Unifor mourns the loss of Buzz Hargrove, tireless champion of workers' rights

TORONTO, June 15, 2025 /CNW/ - Unifor is deeply saddened to learn of the passing of Basil "Buzz" Hargrove, a beloved and iconic figure in Canada's labour movement. As National President of the Canadian Auto Workers (CAW) from 1992 until his retirement in 2008, Buzz was a tireless advocate for working people and a deeply respected leader whose impact will be felt for generations.

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Globe and Mail

17 minutes ago

• Globe and Mail

10 Stock Splits Investors Could See Happen by 2026

Few things garner attention for a stock as much as a stock split. Though a split does nothing to change the fundamentals of a stock or the business, it excites investors for a number of reasons. First, they're the primary tool by which companies can artificially lower their share prices, thereby making them more affordable to individual investors. Second, they act as a milestone for the stock, essentially resetting its growth path so it can rise again. Third, management chooses the timing of stock splits, and they generally signal confidence from management that the stock can keep going up. If management was not confident about the stock's ability to keep gaining, they would be less likely to issue a stock split. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Finally, there's also evidence that stock-split stocks outperform the S&P 500 over the 12 months following the split, according to research from Bank of America. While that's not a reason to buy stock-split stocks, it is a reason to pay attention to them. On that note, let's take a look at 10 stocks that could split by the end of 2026. 1. AutoZone AutoZone's (NYSE: AZO) chief rival, O'Reilly Automotive, just issued a 15-for-1 stock split, and AutoZone looks like a great candidate for one next year as well. The seller of aftermarket auto parts now trades north of $3,600 per share, making it one of the highest share prices on the stock market. AutoZone has a long track record of growth and performing well in both bull and bear markets. After tripling over the last five years, the stock seems overdue for a stock split. 2. MercadoLibre MercadoLibre (NASDAQ: MELI) is another longtime successful now trading at a lofty share price of around $2,500. The stock is up more than 8,000% since its 2009 IPO but has never had a stock split in its history. The company continues to grow rapidly thanks to its strong positioning in e-commerce and digital payments in fintech, meaning a stock split makes sense at some point, if not by the end of next year. 3. Costco Costco Wholesale (NASDAQ: COST) is a unique retailer in a number of ways, and that includes its approach to its share price, which is now hovering around $1,000, well above any mass market retailer. Costco has not done a stock split since 2000, but considering the high share price of the stock and the overall health of the business, a stock split would likely be greeted warmly by investors, especially for retail investors who just have a little cash to spend. 4. ASML ASML (NASDAQ: ASML) is one of the leading semiconductor equipment companies in the world. In fact, it's the only maker of extreme ultraviolet (EUV) lithography equipment used to make the most advanced chips for AI and other applications. ASML's stock price is currently trading around $800, making it a good candidate for a stock split as it has not done so since 2012, when it did an unusual reverse 77-for-100 stock split. 5. Coinbase Crypto is having a big year with Bitcoin hitting an all-time high, legislation regulating stablecoins passing, and the post-IPO of Circle, the owner of the stablecoin USDC. Against that backdrop, it wouldn't be a surprise to see Coinbase (NASDAQ: COIN) split its stock. Its share price is currently around $300. That isn't especially high, but the stock would likely soar on a stock-split announcement, so doing one to take advantage of the tailwinds in crypto could make sense. 6. Booking Holdings With a share price above $5,000, Booking Holdings (NASDAQ: BKNG) may be one of the most obvious candidates for a stock split. However, the online travel agency has thus far resisted it. The company has only ever done a 1-for-6 reverse stock split when it was at its nadir in 2003 following the dot-com bust. Management may be opposed to a stock split, but doing so would likely make the stock more available to more investors. 7. Netflix Netflix (NASDAQ: NFLX) has been one of the biggest surprises over the last three years as the company overcame a decline in subscribers in 2022 and has since surged with the help of its new advertising tier, a crackdown on password sharing, and a push into live TV. With its share price now above $1,000, a stock split wouldn't be a surprise, especially since the company has done them several times in its history. 8. ServiceNow ServiceNow (NYSE: NOW) is one of the most successful software-as-a-service stocks, and it's now one of the highest-priced at nearly $1,000 a share. The company continues to invest in new AI features and deliver steady growth. The company has never done a stock split since going public in 2012. 9. Meta Platforms Meta Platforms (NASDAQ: META) is the only member of the "Magnificent Seven" to have never done a stock split. After going public in 2012, the stock has risen nearly 2,000% to around $700 a share. It's unclear if Meta will do a stock split by 2026, but one seems likely if the stock keeps climbing. 10. Intuit Finally, Intuit (NASDAQ: INTU) looks like a good prospect for a stock split. Shares of the owner of TurboTax and QuickBooks are trading at around $750 a share, and the stock has been a strong performer for years, recently benefiting from advances in AI to make its products easier to use. The company's most recent stock split came in 2006 so it seems due for another one. Should you invest $1,000 in Costco Wholesale right now? Before you buy stock in Costco Wholesale, 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 Costco Wholesale 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 Bank of America is an advertising partner of Motley Fool Money. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Jeremy Bowman has positions in ASML, Bank of America, MercadoLibre, Meta Platforms, and Netflix. The Motley Fool has positions in and recommends ASML, Bank of America, Bitcoin, Booking Holdings, Costco Wholesale, Intuit, MercadoLibre, Meta Platforms, and Netflix. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy.

Winnipeg Free Press

22 minutes ago

• Winnipeg Free Press

Carney travelling to Europe for security, defence talks with EU, NATO

OTTAWA – Prime Minister Mark Carney will depart for Europe on Sunday for back-to-back summits where he is expected to make major commitments for Canada on security and defence. Carney will be joined by Foreign Affairs Minister Anita Anand, Defence Minister David McGuinty and secretary of state for defence procurement Stephen Fuhr at the EU and NATO summits, where military procurement and diversifying supply chains will top the agendas. The international meetings come as Canada looks to reduce its defence procurement reliance on the United States due to strained relations over tariffs and President Donald Trump's repeated talk about Canada becoming a U.S. state. Carney will fly first to Brussels, Belgium, starting the trip with a visit to the Antwerp Schoonselhof Military Cemetery where 348 Canadian soldiers are buried. He will also meet with Belgian Prime Minister Bart De Wever, European Council President António Costa and European Commission President Ursula von der Leyen. At the EU-Canada summit, Anand and McGuinty are expected to sign a security and defence agreement with the EU in what one European official described Friday as one of the most ambitious deals Europe has ever signed with a third country. The agreement will open the door to Canada's participation in the ReArm Europe initiative, allowing Canada to access a 150-billion-euro loan program for defence procurement, called Security Action for Europe. An EU official briefing reporters on Friday said once the procurement deal is in place, Canada will have to negotiate a bilateral agreement with the European Commission to begin discussions with member states about procurement opportunities. A Canadian official briefing reporters on the summit Saturday said the initial agreement will allow for Canada's participation in some joint procurement projects. However, a second agreement will be needed to allow Canadian companies to bid. At the EU-Canada summit, leaders are also expected to issue a joint statement to underscore a willingness for continued pressure on Russia, including through further sanctions, and call for an immediate and permanent ceasefire in Gaza. After Brussels, Carney heads to The Hague in the Netherlands for the NATO leaders' summit on Tuesday and Wednesday. There, Carney will meet with the King of the Netherlands and later with leaders of Nordic nations to discuss Arctic and transatlantic security. At the NATO summit, Carney will take part in bilateral meetings with other leaders. The summit agenda includes a social dinner hosted by the king and queen of the Netherlands and a two-and-a-half hour meeting of the North Atlantic Council. NATO allies are expected to debate a plan to hike alliance members' defence spending target to five per cent of national GDP. NATO data shows that in 2024, none of its 32 members spent that much. The Canadian government official who briefed reporters on background says the spending target and its timeline are still up for discussion, though some allies have indicated they would prefer a seven-year timeline while others favour a decade. Canada hasn't hit a five- per- cent defence spending threshhold since the 1950s and hasn't reached the two per cent mark since the late 1980s. NATO says that, based on its estimate of which expenditures count toward the target, Canada spent $41 billion in 2024 on defence, or 1.37 per cent of GDP. That's more than twice what it spent in 2014, when the two per cent target was first set; that year, Canada spent $20.1 billion, or 1.01 per cent of GDP, on defence. In 2014, only three NATO members achieved the two per cent target — the U.S., the U.K., and Greece. In 2025, all members are expected to hit it. Any agreement to adopt a new spending benchmark must be ratified by all 32 NATO member states. Former Canadian ambassador to NATO Kerry Buck told The Canadian Press the condensed agenda is likely meant to 'avoid public rifts among allies,' describing Trump as an 'uncertainty engine.' Monday Mornings The latest local business news and a lookahead to the coming week. 'The national security environment has really, really shifted,' Buck said, adding allies next door to Russia face the greatest threats. 'There is a high risk that the U.S. would undercut NATO at a time where all allies are increasingly vulnerable.' Trump has suggested the U.S. might abandon its mutual defence commitment to the alliance if member countries don't ramp up defence spending. 'Whatever we can do to get through this NATO summit with few public rifts between the U.S. and other allies on anything, and satisfy a very long-standing U.S. demand to rebalance defence spending, that will be good for Canada because NATO's good for Canada,' Buck said. Carney has already made two trips to Europe this year — the first to London and Paris to meet with European allies and the second to Rome to attend the inaugural mass of Pope Leo XIV. This report by The Canadian Press was first published June 22, 2025.

CTV News

an hour ago

• CTV News

‘Count me as skeptical': Eby open to conversations with Smith on pipelines, doubtful private proponent will come forward

Premier David Eby speaks to reporters from his office following the throne speech at the legislature in Victoria, Tuesday, Feb. 18, 2025. THE CANADIAN PRESS/Chad Hipolito As the federal government passes its contentious bill to streamline approvals of so-called nation-building projects, B.C. Premier David Eby says he's doubtful he can be convinced of the need to build a new pipeline through his province. The Liberals' Bill C-5 — dubbed the Building Canada Act — passed 306 to 31 on Friday, just minutes before the House rose for the summer break. The bill — aimed at giving government sweeping new powers to approve major projects of national interest — is now headed for the Senate, where it's expected to pass. Amid opposition to the bill, Prime Minister Mark Carney has promised that he won't impose a project on a province that doesn't want it, and that all projects will require consensus to go ahead. The condition prompted Alberta Premier Danielle Smith to say during an interview on CTV Question Period earlier this month that she would 'convince' Eby to support building a pipeline to transport oil from her province, through his, to tidewater. Eby has said he won't support a new pipeline built with any public dollars, arguing the Trans Mountain Expansion Project (TMX) is already in place. In an interview on CTV Question Period airing Sunday, Eby told host Vassy Kapelos the priority should be getting TMX operating at capacity before greenlighting new projects. 'There's no fight here,' Eby said, of the potential standoff between the two premiers. 'The concern that I have is a matter of priorities.' '(TMX) is owned by Canadians. It's not operating at capacity,' Eby also said. 'There's 200,000 additional barrels of capacity in that pipeline. Let's start there.' The B.C. premier added he doesn't think a new pipeline should be subsidized by government, arguing there are other energy projects being proposed by private companies, which should be prioritized. When pressed by Kapelos on the positive impact of TMX on Canada's GDP, and whether the two are mutually exclusive — if the government can at once create an environment through Bill C-5 to encourage private investment in major projects so they don't need to be federally funded, while other energy projects Eby listed also move ahead — Eby pointed to his signing of an agreement with the Prairie and other Western provinces for a 'port-to-port' energy corridor. 'If Premier Smith is able to come up with this (pipeline) project, that's what the corridor will be for,' he said. 'Count me as skeptical, and count me as opposed to the idea of tens of billions of dollars of additional federal subsidy when we have a pipeline that is not currently at capacity in our province operating right now,' he added, when asked by Kapelos whether he can be convinced by Smith that a new pipeline project could have merit. The B.C. premier said he would prefer to focus on projects that can be delivered on 'in the here and now.' He also said that if Smith can conceive of a pipeline project that doesn't require 'significant federal subsidy,' then 'more power to her.' 'If the premier of Alberta is able to deliver it, then let's have that conversation,' he said. 'But I don't see that.'