{"id":28948,"date":"2022-12-09T11:00:44","date_gmt":"2022-12-09T11:00:44","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2022\/12\/09\/this-scrap-metal-junkyard-is-at-the-heart-of-500b-recycling-industry\/"},"modified":"2022-12-09T11:00:44","modified_gmt":"2022-12-09T11:00:44","slug":"this-scrap-metal-junkyard-is-at-the-heart-of-500b-recycling-industry","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2022\/12\/09\/this-scrap-metal-junkyard-is-at-the-heart-of-500b-recycling-industry\/","title":{"rendered":"This scrap metal junkyard is at the heart of $500B recycling industry"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n<header aria-label=\"Beginning of Article\" class=\"article-header\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\" data-aqa=\"nav-breadcrumb\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> Renewables <\/li>\n<li class=\"breadcrumbs__item\"> News <\/li>\n<li class=\"breadcrumbs__item\"> Energy <\/li>\n<li class=\"breadcrumbs__item\"> Economy <\/li>\n<li class=\"breadcrumbs__item\"> Commodities <\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-header__detail\">\n<div class=\"article-header__detail__texts\">\n<p class=\"article-subtitle\"> Canada Metal &amp; Iron is just one of the businesses that helps recycle 11 million tonnes of metal annually in Canada <\/p>\n<\/p><\/div>\n<figure class=\"featured-image\" data-aqa=\"featured-image\"><picture class=\"featured-image__ratio\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=webp 2x\" type=\"image\/webp\"\/><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;h=423&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;h=846&amp;type=jpg 2x\" type=\"image\/jpeg\"\/><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=webp 2x\" type=\"image\/webp\"\/><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;h=354&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;h=708&amp;type=jpg 2x\" type=\"image\/jpeg\"\/><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;h=216&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminsky-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;h=432&amp;type=webp 2x\" type=\"image\/webp\"\/><\/picture><figcaption class=\"featured-image__caption image-caption\"><span class=\"caption\">Josh Kaminsky, left, and his father Arthur Kaminsky, right, at Canada Iron &amp;amp; Metal.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<\/div>\n<\/header>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Art Kaminsky\u2019s office is at the end of a cramped hallway at the back of a cluttered two-storey building near a busy intersection in Toronto. In keeping with the building\u2019s overall interior decor, the office is crammed with stuff.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment1706794474351130832970796066930688\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1706794474351130832970796066930688\">Advertisement 2<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" data-aqa=\"advertisement\" id=\"ad-2\" style=\"--desktopHeight:250px;--mobileHeight:600px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>There is a pile of warm coats on the closet floor, two mountain bikes, two desktop computers of antique-looking quality and an old briefcase beneath a desk weighed down with tchotchkes, including a clock that doesn\u2019t keep the correct time, and a brass elephant with its trunk stuffed full of business cards.<\/p>\n<\/section>\n<div class=\"article-content__widget-group article-content__widget-group--content-slot6 article-content__widget-group--newsletter-slot\">\n<section aria-labelledby=\"FPEnergy8964420753525537094990177316634624\" class=\"newsletter-widget None background--primary-light-gradient\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_Energy\" data-widget=\"newsletter\"><img decoding=\"async\" alt=\"FP Energy Banner\" class=\"newsletter-widget__banner\" height=\"60\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/12.4.2\/websites\/images\/newsletters\/FP_Energy.svg\" width=\"97\"\/><\/p>\n<div class=\"newsletter-widget__body\">\n<div class=\"js-replace-main\">  <small class=\"newsletter-widget__disclaimer text-size--micro\"> By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 <\/small> <\/div>\n<div class=\"js-submit-success\" hidden=\"\" id=\"submitSuccessFP_Energy\">\n<h3 class=\"newsletter__feedback--heading\">Thanks for signing up!<\/h3>\n<p class=\"newsletter-widget__text\">A welcome email is on its way. If you don&#8217;t see it, please check your junk folder.<\/p>\n<p class=\"newsletter-widget__text newsletter__feedback--last\">The next issue of FP Energy will soon be in your inbox.<\/p>\n<\/p><\/div>\n<p class=\"newsletter-widget__text js-submit-error\" hidden=\"\" id=\"submitErrorFP_Energy\"> We encountered an issue signing you up. Please try again <\/p>\n<\/p><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<\/section>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>By even the most generous of assessments, it is a fantastically messy space, and entirely befitting of the fourth-generation family business co-owner who shares it with his 37-year-old son Josh. That is, when they are not out and about in their equally junky, yet impeccably well-organized, scrap metal yard.<\/p>\n<p>All are welcome at Canada Iron &amp; Metal Co. Ltd., including that guy in the beat-to-heck pickup truck you\u2019ve likely seen fishing for discarded aluminum siding, wiring, pipes, modems, stainless steel dishwashers and other shiny and not-so-shiny cast-offs from your neighbour\u2019s home renovation dumpster.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment151252833868047436250773662466048\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment151252833868047436250773662466048\">Advertisement 3<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" data-aqa=\"advertisement\" id=\"ad-3\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Six days a week, the yard receives anywhere from 150 to 250 skilled tradespeople, do-it-yourself home improvers, demolition companies, boat wreckers looking to sell 1,500-kilogram sailboat keels and fellow scrapyard owners with, perhaps, a discerning eye for stainless steel car rotors and a 30-year-plus history of doing deals with a family that has been in the scrap business since 1937.<\/p>\n<p>\u201cIt is the end here,\u201d Josh Kaminsky said. \u201cBut it is also the beginning.\u201d<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Canada Iron and Metal is a small family business, with about 20 employees.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/canada-iron-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Canada Iron and Metal is a small family business, with about 20 employees.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<p>Is it ever. On its own, Canada Iron and Metal is a small family business, with about 20 employees, set on a 1.5-acre patch of real estate bordered by train tracks to the north. But it is also a cog in the vast, US$500-billion global recycling industry.<\/p>\n<p>The Canadian Association of Recycling Industries (CARI) estimates about 11 million tonnes of metal and metal products are annually recovered and\/or recycled in Canada. CARI pegs the annual value of metals recycled and processed by domestic companies \u2014 from the Kaminskys to big industry players such as Brampton Ont.-headquartered Triple M Metal LP, which has operations in Canada, the United States, Europe and Mexico \u2014 at more than $10 billion.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment4639642388415815033264103472758784\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment4639642388415815033264103472758784\">Advertisement 4<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-4\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>In other words, there is big money to be made from all the things our rampant consumerism compels us to discard, including, say, that stainless steel dishwasher your neighbour just put out front.<\/p>\n<blockquote class=\"\">\n<p>It is the end here. But it is also the beginning<\/p>\n<p>Josh Kaminsky<\/p>\n<\/blockquote>\n<p>There is a good chance that dishwasher won\u2019t stay put long enough for the city to pick it up. Instead, a private citizen or business will grab it and bring it to a scrapyard, where it will be sorted and then shredded into tiny bits, together with other cast-off household appliances, junked cars and just about anything with metal in it.<\/p>\n<p>The tiny bits are then sent to a steel mill, likely in Hamilton, but potentially south of the border, melted down in a giant cauldron and recast as a new slab, steel sheet or steel ingot to be sold to a manufacturer that will turn it into, well, you name it: car parts, bridge parts and even a new dishwasher the neighbour can purchase to replace the one they just threw out.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment1709282296856130298276053942009856\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1709282296856130298276053942009856\">Advertisement 5<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-5\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"5\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-5\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>\u201cIt is important to understand that recycling is much more than residential \u2018blue box\u2019 collection programs,\u201d Tracy Shaw, CARI\u2019s chief executive, said.<\/p>\n<p>It is equally important to understand that the Kaminskys \u2014 Art\u2019s younger brother Eric and his son Joe also work in the family business \u2014 aren\u2019t a bunch of grubby-looking rubes being preyed upon by global market forces. They are scrap metal yard owners in name, but in daily practice they are sophisticated, hardhat-wearing commodities traders, who prefer outfits designed to get dirty over expensive suits.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Cutting copper pipe at Canada Iron &amp; Metal.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/scrap-metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Cutting copper pipe at Canada Iron &amp; Metal.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<p>\u201cWe deal with everybody from the common man to the presidents of large corporations,\u201d Art said, before launching into a story about being at a dinner party and falling into a conversation with a Richie Rich type. As talk wound round to their respective livelihoods, the wealthy individual commented, \u201cFinally, someone who isn\u2019t a lawyer.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment9684934830356420321567793578246144\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment9684934830356420321567793578246144\">Advertisement 6<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-6\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"6\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-6\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>As Art puts it: \u201cYou are who you are. There is no putting on airs here.\u201d<\/p>\n<p>But there is always plenty of hard work, something the Kaminskys are used to. Art\u2019s grandfather Saul was a Jewish immigrant from Ukraine who came to Canada penniless in the mid-1920s and drove a truck for a spell before opening Canada Rag and Metal, taking in everything from old mattresses to cast iron stoves.<\/p>\n<p>Saul died of a heart attack at age 40, so Art\u2019s father Leon stepped in to run the business. Eventually, his three sons joined him, but not before going to university and, in Art\u2019s case, backpacking around Asia on a coming-of-age trek that partly explains the Hindi-themed trinkets such as the card-holding brass elephant that clutter his desk.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment9055998800128662653307580678406144\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment9055998800128662653307580678406144\">Advertisement 7<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-7\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"7\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-7\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Tidiness isn\u2019t a requisite to work in scrap, but discipline and paying attention to detail are musts. The Kaminskys are up each morning before the crack of dawn checking global commodity markets and setting the prices they are willing to pay for aluminum painted siding (75 cents per pound), lead acid batteries (24 cents per pound), bare bright copper ($4.50 per pound) and a variety of other things.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Josh Kaminsky, left, and his father Arthur Kaminsky, right, at Canada Iron &amp; Metal.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/kaminskys-vw1208.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Josh Kaminsky, left, and his father Arthur Kaminsky, right, at Canada Iron &amp; Metal.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<p>Each category of metal is further broken into subsets \u2014 with pure copper being the equivalent of a scrapper\u2019s gold \u2014 and each subset has a different price, since not all junk, nor all copper wiring, is of equal value. Of course, the people who drive through the yard\u2019s gates have prices of their own in mind for whatever it is they are trying to sell.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2172013709860369589480783163162624\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2172013709860369589480783163162624\">Advertisement 8<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-8\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"8\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-8\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>\u201cEvery day is a haggle. There is a haggle on everything,\u201d Josh said. \u201cEverybody wants to get the best price, because every cent matters.\u201d<\/p>\n<p>For example, \u201cMikey,\u201d one of the yard\u2019s regulars, wants 60 cents a pound for his load of stainless steel. The younger Kaminsky won\u2019t budge. \u201cI\u2019ll give you 55 cents.\u201d<\/p>\n<p>Sold.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"A person unloads scrap metal at Canada Iron &amp; Metal.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-vw1208.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> A person unloads scrap metal at Canada Iron &amp; Metal.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<p>Such trades have been occurring for decades, often accompanied by the bark of a junkyard dog in popular imagination. But there is no dog at the Kaminskys\u2019 place. Their last dog, Q, died and they never got around to replacing him.<\/p>\n<p>Perhaps that\u2019s as emblematic of the modern scrapyard as Josh Kaminsky is of the modern junkman. His coming-of-age trip was to India, while his resum\u00e9 is highlighted by a business degree from Western University\u2019s Ivey School of Business, followed by a four-year stint as a territory manager with Imperial Oil Ltd. in Calgary.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2937181802241356062811706175258624\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2937181802241356062811706175258624\">Advertisement 9<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-9\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"9\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-9\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>\u201cThere is too much structure at those big companies,\u201d he said. \u201cScrap is a wheeler-dealer business. It is fast paced, and by the afternoon, you already don\u2019t remember the morning. When you make a bad deal, you just keep on moving.\u201d<\/p>\n<p>Being in constant motion is part of the joy of working in scrap. Art never wanted a desk job and he doesn\u2019t have one now. The entire family bicycles to work, and they are diligent recyclers in their home lives. Art even takes his clothes to a seamstress near the yard for repairs. The Kaminskys know the value of the items other people throw out, as do their customers.<\/p>\n<blockquote class=\"\">\n<p><span>We are the real recyclers<\/span><\/p>\n<p>Josh Kaminsky<\/p>\n<\/blockquote>\n<p>\u201cWe are the real recyclers,\u201d Josh said.<\/p>\n<p>Consider the percentages: 45 per cent of worldwide annual production of steel, more than 40 per cent of copper production and almost 35 per cent of aluminum is produced from recycled material, according to the Bureau of International Recycling.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment6365626405730782519390470590693376\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment6365626405730782519390470590693376\">Advertisement 10<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-10\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"10\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-10\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>There are more than 1,000 registered recycling facilities of all sizes, and all commodity types, in Canada alone.<\/p>\n<p>But repurposing old junk, or closed-loop recycling in industry speak, doesn\u2019t generate the same buzz as the electric vehicles, wind farms, geothermal heating, carbon-capture technology and other innovations designed to make the planet a healthier place. Junkyards, however, are more often the authentic frontline players in the green revolution.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Metal trimmings at Canada Iron &amp; Metal.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-trimmings-vw1208.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"750\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Metal trimmings at Canada Iron &amp; Metal.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<p>\u201cWhen it comes to recycling minerals and metals, what you are displacing is virgin materials that would otherwise require being mined,\u201d Jury Gualandris, an associate professor at the Ivey School of Business, said.<\/p>\n<p>\u201cIf you think of the electricity required to operate a mine, and the diesel required to run the machinery at a mine, you save all of that, which, from a carbon standpoint, makes the recycling of metals and minerals a net negative.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment6674357499882461810504625750540288\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment6674357499882461810504625750540288\">Advertisement 11<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-11\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"11\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-11\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Even that tangle of old computer cables, which gets sorted, packed into a shipping container and sent, as is sometimes the case, from the Kaminskys to China to be fashioned into something new, travels a less carbon-intensive route than mining all the ingredients and starting from scratch.<\/p>\n<p>Recycled metals are a cheaper trove of supply to draw from, and companies such as Ohio-based steelmaking giant Cleveland-Cliffs Inc. know it.<\/p>\n<figure class=\"embedded-image\" data-aqa=\"embed-image\"><picture class=\"embedded-image__ratio\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=564&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=1128&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=472&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=944&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=288&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=576&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Cutting up metal at Canada Iron &amp; Metal.\" class=\"embedded-image__image lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=288\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=288,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/metal-sparks-vw1208.jpg?quality=90&amp;strip=all&amp;w=576 2x\" height=\"1024\" loading=\"lazy\" width=\"1000\"\/><\/picture><figcaption class=\"image-caption\"><span class=\"caption\"> Cutting up metal at Canada Iron &amp; Metal.<\/span> <span class=\"credit\">Photo by Peter J. Thompson\/National Post<\/span> <\/figcaption><\/figure>\n<p>Cleveland-Cliffs paid US$775 million in 2021 to acquire Ferrous Processing and Trading Co., one of the \u201clargest processors and distributors of prime ferrous scrap in the United States,\u201d according to a company statement detailing the purchase.<\/p>\n<p>Among the reasons given for the deal: \u201cimmediately securing access to prime scrap, where demand is expected to grow dramatically with limited to no growth in corresponding supply.\u201d<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2245621037273879307726673837817856\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2245621037273879307726673837817856\">Advertisement 12<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-12\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"12\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-12\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>The Kaminskys haven\u2019t received any calls from American steel giants shopping for mom-and-pop scrapyards lately, but the occasional developer does appear at the gates of Canada Iron &amp; Metal to inquire about buying the property.<\/p>\n<section aria-labelledby=\"moreTopicLabel4332763162206598492448458207657984\" class=\"more-topic\" data-aqa=\"embed-more-topic\" data-carousel-component=\"\" data-carousel-icon-button=\"\" data-carousel-type=\"list\"> <button aria-hidden=\"true\" class=\"more-topic__button-prev\" data-carousel-prev=\"\" tabindex=\"-1\" title=\"previous\" type=\"button\"\/> <\/p>\n<ol class=\"more-topic__items list-unstyled\" data-carousel-slide-list=\"\" tabindex=\"0\">\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Stephen Smith, co-founder and executive chair of First National Financial LP, at his company\u2019s Toronto offices. He says a healthy labour market and the mortgage stress test should stave off real estate disaster. \" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/stephen-smith-1202-ph.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/stephen-smith-1202-ph.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/stephen-smith-1202-ph.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/stephen-smith-1202-ph.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Why mortgage industry titan Stephen Smith isn\u2019t panicking \u2014 and why you shouldn\u2019t either <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Ukrainian refugee Iryna Zozulia arrived in St. John's on May 9 and now works for PAL Airlines.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2022\/11\/Iryna-Zozulia.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2022\/11\/Iryna-Zozulia.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2022\/11\/Iryna-Zozulia.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/nationalpost\/wp-content\/uploads\/2022\/11\/Iryna-Zozulia.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Come from away: Ukrainian refugees help Newfoundland and Labrador companies soar <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"A road in need of repair in Timmins, Ont.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/09\/no0909timmins.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/09\/no0909timmins.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/09\/no0909timmins.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/09\/no0909timmins.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> Canada\u2019s crumbling roads are getting worse in climate change \u2014 but Alberta oil may be the answer <\/span> <\/h3>\n<\/li>\n<li class=\"more-topic__item\" data-carousel-item=\"\">  <picture class=\"more-topic__item-image\"><img decoding=\"async\" alt=\"Jennifer Wong started at Aritzia as a salesperson 35 years ago.\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/Jennifer-Wong-vw0602.jpg?h=96&amp;strip=all&amp;quality=80\" height=\"96\" loading=\"lazy\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/Jennifer-Wong-vw0602.jpg?h=96&amp;strip=all&amp;quality=80,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/Jennifer-Wong-vw0602.jpg?h=192&amp;strip=all&amp;quality=80 2x,&#10;                                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/06\/Jennifer-Wong-vw0602.jpg?h=288&amp;strip=all&amp;quality=80 3x\" width=\"96\"\/><\/picture>\n<h3 class=\"more-topic__item-text\"> <span class=\"more-topic__item-text-clamp\"> \u2018Don\u2019t take no for an answer\u2019: Jennifer Wong\u2019s remarkable rise from Aritzia salesperson to CEO <\/span> <\/h3>\n<\/li>\n<\/ol>\n<p><button aria-hidden=\"true\" class=\"more-topic__button-next\" data-carousel-next=\"\" tabindex=\"-1\" title=\"next\" type=\"button\"\/> <\/section>\n<p>But retirement isn\u2019t a deal Art seems interested in even though he\u2019s 67. He\u2019s \u201cstill going strong,\u201d he said, while his son has young kids, and little inclination to return to a corporate gig, as much as he learned from it.<\/p>\n<p>There are perks, after all, to working with family, chief of which might be that you will always be family. There\u2019s no pulling any punches. Conversations related to the business can be perfectly frank and minor tiffs quickly forgotten amid the more pressing reminder that there is always another pick-up truck pulling through the gates.<\/p>\n<p>\u201cWe live in a very wasteful society,\u201d Josh said. \u201cPeople keep throwing out perfectly good stuff.\u201d<\/p>\n<p>Leave it to the Kaminskys to find profit in the mess.<\/p>\n<p data-async=\"\"><em>\u2022 Email: joconnor@nationalpost.com | Twitter: <a data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" link=\"\" href=\"https:\/\/twitter.com\/oconnorwrites\" rel=\"nofollow noopener\" target=\"_blank\">oconnorwrites<\/a><\/em><\/p>\n<p> <iframe loading=\"lazy\" frameborder=\"0\" height=\"1200\" id=\"\" src=\"https:\/\/modules.wearehearken.com\/financial-post\/embed\/9439\/share\" style=\"--height: 1200px; \" width=\"\"><\/iframe> <\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt=\"beforeunload\" data-evt-typ=\"page_scroll\" data-evt-val=\"{\" control_fields=\"\">\n<h2 class=\"visually-hidden\">Share this article in your social network<\/h2>\n<\/section>\n<div class=\"article-content__ad-group\">\n<div class=\"ad__section-border ad__section-border--category visually-hidden\">\n<section aria-describedby=\"advertisment1239706559009006082753914290044928\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1239706559009006082753914290044928\">Advertisement <\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner\" id=\"ad__inner-acceptable\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-acceptable=\"\" data-ad-loc=\"1\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" data-aqa=\"advertisement\" id=\"ad-acceptable\" style=\"--desktopHeight:250px;--mobileHeight:250px\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/div><\/div>\n<div class=\"widget article-content__widget-group article-content__widget-group--related-story-slot\">\n<section aria-labelledby=\"relatedStories1170103568406266614443578790772736\" class=\"dark-mode-secondary-theme-background dark-mode-text--nuclear list-widget list-widget-related-stories\" data-aqa=\"widget-related-list\">\n<h2 class=\"section-title section-title--page-story\" id=\"relatedStories1170103568406266614443578790772736\">Related Stories<\/h2>\n<ol class=\"list-widget__content list-unstyled\">\n<li data-carousel-item=\"\">\n<article class=\"article-card article-card--two-column article-card--no-excerpt--sm-down\" data-aqa=\"article-card\" data-article-id=\"e6cbcd10-839c-4c0b-8e0d-a3fb7d6d0a74\" data-category-colour=\"news\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" rosenberg:=\"\" a=\"\" recession=\"\" is=\"\" coming=\"\" to=\"\" canada=\"\" in=\"\" amid=\"\" huge=\"\" debt=\"\" housing=\"\" bubble=\"\" stories=\"\">\n<div class=\"article-card__content\">\n<div class=\"article-card__details\">\n<h3 class=\"article-card__headline text-size--extra-large--sm-up\" title=\"David Rosenberg: A recession is coming to Canada in 2023 amid huge debt, housing bubble\"> <span class=\"article-card__headline-clamp\">David Rosenberg: A recession is coming to Canada in 2023 amid huge debt, housing bubble<\/span> <\/h3>\n<p class=\"article-card__excerpt\"> This time next year, the Bank of Canada will be forced to cut rates again to combat the recession and ensuing deflation <\/p>\n<\/p><\/div>\n<picture class=\"article-card__image\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=232&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=464&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"David Rosenberg: A recession is coming to Canada in 2023 amid huge debt, housing bubble\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=232\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=232,&#10;                        https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/housing-vw1209.jpg?quality=90&amp;strip=all&amp;w=464 2x\" height=\"174\" loading=\"lazy\" width=\"232\"\/><\/picture> <\/div>\n<\/article>\n<\/li>\n<li data-carousel-item=\"\">\n<article class=\"article-card article-card--two-column article-card--no-excerpt--sm-down\" data-aqa=\"article-card\" data-article-id=\"a47c1cca-d4c0-4833-aece-0631c29cf35b\" data-category-colour=\"default\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" b.c.:=\"\" the=\"\" planned=\"\" growth=\"\" of=\"\" liquefied=\"\" natural=\"\" gas=\"\" industry=\"\" is=\"\" turning=\"\" kitimat=\"\" into=\"\" next=\"\" energy=\"\" centre=\"\" stories=\"\">\n<div class=\"article-card__content\">\n<div class=\"article-card__details\">\n<h3 class=\"article-card__headline text-size--extra-large--sm-up\" title=\"Boomtown, B.C.: The planned growth of the liquefied natural gas industry is turning Kitimat into the next energy centre\"> <span class=\"article-card__headline-clamp\">Boomtown, B.C.: The planned growth of the liquefied natural gas industry is turning Kitimat into the next energy centre<\/span> <\/h3>\n<p class=\"article-card__excerpt\"> Construction is now underway on LNG Canada\u2019s massive $17-billion export terminal <\/p>\n<\/p><\/div>\n<picture class=\"article-card__image\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=232&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=464&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Boomtown, B.C.: The planned growth of the liquefied natural gas industry is turning Kitimat into the next energy centre\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=232\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=232,&#10;                        https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1205lng.jpg?quality=90&amp;strip=all&amp;w=464 2x\" height=\"174\" loading=\"lazy\" width=\"232\"\/><\/picture> <\/div>\n<\/article>\n<\/li>\n<li data-carousel-item=\"\">\n<div class=\"article-card\">\n<article class=\"ad__native\" data-list-position=\"2\" data-native=\"\">\n<section aria-describedby=\"advertisment5766736771351933546721223269941248\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment5766736771351933546721223269941248\">Advertisement 1<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__inner ad__inner--native\" id=\"ad__inner-native-1\">\n<div class=\"ad__inner__container\" data-ad=\"[[5,5]]\" data-ad-light-ineligible=\"\" data-ad-loc=\"1\" data-ad-mobile=\"[[5,5]]\" data-ad-ref=\"off\" data-aqa=\"advertisement\" id=\"ad-native-1\" style=\"\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div><\/div><\/div><\/div>\n<\/section>\n<\/article>\n<\/div>\n<\/li>\n<li data-carousel-item=\"\">\n<article class=\"article-card article-card--two-column article-card--no-excerpt--sm-down\" data-aqa=\"article-card\" data-article-id=\"72ff85b6-aa1c-4551-9239-6e71478ece3f\" data-category-colour=\"default\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{\" control_fields=\"\" reit=\"\" announces=\"\" distribution=\"\" for=\"\" december=\"\" stories=\"\">\n<div class=\"article-card__content\">\n<div class=\"article-card__details\">\n<h3 class=\"article-card__headline text-size--extra-large--sm-up\" title=\"Primaris REIT Announces Distribution for December 2022\"> <span class=\"article-card__headline-clamp\">Primaris REIT Announces Distribution for December 2022<\/span> <\/h3>\n<p class=\"article-card__excerpt\"> TORONTO \u2014 Primaris Real Estate Investment Trust (\u201cPrimaris REIT\u201d) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0683 per unit for the month of December, 2022, representing $0.82 per unit on an annualized basis. The distribution will be payable on January 16, 2023 to unitholders of record on December 30, 2022. <\/p>\n<\/p><\/div>\n<picture class=\"article-card__image\"><source srcset=\"https:\/\/dcs-static.gprod.postmedia.digital\/12.4.2\/websites\/images\/postmedia-image-fallback.webp\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Image by default\" height=\"75\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/12.4.2\/websites\/images\/postmedia-image-fallback.png\" width=\"100\"\/><\/picture> <\/div>\n<\/article>\n<\/li>\n<li data-carousel-item=\"\">\n<article class=\"article-card article-card--two-column article-card--no-excerpt--sm-down\" data-aqa=\"article-card\" data-article-id=\"26f24f4e-ebfd-4446-a6f2-2924c6ebf3bf\" data-category-colour=\"default\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;widget_title&quot;: &quot;widget_title&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;target_article_title&quot;: &quot;target_article_title&quot;, &quot;target_article_id&quot;: &quot;target_article_id&quot;, &quot;target_article_position&quot;: &quot;target_article_position&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;widget-list&quot;, &quot;anchor_text&quot;: &quot;Boards must look beyond the share price for CEO to navigate today's challenges, report urges&quot;, &quot;widget_title&quot;: &quot;Related Stories&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/fp-finance\/icd-tmx-group-charting-future-canadian-governance&quot;, &quot;target_article_title&quot;: &quot;Boards must look beyond the share price for CEO to navigate today's challenges, report urges&quot;, &quot;target_article_id&quot;: &quot;26f24f4e-ebfd-4446-a6f2-2924c6ebf3bf&quot;, &quot;target_article_position&quot;: &quot;3&quot;, &quot;layout_section&quot;: &quot;related-stories-list&quot;}\">\n<div class=\"article-card__content\">\n<div class=\"article-card__details\">\n<h3 class=\"article-card__headline text-size--extra-large--sm-up\" title=\"Boards must look beyond the share price for CEO to navigate today's challenges, report urges\"> <span class=\"article-card__headline-clamp\">Boards must look beyond the share price for CEO to navigate today&#8217;s challenges, report urges<\/span> <\/h3>\n<p class=\"article-card__excerpt\"> Corporate blueprint \u2014 two years in the making\u00a0\u2014 lays out best practices in age of climate and technological change and geopolitical risk <\/p>\n<\/p><\/div>\n<picture class=\"article-card__image\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=232&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=464&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"Boards must look beyond the share price for CEO to navigate today's challenges, report urges\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=232\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=232,&#10;                        https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/tmx-1208-ph.jpg?quality=90&amp;strip=all&amp;w=464 2x\" height=\"174\" loading=\"lazy\" width=\"232\"\/><\/picture> <\/div>\n<\/article>\n<\/li>\n<li data-carousel-item=\"\">\n<article class=\"article-card article-card--two-column article-card--no-excerpt--sm-down\" data-aqa=\"article-card\" data-article-id=\"b17f4cac-0c3d-4b5f-856a-68c9cd368486\" data-category-colour=\"default\" data-evt=\"click\" data-evt-typ=\"click\" data-evt-val=\"{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;widget_title&quot;: &quot;widget_title&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;target_article_title&quot;: &quot;target_article_title&quot;, &quot;target_article_id&quot;: &quot;target_article_id&quot;, &quot;target_article_position&quot;: &quot;target_article_position&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;widget-list&quot;, &quot;anchor_text&quot;: &quot;FP Answers: How do I invest my inheritance if I'm in a low income tax bracket?&quot;, &quot;widget_title&quot;: &quot;Related Stories&quot;, &quot;target_url&quot;: &quot;https:\/\/financialpost.com\/investing\/fp-answers-investing-inheritance-low-income-tax-bracket&quot;, &quot;target_article_title&quot;: &quot;FP Answers: How do I invest my inheritance if I'm in a low income tax bracket?&quot;, &quot;target_article_id&quot;: &quot;b17f4cac-0c3d-4b5f-856a-68c9cd368486&quot;, &quot;target_article_position&quot;: &quot;4&quot;, &quot;layout_section&quot;: &quot;related-stories-list&quot;}\">\n<div class=\"article-card__content\">\n<div class=\"article-card__details\">\n<h3 class=\"article-card__headline text-size--extra-large--sm-up\" title=\"FP Answers: How do I invest my inheritance if I'm in a low income tax bracket?\"> <span class=\"article-card__headline-clamp\">FP Answers: How do I invest my inheritance if I&#8217;m in a low income tax bracket?<\/span> <\/h3>\n<p class=\"article-card__excerpt\"> To help choose the investments, confirm your short-, medium- and long-term goals <\/p>\n<\/p><\/div>\n<picture class=\"article-card__image\"><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=webp 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=344&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=688&amp;type=jpg 2x\" media=\"(min-width: 1200px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=webp 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=322&amp;type=jpg,&#10;                https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=644&amp;type=jpg 2x\" media=\"(min-width: 768px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/jpeg\"\/><source data-srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=232&amp;type=webp,&#10;            https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=464&amp;type=webp 2x\" media=\"(max-width: 767px)\" srcset=\"https:\/\/financialpost.com\/data:,https:\/\/financialpost.com\/1w\" type=\"image\/webp\"\/><img decoding=\"async\" alt=\"FP Answers: How do I invest my inheritance if I'm in a low income tax bracket?\" class=\"lazyload\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=232\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=232,&#10;                        https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2022\/12\/no1202money.jpg?quality=90&amp;strip=all&amp;w=464 2x\" height=\"174\" loading=\"lazy\" width=\"232\"\/><\/picture> <\/div>\n<\/article>\n<\/li>\n<\/ol>\n<\/section>\n<\/div>\n<footer aria-label=\"Article Comments\" class=\"article-footer\">\n<section class=\"comments__section\" data-aqa=\"viafoura-comments\" id=\"comments\">\n<h3 class=\"widget-title comments-anchor\" id=\"comments-area\">Comments<\/h3>\n<p class=\"comments__section-disclaimer\"> Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications\u2014you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings. <\/p>\n<\/section>\n<\/footer>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/>This scrap metal junkyard is at the heart of $500B recycling industry<\/a><br \/>\n<br \/>2022-12-09 11:00:44<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Breadcrumb Trail Links Renewables News Energy Economy Commodities Canada Metal &amp; Iron is just one of the businesses that helps recycle 11 million tonnes of metal annually in Canada Josh&#8230;<\/p>\n","protected":false},"author":2,"featured_media":28949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":{"0":"post-28948","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/28948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=28948"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/28948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/28949"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=28948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=28948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=28948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}