P.E.I. back in federal cabinet with Heath MacDonald named agriculture minister
Prince Edward Island once again has representation at the federal cabinet table.
Malpeque MP Heath MacDonald was appointed Canada's new Minister of Agriculture and Agri-Food Tuesday morning.
It first became clear that MacDonald was in the cabinet at about 10:30 a.m. AT, when he was spotted walking with other cabinet members to Rideau Hall.
It wasn't until about an hour and a half later that his specific portfolio was publicly announced.
MacDonald has held Malpeque for the Liberals since 2021.
He was re-elected on April 28 with 57.6 per cent of the vote.
The agriculture portfolio was previously held by former P.E.I. MP Lawrence MacAulay, first from 2015 to 2019, and then again from 2023 until March this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
21 minutes ago
- CTV News
Fire at Surrey e-bike store fueled by lithium-ion batteries
Video shows a massive plume of smoke coming from a fire in Surrey on June 28, 2025. (Image credit: Kalvin Angulo) A fire that broke out Saturday at a Surrey business that sells e-bikes and e-scooters was difficult to get under control because of the presence of lithium-ion batteries, which fueled the blaze. Firefighters were called to EV Revolution on 104th Avenue near 199 street around 7 p.m. for reports of smoke coming from the business, according to Surrey Fire Service Asst. Chief Mike McNamara. While there's no indication that the batteries caused the fire, McNamara said their presence made conditions challenging for crews. 'They got into the building and the smoke was extremely thick, so it was difficult to navigate in the building to find the seat of the fire,' he explained. 'It got to the point where the batteries that were part of the e-scooters, the bikes, were starting to catch fire which was creating a significant amount of heat and smoke. So, eventually they had to pull out and just make a defensive attack.' Fires involving lithium-ion batteries are more intense and more difficult to extinguish, which meant Saturday's blaze took more than six hours to get under control. No one was injured although one firefighter was treated for heat exhaustion. The cause of the blaze is under investigation, according to McNamara. Fire departments across Metro Vancouver have issued warnings about an increase in lithium-ion batteries as e-bikes and scooters have increased in popularity. McNamara said this incident presents an opportunity for people to reacquaint themselves with the risks associated with lithium-ion batteries and what can be done to prevent fires. More information about lithium-ion battery safety can be found online.
Globe and Mail
32 minutes ago
- Globe and Mail
Judge moves forward with Tim Hortons Roll Up to Win class action for Quebec residents
A judge has authorized a class-action lawsuit over emails Tim Hortons sent out in error to participants in its popular Roll Up to Win promotion – but only for Quebec residents. Montreal-based firm LPC Avocats claims some half-million customers across Canada received an email in April 2024 saying they had won a boat through the promotion, only to be told later this wasn't the case. The law firm says those clients should be awarded the boat and trailer they were told they won, plus damages. It says the prize's value is about $64,000. Superior Court Justice Donald Bisson ruled last week that the class action can move forward, but limited it to Quebec residents because the case hinges on that province's consumer protection laws. 'Indeed, and among other things, according to the court, refusing to give the boats to those who were told they had won them – and even not offering them anything else – could destroy the public's trust in mobile app contests and justifies the claim for requested punitive damages,' Bisson wrote in a judgment dated Friday. The ruling cited statements by people who described celebrating the news of their 'win' with family and Tim Hortons staff, only to be crushed to learn later that they hadn't won. In a phone interview, lawyer Joey Zukran said the company didn't offer customers 'even one free coffee' in return for the mistake. 'They took the loyalty of their customers for granted, they laughed at them, instead of offering them some form of compensation that maybe would have prevented the filing of a class action,' he said in a phone interview. He says the Quebec consumer protection law states merchants and not customers should be held responsible for errors. A spokesperson for Tim Hortons says the company apologized last year to the customers who received the email, and declined to comment further because the case is before the courts. 'We apologized last year after some guests received an email in which some prizes that they did not win were included in their contest recap,' communications director Michael Oliveira wrote in an email on Sunday. 'We know that the millions of prizes won in the contest were distributed to winners accurately and as per our contest rules.' According to the court decision, the lead plaintiff in the suit received an email on April 17, 2024 informing him that he'd won a Tracker Targa 18 WT 2024 boat and its trailer as part of the Roll Up To Win promotion. Later that day, the company sent out a second email blaming 'technical errors' for the fact that clients had been incorrectly informed they'd won certain prizes. The company also apologized for the frustration. According to Friday's decision, the company argued in part that the communications did not constitute a consumer contract, and therefore should not fall under consumer protection laws. Bisson rejected that argument, noting the promotion required consumers to purchase something to enter. However, he said the company would have the opportunity to argue its case in detail when it is heard on its merits. The judge added that 'an error in Tim Hortons' declaration or a defect in its systems does not exempt it from liability' under Quebec consumer protection laws. Zukran says he isn't sure how many people will be members of the lawsuit under the narrowed criteria. He said he has three months to file the formal lawsuit, called an originating application. The litigation could take a few years to wind its way through the courts unless the company settles, he added.
Globe and Mail
32 minutes ago
- Globe and Mail
Where Will Brookfield Asset Management Be in 10 Years?
Brookfield Asset Management (NYSE: BAM) is an attractive dividend growth stock. You could also look at it as a desirable growth and income stock. The two stats backing that up are the above-market 3.1% yield and the huge 15% annual dividend growth rate that management is projecting out to the end of of the decade. What does that mean for investors? And what happens after 2030? What does Brookfield Asset Management do? Before looking at the dividend growth opportunity with Brookfield Asset Management, it is important to understand what the company does. It is a large Canadian asset manager with a historical focus on infrastructure. It has long invested on a global scale, as well, so it has a very broad investment universe. In recent years it has expanded the universe, too, adding a bond specialist to the mix and broadening its efforts in private equity. Brookfield Asset Management operates across five different platforms: renewable power, infrastructure, real estate, credit, and private equity. It believes it is positioned to benefit in all of these business lines from key long-term trends, including the shift toward clean energy, the world becoming increasingly digital, and de-globalization. The goal is to increase the fee-bearing assets it manages from $550 billion to $1.1 trillion by the end of the decade. As an asset manager, Brookfield Asset Management charges fees for managing other people's money. So growing fee-bearing assets will lead to higher revenues and earnings. If it hits its current targets, the company believes it can grow the dividend 15% a year through the end of 2030. What will Brookfield Asset Management look like in 2030? Assuming Brookfield Asset Management can live up to its dividend growth goal, which is not unreasonable, the dividend will grow from about $0.44 per share per quarter to $0.88. If the stock price remains the same in 2030 as it is today, the dividend yield would increase from 3.1% to 6.3%. If, as is more likely, the stock price increases as the dividend grows, the stock will rise from around $56 per share to $112 if the yield remains at the 3.1% level. But, in the price increase example, the yield on purchase price for an investor buying today would still be 6.3%! That's great and should interest dividend growth as well as growth and income investors. But what happens over the five years after that? If the company can keep growing the dividend by 15%, which would be a very tall order, the dividend in 2035 would be $1.77 per share per quarter. That would suggest a yield on purchase price of 12.6% and a stock price of $224 per share if the market continued to afford the stock a 3.1% yield. Wow! However, 15% dividend growth for a decade is a pretty aggressive expectation. What if the dividend growth is just half that rate after the first five years, slowing to 7.5% a year between 2031 and 2035? In that case the dividend will grow to $1.26 per share per quarter and the yield on purchase price would fall to "only" 9%. If the stock is still yielding 3.1% in 2035, the stock price based on the higher dividend would be around $160 per share. So it is still a very attractive outcome even if Brookfield Asset Management's growth slows materially in the back half of this 10-year outlook. A lot depends on Brookfield Asset Management's execution These are just estimates played out using a spreadsheet. Real life is always more complicated. Brookfield Asset Management's future is highly dependent on its ability to execute and, frankly, the ups and downs of Wall Street. However, if Brookfield Asset Management can live up to its lofty goals over the next five years, it is a very attractive dividend growth/growth and income stock today. And if it can do half as well over the five years after 2030 it will still be an attractive investment over that 10-year horizon. Should you invest $1,000 in Brookfield Asset Management right now? Before you buy stock in Brookfield Asset Management, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Brookfield Asset Management 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 $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor 's total average return is1,062% — a market-crushing outperformance compared to177%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
