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Brokenhead Ojibway creates new reserve on outskirts of Winnipeg

Brokenhead Ojibway creates new reserve on outskirts of Winnipeg

Yahoo05-07-2025
Brokenhead Ojibway Nation is expanding its reserve land just outside Winnipeg city limits, in a move the First Nation says will help advance its economic development and self-determination.
Almost 25 hectares (60 acres) of land in the rural municipality of East St. Paul, just northeast of Winnipeg, have been added to the First Nation's jurisdiction, its leadership announced Friday.
Brokenhead Chief Gordon Bluesky said the Treaty 1 signatory has been negotiating with the federal government for nearly 20 years to create the new reserve, and that the announcement has been a long time coming.
"We're trying to fulfil our treaty land entitlement, which is an outstanding obligation from 1871. Our people were promised these lands in 1871," Bluesky said.
"We've worked long and hard, and I acknowledge my ancestors for having that foresight in terms of having these opportunities available to us. And I'm just here to carry the ball over the finish line."
'We have lots of ideas'
Bluesky said the plot — east of Highway 59 and south of the Perimeter Highway — was purchased in 2009 as part of a larger purchase of over 194 hectares of land in the rural municipality.
It's near Na-Sha-Ke-Penais, the three-hectare reserve the First Nation established on land it purchased in East St. Paul around 2002.
A news release said the reserve land — primarily agricultural — will be used for traditional uses, including hunting and trapping.
Bluesky said the First Nation is also eyeing further economic development.
"We have a lot of ideas," he said. "A lot of that is centrally focused on us getting services here to this site. But essentially, we're looking at some mixed residential, some commercial, some retail."
The chief said the area could become a suburb of Winnipeg eventually as the city grows, but there's a lot of infrastructure required before shovels go into the ground.
A 'historic milestone'
Federal Northern and Arctic Affairs Minister Rebecca Chartrand said there's a lot of bridge-building the federal government must do with First Nations communities.
"There's still 10 communities here in Manitoba that are looking to advance their treaty land entitlements," she said. "These are communities that we definitely want to support."
Chris Henderson leads the Treaty Land Entitlement Committee of Manitoba, and helps First Nations get land promised by the Crown.
He said the announcement is part of a historic process toward recognizing First Nations' inherent right to govern their land.
"These three parcels that were set aside earlier this year, they now fall under the inventory and the jurisdiction of Brokenhead to do with as they please. They don't need anybody's permission," he said. "That is a historic milestone."
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Trump tariffs live updates: Buffett's Berkshire portfolio takes tariffs hit; Trump outlines sweeping new tariffs for dozens of trade partners
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Trump tariffs live updates: Buffett's Berkshire portfolio takes tariffs hit; Trump outlines sweeping new tariffs for dozens of trade partners

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The White House documentation released Thursday also confirmed some of the parameters of recent deals including 19%-20% rates on a range of Southeast Asian nations and an unchanged 10% rate on the United Kingdom. Dozens of other nations also saw their tariff rates upped to 15% from 10% — in line with deals sketched out in recent days that included that headline 15% tariff rate on Europe, South Korea, and Japan. But some nations were not included in Tuesday's release — those omitted included many nations with which the US currently has a trade surplus — who therefore are set to see their rates remain at 10%, in a surprise relief for some after comments from Trump in recent days suggested 15% would be his new minimum. Read more here. Trump extends Mexico's current tariff rates President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. President Trump said he would extend Mexico's current tariff rates for another 90 days to allow for more time for negotiations. Mexico was facing tariffs of up to 35% on certain goods beginning on Friday. The reprieve came after Trump talked with Mexican President Claudia Sheinbaum. Imports from Mexico will still be subject to other tariffs, namely duties on metals and cars. Brazil sees 35.9% of exports to US facing steeper tariff: Sources Reuters reports: Read more here. Reuters reports: Read more here. Trump: Tariffs are making 'America great and rich again' President Trump hit Truth Social again on Thursday posting that tariffs are making America "great and rich again." "ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE 'HOTTEST'COUNTRY ANYWHERE IN THE WORLD. CONGRATULATIONS TO ALL!," Trump posted. The US president also had a message for Washington's federal appeal court judges, who Trump will be meeting today in order to defend his tariffs. "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" On the eve of Trump's tariff deadline the US president unleashed a flurry of surprises. With news of deals with Thailand, Cambodia and rumours of deals with Taiwan. Unless trading partners reach an agreement by tomorrow, many will face higher tariffs. President Trump hit Truth Social again on Thursday posting that tariffs are making America "great and rich again." "ONE YEAR AGO, AMERICA WAS A DEAD COUNTRY, NOW IT IS THE 'HOTTEST'COUNTRY ANYWHERE IN THE WORLD. CONGRATULATIONS TO ALL!," Trump posted. The US president also had a message for Washington's federal appeal court judges, who Trump will be meeting today in order to defend his tariffs. "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" On the eve of Trump's tariff deadline the US president unleashed a flurry of surprises. With news of deals with Thailand, Cambodia and rumours of deals with Taiwan. Unless trading partners reach an agreement by tomorrow, many will face higher tariffs. What's in the US-EU trade deal depends on who is doing the talking Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Yahoo Finance's Washington correspondent Ben Werschkul looks into the detail of the US-EU trade deal: Read more here. Trump back in court Thursday to defend the tariffs he plans to impose Friday US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. US president Trump has already started to defend tariffs via his social media app Truth Social. Trump who will be meeting with US federal appeal court judges today posted that tariffs are making "America great and rich again." "To all of my great lawyers who have fought so hard to save our Country, good luck in America's big case today. If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE 'DEAD,' WITH NO CHANCE OF SURVIVAL OR SUCCESS. Thank you for your attention to this matter!" Trump added. Yahoo Finance's senior legal reporter Alexis Keenan breaks down President Trump's face-off with the federal appeals court judges over his tariffs: Read more here. Pakistan and US reach a trade agreement to develop oil reserves and reduce tariffs The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. The US and Pakistan have announced that they have reached a trade agreement that would allow Washington to develop Pakistan's untapped oil reserves and lower tariffs for the South Asian country, officials from both nation's said on Thursday. AP reports: Read more here. EU wine, spirits to face 15% US tariff from August 1: EU official Reuters reports: Read more here. Reuters reports: Read more here. Trump tariff surprise triggers implosion of massive copper trade Bloomberg reports: The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. President Donald Trump went ahead with 50% tariffs on copper imports, but exempted refined metals that are the mainstay of international trading. The move triggered a record plunge for US prices, after an unprecedented period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated. 'This has badly deviated from market expectations,' said Li Xuezhi, head of research at Chaos Ternary Futures Co., a unit of a commodities hedge fund in Shanghai. Those betting on higher US prices have 'wasted all their efforts' and global copper flows will return to normal, he said. Read more here. Bloomberg reports: The global copper market is reeling from its biggest shock yet in a year of policy surprises, violent price swings and unprecedented trade dislocation. President Donald Trump went ahead with 50% tariffs on copper imports, but exempted refined metals that are the mainstay of international trading. The move triggered a record plunge for US prices, after an unprecedented period of fat profits for traders who hurried metal to America before the levies kicked in. A large premium for New York futures over London evaporated. 'This has badly deviated from market expectations,' said Li Xuezhi, head of research at Chaos Ternary Futures Co., a unit of a commodities hedge fund in Shanghai. Those betting on higher US prices have 'wasted all their efforts' and global copper flows will return to normal, he said. Read more here. Lutnick: US made trade deals with Thailand and Cambodia Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Sign in to access your portfolio

Returns Are Gaining Momentum At Doman Building Materials Group (TSE:DBM)
Returns Are Gaining Momentum At Doman Building Materials Group (TSE:DBM)

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Returns Are Gaining Momentum At Doman Building Materials Group (TSE:DBM)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at Doman Building Materials Group (TSE:DBM) and its trend of ROCE, we really liked what we saw. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. What Is Return On Capital Employed (ROCE)? If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. The formula for this calculation on Doman Building Materials Group is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.069 = CA$136m ÷ (CA$2.2b - CA$233m) (Based on the trailing twelve months to March 2025). Therefore, Doman Building Materials Group has an ROCE of 6.9%. Ultimately, that's a low return and it under-performs the Trade Distributors industry average of 10%. Check out our latest analysis for Doman Building Materials Group In the above chart we have measured Doman Building Materials Group's prior ROCE against its prior performance, but the future is arguably more important. If you'd like, you can check out the forecasts from the analysts covering Doman Building Materials Group for free. What Can We Tell From Doman Building Materials Group's ROCE Trend? Even though ROCE is still low in absolute terms, it's good to see it's heading in the right direction. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 6.9%. Basically the business is earning more per dollar of capital invested and in addition to that, 130% more capital is being employed now too. So we're very much inspired by what we're seeing at Doman Building Materials Group thanks to its ability to profitably reinvest capital. Our Take On Doman Building Materials Group's ROCE In summary, it's great to see that Doman Building Materials Group can compound returns by consistently reinvesting capital at increasing rates of return, because these are some of the key ingredients of those highly sought after multi-baggers. And investors seem to expect more of this going forward, since the stock has rewarded shareholders with a 87% return over the last five years. In light of that, we think it's worth looking further into this stock because if Doman Building Materials Group can keep these trends up, it could have a bright future ahead. Doman Building Materials Group does come with some risks though, we found 2 warning signs in our investment analysis, and 1 of those shouldn't be ignored... While Doman Building Materials Group may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

B.C. Housing vacancies raise concern for Fort St. John, B.C. councillor after release of FOI docs
B.C. Housing vacancies raise concern for Fort St. John, B.C. councillor after release of FOI docs

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B.C. Housing vacancies raise concern for Fort St. John, B.C. councillor after release of FOI docs

A Fort St. John city councillor is raising concern about the number of B.C. Housing units sitting empty as demand for housing grows across the community. He's also frustrated the city had to file a freedom of information (FOI) request to get an answer about vacancy rates from the housing agency. Documents the city obtained last month show 24 out of 164 homes managed by B.C. Housing were vacant as of June 30. That amounts to a 15 per cent vacancy rate, three times higher than that of private rentals in the city. Coun. Trevor Bolin says the information only came after six months of unanswered questions from the city's housing and emergency shelter committee, a group formed last year to address homelessness and housing issues in the city of 24,000 people. "The biggest shocker was the fact we had to do an FOI… the second surprise was finding out they have a 15 per cent vacancy," said Bolin, who raised the issue during a July 28 council meeting, in an interview. "The committee just got tired of asking, we got tired of waiting," he said. "FOI's are there to ensure that accountability and transparency are upheld." When asked about the vacancies, B.C. Housing told CBC News they're common but usually temporary and are due to turnover, cleaning or maintenance. Fort St. John is the largest city in northeastern B.C., and a key service hub for the province's oil and gas industry. The city's population has grown 27 per cent over the past 15 years, and B.C. Stats projects at least another six per cent growth over the next decade. That's driving demand for housing, especially rentals. Assessment finds growing waitlists Nearly half of households in Fort St. John are renters, according to the city's 2024 housing needs assessment, which found long wait lists for seniors housing, co-ops, and homes for people with disabilities and Indigenous residents. One co-operative housing provider had more than 100 people on its wait list. Over 100 seniors were waiting to get into supportive housing. WATCH | Christine Boyle steps into new role as B.C.'s minister of housing: Since 2015, Fort St. John's rental vacancy rate has typically stayed above the three per cent mark considered healthy, but has declined considerably since peaking at over 30 per cent in 2016 during a downturn in the economy, according to the assessment. Bolin says the local rate now sits around 4.8 per cent. While the housing assessment says supply isn't yet a crisis, it does note that many renters are facing affordability challenges, especially families needing two- or three-bedroom units. As the city grows, up to 44 per cent of future demand for housing will be for rentals, and up to 15 per cent of new units will need to be at below-market rents, the report says. "As industry gets busier and the town gets busier, we're going to see more pressure on the housing market," Bolin said. "If we've got 15, 16 [B.C. Housing] units that are back on the market and being lived in, that, in the community the size of Fort St. John, is huge." Maintenance and repairs In a statement, B.C. Housing said vacancies are common but often temporary due to turnover and maintenance, and it acknowledged the challenges the city had accessing vacancy data. The agency said it's working to fill vacant units as soon as possible. Eight are currently being filled, while 16 others need repairs and are expected to be ready throughout the fall. "When partners let us know they have ongoing data needs, we work with them to set up information sharing agreements," a spokesperson said. "B.C. Housing's northern operations team will be reaching out to the City of Fort St. John to explore setting up an information sharing agreement to provide data on a scheduled basis." While B.C. Housing directly manages 164 units, it says others in Fort St. John are operated by non-profits, which track and report their own vacancy numbers. Bolin says B.C. Housing vacancies should be benchmarked, and kept no higher than the local average. He also wants to see the agency start to report vacancy numbers quarterly. The city, province, and B.C. Housing must share data more readily and plan proactively to ensure supply meets demand, so no one falls through the cracks, he said. "Really, if we don't get a handle of it and get a hold of it, it could continue to get worse," Bolin said.

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