
J.P. Morgan Asset Management Broadens Canadian ETF Offering with New Core Strategy
TORONTO, June 16, 2025 /CNW/ - J.P. Morgan Asset Management Canada (JPMAM) * has announced the launch of the JPMorgan US Core Active ETF (TSX: JCOR), further expanding its lineup of actively managed exchange-traded funds (ETFs) available to Canadian investors. JCOR has closed its initial offering of units and is now trading on the Toronto Stock Exchange.

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National Post
24 minutes ago
- National Post
Mitch Marner reportedly cancelling annual charity event an ominous sign for free agent
In another signal that the Mitch Marner era is over in Toronto, there were social media posts Monday that his annual All-Star Invitational event for his charitable foundation has been cancelled. Article content It was scheduled for July 10-11 at the Toronto Events Centre and usually has a number of NHL and special guests to meet and see compete. Article content Article content But there is not a mention of it now on Marner's Assist Foundation website amid speculation he'll be leaving July 1 as a free agent. Article content An unsourced statement said in part 'after thoughtful consideration we have made the difficult decision to cancel this year's event. The uncertainty around Mitch's summer schedule makes it challenging to plan responsibly. Article content 'Out of respect for the time and commitment of our partners and supporters, we feel it's best to make this decision now.' Article content Attempts to contact foundation representatives were not immediately returned, while a call by Postmedia to the Toronto Events Centre asking if the event was indeed shelved was referred back to Marner. Article content The clock has been ticking on Marner's decade as a Leaf since he was again not able to augment his regular-season production in key playoff games, particularly with goals. Article content Then came general manager Brad Treliving's post-season statement that a change in 'DNA' was needed on the roster, with the Leafs unable to get past the second round since Marner and the 'Core Four' Leafs came together in 2018. Article content While the Leafs are expected to at least discuss an offer of some kind, they're wary of over-paying him after putting down $11 million a season the past few years. Article content


Globe and Mail
28 minutes ago
- Globe and Mail
Leonard Lauder, philanthropist who globalized family cosmetic business, dies at age 92
NEW YORK (AP) — Leonard Lauder, a renowned philanthropist who expanded the family cosmetics business into a worldwide empire, has died at the age of 92. Estee Lauders Cos. announced the news in a release on Sunday and said he died on Saturday surrounded by family. Lauder, the oldest son of Estee and Joseph H. Lauder, who founded the company in 1946, formally joined the New York business in 1958. Over more than six decades, Lauder played a key role in transforming the business from a handful of products sold under a single brand in U.S. stores to a multi-brand global giant. He had held the title of chairman emeritus at the time of his death. Estee Lauder's products are sold in roughly 150 countries and territories under brand names including Clinique and Aveda, according to the company's latest annual report. The company generated sales of nearly $16 billion in the fiscal year ended June 30, 2024, the filing said. Estee Lauder went public in 1995, but members of Lauder family still have about 84% of the voting power of common stock, according to the latest annual filing. Lauder served as president of The Estée Lauder Cos. from 1972 to 1995 and as CEO from 1982 through 1999. He was named chairman in 1995 and served in that role through June 2009. Under his stewardship, Lauder created the company's first research and development laboratory, brought in professional management at every level, and was the impetus behind The Estée Lauder Cos.' international expansion, helping to spearhead the company's sales and profits exponentially, according to the company. Lauder led the launch of many brands including Aramis, Clinique, and Lab Series, among others. Until his death, he remained deeply involved in the company's acquisition strategy, including the acquisitions of such brands as Aveda, Bobbi Brown, Jo Malone London and MAC, the company said. During his years as chairman emeritus, Lauder was closely involved in the business and day-to-day operations and was a constant fixture at its global headquarters in New York and at its stores around the world until the time of his death, the company said. 'Throughout his life, my father worked tirelessly to build and transform the beauty industry, pioneering many of the innovations, trends, and best practices that are foundational to the industry today,' said William P. Lauder, son and chair of the board at The Estée Lauder Companies in a statement. 'He was the most charitable man I have ever known, believing that art and education belonged to everyone, and championing the fight against diseases such as Alzheimer's and breast cancer. ' Lauder was a longtime patron of the Metropolitan Museum of Art and, in 2013, pledged his 78-piece collection of Cubist art to the museum in the largest single philanthropic gift in the museum's history. He later added five major works to that pledged gift, the company said. In concert with his Cubist collection donation, he helped establish the Leonard A. Lauder Research Center for Modern Art at the Met to support a program of fellowships, focused exhibitions, and public lectures. He also was the Whitney Museum of American Art's chairman emeritus and a trustee from 1977 to 2011. Lauder was married to Evelyn H. Lauder, who had been the senior corporate vice president at the cosmetic company and the founder of the Breast Cancer Research Foundation, from 1959 until she passed away in 2011. On Jan. 1, 2015, Lauder married Judy Glickman Lauder, a philanthropist and internationally recognized photographer. Lauder was born in 1933 in New York City. He was a graduate of the Bronx High School of Science, the University of Pennsylvania's Wharton School, and the Officer Candidate School of the United States Navy. Lauder studied at Columbia University's graduate school of business. He served as a lieutenant in the U.S. Navy and as a Navy reservist, for which the U.S. Navy Supply Corps Foundation later recognized him with its Distinguished Alumni Award. In addition to his wife and son William, Lauder is survived by his other son Gary M. Lauder and wife, Laura Lauder; five grandchildren, two great-grandchildren, many stepchildren and step grandchildren, as well as his brother, Ronald S. Lauder, and wife, Jo Carole Lauder, and their daughters, Aerin Lauder and Jane Lauder.
38 minutes ago
Trump says he wants to 'get to the bottom' of new Canada-U.S. trade deal during G7 meeting - LIVE
The leaders of the U.S., U.K., France, Germany, Italy and Japan are joining Prime Minister Mark Carney in Kananaskis, Alta., for a meeting of the Group of Seven nations. The summit takes place over the next two days, with discussions focused largely on economic and security priorities. Before the summit officially begins, Carney has a tête-à-tête with U.S. President Donald Trump. The high-stakes bilateral meeting comes as Trump continues to impose punishing tariffs on Canadian steel and aluminum and the auto sector. The summit is also expected to draw protests, primarily in Calgary and nearby Banff, where organizers have established designated demonstration zones. Katie Simpson (new window) As soon as organizers and security gave the all clear, journalists rushed into the room where Mark Carney and Donald Trump were meeting, hoping to get a clear view of both leaders and their delegations. The U.S. president stood on one side of the room, with a delegation that included his chief of staff Susie Wiles and Secretary of State Marco Rubio. Carney and the Canadian delegation took up the opposite side of the room. The prime minister was joined by Dominic LeBlanc, the minister leading the Canada-U.S. trade talks, and Ambassador Kirsten Hillman. You could feel a sense of tension coming from the Canadian side, as Trump is unpredictable, and some of his public meetings with world leaders have been explosive. Trump repeatedly said former prime minister Justin Trudeau was involved in the decision to remove Russia from the G8, which is not true. (It happened during Stephen Harper's time in office.) Each time Trump made the reference, I looked at the faces of the Canadian delegation: No one flinched, no one said anything, as the U.S. president continued on. Carney mostly looked at Trump as he spoke during the brief question-and-answer session involving reporters. It was clear Carney wanted to keep that portion of the event short, as he stepped in to wrap it up after a handful of reporters got their questions in. Is a Canada-U.S. deal achievable? Michael Woods (new window) Asked what is holding up a deal with Canada, Trump said it's not a matter of it being held up, but rather different concepts. I have a tariff concept and Mark has a different concept, he said. We will see if we can get to the bottom of it today. Trump called himself a tariff man, saying they are simple, easy and precise. I think Mark has a more complex idea, but also very good. We are going to look at both and we'll see what we will come out with. The two sides are working on a trade-security agreement in the wake of Trump's tariffs, including on Canadian goods. Trump was then asked by the CBC's Katie Simpson whether Canada and the U.S. are within days or weeks of a deal. He suggested he believes it's achievable in that time frame, if both sides agree. Trump dives into talking about Russia Catharine Tunney (new window) Carney and Trump briefly spoke to reporters after their bilateral meeting Monday morning. Photo: Reuters / Kevin Lamarque In comments to the media, Trump immediately dove into saying it was a mistake to boot Russia from the G8 table, making it the current G7. He says there wouldn't be war in Ukraine if Russia hadn't been ejected. Russia was removed from the G8 in 2014 over its annexation of Crimea earlier that year. Trump wrongly said that decision was made by Trudeau; it was during Harper's time in office. Carney did not engage. Trump-proofing the G7 Ashley Burke (new window) Début du widget Widget. Passer le widget ? Fin du widget Widget. Retourner au début du widget ? I'm Ashley Burke, a senior reporter with the parliamentary bureau, in Kananaskis today at the G7 summit site. Prime Minister Mark Carney is attempting to Trump-proof the G7. He's not even going to try to get leaders to sign a joint communiqué, typically issued at the end of these summits. Instead, a senior Canadian official says they're opting for short, action-oriented statements. The move is an attempt to prevent a disaster like the last time Canada hosted in 2018. That G7 in Charlevoix, Que. — when Justin Trudeau was prime minister and U.S. President Donald Trump was in his first term — ended in disarray. Trump rescinded his support of the communiqué and lashed out at Trudeau, who, in a post-summit news conference, vowed to retaliate against U.S. tariffs at the time. (The outburst caught Canadian officials off-guard, as the prime minister had made similar remarks before.) Former Trudeau adviser Jason Easton worked on the U.S.-Canada file in later years. He said history has shown when Trump is at a G7, it's hard to reach a consensus on a statement. We've seen how that can disrupt the G7, particularly at the end, Easton said. What Prime Minister Carney is doing, what he's done from the start of his administration, is focus on actions, focus on deliverables. And I think he's taking a very businesslike approach to finding those areas where G7 leaders can agree we are going to jointly pursue action.