
'Always think about the people': City of Waterloo remembers former mayor James Bauer
In 1960, James Bauer was just 31 years old when he was elected as Waterloo's mayor.
Today, he still holds the record for being the youngest mayor to ever hold the title in that city.
The former alderman and family businessman passed away on Thursday at age 95.
In his obituary, he's remembered as a dedicated and well-loved husband, father and grandfather. In a statement released Monday, officials at the City of Waterloo said he will be mourned as a man of vision.
The release details the projects Bauer spearheaded during his time as mayor. These range from the development of Waterloo Square in 1961, a project that would be "deemed as one of the most courageous and ambitious ever undertaken by any North American municipality," to the development of new residential areas, a sewage disposal plant and additions to Waterloo Collegiate Institute in 1965.
He would later serve as chairman of the Grand River Conservation Authority (GRCA) for 25 years, and then take up various roles within the Canadian Water Resources Association, including executive director, until his retirement.
The city's release said Bauer spent "considerable time during his tenure as mayor promoting improved planning for the future betterment of Waterloo."
Current Mayor Dorothy McCabe said that when she spoke with Bauer in 2023, his advice to her was to "always think about the people."
"He really did have a good vision for a city that was much smaller than Waterloo is now, but had a really good vision for what it could look like in the future," McCabe said.
"The changes that they made under his leadership in the early 1960s really changed Uptown and laid out the framework for what it is today. So we really thank him for his service, thank his family and offer our condolences at this time."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Cision Canada
10 hours ago
- Cision Canada
ADF GROUP INC. ANNOUNCES RESULTS FOR THE FIRST QUARTER ENDED APRIL 30, 2025 Français
QUARTER HIGHLIGHT Revenues of $55.5 million, down from the same period last year, in line with the uncertainty related to the U.S. tariffs. Gross margin, as a percentage of revenue (1) stood at 22.0%, compared to 29.2% a year ago. Cash flow from operations of $25.3 million. Net income of $8.7 million, down compared to April 30, 2024. Order Backlog (1) at $330.4 million as at April 30, 2025, up compared with January 31, 2025. All amounts are in Canadian dollars unless otherwise noted. TERREBONNE, QC, June 10, 2025 /CNW/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), a North American leader in the fabrication of steel superstructures, recorded revenues of $55.5 million for the first quarter ended April 30, 2025, compared to $107.4 million for the same period a year earlier. Gross margin, as a percentage of revenue (1) went from 29.2% for the three (3) months ended April 30, 2024, to 22.0% for the same period ended April 30, 2025. These variations are attributable to the direct and indirect impacts of the U.S. tariffs. Although the Corporation's order backlog (1) is more than adequate, exceeding $300 million as at April 30, 2025, the uncertainty surrounding the application and functioning of these tariffs has caused an unrecoverable delay in fabrication hours, mainly at ADF's plant in Terrebonne, Quebec. The decline in revenues forced the Corporation to take contingency measures and initiate a work-sharing program at its Terrebonne plant. This program has allowed the Corporation to mitigate the negative impacts of the decrease in fabrication hours, however not entirely. The tariffs also had an indirect negative impact on the Corporation's margins, which is caused by the increase in the price of steel sold by U.S. steel mills. Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) (2) amounted to $10.4 million, or 18.7% of revenues, compared with $23.1 million or 21.5% of revenues on April 30, 2024. For the first quarter ended April 30, 2025, ADF recorded net income of $8.7 million ($0.30 per share basic and diluted) compared to net income of $15.3 million ($0.47 per share basic and diluted) for the same period a year earlier. As at April 30, 2025, the Corporation's order backlog (1) was $330.4 million, up compared with January 31, 2025, when the order backlog stood at $293.1 million. As at April 30, 2025, the Corporation had working capital (1) of $108.6 million while operating activities generated cash of $25.3 million during the three (3) month period ended April 30, 2025, closing the same quarter with cash and cash equivalents of $75.3 million. Financial Highlights (1) Adjusted EBITDA is a non-IFRS financial measure. Refer to the "Non-IFRS Financial Measures and Other Financial Measures" section of this press release for the definition of this indicator. U.S. Tariffs In recent months, the tariff measures put in place by the US authorities have been marked by frequent and sometimes unpredictable developments. In this context, and now that the official documents have been published and interpreted by the Corporation's customs experts, Management has a clearer view of the different impacts of these tariffs, including the impact of the announcements in the recent weeks. The products exported by ADF comply with the requirements of the Canada-United States-Mexico Agreement (USMCA). As a result, they are only subject to the specific steel tariffs, set at 25% by U.S. Government Proclamation 10896. These duties only apply if the raw materials used are not smelted and poured in the United States. However, ADF generally obtains steel from US-based mills and has done so for several years. Thus, when this condition is met, ADF's exports are exempt from these duties, allowing the Corporation to maintain its competitiveness in the U.S. market. At the same time, the Canadian government introduced countermeasures in the form of surtaxes on steel imports from the United States. However, these surcharges are recoverable upon exports. To facilitate the management of these costs for manufacturers, a remission order has been issued, allowing for immediate relief from these surtaxes at the time of import. Outlook "Given the circumstances, and more particularly the uncertainty related to U.S. tariffs, we are pleased with the results of the first quarter of our current fiscal year, which ended on April 30, 2025. We were able to generate cash, while continuing our normal course issuer bid program, which we have completed since the close of the first quarter" indicated Mr. Jean Paschini, Chairman of the Board of Directors and Chief Executive Officer. " We closed our first quarter with an order backlog (1) of $330.4 million, allowing us to expect an increase in revenue and profitability for the second half of our fiscal year ending January 31, 2026" concluded Mr. Jean Paschini. Dividend On April 9, 2025, ADF Group's Board of Directors approved the payment of a semi-annual dividend of $0.02 per share, which was paid on May 15, 2025, to Shareholders of Record as at April 24, 2025. Conference Call with Investors A conference call with investors is scheduled today, April 10, 2025, at 10 a.m. (Montreal time) to discuss the results of the quarter ended April 30, 2025. To join the conference call without operator assistance, you can register with your phone number on to receive an instant automatic reminder. You can also join the conference call with operator assistance by dialing 1-800-990-4777 a few minutes prior to the conference call scheduled start time. A replay of this conference call will be available from 1:00 p.m. on June 10, 2025, until June 17, 2025, by dialing 1-888-660-6345, followed by access code 63247#. The conference call (audio) will also be available at the Members of the media are invited to join in listening mode. ANNUAL GENERAL MEETING OF SHAREHOLDERS FOR THE FISCAL YEAR ENDED JANUARY 31, 2025 ADF Group Inc.'s Annual Meeting of Shareholders will be held on: About ADF Group Inc. | ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. ADF Group Inc. is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors. The Corporation operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. Forward-Looking Information | This press release contains forward-looking statements reflecting ADF's objectives and expectations. These statements are identified by the use of verbs such as "expect" as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF's expectations. Non-IFRS Financial Measures and Other Financial Measures | Are measures derived primarily from the consolidated financial statements but are not a standardized financial measure under the financial reporting framework used to prepare the Corporation's financial statements. Therefore, readers should be careful not to confuse or substitute them with performance measures prepared in accordance with IFRS. In addition, readers should avoid comparing these non-IFRS financial measures to similarly titled measures provided or used by other issuers. The definition of these indicators and their reconciliation with comparable International Financial Reporting Standards measures issued by the International Accounting Standards Board ("IFRS Accounting Standards") is as follows: Adjusted EBITDA shows the extent to which the Corporation generates profits from operations, without considering the following items: Net financial expenses; Income taxes expense ; Foreign exchange losses, and Depreciation and amortization of property, plant and equipment, intangible assets, and right-of-use assets. Net income is reconciled with adjusted EBITDA in the table below: Gross Margin as a Percentage of Revenues Gross margin as a percentage of revenue indicator is used by the Corporation to assess the level of profitability for a given period based on the project mix for that same period. This indicator is subject to fluctuations in project prices and also in the operational efficiency of the Corporation. The indicator of gross margin as a percentage of revenues results from dividing gross margin by revenues. Order Backlog The order backlog is a measure used by the Corporation to assess future revenue levels. The order backlog includes firm orders obtained by the Corporation, either through a firm contract or a formal notice to proceed confirmed by the client. The order backlog disclosed by the Corporation therefore includes the portion of confirmed contracts that have not been put into production. Working Capital The working capital indicator is used by the Corporation to assess whether current assets are sufficient to meet current liabilities. It is therefore equal to current assets, less current liabilities. SOURCE ADF Group Inc.


Cision Canada
11 hours ago
- Cision Canada
Frugal Fun in the Sun: CIBC poll finds Canadians prioritizing saving over spending this summer Français
TORONTO, June 4, 2025 /CNW/ - As the weather warms, a new CIBC poll finds that Canadians' sentiments on summer spending are tepid with 88 per cent concerned about how the cost of living will impact summer enjoyment. With expenses being top of mind for many, two thirds of Canadians (67 per cent) are focused on saving rather than spending this season. Canadians plan to allocate most of their funds to everyday expenses, such as gas and groceries with nearly half (46 per cent) trying to reduce daily spending and over a quarter (30 per cent) delaying major purchases. Top expenses Canadians are looking to better manage: Everyday expenses such as gas and groceries Dining out Travel International travel is taking a backseat this year, with two thirds of Canadians (65 per cent) opting to stay local and only 14 per cent planning to travel to the US this summer. Despite economic challenges, Canadians are finding a number of ways to have fun this summer without splurging, such as reducing daily spending, budgeting more strictly, seeking out deals and planning local experiences. "The desire to manage costs is influencing spending decisions for Canadians, and it's understandable that many are looking for ways to optimize their finances and make the most of summer without blowing their budget," said Carissa Lucreziano, Vice-President, Financial Planning and Advice, CIBC. "Establishing a budget and setting savings goals can help ensure that you're on track to meet your financial ambitions while still enjoying a savings savvy summer." Polling found that despite Canadians feeling uncertain about the economic landscape, two thirds (65 per cent) feel prepared to manage their finances this summer. Other key poll findings: 76 per cent find it harder than ever to save money 72 per cent describe the current economic mood negatively 68 per cent are worried about interest rates Disclaimer: The findings are from an Ipsos poll conducted between April 14th and April 22nd, 2025, on behalf of CIBC. For this survey, a sample of 1,500 Canadians aged 18+ were interviewed online. Sample was sourced from the Ipsos panel. Weighting was employed to balance demographics to ensure that the sample's composition reflects that of the adult population according to Census data and to provide results intended to approximate the sample universe. The precision of Ipsos online polls is measured using a credibility interval. In this case, the poll is accurate to within ±3.1 percentage points, 19 times out of 20, had all Canadians been polled. The credibility interval will be wider among subsets of the population. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at


Vancouver Sun
a day ago
- Vancouver Sun
Air Canada adds new flights to popular European destinations
Air Canada's inaugural flight from Montreal to Porto, Portugal, on June 4 has added to the air carrier's growing list of new and existing European destinations. 'We are delighted to be returning to Porto, marking our newest Europe route this summer and second destination in Portugal,' said Mark Galardo, executive vice – president and chief commercial officer and president, cargo. 'We design routes like this one to appeal to our customers throughout our North American network, with convenient travel options at our Montreal hub. A world heritage city and gateway to Portugal's northern region, Porto offers an array of history, culture, outdoor adventures and gastronomic experiences.' Air Canada 's return to Porto complements its existing flights from Montreal and Toronto to Lisbon. Other new European routes announced for this summer include the launch of its Naples route in May and the return of the Ottawa to London LHR route in April. In addition, Air Canada recently launched its Toronto to Prague route, while the carrier's Montreal to Edinburgh route is set to launch at the end of the month. Plan your next getaway with Travel Time, featuring travel deals, destinations and gear. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Travel Time will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The Porto flights will be operated on Air Canada's Airbus 330-300. Customers can choose from three classes of service: economy, premium economy and Air Canada signature class, offering customers superior comfort and convenience in an exclusive cabin, with spacious lie-flat seating, personalized service, fine cuisine, extra baggage allowance and access to priority airport services.