
WSP welcomes new Board member Pascale Sourisse
MONTREAL, June 18, 2025 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) ('WSP' or the 'Corporation'), one of the world's leading professional services firms, is pleased to share that Pascale Sourisse has joined its Board of Directors as a director and member of its Governance, Ethics and Compensation Committee.
Ms. Sourisse is an accomplished executive with a successful track record running global high-tech businesses across the defence, aerospace, cybersecurity and digital sectors. Her appointment comes as WSP sets its sights on expanding its presence in strategic high-growth areas, including Digital, Advanced Manufacturing, Mission Critical and Advisory.

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Cision Canada
39 minutes ago
- Cision Canada
Aurora Cannabis Denies News of Acquisition of MedLeaf Therapeutics
NASDAQ| TSX: ACB EDMONTON, AB, June 18, 2025 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), a leading Canada-based global medical cannabis company, has become aware of misinformation posted on a news website, incorrectly stating that Aurora has agreed to acquire New Zealand based MedLeaf Therapeutics. The Company has not entered into any such agreement, has had no discussions with MedLeaf Therapeutics with respect to any business combination transaction, and has not made any statement or filed any information pertaining to any such transaction. Earlier today before market open, Aurora filed the Company's financial statements and management's discussion and analysis for the fourth quarter and fiscal year ending March 31, 2025. All information pertaining to these disclosures is available on the Company's website at and on SEDAR+ and EDGAR. About Aurora Cannabis Aurora is opening the world to cannabis, serving both the medical and consumer markets across Canada, Europe, Australia and New Zealand. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co., as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. Aurora also has a controlling interest in Bevo Farms Ltd., North America's leading supplier of propagated agricultural plants. Driven by science and innovation, and with a focus on high-quality cannabis products, Aurora's brands continue to break through as industry leaders in the medical, wellness and adult recreational markets wherever they are launched. Learn more at and follow us on X and LinkedIn. Aurora's common shares trade on the NASDAQ and TSX under the symbol "ACB". Forward Looking Information This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law (" forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These forward-looking statements are only predictions. Forward looking information or statements contained in this news release have been developed based on assumptions management considers to be reasonable. Material factors or assumptions involved in developing forward-looking statements include, without limitation, publicly available information from governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of this industry which the Company believes to be reasonable. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, the magnitude and duration of potential new or increased tariffs imposed on goods imported from Canada into the United States; the ability to retain key personnel, the ability to continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued quality of our products, customer experience and retention, the development of third party government and non-government consumer sales channels, management's estimates of consumer demand in Canada and in jurisdictions where the Company exports, expectations of future results and expenses, the ability to expand and maintain distribution capabilities, the impact of competition, the general impact of financial market conditions, the yield from cannabis growing operations, product demand, changes in prices of required commodities, competition, and the possibility for changes in laws, rules, and regulations in the industry, epidemics, pandemics or other public health crises and other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's annual information form dated June 17, 2025 (the "AIF") and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR+ at and filed with and available on the SEC's website at The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

Globe and Mail
an hour ago
- Globe and Mail
Market Factors: New TSX highs come with a caveat
In this edition of Market Factors, I'll detail the dominance of precious metals stocks in the rally from the 2025 lows and also how the real estate services sector is about to be automated. The diversion is Bezos-related and as always we'll look ahead to the important data releases for the next week. It's obviously a good thing when the S&P/TSX Composite Index hits a new high but there's a caveat for this one: performance has been driven by a sector that has little to nothing to do with the domestic economy or innovation. Scotiabank strategist Simon Fitzgerald-Carrier wrote that gold and silver stocks, up 47 per cent and 41 per cent respectively year to date, account for exactly half of the TSX's 2025 return. The impressive dominance of precious metals stocks in driving benchmark returns is even more apparent if we look at the recovery from the 2025 low on April 8. The benchmark's top performer was Novagold Resources Inc., up 85.2 per cent. Seven of the top 12 performing stocks for the April 8 to present period were precious metals stocks (this includes the highly precious metals-focused Sprott Inc.). Uranium stocks were also clearly visible in the top 12 – Cameco Corp. (up 80.9 per cent), Energy Fuels Inc. (63.8 per cent) and Nexgen Energy Ltd. (62.9 per cent) were all there – but let's not get distracted. Mr. Fitzgerald-Carrier attributes precious metals price momentum to uncertainty regarding U.S. tariffs. I also think gold is benefiting from the leadership-related lunatic discount the market is applying to the U.S. dollar. The Scotiabank strategist believes precious metals stocks can continue to outperform. A survey of central banks by the World Gold Council released Tuesday found that 95 per cent of respondents (73 central banks were surveyed) expected central bank gold reserves to increase over the next 12 months. Mr. Fitzgerald-Carrier also expects that rising U.S. inflation will cut into real Treasury yields, putting further downward pressure on the greenback that will push bullion prices higher. Precious metals are a problematic topic in financial theory. Personally I respect the role of precious metals in history and certainly respect the gains recently made by investors in the sector. On the other hand I lean more towards Warren Buffett's view that he'd rather own farmland, which generates annual income. One thing that's certain is that the recent gold-driven highs in the TSX are more proof that global investors are skeptical about the U.S. and aren't assuming that everything's rosy in the domestic economy and corporate world. Morgan Stanley real estate analyst Ron Kamden covers the U.S. but his belief, that AI will soon automate big swathes of public REIT and commercial real estate (CRE) services occupations, will likely have cross-border financial effects. Mr. Kamden believes that 37 per cent of all public REIT and CRE services jobs can be automated by AI. He estimates the cost savings at US$34-billion, or 16 per cent of operating cash flow in the sector. Management, accounting for 17 per cent of occupations, is the most at risk for automation followed by sales (14 per cent), administrative support (13 per cent) and installation maintenance repairs (12 per cent). I'm not sure how AI is going to repair the plumbing but these categories combine for 56 per cent of all jobs in REITs/CRE services jobs. AI applications that replace all these expensive humans, if they come to pass in the U.S., will soon drift across the border. Domestic REIT services CEOs would be negligent not to do so because their operations would become much, much more profitable for owners or shareholders. A lot of people hate Jeff Bezos but I like getting my packages delivered the next day. Mr. Bezos defends his outsize wealth by saying it represents 14 per cent of a company he built, and he helped the rest of the shareholders get wealthy too. He is, objectively, a tremendous executive, so much so that Warren Buffett called him the best business person he's ever seen. It's getting harder to defend Mr. Bezos though. I am a full-on capitalist but not sure that anyone in a healthy society should be rich enough to fund their own space program, for one. He built a massive yacht, which is fair enough, but he also commissioned a US$100-million support yacht called the Abeona for it. That seems a bit obnoxious to me. More recently, Gizmodo reported on an island off Florida nicknamed Billionaire Bunker on which Mr. Bezos owns a house. The island is connected to the mainland by a bridge guarded by dudes with guns to keep the riffraff out but it doesn't have its own water treatment facilities. It turns out that Billionaire Bunker residents are mad because the mainland won't take its sewage without a big fee. Looking for our updates on market movers, analyst actions, stock technicals, insider trades and other daily, weekly and monthly insight? Click here to visit our Inside the Market page. David Berman explains why the Iran-Israel conflict has only had a limited impact on crude oil prices so far Investment scammers are posing as economist David Rosenberg and bilking victims out of hundreds of thousands of dollars Mike Dolan of Reuters cautions that the U.S. dollar exit could be a crowded trade for some time. Meanwhile, Jamie McGeever reports that foreign central banks are shrinking U.S. asset exposure The domestic calendar of economic data releases and major earnings reports remains light for the coming week. It starts with retail sales results for April, which are out Friday. Economists forecast a 0.4 per cent headline gain month over month but a 0.2 per cent drop for the ex-autos reading. CPI numbers for May will be issued next Tuesday but economist guesses at the result are not available. For earnings, Alimentation Couche-Tard reports next Wednesday and analysts predict US$4.88 per share in profits. U.S. data starts with industrial production results for May. An exactly flat month-over-month reading is expected. The Federal Reserve announced no change in interest rates on Wednesday, as widely expected. Carnival Corp. (US$0.239 per share expected) and FedEx (US$5.887) release earnings on Tuesday. See the full earnings and economic calendar here


Cision Canada
an hour ago
- Cision Canada
UNITED CORPORATIONS LIMITED ANNOUNCES RESULTS OF ITS 2025 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS AND FURTHER DETAILS REGARDING PREVIOUSLY ANNOUNCED SHARE SPLIT
TORONTO, June 18, 2025 /CNW/ - United Corporations Limited ("the Company") (TSX: UNC) (TSX: (TSX: (TSX: today announced the results of its annual and special meeting of shareholders (the "Meeting") held on June 18, 2025. All director nominees were elected as directors of the Company and PricewaterhouseCoopers LLP was reappointed as the Company's auditors and the Board of Directors was authorized to fix their remuneration. Shareholders approved the previously announced amendments to the Company's articles of continuance to give effect to a ten-for-one share split of the Company's common shares (the "Share Split"), all as further described in the Company's management information circular dated May 27, 2025 (the "Circular"). Meeting Results The detailed results of the Meeting were as follows: Election of Directors By a vote conducted by poll, the seven nominees set forth in the Circular were elected as directors of the Company. The specific voting results are as follows: Appointment of Auditors By a vote conducted by poll, PricewaterhouseCoopers LLP was reappointed as the auditor of the Company and the Board of Directors was authorized to fix their remuneration. The specific voting results are as follows: Share Split By a vote conducted by poll, the special resolution in respect of the Share Split, details of which were set forth in the Circular, was passed by a two-thirds majority of the votes cast. The specific voting results are as follows: Share Split After consideration, the Company's Board of Directors has decided to proceed with the Share Split, and the Company will proceed to file the articles of amendment under the Canada Business Corporations Act to effect the Share Split. Shareholders of record as of the close of business on July 4, 2025 (the "Record Date") will receive from Computershare Investor Services Inc. ("Computershare"), the Company's registrar and transfer agent, on July 14, 2025 (the "Payment Date") nine additional common shares, as applicable, for every one share held. The Share Split will not change the rights of holders of common shares and will not change a shareholder's proportionate ownership in the Company. As of the close of business on June 17, 2025, the Company had 11,250,865 common shares issued and outstanding. Adjusted for the Share Split, as of June 17, 2025, there would have been 112,508,650 common shares issued and outstanding. The Company's common shares will begin trading with "due bills" on the Toronto Stock Exchange ("TSX") at the opening of business on Friday, July 4, 2025 (being the Record Date) until the close of business on Monday, July 14, 2025 (being the Payment Date), inclusively. A due bill is an entitlement attached to listed securities undergoing a material corporate action, in this case the Share Split. During such period, anyone who purchases Company common shares on the TSX will receive the entitlement to the additional common shares issuable pursuant to the Share Split. The Company common shares will commence trading on an "ex-distribution" (post-split) basis on the TSX at the opening of business on Tuesday, July 15, 2025, as of which date purchases of Company common shares will no longer have the attaching entitlement to the additional common shares. The due bill redemption date will be July 15, 2025. Shareholders do not need to take any action. Currently outstanding share certificates representing the Company common shares will continue to be effective. They should be retained by shareholders and should not be forwarded to the Company or Computershare. The Company will use the direct registration system ("DRS") to electronically register the common shares issued pursuant to the Share Split, rather than issuing physical share certificates. On or about July 14, 2025, Computershare will mail DRS advice statements to registered shareholders indicating the number of additional Company common shares that they are receiving as a result of the Share Split. Non-registered (beneficial) shareholders who hold their shares in an account with their investment dealer or other intermediary will have their accounts automatically updated to reflect the Share Split in accordance with the applicable brokerage account providers' usual procedures. All share and per share data for future periods will reflect the Share Split. The Company's normal course issuer bid will be adjusted to reflect the Share Split. Further details of the Share Split are contained in the Circular, which is available on the Company's profile on SEDAR+ at and on its website at About United Corporations Limited The Company is a closed-end investment corporation that trades on the TSX. The Company has always been an investment vehicle for long-term growth through investments in common equities, as management believes that over long periods of time common equities, as an asset class, will outperform fixed income instruments or balanced funds. The equity investments in the portfolio reflect investment opportunities world-wide. For more information, please visit: Forward-Looking Statements This press release may contain forward-looking information within the meaning of applicable securities regulation. The words "may", "will", "would", "should", "could", "expects", "plans", "intends", "trends", "indications", "anticipates", "believes", "estimates", "predicts", "likely" or "potential" or the negative or other variations of these words or other comparable words or phrases, are intended to identify forward-looking statements. These statements include, without limitation, statements regarding the Company's intentions and expectations with respect to the Share Split. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties that may cause the results or events mentioned in this press release to differ materially from those that are discussed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general, local economic, and business conditions. All forward-looking information in this press release speaks as of the date hereof. The Company does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on the Company's profile on SEDAR+ (