Ottawa says it can provide $12M loan to keep northern Ontario paper mill open

Global NewsFriday, October 17, 2025 at 6:20:13 PM
Ottawa says it can provide $12M loan to keep northern Ontario paper mill open
The federal government has stepped in to offer a $12 million loan to support the Kapuskasing paper mill in northern Ontario. This financial assistance is crucial as it allows the mill to remain operational while the company works on a long-term strategy for sustainability. This move not only helps preserve jobs in the region but also demonstrates the government's commitment to supporting local industries during challenging times.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Supreme court announces funding will run out this weekend – as it happened
NegativeWorld Affairs
The US Senate's failure to pass a funding bill has resulted in a prolonged government shutdown, affecting military funding and essential services. This ongoing standoff highlights the deep political divisions and the challenges in reaching a consensus, which could have significant implications for national security and public services.
B.C. First Nation on Vancouver Island gets back 80 hectares of land from Ottawa
PositiveWorld Affairs
A significant milestone has been achieved as a B.C. First Nation has successfully regained 80 hectares of land in Nanaimo along with $42 million in compensation from the federal government. This treaty claim settlement not only restores land rights but also represents a step forward in reconciliation efforts, highlighting the importance of addressing historical injustices faced by Indigenous communities.
US Senate vote to end government shutdown fails for 10th time
NegativeWorld Affairs
The US Senate's failure to pass a vote to end the government shutdown marks the tenth unsuccessful attempt, prolonging the standoff and delaying crucial military funding. This situation not only affects government operations but also raises concerns about national security and the military's readiness, highlighting the ongoing political gridlock that could have serious implications for the country.
N.B. seafood company takes feds to court after $1M fine over foreign worker treatment
NegativeWorld Affairs
A seafood processing company in New Brunswick is challenging the federal government in court after receiving a hefty $1 million fine and a 10-year ban from the temporary foreign worker program. This legal battle highlights the ongoing tensions between businesses and government regulations regarding labor practices, particularly in industries reliant on foreign workers. The outcome could have significant implications for the seafood industry and its workforce.
Carney says ‘time to talk’ with U.S. as Ford calls for tariff retaliation
NeutralWorld Affairs
Mark Carney recently emphasized the importance of dialogue with the U.S. during a meeting in Toronto with Ontario Premier Doug Ford. Ford has urged the federal government to respond to U.S. tariffs, highlighting the ongoing trade tensions. This situation is significant as it reflects the complexities of international trade relations and the potential impact on local economies.
Alberta students, doctors want federal ban on flavoured e-cigarettes, nicotine pouches
PositiveWorld Affairs
Alberta students and doctors are rallying for a federal ban on flavoured e-cigarettes and nicotine pouches, urging the government to fulfill a previous commitment. This initiative is significant as it aims to protect youth from the appealing flavors that can lead to increased vaping and nicotine addiction, highlighting the ongoing public health concerns surrounding these products.
Latest from World Affairs
Bombers win ugly to keep playoff hopes alive
PositiveWorld Affairs
The Winnipeg Blue Bombers secured a narrow 17-16 victory over the Saskatchewan Roughriders, keeping their playoff hopes alive. Quarterback Zach Collaros emphasized the need for improvement in the team's offense, highlighting the importance of this win as they strive for postseason success. This victory not only boosts team morale but also keeps fans hopeful as the playoffs approach.
Trump says he has commuted sentence of George Santos in federal fraud case
PositiveWorld Affairs
In a surprising turn of events, Donald Trump has announced that he has commuted the sentence of George Santos, the former New York representative who was sentenced to over seven years in prison for fraud and identity theft. This decision comes after Santos's controversial political career, which was marred by deception. The commutation raises questions about accountability and the implications for future political figures, as it highlights the ongoing debates around justice and redemption in the political arena.
South Koreans freed from Cambodian scam centres return home under arrest
NegativeWorld Affairs
South Koreans who were caught in scam centers in Cambodia have returned home but are now facing arrest. This situation highlights the increasing concerns over the rampant scam industry in Cambodia, prompting South Korea to impose travel bans on certain areas. It matters because it reflects the dangers of international scams and the need for better protection for citizens abroad.
US jury finds French bank BNP Paribas complicit in Sudan atrocities
NegativeWorld Affairs
A jury in New York has found BNP Paribas, a major French bank, complicit in atrocities in Sudan, a ruling the bank claims is 'clearly wrong' and plans to appeal. This decision highlights the ongoing scrutiny of financial institutions and their roles in international human rights issues, raising questions about accountability and ethical practices in banking.
Can the catastrophe in Gaza be reversed?
NegativeWorld Affairs
The situation in Gaza has reached a critical point after two years of devastating war, leaving the region in dire need of humanitarian aid. The United Nations has a mere 60 days to address the catastrophic conditions and prevent further collapse, but funding remains scarce. This matter is crucial as it highlights the urgent need for international support and intervention to restore stability and provide relief to the suffering population.
The Papers: 'Andrew gives up titles' and 'Banned old Duke of York'
NeutralWorld Affairs
Prince Andrew's decision to relinquish his titles, including the Duke of York, is making headlines this Saturday. This move marks a significant shift in his public persona and reflects ongoing discussions about royal responsibilities and accountability. It matters because it highlights the evolving nature of the monarchy and the impact of public perception on royal titles.