logo
In the news today: AG report on company behind ArriveCan out today

In the news today: AG report on company behind ArriveCan out today

Yahoo18 hours ago

In the news today: AG report on company behind ArriveCan out today
Here is a roundup of stories from The Canadian Press designed to bring you up to speed...
AG report on company behind ArriveCan out today
The latest probe into the company behind the controversial ArriveCan app is among four reports being released today by Canada's auditor general.
Karen Hogan looked into all contracts awarded and payments made to GC Strategies for its work on the app to determine whether they were in line with government policy and whether the government got value for taxpayers' money.
In September, the House of Commons unanimously agreed to ask Hogan to look into the contracts and her report is set to be tabled in the House around 10 a.m. ET.
ADVERTISEMENT
As of March 2024, GC Strategies — a two-man team which last week was banned from entering into contracts or real property agreements with the federal government for seven years — had received $100 million in federal government contracts since 2011.
Hogan's previous report on the app's development found it did not deliver the best value to taxpayers and concluded that three federal departments disregarded federal policies, controls and transparency in the contracting process.
Here's what else we're watching...
Panthers rout Oilers 6-1, lead Cup final 2-1
Taking advantage of the Edmonton Oilers' worst performance in several weeks, the defending Florida Panthers pounced on mistakes to win 6-1 in a rout Monday and take a 2-1 series lead in the Stanley Cup final.
Brad Marchand became the oldest player to score in each of the first three games of a final, while Sam Bennett added his NHL playoff-leading 14th goal after making a big hit on Edmonton's Vasily Podkolzin that contributed to the turnover to spring him on a breakaway.
ADVERTISEMENT
Marchand and Bennett have combined to score eight goals for Florida, which was dominant in just about every way.
And it was not just Bennett and Marchand. Carter Verhaeghe and Sam Reinhart each got his first goal of the series, Aaron Ekblad scored to chase Skinner, and Evan Rodrigues added the exclamation point in the waning minutes.
At the other end of the ice, Sergei Bobrovsky earned the 'Bobby! Bobby!' chants from a fired up Florida crowd. The two-time Vezina Trophy-winning goaltender known as 'Bob' was on his game for the very few quality chances the discombobulated Oilers mustered, making 32 saves.
Australia sends help to battle Canadian wildfires
As wildfires continue to burn from northwest Ontario to British Columbia, Canada is getting help from near and far, and very far.
Southern Highlands - New South Wales Rural Fire Service in Australia says a 96-personnel-strong Australian contingent of firefighters and specialists have deployed to Canada for five weeks.
ADVERTISEMENT
The service says the deployment is in response to a request from the Canadian Interagency Forest Fire Centre.
Australian Prime Minister Anthony Albanese says in a tweet that, "When our mates need help, Australia is there."
A post on social media platform X from the official account for the Australian High Commissioner to Canada, Kate Logan, says the crews "are on their way to support their Canadian colleagues battle wildfires in Alberta."
Submissions continue at hockey players' trial
Defence lawyers for five former members of Canada's world junior hockey team are set to continue their final submissions to the judge presiding over the players' sexual assault trial today.
Court heard submissions Monday for lawyers representing Michael McLeod and Carter Hart, and counsel for the remaining three accused will get a turn before prosecutors present their submissions.
ADVERTISEMENT
McLeod's lawyer, David Humphrey, argued the complainant has presented an "entirely unbelievable and unreliable" version of the events at the heart of the trial.
McLeod, Hart and their former teammates Alex Formenton, Dillon Dube and Callan Foote have pleaded not guilty to sexual assault.
The charges relate to an encounter with a woman in a London, Ont., hotel room in June 2018, at a time when many of the team's members were in town for events celebrating their championship win.
Cleanup rules hurting Alberta renewables: report
A report says new cleanup rules for renewable energy sites are hurting the competitiveness of Alberta's industry.
Business Renewables Centre-Canada analyzed the reclamation security requirements for renewables in 27 jurisdictions and found Alberta's are now the most costly.
Under a code of practice for solar and wind projects published last week, the Alberta government says operators must provide an estimate for the cost of dismantling turbines and panels, removing underground concrete infrastructure, hauling waste away, replanting vegetation and other items.
A 30-per-cent security is required upfront, rising to 60 per cent after 15 years to ensure there is enough money for proper cleanup at the sites' end of life.
BRC-Canada says Alberta's upfront security requirement is unusually high and the rules don't take into account the salvage value of the concrete and metals that could be sold to recoup cleanup expenses.
This report by The Canadian Press was first published June 10, 2025.
The Canadian Press

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

AGEDB Technology Announces Share Consolidation
AGEDB Technology Announces Share Consolidation

Yahoo

time30 minutes ago

  • Yahoo

AGEDB Technology Announces Share Consolidation

VANCOUVER, BC, June 10, 2025 /CNW/ - AGEDB Technology Ltd. ("AGEDB" or the "Company") (TSXV: AGET) announces that the Board of Directors have approved a consolidation of the Company's common shares on the basis of one (1) post-consolidated share for every ten (10) pre-consolidated shares (the "Consolidation"). Currently, the Company has 42,383,200 common shares issued and outstanding. Following the Consolidation, the Company will have approximately 4,238,320 common shares issued and outstanding. No fractional shares will be issued but will instead be rounded as provided for in section 83(1) of the Business Corporations Act (British Columbia). The Company's outstanding convertible securities shall be adjusted according to the consolidation ratio. The Company's name and trading symbol on the TSX Venture Exchange shall remain the same. The Company will issue a further news release announcing the effective date in which the Company will commence trading on a consolidated basis. The Consolidation remains subject to the approval of the TSXV. About AGEDB Technology Ltd. AGEDB Technology Ltd. (TSXV : AGET) is a leading provider of enterprise database solutions. The company specializes in advanced database technologies, including graph databases and data processing systems, offering robust solutions to clients worldwide. AGEDB Technology Ltd. On behalf of the board of directors, "Young Seung Ko" Director Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. SOURCE AGEDB Technology Ltd. View original content: Sign in to access your portfolio

1 Delectable Dividend Stock Down 33% to Buy on the TSX Today
1 Delectable Dividend Stock Down 33% to Buy on the TSX Today

Yahoo

time33 minutes ago

  • Yahoo

1 Delectable Dividend Stock Down 33% to Buy on the TSX Today

Written by Amy Legate-Wolfe at The Motley Fool Canada With higher mortgage payments and tighter household budgets, Canadians are looking for ways to make their money stretch a little further. A recent TD Bank survey found that 73% of mortgage renewers plan to cut spending to keep up with payments, and 31% are even pulling money from investments. While this economic pressure can feel discouraging, it also shines a spotlight on investments that offer steady income and long-term potential. Rogers Communications (TSX:RCI.B) is one of those rare dividend stocks that looks especially attractive right now, down 33% and ready for patient investors. Rogers is one of Canada's largest telecom companies, offering wireless, cable, and internet services across the country. It's a household name, whether you're watching Blue Jays games on Sportsnet or streaming on your Rogers-powered Wi-Fi. And while it faced its fair share of challenges recently, the business fundamentals remain strong. As of writing, shares of Rogers trade around $36.67, down about 33% from highs reached before the pandemic and the lengthy process of acquiring Shaw Communications. That merger is now complete, and Rogers emerged with a bigger customer base, more infrastructure, and a firmer grip on the Western Canadian market. It's also now the largest wireless company in the country. In its most recent earnings report for the first quarter of 2025, Rogers reported service revenue growth of 2% and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) growth of 2%, with wireless EBITDA margins hitting 65%, a figure that leads the Canadian industry. Despite rising costs and a softer consumer spending environment, the business continues to generate healthy cash flow and operate efficiently. Its overall EBITDA margin hit 45%, showing that Rogers squeezes out solid performance even under pressure. And it's not just the operational performance that's worth noting. Rogers made progress on its balance sheet, reducing its net debt leverage ratio to 3.6 times, down from 4.5 times at the time of the Shaw merger. A $7 billion equity investment from Blackstone also helped stabilize its financial footing, providing flexibility and confidence moving forward. Dividends are a major part of why investors buy into Rogers. The dividend stock currently pays an annual dividend of $2 per share, which gives the stock a yield of about 5.5% at today's price. That's well above the TSX average and especially attractive in this kind of environment, where fixed-income returns are still catching up. Rogers hasn't cut its dividend through the pandemic or the merger process, making it a reliable choice for income-seeking investors. In fact, $20,000 could earn you around $1,088 at writing in annual dividend income! COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL RCI.B $36.73 544 $2.00 $1,088.00 Quarterly $19,991.12 Another reason Rogers deserves a closer look is its undervaluation. Analysts covering the stock have a 12-month average price target of $49.74. That suggests more than 35% upside from where the stock trades today. The stock's low price-to-earnings multiple makes it a potential bargain, especially for investors who believe the telecom sector will recover as consumer spending improves and cost synergies from the Shaw merger kick in. In a market full of noise and uncertainty, it's nice to come across a dividend stock with a clear path to stability and income. Rogers may not be the flashiest name on the TSX, but that's kind of the point. It provides an essential service, collects recurring revenue, and pays a generous dividend while trading at a discount. So, if you're one of the many Canadians feeling the pinch right now, consider this: a $20,000 investment in Rogers stock today could earn you about $1,088 a year in dividends without touching your principal. Reinvest that income, hold on through the recovery, and you could see meaningful growth on top of that income. The post 1 Delectable Dividend Stock Down 33% to Buy on the TSX Today appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Rogers Communications. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio

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