Latest news with #FCCQ
Hamilton Spectator
26-05-2025
- Business
- Hamilton Spectator
CN to Invest $475 Million in Quebec to Build Capacity and Power Sustainable Growth
MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $475 million CAD in Quebec, as part of its 2025 capital investment program . This investment will support track maintenance and strategic infrastructure initiatives in Quebec. This includes projects to improve the efficiency of CN's operations at its Taschereau railyard in Dorval, as well as a number of information technology projects that will help better support our customers and modernize our systems. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Quebec and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Quebec will help strengthen the resiliency and efficiency of our network. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate.' - Tracy Robinson, President and Chief Executive Officer of CN 'Rail transportation is a vital pillar of our supply chain for moving goods efficiently. By making significant investments in maintaining its infrastructure, CN is setting an example at a time when the entire transportation ecosystem—especially our government, must place greater emphasis on asset upkeep. Our recent study, Transportation Infrastructure in Quebec: Investing for the Future, presented at the FCCQ, clearly shows that strengthening these efforts yields significant economic and societal benefits.' - Véronique Proulx, President and CEO, Fédération des chambres de commerce du Québec (FCCQ) In 2024, CN invested approximately $633 million in Quebec for track maintenance and key infrastructure initiatives. Highlights from this investment include: Quebec in Numbers : CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CN CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. Contacts:
Yahoo
26-05-2025
- Business
- Yahoo
CN to Invest $475 Million in Quebec to Build Capacity and Power Sustainable Growth
MONTREAL, May 26, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today plans to invest approximately $475 million CAD in Quebec, as part of its 2025 capital investment program. This investment will support track maintenance and strategic infrastructure initiatives in Quebec. This includes projects to improve the efficiency of CN's operations at its Taschereau railyard in Dorval, as well as a number of information technology projects that will help better support our customers and modernize our systems. These investments will help ensure the safe movement of goods and support long-term sustainable growth in Quebec and across CN's network. 'We believe that investing in our network is about building for the future. Our continued infrastructure investment in Quebec will help strengthen the resiliency and efficiency of our network. Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate.' - Tracy Robinson, President and Chief Executive Officer of CN "Rail transportation is a vital pillar of our supply chain for moving goods efficiently. By making significant investments in maintaining its infrastructure, CN is setting an example at a time when the entire transportation ecosystem—especially our government, must place greater emphasis on asset upkeep. Our recent study, Transportation Infrastructure in Quebec: Investing for the Future, presented at the FCCQ, clearly shows that strengthening these efforts yields significant economic and societal benefits.' - Véronique Proulx, President and CEO, Fédération des chambres de commerce du Québec (FCCQ) In 2024, CN invested approximately $633 million in Quebec for track maintenance and key infrastructure initiatives. Highlights from this investment include: Approximately $27 million to upgrade CN's dispatching system and rail traffic control simulator to help better train new employees. Over $40 million for new equipment, which included the purchase of new cranes and a number of vehicles as part of a fleet renewal program to be deployed in Quebec and across CN's network. Quebec in Numbers: Employees: approximately 3,521 Railroad route miles operated: 2,014 Community investments: $4.6 million in 2024 Local spending: $2.1 billion in 2024 Cash taxes paid: $114 million in 2024 CN Forward-Looking Statements Certain statements by CN included in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as 'believes,' 'expects,' 'anticipates,' 'assumes,' 'outlook,' 'plans,' 'targets,' or other similar words. Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking statement. About CN CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since Investment Community Ashley Michnowski Stacy Alderson Senior Manager Assistant Vice-President Media Relations Investor Relations (438) 596-4329media@ (514) while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
HGreg receives a Mercure Award in the EDC International Market Development category
John Hairabedian, HGrégoire; Julie Pottier, EDC MONTRÉAL, May 07, 2025--(BUSINESS WIRE)--Last night, HGreg was honoured at the 2025 Mercuriades Awards ceremony, organized by the Fédération des chambres de commerce du Québec (FCCQ), by receiving the Mercure Award in the EDC International Market Development category. The company was also a finalist in the TELUS Technology Innovation category. The EDC International Market Development Award recognizes the exceptional performance of a Québec company that has implemented an export or foreign direct investment strategy that has led to tangible growth in international markets. HGreg, already well established in Canada, has distinguished itself by the strategic expansion of its activities in the United States, particularly in Houston, where it has experienced sustained growth since the opening of its first dealership in 2023. Quebec-based automotive group is now present in three largest U.S. car markets – Florida, California and Texas. "This recognition is a testament to the strategic vision we have been pursuing for several years: to promote our business model well beyond Quebec," said John Hairabedian, President of HGreg. "Today, HGrégoire has more than 48 new and pre-owned vehicle dealerships across North America and now sells more vehicles in the United States than in Quebec. But it all started here in Quebec. The lessons learned here were the springboard for our international success. The expansion of our activities represents a major step in this direction, and we intend to continue building on this momentum." This is HGreg's second Mercure award, having also been honoured in 2023 by Investissement Québec in the Productivity Increase category. About the Fédération des chambres de commerce du Québec Thanks to its vast network of 130 chambers of commerce and 1,100 corporate members, the Fédération des chambres de commerce du Québec (FCCQ) represents more than 50,000 businesses operating in all sectors of the economy throughout Québec. The FCCQ is the largest network of businesspeople and companies in Québec and is both a federation of chambers of commerce and a provincial chamber of commerce. Its members, whether chambers or companies, all pursue the same goal: to foster an innovative, competitive and sustainable business environment. About HGreg Established in 1993, HGreg is committed to simplifying the car-buying process through its core values of excellence in customer service, transparency, smart use of technology and a refreshing customer-focused philosophy. Supported by a passionate team of car enthusiasts, HGreg operates dealerships in Québec and the U.S., offering both new and pre-owned vehicles. For more information, visit
Business Wire
07-05-2025
- Automotive
- Business Wire
HGreg receives a Mercure Award in the EDC International Market Development category
MONTRÉAL--(BUSINESS WIRE)--Last night, HGreg was honoured at the 2025 Mercuriades Awards ceremony, organized by the Fédération des chambres de commerce du Québec (FCCQ), by receiving the Mercure Award in the EDC International Market Development category. The company was also a finalist in the TELUS Technology Innovation category. The EDC International Market Development Award recognizes the exceptional performance of a Québec company that has implemented an export or foreign direct investment strategy that has led to tangible growth in international markets. HGreg, already well established in Canada, has distinguished itself by the strategic expansion of its activities in the United States, particularly in Houston, where it has experienced sustained growth since the opening of its first dealership in 2023. Quebec-based automotive group is now present in three largest U.S. car markets – Florida, California and Texas. 'This recognition is a testament to the strategic vision we have been pursuing for several years: to promote our business model well beyond Quebec,' said John Hairabedian, President of HGreg. 'Today, HGrégoire has more than 48 new and pre-owned vehicle dealerships across North America and now sells more vehicles in the United States than in Quebec. But it all started here in Quebec. The lessons learned here were the springboard for our international success. The expansion of our activities represents a major step in this direction, and we intend to continue building on this momentum.' This is HGreg's second Mercure award, having also been honoured in 2023 by Investissement Québec in the Productivity Increase category. About the Fédération des chambres de commerce du Québec Thanks to its vast network of 130 chambers of commerce and 1,100 corporate members, the Fédération des chambres de commerce du Québec (FCCQ) represents more than 50,000 businesses operating in all sectors of the economy throughout Québec. The FCCQ is the largest network of businesspeople and companies in Québec and is both a federation of chambers of commerce and a provincial chamber of commerce. Its members, whether chambers or companies, all pursue the same goal: to foster an innovative, competitive and sustainable business environment. About HGreg Established in 1993, HGreg is committed to simplifying the car-buying process through its core values of excellence in customer service, transparency, smart use of technology and a refreshing customer-focused philosophy. Supported by a passionate team of car enthusiasts, HGreg operates dealerships in Québec and the U.S., offering both new and pre-owned vehicles. For more information, visit
Globe and Mail
06-05-2025
- Business
- Globe and Mail
TELUS wins prestigious Mercure for AI-driven productivity enhancement
Driving responsible innovation at scale: More than 57,000 TELUS team members are using secure AI tools daily through the development of 31 custom AI solutions MONTREAL , May 6, 2025 /CNW/ - TELUS is proud to announce that it has won the Mercure in the Productivity Enhancement category at the 45th edition of the Les Mercuriades competition, organized by the Fédération des chambres de commerce du Quebec (FCCQ) . This prestigious award, presented at the gala held on May 5 at the Palais des congrès de Montréal, recognizes TELUS' innovative and responsible approach to the adoption and development of artificial intelligence (AI). TELUS' award-winning initiative sets us apart for its balanced approach, combining cutting-edge technological innovation with the widespread accessibility of AI. More than 57,000 employees use secure, in-house developed AI tools daily to improve efficiency and drive innovation. This strategy has led to the development of 31 custom AI tools, with more than 200 new initiatives underway. "This recognition underscores our commitment to pushing the boundaries of innovation while staying true to our core values," said Nazim Benhadid , Chief Technology Officer (CTO) at TELUS. "Our unique approach to AI demonstrates that it is possible to drive productivity and innovation with privacy and security by design while maintaining the highest ethical standards and putting people at the heart of our strategy. As we continue to explore the potential of AI, we aim to create a more connected and efficient future, while driving a sustainable, positive impact on society." Notable achievements include: Fuel iX, the TELUS-built, enterprise-grade GenAI platform is helping team members save an average of 40 minutes each time they use it for tasks such as research, data analysis, content generation and coding, resulting in more than 500,000 hours (the equivalent to 62,000 working days) reclaimed for higher-value tasks. The AI-powered customer support tool on – the first in the world to receive the international "Privacy by Design ISO 31700-1" certification – has successfully handled over 300,000 customer requests, significantly improving the customer experience. The SPOC (Single Point of Contact) Copilot, an AI-powered help desk tool, has handled over 230,000 conversations since launch last year, significantly improving the employee IT-support experience. The Translation Copilot facilitated the translation of more than 1.8 million words in just two months, promoting faster communications within the company. The AI-powered NEO Assistant empowers field technicians with instant access to critical operational information, from site details to business processes. Actively used by 75% of TELUS field technicians, the tool has facilitated over 7,000 tasks, revolutionizing field operations and improving on-site efficiency. This recognition adds to a string of recent accolades recognizing TELUS' leadership in AI. In December 2023 , TELUS was named an "Outstanding Organization" by the Responsible AI Institute for its commitment to responsible AI. In September 2023 , TELUS entered into a strategic partnership with Mila - Institut québécois d'intelligence artificielle, reinforcing its commitment to the development of ethical and responsible AI for the benefit of society. Earlier this year, TELUS announced plans to build Canada's leading Sovereign AI Factory in collaboration with NVIDIA, a world leader in AI, with the first site launching in Rimouski this summer . This powerful and super-secure facility will give Canadian businesses and researchers access to cutting-edge technology, helping them develop smarter AI products and driving the nation's AI future. TELUS has proudly won several Mercures awards over the years, including in the categories of Sustainable Development Strategy (2023), Excellence in French (2022), Contribution to Economic and Regional Development (2021), Commitment to Community (2018), as well as Large Company of the Year and Proactive Workforce Management (2014). About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company, generating over $20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing 76 million lives worldwide through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed $1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram. For more information, please contact:
