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CWB Financial Group reports third quarter profit up from a year ago

Published Fri, 07 Feb 2025 21:46:00 GMT

EDMONTON — CWB Financial Group reported its third-quarter profit rose compared with a year ago.The Edmonton-based bank says its common shareholders’ net income totalled $83.1 million for the quarter ended July 31, up from $70 million a year earlier.That equated to 86 cents per diluted share for its most recent quarter, an increase from the same period last year when it reported earnings of 73 cents per diluted share.Revenue totalled $283.5 million, up from $264.4 million a year earlier.On an adjusted basis, CWB says it earned 88 cents per share, up from an adjusted profit of 74 cents per share a year ago.Chief executive Chris Fowler credits the bank’s strong quarter to targeting lending opportunities “that provide strong returns within a prudent risk appetite for the current uncertain economic environment.”This report by The Canadian Press was first published Sept. 1, 2023.Companies in this story: (TSX:CWB)The Canadian Press

Weekend need to know: Labour Day long weekend, Air Show at CNE, Toronto Dragon Festival

Published Fri, 07 Feb 2025 21:46:00 GMT

It’s the last weekend to check out the Canadian National Exhibition (CNE) at Exhibition Place. The Canadian International Air Show is on this weekend at the fair, alongside live performances and more.It’s also the Labour Day long weekend, meaning certain businesses and services are closed on the holiday Monday. Click here to see what’s open and closed. There are no scheduled subway closures this weekend, but starting on Sunday, the 512 St. Clair streetcars will be replaced by buses from St Clair Station to Gunns Loop, until the middle of next year at least.The TTC also recently announced it will be restoring 126 school trips for elementary and high school students and adding more vehicles to nine routes that serve colleges or universities after Labour Day.Other road closures for events and construction are in place for the weekend. Scroll below for details.Here’s what to do this long weekend:Top eventsLast weekend of CNEThe Canadian International Air Show is ...

AP Election Brief | What to expect in Rhode Island’s special primaries

Published Fri, 07 Feb 2025 21:46:00 GMT

WASHINGTON (AP) — A crowded field of candidates will be on the ballot in Rhode Island on Tuesday with an eye on replacing former U.S. Rep. David Cicilline, the seven-term Democrat who resigned in May to run a nonprofit foundation.Among the 11 candidates competing in the special primary for the Democratic nomination are former Obama and Biden White House aide Gabriel Amo, state Sen. Sandra Cano, Lt. Gov. Sabina Matos and former state Rep. Aaron Regunberg. A 12th candidate, Don Carlson, suspended his campaign in late August after admitting he made a romantic overture to a student while he was a professor at Williams College. Carlson will remain on the ballot but has endorsed Cano.Regunberg leads the field in fundraising, bringing in nearly $630,000 in contributions and the largest war chest heading into the campaign’s final three weeks. Amo was a close second in fundraising with $604,000 in contributions, followed by Matos, who raised $558,000. Cano ranked a distant fourth.Matos faced...

In Mississippi, a tiny fish is reintroduced to the river where it disappeared 50 years ago

Published Fri, 07 Feb 2025 21:46:00 GMT

PINOLA, Miss. (AP) — A species of tiny fish that once flourished in a river running hundreds of miles from central Mississippi into southeastern Louisiana is being reintroduced to the Pearl River after disappearing 50 years ago. Wildlife experts say a number of factors likely contributed to the disappearance of the pearl darter from the Pearl River system, including oil and gas development, agricultural runoff, urban pollution, and dam construction. All are deemed detrimental to the pearl darter’s habitat and survival. And even though pollution and other threats to habitat remain today within the Pearl River, more than 400 miles (644 kilometers) long, officials say the 1972 federal Clean Water Act has helped make it cleaner. Clean enough, in fact, that Mississippi and the federal government wildlife experts say there are signs that the pearl darter may be able to thrive there again. “This site has some of the highest species diversity in the entire Pearl River,” said Matt Wagn...

Rising tensions between employers and employees has put the labor back in this year’s Labor Day

Published Fri, 07 Feb 2025 21:46:00 GMT

NEW YORK (AP) — Labor Day is right around the corner, along with the big sales and barbecues that come with it. But the activist roots of the holiday are especially visible this year as unions challenge how workers are treated — from Hollywood to the auto production lines of Detroit.The early-September tribute to workers has been an official holiday for almost 130 years — but an emboldened labor movement has created an environment closer to the era from which Labor Day was born. Like the late 1800s, workers are facing rapid economic transformation — and a growing gap in pay between themselves and new billionaire leaders of industry, mirroring the stark inequalities seen more than a century ago. “There’s a lot of historical rhyming between the period of the origins of Labor Day and today,” Todd Vachon, an assistant professor in the Rutgers School of Management and Labor Relations, told The Associated Press. “Then, they had the Carnegies and the Rockefellers. Today, we have the Musks ...

US House Foreign Affairs Committee chair calls Russia-China alliance the biggest threat since WWII

Published Fri, 07 Feb 2025 21:46:00 GMT

STOCKHOLM (AP) — The United States House Foreign Affairs chair said Friday that a partnership of the Russian and Chinese leaders worried him, adding, “We have never seen a threat this large-scale to Europe and the Pacific, I would argue, since World War II.”The alliance of Chinese leader Xi Jinping and Russian President Vladimir Putin “provides a very big challenges I think for the free world in this great power competition that we find ourselves in,” said Rep. Michael McCaul, R-Texas, during a visit to Sweden. Earlier in the year, the Biden administration warned Xi’s government of unspecified consequences if it supports the Kremlin’s war effort in Ukraine. A United States intelligence report said Beijing possibly provided equipment used in Ukraine that might have military applications. The report cited Russian customs data that showed Chinese state-owned military contractors supplied navigation equipment, fighter jet parts, drones and other goods, but didn’t say whether...

Hong Kong, other parts of south China grind to near standstill as powerful Typhoon Saola approaches

Published Fri, 07 Feb 2025 21:46:00 GMT

HONG KONG (AP) — Most of Hong Kong and other parts of southern China ground to a near standstill Friday with classes and flights canceled as powerful Typhoon Saola approached. Many workers stayed at home and students in various cities saw the start of their school year postponed to next week. Trading on Hong Kong’s stock market was suspended and about 460 flights were canceled in the key regional business and travel hub.Rail authorities in mainland China suspened all trains entering or leaving Guangdong province from Friday night to Saturday evening, state television CCTV reported.The Hong Kong Observatory issued a No. 9 storm signal, the second-highest warning under the city’s weather system. It said Saola — with maximum sustained winds of 210 kilometers (130 miles) per hour — would be closest to the financial hub at around midnight, about 40 kilometers (25 miles) south of the city’s Tsim Sha Tsui shopping district. The observatory’s director, Chan Pak-wai, said t...

Russia’s Putin and Turkey’s Erdogan will meet amid efforts to repair Ukraine grain deal

Published Fri, 07 Feb 2025 21:46:00 GMT

Russian President Vladimir Putin will host Turkish leader Recep Tayyip Erdogan for talks in Russia’s Black Sea resort of Sochi on Monday, the Kremlin announced Friday, just over six weeks after Moscow broke off a deal partly brokered by Ankara that allowed Ukrainian grain to reach world markets despite the 18-month war.Kremlin spokesman Dmitry Peskov announced the talks Friday, ending weeks of speculation about when and where the two leaders might meet next as international efforts continue to patch up the Black Sea Grain Initiative which got grain and other food to Africa, the Middle East and Asia where hunger is a growing threat.Turkey, together with the United Nations, brokered a deal in July 2022 that allowed Ukraine to ship grain and other foodstuffs from three Black Sea ports. A separate memorandum between the U.N. and Russia, agreed at the same time, pledged to overcome obstacles to Moscow’s shipment of food and fertilizer to world markets. However, Russia pulled out of...

Man stabbed while riding on CTA Red Line train: police

Published Fri, 07 Feb 2025 21:46:00 GMT

CHICAGO — A 25-year-old man was stabbed while riding a CTA Red Line train, according to police.The incident happened around 11:20 p.m. Thursday in the 200 block of South State Street. According to police, officers responded to a call for service and spoke with the man who told them he was stabbed while riding the Red Line.The man told police he was in a verbal altercation with another man, who then pulled out a sharp object and swung it — cutting the victim's arm.The offender fled the scene on foot. The 25-year-old was transported to Northwestern Memorial Hospital in fair condition. 4-year-old boy, man shot while in car in Woodlawn No one is in custody. Area Three Detectives are investigating.

Friday Forecast: Temps in mid 80s with mainy sunny conditions

Published Fri, 07 Feb 2025 21:46:00 GMT

CHICAGO — Temperatures in mid 80s with mostly sunny conditions. Cooler lakeside, winds: SSE 5-10. High: 85/80. Interactive Radar: Track showers and storm here Mostly clear tonight with calm conditions. Winds: S 0-5. Low: 63.Saturday Forecast: Mostly sunny with hot conditions. Winds: SW 5-15 G20. High: 90.Full forecast details and more at the WGN Weather Center blog