Windsor-Detroit Tunnel toll increases again
Windsorites will be parting with a bit more coin to take the tunnel to Detroit, CTV Windsor's Robert Lothian has the details.
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CTV News
27 minutes ago
- CTV News
Owner of new Ottawa restaurant ‘very excited' about location near ByWard Market
The owner of a new restaurant set to open near Ottawa's ByWard Market this weekend says he's excited about the location. Barrio is located at 115 Rideau Street, in the former Pure Kitchen location across from the Rideau Centre and the O-Train Rideau Station. Owner and chef Lizardo Becerra told CTV Morning Live he has no concerns about opening the restaurant. 'According to what I've seen in the last few days when we were doing construction and renovations, it's been packed every day,' Becerra said Thursday morning. 'Even Monday, a little bit of sunshine and every patio is packed. We have high expectations – we're prepping a lot of food.' Becerra is also the owner of Raphaël Peruvian Cuisine on Elgin Street. He says he's looking forward to returning to the ByWard Market. 'It was a different location when I started at the market. it was Clarence Street, so it was a way more of a night vibe in that location,' Becerra said. 'Right now, we're at one of the most transit intersections in the market. Right in front of the Rideau Centre. Different location, so much people working around….so I'm very excited.' Barrio bills itself as a restaurant with a 'South American beat in the heart of the market.' 'Barrio is neighbourhood in Spanish. After our great restaurant Raphaël on Elgin Street, we wanted to bring something a little bit more close to the people (and) the streets,' Becerra said. 'We kind of think about street food from South America, so Colombia, Venezuela, a little bit of Peru. All the beautiful sandwiches you can eat on the streets.' Barrio will have a soft opening on Thursday, before opening to the public at 50 per cent through the weekend. 'We want to start slow, but secure. We have a beautiful and solid menu we want to showcase.' Barrio is the latest restaurant to open in the ByWard Market. Chuck's Roadhouse opened on Tuesday in the former Dunn's Famous Deli location on Dalhousie Street. Grey's Social Eatery opened earlier this spring in the old Blue Cactus location in the ByWard Market Square. Shawarma Time and Place recently opened in the former Cupcake Lounge location on ByWard Market Square. Barrio, Chuck's Roadhouse and other restaurants are opening as the City of Ottawa takes steps to improve the perception of the ByWard Market. A new 'Night Ambassador' program is launching this summer, who will patrol the market area on Friday and Saturday nights from 9 p.m. to 4 a.m. The city says, 'providing additional eyes on the street,' the Night Ambassadors will 'enhance community and safety wellbeing' by practicing bystander intervention and de-escalation, helping patrons and employees find a safe ride home and connecting people with emergency and social services.
National Post
35 minutes ago
- National Post
Cameron Stephens Expands Western Canada Team with Appointment of Gabe Chung as Vice President, Origination
Article content VANCOUVER, British Columbia — Cameron Stephens Mortgage Capital Ltd.* ('CSMC') is pleased to announce the appointment of Gabe Chung as Vice President, Origination – Western Canada. Based in the firm's Vancouver office, Gabe will be responsible for originating commercial real estate loans across various asset classes and strengthening CSMC's client relationships and brand presence throughout the region. Article content Gabe joins CSMC with more than 20 + years of experience in commercial real estate lending. Most recently, he served as Managing Director at National Bank of Canada, where he led the launch of the bank's Real Estate centre in Vancouver and originated several billion dollars in debt lending. He also played a pivotal role in mentoring and developing real estate talent nationwide. Prior to that, he spent 13 years with Royal Bank of Canada in progressively senior roles within real estate and commercial banking. Article content 'At Cameron Stephens, we're building a team of the best and brightest — individuals who not only bring deep experience, but also the professionalism, integrity, and relationships that define trusted leadership in our industry,' said Riccky Dasgupta, Senior Vice President & Managing Director, Mortgage Unit. 'Gabe is widely respected in the Western Canada market. He understands our business, knows what clients need, and embodies our culture of disciplined growth and professional excellence.' This announcement follows the recent launch of the Western Canada High Yield Mortgage Fund, a $70 million infusion of strategic capital into the region, backed by Western Canadian real estate family offices and Cameron Stephens' flagship Bay Street High Yield Fund. The fund is now active and committing capital into high-quality commercial mortgage opportunities across Alberta and British Columbia. Article content Gabe's appointment further strengthens Cameron Stephens' expansion strategy in Western Canada, where the firm has grown to over $550 million in assets under administration in just four years. Article content Gabe holds an MBA from Simon Fraser University's Beedie School of Business and a Bachelor of General Studies from the same institution. He has been recognized numerous times throughout his career for his outstanding contributions and performance. Gabe is currently licensed as a Submortgage Broker in British Columbia. Article content About Cameron Stephens Article content Founded in 2004, Cameron Stephens is a leading Canadian real estate investment firm with nearly $4 billion in assets under administration. Cameron Stephens offers institutional and private investors strategic opportunities to invest in commercial real estate with consistent returns. The firm specializes in mortgage solutions through Cameron Stephens Mortgage Capital for developers across Canada. Established in 2021, Cameron Stephens Equity Capital provides equity opportunities for high-quality and strategically positioned developments. Article content Article content Article content Article content
Globe and Mail
39 minutes ago
- Globe and Mail
How Will Dip in Q2 IB Revenues & Trading Surge Impact BAC's Fee Income?
At Morgan Stanley US Financials, Payments & CRE Conference on Wednesday, Bank of America BAC CEO Brian Moynihan warned of weakness in investment banking (IB) fees in the second quarter, while trading revenues are expected to show signs of strength. BAC expects IB fees to decline more than 20% year over year in the second quarter as tariff-related headwinds continue to hamper deal-making sentiments. In the first quarter, IB fees of $1.52 billion million declined 3% as the plunge in equity underwriting income was more than offset by higher advisory revenues and debt underwriting income. The Zacks Consensus Estimate for IB fees is pegged at $1.53 billion for the ongoing quarter. Meanwhile, driven by heightened market volatility and a rise in client activity, Bank of America projects trading revenues to grow in the mid-to-high single-digit range in the quarter. This will mark the 13th consecutive quarter of year-over-year growth in sales and trading revenues for the company. Last quarter, BAC's sales and trading revenues (excluding net DVA) of $5.65 billion represented the highest number in a decade. The consensus estimate for sales and trading is pegged at $5.11 billion for second-quarter 2025, suggesting year-over-year growth of 9%. With sales and trading accounting for about 43% of Bank of America's fee income, ongoing momentum in this area should help offset pressure elsewhere. As such, the consensus estimate for non-interest income is $11.87 billion, implying a rise of 2% from the prior-year quarter. What Does BAC's Peers Expect for IB & Trading in Q2? Like Bank of America, JPMorgan JPM anticipates markets revenues to grow in the mid-to-high single-digits range on a year-over-year basis for the second quarter. This is likely to be driven by a significant rise in market volatility and higher client activity. Additionally, JPMorgan's IB fees are expected to be down in the mid-teens range. Citigroup C, on the other hand, projects second-quarter IB fees to increase by a mid-single-digit percentage on a year-over-year basis as deal-making activities rebounded and stock markets recovered from the ambiguity over the final tariff decision. Moreover, like BAC and JPMorgan, Citigroup's trading business is showing signs of strength. Citigroup projects markets revenues to grow in the mid-to-high single-digits range. BAC's Price Performance, Valuation and Estimates Shares of Bank of America have risen 12.8% in the past three months. In the same time frame, JPMorgan soared 19.1%, and Citigroup was up 16.6%. Image Source: Zacks Investment Research From a valuation standpoint, Bank of America trades at a 12-month trailing price-to-tangible book (P/TB) of 1.69X, below the industry. P/TB Ratio Image Source: Zacks Investment Research Moreover, the Zacks Consensus Estimate for Bank of America's 2025 and 2026 earnings implies year-over-year growth of 12.2% and 15.3%, respectively. In the past month, earnings estimates for 2025 have moved marginally upward, while 2026 estimates have been revised slightly lower. Earnings Estimates Trend Image Source: Zacks Investment Research Bank of America currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Citigroup Inc. (C): Free Stock Analysis Report
