‘Genuine discussions' between PM Carney and U.S. President Trump still needed: Reid
'Genuine discussions' between PM Carney and U.S. President Trump still needed: Reid
CTV News' political commentator Scott Reid discusses PM Carney's first official meeting with Trump, says more discussions on trade are needed.
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CBC
14 minutes ago
- CBC
Green MLAs want quicker action on glyphosate report
Three and a half years after a report recommended tighter restrictions on glyphosate spraying, some lawmakers say the pace of implementation has been too slow. "It's clear that not a lot of work was done on it in that time," Green MLA Megan Mitton said. "There were some things completed and some things very recently completed, but I would have liked to see more progress." The report by the legislature's committee on climate change and environmental stewardship made a number of recommendations on the future of herbicide spraying in the province. It followed extensive hearings with scientists, foresters, Health Canada researchers, First Nations, industry and the public. The recommendations included larger setbacks from dwellings and watercourses, that N.B. Power phase out aerial glyphosate spraying and an analysis of potential alternatives. In an update to the committee, Christie Ward, the assistant deputy environment minister, said 11 of 20 recommendations have been "completed" to date, while the remaining nine are underway. Some MLAs pointed out, however, that what the department has implemented is not what the initial report actually recommended. "When you went through the recommendations of the committee that were unanimously adopted, you pointed to a number of those recommendations that were marked as completed, which were not implemented as recommended," David Coon told department staff Wednesday. "So essentially you rejected those recommendations." For example, the report called for setbacks from dwellings to increase to one kilometre from 500 metres. Ward said permits for aerial glyphosate spraying issued last year increased setbacks to 500 metres from 155 metres. Instead of the minimum 100-metre setback from watercourses recommended in the report, ground application requirements were moved to 30 metres from 15 metres, and aerial spraying requires a minimum distance of 65 metres. Ward said that the department has spent time trying to understand the intent of the committee's recommendations and to carry out the spirit of them, even those based on a misunderstanding of the regulations that already existed. "These recommendations are complex in some cases, many of them require rigorous scientific review, they also require a baseline of information, so you know where you're starting from and where you need to get to," she said. "There's been a lot of work done in the background to really understand all aspects of the pesticide program." But Mitton said she'd prefer a more direct answer from the department on whether the committee's recommendations have been followed. "When the auditor general has a report, there's a response from the department and then there's an update," she said. "I almost feel like we need a bit more of a formal process, or to bring them in more often, to keep that accountability going because I don't accept some of those answers as a checkmark." Environment Minister Gilles LePage backed up his staff, noting the report, which he helped prepare as an opposition member of the committee, did err at times in its understanding of existing regulations. However, LePage agreed with other comments over the pace of action on the report over the last few years. "In the past six years, I think there was a lack of work on that file, and that's why it's part of my mandate," he said. "I was part of the evolution of pesticides in this province, with the research on this committee, and I take it personally, and we are going to focus on pesticides even more than the previous government." LePage's mandate letter from Premier Susan Holt includes two mentions of herbicide spraying. One is to implement all recommendations from the committee's report. The other is to investigate alternatives to pesticide and herbicide use and "re-evaluate the safety of glyphosate with new and comprehensive data specific to New Brunswick." "We're looking daily and monthly on the impacts of how it's done," he said. "But don't forget, our regulations are very strong and very rigid for application and for use."
National Post
17 minutes ago
- National Post
Updated Briefing and Discovery Schedule for CITGO Sale Hearing
Article content PEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (OTCQX: GDRZF) (' Gold Reserve ' or the ' Company ') announces that the U.S. District Court for the District of Delaware (the ' Court ') issued an order adopting the following revised schedule for briefing and discovery deadlines proposed by the Special Master given the expiration of the Topping Period on June 18, 2025 and rescheduled start date for the Sale Hearing to August 18, 2025, as previously announced here. Article content Event Deadline Deadline for the Special Master to submit his Final Recommendation July 2 Deadline to serve written discovery on the party (or parties) whose bid is selected as the Final Recommendation July 7 Opening expert reports due July 7 Deadline for the filing of any objections to the Special Master's Final Recommendation July 9 Deadline for any Competing Objector to disclose its own bid materials (such materials to be commensurate with those disclosed by the Special Master of the recommended bid) July 9 Deadline to serve written discovery on a Competing Objector July 11 Deadline to serve responses and objections for discovery requests served after the Final Recommendation July 15 Deadline to meet and confer regarding the scope of discovery to be produced in response to discovery requests served after submission of the Final Recommendation July 16 Deadline to serve witness disclosures pursuant to FRCP 26(a)(3) July 18 Deadline to notice witness depositions July 21 Deadline to serve responsive expert reports July 21 Deadline to complete document productions in response to discovery requests served before the submission of the Final Recommendation and substantially complete document productions in response to discovery requests served after the submission of the Final Recommendation July 22 Deadline to serve reply expert reports, if any July 25 Conclusion of the discovery period July 31 Deadline for the filing of responses to objections to the Special Master's Final Recommendation August 1 Deadline for the filing of replies regarding any objections to the Special Master's Final Recommendation August 8 Deadline for the filing of sur-replies to replies regarding any objections to the Special Master's Final Recommendation (only to the extent new arguments are raised in reply briefing) August 12 Deadline for the Special Master to submit Joint Status Report August 13 Deadline to disclose exhibits pursuant to FRCP 26(a)(3) August 13 Deadline to serve objections to FRCP 26(a)(3) exhibit disclosures August 15 Commencement of the Sale Hearing August 18 Article content Article content A copy of the Court's complete order can be found here. Article content A complete description of the Delaware sale proceedings can be found on the Public Access to Court Electronic Records system in Crystallex International Corporation v. Bolivarian Republic of Venezuela, 1:17-mc-00151-LPS (D. Del.) and its related proceedings. Article content This release contains 'forward-looking statements' within the meaning of applicable U.S. federal securities laws and 'forward-looking information' within the meaning of applicable Canadian provincial and territorial securities laws and state Gold Reserve's and its management's intentions, hopes, beliefs, expectations or predictions for the future. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. They are frequently characterized by words such as 'anticipates', 'plan', 'continue', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'may', 'will', 'potential', 'proposed', 'positioned' and other similar words, or statements that certain events or conditions 'may' or 'will' occur. Forward-looking statements contained in this press release include, but are not limited to, statements relating to any bid submitted by the Company for the purchase of the PDVH shares (the 'Bid'). Article content We caution that such forward-looking statements involve known and unknown risks, uncertainties and other risks that may cause the actual events, outcomes or results of Gold Reserve to be materially different from our estimated outcomes, results, performance, or achievements expressed or implied by those forward-looking statements, including but not limited to: the discretion of the Special Master to consider the Bid, to enter into any discussions or negotiation with respect thereto and that the Special Master may reject the Bid at any time; the Special Master may choose not to recommend a Base Bid or Final Bid to the Court; the failure of the Company to negotiate the Bid, including as a result of failing to obtain sufficient equity and/or debt financing; that Bid submitted by the Company will not be selected as the 'Base Bid' or the 'Final Recommend Bid' under the Bidding Procedures, and if selected may not close due to the Sale Process not being completed, including as a result of not obtaining necessary regulatory approval to close on the purchase of the PDVH shares, including but not limited to any necessary approvals from the U.S. Office of Foreign Asset Control ('OFAC'), the U.S. Committee on Foreign Investment in the United States, the U.S. Federal Trade Commission or the TSX Venture Exchange; failure of the Company or any other party to obtain any required shareholders approvals for, or satisfy other conditions to effect, any transaction resulting from the Bid; that the Company forfeit any cash amount deposit made due to failing to complete the Bid or otherwise; that the making of the Bid or any transaction resulting therefrom may involve unexpected costs, liabilities or delays; that, prior to or as a result of the completion of any transaction contemplated by the Bid, the business of the Company may experience significant disruptions due to transaction related uncertainty, industry conditions, tariff wars or other factors; the ability to enforce the writ of attachment granted to the Company; the timing set for various reports and/or other matters with respect to the Sale Process may not be met; the ability of the Company to otherwise participate in the Sale Process (and related costs associated therewith); the amount, if any, of proceeds associated with the Sale Process; the competing claims of other creditors of Venezuela, PDVSA and the Company, including any interest on such creditors' judgements and any priority afforded thereto; uncertainties with respect to possible settlements between Venezuela and other creditors and the impact of any such settlements on the amount of funds that may be available under the Sale Process; and the proceeds from the Sale Process may not be sufficient to satisfy the amounts outstanding under the Company's September 2014 arbitral award and/or corresponding November 15, 2015 U.S. judgement in full; and the ramifications of bankruptcy with respect to the Sale Process and/or the Company's claims, including as a result of the priority of other claims. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. For a more detailed discussion of the risk factors affecting the Company's business, see the Company's Management's Discussion & Analysis for the year ended December 31, 2024 and other reports that have been filed on SEDAR+ and are available under the Company's profile at Article content Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to Gold Reserve or persons acting on its behalf are expressly qualified in their entirety by this notice. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to its disclosure obligations under applicable rules promulgated by applicable Canadian provincial and territorial securities laws. Article content Article content Article content Article content
Globe and Mail
18 minutes ago
- Globe and Mail
GME Earnings: GameStop Reports Mixed Financial Results and 4,710 Bitcoin
GameStop's (GME) share price is down about 5% after the video game retailer reported mixed first-quarter financial results. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The Texas-based company announced earnings per share (EPS) of $0.09, which topped the $0.04 consensus expectation of analysts. However, revenue for the quarter came in at $732.4 million, which was below the consensus Wall Street estimate of $754.2 million. The company also reported an improved operating margin of -1.5%, which was up from -5.7% in the same quarter of 2024. GameStop's free cash flow at the end of the quarter totaled $189.6 million, which was a big improvement from negative -$114.7 million a year earlier. GameStop's profitability. Source: Main Street Data Bitcoin Purchases Along with its financial results, GameStop disclosed that it bought 4,710 Bitcoins (BTC) between May 3 and June 10 of this year. It's not known what the average purchase price of the Bitcoin was. However, GameStop's BTC holdings are currently worth $516.6 million based on the current price of Bitcoin. GameStop announced previously that it planned to begin buying and holding cryptocurrencies, adopting a similar playbook to that of software developer turned serial BTC acquirer Strategy (MSTR). GameStop has said it plans to use its excess cash to make investments in risk assets such as crypto and stocks. The company made its first Bitcoin investment in May of this year. Is GME Stock a Buy? Currently, only one Wall Street analysts offers a rating and price target on GME stock. So instead, we'll look at the stock's three-month performance. As one can see in the chart below, GameStop's share price has gained 33% over the last 12 weeks.
