‘I'm a tariff person,' Trump says at G7 meeting with Carney
U.S. President Donald Trump said he and Prime Minister Mark Carney have different concepts around trade. Trump reiterated his support for tariffs, saying: 'It's simple, it's easy, it's precise.' Trump noted that Carney has 'a more complex idea,' and said, 'we're going to look at both.'
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Winnipeg Free Press
42 minutes ago
- Winnipeg Free Press
The Latest: Trump says all of Tehran should evacuate ‘immediately'
U.S. President Donald Trump posted an ominous message on his social media site Monday calling for the immediate evacuation of Tehran but later denied reports he had rushed back to Washington to work on a ceasefire. Israel's air campaign on the Iranian capital appeared to broaden on the fourth day of an intensifying conflict after it issued warnings on Monday for about 300,000 people in Tehran to evacuate ahead of airstrikes. People were seen leaving the city Tuesday morning as shops and the historic Grand Bazaar were closed. Iranian authorities insist everything is under control and no guidance has been issued. Here's the latest: ___ People seen leaving Tehran As the sun rose Tuesday on Iran, the downtown area of Tehran, the country's capital, appeared to be beginning to empty out. Many shops in the capital stood closed. The city's ancient Grand Bazaar was closed, something that's rarely done, like during demonstrations or during the height of the coronavirus pandemic. On the roads out of Tehran to the west, traffic stood bumper to bumper. Many appeared to be heading to the Caspian Sea area, with local reports suggesting there were some diversions. Long lines also could be seen at gas stations operating in Tehran. Iran's capital, Tehran, is home to some 10 million people. That's roughly the same population for the entirety of Israel. It remained unclear how the city could be evacuated. Authorities within Iran's government continued to insist everything was under control and did not offer any guidance for the public on what to do. G7 leaders call for de-escalation but insist Iran must not get nukes Leaders of the Group of Seven countries meeting in Canada signed a joint statement calling for de-escalation of fighting between Israel and Iran while reaffirming that Iran cannot be allowed to have a nuclear bomb. The statement reads: 'We, the leaders of the G7, reiterate our commitment to peace and stability in the Middle East. 'In this context, we affirm that Israel has a right to defend itself. We reiterate our support for the security of Israel. Sundays Kevin Rollason's Sunday newsletter honouring and remembering lives well-lived in Manitoba. 'We also affirm the importance of the protection of civilians. 'Iran is the principal source of regional instability and terror. 'We have been consistently clear that Iran can never have a nuclear weapon. 'We urge that the resolution of the Iranian crisis leads to a broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza. 'We will remain vigilant to the implications for international energy markets and stand ready to coordinate, including with like-minded partners, to safeguard market stability.'
Globe and Mail
an hour ago
- Globe and Mail
Tesla Inc: Analyst Update & Stock Analysis
Tesla Inc. (TSLA) (About (STA Research): Is a Canadian investment research company, consisting of Financial Professionals specializing in advanced stock research and analysis). Coverage Update Cantor Fitzgerald analyst, Andres Sheppard has reiterated the investment firm's 'Overweight' rating on Tesla Inc., maintaining a 12-month price target of $355.00. This reaffirmation reflects continued confidence in Tesla's long-term growth potential, driven by its leadership in the electric vehicle (EV) sector, ongoing advancements in battery technology, and expanding global production capacity. The Overweight rating suggests that Cantor believes Tesla shares are poised to outperform the broader market or sector average. The price target implies a substantial upside from current trading levels, signaling optimism around the company's ability to scale operations, improve margins, and capitalize on the accelerating global transition to clean energy transportation. Stock Forecast & Analysis As of June 17, 2025, Tesla is trading at $329.13, reflecting a 1.17% increase from the previous close. The stock has experienced a 37% rally since late April, bolstered by investor optimism surrounding Tesla's advancements in artificial intelligence and autonomous vehicle technology, particularly the anticipated launch of its robotaxi service in Austin, Texas, on June 22 Analyst sentiment on Tesla remains mixed, as the consensus rating is 'Hold,' with an average 12-month price target of $289, suggesting a potential downside of approximately 12% from the current trading price . The basis for the cautious approch, is that some analysts have concerns over regulatory issues and increased competition in the electric vehicle market sector. Financial Fundamentals Tesla has exhibited strong revenue growth over the past five years, with a compound annual growth rate (CAGR) of approximately 30%. While its gross margin has compressed to around 17–18% due to pricing cuts and higher input costs (down from previous highs above 25%), the company maintains solid profitability. Operating margins range between 9% and 11%, and net profit margins are approximately 7–10%, which are higher than those of most traditional automakers. Tesla's return on equity (ROE) is strong at around 18–20%, and return on assets (ROA) stands at about 10–12%. From a liquidity standpoint, Tesla is in a healthy position, with a current ratio of roughly 1.5× and a low debt-to-equity ratio of about 0.10×, indicating minimal reliance on leverage. Its interest coverage ratio is well above 20×, reflecting strong ability to meet its financial obligations. The company holds more than $25 billion in cash, providing ample operational and strategic flexibility. Tesla also generates solid free cash flow, currently estimated at $8–10 billion on a trailing 12-month basis. Capital expenditures are rising, reflecting continued investments in artificial intelligence infrastructure and new gigafactories. Its operating cash flow remains consistently positive and supports its growth plans. In terms of valuation, Tesla trades at a forward price-to-earnings (P/E) ratio of around 75× (2025 estimates), significantly higher than the auto industry average. Its EV/EBITDA multiple is also elevated, and the PEG ratio exceeds 2.0×, indicating that the stock is priced at a premium relative to its expected earnings growth. Outlook Tesla Inc. operates in the electric vehicle (EV), energy storage, and AI-powered autonomous technology sectors. It is widely recognized not only as a car manufacturer but also as a technology and energy innovation company. The company's strong brand, vertically integrated business model, extensive charging infrastructure, and first-mover advantage in self-driving technology have helped it establish a significant competitive edge. However, Tesla faces several structural and execution risks, including rising competition from legacy automakers and EV-focused companies such as BYD, Ford, and Volkswagen, as well as increased regulatory scrutiny and heavy reliance on the leadership and public perception of CEO Elon Musk. However, looking at the company's overall picture, Tesla shows robust financial health, strong margins, and efficient capital management, though its current valuation reflects high investor expectations for continued innovation and long-term growth, however the valuation is purely based on the basis that the company is actually a Artifical Intelligence play, according to Ark's Cathy Woods.
National Post
2 hours ago
- National Post
WSIB Blocks Path to Resolution as Strike Enters Fourth Week
Article content TORONTO — After a full weekend of mediated negotiations aimed at ending the ongoing strike, the union representing more than 3,600 Workplace Safety and Insurance Board (WSIB) employees says the agency is once again delaying a fair resolution, this time by rejecting a neutral path forward: a supervised vote by its own workforce. Article content OCEU/CUPE 1750 says that despite extensive efforts by the union to move bargaining ahead, including participating in intensive mediation all weekend and through Monday, WSIB shut down the latest opportunity for progress. The employer has the option to request a government supervised vote on their final offer, but WSIB squashed that option. Article content 'WSIB is blocking even the most reasonable steps forward,' said Harry Goslin, President of OCEU/CUPE 1750. 'They refused to let their own workers vote on their own offer. What are they afraid of? This isn't how a serious employer acts, it's how you stall, delay, and deepen a crisis.' Article content This latest refusal comes as backlogs grow, and frontline services remain disrupted across Ontario. Internal memos have already confirmed that the strike is leading to delayed claims and shortcuts that risk long-term harm to injured workers. Meanwhile, a follow-up mental health survey conducted by the Occupational Health Clinics for Ontario Workers (OHCOW) reveals that WSIB staff are now facing rates of anxiety and depression twice the national average —among the worst findings OHCOW has seen in more than a decade. Article content OCEU/CUPE 1750 members have been on strike since May 21, fighting for fair wages, manageable workloads, and an end to reckless outsourcing of Ontario jobs. This marks the first strike in WSIB's 110-year history. Article content Despite repeated efforts by the union to find common ground, including meaningful movement on wages, workload, and seniority — WSIB continues to advance proposals that ignore the realities facing staff and stall any serious progress. Article content 'The people on the picket lines want to get back to work and restore services,' Goslin said. 'The WSIB won't improve their offer and won't use the tools available to them to bring their deal to the workforce. It's WSIB that's refusing to move, and the Ford government is enabling that delay. These delay tactics are hurting Ontario's injured.' Article content OCEU/CUPE 1750 is calling on WSIB leadership and the provincial government to end the delay tactics, stop interfering in the process, and finally deliver a fair deal that respects the workers who keep Ontario's compensation system running, and the injured workers who rely on it. Article content Article content Article content Article content Article content Contacts Article content For more information, please contact: Article content Article content Bill Chalupiak Article content Article content Article content
