Latest news with #CanadianPacific
Global News
15 hours ago
- General
- Global News
Conservationists demand end to gravel extracton on B.C. creek
A coalition of conservation groups is calling on the federal and provincial governments to stop gravel extraction from a creek near Mission, B.C., saying it's destroying salmon habitats. The groups say gravel mining has lowered the level of Norrish Creek and its tributaries. Retired biologist John Werring said it was the sight of dead salmon dried up in teh creekbed last December that spurred him and others to try and figure out what was going on. Werring said he noticed the water level had been intentionally lowered by gravel extraction, work completed by the Canadian Pacific Kansas City Railroad to protect a bridge there. 1:56 Anger and frustration in Fraser Valley over railway dredging of creek He suspects that caused the neighboring creek to dry out and damage the Fish Habitat….and over the past six months he's been pushing government to reveal what they know about the situation. Story continues below advertisement He said he's recieved 'absolutely nothing' in the way of ansers since then. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Normally Firsheries and Oceans Canada and the provincial govenrment would be involved in any activity that could affect fish habitat and involved mining of a public resource. After months of frustration Werring and his colleagues have turned to the lawyers at Ecojustice for help. This week they sent demand letters to Victoria and Ottawa, alleging that the digging is being done without a provincial permit and goes beyond the scope of work authorized by the federal government. 2:08 Gravel removal blamed for salmon habitat damage near Mission They say that's destroying the spawning habitat of tens of thousands of salmon, and drastically altering water levels that are vital to the survival of wild chum and coho. They accuse the company of expanding its operations without provincial approval and beyond the scope of its federal permission. Story continues below advertisement 'Massive amounts of gravel have been extracted, hundreds of meters upstream and hundreds of meters downstream of the bridges that are supposed to be protected,' Werring said. Fisheries and Oceans Canada wasn't able to respond in time for this report. The provincial Ministry of Water, Land and Resource Stewardship said it had not given any permits for gravel removal on Norrish Creek, and that they have forwarded complaints to the federal agency. Werring said given that his group involves professional biologists, getting anwsers will be a daunting task for anyone else. ' If we're facing that, one has to wonder like, what about the public if they want to get involved in something like this?' he asked.
Calgary Herald
11-06-2025
- General
- Calgary Herald
Bow Valley wildlife still benefiting from 2002 Kananaskis G8 summit
Twenty-three years after world leaders gathered in Kananaskis, cougars, bears and deer are traversing the Bow Valley more safely thanks to a legacy of that G8 meeting. Article content To honour the G8's host community, the federal government devoted $5 million administered by Parks Canada to enhance wilderness conservation, with $2 million of that going to hands-on projects. Article content Article content Article content 'I searched around to try to find a contact and told them we'd be interested,' said Calgarian Patricia Letizia, who was then the executive director of Alberta Eco Trust. Article content Article content Helped by a private and anonymous $250,000 donation, the group and a host of partners set about constructing a wildlife bridge over the Rundle Canal above Canmore. Article content At that time, Canadian Pacific donated the bed of an old train car to use as the deck of the 14.8-metre-wide span, she said. Article content 'We did in fact build a bridge over the Rundle Canal and we had enough left over to afford an underpass at Dead Man's Flats,' said Letizia, who retired as Ecotrust CEO last December. Article content Both crossings — which were completed by the end of 2004 — were designed to ease wildlife transit from Banff National Park into the lower Bow Valley and Kananaskis. With lower animal mortality, both structures have proven their worth, said Letizia. Article content Article content 'It was at a point of the (Trans-Canada) Highway where there were a lot of wildlife collisions,' she said. 'Not all animals have the same kind of behaviour and the underpass would be used primarily by small animals, though some cougars and bears have been detected.' Article content Article content But that wasn't the end of the G8 legacy funds. Nearly $200,000 remained and were eventually disbursed between five conservation organizations. Article content Those receiving grants were the Biosphere Institute for the Bow Valley, the Karelian Bear Shepherding Institute of Canada, the Miistakis Institute for the Rockies, Bow Valley WildSmart and the Yellowstone to Yukon Conservation Initiative. Article content 'We really urged them to work collectively on large-impact issues, and it was a lot of fun collaborating,' said Letizia.
Wall Street Journal
31-05-2025
- Business
- Wall Street Journal
Canadian Pacific Kansas City Gets Ruling for New Collective Bargaining Pacts
Canadian Pacific Kansas City has received a ruling establishing new collective bargaining agreements with two units from the Teamsters Canada Rail Conference. The company said Friday the new four-year contracts include annual wage increases of 3%, effective from Jan. 1, 2024, through Dec. 31, 2027.
UPI
29-05-2025
- Politics
- UPI
On This Day, May 29: Charles II restored to English throne
1 of 5 | On May 29, 1660, Charles II was restored to the English throne. Image courtesy of Britain's National Portrait Gallery On this date in history: In 1660, Charles II was restored to the English throne. It was also the monarch's 30th birthday. In 1790, Rhode Island became the last of the original 13 states to ratify the U.S. Constitution. In 1914, the Canadian Pacific Transatlantic liner Empress of Ireland sank in the early-morning hours following a collision with the liner Storstadt, a much smaller vessel, in Canada's Gulf of St. Lawrence. More than 1,000 people died in what is the largest maritime accident in Canadian peacetime history. In 1953, Edmund Hillary of New Zealand and Tenzing Norgay of Nepal became the first humans to reach the top of Mount Everest. In 1977, Janet Guthrie became the first woman to compete in the Indianapolis 500. She completed 27 laps before her car became disabled. On the same day in 2005, Danica Patrick became the first woman to lead during the same race. In 1985, British soccer fans attacked Italian fans preceding the European Cup final in Brussels. The resulting stadium stampede killed 38 people and injured 400. In 1990, renegade Communist Boris Yeltsin was elected president of Russia. File Photo by Martin Jeong/UPI In 1996, in Israel's first selection of a prime minister by direct vote, Benjamin Netanyahu defeated Shimon Peres. The margin of victory was less than 1 percent. In 1997, Zaire rebel leader Laurent Kabila was sworn in as president of what was again being called the Democratic Republic of the Congo. He was assassinated in 2001. In 2004, the National World War II memorial was dedicated on the National Mall in Washington. Thousands of veterans of the war, which ended nearly 59 years earlier, attended the ceremony. File Photo by Greg Whitesell/UPI In 2009, U.S. music producer Phil Spector was sentenced to 19 years to life in prison for the 2003 slaying of actress Lana Carlson. In 2010, two mosques of a religious minority in Pakistan were attacked by intruders firing weapons and throwing grenades. Officials put the death toll at 98. In 2018, a Harvard study determined at least 4,645 people in Puerto Rico died as a result of Hurricane Maria, a sharp contrast to the official government death toll of 64. In 2019, special counsel Robert Mueller released his first public statement, saying that while there's no evidence President Donald Trump colluded with Russian efforts to interfere in the 2016 presidential election, there were several "episodes" in which he obstructed justice. In 2024, South Africa's African National Congress failed to win a parliamentary majority in the general election for the first time since apartheid. President Cyril Ramaphosa was still able to form a coalition government. File Photo by Stringer/EPA-EFE
Yahoo
28-05-2025
- Business
- Yahoo
Billionaire Investor Bill Ackman Just Sold This Railway Stock 'With Regret' So He Could Buy the Dip on a Mag Seven Stock At a "Uniquely Attractive Time"
Bill Ackman has become one of the more popular investors to watch in today's market. The outspoken hedge fund billionaire runs a 10-stock portfolio valued at roughly $12 billion. Ackman sold a stock to make room for a Magnificent Seven stock that got hit hard by the tariff-induced sell-off. 10 stocks we like better than Amazon › Billionaire investor Bill Ackman has become one of the modern-day must-watch investors. Ackman runs Pershing Square Capital Management, which manages a stock portfolio for Pershing Square Holdings. Pershing's equity holdings are valued at roughly $12 billion, and Ackman has aspirations to turn Pershing into the next Berkshire Hathaway. This makes all of Ackman's moves incredibly interesting to market watchers, who are always trying to see what some of the best and brightest investors are up to. In the current quarter, Ackman and his team at Pershing recently disclosed that they sold one of their railway stocks "with regret" in order to purchase a Magnificent Seven stock at a "uniquely attractive time." Although these recent stock moves by Pershing likely won't show up in filings until August, Ackman, along with Pershing's management team, discussed them on a recent quarterly earnings call. The first big move Pershing disclosed was the decision to sell Canadian Pacific Kansas City (NYSE: CP), a Canadian railroad holding company. Pershing first purchased a stake in the business in 2022. The railway operates in Canada and the U.S., moving numerous commodities and consumer goods through 13,000 miles of rail that goes through areas such as Quebec, British Columbia, and the Northeast and Midwest regions of the U.S. In 2023, Canadian Pacific completed its $31 billion acquisition of Kansas City Southern to form this company, which also gave it access to transportation routes in Mexico. The acquisition made Canadian Pacific Kansas City the only railroad company with a single-line railway connecting Canada, the U.S., and Mexico. The stock has performed pretty well during the past five years, up close to 67% (as of May 23). During the call, Ackman said: "[T]his is one of those positions where we sell with regret, but want to be super clear that we think extremely highly of the Canadian Pacific team, [CEO] Keith [Creel] as a person and as a leader." Pershing's Chief Investment Officer Ryan Israel added that while Canadian Pacific is a "wonderful business... we judged actually it was one of the more sensitive businesses economically and to tariffs relative to the rest of the portfolio." Pershing already owns shares of Alphabet, but the reason the fund sold Canadian Pacific was so it could make room to buy Amazon (NASDAQ: AMZN) at a "uniquely attractive time," according to Israel. Israel noted that Pershing's approach involves following hundreds of businesses that the fund would like to own when the price and potential returns become attractive. Amazon fell into that bucket after the sell-off in April. Pershing likes the fact that Amazon has two strong businesses with the retail e-commerce platform, as well as Amazon Web Services (AWS). AWS services the cloud needs of other companies in a more efficient manner than companies could do so on their own, according to Israel: Amazon is sort of the 800-pound gorilla in that business (cloud), where there's only three players and they have over 40% market share, and we think the future is incredibly bright for that business... less than 20% of all of the IT workloads are actually in the cloud today. We think going forward maybe as much as 80%... should be in those types of environments. So that part of the business is amazing. While AWS might be the big draw for many, Israel said Pershing really likes the revenue diversity and also appreciates the scale Amazon has been able to amass for both businesses, which creates higher profit margins. In the first quarter of the year, AWS revenue rose 17% year over year. Furthermore, Chief Executive Officer Andy Jassy previously said he thinks that many sellers on its platform would be able to pass some of the higher costs from tariffs on to consumers. While Amazon has significant exposure to China, tensions have de-escalated somewhat with both countries lowering tariff rates. Trading at less than 34 times forward earnings, Amazon's valuation is much lower than its five-year average of 39. Consumer spending on the platform may slow in a recessionary environment, but I'd expect the company to be able to navigate most economic environments, and the promise of the AWS business alone makes the stock appealing. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon 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 $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Berkshire Hathaway, and Canadian Pacific Kansas City. The Motley Fool has a disclosure policy. Billionaire Investor Bill Ackman Just Sold This Railway Stock 'With Regret' So He Could Buy the Dip on a Mag Seven Stock At a "Uniquely Attractive Time" was originally published by The Motley Fool
