FedNor funds for Timmins tourism
FedNor handed out funding to 22 tourism-related organizations, including $392,000 for the Timmins festivals and events committee.
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Globe and Mail
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Tesla Inc: Analysts Update Target Forecasts
Tesla Inc. (TSLA) (TSLA:CA) Bank of America (BofA) has increased its 12-month price target on Tesla Inc. from $305 to $341, reflecting a more optimistic outlook for the electric vehicle maker's potential. Despite the raised target, BofA has maintained its 'Neutral' rating, signaling that while the bank acknowledges improving fundamentals or external conditions (such as macro trends, cost efficiencies, or AI/data center tailwinds), it believes the stock is fairly valued at current levels. The 'Neutral' stance suggests a balanced view of upside and downside risks amid ongoing concerns like increased competition, regulatory uncertainty, and potential volatility around deliveries and margins. Cantor Fitzgerald has reiterated its 'Overweight' rating on Tesla and maintained its 12 month price target of $355 per share, indicating continued confidence in Tesla's growth trajectory and long-term value. The Overweight rating implies that Cantor expects Tesla to outperform the broader market and sector average. Cantor likely sees strength in Tesla's expanding product pipeline, leadership in EV technology, and potential upside from its AI and robotics ventures—such as Full Self-Driving (FSD) and Optimus—justifying a higher valuation multiple. Stock Forecast & Analysis Tesla's consensus analyst rating is a 'Hold', reflecting a mixed sentiment on the stock. The average 12-month price target for Tesla stands at approximately $300 per share, suggesting the stock is currently trading over over its perceived valuation models. The consensus target reflects analyst expectations factoring in the company's fundamentals, competitive environment, and broader macroeconomic conditions. Key contributors to this Hold consensus include: Concerns over valuation: Tesla trades at a premium relative to traditional automakers, and many analysts believe the stock price already reflects aggressive growth assumptions. Competition and market saturation: Analysts are watching how Tesla will fare as legacy automakers and new EV startups increase competition, especially in core markets like the U.S., China, and Europe. Margin pressures: Ongoing price cuts, high R&D spending on AI and robotics, and ramp-up costs for new models or facilities could weigh on margins, limiting near-term earnings growth. Catalysts for future upside: Some analysts remain optimistic about long-term catalysts including Tesla's progress in Full Self-Driving (FSD) technology, expansion into energy storage, potential monetization of AI-related assets, and new vehicle platforms.
CBC
an hour ago
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Vancouver's Celebration of Light fireworks show faces funding challenges
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CTV News
an hour ago
- CTV News
Winnipeg steel company makes changes to deal with tariffs
A Winnipeg steel company has been forced to get creative to deal with U.S. tariffs. CTV's Jeff Keele reports. Brunswick Steel in Winnipeg is changing its buying habits. The business makes parts for customers, many in the agriculture sector. With U.S. tariffs on steel at 50 per cent, general manager Adam Plouffe said they have had to adjust where they source their products. 'For us what it did, it shifted all of our purchases to non tariff countries,' said Plouffe. 'So we're buying in Canada predominantly. We are buying some imports from other countries that are non tariff related.' But buying overseas can increase shipping time so the company has had to stock up. Plouffe said business is down about 12 per cent compared to last year. In order to keep all their staff, they've implemented a federal work-sharing program. The company pays for seven hours of an eight-hour day, and EI takes care of the last hour. 'We don't like it, okay. I'll be very clear about it,' said Plouffe. 'It is something that we hesitated doing. It's not a fun thing to do for our staff, for anyone.' President Donald Trump has also announced 35 per cent tariffs on other Canadian goods starting August 1, as the two countries try to hammer out a trade deal. Last week Prime Minister Mark Carney announced a new policy to restrict and reduce steel imports in an attempt to help Canada's steel industry. Plouffe said that is a step in the right direction. 'Those protectionist things, we need to do in Canada,' said Plouffe. He also said opening the Canadian market is important. 'We're big consumers in Canada as well.'
