Montreal Airport Plans $7.3 Billion Revamp With Government Backing
The Canada Infrastructure Bank said it will lend C$1 billion to support Aeroports de Montreal, the company that manages the airport. The upgrades include new access roads, a building to connect the airport terminal with a transit line, taxiways, tarmacs, and passenger processing areas.
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44 minutes ago
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ORION MINE FINANCE PROVIDES UPDATE ON ITS BENEFICIAL OWNERSHIP OF COMMON SHARES OF I-80 GOLD CORP.
TORONTO, Aug. 18, 2025 /CNW/ - Orion Mine Finance announced that Orion Mine Finance Fund II LP, a limited partnership managed by Orion Mine Finance Management II Limited and Orion Mine Finance Fund III LP, a limited partnership managed by Orion Mine Finance Management III LLC (collectively, "Orion"), sold a total of 3,350,800 common shares (each a "Common Share") of i-80 Gold Corp. ("i-80") from August 13, 2025 to August 15, 2025 (with 702,619 Common Shares sold on August 13, 2025, 1,257,543 Common Shares sold on August 14, 2025 and 1,390,638 Common Shares sold on August 15, 2025) over the facilities of the Toronto Stock Exchangeat prices of C$0.8017 on August 13, 2025, C$0.8272 on August 14, 2025 and C$0.9056 on August 15, 2025 in cash per Common Share for aggregate gross proceeds of C$2,862,889.94 (collectively, the "Transactions"). Immediately prior to the Transactions, Orion and its affiliates (collectively, the "Orion Group") owned 20,727,351 Common Shares and 16,808,788 Warrants. Additionally, immediately prior to the Transactions, US$67,133,712 (the "Loan Amount") was outstanding under the convertible credit agreement, dated December 13, 2021 (the "Convertible Loan") between, among others, OMF Fund III (F) Ltd. (a member of the Orion Group) and i-80. The Loan Amount is comprised of the US$50 million initial principal amount and interest that has accrued since December 13, 2021, which results in additional Common Shares being issuable upon conversion of the Loan Amount. The principal amount of the Convertible Loan or any portion thereof is convertible intoCommon Shares at the option of the lenders at a conversion price of C$3.275 per CommonShare (the "Conversion Price")at any time prior to the earlier of (a) the business daypreceding maturity date of the Convertible Loan and (b) the date of repayment in full of the principal amountof the Convertible Loan and all accrued and unpaid interest thereon (the "ConversionRight Expiry Date").Accrued and unpaid interest on the principal amount of the Convertible Loan is alsoconvertible, in whole or in part, into Common Shares at the option of the lenders at anytime prior to the Conversion Right Expiry Date at a conversion price equal to the volumeweighted average trading price of the Common Shares for the five trading daysimmediately preceding the conversion of such amounts owing, subject to the approval ofthe Toronto Stock Exchange. In certain circumstances, i-80 also has the right torequire the lenders to convert all or any portion of the principal amount into CommonShares at the Conversion Price. Assuming an exchange rate of C$1.27 to US$1.00, the exchange rate prescribed under the Convertible Loan, the Loan Amount was convertible into 46,713,024 Common Shares immediately prior to the Transactions which, together with the Common Shares and Warrants held by the Orion Group immediately prior to the Transactions, represented approximately 9.58%of i-80's issued and outstanding Common Shares on a partially diluted basis (based on there being 816,047,291 Common Shares issued and outstanding and assuming conversion in full of the Loan Amount and exercise in full of the Warrants owned by the Orion Group). Immediately following the Transactions, the Orion Group owned 17,376,551 Common Shares and 16,808,788 Warrants and, subject to the assumptions set out above, the Loan Amountwould be convertible into 46,713,024 Common Shares, representing approximately 9.20%of i-80's issued and outstanding Common Shares on a partially diluted basis, a decrease of approximately 6.20% since the date of Orion's most recently filed early warning report in respect of i-80 and approximately 0.38% compared to immediately prior to the Transactions (based on there being 816,047,291 Common Shares issued and outstanding and assuming conversion in full of the Loan Amount and exercise in full of the Warrants owned by the Orion Group). Prior to the date hereof, i-80 and Orion agreed that i-80 will not issue any Common Shares pursuant to the terms of certain Warrants and the Convertible Loan to the extent that any such issuance would result in the Orion Group owning more than 9.99% of the issued and outstanding Common Shares immediately after giving effect to such issuance, subject to a potential increase to a 19.99% cap provided that any increase will not be effective until at least 60 days after Orion delivers notice of such increase to i-80. The Orion Group's disposition of Common Shares pursuant to the Transactions was made in the ordinary course of its business operations. T he Orion Group has no current plan or intentions which relate to, or would result in, acquiring additional securities of i-80, disposing of securities of i-80, or any of the other actions requiring disclosure under the early warning reporting provisions of applicable securities on market conditions, the Orion Group's view of i-80's prospects and other factors the Orion Group considers relevant, the Orion Group may acquire securities of i-80 from time to time in the future, in the open market or pursuant to privately negotiated transactions, or may sell all or a portion of its securities of i-80. This news release is being issued under the early warning reporting provisions of applicable securities laws. An early warning report with additional information in respect of the foregoing matters will be filed and made available under the SEDAR+ profile of i-80 at . To obtain a copy of the early warning report, you may also contact Dov Lader, Group Chief Operating Officer of Orion Resource Partners (USA) LP at 212-596-3467. Orion Mine Finance Management III LLC 's address is 251 Little Falls Drive, Wilmington, Delaware, USA, 19808. Orion Mine Finance Management II Limited's address is Cumberland House, 7th Floor, 1 Victoria Street, Hamilton HM11 Bermuda. i-80's head office is located at 5190 Neil Road, Suite 460, Reno, Nevada, 89502, United States of America. Orion's ownership of Common Shares is now below the reporting threshold prescribed by applicable Canadian securities laws. Forward-Looking Information Certain statements in the press release are forward-looking statements and are prospective in nature, including statements with respect to conversion of amounts owing under the Convertible Loan into Common Shares, the exercise of Warrants and the Orion Group's future intentions regarding the securities of i-80. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Such forward-looking statements should therefore be construed in light of such factors, and the Orion Group is not under any 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 required by applicable law. SOURCE Orion Mine Finance View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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an hour ago
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2 Dirt-Cheap Stocks to Buy With $1,000 Right Now
Written by Rajiv Nanjapla at The Motley Fool Canada Amid the expectation of rate cuts by the Federal Reserve due to easing inflation and solid second-quarter earnings, the S&P/TSX Composite Index has continued its uptrend, rising 12.9% year to date. However, the following two Canadian stocks have failed to impress investors and have lost a substantial percentage of their stock values this year. Given their discounted stock prices and healthy growth prospects, I expect these stocks to outperform over the next three years. Lightspeed Commerce Lightspeed Commerce (TSX:LSPD), which offers omnichannel commerce solutions to businesses worldwide, has been under pressure this year, with the company losing 22% of its stock value. Meanwhile, the company posted a healthy first-quarter performance of fiscal 2026 last month, beating its guidance. Its top line of $304.9 million was higher than its guidance of $285-$290 million. Year over year, its revenue grew 14.6% amid the expansion of customer locations and increased ARPU (average revenue per user). Increased software prices and growing adoption of its payments have increased its ARPU. Meanwhile, the company's net losses rose from $35 million to $49.6 million. Higher direct, general and administrative, research and development, sales and marketing, interest, and tax expenses led to an increase in its net losses. However, its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) increased by 55.9% to $15.9 million. Further, it ended the quarter with cash and cash equivalents of $447.6 million and is well-equipped to fund its growth initiatives. Amid the expanding e-commerce market, enterprises are adopting an omnichannel selling model, thereby expanding Lightspeed's addressable market. Also, the company is developing and introducing new innovative products and artificial intelligence-powered features to strengthen its position. Moreover, the company's management has reiterated its three-year guidance, with its gross profit and adjusted EBITDA projected to grow at an annualized rate of 15-18% and 35%, respectively. Therefore, the Montreal-based company's growth prospects look healthy. Further, the recent pullback in Lightspeed's stock price has dragged its NTM (next-12-month) price-to-sales multiple down to an attractive 1.4, making it an excellent buy. WELL Health Technologies Another cheap Canadian stock that I am bullish on is WELL Health Technologies (TSX:WELL), which has lost 30.3% of its stock value this year. The ongoing investigation into Circle Medical's billing practices appears to have made investors nervous, dragging its stock price down. However, it reported an excellent second-quarter performance last week with record revenue, adjusted EBITDA, and adjusted net income. Its revenue grew 57% to $356.7 million amid organic growth, acquisitions, and $40.5 million contributions from HEALWELL AI. It had over 1.7 million patient visits during the quarter, with around one million coming from Canada. The tech-enabled healthcare company's adjusted EBITDA rose 231% to $49.7 million during the quarter, while its adjusted EPS (earnings per share) came in at $0.10, representing a significant improvement from $0.02 in its previous year's quarter. Meanwhile, the growing adoption of virtual healthcare services and the digitization of clinical procedures have expanded the addressable market for WELL Health. Meanwhile, the company is developing and launching artificial intelligence-powered products to expand its customer base and strengthen its position. Additionally, the company is continuing with its inorganic expansions and has completed 14 acquisitions year to date. It has signed 15 letters of intent that can contribute $134 million to its annualized revenue. Considering its organic and inorganic growth initiatives, I believe its growth prospects look healthy. Additionally, the company currently trades at 11.3 times analysts' projected earnings for the next four quarters, which looks cheap considering its healthy growth prospects. Considering all these factors, I expect WELL Health to deliver oversized returns over the next three years. The post 2 Dirt-Cheap Stocks to Buy With $1,000 Right Now appeared first on The Motley Fool Canada. Should you invest $1,000 in Shopify right now? Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor Canada analyst team identified what they believe are the 15 best stocks for investors to buy now… and Shopify wasn't one of them. The 15 stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,427.64!* Now, it's worth noting Stock Advisor Canada's total average return is 94%* – a market-crushing outperformance compared to 61%* for the S&P/TSX Composite Index. Don't miss out on our top 15 list, available when you join Stock Advisor Canada. See the 15 Stocks * Returns as of July 15th, 2025 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution Fool contributor Rajiv Nanjapla has no position in any of the stocks mentioned. The Motley Fool recommends Lightspeed Commerce. The Motley Fool has a disclosure policy. 2025
Yahoo
2 hours ago
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Air Canada cabin crew strike enters day four as talks resume
By Allison Lampert and Wa Lone MONTREAL/TORONTO (Reuters) -Air Canada flight attendants extended their strike into a fourth day on Tuesday, although the union said both sides had resumed talks as hundreds of thousands of passengers had flights canceled during the busy summer travel season. The Canadian Union of Public Employees' (CUPE) refusal to follow a federal labor board order for the flight attendants to return to work has created a three-way standoff between the company, workers, and the government. It has also raised the stakes in a dispute that is now closely watched by other labor groups. The union had met with Air Canada and mediator William Kaplan in Toronto, CUPE said in a statement on Facebook late Monday. The strike is still on, it said. The two sides had not spoken since before the strike began. A source said there are discussions being held on whether to hold mediation, but with the condition that the flight attendants return to work. Jobs Minister Patty Hajdu had urged both sides to consider government mediation and raised pressure on Air Canada, promising to investigate allegations of unpaid work in the airline sector, a key complaint of flight attendants who say they are not paid for work on the ground. Flight attendants have for months argued new contracts should include pay for work done on the ground, such as boarding passengers. Air Canada's CEO in a Reuters interview defended the airline's offer of a 38% boost to flight attendants' total compensation on Monday but acknowledged a big gap with the union's demands and stopped short of offering plans to break the deadlock. The union has said Air Canada's offer only accounts for 17.2% higher wages over four years. CUPE's leader said earlier he would risk jail time rather than allow cabin crews to be forced back to work by the labor board, which declared the strike unlawful. The union says the strike will continue until the carrier negotiates on wages and unpaid work, even after the Canada Industrial Relations Board (CIRB) declared the strike unlawful. Retiree Klaus Hickman missed a flight to Toronto earlier in the week. While he rebooked on another airline, he was concerned about returning to Calgary on time for a connecting flight to Germany. Hickman sympathizes with workers demanding better pay but is worried about his own health and travel challenges. "They want to get more money to survive. And so it is with everybody else," he said. Canada's largest carrier normally carries 130,000 people daily and is part of the global Star Alliance of airlines. SLEEPING IN AIRPORTS James Numfor, 38, from Regina, Saskatchewan, has been stranded in Toronto for two nights since returning from Cameroon for his brother's funeral. Air Canada only provided one night in a hotel for his family before leaving them without further support, he said. "We sleep in the airport ... we find any place comfortable with the kids, they just lay down," Numfor said. Numfor said passengers feel abandoned in a dispute between management and unions. The government's options to force an end to the strike include asking courts to enforce the order to return to work and seeking an expedited hearing. The minority government could also try to pass legislation that would need the support of political rivals and approval in both houses of parliament, which are on break until September 15, but has so far been cautious. Other labor organizations are voicing support for the flight attendants. Bea Bruske, President of the Canadian Labour Congress, Canada's largest labor organization, told Reuters they are ready to join the Air Canada strike if necessary. "All cards are on the table in terms of what unions are prepared to do to ramp up a fightback campaign," said Bruske, whose organization represents 3 million workers across Canada. Help could include financial contributions to cover legal costs for CUPE, she said. Air Canada's pilot union, the Air Line Pilots' Association, said it encouraged its members to join the picket lines during their time off. "Air Canada pilots support our flight attendant colleagues in their ongoing struggle to achieve the fair contract they have earned," it said in a statement. "This is an important moment for organized labor across Canada." (Additional reporting by Divya Rajagopal; Writing by Caroline Stauffer; Editing by Sam Holmes)
