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Air cargo company Cargojet reports $30.5M Q1 profit, revenue down from year ago

Published Wed, 26 Feb 2025 11:57:02 GMT

MISSISSAUGA, Ont. — Air cargo company Cargojet Inc. reported a first-quarter profit of $30.5 million as its revenue edged lower to start the year.Cargojet chief executive Ajay Virmani says the company is not immune to softening industry trends as well as the macro factors of slower economic growth, higher interest rates and persistent inflation.The company says its profit amounted to $1.67 per diluted share for the quarter ended March 31 compared with a loss of $56.4 million or $3.26 per diluted share a year earlier.Revenue totalled $231.9 million, down from $233.6 million in the first three months of 2022.On an adjusted basis, Cargojet says it earned 97 cents per share in its latest quarter, down from an adjusted profit of $1.56 per share a year earlier.Analysts on average had expected an adjusted profit of $1.03 per share and $236.4 million in revenue, according to estimates compiled by financial markets data firm Refinitiv.This report by The Canadian Press was first published May...

Celebrity birthdays for the week of May 7-13

Published Wed, 26 Feb 2025 11:57:02 GMT

Celebrity birthdays for the week of May 7-13May 7: Singer Thelma Houston is 80. Actor Robin Strasser (“One Life To Live,” “Passions”) is 78. Singer-songwriter Bill Danoff (Starland Vocal Band) is 77. Drummer Bill Kreutzmann of the Grateful Dead is 77. Drummer Prairie Prince (The Tubes) is 73. Director Amy Heckerling (“Clueless,” “Fast Times At Ridgemont High”) is 71. Actor Michael E. Knight (“All My Children”) is 64. Guitarist Phil Campbell of Motorhead is 62. Actor Traci Lords is 55. Actor Morocco Omari (“Empire”) is 53. Singer Eagle-Eye Cherry is 52. Actor Breckin Meyer (“Herbie: Fully Loaded,” “Road Trip”) is 49. Drummer Matt Helders of Arctic Monkeys is 37. Comedian Aidy Bryant (“Saturday Night Live”) is 36. Actor Alexander Ludwig (“Vikings,” “The Hunger Games”) is 31. Actor Dylan Gelula (“Jennifer Falls,” “Unbreakable Kimmy Schmidt”) is 29.May 8: Singer Toni Tennille is 83. Country singer Jack Blanchard is 81. Jazz pianist Keith Jarrett is 78. Actor Mark Blankfield (“Robin Hood...

Police searching for driver who fled Highway 401 crash involving stolen vehicle

Published Wed, 26 Feb 2025 11:57:02 GMT

Toronto police are searching for a driver after a crash involving a stolen vehicle.The collision happened around 6:50 a.m. Monday on Highway 401 near Meadowvale Road.A car became wedged under a truck in the eastbound lanes of the highway. No injuries have been reported.Police say a driver involved fled the scene and say a stolen vehicle was involved in the crash.Officers are in the area searching for the driver. He is described as a Black male with a black bandana, black shirt, black pants, and a backpack.The eastbound 401 ramp to Meadowvale is closed for the investigation.COLLISION:Meadowvale Rd/Hwy 4016:52am– OPP Event– Driver fled crash involving a stolen vehicle– Police are in the area searching for the driver– Suspect: Male, black, black bandana, black shirt/pants/backpackROAD CLOSURE: Meadowvale Ramp E/B to HWY 401#GO964286^lb— Toronto Police Operations (@TPSOperations) May 1, 2023

Donald Trump travels to Scotland to open golf course

Published Wed, 26 Feb 2025 11:57:02 GMT

LONDON (AP) — Former U.S. President Donald Trump traveled to Scotland on Monday to open a new golf course at his resort near Aberdeen.Trump and his son Eric were greeted by two pipers, a red carpet and a 10-vehicle motorcade as they stepped off his private jet with an American flag painted on the tailfin.“It’s great to be home — this was the home of my mother,” Trump said before getting into one of his cars.Trump’s mother, Mary, was born on the Isle of Lewis in the Outer Hebrides before emigrating to the United States.Trump, who has announced that he will seek the presidency again next year, will head to his golf course in Doonbeg on Ireland’s west coast when he leaves Scotland.“Will be meeting with many wonderful friends, and cutting a ribbon for a new and spectacular second course in Aberdeen,’’ Trump said on his Truth Social platform. “Very exciting despite the fact that it is ‘make America great again’ that is on my mind, in fact, America will be greater than ever before.”The As...

Stock market today: Calm in the wake of 3rd bank failure

Published Wed, 26 Feb 2025 11:57:02 GMT

Early Wall Street trading is relatively subdued Monday in the wake of the third U.S. bank failure in less than two months.Futures for the S&P 500 and the Dow industrials shifted between small gains and losses, essentially unchanged before the opening bell. There are banking holidays around the globe Monday limiting some trading, but early reaction to the seizure of troubled First Republic Bank, which was sold on Monday to JPMorgan Chase Bank, appears orderly. San Francisco-based First Republic, once highly respected because of it’s wealthy client base, came under signficant strain due to surging interest rates. It invested in usually safe long-term bonds that can lose value when rates climb if they are sold before they mature. Many of the bank’s wealthy clients pulled their money First Republic after the collapse of Silicon Valley and Signature banks, creating a modern day bank run. First Republic becomes the second-biggest bank failure in U.S. history, behind only W...

Stop-work order after underground fire at Nova Scotia’s Donkin coal mine, no injuries

Published Wed, 26 Feb 2025 11:57:02 GMT

HALIFAX — Nova Scotia’s Department of Labour says it has issued a stop-work order following a fire at the Donkin coal mine in Cape Breton.The department says in a tweet that the fire, which broke out Sunday in the underground mine, is under control and no injuries were reported.It says no workers were underground at the time of the incident.The mine resumed operations last year after it was shuttered in March 2020 amid slumping coal prices and roof collapses that led to repeated government stop-work orders.In January, it was revealed that owners Kameron Coal Management Ltd. had been cited for a lengthy list of safety violations since the operation reopened in mid-September.The violations ranged from an unqualified employee doing electrical work and the use of an unapproved ventilation control device to the improper storage of compressed gas cylinders.This report by The Canadian Press was first published May 1, 2023.The Canadian Press

From a synagogue bombing in Paris, to an Ottawa classroom 40 years later

Published Wed, 26 Feb 2025 11:57:02 GMT

Hassan Diab has been found guilty in the 1980 bombing of a Paris synagogue that killed four people and injured dozens more.This is the second time France has attempted to punish the Lebanese Canadian sociology professor for his alleged role in the attack— the evidence of which has been described as flimsy at best.Leyland Cecco is a reporter for The Guardian. He said the last time, Diab was extradited and jailed in France before charges were dropped, prompting Prime Minister Justin Trudeau to criticize the case and the extradition.“There’s a lot of frustration that Canada’s Extradition Act doesn’t give much latitude to the people early on who would determine whether or not that case was even a good one. And I think Diab’s case highlights where it falls short.”But now that a court has convicted, will France ask Canada for Diab a second time? If they do, will Canada comply? Will this case test the relationship between the two countries, and Canada’s policy on extraditions in gene...

Olivia Chow leading Toronto mayoral race, many voters undecided: Poll

Published Wed, 26 Feb 2025 11:57:02 GMT

A new poll shows Olivia Chow is leading in the Toronto mayoral race but voters are not feeling confident about their choices.The Liaison Strategies survey shows Chow having 16 per cent support in the crowded race, giving her a narrow lead over former police chief Mark Saunders and Coun. Josh Matlow who are both sitting at 12 per cent.The number of undecided voters remains high at 39 per cent. Only 18 per cent of the decided said they felt strongly about their candidate.The poll consulted just over 1,250 Toronto voters on April 28 and 29.

CPD board to decide if officer who fatally shot 13-year-old Adam Toledo should be fired

Published Wed, 26 Feb 2025 11:57:02 GMT

CHICAGO — Officer Eric Stillman is accused of violating seven police department rules when he pursed and shot 13-year-old Adam Toledo in 2021 and a board meeting is to be held Monday morning to decide if he gets fired. Interim-Police superintendent Eric Carter recommends Stillman be fired but his lawyer said last month he believes the board will state Stillman's actions were justified. On March 29 2021, Officer Eric Stillman chased Adam Toledo into an alley in the 2300 block of South Sawyer Avenue in Little Village and fatally shot him. Body cam footage shows the officer shooting the 13-year-old boy moments after he threw a gun behind a fence and turned with his hands raised. Documents outlining the charges against Stillman state that Toledo did not pose an imminent threat to death to Stillman. Teen fatally shot in the chest on Chicago’s South Side Stillman failed to use de-escalation tactics to prevent the use of deadly force and did not notify OEMC before pursing Toledo. CO...

Man killed, woman wounded in shooting near University of Chicago

Published Wed, 26 Feb 2025 11:57:02 GMT

CHICAGO — A man died and a woman was wounded following a shooting near the University of Chicago campus Sunday night.Just before 10:30 p.m., police said a 29-year-old man and a 22-year-old woman were driving in the 6200 block of South Kimbark when two unknown male suspects approached on foot and began firing shots.The 29-year-old man was shot in the upper back and died at the University of Chicago Medical Center. The 22-year-old woman was shot in the foot and buttocks. She was transported in good condition. 18-year-old woman killed in Matteson double shooting No one is custody. Anyone with information can leave an anonymous tip at cpdtip.com.