Latest news with #Canada
Yahoo
26 minutes ago
- Business
- Yahoo
TDSB passes budget for 2025-2026 with plan to eliminate $34.4M deficit
Trustees for the Toronto District School Board (TDSB) have approved a budget for 2025-2026 that includes a plan to balance the board's books over the next two years. The plan includes a number of cost-saving measures to eliminate a $34.4 million deficit, including a pause on issuing new Chromebooks for students in the coming school year in favour of recirculating devices returned by graduating Grade 12 students, a news release from the board said. It also includes a $9.5 million spending cut in operating expenses for central departments of the board that will have "limited impact" on services. Fees will also rise for some continuing education programming, the TDSB said. At a meeting in April, trustees heard the school board was facing a $58-million deficit for 2025-2026, with staff looking at a variety of options to balance the budget. Since then, trustees have passed more than $20 million in cuts, resulting in a current deficit of $34.4 million, a spokesperson for the school board said. One of the cost-cutting options on the table was closing school pools the board doesn't lease out, which would have saved an estimated $12.8 million. However that's not happening after public outcry. Pools and aquatics instructors will continue to be available to students and community members for another year, the TDSB said in a Thursday news release. Board staff are working on privately leasing more pools while also working with the City of Toronto on the use of TDSB pools, the release says. The budget must now be submitted to the Ministry of Education by June 30 for final approval.
Yahoo
26 minutes ago
- Yahoo
Woman charged, suspect sought in Pickering fire police now deem homicide
A woman has been charged and another suspect is being sought in relation to a fatal Pickering house fire that police are now deeming a homicide. Around 2:20 p.m. on June 11, police responded to a house fire in the area of Primrose Court and Fairport Road, according to a Thursday release from Durham police. A 69-year-old woman was located dead inside the residence. Following a post-mortem, Durham police's homicide unit took over the investigation. Police now say the death was the Durham region's third homicide of 2025. On Tuesday, a 34-year-old Pickering woman was arrested and charged with accessory after the fact to murder, police say. She was held for a bail hearing. Police say they have identified another suspect, who remains outstanding, in the ongoing investigation. Investigators say they believe the incident was isolated and there is no threat to public safety. Anyone with more information is asked to contact police or leave an anonymous tip with Crime Stoppers.
CBC
30 minutes ago
- Business
- CBC
Imports and exports up at Port of Halifax last quarter: report
These are busy days at the Port of Halifax. Amid uncertainty around tariffs, first quarter exports are up 13 per cent, while imports are also up almost 24 per cent. Watch Tom Murphy's interview with Paul MacIssac of the Halifax Port Authority.
Yahoo
36 minutes ago
- Business
- Yahoo
NYSE: SHOP) with a 'BUY' Rating and 12-Month Price Target of $130 USD
TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Rockcliffe Capital is pleased to announce the initiation of equity research coverage on Shopify Inc. (TSX/NYSE: SHOP), one of North America's leading cloud-based commerce platforms empowering millions of merchants globally. Following a comprehensive fundamental and technical review, Rockcliffe Capital assigns Shopify a 'BUY' rating, supported by a 12-month price target of $130 USD, representing meaningful upside from current levels. 'Shopify stands at the intersection of software, e-commerce, and AI—a rare combination that positions it as a foundational platform for the future of global retail,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'Its durable growth, consistent free cash flow margins, and deep investments in AI make it a generational compounder.' Investment Thesis Highlights: • Sustainable Growth: Revenue rose 27% year-over-year in Q1 2025 to $2.36 billion, driven by continued GMV expansion and international strength. • Strong Cash Flow Profile: 15% free cash flow margin in the last quarter, with management guiding toward mid-teens margins in Q2. • AI & Enterprise Tailwinds: New generative AI tools, including 'Sidekick,' and accelerated enterprise adoption are expected to drive next-phase monetization. • Global Reach, Expanding TAM: Operating in 175+ countries, with increasing traction across emerging markets and B2B verticals. Valuation & Target: Rockcliffe Capital's proprietary model assigns Shopify a 2026E EV/Revenue multiple of ~18x, reflecting its leadership in e-commerce infrastructure and upcoming monetization from AI and enterprise. Our $130 USD price target reflects a base-case scenario with upside potential through further international penetration and SaaS revenue lift. Risk Factors: Key risks include macroeconomic pressure on discretionary spending, increased platform competition, and possible volatility tied to Shopify's strategic equity investments. However, we believe these are well-managed within the current roadmap and capital structure. About Rockcliffe Capital Research Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions. Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership. Please contact research@ for access to our full research suite and initiation reports. Media Contact Rockcliffe Capital Research & Markets Division research@ +1 (416)-642-1967 This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
37 minutes ago
- General
- CTV News
Humming noise ‘dealt with' NextStar Battery Plant
A helicopter hovering near E.C. Row Expressway and Banwell Road is helping install equipment at the new battery plant in Windsor, Ont., on Monday, Nov. 18, 2024. (Bob Bellacicco/CTV News Windsor) A city councillor has confirmed that the humming noise coming from NextStar Battery Plant has been 'dealt with'. Ward 7 councillor, Angelo Marignani said he was getting complaints from Forest Glade residents about a 'tonal hum'. An investigation revealed the noise was coming from an air purification system. The plant installed insulating blankets around the exhaust vents, dampening the sound. In April, the plant discussed the sound, turning off the air purification system to temporarily stop the sound. At that point, they discussed the blankets, awaiting a report from consultants before moving forward.
