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La présence d’un seul enseignant ainsi que l’absence de directions d’école et de membres du personnel de soutien scolaire au sein du conseil d’administration de l’Institut national d’excellence en éducation (INEE) soulèvent des critiques au sein du réseau, a constaté Le Devoir. La semaine dernière, la ministre de l’Éducation, Sonia LeBel, a dévoilé l’ensemble des membres du conseil d’administration de l’INEE, dirigé depuis juillet dernier par l’ancien directeur général du Centre de services scolaire (CSS) des Chênes, à Drummondville, Lucien Maltais. La société d’État pourra ainsi procéder, « de façon prioritaire », à l’adoption d’un budget et d’un plan d’effectifs, indique au Devoir sa conseillère aux communications, Patricia Faucher. Ce n’est qu’alors que l’organisation pourra pleinement remplir le mandat que lui a donné Québec, qui est notamment de cibler les meilleures pratiques à mettre en place dans les écoles de la province afin d’améliorer la réussite scolaire des élèves et la formation des enseignants.
Israeli Prime Minister Benjamin Netanyahu's long-running corruption trial will resume on Sunday, the courts' spokesperson said on Thursday, hours after Israel lifted a state of emergency imposed over its war with Iran. Iran began targeting Israel with ballistic missiles and drones after Israel and U.S. President Donald Trump launched air strikes on Iran on February 28, citing the aims of preventing it projecting force abroad, ending its nuclear programme and encouraging the overthrow of its rulers.
Elections BC has fined the BC United party for fraudulent election activities during the precampaign period for the 2024 provincial vote. An investigation by the non-partisan election agency found that BC United, which at that time served as B.C.’s official opposition party, hired an agency to run a false campaign to undermine its rival: the BC Conservative party. “The distribution of false information during elections can undermine public confidence in our democratic institutions and the security of our elections,” wrote Kerry Pridmore, deputy chief electoral officer, in the report released Wednesday.
Alors qu’il avait dégringolé mercredi pour terminer la séance à 94,41 dollars, le baril de West Texas Intermediate (WTI), pour livraison en mai, rebondissait de 5,83 % à 99,91 dollars vers 9 h 05 (heure de l’Est) jeudi, après avoir dépassé brièvement la barre des 100 dollars. Le baril de Brent de la mer du Nord, pour livraison en juin, prenait 3,67 % à 98,23 dollars. Les frappes israéliennes sur le Liban mercredi, qui ont fait 203 morts et plus de 1000 blessés selon les autorités libanaises, font peser un « grave danger sur le cessez-le-feu et les efforts menés en faveur d’une paix durable et générale dans la région », a affirmé dans la nuit de mercredi à jeudi le secrétaire général de l’ONU Antonio Guterres, via un communiqué de son porte-parole. L’optimisme initial lié au cessez-le-feu annoncé avait fait dégringoler les cours de l’or noir mercredi, mais « le marché s’est rapidement recentré sur la réalité sous-jacente : le détroit d’Ormuz reste de facto soumis à des restrictions, et le système pétrolier mondial est loin de fonctionner normalement », a souligné Ole Hansen, analyste chez Saxo Bank.
Liberal Party members are gathering in Montreal and, for the first time in more than a decade, Justin Trudeau and his personal brand of politics won’t tower over the party’s proceedings. Party faithful will gather as Mark Carney’s ever-expanding big tent of MPs stands on the cusp of achieving a majority government following a series of floor-crossings in Parliament. The convention, which runs Thursday through Saturday, starts just ahead of three by-elections set for Monday, and a day after a fifth opposition MP crossed the floor to join the Liberal caucus. It comes at a high point for the Liberals, who, a little more than a year ago, felt like they were marching their way out of office. Polling aggregator 338 Canada has the Liberals at a staggering 45 per cent support nationally. “There’s strong support across the country right now for the Prime Minister and for the party,” said Jonathan Kalles, a consultant with McMillan Vantage, who formerly served as Quebec adviser to Trudeau.
La Financière Outremont, propriété de l’homme d’affaires Pierre Karl Péladeau, achète la quasi-totalité du distributeur alimentaire Colabor. L’entente survient au terme d’un processus de vente mené par Raymond Chabot (RCGT), sous la protection de la Cour supérieure, dans le cadre d’une procédure de restructuration engagée en janvier en vertu de la Loi sur les arrangements avec les créanciers (LACC). Lourdement endettée, aux prises avec des dettes de plus de 300 millions $, l’entreprise de distribution Saint-Bruno-de-Montarville et de la quasi-totalité de ses filiales, Transport Paul-Emile Dubé, Pêcheries Norref Québec, et Groupe Resto-Achats, sont directement visées par cette opération. Le montant d’acquisitions de chacune de ces entitées n’ont pas été divulguées. Elles doivent encore être approuvées par le tribunal le 13 avril prochain, avant qu’elles ne soient réalisées dans les semaines suivantes.
The governance clash over a shareholder proposal blocked by the board of BP has escalated after proxy advisers recommended voting against re-election of the oil giant’s chair, over concerns about sustainability reporting. Glass Lewis told investors that the refusal of BP to allow a resolution from Follow This, a campaign group, raised issues about transparency. The Financial Times cited Glass Lewis’ advice, saying action to keep the resolution from a shareholder vote had been unnecessary and raised “concerns about transparency, shareholder communication and responsiveness”. Legal & General, the fund managers, say it too will oppose re-election of Albert Manifold, BP’s chair. The latest conflict stems from a resolution submitted by Follow This in January, calling on BP to report on how it would “protect shareholder value” in a scenario where demand for oil and gas declines. Though it received support from some investors, the resolution was excluded from the AGM agenda. Follow This went on to threaten legal action if BP failed to revisit its decision. Follow This chief executive Mark van Baal said at the time: “This case is bigger than one resolution at one company. “Shareholder democracy in the UK is at stake. If BP can block a valid resolution without explanation, any company can. We will not let that stand.”
Eramet’s largest shareholder has hired bankers as it considers the sale of its stake in the troubled French mining group. The Duval family has appointed Lazard to explore options for its 37 per cent holding and to advise them ahead of the company’s looming capital raising, according to three people familiar with the matter. Eramet in February outlined plans to raise €500mn this year to stabilise a “deteriorated financial situation”. Its shares are down almost a fifth since the start of January, taking its market capitalisation to roughly €1.4bn.
British precision engineering firm Renishaw said on Wednesday that it has appointed John Shipsey as its new chief financial officer and David Grant as permanent chairman. Shipsey, who previously served as CFO of technology company Dyson and engineering firm Smiths Group, and held various senior finance and strategy roles at Diageo, will take up the role of Renishaw CFO from April 13.
Swatch has once again opposed GreenWood Investors' bid for a seat on the board and has urged shareholders to vote against the activist investor at its upcoming annual general meeting, the watchmaker said on Wednesday. The Swiss company, which sells luxury watches with its brands Omega, Breguet and Blancpain alongside its plastic watches, said the American firm's candidate and founder, Steven Wood, was not suitable to represent the interests of its shareholders. During a bid for a so-called bearer shareholder representative spot, Swatch said only 4% of GreenWood Builders Fund IV's shares in the company were bearer shares, while the other 96% were registered shares. It added that Wood did not have connections or experience in the Swiss industry. GreenWood did not respond to a Reuters request for comment. Wood failed to secure a spot as bearer shareholder representative in May last year due to opposition from the Swatch founding family, the Hayeks, which controls around 45% of voting rights. Swatch had then recommended shareholders vote against the election ahead of the annual meeting last year, with 79.2% of shareholders voting against Wood.
Algoma Steel Group Inc. has signed a deal to form a joint venture with Canadian armoured vehicle company Roshel Inc. The company says Roshel Algoma Defence will enable production of ballistic steel for military vehicles as well as other industries. The partnership will include metal fabrication, forming, welding, and machining in Canada. Based in Brampton, Ont., Roshel designs and builds armoured vehicles for the military and law enforcement customers. Algoma Steel chief executive Rajat Marwah says the company is ready to enhance Canada’s defence capacity. Faced with U.S. steel tariffs, the company has been working to become a supplier of high-quality steel plates needed for infrastructure, manufacturing and defence in Canada.
Tout juste avant le congé de Pâques, Donald Trump a remué les vagues tarifaires qui déferlent sur l’acier et l’aluminium depuis un an. Un nouveau décret, en vigueur depuis lundi, modifie les modalités d’application des droits de douane, déroutant les entreprises du secteur, pour qui les directives sont tout sauf claires. « On a vraiment besoin de clarifications parce que dans le décret, il y a beaucoup trop de zones grises », déplore au téléphone Charlotte Laramée, PDG d’AluQuébec. Jusqu’à lundi dernier, tous les produits finis contenant de l’acier, de l’aluminium ou du cuivre canadiens étaient taxés à 50 % lors de leur entrée aux États-Unis, mais seulement sur la proportion de métaux qu’ils contenaient. Dans cette optique, plus un produit contenait un ratio important de ces métaux, plus la facture des droits de douane grimpait. Mais le président américain en a décidé autrement, jeudi dernier. Pour lui, les entreprises canadiennes cherchent à « manipuler artificiellement » les prix de leur production pour mieux la vendre aux États-Unis, s’est-il justifié.
Elon Musk’s SpaceX is seeking a $1.75 trillion valuation in its forthcoming initial public offering. How far into the stratosphere is that? Going by common Wall Street metrics, the answer is, way out there. SpaceX would immediately become the sixth most-valuable publicly listed U.S. firm, worth more than the likes of Meta Platforms, which has been publicly listed for more than a decade, and Berkshire Hathaway, a company older than SpaceX founder Elon Musk. And yet, there is no sign that investors will think twice about hitting the buy button once it goes public in an IPO that could raise $75 billion or more, which would be a record. The frenzy has grown so intense that some are pouring money into opaque secondary markets, accepting complex arrangements and murky ownership just for a shot at owning the shares. "It has almost no comparable listed peer to benchmark a valuation off of and would likely come at a significant premium to anything else that is listed in the space tech sector, given its size and market leadership," said Samuel Kerr, global head of equity capital markets at Mergermarket.
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The head of RBC says the bank plans to launch a growth fund to invest up to $1 billion in Canadian companies in the coming years. Speaking at the bank’s annual general meeting, chief executive Dave McKay said the fund will help companies build and scale in Canada. He says that too often Canadian entrepreneurs feel they need to leave the country to find enough capital to grow. McKay says the bank will also be hiring and expanding in key areas of national importance including its defence sector practice, infrastructure and project finance capabilities and helping more Canadian companies expand abroad.
Several big North American pension systems are standing by their private credit holdings even as the sector faces choppy waters, a sign of both the industry's potential resilience and its long reach into workers' retirement plans. For instance, the California State Teachers' Retirement System, or CalSTRS, has holdings in private credit funds including some run by Blue Owl Capital Inc, and it is the biggest investor in one of that firm's publicly traded business development companies (BDCs), Blue Owl Capital Corp, according to LSEG data. Blue Owl limited withdrawals in two of the non-traded versions of its BDCs last week after investors put in record redemption requests. The firm is the latest in a string of BDC managers facing redemption stresses as investors fret about competition, falling returns and the risk of artificial intelligence upending software businesses financed by private credit.
Viktor Orban, uniquely endorsed by both U.S. President Donald Trump and the Kremlin, could lose his 16-year iron grip on power on Sunday, opinion polls indicate, in an election many Hungarians believe will decide their country's fate in Europe. Orban, the European Union's longest-serving prime minister, has led Hungary since 2010, entrenching his power by curbing independent media and democratic rights and building an "illiberal democracy" that has earned him fans on Europe's far right and in Trump's Make America Great Again (MAGA) movement. However, three years of economic stagnation and soaring living costs, along with the enrichment of oligarchs close to the government, have angered voters. Orban's campaign has also been ruffled by press reports that his government has colluded with Moscow. A former Orban loyalist, Peter Magyar, has successfully tapped into Hungarians' discontent and his centre-right Tisza party now comfortably leads most polls.
Alternative investment manager Ares Management has agreed to buy real-estate investment trust Whitestone REIT in an all-cash transaction valued at about $1.7 billion. The companies on Thursday said Ares will pay $19 a share for Whitestone, a 12% premium to Wednesday’s closing price of $16.94 for the Houston company. The takeover price is 26% above Ares’ closing price of $15.02 on March 5, before Reuters reported that the REIT was exploring a sale. The deal is slated to close in the third quarter. Shares of Whitestone were recently up 11% at $18.79 in premarket trading.
La Caisse de dépôt et placement du Québec (CDPQ) s’allie à la société américaine Prologis afin de créer une nouvelle entreprise spécialisée dans l’acquisition de propriétés logistiques en Europe. Cette coentreprise, Prologis Logistics Investment Venture Europe (PLIVE), disposera d’un portefeuille initial d’un milliard €, l’équivalent de 1, 62 G$, dans des actifs logistiques en France, en Allemagne, aux Pays-Bas, en Suède et au Royaume-Uni. Selon les premières informations communiquées, la Caisse détiendra une participation de 70 %, tandis que Prologis agira en tant que partenaire d’exploitation et apportera son expertise en gestion d’actifs et en développement.
Italy's government is leaning towards naming Lorenzo Mariani as the new chief executive of Leonardo, four sources said on Thursday, ousting Roberto Cingolani in what would be a major change at the helm of the country's leading defence group. Mariani is a former executive at the defence and aerospace conglomerate, now serving as managing director for Italy at missile maker MBDA, which is jointly owned by Airbus, BAE Systems and Leonardo. "Almost," a senior government official told Reuters, when asked whether Mariani had been chosen to succeed Cingolani. The other sources confirmed the name of Mariani as the favourite for the job, with an announcement expected as soon as Thursday. Italy owns a little more than 30% of Leonardo through the economy ministry.
More BP shareholders are backing a move calling on the energy major to prove that increasing investment in oil-and-gas production will deliver value for investors. The Local Authority Pension Fund Forum, a group representing U.K. pension funds, said Thursday that it was joining other investors in supporting a resolution to be voted on at this month’s shareholder meeting, in response to the London-listed group’s shift away from a renewables-focused strategy. The resolution calls on BP to demonstrate that higher spending on fossil-fuel production can deliver value for shareholders, and was filed earlier this year by U.K. and European pension funds along with activist investor Australasian Centre for Corporate Responsibility, or ACCR.
Not long ago, the audit committee’s agenda was, by design, rigorous but relatively bounded: financial reporting integrity, internal controls, external auditor oversight and regulatory compliance. The work was exacting and consequential, but its perimeter was reasonably well-defined. AI is dissolving that perimeter. As a director of publicly traded companies and a partner at an AI governance firm, I have watched this transformation unfold in real time. AI is not approaching from some distant horizon. It is already reshaping how companies operate and how material risks and opportunities are surfaced and managed. For audit committees, this is not a future challenge to plan for. It is a present-tense governance obligation.
Activist investor Shah Capital plans to vote against the re-election of board nominees and the executive compensation package at Novavax's upcoming annual meeting, renewing pressure for changes at the vaccine maker. Hedge fund founder Himanshu Shah in a letter on Wednesday, shared exclusively with Reuters, urged leadership to reduce costs and opportunistically buy back 10–20 million shares. Novavax said in an emailed statement to Reuters it continues to make targeted investments in R&D while continuing to significantly reduce costs. It has also partnered with Pfizer and has continued to make progress on a partnership with Sanofi, it added. Shares of the vaccine maker were up 4% to $8.32. Shah Capital, Novavax's second-largest shareholder with a 9% stake, has been pushing the biotech's board to pursue strategic changes, including a potential sale. The hedge fund on Wednesday said it wants a like-minded strategic long-term investor to take a 10–20% ownership stake to reshape the company.
Israel supports U.S. President Donald Trump's decision to suspend strikes against Iran for two weeks, but the ceasefire does not include Lebanon, Prime Minister Benjamin Netanyahu's office said on Wednesday. The premier's office said Israel backed the U.S. move provided Tehran immediately opened the strait and stopped attacks against the United States, Israel and countries in the region. The remarks came after Washington announced a two-week suspension of attacks against Iran as part of efforts to de-escalate the conflict and open a window for negotiations. Israel also said it supported U.S. efforts to ensure Iran no longer posed a nuclear, missile or "terror" threat to the U.S., Israel and Iran's Arab neighbours, adding that Washington had told Israel it was committed to achieving their shared goals in upcoming negotiations. Iran said on Wednesday negotiations with the U.S. would begin on Friday, April 10 in Islamabad. Two White House officials confirmed earlier that Israel had agreed to the two-week ceasefire and to suspend its bombing campaign on Iran, while Pakistan's Prime Minister Shehbaz Sharif, who helped mediate the deal, said in a post on X that the agreement included a cessation of Israel's campaign in Lebanon.
(Ottawa) Une ligne ferroviaire à grande vitesse reliant Toronto à Québec serait un véritable atout pour l’économie et la création d’emplois, soutient mardi le premier ministre Mark Carney, défendant le projet de son gouvernement alors que l’opposition à celui-ci ne cesse de croître. Une grande partie de cette opposition provient des communautés dont des terres seront expropriées pour la construction, mais M. Carney affirme que le projet ne nécessitera qu’environ dix mètres de terrain pour le tracé et que les personnes concernées seront indemnisées. Lors d’une conférence de presse à Brampton, en Ontario, M. Carney indique que le projet créera plus de 50 000 emplois et apportera plus de 35 milliards à l’économie.
FedEx Freight plans to focus on optimizing its network and boosting its commercial offerings after it spins off from FedEx.
The freight unit, which is set to separate from its logistics parent June 1, shared a roadmap for its business strategy during an investor day Wednesday.It shared a medium-term outlook, including an expected 4% to 6% compound annual growth rate in revenue. It anticipates adjusted operating income will grow at a 10% to 12% compound annual rate. FedEx Freight, which focuses on smaller, less-than-truckload shipping, is looking to save costs by streamlining its network and fleet, it said. It also plans to modernize its technology strategy and accelerate profitable growth as a separate public company.
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