Analyst calls Trump's G7 exit over Israel-Iran conflict a surprise
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CTV analyst Eric Ham on Trump's early G7 exit, its impact on global leaders, and how PM Carney could benefit in his absence.
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Winnipeg Free Press
28 minutes ago
- Winnipeg Free Press
The Latest: Trump says all of Tehran should evacuate ‘immediately'
U.S. President Donald Trump posted an ominous message on his social media site Monday calling for the immediate evacuation of Tehran but later denied reports he had rushed back to Washington to work on a ceasefire. Israel's air campaign on the Iranian capital appeared to broaden on the fourth day of an intensifying conflict after it issued warnings on Monday for about 300,000 people in Tehran to evacuate ahead of airstrikes. People were seen leaving the city Tuesday morning as shops and the historic Grand Bazaar were closed. Iranian authorities insist everything is under control and no guidance has been issued. Here's the latest: ___ People seen leaving Tehran As the sun rose Tuesday on Iran, the downtown area of Tehran, the country's capital, appeared to be beginning to empty out. Many shops in the capital stood closed. The city's ancient Grand Bazaar was closed, something that's rarely done, like during demonstrations or during the height of the coronavirus pandemic. On the roads out of Tehran to the west, traffic stood bumper to bumper. Many appeared to be heading to the Caspian Sea area, with local reports suggesting there were some diversions. Long lines also could be seen at gas stations operating in Tehran. Iran's capital, Tehran, is home to some 10 million people. That's roughly the same population for the entirety of Israel. It remained unclear how the city could be evacuated. Authorities within Iran's government continued to insist everything was under control and did not offer any guidance for the public on what to do. G7 leaders call for de-escalation but insist Iran must not get nukes Leaders of the Group of Seven countries meeting in Canada signed a joint statement calling for de-escalation of fighting between Israel and Iran while reaffirming that Iran cannot be allowed to have a nuclear bomb. The statement reads: 'We, the leaders of the G7, reiterate our commitment to peace and stability in the Middle East. 'In this context, we affirm that Israel has a right to defend itself. We reiterate our support for the security of Israel. Sundays Kevin Rollason's Sunday newsletter honouring and remembering lives well-lived in Manitoba. 'We also affirm the importance of the protection of civilians. 'Iran is the principal source of regional instability and terror. 'We have been consistently clear that Iran can never have a nuclear weapon. 'We urge that the resolution of the Iranian crisis leads to a broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza. 'We will remain vigilant to the implications for international energy markets and stand ready to coordinate, including with like-minded partners, to safeguard market stability.'
Globe and Mail
36 minutes ago
- Globe and Mail
Tesla Inc: Analyst Update & Stock Analysis
Tesla Inc. (TSLA) (About (STA Research): Is a Canadian investment research company, consisting of Financial Professionals specializing in advanced stock research and analysis). Coverage Update Cantor Fitzgerald analyst, Andres Sheppard has reiterated the investment firm's 'Overweight' rating on Tesla Inc., maintaining a 12-month price target of $355.00. This reaffirmation reflects continued confidence in Tesla's long-term growth potential, driven by its leadership in the electric vehicle (EV) sector, ongoing advancements in battery technology, and expanding global production capacity. The Overweight rating suggests that Cantor believes Tesla shares are poised to outperform the broader market or sector average. The price target implies a substantial upside from current trading levels, signaling optimism around the company's ability to scale operations, improve margins, and capitalize on the accelerating global transition to clean energy transportation. Stock Forecast & Analysis As of June 17, 2025, Tesla is trading at $329.13, reflecting a 1.17% increase from the previous close. The stock has experienced a 37% rally since late April, bolstered by investor optimism surrounding Tesla's advancements in artificial intelligence and autonomous vehicle technology, particularly the anticipated launch of its robotaxi service in Austin, Texas, on June 22 Analyst sentiment on Tesla remains mixed, as the consensus rating is 'Hold,' with an average 12-month price target of $289, suggesting a potential downside of approximately 12% from the current trading price . The basis for the cautious approch, is that some analysts have concerns over regulatory issues and increased competition in the electric vehicle market sector. Financial Fundamentals Tesla has exhibited strong revenue growth over the past five years, with a compound annual growth rate (CAGR) of approximately 30%. While its gross margin has compressed to around 17–18% due to pricing cuts and higher input costs (down from previous highs above 25%), the company maintains solid profitability. Operating margins range between 9% and 11%, and net profit margins are approximately 7–10%, which are higher than those of most traditional automakers. Tesla's return on equity (ROE) is strong at around 18–20%, and return on assets (ROA) stands at about 10–12%. From a liquidity standpoint, Tesla is in a healthy position, with a current ratio of roughly 1.5× and a low debt-to-equity ratio of about 0.10×, indicating minimal reliance on leverage. Its interest coverage ratio is well above 20×, reflecting strong ability to meet its financial obligations. The company holds more than $25 billion in cash, providing ample operational and strategic flexibility. Tesla also generates solid free cash flow, currently estimated at $8–10 billion on a trailing 12-month basis. Capital expenditures are rising, reflecting continued investments in artificial intelligence infrastructure and new gigafactories. Its operating cash flow remains consistently positive and supports its growth plans. In terms of valuation, Tesla trades at a forward price-to-earnings (P/E) ratio of around 75× (2025 estimates), significantly higher than the auto industry average. Its EV/EBITDA multiple is also elevated, and the PEG ratio exceeds 2.0×, indicating that the stock is priced at a premium relative to its expected earnings growth. Outlook Tesla Inc. operates in the electric vehicle (EV), energy storage, and AI-powered autonomous technology sectors. It is widely recognized not only as a car manufacturer but also as a technology and energy innovation company. The company's strong brand, vertically integrated business model, extensive charging infrastructure, and first-mover advantage in self-driving technology have helped it establish a significant competitive edge. However, Tesla faces several structural and execution risks, including rising competition from legacy automakers and EV-focused companies such as BYD, Ford, and Volkswagen, as well as increased regulatory scrutiny and heavy reliance on the leadership and public perception of CEO Elon Musk. However, looking at the company's overall picture, Tesla shows robust financial health, strong margins, and efficient capital management, though its current valuation reflects high investor expectations for continued innovation and long-term growth, however the valuation is purely based on the basis that the company is actually a Artifical Intelligence play, according to Ark's Cathy Woods.
CTV News
an hour ago
- CTV News
‘Well worth the wait': New Saskatoon seniors residence officially opens this week
Saskatchewan continues to suffer from a shortage of affordable housing. However, more than 200 seniors can now breathe a sigh of relief thanks to a new development that caters to those in their golden years. Elmer Mauthe moved into Columbian Village several months ago, after waiting three years for it to be built. 'I used to live in Candle Lake, and I sold my place there. We were supposed to move in here the next year, but we couldn't get in for another two years, so we had to rent a place in Saskatoon, but it was well worth the wait,' Mauthe told CTV News. Columbian Village officially opens this week. It has created 90 apartments and 43 assisted living units. With rental shortage across the country, that's something that is vital, according to Mauthe. 'There's too many seniors and not enough places to go, and that's what's the problem,' he said. This is faith-based housing that relies on fundraising and government support and it's open to anyone. 'The market's crazy because of a shortage in the city of Saskatoon and all over the country. We as an organization are supplying a service to a lot of people,' KC. Charities board member Bob Jeanneau explained. Medical access is key for seniors which means moving from rural areas to the cities. 'The issue of health care for seniors is that you're pretty well have to move into the main areas, which is a big, big problem because of them not being able to access health care in their towns and villages,' Norma Denis, Executive Director the KC Charities says. A recent survey shows that Saskatoon is 22nd most expensive city for rent in the country. For a one-bedroom suite, Vancouver, Burnaby and Toronto top the list. Saskatoon and Regina are in the 22 and 23 spots, right behind Edmonton. The survey shows that the median price of a one bedroom is $1,290, while Regina is $1,240. Housing prices Saskatoon, Regina Rent prices for a one bedroom apartment. Saskatoon and Regina rank 22 and 23 respectively. (Source: Zumper) Rent at Columbian Village is slightly higher at $1,350, but with all the amenities, its worth it, according to those who made the choice. As for Mauthe, the commitment to not raise rent like many others are seeing across the rental market is reassuring. 'I can see it not going high because it's under the Knights of Columbus and they're looking after senior people.' The waiting list to get into the newly opened building is lengthy already having filled up within a few months when it was first announced in 2022. KC Charities is planning to build more housing in the coming years.
