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CTV News
an hour ago
- CTV News
Ford vows to 4-lane final stretch of Hwy. 69
Progress being reported on four-laning the final 68-km stretch of Highway 69 between Sudbury and Toronto. There appears to be progress on four-laning the remaining stretch of Highway 69 between Sudbury and Toronto in Ontario. Currently, approximately 68 kilometres of the highway from Henvey Inlet First Nation to Nobel remains incomplete. At a news conference in Thunder Bay on Thursday, Premier Doug Ford was asked about expanding all of Highways 11 and 17, rather than focusing solely on areas near the Manitoba border. Ford expressed strong support for the idea. Doug Ford Ontario Premier Doug Ford speaks in Thunder Bay, Ont., on July 31, 2025. (File photo/CTV News) Ford backs northern highway upgrades 'We're spending $200 billion on infrastructure, spending a fortune on roads and highways –I think it's up to $35 billion – but I'm all in, and I want to make sure our highways are safe,' Ford told reporters. 'It's treacherous, especially not just here, but have you ever gone from Sudbury down to the city? Like that two-lane – that was like white-knuckled driving down there. If a transport is off by two inches, you're done.' The premier highlighted an agreement with three First Nations communities to secure land for the project. 'We've bought their piece of property, and so we're going to be twinning that. We've made that announcement, and my goal is to make sure our highways are safe,' he said. Northern winters highlight need for safety improvements Ford emphasized the dangers of northern Ontario winters, stating that those in urban centres may not fully grasp the challenges. 'My message to people in the city – you have no clue until you come up to the north and you drive in the winter,' he said. 'We drove all through the north during the election. Snow was coming down – we had a pretty heavy winter. It's terrifying.' He added that northern Ontario's harsh conditions are something one must experience firsthand to truly understand. Timeline still unclear While Ford confirmed that Northern Development Minister Greg Rickford has been pushing to complete the project, no start date for construction has been announced. Provincial officials say Ontario remains committed to improving highway safety, with further details expected in the coming months.
CTV News
2 hours ago
- CTV News
St. Marys' Stonetown Artisan Cheese wins first place at American Cheese Society competition
Stonetown Artisan Cheese's, a cheesemaker from St. Marys, won a first place award at the American Cheese Society competition. The win was for its Grand Truck in the 'Open Category – Washed Rind Cheeses – Made from Cow's Milk'. The cheese also got an honourable mention for the highest scoring raw milk cheese, as well as a third place win for Best in Show. 'We are beyond thrilled and incredibly humbled by the results and recognition that the judges honoured Grand Truck,' said Ramon Eberle, cheesemaker. 'We couldn't make this cheese as special as it is without the exceptional, high-quality milk produced on our farm. Thanks to everyone on the team, this win is for everyone at Stonetown. The Grand Truck also won the Grand Champion title earlier in the year at SIAL Canada's International Cheese Competition. Grand Truck is described by the cheesemaker as a farmstead Gruyere-style cheese, made with the traditions and recipe from the Swiss Alps.
Globe and Mail
9 hours ago
- Globe and Mail
1 AI Robotics Stock to Buy Before It Soars 758% to $8 Trillion, According to a Wall Street Analyst
Key Points Several Wall Street experts anticipate substantial upside in Tesla stock as the company leans into autonomous driving and robotics. Tesla reported dismal first-quarter financial results as increased competition and CEO Elon Musk's political activities eroded its market share. Musk believes Tesla will eventually dominate the trillion-dollar robotaxi market, and he sees a $10 trillion opportunity in humanoid robots. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) shares have declined 25% year to date as the electric carmaker has struggled with weak demand amid growing competition and consumer backlash against CEO Elon Musk's politics. The company is currently worth $976 billion, but several Wall Street experts anticipate substantial upside in the years ahead. Ark Invest analysts, led by Tasha Keeney, think Tesla stock will reach $2,600 per share by 2029. That forecast implies 758% upside from its current share price of $303. It also implies a market value of $8.3 trillion. Wedbush analyst Dan Ives recently told Yahoo Finance that Tesla could be a $2 trillion company within 12 months. That implies 105% upside from its current market value of $976 billion. It also implies a share price of $620. Hedge fund billionaire Ron Baron told CNBC last year that Tesla could be a $5 trillion company within a decade. That implies 410% upside from its current market value. It also implies a share price of $1,550. CEO Elon Musk has said Tesla could eventually be a $30 trillion company as it benefits from autonomous driving and robotics. That implies 2,975% upside from its current market value. It also implies a share price of $9,310. Tesla is one of the most controversial stocks on the market. Investors tend to have binary opinions, either seeing Tesla as an overrated automaker or a revolutionary company poised to reshape the global mobility and labor markets with artificial intelligence. Read on to learn more. Tesla is losing market share in electric vehicles, and Musk warned of rough quarters ahead Tesla ceded significant market share in electric vehicles during the past year as competition increased and CEO Elon Musk damaged the brand with his political activities. The company accounted for just 10% of battery electric vehicle sales through May, down from 16% in the same period last year, according to Morgan Stanley. Tesla reported weak second-quarter financial results. Deliveries decreased by 13%, the second straight drop. Revenue declined 12% to $22 billion, operating margin narrowed by 2 percentage points, and non-GAAP (generally accepted accounting principles) earnings fell 23% to $0.40 per diluted share. Musk also warned that the next few quarters could be rough as the company ramps up its autonomous driving business. "We probably could have a few rough quarters. I'm not saying we will, but we could," he told analysts on the earnings call. "But once we get autonomous to scale in the second half of next year, certainly by the end of next year, I'd be really surprised if the economics are not very compelling." Tesla has substantial opportunities in autonomous ride-hailing services and humanoid robots Tesla has been developing its autonomous driving software for more than a decade. Its vision-only approach (meaning its cars are equipped only with cameras) gives the company a theoretical edge over the market leader Alphabet 's Waymo, which relies on a more costly array of cameras, lidar, and radar. Tesla also has more camera-equipped cars on the road collecting data to train the underlying artificial intelligence (AI) models. Importantly, while Waymo is currently the market leader, with commercial autonomous ride-hailing services in five U.S. cities, Elon Musk thinks Tesla will catch up quickly because its vision-only strategy is more scalable. Indeed, the company recently started its first robotaxi service in Austin, but Musk says the coverage area could include half the U.S. population by year-end. Additionally, Musk says Tesla could eventually have 99% market share in autonomous ride-hailing, which itself is forecast to be a trillion-dollar market in about 15 years. Tom Narayan at RBC Capital expects global robotaxi revenue to reach $1.7 trillion by 2040. He also says Tesla could earn $115 billion in revenue from robotaxi services in that year. Beyond robotaxis, Tesla is also developing an autonomous humanoid robot, called Optimus, to revolutionize the labor industry. Robots could be particularly useful in handling tasks too dangerous, tedious, or physically demanding for humans. Musk says Optimus production will hit 100,000 units monthly (more than 1 million annually) within five years. He also says humanoid robots could be a $10 trillion opportunity for Tesla. The Ark Invest analysts, led by Tasha Keeney, built their 2029 forecast around autonomous driving. Robotaxis are projected to account for more than 60% of revenue, roughly $750 billion, while electric car sales account for less than 30%. The remaining portion will come from energy storage and insurance. Keeney did not factor Optimus into the calculations, but her robotaxi estimates are much more aggressive than those from Narayan at RBC. Tesla's valuation looks absurdly expensive, but autonomous driving and robotics could change the narrative Wall Street estimates Tesla's earnings will increase by 20% annually over the next three to five years. That makes the current valuation of 175 times earnings look absurdly expensive. But Tesla bulls think most analysts are underestimating the impact that robotaxis and robots will have on the business. For instance, Ark Invest estimates that Tesla's earnings before interest, taxes, depreciation, and amortization (EBITDA) will increase by over 3,000% to $440 billion by 2029, which implies a compound annual growth rate of about 115%. While I find that scenario highly unlikely, earnings growth of that magnitude would justify the current valuation. Here's the bottom line: Traders who lack confidence in the robotaxi and robotics narrative should avoid this stock. But patient investors who believe Tesla could revolutionize the mobility and labor markets with AI products like self-driving cars and humanoid robots should own a position. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $450,531!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,420!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $624,823!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of July 29, 2025
