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Bombardier reports second quarter income of $178 million
Bombardier reports second quarter income of $178 million

CTV News

time15 hours ago

  • Business
  • CTV News

Bombardier reports second quarter income of $178 million

A plane is seen at a Bombardier facility during a federal election campaign stop, in Dorval, Que., Thursday, April 24, 2025. THE CANADIAN PRESS/Christopher Katsarov MONTREAL — Bombardier Inc. says it had a net income of $178 million in the second quarter, up from $19 million in the same quarter last year. The company says its adjusted net income for the quarter ending June 30 was $117 million, up from $111 million last year. Adjusted earnings per share came in at $1.11 each, compared with $1.04 per share last year. Revenue totalled $2.03 billion in the quarter, down from $2.2 billion in the same period last year. The Montreal-based manufacturer says the quarter saw a sharp increase in orders, including in its defence division, while service revenue also rose. The company reported a backlog of $16.1 billion at the end of the quarter, up $1.9 billion from the end of the previous quarter. This report by The Canadian Press was first published July 31, 2025.

Winnipeg Police to step up Scrap Metal Act enforcement
Winnipeg Police to step up Scrap Metal Act enforcement

Winnipeg Free Press

time7 days ago

  • Winnipeg Free Press

Winnipeg Police to step up Scrap Metal Act enforcement

Winnipeg police say they are cracking down on thefts of copper and alleged violations of a provincial law that punishes scrap metal dealers who buy stolen goods. The unions for Winnipeg firefighters and Manitoba Hydro workers, as well as people who live near homeless encampments, and the opposition Tories had demanded the law be better enforced. They've said the copper wire fires and cable theft that put them and the public at risk will stop once the purchasers are charged under the Scrap Metal Act and stop buying stolen copper. Christopher Katsarov / THE CANADIAN PRESS FILES The Scrap Metal Act prohibits a person from selling such things as metallic wire that has had insulation or casing removed from it, unless they can provide proof of ownership to the dealer at the time of the transaction. The purpose of the law, which took effect in 2022, is to deter thieves from stealing public and private property, then selling it as scrap metal, a Winnipeg Police Service spokesman said Thursday, adding officers are currently probing alleged violations of the law. He confirmed there have not been any charges laid under the law since 2023, when police swooped down on a scrapyard in Springfield in relation to catalytic converter thefts. Justice Minister Matt Wiebe said this week the industry 'in general, has been good to work with' but police are pursuing 'the bad actors.' 'We want to be able to support them in cracking down on it,' he said. The law prohibits a person from selling a catalytic converter or such things as metallic wire that has had insulation or casing removed from it, unless they can provide proof of ownership to the dealer at the time of the transaction. It requires a scrap metal dealer to obtain proof of identification from the seller and retain records about the transaction, limit cash purchases of scrap metal and provide regular reports to law enforcement agencies. 'They have a clear picture of how these thefts are impacting communities and they have a clear sense of which businesses or who's supporting this kind of illegal activity,' Wiebe said. 'When it comes to theft, when it comes to any kind of organized crime — and certainly that could be the case when it comes to this kind of scrap metal or copper thefts — they've got the support of the provincial government and they know that we're going to continue to support their efforts to crack down on this.' The toxic smoke from wire fires at a nearby urban encampment prompted neighbour Howard Warren to publicly call for enforcement of the Scrap Metal Act. He said the illegal burns would stop if there were no longer a market for the ill-gotten copper wire. The United Firefighters of Winnipeg expressed concern about the health hazards of toxic smoke from people burning wires and cables to get at valuable copper. Troy Craig, the business representative for the International Brotherhood of Electrical Workers Local 2034, said people who try to steal copper wire from Manitoba Hydro sites have been electrocuted. 'If they don't have a market to sell it into, then it goes away,' Craig said about the potentially deadly problem. Progressive Conservative justice critic Wayne Balcaen, a former police chief, said last week that scrap metal dealers needed to be checked to ensure they're obeying the law. Activist Sel Burrows said a crackdown should result in a reduction in the number of fires in vacant houses. The former North Point Douglas resident said he's had two landlords tell him that their properties have been torched just for the copper wires inside. 'Homeless people will be encouraged to break in and light a fire or have a fire happen. Then, in the week or so after, people will go in and strip all the copper out of the house,' Burrows said Thursday. Tuesdays A weekly look at politics close to home and around the world. 'We have laws that are really good laws, but they have to be enforced —and it's not just the police, it's bylaw enforcement and various inspection systems,' said Burrows, who founded the Powerline to encourage North Point Douglas residents to anonymously report criminal activity. 'This is a principle of crime prevention: the bad guys, the people who commit crime, stop doing it as soon as they get caught doing it,' he said. Meanwhile, the neighbour who raised the alarm about hazardous smoke from encampment wire fires said this week that there have been no recent toxic blazes. However, Warren said, the 'chaos' continues nearby. 'What has been going on is random 24-hours-a-day hammering, sawing, chopping in the forest directly in front of our house as the encampment here continues to grow in size and chaos,' he said. Carol SandersLegislature reporter Carol Sanders is a reporter at the Free Press legislature bureau. The former general assignment reporter and copy editor joined the paper in 1997. Read more about Carol. Every piece of reporting Carol produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press's tradition, since 1872, of producing reliable independent journalism. Read more about Free Press's history and mandate, and learn how our newsroom operates. Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber. Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.

CF Montreal pledges rebuild in open letter
CF Montreal pledges rebuild in open letter

Toronto Sun

time23-07-2025

  • Sport
  • Toronto Sun

CF Montreal pledges rebuild in open letter

'We have not met the standards we set for ourselves, nor those you have the right to expect.' Published Jul 23, 2025 • 2 minute read CF Montreal's Prince Osei Owusu (9) reacts after missing the net during second half MLS soccer action against Inter Miami, in Montreal, on Saturday, July 5, 2025. Photo by Christopher Katsarov / The Canadian Press Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. MONTREAL — CF Montreal has started its rebuild quickly. 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 The Major League Soccer club announced Wednesday that it has acquired 21-year-old defender Efrain Morales from Atlanta United in return for US$450,000 in 2025 general allocation money (GAM) and $350,000 in conditional GAM. Atlanta would also retain a percentage of a future transfer involving Morales The move came hours after club executives published an open letter to fans that acknowledged the team's shortcomings and stated the club would begin a new chapter rooted in ambition, pride and winning. President and CEO Gabriel Gervais, managing director of recruitment and sporting methodology Luca Saputo and managing director of academy strategy and roster management Simone Saputo signed the letter. Montreal is currently languishing at the bottom of the MLS with a 3-15-6 record — for 15 points in 24 games — and dropped out of the Canadian Championship with a quarterfinal loss to lower-tier Forge FC of the Canadian Premier League in a bleak season. 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. The letter said supporters would see concrete steps toward a rebuild in the upcoming transfer windows. The MLS summer window, which allows clubs to sign players plying their trades in other countries, opens Thursday. Montreal had the league's lowest payroll last season. Morales is making $112,019 this year, according to the website Morales began his professional career in 2020 with Atlanta United 2, where he had three goals and an assist over three USL Championship seasons and three MLS Next Pro seasons. He made his MLS debut with Atlanta in a 3-0 victory over the Charlotte Independence in the fourth round of the U.S. Open Cup on May 7, 2024. Over two MLS seasons, Morales has played 648 minutes over nine games and picked up one assist. He also played in three U.S. Open Cup games. This advertisement has not loaded yet, but your article continues below. Born in Decatur, Ga., Morales represents Bolivia on the international stage. Full letter: 'We have not met the standards we set for ourselves, nor those you have the right to expect. That is why we felt the need to communicate with you directly today. We share your dissatisfaction with the Club's results, and it is our responsibility to build a winning team that we can all be proud of. That is why we have decided to undertake a rebuild and launch a new chapter at CF Montreal. A chapter based on ambition and pride. A new era with victory at the heart of our sporting ambitions, while also honouring our rich history and the connection with you, our 12th player. We know that trust is regained through actions. As such, during the upcoming transfer windows, you will see concrete steps, a committed team, and strong initiatives aimed at rebuilding, together, a Club that deserves your loyalty.' Sports Golf Canada Toronto & GTA Columnists

Rules rewritten: How the NCAA is shaking up major junior hockey in Canada
Rules rewritten: How the NCAA is shaking up major junior hockey in Canada

Toronto Sun

time22-07-2025

  • Sport
  • Toronto Sun

Rules rewritten: How the NCAA is shaking up major junior hockey in Canada

This month, the best player in major junior hockey chose a new development path. Medicine Hat Tigers star Gavin McKenna warms up before a Memorial Cup game in Rimouski, Que., on Friday, May 23, 2025. (THE CANADIAN PRESS/Christopher Katsarov) This month, the best player in major junior hockey chose a new development path. 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 Medicine Hat Tigers star Gavin McKenna announced on ESPN SportsCenter he would play for the Penn State Nittany Lions this fall in his final season before likely being picked No. 1 in the 2026 NHL draft. This wouldn't have been possible except for the NCAA changing a long-standing – and frankly, archaic – rule last fall to let skaters with Canadian Hockey League experience join U.S. college teams. That's not all. They also can be paid hundreds of thousands of dollars for their services. The reported and repeated price tag for McKenna has been $700,000, though some agents and hockey observers don't think it's nearly that high in reality. The bottom line is Canada's most marketable hockey teen has opted to play south of the border and the Memorial Cup runner-up Tigers got nothing in return. It's a clear blow for the CHL, though its president believes it will take at least two or three years to determine the overall impact. 'When this rule change happened, universally, the (CHL) leadership group said it gave players more opportunity and choice,' Dan MacKenzie told Postmedia this week. 'We felt that was a good thing. I would stick by that. Gavin McKenna made the choice he felt was best for his career and it's within his rights to do that. This advertisement has not loaded yet, but your article continues below. 'We're going to cheer him on next year.' For decades, talented kids as young as 15 had to pick either major junior or the NCAA. Some, like McKenna, will get to experience both before making the jump to the NHL. But there remain big factors to consider: quality of team and competition, length of season, importance of education and advancement opportunities. London Knights general manager Mark Hunter. (File photo) 'It's going to be interesting – both sides – where it all ends up,' said Mark Hunter, GM of the defending Memorial Cup champion London Knights. 'If you have a good program and spend time on your development side and make sure the players are doing everything they can to get better as a person and hockey player, your program will be fine. The ones that are not, it could be a struggle. Players can come and go. Everyone thinks it's greener somewhere else. It's not always . . .and there's no crystal ball here. 'The lay of the land is interesting right now.' SHOW US THE MONEY THE CHL is banking on McKenna as a unicorn. The Yukon 17-year-old played two productive seasons in Medicine Hat, but wasn't eligible for this year's NHL draft because he was born in December. The NHL draft cutoff date is Sept. 15. He's hardly the first phenom affected by a late birth date. This advertisement has not loaded yet, but your article continues below. It happened to Auston Matthews 10 years ago. Instead of playing for the Western league's Everett Silvertips or a U.S. college, the future Toronto Maple Leafs captain opted to join Zurich in Switzerland for a reported $400,000 salary. McKenna has set the bar with his take-home pay at Penn State. Will there be a million-dollar NCAA hockey player at some point? Certainly, Connor McDavid would have commanded seven figures had he been in this situation in his junior days. Buffalo Bills owner Terry Pegula walks onto the field during warmups before the preseason game against the Pittsburgh Steelers at Acrisure Stadium on August 19, 2023 in Pittsburgh, Pennsylvania. (Photo by) Penn State's big-name donor is alumnus Terry Pegula, who owns both the Buffalo Sabres and the NFL's Bills. The Pegula Ice Arena where McKenna will play seats just over 6,000 – more than Medicine Hat, but not nearly the size of some other big junior teams. Still, a university's ability to raise money is not limited to ticket sales and sponsorship like most junior franchises. 'There are only a handful of brand-name schools in hockey,' said player agent Andrew Maloney, of Maloney & Thompson Sports Management. 'There are some things we already know, but there is still some uncertainty. How much of a chilling factor will (money) have on players leaving the CHL early? What does the CHL-NHL agreement look like down the road? And how much money will be thrown around at these schools? This advertisement has not loaded yet, but your article continues below. 'I feel like (the payments) are not going to go down. Those are things we don't know at this point.' One NHL scout, speaking on condition of anonymity, called this a 'test dummy year' in the NCAA's drive to recruit CHL blue-chippers. 'In my opinion, how many schools can afford to keep doing this?' the scout said. 'Are you only paying for first-liners, or will fourth-liners get NIL (Name, Image, Likeness) money, too? That's up in the air right now. And if this doesn't work out, how are you going to get kids to come back who aren't actually NHL players and are going for an education? 'There isn't an answer to that yet.' This leads to the obvious question: Will the CHL counter by relaxing its recruitment rules and letting players be paid salaries instead of weekly stipends? The three leagues have defended themselves from lawsuits by claiming their players are student-athletes who live with billets and earn tuition for years spent in the major junior ranks. MacKenzie noted that everything is currently 'on the table.' 'The financial element is something I think for the vast majority of players shouldn't be the context for a real decision-making factor,' he said. 'For the vast majority of those players, the money being offered isn't life-changing and . . . shouldn't alter your development path. If you believe playing in the CHL in your 19th year is what's best, but you will forego NIL money, you will probably make it back when you sign your NHL contract. This advertisement has not loaded yet, but your article continues below. 'I think money is part of the equation. It's not all the equation.' THE HARD NUMBERS The CHL's biggest worry isn't just McKenna. Keaton Verhoeff, another sure-fire NHL top five pick in 2026, committed to North Dakota after two years with the WHL's Victoria Royals. The 17-year-old defenceman is an elite talent the CHL would like to retain for a few more seasons. So far, five major junior players have made the move to U.S. college this summer for what would be their 17- or 18-year-old seasons. Most NCAA commits from the CHL – 85 per cent – are forgoing their over-age season (20 years old) or graduates no longer eligible for junior hockey. That includes Memorial Cup-winning London Knights goalie Austin Elliott and CHL top netminder Jackson Parsons of the Kitchener Rangers. Austin Elliott of the London Knights makes a save during Game 1 of their OHL playoff series against the Owen Sound Attack at Canada Life Place in London on Friday March 28, 2025. (Derek Ruttan/The London Free Press) The CHL figures the NCAA rule change resulted in 225-plus players from other leagues choosing major junior for the coming season, while 143 U.S.-born players were selected in the OHL, WHL and QMJHL drafts – the most in a decade. 'It's pretty clear at this point younger players that would have previously played in the BCHL (B.C. Hockey League) or otherwise are good enough to play major junior,' Maloney said. 'Those guys are coming into the league now at age 16 and 17. Some of the high-end 20-year-olds are not coming back for an over-age season. They're going to the NCAA. So are guys who previously went to Canadian university. Now they're getting a shot at U.S. college and all of that is very positive. This advertisement has not loaded yet, but your article continues below. 'What's less clear is what will happen with those high-end 17- to 19-year-olds. Gavin McKenna didn't win the Memorial Cup, but what else could he possibly do in junior?' THE TUG-OF-WAR The benefit of attracting a talent like McKenna is obvious. If you're a Nittany Lion, you get to play with him. If you're in the Big 10, you get to play against him and that's also good for your development. But by staying in the CHL, you can experience longer regular seasons and the intensity of traditional NHL-style playoffs. 'You can't teach how to play in a seven-game series,' MacKenzie said. 'NHL teams like to see their drafted players go through it. It's a grind and it becomes a tell. It's harder to identify for players who only play 34 games and could get knocked out after two games in March (in college).' Montreal Canadiens defenseman Lane Hutson reacts in the third period of their NHL game against the New York Rangers on Nov. 30, 2024, in New York. (AP Photo/Adam Hunger, File) Reigning Calder Trophy winner Lane Hutson of the Canadiens and the Sharks' 2024 NHL first overall pick Macklin Celebrini were ousted early while together at Boston University. Unless things change dramatically, you still need quality third- and fourth-year players to win a national title. It's the same as requiring top-notch 19-year-olds to win the Memorial Cup. 'You interview the kids before the draft and ask them about their plans,' the NHL scout said. 'No team will try to sway them, because this is 2025 and it's their career. Some say they have options and will know what to do after they're picked. This advertisement has not loaded yet, but your article continues below. 'All of them are promised rainbows and lollipops by teams and schools, but they have to see what it's like when they get there. It might not end up being what they thought and we'll see in November if some players go kicking and screaming back to where they were.' It will take time for most CHL markets to offer what many NCAA programs do in terms of dressing room, gym and facilities. The OHL recently showed off the Oshawa Generals' gorgeous home space on social media, but that's more the exception than the rule. Eight CHL teams, including Oshawa, Kitchener, Barrie and London, are upgrading facilities while three more – Sudbury, Brantford and Ottawa – plan new arenas. The CHL also expanded its import draft to three rounds, resulting in about 20 more players being selected. 'Our teams were keen on making sure we continue to have the calibre of play as high as it can be,' MacKenzie said. 'The third import was designed to do that. There are always topics on the agenda to make sure we're developing players in the best way and have the right environment – be it facilities, training and staff – as they get older. 'We want to continue to be a place where 19-year-olds can thrive.' LOOSE ENDS Sam Dickinson was the CHL's top defenceman last season. This advertisement has not loaded yet, but your article continues below. If the 19-year-old doesn't make the Sharks this fall, he'll be sent back to the London Knights, just like Easton Cowan of the Maple Leafs when he was the same age. Sam Dickinson of the London Knights celebrates after scoring to give his team a 3-0 lead over the Owen Sound Attack in Game 1 of their OHL playoff series at Canada Life Place in London on Friday March 28, 2025. (Derek Ruttan/The London Free Press) The American league is not available to CHL players like Dickinson or this year's top picks, such as Michael Misa and Porter Martone, until they're in their age-20 year. The NCAA is only an option for players who remained unsigned by their NHL teams. 'I don't know why it's a rule (anymore), because they've professionalized themselves in every way,' Maloney said of U.S. colleges. 'But you still can't go back to school after signing a contract. The CHL and NHL will negotiate at some point and we'll see what happens after that.' There are two years remaining on the NHL-CHL deal, but that can be reopened to discuss teens playing in the American league. 'The NHL has not exercised that yet,' MacKenzie said. 'Based on the reporting around the CBA (collective bargaining agreement), that's on their minds. We have been partners with the NHL for a long time and will talk to them about this issue.' The CHL produced 90 selections (40 per cent) in the NHL draft last month – the most in nine years – and at least 21 first-round picks for the fifth time since 1969. But the big question is where they end up after hearing their name called. 'I think we'll see the best 17- and 18-year-olds playing against their draft class peers (in the CHL),' the scout said, 'but will we see them pushed against the best 19- and 20-year-olds trying to make it to the Memorial Cup? 'We don't know.' rpyette@ WILL THIS CHANGE? (2025 NHL draft picks by NHL teams) Canadian Hockey League: 90 United States Hockey League: 40 Sweden: 34 Russia: 22 NCAA: 9

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