Hundreds of Canadian creditors out millions as werewolf movie frozen by insolvency
If you're a book lover, you may have heard of the Wolves of Mercy Falls roman-tasy series. Shiver, the much-anticipated film based on the first novel, wrapped up filming in Vancouver late last year. But Jason Proctor reports that the production company formed to make the film has gone into insolvency, leaving hundreds of Canadian creditors out of millions of dollars.
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CTV News
an hour ago
- CTV News
Completion date for Walker Road-Tecumseh Road construction project delayed again
The completion date for a construction project around Tecumseh Road East and Walker Road in Windsor is being pushed back again. The Tecumseh Road East infrastructure renewal project was scheduled to be completed by July but is now scheduled for completion in August due to additional work that's been identified. An ENWIN spokesperson tells AM800 News that while performing road restoration work, it was identified that additional repairs are required in order to ensure the long-term durability of the roadway. This work is being completed now, while traffic controls are already in place, to help avoid future disruptions and is anticipated to reduce the need for further major maintenance or construction in the coming years. Traffic on the west side of Walker Road will be reduced to one lane in each direction, controlled by traffic signals in late June. No left turns will be permitted at the Tecumseh/Walker intersection during this time. Ward 4 Councillor Mark McKenzie calls this latest delay ridiculous, given it was supposed to be done in Fall 2024. 'We heard back in March; they said it would be eight to 12 weeks, which would put it at the end of May. The end of May has come and gone. We were told it would be maybe the beginning or mid-July; now we're hearing it's going to be August,' he said. The current work is the continuation of a project that started in May 2024, and it includes a new 1,200-meter-long concrete water main, along with road paving and surface restoration. Along with the intersection, the work has impacted several surrounding roads, including Memorial Drive, Turner Road, Factoria Road, Milloy Street and Chandler Road, all near the Met Campus of Windsor Regional Hospital. McKenzie says he's hearing from residents every day about this project. 'You have people who are speeding up and down these residential streets now trying to avoid the delays that you're seeing on Walker Road and Tecumseh Road because of this never-ending construction project,' he said. McKenzie says he doesn't understand why this project is taking so long. 'Something needs to be done here; there need to be timelines that are set in these contracts. If these contractors can't hit these timelines, these deadlines, then they should be penalized for it. You see that in other municipalities and in the states as well,' he said. - By Rusty Thomson/AM800 News
CBC
2 hours ago
- CBC
Sask. celebrates Indigenous Peoples Day with dancing, march — and a new logo design for Roughriders
People across Saskatchewan celebrated National Indigenous Peoples Day on Saturday, hosting a range of gatherings at museums, cultural centres and public parks. National Indigenous Peoples Day has been observed nationally every June 21 since 1996 to celebrate and highlight the unique cultures, languages and traditions of Canada's Indigenous communities. Celebrations in Saskatchewan began on Friday, allowing schools to participate, with the City of Regina hosting an event in Victoria Park. Hundreds of people gathered for dancing performances, educational experiences and a grand entry of local Indigenous and community leaders. "It's really important to the people to know that we are valued within Regina and within Saskatchewan as Indigenous people, and that we are not an invisible minority," said Ashley Poorman-Rope, who attended the event. "It's important to know that we do exist and our culture does continue to thrive." Several local schools participated in the event, giving students the opportunity to engage with the cultural presentations and try dance lessons. "We're talking to the kids about why this was important and showing them," said Georgina Lee, who teaches grades 6 and 7 at Marion McVeety elementary school in Regina. "We have a lot of new immigrant families at our school and a lot of newcomers, so this is most of their first time doing this, having this experience." The gathering in Victoria Park was followed by events at Royal Saskatchewan Museum, which hosted special displays of Indigenous artifacts, organized beading activities and showcased a song by the Kawacatoose Boys' Singers and Dance Troupe. "It's such an important day to be celebrating," said Parks, Culture and Sport Minister Alana Ross at the event, saying it's important "we celebrate and all learn and appreciate our culture in Saskatchewan." Celebrations also began Friday in Saskatoon, with several thousand people attending the Rock Your Roots Walk for Reconciliation procession, which honoured residential school victims and survivors. Many attendees wore orange — the colour associated with reconciliation and remembrance of residential school survivors — to the event, which was accompanied with drumming, dancing and other performances. Shaylynn Naytowhow was one of the marchers. For her, the event demonstrated "reconciliation in action," and that Indigenous identity is worth celebrating. "I feel like I'm here for the children," she said. "The children from the past who are now no longer here, but also the children in the present, right now. They need to learn the importance of this, the importance of their identity." On Saturday, Wanuskewin Heritage Park outside Saskatoon hosted a day-long event with dancing, traditional games, and singing. In Regina, the Saskatchewan Roughriders announced a new Indigenous variation for their logo, adding new colours for the 2025 CFL season. It was designed by Chris Chipak of Red Pheasant Cree Nation. The logo is an updated version of the original Indigenous logo created by Chipak that was unveiled in September 2024, which was predominantly green. "I think Indigenous culture really embraces all of these bright and bold colours, and that was maybe one thing that was missing from the green version, which we love, but didn't have that real 'punch,'" said Mark Habicht, who runs the Roughrider's retail operations.
Globe and Mail
2 hours ago
- Globe and Mail
With Growth Poised to Explode, Is Lucid Stock Finally a Buy?
(NASDAQ: LCID) appears to be one of the benefactors of Tesla 's recent stumble and fall. Lucid management noted an uptick in customers trading in their Teslas for a possibly less politically charged ride. And while the broader U.S. electric vehicle (EV) industry is struggling to grow as many anticipated, Lucid has set itself up extremely well for growth over the coming year. But does all this make it a buy finally? Let's find out. Setting records The broader EV industry might be sputtering right now, and investors might be grappling with the impact of tariffs, but Lucid has been on fire, in a good way. Lucid delivered 3,109 vehicles during the first quarter, a solid 58% jump compared to the prior year. It marked the sixth straight quarter for record deliveries, and it comes right on the cusp of Lucid accelerating production and deliveries for its most recent launch, the Gravity SUV. Lucid had only recently become satisfied with producing all the inventory needed for employees, studios, and test driving, and can now accelerate production for mainstream consumers. For investors who have grown accustomed to Lucid's strong delivery performance after years of disappointments, the good news is that the Gravity SUV should easily drive the company's results going forward. In fact, the Gravity SUV is estimated to have a market size six times that of Lucid's Air sedan. Analysts expect Lucid sales to increase 73% in 2025 and another 96% jump in 2026 compared to prior years. That's not even taking into account the upcoming midsize platform that will underpin numerous models at a more affordable price tag. Lucid's surge also comes at a good time as once-dominant EV player Tesla is facing consumer backlash due to CEO Elon Musk's brief stint in politics, which has resulted in the downward spiral of sales in key markets. In fact, Lucid's interim CEO, Marc Winterhoff, even noted there was a dramatic uptick in recent months in orders from former Tesla drivers. Is Lucid a buy now? With momentum seemingly in Lucid's corner in the near-term, despite a stagnating U.S. EV market, it might look like a good time for long-term investors to jump in. But there are a few things to consider. The first red flag came after reporting a near $400 million fourth-quarter loss when the EV maker announced that CEO Peter Rawlinson, who led the company for 12 years, would be stepping down. Lucid did its best to downplay the situation, but analysts weren't buying it, going as far to say product development could stall, consumer demand could be dampened, and additional funding opportunities could be at risk. It's also true that one of the biggest risks facing Lucid investors is the company's access to funding. The young company is rapidly burning through cash; its shareholder dilution is accelerating; and Saudi Arabia's Public Investment Fund (PIF) owns roughly 60% of Lucid through multiple investments throughout the company's life. On one hand, this is a substantially well-funded partner that gives Lucid access to much needed capital. On the other hand, being so reliant on one investor is never a good thing. Should Saudi's PIF pull support, it would be a massive overhang on the stock and make accessing funding more challenging and expensive. Ultimately, for as much momentum and potential as Lucid has, , there's too much uncertainty facing the company right now for most investors to buy in. The company needs to find the right leadership to lead the company and reassure investors. It also needs to reduce its cash burn while improving scale and margins. Plus, it needs to navigate potential industry supply disruptions, broader EV demand decline, and potential price increases due to tariffs. Lucid needs to execute the production ramp of the Gravity SUV and have it be a hit with consumers. If Lucid does all of those things, then it might be time to buy before the company goes into its next growth phase driven by a new midsize platform and more affordable price tag of around $50,000. Should you invest $1,000 in Lucid Group right now? Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor 's total average return is994% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
