logo
AtkinsRéalis signs nuclear collaboration agreement with France's EDF

AtkinsRéalis signs nuclear collaboration agreement with France's EDF

CTV News6 hours ago

AtkinsRéalis headquarters are seen in Montreal on Nov. 10, 2023. THE CANADIAN PRESS/Christinne Muschi
MONTREAL — Engineering firm AtkinsRéalis Group Inc. has signed a nuclear collaboration with Électricité de France.
The company says the agreement with the French company expands an existing partnership in an effort to work together to respond to new nuclear reactor opportunities around the world.
The deal includes potential collaboration on engineering support, equipment, operations, installation and commissioning, and co-operation between the global technology centres of both organizations.
It also includes potential collaboration around waste management and fuel production.
The companies will continue to compete on reactor technology vendor selection processes where appropriate.
AtkinsRéalis's nuclear business includes its Candu Energy Inc. subsidiary.
This report by The Canadian Press was first published June 9, 2025.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What Canadian investors need to know about the Trump tax bill
What Canadian investors need to know about the Trump tax bill

Globe and Mail

time22 minutes ago

  • Globe and Mail

What Canadian investors need to know about the Trump tax bill

If the first six months are any indication, the reign of U.S. President Donald Trump is going to be a rough one for Canadian investors. First, the stock market plunged earlier this spring as Mr. Trump's tariffs started a global trade war. Stocks have mostly recovered, but a new threat has emerged in the form of legislation that would allow Washington to ramp up the taxation of Canadians holding U.S. stocks. The One Big Beautiful Bill Act is not yet law – it passed in the U.S. House of Representatives by a single vote but must still pass in the Senate – and may change in scope. For now, it has the potential to more than double the tax applied to dividends from U.S. companies received by Canadian investors and corporations. The ultimate effect of the tax changes could be costly in total but perhaps not so bad on an individual basis. Regardless, it's too early to make changes in your investment portfolio. 'Currently, we're not making any moves, and I'm recommending everyone do the same thing and just wait to see what the information actually is,' said Justin Bender, a portfolio manager at PWL Capital. 'Then we can assess and see if there's any changes necessary.' Wealth managers brace for proposed U.S. tax bill's impacts on Canadian clients What's in Trump's big budget bill? From cuts to taxes and Medicaid, here's what to know Ultimately, Section 899 of the legislation could introduce a withholding tax of 20 to 50 per cent of dividends received by Canadians. There are estimates that this extra tax could cost individual investors, pension funds and others billions of dollars. The point of Section 899 is to give the U.S. a weapon to punish what it considers to be unfair taxes in other countries. Thought to be a target is our digital services tax, which mainly applies to U.S. tech giants generating revenue in Canada. Estimates from Mr. Bender show a worst-case additional drag on returns of 0.46 percentage points from U.S. stocks and U.S. equity exchange-traded funds when the higher withholding tax is fully phased in over four years. Think of this cost as being in addition to the management expense ratio of an ETF or mutual fund. If your return from a U.S. equity fund was a net 10 per cent with the management expense ratio (MER) included, then a higher withholding tax could ultimately leave you with as little as 9.54 per cent. Note that fund returns are always published on a net basis, with the MER included and, where applicable, foreign withholding taxes already deducted. Under existing U.S. tax law, there is a base withholding tax rate of 30 per cent for foreign investors holding U.S. stocks. A Canada-U.S. tax treaty generally reduces this rate to 15 per cent. No withholding tax applies to U.S. dividends paid into registered retirement savings plans and registered retirement income funds by U.S.-listed stocks and ETFs. There's no clear sense of whether this exemption would continue to apply under Section 899. In a non-registered account, you can offset the 15-per-cent withholding tax by claiming an offsetting foreign tax credit. In a TFSA, registered education savings plan, first home savings account or registered disability savings plan, the withholding tax cannot be recovered; it is also non-recoverable in RRSPs and RRIFs if you hold a Canadian-listed U.S. equity ETF. Canadian investors have a massive level of exposure to U.S. stocks directly and through funds. About $60-billion is invested in just four TSX-listed ETFs that track the S&P 500 index. But investing in the S&P 500, and the even more tech-focused Nasdaq, is much more about growth than dividend income. The dividend yield on the S&P 500 right now is about 1.3 per cent, half the level of the yield on Canada's S&P/TSX composite index. 'It's very low, which is why this tax maybe isn't as much of an issue as people are making it out to be,' Mr. Bender said. 'Some extra withholding taxes are probably not going to blow up your financial plan.' Mr. Bender added that the impact is further diminished by the fact that most investors have diversified their U.S. exposure with bonds and Canadian stocks, plus international markets in many cases. Investors who use ETFs for exposure to U.S. stocks can buy funds listed on U.S. exchanges as well as those located in Canada. Among Canadian-listed funds, there are those that hold U.S. stocks directly and those that are effectively a wrapper for a U.S.-listed fund in the same corporate family. Mr. Bender said each of these three ETF types would be affected similarly by higher U.S. withholding taxes. Are you a young Canadian with money on your mind? To set yourself up for success and steer clear of costly mistakes, listen to our award-winning Stress Test podcast.

A timely start to strawberry season at Tincap Berry Farm near Brockville, Ont.
A timely start to strawberry season at Tincap Berry Farm near Brockville, Ont.

CTV News

time35 minutes ago

  • CTV News

A timely start to strawberry season at Tincap Berry Farm near Brockville, Ont.

The strawberry picking season is underway in eastern Ontario. Tincap Berry Farm - just eight kilometres north of Brockville - sold its first batch of 2025 on Saturday. According to market manager Terri Dentz, it's a typical time to start the season and a nice change of pace from 2024 and 2023. 'Last year we started selling strawberries I think on May 28 or something,' says Dentz. 'So much, much earlier last year and the year before that.' The window to grow strawberries is limited in eastern Ontario's climate, but it's something Tincap is used to and it's why the farm is happy that this year's season started a bit later. 'Both of those years were really hard for us as producers to just manage the different weather conditions,' says Dentz. According to Environment Canada, Brockville's average temperature in May was 12.8 C - down from an average of 15.5 C in May 2024 - part of what allowed Tincap to start picking at its regular time. Starting to pick strawberries on May 28 compared to June 7 is a difference of just 11 days. In the grand scheme, it isn't a huge difference. But it does have an impact on the farm's day-to-day operation. 'That real extreme warmth brings the crop on early, but it means we have to do more frost protection, means we have to do more management.' Dentz says weather has been harder to predict in recent years, but the farm just has to adjust accordingly. Tincap Berry Farm also grows asparagus, raspberries, pumpkins and apples throughout the year. More details to come.

Another northern Ont. beer store to close
Another northern Ont. beer store to close

CTV News

time41 minutes ago

  • CTV News

Another northern Ont. beer store to close

The Beer Store has announced its latest round of closures, affecting one outlet in northern Ontario. The store in Iroquois Falls will close Aug. 10, one of 10 locations that will cease operating that day. The Beer Store has announced its latest round of closures, affecting one outlet in northern Ontario. The store in Iroquois Falls will close Aug. 10, one of 10 locations that will cease operating that day. The other stores are mainly in the GTA, the company said in a news release Monday. 'We made the difficult decision to close these retail locations. We will continue our focus on what we do best, ice-cold beer, great customer service and a world-class recycling program that last year returned more containers than we sold,' Ozzie Ahmed, vice-president of retail, said in the release. Changing marketplace 'Modernizing operations in a changing marketplace is never easy. We know this will be difficult news for customers and employees. The Beer Store is committed to treating employees with respect and supporting them during this process.' Efforts will be made to support employees through this process in alignment with commitments and agreements, the release added. In addition to Iroquois Falls, a beer store in Sault Ste. Marie has been converted into a distribution warehouse. And last year, beer stores in Cochrane, Geraldton and Nipigon all closed. The decision to close the store has been driven, in part, by the fact that convenience stores are now allowed to sell beer and wine. A list of stores still operating can be found here.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store