Cat in transformer knocks out power to hundreds east of St. Thomas
Hydro One crew members work on the transformer on Yarmouth Centre Road ion Saturday, May 17, 2025. (Source: Brent Lale/CTV London)
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CTV News
9 hours ago
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CTV National News: F1 Academy debuts at Canadian Grand Prix, driving momentum for women in racing
Watch Montreal hosts its first F1 Academy at the Canadian Grand Prix, spotlighting rising stars in women's motorsport. Matt Grillo has more.
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13 hours ago
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Why Netflix Should Replace Tesla in the "Magnificent Seven"
Looking back over the past decade and beyond, I don't think there are many folks out there who would deny just how impressive Tesla 's success has been. This innovative business, led by polarizing CEO Elon Musk, disrupted the global auto industry with its electric vehicles (EVs). While the EV stock trades 32% below its peak (as of June 10), that's still a gain of 1,810% in the past 10 years. That long-term performance made it one of the world's largest tech companies, which is why Bank of America analyst Michael Hartnett gave it a spot in the " Magnificent Seven" when he introduced the idea of the group in 2023. However, I think it's time to swap the EV maker out of this unofficial grouping and replace it with the more-deserving Netflix (NASDAQ: NFLX). Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Tesla's struggles are hard to ignore Over the years, Tesla shareholders grew used to seeing the company register jaw-dropping sales growth. The picture isn't so rosy anymore, though. Its automotive revenue declined 20% year over year in Q1. In 2024, it reported its first-ever year-over-year drop in deliveries. And the company's profitability has continued to slide as higher interest rates and a more competitive environment have put downward pressure on demand for its vehicles. Musk's push in the political arena might at first have been viewed positively by some investors, as he was positioning himself to have more influence in Washington, D.C., which could have benefited Tesla from a regulatory perspective. But both his time in President Donald Trump's inner circle and his more recent exit from politics, as well as his highly public spat with Trump, have been huge distractions that have certainly damaged Tesla's brand instead. It's safe to say that a company that was once in the fast lane is now stuck in traffic. Tesla will have a lot of work to do in order to get back to its prior glory. Netflix just keeps winning While Tesla faces a battle to get itself back on track, Netflix continues to flourish. The streaming stock is up 1,200% in the last decade. The company added 41 million net new customers in 2024, bringing its total to nearly 302 million at year's end. While Netflix chose to stop publicly reporting the number of subscribers it has starting this year, it did increase revenue by 12.5% year over year in the first quarter. It might seem like this streaming platform has saturated its market. However, co-CEO Greg Peters believes there are still "hundreds of millions of folks to sign up." By continuing to focus on creating compelling content offerings all over the world, Netflix is in a position to keep its expansion going. Wall Street's consensus analyst estimates are for its revenue to rise at a compound annual rate of 12.3% between 2024 and 2027. The streaming industry, like the automotive market, is extremely competitive. Netflix co-founder and former CEO Reed Hastings previously said that he counts sleep among the company's key competitors. I don't believe this was a stretch. Netflix goes up against all the other activities consumers can do when it's time to wind down and relax. But to be more specific, people have an almost unlimited number of viewing options at their fingertips today. Netflix is in the lead, though. Data from Nielsen shows that Netflix commanded 7.5% of video viewing time in the U.S. in April, only behind YouTube, which isn't necessarily an apples-to-apples comparison due to the latter largely featuring user-generated content. With its massive subscriber base, and trailing 12-month revenue of $40 billion, Netflix has the financial strength to spend a lot on content and marketing. And it's still able to bring in billions in free cash flow each year. It's important to highlight that the "Magnificent Seven" is not an official index like the S&P 500 is. However, with each passing quarter, Netflix continues to make the case that it deserves to be mentioned with the tech giants in that group. Given the streaming pioneer's ongoing success, it belongs in that exclusive club instead of Tesla. Should you invest $1,000 in Netflix right now? Before you buy stock in Netflix, 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 Netflix 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 $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor 's total average return is988% — a market-crushing outperformance compared to172%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 June 9, 2025
CBC
14 hours ago
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Mercedes' George Russell takes pole for second straight year at Canadian GP
Mercedes driver George Russell stormed to pole position for the second consecutive year Saturday in qualifying at the Canadian Grand Prix. Russell clocked a blistering lap of one minute 10.899 seconds around Circuit Gilles Villeneuve, finishing 0.160 ahead of three-time defending Canadian GP winner Max Verstappen of Red Bull. Formula One leader Oscar Piastri of McLaren (1:11.120) rounded out the top three on a sunny, 22 C afternoon in Montreal. Piastri leads teammate Lando Norris by 10 points in the drivers' standings. Norris qualified a disappointing seventh. Mercedes' Kimi Antonelli was fourth, Ferrari's Lewis Hamilton finished fifth and Aston Martin's Fernando Alonso will start sixth. Ferrari's Charles Leclerc, Racing Bull's Isack Hadjar and Williams' Alex Albon filled out the top 10. Russell claimed his first pole this season — and sixth of his career. He and Verstappen both set identical laps last year to qualify at the front of the grid, but Russell got the edge by setting his lap first. Stroll's return to racing Aston Martin's Lance Stroll — the lone Canadian on the 20-driver grid — was eliminated in the first round and is expected to start 17th. Stroll returned to racing this weekend after undergoing a minor wrist procedure and missing the Spanish Grand Prix earlier this month. Red Bull's Yuki Tsunoda will start last after receiving a 10-place grid penalty for red flag infringement during the final free practice session earlier Saturday. McIntosh in attendance Star swimmer Summer McIntosh, fresh off breaking three world records in one week at the Canadian swimming trials, watched the qualifying session from the back of Red Bull's garage while decked in the team's merchandise. Russell finished third in last year's race behind Verstappen and Norris. The pole winner had crossed the finish line first in each of the previous seven Canadian GPs, only Sebastian Vettel didn't win the race in 2019 due to a five-second penalty. This year's Canadian GP is the 10th stop of the 24-race championship. McLaren holds a sizable 197-point lead over Ferrari in the constructors' standings.
