Latest news with #Newfoundland
CBC
3 hours ago
- Climate
- CBC
Fire engulfs Quidi Vidi stages and ‘smouldering ashes' are all that remain
Firefighters could only watch a fire that consumed two fishing stages and wharf structures on Tuesday in Quidi Vidi, because there was no road or hose line access. The CBC's Mark Quinn reports.
CTV News
5 hours ago
- Sport
- CTV News
Meet the Team Manitoba athletes heading to the 2025 Canada Summer Games
Athletes from around the province are gearing up to represent Manitoba on the national stage. Team Manitoba's 374 athletes are heading to Newfoundland and Labrador to compete in the 2025 Canada Summer Games in August. The provincial team has athletes participating in all 19 sports offered at the competition, which takes place every four years. 'We're maybe not up there in terms of medal count with some of the bigger provinces, but we certainly are competing in every single event,' Drew Todd, Team Manitoba's chef de mission, told CTV News. Luke Enns, a 19-year-old canoe kayaker from Winnipeg, was introduced as Team Manitoba's flag bearer for the opening ceremony during a news conference Tuesday. This will be Enns' third time representing Manitoba in national competition. He won two bronze medals at the 2022 Summer Games and competed in the 2023 Canada Winter Games in biathlon. 'I wasn't expecting this, but it's pretty cool to represent Team Manitoba in this way,' Enns said in a release. 'It's pretty amazing [at a Canada Games] to see what can happen when you put your mind to it. There's always an opportunity to do really well, and if you don't end up exactly where you want to be, you're still at the Canada Games.' Todd said there are athletes from all parts of the province competing, including some displaced by wildfires. He said several members of the provincial softball team are from Cross Lake (Pimicikamak Cree Nation). The northern community was evacuated due to the wildfire threat in late May, though residents were allowed to return home a couple of weeks later. 'They're still doing everything they can to put a team in place and compete and practice ahead of time. So it's a pretty inspiring story to see what they had to go through and the commitment that they still have to the team and getting on that plane in a couple weeks.' The 2025 Canada Summer Games run August 8-25 in St. John's.
CBC
5 hours ago
- Business
- CBC
Cheaper Marine Atlantic fares are a win for tourism industry, says Hospitality N.L.
More affordable fares for passengers using Marine Atlantic ferries is a win for Newfoundland and Labrador, according to Hospitality Newfoundland and Labrador chair John Deveraux. "With lower fares, we're definitely going to see an increase in more visitors to explore our province, [and] ease of cost for residents, visitors and businesses alike," he told CBC. On Monday, Prime Minister Mark Carney announced that he's cutting Marine Atlantic passenger and vehicle fares in half by increasing funding to the ferry service that operates between Nova Scotia and Newfoundland and Labrador. Ottawa is also freezing commercial freight rates on that route. "If we are going to build a stronger, more united economy, and we are doing that, we are going to need to make it more affordable to travel around this country, for people and for businesses," Carney said. "Today's announcement will mean more Canadians can see more of Atlantic Canada." Deveraux said Hospitality N.L. has spent years advocating for the ferry service to make its routes more affordable. On Friday, passengers will begin to see those savings. "I think there's going to be average savings of about $300 to $400 one way from Argentia and probably about $100 to $200 one way from Port aux Basques," he said. More ferries needed Marine Atlantic is experiencing a spike in travellers this summer, and Deveraux says there's been an increased interest and usage of the ferry service during peak seasons in the last few years. While the ferries are not sold out, Deveraux said, Marine Atlantic will need to develop a plan around fleet capacity. "Now we've got to hopefully up our fleet," he said. Marine Atlantic currently operates four ferries on two different routes. The year-round ferry service operates between Port aux Basques and North Sydney, N.S., with three vessels on its regular fleet: The Blue Puttees, Highlanders, and Leif Ericson. The second seasonal route operates between Argentia and North Sydney. It runs up to three times per week from June to September using the service's newest vessel, the Ala'suinu. Marine Atlantic spokesperson Darrell Mercer told CBC that the Leif Ericsson, the ferry's dedicated commercial vessel, is approaching 35 years in service. As the ferries age, he said, the boats run into more issues. "What may fit for our service today might not necessarily be what fits in the years and years ahead," Mercer said. "Fleet renewal is a constant discussion that we have with the [federal] government." Hospitality N.L. is prepared to support Marine Atlantic as it works with the federal government to expand its fleet, he said. "The only way they're going to be able to, especially in peak season, to accommodate more passengers is to have more vessels," Deveraux said. "Anything we can do to help will be there to stand beside them." Refunds by September Mercer said 110,000 people should receive automatic refunds by Sept. 1 to accommodate the ferry service's changing rates. Deveraux expects these savings to benefit the province's economy and entice people to eat at restaurants and experience more of Newfoundland and Labrador. "Our hiking and our icebergs and our whales and everything else, it's definitely a bucket list trip, and word is getting out there that the hidden gem is no longer," he said.
CBC
7 hours ago
- Business
- CBC
As young people struggle to find jobs, one expert says several factors play into high unemployment
Some young people in Newfoundland and Labrador are struggling to find jobs as the youth unemployment rate surges. As the CBC's Jenna Benchetrit reports, one expert says several factors are keeping the number high.
National Post
8 hours ago
- Business
- National Post
CoLab Adds Experienced Growth-Stage CFO Jake Kornreich to Executive Team
Article content Former Own Company CFO brings deep experience scaling SaaS businesses and leading through $2.2B acquisition Article content ST. JOHN'S, Newfoundland and Labrador — CoLab, the company building the AI operating system for hardware product development, today announced that Jake Kornreich has joined as Chief Financial Officer. CoLab's platform helps engineering organizations capture expert design feedback, centralize technical knowledge, and apply AI to accelerate product decisions. Kornreich brings a decade of leadership experience in high-growth B2B SaaS businesses, most recently serving as CFO of Own Company (formerly OwnBackup), which was acquired by Salesforce in 2024. Article content At CoLab, Kornreich will be responsible for leading the company's finance function and driving a disciplined, data-driven approach to operational planning, forecasting, and execution. As CFO, he'll focus on scaling financial systems and processes, optimizing investments, and equipping leadership with the metrics and insights needed to make better, faster business decisions. He'll also play a key role in investor and board communication as CoLab enters its next stage of growth. Article content 'This is an incredibly exciting time for the business. Momentum is building as the market is validating the power of CoLab's products, with more and more of the world's largest companies choosing CoLab to modernize their design processes. Even more compelling is the release of AutoReview, which brings practical AI use cases to an incredibly complex process, augmenting design teams and accelerating their pace of innovation. It was clear from my first meeting with Adam that CoLab's vision goes well beyond their original idea, and that this is a world-class team that's laser focused on turning that vision into reality,' said Kornreich. Article content Kornreich joined Own Company in 2019 and played a pivotal role in scaling the business through a period of rapid growth. During his tenure, he led efforts to raise several hundred million dollars in capital, completed multiple acquisitions, launched IPO readiness initiatives, and oversaw Own's expansion to more than 900 employees across seven countries. In addition to core finance and accounting responsibilities, Kornreich built and led teams across corporate development, tax, treasury, investor relations, HR, and business intelligence. He previously served as Chief of Staff to the CEO and held interim executive roles across the business. Article content 'Jake's track record speaks for itself—he has helped scale a high-growth SaaS company through every stage, all the way to a successful acquisition by Salesforce,' said Adam Keating, CoLab Co-founder and CEO. 'What really stood out is the breadth of his experience. Beyond finance, he has led HR, business intelligence, investor relations, and other key functions. That kind of cross-functional perspective is exactly what we need as we grow. Jake brings strategic insight, operational discipline, and a deep understanding of how to build a business the right way.' Article content Prior to Own, Kornreich held strategy and finance roles at Homepolish and began his career in financial services with J.P. Morgan, Freeman & Co., and Morgan Stanley. He holds a B.S. from Cornell University and lives in New York City with his wife and three children. He joins CoLab part-time in July and will transition to full-time CFO in September. Article content CoLab is the Design Engagement System used by engineering leaders at companies like Johnson Controls, Schaeffler, and GE Appliances to run faster, more effective design reviews. With the release of Autoreview, engineering teams can use AI to automatically check drawings and 3D models for errors, non-conformance with standards and guidelines, and DFM optimizations. Article content Article content Article content Article content
