Unifor mourns the loss of Buzz Hargrove, tireless champion of workers' rights
TORONTO, June 15, 2025 /CNW/ - Unifor is deeply saddened to learn of the passing of Basil "Buzz" Hargrove, a beloved and iconic figure in Canada's labour movement. As National President of the Canadian Auto Workers (CAW) from 1992 until his retirement in 2008, Buzz was a tireless advocate for working people and a deeply respected leader whose impact will be felt for generations.
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Globe and Mail
27 minutes ago
- Globe and Mail
Will IonQ Stock Trounce Palantir in the Second Half of 2025?
Few stocks have been as hot as Palantir Technologies (NASDAQ: PLTR) in 2025. Shares of the artificial intelligence (AI) software company have skyrocketed close to 80% year to date. However, if we only look at the last three months, IonQ (NYSE: IONQ) has been an even bigger winner than Palantir. Will IonQ stock trounce Palantir in the second half of 2025? 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 » A tale of two technologies One of the best ways to succeed in investing is to spot rising stars in up-and-coming industries. IonQ and Palantir fit the bill to a T. IonQ is a pioneer in quantum computing. The technology is based on some truly mindblowing physics principles, notably including quantum entanglement, a state in which two particles are connected no matter how far apart they are. Quantum computing holds the potential to revolutionize multiple areas, from AI to climate modeling to drug discovery. IonQ's technology has a leg up on its rivals with its low error correction overhead. Its quantum hardware is available on all three of the largest cloud platforms, a claim that no other quantum computing company can make. Meanwhile, Palantir Technologies is a leader in AI and data analytics software. The company's Gotham and Foundry software platforms help customers transform large amounts of information into an integrated data asset. Its Artificial Intelligence Platform uses large language models (LLMs) alongside Gotham and/or Foundry. Palantir Apollo coordinates the delivery of software updates and platform configurations of critical systems. AI is already helping commercial and government organizations achieve significant operational efficiencies. However, the long-term opportunities with AI could go much further, including designing entirely new products and performing tasks that previously could only be handled by humans. How IonQ and Palantir stack up against each other IonQ is much smaller than Palantir. Its market cap is hovering around $10 billion versus a market cap of $319 billion for Palantir. Both companies boast an impressive lineup of customers. IonQ's customers and partners include Accenture, Goldman Sachs, and Hyundai. Palantir's biggest customer is the U.S. government. It has also attracted many commercial customers, including AIG, Archer Aviation, and Citigroup. When it comes to financials, Palantir outclasses IonQ considerably. The software company generated revenue of $884 million in the first quarter of 2025, up 39% year over year. IonQ's Q1 revenue of $7.6 million was lower than its prior year period total. Palantir is also highly profitable, while IonQ isn't. In Q1, Palantir reported earnings of more than $214 million. IonQ posted a net loss in Q1 of $32.3 million. But what about growth prospects? IonQ appears to hold the advantage. The company expects its full-year revenue will soar roughly 98% year over year in 2025. Palantir projects revenue growth this year of around 36%. Both stocks are valued at a high premium. IonQ's price-to-sales (P/S) ratio is 201 compared to Palantir's P/S multiple of around 109. However, Palantir's anticipated stronger growth could make its valuation more attractive than Palantir's. Which stock will be the bigger winner? I think both IonQ and Palantir Technologies stocks could keep their momentum going in the second half of the year. Both are risky bets, though, because of their nosebleed valuations. Which is more likely to be the bigger winner by the end of 2025? It could be Palantir, especially if President Trump's "One, Big, Beautiful Bill" becomes law and the company wins a major contract to help develop the Golden Dome missile defense system. However, I'll go out on a limb and pick IonQ over Palantir, although I wouldn't go as far as to predict IonQ stock will trounce Palantir. To be sure, IonQ must deliver on its revenue growth projections for its stock to beat Palantir. If it does, though, this small quantum computing stock could become even hotter than it's been in recent months. Should you invest $1,000 in IonQ right now? Before you buy stock in IonQ, 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 IonQ 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 Citigroup is an advertising partner of Motley Fool Money. Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Accenture Plc, Goldman Sachs Group, and Palantir Technologies. The Motley Fool has a disclosure policy.
CTV News
32 minutes ago
- CTV News
Rotting fish-sauce plant whose stench torments Newfoundland town will be cleaned up
Bottles of the fish sace produced at a long-abandoned plant in St. Mary's, N.L., are shown strewn outside the building on Thursday June 12, 2025. THE CANADIAN PRESS/Sarah Smellie ST. MARY'S — A coastal Newfoundland town besieged for decades by the fetid stench wafting from an abandoned fish-sauce factory has finally received good news. Steve Ryan, the mayor of St. Mary's, N.L., said he nearly broke down in tears when officials with the Newfoundland and Labrador government told him the province would foot the bill to clean up the festering site. The promise brings residents close to the end of a decades-long ordeal that has kept them indoors on beautiful days, lest the smell get in their hair and clothes. 'I get emotional just talking about it,' the 53-year-old said, shaking his head outside his grocery store a few minutes from the town. 'It's an everyday thing with the smell — people can't do normal stuff, like have a barbecue on their deck or hang out their laundry,' he added. 'It gets into your nose, it gets into your mouth, it just gags you.' The decaying Atlantic Seafood Sauce Company Ltd. building sits on the shoreline of the town of about 300 people, just steps away from the ocean. It first opened in 1990, bringing about two dozen much-needed jobs to the area, Ryan said. But the owner abandoned it about a decade later, after extended legal battles about food safety complaints. More than 100 oozing vats of fermenting fish remain in the crumbling building. Liquids from the 11,500-litre tanks once ran into the harbour through a broken drain pipe, but the federal fisheries department demanded the run-off system be sealed with concrete, Ryan said. Now the fluids pool in the plant, creating a putrid stew roughly 30 centimetres deep, Ryan said. On a warm Thursday afternoon last week, the odour inside the building was dense and wet, as if it could be squeezed through the fingers of a fist. It was a good day, Ryan said. In the late summer and fall, when the winds are blowing just right, the smell engulfs the nearby houses, school and baseball field. St. Mary's is a quiet, picturesque town on a sparkling ocean inlet, just minutes away from a whale-watching beach popular with tourists and locals. It would be a perfect spot for a few B&Bs, but the smell discourages anyone from trying to attract visitors, Ryan said. 'How would you advertise?' he asked. 'Look what we have as our view and our smell?' But now there is hope. A spokesperson with Newfoundland and Labrador's Department of Environment and Climate Change confirmed Friday the province has told the town to issue a request for proposals for a consultant to plan and oversee the plant's cleanup. Money for the remediation work has been set aside in the provincial budget. Ryan credited former premier Andrew Furey for taking an interest and setting the funds aside. International media attention helped too, he said. 'To be forgotten about for so long, and all of a sudden now … being successful in getting this cleanup funded,' his voice trailed off and he shook his head again. 'Over the past 10 years, we've dealt with two or three ministers, two or three premiers, a couple of federal ministers that ... were in no way helpful, they probably held us up,' he added. Ryan wouldn't say how much he expects it to cost — he doesn't want to jeopardize the town's chances of getting a good price the province can afford, he said. But previous assessments indicate it may exceed $1 million. It's a price tag far out of reach for the volunteer council in a town with just a few hundred tax payers, he said. The municipality voted to take ownership of the site earlier this year, he said. It was the only way the province could then step in and help clean it up. Once the work is done, he hopes the council will put the plant site up for auction and another business will step in. But they'll have to have a clear exit plan so the situation doesn't happen again, he said. In the meantime, residents know the smell will likely get worse as the site is torn apart before it gets better, Ryan said. 'We have no issue with that,' he said. 'This has got to be done.' This report by The Canadian Press was first published June 16, 2025. Sarah Smellie, The Canadian Press
CBC
40 minutes ago
- CBC
Thousands of N.L. commercial trade workers looking for work as megaprojects wrap up
Trades N.L. estimates 74 per cent of its members are out of work in this province. The CBC's Jenna Head takes a look at the reasons why, and how they're keeping their skills sharp.
