on the right track! Read on for 15 helpful tips to help you cut your fuel expenses and preserve your peace of mind behind the wheel.

1. Maintain your vehicle

In addition to keeping you safe at the wheel and extending the life of your car, regular maintenance is a simple and efficient way to lower your fuel costs. So be sure to check oil levels frequently and follow your manufacturer’s recommended vehicle maintenance schedule.

2. Keep tires properly inflated

Did you know that underinflated tires can increase your car’s fuel consumption by 4%? That’s because underinflated tires have higher rolling resistance, so your engine has to work harder (and use more fuel) to compensate. Be sure to check your tire pressure regularly and keep your tires within the manufacturer-recommended range.

3. Drive light

The heavier your vehicle, the more fuel it will use. An extra 25 kg will increase your car’s fuel consumption by 1%. That’s why it’s a good idea to clear your passenger compartment of any unnecessary items and remove bike racks and other accessories that make your vehicle heavier and less aerodynamic.

4. Avoid idling

Did you know that 10 seconds of idling burns more fuel than starting your car? If you’re stopping for more than a minute, turn off your engine. This eco-driving technique will also help you reduce your environmental footprint.

5. Use AC sparingly

According to Natural Resources Canada, running your air conditioning while driving can increase fuel consumption by 20%. To reduce your gas bill, open the windows a bit when you’re in town or driving at low speeds.

6. Tighten your gas cap

Many motorists drive with a faulty or improperly closed gas cap, which allows fuel to evaporate. Remember to close the gas cap tightly after every fill-up. Inspect your gas cap regularly and replace it as needed.

7. Choose the right fuel

If your vehicle doesn’t require plus, super, or supreme fuel, it’s most likely an unnecessary expense. Check the manufacturer’s manual to see what type of fuel works best for your car.

8. Fill up strategically

Gas prices tend to go up on weekends. Try to gas up on weekdays and shop around for the gas station with the best prices.

9. Be a trip-planning pro

To avoid detours, multiple stops, and unnecessary back-and-forths, plan out your trips to drive the shortest distance possible. And whenever possible, avoid rush-hour driving.

10.Use a block heater

Over short distances of less than 20 km, a block heater can reduce your car’s fuel consumption by 15%. Plus, it’ll help get things nice and toasty inside that much faster!  

11. Sign up for loyalty programs

Loyalty programs can save you money on gas by offering discounts. Shop around for the gas station with the best loyalty program for your needs.

12. Drive less

There’s no better way to save on gas than cutting back on how much you drive. Opt for public transit, cycling, or carpooling whenever possible. Not only will it save you money, it’ll give you more time to relax while you’re en route.

13. Do your homework when buying a vehicle

Fuel efficiency can vary significantly from one model to the next. So, shopping around for the right vehicle is a great way to save at the pump. To find the most fuel-efficient vehicle, use Natural Resources Canada’s Fuel Consumption Ratings Search Tool. And if you really want to save on gas, a hybrid or electric vehicle is definitely the way to go.

14. When in doubt, call a mechanic

Does it seem like your car is burning through more gas than usual? It could be due to a mechanical failure or a leak in the fuel tank. When in doubt, ask your trusted mechanic to inspect your car.

15. Adopt fuel-efficient driving techniques

According to Natural Resources Canada, adopting fuel-efficient driving can reduce your vehicle’s fuel consumption and carbon dioxide emissions by 25%. Here are five ways you can adapt your driving to save on gas and reduce your carbon footprint:

• Accelerate gently: Press down on the accelerator pedal slowly and gently. Give yourself 5 seconds to go from 0 to 20 km/h.
• Maintain a steady speed: Use cruise control for highway driving, when conditions permit.
• Anticipate traffic: Keep your eyes on the road to anticipate traffic and act accordingly to keep your speed as steady as possible.
• Avoid high speeds: At 120 km/h, your vehicle uses 20% more fuel than at 100 km/h. Follow the speed limit to save fuel—and avoid fines and accidents.
• Coast to decelerate: Every time you use your brakes, you lose forward momentum. Instead, simply take your foot off the gas (or downshift on a manual transmission) to slow down.
  

Save on gas… and your car insurance!

Adopting good driving habits will help you not only reduce your fuel consumption, but also limit all the costs associated with driving your vehicle, including your car insurance. Because careful drivers are less likely to get into an accident. That’s why Promutuel Insurance rewards good drivers with discounts on their car insurance premium if they have no claims. Find out more when it’s time to renew.

On that note, happy driving and happy savings!

L’article 15 tips to save on gas est apparu en premier sur Courrier Laval news.

Here are some tips every owner needs to keep in mind:

Culture counts. While company culture may sound like a buzzword used by a fad-obsessed tech giant, don’t be so quick to brush it off. Culture is a major contributor to job satisfaction, which in turn leads to increased productivity and profit. Make sure your business encourages teamwork, rewards effort and has a mission your employees can believe in.

Learn the rules. There are many laws and guidelines for companies to follow that cover everything from filing taxes to sending emails. These rules can change, especially those that cover technology, so take steps to keep your business up to date and compliant. Don’t be afraid to hire a bookkeeper, lawyer or human resources consultant to help, as penalties can be hefty.

Lead by example. It can be hard to take the boss seriously when they have a “do as I say, not as I do” mindset. Practise the dedication and hard work you want your employees to put in, and don’t be afraid to get your hands dirty. Clean your restaurant’s tables and jump in to cover a last-minute shift on a Saturday night.

Have a backup plan. Sometimes things don’t go as planned, and that’s okay. Knowing what you’ll do if Plan A fails is just as important as having a plan in the first place. For example, research what resources are available should you need a new loan or line of credit. One of your options could be the recently improved and expanded Canada Small Business Financing Program. You can now use the program to fund eligible practical costs like rent, payroll, franchise fees, permits, printed materials, cloud storage and more.

(Source : News Canada)

L’article What any small business owner needs to know est apparu en premier sur Courrier Laval news.