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Statistics Canada Begins Major Workforce Overhaul, Cutting 850 Positions

    Statistics Canada says it will be cutting around 850 of its staff along with 12 per cent of its executive team. Statistics Canada is moving ahead with a major restructuring that will see roughly 850 jobs eliminated , including a portion of its executive ranks. The agency confirmed that it has entered a formal workforce adjustment period, with affected employees set to receive notices over the next two weeks. The cuts are part of a broader federal initiative to reduce public service spending. With more than 7,200 employees as of early 2025, Statistics Canada is among several departments facing significant downsizing as the government seeks long‑term budget efficiencies. Union representatives have raised concerns about the impact on the agency’s ability to maintain the quality and timeliness of national data. Management, however, has emphasized that voluntary departures and early retirement incentives will be used where possible to ease the transition. The announcement m...
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Sunoco Acquires Parkland in $9 Billion Deal, Reshaping Fuel Distribution in the Americas

In a major move within the fuel supply industry, Sunoco LP has announced its acquisition of Canada-based Parkland Corp. in a deal valued at approximately $9.1 billion, including debt. This transaction positions the combined entity as the largest independent fuel distributor in the Americas.

The acquisition follows Parkland’s strategic review, initiated in March, after pressure from its largest shareholder, Simpson Oil, which holds nearly 20% of Parkland’s shares. As part of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units per share. The deal is expected to close in the second half of the year and is projected to generate over $250 million in synergies by the third year.

Sunoco has committed to maintaining Parkland’s Burnaby Refinery, which produces low-carbon fuels, ensuring long-term fuel supply to Canada’s Lower Mainland region. Additionally, Sunoco will establish SUNCorp LLC, a new publicly traded entity that will hold limited partnership units equivalent to Sunoco’s common units.

This acquisition marks a significant consolidation in the fuel supply sector, reinforcing Sunoco’s presence across North America while securing Parkland’s future in the evolving energy landscape.



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