Sudbury making it easier for private developers to build housing
Northern Ontario Watch
With a change to financial incentives, the City of Greater Sudbury is making it easier for private developers to build new housing projects.
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National Post
39 minutes ago
- National Post
NuORDER by Lightspeed Expands Luxury Retail Footprint with Saks Global
Article content As part of an expanded partnership with Saks Global, Neiman Marcus and Bergdorf Goodman will now leverage NuORDER, advancing the company's efforts to reinvent luxury shopping Article content MONTREAL — NuORDER by Lightspeed, a leading global commerce platform that enables retailers and brands to connect, collaborate, and make smarter buying decisions, has established an expanded partnership with Saks Global. Saks Fifth Avenue has leveraged NuORDER to make informed buying decisions and enhance efficiency. Now, NuORDER's capabilities will be extended to Neiman Marcus and Bergdorf Goodman to help Saks Global further its efforts to reinvent the luxury shopping experience. Article content 'With the continuous evolution of luxury consumer shopping preferences, we're committed to building a luxury fashion assortment that is both relevant and inspiring for our customers,' said Paolo Riva, Chief Brand Partnerships & Buying Officer, Saks Fifth Avenue and Neiman Marcus. 'We're pleased to partner with NuORDER in our efforts to drive timely buying decisions in collaboration with our brand partners, enabling us to meet our customers with a refined edit of the latest fashion through highly personalized shopping experiences.' Article content Yumi Shin, Chief Merchandising Officer, Bergdorf Goodman, added, 'With NuORDER's innovative analytical capabilities, we are continuing to equip our teams with modern tools to ensure our customers' needs are met. We look forward to working with NuORDER to amplify our globally recognized curation and deliver the best in luxury, season-after-season.' NuORDER by Lightspeed has revolutionized the buying and merchandising process for retailers that operate multiple channels and cater to different markets while still delivering a strong, cohesive brand experience. By replacing outdated manual processes with a digital interface, NuORDER reduces operational costs significantly for retailers. Now, buying teams can easily plan and manage assortments across hundreds of brands, aligning their selections with the evolving tastes of today's luxury consumer. Brands and retailers can collaborate in real-time to curate hyper-personalized assortments based on live data and insights to drive profitability and speed up order writing to get the right products in front of the right customers at the right time. Article content 'Retailers are rethinking their wholesale strategies to become more precise, profitable, and brand aligned. We are proud that Saks Global continues to see NuORDER as a key part of their merchandising strategy,' said Chris Akrimi, General Manager of NuORDER by Lightspeed. 'By expanding our partnership to include Neiman Marcus and Bergdorf Goodman, Saks Global is reinforcing its commitment to smarter buying, faster go-to-market timelines, and delivering assortments that meet the moment.' Article content NuORDER by Lightspeed is a leading B2B commerce platform powering wholesale buying and selling. NuORDER offers a full suite of commerce solutions engineered to streamline the way brands sell their products all around the world while providing retailers with the insights they need to make better buying decisions. Today, more than 4,000 brands and more than 100,000 vetted retailers use NuORDER to transform their wholesale operations. Lightspeed acquired NuORDER in 2021. Article content Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale, and provide exceptional customer experiences. Lightspeed's cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions, and connection to supplier networks. Article content Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe, and Asia Pacific, the company serves retail, hospitality, and golf businesses in over 100 countries. Article content Follow NuORDER on social media: LinkedIn, Facebook, Instagram, and X. Article content Forward-Looking Statements Article content This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (' forward-looking statements '), including information regarding Lightspeed's product offerings and partnerships. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as 'will', 'expects', 'anticipates', 'intends', 'plans', 'believes', 'estimates' or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of Lightspeed's management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management's Discussion and Analysis of Financial Condition and Results of Operations, under 'Risk Factors' in our most recent Annual Information Form, and in our other filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission, all of which are available under our profiles on SEDAR+ at and on EDGAR at Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed's subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that Lightspeed considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by Lightspeed. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. Article content Article content Article content Article content
CBC
42 minutes ago
- CBC
Receiver moves to put Yukon's Eagle mine up for sale
Social Sharing Victoria Gold's receiver wants to put the Eagle mine in Yukon up for sale. In a new filing in Ontario's Superior Court of Justice, PricewaterhouseCoopers states the proposal is based on three "milestones." The territory forced Victoria Gold into receivership in a bid to thwart further environmental effects after part of the mine catastrophically failed almost exactly a year ago, with large amounts of cyanide solution and heavy metals seeping into the environment. The receiver has overseen work by contractors to stabilize the mine. Now, PricewaterhouseCoopers (PwC) states things have improved at the site, with emergency work expected to be completed by September 30. As well, the heap pond will soon be drained. The receiver also states the Independent Review Board has completed its investigation, which will be publicly available at the end of the month. The Yukon government tasked the group with providing expert opinions and advice on mine waste management at the site. The Yukon government has not launched a public inquiry into the slide. The First Nation of Na-Cho Nyäk Dun has called for one, repeatedly. Finally, PricewaterhouseCoopers states hosting a sale is a requirement of a credit agreement. The receiver said the Yukon government, Na-Cho Nyäk Dun and PwC's financial advisor were consulted on sale plans, with each providing feedback, which was "carefully considered." On June 30, there will be a court hearing, where the receiver will present its case for making a sale. A Yukon cabinet spokesperson said it's still early in the process. "But because the court is overseeing it, we're confident it'll be solid, transparent, and fair," Laura Seeley said in an email to CBC News. The receiver wants to close on the sale by the end of December.
CBC
42 minutes ago
- CBC
A year after the Eagle mine failure, questions remain about Yukon's mining future
Social Sharing To Frank Patterson, a First Nations elder in Mayo, Yukon, last year's catastrophic failure at the nearby Eagle gold mine was not a total surprise. "It was devastating," he said. "And you know, anybody that went in there could see something would happen someday." It was one year ago, on the morning of June 24, 2024, that the Eagle mine went in a matter of moments from being a celebrated centrepiece of the territory's resource industry to an expensive environmental disaster that is still not fully understood. The failure at the Eagle mine also gave another black eye to the territory's mining industry, which has seen its share of large and costly mine failures and bankruptcies over the years. Some people are wondering what kind of future the industry has in the territory. The slide at the mine's heap leach facility released hundreds of millions of litres of toxic cyanide solution into the environment and immediately halted operations at what was then the Yukon's largest operating hard-rock mine. Within weeks, and at the Yukon government's request, a court-appointed receiver took over the company, Victoria Gold, and its assets. Emergency remediation work to contain the damage at the site and in the surrounding area is ongoing. Groundwater is being pumped and treated to remove any cyanide, and the territory's mines minister admits it's going to take "a long time before you get rid of all the cyanide." The cost of remediation so far has been more than $200 million. "It's taxpayers cleaning up, just like Faro, Whitehorse, BYG in Carmacks, you name it ... You know, it's just taxpayers are paying for the cleanup, and those guys friggin' get up and run away," said Patterson, who's from the First Nation of Na-Cho Nyäk Dun. The Eagle mine is within the First Nation's traditional territory, and the area affected by the slide is where Patterson says he once learned about his traditional culture, from his elders. Patterson feels mistakes were made right from the get-go with Victoria Gold. He believes that his First Nation made a bad agreement with the company and should have involved elders more in the decision-making. Once the company got what it needed, he argues, "they shut the doors" on the First Nation. "We were not allowed up there. They gated it off. They put security there, they put their camp in there, and they just did whatever they wanted to do," Patterson said. Patterson says he's not against mining. He knows it's still the territory's main industry, as it has been for more than a century. But he believes things need to change, especially when it comes to approving mines and monitoring their operations. "The way Victoria Gold did it, it was greed. Pure greed," he said. 'It's critically important that we get mining right,' minister says The exact cause of the slide is still not clear. In August, the territorial government appointed an independent review board to investigate what happened by looking at the design, construction, operation, maintenance and monitoring of the heap leach facility. Heap leaching is a method of extracting gold from stacked layers of ore using a cyanide solution. The results of that review are expected in the coming days. Speaking to CBC News last week, Yukon's Mines Minister John Streicker said understanding the cause of the slide will help prevent anything similar happening again. It will also determine what the ongoing remediation will look like at Eagle mine site, and whether or not the mine could eventually be reopened. "One of the ways to think about it is, you need mining. That is, it's critically important that we get mining right. That means that it can't be damaging the environment, or why are we doing it?" Streicker said. Streicker argues that what happened at the Eagle mine is not just hugely significant for the Yukon, but also the country. Mining is essential for Canada's move toward a greener economy, he said, and failures like the Eagle mine slide make it hard for people to believe that mining can be done safely. "If we are able to make sure that the environment is not long-term heavily impacted, then maybe there's a chance to have trust that governments will do the right thing and make sure that mining is done appropriately. But there's also a chance that it doesn't work out well, and people will believe that it's not safe," Streicker said. "So there's a lot in the balance, and I think it goes beyond the Yukon in terms of how we judge whether it's right to mine or not." Receiver looks to sell mine site Earlier this month, PricewaterhouseCoopers, the court-appointed receiver of Victoria Gold, filed a report to the Ontario Superior Court of Justice indicating its intention to put the Eagle mine site up for sale. The report says things have improved at the site, with emergency work expected to be completed by Sept. 30. On June 30, there will be a court hearing where the receiver will present its case for making a sale. PricewaterhouseCoopers wants to close on the sale by the end of December. In Mayo, there are mixed feelings about whether the mine could, or should, ultimately reopen. A lot of local residents suddenly lost their jobs when the mine ceased operations a year ago. Victoria Gold made $400 million dollars in its last year of operation, and the First Nation of Na-Cho Nyäk Dun received its first annual payment from the mine — almost $1.4 million — before the slide. Bobbie-Lee Melancon doesn't want to see it reopen. She grew up in the area, fishing with her family on the McQuesten River, and she's angry about the environmental devastation from the Eagle mine failure. "I don't think we need to be greedy, you know, let's live on our beautiful land the way it is," she said. "If you think about all the money that was produced there and what was made, you know, those are really big numbers. And I don't think the First Nation got very much of that pie. And we were left with the mess." Doug van Bibber, who grew up in Mayo and works in forestry, said he was never a big supporter of the Eagle project, or heap leach mining. He says the environment is ultimately more important than the economy, "because money comes and goes; the land doesn't." "But I do know that, you know, you got to have resource sectors. And I just think we have to be a little bit more creative now, to how economic development occurs. You know, start looking at the forest and not just the minerals," he said. Frank Patterson, the Na-Cho Nyäk Dun elder, says he would like to see the Eagle mine reopen, because "mining is needed." "My thoughts on reopening is OK, because I want the people that they owe money to to be paid. And I also want the jobs that are gonna secure our people. But opening up to the same agreement — no," he said.
