Governments greenlight single-source subway deal to boost Canadian jobs
All levels back deal for 70 new train sets, aiming to support local jobs and strengthen transit infrastructure.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
3 hours ago
- National Post
Asking price for family-run hotel is $12 million. The marshmallow memories are priceless
Article content The business employs roughly 100 people, he explains, and 'the payroll between here and The Arbour, the tips, the stuff we buy locally, all that affects the local economy in a huge way.' Article content Their eldest daughter manages the Terrace Room, Pam adds, and there was a lot of pressure on her: 'I remember her saying to me … 'I don't want to be the one who sells it … the whole town is going to look at me and I'm going to be the one who sells it someday.'' Article content Andrew and Pam know the decision to sell doesn't just affect the owners; many of their current employees have been working at the Erie Beach hotel for 20-plus years, Andrew reports. 'We had a bartender who was here for 40-something years, our chef was here 40-something years,' he says. 'Rose, who still works upstairs, has been over 40 years with us.' Article content The hospitality business is demanding, Pam explains; the only day of the year the restaurants close is Christmas Day. 'And there was a time,' Andrew adds, 'when we never closed.' Article content 'We sold out every Christmas,' he reminisces, 'and then when dad left it to the staff to decide; 'You wanna continue to do Christmases or you wanna cut this off?' And they said, 'Let's cut it off.' Took three years,' Andrew laughs. 'We told everybody, 'OK, next year, we're cutting this back.' Cut it from three sittings down to two, down to one, and then none, and that was kind of how Christmas ended here.' Article content Andrew and his brother Tony lived at the Erie Beach Hotel as young kids, he recalls, 'bussing tables for breakfast when we were nine or 10; before that we swept sidewalks and crushed the ice with a big old machine with a handle on the side.' Article content Article content A century ago, beginning in the Roaring '20s, people made the trek to Port Dover to dance to big band music in the ballroom of the Summer Garden. In the 1940s, bands included Lionel Hampton, Count Basie, Louis Armstrong and Gene Krupa. In the 1950s, Ronnie Hawkins & the Hawks, and after that the Guess Who and Lighthouse played the venue. Article content The nearby town of Jarvis was also home to a British Commonwealth Air Force base, 'so there was a lot of training going on,' for the war effort, says Andrew, 'and the guys blowing off steam here in town.' In the rough and tumble of the hotel's bar, once someone was cut off, you were cut off for life, Pam laughs. 'People learned to behave,' she says, 'or you didn't ever get to come back.' Article content In 2000, Andrew and Pam bought the family business from his parents. Article content 'Perch was tight again, prices were going up, profits were going down,' Andrew recalls, and his mother was 'all wound up … asking 'what do we do if there's no more perch in Lake Erie?'' Article content Andrew told his mother: 'I'll put up a for sale sign, or I'll figure out a way to sell steak, or something, but I'm not tied here.' Article content Andrew and Pam aren't leaving Dover anytime soon. Lake Erie is well stocked with perch. But the couple has decided their children can also choose their own path. Article content He and Pam are attached to the place, Andrew says, 'but we shouldn't dictate to our kids what they want to do with their own lives.' Article content
Globe and Mail
12 hours ago
- Globe and Mail
2 Artificial Intelligence (AI) Stocks the U.S. Government Is Actively Backing in 2025
Key Points Defense Secretary Pete Hegseth outlined a vision for the U.S. government to leverage more software across its operations. So far this year, data analytics platforms Palantir Technologies and have been notable beneficiaries in the public sector. Both companies' software is deployed across numerous government agencies, but I see one of these high-flying AI stocks as the clear winner. 10 stocks we like better than Palantir Technologies › When it comes to artificial intelligence (AI) stocks, chances are investors' thoughts may turn to semiconductors, massive data centers, or cloud computing infrastructure. This is great news for chip powerhouses and hyperscalers like Nvidia, Advanced Micro Devices, Broadcom, Taiwan Semiconductor Manufacturing, Microsoft, Amazon, or Alphabet, but investors could be overlooking emerging opportunities beyond the usual suspects. Enterprise-grade software will become an increasingly vital layer atop the hardware stack. The commercial angle is to market AI-powered software to large corporations with complex needs spanning data analytics, logistics, human resources, cybersecurity, and more. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » But there is another opportunity outside of the private sector: how AI is redefining one of the largest and most sophisticated enterprises of all, the U.S. government. Earlier this year, Defense Secretary Pete Hegseth announced a plan to allocate more spending toward the Software Acquisition Pathway (SWP), a strategy first deployed in 2020. Its stated aim is to "provide for the efficient and effective acquisition, development, integration, and timely delivery of secure software." Let's explore how Palantir Technologies (NASDAQ: PLTR) and (NYSE: BBAI) are capitalizing on AI's shift from hardware to software and how each company is approaching the opportunity with SWP. 1. Palantir Technologies: The AI darling of the U.S. government Palantir has been at the center of several notable deals with the federal government throughout 2025. In late May, it deepened its relationship with the Department of Defense (DOD) through a $795 million extension featuring its Maven Smart System (MSS). This brought the total value of the MSS program to $1.28 billion, making it a long-term revenue driver. More recently, the company won a deal with the Army reportedly worth up to $10 billion over the next 10 years. Palantir's wins extend beyond the U.S. military as well. The company is building the Immigration Lifecycle Operating System -- often referred to as ImmigrationOS -- for Immigration and Customs Enforcement (ICE). Signing multiyear billion-dollar deals provides Palantir with high revenue visibility, keeps its customer base sticky, and opens the door to upsell or cross-sell added services down the road. The ability to parlay its defense expertise into other government functions also expands Palantir's public sector footprint and reinforces the breadth of its capabilities -- solidifying its role as a ubiquitous AI backbone for the U.S. government. 2. A niche player helping the public sector Another AI software developer that has signed deals with the U.S. government this year is In February, it won a contract with the DOD to design a system to assist national security decision-making by analyzing trends and patterns in foreign media. Shortly thereafter, the company won a $13.2 million deal spread over three and a half years to support the Joint Chiefs of Staff's force management and data analytics capabilities. In May, the company partnered with Hardy Dynamics to advance the Army's use of machine learning and AI for autonomous drones. Lastly, has a deal with U.S. Customs and Border Protection to deploy its biometric AI infrastructure system, called Pangiam, at a dozen major airports across North America to help streamline arrivals and improve security protocols. Which is the better stock: Palantir or Between the two stocks, I see Palantir as the clear choice. has proved it can win meaningful government contracts, but its work is more niche-focused and smaller in scale compared to Palantir's multibillion-dollar deals across multiple platforms. In my view, popularity is largely with retail investors who are hoping that it becomes the "next Palantir." Smart investors know that hope is not a real strategy. Prudent valuation analysis -- and not speculation -- is required to know which stock is truly worth buying. While some on Wall Street may argue that Palantir stock is cheap based on software-specific metrics such as the Rule of 40, I'm not entirely bought into such a narrative. PLTR PS Ratio data by YCharts. Traditional approaches to valuation, such as the price-to-sales ratio (P/S), show that Palantir is the priciest software-as-a-service stock among the businesses in the chart above -- and its valuation expansion means that shares are becoming even more expensive as the stock continues to rally. Palantir is an impressive company that has proved it can deliver on crucial applications, but the stock is historically expensive. I think that investors are better off waiting for a more reasonable entry point and paying a more appropriate price down the road. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Adam Spatacco has positions in Alphabet, Amazon, Microsoft, Nvidia, and Palantir Technologies. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Datadog, Microsoft, MongoDB, Nvidia, Palantir Technologies, ServiceNow, Snowflake, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
CTV News
20 hours ago
- CTV News
Governments greenlight single-source subway deal to boost Canadian jobs
Video All levels back deal for 70 new train sets, aiming to support local jobs and strengthen transit infrastructure.
