logo
Alberta regional passenger rail planning continues

Alberta regional passenger rail planning continues

CTV News26-06-2025
Alberta hosted a virtual information session Wednesday to discuss plans to have a rail network connecting Edmonton, Calgary, Banff, Lethbridge and more.
A 'Master Rail Plan' that could chart out a regional passenger rail network across Alberta is months into its planning stage, but don't expect to be able to buy a ticket for more than a decade at minimum.
The provincial government is currently hosting virtual information sessions about lofty ambitions that could see passenger trains running between Calgary to Edmonton, Banff, Lethbridge and more.
'The 15 year delivery plan will provide the framework for government to consider the different options towards the next steps in building passenger rail in Alberta,' Rob Lawson told a virtual session Tuesday night. Lawson is the acting assistant deputy minister involved in Alberta's passenger rail plan.
Specific routes and potential costs are still unknown. Current sessions will consider actions governments can take decades down the road.
'It's not out of the realm of possibility that, even if government decided this fall that they wanted to invest in passenger rail and start implementing 30 year networks, and it might be 15 years before you're buying a ticket to ride on a train service,' said Chris Gentile, the director of passenger rail in Alberta.
Former VIA Rail station, Calgary, June 25, 2025
The former VIA station in Calgary still exists near the Calgary Tower, though the platform is chained up and covered in graffiti.
(Jordan Kanygin, CTV Calgary)
Via Rail
The last proper regional rail service for Calgary was VIA Rail, but the Calgary stop was cut in 1990 to save costs. VIA still operates routes in Alberta through Edmonton and Jasper.
The former VIA station in Calgary still exists near the Calgary Tower, though the platform is chained up and covered in graffiti.
'VIA Rail terminated service in Calgary roughly around 1990. And a lot of the lessons learned still stand today. VIA Rail was very subsidized by the federal government, as it is today,' said David Cooper, a transit expert and mobility consultant.
Any type of expanded regional rail in Alberta will need significant government involvement, Cooper adds, and current provincially-led exploration is a good first step.
'This is quite significant, actually,' Cooper said.
'When you look at how funding plays out with these big infrastructure projects across Canada, it's usually provincial governments and federal governments working together as the main funders of these overall projects. So having them involved in this makes it a lot more real.'
In the virtual sessions about the outlook, provincial officials say high-speed trains are seriously being considered.
'I think a lot of people kind of get a bit pessimistic on high speed trains, but I think Alberta has reached the point where we have the population, we have the commuters, we have the amount of people who are ready and willing to pursue this a bit further,' said Justin Simaluk with the Rail for Alberta Society.
Virtual sessions continue Wednesday and Thursday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What to know about credit card travel insurance as an Air Canada strike looms
What to know about credit card travel insurance as an Air Canada strike looms

CTV News

time2 minutes ago

  • CTV News

What to know about credit card travel insurance as an Air Canada strike looms

The Air Canada check-in area inside Terminal 1 of Toronto Pearson International Airport is pictured in Mississauga, Ont., on Wednesday, Aug. 13, 2025. THE CANADIAN PRESS/Arlyn McAdorey After carefully planning a summer vacation, the last thing on your mind should be finding alternate transportation. But some travellers could be left scrambling as the clock ticks down to a possible work stoppage at Air Canada. The airline says it will gradually suspend its flights starting Thursday after the union representing the airline's 10,000 flight attendants and the airline itself issued 72-hour strike and lockout notices, respectively. They are set to take effect around 1 a.m. ET on Saturday. It can be challenging for customers who are stuck in the crossfire, dealing with delays and cancellations. But travellers may be in luck if they booked their tickets with a credit card that has built-in travel insurance — with one caveat. 'You have to make sure that when you're booking it, it isn't past the date where many of (the credit card companies) would view it as a known event,' said Will McAleer, executive director of the Travel Health Insurance Association. That means as long as the tickets were booked before a potential labour dispute became apparent, the credit card travel insurance would cover it under their trip cancellation policy, McAleer explained. If the ticket was booked via credit card after the strike became foreseeable, the disruption-related costs wouldn't be covered, he added. But it's important to read the fine print of your credit card's travel insurance policy, said Natasha Macmillan, senior business director of everyday banking at Macmillan said consumers need to double-check if labour dispute-related cancellations or delays are covered. Often, the travel policy would specify exclusions such as delays caused by government actions, a pandemic or labour disruption. She said labour dispute coverage can also vary depending on the card type and card provider. For example, some high-end credit cards may cover disruptions from labour strikes even when the tickets were booked after it became a foreseeable event. Macmillan said travellers should also understand their coverage limits and payout rules. 'There tend to be very specific requirements,' she said. For example, some credit card travel insurance may cover up to $5,000 for a trip cancellation, while other cards may have a lower limit. Besides the maximum coverage, McAleer said travellers need to determine if the policy is sufficient for the trip — is it less than or more than what you've paid per traveller. Consumers also need to make sure they meet the terms and conditions of the credit card policy, which could include paying for a large portion of the trip through the credit card, he added. McAleer said if there's a trip interruption when a traveller is already in transit, the airlines usually provide some services, such as meals and hotel stays. During labour disruptions, Steven Harris, a licensed insurance broker and expert, said while passengers are generally entitled to reimbursement for accommodations, meals and rebooking, airlines are not obligated to compensate for additional costs such as prepaid hotel bookings unless they are specifically covered by the airline's policy or a travel insurance policy. Air Canada has said customers affected by flight cancellations will be eligible for a full refund. It has also made arrangements with other carriers to provide alternative options, but warns it could take time to secure capacity given other airlines are already full due to the summer travel peak. Experts say credit card insurance policies come down to understanding the coverage and doing your homework ahead of time. 'We all know there's a reasonable chance this could happen,' he said. 'If I was travelling on those days and likely going to be impacted over that time, I would make that call.' McAleer said it's important to double-check with the credit card administrator to see if the policy covers labour strikes. 'I'd want to call my credit card issuer and see what my protection was likely going to do,' he said. 'Prepare yourself for any surprise.' --- Ritika Dubey, The Canadian Press This report by The Canadian Press was first published Aug. 13, 2025.

Franco-Nevada Q2 Earnings Beat Estimates, Revenues Rise 42% Y/Y
Franco-Nevada Q2 Earnings Beat Estimates, Revenues Rise 42% Y/Y

Globe and Mail

time2 minutes ago

  • Globe and Mail

Franco-Nevada Q2 Earnings Beat Estimates, Revenues Rise 42% Y/Y

Franco-Nevada Corporation FNV reported adjusted earnings of $1.24 per share in the second quarter of 2025, beating the Zacks Consensus Estimate of $1.10. The bottom line increased 65% year over year. Franco-Nevada's Q2 EBITDA Margin Rises Y/Y The company generated record revenues of $369 million in the reported quarter, up 42% year over year. The upside was driven by record gold prices and contributions from Precious Metal assets. In the June-end quarter, 82% of revenues were sourced from Precious Metal assets (70% gold, 10% silver and 2% platinum group metals). The company sold 92,449 Gold Equivalent Ounces (GEOs) from Precious Metal assets in the reported quarter, up from the prior-year quarter's 82,350 GEOs. In the reported quarter, adjusted EBITDA surged 64.8% year over year to a record $366 million. The adjusted EBITDA margin was 99% in the quarter under review compared with the prior-year quarter's 85.3%. FNV's Q2 Financial Position The company had $0.16 billion in cash on hand at the end of the second quarter of 2025, down from $1.45 billion at the end of 2024. It recorded an operating cash flow of $719 million in the first half of 2025, up from $373 million in the prior-year period. FNV now has an available capital of $1.1 billion. Franco-Nevada's 2025 Outlook Backed by a rise in deliveries from Antapaccay, the first full quarter contributions from Porcupine and Côté, and initial contributions from Vale's Southeastern System, the company expects an increase in GEO sales for the second part of 2025. FNV expects total GEO sales to be in the range of 465,000 to 525,000 GEOs for 2025. FNV Stock's Price Performance Franco-Nevada's shares have gained 43.8% in the past year compared with the industry 's growth of 53%. Franco-Nevada's Zacks Rank FNV currently flaunts a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Peer Performances Kinross Gold Corporation KGC reported adjusted earnings of 44 cents per share compared with the prior-year quarter's 14 cents. The bottom line beat the Zacks Consensus Estimate of 33 cents. Kinross Gold's revenues rose 41.7% year over year to $1,728.5 million in the second quarter. It topped the Zacks Consensus Estimate of $1,347.3 million. The rise is attributed to a higher average realized gold price. Agnico Eagle Mines Limited AEM reported adjusted earnings of $1.94 per share for the second quarter of 2025, up from $1.07 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.83. Agnico Eagle Mines generated revenues of $2,816.1 million, up 35.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,553 million. Newmont Corporation NEM reported second-quarter 2025 adjusted earnings were $1.43 per share, up from 72 cents in the prior-year quarter. It topped the Zacks Consensus Estimate of $1.04 per share. NEM's revenues for the second quarter were $5,317 million, up 20.8% from $4,402 million in the prior-year quarter. The figure topped the Zacks Consensus Estimate of $4,582.5 million. The increase in the top line was driven primarily by higher year-over-year realized gold prices. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days 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 Newmont Corporation (NEM): Free Stock Analysis Report Kinross Gold Corporation (KGC): Free Stock Analysis Report Agnico Eagle Mines Limited (AEM): Free Stock Analysis Report Franco-Nevada Corporation (FNV): Free Stock Analysis Report

Leslie Roberts: TIFF cowardly cancels October 7 doc to protect Hamas murderers
Leslie Roberts: TIFF cowardly cancels October 7 doc to protect Hamas murderers

National Post

time2 minutes ago

  • National Post

Leslie Roberts: TIFF cowardly cancels October 7 doc to protect Hamas murderers

The Toronto International Film Festival has taken a deeply troubling stand — revocking an invitation to producers of a new film about October 7, citing video clearance issues and potential 'threat of significant disruption.' Article content This isn't about artistic differences or legal technicalities. It's censorship, plain and simple. And it denies audiences the right to witness the unfiltered reality of Hamas's brutality. Article content Article content Article content 'The Road Between Us' focuses on retired Israeli general Noam Tibon, whose story was widely covered in the days after the attacks. Tibon made a daring rescue of his two granddaughters from the Nova Music Festival, driving into danger to save them from the Hamas assault. His journey is both deeply personal and emblematic of the chaos and heroism of that day. Article content Article content The most contentious element of the documentary is video taken directly from the body cameras of Hamas terrorists. I witnessed the horrors of the Hamas footage during a recent trip to Israel with the Exigent Foundation. The Israel Defense Forces assembled 55 minutes of video footage from body cams and security cameras taken during the October 7 massacre of 1,200 people, mostly civilians. It is chilling. It's hard to watch. But it must be shown. The Hamas filmed video I saw showed terrorists shooting randomly as young people fled for their lives through the fields, and firing into the portable toilets lined up at the festival site, where dozens of festival-goers had taken refuge. They shot through the structures one at a time, as screams from inside were audible. You can see the fear in the eyes of the young festival-goers as some are taken hostage, thrown into the back of pickup trucks while their abductors celebrate. It's horrifying to watch and horrifying to imagine what those kids suffered. It also shows the joy the terrorists took in doing so. Article content Article content Pro-Hamas activists don't want the terrorist-filmed videos widely shown because they leave no room for euphemism or denial. It makes the attackers' intent unmistakable: to kill Jews and destroy Israel. These were not acts of resistance. They were acts of barbarism. Article content Article content Filmmaker Barry Avrich agreed to TIFF's demand to change the title of his documentary from 'Out of Nowhere: The Ultimate Rescue' to 'The Road Between Us.' TIFF also reportedly asked the filmmakers to identify the source of violent footage live-streamed by Hamas and to confirm legal clearance — another roadblock to keep the film from being screened. Disclosure: I worked with Avrich on a different documentary about 15 years ago. Article content TIFF's rationale — that cancelling the screening is about 'clearing rights' from terrorists — collapses under scrutiny. This isn't about intellectual property. It's about suppressing truth that some people find politically inconvenient. As the filmmakers themselves say: 'We are not political filmmakers, nor are we activists; we are storytellers. We remain defiant, we will release the film, and we invite audiences, broadcasters, and streamers to make up their own mind, once they have seen it.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store