In the news today: Local news continues shrinking, P.M.'s blind trust explained
Here is a roundup of stories from The Canadian Press designed to bring you up to speed...
Local news coverage in steep decline: report
The number of local news outlets has been in significant decline in Canada, leaving suburban residents in particular "starving" for local coverage, a new report found — and creating gaps for misinformation to take hold.
The report by the Canadian Centre for Policy Alternatives found that almost 2.5 million Canadians live in a postal code with either one or zero local news outlets, double the proportion from 2008.
Put bluntly, 'local news is dying,' said David Macdonald, report co-author and CCPA senior economist.
'Without local news, disinformation, often from social media, will happily fill the void of high-quality, trusted local news.'
Mark Carney's blind trust, explained
Prime Minister Mark Carney's critics have been asking pointed questions lately about the assets in the former central banker's blind trust — a tool meant to allow politicians to avoid conflicts of interest.
How do blind trusts work?
A trust is a legal arrangement that forms whenever a beneficiary's assets, like stocks and bonds, are managed by a trustee.
In a blind trust, an individual's assets are managed by an arm's-length third party with no pre-existing personal or professional relationship with the beneficiary.
That third-party adviser manages the individual's assets — making trades and sales and purchasing new investments — all without the beneficiary's knowledge for as long as the trust is in place.
Tariffs pose risk for Canada's greenhouse sector
U.S. tariffs on Canadian goods pose a big risk for the greenhouse sector, which relies heavily on exports south of the border and would suffer if importers buy less because of the trade war.
'These tariffs have some significant consequences,' said Richard Lee, executive director of Ontario Greenhouse Vegetable Growers. Ontario grows the majority of greenhouse vegetables in Canada.
The three-day tariffs that were in place earlier this month cost the Ontario greenhouse sector more than $6 million, Lee said.
On March 4, U.S. President Donald Trump enacted tariffs on Canadian and Mexican imports. Just two days later, he announced a one-month pause on goods that meet the rules-of-origin requirements under the Canada-U.S.-Mexico Agreement.
Quebec to table bill to strengthen secularism
The Quebec government will table new legislation today to strengthen secularism in the province's schools.
Education Minister Bernard Drainville says that religious accommodations have no place in Quebec schools and that science, sex education and gender equality must be taught properly.
The government is planning to update Quebec's Education Act following a controversy over reports of religious practices at several of the province's public schools.
Drainville says he was "stunned" to learn about the situation at Bedford elementary school in Montreal, after a government report last fall documented a toxic climate created by a group of teachers.
Manitoba budget to include payroll tax cut
The Manitoba budget to be released Thursday is expected to include help for businesses and new spending to create infrastructure jobs.
The spending plan will reduce the Health and Post Secondary Education Tax Levy -- commonly called the payroll tax -- for roughly one-thousand businesses, a government source told The Canadian Press.
The threshold at which businesses begin to pay the tax will rise to $2.5 million of annual payroll from the current $2.25 million, and the threshold at which a second rate kicks in will rise to $5 million from the current $4.5 million, the source said.
The source spoke on condition of anonymity because they were not authorized to speak on the record.
Premier Wab Kinew recently appeared to leave the door open to phasing out the tax entirely over time.
School support workers union ratifies new deal
The union for school support staff in Edmonton says its 3,000 members are to return to work Thursday after ratifying a new deal with the public school board.
Members voted 93 per cent in favour of the new deal, which the Canadian Union of Public Employees has said includes a higher wage package.
Workers from the Parkland and Black Gold school divisions also ratified deals and will return to work Thursday, while those at the Calgary Board of Education accepted an agreement and are back at work Friday.
A tentative deal has been reached with the union chapter representing the Foothills School Division, the last of the nine striking school divisions to reach an agreement.
---
This report by The Canadian Press was first published March 20, 2025
The Canadian Press
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Post
43 minutes ago
- New York Post
Trump's support keeps growing while Democrats howl at the moon
California Sen. Alex Padilla recently crashed a press conference by Homeland Security Secretary Kristi Noem. He deliberately wore no identification. He gave no advance warning that he would disrupt her briefing. Instead, Padilla barged forward to the podium, shouting about the deportation of illegal aliens. Advertisement Immediately, Padilla got his media-moment wish — once Secret Service agents, who had no idea who he was, forcibly removed him. Alex Padilla unsuccessfully attempted to push past law enforcement to reach Noem's lectern. AP Sen. Cory Booker (D-NJ) recently attempted a pseudo-filibuster, speaking nonstop for 25 hours straight — not to delay legislation, but to fixate on President Donald Trump. Advertisement South Carolina Democratic state Rep. Julie von Haefen posted on social media an image of a bloody guillotine. It bore the title 'In these difficult times, some cuts may be necessary' and was juxtaposed with an image of a hanging, beheaded Trump, who, a year ago, was the target of two failed assassination attempts. The more Los Angeles Mayor Karen Bass and California Gov. Gavin Newsom scream at Trump for nationalizing the California Guard to stop LA's nightly violent anti-ICE protests, the more the two appear on the side of those who riot, destroy property and attack police. Yet who really wants to side with illegal aliens who spit on and burn American flags while waving Mexican flags? Former Democratic candidate Hillary Clinton, along with other prominent Democrats, mocked the recent Washington, DC, military parade commemorating the 250th anniversary of the army, comparing it unfavorably with their own concurrent 'No Kings' anti-Trump protests. Advertisement Those demonstrations — subsidized by left-wing billionaire donors — were utterly incoherent. No other president has faced more lower federal court injunctions blocking executive orders than Trump. People march down Fifth Avenue at the No Kings protest against Trump on June 14, 2025 in New York. Zuma / Indeed, dozens of cherry-picked, left-wing district judges — the real unchecked 'kings' — now routinely block almost every one of Trump's executive orders. Advertisement Why are opposition Democrats not offering alternative agendas and compromises? Could they partner with Trump to allow green cards to illegal aliens who have no criminal records, have not been on public assistance, are now employed and have resided in the United States for over five years? Could Democrats meet with the president to express bipartisan support for democratic Israel in its existential war with theocratic Iran? Instead, why do Democrats throw two-year-old temper tantrums to howl nihilistically at everything Trump says and does? One, exasperated Democrats lack all levers of political power — the Congress, the White House and the Supreme Court. So, they take to the media and the streets. Two, Democrats are permanently frustrated that the more they scream and stomp, the more polls show radical declines in public support for their party. Three, their nemesis, 79-year-old Trump, seems impervious to Democratic lawfare, threats and smears. Advertisement Despite the hysterical attacks, he is still polling now about where prior presidents like George Bush and Barack Obama were at similar junctures in their second terms. The more Trump is smeared as a fascist or dictator, the more polls — like the latest liberal Economist/YouGov survey — show him gaining public support for securing the border and deportation. And the more the Left damns Trump as a racist, the more he wins unprecedented black and Hispanic support. Advertisement In recent Rasmussen tracking polls, Trump garnered 54% approval from black voters and 53% from Hispanics. Four, Trump proves a hard-to-hit, moving target for the frustrated left. He cannot quite be pigeonholed as a predictable right-wing bogeyman. Unlike the Left, when Trump weighs in on the Ukraine war, he first begins by deploring the tragic waste of over a million lives. No one is more pro-Israel. Yet he has offered a losing Iran a chance to negotiate its way out of total and humiliating defeat. Advertisement Trump talks nonstop about protecting the middle class. Unions like him; Wall Street mostly despises him. Trump wants to deport as many illegal alien criminals as possible. But he is willing to consider green cards for unlawful aliens who are working, crime-free and with long residence in the US. The Trump counterrevolution barrels ahead. The people cheer. And Democrats keep barking at the moon. Victor Davis Hanson is a distinguished fellow of the Center for American Greatness.
Yahoo
an hour ago
- Yahoo
3 Under-$50 Canadian Stocks to Buy for Superior Long-Term Returns
Written by Rajiv Nanjapla at The Motley Fool Canada Investing in equity markets is an excellent means to build wealth over the long term. You don't require huge capital to start your investment journey. Making small but regular investments in quality stocks can create substantial wealth over the long term. Let's look at three stocks with healthy long-term growth potential that you can buy with just $50. Savaria (TSX:SIS) is one of my top picks due to its solid financial performance and healthy growth prospects. The accessibility solutions provider posted a healthy first-quarter performance last month, with its top line growing by 5.2% amid favourable currency translation and organic growth. Its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) rose 17.2% to $40.6 million, while its adjusted EBITDA margin expanded from 190 basis points to 18.5%. The company also strengthened its financial position, with its net debt-to-adjusted EBITDA improving from 1.63 to 1.49. It also ended the quarter with $254.7 million of available funds, therefore well-equipped to fund its capital investments and growth opportunities. Moreover, the aging population and rising income levels continue to drive the demand for accessibility solutions. Given its innovative product launches, widespread manufacturing facilities, and solid dealer network, Savaria is well-positioned to benefit from the expanding addressable market. Additionally, the adoption of its 'Savaria One' initiative has led to structural improvements, strengthening of its production capacity, and enhanced operational efficiencies. Notably, the company also pays monthly dividends, with its forward yield at 2.83%. Considering all these factors, I expect Savaria to deliver superior returns over the next five years. Another under-$50 Canadian stock that I am bullish on is Docebo (TSX:DCBO), which offers scalable and personalized learning programs through its end-to-end learning platform. The company had posted an impressive first-quarter performance last month, beating its revenue and profitability guidance. Its top line grew 11.5% to $57.3 million amid strong performance from its subscription segment. The company posted a net income of $1.5 million during the quarter. However, removing one-time or extraordinary expenses, its adjusted net income stood at $8.5 million, translating into an adjusted EPS (earnings per share) of $0.28. Its adjusted EPS represents a 16.7% increase from the previous year's quarter. It also generated $9 million of free cash flow during the quarter, accounting for 15.6% of the company's total revenue. The LMS (Learning Management System) market is expanding amid rising remote working, technological developments, and its cost-effectiveness and scalability. Meanwhile, Docebo is focusing on innovation and has launched several artificial intelligence-powered products, which could strengthen its position. Additionally, its expanding customer base and growing average contract value are likely to support its financial growth in the years to come. Meanwhile, amid the recent weakness, the company has lost over 40% of its stock value this year, with its NTM (next 12 months) price-to-earnings multiple falling to 22.9, making it an excellent buy. My final pick is WELL Health Technologies (TSX:WELL), a tech-enabled healthcare company that facilitates healthcare professionals to deliver positive patient outcomes. The digitization of clinical procedures and the increased adoption of telehealthcare services have created a multi-year growth potential. Amid the expanding addressable market, the company continues to launch innovative products to grow its market share. It has recently partnered with WovenX Health to deliver integrated, next-generation gastroenterology practice solutions. Along with these growth initiatives, WELL Health is also focusing on inorganic growth and has signed 11 letters of intent. These acquisitions can contribute $65 million to its annualized revenue. Additionally, the company initiated a share-repurchase plan last month, with plans to repurchase 6.33 million shares over the next 12 months, thereby reducing its outstanding shares by 2.5%. Considering all these factors, I believe WELL Health would be an excellent long-term buy. The post 3 Under-$50 Canadian Stocks to Buy for Superior Long-Term Returns 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 Rajiv Nanjapla has no position in any of the stocks mentioned. The Motley Fool recommends Docebo. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Premium Brands Holdings (TSE:PBH) investors are sitting on a loss of 5.6% if they invested three years ago
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Premium Brands Holdings Corporation (TSE:PBH) shareholders have had that experience, with the share price dropping 15% in three years, versus a market return of about 46%. Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During the three years that the share price fell, Premium Brands Holdings' earnings per share (EPS) dropped by 5.2% each year. The 5% average annual share price decline is remarkably close to the EPS decline. So it seems like sentiment towards the stock hasn't changed all that much over time. In this case, it seems that the EPS is guiding the share price. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Even so, future earnings will be far more important to whether current shareholders make money. It might be well worthwhile taking a look at our free report on Premium Brands Holdings' earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, Premium Brands Holdings' TSR for the last 3 years was -5.6%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! Premium Brands Holdings shareholders are down 7.6% for the year (even including dividends), but the market itself is up 22%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 1.1%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Premium Brands Holdings better, we need to consider many other factors. For instance, we've identified 3 warning signs for Premium Brands Holdings (2 are significant) that you should be aware of. Premium Brands Holdings is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.