Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal
Engine Capital owns 2.5 per cent of Parkland's shares, making it one of the Calgary-based company's biggest investors.
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CTV News
6 hours ago
- CTV News
More soldiers, more money. Canada's top soldier extols benefits of spending boost
Chief of Defence Staff General Jennie Carignan gestures during an interview in Calgary, Saturday, July 5, 2025. THE CANADIAN PRESS/Jeff McIntosh CALGARY — Canada's top soldier is looking forward to a boost in military spending that includes a pay raise for military personnel at a time when uncertainty on the world stage is high. NATO leaders — including Canada — have approved a plan to dramatically increase defence spending across the Western alliance to five per cent of gross domestic product over the next decade. Prime Minister Mark Carney said the move to five per cent of GDP — 3.5 per cent for core military spending and 1.5 per cent for defence-related infrastructure — will take place over the next 10 years. In an interview with The Canadian Press Saturday, Chief of the Defence Staff Gen. Jennie Carignan said work is underway to figure out how to distribute the almost 20 per cent pay hikes promised by Defence Minister David McGuinty. 'It's an envelope that will be adapting to what we need. Some of it will be a pay increase, some of it will be for benefit allowances for specific trades or specific functions,' Carignan said. 'Yes there will be a raise this year. Yes that's the aim so we want everything to be ready for the fall and winter time.' Carignan said the amount of the pay hike will depend on a soldier's rank and allowances will be allocated to specific trades where CAF needs more people. 'For example recruiting and training is a priority. We want to make sure we encourage instructors in our schools so they're going to be additional benefits as an example,' she said. Chief Warrant Officer Bob McCann said the extra pay and benefits will be a morale booster for military personnel. 'We're in a great space right now where there's a lot of attention on defence. For the troops this is outstanding because this is why we joined. We want to serve. We want to be part of Canada's defence,' McCann said. 'We want to have equipment to train so everything that's coming is truly positive and we do have 107 trades that are highly competitive with the civilian industry so getting folks in, getting them trained, takes the pressure off the troops that are already there.' Carignan said it's been a good year for recruiting with the CAF surpassing its objective by 2,000 for the first time in 10 years. She said fewer people are leaving the service as well. About 18 per cent of the new recruits are women. 'A very good retention rate and a lot more people coming in which means we are growing at CAF at the moment and very positive.' Carignan said plans are in place to boost the number of military personnel. 'We are focusing on going back to our full complement of regular Canadian Armed Forces members and reserve force so it's 30,000 reserves we are aiming for and 71,500 regular forces,' she said. 'We have additional positions that are also approved and as time goes by and we are close to our ceiling we will add additional forces.' Carignan said the extra funding will help keep Canada safe. 'Our geography does not protect us as well as it used to. We need to have more investment to actually exercise our own sovereignty here in Canada and of course this implies the Arctic,' she said. 'It is getting more contested, more traffic, more people interested in this area so of course we have to invest more in the Arctic to make sure our sovereignty is respected.' Carignan wants to see more radar bases and being able to scramble jets or ships if required. 'We have to have the sensors in place — once you have seen you have to have the ability to intercept or actually act,' she said. 'This is all building blocks that goes to our providing that defensive posture we need to have in the Arctic.' This report by The Canadian Press was first published July 6, 2025. Bill Graveland, The Canadian Press
Cision Canada
16 hours ago
- Cision Canada
Sheraton Vancouver Guildford workers on strike for fair wages
SURREY, BC, July 5, 2025 /CNW/ - More than 140 hotel workers at the Sheraton Vancouver Guildford hotel began strike action today after failing to reach a fair collective agreement with their employer. "Our members deserve better and are trying to catch up," said Unifor National President Lana Payne. "These workers kept the doors open during some of the most challenging years in hospitality. Now, they're standing together to demand better wages in the face of a skyrocketing cost of living in the Lower Mainland. This strike is about fairness, respect, and economic justice." Unifor Local 3000 members at the Sheraton Vancouver Guildford have been without a contract since April 2024. After more than a year of bargaining, workers voted to reject a tentative agreement and began legal strike action at 5:30 p.m. Pacific on July 5,2025. "This hotel runs because of our members—and they're done waiting for a fair deal," said Unifor Western Regional Director Gavin McGarrigle. "They're taking a stand not just for themselves, but for all hospitality workers who deserve better pay and respect on the job." The Sheraton Vancouver Guildford is owned by Pacific Reach Properties, a Vancouver-based investment firm with holdings in real estate, hospitality, healthcare, and tech. The company outsources its labour negotiations to Hospitality Industrial Relations (HIR), a third-party group that bargains on behalf of hotel operators across the province. "Wages at this hotel have flatlined while rent, groceries, and gas have soared," said Adrian Burnett, President of Unifor Local 3000. "Our members are scraping by while a wealthy ownership group tries to nickel-and-dime them. This strike is the direct result of that imbalance." Unifor Local 3000 represents 120 full-time and 24 part-time workers at the hotel, including room attendants, front desk staff, banquet servers, kitchen workers, and maintenance workers. The union says it remains open to productive talks but warns the strike will continue until a fair deal is on the table. Unifor is Canada's largest union in the private sector, representing 320,000 workers in every major area of the economy. The union advocates for all working people and their rights, fights for equality and social justice in Canada and abroad, and strives to create progressive change for a better future.
CTV News
a day ago
- CTV News
Business owner says Calgary Stampede brings big boost to their sales
Watch Owner and founder of Bullets N' Beeds Paulena Gidda shares her experience at Calgary Stampede and the positive impact it brings to her business.
