CTV National News: CUPE says Air Canada attendants earn less than minimum wage, airline disagrees
Tensions rise between Air Canada and its flight attendants as negotiations continue to move towards a strike. Sean Leathong reports.
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Globe and Mail
14 minutes ago
- Globe and Mail
Vertiqal Studios Announces Q2 2025 Results
Toronto, Ontario--(Newsfile Corp. - August 15, 2025) - Vertiqal Studios Corp. (TSX: VRTS) (FSE: 9PY0) ("Vertiqal" or "the Company"), a leading digital-channel network and video-production studio, as well as the owner of North America's largest gaming and lifestyle network on social media, today announced its financial results for the three months ended June 30, 2025. Key Financial Highlights (Year over Year) Below is a summary of the financial results for the three and six months ended June 30, 2025, and June 30, 2024. Three months ended March 31, 2025 Three months ended March 31, 2024 Variance % Six months ended March 31, 2025 Six months ended March 31, 2024 Variance % Revenues 777,766 1,104,170 -30% 1,483,611 1,947,079 -24% Gross Profit 500,997 868,146 -42% 1,068,183 1,522,991 -30% Total Expenses 1,042,964 1,749,090 -40% 2,923,563 2,999,180 -3% Net Loss (541,967) (880,944) -38% (1,855,380) (1,476,189) 26% EBITDA (462,446) (953,899) -52% (1,816,978) (1,586,152) 15% Financial Highlights of Q2 2025 Revenue Composition and Growth: Vertiqal Studios reported a 30% decrease in revenue compared to the second quarter of 2024, or a 24% decrease for the year-to-date period. This decrease followed an industry-wide cooling off of advertising spend as a result of macroeconomic pressures, as well as Snapchat's previously announced plan to merge its Discover and Spotlight tabs, which created temporary monetization challenges industry-wide, compounded by lower CPMs in January and February 2025. Vertiqal saw a significant rebound in March, producing 101% revenue growth year over year on Snapchat. Gross Margin: The Company achieved a healthy gross margin of 64% for the quarter and 72% for the six months year-to-date, reflecting continued operational efficiency. While macroeconomic pressures, industry-wide advertising slowdowns, and shifts in platform monetization strategies impacted topline revenue earlier in the year, Vertiqal has already seen renewed momentum. The Company remains encouraged by its stable gross margins and anticipates improved monetization performance in upcoming quarters, supported by both the seasonal upswing in advertising and expanded opportunities from forthcoming acquisition strategies. About Vertiqal Studios Vertiqal Studios, owners of North America's largest gaming and lifestyle network on social media, is a leading digital-channel network and video-production studio. The company specializes in the creation and distribution of viral videos for brands and advertisers to create always-on digital strategies that live authentically in Gen Z and Millennial culture. Vertiqal Studios partners with leading brands to develop strategic solutions, creative ideation, and content production, while also providing distribution and amplification through its Owned & Operated channels — all delivered with boutique, white-glove service. Its expertise lies with managing over 140 channels across TikTok, Instagram, and Snapchat, while producing over 100+ pieces of content a day for a growing audience of 52 million-plus followers. For more information and to join our email subscriber list for direct press releases and newsletters, visit Forward-Looking Information This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Globe and Mail
14 minutes ago
- Globe and Mail
Northwest Healthcare Properties Real Estate Investment Trust Announces August 2025 Distribution
Toronto, Ontario--(Newsfile Corp. - August 15, 2025) - Northwest Healthcare Properties Real Estate Investment Trust (TSX: (the " REIT" or " Northwest"), a global investor and operator of healthcare infrastructure assets in North America, Australasia, Brazil, and Europe, announced today that the Trustees of the REIT have declared a distribution of $0.03 per unit for the month of August 2025, representing $0.36 per unit on an annualized basis. The distribution will be payable on September 15, 2025, to unitholders of record as at August 29, 2025. For the August distribution, Northwest is offering a distribution reinvestment plan (the "DRIP") whereby on the distribution date, eligible unitholders registered in the DRIP will have their cash distributions reinvested to purchase Trust Units and will also receive bonus Trust Units equal to 3% of their cash distributions. Complete details of the DRIP are available on the REIT's website at As announced in the company's second quarter 2025 results issued on August 12, 2025, commencing with the September distribution (payable on or about October 15, 2025), the REIT has suspended its DRIP until further notice and unitholders enrolled in the DRIP will receive distribution payments in cash. If the REIT elects to reinstate the DRIP in the future, unitholders that were enrolled in the DRIP at the time of its suspension and remain enrolled at the time of its reinstatement will automatically resume participation in the DRIP. About Northwest Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at August 12, 2025, of interests in a diversified portfolio of 168 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Australasia, Brazil and Europe. The REIT's portfolio of medical outpatient buildings, clinics, and hospitals is characterized by long-term indexed leases and stable occupancies. Northwest leverages its global workforce in eight countries to serve as a long-term real estate partner to leading healthcare operators. For additional information please visit:
CTV News
14 minutes ago
- CTV News
China files WTO complaint over Canada steel duties
Rolled coils of steel sit in the yard at Algoma Steel Inc., the second largest steel producer in Canada, along the St. Marys River in Sault Ste. Marie, Ont., Thursday, July 24, 2025. THE CANADIAN PRESS/Nick Iwanyshyn Beijing, China -- China filed a complaint with the World Trade Organization (WTO) over Canadian steel import restrictions on Friday, the commerce ministry said, escalating simmering trade tensions between Beijing and Ottawa. Economic and political relations between China and Canada have been testy in recent years, with trade ties deteriorating even as both countries are targeted by US President Donald Trump's tariff blitz. Last month, Canadian Prime Minister Mark Carney announced an additional 25 percent tariff on steel imports that contain steel melted and poured in China. He said the move was needed to protect the domestic industry after the United States increased import duties on steel to 50 percent, prompting fears that firms would divert exports and dump steel in Canada. China's commerce ministry said in a statement that it had filed a complaint against the Canadian measures on Friday, labelling them 'discriminatory' and saying they 'disregarded WTO rules'. 'Such actions are typical unilateral and protectionist measures that undermine China's legitimate rights and interests and disrupt the stability of global industrial and supply chains for steel,' it added. The WTO complaint comes days after Beijing announced new temporary duties on Canadian imports of canola and preliminary levies on halogenated butyl rubber -- a material used for tyre linings and hoses -- as well as an anti-dumping probe into Canadian pea starch imports. Canada said on Tuesday it was 'deeply disappointed' with the move to impose duties on canola. Beijing had already slapped a 100 percent surcharge on various Canadian agricultural products in March, in what it said was a response to Ottawa's decision last year to place 100 percent tariffs on Chinese electric vehicles.
