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Summerside to benefit from a new solar farm

Summerside, Prince Edward Island — A thriving economy needs strategic investments in green infrastructure to improve the lives of citizens while limiting impacts on the local environment. Investing in innovative green infrastructure also helps create jobs and improve the quality of life of Canadians.
 
Today, the Honourable Catherine McKenna, Minister of Infrastructure and Communities; Robert Morrissey, Member of Parliament for Egmont; the Honourable Steven Myers, Minister of Transportation, Infrastructure and Energy; and His Worship Basil Stewart, Mayor of the City of Summerside, announced funding to build a solar energy farm and storage facility in Summerside.
 
The project involves the construction of a new 21-megawatt solar farm and a battery storage facility. This renewable energy source will improve the energy efficiency of the City of Summerside. The project will allow the City to meet 62 percent of its electricity needs through renewable energy and reduce carbon dioxide emissions by 21,000 tonnes per year.
 
The Government of Canada is investing more than $26.3 million in this project through the Green Infrastructure Stream of the Investing in Canada infrastructure plan. The Government of Prince Edward Island is contributing over $21.9 million, with the City of Summerside providing the balance of the funding.
Source : Government of Canada

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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!