logo
In the news today: Local news continues shrinking, P.M.'s blind trust explained

In the news today: Local news continues shrinking, P.M.'s blind trust explained

Yahoo20-03-2025

Here is a roundup of stories from The Canadian Press designed to bring you up to speed...
Local news coverage in steep decline: report
The number of local news outlets has been in significant decline in Canada, leaving suburban residents in particular "starving" for local coverage, a new report found — and creating gaps for misinformation to take hold.
The report by the Canadian Centre for Policy Alternatives found that almost 2.5 million Canadians live in a postal code with either one or zero local news outlets, double the proportion from 2008.
Put bluntly, 'local news is dying,' said David Macdonald, report co-author and CCPA senior economist.
'Without local news, disinformation, often from social media, will happily fill the void of high-quality, trusted local news.'
Mark Carney's blind trust, explained
Prime Minister Mark Carney's critics have been asking pointed questions lately about the assets in the former central banker's blind trust — a tool meant to allow politicians to avoid conflicts of interest.
How do blind trusts work?
A trust is a legal arrangement that forms whenever a beneficiary's assets, like stocks and bonds, are managed by a trustee.
In a blind trust, an individual's assets are managed by an arm's-length third party with no pre-existing personal or professional relationship with the beneficiary.
That third-party adviser manages the individual's assets — making trades and sales and purchasing new investments — all without the beneficiary's knowledge for as long as the trust is in place.
Tariffs pose risk for Canada's greenhouse sector
U.S. tariffs on Canadian goods pose a big risk for the greenhouse sector, which relies heavily on exports south of the border and would suffer if importers buy less because of the trade war.
'These tariffs have some significant consequences,' said Richard Lee, executive director of Ontario Greenhouse Vegetable Growers. Ontario grows the majority of greenhouse vegetables in Canada.
The three-day tariffs that were in place earlier this month cost the Ontario greenhouse sector more than $6 million, Lee said.
On March 4, U.S. President Donald Trump enacted tariffs on Canadian and Mexican imports. Just two days later, he announced a one-month pause on goods that meet the rules-of-origin requirements under the Canada-U.S.-Mexico Agreement.
Quebec to table bill to strengthen secularism
The Quebec government will table new legislation today to strengthen secularism in the province's schools.
Education Minister Bernard Drainville says that religious accommodations have no place in Quebec schools and that science, sex education and gender equality must be taught properly.
The government is planning to update Quebec's Education Act following a controversy over reports of religious practices at several of the province's public schools.
Drainville says he was "stunned" to learn about the situation at Bedford elementary school in Montreal, after a government report last fall documented a toxic climate created by a group of teachers.
Manitoba budget to include payroll tax cut
The Manitoba budget to be released Thursday is expected to include help for businesses and new spending to create infrastructure jobs.
The spending plan will reduce the Health and Post Secondary Education Tax Levy -- commonly called the payroll tax -- for roughly one-thousand businesses, a government source told The Canadian Press.
The threshold at which businesses begin to pay the tax will rise to $2.5 million of annual payroll from the current $2.25 million, and the threshold at which a second rate kicks in will rise to $5 million from the current $4.5 million, the source said.
The source spoke on condition of anonymity because they were not authorized to speak on the record.
Premier Wab Kinew recently appeared to leave the door open to phasing out the tax entirely over time.
School support workers union ratifies new deal
The union for school support staff in Edmonton says its 3,000 members are to return to work Thursday after ratifying a new deal with the public school board.
Members voted 93 per cent in favour of the new deal, which the Canadian Union of Public Employees has said includes a higher wage package.
Workers from the Parkland and Black Gold school divisions also ratified deals and will return to work Thursday, while those at the Calgary Board of Education accepted an agreement and are back at work Friday.
A tentative deal has been reached with the union chapter representing the Foothills School Division, the last of the nine striking school divisions to reach an agreement.
---
This report by The Canadian Press was first published March 20, 2025
The Canadian Press

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The North American Tariff Backfire
The North American Tariff Backfire

Wall Street Journal

time31 minutes ago

  • Wall Street Journal

The North American Tariff Backfire

Canada's Prime Minister Mark Carney has extended a somewhat unusual invitation to Mexico's President Claudia Sheinbaum to attend the Group of Seven meeting later this month in Kananaskis, Alberta. Mexico has been a G-7 guest before, but is far from a regular at the annual confab. The Carney outreach to Ms. Sheinbaum looks like a Canadian attempt to double-team President Trump on trade. It isn't a bad idea. The U.S.-Mexico-Canada Agreement is up for review in 2026, and now's a good time for the smaller partners, who are crucial to American competitiveness globally, to lay down some markers.

Sen. Cory Booker calls Los Angeles riots 'peaceful,' slams Trump for deploying National Guard
Sen. Cory Booker calls Los Angeles riots 'peaceful,' slams Trump for deploying National Guard

Yahoo

timean hour ago

  • Yahoo

Sen. Cory Booker calls Los Angeles riots 'peaceful,' slams Trump for deploying National Guard

Sen. Cory Booker, D-N.J., suggested the Los Angeles riots that have wreaked havoc on the city are "peaceful" on NBC's "Meet the Press," Sunday, and accused President Donald Trump of "sowing chaos" with his nationwide crackdown on illegal immigration. "The reality is, we see peaceful protests launching in Los Angeles," the New Jersey senator said, "A lot of these peaceful protests are being generated because the president of the United States is sowing chaos and confusion by arresting people who are showing up for their immigration hearings." The City of Angels was plunged into chaos over the weekend after hundreds of rioters violently clashed with federal immigration authorities, attempting to impede their ability to carry out deportations. Federal Officials Slam Democrats For 'Dangerous' Rhetoric As Ice Agents Face Violent Mobs In La, Nyc Federal agents attempted to disperse the belligerent rioters with flash grenades and tear gas on Saturday. In Compton, rioters set a car on fire and two motorcyclists circled the flaming wreck while waving a Mexican flag. Elsewhere, anti-ICE rioters attempted to block a federal bus carrying illegal immigrants, physically pushing against the vehicle as it inched forward. One rioter hurled rocks through the windshield of a Border Patrol pickup truck, wounding the agents inside. Images released by the Department of Homeland Security show buildings throughout LA that have been defaced with graffiti of violent messages like "Kill ICE." Read On The Fox News App "Now they know that they cannot go to anywhere in this country where our people are, and try to kidnap our workers, our people – they cannot do that without an organized and fierce resistance" a rioter told Reuters. Trump deployed 2,000 federalized National Guard troops to the scene against the wishes of California Gov. Gavin Newsom and Los Angeles Mayor Karen Bass, who the president claimed weren't doing their jobs. "If Governor Gavin Newscum, of California, and Mayor Karen Bass, of Los Angeles, can't do their jobs, which everyone knows they can't, then the Federal Government will step in and solve the problem, RIOTS & LOOTERS, the way it should be solved!!!" Trump posted on TruthSocial. Newsom spoke out against Trump's deployment, saying that the president was only sending in the National Guard because he wanted a "spectacle." "The federal government is taking over the California National Guard and deploying 2,000 soldiers in Los Angeles — not because there is a shortage of law enforcement, but because they want a spectacle,' Newsom posted on X. Click Here For More Coverage Of Media And Culture Booker called Trump's response to the LA riots "hypocritical at best" due to his pardoning of the January 6 Capitol rioters. The Garden State senator said that Trump's deployment of the National Guard was a break from tradition and would only "incite" the situation. While Booker called the protests against ICE deportations "peaceful," he also called the attacks on law enforcement "unacceptable." Secretary of Defense Pete Hegseth threatened to deploy active-duty Marines to the scene if the violence was not quelled. Hegseth mocked Newsom in a post on X showing a picture of a group of rioters posing in front of a burning car waving a Mexican flag, saying, "Another 'mostly peaceful protest' brought to you by @GavinNewsom. DEPORT."Original article source: Sen. Cory Booker calls Los Angeles riots 'peaceful,' slams Trump for deploying National Guard

GreenPower Closes Third Tranche of Term Loan Offering
GreenPower Closes Third Tranche of Term Loan Offering

Yahoo

timean hour ago

  • Yahoo

GreenPower Closes Third Tranche of Term Loan Offering

VANCOUVER, BC, June 8, 2025 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the closing of the third tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $300,000 (collectively the "Loans"). Please refer to the Company's news release dated May 13, 2025 for more details regarding the term loan offering. In connection with the Loans, the Company entered into respective loan agreements with companies controlled by the CEO and a Director of the Company (the "Lenders"). Management anticipates that the Company will allocate the net proceeds from the Loans towards production costs, supplier payments, payroll and working capital. The Loans are secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of closing (the "Closing Date") to and including the date all of the Company's indebtedness pursuant to the Loans is paid in full. The term of the Loans will be two years from the Closing Date. As an inducement for the Loan, the Company issued 340,909 non-transferable share purchase warrants (each, a "Loan Bonus Warrant") to one of the Lenders. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a "Share") at an exercise price of U.S. $0.44 per Share for a period of twenty-four (24) months from the closing date of the Loan. In addition, one Lender will be issued an aggregate of 68,181 Shares (each a "Loan Bonus Share"). The Lenders are each considered to be a "related party" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and each of the Loans and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a "related party transaction" within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value, in each case, of the Loans, the Loan Bonus Warrants, and the Loan Bonus Shares, as applicable, is not more than 25% of the Company's market capitalization. All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan in accordance with applicable securities legislation. For further information contact: Fraser Atkinson, CEO (604) 220-8048 Brendan Riley, President(510) 910-3377 Michael Sieffert, CFO(604) 563-4144 About GreenPower Motor Company designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company's public documents filed on SEDAR+ at and with the United States Securities and Exchange Commission filed on EDGAR at Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ©2025 GreenPower Motor Company Inc. All rights reserved. View original content to download multimedia: SOURCE GreenPower Motor Company View original content to download multimedia:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store