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National Post
9 minutes ago
- National Post
Montreal church fined $2,500 for hosting U.S. Christian singer without permit
The City of Montreal has fined a local church $2,500 for hosting a concert Friday night by the U.S.-based Christian musician Sean Feucht. Article content The city says the church did not have a permit to organize the concert, which it says ran counter to Montreal's values of inclusion, solidarity and respect. Article content Article content Officials have cancelled Feucht's scheduled concerts in several Canadian cities in recent days, including Halifax, Charlottetown and Quebec City. Article content Feucht has spoken out against 'gender ideology,' abortion and the LGBTQ+ community and his religious and political views have grabbed the attention of U.S. President Donald Trump's administration. Article content Montreal police arrested a 38-year-old man during a protest Friday night outside the church. Article content Article content
Globe and Mail
27 minutes ago
- Globe and Mail
Could a Quantum Computing Bubble Be About to Pop? History Offers a Clear Answer
Key Points IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing have reached valuation levels well beyond those seen during prior stock market bubbles. Each of these companies has recently raised capital through a series of equity offerings and stock issuances. These moves could suggest that the valuation levels for these businesses are not only abnormally high, but unsustainable. These 10 stocks could mint the next wave of millionaires › Last summer, companies such as IonQ (NYSE: IONQ), Rigetti Computing (NASDAQ: RGTI), D-Wave Quantum (NYSE: QBTS), and Quantum Computing (NASDAQ: QUBT) were unknown penny stocks. However, as quantum computing steadily made its way toward center stage in the artificial intelligence (AI) realm, each of these companies witnessed meteoric rises in their share prices. Over the last 12 months, IonQ stock has blasted higher by 517%, while Rigetti, D-Wave, and Quantum Computing have experienced surges of at least 1,500% as of this writing (July 21). With valuations reaching historically high levels, could investors be on the verge of witnessing a quantum computing bubble bursting? Is quantum computing in a bubble? The chart below illustrates valuation trends among popular quantum computing stocks on a price-to-sales (P/S) basis. IONQ PS Ratio data by YCharts. As I outlined in a prior article, the quantum computing stocks above are trading at far higher P/S multiples compared to levels seen during the dot-com and COVID-19 stock bubbles. For example, during the internet boom in the late 1990s, stocks such as Amazon, Cisco, and Microsoft experienced peak P/S ratios in the range of 30x and 40x. Taking this a step further, popular COVID stocks such as Zoom Communications and Peloton saw P/S multiples top out at 124x and 20x, respectively. The big theme here is that IonQ, Rigetti, D-Wave, and Quantum Computing are each trading for valuation multiples that could be seen as historically high, even when compared to prior bubble events. With that said, other AI companies that are also exploring quantum computing -- such as Nvidia, Amazon, Alphabet, and Microsoft -- currently trade for much more reasonable valuation multiples when compared to the companies in the chart above. For this reason, I do not think the entire quantum computing landscape is at risk of experiencing a bubble-bursting event. However, IonQ and its peers have been dropping some breadcrumbs in recent months that lead me to think the smaller quantum computing players could be on the verge of a harsh sell-off. What's going on under the hood with quantum computing stocks? After some digging into certain filings with the Securities and Exchange Commission (SEC), I think IonQ, Rigetti, D-Wave, and Quantum Computing may be trying to signal some important things to investors: In February, IonQ announced that it planned to raise up to $500 million through a series of stock issuances. The company doubled down on its capital-raising ambitions more recently, offering 14,165,708 shares at a price of $55.49 -- raising nearly $1 billion in the process. In June, Rigetti raised $350 million in capital after completing an at-the-market (ATM) equity offering. Between June 11 and June 27, D-Wave Quantum raised $400 million through an ATM offering. Of note: This followed a prior raise of $150 million that occurred in January. In late June, Quantum Computing raised $200 million following the issuance of 14 million shares at an average price of $14.25. What's really going on here? With each of these quantum computing stocks trading near all-time highs, it appears to me that management is looking to take advantage of frothy market conditions. IONQ data by YCharts. Quantum computing is a research-heavy, capital-intensive industry. Management at IonQ and its peers surely understand this, and so I see these capital raises as a calculated move to capitalize on inflated, overstretched valuations. Should you invest in quantum computing stocks? To me, any hint of a bubble surrounding IonQ and its smaller peers may already be in the process of bursting. Under the surface, the various stock issuances and equity offerings annotated above could suggest that management does not believe current price levels are sustainable. By using the dot-com and COVID bubbles as benchmarks, history would suggest that a major correction could be on the horizon for these small quantum computing stocks. Issuing stock to raise funds is not sustainable in the long run. Furthermore, consistently diluting shareholders through these offerings could call into question how these companies are allocating capital. In my eyes, if investors are seeking exposure to the quantum computing industry, they are best off exploring more diversified opportunities in big tech as opposed to the smaller, more speculative players analyzed in this piece. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,041%* — a market-crushing outperformance compared to 183% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 21, 2025
Toronto Sun
39 minutes ago
- Toronto Sun
PARKER: Breaking public-school monopoly on education overdue
President Donald Trump speaks during a reception for Republican members of Congress in the East Room of the White House, Tuesday, July 22, 2025, in Washington. Photo by Julia Demaree Nikhinson / AP Photo The administration of U.S. President Donald Trump has been pursuing, on two fronts, the critical objective of fixing America's broken education system. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account One, an executive order by Trump, issued shortly after he assumed office, is to dismantle the Department of Education. Outright closing of the department is only possible by an act of Congress. However, the president is moving to accomplish the same objective administratively by closing offices and major staff eliminations. The Supreme Court recently upheld the president's authority to do this. The second front is the advancement of parental choice in education. Give parents the power and authority to educate their children as they choose and send their children to a school that reflects their values. One need not look further to see the problem than by examining the so-called Nation's Report Card, the biannual test results administered by the National Assessment of Educational Progress. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Results from 2024 are as follows: Grade 4 math, 39% at or above NAEP proficiency standards; Grade 8 math, 28% at or above proficiency; Grade 4 reading, 31% at or above proficiency; Grade 8 reading, 30% at or above proficiency. To those parents who think these are good results, I invite you to continue to allow public schools and teachers' unions to control your child's education. But recent Gallup polling shows most understand there is a problem with our public schools and major change is overdue. Only 29% say they have a 'great deal' or 'quite a lot' of confidence in our public schools. The beginning of important change was recently passed in the One Big Beautiful Bill. The new law contains a provision allowing taxpayers to direct funds to support school choice vouchers. The provision allows a dollar-for-dollar tax deduction up to $1,700 that can be sent to a qualifying Scholarship Granting Organization that can distribute scholarships to qualifying applicants (households earning no more than 300% of their county's median income) who have been accepted and registered in a private school. There is no limitation to the total funds that can be disbursed through the program and no expiration date for the credit, which goes into effect Jan. 1, 2027. This advertisement has not loaded yet, but your article continues below. Although Trump and congressional Republicans deserve major kudos for getting this passed, it still falls short of the mark. It's not enough. The version in the House bill had the credit up to $5,000, but this got whittled down to $1,700 in the bill that finally passed. Per the Education Data Initiative, average tuition in private schools, combining both primary and secondary schools, is $13,302. So, it will take eight $1,700 contributions to reach this. Further, there are some 50 million students in elementary and secondary public schools. To get just 5% out, at an average private tuition of $13,302, means $33.3 billion. That's 19.5 million individual $1,700 contributions. Can this happen? We'll see. But, again, we're just talking about 5%. This advertisement has not loaded yet, but your article continues below. How about using the $82.5 billion discretionary budget of the Department of Education to fund scholarships? Another major obstacle is the provision that requires states to opt into the program. Many believe that blue state governors won't do it. Sad, but possibly very true. Of course, education is more than math and reading. It is a platform of 12 years in which values are transmitted to our youth. If you want to know the values being transmitted, log on to the websites of the two major teachers' unions — the National Education Association and the American Federation of Teachers — and the hard-left agenda emerges loud and clear: DEI, LGBTQ, Trump being called a fascist, advocating liberation from the public schools being called an attack on democracy, etc. With all the horror about what's happening at our universities, Kindergarten-Grade 12 is where it starts. It's time to break the public-school monopoly and give parents control over educating their children. Star Parker is founder of the Center for Urban Renewal and Education Columnists Toronto & GTA Columnists Sunshine Girls Columnists
