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National Post
34 minutes ago
- National Post
Chinese surveillance camera maker Hikvision appeals order to leave Canada
OTTAWA — A Chinese maker of surveillance camera systems is appealing a federal government directive ordering it to shutter its Canadian operations due to national security concerns. Article content Hikvision said in a media statement it is asking for judicial review of a June 27 federal government order stating that the company must close down its Canadian operations. Article content Article content It's also asking the Federal Court to put the shutdown order on hold until the court decides on the judicial review. Article content Article content The federal government made its decision following a national security review under the Investment Canada Act. Article content Article content 'Since entering the Canadian market, we have followed all applicable laws and regulations, and will continue to defend our position that Hikvision products and technology have not endangered the national security of Canada or any other country in which we operate,' the company said in its statement. Article content 'We expect the legitimate rights and interests of all investors and businesses operating in the country to be fully respected and protected by its judicial system.' Article content Hikvision said it will continue operating normally for the time being, following an 'agreement' with the attorney general. Article content The company describes itself as the world's largest manufacturer of surveillance equipment. It has had a Canadian subsidiary since 2014. Article content Following the June 27 order, Industry Minister Melanie Joly said in an online post that the government looked at information and evidence provided by Canada's security and intelligence community. Article content Article content Hikvision has also faced sanctions in the U.S., Australia and the U.K. Article content Article content Some of those sanctions are due to claims that Hikvision supplied China with surveillance cameras used in the Xinjiang region, where the Uyghur population has faced human rights abuses. Article content The three companies did not immediately respond to questions from The Canadian Press about whether they still sell Hikvision products. Article content China has taken aim at Canada over the shutdown directive. Article content 'This seriously undermines the legitimate rights and interests of Chinese enterprises and disrupts and hurts the normal economic and trade cooperation between China and Canada. China strongly deplores and firmly opposes this,' a Chinese embassy spokesperson said in a June 28 statement. Article content The statement urged Canada to 'change course immediately, stop abusing national security and politicizing economic and trade issues.' Article content
Globe and Mail
40 minutes ago
- Globe and Mail
Attention, Nvidia Shareholders: 1 Crucial Thing to Watch in the Second Half
Key Points Nvidia, after early headwinds, finished the first half of the year with a gain. The company reached a new milestone in recent days, one that could set the tone for share performance in the second half. 10 stocks we like better than Nvidia › The first half was a bit of a roller coaster ride for Nvidia (NASDAQ: NVDA) shareholders. The stock slid almost 30% from the start of the year to early April amid a variety of concerns -- from the future of artificial intelligence (AI) spending to worries that President Trump's import tariffs would weigh on the economy and corporate earnings. Meanwhile, the company continued to launch its new Blackwell platform and delivered double-digit quarterly revenue growth. The message for future prospects is bright too, with Nvidia speaking of soaring demand in the area of AI inference and launching projects abroad such as the building of AI infrastructure in Abu Dhabi. All of this, along with an easing of international trade tensions, prompted investors to return to growth stocks, and one of their top picks has been Nvidia -- the stock finished the first half with a 17% gain. Now, as we head into the second half of the year, you may be wondering how Nvidia will fare -- here's one crucial element to watch. Nvidia's success story Nvidia has built an amazing success story over the years, transforming itself from a company that mainly served the video gaming market to one that's at the center of one of today's highest growth industries. The graphic processing unit (GPU) still is integral to video games, but Nvidia -- thanks to sales of GPUs and related products and services -- today generates most of its revenue from AI customers. For example, in the latest quarter, data center revenue made up 88% of total revenue. This AI giant entered the AI market in its earliest days and aggressively built an empire. Today, selling the world's top-performing GPUs, Nvidia dominates the AI chip market and has pledged to update its chips -- and often complete architecture -- on an annual basis. It launched this annual rhythm with the Blackwell architecture and chip in the fourth quarter of last year -- the rollout went smoothly, Nvidia maintained gross margin in its forecast range, and Blackwell delivered $11 billion in revenue during its first quarter of commercialization. That represented a successful start to this fast-paced innovation plan, and this brings me to the point to watch now -- a new milestone for Nvidia -- as the second half begins. Nvidia's next launch is Blackwell Ultra, and it's already started as cloud player CoreWeave just announced the availability of the platform. CoreWeave now is offering customers access to GB300 NVL72, a system that's a step up from the original Blackwell and a leap from the Hopper architecture -- that was the main Nvidia architecture in use before the original Blackwell launch this winter. GB300 NVL72 may provide a fiftyfold jump in output for reasoning model inference compared to Hopper. A new product launch Now, the point to watch is this Blackwell Ultra rollout, with special attention to demand and whether the process is smooth or not. And once earnings season rolls around, it will be important to look at sales figures as well as gross margin. If this latest update mirrors the Blackwell launch, investors may have something to cheer about -- and we'll have reason to be optimistic about the next chip launches too. Nvidia will have proved its ability to successfully handle frequent chip releases and maintain strong growth and profitability on sales. If there's a glitch along the way or if Nvidia misses a financial goal, then it will be important to dig deeper and examine whether this was just a one-time problem or something that could persist through the next product launches. This is crucial for Nvidia because its market leadership depends on this ability to innovate and successfully roll out a new product. Demand for Blackwell this winter, with it exceeding supply at certain moments, shows us customers are eager to get their hands on the next Nvidia innovation. That's positive, but Nvidia must smoothly deliver on promises in order to keep this momentum going. So far, with the Blackwell launch as a reference point, there's reason to be optimistic. And if Nvidia scores a win with the Blackwell Ultra launch too, the company could see its stock continue to march higher in the second half. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, 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 Nvidia 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 $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor 's total average return is1,060% — a market-crushing outperformance compared to180%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 July 7, 2025
CTV News
an hour ago
- CTV News
Ottawa's Erika Hoffmann making history
Ottawa racecar driver Erika Hoffmann has become the first Canadian to earn a seat with the Porsche Mobil 1 Female Driver Program. CTV's Dylan Dyson reports.
