Ontario-made alcohol gets largest tax cut in decades
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
34 minutes ago
- CTV News
Affordable housing in Goderich won't be rebuilt after a fire, warming centre opens for displaced residents
An apartment building in Goderich that consisted of 18 affordable housing units will not be rebuilt after a weekend fire. Around 2 a.m. on Saturday, crews responded to the Nelson Street building and evacuated other homes on Brock Street as a precaution. According to Goderich Mayor Trevor Bazinet, the third level of the building had to be demolished for the Fire Marshal to enter for a proper review of the property. goderich fire - aug 2025 An apartment fire in Goderich, Ont. displaced 26 residents in 18 units. Aug 2, 2025. (Scott Miller/CTV News London) He said the building itself will be demolished and owner is not planning on rebuilding and selling the property. 'What we would like to do is when the property is sold, have a conversation with the new owner, a lot of communities are struggling with affordable housing, this is something that we would like to see developed in that area because that's what was in place at the current time,' said Bazinet. A total of 26 people in the 18 units have been displaced and are currently in the care of the Red Cross with help from Huron County social and property services. A warming centre has opened at the Knights of Columbus at 390 Parsons Court for the displaced residents. Here's how to help Bazinet said there has been a steady stream of people coming to town hall and sending messages asking how to help. '[I'm] always proud of our community whenever there is a time of need,' he said. Town Hall is open 8 a.m. to 4 p.m. and Bazinet said town staff are in council chambers rotating every hour to accept gift cards. 'We might think we know what the people need but its actually the people that know what the people need — so we figured gift cards is the right approach so they can purchase whatever they need whether it's clothing or materials or just some groceries and some food.' 'It's been a steady lineup here at town hall which is incredible and we're receiving cash donations as well,' Bazinet added. Goderich's Emergency Control Response Committee is meeting Tuesday afternoon to determine next steps. — with files from CTV NEWS London's Bailey Shakyaver
National Post
34 minutes ago
- National Post
Carney vows $1.2 billion bailout for lumber sector hit by Trump tariffs
Prime Minister Mark Carney promised as much as $1.2 billion to shore up Canada's lumber industry, which has been hit hard by U.S. duties that are about to significantly increase. Article content Carney said Tuesday that up to $700 million in loan guarantees will help forestry companies of all sizes maintain and restructure their operations. He also pledged $500 million in grants and contributions for product development and market diversification. Article content Article content Article content 'Canada does not dump lumber into the United States, and we will continue to make the case that these current and proposed duties are unjustified,' Carney said in West Kelowna, B.C. Article content Article content 'We are a vital supplier to our southern neighbour, representing around a quarter of the U.S. market and helping to keep down the costs of American homes.' Article content The dispute between the U.S. and Canada over softwood lumber stretches back decades, with the U.S. periodically imposing duties to counteract what it claims are unfair Canadian government subsidies. Article content The U.S. Commerce Department is expected on Friday to conclude hiking duties on Canadian softwood to about 35 per cent from a previous total of 14.4 per cent. That's a combination of anti-dumping and countervailing duties. Article content U.S. President Donald Trump has escalated the fight even further, ordering an increase to U.S. lumber production and an investigation of the national security risk of lumber imports. The probe is under Section 232 of the Trade Expansion Act, which Trump has already used to place new tariffs on steel, aluminum and copper. Article content Article content Canada shipped $40.3 billion of forest products and building and packaging materials to the U.S. last year, its fifth-largest category of exports to its largest trading partner. Article content Article content Carney said his government would launch its promised homebuilding agency, called Build Canada Homes, in the fall, which will prioritize Canadian lumber, steel and aluminum in construction. Article content It will also require companies contracting with the federal government to source domestic well, the government will draft new initiatives to diversify international markets for Canadian lumber, along with retraining programs for workers, he said. Article content Canada has long denied the U.S. claim that it sets artificially low 'stumpage rates,' fees sawmills pay to provinces to harvest timber from government-owned forests. Article content The World Trade Organization in 2020 largely backed Canada's argument that U.S. levies were unfair. Article content But that stance may be softening. Last month, British Columbia Premier David Eby told Bloomberg News that some Canadian leaders are open to a quota on softwood lumber exports to the U.S. in order to resolve the dispute.
Globe and Mail
an hour ago
- Globe and Mail
CCC Intelligent Solutions Announces Pricing of Secondary Offering of 30 Million Shares of Common Stock
CCC Intelligent Solutions Holdings Inc. (the 'Company') (NASDAQ: CCCS) today announced the pricing of the previously announced secondary offering of the Company's common stock (the 'Offering') by affiliates of Advent International, L.P. (the 'Selling Stockholders') at a price to the public of $9.89 per share. The Offering consists of 30,000,000 shares of the Company's common stock. The Offering is expected to close on or about August 7, 2025, subject to the satisfaction of customary closing conditions. The Offering consists entirely of shares of the Company's common stock to be sold by the Selling Stockholders, and the Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. Goldman Sachs & Co. LLC is acting as book running manager for the Offering. The Offering is being made pursuant to an effective shelf registration statement on Form S-3 (Registration No. 333-267793), which has been filed with the Securities and Exchange Commission ('SEC') and became effective on October 14, 2022. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus. You may get these documents for free, including the prospectus supplement, once available, by visiting EDGAR on the SEC website at Alternatively, copies of the prospectus supplement, once available, and the accompanying base prospectus may be obtained by contacting: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. ABOUT CCC INTELLIGENT SOLUTIONS CCC Intelligent Solutions Inc. (CCC), a subsidiary of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS), is a leading SaaS platform provider for the multi-trillion-dollar insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, and more. The CCC Intelligent Experience (IX) Cloud™ platform, powered by proven AI and an innovative event-based architecture, connects more than 35,000 businesses to power customized applications and platforms for optimal outcomes and personalized experiences that just work. Through purposeful innovation and the strength of its connections, CCC technologies empower the people and industry relied upon to keep lives moving forward when it matters most. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: 'may,' 'will,' 'could,' 'would,' 'should,' 'expect,' 'intend,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'project,' 'potential,' 'continue,' 'ongoing' or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements regarding the Offering, including the expected closing of the Offering. Such differences may be material. We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, closing of the Offering on the anticipated terms or at all; market conditions; and the satisfaction of customary closing conditions related to the Offering; and other risks and uncertainties, including those included under the header 'Risk Factors' in our Form 10-K filed with the SEC on February 25, 2025, which can be obtained, without charge, at the SEC's website ( The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
