T
安大略省项目成为首个在实施七年的《影响评估法》下获得批准的该行业项目
NIALL McGEE 采矿记者
两名消息人士告诉《环球邮报》，联邦政府已批准加拿大镍业公司 (Canada Nickel Co. Inc.) 在安大略省北部建设一座新的镍矿。这是加拿大旨在加速重大资源项目，以应对美国总统唐纳德·特朗普 (Donald Trump) 贸易战所带来的经济损失而采取的努力的一部分。
渥太华在去年 11 月将加拿大镍业公司的克劳福德矿山 (Crawford mine) 移交给其重大项目办公室，以进行监管快速审批。安大略省政府在今年早些时候也同样将该项目指定为“一个项目，一个流程”监管简化流程的一部分。
克劳福德矿山位于安大略省东北部蒂明斯 (Timmins) 以北约 40 公里处，拥有世界第二大镍储量，建成后预计将成为西方世界最大的镍矿。
克劳福德矿山将成为联邦《影响评估法》自 2019 年颁布以来首个获得批准的矿业项目。
消息人士表示，渥太华将于周五正式宣布该批准决定。《环球邮报》不披露消息人士身份，因为他们未获授权
[[IMG_XXXX]] 达米安·沃纳 (Damian Warner) 周四在格拉斯哥举行的英联邦运动会上参加男子十项全能跳远比赛。这位前奥运冠军在该项目中获得第二名，成绩为 7.77 米。ALASTAIR GRANT/美联社
加拿大选手沃纳在男子十项全能中早早取得领先，与此同时，该国在英联邦运动会奖牌榜上又增加了六枚奖牌 B14
B1
TOM CARDOSO
每天两次，地球平流层中上演着一场精妙的协作： 在格林尼治标准时间的正午和午夜，大约 1,000 个搭载传感器的气象气球切开天空，收集对全球预报系统至关重要的读数。 在 20 世纪 50 年代，联合国机构世界气象组织 (World Meteorological Organization, WMO) 的成员同意将发射气象气球作为协调数据收集工作的一部分。但现在，有 1 个国家没有遵循这一模式，专家表示这
A12
[ 体育 ]
影响了加拿大预测天气的能力。 根据《环球邮报》采访的数据和多位专家，一年多以来，美国的地面气象站已偏离了格林威治标准时间（GMT）正午和午夜的气球发射时间。在许多情况下，这些发射——气象学家称之为“探测”——被延迟了数小时，导致与世界其他地区失去同步。在其他情况下，气球则完全停止了发射。 《环球邮报》的分析发现，在过去一年半中，在世界气象组织（WMO）指定时间可靠发射气象气球的美国站点数量大幅下降。在 2025 年初仍定期在格林威治标准时间正午和午夜发射的站点中，到今年夏天仍遵守该时间表的仅占 51%。 加拿大也出现了下降，但幅度小得多：其 92% 的站点仍在他世界气象组织（WMO）的时间段内进行发射。 虽然这种变化的影响难以量化，但几位气象学家、科学家和预报专家表示，加拿大在面对严重天气事件时将获得更少的信息或预警，且该国必须在建模时减少对美国数据的依赖。
天气，A6
周末观察 《蜘蛛侠：全新之日》 迅速陷入漫威 陈旧的套路中
马修·陶尔斯 (MATTHEW TOWERS)
探索我们的国家信息自由请求数据库 SecretCanada.com
A8
公开发言。 加拿大镍业公司和联邦自然资源部长蒂姆·霍奇森 (Tim Hodgson) 的办公室均在周四拒绝置评。 在《环球邮报》发布该公告的报道后，加拿大镍业公司的股价在周四的多伦多证券交易所创业板交易中上涨了 15%。 建设新矿山、管道和港口是总理马克·卡尼 (Mark Carney) 战略的关键方面，旨在抵消唐纳德·特朗普 (Donald Trump) 对加拿大经济关键部门（如汽车、钢铁和铝业）征收关税所造成的财务打击。
镍，A15
作品集 一对加拿大夫妇的 插画庆祝了夏季旅行的 经典元素：薯条摊
商业报道 随着西捷航空 (WestJet) 乘务员发出 72 小时 罢工通知， 旅行中断迫在眉睫
北大西洋公约组织 (NATO) 实习生 涉嫌 为中国从事间谍活动
格雷格·默瑟 (GREG MERCER) 萨拉·穆杰塔德扎德 (SARA MOJTEHEDZADEH) 玛丽·伍尔夫 (MARIE WOOLF) 科林·弗里斯 (COLIN FREEZE)
一名在比利时被捕的加拿大北大西洋公约组织 (NATO) 实习生被该国检察官指控为中国从事间谍活动，一名国家安全消息人士告诉《环球邮报》。 自周六宣布逮捕该实习生以来，比利时当局尚未公布该女性的姓名，但消息人士向《环球邮报》确认其身份为张碧薇 (Biwei Zhang)，也叫 Claire Zhang。 该消息人士表示，张女士在北大西洋公约组织 (NATO) 的派遣是由加拿大全球事务部资助的，该部门负责她的安全审查。全球事务部未立即回应置评请求。 第二名国家安全消息人士也确认，相关指控涉及中国。 《环球邮报》不对消息人士的身份进行披露，因为他们未获授权就此案公开发言。 公开记录和张女士的社交媒体资料显示，她曾有在渥太华联邦机构工作的经历，包括国家航天局和加拿大统计局。 加拿大统计局媒体关系负责人卡特·曼 (Carter Mann) 表示，该机构“非常严肃地对待此事”，但拒绝进一步置评。 他在一份声明中表示：“我们将继续在国内以及与国际伙伴协作，以保护国家安全并维护调查程序的完整性。”
实习生，A6
出售世界杯 股份 引发欧洲抵制
GRAHAM DUNBAR 瑞士，日内瓦
欧洲各国周四达成一致，将抵制世界杯及所有其他国际足联（FIFA）赛事，以抗议主席詹尼·因凡蒂诺（Gianni Infantino）计划将足球赛最大赛事的股份出售给私募股权投资者的方案。
北美足球管理机构在同一天晚些时候拒绝了他的计划。
欧洲足联（UEFA）在与其 55 个成员国举行紧急在线会议后表示，“以及其国家协会将不参加国际足联的赛事”。
下一场计划在欧洲举行的国际足联赛事——由波兰主办的 U-20 女子世界杯（9 月 5 日起）将在几周内开赛，且英国的四个足协是目前国际足联中唯一申办 2035 年女子世界杯的竞标者。该决定将于 11 月 23 日公布。
欧洲足联在声明中表示：“有些东西简单来说太重要了，不能出售。国际足联世界杯属于足球。永远如此。只要欧洲仍有话语权，它就绝不会被出售。”
此次战略会议的召开是为了应对因凡蒂诺向国际足联 211 个全球成员每方提供 $20-million 的报价，该报价必须在 9 月中旬前被接受。
周四晚些时候，由 41 个成员组成的北中北美及加勒比足联（CONCACAF）举行会议并宣布拒绝因凡蒂诺的计划。
FIFA, A7
一楼 (FIRST FLOOR)
正装衬衫 精选款式 $2 精选西装 原价 $599 起 & 以上 $12$5 设计师西装
原价最高 $650
$ 运动夹克
设计师 休闲裤与 正装裤 %
二楼 (SECOND FLOOR)
设计师男装西装 第 1 套 第 2 套 第 3 套 $11 $10 $12
运动
夹克
$11
正装裤与衬衫
5
° 不含白色衬衫。 + 特大号西装及运动夹克（48 码及以上）需额外付费。
肯辛顿市场 (KENSINGTON MARKET) 周一至周五 11-6 周六 10-5 / 周日 12-5 法定假日周一 8 月 3 日关闭
MICHAEL BELMORE, BRIDGE (细节), 2016, 铜铝珠, 铜杆, 182.9 × 40.6 厘米。购入, 2021。格尔夫美术馆收藏 (ART GALLERY OF GUELPH COLLECTION)
整个 7 月，我们正在展示格尔夫美术馆 (Art Gallery of Guelph) 的艺术作品，该馆是加拿大首屈一指的文化空间之一。AGG 涵盖历史和当代艺术，馆藏 11,000 件以上的艺术作品，并拥有加拿大公共艺术博物馆中最大的雕塑公园。该馆集合了来自加拿大及海外的多元艺术之声，从早期的汤姆·汤姆森 (Tom Thomson) 及七人画派成员的作品，到原住民、梅蒂斯人和因纽特艺术家当代作品。artgalleryofguelph.ca
阿尼什纳比族 (Anishinaabe) 艺术家 Michael Belmore 的作品《桥》(Bridge) 通过排列成 ASCII 二进制代码的 0 和 1 的铜铝珠，重新构想了贝壳珠带 (wampum belt)。该作品利用贝壳珠在建立 and 强化社会及政治协议中的作用，使传统与当代知识体系产生对话。对于 Belmore 先生来说，两者都是连接（有时也是分裂）社区的“被遗忘的代码”。
《桥》横跨这些领域，挑战了过去与现在、传统与现代、模拟与数字以及原住民与非原住民技术之间的二元对立。
允许阿尔伯塔人 自我转诊并插队 并不能改善医疗服务 A11
《环球邮报》致力于维持最高的伦理、法律和编辑标准。 SANDRA E. MARTIN, 标准编辑, standardseditor@globeandmail.com
MATTHEW FRANK
多伦多警方在一宗困扰调查人员近二十年的冷案中提出了一项一级谋杀指控，此前警方使用了名为法医遗传基因谱系学的技术追踪到一名嫌疑人。
2006年9月17日早晨，帕特里克·桑托斯（Patrick Santos）的父亲在放狗出去时，在后院发现了21岁的儿子已经死亡。
警方当时表示，桑托斯先生在前往位于斯卡伯勒（Scarborough）的家中途中遭到伏击，双手被捆绑，被多次刺伤，并在口部被胶带封住后因窒息死亡。
调查人员发现了他们认为属于涉嫌袭击者的DNA证据，但自从发现桑托斯先生死亡以来，近二十年间该案一直未能取得进展。
这种情况在本周发生了改变，警方逮捕了来自汉密尔顿（Hamilton）的43岁男子皮埃尔·奥康纳（Pierre O’Connor），并指控他一项一级谋杀罪名。针对他的指控尚未经过法庭审理。
侦探警佐史蒂芬·史密斯（Stephen Smith）在新闻发布会上表示，调查人员仍在试图理清桑托斯先生与奥康纳先生之间导致此次涉嫌杀人的关系。史密斯侦探警佐表示，这很可能是两组人员之间的矛盾。
他表示，由于警方认为还有其他人参与了桑托斯先生的死亡，因此调查仍在进行中。
史密斯侦探警佐在一次内——
[ 专栏作家 ]
人称
Ron DeBoer 意识到他 父亲留下的旧邮票册 其价值可能不仅限于金钱 A13
[ 更正 ]
本周六的一篇《商业报告》文章在描述珠宝设计师 Jenny Bird 早年的一份夏季工作时，出现了一些不准确之处以及需要澄清的细节。当事人误述了当时 Elora 的人口数量；根据加拿大统计局的数据，当时人口为 3,200 人，而非 2,800 人；并在文章发表后澄清，她的父母并非农民，但她是在农场长大的。与报道内容相反，她并未表示自己不具备救生员技能，且文中关于急救操作的引用有误。她在不到 16 岁时曾在厨房洗锅，且是从采石场而非峡谷跳下的。高中毕业后，她攻读的是商业学位，而非户外康体专业。
在采访中提到，如果没有调查性遗传基因谱系学 (IGG) 的应用，这次逮捕就不会发生。该技术涉及将 DNA 与公众使用的基因谱系数据库进行比对。这使得警方能够识别嫌疑人或嫌疑人的潜在亲属。 “你之前是在大海捞针，”他在提到最近一起冷案逮捕时说道。“IGG 移走了大海，直接提供了那根针，然后你就可以通过 DNA 予以确认。” 侦查员警佐 Smith 表示，当调查人员在 Santos 先生死后分析现场时，他们收集到了另一个人留下的“大量 DNA”，不过由于案件尚在审理中，他拒绝透露具体的证据细节。 但他说，那段 DNA 与当时任何嫌疑人或皇家骑警国家 DNA 数据库中的任何人都不匹配。 2019 年，多伦多警方开始将 IGG 用于冷案调查。警方表示，一年后，警员与总部位于休斯顿的法医研究公司 Othram Inc. 利用发现 Santos 先生现场的证据创建了一个嫌疑人画像。 侦查员警佐 Smith 表示，结果并未立即确定嫌疑人，而是凸显了关于一名相关人员的其他潜在线索。他说，该人员最终引导警方找到了被告。 Santos 案是多伦多及加拿大其他地区警方利用遗传基因谱系学锁定嫌疑人的最新案例。
唐纳德·特朗普与加拿大 达成的任何贸易协议 都只会保证未来的 更多混乱 B4
侦查员警佐 Smith 表示，自 2019 年以来，多伦多警方已利用遗传基因谱系学在近 40 起案件中识别嫌疑人，其中包括在安大略省全境开展的调查。 他说，在过去四年中，该技术还被用于将人们与 89 具无名尸体联系起来。 虽然这项技术在解决冷案中起到了关键作用，但隐私监督机构担心，在识别与案件无关的家庭关系时，其使用可能会具有侵入性。 安大略省信息与隐私专员办公室去年发布了一项“护栏”政策，以应对遗传基因谱系学日益增加的使用，理由是涉及人权考量且缺乏监管。 拟议的标准包括提高数据安全性和 DNA 使用的透明度。当时，安大略省隐私专员 Patricia Kosseim 表示，这项技术有扩大“国家监控范围”的风险。 侦查员警佐 Smith 反驳了该技术具有侵入性的说法，并表示隐私专员的批评是基于“假设性情景”。 “这基本上是异想天开，假设有人完全失控，突破了所有可能的规则和法律，才可能这样做，”他说。 “但那是绝不可能实现的，如果我们走得那么远，法院早在之前就会将其叫停。”
在省北地区，仍有 159 场火灾在燃烧——但部长表示，救援人员在两周内扑灭了 80 场火灾
JEFF GRAY 皇后公园记者
安大略省自然资源部长迈克·哈里斯（Mike Harris）周四表示，在过去两周扑灭 80 场火灾后，北安大略省的野地消防员仍在应对 159 场大火——与此同时，他拒绝了就政府在创纪录的森林火灾季中所采取的应对措施举行公开调查的呼吁。
目前仍有 30 场火灾处于失控状态。这一数字低于 7 月 22 日记录的 53 场此类火灾；在此之前的火势升级迫使多个原住民社区撤离，并使南部主要城市笼罩在浓烟之中。
这场灾难使安大略省的野火应对方案受到了严密审视，并引发了长期以来关于该省是否投入了足够的人员和资源来对抗这些火灾的质疑，专家警告称，气候变化正导致火情恶化。
这些火灾还促使原住民领导人和反对党政治人物要求举行公开调查，这一要求在周四的皇后公园再次被提出。
自由党临时领导人约翰·弗雷泽（John Fraser）告诉记者，他已请求省审计长审查安大略省的野火应对情况——而审计长办公室在回复中确认，此类调查实际上已经在进行中，将于明年完成。弗雷泽先生表示，仍然需要进行一次公开调查。
在一组原住民领导人向记者发表讲话后，新民主党（NDP）党魁玛丽特·斯泰尔斯（Marit Stiles）表示，一项拥有强迫证人作证权力的公开调查将能查明问题的根源：“正如今天在这里的一位酋长所说，安大略省正在燃烧，而我们没有从省长或他的部长那里得到答案。”
周四上午，哈里斯先生在皇后公园附近的一栋政府大楼内向记者提供了野火更新情况，背景是一系列显示火情和天气图的大屏幕。
[[IMG_XXXX]] 惠特沃特原住民社区（Whitewater First Nation）酋长波琳·德雷克（Pauline Drake，左起第二位）周四在皇后公园与北安大略省原住民社区的酋长们一同就摧毁其社区的野火发表讲话。NATHAN DENETTE/THE CANADIAN PRESS
在被问及调查提案时，哈里斯先生表示，他的部门在每个火灾季结束后都会进行内部审查。但他不承诺将该审查结果公开。
“我不确定审查具体将如何运作。我们在内部进行了非常深入的研究，我认为会提出很多建议，”哈里斯先生告诉记者。“到那时，我们会看看哪些内容适合讨论。”
周四晚些时候在皇后公园，偏远地带的惠特沃特湖原住民社区（Whitewater Lake First Nation）酋长波琳·德雷克再次呼吁举行公开调查——该社区在火焰逼近时几乎在没有预警的情况下被迫撤离。
她与另外五位原住民领导人一同表示，她的社区在需要撤离火灾路径前仅几小时才收到警告：“就那样，好吧，你们需要撤离。火今晚就要到了。”
德雷克女士表示，她尚未获准返回并查看其原住民社区的损坏情况，该社区位于桑德贝（Thunder Bay）以北 250 公里处，除冬季外仅能通过水上飞机抵达。但她说她已经看到了毁灭性的照片。
“全没了，”她说。“我们将得从零开始。”
在早些时候的新闻发布会上，哈里斯先生表示，100 名经验丰富的墨西哥消防员已抵达，以协助安大略省的 156 支救援队伍（每队由 4 到 6 名消防员组成）。来自爱德华王子岛的救援队伍也已抵达协助。
哈里斯先生表示，近期阴雨且凉爽的天气使得救援人员能够取得进展，同时防止该省西北部部分最严重的火势继续扩大。
迅速地。 在这些火灾中，包括被称为 Thunder Bay 36 的那场火灾，截至周三，其面积超过 314,000 公顷，是安大略省现代史上规模最大的山火之一。哈里斯先生表示，天气的好转使得工作人员能够修建防火带，并为建筑和社区安装洒水设备。 安大略省紧急准备与响应部长吉尔·邓洛普（Jill Dunlop）周四表示，在面对火灾而不得不撤离的 14 个社区中，已有五个社区能够返回。 邓洛普女士面临来自原住民领袖的批评，他们认为她的部门在帮助受影响社区方面做得太少。上周，当她面对有关这些担忧的提问时，一名助手中断了她接受 CBC 广播电台的采访。
北极熊在周四布拉格动物园一个炎热晴朗的日子里，在一堆被运到围栏内的冰块上乘凉。
以纪念自由党忠实支持者
埃迪·戈登伯格 (Eddie Goldenberg) 是游说拨款以吸引 加拿大顶尖学者回国 及诱引国外研究人员 的人员之一
伊万·塞梅纽克 (IVAN SEMENIUK) 科学记者
去年，当美国总统唐纳德·特朗普政府开始以大幅削减资金和政治干预威胁美国研究界时，许多观察家认为这是一个历史机遇，可以说服在美科学家跨越边境，在加拿大就任学术职位。大学校长、资助机构和其他研究倡导者都在敦促渥太华政府抓住机遇，支持这场一代仅一次的招募行动。
由于这些努力，联邦政府于去年 12 月宣布，将在 12 年内拨款 17 亿美元，用于在加拿大大学设立 100 个新的研究讲席。
在幕后，敦促渥太华采取行动的有影响力声音之一来自埃迪·戈登伯格，他是一名自由党内部人士，曾任总理让·克雷蒂安 (Jean Chrétien) 的幕僚长。
本月早些时候去世的戈登伯格先生，现在将通过将他所支持的计划以其命名来予以纪念。
工业部长梅兰妮·乔利 (Mélanie Joly) 预计将于周五宣布该计划更名为“埃迪·戈登伯格加拿大研究讲席” (Eddie Goldenberg Research Chairs of Canada)。
在过去的一年里，戈登伯格先生与前总督大卫·约翰斯顿 (David Johnston) 以及加拿大高级研究所前任主席艾伦·伯恩斯坦 (Alan Bernstein) 一起，游说设立该研究讲席计划，旨在将加拿大顶尖学者吸引回国，并吸引其他国籍且愿意将工作迁至加拿大的研究人员。
三人均是朋友，他们……
【神韵演出组织者就停止演出的决定将国家艺术中心起诉至法院】
渥太华——在国家艺术中心 (NAC) 在进行了近二十年的演出后宣布无限期停止其演出，长期运行的神韵演出组织者决定提起诉讼。
在周二向联邦法院提交的司法复核申请中，渥太华法伦大法协会指控 NAC 拒绝神韵在 2026 年及以后使用演出空间，行为不当。
神韵是一家总部位于纽约的表演艺术和娱乐公司，与法轮功运动相关，一个……
PETR DAVID JOSEK/美联社 (ASSOCIATED PRESS)
曾在公共部门担任重要职务，但真正具备将这一构想付诸实施之政治专业知识的是 Goldenberg 先生——他职业上是一名律师而非科学家。“问题在于我们要与谁沟通，而这正是 Eddie 发挥作用的地方，”Bernstein 博士说。“他说，我们必须与总理、总理办公室的人员以及部长的工作人员沟通。他直接通过电话和电子邮件联系，大门随即开启。”Goldenberg 先生在启动加拿大研究支持机制的关键环节中有着深厚的参与历史。在他为 Chrétien 先生任职期间，政府启动了加拿大研究主席 (Canada Research Chairs) 计划，该计划已为全国各机构的 2,000 多名学者提供了资金，以及支持基础设施的加拿大创新基金会 (Canada Foundation for Innovation)。这些项目与个人资助金一起，现在被视为加拿大大学研究的关键联邦支持机制，而大学通常属于省管辖范围。“他致力于加强加拿大的研究生态系统，这有助于激发至今仍持续吸引卓越人才来到加拿大的创意与合作，”Joly 女士在一份声明中表示。近期，加拿大通过诸如加拿大卓越研究主席 (Canada Excellence Research Chairs) 和加拿大 150 研究主席 (Canada 150 Research Chairs) 等计划，努力引进更多资深科学家，这两个计划均向每位主席持有者承诺提供数百万美元资金。通过这条路径来到加拿大的几位科学家在各自领域以及更广泛的加拿大研究格局中产生了重大影响。例如，在多伦多大学从事人工智能与材料研究交叉领域工作的科学家 Alán Aspuru-Guzik，
以及不列颠哥伦比亚省西蒙弗雷泽大学的数学家兼流行病学家 Caroline Colijn。其他人则在初始资金到期后离开，或者在个人或职业上发现与加拿大基地不契合时提前离开。在其中一个案例中，一名在麦克马斯特大学的主席获得者被发现伪造数据，随后离开了其岗位。但无论成功与否，这种高知名度的主席职位仅授予了少数科学家。相比之下，Goldenberg 主席——此前被称为加拿大影响+研究主席 (Canada Impact+ Research Chairs)——预计将通过数量优势产生更大且具有潜在变革性的影响。“人才吸引人才，”代表加拿大顶尖研究大学的 U15 组织首席执行官 Robert Asselin 表示。“你希望拥有本土人才，并确保在这里接受教育的人加入你们的行列并成为之星，但你也需要吸引外国人才——这有点像投资。”
宗教和反共 团体，声称遭到 中国迫害。 NAC 举办了 18 年的 神韵表演。 帮助组织当地神韵表演的 渥太华法轮大法协会 指责 NAC 未能在其 2026 年演出日期方面 与之进行适当沟通。 该协会要求 NAC 提供一份关于 决定不允许其在艺术中心 表演的所有相关材料的 认证副本。 它还要求提供信息—
近几个月来，加拿大各大学已向海外研究人员发出邀请，在某些情况下，这些邀请是在新计划全面公布之前就发出的。预计通过该计划聘请的首批新招募人员将于下个月底公布。大学申请第二轮资金支持的截止日期刚刚过去。Asselin博士表示，他所接触的大学对结果非常满意。他补充说，联邦政府面临的挑战将是如何在未来维持一个一致的支持和资金水平，否则，新的讲席教授将仅仅是增加了在竞争一个不断缩小的“蛋糕”份额的研究人员数量。Bernstein博士认为该计划是一个正确的举措，是对Goldenberg先生愿景的值得肯定。但随着许多国家目前都在诱导科学家离开美国，加拿大需要采取更多措施，以确保能够同时吸引并留住顶尖人才。“讲席教授计划是一个极佳的第一步，”他说，“但它仅仅是第一步。”
关于国家艺术中心（NAC）代表与在加中国官员之间会面的质询——以及询问这些会面是否可能影响了该艺术中心的决定。 文件中提出的指控尚未经过法庭审理。 国家艺术中心战略计划高级顾问Carl Martin表示，由于此事正处于司法程序中，NAC不会对此发表评论。 法伦功协会（Falun Dafa Association）的法庭文件中称，一名高级
支持人口贩卖幸存者的 团体
TEMUR DURRANI 国家记者
由于加拿大各地的此类犯罪案件持续稳步上升，联邦政府正为一组专注于幸存者的反人口贩卖组织提供约 $3.35-million 的新资金。司法部长肖恩·弗雷泽（Sean Fraser）周四表示，安大略省、魁北克省、阿尔伯塔省、新不伦瑞克省、新斯科舍省和不列颠哥伦比亚省的九家组织将在三年内获得这笔资金，用于支持针对受害者和幸存者的项目。弗雷泽先生在“世界反对人口贩卖日”发表了这一公告，该日子由联合国在 2013 年设立，旨在促使各国政府采取行动并提高对这一持久全球问题的认识。他在一份声明中写道：“今天的投资标志着我们在终止人口贩卖努力中迈出的重要一步，并旨在巩固一个能够响应受害者和幸存者需求，同时将其安全和尊严放在首位的司法体系。”
这些非营利团体计划将资金用于一系列项目，包括为在刑事司法系统中寻求帮助的受害者提供倡导支持、在草原地区开展数字化外展计划，以及为法语群体提供定制化服务。在过去十年中，加拿大的贩卖案件激增，警方报告的事件和国家危机热线的接听电话量均创历史新高。专家表示，人口贩卖是最难检测、调查或起诉的犯罪之一，因为它与药物成瘾、贫困、无家可归和系统性歧视等问题交织在一起。通常情况下，受害者可能不知道或不相信自己正被贩卖。加拿大统计局曾多次警告，人口贩卖的数据——包括其自身记录的 2014 年至 2024 年间全国 5,070 起事件——仅能提供这一“极低报案率犯罪”的部分图景。
尽管有此 caveat，但该机构表示，记录在案的案件年复一年地持续增加。与此同时，加拿大人口贩卖热线表示，2025 年收到超过 5,900 通电话，创历史新高，比前一年增加了 14 百分比。
本周早些时候，《环球邮报》报道了汤森路透社（Thomson Reuters）的一份新调查结果，该报告显示贩卖者如何利用该国的公路和机场，建立在加拿大主要城市之间转移受害者的通道。通过审查数千条声称涉及原住民妇女和女孩的色情广告，研究人员揭示了掠食者网络的活跃路线：多伦多至温哥华；埃德蒙顿至阿尔伯塔省的麦克默里堡；卡尔加里至埃德蒙顿；以及安大略省的贝尔维尔至埃德蒙顿。
该报告与《环球邮报》上个月发布的一项调查相吻合，该调查证明了掠食者如何利用短期租赁在线平台在加拿大境内转移受害者。据《环球邮报》报道，在其中一个案例中，一名魁北克省的青少年在 15 天内被强迫向至少 50 名男性提供性服务，她被从蒙特利尔向西带经安大略省，最后抵达马尼托巴省。
在另一个凸显贩卖规模之广的案例中，多伦多地区的警方周二宣布，作为一个横跨安大略省和加拿大西部的网络的一部分，九人被指控 80 多项罪名。哈尔顿地区警察局监督员大卫·科斯坦蒂尼（David Costantini）称这“仅仅是冰山一角”。
弗雷泽先生将周四的拨款公告定位为渥太华近期立法变革的一部分，旨在收紧保释法并遏制性别暴力。《保护犯罪受害者法》（Protecting Victims of Crime Act）已于早前生效
他表示，本月出台的措施，加上使保释更难获得的新联邦反向举证规则，均为“旨在加强对人口贩运受害者和幸存者保护的法律”。总部位于多伦多的加拿大终止人口贩运中心（Canadian Centre to End Human Trafficking）执行主任朱莉娅·德莱迪克（Julia Drydyk）表示，这些资金将“为那些在极其有限的预算下开展卓越工作的前线组织带来巨大的改变”。然而，她警告说，还需要更多的支持。德莱迪克女士的慈善机构直接与大多数获得新资金的团体合作，她表示希望渥太华方面能尽快提供关于其《国家打击人口贩运战略》的细节，该战略是一个之前的五年计划，已于 2024 年到期，此前它为长期资金的稳定流动提供了基础。“当你必须不断追逐这类三年期合同时，很难为幸存者开展工作并扩大组织规模，”她告诉《环球邮报》。对于总部位于萨德伯里的“希望天使反对人口贩运”（Angels of Hope Against Human Trafficking）创始人兼执行主任克里斯蒂娜·斯卡佩里尼（Cristina Scarpellini）来说，她的非营利组织收到的 85,640 美元（用于增加针对法语幸存者的社会法律服务）不仅仅是资金。她在声明中表示：“这是一项对希望、治愈和第二次机会的投资。通过共同努力，我们可以继续构建一个让幸存者获得权力、贩运者被追究责任且人口贩运在我们的社区中没有立足之地的未来。”
专家表示，人口贩运是最难以检测、调查或起诉的犯罪之一，因为它与药物成瘾、贫困、无家可归和系统性歧视等问题交织在一起。通常，受害者可能不知道或不相信自己正被贩运。
NAC 的一名官员在 2025 年的一次公开会议上表示，艺术中心不会配合一名中国官员禁止神韵（Shen Yun）演出的要求。该起诉书还指称，在同一场会议期间，艺术中心总裁提到了关于神韵工作条件的担忧，这些担忧源自纽约州劳工部的一项调查。《纽约时报》在 2024 年报道称，神韵表演者被劝阻寻求医疗护理，承受着极其繁重的时间表，并遭受情感虐待和操纵。神韵和法轮功否认这些指控，并声称举报遭受虐待的舞者以“离奇且戏剧化的方式”歪曲了事实。他们还指责《纽约时报》在为中国政府效力。其他加拿大场馆，包括蒙特利尔的艺术广场（Place des Arts），已决定不安排神韵的演出。
加拿大新闻社 (THE CANADIAN PRESS)
首席大法官瓦格纳（Chief Justice Wagner）认为，上诉法院在驳回监管机构的申请时存在错误
伊恩·贝利 (IAN BAILEY) 渥太华
加拿大最高法院表示，联邦《利益冲突法》中不允许法院审查伦理专员调查结果的条款违宪。
在周四的一项一致裁决中，法院支持了一家监管机构，允许其继续就一份关于前总理贾斯汀·特鲁多（Justin Trudeau）参与与WE Charity相关政府决策的联邦伦理报告发起法院挑战。
首席大法官在代表法院撰写的裁决书中指出——
杰弗里·约克 (GEOFFREY YORK) 非洲分局局长 约翰内斯堡
经济学家、哥斯达黎加前副总统雷贝卡·格林斯潘 (Rebeca Grynspan) 在联合国安理会的一次straw vote（非正式投票/试探性投票）中获胜，在竞选下一任联合国秘书长的过程中取得了早期领先。
周四投票中的前两名均为女性候选人，这增强了公民社会团体的希望，这些团体正推动联合国在历史上首次选择一名女性担任最高职务。
根据几家监督联合国决议的独立机构披露的结果，前盖亚那外长卡罗琳·罗德里格斯-比尔基特 (Carolyn Rodrigues-Birkett) 在安理会的秘密投票中排名第二。
预计在接下来的几个月里将进行一系列非正式投票，以缩小候选人范围，并确定一名共识候选人来接替葡萄牙的安东尼奥·古特雷斯 (António Guterres)，后者在任职 10 年后将于 12 月底卸任。
获胜候选人需要获得 15 个成员的安理会中至少 9 个成员的支持，并且还需要避免被安理会 5 个常任理事国（英国、法国、中国、俄罗斯和美国）中的任何一个否决。安理会的决定通常由联合国大会予以批准。
新任秘书长将面临一项艰巨任务，即保护联合国免受严重的财务压力，特别是来自特朗普 (Trump) 的压力。
RICHARD COWAN DAVID MORGAN DAN ROSENZWEIG-ZIFF
美国总统唐纳德·特朗普周四威胁，将撤回他关于任命托德·布兰奇（Todd Blanche）担任美国司法部长的提名，直至明年。此举升级了与参议院共和党人的僵局，后者反对一项拟议中的“反武器化”基金，认为该基金可能会使特朗普的盟友获益。
这场争端凸显了特朗普对其自身党派控制的国会掌控力正在削弱，但这并不影响布兰奇的任职，他可以继续作为代理司法部长领导司法部。共和党参议员约翰·科宁（John Cornyn）和汤姆·蒂利斯（Thom Tillis）一直在阻挠布兰奇的提名，同时寻求书面保证，要求司法部不再设立这项 US$1.8-billion 的“反武器化”计划。特朗普的批评者对此嗤之以鼻，称其为利用纳税人的钱奖励支持者的秘密基金。
据一名知情人士透露，科宁先生和蒂利斯先生于周四下午晚些时候与布兰奇先生进行了 45 分钟的会谈，试图挽救确认投票。该人士在要求匿名的条件下表示，双方正处于“协作”状态，且更接近达成协议，布兰奇先生也回答了关于其拟议解决方案的问题。
特朗普在社交媒体上表示，他可能会撤回布兰奇的提名，然后在科宁和蒂利斯离任后的明年再次提名他。特朗普还声称，他将终结这两位参议员的政治生涯。
科宁和蒂利斯将于 1 月初结束其参议院任期。布兰奇曾是特朗普的私人律师，在总统解雇帕姆（Pam）之后被任命为代理司法部长。
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理查德·瓦格纳（Richard Wagner）大法官裁定，联邦上诉法院在驳回民主观察（Democracy Watch）关于此事的申请时存在错误。
“每一次公权力的行使都受法院监督管辖权的约束，以确保其不超出法律界限，”首席大法官瓦格纳写道，并指出“合法性审查”是受宪法保证的。
“《调查员法》（COIA）第 66 条试图禁止对事实和法律问题进行司法审查，从而侵犯了这一保证；就此而言，该条款不具有法律效力。”
该条款规定，专员的每一项命令和决定均是最终的，不得在任何法院被质疑或审查，除非符合《联邦法院法》中的某些理由。
首席大法官瓦格纳写道，对专员的政治监督并不足以……
[[IMG_XXXX]] 图片说明：图中人物为雷贝卡·格林斯潘（Rebeca Grynspan），拍摄于 4 月的巴黎。她正与另外四人竞争联合国秘书长一职，该职位目前由葡萄牙的安东尼奥·古特雷斯（Antonio Guterres）担任。STEPHANE DE SAKUTIN/AFP VIA GETTY IMAGES
……美国政府，后者要求大幅削减联合国官僚机构。
由于安全理事会经常陷入僵局，联合国也被认为日益低效。
在预选投票中，理事会成员被要求对每位候选人表示“鼓励”或“不鼓励”。根据非官方结果，有 10 个国家对格林斯潘女士投了“鼓励”票，仅有 1 个国家投了反对票，其余 4 个国家未表达意见。
现年 70, 岁的格林斯潘女士一直担任……
四月的邦迪 (Bondi)。 关于布兰奇 (Mr. Blanche) 先生任命的僵局，是唐纳德·特朗普 (Donald Trump) 先生与部分参议院共和党人之间日益加深的分裂的最新迹象。该党面临在 11 月的中期选举中失去其在参议院 53-47 席位多数地位的可能性，且议会中的一些共和党人表现出越来越强的抵制总统的意愿。
共和党人拒绝了在被拆除的白宫东翼原址上为特朗普先生的舞厅筹资的努力，并抵制了他要求修改参议院规则以通过其党派性选民身份证法案——《拯救美国法案》(SAVE America Act) 的呼吁。在特朗普先生支持挑战者肯·帕克斯顿 (Ken Paxton) 后，科宁 (Mr. Cornyn) 先生在德克萨斯州的初选连任竞选中失败，他告诉记者，谈判可能会在下周之前处于停滞状态。代表北卡罗来纳州的蒂利斯 (Mr. Tillis) 先生在与特朗普先生就总统一项综合税收削减和支出法案中的医疗补助 (Medicaid) 削减问题发生冲突后，于去年宣布退休。
科宁先生和蒂利斯先生一直是反对特朗普先生的公众代表。但科宁先生在社交媒体上表示，其他参议员也持有同样的担忧。布兰奇先生还与犹他州的共和党参议员约翰·柯蒂斯 (John Curtis) 进行了会面，试图争取支持。
布兰奇先生可能不需要经过确认，即可在特朗普先生总统任期的剩余时间内有效地担任其司法部长。只要其提名没有被正式拒绝或撤回，代理官员可以在“提名在参议院待定期间”履行其职责。 并且，作为副司法部长， he 可以行使司法部长的所有职责。
关于布兰奇 (Mr. Blanche) 先生任命的僵局，是唐纳德·特朗普 (Donald Trump) 先生与部分参议院共和党人之间日益加深的分裂的最新迹象。
司法审查的替代方案。 联邦司法部的发言人伊恩·麦克劳德 (Ian McLeod) 表示，该部门正在“详细”审查法院的决定。 利益冲突与伦理专员办公室的一位发言人在一份声明中承认了最高法院的裁决。 “本办公室尊重加拿大最高法院的判决，并继续致力于独立、公正且依法执行《利益冲突法》，”通讯总监梅兰妮·鲁什沃思 (Melanie Rushworth) 说道。 康拉德·冯·芬肯斯坦 (Konrad von Finckenstein) 自 2024 年 2 月起担任伦理专员。
周四最高法院裁决的争议焦点是时任伦理专员马里奥·迪翁 (Mario Dion) 在 2021. 年 5 月 发布的一份报告，该报告发现特鲁多 (Mr. Trudeau) 先生作为总理，并未违反
自 2021 年起担任联合国贸易和发展会议负责人。她从 1994 年到 1998 年担任哥斯达黎加副总统，并曾担任其他多个内阁职务。 在她的候选人“愿景声明”中，格林斯潘 (Ms. Grynspan) 女士表示，世界对联合国的信任正在减弱。 “我们做得不够，”她说道。“太多人认为联合国在结束战争的谈判中缺席。它被认为与人们的日常生活需求过于疏离，专注于很少有人阅读的报告和很少有人关注的会议。” 联合国的领导层必须提升以
当该职位空缺时，他将接管该办公室。这意味着只要他处于该职位且上方无人，布兰奇先生（Mr. Blanche）很可能可以无限期地掌管司法部。
这项“反武器化”基金是唐纳德·特朗普（Donald Trump）与司法部达成法律和解协议的一部分，旨在解决他因指控美国国税局（IRS）处理其税务记录不当而提出的 $10-billion 诉讼。由于国会共和党人的反对，该基金已被搁置。
该基金可能会使特朗普的盟友受益，这些人声称过去因为参与 6, 2021, 攻击美国国会大厦的事件而遭到联邦政府的不公正针对。特朗普先生去年给予了因参与 6 骚乱而被起诉的支持者们特赦。
科宁先生（Mr. Cornyn）周四早些时候告诉记者，他仍在等待司法部正式保证不会执行该基金。
“我不知道他们认为他们能熬到我们放弃，还是认为我们会妥协。但我可以向你们保证，我们不会，”科宁先生告诉记者。
科宁先生和蒂利斯先生（Mr. Tillis）还反对一项与国税局达成的协议，该协议将阻止对特朗普先生及其关联人士进行税务审计。
特朗普先生撤换邦迪女士（Ms. Bondi）是因为他对她的表现感到沮丧，特别是关于公布已故金融家兼性犯罪者杰弗里·爱泼斯坦（Jeffrey Epstein）相关文件的进度。据消息人士透露，特朗普先生还认为邦迪女士在起诉他希望追究刑事责任的批评者和对手时行动不够迅速。
他在参与与 WE Charity 相关的资金决定时，违反了《利益冲突法》。
迪翁先生（Mr. Dion）得出结论，虽然在面对明显的利益冲突时，建议通过回避并及时通知专员来处理，但该法案并没有强制要求这样做。
自由党政府在 2020 选择 WE Charity 来管理一项数百万美元的计划，旨在鼓励学生参与与 COVID-19 相关的社区服务志愿者活动。
然而，由于特鲁多（Trudeau）家族与 WE Charity 的联系，此事引起了质疑。特鲁多先生公开承认，由于存在冲突的迹象，他本应在政府对此事的决策中回避。
Democracy Watch 向联邦上诉法院申请对专员的决定进行司法审查，指称专员在解读和应用《利益冲突法》时在事实和法律上存在错误。
上诉法院一致驳回了 Democracy Watch 的申请。
在周四的一份声明中，Democracy Watch 联合创始人达夫·科纳彻（Duff Conacher）表示，最高法院的裁决设定了一个明确的先例，他认为这将允许所有未来挑战伦理专员裁决错误的案例，以及延伸至加拿大境内所有机构、委员会、专员和法庭的类似案例继续推进。
科纳彻先生表示，该裁决将有助于确保所有行政法实体正确地维护和执行法律。
本文由加拿大新闻社（The Canadian Press）报道。
格林斯潘女士（Ms. Grynspan）表示，面对这场“信仰危机”，我们要么将其化解，要么被其吞噬。“捍卫联合国就是拥有改变它的勇气。”
罗德里格斯-比尔基特女士（Ms. Rodrigues-Birkett）在非正式投票中排名第二，获得了 9 个国家的支持和 2 个国家的反对。排名第三的是来自阿根廷的拉斐尔·格罗西（Rafael Grossi），他在过去 6 年中一直领导联合国的核监督机构——国际原子能机构。他获得了 7 个国家的支持和 2 个国家的反对。
人们普遍认为，联合国的这个最高职位在 19
时间应交给一位来自拉丁美洲或加勒比地区的候选人，这是基于全球各地区之间的一种非正式轮替机制。七位候选人中有五位来自该地区。
其余两位候选人为塞内加尔的马基·萨尔（Macky Sall）和乌干达的奥拉拉·奥图努（Olara Otunnu），但两人在周四的非正式投票中受到的反对票多于支持票。
国际危机组织（International Crisis Group）联合国事务负责人丹尼尔·福蒂（Daniel Forti）在投票后的一篇社交媒体帖子中表示，结果“证实了外交官们普遍认为格林斯潘（Grynspan）的竞选势头强劲的观点”。
然而他指出，随着候选人的退出或新候选人的加入，安理会成员的偏好可能会发生变化。他说：“后期的讨价还价将会更加激烈。”
一些公民社会团体为了让选拔过程更加透明，减少暗箱操作，一直推动对每位候选人进行更严格的审查。他们的努力促使候选人之间进行了一系列公开对话，使他们能够面对质询。但分析师仍警告称，这场竞争可能会被那些避开公开流程、在最后时刻才加入的候选人所影响。
下一次非正式投票预计在8月举行。美国驻联合国大使迈克·沃尔茨（Mike Waltz）在周四投票后告诉记者，他预计安理会将在“未来几个月内”达成决定。他补充道：“我们需要一位能够改革这个机构、使其更精简、更符合目标且在国际舞台上更具影响力的秘书长。”
自闭症权益倡导者呼吁 在卡尔加里男孩被发现死亡后 彻底改革警报系统
【卡尔加里】在一名卡尔加里男孩死亡后，一个代表加拿大自闭症患者的非营利组织表示，需要为失踪的弱势群体建立更好的紧急警报系统。
周三下午，警方在城市地下复杂的排水管网中发现了11岁男孩帕克（Parker）的尸体，距离他首次被报道从北区一家日托中心失踪已近两周。
针对这名患有自闭症且无法用语言沟通的男孩，相关部门开展了大规模搜救，数百名警察和志愿者搜寻了城市街区，并播放他最喜欢的迪士尼歌曲试图将其引出。
此次搜寻也引发了关于在弱势儿童失踪时如何向公众发出警报的质疑。
国家自闭症网络（National Autism Network）表示，针对弱势儿童及其家庭的紧急警报系统和急救人员培训需要“紧急改变”。
一群母亲还发起了请愿，敦促官员针对包括神经多样性儿童在内的类别，发布类似的广泛触达紧急信息。
该组织在周三的一份新闻稿中表示：“国家自闭症网络将在未来几天为自闭症患者、家庭、专业人士和社区创造空间，以分享故事、寻找解决方案并帮助推动真正的改变。”
加拿大通讯社（THE CANADIAN PRESS）
接 A1 页
“短期内，许多北美的气象学家突然对数据失去了信心，”安大略省伦敦市西安大学北方龙卷风项目负责人、强风暴科学家大卫·西尔斯 (David Sills) 表示。“我刚才查看了今天早晨的气球发射情况，在新墨西哥州阿尔伯克基与萨斯卡通之间没有一次发射，”西尔斯博士说道。“那里什么都没有，是一片空白。”
数据显示，美国西部的许多早晨探测任务被推迟了 6 小时，从格林威治标准时间 (GMT) 中午 12 点移至下午 6 点，导致加拿大预报员所使用的观测数据出现了 18 小时的缺口。
“我们正看到高分辨率模型的精度在下降，”西尔斯博士说。“今年与气象学家交流时，大家都在问：‘到底发生了什么？’”
虽然很难追踪这些变化对具体预测或随后的天气预警产生的影响，但他表示，安大略省南部和魁北克省的强风暴预报员将失去可依赖的数据。
尽管人们多次尝试用卫星观测或其他方法取代气球，但这些廉价且经过实战检验的装置——它们升至极高处最终爆裂并坠回地球——对于全球天气模型仍然至关重要。
“如果你剔除天气气球数据并运行相同的模拟，准确度将远不及之前，”西尔斯博士说。“正是这些模型在生成我们的每日预报，并评估是否会发生强风暴或极端风暴等情况。”
西尔斯博士表示，蒙大拿州、爱达荷州、犹他州和达科他诸州探测数据的变化直接影响了加拿大的预报。由于天气往往由西向东移动，美国收集的测量结果为安大略省和草原三省的气象学家提供了关键数据。
美国国家气象局发言人约翰·贝特曼 (John Bateman) 表示，该机构的政策允许在格林威治标准时间 (GMT) 午夜、上午 6 点、中午 12 点和下午 6 点进行发射，且该机构的大多数天气气球站都在按正常时间表运行。
“任何发射次数较少的站点都是由于临时的资源或设备限制，”贝特曼先生说。
此前，美国新闻机构将这些变化与美国总统唐纳德·特朗普在过去一年半中实施的广泛削减开支联系起来。
马修·邦克斯 (Matthew Bunkers) 是一位南达科他州的顾问兼气象学家，去年从美国国家气象局退休。他表示，一些政府工作人员对机构修改发射时间表感到满意，因为这让他们能获得更接近傍晚的数据，而那时雷暴更容易形成。
“我与美国中部办公室的预报员交谈过，他们喜欢在正午进行探测，”他说。
邦克斯博士还表示，发射时间的转移不一定会危及预报模型。三十年前，模型通常每天运行两次，但现在则是连续运行，并由卫星……总统。
一项联邦法院的决定显示，在 2023 年，加拿大公共服务委员会发现张女士在两次申请加拿大边境服务局的同一职位时实施了欺诈，且未告知任何人这两次申请均来自同一人。委员会发现，张女士使用了两个电子邮件地址提交申请，一个来自约克大学，另一个来自蒙特利尔大学，并两次参加了相同的标准化考试，目的是“增加她被任命的机会”。
记录显示，她就委员会的裁决寻求司法复核，但一名联邦法院法官在 2024 年驳回了她的上诉。自被拘留以来，张女士及其代理律师均未就针对她的指控发表任何公开评论。
约克大学的一位发言人告诉《环球邮报》，安保人员近期联系了学校，询问关于张女士的情况，她曾在该校获得经济学学士学位，时间为 2019 年。
一名名为张碧薇的个人，出生于 1993 年，在北约克、紧邻约克大学校园南侧共同拥有一处房产。一名邻居告诉《环球邮报》，他们认为该房产已被出租。
一名被列为该房产共同所有者但居住在附近联排别墅的女性，在周四接受《环球邮报》记者询问时拒绝回答问题。
根据她在 LinkedIn 上的在线简历，张女士还就读于渥太华大学，在那里获得了计算机科学与系统工程硕士学位。
比利时检察官在宣布逮捕张女士时表示，该女子在蒙斯市的北大西洋公约组织 (NATO) 军事总部工作，是一名“华裔加拿大国民”，涉嫌为第三国从事间谍活动并隶属于某个犯罪组织。
北京尚未就此案发表公开评论。中国驻加拿大和驻比利时大使馆未回应《环球邮报》的置评请求。
北大西洋公约组织 (NATO) 2022 年的战略概念
[[IMG_XXXX]] 加拿大
团队成员在去年 6 月德克萨斯州莫顿附近的一次行动中，向风暴的流入区域释放了一个带有名为“风廓线仪” (windsond) 仪器的乳胶气象气球。CAROLYN KASTER/ASSOCIATED PRESS
GMT（格林威治标准时间）正午和午夜发射气象气球的站点百分比 在 2025 年之前，许多在格林威治标准时间正午和午夜都能可靠地发射气球的美国站点，现在不再遵循该时间表。
100%
唐纳德·特朗普 开始其美国 总统第二任期。
唐纳德·特朗普 开始其第二 任期
2024 2025 2026 50
注：率值采用 30 天移动平均值计算。
《环球邮报》，来源：综合全球无线电探空仪档案 (INTEGRATED GLOBAL RADIOSONDE ARCHIVE)
来源：综合全球无线电探空仪档案 (INTEGRATED GLOBAL RADIOSONDE ARCHIVE)
[[IMG_XXXX]] 美国
除了气球之外，还利用卫星、雷达和其他数据源。“作为气象学家，我们的工具箱里有很多工具，”他说。
虽然美国的变动可能有利于其部分气象学家，但加拿大则不得不面对一个碎片化的气象气球系统。
“加拿大网络中存在相当大的缺口，”追风者、且对天气极其关注的加拿大环境与气候变化部退休严重天气气象学家帕特里克·麦卡锡 (Patrick McCarthy) 表示。
例如，在萨斯卡通、里贾纳、卡尔加里或温尼伯附近没有常规的探空观测，而这些城市都是加拿大龙卷风高发区的主要城市中心。“那里什么都没有。这非常令人沮丧。”
麦卡锡先生（他同时也是加拿大气象与海洋学会的主席）表示，随着时间的推移，加拿大变得过于依赖美国的测量数据。
“当时的逻辑是，上游（即美国）有这么多站点，”他说，“那样应该就足够了。”
“因为我们如此依赖美国数据，我们放弃了部分职责。如果他们……”
“他们不会为此而做，我们的高空观测站网络已不再有效。”
相反，麦卡锡先生希望看到对国家气象气球网络的重新投资。他表示，一个开始是在草原省份增加至少一到两个永久观测站——尽管他警告说这不太可能。
“我不记得听说过加拿大有新气象站。但我听说过有的在关闭，”他说。今年早些时候，加拿大环境部解散了一个研究团队，该团队此前一直致力于提高该国新型气象雷达的数据质量，这些雷达使用脉冲能量来探测降水。
加拿大环境与气候变化部发言人萨曼莎·巴亚德 (Samantha Bayard) 在一份电子邮件声明中表示，该部门已“观察到”美国早晨探测数据的减少。
“ECCC 正在努力确保能够获得覆盖全加拿大的高空大气数据，”她说，且政府的国家大气监测网络“稳健且能够响应加拿大独特的气候和人口分布。”
鉴于今年夏天草原省份的严重天气——根据北方龙卷风项目的资料，艾伯塔省、萨斯喀彻温省和马尼托巴省在 2026 年已经出现了 70 场以上的龙卷风——巴亚德女士表示，该部门在萨斯卡通临时部署了一个“移动高空观测站”，将在每个工作日发射一个气球。
据 Forecast-Watch 创始人埃里克·弗勒尔 (Eric Floehr) 称，到目前为止，美国和加拿大的日常预报在统计学上尚未出现显著的准确率下降。Forecast-Watch 是一家总部位于美国的机构，二十多年来一直追踪和衡量天气预报的质量。
然而，这并不意味着气球发射数量的匮乏没有产生影响。
“正是在那些异常事件中，气象气球才会真正发挥作用，”弗勒尔先生表示。
[[IMG_XXXX]] Weather balloon launches at 12 p.m. GMT on July 1, 2026 在 20 世纪 50 年代，世界气象组织 (WMO) 的成员同意每天发射两次气象气球——格林威治标准时间正午和午夜——用于数据收集和预报目的。但美国西部的大量观测站已不再遵守该时间表。
注：12 p.m. GMT 对应东部时间 8 a.m. 和太平洋时间 5 a.m.。
在该文件中，作为军事联盟政策的基础，指出中国对欧洲-大西洋安全构成了“系统性挑战”。对此，中国外交部指责 北大西洋公约组织 (NATO) 毫无根据地指责、抹黑和攻击。
曾任贾斯汀·特鲁多总理国家安全顾问的乔迪·托马斯 (Jody Thomas) 告诉《环球邮报》，像张女士 (Ms. Zhang) 这样具有计算机科学背景——而非国防或安全背景——的人申请并获准在 北大西洋公约组织 (NATO) 工作是很不寻常的。她说，加拿大联邦高级官员应该审查该实习生是如何经过审核并获得 北大西洋公约组织 (NATO) 工作许可的。
“我认为政府内部的担忧程度会非常高。每个人都想知道发生了什么，”托马斯女士说。“有很多问题需要解答。”
她说，加拿大官员将希望审查该女性的整个筛选过程，以了解皇家骑警 (RCMP) 和加拿大安全情报局 (CSIS) 运行的安全审查程序是否存在任何缺陷。
“有人在监控...
“她的活动被发现了一些令他们担心的事情。所以这其实是积极的。但关于她是如何到达那里的，还有待进一步了解，”托马斯女士说道。她补充说，也有可能在进入北大西洋公约组织（NATO）工作之前，她的背景中没有任何会引起怀疑的红旗警示。
位于比利时的欧洲盟军最高司令部（SHAPE）的一名发言人周四表示，虽然“无法就刑事调查的具体细节发表评论，但我们可以说，这涉及涉嫌未经授权且可能影响安全的活动”。
加拿大安全情报局（CSIS）周四也表示，无法就该案件的具体细节发表评论。
但CSIS发言人马加利·埃贝尔（Magali Hébert）表示：“加拿大人可以放心，我们的执法和情报机构与国内外的合作伙伴机构保持着强有力的关系，这些关系有助于应对类似于上周在比利时逮捕事件中所描述的威胁。”
公共安全部部长西蒙·拉福特（Simon LaFortune）的发言人则拒绝评论是否已对该北大西洋公约组织（NATO）实习生此前在加拿大政府部门及机构中的职务启动调查。
加拿大空间局未立即回应置评请求。张碧薇 (Claire Zhang) 女士在LinkedIn上还表示，她在加拿大标准理事会（Standards Council of Canada）的人工智能决策中发挥了作用，但该组织拒绝置评。
周二，检察官表示，张碧薇 (Claire Zhang) 女士的审前拘留已被延长一个月。一名发言人周四表示，她已对该决定提出上诉，上诉裁决预计将在未来两周内作出。
根据比利时联邦检察官办公室的消息，北大西洋公约组织（NATO）在观察其行为后将嫌疑人举报给了比利时情报部门。北大西洋公约组织（NATO）的一名发言人表示，没有迹象表明该事件影响了联盟的作战准备状态、指挥控制或持续执行的任务。
[[IMG_XXXX]] 发射 未发射
他说。 以堪萨斯州渥太华（Ottawa, Kan.）为例，那里在四月份发生了几次龙卷风触地，包括一次EF2级龙卷风——该级别龙卷风可造成“相当严重的破坏”——风速达到 200 km/h，导致三人受伤。弗洛尔（Floehr）先生表示，渥太华居民几乎没有收到提前预警。
“如果附近某个地方发射了一个气球，”他说，“很有可能就能捕捉到那个情况。”
对于弗洛尔先生来说，气候变化的复合效应将使得气象气球收集的详细大气数据变得日益重要。
“在这个我们绝对 100 ％ 看到更多极端天气的时代，你拥有的数据越多，预测能力越强，就能挽救更多的生命，”他说。
SAMY MAGDY ELENA BECATOROS 凯罗
美国和伊朗在周四分别发射了大量导弹，随着这种往复打击的模式再次形成，这场持续五个月的冲突能快速结束的希望变得渺茫。
在经历了数日的短暂喘息后，对更大规模战争的担忧日益增加，新一轮的战斗威胁要吞噬更多国家。
约旦周四表示，其已连续第二天拦截伊朗导弹；而科威特表示，该国北部的一次袭击造成一人死亡。
本周内，无人机还造成了
接 A1 页
中北美及加勒比足联（CONCACAF）在的一份声明中表示，其成员“对该提案缺乏正当程序、被强加的人为短期截止日期，以及相关国际足联（FIFA）治理机构缺乏任何审查或批准表示深深担忧”。该组织还质疑，在经历了“历史上盈利最高的国际足联世界杯”之后，是否有必要引入外部投资。
因凡蒂诺先生的秘密计划于周二披露，该计划旨在将其商业运营拆分到一家名为 FIFA Forward Enterprise (FFE) 的新子公司中，该公司价值 US$20-billion，其中 20-per-cent 由私人投资者持有。核心投资者将是一家由约书亚·库什纳（Joshua Kushner）创建的纽约投资公司，约书亚是美国总统唐纳德·特朗普女婿贾里德·库什纳（Jared Kushner）的兄弟。
因凡蒂诺先生周二致信 211 名成员（根据瑞士法律，这些人已是国际足联这一非营利协会的实际所有者），告知他们如果批准 FFE，承诺给他们的未来四年 US$10-million 基础资金将翻倍至 US$20-million。他预计，到 2038 年为止，他们每家获得的国际足联资金将为 US$86-million，而非约 US$36-million。
“这不仅是领导力的严重失效，更是国际足联作为世界足球守护者职责的放弃，”欧洲足联（UEFA）表示。因凡蒂诺先生曾在欧洲足联长期工作，并在 2016 年首次当选国际足联主席时担任类似于首席执行官的秘书长一职。
由于足球利益相关者（包括六个洲级组织中的三个）对其愤怒和沮丧情绪日益增加，因凡蒂诺先生这次高风险的财务赌博现在可能会威胁到他此前稳固的 11 年国际足联主席任期。
国际足联已将 11 月 18 日设定为潜在候选人的申报截止日期，届时将在明年 3 月于摩洛哥拉巴特举行的 211 名成员主席选举中进行投票。
就在 11 天前——在纽泽西州东卢瑟福的世界杯决赛之后——因凡蒂诺先生似乎已扫清障碍，可以毫无竞争地连任第四个且最后一个任期直至 2031, 尽管此前关于他允许美国前锋福拉林·巴洛根（Folarin Balogun）在上一场比赛领到红牌后仍对阵比利时队的争议引发了轩然大波。
足球官员私下表示，因凡蒂诺先生在 FFE 拆分公司中已经预设了一个 2031 之后类似于“专员”的高薪角色。欧洲足联周四详细阐述了为何足球官员担心外部投资者持有全球足球最大赛事（包括男女世界杯和世俱杯）的股份。
“一旦外部投资者获得国际足联赛事的所有权权益，足球将永远改变，”欧洲足联表示，“商业回报将成为一项永久性义务。投资者的预期将成为一种日常压力。”
[[IMG_XXXX]] 国际足联主席詹尼·因凡蒂诺在 2026 年世界杯期间于墨西哥观看比赛。 ELOISA SANCHEZ/REUTERS
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在埃及港口的船只上遭到袭击， 沙特阿拉伯则表示其遭到了 伊拉克境内伊朗支持的民兵组织 的攻击。 这场战争——美国总统唐纳德·特朗普 在战争初期曾表示将持续四到五周， 尽管他警告称可能需要更长时间—— 导致燃料价格飙升并扰乱了全球经济。 随着 月份 流逝， 人们对于耗尽美国防御其基地和 盟友所需的武器储备的担忧日益加深。 这场战争在 美国人 中并不受欢迎，一项新的 AP-NORC 民调显示，特朗普先生在伊朗问题上的 支持率自上月以来略有下降。
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最近的战斗暂停期始于上周末，并让调解员对外交进展产生了希望，但随后中东许多国家面临的导弹和无人机袭击日益增加，导致暂停期结束。 “我们关注到安全局势依然不稳定，”巴基斯坦外交部发言人 Tahir Andrabi 表示，其国家一直扮演着关键调解人的角色。 他告诉记者，目前“正在进行谈判以使局势正常化，特别是霍尔木兹海峡的局势”。 周四，伊朗的一次袭击击中了一家中国公司在科威特的办公楼，造成建筑结构严重损坏并导致一名工人死亡。此前数小时，约旦的防空系统击落了五枚从伊朗发射的导弹，科威特军方如是所述。 约旦国家运营的 Petra 通讯社援引该国武装部队发言人的话称，约旦在拦截过程中未报告有人受伤。约旦和科威特均驻有美国军队。 在此次袭击之前，美国军方表示，为了应对早前伊朗对美国在约旦基地的导弹袭击，美军已完成“一波针对伊朗的猛烈打击”。美国中央司令部表示，美军打击了数十个属于伊朗革命卫队的 targets，包括军事指挥中心、导弹和无人机设施，以及海岸监视和防御阵地。 伊朗官方 IRNA 通讯社称，在针对格什姆岛（Qeshm）的一次袭击中有三人死亡，两人受伤。该岛位于伊朗大陆外海的霍尔木兹海峡——这是全球能源供应的关键水路，也是此次冲突的中心。 最新的密集袭击发生在美国周三与沙特阿拉伯合作打击伊拉克境内伊朗支持的民兵组织之后，此次行动造成至少 20 名战斗人员和 6 名伊朗顾问死亡。
TRUMP 表示已就加沙地带哈马斯解除武装达成协议
詹尼·因凡蒂诺先生将这项私募股权提议描述为一次“加速”全球足球发展资金投入的机会，目前 211 个 国际足联 成员中的大多数都依赖该组织提供的资金。 来自约 40 个 欧洲足联 成员的官员在紧急会议上发表了讲话，并愤怒地表示 国际足联 没有将其数十亿美元的储备金中的一部分用于资助额外的发展项目。 “基于今天的讨论，只要这些提案依然存在，没有任何 欧洲足联 国家队将参加任何 国际足联 赛事，”该欧洲足球管理机构表示，“除非该提案被完全放弃，并获得具有约束力的保证，确保 国际足联 将不再向私募所有权开放其治理或赛事。”
美联社
美联社
Apple App Store 4.3/5 评分
美国总统唐纳德·特朗普周四表示，他所谓的“和平委员会”已就巴勒斯坦哈马斯武装分子及加沙其他武装团体的全面解除武装达成协议。
在Truth Social上的一篇帖子中，特朗普将其描述为“实施特朗普20点计划”以结束以色列在加沙战争的“重大里程碑”。
特朗普表示，该协议将分阶段执行，随着解除武装的推进，以色列军队将撤出，一个国际稳定部队将与新的巴勒斯坦警察部队合作确保该飞地的安全。
他感谢了调解方埃及、卡塔尔和土耳其。
“这项协议是让加沙最终由一个新巴勒斯坦政府治理的关键步骤，该政府将与和平委员会密切合作，以帮助巴勒斯坦人民，”特朗普说。
他补充道：“与此同时，以色列将获得其应有的安全保障。”
当天早些时候，消息人士称，调解方与哈马斯领导人在开罗就执行由美国促成的加沙和平计划进行的谈判取得了罕见进展，不过一名以色列官员表示，拟议的条款并不令人满意。
医护人员表示，以色列周四的袭击在加沙造成至少六名巴勒斯坦人死亡，其中包括两名儿童。路透社
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简朴 炸薯条摊 的情书
在加拿大各地遇到的标志性快餐店致敬 作者：Lana Hall
JERRY’S FRIES 安大略省巴里 (BARRIE, ONTARIO) JOEL KIMMEL
ZIGGY PEELGOOD’S 牛纽芬兰省圣约翰斯 (ST. JOHN’S, NEWFOUNDLAND) CHANTAL BENNETT
公路旅行。高速公路边的一间小屋。一个装满热气腾腾、酥脆薯条的纸锥筒。 对于许多加拿大人来说，在夏季假期或前往度假屋的途中停在薯条摊位前，是一次必经的仪式。 在《薯条摊：130个加拿大的标志性饮食地标》(The Chip Stand: 130 of Canada’s Iconic Food Landmarks) 一书中，插画师兼夫妇 Chantal Bennett 和 Joel Kimmel 向他们在十年间横跨全国（从不列颠哥伦比亚省到纽芬兰省）的公路旅行中所遇到的数百家标志性快餐店致敬。 薯条摊通常出现在小镇或城市边缘，是食物、旅行与文化的交汇点。 这本书由 Firefly Books 于 3 月出版，包含了一些极其古怪有趣的插画——例如，魁北克省圣埃斯普里 (Saint-Esprit, Que.) 一架被改装成薯条摊的退役飞机草图。书中还包含漫画短篇、对薯条摊经营者的采访以及简短的文化历史。（想了解深炸 Pogo 玉米狗的起源吗？书中为你准备好了。） 这对夫妇接受了《环球邮报》的采访，讨论了薯条摊如此迷人的原因。
什么样的特质让薯条摊如此具有标志性？
CHANTAL：我的意思是，它们提供的菜单非常具体。必须有薯条，而且大多数摊位都提供普丁 (poutine)，这使它们与世界上其他任何地方都不同。 另一个有趣之处在于，很多摊位都地处偏僻，在你偶然发现它们之前，你根本不知道它们在那儿。大多数餐车倾向于出现在城市中，而薯条摊则分布在全国各地。这是你在公路旅行中会发现的东西，无论是以偶然的方式还是作为一种传统地遇到，都非常有趣。这绝对是公路旅行文化的一部分。
你们采访了一些遇到的薯条摊经营者。在这些对话中，有什么令你们惊讶的事吗？
JOEL：我认为这本书真正让业主们意识到，他们是这种“加拿大文化” (Canadiana culture) 的一部分。我想起初他们并没有真正意识到其重要性。许多业主只是在小屋里卖炸物，而且已经这么做了很长时间。 此外，有一位业主告诉了我们他赚了多少钱，那个金额让我很惊讶。我想大概是因为土豆的成本低且利润高，我也不太清楚。我认为真正具有商业头脑的薯条摊业主才能长久经营。
你们还谈到了“消失中的薯条摊”。为什么我们看到的这类地方越来越少？
CHANTAL：当我们谈论消失中的薯条摊时，我们真正讨论的是传统薯条摊，就像我们画的那些——它们有些破旧，但充满个性与历史感。现在一直有新的薯条摊出现，所以我认为这个类别并不会消失，但问题是它们现在都变成了某种单调的餐车，我们对它们缺乏视觉趣味感到失望。自从我们 2015 年开始创作这本书以来，我们记录的薯条摊中已有近 50 家关闭。
JOEL：薯条摊的历史非常迷人。我的意思是，它们在 20 世纪 30 年代始于马车。但我们离改装校车、加拿大邮政车或其他古怪车辆越远，离闪亮的新型食品拖车越近，这种魅力就越少。
为什么你认为这本书应该用插画来呈现？
CHANTAL：每个薯片摊都截然不同，我们想尝试不同的媒介，比如炭笔和彩色铅笔。我甚至尝试了一些纤维艺术并制作了一些微型复制品，这很有趣。就像各种风格的呈现反映了薯片摊的多样性。每个薯片摊都有它自己的氛围。
JOEL：有些人问我们：“你们为什么不直接把这些薯片摊全部拍下来？”嗯，并不总是能拍到好照片，因为它们在停车场里，阳光非常刺眼。绘画和涂色的好处在于你可以剔除某些东西：例如，你可以去掉一个垃圾桶。你可以加上海鸥和云朵。我们在创作中采取了一些艺术处理，因为你不能一遍又一遍地画同一个停车场。
TAMI’S TATERS 安大略省伦弗鲁，JOEL KIMMEL
BIG RED BUS 新斯科舍省布雷顿角，CHANTAL BENNETT
SULLY’S SPUDZ 安大略省马塔瓦，JOEL KIMMEL
BURGERS & MORE 哈斯廷斯县，安大略省 JOEL KIMMEL
GOLDIE’S FRIES 温尼伯，曼尼托巴省 JOEL KIMMEL
I
意外旅游红利
经济学的一个基本常识是，关税成本最终由实施关税的国家承担。美国一家智库最近发布的一份报告提供了一个审视这些成本的新视角。
消费者承担了关税的价格，但国际与战略研究中心（Center for International and Strategic Studies）的报告显示，自美国总统唐纳德·特朗普（Donald Trump）发起贸易战以来，加拿大人拒绝前往美国境内旅行，这也被证明给许多美国工人带来了一次沉重的打击。
联邦政府已对美国商品征收了广泛的反制关税，各省则通过禁止进口烈酒等措施进行反击。普通加拿大人则试图通过钱包来报复，无论是倾向于在杂货店购买加拿大制造而非美国产品，还是拒绝花时间和金钱前往美国旅行。
自从特朗普先生开始考虑将加拿大变成第51个州，并开始对范围不断扩大的商品征收关税以来，一种受委屈的爱国主义激起了对美国的敌对情绪。这家总部位于华盛顿的智库表示，这种负面情绪将长期存在，这与特朗普先生认为关税将迫使加拿大人屈服于其意志的看法相矛盾。
报告指出，这种想法存在一个相当大的漏洞。“一旦民主社会的消费者围绕某种委屈而聚集，国家间的经济手段就无法可靠地支配他们的行为，”报告称。
翻译成白话就是：加拿大人很愤怒，而且至少在可预见的未来，在旅行这件事上，并没有屈服的迹象。
该报告计算了拒绝旅行给美国边境城镇带来的巨大经济损失。利用美国海关及边境保卫局的陆路口岸数据和公开就业记录，该智库估计，前往美国的旅行量骤减导致边境社区损失了 10,000 到 30,000 个休闲和酒店就业岗位。
这意味着每年损失的收入在 US$500-million 到 $1-billion 之间。换句话说，每收取 $1 的加拿大商品关税，就让美国边境城镇的工人损失了 5 美分到 10 美分。
去年，美国旅游协会（U.S. Travel Association）估计，包括来自加拿大的国际旅游人数下降，将导致 2025 年整体经济损失 U.S.$5.7-billion，与前一年相比。
尽管特朗普先生在去年春天放宽了关税，但加拿大人在花时间与金钱前往美国旅行方面的态度并未软化。根据该智库的数据，今年 3 月和 4 月的陆路过境人数仍比 2024 年低约 20 %。
加拿大人似乎也没有改变主意的意愿。市场研究咨询公司 Longwoods International 今年 4 月进行的一项调查发现，57 % 的加拿大人表示，美国的贸易政策使他们 2027 年访问美国的可能性降低。
而这还是在特朗普先生对更多加拿大商品征收 50 % 关税之前。
仅凭旅游抵制无法结束特朗普先生反复无常的贸易战，但这确实增加了压力。
而且，越多加拿大人选择将旅行资金花在境内，就越能支撑加拿大经济。根据加拿大统计局（Statistics Canada）的数据，国内旅游业在 2025, 年向经济注入了 $83.1-billion，与 2024 年相比增长了 8.7 %。
在这里花费的每一美元都有助于抵消特朗普先生的关税。而且，由于加元相对疲软，加拿大人更有理由避开前往美国的旅行，而将旅行资金留在境内。
希望这种受伤的国家自尊心能转化为对国家更深、更丰富的认同感，随着加拿大人前往全国各地的目的地，访问那些他们原本可能不会去的公园、城镇和城市。
在国家统一看起来比过去几十年更破碎的时刻，随着在阿尔伯塔省的一场投票可能会
计划在今年秋季开始脱离加拿大的进程
且魁北克党（Parti Québécois）承诺，若在选举中获胜，将在其首个任期内就独立问题举行全民公投，这使得加拿大人之间相互走访的需求显得前所未有的紧迫。
讽刺的是，特朗普先生试图将加拿大击垮并使其屈服——
建立桥梁
关于“总理在桥梁问题上的措辞迷雾”（社论，7月30日）：我认为戈迪·豪桥（Gordie Howe bridge）与任何其他出于单一目标而建设、随后却遭遇市场变化的投机性房地产项目没有区别。此时的决定在于，是以更长的时间周期来回收损失，还是继续持有成本高昂且不产生收益的混凝土和钢铁。我相信我们在当时的情况下做出了最佳决定，而且我还没有听到任何人提出可行的替代方案。
M. Ian Bowmer，渥太华
看来总理办公室（PMO）中至少有一些自由党人知晓但未准备好分享戈迪·豪桥协议附加条款的细节。这些人正是那些声称——且应该——以我们的最佳利益为核心的人。许多加拿大纳税人希望了解事实，以便形成自己的观点。这是一个如此过分的要求吗？自由党人对于不公开且简单地告诉我们发生了什么，究竟有什么可能的借口？
Brian Sterling，安大略省奥克维尔
战争受害者？
关于“在康复中”（7月29日）：俄罗斯每天都在对乌克兰平民实施恐怖袭击。报道中提到的士兵正是执行这些任务的人。我们不应赞美他们“令人心酸”的心态，以及他们对伤害他们的人（即保卫家园和家人的乌克兰人）表现出的一种宽大的“缺乏恨意”，而应追问他们为什么报名参加一场帝国主义入侵。
Michael Mysak，卡尔加里
我读到过关于俄罗斯士兵作为战争受害者的报道。他们是在清醒的情况下进入这场战争的，目的是因为纯粹的仇恨而消灭乌克兰人，和/或为了赚钱。我理解呈现双方观点的论点，但我认为俄罗斯在这场战争中没有所谓的“一方”或正当理由。
Irene Zakaluzny，卡尔加里
在俄罗斯继续进行残酷战争之时，关于受伤俄罗斯士兵的同情性特写不应出现在加拿大媒体中。发表此类故事有使俄罗斯的侵略行为正常化的风险，并在乌克兰人的苦难与俄罗斯人的苦难之间制造一种虚假的等价关系。无论这些士兵是自愿入伍还是被强迫，将焦点放在他们的创伤上，都会削弱由俄罗斯非法入侵所造成的远为巨大的苦难，并将注意力从遭受暴力、破坏和流离失所的乌克兰人民身上转移开。
Robert Carter，多伦多
健康至关重要
关于“我们必须专注于延长健康寿命”（7月27日）：我同意寿命（lifespan）是错误的衡量标准。我们已经非常擅长增加生命的年数，却没能为这些年数增加生命质量。 这一差距之所以被忽视，部分原因是健康寿命（healthspan）并非一个可以通过单一方案解决的单一问题。它涉及生物学、行为以及我们老去时所处的系统。进步意味着要确保科学研究正确，然后将其交给能够采取行动的公共合作伙伴。 今年6月，麦克马斯特大学收到了一笔5000万美元（$50 million）的捐赠，目标直接指向健康寿命。我们正在招聘全球专家，为有潜力的学生资助奖学金，并建立衔接运动学与医学的研究项目。肌肉是我自己的研究领域，它是决定晚年独立能力差距的得失关键。我们打算缩小这一差距。
Stuart Phillips 加拿大研究讲席教授，汉密尔顿
你可以把一切都做得正确——饮食得当，锻炼身体，控制体重，从不吸烟，极少饮酒，结交朋友，且准时就寝——但有两个悲哀的事实：所有东西都会磨损，而你只能在基因面前逃避一段时间。 我的母亲在失智和疼痛中，多年来日渐消瘦。根据现行规则，她不符合医疗辅助死亡（MAID）的资格。尽管看着她这样很痛苦，但我无法想象对她而言那是多么可怕。 是的，我们需要在预防方面做得更好，但发病率差距在短期内不会有显著改善。我们也应该为更多的人提供一个有尊严的终结。
Lauralee Morris, MD 安大略省布兰普顿
为了延长我们的健康寿命，我们必须像系统思考者那样进行规划。这始于一个具有吸引力且充满活力的教育体系，该体系应优先教授健康生活、身心健康、营养与烹饪，以及户外活动、艺术和文化对我们福祉带来的益处。我们需要将这些科目从课程的边缘移至核心。同时，我们需要设计能够促进这些理念的学校和城市。
奈杰尔·史密斯 (Nigel Smith) 多伦多
在阅读这篇文章以及关于当前山火的报道时，我想到了两句古语：“预防胜于治疗”以及“在身体的低语变成尖叫之前倾听它”。我们的物理环境和身体健康是个人责任。我们的选择在许多方面——无论是集体还是个人——都会产生巨大影响。
马丁·奥康奈尔 (Martin O’Connell) 安大略省，伯灵顿
不公平的税收
关于 “扭转加拿大的住房和经济低迷需要多少努力？”（《商业报告》，7月 28日）的高昂住房成本与经济低迷之间存在关联。如果投资者通过股票、ETF 或共同基金等资产获得资本收益，他们必须为这些收益纳税。然而，出售主要居所的资本收益却是免税的。
这导致大量资金流向房地产，而进入股票市场用于经济资本投资的资金减少。为了营造公平的竞争环境，要么对出售主要居所的资本收益征税，要么为任何没有房产的人提供股票资本收益的税收减免。至于是否有政府有勇气做出这些改变，那是另一回事。
道格·佩恩 (Doug Payne) 安大略省，伦敦
煽风点火
关于 “安大略省在消防预算上掩耳盗铃” （社论，7月 28日）。阿尔伯塔省同样山火肆虐，我认为很大一部分责任在于省政府。
2019年，该政府关闭了北方森林中约 30 座防火瞭望塔，并取消了直升机消防绳降计划。不久之后，它取消了大量的护林员职位，导致消防管理人员在全省范围内分布极其稀疏。
在这种短视的预算编制和缺乏妥当规划的情况下，当山火依然无法控制时，谁也不应感到惊讶。
我再次想到了 “罗马在燃烧，尼禄在奏琴”。
南希·马利-克拉克 (Nancy Marley-Clarke) 阿尔伯塔省，科克伦
比赛时间
关于 “Prime 签署 12 年协议，将于周三播出 NHL 比赛” （《商业报告》，7月 29日）。罗杰斯通信公司 (Rogers Communications) 的总裁兼首席执行官表示，罗杰斯与 Prime Video 的合作 “强化了 NHL 冰球作为加拿大最有价值体育内容的地位”。
我一直认为，冰球的价值在于看到你最喜欢的球队获胜时的喜悦、乐趣和期待，以及强调锻炼、体育精神和健康竞争的价值。
T
A
M
观点
观点
我们必须要求社交媒体平台履行其自身的承诺
迈克尔·盖斯特 (MICHAEL GEIST)
渥太华大学法学院互联网与电子商务法加拿大研究讲席教授
加拿大政府采取了双管齐下的法律策略来应对日益增长的仇恨：一是通过新的《刑法》条款来处理线下伤害，例如在学校和礼拜场所外的恐吓或抗议活动；二是于 6 月引入的数字安全法案，旨在针对线上伤害。一项新的负责任行为法律义务，将要求互联网平台公布数字安全计划，提高其在打击伤害方面努力的透明度，并偶尔删除内容，这构成了打击非法内容在线传播的基础，例如未经同意分发亲密图像、网络欺凌等。
艾伯塔省居民现在可以在无需医生转诊的情况下进行某些诊断测试——如 MRI、CT 扫描、超声波和 X 光。 他们还将面临自费支付这些服务的“快感”，并且只有在测试检测出新癌症的情况下才有资格获得报销。 这简直是双输。 在宣布“患者选择与预防性健康检测自我转诊”计划时，省长丹妮尔·史密斯 (Danielle Smith) 将其称为“安心”检测。 她还表示，这一改变将导致癌症的更早发现，改善健康结果并减轻公共系统的压力。 但这些说法令人怀疑。 医生作为“守门人”发挥着重要作用，以确保从血液测试到诊断成像和基因检测的所有测试都是有目的地进行的。 尽管如此，如果只要有轻微迹象表明诊断成像测试可能有用，获得转诊并不困难。 仅艾伯塔省每年就进行超过 700 万次此类测试。研究表明，大约五分之一的程序是不必要的。 根据弗雷泽研究所 (Fraser Institute) 的报告《等待你的轮候》(Waiting Your Turn)，全加拿大 CT 扫描的平均等待时间为 8.8 周，MRI 扫描为 18.1 周，超声波为 5.4 周。 等待时间虽然漫长且成问题，但不受监管的自我转诊将带来更多问题，而非
迈克尔·伊格纳季耶夫 (MICHAEL IGNATIEFF)
前自由党党魁，历史学教授及维也纳中欧大学名誉校长
1989 年，我和家人在法国度假，当时一架 Canadair 水上灭火飞机俯冲向普罗旺斯森林附近的一场大火，投下大量红色阻燃水来熄灭火焰。我仍然记得当时五岁的儿子如何抬头指着天空说：“加拿大”。 如今，法国再次陷入火海，西班牙和希腊的火焰同样在制造死亡与破坏。但本周，站在被焚毁的冒烟废墟中精疲力竭的欧洲人并没有带着对加拿大聪明才智的敬畏仰望天空。相反，他们中的许多人在问：Canadair 飞机在哪里？
恐怖主义内容，以及煽动暴力或仇恨的内容。这些措施是值得采取的。但对于那些关注反犹主义、伊斯兰恐惧症或其他形式仇恨的人来说，针对非法内容的严格规定只是基本要求。更大的挑战是规模更广泛的一类内容，最贴切的描述是“糟糕但合法”：那些造成严重伤害但仍属于宪法保护表达范围的陈词滥调、阴谋论和编码化的非人化描述。一项强制删除此类材料的法律将立即引发针对《宪章》的挑战。相反，我们需要弄清楚如何在不逾越言论自由宪法保障的情况下应对伤害。 坐视不管并非选择之策；伤害是真实的。反犹主义提供了目前最严峻的例子。追踪网络反犹内容的非营利组织 CyberWell 记录显示，在 2023 年 10 月 7 日恐怖袭击后的三周内，相关内容激增了 86%。研究人员发现，反犹帖子的集中分布与现实世界中犹太会堂受袭的地点之间存在统计学上的显著相关性。 传统的答案一直是
[[IMG_XXXX]] 多伦多百年医院的一名 MRI 技术员在 2024 年为一名患者扫描大脑。 FRED LUM/《环球邮报》
它能解决问题。30 多年前，阿尔伯塔省允许患者在凭转诊单的情况下私下购买诊断成像检查（大多数其他省份此后也采取了类似做法）。这本应缩短等待时间，但情况反而变得更糟。 允许人们自我转诊可能会让他们更快地进行检查，或者用加拿大医疗保健的行话来说，就是“插队”。但允许进行更多检测并不能神奇地创造出更多医疗专业人员来处理结果。 自我转诊最可能导致的结果是出现更多的“偶然瘤” (incidentalomas) —— 即那些最终毫无意义但却触发一系列进一步检测的偶然发现。
Canadair 水上灭火飞机是加拿大航空业的胜利。最现代的机型能够俯冲过湖泊或海洋，在 12 秒内吸入约 6,000 升水，将其倾倒在火场上，然后再次返回装水。 Canadair 在 1969 和 1990 年之间制造了 125 架 CL-215 “舀水机” (Scoopers)，这是第一款活塞发动机水上灭火飞机模型。随后，在该项目被庞巴迪公司 (Bombardier) 收购后，这家总部位于魁北克的公司制造了 160 架新机型，即专门的 CL-415 涡轮螺旋桨消防飞机（及其衍生型号），该型号于 1991 年问世。 西班牙、意大利、葡萄牙和希腊都使用 Canadair 飞机来灭火；法国拥有 12 架。那么，为什么法国的火灾受害者在抬头看时看不到 Canadair 飞机呢？据《世界报》 (Le Monde) 报道，自 7 月 21 日以来，这 12 架飞机中在任何一个时间点投入运行的不超过 8 架。其余的正在等待来自加拿大的零部件。 他们仍在等待的原因是：庞巴迪公司暂停了产—
长期以来，人们认为应对不良言论的最佳补救措施是以良言对之。然而，这种方法可能不再有效，因为由参与度驱动的算法赋予了阴谋论内容天生的传播优势，而在线回声室或“过滤气泡”则意味着反驳言论很难突破重围。
不过，一个潜在的解决方案就隐藏在显而易见之处：平台方本身承认，许多虽然合法但令人厌恶的内容违反了其服务条款。
例如，Meta 禁止非人性化言论，并在咨询了 145 个外部利益相关者后，将其规则扩展到禁止将“犹太复国主义者”作为犹太人的代称进行攻击。TikTok 禁用否认大屠杀的内容，YouTube 则禁止推广基于宗教或种族仇恨的内容。这些政策并非政府立法的产物，而是公司自身采取的自愿承诺。
这些政策在措辞上可能正确，但迄今为止的执行记录却讲述了一个不同的故事。CyberWell 的 2025 报告发现，在平台收到相关人员关于违规内容的通知后，近一半违反平台政策的反犹太内容仍然在网。
当 Meta 在 2025 年 1 月缩减主动执法力度时，ADL 的研究人员记录到，尽管该公司的书面政策未发生变化，但美国国会犹太议员的 Facebook 页面上的反犹太评论几乎增长了五倍。
这类内容甚至能产生利润，平台和社交媒体影响力者都能从那些违反平台自身规则的帖子中获利。
弥合政策承诺与执行失败之间差距的一种方法，是让平台为其自身的政策承担法律责任。几十年来，美国联邦贸易委员会一直将隐私政策视为可执行的承诺，从而创建了不基于政府强制规则，而是基于公司自身承诺的隐私义务。
其效果是创建了由实际执法支持的具有约束力的隐私义务。加拿大也有类似的机制，竞争局在 2020 年采用了同样的逻辑，就误导性的隐私主张与 Facebook 达成了一项 900 万美元 ($9-million) 的和解协议。
艾伯塔省医学会表示，私人付费的外包服务将不能显著缩短等待时间，也无法减轻公共系统的负担。
其最近的一份报告总结道：“相反，证据表明这可能会引入新风险，包括过度使用、偶然发现（incidental findings）、下游公共保险成本增加、公共系统受损、公平差距扩大以及劳动力进一步不稳定。”
那么，为什么艾伯塔省政府想要敦促开展更多的检测？
当然，其中包含意识形态因素。在联合保守党（United Conservative Party）的基层支持者中，存在大量对医疗体系的不信任。
在 2015 年，该公司决定需求不足，停止了飞机的生产。
请允许我对这个细节稍作停顿。在全球对气候变化及其对森林覆盖率产生爆炸性影响的意识日益增强之际，一家加拿大公司竟然认定没有人想要史上最高效的灭火飞机。
气候变化意识往往就是这样运作的：一种高尚的觉悟，却从未转化为商业计划。
德哈维兰加拿大公司（De Havilland Canada）在 2016 年收购了 Canadair 项目，并于 2024 年恢复了其自有水上灭火机（DHC-515）的生产。目前，它已收到来自法国、西班牙、意大利、希腊、葡萄牙、克罗地亚以及维持全欧灭火能力的欧盟的订单。但法国人直到 2028 年秋季，即火灾季节结束后，才能从卡尔加里的工厂获得首批新飞机。
为什么生产速度如此之慢？法新社（Agence France Presse）对此进行了报道。
专业人士，以及大量关于医疗自由的言论。他们不希望某个在社会主义体制下辛勤工作的自以为是的医生，阻止他们进行任何想要的检测。
此外，人们还顽固地坚持“压力阀”论点：即认为允许人们私下支付服务费用将减轻公共系统的候诊和准入问题。这是去年年底宣布的一项相关变更的主要卖点，该变更允许部分医生同时在私立和公立系统中工作，提供诸如白内障、髋关节和膝关节置换等择期手术，这种方法被称为双轨制。
前往卡尔加里实地考察后发现，机身 50,000 个独立的部件都是由人工螺栓固定而成的。为什么没有自动化？因为原本支撑庞巴迪生产的供应链在 2015 年停产时就消失了。结果，德哈维兰公司不得不匆忙寻找或自行制造零件。如果没有一个能够实现准时组装自动化生产的永久供应链，你就无法运行一个规模化的航空航天工业。
所以，这是一个典型的加拿大故事：我们拥有世界想要的技术，但我们无法实现快速且规模化的生产。没有任何国家能承受在任何领域浪费优势，尤其是在这个日益紧迫的空间。不过，通过一定的企业领导力以及联邦政府的援助，这种情况是可以解决的。
这样做也将说明将气候等生存风险进行解构的重要性。
无论是通过新的数字安全委员会，还是局方现有的欺骗性营销框架，监管机构都将审计平台的行为，并针对系统性未能遵守公司现有内容政策的行为追究潜在责任。对于个别审核错误将不追究责任，政府也不会干涉对那些糟糕但合法的言论进行监管。相反，公司将为其承诺解决平台损害行为而负责。它们可以通过减少承诺来应对，但任何退让至少是可见的，从而让用户和广告商清楚地知道它们的立场。
现实情况是，没有任何立法能够完全解决网络损害。但要求平台履行其自身的承诺，提供了多年辩论未能产生的结果：一种在限制政府干预言论监管的同时，处理有害但合法内容的方法。这些平台在自己公布的规则中已经告诉加拿大人，这类内容在它们的服务中没有立足之地。政府应当利用数字安全法案来确保它们信守承诺。
practice。这两项变更都不会在就医机会或等待时间上产生明显的影响。而且，也没有任何承诺会对其进行周详的监管，或衡量这些变更是否真正有效。因此我们需要问：最终目的是什么？
在双轨执业（dual practice）的情况下，史密斯女士（Ms. Smith）一直谨慎地表示，这是针对择期手术的。在自我转诊（self-referral）方面，政府则强调这是为了“预防性”诊断检测。
换句话说，阿尔伯塔省正在允许对于非“医疗必需”的服务采取更多的私人付费和私人交付。
而根据《加拿大健康法》（Canada Health Act）的条款，只有“医疗必需”的护理必须由公共资金资助。
通过这一行动，该省正在蚕食措辞非常模糊的立法边缘，并在此过程中，逐渐为公共和私人并行护理体系打开大门。
应对这种方式的方法，不是对这些变更过于焦虑，因为单看这些变更其实并不那么重要。
相反，关心公共资助医疗保险体系稳健性的加拿大人应该采取果断行动，并询问：医疗保健（medicare）的界限在哪里？
因为，归根结底，这正是史密斯女士抛出的挑战。
显然，一个公共资助的医疗保健系统无法在所有时间为所有人提供所有服务。
但在公共提供与付费护理与私人提供与付费护理之间划定界限，应当是审慎且公开地进行，而非偷偷摸摸。
变革——这场危机如此之大、如此之可怕，以至于我们的焦虑实际上可能阻碍我们采取行动。也许我们定义气候变化的方式是一种习得性无助。
我们可能会陷入一种被动的心态，认为此时此地的实际步骤似乎毫无意义或为时已晚——这不过是一种空洞的、旨在展示美德的姿态政治。
快速且大规模地生产 Canadairs，在任何气候变化适应战略中都只占据极小、甚至微不足道的一部分。
但我们需要像这样的小成功，以赋予我们做更多事情的决心。此外，如果我们能想象更多像我儿子那样的孩子，在某个外国的烟雾中抬头仰望天空并说出“加拿大”这个词，这对加拿大的士气也将大有裨益。
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最新一部作品以新鲜的视角开场，但随后便溃不成军，对话生硬且动作戏毫无吸引力。
BARRY HERTZ
BARRY HERTZ
《蜘蛛侠：崭新之日》(Spider-Man: Brand New Day) 分级：PG；145 分钟
导演：Destin Daniel Cretton 编剧：Chris McKenna 和 Erik Sommers 主演：Tom Holland, Zendaya 和 Jon Bernthal
距离上一部《蜘蛛侠》电影已经过去了 5½ 年，世界已经发生了变化。 这场大流行病——为了在电影院观看 2021 年的《蜘蛛侠：没路回家》(Spider-Man: No Way Home)，人们不惜突破封控，这对于口罩运动的双方来说都是一个分水岭——现已消退。人工智能在半个世纪前主要被用作对诸如《没路回家》那样像机器人一样死板的剧本的嘲讽，而现在它已经让无数行业陷入瘫痪，包括好莱坞在内。而那个容纳了大家心中“友好邻居”辐射受害者的漫威电影宇宙 (MCU)，其受欢迎程度经历了起伏，几乎达到了新月（如果不是指新月骑士）状态并完全重启，即将上映的史诗巨作《复仇者联盟：末日》(Avengers: Doomsday) 将把该系列明星小罗伯特·唐尼从标志性英雄重新定义为大反派。 然而，在蜘蛛侠的纽约，事情依然固执地保持原样。彼得·帕克 (Tom Holland) 仍在权衡伴随巨大责任而来的巨大力量。无论是次要还是理论上的顶尖超级反派，依然在大苹果城中肆虐，引发了同样数量的蜘蛛侠俏皮话和视觉特效驱动的修补（以及微调）。而真正的爱情，在这个 MCU 版本的蜘蛛侠面前总是触不可及，依然难以捉摸——他倾慕的对象 MJ (Zendaya)，现在已被一个由奇异博士施放的咒语抹去了记忆。
I Want Your Sex 分级：18A；90 分钟
导演：格雷格·阿拉基 (Gregg Araki) 编剧：格雷格·阿拉基 (Gregg Araki) 与 卡莉·肖蒂诺 (Karley Sciortino) 主演：奥利维亚·王尔德 (Olivia Wilde)、库珀·霍夫曼 (Cooper Hoffman) 以及 Charli XCX
编剧并导演：是枝裕和 (Hirokazu Kore-eda) 主演：绫濑遥 (Haruka Ayase)、山本大悟 (Daigo Yamamoto) 与 桑木林梦 (Rimu Kuwaki) A
这是一部关于癖好之快与危机的电影，其基调显然不性感，甚至显得胆怯。格雷格·阿拉基十多年来的首部故事长片，让这位美国独立酷儿文化先锋（《毁灭世代》The Doom Generation，《神秘皮肤》Mysterious Skin）陷入了一种电影上的“中断性交”状态。片中充满了铺垫，但当释放最终到来时，却是停顿的、尴尬的，且让所有参与者都感到些许难堪。
这其中包括主演奥利维亚·王尔德，这个夏天她的表现起伏较大：一方面是在《邀请》(The Invite) 中镜头前后都广受赞誉的作品，另一方面则是本片中饰演一个痴迷于性的当代艺术家埃里卡 (Erika) 的不稳健演出。这种执念诱捕了埃略特 (Elliot，库珀·霍夫曼饰)，一个前途渺茫的家伙，最终成为了埃里卡长期的一连串“男宠”助手中的最新成员。
随着埃略特与埃里卡的关系变得亲密——两人从简单的办公室性行为，演变为表面上极端的卧室场景，涉及手铐、鞭子和各种服装——这段关系并没有揭示出角色新的层面，反而剥夺了他们所有引人注目的特质。把它想象成《穿普拉达的女装》的乳胶版 (The Devil Wears Latex) 吧，只不过两位主角之间的化学反应为零。
阿拉基使用了一场警察调查来构建故事框架，这对此并无帮助——
把它想象成《穿普拉达的女装》的乳胶版，只不过两位主角之间的化学反应为零。
在开篇的动作场面中，蜘蛛侠在与一系列次要反派进行快节奏激战的同时，还与街头雇佣兵惩罚者机敏地交换情报并互相对骂。
上部电影的结尾。（如果你还不知道，请不要问。） 在《蜘蛛侠》系列走到这一步——已经推出了九部电影，不包括两部优秀的动画作品——绝对每个人都知道彼得那全球网络的概况，更不用说为了维持其运转而不断腐蚀的 MCU 机制。
因此，你会认为导演德斯汀·丹尼尔·克雷顿 (Destin Daniel Cretton)——虽然是对“蜘蛛侠”品牌的新手，但得益于他在 2021 年另一部类复仇者作品《尚气与十环传奇》中的工作，他对漫威并不陌生——会竭尽全力在彼得·帕克神话中寻找一些新东西加入。
令人惊讶的是，在《蜘蛛侠：新日子》(Spider-Man: Brand New Day) 的前半小时里，他确实做到了。
在 TV on the Radio 乐队曲目 $\text{Wolf Like Me}$ 的滚滚雷鸣声中，克雷顿通过一系列动作场景，向我们重新介绍了一位如同他跃过曼哈顿摩天大楼一样，从银幕中跃然而出的英雄。导演在捕捉蜘蛛侠战斗与飞行瞬间的方式中，展现出一种热烈而精悍的能量。
在某一时刻，英雄正与一系列次要反派（蝎子、墓碑，以及一个名为“手”的忍者教团，感觉他们更适合在隔壁的 DC 电影宇宙中与拉萨尔·古尔混在一起）进行惊心动魄的激战。
在《I Want Your Sex》中，左侧的库珀·霍夫曼饰演埃略特，一个前途渺茫的家伙，最终成为了当代艺术家埃里卡（奥利维亚·王尔德饰）最新的男宠助手。
下一刻，蜘蛛侠又在与街头雇佣员弗兰克·卡斯尔（Frank Castle，即“惩罚者”，由乔·伯恩塔尔饰演，处于其最顶级的 grizzled-and-grumbled 状态）机敏地交换情报和辱骂。
作为一个角色，蜘蛛侠高于一切地保持警觉。但这一次冒险过于冗长的篇幅，使得即便只是保持被动的警觉都成了一种挑战。
这一切的熟悉感被克雷顿（Cretton）为开篇动作戏注入的强大势头所抵消，这种势头具有一种真实场景的质感与物理实体感，其程度恰到好处，足以让你相信漫威电影宇宙（MCU）终于摆脱了对那些粗糙且轻飘飘的CGI特效的依赖。 但随后你看了看手表，意识到还有 120 分钟才结束，于是这个“崭新的一天”（Brand New Day）开始像极了同样乏味的旧周而复始。
这是一段审讯叙事，其中两名阴沉的警察（由强尼·诺克斯维尔 [Johnny Knoxville] 和赵玛朵 [Margaret Cho] 饰演，考虑到这些角色毫无光彩）试图理清艾略特（Elliot）和艾丽卡（Erika）的关系是如何变得如此恶劣的。 霍夫曼（Hoffman）在过去几部主演作品中（包括去年的惊悚片《长路》[The Long Walk] 和保罗·托马斯·安德森 [Paul Thomas Anderson] 的《甘草比萨》[Licorice Pizza]）表现得如此迷人，但这一次他却无法很好地掌控这个落魄青年角色，即便剧本给了他少数几句不错的台词（被问及色情制品与以恋物为中心的艺术摄影之间的区别时，他回答道：“我想是语境和光影的区别”）。 偶尔，荒木（Araki）会用古怪的动画和超现实的幻想闪回来点缀这个相当死板的故事。然而，电影的大部分内容如此沉闷，其效果就像是在《钦定版圣经》（King James Bible）上抹了一把润滑剂：理论上具有挑衅性，但更多是空洞无脑。 饰演艾略特那极其平淡女友的流行歌手 Charli XCX 则有正确的想法。她只有几个简短的场景，为之注入了一些真正的机智，然后在时机尚好时迅速离场。 这种“事后撤出法”是我能支持的。
是的，蜘蛛侠必须面对城市中的新威胁，但这要归功于一个披着神秘外衣的反派（《怪奇物语》[Stranger Things] 明星 塞迪·辛克 [Sadie Sink] 饰），该角色似乎毫无理由地被强行塞进剧情中，仅仅是因为漫威影业（Marvel Studios）迫切需要为接下来的几部电影铺路。 当该角色的身份终于、谢天谢地地揭晓时——是在两个超级英雄进行本质上相当于谷歌搜索的场景中——其设计意图是引起观众惊呼，但在我观看的场次中仅引起了几次尴尬的轻笑。 电影中还包含大量表面上充满情感、推测为至关重要的角色构建时刻，在这些片段中，小蛛回顾了他曾经与 MJ 以及昔日好友内德（Ned，由 雅各布·巴塔隆 [Jacob Batalon] 饰）的关系。 但这些片段都令人费解地冗长，编剧克里斯·麦基纳（Chris McKenna）和埃里克·索默斯（Erik Sommers）撰写的对话显得沉重且陈腐。 与此同时，电影的核心主题——关于接纳或控制内心之魔的“杰基尔与海德”（Jekyll and Hyde）式分裂的变体——被过度渲染。而那些动作戏呢，起初似乎得到了克雷顿自身看来相当……
《盒子里的羊》迷失在煽情之群中
《盒子里的羊》 分级：不适用；127 分钟
这部新的日本科幻剧《盒子里的羊》在今年春季的戛纳电影节亮相时，似乎具备了所有完美的元素。这部电影是是枝裕和在 2023 年那部极其动人且耐人寻味的剧情片《怪物》（他辉煌职业生涯中的最佳作品）之后的续作。它拥有一个极具概念性的设定——一对夫妇领养了一个 AI 辅助机器人，其外貌设计成他们最近去世的儿子——这在当下显得格外令人心酸。而日本恰好是今年戛纳电影节的“荣誉国家”，该电影节此前曾授予是枝裕和令人垂涎的金棕榈奖（凭借其 2018 年的剧情片《小偷家族》）。毫无疑问，《盒子里的羊》本应成为这部电影作品的新高度。遗憾的是，几乎从开场第一分钟起，就显而易见的是枝裕和的这部新作代表了一次惊人的失策。这部电影在语调上不统一，拍摄平淡，且是对史蒂文·斯皮尔伯格的《人工智能》（A.I.）以及其他半打电影的一种相当缺乏原创想象力的模仿，《盒子里的羊》实在令人费解——仿佛是枝裕和本人被某种数字化构思的复制品给取代了。
再次强调，在主题上确实存在一些有趣潜力的时刻。尤其是当夫妇两人，乙音（绫濑遥 饰）和健介（山本大悟 饰），第一次访问那家承诺通过机器人替代儿子（由桑胁理梦以足够温柔的优雅演绎）来治愈他们父母之痛的顶尖公司时。是枝裕和立即捕捉到了这种提议所代表的令人不安的紧张感，而提供该服务的科技巨头专业人士们则愉快地无视了他们给整个社会带来的危险。但很快，故事的动态就陷入了一种类似于低智情景喜剧的状态——这或许可以解释为什么选用了山本，他是日本顶尖的喜剧演员之一。当是枝裕和将故事扩展成一个类似于“机器人大团结”的冒险故事时，人们已经很难在乎人类是否注定毁灭。这是一部在形式和构思上都过于软弱的电影，在拍摄第一帧画面之前，就急需一次系统升级。
ing 超级英雄， 一个 英勇地 敏锐的目光？嗯，它揭示了自己与其他所有东西一样虚假且令人恼火，壮观的承诺变成了碎混凝土和断骨的灰色泥浆。作为角色，蜘蛛侠最重要的是警觉。但这次冒险冗长的篇幅，使得即使是保持被动警觉都成了一种挑战。荷兰弟（Tom Holland）比托比·马奎尔（Tobey Maguire）更讨喜，比安德鲁·加菲尔德（Andrew Garfield）更天真无邪，他在面对这份工作时尽力而为，尽管这最终不足以支撑起这部毫无波澜的电影。别担心，只要他能继续让这个世界上的克里斯托弗·诺兰们相信他本身就是票房号召力，他就能毫发无损地脱身。
说到这个：荷兰弟在《奥德赛》中的搭档伯恩赛尔（Bernthal）和赞达亚（Zendaya）也可以昂首挺胸，这对组合激活了一个每秒都在变得暗淡的电影多元宇宙。天哪，甚至那些在母船特许经营权中短暂现身的少数 MCU 角色——为了不让索尼影业的剧透警察挥舞他们的妙尔尼尔之锤，我就不点名了——也拿到了他们绝对丰厚的薪水。只不过，一旦《新的一天》（Brand New Day）结束，人们很难不感觉自己像 2021 年时的 MJ：对前几个小时发生的一切完全不知情。我们可以忘记，但也许现在是原谅的时候了。
蜘蛛侠电影排名
超级蜘蛛侠 2 (2014)
超级蜘蛛侠 (2012)
蜘蛛侠 3 (2007)
蜘蛛侠：新的一天 (2026)
蜘蛛侠：英雄归来 (2017)
蜘蛛侠：英雄无路回家 (2021)
蜘蛛侠：远离家园 (2019)
蜘蛛侠 (2002)
蜘蛛侠：平行宇宙 (2018)
蜘蛛侠 2 (2004)
《蜘蛛侠：崭新之日》将于周五在电影院上映。
T
我父亲的邮票册带我开启了一场旅程
第一人称
作者：Ron DeBoer
今日 KENKEN 谜题答案
在我帮父母缩小住房规模的那天，我父亲把我带进他的小办公室，从抽屉里拿出一个皱巴巴的纸袋。“帮我保管这个，好吗？”他神神秘秘地说。我取出了一本看起来像年鉴的东西，森林绿色，除了封面上有两条金线外，没什么特别的。 “我答应过一个人帮他保管好，”他说。“那个人”是他的一个同事，曾请求他代为保管一段时间。第二天，一名警察出现在他们的工作场所询问那个人的下落，随后那个人便“人间蒸发”了。那是 1979 年的事情——在 40 年前。 回到家后，我打开书，发现一排排的邮票被排列在不同的标题下：加拿大、美国、荷兰。有两页是比利时的邮票，同一枚邮票出现了多次。我给兄弟们发了短信，告诉他们父亲对我说的这件事。随后出现了一大堆“笑中带泪”的表情符号。我们开玩笑说：“想象一下如果这些邮票值钱会怎样？” 然后我把这本书放在文件柜背面妥善保管，便忘记了它。几个月后，新冠疫情袭来，我的父亲在疫情最严重的时期去世了，我的母亲在两年后去世。 前几天我在清理旧税务文件时，偶然发现了那本邮票册。悲伤瞬间涌上心头。为什么我没有多问关于那个神秘人的问题；为什么父亲在他和母亲搬家之后，依然忠实地为他守护着这本书。
国家天气预报 世界天气预报
今日 明日 周日 今日 明日 周日
24/14 31/23 30/26 34/26 31/20 29/16 21/16 34/19
PC S T T PC SH PC PC
23/14 30/22 30/26 34/26 26/16 27/15 21/14 28/17
S S T C SH S PC SH
25/16 32/23 30/27 33/26 27/18 30/18 22/16 30/20
阿姆斯特丹 雅典 曼谷 北京 柏林 布鲁塞尔 哥本哈根 法兰克福 27/25 34/23 43/31 25/16 35/22 36/23 34/26
R S S S S S T
27/25 35/24 45/31 26/18 36/22 35/22 33/27
香港 耶路撒冷 拉斯维加斯 伦敦 洛杉矶 马德里 迈阿密 25/16 34/28 28/20 32/26 32/25 30/18 45/34
T S S S S S T
26/25 35/25 45/31 25/16 37/22 36/22 33/26
SH T S S T PC S
27/19 34/29 28/22 31/25 32/24 30/18 46/34
S T PC S T S S
29/18 35/27 27/21 31/27 31/24 33/22 44/34
莫斯科 新德里 纽约 尼斯 奥兰多 巴黎 凤凰城 39/25 18/13 32/26 31/26 16/10 34/27 32/22
S S SH T S T S
39/25 20/12 33/26 31/25 17/9 35/28 33/24
S S SH SH SH SH PC
37/25 19/13 34/26 30/26 19/9 36/25 31/23
罗马 旧金山 首尔 新加坡 悉尼 东京 华盛顿
日最高温，夜最低温，以及天气状况 图例
C 多云 FG 雾 FR 冻雨 HZ 霾 NA 无数据 PC 局部多云 R 雨
RS 雨雪 S 晴 SN 雪 SF 小雪 SH 阵雨 T 雷暴 W 强风
《环球邮报》中心 351 KING STREET EAST, SUITE 1600 TORONTO, ONTARIO, M5A 0N1 416.585.5000 | GLOBEANDMAIL.COM
他们在一生中经历了无数次吗？我翻阅着页面，寻找线索。这些邮票到底是从哪里来的？我联系了一位朋友，他是一名业余收藏家，他让我把截图发给他。我先发了一枚来自西弗吉尼亚州的 5 分邮票。几分钟后，我的朋友告诉我，这是一枚 1963 年发行的纪念邮票。我的心跳开始加快。如果这些邮票值钱怎么办？在接下来的短信中，他解释了邮票是如何估值的——邮戳清晰度、颜色和纸张状况、印数少等等。然后，他给了我那枚邮票的预计价值范围：在 10 到 25 分之间。如果品相完好（mint condition），它能卖到令人眩晕的 75 分。我回了一个笑哭的表情符号。接着，我发送了整个收藏册的页面照片，希望我的朋友能从中发现一颗“原钻”。其中有一枚 8 分的艾森豪威尔邮票，
一枚 10 分的本杰明·韦斯特邮票。在加拿大页面上，有一枚 7 分的皮埃尔·拉波特邮票，是为了向在十月危机期间被谋杀的记者致敬；一枚 4 分的首相 R. B. 班内特邮票，以及许多纪念 1976 年蒙特利尔奥运会的邮票。还有一枚描绘艺术家保罗·凯恩的邮票，他以绘制哈得逊湾公司前哨站原住民场景而闻名。大约一周后，他回复了。所有邮票都来自 20 世纪 60 和 70 年代。凯恩邮票的价值可能在 1 加元到 2 加元之间。最后一条短信写道：这些邮票都没有稀有价值。我对答案和规律的寻找在很大程度上证明是没有结果的……直到我自己建立了一个联系。我发现了一枚 8 分的内莉·麦克隆和一枚 50 分的露西·斯通邮票，两人都是为女性投票权而战的重要选举权活动人士。麦克隆当选进入了阿尔伯塔省立法议会
PC S T T PC S PC S
班夫 (BANFF) 巴里 (BARRIE) 布兰登 (BRANDON) 卡尔加里 (CALGARY) 夏洛特顿 (CHARLOTTETOWN) 希库蒂米 (CHICOUTIMI) 丘吉尔 (CHURCHILL) 角隅布鲁克 (CORNERBROOK) 康沃尔 (CORNWALL) 埃德蒙顿 (EDMONTON) 哈利法克斯 (HALIFAX)
15/7 25/15 34/16 21/10 26/18 23/16 24/17 23/16 25/16 15/10 25/17
SH PC S SH PC R SH PC R R PC
S SH S S PC T S SH PC S PC
S S S S SH SH S SH PC S SH
28/8 26/18 31/20 33/14 24/15 27/18 21/15 22/15 27/20 28/13 24/16
28/11 28/18 29/17 31/15 21/16 26/16 21/14 25/15 27/18 26/17 20/16
T S S PC S S T
汉密尔顿 (HAMILTON) 亨茨维尔 (HUNTSVILLE) 伊库阿卢特 (IQALUIT) 贾斯珀 (JASPER) 基隆拿 (KELOWNA) 金斯顿 (KINGSTON) 伦敦 (LONDON) 蒙特利尔 (MONTRÉAL) 尼亚加拉大瀑布 (NIAGARAFALLS) 北湾 (NORTHBAY)
PC R PC R SH R PC R SH SH
24/17 25/13 14/7 13/5 23/12 25/18 26/16 26/17 25/18 23/12
PC R SH T SH PC SH PC PC T
25/18 26/17 14/6 22/9 27/12 26/20 26/17 28/20 26/19 24/15
S S R PC S S S PC S S
27/19 27/18 11/6 26/12 34/18 25/20 28/19 27/19 27/19 26/17
T T C S T S S
渥太华 (OTTAWA) 乔治王子城 (PRINCEGEORGE) 彼得伯勒 (PETERBOROUGH) 魁北克 (QUÉBEC) 里贾纳 (REGINA) 萨斯卡通 (SASKATOON) 苏圣马丽 (SAULTSTEMARIE) 圣约翰 (SAINTJOHN) 塞普蒂勒 (SEPT-ÎLES) 圣约翰斯 (STJOHN'S) 萨德伯里 (SUDBURY) 27/16 23/15 27/20 27/17 24/16 25/15 23/14 20/10 28/18 21/13
R R SH R S S S PC R C PC
24/16 17/10 25/16 25/17 30/14 26/13 25/13 25/16 19/15 19/12 24/12
T SH SH PC S S SH S PC SH T
27/19 19/11 26/18 28/19 36/22 34/22 23/16 26/15 19/14 18/13 24/15
S PC S SH S S T SH S SH T
28/19 23/14 27/18 25/17 31/18 29/16 25/17 22/15 19/13 16/12 27/18
SH S S T S T PC
桑德贝 (THUNDERBAY) 汤普森 (THOMPSON) 多伦多 (TORONTO) 瓦尔多尔 (VAL-D'OR) 温哥华 (VANCOUVER) 维多利亚 (VICTORIA) 惠斯勒 (WHISTLER) 白马市 (WHITEHORSE) 温尼 Peg (WINNIPEG) 黄刀镇 (YELLOWKNIFE)
S T T SH SH S SH PC S S
23/12 27/16 24/17 22/12 19/13 19/13 18/10 23/10 33/21 17/10
SH S SH SH SH SH R S S PC
25/13 26/17 25/20 22/13 20/13 20/14 16/9 21/11 30/21 20/10
T S S T S S S PC S S
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编辑办公室 多伦多 416.585.5225 蒙特利尔 514.982.3065 渥太华 613.566.3600 卡尔加里 403.245.9100 埃德蒙顿 780.428.8261 温哥华 604.685.0308 哈利法克斯 902.471.9479
在 1921 年，并在 1938. 年作为代表出席在日内瓦举行的国际联盟会议。斯通为美国的女性权利发声，并猛烈地反对奴隶制；她在马萨诸塞州发起了一次全国妇女权利会议。
我愿意付出任何代价，能与我的父亲就这些邮票再次进行一次对话，尤其是关于麦克隆格和斯通邮票的发现。他和我的母亲养育了四个儿子，并经常提到他们失去的那个女儿。他们最终有了 11 个孙辈，其中 10 个是孙女，她们拥有以各种方式在各自社区产生影响的自由。他一定会理解这种联系，露出笑容并说那是无价的。
最终，我的兄弟们和我得出结论，这个邮票收藏集很可能就是我父亲的。线索在于他用来标注国家名称的标签压印机，那种手持设备可以将字母挤压到粘接条上，使字母呈现出凸起且白色的效果。在处理完他们的遗留事务后，我们在其他几件物品上发现了相同的标签。
为什么我父亲编造了一个 40 年前某个男人的故事仍然是一个谜，这可能是由于他早发性痴呆症的结果。或者，也许他认为这些邮票有一天会值钱，想把未来的财富留给我们。如果他虚构了一个可能会回来索要邮票的神秘男子，也许我就会被鼓励保留这本邮票册。
这本册子仍然放在我的文件柜里，所以我猜这招奏效了。
Ron DeBoer 居住在安大略省基奇纳。
“第一人称”是由读者提交的每日个人专栏。有故事要讲？请参阅我们的指南 tgam.ca/essayguide。
INUVIK 17/7/PC
WHITEHORSE 20/10/PC
YELLOWKNIFE 21/13/S
STJOHN'S 16/12/SH EDMONTON 26/17/S
REGINA 30/16/S
VANCOUVER 24/16/S
PORTLAND,OR 26/17/PC
DENVER 31/17/SH
LASVEGAS 43/31/S
PHOENIX 45/34/S
LOSANGELES 35/22/S
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今日数独答案
IQALUIT 11/6/R
HAPPYVALLEY-GOOSEBAY 26/17/T
CHURCHILL 21/14/PC
WINNIPEG 28/18/S
OTTAWA 28/19/S MONTRÉAL 26/19/PC
TORONTO 27/20/S
CHICAGO 27/21/PC
WASHINGTON 32/22/S
ATLANTA 33/22/S
NEWORLEANS 34/27/SH HOUSTON 36/26/S MIAMI 34/26/T
管理层 ERIN ADAMS 副总裁，人力资源 KATHY CUNNINGHAM 首席财务官 SUSAN KELLY 副总裁，信息技术 SEAN HUMPHREY 副总裁，营销、产品与数字化体验 SALLY PIRRI 副总裁，印刷运营 JESSE LANGDON 副总裁，总法律顾问/公司秘书 NAFID AHMED 副总裁，企业分析、数据科学与消费者洞察 JONATHAN DENEAU 副总裁，营收
HALIFAX 22/16/SH
BOSTON 25/18/T
-30
-10 0 10 20 30 40
SANJUAN 32/27/T
1.
1 可能让你看起来像 史瑞克（暂时地！）的 面部护理 13 辞职的话语？ 15 有组织的混乱 16 锥形亲戚 17 ___ 康多 (canto) 18 拍照者 19 氧分子中的 两个原子之一 21 下垂 23 对所有性别都感兴趣（简称） 24 绽放，如花朵 26 西班牙语中的红色 28 100-meter ___ 32 类似于紧身胸衣的服装 34 绘制《圣安东尼的诱惑》的画家萨尔瓦多 36 盐湖城运动员 37 苏格兰迷信中的海蛇 40 “I wandered lonely ___ cloud” (Wordsworth) 41 欺骗性的冰球动作 42 冰淇淋量 43 弄湿 45 整个 ___ yards 47 从蛋中孵化 48 JFK 的替代方案 50 23andMe 样本 52 例如，“不准在床上跳” 53 过度地 54 佛罗里达州仅次于 MCO（奥兰多）的第二繁忙机场 56 Aye 的反义词 57 “I have no idea”
BRIDGE BY STEVE BECKER FRIDAY, JULY 31, 2026
你是叫牌者并开叫 One Diamond。搭档响应 Three Diamonds (forcing)。 面对以下四手牌，你现在会如何叫牌？
CRYPTIC CROSSWORD
ACROSS 1 翻新酒店套房的轮廓 (10) 7 穿上外套？ (5) 8 极其暴躁、愤怒言辞的残酷类型 (6) 10 缺乏新设备的乐队 (3) 12 正好是眼镜可能放置的地方？ (2,3,4) 13 公园员工在冬天之前设法完成了所有事情 (6) 14 音乐会现场的进入方式 (6) 17 第二次投票机会：这就是选择所在之处 (9) 19 美国人准备向西行进，经历一段显著的时间 (3) 20 可能看到格拉斯顿伯里参会者的地点？ (6) 21 包含未知音乐制作人的目录 (5) 23 带着大蛇登上舞台的手段 (10)
DOWN
1 具有幽灵和火类品种的昆虫 2 沉没还是游泳？ 3 比巴松管更高的木管乐器 4 存放葡萄酒的地方 5 “I’m ___ done!” 6 随之滚动！ 7 已获批准 8 只有穆斯林能访问的城市 9 容易获取的 10 伪造的 11 “CSI”演员 Archie 12 街道穿越者 13 1984 年来自同名电影的 Kenny Loggins 热门歌曲 14 也许是蜷缩在加热通风口上的动物 15 某种甲壳类动物的附肢 20 ___ pit 22 极有帮助的恩惠 23 领口上装 25 修补，如比喻性的栅栏 27 “Space”或“traffic”之后的词 29 像数字化增强的音符？ 30 带有高平台的团体锻炼 31 ___ Kisses（巧克力，每天产量 80 million 颗） 33 歌手 ___ Marie 35 尺子刻度 38 快速下坡？ 39 变高？ 44 网球之星 Stephens 46 缠绕
这让你接近通常完成 12 墩牌所需的 33 点。小满贯几乎肯定，大满贯则有可能。 Blackwood 是目前估计你能拿多少墩牌的最佳方法。如果搭档通过叫五心显示有两张 A，你在六方块停牌。如果他通过叫五拍显示有三张 A，你接着叫五无将，询问 K。如果他随后响应六方块，显示有一张 K，你则叫七。 2. Four diamonds。在搭档的强迫性加价后，你的四-
© News Licensing/Times Media Limited
DOWN 1 与 The Police 合作的伟大歌手？ (10) 2 被遗弃在周围的花环 (3) 3 结尾被击败，你是否只需要更多训练？ (7) 4 纽约东部的房产，也许 (6) 5 芭菲冰淇淋的一部分，或极好的蛋糕 (5) 6 定期透露并增加少量重量 (8) 9 支持关于新赞助商投诉的表演者 (10) 11 来自英国部分地区、前往格鲁吉亚的犯罪世界 (8) 15 容纳兰花的乡村住宅 (7) 16 建议在前面呈现的绝佳部分 (6) 18 专用放松中心的最高点 (5) 22 无止境地上下运行 (3)
EDITED BY DAVID STEINBERG
49 “Never ___ Give You Up” 51 新娘走在上面的东西 53 1917 年前俄罗斯亚历山德罗夫宫的居民 55 培养皿凝胶 57 德语代词
方块竞标不显示额外价值。如果搭档下次叫五方块，你选择过牌。 但如果搭档通过叫四红心或四黑桃（cue-bidding）表明对大满贯（slam）感兴趣，你下次将叫五梅花。这不能被解读为强力竞标，因为你之前通过叫四方块已经限制了你的资源。在五梅花之后，其余部分交给搭档决定。 3. 三无将。考虑到你持有的红心，这并不是一个令人愉快的重新竞标，但它提供了进入局点（game）的最佳机会，而这才是主要的考虑因素。 五方块可能是一次赌注合同，但没有合理的方法能查明。如果你叫四梅花，你将跳过三无将。你的 4-4-3-2 分布强烈建议选择无将，尽管红心存在风险。如果搭档通过三无将，成功的概率非常高。 4. 四梅花。凭借你在边牌中的出色控制力，尽管你的高分值（high-card values）较低，但大满贯仍有可能。 搭档可能持有类似 1 2 3 6 的牌型，这将给你带来大约 90% 的六局成功率。 如果搭档对四梅花的响应是四方块，你有权通过叫四黑桃进行另一次大满关尝试。如果搭档随后叫五方块，拒绝了你的两次邀请，你必须尊重其意愿并认输。 请注意，此处未使用黑木约定（Blackwood）。了解搭档拥有一张还是两张 A 无法解决是否能赢得 12 局这个核心问题。
©2026 King Features Syndicate Inc.
数独难度分级：HHHHH
说明 填写网格，使每一行九格、每一列九格以及每一个九格区域（三乘三）都包含数字 1 到 9，且顺序不限。 每个谜题只有一个解。
说明
KENKEN
©2026 KENKEN Puzzle LLC. KENKEN 是 Nextoy, LLC 的注册商标。 由 Andrews McMeel 发行 www.kenken.com
每一行和每一列必须包含数字 1 到 6，且不得重复。
58 更多类似的 ___ 59 神户的货币 60 追忆往昔 61 吹毛求疵 62 法语中的“A”
答案
昨天的通用填字游戏
昨天的隐晦填字游戏
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C
社会推崇创造力。 但它究竟是什么？
突破的时代
Thomas R. Verny 是一位临床精神病学家、学者、获奖作者、诗人及公众演讲者。他著有八本书，包括全球畅销书《未出生孩子的秘密生活》(The Secret Life of the Unborn Child) 以及《具身心智：理解细胞记忆、意识与我们身体的奥秘》(The Embodied Mind: Understanding the Mysteries of Cellular Memory, Consciousness and Our Bodies)。
创造力是我们的社会高度重视的东西。但它究竟是什么？当代心理学提供了一个所谓的创造力的标准定义。该定义认为，创造力需要同时具备原创性和有效性。它必须服务于一个实际目的，并且适用于当前的任务。其想法、过程或产品必须是独特的、新颖的或不寻常的。一个纯粹原创但完全无用的想法，在现代科学标准下不被视为具有创造力。你可能还记得高中时代关于艾萨克·牛顿的故事，以及他如何通过观察苹果从树上掉落而发现了万有引力定律。这可能部分是历史，部分是传奇，但它捕捉到了创造性思维的一个关键特征。此前有数百万人见过苹果掉落，但在牛顿之前，没有人像他那样思考：将苹果拉向地面的same force（同样的力量）是否也存在于太空中，使天体保持在它们的轨道上。通过这样做，牛顿将两个被所有人视为无关的现象联系了起来。
牛顿的发现，就像从阿基米德到斯蒂芬·霍金这些非凡科学家的发现一样，与卡内基梅隆大学 George Lowenstein 教授首次提出的好奇心“信息缺口理论”相一致。他假设，当我们注意到知识中的缺口时，感觉就像是一次想要抓挠的瘙痒，驱动我们去寻找答案。最近在大脑成像方面的进展开始揭示，好奇心是如何征用那些构成动机和奖励基础的相同多巴胺能回路的。此外，好奇心增加了与海马体的沟通，从而增强了学习和记忆。
创造力并非仅仅是一种偶然现象。创造力出现在那些在特定领域（无论是物理学、烹饪、艺术等）拥有扎实知识，且好奇、聪明并在解决问题方面承受一定压力的人身上。这些创造力的基本原理在 Julia Child 身上得到了很好的体现，她是第一个让电视烹饪节目普及的人。她充满好奇心，并鼓励观众的好奇心。她会问自己这样的问题：延长褐变时间会如何改变风味？另一种香草是否能改善这道菜？是否有一种更有效的技巧？
来自 A1 页
在去年将克劳福德矿山提交给矿产资源部（MPO）后，马克·卡尼的办公室表示，该矿山将吸引 $5-billion 的投资，并创造数千个新的职业岗位。 虽然克劳福德矿山的获批对加拿大镍业公司来说是一个重要的里程碑，但仍然存在重大障碍，包括敲定一项数十亿美元的融资方案，以及宣布推进建设的决定。 克劳福德矿山预计在建设期间将雇佣约 3,000 人，而在运营期间，约有 1,000 人将在现场工作。 长期以来，加拿大一直因审批重大资源项目耗时过长，以及在不必要的情况下用繁琐的行政手续拖累公司而受到批评，尤其是在需要省政府和联邦政府重叠许可的情况下。 联邦政治家还强调，一个更强大的国内关键矿产产业可以在与美国的贸易谈判中被用作筹码。 要被指定为关键矿产，该元素必须对经济具有重要意义且
虽然克劳福德矿山的获批对加拿大镍业公司来说是一个重要的里程碑，但仍然存在重大障碍，包括敲定一项数十亿美元的融资方案。加拿大镍业公司
每周必须制作一档新节目的必要性是一个很好的动力。而且她显然非常聪明。她将食谱视为活生生的实验，如果出了任何差错，她会用幽默的态度接纳自己的错误。她以身作则，教会观众要敢于冒险，不要将失败视为灾难，而应将其视为一种最终会带来回报的积极学习体验。好奇心是进化的主要引擎之一。它存在于我们的 DNA 中，因为那些最渴望研究并了解周围环境的人，往往是最有可能生存下来的人。我们天生好奇，但根据父母、社区和文化的态度，这种好奇心可能会受到支持或抑制。来自权威人士的一句评论，比如“别问愚蠢的问题”，通常足以扼杀一个充满求知欲的年轻心灵。另一方面，严肃且积极地回答每一个问题，将有助于激发孩子的创造潜力。在追求知识的渴望中，我们经常转向大学和其他学习场所，如教学医院。人们通常认为这些地方是信息和创造性思维的源泉。不幸的是，事实并非总是如此。新想法经常遭遇阻力，因为它们被认为威胁到了专业身份、机构权威和长期持有的信念。这种心态的一个悲剧性例证是伊格纳兹·塞麦尔维斯（Ignaz Semmelweis）的案例，他是一位在 19 世纪 40 年代在维也纳综合医院工作的匈牙利医生。在一名同事因尸检期间感染而去世后，塞麦尔维斯推测，医生们通过未洗的手，将无形的“尸体微粒”从解剖室带到了产科病房。1847 年，他要求所有医生和学生在检查病人之前必须使用氯化石灰溶液洗手。结果非常显著。产褥热的死亡率从约 10 到 18 per cent 降低到大约 1% 到 2%。许多资深医生拒绝接受他的解释。塞麦尔——
好奇心是 进化的 主要引擎 之一。它 存在于我们的 DNA 中，因为 那些最渴望 研究并了解 周围环境的人 往往是 最有可能生存 下来的人。
国家安全，并面临全球供应中断的风险。中国主导着许多关键矿产的供应链，并偶尔将其权力作为对抗西方的筹码。去年，中国对美国出口几种用于国防领域的矿产实施了临时限制。
镍的主要用途是在炼钢中，但它也是电动汽车电池的重要投入。克劳福德矿山的金属预计将销售给电动汽车产业和钢铁部门，客户涵盖美国和欧洲。
如果该项目得以推进，克劳福德将成为加拿大多年来建设的第一座新镍矿。该国最后建设的大型镍矿作业之一是位于魁北克北部的 Nunavik 镍矿，该矿于 2013 年开始生产。Nunavik 项目由 Canadian Royalties Inc. 开发，该公司随后被中国吉林建镍工业公司的一家子公司收购。
Haywood Securities 分析师 Pierre Vaillancourt 在上周的一份客户报告中表示，关于该项目的批准决定……
……维斯（Semmelweis）的理论意味着医生在无意中杀死了自己的病人。他们认为这是一个多么荒谬的想法。塞梅尔维斯无法解释洗手为何有效，这使得他的主张很容易被否决。面对同行日益增加的反对和辱骂，塞梅尔维斯陷入了严重的精神疾病。1865 年，他被送入精神病院，在那里他被殴打至失去意识，被套上束缚衣并扔进一个阴暗的牢房。他于三周后去世。讽刺的是，在他死后 20 年，路易·巴斯德（Louis Pasteur）发现细菌是疾病的传播者，以及约瑟夫·李斯特（Joseph Lister）使用石炭酸作为防腐剂，证明了塞梅尔维斯激进洞察力的正确性。
在随后的年岁里，学术界并没有发生剧烈的变化。在大多数大学，晋升和终身教职的道路是由那些支持资深学者观点的已发表研究论文铺就的。你可以摇晃船只，但不能幅度太大。在一定限度内，对现状进行渐进式调整是被认可的。一个典型的例子是 Gerlinde Metz 教授辉煌的职业生涯。
在回应我关于她学术教育的询问时，她告诉我，在苏黎世联邦理工学院（ETH Zurich，瑞士的一所世界知名科学大学）完成神经科学研究生学习后不久，她对当时尚处于起步阶段的表观遗传学产生了兴趣。作为一名年轻的教师，她的拨款评审员感到愤怒。他们说表观遗传学——研究环境和行为如何导致影响基因运作方式的改变——是一个神话。他们敦促她放弃这个想法。那是 20 年前的事了。如今，Metz 教授担任莱斯布里奇大学（University of Lethbridge）的 Bryan Kolb 神经科学讲席教授。凭借 263 篇发表文章和超过 11,000 次的引用，她已成为推动表观遗传学发展的世界领先科学家之一。我问她如何决定下一个研究课题，她的灵感来自哪里？她说她的许多工作是协作完成的，但当被追问细节时，她确实提到她喜欢挑战将之前未被关联的数据连接起来。此外，偶尔某个想法会突然在脑海中蹦出来。显然是凭空出现。比如前几天她洗完澡后，突然想到了一个新的研究项目。“创造性的人拥有那种吸引他们学习新事物并以新方式体验世界的好奇心，”负责人 Anna Abraham 指出……
[[IMG_XXXX]] 插图由 DREW SHANNON 绘制
托兰斯创造力中心以及乔治亚大学神经科学项目、综合生命科学的一名教授。现代创造力研究补充道，专业知识为创新奠定了基础，特别是当专业知识与灵活的思维和强大的动力相结合时。从科学突破到艺术创作，创新推动着人类前进，并为我们的生活增添乐趣。
世界著名的小说家、电影导演、编剧、制片人兼演员大卫·克伦伯格（David Cronenberg）就是一个极具创造力的艺术家的活例。我在他访问罗马期间找到了他，并与他进行了虚拟交谈。我最喜欢的克伦伯格电影是《危险方法》。这部 2011 年的电影讲述了分析心理学创始人卡尔·荣格、精神分析学科创始人西格蒙德·弗洛伊德，以及最初是荣格的病人、后来成为首批女性精神分析学家之一的萨宾娜·斯皮尔赖因之间动荡的关系。
他被称为“身体恐怖”电影之父，在这些电影中，他探索了直观的身体转变、传染病以及心理、生理与技术的交织。他最近的一部电影是《寿衣》（The Shrouds），讲述了一位丧偶男子发明了一种寿衣，可以将他已故妻子在坟墓中腐烂身体的实时、交互式 3-D 图像广播出来。他指出，“身体恐怖”这个标签是由记者创造的，而非他本人。尽管他认为这是一个误称，但他已经学会了接受它。他强调，他的电影与其说是关于恐怖，不如说是关于人体奇怪的美感和复杂性。
对他而言，创造力并不遵循一条可预测的路径。每部电影的开始方式都不同，而驱动力则是他所描述的讲述故事的内部压力。无论是在拍电影还是写小说，他自己的生活经常提供最初的火花，但他谨慎地补充说，他的角色并非他本人的版本。
除了前面讨论的因素外，创造力还需要一定水平的智力。除非个体能够识别灵感的意义、对其进行批判性评估，并将其开发成有用或美丽的东西，否则瞬间的洞察力几乎没有价值。心理学家长期以来一直在研究智力与创造力之间的关系。智力通常是指由 IQ 测试衡量的推理和解决问题的能力，而创造力则是产生既新颖又实用的想法的能力。
格拉茨大学的安德烈亚斯·乔克（Andreas Jauk）及其同事的研究表明，较高的智力与更大的创造潜能相关。他们确定，大约 120 的 IQ 是一种阈值，一旦超过这个阈值，额外的智力对创造力的贡献相对较小。一旦达到这个阈值，人格特质，特别是打破常规思考的倾向和毅力，将成为创造性成就的更强预测指标。
学习创造力告诉我的是，灵活性和原创性是创造性思考者的关键属性。他们的思考过程倾向于用一种流畅的、自发的和非线性的方法来处理问题。这种被称为“发散性思维”的方法在创造性思维中起着重要作用。发散性思维经常与“聚合性思维”相对比。聚合性思维对想法和信息进行组织和结构化，遵循一套特定的逻辑步骤以得出唯一解，即“正确”的答案。
创造力最好的理解方式是：在允许并支持非常规想法的社会中，智力与好奇心、开放性和想象力协同工作。创造性的思维不断将旧的想法组合成新的形式，始终测试可能性，舍弃死胡同，并偶尔偶然发现有助于我们更好地理解和享受我们的洞察力。
世界。创造力并非天才的专利。我们每个人都具备解决问题、适应并改善生活的潜力。如果你想发挥你的创造潜能，请大胆生活。不要因提问而感到尴尬。不要恐惧失败，不要恐惧批评，不要崇拜传统。
如需查看本报道的脚注， 请访问 tgam.ca
拥有以 1 亿美元购买克劳福德矿山 10% 股份的选项。
在过去的几年里，由印度尼西亚驱动的全球镍生产过剩给西方生产商带来了沉重压力，但这种钢铁制造原材料在今年强劲反弹。在 2025 年底暴跌至每吨约 14,000 美元后，镍价在 5 月飙升至约 19,600 美元的高点。瓦扬库尔先生在报告中表示，镍价的回升是由市场预期印度尼西亚将通过限制发放许可证数量来减产而驱动的。周四，镍交易价格约为每吨 17,300 美元。
克劳福德矿山预计将于 2029 年实现首次生产。
前总理贾斯廷·特鲁多政府对资源和基础设施项目的影响评估进行了重大修改，在确定项目是否符合公共利益时，将审查范围从环境参数大幅扩展，以涵盖健康、社会、文化以及经济影响。
那些夏日时光——Sly Stone 唱道，那是他最快乐的时光。但那是他在 20 世纪 50 年代成长时的经历。那么今天的孩子们呢？
Active for Life 对您和孩子如何在阳光下共度时光有一些建议。请查看下面的列表，并将其贴在冰箱或笔记板上，以便在整个夏天每天提醒自己。
今年夏天还可以进行哪些其他活动？ 请访问 activeforlife.com/i-love-summer，获取适合家庭每个成员的更多创意。
S&P/TSX 35,505.84 +172.06
西捷航空乘务员 将于周日罢工
VANMALA SUBRAMANIAM 未来工作记者
如果西捷航空 (WestJet) 与代表其 4,000 多名乘务员的工会之间在周日之前未能就新集体协议取得任何实质性进展，本周末可能会出现严重的旅行中断。
周四，加拿大公共雇员联合会 (CUPE) 发布了 72 小时罢工通知，称航空公司和工会在一些关键问题上“仍然相距甚远”，但谈判将继续进行。
“仍然有时间避免罢工，”代表 4,400 名乘务员的 CUPE Local 8125 分会主席 Alia Hussain 在一份声明中表示。
她补充说：“我们希望为我们的成员争取一份公平的合同，认可乘务员工作的价值，并认可我们作为加拿大第二大承运公司员工的地位。”
西捷航空通过发布 72 小时停工通知对工会的罢工通知做出回应。
“对于由此给我们的宾客带来的不便和不确定性，我们深表遗憾，”西捷航空首席执行官 Alexis von Hoensbroech 在一份声明中表示。
罢工，B6
贸易办公室 发出出口协议 新方案信号
MARK RENDELL 经济记者
作为贸易多样化更广泛努力的一部分，联邦政府在为加拿大公司牵线国际交易方面正变得日益积极。
周四，国际贸易部长 Maninder Sidhu 通过成立一个“战略出口办公室”使这一方案正式化。
该办公室最初在秋季预算案中宣布，将设在加拿大全球事务部内，作为识别并推进“战略部门”公司国际交易的中心，这些部门包括航空航天、国防、核能和基础设施。
Sidhu 先生还宣布成立一个由 14 名成员组成的新“战略出口咨询委员会”，成员包括丰业银行首席执行官 Scott Thomson、宏利金融 CEO Philip Witherington、庞巴迪 CEO Éric Martel、Cameco CEO Tim Gitzel 以及德哈维兰 (De Havilland) 所有者 Sherry Brydson 等。 (Brydson 女士是 Woodbridge Co. Ltd. 的股东，该公司是《环球邮报》的所有者。)
渥太华已经拥有多种工具来帮助公司寻找海外交易并促进出口。
公司
贸易，B6
ALLIED GOLD ......................... B9 BOMBARDIER ........................ B3 CPKC ...................................... B9 CGI ......................................... B9 GFL ENVIRONMENTAL ........... B3 GILDAN ACTIVEWEAR ........... B5
S&P 500 7,437.63 +121.48
DOW 52,208.06 +613.92
飞机在庞巴迪位于密西沙加的组装厂进行组装。CEO Éric Martel 表示，关于推进新设施的最终决定可能会在年底前做出。SAMMY KOGAN/加拿大新闻社
随着多伦多证券交易所上市软件公司的持续流失
SEAN SILCOFF 技术记者
多伦多证券交易所上市的软件公司 Kneat.com Inc. 的股东已决定性地投票支持美国私募资本巨头 Thoma Bravo LP 以 $650 百万进行收购，尽管有两名股东对该交易表示强烈反对。 Kneat 总部位于多伦多，但由来自爱尔兰利默里克的首席执行官 Edmund Ryan 管理。该公司周四表示，87% 的股东投票支持这项每股 $6.50 的交易。该交易尚在等待安大略省高等法院的批准。
Warsh 抑制美国通胀的策略
COLBY SMITH
在联邦储备委员会主席 Kevin Warsh 的第二次新闻发布会开始不久，他阐述了该央行在应对数十年来最具挑战性的通胀问题之一时，最终将如何被评估。 在美联储决定将利率维持在 3.5% 至 3.75% 的区间后，他周三告诉记者，央行从事的是“绩效”工作。“我们将根据我们的表现来接受评判。” 金融市场迅速拒绝了 Warsh 先生的方法，该方法涉及强硬的
美元 71.36/1.4014 +0.35/-0.0069
纳斯达克 (NASDAQ) 25,122.18 +679.24
[ 制造业 ]
公司正在加拿大境内寻找选址以建设新设施， 旨在发展其军用飞机业务 B3
上级法院将于下周举行听证会。预计在此后不久将结案。 Kneat 的软件被制药商用于跟踪和验证其数据，以进行质量控制和监管目的。 “我们感谢股东们的强力支持，他们的批准标志着我们在完成与 Thoma Bravo 这一价值最大化交易的过程中迈出了重要的一步，”监督该交易的 Kneat 董事会委员会主席 Carol Leaman 表示。“凭借 Thoma Bravo 的合作伙伴关系、运营专业知识以及深厚的软件行业经验，我们将处于有利位置，以加速 Kneat 在数字化验证和质量流程自动化方面处于行业领先的地位。”
Kneat 是近期一系列在加拿大上市的在线订阅软件公司中的最新一家。在 2021 年底新冠疫情技术泡沫破裂后，该行业经历了长期的估值低迷，导致许多公司接受收购、管理层回购或从公开市场退市。 此次抛售最初因利率大幅上升而加剧，随后又因为生成式人工智能公司及工具被视为潜在威胁而进一步恶化，投资者担心这可能会取代现有的软件供应商。
KNEAT, B5
在谈论通货膨胀，但并未在采取提高利率以平息价格压力这一前景上给出明确承诺。来自规模达 US$28 万亿的美国国债市场的反应是毫不含糊的。市场期望这位将抑制通胀作为其主席任期首要任务的政策制定者能采取更多行动。 随着 Warsh 先生的发言，长期政府借贷成本飙升，30 年期债券创下一年多以来最大的一日涨幅。其交易率在 5.22% 左右，处于 2007 年以来的最高水平。作为全球借贷成本基准的 10 年期国债收益率也随之上升，同时市场对长期通胀的预期也随之提高。股票市场同样出现抛售，尽管投资者将潜在加息的时间推迟到了今年晚些时候。 部分股权损失在周四得到了回补，但债券市场的焦虑情绪依然存在。 “市场起初将关于价格稳定的强硬言论解读为有人愿意采取必要行动来解决通货膨胀，随后由于缺乏后续行动而感到惊讶，”Lael Brainard 表示。她在 2023 年离开美联储成为拜登政府的首席经济顾问之前，曾在美联储担任副主席。
INFLATION, B6
零售业 Loblaw 销售额与利润上升， 因购物者继续寻求 折扣杂货店 B2
黄金 (盎司) US$4,160.60 +63.60
原油 (WTI) US$83.59 -0.87
RITA TRICHUR 加拿大能从美国与欧盟之间 已经不稳定的贸易协定中 学到什么 B4
GCAN (10年期) +3.59% –0.01
环球投资者 华尔街在芯片股反弹中 大幅收高，微软创下 单日最高涨幅记录 B9
I
特朗普的关税政策在华盛顿引发了一场游说狂潮，且势头日益增强
美国联邦关于关税的游说情况 外部游说公司在关税问题上获得的季度收入
US$10M
8M
6M
4M
2M
2014 2016 2018 2020 2022 2024 2026 0
基于报告中至少使用一次游说议题代码 TAR - Tariff（杂项关税法案）的文件。数据为每份文件的全部报告收入，在大多数情况下，这也涵盖了对其他议题的游说。
《环球邮报》，来源：LDA.SENATE.GOV
SUSAN KRASHINSKY ROBERTSON 零售记者
Loblaw Cos. Ltd. 的首席执行官周四表示，面对加拿大高昂的食品价格，消费者正越来越多地避开杂货店的新鲜农产品区，转而前往冷冻食品区，试图以此减轻预算压力。
“他们正试图缓解通货膨胀的影响，”Per Bank 在讨论公司第二季度业绩的电话会议上表示。
虽然消费者为了省钱而改变习惯并非新鲜事——人们一直倾向于转向折扣店、购买更多促销商品以及更换品牌——
JEFFREY JONES ESG 与可持续金融记者 卡尔加里
一家总部位于卡尔加里的碳捕集开发商已开始在阿尔伯塔省西北部运行一个价值 $200 百万的项目，其首席执行官正敦促联邦政府修改碳信用政策，以释放对其独特技术的重大投资。Entropy 公司正在为其 Glacier 项目的最大商业阶段进行调试，该项目配备了从加拿大最大的天然气处理厂之一及其附属燃气轮机中捕集二氧化碳排放的设备。该轮机为工厂提供电力，并可向阿尔伯塔省电网供电。在这一专利工艺的最终阶段，捕集到的 CO2 与溶剂结合并被注入地下。该公司得到了 Advantage Energy Ltd.、Brookfield Asset Management Ltd. 和 Canada Growth Fund 的支持，后者还在 2023 年达成协议，以保证价格购买该项目的碳信用。Brookfield 的首个全球转型基金（全球最大的影响力基金之一）是 Entropy 的早期支持者，在 2022. 投资了 $300 百万。首席执行官 Sanjay Bishnoi 表示，随着技术的规模化，Entropy 计划在低碳能源需求激增的情况下，将该技术推广到其他地点。两个关键目标是耗电量巨大的数据中心（其中许多被设计为使用燃气发电），以及阿尔伯塔省的油砂区（在那里，生产商已承诺在增加产量以填充拟建的西海岸管道时，安装碳捕集技术）。Bishnoi 先生在一次采访中表示：“我们认为在 Glacier 项目中证明的成果，可以为这两个重要工业领域提供一个重要的蓝图。”随着第一个大型设施投入运行，每天捕集超过 400 吨 CO2，Entropy 的高管表示，公司看到了在其他天然气厂建立多达 5 个类似规模设施的机会，潜在投资额达 $1-billion。该扩张的一个障碍是阿尔伯塔省的碳定价，在当前体制下，该定价过低，无法在经济上支撑这些工厂的建设。Entropy 呼吁渥太华微调其政策，允许信用额在针对运输燃料的市场中交易，后者的价格要高得多。该公司分阶段建设 Glacier 项目以验证其技术。最新阶段
近年来私有品牌产品的知名品牌——Bank 先生表示，Loblaw 仍然观察到了购买模式的转变。 其中一个例子是该公司 No Frills 和 Maxi 折扣店的冷冻蔬菜销售额增长了约 5%。 这家全国最大的杂货商将继续从这些趋势中获益，并扩大门店规模，以从竞争对手那里争取更多客户。 总部位于安大略省布兰普顿的 Loblaw 此前表示，计划今年开设 30 到 40 家新折扣店。在 Loblaw 第二季度开设的 14 家新杂货店和药店中，有一半是折扣形式。 “客户们正在寻求越来越多的性价比，更多
Entropy 正在为其位于阿尔伯塔省 Saddle Hills 县的 Glacier 项目最大商业阶段进行调试，该项目配备了从加拿大最大的天然气处理厂之一及其附属燃气轮机中捕集二氧化碳排放的设备。
在加拿大增长基金（Canada Growth Fund）提供 $200-million 的可转换债券融资后，该项目得以推进。它还同意以每吨 $86.50 的价格（随通货膨胀上涨），在 15 年内每年购买最多 185,000 吨根据阿尔伯塔省工业定价系统产生的信用额度。
环境智库 Pembina 研究所的石油和天然气项目负责人 Janetta McKenzie 表示，Entropy 对碳捕集的投资是一个积极的步骤。然而，她补充道，由于近期阿尔伯塔省技术创新与减排（TIER）碳定价系统（目前已在全国范围内应用）的变更，该项目的经济效益受到了损害。
根据省政府与渥太华方面在谅解备忘录下最近签署的执行协议，阿尔伯塔省的工业碳定价系统设有底价，范围从 2030 年的每吨 $60 到 2040 年的 $110。
“由于阿尔伯塔省政府和联邦政府同意采用较低且较慢的碳价轨迹，在可预见的未来，加拿大增长基金可能需要使用公共资金为 Entropy 补足碳收益，”McKenzie 女士说。
与此同时，Bishnoi 先生表示，加拿大《清洁燃料条例》下的信用额度售价超过每吨 $400，这一水平将支持新投资。这类信用额度是由添加进口乙醇的炼油商产生的。
在 2016, 年美国总统唐纳德·特朗普首次赢得选举之前的准备阶段，他多次誓言要“排干”华盛顿的“沼泽”。随着特朗普的第二个任期由激进的关税行动主导，包括他最近威胁要对 $20-billion 的加拿大商品征收 50-per-cent 的关税，华盛顿现在比以往任何时候都充斥着试图影响贸易政策的游说者。根据美国联邦申报文件，第二季度，被客户雇佣处理关税问题的游说者为其工作赚取了超过 US$10-million。这比 2025, 年同期增加了约 10-per-cent，当时特朗普在解放日推出了注定失败的紧急关税；而与 2024. 年相比，则激增了八倍。在某些情况下，游说申报文件与特朗普政府最近根据第 338, 条采取的特定行动之间可以划出直接的联系，这些行动
表面上旨在针对加拿大在美国汽车、乳制品和酒精产品方面的贸易壁垒。总部位于华盛顿的国际乳制品食品协会（International Dairy Foods Association）在过去的六个季度中一直推动“执行针对加拿大的乳制品贸易壁垒”。总部位于肯塔基州路易斯维尔的 Brown-Forman Corp.（Jack Daniels 的所有者）多次就针对美国威士忌的“报复”进行游说，尽管并未提及大多数省份对美国酒精产品的禁令。然而，近期许多游说活动旨在降低加拿大商品的关税，或主张续签《美国-墨西哥-加拿大协定》，但效果甚微。美国水泥协会（American Cement Association）、玩具协会（Toy Association Inc.）和国家住宅建筑商协会（National Association of Home Builders）最近都就关税问题进行了游说，并公开警告称关税正在推高美国消费者的价格，但 338 关税仍然打击了每个部门的产品。即使
关税游说活动激增，但申报文件并未捕捉到美国公司从白宫获得保护性措施最直接的方式：直接接触特朗普或其核心圈子。例如：在 Matthew Moroun（其家族拥有大使桥）2 月份给商务部长 Howard Lutnick 打电话仅数小时后，特朗普延迟了戈迪·豪国际大桥（Gordie Howe International Bridge）的开通——该桥同样跨越底特律河。游说记录显示，这家美国桥梁公司上一次游说华盛顿是在 2016. 年。JASON KIRBY
“……以及更多折扣，”Bank先生表示。
同店销售额——该行业的一个重要指标，用于跟踪剔除新店开业影响后的销售增长——在Loblaw的 किराने店增长了1.6 per cent。这代表其增长速度低于去年同期，当时食品同店销售额增长了3.5 per cent。
但折扣店的表现优于公司的其他品牌，No Frills和Maxi在当季的同店销售额增长了近4 per cent。
Loblaw报告称，其可供普通股东分配的净收益在第二季度增长至$751-million，或稀释后每股收益64 cents；而去年同期为$714-million，或稀释后每股59 cents。
截至6月20日止的季度中，营收增长至$15.3-billion，与去年同期相比增长4.1 per cent，原因是顾客光顾商店的频率增加，且每次光顾购买的商品数量也增加了。
Shoppers Drug Mart报告的同店销售额增长为4.6 per cent，这主要由特种药处方、治疗慢性病的药物以及其他药房销售和医疗保健服务的收入所驱动。
高管们表示，尽管这款重磅减肥和糖尿病药物的通用名药物已开始进入市场，但GLP-1类药物的销售依然强劲。在丹麦制药商诺和诺德（Novo Nordisk）在加拿大销售Ozempic和Wegovy的剩余市场保护期于1月到期后，通用名司美格鲁肽（semaglutide）正式合法化。
由于一家印度工厂出现生产问题，导致至少两家希望增加司美格鲁肽产量以满足全球增长需求的公司出现延迟，因此加拿大通用名Ozempic的供应量低于预期。
尽管存在这些短期问题，但此类药物的销售预计将显著增长。Loblaw高管周四表示，到目前为止，通用名GLP-1类药物较低的定价已被更高的销售量所抵消。
“我们的数据告诉我们，明年GLP-1的销售额——尽管价格下降——在金额上应实现两位数增长，”首席财务官理查德·杜弗雷恩（Richard Dufresne）在与分析师讨论业绩的电话会议上说道。
TC ENERGY 第二季度利润超出预期
……对汽油和柴油适用，但不适用于炼制过程中使用的天然气。 该公司表示，目前正与渥太华方面就更改此项规定进行洽谈。 “我们认为，这不仅在哲学上与[Entropy]试图在这里实现的目标一致，而且也符合‘建设加拿大’（Build Canada）的论点，即启动更多此类项目并将价值保留在加拿大境内，”Bishnoi先生表示。
联邦政府表示，碳捕捉是其《清洁燃料法规》中可以产生信用额度的多项活动之一，但前提是必须在液体燃料生产中实施。加拿大环境与气候变化部发言人布兰登·克利姆（Brandon Clim）表示，天然气不符合条件。 “这确保了CFR的重点仍然放在减少排放以及在交通领域部署创新解决方案上，例如可再生柴油、共处理和氢燃料电池汽车，”克利姆先生在声明中说。
碳捕捉的批评者认为，能源行业将其作为遮羞布，以便持续增加化石燃料的生产和使用，从而加剧与气候相关的灾难。但Bishnoi先生表示，这项技术属于一系列脱碳方案之一。“我们确实认为这是可以规模化实施的。我们不认为它是减少二氧化碳排放的100 per cent解决方案，但我们认为它是工具箱中一个重要的工具，并且发挥着重要作用，”他说道。
TC Energy Corp. 周四公布的第二季度利润超出预期，并批准了在北美范围内价值约 $700-million 的天然气管道扩建项目，其中包括两项旨在满足发电需求增长的美国项目。
电力消费的激增，特别是来自 AI 驱动的数据中心，刺激了对天然气发电厂的需求，促使 TC Energy 等管道运营商扩大产能。
这家总部位于卡尔加里的公司预测，到 2035, 北美天然气需求每天将增长约 1.4 billion 立方米，高于此前预测的 1.3 bcsm。
TC 天然气管道首席运营官 Tina Faraca 表示，TC 预计到 2035, 北美天然气发电量将从此前预测的 1.5 bcsm 增长至 1.7 bcsm。
“需求集中在美国中西部、加拿大西部和墨西哥，我们在这些地区拥有既有优势，”Faraca 女士说道。
TC Energy 计划在弗吉尼亚州中部项目上投入 $300-million，以增加哥伦比亚天然气（Columbia Gas）系统高达 0.01 bcsm 的产能。
公司将在 Clark 项目上投入 $100-million，以为一座现有的天然气发电厂在哥伦比亚湾（Columbia Gulf）系统增加高达 0.08 bcsm 的管道产能。
该公司还批准了 $100-million 用于扩建其在加拿大的 NGTL 天然气管道系统。
NGTL 和 Clark 项目预计将于 2028 年投入使用，而弗吉尼亚州中部项目的投入使用日期为 2028 和 2030。
根据 LSEG 汇总的数据，TC Energy 第二季度调整后每股收益为 94 分，高于分析师平均预期的 83 分。
其加拿大天然气管道业务的季度利润增长约 4.1%，达到 $961-million。路透社
[[IMG_XXXX]] 一架 Saab GlobalEye 飞机的模型在 5 月于渥太华举行的加拿大国防与安全工业协会贸易展上展出。JUSTIN TANG/THE CANADIAN PRESS
庞巴帝正在寻找新址
这家总部位于蒙特利尔的公司正在寻找一个加拿大的场地，以对应堪萨斯州威奇托的规模。
NICOLAS VAN PRAET 蒙特利尔
由于其产品和维护服务的需求强劲，庞巴帝公司（Bombardier Inc.）正致力于扩大其军事能力，目前正在加拿大境内寻找建设新国防业务制造工厂的场地。
这家总部位于蒙特利尔的公司本周派遣了一个团队，在加拿大寻找一个能够与其在堪萨斯州威奇托现有的国防制造业务相对应的场地，首席执行官 Éric Martel 在周四的分析师电话会议上表示。他随后告诉记者，关于启动该设施的最终投资决定可能会在年底前做出。
该工厂将对军事飞机平台进行相关工作，例如庞巴帝与 Hensoldt 及汉莎技术国防（LuftCansa Technik Defense）合作，为德国空军和网络司令部制造侦察机。在威奇托，庞巴帝负责供应机身并对飞机进行结构修改，然后将其移交给德国进行完工。
Martel 先生表示，他的团队正在与另一家合作伙伴——瑞典的 Saab 公司讨论在双方合作的 GlobalEye 侦察机计划中承担更大份额的生产，以此从该联盟中获取更多经济价值。这些额外的工作可以在新的加拿大工厂中完成。
目前，庞巴帝在 GlobalEye 计划中的角色仅限于交付机身并提供工程协作。Saab 是主制造商和系统集成商，负责制造雷达、传感器和指挥控制系统。
随着军费开支的增长，人们对 GlobalEye 的兴趣日益增加。北大西洋公约组织在本月早些时候宣布，将与 Saab 开启采购最多 10 架 GlobalEye 的谈判。
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法律公告 股息
起诉声明通知 致：VIJAYKARAN SANDHU，亦称 VIJAYKARAN SINGH SANDHU， 亦称 VIJAYKARAN S. SANDHU，亦称 VIJAY SANDHU，亦称 VIJAY SINGH SANDHU，以其个人身份以及其作为 FRATEHAUL INC. 董事的身份。
地址：艾伯塔省，卡尔加里
请注意，根据艾伯塔省国王法院的命令（即“替代送达令”），现向您送达国王法院第 2501-12733 号案件的起诉声明，案件为：Daimler Truck Financial Services Canada Corporation 诉 Fratehaul Inc. 以及 Vijaykaran Sandhu（亦称 Vijaykaran Singh Sandhu，亦称 Vijaykaran S. Sandhu，亦称 Vijay Sandhu，亦称 Vijay Singh Sandhu）。
根据替代送达令，本通知发布 5 天后，起诉声明即视为送达。
欲了解更多详情，请联系原告代理律师：Emma Aspinall, Dentons Canada LLP, 850 – 2nd Street SW, Calgary, Alberta。
飞机每架目录价为 €550 百万。本周，萨博（Saab）宣布接到了另一份来自中东某未具名客户的订单。“我们绝对在考虑扩大规模，”马特尔（Martel）先生周四表示。“这非常有意义。我们制造这款飞机，我们比任何人都更了解这款飞机。”这位首席执行官对两家公司在萨博的“格里芬”（Gripen）战斗机上建立合资企业的可能性则持冷淡态度。萨博希望在瑞典境外进一步扩大这款超音速战斗机的产能，并提出建议，如果联邦政府为加拿大武装部队购买该飞机，可以在加拿大获得许可进行制造，渥太华方面目前正在考虑此事。巴西也存在类似的协议，当地飞机制造商 Embraer SA 正在组装 15 架格里芬战斗机，作为该国首批 36 架飞机订单的一部分。马特尔先生表示，如果需要，庞巴迪（Bombardier）将愿意在格里芬项目上支持萨博。但他表示，庞巴迪自身工厂的产能已经捉襟见肘，而且加拿大还有其他公司也可以承担组装工作。“并不是说我有很多可用空间和劳动力。我们所有的项目都处于增长模式，”这位首席执行官说。“因此，仅仅为他人进行组装对我们来说吸引力较低。”一家可能介入的公司是加拿大德哈维兰飞机有限公司（De Havilland Aircraft of Canada Ltd.），该公司或许以其标志性的黄色水上灭火飞机和耐用的丛林飞机而闻名。这家总部位于卡尔加里的飞机制造商的企业事务负责人尼尔·斯威尼（Neil Sweeney）上个月告诉《环球邮报》，该公司正就该机会与渥太华和萨博进行洽谈。“我们想在加拿大西部制造格里芬战斗机，”他说。五月份，总理马克·卡尼（Mark Carney）表示，加拿大将与萨博进行谈判，购买数量未定的 GlobalEye 飞机，选择非美国供应商是为了履行减少购买美国军事装备支出的承诺。他还在考虑是否削减加拿大 88 架美国产飞机的订单。
我们绝对在考虑扩大规模。这非常有意义。我们制造这款飞机。我们比任何人都更了解这款飞机。
制造 F-35 战斗机，转而购买 Gripen。马特尔先生表示，除了建立自己的网络外，庞巴迪还在探索通过收购来加强其国防业务。该部门在 2025 年产生了 10 亿美元（US$1-billion）的收入，比公司的内部预期提前了五年。庞巴迪公司（Bombardier Inc.）在报告强劲的第二季度收益（超过分析师预测）并创下 15 年来最低的长期债务水平之际，国防方面的进展也随之而来。在出售火车部门以及涡轮螺旋桨和区域喷气机部门，并将 C 系列客机项目移交给空中客车公司（Airbus SA）后，马特尔先生和首席财务官巴特·德莫斯基（Bart Demosky）将对新喷气机的强劲需求转化为多年积压订单，扩大了售后服务部门并提高了营业利润率。最新季度的净利润为 1.91 亿美元（US$191-million），或每股稀释后收益 1.84 美元（US$1.84），营收为 21.5 亿美元（US$2.15-billion）。调整后净利润增长至 2.57 亿美元（US$257-million），或每股 2.50 美元（US$2.50），大幅超过分析师的预期。该公司在三个月期间交付了 32 架喷气机。自由现金流（即公司在支付运营支出和资本支出后产生的资金）在本季度达到了 2.28 亿美元（US$228-million），而已预订但尚未交付的订单价值为 218 亿美元（US$21.8-billion）。该制造商表示，其仍有望实现年度指引。该股在过去一年中上涨，庞巴迪目前的市值已突破 360 亿美元（$36-billion）。投资者现在的注意力似乎更多地集中在评估公司的前景和价值，而非管理层的执行力。国家银行（National Bank）分析师卡梅伦·多尔森（Cameron Doerksen）在本月的一份研究报告中表示：“坦率地说，我们对该股如此强劲感到惊讶。依托强劲的商务喷气机市场基本面和国防业务日益增强的势头，我们继续看好庞巴迪的增长，但在我们看来，估值仍然偏高。”
ÉRIC MARTEL 庞巴迪 首席执行官
股息通知 特此通知，Centerra Gold Inc. 董事会已宣布每股普通股派发 0.07 加元（Cdn$0.07）的股息，将于 2026 年 9 月 2 日支付给截至 2026 年 8 月 19 日登记在册的股东。
该股息为加拿大所得税用途的合格股息。
股息 特此通知，已宣布以下股息。除非另有说明，所有金额均为加元。
| 发行方 | 证券类别 | 股权登记日 | 支付日期 | 利率 |
|---|---|---|---|---|
| Enbridge Inc. | 普通股 | 2026年8月14日 | 2026年9月1日 | $0.9700 |
| Enbridge Inc. | 优先股 A 系列 | 2026年8月14日 | 2026年9月1日 | $0.34375 |
| Enbridge Inc. | 优先股 B 系列 | 2026年8月14日 | 2026年9月1日 | $0.32513 |
| Enbridge Inc. | 优先股 D 系列 | 2026年8月14日 | 2026年9月1日 | $0.33825 |
| Enbridge Inc. | 优先股 F 系列 | 2026年8月14日 | 2026年9月1日 | $0.34613 |
| Enbridge Inc. | 优先股 G 系列 | 2026年8月14日 | 2026年9月1日 | $0.30247 |
| Enbridge Inc. | 优先股 H 系列 | 2026年8月14日 | 2026年9月1日 | $0.38200 |
| Enbridge Inc. | 优先股 I 系列 | 2026年8月14日 | 2026年9月1日 | $0.27789 |
| Enbridge Inc. | 优先股 L 系列 | 2026年8月14日 | 2026年9月1日 | $0.36612 US |
| Enbridge Inc. | 优先股 N 系列 | 2026年8月14日 | 2026年9月1日 | $0.41850 |
| Enbridge Inc. | 优先股 P 系列 | 2026年8月14日 | 2026年9月1日 | $0.36988 |
| Enbridge Inc. | 优先股 R 系列 | 2026年8月14日 | 2026年9月1日 | $0.39463 |
| Enbridge Inc. | 优先股 1 系列 | 2026年8月14日 | 2026年9月1日 | $0.41898 US |
| Enbridge Inc. | 优先股 3 系列 | 2026年8月14日 | 2026年9月1日 | $0.33050 |
| Enbridge Inc. | 优先股 4 系列 | 2026年8月14日 | 2026年9月1日 | $0.29427 |
| Enbridge Inc. | 优先股 5 系列 | 2026年8月14日 | 2026年9月1日 | $0.41769 US |
| Enbridge Inc. | 优先股 7 系列 | 2026年8月14日 | 2026年9月1日 | $0.37425 |
| Enbridge Inc. | 优先股 9 系列 | 2026年8月14日 | 2026年9月1日 | $0.35450 |
| Enbridge Inc. | 优先股 11 系列 | 2026年8月14日 | 2026年9月1日 | $0.34231 |
| Enbridge Inc. | 优先股 13 系列 | 2026年8月14日 | 2026年9月1日 | $0.33719 |
| Enbridge Inc. | 优先股 15 系列 | 2026年8月14日 | 2026年9月1日 | $0.35163 |
| Enbridge Inc. | 优先股 19 系列 | 2026年8月14日 | 2026年9月1日 | $0.38825 |
收到私有化报价
詹姆森·伯科 (JAMESON BERKOW) 资本市场记者
GFL Environmental Inc. 正在评估多项将其私有化的报价，首席执行官帕特里克·多维吉 (Patrick Dovigi) 称该报价价格比目前的市场价值“显著更高”。在《环球邮报》和其他媒体报道 GFL 已有至少两方就潜在私有化事宜与其接触数周后，这家加拿大废物管理巨头于周四确认，已收到多项未经请求的意向表达。目前市场价值约为 $20.9 十亿的 GFL 已成立一个由董事会独立成员组成的特别委员会来审查这些报价。
“我觉得这在某种程度上证明了，我认为我们创造的所有内在价值已经吸引了其他人与我们接触，他们提出以一个显著高于公司目前交易价格的数字将公司私有化，”多维吉先生在周四上午与分析师讨论公司第二季度财务业绩的电话会议上表示。“真正的问题是，在私有状态下，你是否可以更快地完成那些在公开市场中未必能如此迅速完成的事情。”
多维吉先生通过其多票表决权股份控制该公司约四分之一的股权，这意味着任何正式的收购 GFL 报价如果得不到他的支持，可能难以成功。在电话会议上，他表示在接触公司的各方中，其中一方提出了一个条件，要求多维吉先生将其股权滚动投资（roll over），这意味着他将继续担任大股东而非套现退出。“在座的各位大多数都知道，我不是卖家，”多维吉先生说。“我在 40 [美元每股] 时不是卖家。我在 50 时不是卖家。我在 60 时不是卖家，在 70 时也不是卖家，我会将我的股权 100 比率滚动投资到任何拟议方案中。”
该公司股票在纽约证券交易所的午后交易中上涨 3.9 %，至每股 41.81 美元 ($41.81)。GFL 在其成立的大部分时间里都是一家私有公司。它由多维吉先生于 2007, 年创立，直到 2020. 年 3 月才在多伦多和纽约上市。随着时间的推移，包括 Roark Capital、HPS Investment Partners、安大略省教师退休金计划 (Ontario Teachers’ Pension Plan) 和 BC Partners 在内的私有支持者，资助了其长期的通过收购实现增长的策略，使多维吉先生能够快速扩大业务规模。
“我对私募股权领域非常精通，”多维吉先生在通话中表示，并提到在最终将 GFL 公开上市之前，他曾六次利用私募股权投资对公司进行资本重组。作为一家上市公司，GFL 面临的审查显著增加。今年 4 月，在宣布一项 $5.4 十亿计划以收购总部位于卡尔加里的 Secure Waste Infrastructure Corp. 后，分析师多次就此逻辑质询多维吉先生及管理团队其他成员，GFL 股价在交易宣布当天下跌了 10%。多维吉先生表示，与 GFL 接触探讨潜在私有化的两方中，“有人对 Secure 进行了大量研究，并认为 Secure 是一次极佳的收购”。
本月早些时候，《环球邮报》报道称，GFL 最近与美国私募股权公司 Apollo Global Management Inc. 就潜在投资进行了洽谈。Apollo 和 BC Partners 在 2025. 年初以 $6.2 十亿收购了 GFL 环境服务部门的多数股权。GFL 周四未立即回应关于 Apollo 是否在提出私有化报价的各方之列的置评请求。
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欧洲在与美国达成协议一年后再次面临威胁
美国找到了一种特殊的方式来庆祝其与欧盟历史性贸易协定的一周年：送上了一份名为“新威胁”的礼物。
7月 27 日，标志着美国总统 唐纳德·特朗普 与欧盟委员会主席乌苏拉·冯德莱然在苏格兰特恩贝利达成一项大受瞩目的贸易协议一周年。在此之前，他在当地的豪华度假村打了一场高尔夫球。
这项协议被命名为《特恩贝利协议》，尽管它被定性为一份“关于互惠、公平和平衡贸易的合作协议”，但实际上它是对特朗普贸易战的一次不对等的停战。
该协议对大多数欧盟商品的美国关税设定了 15% 的上限。作为回报，欧盟承诺取消对美国工业产品的关税，并提高多种美国农产品和海产品的市场准入，以及提供其他让步。
作为拥有 27 个成员国的欧盟的执行机构，欧盟委员会试图通过主张该协议将恢复其与最大贸易伙伴美国在贸易和投资关系中的“稳定性和可预测性”来减轻批评。
“这是一项强有力的协议，但并不完美，”冯德莱然女士表示。
GREG GREER
ATB Cormark Capital Markets 固定收益、货币及商品主管
是在市场波动中等待明确的信号，还是抓住机会采取行动。加拿大企业一直面临这一选择，2026 年的前六个月也不例外。
上半年的主旋律依然是贸易争端、地缘政治冲突、通货膨胀和能源波动，这些话题占据了头条新闻。显然，不确定状态将继续持续，企业需要在这个“新常态”中通过克制且有纪律的行动来寻找慰藉。
然而，在头条新闻背后，加拿大拥有一些独特的优势，这为 2026 年剩余时间及未来提供了潜在的增长和投资机会。
该国的长期借贷成本保持稳定，全球投资者对加元债券发行版本的参与表明，加拿大仍然是资本的安全目的地。由于全球不确定性和利率差异，加元有所贬值，但这种下跌是有序的。
JEREMY DIETZ
ClearMarket 创始人，一家为预测市场提供参考数据的公司，曾在加拿大资本市场深耕 20 年
今年夏天，加拿大人可以合法地交易美国联邦储备委员会（Fed）是否会降息，或者 8 月是否会打破高温记录。许多人将此归类为一种新形式的赌博。有人告诉我，这是文明社会持续衰落的又一步。无论如何，加拿大的监管机构已经为预测市场的交易扫清了障碍。
对于初学者来说，预测市场允许投资者就某个事件是否会发生进行投注。事件范围涵盖体育、娱乐、天气、金融市场——简直是任何可以输出“是”或“否”结果的事物。诚然，体育博彩在预测市场中仍占据主导地位。但如果你仔细观察，
[[IMG_XXXX]] 美国总统 唐纳德·特朗普（右）在 2025 年 7 月于苏格兰特恩贝里的一次美欧贸易公告后，与欧盟委员会主席乌尔苏拉·冯德莱恩会面。EVELYN HOCKSTEIN/路透社
在去年 8 月由《马耳他时报》发表的一篇评论文章中写道。这段经常被引用的文字现在看来并不乐观。
就在特恩贝里协议一周年纪念日前几天，美国向欧盟抛出捏造的指控并威胁将引发贸易动荡——与此同时，还将自己描绘成受害者。
在加拿大寻求推进其与美国的贸易谈判之际，这次大西洋两岸贸易紧张局势的最新升级具有启发意义。华盛顿方面表示，希望在今年年底前与加拿大和墨西哥达成临时协议。
然而，欧盟通过惨痛的教训发现，与
（此处衔接）和在贸易中断与错位时期能提供帮助的工具。虽然可以说能源部门面临的挑战最大，但它也蕴含着最大的机遇。对于能源而言，中东冲突已使波动性成为了标准运作模式。为了保持最新状态，交易员必须关注海上的实时进展、存储水平和运输渠道，同时将这些与政治辞令的真实性进行对比，从而对能源定价和供应做出判断。
对于一直在积极监测事件的加拿大生产商来说，动荡为他们提供了一个机会，利用增加的现金流投资于新机会并强化资产负债表。
值得注意的是，中东持续的冲突证明了维持全球供应安全的重要性。这使加拿大处于有利地位：我们拥有强大的资源基础，可确保可靠的供应，并能优先进入全球最大消费国美国。然而，由于现有基础设施和市场准入的限制，我们无法充分利用全球范围内增加的需求。
这种情况需要改变，令人鼓舞的是，联邦政府与省政府之间在应对这些挑战方面重新达成一致。能源部门的扩张为加拿大提供了最强有力的机遇。虽然开发——
我们可以看到一种新型的市场数据正在兴起。这是因为预测市场正开始成为投资者、企业主或任何关注未来结果的人所使用的对冲工具和预测信号。
以 Kalshi 为例，它是两家主导的预测市场交易平台之一。该平台创建了一个政治指数，利用其众多的政治市场来追踪美国民主党和共和党候选人的情绪。如果用户押注民主党获胜，其“美国权力指数”（American Power Index）随之波动。对于任何关注民调或政治风险的人来说，这些数据都非常有用。
Kalshi 还宣传了一家洛杉矶的冰淇淋店，该店购买了与天气相关的合约，当天下雨导致销售额低迷时，合约将获得赔付。同样，有一家体育酒吧在纽约尼克斯队赢得 NBA 冠军时提供免费饮料，而这些免费啤酒的成本则通过一份在尼克斯队获胜时获得赔付的合约进行了对冲。
这些是无需通过保险公司或银行产品即可实现的“夫妻店”式对冲。当然，其中大部分是营销手段和个别案例，但人们已开始意识到未来的趋势：来自足够自信地在选举中下注的用户所提供的政治数据；直接通过平台对冲商业风险——类似于通过在线经纪商交易股票；以及更广泛地，一种可以为预测和投资提供参考的新型前瞻性数据流。
事实上，美国联邦储备局最近的一项分析发现，Kalshi 的利率预测击败了期货市场，其标题通胀预测则击败了华尔街的共识。正如人们所说，这是“群众的智慧”。机构投资者也开始关注。最近的一项 Coalition Greenwich 调查显示，72% 的机构认为预测市场将为投机全球及金融事件提供新工具。
为什么要购买奇异衍生品来……
即使在所谓的历史性贸易协定生效时，美国依然如此。 教训 No. 1：忠诚度是虚构的。为了证明唐纳德·特朗普政府撮合的任何协议都不过是一张废纸，美国贸易代表 Jamieson Greer 在 7 月 23 日发表了一份措辞激烈的声明，警告跨大西洋贸易处于风险之中。
他的理由是什么？欧洲委员会竟然敢因为谷歌违反其《数字市场法》而对其处以 €890 罚款，或相当于约 $1 亿元。Greer 先生指责欧洲人通过此次及其他行动，采取“日益激进的方式针对美国科技公司”，并称这些行为“代表了……
……管道等基础设施的建设和液化天然气出口的扩张在短期内不会产生影响，但为未来而建设是增长最清晰的路径。
至关重要的是，政府支持力度增加带来的动力正与一个有利的融资窗口期相吻合。加拿大被认为是一个稳定且可靠的合作伙伴。这一声誉，加上全球对能源及其他关键大宗商品的需求，为增加投资和扩大出口能力提供了机遇——从而为整个经济产生效益。
当前的加拿大债券市场提供了坚实的基础。尽管市场一度对能源定价、地缘政治冲突和贸易感到焦虑，但加拿大债券收益率在很大程度上已回到了年初的水平。这表明投资者和发行人都处于一个可预测且支持性的环境中。
今年迄今为止，外资发行人在加元债券中投入的超过 $33 亿元资金表明，目前有可用资金进行投资。非居民在加拿大证券中投入的约 $58 亿元资金则显示出他们对加拿大经济的信心。
投资环境的一个基石是加拿大银行及其货币政策，该政策将短期利率维持在低位，并使核心通胀……
“事实上是一种强制性的技术转移和知识产权盗窃。” 如果这还不够糟糕，他的老板还誓言要通过更多关税进行报复。 “美利坚合众国不是欧洲的‘存钱罐’，我们也不会允许它成为存钱罐！”特朗普先生在 his Truth Social 平台上的一篇帖子中写道。 “欧盟将为此类非法且高度不道德的行为付出沉重的代价，我一直对此警告他们。处罚将完全反转，并且我们预计，将在最早可能的时刻对他们征收一项实质性的关税。请保持关注！” 教训之 2：卑躬屈膝是没有意义的。
当你可以直接购买与该风险敞口挂钩的事件合约时，为什么还要对冲宏观风险？当然，对于这个群体来说，流动性和杠杆目前还不足。 但你可以开始理解其中的潜力。以及为什么洲际交易所 (Intercontinental Exchange)、摩根士丹利 (Morgan Stanley) 等机构一直寻求在世界上前 2 大预测市场交易所中持有股权。 尽管该行业在增长且受到关注，但成长的阵痛依然真实存在。有些案例中，投机者利用内部信息采取行动。还有一些情况是，决定市场结果的来源被操纵了。那个使用吹风机来提高巴黎机场温度读数的人尤其令人难忘。 到目前为止，最大的问题是支撑合约的细则。决定合约如何赔付的措辞需要依赖比“可靠报道的共识”更明确的东西。
欧盟上周试图安抚特朗普先生，公开表示对于华盛顿因欧盟被指未能执行禁止进口强迫劳动产品而征收的新 10% 关税表示认可。 据已发表的报道，欧盟委员会副首席发言人奥洛夫·吉尔 (Olof Gill) 表示：“欧盟积极注意到，这一结果符合在欧盟-美国联合声明下达成的美国关税承诺。” 当然，美国绝不会违背诚信。 特朗普先生此前威胁要切断与欧盟成员国西班牙的贸易，并对反对美国接管格陵兰岛的欧洲国家征收 10% 的关税，显然也符合特恩伯里协议 (Turnberry Agreement)。 教训之 3：保障措施不足。 尽管欧盟努力预先防止美国进一步干扰，但大西洋两岸的贸易动荡完全有可能发生。 没错，欧盟引入了保障和暂停机制，使其能够在某些不利情况下重新对美国产品征收关税。 这些情况包括华盛顿违反 15% 的关税上限，或者如果它“以其他方式破坏了欧盟与美国之间的贸易和投资关系”。 但这些保障措施可能无法阻止美国违反特恩伯里协议。如今在华盛顿，诚信是稀缺资源。 如果特朗普先生在签署里程碑式协议后仍毫无顾忌地对抗欧盟，那么他与加拿大达成的任何临时协议都只能保证未来出现更多的贸易混乱。
接近 2% 的目标。在增强我们国家信誉的同时，这也有助于稳定长期借贷成本，而这对于大多数重大项目至关重要。
值得注意的是，这些条件表明这是一个有利的融资窗口，而非增长条件。受控的通胀和投资者的需求表明，加拿大公司和政府在为重大项目投入资本方面拥有可靠的基础。能否利用这一机会，取决于从政府间协议到实际动工的执行力。
在不可预测的时代，人们可能会倾向于等待贸易、通胀或地缘政治趋于稳定。然而，显而易见的是，我们必须接受不确定性已成为我们商业环境的一个永久特征。现在正是落实融资、识别并管理风险领域，以及以长期战略心态启动项目的时机。
清晰度将依然难以捉摸。头条新闻将继续影响市场。更重要的问题是，加拿大企业是否准备好利用这些市场提供的机遇。加拿大在信誉、多样化和信心增长的态势下进入 2026 年下半年。通过正确的准备和更强的紧迫感，这一地位可以成为更强劲、更持久增长的基础。
事实上，我们的数据显示，大约 40% 的涉入资金依赖于那些从未明确说明由哪个来源决定结果的合约。
不出所料，这导致了诉讼和其他争议。当然，也没有评级机构来评估预测市场合约的质量。
尽管如此，人们仍有理由对这一新兴的数据类别持乐观态度。Kalshi 自身的首席执行官表示，大约 80% 的用户根本不进行交易。相反，他们是来查看赔率的。而这代表了预测市场的真正潜力。
硅谷有一句话，某些起初看起来像玩具的东西，偶尔会出乎主流大众的意料，从而变成大生意。预测市场就具有这种样子。
它们现在需要的是成长：清理决定谁获得支付的语言，我们将看到这个博彩场所变成一个真正的数据业务和风险管理工具。
尽管季度亏损， 这家总部位于蒙特利尔的 服装制造商上调了 2026 年展望，并宣布 已达成出售 HanesBrands Australia 的协议
TARA DESCHAMPS
美国总统 唐纳德·特朗普 被 推翻的关税政策可能会为 Gildan Activewear Inc. 带来 $220-million 的资金回笼，但 这笔资金 可能 不会 惠及 消费者。 这家总部位于蒙特利尔的 公司生产空白服装，并 拥有 Hanes、 American Apparel 和 Playtex 品牌， 于周四 披露了 其预计追回的金额。 这些资金是美国当局在 去年收取的，当时 特朗普对部分进入美国的 进口商品征收了 10-per-cent 的 全球关税。美国 最高法院在今年 2 月 宣布这些关税违宪并将其 撤销，导致此前支付了 这些关税的企业获得退款。 Gildan 表示，其退款 不太可能转嫁给 客户，因为在关税实施 且公司成本上升的 同时，该公司并未将价格 提高到最高可能的幅度。 “棉花、能源的价格 已经上涨，劳动力成本也在 上升，因此环境中 仍存在大量的结构性 通货膨胀，” 首席执行官 Glenn
[[IMG_XXXX]] 本月人们在纽约华尔街行走。商务部表示，美国 GDP 增长率从 2026, 前三个月的 2.1 per cent 开始放缓。SPENCER PLATT/GETTY IMAGES
放缓至 1.5%
保罗·怀斯曼 (PAUL WISEMAN) 华盛顿报道
从 4 月到 6 月，美国经济以 1.5% 的缓慢速度增长，进口增加拖累了增长，但消费者继续支出。此外，美联储最青睐的通胀衡量指标在上个月的增速有所放缓。但在中期选举（距离现在不到 100 天）前夕，美国人对高生活成本感到沮丧，该指标仍高于央行 2% 的目标。
美国商务部周四报告称，美国国内生产总值（GDP）——即该国的商品和服务产出——的增长速度从 2026, 年前三个月的 2.1% 下降，低于经济学家的预期。但消费者支出（约占美国经济活动的 70%）以 3.2% 的年率增长，高于 1 月至 3 月期间的 0.5%。
一个衡量经济潜在实力的指标（剔除了波动的政府支出和贸易数据）表现良好，以 3.9% 的年率增长，高于 1 月至 3 月的 1.7%。
除住房外的商业投资以 8.4% 的速度增长，低于 1 月至 3 月的 10.6%，但依然强劲，反映出人工智能投资的激增。
由于 GDP 旨在仅计算在美国境内生产的产品，因此进口额在经济数据中被减去。进口以 11.5% 的速度增长，部分原因是计算机芯片及其他支持 AI 投资产品的出货量激增。进口导致第二季度 GDP 增长率降低了 1.5 个百分点。
“消费者挽救了这个季度，”惠誉评级 (Fitch Ratings) 美国经济主管奥卢·索诺拉 (Olu Sonola) 表示，“AI 投资依然是一个强有力的增长故事，但支撑其建设的进口激增提醒我们，AI 热潮并不会自动转化为对美国 GDP 同等规模的推动。”
AI 投资依然是一个强有力的增长故事，但支撑其建设的进口激增提醒我们，AI 热潮并不会自动转化为对美国 GDP 同等规模的推动。
奥卢·索诺拉 (OLU SONOLA) 惠誉评级美国经济主管
Gildan Activewear Inc. 表示，其关税退款不太可能转交给客户，因为该公司在启动关税时并未将价格提高到最高限度。 CHRISTINNE MUSCHI/加拿大新闻社 (THE CANADIAN PRESS)
加拿大新闻社 (THE CANADIAN PRESS)
支撑这一建设的是一个提醒，即“AI 繁荣并不会自动转化为对美国 GDP 的同等规模推动”。
商务部周四还表示，其个人消费支出 (PCE) 物价指数（美联储青睐的指标）上月（2025年6月）上涨了 3.7%，低于5月份 4.1% 的同比涨幅。剔除波动较大的食品和能源价格后，所谓的内核消费价格同比上涨 3.3%，与5月份 3.4% 的涨幅相比变化不大。由于汽油和其他能源产品价格下跌 9.2%，物价在5月至6月期间实际上下降了 0.1%。
PCE 物价与经济学家的预期基本一致。但物价的同比涨幅已在美联储 2% 的目标之上停滞了五年多，一些美联储官员对抗击通胀的进展感到不耐烦。
美联储在周三决定连续第五次会议维持基准利率不变。但三位地区美联储主席持异议，称他们希望提高利率以对抗高企的通胀。
面对伊朗战争及其引发的能源价格飙升，美国经济表现出惊人的韧性。就业市场在经历了平淡的 2025 年后，于今年有所反弹，使消费者拥有了消费能力。今年雇主每月平均增加 92,000 个工作岗位，而 2025 年每月增加的人数不到 10,000 个，当时高利率和美国总统 唐纳德·特朗普 捉摸不定的关税政策打击了企业的招聘意愿。
在11月的期中选举前，成本上升令美国人感到沮丧，这次选举将决定 唐纳德·特朗普 领导的共和党是否能继续完全控制国会。
Chamandy 在与分析师的电话会议上表示。 “因此我想说，在未来，我们认为结构性价格变化不一定会发生任何变动。”
相反，该公司将把关税退款中的“相当大”一部分重新投资于业务。这笔资金将分配给旨在打造公司品牌、进行市场推广以及加速产品创新和包装升级的项目。
Gildan 在公布最新季度第二季度亏损 $50-million，并宣布以约 $490-million 将 HanesBrands 的澳大利亚部门出售给 BBFIT Investments Pte Ltd. 的同一天，披露了其处理退款的方式。
该交易预计将在 2026 年下半年完成。在此之前近一年，Gildan 宣布将以 $2.2-billion 的交易价格收购 HanesBrands。
Gildan 周四宣布的亏损与一年前 $137.9-million 的利润形成对比。
来自 B1 页面
后者被市场观察人士称为“SaaS 启示录 (Saas-pocalypse)”，在过去一年中一直拖累着软件股，包括 Kneat，其股价在 3 月份曾低于每股 $3.60。
这项于 6 月宣布的交易最初遭到部分股东的反对，他们认为 Thoma 正在利用被低估的估值获利。收购价格比 Kneat 在 5 月宣布进行战略审查前的最后一个交易日高出 40%，但低于该股在 2025 年初的交易价格。
买方的管理合伙人奥兰多·布拉沃 (Orlando Bravo) 甚至在上个月宣布 “SaaS 启示录” 已经结束，并表示得益于人工智能 (AI)，软件公司将获得“巨大的助力”。
Thoma 一直是收购受软件股抛售影响的加拿大公司最活跃的买家之一，包括 Magnet Forensics Inc.、Dayforce Inc.、Absolute Software Inc. 和 Blackline Safety Corp.。
Kneat 的最大股东之一 PenderFund Capital Management（合计持有 9% 的股份）上个月表示，将对该交易投反对票。PenderFund 首席执行官大卫·巴尔 (David Barr) 当时表示，他对董事会选择在“SaaS 公司大规模抛售期间”启动战略进程感到失望。（SaaS 指的是
SPIN MASTER 在获得关税退款后取消玩具涨价计划
Spin Master Corp. 正在重新考虑其提高玩具价格的计划。
这家总部位于多伦多的公司是《汪汪队》(Paw Patrol)、Melissa & Doug 和 Hatchimals 的母公司。此前，该公司原计划通过涨价来抵消由于中东战争而在今年下半年预计产生的 1,500 万美元 (US$15-million) 额外成本。
但首席财务官乔纳森·罗伊特 (Jonathan Roiter) 现在表示，这已不再必要，因为在最高法院 2 月判定唐纳德·特朗普总统实施的 10% 全球进口关税违宪后，Spin Master 正在从美国政府那里拿回 3,790 万美元 (US$37.9-million)。
此举允许自 2025 年起支付该关税的公司申请退款。
“随着关税退款的收到，我们决定利用这些退款来抵消增加的成本，而无需提高定价，”罗伊特先生在周四解释道。
这家以美元计账的服装制造商表示，截至 6 月 28 日的季度亏损为每股 27 美分，而去年同期为每股盈利 91 美分。
按调整后计算，其最近一个季度来自持续经营业务的稀释后每股收益为 1.28 美元 (US$1.28)，高于去年同期的 97 美分。
该季度净销售额总计 15.8 亿美元 (US$1.58-billion)，高于一年前的 9.185 亿美元 (US$918.5-million)。
展望未来，该公司表示，预计 2026 年的调整后稀释每股收益将在 4.65 美元 (US$4.65) 至 4.75 美元 (US$4.75,) 之间，高于之前预测的 4.20 美元 (US$4.20) 至 4.40 美元 (US$4.40.)。
该公司还将营收设定在此前预期的 60 亿美元 (US$6-billion) 至 62 亿美元 (US$6.2-billion) 范围的低端，并预测调整后的营业利润率为 21.8%，而此前的预期为 20%。
威胁到该公司实现这些数字能力的是特朗普先生表示将对从加拿大进入美国的商品征收的新一轮 50% 关税。
这些关税将适用于广泛的商品，包括部分 T 恤和卫衣，以及部分棉制品和丝制品。预计将于 8 月 19 日生效。
GILDAN ACTIVEWEAR (GIL-T) 收盘价：$52.50，上涨 $1.25
基于云的软件即服务（SaaS）公司，这一类别涵盖了如 Salesforce、Shopify 和 Workday 等名称。）
但交易反对者在本月早些时候遭受了打击，领先的代理投票顾问公司 Institutional Shareholder Services 和 Glass Lewis & Co. 均支持该交易。
巴尔先生在周三投票后表示：“我们很遗憾失去另一家优秀的加拿大上市软件公司。埃迪和他的团队做得非常出色，我们本希望参与并长期支持他们。不幸的是，大多数加拿大投资者似乎认为，今天口袋里的 1 加元比五年后的 $10 更好。”
另一位反对该交易的投资者尼克·阿克里安（Nick Achkarian）表示，他对价格和结果感到失望。但他指出，自 6 月宣布该交易以来，软件类股票的整体表现不佳，“这提供了更具吸引力的机会”。
瑞安先生及其高级管理同事凯文·菲茨杰拉尔德（Kevin Fitzgerald）和布赖恩·阿赫恩（Brian Ahearne）正将其部分股份转入新的私人实体。
CIBC World Markets Inc. 在此次出售中担任 Kneat 的财务顾问。该公司还与 ATB Cormark Capital Markets 一起提供了公平性意见。加拿大新斯科舍银行（Bank of Nova Scotia）担任 Thoma Bravo 的财务顾问。
与分析师的电话会议。
罗伊特先生补充说，退税还将帮助公司抵御一项新 50-per-cent 关税的潜在影响。美国总统唐纳德·特朗普曾表示，他将从 8 月 19, 起开始对进入美国的进口商品（包括部分玩具）征收该关税。
Spin Master 去年在关税上支出约 US$30-million，预计今年在不计退税的情况下，支出水平将与去年相似。
其许多玩具在中国、越南、印度、墨西哥、印度尼西亚和欧盟制造。美国零售商是 Spin Master 最大的买家之一，这使得唐纳德·特朗普不断变化的关税阵列成为像 Spin Master 这样企业的头痛之源。
尽管面临挑战，这家玩具制造商周四报告第二季度利润为 US$29.7-million。相比之下，去年同期亏损为 US$46.5-million。
加拿大通讯社（THE CANADIAN PRESS）
CUPE 和 WestJet 的分歧主要在于乘务员在飞机离开登机口之前以及降落之后的薪酬支付问题。 AMIR SALEHI/THE GLOBE AND MAIL
来自 B1
来自 B1
来自 B1
“我们的承诺仍然是在谈判桌上，我们将继续全天候努力，以达成一项既能为我们的机组人员提供价值和实质性改进，又对我们公司可持续发展的协议。”
如果双方未能达成协议，停工可能会在周日凌晨 12:01 (MT) 立即开始。
该航空公司已告知在 7 月 30 日至 8 月 4 日期间旅行的乘客，他们可以进行一次免费的变更或取消。WestJet 也在准备采取缩减航班计划运行，但该航空公司并未明确说明是否或何时将开始取消航班。
CUPE 和 WestJet 的分歧主要在于乘务员在飞机离开登机口之前以及降落之后的薪酬支付问题。在值班时间内的这段补偿期被称为“地面工资”（ground pay）。该工会长期以来一直主张，航空业针对乘务员的薪酬体系需要进行彻底改革，特别是因为乘务员被要求在起飞前和降落后工作而没有获得报酬。
但 WestJet 对这一观点持有异议
美国银行的利率策略师 Mark Cabana 补充道：“作为一名央行行长，这正是你所不希望看到的。你不希望市场质疑你在应对通货膨胀方面的公信力。” 在 7 月会议之前，出现某种失望情绪的可能性有所增加，很大程度上是因为有一批发声激烈的投资者主张沃什先生应出人意料地加息 25 个基点。在周三的公告之前，采取此类行动的可能性约为 30%。三位区域性银行行长认为这同样是最优决定，并对维持利率不变表示异议。加息的理由是，在沃什先生担任主席任期的早期采取激进措施，将有助于巩固他致力于成为的“通胀斗士”的形象。沃什先生在周三试图维持这一形象。在新闻发布会的开场白中，他表示，为了抑制通货膨胀，“在必要且适当的情况下，我们将毫不犹豫地采取行动”。他明确表示，美联储至少在目前，不会接受个人消费支出（PCE）价格指数衡量下高于 2 的通胀率。他还多次强调，即使目前维持利率不变，美联储的讨论或策略中也“没有任何惯性”。此外，他反驳了将 7 月会议描述为“暂停”的说法。但正如资产管理公司 PIMCO 的经济学家 Tiffany Wilding 所描述的那样，这些“鹰派元素”被沃什先生不愿阐明在何种条件下会考虑加息而掩盖了。事实上，他仅简短地承认，提高借贷成本是美联储应对通货膨胀的可用工具。沃什先生同样没有提及
[[IMG_XXXX]] 美联储主席 Kevin Warsh 在周三的评论中明确表示，美联储目前不会接受高于 2 的通胀率。WIN McNAMEE/GETTY IMAGES
空乘人员没有地面工资。航空公司通过一种被称为“信用小时”（credit hours）的系统支付客舱乘员的薪酬。信用小时率是经协商确定的小时率，航空公司称该率已涵盖空乘人员在地面上执行的工作。例如，如果空乘人员在一天内执行一次两小时的飞行（从起飞到降落的时间），他们将获得至少四个信用小时的补偿。WestJet 的空乘人员每月被要求工作至少 80 个信用小时。
信用小时系统由于其设计原因，使那些倾向于执行长途飞行且在两次飞行之间地面停留时间较短的高级客舱乘员不成比例地获益。工会正试图通过争取地面工资来解决这一不公平现象。
CUPE 在 2023, 年对数千名空乘人员进行的一项调查发现，无论信用小时补偿系统如何，空乘人员在给定月份内执行的平均 35 小时工作中最终没有获得报酬。
空乘人员执行的这些无薪工作导致了去年 CUPE 与加拿大航空（Air Canada）之间谈判的僵局。该劳资纠纷在去年 8 月成为新闻头条，当时罢工中的加拿大航空...
他没有给出任何关于他认为未来几个月数据将如何演变的迹象，也没有具体提到 9 月份美联储的下一次会议是否为采取行动的潜在平台。总而言之，他将当前时刻描述为“一个警觉思考的时期，而非警觉等待的时期”。
“没有前瞻性指引。没有框架指引。什么都没有，”Wilding 女士说道。这一点，再加上 Warsh 先生多次提到美联储将关注广泛的通胀指标，给她留下的印象是，任何加息的时机都具有高度的不确定性。
缺失的是 Warsh 先生 6 月份第一次会议纪要中强调的一点，其中规定如果通胀率持续居高不下，大多数官员认为“某些政策收紧”是合理的。几位政策制定者基于该公报，强调他们需要尽快看到通胀率下降。
这一遗漏可能是 Warsh 先生的一种策略，他拒绝美联储长期以来向市场发送关于央行将采取什么行动以及如何应对后续数据的暗示习惯。他的观点是，美联储从市场关于央行应该做什么的“直接且未经过滤”的信号中获益，而不是让官员们的信号被反射回来。
周三，Warsh 先生多次提到近期金融条件的收紧（这反映了整个经济体中信贷的可获得性），认为这给政策制定者带来了一些“慰藉，让我们确信我们拥有交付的能力和手段”。
曾担任前美联储主席杰罗姆·鲍威尔高级顾问的 Kurt Lewis 将 Warsh 先生的策略比作“因为这种措辞选择，导致他试图在双手被反绑在背后的情况下，传递与会议纪要中相同的信息”。
对于 Brainard 女士来说，风险基本上指向一个方向，这意味着 Warsh 先生在未来几个月内仍将处于考验之中。
“我认为通胀压力在年底前将继续维持在较高水平，这意味着在年底前加息的理由无疑变得更加充分，”她说道。
加拿大的乘务员无视联邦政府发布的复工令，继续进行了为期三天的罢工。
此次中断导致国内和国际航班停飞，并最终以 CUPE 与加拿大航空达成一项初步协议告终。该协议在全国范围内首次授予乘务员部分地面薪酬。
“CUPE 希望统一加拿大航空协议与西捷航空 (WestJet) 协议之间的条款，以设定行业标准，这样加拿大航空就不能在下一轮谈判中对他们说西捷航空具有竞争优势，”约克大学的劳工教授 Steven Tufts 说道。
上周，西捷航空的乘务员几乎一致投票支持罢工，在发出罢工通知前增强了工会在谈判桌上的地位。
由总部位于渥太华的研究公司 Abacus Data 在 7 月 17 日至 7 月 19 日期间进行的一项民意调查发现，西捷航空乘务员在与航空公司的争端中得到了相当大的公众支持。近三分之二的加拿大人，即 64 per cent，表示支持乘务员进行谈判，而支持西捷航空的比例为 11 per cent。
表示国际交易 如今涉及更广泛的考量
加拿大出口发展银行（Export Development Canada）提供贸易融资，贸易专员服务（Trade Commissioner Service）提供市场情报并建立当地联系，而加拿大商业公司（Canadian Commercial Corp.）则帮助加拿大公司向外国政府销售产品。但 Sidhu 先生认为，新的战略出口办公室将使这些机构之间的协调更加高效，并为在这种供应链转移和激进工业政策的世界中日益重要的个性化交易提供平台。“如果你把法国作为一个例子，他们的倡导工作协调得更好。你知道，马克龙总统会多次介入交易，”Sidhu 先生在位于安大略省布兰普顿（Brampton）的 MDA Space 总部举行的办公室启动活动上表示。“因此，无论是在国际舞台上的我，还是另一位部长，我们希望确保他们也能为这些商业倡导工作做好充分准备。”
Sidhu 先生指出，最近有几笔交易是通过该公司与加拿大全球事务部的协调努力达成的——有时还得到了总理马克·卡尼的直接协助。其中包括 CAE 向马来西亚航空集团出售飞行模拟器，以及空中客车加拿大公司（Airbus Canada）向马来西亚 AirAsia 供应 150 架 A220 喷气机的协议。“是一次集体的团队努力才促成了这笔交易，”Sidhu 先生在谈到空中客车加拿大公司的交易时说道。“去年秋天，我和总理在马来西亚参加东盟（ASEAN）峰会，我们在那里会见了 [AirAsia] 首席执行官 Tony Fernandes，以帮助推动这笔交易的达成。”
制造卫星及其他空间技术的 MDA Space 首席执行官 Mike Greenley 表示，全球贸易环境已经改变，国际交易日益涉及更广泛的经济和地缘政治考量。“现在每个国家都想做同样的事情：增强主权，提高国防与安全，扩大工业基础和经济繁荣，并增加国际贸易，”身为新咨询委员会成员的 Greenley 先生在公告后的采访中表示。“所以，一旦你开始这样的对话，就像是，‘嗯，你知道，我可以帮你达成这笔交易。但你能帮我做些什么？’ 因此，我们需要像 [战略出口办公室] 这样的机构，以及政府采取积极前瞻的姿态，以在这种等价交换（quid pro quo）的贸易中帮助我们。”
政府表示，新办公室将由来自全球事务部、贸易专员服务和加拿大出口发展银行的员工组成，他们将组成“交易团队”，并帮助“策划和管理主要出口机会的渠道”。加拿大出口发展银行首席执行官 Alison Nankivell 表示，渥太华正将法国、德国、日本和韩国视为模型。“这实际上是将我们最优秀的公司、最顶尖的产业，即我们在全球最具竞争力的地方——核能、国防领域、能源领域……并将我们看到他人部署的一些最佳方案结合起来，”她说道。“因为从全球范围来看，每个人在工业政策以及对其顶尖公司的倡导方面都变得更加积极。”
新办公室是渥太华一项更大规模计划的一部分，旨在尝试在未来十年内将非美出口翻倍——每年增加约 $300-billion（3000 亿）——以降低该国在面对美国保护主义时的脆弱性。联邦政府已经加大力度签署新的贸易协定，承诺投入约 $6-billion（60 亿）用于贸易相关基础设施，并开始全面改革面向出口的能源和矿业的监管与融资生态系统。
项目。目前有一些初步迹象表明，加拿大正在将其贸易多样化，以减少对美国的依赖。5月，加拿大出口至美国的总额占比约为 70%，低于 2024. 年平均 76% 的水平。迄今为止，大多数贸易多样化的情况体现在大宗商品上。金价高企显著提升了向英国出口的价值，同时通过 Trans Mountain 管道向亚洲市场运输的加拿大原油数量也在增加。在面临美国高额关税的行业中，铝业是唯一在将产品转向海外市场（主要在欧洲）方面取得显著成效的行业。
Alison Nankivell， EDC 首席执行官 表示，渥太华 正将法国、 德国、日本 和韩国 视为榜样。
亚马逊云业务营收超出预期
亚马逊公司（Amazon.com Inc.）周四公布的季度云业务销售额增长超出预期，并提高了年度资本支出展望，这表明对人工智能（AI）服务的需求依然强劲，足以支撑其大规模的基础设施投资。这家总部位于西雅图的在线零售商股价在收盘后跳涨超过 9%，随后回落，最终交易价格上涨约 8%，在此之前的交易时段内已上涨 3.9%。根据 LSEG 汇总的数据，其云计算部门 Amazon Web Services（AWS）在截至 6 月 30 日的第二季度营收增长 37%，达到 $42.2 亿美元，而分析师的共识预期增长率为 31.21%。首席执行官 Andy Jassy 在一份声明中表示：“AWS 正在蓬勃发展，”并指出这是该部门 18 个季度以来最快的增长速度。“我们的 AI 和芯片业务的年化运行率均已突破 $25 亿美元。”他表示，亚马逊目前预计今年的资本支出将达到 $220 亿美元，比之前的预测增加 10%。Jassy 先生表示，购买内存芯片的成本是增加的主要因素。他在与投资者的电话会议上说：“即使达到这个金额，我们在 2026 年仍将没有足够的容量来满足所有需求。”他补充道：“我相信这种动态在 2027 年同样会适用。”
亚马逊在该期间的自由现金流转为大幅负值。第二季度，该公司在滚动 12 个月的基础上消耗了 $7.6 亿美元现金，而一年前的自由现金流为 $18.2 亿美元。包括微软（Microsoft）、谷歌母公司 Alphabet 和 Meta 在内的其他科技巨头竞争对手在加大支出时，也报告了自由现金流的大幅下降。尽管如此，这家全球顶尖云服务提供商的强劲表现与竞争对手微软和 Alphabet 的稳健表现相呼应，后者均轻松超过了华尔街对云营收的预期。Synovus Trust 的投资组合经理 Dan Morgan 表示：“此前人们担心 AWS 会失去市场份额，但现在这个顾虑已经消除了。这进一步证明了 AWS 的领先地位依然稳固。AI 的浪潮让所有船只都随之起航。”
这一乐观的结果可能会减轻人们对大科技公司不懈进行 AI 投资的一些担忧——今年的投资额预计将超过 $700 亿美元——这给这些传统上现金充足的公司带来了现金流压力，并引发了人们对它们可能过度建设产能的担忧。路透社（REUTERS）
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在加利福尼亚州中部，这里曾是黑皮诺 (pinot noir) 的圣地，如今种植者们正因为需求不足而舍弃葡萄
SOUMYA KARLAMANGLA 发自加州索莱达 (SOLEDAD, CALIF.)
在以葡萄栽培闻名世界的加利福尼亚州，酿酒商去年的葡萄酒产量达到了过去四分之一个世纪以来的最低点。由于大量未售出的酒瓶塞满了仓库和酒铺的货架，让葡萄在藤上腐烂往往比采收成本更低。因此，在加州索莱达一个阳光明媚的早晨——这里是作家约翰·斯坦贝克 (John Steinbeck) 笔下闻名遐迩的山谷——杰森·史密斯 (Jason Smith) 屈从于简单的经济规律。一名工人不耐烦地开着拖拉机，将史密斯先生的黑皮诺葡萄从地里连根拔起。另一名工人则点燃了多年来支撑葡萄藤的木桩。而史密斯先生则倚在他的白色 Suburban 越野车旁，在海岸橡树的阴影下，看着他的一片黑皮诺葡萄园化为烟雾。他已决定出售所有土地并关闭经营了 51 年的家族企业。“对我来说，简直没有赚钱的可能，”57 岁的史密斯先生说道。
在全国范围内，葡萄酒销量处于二十多年来的最低水平，因为随着公众健康警告日益增加，人们意识到酒精不健康，从而减少了饮酒量。此外，由于许多年轻饮酒者认为传统葡萄酒死板且难以理解，更倾向于选择罐装鸡尾酒、硬 seltzer 水以及无酒精啤酒和烈酒，销量也因此受损。
在生产全美约 80% 葡萄酒的加利福尼亚州，黑皮诺或许最能说明该行业近期“繁荣与萧条”的历史。这种最初产自法国勃艮第地区的轻盈葡萄酒，一度在当地普通饮酒者中不如赤霞珠 (cabernet sauvignon) 和梅洛 (merlot) 等红葡萄酒受欢迎。随后，2004 年的电影《侧攻》(Sideways) 上映，保罗·吉亚马蒂 (Paul Giamatti) 在片中饰演一名抱有文学志向的葡萄酒原教旨主义者，他极力赞美黑皮诺“令人兴奋且细腻”的风味。这部独立电影在加州引发了一场黑皮诺热潮。
[[IMG_XXXX]] （图注：4月，在加州索莱达的萨门托葡萄园，被拔除的葡萄藤和支柱被焚烧。NIC COURY/THE NEW YORK TIMES）
在电影取景的加州中部，原本冷清的品酒室瞬间挤满了顾客。那些已经在生产黑皮诺的酒庄在创纪录的时间内售罄了库存。在全州各地，种植者在任何能种的地方都种上了黑皮诺。“你几乎能感觉到那种氛围，”马克·麦威廉姆斯 (Mark McWilliams) 说道，他最近关闭了位于索诺玛县 (Sonoma County) 的黑皮诺专业酒庄，并回忆起 2000 年代的狂热，“人们想要的全部都是黑皮诺。”
20 世纪 70 年代初，史密斯先生的家人搬到了沿海的蒙特雷县 (Monterey County)，因为他的父亲拥有农业学位且曾在实验室工作，看到了这里新兴葡萄酒产业的前景。该地区位于旧金山以南约 160 公里，是一个农业中心，白天炎热阳光充足，夜晚雾气浓重，是培育黑皮诺和霞多丽 (chardonnay) 所需的娇嫩葡萄的完美气候。
起初，史密斯先生的家人帮助其他葡萄园主种植葡萄。随后他们购买了自己的土地。随着时间的推移，他的公司 Valley Farm Management 收购了 3,000 英亩土地，并将果实出售给州内一些规模最大的酒庄。
在《侧攻》首映时，史密斯先生已经在种植黑皮诺。此后，他将部分梅洛葡萄更换为更多的黑皮诺。（由于吉亚马蒂饰演的角色将梅洛贬低为“劣酒”，这部电影也给梅洛的销量带来了沉重打击。）
他的酒庄在电影上映后的几年里获得了最高利润。
但史密斯先生表示，几年前随着葡萄酒销量的暴跌，对酿酒葡萄（尤其是黑皮诺）的需求开始枯竭。他曾尝试向其他酿酒师提供折扣，但仍然无法让账目平衡。
加利福尼亚州的低迷期尤其打击了红葡萄酒，这类酒通常口感更浓郁，酒精含量更高。在 2025 年，该州酿酒师生产的红葡萄酒数量在数十年来首次少于白葡萄酒。
黑皮诺仍是加州生产的第二受欢迎的红葡萄酒，但专家表示，种植者正在拔除的一些葡萄藤是在《侧向》（Sideways）电影上映后种植在不太适合娇贵的皮诺葡萄生长的地区。
尽管如此，自 2021 年以来，加州的黑皮诺产量下降了 30 %。在全州范围内，种植者还将这些葡萄更换为客户日益青睐的较冷门的白葡萄酒品种，例如非亚诺（fiano）和绿维纳（grüner veltliner）。
“我们曾经如此以黑皮诺为中心，”史密斯先生说。“然后需求就消失了。”
根据加州酿酒葡萄种植者协会（California Association of Winegrape Growers）的数据，2025 年，加州全州约有 38,000 英亩的酿酒葡萄被拔除，约占全州种植葡萄总数的 7 %。根据行业估计，还有超过 500,000 吨的葡萄未被采摘。
为了偿还债务并避免破产，史密斯先生将其顶级的葡萄园卖给了杰克逊家族葡萄酒公司（Jackson Family Wines）——该公司拥有二十多个加州葡萄酒品牌——并将其他地块卖给了私募股权公司。他正在出售设备以换取现金。
“这是我一生所做的一切，”史密斯先生说。“我得找一份新工作了。”
加州的秋季葡萄收获本月开始，预计将再次有数千吨葡萄留在藤上。专家表示，预计在未来两年内还将有数百家酒庄关闭，届时该行业预计将触底。
“在我们经营葡萄和葡萄酒业务的 54 年里，从未见过像现在这样程度的变革、动荡和混乱，”帕索罗布莱斯（Paso Robles）和蒙特雷县（Monterey County）最大的葡萄酒生产商之一，J. Lohr Vineyards and Wines 的总裁史蒂夫·洛尔（Steve Lohr）说道。
位于加州圣巴巴拉（Santa Barbara）的 Au Bon Climat 酒庄酿造黑皮诺已有 40 年多。在拍摄《侧向》之前，电影中的演员们曾访问该酒庄，在幕后了解葡萄酒是如何酿造的。
总经理迈克尔·梅卢斯基（Michael Meluskey）表示，Au Bon Climat 的销售额有所下降，酒庄计划在今年减少产量。但他说，大衰退时期的财务压力更为严重，他有信心自己的酒庄能够挺过去，即使其他酒庄无法在行业紧缩中生存。
“人们热爱葡萄酒，他们喜欢在用餐时喝葡萄酒，”他说。“这就像任何经历周期性波动的业务一样。”
“幸运的是，我们不用担心 AI 会抢走我们的工作，”他的酿酒师马克·皮罗（Marc Piro）开玩笑说。
史密斯先生希望在未来几个月内完全关闭他的业务。而他不知道之后会发生什么。葡萄和葡萄园曾是他的退休计划。
即使不再从事葡萄酒行业，史密斯先生仍计划继续饮用黑皮诺。但实际上他最喜欢的酒类是什么？
“啤酒和威士忌，”他说。
纽约时报新闻服务（NEW YORK TIMES NEWS SERVICE）
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中位数水平的婴儿潮一代 在任何市场 修正或熊市阶段 都极其脆弱
Rosenberg Research 创始人
我敢发誓，如果我再听到一次 关于婴儿潮一代拥有 $90-trillion 的财富，且 仅凭这一点就足以对未来 感到乐观的说法，我绝对会 气得发疯（一次或两次）。这 已经超出了简单叙事的范畴。 这是危险的。 是的，这确实是事实。婴儿潮一代——那些 出生于 1946 和 1964 年之间的人—— 掌控着巨大的资产基础。 他们拥有美国所有家庭财富的 一半以上，在该国近 70-million 人的 群体中，他们持有 51 per cent 的总额。 他们在加拿大持有的 家庭资产财富百分比也几乎相同。 但这个数字的集中方式使其 呈现出一种具有误导性的强劲。 例如在美国，前 10 per cent 的人 掌控了 87 per cent 的股票和 近 70 per cent 的总财富。 如此集中的财富在退休后并不会 被消费掉——而是会被继承。 而且如果持仓被清盘，大部分 收益将交给税务局。 这就是为什么婴儿潮一代的后代 在边际上会更富有，但这笔钱 并不一定会为了资助消费支出 而被提取出来。在许多方面，它 在家庭资产负债表上是一个永久项。 平均值与中位数之间的差距 揭示了一切。美国婴儿潮一代的 平均净资产为 $1.6-million，而 加拿大婴儿潮一代的这一数字 约为 $1.5-million。
伊朗战争的不确定性以及现在的 特朗普新关税威胁。 您应该选择固定利率还是浮动利率抵押贷款？
抵押贷款利率
[ 抵押贷款利率 ]
1-year fixed 4.29 True North 4.74 CIBC
2-year fixed 3.89 Ratehub.ca 4.34 Scotiabank
3-year fixed 3.89 Ratehub.ca 4.04 Ratehub.ca
4-year fixed 4.09 Ratehub.ca 4.54 Scotiabank
5-year fixed 4.04 Ratehub.ca 4.44 Ratehub.ca
10-year fixed 5.35 Scotiabank 5.40 RBC
5-year variable 3.40 Ratehub.ca & Nesto 3.75 Ratehub.ca
HELOC NA NA 4.95 Ratehub.ca &True North
THE GLOBE AND MAIL, 来源：RATEHUB.CA；数据截至 7 月 30 日。
VIVIAN VASSOS
我知道随着安大略省汽车保险在 7 月 1 日起生效的变更，我的汽车保险单中的某些方面可能会发生变化。我的保险中还包含一名次要驾驶员。如果我对目前的承保范围感到满意该怎么办？这将如何影响我们？
资源处于中等水平的婴儿潮一代面临着在退休后生活缓冲最薄弱的情况，同时承受着较高的债务服务比率，且实际收入停滞不前。JEFF CHIU/AP
但请考虑这一点：美国的平均数值约为 US$370,000。漏洞不在于资金提取的规模，而在于时机。序列回报风险（Sequence-of-returns risk）是退休财务中唯一无法通过资产配置来对冲的风险，因为这关乎损失何时发生，而非是否发生。
在你开始提取资金的前一年或后一年，市场下跌 30% 将会产生灾难性的影响，而同样的下跌如果发生在 10 年前或 10 年后则并非如此。这是因为你现在是在亏损时卖出股票以资助生活开支，将账面上的资产缩水转化为永久性的、已实现的本金损失，而这部分资金再也无法参与随后的市场回升。
相同的投资组合，相同的平均回报率，但由于回报顺序的不同，会导致退休后是财务稳健还是破产。而婴儿潮一代目前正处于该曲线最危险的部分。
这里有三个不利于婴儿潮一代的进展。
第一，强制性抛售。在美国，
[[IMG_XXXX]]（注：此处对应原图 Insured Provider / Uninsured Provider）
此前包含在每份安大略省汽车保险单中的条款现在变为可选。这意味着涉及事故的行人、骑行者以及在某些情况下的其他乘客，可能不再有资格获得事故福利。
“自从变更生效以来，讨论重点一直集中在哪些承保范围现在变成了可选，以及向考虑调整保单的驾驶员提供指导，”Silverstein 先生说道。“对于大多数现有客户，除非他们选择更改，否则目前的事故福利承保将在续保时继续有效。”
在新结构下，事故后的医疗护理、康复服务或护理服务在驾驶员的保单中依然是强制性的。
强制性最低提取额（RMD）正在加速。而且 RMD 是非自由裁量的——税法强制要求婴儿潮一代每年卖出其个人退休账户（Individual Retirement Account）的一定比例，无论市场表现如何。加拿大人情况也好不到哪里去，在 55 岁之后，注册退休收入基金（RRIF）的最低取款额每年都在加速增加。
熊市加上强制取款，正是由法规机制化而成的典型的序列风险陷阱。在下跌的市场中，为了达到相同的 RMD 金额，你必须卖出更多股份。
第二，估值切入点。这次熊市无论何时到来，其起点将是标普 500 指数（S&P 500）超过 20 倍的远期市盈率，以及接近 40 倍的周期调整后市盈率。委婉地说，这已经处于高位。当资金缩水始于极高的估值时，序列风险最为严重，因为随后的复苏会更慢且幅度更小。一个在市盈率为 20 倍的市场中退休的婴儿潮一代，其容错空间比……
人们经常询问多伦多地区的抵押贷款经纪人 Victor Tran，在加拿大银行可能降息的情况下，是否应该选择浮动利率抵押贷款。但自从伊朗战争开始，以及现在美国威胁要对加拿大商品征收新关税以来，他一直告诉客户，实际情况更有可能是浮动利率上升而非下降。根据彭博社（Bloomberg）的数据，反映投资者对利率预期的债券掉期市场在很大程度上预测，到 2026 年底，加拿大银行将加息 25 个基点。预计央行在 2027 年还会实施一次，甚至可能是两次加息。中东冲突导致的油价飙升并引发的通货膨胀，是许多分析师认为有必要加息的一个主要原因。贸易战升级的风险及其对加拿大经济的影响可能会成为降息的理由，但许多经济学家表示，鉴于经济表现出惊人的韧性，降息可能并非必要。截至周四下午，Ratehub.ca 上最低的五年期浮动利率抵押贷款与三年期固定利率之间的利差约为 60 个基点。（一个百分点等于 100 个基点。）Tran 先生表示，根据客户获得的实际报价，利差对于某些客户来说甚至可能更小，这意味着承担更高风险可能几乎没有优势。“只要加拿大银行加息一两次，浮动利率就会与固定利率持平或更高，”他说道。这就是为什么 Tran 先生建议大多数客户办理固定利率抵押贷款的原因。他推荐选择浮动利率的极少数场景之一，是业主预计要出售房屋或向抵押贷款偿还大额一次性款项。提前终止浮动利率抵押贷款的违约金通常仅为三个月的利息，而固定利率抵押贷款则面临支付业主贷款利率与银行公布利率之间更高差额的风险。—— SALMAAN FAROOQUI
抵押贷款利率由 Ratehub.ca 提供。如需获取今日各期限/类型的完整抵押贷款利率列表，请访问 ratehub.ca/best-mortgage-rates。Ratehub.ca 是一个抵押贷款利率比较平台和抵押贷款经纪公司。它帮助数百万加拿大人比较并获得最佳的抵押贷款利率、信用卡、保险、存款和贷款产品。显示的利率为截至周四市场收盘时，各期限/类型及类别（承保与非承保）的最低可用利率。
汽车保险单。Silverstein 先生表示，此前包含在驾驶员保险单中的可选福利可以根据个人需求添加。“目前可选的福利包括收入补偿、护理人员福利和丧葬费用。”Silverstein 先生建议消费者花时间与他们的保险代表、经纪人或代理人讨论需求，以确保在做出任何更改之前，他们及其保单上列出的所有驾驶员都拥有适当级别的保障。有些人可能会决定降低某些承保范围以降低保费，而另一些人则可能会选择维持或扩...
...在过去的低价市场中。
第三点——这也是大多数分析师忽略的一点——中位数水平的婴儿潮一代在理应提供帮助的自动化机制面前缺乏足够保护。只有 44.2 per cent 的美国婴儿潮一代完全投资于目标日期基金（TDF），而千禧一代为 70 per cent，Z世代则为 81.5 percent。目标日期基金能自动执行去风险的下滑路径——它们会按计划将股票兑换为债券。
大多数婴儿潮一代采用的是手动配置，这意味着他们是在市场低迷期间最容易恐慌性抛售，以及在接近峰值时盲目追求业绩的群体。这一承受顺序风险最高的一代，恰恰在最糟糕的时机里，最缺乏针对自身行为的算法保护。
此外，还有来自预期寿命表的算术题。一个 65-year-old 的人有四分之一的机会活到 90 岁，因此退休生活可能长达 30 年，且不能仅靠股票资助，除非这些股票是安全的、分红稳定的蓝筹股。
增强其保障。
“正确的选择取决于他们的个人情况，以及他们可能已经通过雇主或团体福利计划获得的任何其他健康或伤残保险，”他说。
对目前的汽车保险覆盖范围感到满意的安大略省驾驶员通常可以继续维持现有的保障。Silverstein先生表示，安大略省汽车保险改革的引入并不要求消费者更改现有的覆盖范围，仅仅是因为框架已经演变。
“然而，当保单持有人对保单做出更改时，例如增加一名驾驶员、修改覆盖范围或寻找一个分红支付者。或许房地产投资信托基金（REITs）和公用事业公司是一个选择。但在没有工作收入的 30 年期间，现金流需求要求转向债券而非股票，且不能通过消费来解决。在当前的叙事中，这个细节被太频繁地忽略了。
请记住，目前美国家庭资产负债表仅由 7 per cent 的固定收益和 73 per cent 的股票组成。人口老龄化意味着这些资产类别的再平衡即将到来。
中位数婴儿潮一代所在的渠道才是真正挑战所在。这个群体缓冲垫最薄，同时承担着较高的债务偿还率，且实际收入停滞——这意味着该家庭已经没有剩下的缓冲空间了。
熊市不需要规模达到历史级别地大，就能造成历史性的破坏。顺序风险意味着，在错误的时机出现一个中等规模 25 至 30 per cent 的回撤，比 2000, 年时同一群体经历的 50 per cent 回撤造成的持久伤害更大；因为当时他们距离退休还有 20 年，拥有很长的缓冲期，且仍在购买股票，以及耐用消费品和周期性服务。
底线是，对于顶端 10% 的人群来说，上述危险并不存在。而这个 $90-trillion 的数字所忽略的是，中位数婴儿潮一代在面对任何市场修正或熊市阶段时都极其脆弱。这并不一定是因为回撤幅度会异常深，而是因为回撤发生在强制取款期，且处于高估值状态，而这一代人又是最缺乏自动去风险保护的群体。
严重程度是“何时发生”的函数，而中位数婴儿潮一代正处于这个“时间曲线”最糟糕的部分。这里的教训是，像 $90-trillion 这样的综合数字掩盖了太多信息，在试图编造牛市故事时具有极强的误导性。
更换新保险公司时，重要的是要仔细审查其承保选项，并了解这些变化可能会如何影响其保单，”他建议道。在这种情况下，在保单中增加另一名次要驾驶员“将改变您的风险和承保范围”。
这些改革旨在降低成本并为安大略省的驾驶员提供更大的灵活性。
尽管如此，Silverstein先生指出，选择越多，消费者就越需要了解他们所选择的承保范围。“驾驶员不应假设所有保单都提供相同水平的保障，在仅根据价格做出决定之前，应仔细审查任何变动。”
I
带来一些乐趣？
如果我的投资组合反映了我的性格，你可能不会想和我相处超过 30 秒。坦白说，我的投资组合大部分都非常乏味。
这里有谨慎配置的股票和固定收益产品，以及一些在旁观望的现金。有一些低成本的交易所交易基金（ETF）提供了全球市场的风险敞口。一家银行 ETF 和几只个股则产生股息。
但请不要急于离去。尽管我的持仓显然是一个多样化的“催眠曲”，但我还是为高风险投资预留了一些空间，以寻求一些刺激——并且，我希望（在未来的某一天）能获得额外的回报。
看到那边了吗？那些是美国垃圾债券。那边呢？那是一个房地产投资信托基金，它持有——你能相信吗？——城市办公空间。哦，那里还有一笔关于可再生能源发电的小额赌注。
如果这不符合你对“刺激”的定义，我完全可以理解。我不认为 there
GARY CHRISTIE
数字分析师
渥太华 Trading Central 北美研究主管
我们的目标是什么？
受沃伦·巴菲特长期坚持的投资原则启发，我们对在美国上市的股票进行了筛选，旨在寻找资本回报率强劲、盈利持续增长、利润率健康且债务可控的大型公司。
这些股票并不一定由巴菲特先生或伯克希尔·哈撒韦公司持有或认可。该筛选仅衡量选定的财务特征，并不评估管理质量、竞争持久性或内在价值。巴菲特先生仍担任伯克希尔公司董事长，而 Greg Abel 自 1 月 1 日起担任总裁兼首席执行官。
筛选标准
我们使用 Trading Central Strategy Builder 来搜索显示出与巴菲特先生长期投资方法相关的若干财务特征的美国上市股票。
我们首先设定最低市值 $5-billion 且股价高于 $10，以便专注于规模更大、更成熟的公司。
为了强调资本配置高效的盈利企业，我们筛选出资本回报率至少为 15 per cent 且营业利润率高于 15 per cent 的公司。我们还要求五年每股收益增长率至少为 5 per cent 且债务与——
股票观察 DAVID LEEDER
TOROMONT INDUSTRIES (TIH-TSX) 收盘价 $216.05, 上涨 $9.24 ALLIED GOLD (AAUC-TSX) 收盘价 $24.85, 上涨 85¢ CANADIAN PACIFIC K.C. (CP-TSX) 收盘价 $123.31, 下跌 $5.05 CGI (GIB.A-TSX) 收盘价 $102.67, 下跌 $2.34 TRICAN WELL SERVICE (TCW-TSX) 收盘价 $5.90, 上涨 1¢
丰业资本 (Scotia Capital) 分析师 Jonathan Goldman 认为，在 Toromont Industries Ltd. 第二季度盈利出现“大幅”超出预期后，该公司具有“良好的风险/回报”前景，促使他将其建议评级从之前的“行业平均 (sector perform)”上调至“跑赢大盘 (outperform)”。他表示：“2Q 从客观上讲是一个不错的季度，”同时也承认存在包括人工智能潜在影响在内的宏观不利因素。 目标价：Goldman 先生将目标价上调了 $1 至 $239，但仍低于 $243.50 的共识预期。
我的投资组合中没有任何包含疯狂风险的东西。
然而，关键在于我们中的许多人在构建投资组合时采取类似的方法。我们将绝大多数资产理性地分配，然后用剩余的一小部分来寻找乐趣。
目标是一样的：我们希望获得稳定的回报。但也许“娱乐资金”的时间跨度较短，我们可以用一小部分资产承担更多风险。
一些专业人士能看到这种方法的益处。
先锋集团 (Vanguard Group) 的创始人 Jack Bogle 在数十年前就意识到了低成本指数投资的优势。这家总部位于美国的投资公司在 2014 年承认，一名负责任的投资者可能可以用其投资组合中最多 5 per cent 的资金进行投机尝试。
在他看来，这部分资金不足以对我们的储蓄造成任何长期损害，但足以满足我们的投机冲动，从而保护投资组合的其余部分免受我们贪念的影响。不过，Bogle 补充了一个警告：这种他所称的“娱乐资金 (funny money)”在长期内不太可能匹配多样化投资组合的业绩。
这是一个公平的警告。但如果投资者
巴菲特可能喜欢的股票
YTD 绩效 (%) 1-YR 绩效 (%) 1 Alphabet Inc. GOOGL-Q 交互媒体 4112 332.48 52 42.66 0.18 33.11 16.89 29.83 0.26 6.8 71.3 2 SEI Investments Co. SEIC-Q 资产管理 12.35 101.74 55 27.59 0.03 28.9 18.14 13.42 1.01 23.9 16.2 3 Novo Nordisk AS NVO-N 药品制造商 227.66 50.98 68 39.85 0.72 45.3 12.37 20.66 3.49 -1.5 3.1 4 New York Times Co. NYT-N 媒体 - 多元化 12.58 74.83 52 17.86 0.02 16.48 33.34 28.35 1.18 11.3 51.1 5 Apple Inc. AAPL-Q 硬件 4967 332.08 51 68.83 0.8 32.64 40.94 17.86 0.32 24.8 61.8 6 NetEase Inc. NTES-Q 交互媒体 82.96 130.3 59 18.8 0.07 33.26 16.59 23.83 2.33 -12.1 -0.5 7 Visa Inc. V-N 信用服务 682.68 364.71 56 37.94 0.69 65.61 31.38 15.84 0.73 6.4 5.1 8 Automatic Data Processing Inc. ADP-N 软件 109.28 264.26 56 44.76 0.68 26.51 24.99 11.85 2.49 8.1 -12.1 9 Infosys Ltd. INFY-N 软件 48.87 12.11 63 27.62 0.1 20.36 15.56 5.57 4.16 -30.6 -25.7 10 Microsoft Corp. MSFT-Q 软件 2901 450.14 53 29.24 0.14 46.8 21.76 18.82 0.93 -17.4 -23.9 11 ResMed Inc. RMD-N 医疗设备与仪器 31.08 208.37 57 22.15 0.13 34.6 20.66 17.37 1.12 -12.5 -22.8 12 Procter & Gamble Co. PG-N 消费包装商品 340.21 143.23 51 18.89 0.69 23.24 21.36 5.59 2.98 3 -4.4 13 Accenture PLC ACN-N 软件 105.97 163.09 60 19.53 0.26 15.75 13.83 9.02 3.77 -33.4 -36.8 14 Jack Henry & Associates Inc. JKHY-Q 软件 11.46 156.17 53 23.24 0.04 26 22.52 10.08 1.48 -9.6 -7 15 Intuit Inc. INTU-Q 软件 91.12 309.83 60 16.95 0.33 27.47 20.33 14.59 1.44 -47.1 -58.7
排名 公司 代码 行业
来源：Trading Central
权益比率低于 0.85。 最后，我们要求 Trading Central 的量化基本面评级 (Quantamental Rating) 至少在 100 分中获得 50 分。该评级系统地结合了涵盖估值、增长、质量、动量和收益的 20 个指标，得分在 50 以上表明整体基本面概况高于平均水平。同样的量化基本面框架构成了 Trading Central 量化指数的基础，包括 Trading Central Quant U.S. 50 Equity Index ETF (TCUS) 所跟踪的指数。此处使用的额外盈利能力、杠杆和规模要求是针对此次筛选而设定的。 我们剔除了金属和采矿公司，因为其利润和资本回报率会随商品价格剧烈波动，导致它们在行业周期顶峰附近显得异常具有吸引力。这使得它们近期的财务结果较难代表巴菲特先生所强调的、可预测且持久的盈利能力。
随着 Allied Gold Corp. 取消与紫金国际黄金有限公司 (Zijin Gold International Co.) 价值 $5.5 十亿的收购协议，国家银行金融 (National Bank Financial) 分析师 Mohamed Sidibé 认为，华尔街的注意力现在转向了这家加拿大金矿公司的“独立基本面及其可能的交易区间”，同时与其在马里运营相关的地缘政治风险也受到了更多关注。 目标价：他将 Allied 的评级从“投标”下调至“行业表现”，目标价由 $44 下调至 $29，低于 $44.33 的共识预期。
即使决定冒险尝试，现在也有很多投机——呃，寻找乐趣的方式。
对于我们大多数人来说，购买个股而非投资多元化基金，可能会带来不少刺激感。
其他人可能会涉足期权、细价股或单股 ETF，这些工具可以通过衍生品来放大收益。此外还有做空（即押注股价下跌），或者在近年来已进入主流的预测市场上进行押注。
你可以追逐动量交易，或者投资于一个能替我们承担繁重分析工作的对冲基金。
如果这些追求看起来比乐趣更多的是恐惧，请务必避而远之。严格的界限可以防止问题地扩大。考虑将你的专项“娱乐基金”隔离，以避免在押注失败时向账户中追加资金。
请意识到风险。在某些操作（如做空）中，你的损失可能会超过最初的投注额。并且要懂得何时收手。
你对待娱乐基金的方式是怎样的？你有这类基金吗？如果你纯粹为了寻求刺激而对高风险投资进行赌博——以及结果如何，请告诉我。一如既往，我的邮箱是 dberman@globeandmail.com。
fett 的方法。根据资格筛选结果，我们选择了 15 家公司进行展示。
关于 TRADING CENTRAL 的更多信息
Trading Central 是面向零售在线经纪商和机构的金融市场研究与投资分析领域的全球领导者。其产品套件基于技术和基本面研究，提供涵盖股票、交易所交易基金、指数、外汇、期权和商品的具有操作性的交易方案。Strategy Builder（Trading Central 的股票筛选器）可通过加拿大及全球领先的零售经纪商使用。
我们的发现
名列榜首的是 Alphabet（Google 的母公司），其搜索、YouTube 和 Google Cloud 业务巩固了其在数字广告领域的主导地位，且它是其中之一。
在第二季度业绩实现“温和”增长之后，RBC Dominion Securities 分析师 Walter Spracklin 继续预测加拿大太平洋堪萨斯城有限公司 (Canadian Pacific Kansas City Ltd.) 在 2026 年的每股收益将保持两位数增长率，并预计在 2027 年加速至中 teenage 左右的增长水平。“我们认为该增长率优于同行，并主张通过重新评估股价来体现这一点，”他表示。
目标价： Mr. Spracklin 维持其“跑赢大盘”的评级，将其目标价从 $139. 上调至 $145。市场共识价为 $141.。
周四，华尔街收盘大幅上涨，芯片股跳涨，且在这家科技巨头给出了一份缓解了市场对人工智能（AI）基础设施巨额支出担忧的亮眼预测后，微软创下了 18 年来最大的单日百分比涨幅。微软股价上涨超过 15%，使其市值增加了 4500 亿美元，创下华尔街公司历史上单日市值增幅最高纪录。这家科技巨头预测的季度销售额和云增长均高于预期。该公司还报告称，资本支出低于预估，并表示预计在刚刚开始的 2027 财年将继续产生现金流。
今年，投资者一直对大型科技公司在 AI 领域的巨额支出感到不安。Alphabet 和特斯拉上周报告的负现金流引发了 AI 相关股票的一轮抛售，而投资者在质疑高估值的情况下，芯片股也承受了压力。在社交媒体巨头 Meta Platforms 报告第二季度自由现金流下降 91%（表明其昂贵的 AI 建设带来了财务压力）后，其股价大幅下跌。
“这些是真正的‘战场’股票。投资者无法决定这些巨额资本支出（capex）的投资回报率（ROI）是否值得，”Argent Capital Management 的投资组合经理 Jed Ellerbroek 表示。“微软交出了答卷，也许微软能够将自己从‘战场’阵营转移到‘值得信赖的 AI 赢家’股票之列，”Ellerbroek 先生说道。
费城半导体指数（PHLX chip index）飙升 8.2%，其中美光科技（Micron Technology）上涨 18%，闪迪（Sandisk）飙升 26%，超威半导体（Advanced Micro Devices）上涨 13%。亚马逊上涨 3.9%，苹果下跌 1.4%。标准普尔 500 指数上涨 1.66%，收于 7,437.63 点。纳斯达克指数上涨 2.78%，至 25,122.18 点，而道琼斯工业平均指数上涨 1.19%，至 52,208.06 点。
多伦多市场的涨幅较为温和。标普/多伦多综合指数上涨 172.06 点，或 0.5%，收于 35,505.84 点，收复了周三下跌的部分失地。
路透社，本报职员
| RETN. | CPTL. (%) | DEBT/ EQTY. | TC QUANT. RATING | RECENT PRICE ($) | MKT. CAP. ($BIL) |
|---|---|---|---|---|---|
伯克希尔·哈撒韦（Berkshire Hathaway）较新的权益持有项目。该股的 TC 量化基本面评级（TC Quantamental Rating）为 52，这得益于 42.66% 的资本回报率和 0.18 的低负债权益比。基于 29.83% 的五年期每股收益（EPS）增长，其市盈率为 16.89 倍，股价在过去一年中飙升了 71.3%，今年以来上涨了 6.8%。
苹果（Apple），这家拥有快速增长的服务部门的 iPhone 制造商，仍然是伯克希尔·哈撒韦最大的公开交易权益持股之一。其 51 的 TC 量化基本面评级反映了其出色的 68.83% 的资本回报率和 32.64% 的营业利润率，尽管该股的市盈率较高，为 40.94 倍。股价在过去一年中上涨了 61.8%，今年以来上涨了 24.8%。
诺和诺德（Novo Nordisk），这家开发了 GLP-1 治疗药物 Ozempic 和 Wegovy 的丹麦制药商，在我们的名单中拥有最高的 TC 量化基本面评级，为 68，这由 39.85% 的资本回报率和 45.3% 的营业利润率驱动。
| DIV. YLD. (%) | EPS. GRTH. 5 YR (%) | OPER. MARGIN (%) | P/E |
|---|---|---|---|
TD Cowen 分析师 David Kwan 认为，在 CGI Inc. 发布第三季度业绩后，人工智能对该公司业务的影响“仍然是投资者关注的关键问题”。他表示：“从积极方面看，鉴于 AI 的复杂性和快速演进，客户正寻求 CGI 的帮助，以使他们的数据/系统准备好迎接先进的 AI，并安全、可靠、负责且经济地部署 AI。”
目标价：Kwan 先生维持其“持有”评级，将其目标价从 $99 上调至 $118。市场共识价为 $185。
边际。然而，其市盈率仅为 12.37 倍，股息率 3.49%，与表中其他公司相比，其倍数相对较低。肥胖药物市场的竞争给该股票带来了压力，今年以来下跌 1.5%，过去一年仅上涨 3.1%，使其与上述两家巨头公司形成了鲜明的价值对比。
Trading Central Strategy Builder 提供了回测功能，用于评估一项投资策略在过去的效果如何。使用五年的历史时期并进行季度再平衡，上述筛选策略的年化回报率为 22%，而标准普尔 500 指数 (S&P 500 Index) 为 11%。
此处呈现的投资观点仅供参考。它们不构成 Trading Central 关于投资金融工具的建议或推荐。投资者在投资前应进行进一步研究。
TD Cowen 分析师 Aaron MacNeil 认为 Trican Well Service Ltd. 的股价回调为投资者创造了“具有吸引力的进场点”，因此将其评级从之前的“持有”上调至“买入”。他表示：“尽管伊朗冲突带来的宏观利好以及加拿大开发新出口通道的举措提供了支撑，但 TCW 今年以来股价有所下跌。”
目标价：MacNeil 先生的目标价维持在 $7.50。共识预期为 $8.25。
TSX 指数及子指数
| 指数名称 | 收盘价 | 净值变化 | 涨跌幅 % | 成交量 (千股) | 年初至今涨跌幅 % |
|---|---|---|---|---|---|
| TSX 综合指数 (TSX COMPOSITE IND) | 35505.84 | 172.06 | 0.49 | 245711 | 11.96 |
| TSX 60 指数 (TSX 60 INDEX) | 2099.07 | 7.44 | 0.36 | 100291 | 12.85 |
| TSX 完成指数 (TSX COMPLETION IN) | 2254.49 | 23.07 | 1.03 | 145420 | 8.41 |
| TSX 小盘股指数 (TSX SMALLCAP INDE) | 1370.01 | 19.80 | 1.47 | 91049 | 14.50 |
| TSX 创业板综合指数 (TSX VENTURE COMPO) | 875.50 | 16.94 | 1.97 | 37767 | -11.36 |
| TSX 非必需消费品 (TSX CONSUMER DISC) | 409.31 | 1.61 | 0.39 | 4239 | 6.98 |
| TSX 必需消费品 (TSX CONSUMER STAP) | 1330.40 | -15.18 | -1.13 | 3636 | 7.45 |
| TSX 能源上限 (TSX ENERGY CAPPED) | 431.80 | 5.07 | 1.19 | 44827 | 43.73 |
| TSX 金融类-加 (TSX FINANCIALS CA) | 765.38 | 8.94 | 1.18 | 27088 | 21.97 |
| TSX 医疗保健类 (TSX HEALTH CARE C) | 24.08 | 0.94 | 4.06 | 4377 | 9.95 |
| TSX 工业类 (TSX INDUSTRIALS C) | 512.55 | -14.60 | -2.77 | 18381 | 9.75 |
| TSX 信息技术 (TSX INFORMATION T) | 311.56 | -4.48 | -1.42 | 11096 | -4.61 |
| TSX 材料上限 (TSX MATERIALS CAP) | 729.93 | 21.82 | 3.08 | 73036 | -2.64 |
| TSX 房地产类 (TSX REAL ESTATE C) | 323.66 | -2.24 | -0.69 | 6378 | 2.30 |
| TSX 全球黄金指数 (TSX GLOBAL GOLD I) | 759.68 | 26.37 | 3.60 | 106650 | -7.09 |
| TSX 全球矿业 (TSX GLOBAL MINING) | 220.33 | 8.03 | 3.78 | 294056 | 5.01 |
| TSX 收益信托 (TSX INCOME TRUST) | 253.99 | -2.00 | -0.78 | 7037 | 15.33 |
| TSX 优先股 (TSX PREFERRED SHA) | 720.40 | 1.23 | 0.17 | 466 | 3.47 |
| TSX 通信 (TSX COMMUNICATION) | 151.69 | -3.25 | -2.10 | 17081 | -3.30 |
| TSX 实用事业上限 (TSX UTILITIES CAP) | 413.97 | 0.51 | 0.12 | 13090 | 17.50 |
美国
TSX 涨幅榜 股价在 $1 或以上的 20 只热门股
| 股票代码及名称 | 收盘价 | 净值变化 | 涨跌幅 % | 成交量 | 年初至今涨跌幅 % |
|---|---|---|---|---|---|
| MUU SAVVYLONG 2X | 13.01 | 3.39 | 35.24 | 737 | -42.18 |
| MSFU SAVVYLONG 2X | 16.18 | 3.71 | 29.75 | 363 | -23.17 |
| BHC BAUSCH HEALTH | 8.43 | 1.87 | 28.51 | 3383 | -11.54 |
| KEEL KEEL INFRAST | 5.64 | 1.19 | 26.74 | 8306 | 88.00 |
| SNDK SANDISK CDR | 31.15 | 6.40 | 25.86 | 1587 | -3.49 |
| AMDU SAVVYLONG 2X | 17.56 | 3.59 | 25.70 | 7 | -18.70 |
| SOXU MEGALONG 3X | 34.94 | 7.09 | 25.46 | 79 | 162.89 |
| HUT HUT 8 CORP | 151.68 | 27.75 | 22.39 | 677 | 140.30 |
| CRWV COREWEAVE CD | 14.02 | 2.45 | 21.18 | 216 | -42.68 |
| HIVE HIVE DIGITAL | 4.21 | 0.66 | 18.59 | 3768 | 18.93 |
| MU MICRON CDR (CA | 38.58 | 6.01 | 18.45 | 2577 | 202.40 |
| PWRS QUANTA SERVI | 24.94 | 3.80 | 17.98 | 1 | -13.52 |
| LRCX LAM RESEARCH | 26.09 | 3.93 | 17.73 | 75 | 3.16 |
| MSHE-U HARVEST MI | 8.86 | 1.29 | 17.04 | 12 | -20.47 |
| WDC WESTERN DIGIT | 32.81 | 4.71 | 16.76 | 82 | 16.39 |
| AMDY HARVEST AMD | 38.75 | 5.27 | 15.74 | 112 | 95.12 |
| MSFT MICROSOFT CD | 31.59 | 4.14 | 15.08 | 7593 | -8.25 |
| MSHE HARVEST MICR | 9.08 | 1.18 | 14.94 | 646 | -18.78 |
| AMAT APPLIED MATE | 55.62 | 7.17 | 14.80 | 38 | 90.94 |
| MNO MERIDIAN MINI | 1.56 | 0.19 | 13.87 | 320 | 2.63 |
S&P/TSX 综合指数股票 按市值排列的最大股票
| 股票代码及名称 | 收盘价 | 净值变化 | 涨跌幅 % | 成交量 | 年初至今涨跌幅 % |
|---|---|---|---|---|---|
| VNP 5N PLUS INC. | 32.19 | 1.18 | 3.81 | 428 | 81.66 |
| ABRA ABRASILVER R | 14.16 | 0.66 | 4.89 | 457 | 32.58 |
| AAV ADVANTAGE ENE | 10.73 | -0.04 | -0.37 | 418 | -8.60 |
| ARE AECON GROUP I | 44.78 | 0.37 | 0.83 | 819 | 43.16 |
| AEM AGNICO EAGLE | 211.22 | 8.09 | 3.98 | 917 | -9.25 |
| AC AIR CANADA | 26.24 | 0.87 | 3.43 | 3601 | 36.03 |
| AGI ALAMOS GOLD I | 39.74 | -0.39 | -0.97 | 1489 | -25.02 |
| AQN ALGONQUIN POW | 8.38 | 0.00 | 0.00 | 3883 | -0.71 |
| ATD ALIMENTATION | 89.78 | -1.15 | -1.26 | 781 | 19.77 |
| AAUC ALLIED GOLD | 24.85 | 0.85 | 3.54 | 2856 | -20.99 |
| AP-UN ALLIED PROP | 10.09 | 0.04 | 0.40 | 857 | -24.53 |
| ALA ALTAGAS LTD. | 55.83 | 0.19 | 0.34 | 953 | 33.41 |
| ALS ALTIUS MINERA | 59.07 | 0.04 | 0.07 | 212 | 44.64 |
| AIF ALTUS GROUP L | 46.81 | -0.87 | -1.82 | 136 | -17.46 |
| USA AMERICAS GOLD | 5.49 | 0.34 | 6.60 | 1002 | -22.02 |
| ARX ARC RESOURCES | 32.98 | 0.44 | 1.35 | 2913 | 28.08 |
| ARIS ARIS MINING | 19.96 | 0.39 | 1.99 | 907 | -10.33 |
| ATZ ARITZIA INC | 138.52 | 3.19 | 2.36 | 658 | 18.04 |
| ACO-X ATCO LTD. C | 81.41 | 3.10 | 3.96 | 236 | 44.40 |
| ATH ATHABASCA OIL | 10.41 | -0.21 | -1.98 | 1641 | 48.08 |
| ATRL ATKINSREALIS | 85.71 | -0.53 | -0.61 | 556 | -3.26 |
| ATS ATS CORPORATI | 37.54 | 0.23 | 0.62 | 270 | -0.71 |
| ASM AVINO SILVER | 7.73 | 0.32 | 4.32 | 510 | -9.48 |
| AYA AYA GOLD AND | 28.68 | 1.66 | 6.14 | 1172 | 46.03 |
AC 加拿大航空 (AIR CANADA) 26.24 0.87 3.43 3601 36.03 ALZ 安联 (ALLIANZ CDR) ( 32.61 0.53 1.65 11.07 ARX Arc Resources 32.98 0.44 1.35 2913 28.08 ACO-X ATCO 公司 C (ATCO LTD. C) 81.41 3.10 3.96 236 44.40 BN-PR-B Brookfield (BROOKFIEL) 14.14 -0.05 -0.35 12 9.87 BIP-UN Brookfield (BROOKFIELD) 58.94 -1.26 -2.09 591 23.54 LFE-PR-B Canadian (CANADIAN) 10.99 0.05 0.46 16 1.20 CTC-A Canadian Tire (CANADIAN TI) 207.00 0.23 0.11 158 19.01 CU Canadian Utilities (CANADIAN UTILI) 56.60 1.66 3.02 440 32.46 CAPN Capital Group (CAPITAL GROU) 25.26 0.39 1.57 1.04 CAPU Capital Group (CAPITAL GROU) 2.45 0.00 0.00 CSW-A Corby Spirit (CORBY SPIRI) 16.64 -0.16 -0.95 16 12.43 DCM Data Communications (DATA COMMUNIC) 2.75 0.10 3.77 82 67.68 DS Dividend Select (DIVIDEND SELEC) 8.42 0.01 0.12 10 13.63 EMA-PR-J Emera Inc (EMERA IN) 27.50 0.32 1.18 10 9.30 EMA-PR-F Emera Inc (EMERA IN) 26.46 0.26 0.99 1 4.17 ENB-PF-U Enbridge (ENBRIDGE) 25.08 0.03 0.12 4.37
BTO B2Gold Corp. 5.39 0.11 2.08 2305 -12.78 BCE BCE Inc. 30.41 -1.01 -3.21 6106 -7.12 BDGI Badger Infrastructure (BADGER INFRA) 85.09 4.21 5.21 176 16.35 BMO 蒙特利尔银行 (BANK OF MONTR) 250.31 5.21 2.13 1422 40.43 BNS 新斯科舍银行 (BANK OF NOVA) 123.10 1.96 1.62 2514 21.60 ABX 巴里克金矿 (BARRICK MININ) 52.75 1.64 3.21 5134 -11.77 BHC Bausch Health (BAUSCH HEALTH) 8.43 1.87 28.51 3386 -11.54 BTE Baytex Energy (BAYTEX ENERGY) 6.00 0.13 2.21 3275 35.14 BIR Birchcliff Energy (BIRCHCLIFF EN) 6.27 -0.06 -0.95 949 -16.06 BDT Bird Construction (BIRD CONSTRUC) 65.16 1.30 2.04 205 128.47 BB 黑莓有限公司 (BLACKBERRY LIM) 11.85 0.83 7.53 4304 128.76 BEI-UN Boardwalk (BOARDWALK) 66.84 -0.26 -0.39 170 3.66 BBD-B 庞巴迪 (BOMBARDIER) 330.01 -28.30 -7.90 504 41.33 BLX Boralex Inc. 37.13 0.01 0.03 158 46.59 BYD Boyd Group Services (BOYD GROUP SE) 144.42 -10.11 -6.54 87 -33.94 BAM Brookfield Asset (BROOKFIELD AS) 67.19 0.66 0.99 1024 -6.55 BBUC Brookfield B (BROOKFIELD B) 44.10 -0.77 -1.72 44 -10.09 BN Brookfield Corp (BROOKFIELD COR) 58.89 0.29 0.49 2292 -6.55 BIP-UN Brookfield (BROOKFIELD) 58.94 -1.26 -2.09 590 23.54 BEP-UN Brookfield (BROOKFIELD) 45.61 1.18 2.66 367 22.97 DOO BRP Inc 87.41 1.38 1.60 251 -9.93
CAR-UN CDN Apartments (CDN APARTM) 35.01 -0.38 -1.07 420 -5.04 CNQ Canadian Natural Resources (CDN NATURAL R) 66.22 0.91 1.39 5764 42.44 GIB-A CGI Inc 102.67 -2.34 -2.23 588 -19.02 CRT-UN CT Real Estate (CT REAL ES) 18.61 -0.14 -0.75 289 14.38 CAE CAE Inc 36.12 -0.77 -2.09 694 -13.46 CCO Cameco Corp (CAMECO CORP) 123.56 4.73 3.98 945 -1.69 CM Canadian Imperial (CANADIAN IMPER) 165.62 2.03 1.24 1528 33.10 CNR Canadian National (CANADIAN NATI) 178.08 -4.49 -2.46 1588 31.18 CP Canadian Pacific (CANADIAN PACIF) 123.31 -5.05 -3.93 1572 22.03 CTC-A Canadian Tire (CANADIAN TI) 207.00 0.23 0.11 158 19.01 CU Canadian Utilities (CANADIAN UTILI) 56.60 1.66 3.02 440 32.46 CPX Capital Power 67.72 1.72 2.61 626 15.66 CS Capstone Copper (CAPSTONE COPPE) 13.25 0.45 3.52 3593 -3.85 CJT Cargojet Inc. 84.77 -0.81 -0.95 57 0.99 CCL-B CCL Industries (CCL INDUSTR) 92.88 -1.09 -1.16 316 7.13 CLS Celestica Inc 493.32 31.92 6.92 394 21.50
交易所交易基金 (ETFS) 股价 1 美元或以上股票 ($1 OR MORE)
BANK Evolve CDN B 11.93 0.21 1.79 722 23.12 CASH Global X High (GLOBAL X HIG) 50.01 0.01 0.02 645 0.06 DLR-U Global X US (GLOBAL X US) 10.12 0.00 0.00 795 -0.20 DLR Global X US D (GLOBAL X US D) 14.17 -0.04 -0.28 1387 1.80 HHIS Harvest Diversified (HARVEST DIVE) 10.67 0.22 2.11 869 -12.83 HNU BetaPro Nat Gas (BETAPRO NAT G) 7.80 0.11 1.43 2514 -52.15 HOU BetaPro Crude (BETAPRO CRUDE) 19.46 -0.71 -3.52 1296 121.89 MSHE Harvest Micro (HARVEST MICR) 9.08 1.18 14.94 646 -18.78 NVHE Harvest Nvidia (HARVEST NVID) 12.16 0.16 1.33 491 -2.64 QQU BetaPro Nasdaq (BETAPRO NASDA) 34.85 2.10 6.41 640 15.70 RING Global X Equal (GLOBAL X EQL) 16.40 -0.49 -2.90 1271 -10.48 SQQQ BetaPro -3X (BETAPRO -3X) 8.70 -0.93 -9.66 917 -33.79
大宗商品 (COMMODITIES)
多伦多证券交易所 (TSX) 成交量 股价 1 美元或以上股票前 20 名 (TOP 20 FOR STOCKS $1 OR MORE)
WCP Whitecap Resources (WHITECAP RESO) 16.46 0.44 2.75 11366 43.13 IVN Ivanhoe Mines 10.57 -0.02 -0.19 9327 -32.29 KEEL Keel Infrastructure (KEEL INFRAST) 5.64 1.19 26.74 8306 88.00 ENB Enbridge Inc 77.68 0.12 0.15 7734 18.27 T Telus Corporation (TELUS CORPORATI) 15.08 -0.57 -3.64 7727 -16.64 MSFT 微软 CDR (MICROSOFT CD) 31.59 4.14 15.08 7593 -8.25 BCE BCE Inc. 30.41 -1.01 -3.21 6106 -7.12 CNQ Canadian Natural Resources (CDN NATURAL R) 66.22 0.91 1.39 5764 42.44 ABX 巴里克金矿 (BARRICK MININ) 52.75 1.64 3.21 5134 -11.77 BB 黑莓有限公司 (BLACKBERRY LIM) 11.85 0.83 7.53 4304 128.76 MFC 宏利金融 (MANULIFE FIN) 62.40 0.65 1.05 4277 25.20 DML Denison Mines 4.08 0.29 7.65 4133 12.09 CVE Cenovus Energy (CENOVUS ENERG) 42.48 1.65 4.04 4117 82.95 AQN Algonquin Power (ALGONQUIN POW) 8.38 0.00 0.00 3883 -0.71 AG First Majestic 21.93 0.52 2.43 3784 -4.24 HIVE Hive Digital 4.21 0.66 18.59 3768 18.93 K Kinross Gold Co 33.09 0.38 1.16 3676 -14.41 AC 加拿大航空 (AIR CANADA) 26.24 0.87 3.43 3601 36.03 CS Capstone Copper (CAPSTONE COPPE) 13.25 0.45 3.52 3593 -3.85 TD 多伦多-多明尼언银行 (TORONTO-DOMINI) 167.77 3.25 1.98 3442 29.69
CVE CENOVUS ENERG 42.48 1.65 4.04 4117 82.95 CG CENTERRA GOLD 25.67 1.72 7.18 990 29.91 CEU CES ENERGY SO 16.24 -0.01 -0.06 302 32.36 CSH-UN CHARTWELL 22.81 -0.21 -0.91 197 13.48 CHP-UN CHOICE PRO 15.89 -0.05 -0.31 474 7.29 CCA COGECO COMMUN 60.20 -1.56 -2.53 135 -9.43 CIGI COLLIERS INT 138.87 -3.20 -2.25 162 -31.16 CSU CONSTELLATION 3020.02 -96.70 -3.10 58 -8.52 CRR-UN CROMBIE RE 17.48 -0.14 -0.79 163 14.47 CURA CURALEAF HOL 12.28 0.52 4.42 117 20.04
TSX 跌幅榜 股价在 $1 或以上股票的前 20 名
SOXD MEGASHORT -3 1.82 -0.65 -26.32 468 -91.15 AFN AG GROWTH INT 14.32 -4.48 -23.83 1242 -38.28 NPS CANADIAN LARG 13.51 -2.74 -16.86 11 4.73 METU SAVVYLONG 2X 14.18 -2.81 -16.54 160 -31.63 LSPD LIGHTSPEED C 13.49 -1.98 -12.80 2393 -18.54 AVL AVALON ADVANC 5.10 -0.68 -11.76 34 -43.33 SHPU SAVVYLONG 2X 7.83 -0.97 -11.02 12 -55.71 SNY SANOFI CDR (C 18.91 -2.28 -10.76 2 -11.26 TOY SPIN MASTER C 20.87 -2.49 -10.66 533 9.55 ASTL ALGOMA STEEL 5.35 -0.62 -10.39 1530 -5.31 QQQD MEGASHORT -3 8.09 -0.90 -10.01 32 -32.92 SQQQ BETAPRO -3X 8.70 -0.93 -9.66 917 -33.79 MSTZ SAVVYSHORT - 8.15 -0.86 -9.54 24 -62.34 METE HARVEST META 7.41 -0.78 -9.52 247 -28.27 CSCI COSCIENS BIO 7.15 -0.75 -9.49 -16.08 META META CDR (CA 28.67 -2.63 -8.40 2882 -19.49 BBD-B BOMBARDIER 330.01 -28.30 -7.90 504 41.33 CGMD MEGASHORT -3 11.90 -0.97 -7.54 7 -42.51 TSLD SAVVYSHORT - 14.27 -1.16 -7.52 14 51.49 CIA CHAMPION IRON 3.57 -0.29 -7.51 1690 -34.97
DFY DEFINITY FINA 78.51 -0.70 -0.88 260 3.40 DML DENISON MINES 4.08 0.29 7.65 4133 12.09 DSG DESCARTES SYS 104.42 -5.23 -4.77 325 -13.28 DSV DISCOVERY MIN 9.12 0.55 6.42 2251 8.83 DOL DOLLARAMA INC 191.43 2.01 1.06 492 -6.68 DPM DPM METALS IN 52.30 3.00 6.09 642 23.29 DIR-UN DREAM INDU 14.46 -0.15 -1.03 306 14.94
EQB EQB INC 140.27 -0.20 -0.14 42 35.02 ELD ELDORADO GOLD 45.89 0.98 2.18 560 -6.97 EFN ELEMENT FLEET 31.20 -0.79 -2.47 573 -13.45 EMA EMERA INCORPO 75.79 -0.23 -0.30 867 12.05 EMP-A EMPIRE COMP 51.18 -1.32 -2.51 208 7.25 ENB ENBRIDGE INC 77.68 0.12 0.15 7734 18.27 EDR ENDEAVOUR SIL 10.86 0.23 2.16 1255 -15.88 EFX ENERFLEX LTD 30.89 1.15 3.87 643 45.98 EFR ENERGY FUELS 16.37 1.30 8.63 854 -17.66 EQX EQUINOX GOLD 13.19 0.62 4.93 2772 -31.62 ERO ERO COPPER CO 37.87 2.39 6.74 285 -2.47 EIF EXCHANGE INCO 126.92 2.35 1.89 159 54.86 EXE EXTENDICARE I 36.40 -0.30 -0.82 282 70.49
FFH FAIRFAX FINAN 2360.58 -50.35 -2.09 79 -9.76 FTT FINNING INTL 93.61 2.63 2.89 632 25.87 FCR-UN FIRST CAPI 22.89 0.03 0.13 548 21.11 AG FIRST MAJESTIC 21.93 0.52 2.43 3784 -4.24 FM FIRST QUANTUM 38.96 0.99 2.61 2617 5.87 FSV FIRSTSERVICE 202.02 2.05 1.03 197 -5.35 FTS FORTIS INC 80.55 -0.47 -0.58 1022 12.88 FVI FORTUNA MININ 12.29 0.54 4.60 558 -8.62 FNV FRANCO-NEVADA 309.87 8.43 2.80 334 8.91 FRU FREEHOLD ROYA 17.17 0.35 2.08 1189 13.03
GMIN G MINING VEN 42.87 1.95 4.77 689 3.33 GFL GFL ENVIRONME 58.13 1.50 2.65 1615 -1.41 GEI GIBSON ENERGY 32.24 -0.24 -0.74 570 28.34 GIL GILDAN ACTIVE 73.37 1.54 2.14 1171 -14.48 GRT-UN GRANITE RE 96.40 -1.54 -1.57 58 17.98 GWO GREAT-WEST LI 91.87 1.44 1.59 1213 35.72
HPS-A HAMMOND POW 252.70 18.66 7.97 168 58.45 HWX HEADWATER EXP 13.29 -0.11 -0.82 380 41.84 HR-UN HR REAL EST 11.09 -0.06 -0.54 768 8.41 HBM HUDBAY MINERA 31.84 0.94 3.04 3078 16.84 H HYDRO ONE LIMIT 58.26 -0.45 -0.77 749 6.63
IAU I 80 GOLD COR 1.88 0.09 5.03 1394 -6.93 IAG IA FINANCIAL 207.83 4.27 2.10 274 16.87 IMG IAMGOLD CORP 20.37 0.79 4.03 1139 -10.07 IGM IGM FINANCIAL 86.44 4.51 5.50 661 39.85 IMO IMPERIAL OIL 180.84 -0.12 -0.07 730 52.50 IFC INTACT FINANC 277.95 -6.85 -2.41 573 -2.72 IPCO INTERNATIONA 30.79 0.21 0.69 219 24.00
TCSH TD CASH MANA 50.01 0.01 0.02 510 -0.18 TQQQ BETAPRO 3X N 32.22 2.79 9.48 554 17.68 UMAX HAMILTON UTI 13.60 -0.18 -1.31 750 3.26 XBB ISHARES CORE 27.87 0.03 0.11 489 -1.03 XCB ISHARES CORE 19.97 0.02 0.10 598 -1.29 XEG ISHARES SP TS 27.58 0.31 1.14 1265 43.50 XEQT ISHARES CORE 44.78 0.65 1.47 571 12.26 XGD ISHARES S&P/T 47.48 1.73 3.78 502 -7.12 XIU ISHARES SP TS 53.14 0.23 0.43 2089 13.09 ZAG BMO AGGREGATE 13.66 0.02 0.15 582 -0.87 ZEB BMO EQUAL WEI 76.16 1.30 1.74 828 30.63 ZWU BMO COVERED C 11.83 -0.07 -0.59 491 6.87
TSX 52周新高 股票 $1 或以上
TSX 52周新低 股票 $1 或以上
AMAP AMAPA MINERA 1.08 -0.06 -5.26 471 -1.82 AVL AVALON ADVANC 5.10 -0.68 -11.76 34 -43.33 PAYI BROMPTON UTI 23.58 -0.60 -2.48 4 -6.02 CAPU CAPITAL GROU 2.45 0.00 0.00 CIA CHAMPION IRON 3.57 -0.29 -7.51 1690 -34.97 CCA COGECO COMMUN 60.20 -1.56 -2.53 135 -9.43 DGGB DESJARDINS G 19.85 0.00 0.00 4 -1.00
IIP-UN INTERRENT 13.54 0.01 0.07 647 2.65 IVN IVANHOE MINES 10.57 -0.02 -0.19 9327 -32.29
JWEL JAMIESON WEL 41.28 -0.76 -1.81 80 22.67
KNT K92 MINING IN 23.42 0.78 3.45 563 3.22 KEL KELT EXPLORAT 9.81 0.12 1.24 613 27.90 KEY KEYERA CORP 60.44 0.09 0.15 832 37.36 KMP-UN KILLAM APA 18.78 -0.14 -0.74 331 14.51 KXS KINAXIS INC 162.41 -8.26 -4.84 122 -6.16 K KINROSS GOLD CO 33.09 0.38 1.16 3676 -14.41
LIF LABRADOR IRON 26.55 -0.09 -0.34 218 -11.11 LB LAURENTIAN BAN 40.30 0.05 0.12 217 0.00 LSPD LIGHTSPEED C 13.49 -1.98 -12.80 2393 -18.54 LNR LINAMAR CORP 105.02 0.84 0.81 63 26.59 LAC LITHIUM AMERI 4.06 0.24 6.28 995 -31.99 L LOBLAW CO 65.70 -0.33 -0.50 1159 5.88 LUG LUNDIN GOLD I 83.15 0.61 0.74 831 -27.07 LUN LUNDIN MINING 35.61 1.07 3.10 1865 20.71
MG MAGNA INTERNAT 97.91 0.77 0.79 986 33.81 MFC MANULIFE FIN 62.40 0.65 1.05 4277 25.20 MFI MAPLE LEAF FO 29.17 -0.15 -0.51 121 17.01 MDA MDA SPACE LTD 42.39 1.96 4.85 737 59.12 MX METHANEX CORP 77.26 0.49 0.64 376 41.92 MRU METRO INC 93.71 -1.65 -1.73 401 -5.14 MAU MONTAGE GOLD 16.76 0.69 4.29 547 69.64 MTL MULLEN GROUP 27.39 -0.46 -1.65 549 74.02
NA NATIONAL BANK 227.10 4.02 1.80 756 31.57 NXE NEXGEN ENERGY 13.03 0.50 3.99 2991 3.17 NFI NFI GROUP INC 25.25 -0.07 -0.28 214 62.69 NGEX NGEX MINERAL 25.89 0.67 2.66 136 1.13 NPI NORTHLAND POW 21.80 0.32 1.49 1032 22.13 NG NOVAGOLD RES I 8.46 0.34 4.19 478 -33.91 NTR NUTRIEN LTD 99.09 -0.09 -0.09 928 16.96
OR OR ROYALTIES I 42.96 1.46 3.52 311 -11.64 OGC OCEANAGOLD CO 34.84 0.77 2.26 381 -10.44 ONEX ONEX CORPORA 106.91 -1.01 -0.94 50 -5.36 OTEX OPEN TEXT CO 35.51 -0.87 -2.39 631 -20.56 OLA ORLA MINING L 13.17 0.61 4.86 1741 -28.66
PAAS PAN AMERICAN 61.65 1.85 3.09 658 -13.36 POU PARAMOUNT RES 29.19 -0.27 -0.92 122 20.67 PXT PAREX RESOURC 23.42 0.13 0.56 284 26.94 PPL PEMBINA PIPEL 70.56 -0.30 -0.42 1043 34.94 PPTA PERPETUA RES 26.48 2.21 9.11 84 -20.31 PEY PEYTO EXPLORA 25.61 -0.23 -0.89 494 12.77 POW POWER CORPORA 92.62 1.70 1.87 1914 26.96 PSK PRAIRIESKY RO 34.84 -0.02 -0.06 433 28.89 PBH PREMIUM BRAND 93.78 -0.50 -0.53 190 -7.80 PMZ-UN PRIMARIS R 22.89 -0.19 -0.82 427 46.82
QBR-B QUEBECOR IN 66.23 1.01 1.55 985 28.10
RBA RB GLOBAL INC 153.96 -7.93 -4.90 255 8.95 QSR RESTAURANT BR 104.11 -2.12 -2.00 456 11.16 RCH RICHELIEU HAR 35.46 0.01 0.03 89 -10.36 REI-UN RIOCAN REA 22.35 -0.20 -0.89 747 19.52 RCI-B ROGERS COMM 47.74 -1.22 -2.49 2126 -7.86 RY ROYAL BANK OF 294.37 4.03 1.39 1926 25.80 RUS RUSSEL METALS 67.01 -0.22 -0.33 246 52.99
债券 加拿大
期限 收益率 变动
2年期 2.85 -0.01 5年期 3.19 -0.01 10年期 3.59 0.00 30年期 4.00 0.00
利率 利率 变动
加拿大央行隔夜目标利率 2.25 不变 加拿大基准利率 4.45 不变 来源：电讯
XTC EXCO TECH 8.35 0.10 1.21 8 21.54 GWO-PR-N GREAT WE 21.08 0.42 2.03 1 12.73 GIAI GUARDIAN I3 19.70 1.09 5.86 31 1.65 HMM-A HAMMOND MA 21.22 1.04 5.15 29 89.30 MG MAGNA INTERNAT 97.91 0.77 0.79 986 33.81 PPL-PF-A PEMBINA 26.59 0.09 0.34 3 2.82 PPL-PR-E PEMBINA 26.80 0.05 0.19 7 4.56 PDV PRIME DIVIDEN 16.67 0.14 0.85 5 38.46 PWF-PR-P PWR FNL 21.85 0.05 0.23 10 8.28 SES SECURE WASTE 24.22 0.52 2.19 938 40.24 SGR-UN SLATE GROC 17.53 -0.20 -1.13 107 14.95 SGR-U SLATE GROCE 12.43 -0.18 -1.43 10.20 TOY SPIN MASTER C 20.87 -2.49 -10.66 533 9.55 SYK STRYKER CDR ( 23.54 -0.35 -1.47 10 16.82 TRP-PR-L TC ENERG 23.75 0.00 0.00 9.55 TRP-PR-B TC ENERG 19.96 0.10 0.50 4 9.97 TCWW TRADING CENT 21.91 0.00 0.00 4 9.00
GEO GEODRILL LIMI 2.44 0.01 0.41 6 -41.06 HAI HAIVISION SYS 4.37 -0.11 -2.46 50 -16.60 PBY LYSANDER-CANS 16.15 -0.03 -0.19 7 -0.12 PCA PHOENIX METAL 1.12 0.02 1.82 14 -10.40 REAL REAL MATTERS 4.83 -0.10 -2.03 30 -16.72 METU SAVVYLONG 2X 14.18 -2.81 -16.54 160 -31.63 TF TIMBERCREEK FI 6.22 -0.01 -0.16 418 -9.06
SAP SAPUTO INC. 41.37 -0.22 -0.53 455 0.15 SEA SEABRIDGE GOL 37.58 2.15 6.07 69 -7.64 SES SECURE WASTE 24.22 0.52 2.19 938 40.24 SHOP SHOPIFY INC 171.52 -10.21 -5.62 1553 -22.39 SIA SIENNA SENIOR 22.86 -0.31 -1.34 396 11.89 SVM SILVERCORP ME 13.51 0.68 5.30 459 17.68 SKE SKEENA RESOUR 38.27 2.24 6.22 220 17.39 SRU-UN SMARTCENTR 29.74 -0.21 -0.70 319 15.50 SOBO SOUTH BOW CO 52.46 -0.08 -0.15 1115 38.97 SXGC SOUTHERN CRO 9.73 0.52 5.65 232 -8.12 SDE SPARTAN DELTA 11.55 0.22 1.94 537 59.31 SII SPROTT INC. 149.49 3.39 2.32 44 11.19 SSRM SSR MINING I 37.35 2.18 6.20 346 24.13 STN STANTEC INC 97.19 -3.54 -3.51 545 -24.96 SJ STELLA JONES I 76.65 -0.88 -1.14 96 -9.96 SCR STRATHCONA RE 41.75 -0.22 -0.52 322 47.37 SLF SUN LIFE FINA 116.01 0.29 0.25 1483 35.40 SU SUNCOR ENERGY 93.53 0.97 1.05 2026 53.53 SPB SUPERIOR PLUS 7.98 -0.08 -0.99 707 13.35
TRP TC ENERGY COR 95.31 0.70 0.74 2042 26.10 X TMX GROUP LIMIT 51.72 -0.03 -0.06 920 -0.98 TVE TAMARACK VALL 13.23 -0.10 -0.75 1313 65.79 TECK-B TECK RESOU 87.53 6.66 8.24 1465 33.21 T TELUS CORPORATI 15.08 -0.57 -3.64 7727 -16.64 TVK TERRAVEST IND 124.05 2.91 2.40 72 -24.59 TFII TFI INTERNAT 188.25 -10.02 -5.05 229 32.69 NWC THE NORTH WES 51.30 -0.62 -1.19 83 4.89 TRI THOMSON REUTE 138.41 -10.94 -7.33 823 -23.59 TPZ TOPAZ ENERGY 31.98 -0.32 -0.99 511 16.12 TXG TOREX GOLD RE 56.73 1.85 3.37 448 -13.44 TIH TOROMONT IND 216.05 9.24 4.47 345 30.11 TD TORONTO-DOMINI 167.77 3.25 1.98 3442 29.69 TOU TOURMALINE OI 62.30 -2.16 -3.35 2234 1.19 TA TRANSALTA CORP 18.04 0.52 2.97 1453 3.92 TKO TREKOR METALS 9.87 0.42 4.44 1015 27.03 TFPM TRIPLE FLAG 41.49 1.18 2.93 185 -9.03 TSU TRISURA GROUP 42.32 -0.77 -1.79 165 -0.94
VET VERMILION ENE 16.12 0.85 5.57 1943 41.16 VZLA VIZSLA SILVE 4.55 0.16 3.64 482 -39.49
WSP WSP GLOBAL IN 167.16 -3.43 -2.01 447 -32.74 WCN WASTE CONNECT 233.03 -10.21 -4.20 567 -3.19 WDO WESDOME GOLD 26.84 0.60 2.29 448 18.03 WFG WEST FRASER T 88.96 -4.63 -4.95 287 5.94 WN WESTON GEORGE 104.51 -1.36 -1.28 155 10.37 WPM WHEATON PRECI 158.70 4.77 3.10 496 -1.65 WCP WHITECAP RESO 16.46 0.44 2.75 11366 43.13
CURRENCIES 货币 FOREIGN EXCHANGE CROSS RATES 外汇交叉汇率
CAD 加元 USD 美元 AUD 澳元 EUR 欧元 GBP 英镑 JPY 日元 CHF 瑞士法郎
0.7136 1.0161 0.6192 0.5301 113.84 0.5749 USD 1.4013 - 1.4239 0.8677 0.7428 159.52 0.8058 AUD 0.9840 0.7022 - 0.6093 0.5216 111.99 0.5657 EUR 1.6148 1.1525 1.6416 - 0.8561 183.84 0.9286 GBP 1.8864 1.3463 1.9174 1.1681 - 214.74 1.0846 JPY 0.0088 0.0063 0.0089 0.0054 0.0047 - 0.0051 CHF 1.7392 1.2412 1.7681 1.0770 0.9220 198.00 -
多伦多 Tempo 队的后卫 Marina Mabrey（右）在周四于多伦多丰业银行竞技场（Scotiabank Arena）举行的比赛上半场中运球，面对明尼苏达山猫队（Minnesota Lynx）后卫 Courtney Williams。山猫队以 104-72 获胜。 赛事报道请访问 GLOBESPORTS.COM
顺势而下
安大略省体育博彩 在世界杯期间 激增
SIMON HOUPT
根据 iGaming Ontario 周四公布的数据，在国际足联 (FIFA) 世界杯引发的大量关注下，安大略省的体育博彩在 6 月激增，活跃投注账户数量和投注金额同比均增长超过 30%。目前，博彩公司希望将所有这些新客户转化为其赌场及其他在线游戏的玩家。上个月，安大略省人在体育、电子竞技、道具盘和新奇投注以及交易所投注上共下注 10.3 亿美元（$1.03-billion），比 2025 年 6 月的 7.68 亿美元（$768-million）增长了 35%。加拿大的体育博彩公司希望利用首次在本土举办世界杯以及仅为第三次包含加拿大男子队的炒作，预计这将吸引许多首次投注者或随意投注者。总投注额比 5 月增长了 6%，使得 2026 年成为该省自 2022 年向私人博彩运营商开放以来，首个 6 月份体育投注金额比前一个月增长的年份。传统上，随着 NHL 和 NBA 赛季在 6 月中旬结束，博彩活动会下降。6 月份该省有 132 万 (1.32 million) 个活跃玩家账户，比 2025 年 6 月的 101 万 (1.01 million) 个账户增长了 30%。这使其成为有记录以来月度总数第二高，仅次于今年 1 月的 133 万 (1.33 million) 个活跃账户。（由于个人可以拥有多个账户，因此该数字并不代表有多少人是活跃投注者。）这些数据不包括安大略省政府所有的博彩运营商——安大略省乐透与博彩公司（Ontario Lottery and Gaming Corporation）提供的投注。安大略省的体育博彩运营商此前预计，在追随加拿大队热潮的球迷推动下，世界杯将为他们的网站带来数十万名新投注者。在线支付处理商 Paysafe 的一项调查显示，预计 46% 的安大略省人将对该赛事进行投注，其中 9% 将进行首次投注。预期的投注者激增让在线博彩的批评者感到担忧。在世界杯开赛当天，加拿大心理健康协会发起了一场公益活动，警告将体育博彩常态化所带来的负面影响。在赛事前几周的一次行业会议小组讨论中，DraftKings 体育博彩运营负责人 Tim Whitehead 将世界杯描述为“能够突破体育媒体进入主流和流行文化之事件之一”。他在 SBC Summit Canada 会议上解释道：“你会接触到更广泛的人群，包括单纯寻求娱乐的人以及对你的产品感到新鲜的人，因为这是一种文化体验。人们只是想参与其中。”
[ TEMPO 对阵 LYNX ]
BAILEY MCLEAN/GETTY IMAGES
NEIL DAVIDSON
Jordyn Huitema 正试图在“丑陋中寻找美丽”。所谓的“丑陋”，是指这位加拿大国家队前锋在 7 月 18 日代表芝加哥之星队（Chicago Stars）在国家女子足球联赛中对阵天使之城队（Angel City）时遭受的膝盖伤势。这位来自不列颠哥伦比亚省奇利威克（Chilliwack, B.C.）的 25 岁球员目前正在等待手术。而“美丽”则是 Jordyskin，这是 Huitema 在受伤四天后推出的新护肤系列。Jordyskin 历经四年打造，首批上市的产品包括一款保湿泡沫洁面乳、乳液爽肤水和每日保湿霜，均可在网上购买。“这段旅程非常漫长，所以我终于很兴奋能把它交给人们，让他们尝试并提供意见，”Huitema 在一次采访中说道，她的身后堆放着一叠产品。“到目前为止，反馈简直不可思议，这让我很心暖。因为这个品牌的初衷就是为了让人们的生活变得更好。”
“我们不想为了钱或其他原因而这么做。我们只是真心想创造一个人们可以信赖的产品。到目前为止，反馈是人们非常喜欢它，所以这实现了我所能梦想的一切，甚至更多。”凭借在 Instagram 上 1.3 million 的关注者，Huitema 已经拥有了庞大且忠实的受众。多年与痤疮的抗争让 Huitema 对护肤产生了兴趣。加上训练后重复的清洗，她的皮肤承受了巨大的压力。“我的皮肤会脱皮，变得超级敏感且容易受刺激，因为那些产品不是为我设计的。而现在我配制了这款产品，我每天使用三次，效果完美，”她说道。Huitema 清楚自己在成分要求和产品触感上的诉求。但为了最终获得想要的结果，她经历了无数次试验并更换了制造商。每一次她拒绝方案，就意味着需要再花三个月的时间重新配制。
[[IMG_XXXX]] 加拿大国家队前锋 Jordyn Huitema 展示她的新护肤系列 Jordyskin 的样品。
“我曾是一个强势的 CEO，要求一切必须完美。这就是为什么我觉得现在非常有成就感，终于感觉它成了我想要的所有样子。”
Jordyskin 旨在面向男女通用。Huitema 表示，虽然该系列被宣传为“为运动员打造”，但任何人都可以使用。
她的队友们已经测试了这些产品，其中几位——包括好友兼加拿大队友 Julia Grosso——参与了该系列的营销。现在，芝加哥队的更衣室里摆满了她的产品。
Huitema 还邀请了家人参与其中。
“我想测试年轻的皮肤，成熟的皮肤，”她解释道，“在产品推出之前，我想测试所有可能的情况。我想确保它对每个人都有效。”
不过，Huitema 本人是最初的“小白鼠”，在寻求他人测试之前，她先在自己身上试用。
Huitema 是唯一的投资者，将自己的资金投入到这个她称之为“热爱项目”的事业中。虽然她希望扩展产品线，但她也知道如果业务继续增长，她将需要投资者。但目前这一切都由她操持，包括包装和发送产品。
双重打击结束了 Huitema 的足球赛季。在第 20 分钟，她在天使之城队的冲击下膝盖受伤需要治疗，随后在回到球场参与一次空中争顶落地时，再次以尴尬的方式摔倒。
Auger-Aliassime 旨在追随 Mboko 的脚步，赢得 NBO 公开赛 B13
WNBA 表示 Bueckers 和 Reese 因全明星周末期间的赌球行为不会受到处罚 B15
14 岁的纳迪亚·科曼奇（Nadia Comaneci）在 1976 年吸引了全世界的目光，并成为女性运动发展的关键人物
CHARLOTTE GLORIEUX 蒙特利尔
纳迪亚·科曼奇周四穿着的亮橙色套装，与蒙特利尔市中心加拿大奥林匹克之家外的奥林匹克火炬颜色相呼应，而一条奥林匹克五环形状的金项链则暗示了她此次回归的原因。在成为首位在奥运会上获得完美 10 分的体操运动员 50 年后，这位罗马尼亚传奇回到了这座她 14 岁时献上标志性表演的城市。
“回到蒙特利尔总是令人激动，” 64 岁的科曼奇说道。
“能够庆祝 50 周年是一段很长的时间。我们生活在一个倾向于快速遗忘瞬间的世界，能够来到这里庆祝自 ’76 年以来的这神奇 50 年是……一生一次的事件。”
对于科曼奇来说，蒙特利尔已与那项让她在全世界家喻户晓的成就密不可分。
“是体操，罗马尼亚和蒙特利尔，”她说，“这就是我的生活。这就是 ’76 年发生的事情。”
这位退役体操运动员在蒙特利尔赢得了五枚奖牌——三金、一银和一铜——但正是她在 1976 年 7 月 18 日的高低杠表演，奠定了她作为奥运传奇的地位。她是历史上赢得金牌最年轻的体操运动员，由于后来规则更改禁止了相关操作，这一纪录似乎将一直保持。
MLB
美国联盟 国家联盟
东分区 胜 负 胜率 落后 坦帕湾 64 44 .593 — 纽约 61 48 .560 31/2 波士顿 56 51 .523 71/2 巴尔的摩 53 56 .486 111/2 多伦多 50 59 .459 141/2 中分区 芝加哥 57 51 .528 — 克利夫兰 56 54 .509 2 明尼苏达 55 55 .500 3 底特律 51 58 .468 61/2 堪萨斯城 46 64 .418 12 西分区 德克萨斯 55 54 .505 — 休斯顿 55 55 .500 1/2 西雅图 53 56 .486 2 奥克兰 45 63 .417 91/2 洛杉矶 42 67 .385 13
东分区
周四 坦帕湾 3, 德克萨斯 2 明尼苏达 4, 堪萨斯城 3 芝加哥白袜 2, 纽约洋基 1, 11 局 波士顿 对 奥克兰 周三 巴尔的摩 10, 底特律 9, 12 局 坦帕湾 3, 德克萨斯 0 堪萨斯城 4, 明尼苏达 0 芝加哥白袜 6, 纽约洋基 5, 12 局 休斯顿 7, 洛杉矶天使 4 波士顿 4, 奥克兰 2, 10 局 周五 — 全部为东部时间 芝加哥白袜 对 坦帕湾, 7:10 p.m. 德克萨斯 对 休斯顿, 8:15 p.m. 底特律 对 奥克兰, 9:40 p.m. 明尼苏达 对 西雅图, 10:10 p.m. 周六 明尼苏达 对 西雅图, 4:10 p.m. 芝加哥白袜 对 坦帕湾, 4:10 p.m. 德克萨斯 对 休斯顿, 7:10 p.m. 底特律 对 奥克兰, 9:40 p.m.
跨联盟
周四 西雅图 对 洛杉矶道奇 周三赛果 多伦多 5, 华盛顿 2 克利夫兰 6, 辛辛那提 1 洛杉矶道奇 4, 西雅图 2 周五 全部为东部时间 纽约洋基 对 芝加哥小熊, 2:20 p.m. 费城 对 巴尔的摩, 7:05 p.m. 圣路易斯 对 多伦多, 7:07 p.m. 亚利桑那 对 克利夫兰, 7:10 p.m. 堪萨斯城 对 科罗拉多, 8:40 p.m. 密尔沃基 对 洛杉矶天使, 9:38 p.m. 波士顿 对 洛杉矶道奇, 10:10 p.m. 周六 圣路易斯 对 多伦多, 3:07 p.m. 费城 对 巴尔的摩, 7:05 p.m. 亚利桑那 对 克利夫兰, 7:15 p.m. 纽约洋基 对 芝加哥小熊, 7:15 p.m. 堪萨斯城 对 科罗拉多, 8:10 p.m. 波士顿 对 洛杉矶道奇, 9:10 p.m. 密尔沃基 对 洛杉矶天使, 9:38 p.m.
GP 胜 负 平 进球 失球 积分 渥太华 13 10 2 1 30 15 31 蒙特利尔 14 8 3 3 28 16 27 多伦多 13 6 4 3 18 13 21 哈利法克斯 13 5 6 2 15 12 17 温哥华 14 5 8 1 23 34 16 卡尔加里 13 0 11 2 9 33 2 周三 蒙特利尔 4 温哥华 3 周六 多伦多 对 卡尔加里, 4 p.m. 结果截至周四 7 月 30 日，晚上 9:40
CORNERED
OFF THE MARK
SPEED BUMP
BIZARRO
退役奥林匹克金牌体操运动员纳迪亚·科曼奇周四在蒙特利尔的一次媒体见面会上与支持者打招呼。 CHRISTOPHER KATSAROV/ 加拿大新闻社
加拿大新闻社
东部赛区 胜 负 胜率 落后 亚特兰大 63 45 .583 — 费城 57 52 .523 61/2 迈阿密 55 54 .505 81/2 华盛顿 55 54 .505 81/2 纽约 46 63 .422 171/2 中部赛区 密尔沃基 67 41 .620 — 芝加哥 62 47 .569 51/2 匹兹堡 55 54 .505 121/2 圣路易斯 54 55 .495 131/2 辛辛那提 50 57 .467 161/2 西部赛区 洛杉矶 68 40 .630 — 亚利桑那 57 52 .523 111/2 圣迭戈 55 53 .509 13 旧金山 46 62 .426 22 科罗拉多 42 67 .385 261/2
周四 芝加哥小熊 4, 圣路易斯 2, 10 局 迈阿密 对 纽约大都会 匹兹堡 对 辛辛那提 华盛顿 对 亚特兰大 旧金山 对 圣迭戈 周三 迈阿密 8, 费城 6 亚利桑那 3, 匹兹堡 0 纽约大都会 3, 亚特兰大 2, 第一场 旧金山 16, 密尔沃基 3 圣迭戈 3, 科罗拉多 1 亚特兰大 1, 纽约大都会 0, 第二场 圣路易斯 3, 芝加哥小熊 2, 10 局 周五 — 全部为东部时间 匹兹堡 对 辛辛那提, 下午 6:10 迈阿密 对 纽约大都会, 下午 7:10 华盛顿 对 亚特兰大, 下午 7:15 旧金山 对 圣迭戈, 下午 9:45 周六 迈阿密 对 纽约大都会, 下午 4:10 匹兹堡 对 辛辛那提, 下午 6:40 华盛顿 对 亚特兰大, 下午 7:15 旧金山 对 圣迭戈, 下午 8:40
LPGA 巡回赛
AIG 女子公开赛
地点：英国，兰开夏郡 周四首轮 — 标准杆 71 Jeeno Thitikul 31-33—64 Kuwaki 志保 33-33—66 Ryu Hae-Ran 31-35—66 Celine Boutier 32-35—67 Yealimi Noh 34-33—67 Iwai Chizzy 34-34—68 Wannasaen Chanettee 32-36—68 Ashleigh Buhai 36-33—69 Lauren Coughlin 34-35—69 Diksha Dagar 35-34—69 Charley Hull 34-35—69 Paula Martin Sampedro 34-35—69 Saigo Mao 34-35—69 Takeda Rio 33-36—69 Shannon Tan 35-34—69 Lottie Woad 34-35—69 Alexandra Forsterling 35-35—70 Alice Hewson 32-38—70 Jin Hee Im 33-37—70 Soo Bin Joo 37-33—70 其他 Brooke Henderson 35-37—72 黄安娜 (Anna Huang) 36-39—75
运动员在年满 16 岁之前禁止参加比赛。 当她完成动作时，记分牌上显示的数字是 “1.00” 而不是 10.00，让运动员和观众们一时间感到困惑。科曼内齐说，她当时以为是记分牌出故障了。 “那个 1 完全没道理，”她说，并补充道：“我觉得出了问题，因为 1 分并不是一个很高的分数。” 解释在随后才给出。奥运组织者曾指示制造该记分牌的瑞士公司，分数值最高仅显示到 9.99，因为没有人认为 10 分满分是可能的。 “我不知道自己创造了历史，因为没有人告诉我任何事，”科曼内齐说。 在进入下一项赛事之前，她几乎没有时间去细想这次困惑。
MLS (美国职业足球大联盟)
东部赛区
东部赛区
场次 胜 负 平 进球 失球 积分 纳什维尔 17 12 2 3 33 12 39 迈阿密 17 11 2 4 43 30 37 新英格兰 16 9 5 2 26 19 29 芝加哥 16 8 6 2 30 22 26 纽约城 F.C. 17 7 6 4 30 23 25 夏洛特 17 7 6 4 28 25 25 辛辛那提 17 6 6 5 41 42 23 纽约红牛 17 6 7 4 26 37 22 华盛顿特区 17 5 5 7 24 27 22 奥兰多 17 6 9 2 28 44 20 哥伦布 17 5 8 4 24 26 19 多伦多 17 3 7 7 23 31 16 蒙特利尔 17 4 10 3 22 33 15 费城 17 3 10 4 22 31 13 亚特兰大 17 3 11 3 17 30 12 西部赛区
西部赛区
GP W L T GF GA Pt 温哥华 16 10 3 3 37 16 33 圣何塞 17 10 4 3 35 20 33 洛杉矶 FC 18 10 5 3 34 18 33 盐湖城 16 8 6 2 28 24 26 休斯顿 16 8 6 2 23 24 26 达拉斯 17 7 5 5 32 25 26 圣路易斯 17 7 6 4 23 23 25 西雅图 16 7 6 3 19 20 24 明尼苏达 17 6 6 5 19 24 23 波特兰 17 6 8 3 31 32 21 洛杉矶银河 18 5 7 6 24 29 21 圣地亚哥 17 5 7 5 31 28 20 科罗拉多 17 6 10 1 26 25 19 奥斯汀 17 4 8 5 22 35 17 堪萨斯城 17 4 11 2 18 44 14 MLS 全明星赛休赛期 地点：北卡罗来纳州夏洛特 周三 MLS 全明星 4 LIGA MX 全明星 2 最佳球员与最有价值球员 (MVP)：孙兴慜，MLS 周五 — 所有时间为东部时间 多伦多 vs 纽约城 FC，晚上 7:30 周六 圣何塞 vs 辛辛那提，晚上 7:30 纳什维尔 vs 华盛顿，晚上 7:30 哥伦布 vs 迈阿密，晚上 7:30 新英格兰 vs 蒙特利尔，晚上 7:30 奥兰多 vs 纽约红牛，晚上 7:30 亚特兰大 vs 费城，晚上 7:30 洛杉矶 FC vs 温哥华，晚上 7:30 夏洛特 vs 芝加哥，晚上 8:30 休斯顿 vs 堪萨斯城，晚上 8:30 圣地亚哥 vs 明尼苏达，晚上 8:30 盐湖城 vs 圣路易斯，晚上 8:30 奥斯汀 vs 科罗拉多，晚上 9:30 达拉斯 vs 洛杉矶银河，晚上 10:30 西雅图 vs 波特兰，晚上 10:30
CPL
GP W L T GF GA Pt 汉密尔顿 13 11 1 1 23 8 34 卡尔加里 14 9 2 3 25 8 30 渥太华 14 6 5 3 22 25 21 温哥华 14 6 6 2 21 15 20 哈利法克斯 15 4 7 4 20 24 16 魁北克 13 4 7 2 19 25 14 多伦多 12 3 5 4 15 25 13 维多利亚 13 0 10 3 15 30 3 周五 — 所有时间为东部时间 魁北克 vs 维多利亚，晚上 10 点 周六 渥太华 vs 温哥华，下午 6 点 多伦多 vs 卡尔加里，晚上 9 点
“音乐响起，我们就得走向平衡木，所以我没时间想太多。” 到奥运会结束时，科马内奇获得了七个完美的 10 分，永远改变了人们对体操的预期。她说，这项成就如今的意义与她青少年时期截然不同。 “我现在意识到，当我回想起来，我简直不敢相信 50 年前一个 14 岁的孩子决定去做那样的事，”她说。“作为一个成年人，我对那个 14 岁孩子所拥有的勇气感到钦佩。” 她也开始感激她的成功给体育界女性带来的更广泛影响。 “在我年轻的时候，女性可以参加的运动不多，”她说。“我经常听到这样的话：‘谢谢你为女性打破僵局。’当时我并不确切知道这意味着什么。现在我……”
WNBA
W L Pct GB 印第安纳 18 10 .643 — 亚特兰大 17 10 .630 1/2 纽约 16 12 .571 2 华盛顿 15 12 .556 21/2 多伦多 10 17 .370 71/2 芝加哥 9 18 .333 81/2 康涅狄格 7 21 .250 11
W L Pct GB 明尼苏达 23 6 .793 — 拉斯维加斯 19 8 .704 3 金州 19 9 .679 31/2 达拉斯 18 10 .643 41/2 波特兰 11 17 .393 111/2 凤凰城 11 18 .379 12 洛杉矶 10 17 .370 12 西雅图 6 24 .200 171/2 周四 康涅狄格 vs 芝加哥 明尼苏达 vs 多伦多 纽约 vs 拉斯维加斯 周三 亚特兰大 82, 达拉斯 81 凤凰城 91, 金州 89 周五 达拉斯 vs 华盛顿，晚上 7:30 西雅图 vs 亚特兰大，晚上 7:30 印第安纳 vs 波特兰，晚上 10 点 周六 拉斯维加斯 vs 芝加哥，下午 1 点 纽约 vs 凤凰城，下午 3 点
CEBL 东部赛区
GP W L Pct GB y-士嘉堡 22 18 4 .818 — x-布兰普顿 22 11 11 .500 7 尼亚加拉 23 10 13 .434 81/2 蒙特利尔 24 10 14 .417 9 渥太华 22 9 13 .409 9
西部赛区 x-温哥华 23 14 9 .609 — x-温尼伯 22 13 9 .591 1/2 x-萨斯卡通 22 11 11 .500 21/2 x-埃德蒙顿 22 9 13 .409 41/2 卡尔加里 22 7 15 .318 61/2 x — 已获得季后赛资格；y — 分区冠军 周四 布兰普顿 90 蒙特利尔 89 周三 萨斯卡通 94 尼亚加拉 93 周五 渥太华 vs 温尼伯，晚上 8 点 萨斯卡通 vs 埃德蒙顿，晚上 9 点 尼亚加拉 vs 卡尔加里，晚上 9:30 周六 士嘉堡 vs 布兰普顿，晚上 7 点
NSL
ATP/WTA 巡回赛 MUBADALA CITI DC 公开赛
华盛顿特区 周四 男子单打 — 16强赛 Brandon Nakashima，美国，击败 Jakub Mensik (7)，捷克，7-6 (5), 3-6, 6-4。 Alex de Minaur (1)，澳大利亚，击败 Cruz Hewitt，澳大利亚，6-2, 6-3。 Alejandro Tabilo，智利，击败 Terence Atmane，法国，6-3, 7-6 (6)。 Ben Shelton (2)，美国，击败 Ugo Humbert，法国，6-7 (3), 6-3, 6-4。 女子单打 — 16强赛 Anna Kalinskaya (5)，俄罗斯，击败 Janice Tjen，印度尼西亚，1-6, 6-3, 7-6 (7)。 Jessica Pegula (1)，美国，击败 Magdalena Frech，波兰，3-6, 6-3, 6-0。 Diana Shnaider (4)，俄罗斯，击败 Anastasia Potapova，俄罗斯，6-1, 6-2。
ATP 巡回赛 洛斯卡波斯公开赛
墨西哥洛斯卡波斯 周三晚 单打 — 16强赛 Jenson Brooksby，美国，击败 Edward Winter，澳大利亚，6-3, 6-4。 Francisco Cerundolo (3)，阿根廷，击败 Tristan Boyer，美国，6-7 (4), 4-3，对方退赛。 Coleman Wong，中国香港，击败 Jiri Lehecka (1)，捷克，1-6, 6-3, 6-4。 Denis Shapovalov (8)，安大略省里士满山，击败 Rodrigo Pacheco Mendez，墨西哥，6-3, 6-2。 Arthur Gea，法国，击败 Michael Zheng，美国，0-6, 6-4, 6-0。 Bernard Tomic，澳大利亚，击败 Karen Khachanov (4)，俄罗斯，6-2, 6-4。 Dalibor Svrcina，捷克，击败 Luciano Darderi (2)，意大利，3-0，对方退赛。 Cameron Norrie (5)，英国，击败 James Duckworth，澳大利亚，6-4, 6-4。
PGA 巡回赛 火箭经典赛
底特律 周四首轮 — 标准杆 70 Peter Malnati 28-33—61 Rickie Fowler 32-31—63 Ryan Gerard 34-29—63 Patrick Cantlay 31-33—64 Patrick Fishburn 31-33—64 Keegan Bradley 34-31—65 Michael Brennan 32-33—65 Doug Ghim 32-33—65 Stephan Jaeger 32-33—65 Michael Kim 32-33—65 Chris Kirk 30-35—65 Hayden Springer 32-33—65 Ricky Castillo 32-34—66 Luke Clanton 33-33—66 Emiliano Grillo 34-32—66 Ryo Hisatsune 33-33—66 其他 Corey Conners 33-34—67 A.J. Ewart 35-33—68 Adam Svensson 33-36—69 Nick Taylor 36-33—69 Sudarshan Yellamaraju 35-34—69 Mackenzie Hughes 33-37—70 Ben Silverman 35-36—71 Taylor Pendrith 36-36—72
像是在说：“好吧，现在我明白了。” “所以，”她笑着说，“我要感谢那位 14 岁的小女孩。” 加拿大奥委会主席 Tricia Smith 曾在 1976 年奥运会上参加赛艇比赛，她表示蒙特利尔不仅是加拿大体育的重大转折点，也是女性运动员的重大转折点。 “它在加拿大体育建设的基石中绝对发挥了作用，”Smith 说道，并指出在随后的几十年里，加拿大在奥运会上的成功稳步上升。 Smith 表示，在蒙特利尔奥运会期间，女性运动员仅占约 20%，而 1976 年是现代奥林匹克运动开始近 80 年后，首次将女子赛艇纳入奥运项目的赛事。 Smith 补充道，即便在当时，由于担心长距离比赛会影响生育能力，女性的比赛距离仅为男性的一半。 “现在的教育程度更高了，意识也增强了很多，”她说。 Comaneci 将于 8 月 1 日参加蒙特利尔奥运体育场外的公开庆祝活动，纪念那场创造历史并将她的名字与这座城市永远联系在一起的奥运会。 她说，本周庆祝活动中最有意义的部分之一将是会见那些父母在观看她在蒙特利尔比赛后将她们命名为 Nadia 的女性。半个世纪后，她表示，自己依然惊讶于她的故事和她的名字被如此广泛地铭记。在回想起最近与一名蒙特利尔年轻司机的对话时，她提到对方立即认出她就是那个“14 岁的小女孩”。 “这真令人难以置信，”她说。
CFL (加拿大橄榄球联盟)
| 球队 | GP | W | L | PF | PA | Pt |
|---|---|---|---|---|---|---|
| 蒙特利尔 | 7 | 6 | 1 | 1 239 | 204 | 12 |
| 汉密尔顿 | 7 | 3 | 4 | 167 | 190 | 6 |
| 多伦多 | 7 | 3 | 4 | 4 220 | 219 | 6 |
| 渥太华 | 6 | 0 | 6 | 6 153 | 213 | 0 |
西区
| 球队 | GP | W | L | PF | PA | Pt |
|---|---|---|---|---|---|---|
| 埃德蒙顿 | 7 | 6 | 1 | 1 203 | 172 | 12 |
| 萨斯喀彻温 | 6 | 4 | 2 | 2 204 | 169 | 8 |
| 温尼伯 | 7 | 4 | 3 | 3 185 | 208 | 8 |
| 卡尔加里 | 7 | 3 | 4 | 4 278 | 244 | 6 |
| 不列颠哥伦比亚 | 6 | 1 | 5 | 5 152 | 182 | 2 |
第九周 轮空：多伦多 周四 不列颠哥伦比亚 对阵 温尼伯，晚上 8:30 周五 — 全部为东部时间 蒙特利尔 对阵 渥太华，晚上 7:30 周六 卡尔加里 对阵 汉密尔顿，下午 3 点 萨斯喀彻温 对阵 埃德蒙顿，晚上 7 点
英联邦运动会 奖牌榜
在苏格兰格拉斯哥 截至周四赛事 国家 | 金牌 (G) | 银牌 (S) | 铜牌 (B) | 总计 (Tot) --- | --- | --- | --- | --- 澳大利亚 | 51 | 24 | 35 | 110 英格兰 | 15 | 30 | 20 | 65 加拿大 | 15 | 13 | 17 | 45 苏格兰 | 9 | 7 | 9 | 25 南非 | 6 | 9 | 8 | 23 新西兰 | 5 | 9 | 7 | 21 威尔士 | 3 | 6 | 9 | 18 印度 | 3 | 10 | 4 | 17
电视节目单 周五（均为东部时间）
澳洲式橄榄球 (AUSTRALIAN RULES FOOTBALL) AFL 总决赛：悉尼天鹅队 vs. 圣基尔达圣徒队，TSN 2, 11 p.m. AFL 女子总决赛：澳大利亚 vs. 爱尔兰，TSN 2, 2 a.m. (周六)
棒球 (BASEBALL) MLB：纽约洋基队 vs. 芝加哥小熊队，SN Ontario, East, West, Pacific, 2 p.m. MLB：圣路易斯队 vs. 多伦多队，SN Ontario, East, West, Pacific, 7 p.m. MLB：德州队 vs. 休斯顿队，Apple TV Plus, 7:30 p.m. MLB：旧金山队 vs. 圣迭戈队，Apple TV Plus, 9 p.m.
英联邦运动会 (COMMONWEALTH GAMES) CBC, 2 p.m.
美式橄榄球 (FOOTBALL) CFL：蒙特利尔队 vs. 渥太华队，TSN 1, 3, 4, 5, 7:30 p.m.
高尔夫 (GOLF) LPGA：AIG女子公开赛，第二轮，Golf Channel, 8 a.m. PGA：火箭经典赛，第二轮，Golf Channel, 3 p.m. PGA Korn Ferry：犹他冠军赛，第二轮，Golf Channel, 6 p.m. LPGA：AIG女子公开赛，第三轮，Golf Channel, 1 a.m. (周六)
橄榄球 (RUGBY) 超级联赛：威根勇士队 vs. 莱利百年队，SN World, 3 p.m.
网球 (TENNIS) ATP/WTA：穆巴达拉花都DC公开赛，TSN 2, 2 p.m.
在美网后宣布新任教练
作为本届赛事 排名第二的 选手， 这位加拿大人正追求 他的首个 1,000 级别冠军
DANIEL RAINBIRD 蒙特利尔
Félix Auger-Aliassime 获得期待已久的 ATP Masters 1000 冠军之路，可以说从未如此清晰。 这位加拿大网球之星也更倾向于通过击败最强者来赢得冠军。 Auger-Aliassime 目前处于职业生涯最高的世界排名第 4 位，他将在国家银行公开赛（National Bank Open）男单抽签中作为 2 号种子出战。由于多位顶尖球星缺席，这为他赢得意蕴深厚的家乡赛事提供了迄今为止最好的机会。 “我觉得自己状态不错，”这位来自蒙特利尔的 25 岁选手周四表示。“我觉得我有很大机会打出一场精彩的比赛，但一切都从第一天开始，你必须保持高度警觉。” 排名第一的 Jannik Sinner、第 2 位的 Carlos Alcaraz 以及 24 次大满贯冠军 Novak Djokovic —— 男网中影响力最大的三位球星 —— 将连续第二年缺席该赛事。 Sinner 和 Djokovic 在出现在参赛名单后，于上周宣布退出；而 Alcaraz 则继续从手腕伤势中恢复，该伤势曾迫使他缺席法网和温网。 Auger-Aliassime 成长在距离 IGA 体育场仅 10 分钟车程的地方，他清晰地记得在看台上观看 Roger Federer、Rafael Nadal 和 Djokovic 等巨星比赛的情景。 他称顶尖选手近年来缺席加拿大赛事为“一件憾事”。 “我从小就热爱这项赛事，尤其是因为我来自这里，”他说。“我来这里观看最顶尖的球员 —— Roger、Novak、Rafa，他们都曾在这里比赛。” “我更希望所有最顶尖的球员都在，然后击败所有球员。” 国家银行公开赛（National Bank Open）在多伦多之间交替举行男赛和女赛……
MAAN ALHMIDI 多伦多
市政工作人员在周四提交给市议会的一份报告中表示，多伦多 FIFA 球迷节在世界杯期间的高级票售出比例不足一半，为该市带来了估计 $5 百万的收入。
这份关于多伦多承担赛事主办职责的初步结果报告指出，初步数据显示，位于 Fort York 的旗舰节庆活动的高级票售出率为 44%。
虽然大部分球迷节门票是免费的，但高级票的价格在 $100 到 $300 之间，包含快速入场通道和节庆场地的专属区域。
市府表示，在这次国际足球赛事期间，大约有 350,000 人参加了球迷节。
该节日邀请了 86 位表演者，其中包括 80 位加拿大表演者和 19 场文化演出。
原计划开放 23 天，但后来增加了两天：一天是在 6 月 28 日，当时加拿大晋级 16 强；另一天是在 7 月 10 日的另一个四分之一决赛比赛日，报告称这是“由于公众兴趣浓厚”。
报告称，工作人员仍然有信心，主办六场世界杯比赛的成本将控制在市府批准的 $380 百万预算之内。
在工作人员完成收入核实和预算抵消后，预计明年年初将发布完整的财务报告。
市议会周四通过了一项动议，要求审计长对多伦多主办世界杯的资金效益（value for money）进行审查。
市长 Olivia Chow 将这场持续数周的活动称为巨大的成功，这归功于所有参与者的辛勤工作。
“比赛可能已经结束，但我相信我们可以继续总结经验，推动城市向前发展，”她说道。
[[IMG_XXXX]] 加拿大的 Félix Auger-Aliassime 在周四蒙特利尔国家银行公开赛之前的一项旨在向青少年介绍网球并吸引其参与的活动中，与有志成为网球运动员的青少年交流。GRAHAM HUGHES/THE CANADIAN PRESS
THE CANADIAN PRESS
……每年在多伦多和蒙特利尔举行，在极其拥挤的网球赛历中处于一个艰难的位置。该赛事通常在温布尔登网球锦标赛结束两或三周后开始，并在辛辛那提公开赛（另一项在美网公开赛之前的 Masters 1000 赛事）开赛当天结束。
至于解决方案，Auger-Aliassime 表示，这些讨论是与 ATP 议程中的首要事项。
“人们提出了越来越多关于如何在保护球员及其选择与保护赛事之间寻找平衡的想法，”他说道。“比如，不能连续两年缺席同一项赛事，对吧？”
“给赛事提供保证，如果某一年没有世界排名第 1 和第 2 的球员参加，那么他们明年必须参加。”
[[IMG_XXXX]] 7 月 19 日，在多伦多的球迷节上，球迷们庆祝西班牙在 2026 FIFA 世界杯决赛中战胜阿根廷。 SAMMY KOGAN/THE GLOBE AND MAIL
如果你们在讨论资金效益，让我告诉你们，我们做得非常好。
—— OLIVIA CHOW 多伦多市长
Chow 表示，市府是通过对酒店征税而非提高财产税来帮助支付主办赛事的成本，并补充说，另一座主办城市温哥华留下的账单超过了 $700 百万。
“那几乎是两倍的金额。所以，如果你们在讨论资金效益，让我告诉你们，我们在这一方面也做得非常好，”市长说。
联邦政府在 4 月份承诺拨出高达 $45 百万用于世界杯的警务和安全成本，报告称这可能有助于抵消市府的部分成本。
当地交通线路将约 85,000 名乘客送往体育场和球迷节，据报告，在比赛日，体育场附近的 Exhibition GO 车站总客流量接近 160,000 人。
无论名气如何，奥格-阿利亚西姆 (Auger-Aliassime) 回到家时正处于职业生涯中一些最佳的竞技状态——而且是在没有教练的情况下。
这位发球强有力的加拿大人闯入了温布尔登网球锦标赛的四分之一决赛，在那场持续了五小时 15 分钟的史诗级五盘大战中，他负于德约科维奇。
他在这次草地大满贯赛后宣布，这是他与长期教练弗雷德里克·丰唐 (Frédéric Fontang) 合作的最后一次赛事。这一决定是在他在法网四分之一决赛出局后做出的。
奥格-阿利亚西姆没有给出精确的时间表，但预计将在 9 月的美国公开赛后宣布他的下一任教练，希望新的声音能帮助他赢得首个大师赛 1000 赛和大满贯冠军。
“在 10 年之后，是时候前进了。对我而言，我希望尊重自己对向不同的人学习的渴望，他们可能会从不同的角度审视我的比赛，让我能更多地了解最高水平和最高标准的网球，”他说道。“我追求的正是提升我的比赛，全面提升我的网球水平。”
与此同时，奥格-阿利亚西姆将与他的父亲萨姆·阿利亚西姆 (Sam Aliassime) 合作，他表示父亲绝不会犹豫地告诉他需要面对的事实。
“这带来了很多坦诚，以及每位父母对孩子那种无条件的支撑，”他说道。“除了作为教练，仅仅作为一名父亲，他就给了我很多帮助。因为在困难时刻，当我们必须进行艰难的谈话，或者当我需要在某些日子里表现得更好时，我觉得他始终是那个希望我获得最好结果并能告诉我诚实真相的人。”
文件称，在某些日子里。
报告称，BMO球场在世界杯期间更名为多伦多体育场 (Toronto Stadium)，在六个比赛日中迎来了约 250,000 名球迷。
报告称：“绝大多数到访体育馆的游客对其体验给出了正面反馈。”此外，由 Destination Toronto 和 Destination Ontario 进行的初步调查结果显示，在参与调查的游客中，有 10 分之 9 的人表示在未来两年内可能会再次前往多伦多休闲度假。
报告称，世界杯代表了多伦多警方历史上最长的一次部署，警员进行了连续六周的行动。
“（警员们）成功监控并维持了 17 场球迷和支持者游行，其中规模最大的是葡萄牙球迷游行，吸引了 18,000 多名支持者，”报告称。
同时，报告称多伦多护理人员在多伦多体育场和球迷节日活动中响应了约 550 次医疗救护请求。
来自 B11
来自 B11
事后她认为，膝盖在第一次碰撞中就受损了，而第二次碰撞加剧了伤情。 “我为自己制定了一条新规则：因为我的痛耐受力太高，如果我请求在场边接受检查，我就得停止比赛，”她惆怅地说道。“因为通常到我请求检查的时候，我通常已经受伤了。所以我需要学会及时停止。” Huitema 在他人帮助下离开球场，左腿跛行，脸上盖着一条毛巾，三天后被列入赛季报销伤病名单。 医生在手术前正等待肿胀消退。初步诊断为半月板撕裂、前十字韧带和内侧副韧带撕裂、轻微股骨骨折以及骨挫伤。 “伤得挺重，”她叹了口气。“希望我只需要经历这一次。” Huitema 希望能及时恢复，参加明年 6 月 24 日在巴西开幕的世界杯。 Huitema 身高 5 英尺 11 英寸，在场上显得身材高大。她在法国的巴黎圣日耳曼足球俱乐部度过了三个赛季，在 2019 和 2021 年间出场 45 次，随后于 2022 年加入 NWSL 的西雅图统治者队。 Huitema 在 3 月通过一次交易转会至芝加哥，在这次交易中，Stars 队支付了 $300,000 的转会费和 $200,000 的分配金。随后她签署了一份为期三年的合同，有效期至 2028 赛季。 她在代表加拿大的 98 场成年队比赛中攻入 24 球并有 7 次助攻。在青年国家队期间，她攻入 25 球，仅次于当时的纪录保持者克里斯汀·辛克莱（目前的纪录由安娜贝尔·丘库持有，共 34 球）。 Huitema 本赛季在 NWSL 的 12 场比赛中攻入 4 球。
Whitehead 表示，与其他利用该赛事吸引新客户的公司一样，DraftKings 构建了一个新的西班牙语平台，“专门考虑到世界杯及其后续影响”，旨在服务于之前必须使用英语应用程序的讲西班牙语的加拿大人和美国人。 BetMGM 加拿大市场营销与营收总监 Yohan Mathew 表示，这次赛事“可能是安大略省市场最后一次大规模获取新客户的机会”。（艾伯塔省在本月早些时候向私营运营商开放了市场，成为第二个这样做加拿大省份。） 然而，甚至在赛事开球之前，博彩公司就在大举投资计划，旨在将新客户转化为其其他产品的用户，以证明与世界杯营销活动相关的巨额营销开支是合理的。博彩公司 Soft2Bet 的首席商业官 Andrew Cochrane 告诉小组，“你必须将相当大比例的用户转移到 iGaming（在线博彩）”，例如在线赌场。 “如果你做不到这一点，你的资金很快就会耗尽。” 6 月，安大略省人在线赌场游戏的投注额为 $8.3 亿，创下历史第三高月度总额。
为期 12 天的国家银行公开赛 (National Bank Open) 将在周六进行资格赛，随后进入第一轮比赛。 在这项奖金为 $9.4 百万美元的赛事中，排名前 32 的种子选手将在第一轮轮空。头号种子亚历山德尔·兹维列夫和卫冕冠军本·谢尔顿是奥格-艾利亚西姆最大的竞争对手。 奥格-艾利亚西姆密切关注着维多利亚·姆博科在去年夺得女单冠军的历程，她在那段时间令蒙特利尔为之倾倒。 “我盯着屏幕看，”他说。“我能感受到这里观众所经历的情绪。……当然，我希望也能像她去年那样地表现。” 在 Open era.（公开赛时代），还没有加拿大男子赢得过该赛事的单打冠军。奥格-艾利亚西姆将迎来他迄今为止最好的机会。
十项全能比赛中保持领先
加拿大残疾人短跑运动员在 女子 T47 100 米赛中夺得金银牌
前奥运冠军达米安·沃纳（Damian Warner）在英联邦运动会男子十项全能赛进行到一半时，仍保持着微弱的领先优势。
周四经过五项赛事后，沃纳以 4,353 分位居榜首，仅领先印度选手特贾斯温·香卡尔（Tejaswin Shankar）14 分。
这位来自安大略省伦敦市的 36 岁选手在 100 米项目中以 10.21 秒获得第一名，在跳远中以 7.77 米获得第二名，在铅球中以 13.84 米获得第五名。随后他在跳高中以 1.97 米获得第三名，并在 400 米赛跑中获得第五名。
十项全能比赛将于周五结束，剩余项目包括 110 米栏、圆盘掷球、撑竿跳高、标枪以及 1,500 米跑。
加拿大在周四增加六枚奖牌后，在英联邦奖牌榜上暂时排名第三，落后于澳大利亚和英格兰。截至赛会第 7 天，加拿大的奖牌总数增加到 45 枚——其中金牌 15 枚，银牌 13 枚，铜牌 17 枚。
来自多伦多的残疾人短跑运动员谢里奥娜·哈斯（Sheriauna Haase）在女子 T47 100 米决赛中以 12.23 秒的成绩夺金。同样来自加拿大的新斯科舍省纽波特选手克洛伊·邓巴（Chloe Dunbar）以 12.33 秒获得银牌，新西兰的安娜·格里马尔迪（Anna Grimaldi）获得铜牌。
来自安大略省伦敦市的朱莉亚·通克斯（Julia Tunks）在第二次尝试中掷出 60.67 米，摘得女子圆盘掷球银牌；而加拿大的乔治·夸科（George Quarcoo）及其引导员奥卢瓦塞贡·马金德（Oluwasegun Makinde）在男子 100 米 T12 决赛中获得铜牌。
AARON BEARD 报道于北卡罗来纳州教堂山
北卡罗来纳大学（North Carolina）教练比尔·贝尔比克（Bill Belichick）周四开启了他的第二个季前训练营，并表示由于总经理迈克尔·隆巴尔迪（Michael Lombardi）处于带薪行政休假状态且是学校调查对象，该计划正在调整内部职责。
“我们正在处理一些事情，”贝尔比克在周四早上的首次正式训练前表示，“我们现在处于一年中的一个特定时间点，有些事情正在进行中，而有些事情则尚未开始，要等到日历年稍晚的某个时间点才会发生。”
“再次强调，我们正以一天天的时间来应对，并处理目前摆在桌面上的事情。”
校方周一宣布隆巴尔迪已被停职休假，但未提供具体原因，并指出根据“人事事务的标准程序”，员工和运动员不得讨论该话题。
周四上午，在贝尔比克面对记者发表讲话前约 30 分钟，北卡罗来纳大学（UNC）发布了另一份声明，称其大学法律顾问办公室正在进行一项调查——这一公告发布时，距离贝尔比克在教堂山的执教第二年揭幕仅剩不到一个月。
两名知情人士表示，一名前雇员提出的劳资人力资源投诉与隆巴尔迪的休假有关。由于校方未就该案的具体原因公开发表评论，相关人士在接受美联社（The Associated Press）采访时要求匿名。
美联社
DAVE SKRETTA 密苏里州圣约瑟夫报道
堪萨斯城进攻协调员埃里克·比尼米（Eric Bieniemy）27 岁的儿子因涉嫌在其弗吉尼亚州家中枪击其母亲，原定的两次出庭应讯因等待精神健康评估而推迟。
埃利亚·比尼米（Elijah Bieniemy）于周一因周日晚上的枪击事件被捕。他被指控恶意伤害、在实施重罪中使用枪支以及在住宅内开火。
截至周四，比尼米仍被关押在劳登县成人拘留中心。他原定于当日晚些时候出庭听取动议，并定于 8 月 31 日举行初步听证会。但根据弗吉尼亚州司法系统的记录，这两次出庭均已推迟，以等待精神健康评估。
[[IMG_XXXX]] （左）来自多伦多的 Sheriauna Haase 在周四于苏格兰格拉斯哥的 Scotstoun 体育场举行的 2026 Commonwealth Games（英联邦运动会）女子 T47 100 米决赛中夺冠后庆祝，银牌获得者为新不伦瑞克省纽波特的 Chloe Dunbar。ISABEL INFANTES/REUTERS
此前，举重运动员 Xavier Lusignan 和 Etta Love 为加拿大的奖牌总数增加了两枚铜牌。 来自魁北克省曼斯菲尔德的 Lusignan 在男子 110 公斤级比赛中获得第三名，抓举 159 公斤，挺举 197 公斤，总计 356 公斤。 斐济的 Taniela Tuisuva Rainibogi 以打破运动会纪录的成绩获得金牌。
根据大学政策，行政假期的长度不应超过 30 天，但可根据审查的问题而有所不同。 “我们将让这一程序运行下去，”体育总监 Steve Newmark 周四上午在谈到调查时表示，但拒绝讨论具体细节。 “对我们来说，最重要的是做正确的事，以确保这是一次全面且公正的审查，并且我们不会采取任何损害该程序完整性的行动。”
随后在一次定期的北卡罗来纳大学（UNC）校董会晨会后，校长 Lee Roberts 周四表示，学校上周获悉了“一些担忧”。 “如果有问题出现，我们希望了解情况，”Roberts 说。“如果有东西需要修复，我们一定会修复。这里有一个卓越的标准，我们所有人都有责任遵守。” Roberts 随后补充道：“对于我和学校管理层中负责领导这所卓越大学的所有人来说，不得不把时间花在这种事情上，这令人心 angustish（沮丧）。”
比利契克（Belichick）没有具体说明伦巴第（Lombardi）的职责如何在员工之间分配，在被问及自己的日常任务时，仅提到进行了“一些调整”。 在大学水平上，各体育项目的总经理（GM）通常从事相当于前台的工作——
对我们来说，最重要的是做正确的事，以确保这是一次全面且公正的审查，并且我们不会采取任何损害该程序完整性的行动。
弗吉尼亚州劳登县的警长办公室表示，调查仍在继续。目前尚未提供动机。 周四，当球队继续进行训练营的第二次全队训练时，埃里克·比尼米仍未回归。传球进攻协调员 Joe Bleymaier 和进攻线教练 Andy Heck 已接管了他的大部分职责，而主教练 Andy Reid 继续在监督进攻系统方面发挥重要作用。 “埃里克是其中的重要部分，所以我很希望他能在这里，”Reid 说，“但目前重要的是他处理好私事，大家都明白这一点。所以每个人的状态都提高了，他们正在努力工作，埃里克很快就会回来并投入其中。但他必须先处理好那件事。” Reid 拒绝提供比尼米回归球队的时间表。 教练 57 岁的妻子 Mia Bieniemy...
负责阵容构建和球员薪酬谈判的办公室角色，最繁重的工作发生在休赛期。从这个意义上说，现在的足球焦点更多集中在场上工作中，而这套阵容则是伦巴第（Lombardi）在 8月 29日 与德克萨斯基督大学（TCU）在爱尔兰都柏林进行揭幕战之前协助组建的。
北卡罗来纳大学（UNC）在 2024 年 12 月聘请了比利奇（Belichick），希望这位曾带领新英格兰爱国者队六次获得超级碗冠军的人，能在首次担任大学教练时取得成功。比利奇随即聘请了伦巴第，伦巴第出席了比利奇的就职新闻发布会。伦巴第作为 NFL 高管的职业生涯包括在 2013. 年担任克利夫兰布朗队的总经理。根据《今日美国》（USA Today）的薪资数据库，他获得了一份为期三年的合同，到 2027 年赛季为止，其基本年薪为 150 万美元（US$1.5-million），这使他成为美国薪酬最高的总经理。
在比利奇任职几个月后，伦巴第表示，目标是以类似于 NFL 的方式运营大学计划，称由于教练组与职业联赛的联系，北卡原 the Tar Heels “将自己视为第 33 支 [NFL] 球队”。然而，这一自信的声明与场上结果并不相符，在比利奇的首个赛季中，Tar Heels 队的两位数分差失利场数 [五场] 多于总胜场数 [四场]。
STEVE NEWMARK 北卡罗来纳大学体育总监
妻子已从重症监护室出院，此前她因多处枪伤在那里接受治疗。里德（Reid）表示，她的情况“有所好转，比之前的状态好得多”。
埃里克·比尼米（Eric Bieniemy）曾帮助堪萨斯城队三次进入超级碗并获得两次冠军，随后离开并担任华盛顿指挥官队的进攻协调员——这就是比尼米一家在弗吉尼亚州仍有一处房产的原因。不过，那里的工作人员在一个赛季后被解雇，比尼米随后在加州大学洛杉矶分校（UCLA）度过了一个赛季，并在芝加哥熊队担任跑卫教练。今年早些时候，他被聘请接替马特·纳吉（Matt Nagy）担任堪萨斯城的进攻协调员。
“我们与他保持联系，让他随时了解发生的一切，”里德说。“他有 [训练营练习的] 录像。他可以在那里利用任何业余时间观看。”
378, 而英格兰的 Cyrille Tchatchet II 以 374 获得银牌。
来自萨斯卡通的 Love 在抓举结束后从第四名上升，最终在女子 86-kilogram 级比赛中以总成绩 250 夺得铜牌。她在抓举举起 106 之后，在挺举中记录了 144 kilograms 的第二好成绩。
加拿大新闻社 (THE CANADIAN PRESS)
对俄罗斯、 白俄罗斯队的 禁令
国际冰球联合会（IIHF）周四表示，由于“持续的安全、保障及体育诚信担忧”，俄罗斯和白俄罗斯在下赛季仍将被排除在大多数主要国际冰球赛事之外。这一决定意味着俄罗斯队伍将无法参加 2026-27 赛季的 IIHF 赛事，包括男子世界锦标赛、世界青年锦标赛以及男女 18 岁以下世界锦标赛。白俄罗斯同样被禁止参加世界青年锦标赛，尽管 IIHF 此前宣布计划让该国重新回归部分低级别赛事，包括男女 18 岁以下赛事和女子第四级别世界锦标赛。该管理机构在一份声明中表示：“根据既定的逐项评估方法，俄罗斯参加 2027 年 IIHF 女子世界锦标赛的资格将在 2026 年 11 月由 IIHF 理事会另行审查，届时将考虑相关情况及风险评估。”俄罗斯冰球协会在其网站的一份声明中表示，将向体育仲裁法院 (CAS) 提起上诉。该协会表示，它“既不接受也不理解 IIHF 这种短视的立场，这种立场忽略了国际奥林匹克委员会的建议，且违背了体育旨在让全世界人民团结在一起的初衷”。自 2022 年 2 月莫斯科入侵乌克兰以来，俄罗斯和白俄罗斯一直被排除在 IIHF 赛事之外，白俄罗斯则因支持莫斯科的战争行动而受到制裁。IIHF 在 5 月曾表示，将根据具体赛事对俄罗斯参加 2026-27 赛季的情况进行评估。周四的公告是在 1 月的一项裁决之后发布的，该裁决此前禁止俄罗斯队伍参加所有级别的国际比赛，但在俄罗斯冰球协会上诉后被撤销。持续的禁赛意味着包括在 NHL 比赛的球员在内的俄罗斯球员仍无法代表其国家参加 IIHF 赛事。俄罗斯还被排除在今年的米兰-科尔蒂纳冬奥会之外。
因社交媒体贴文 中的赌注 未受处罚
两名球员对两队 比赛结果 进行个人打赌
道格·费因伯格 (DOUG FEINBERG) 纽约
WNBA 周四表示，一段显示球星佩奇·布克斯 (Paige Bueckers) 和安杰尔·里斯 (Angel Reese) 对两队比赛结果下注 400 美元 ($400) 的社交媒体帖子“误导了大众”。一名直接了解此事的人士告诉美联社，球员们不会因这次打赌而受到处罚。由于情况敏感，该人士在要求匿名的条件下与美联社交谈。
该联盟发布了这段来自全明星周末的最初视频，时间是在布克斯的达拉斯之翼队与里斯的亚特兰大梦想队定于周三晚上比赛的前几天。视频片段显示，布克斯和里斯似乎在对这场比赛进行个人打赌。该视频配文为：“我们这么做了？”随后跟着一个笑脸表情，以及“佩奇·布克斯在全明星周末与安杰尔·里斯就今晚对决所下的赌注”。
WNBA 迅速采取行动
美联社 (THE ASSOCIATED PRESS)
将禁赛五场
西雅图风暴队 (Seattle Storm) 共同所有者塞莱斯特·基顿 (Celeste Keaton) 被处以罚款，并被禁出席球队接下来的五场主场比赛。WNBA 周四向路透社确认，此前在周二与印第安纳发烧队 (Indiana Fever) 的比赛中，基顿与两名球迷发生了冲突。
根据多份报道，基顿责骂了两名十几岁的女孩。这两名女孩在气候誓约竞技场 (Climate Pledge Arena) 举牌支持发烧队后卫索菲·坎宁安 (Sophie Cunningham)；坎宁安在上周发表的一篇 ESPN 文章中，表达了支持禁止跨性别运动员参加女性和女孩体育赛事的观点。
这些球迷在政治评论员布兰迪·克鲁斯 (Brandi Kruse) 的 undividedPod.com 节目中表示，基顿因为她们举了一块感谢坎宁安“为女孩们发声”的牌子而对她们大肆咒骂。
“我们尊重联盟对共同所有者塞莱斯特·基顿进行罚款和禁赛的决定，”球队在周四的一份声明中表示。“我们仍致力于为所有观看风暴队比赛的人创造一个受欢迎且相互尊重的环境。”
风暴队在周三为该事件道歉，大股东金妮·吉尔德 (Ginny Gilder) 表示，球队“致力于创造一个包容的环境”
路透社 (REUTERS)
英国公开赛，力求终于赢得大奖赛冠军
Jeeno Thitikul 在周四迈出了赢得其职业生涯中缺失奖项的第一步。在女子英国公开赛中，她在皇家利瑟姆和圣安妮球场（Royal Lytham & St. Annes）首轮交出 64 杆（低于标准杆 7 杆），领先于柳海兰（Haeran Ryu）和来自日本的叶咲志穗（Shiho Kuwaki）两杆。
Thitikul 是仅有的两名曾排名女子世界第一但从未赢得过大奖赛冠军的球员之一。她在下午的比赛早段连续打出三个小鸟球，并在接下来的比赛中避免了柏忌。
这位 23 岁的泰国选手在 LPGA 大奖赛赛季中被忽视了，该赛季由柳海兰和内莉·科达（Nelly Korda）主导，两人平分了四场大奖赛。科达在 4 月取代 Thitikul 成为世界第一，赢得了前两场大奖赛，而柳海兰赢得了随后的两场。
柳海兰在最后三个洞中打出两个小鸟球，以 66 杆完赛，让自己处于有望实现三连冠的良好位置——自 2013 年朴仁比（Inbee Park）以来，再也没有人能连续赢得三场大奖赛。她赢得了在黑泽尔汀（Hazeltine）举行的女子 PGA 冠军赛，并以 60 杆夺得依维昂冠军赛（Evian Championship）冠军。
删除该消息，但在删除之前它已被分享至社交媒体。
“虽然这篇社交媒体帖子旨在轻松幽默，但 WNBA 球员非常清楚联盟禁止投注 WNBA 比赛的政策，并且每年都会接受强化这些政策的培训，”一名联盟发言人在周四表示。“我们认识到该帖子失当，在发布后不久将其删除，并在内部处理了此事。”
“我们还将以此为机会，向涉及的球员再次强调，即使是以玩笑形式讨论投注 WNBA 比赛，也可能会产生负面后果。”
在被要求置评时，Wings 队和 Dream 队均将回应推给了联盟的声明。
该联盟的集体谈判协议规定，严禁任何形式的投注，且球员可能会根据专员的唯一决定而被罚款、停赛甚至被取消 WNBA 参赛资格。
周三，Dream 队在落后 15 分的情况下反超，以 82-81 击败 Wings 队，其中 Reese 砍下 22 分和 12 个篮板，Bueckers 以 16 分和 6 次助攻收场。
每位球迷都受到尊重。”
在周二的比赛前，一些球迷聚集在场馆外，举行集会支持 Cunningham 以及一项全州范围的投票倡议，该倡议将禁止跨性别学生参加华盛顿学校的女子体育活动。
在 Fever 队以 105-95 获胜后，Cunningham 未接受媒体采访，但她在周三的社交媒体上赞扬了这些十几岁的女孩。
“我真心相信有一个对每个人都安全且充满爱的空间。生物学上的女孩、生物学上的男孩、跨性别女性和跨性别男性。每个人都欢迎来到我的餐桌！”Cunningham 在 X 上写道。
“为那些勇敢维护自己信念的女孩们鼓掌。……共同所有者的行为实在令人尴尬。不幸的是，这展示了她是一个什么样的领导者。”
赛后，一名 Fever 队的公共关系代表向记者读了一份声明，称组织机构和 Cunningham 对这些示威活动均不知情，也未与组织者接触。
科达 (Korda) 仍有工作要做。这位美国球星在 6 月的第一周占据主导地位，但在最近的一项大奖赛——依维亚锦标赛 (Evian Championship) 中未能通过截分线，且在一次平淡的 73 杆回合中未能弥补四个博基球 (bogeys) 的失误。
蒂蒂库尔 (Thitikul) 一年前在依维亚锦标赛上曾有赢得大奖赛的最佳机会，但当时格蕾丝·金 (Grace Kim) 凭借惊人的附加赛获胜。她今年尚未在任何一项大奖赛中具有竞争力，但她在最后一项赛事的开局非常出色。
蒂蒂库尔在球坛活跃的时间之久，即便以她的年龄来看也是如此，她在 2018 年的英国女子公开赛中就是低分业余选手，而那次比赛也是最后一次在皇家利瑟姆与圣安妮球场 (Royal Lytham & St. Annes) 举行。
“我的策略是击败我 15 岁时的成绩，”她说道。当时利瑟姆球场的标准杆为 72，而蒂蒂库尔在那一周打出了 300 杆，高于标准杆 12 杆，所以这看起来不会成问题。
来自安大略省史密斯福尔斯 (Smiths Falls) 的布鲁克·亨德森 (Brooke Henderson) 击出 72 杆，处于并列第 37 名的一组中；而温哥华的黄安娜 (Anna Huang) 则打出了 75 杆。
URLA VIRGINIA “GINNY” SCOTT February 27, 1935 May 10, 2026
Urla Virginia “Ginny” Scott， 享年 91, 岁，于 May 10th 在马尼托巴省温尼伯的 Meadowood Manor 平安离世。
她的幸存亲属包括子女： Victoria, Todd 和 David (Kathryn)； 她的 孙女 Rebecca； 以及她的表亲 Bill 和 Carolee Chapman。
先于她去世的亲属有 父母 Phyllis (原姓 Fields) 和 Fred Foster Todd；以及前夫 Neil Scott (去世于 1977 年)。
Ginny 出生于萨德伯里 (Sudbury)，就读于惠特比 (Whitby) 的安大略女子学院，并于 1957, 年毕业于西安大略大学，主修英语和新闻学。
在搬迁后，她于 1961 年结婚，并在温尼伯公共图书馆工作，随后从 20 世纪 70 年代到 90 年代在 Aikins, MacAulay & Thorvaldson 担任法律图书管理员。
Ginny 是一位单亲家长、爱猫人士和艺术家，在温尼伯论坛艺术中心 (Winnipeg Forum Art Centre) 从事绘画 40 年。她热爱科幻小说，以及一杯浓烈的黑麦威士忌加姜汁饮品。
她的葬礼于 5月 25 日在安大略省多伦多的 Mt. Pleasant 墓地举行。
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约翰·坎贝尔·瓦特 (JOHN CAMPBELL WATT) 1948年11月25日 – 2026年7月15日 对我灵魂伴侣的深情致敬 在小熊角落找我... 我将在那里等你...
一个人该如何与自己的灵魂伴侣告别？我想，永远无法告别... 我的内心与灵魂中有一种空虚，唯有你能够填满。
但值得庆幸的是，关于你的甜蜜回忆将永远萦绕，温柔地抚平我破碎之心的剧痛，让我能够勉强承受在你离开后，我的生命中缺失的那个巨大的存在。
自我们初识以来，近 40 年时光已飞逝。我清晰地记得我们偶然相遇时，我第一次见到你的样子。不知为何，我觉得认识你，你看起来如此亲切，但这怎么可能？我必须克制住冲动，不去伸手询问你：“我的老朋友，这么长时间你一直去哪了？”
那对我来说是一段非常艰难的时光，保守地说，我当时彻底崩溃了。那时是我人生最糟糕的时刻，而你却宽慰地对我微笑。你的眼睛闪烁着深邃的光芒，充满了同情与善良。凭借上帝的恩典，你在我身上看到了连我自己都无法认出的东西。多年后你告诉我，你看到在那片废墟中闪耀着一颗“未经雕琢的钻石”。
你出生在北爱尔兰一个海边小镇，出生时非常早产，甚至连护士都认为你无法生存。但你一生都在挑战所有不利条件。你拥有如此强大的奋斗精神和对生活的热爱，这种热情极具感染力。
在多伦多的 Beaches 地区长大为你带来了很多快乐。你热爱曲棍球、棒球、音乐、跑车，热爱寻找乐趣。你的朋友们都会追随你，因为他们知道你总能找到热闹的地方，或者由你亲手创造一个。任何认识你的人总能讲述一个关于你的传奇故事，以及你热爱与他人分享的笑声。你是一个特立独行的人，极度独立，是一位领导者、组织者，是一个决心把事情做正确的特立独行的底层反击者，也是所有认识你的人眼中忠诚的朋友。
而现在，你来到了我身边... 在很久以前那个命中注定的日子里，坐在桌子的对面...
尽管如此，我知道你心中也留有过去伤口带来的深层疤痕，但对我而言，我当时完全是一个满身包袱的人。在与你相遇时，我感觉到你的精神是不安的。你的旧生活已成碎片，你感到迷茫。生活的新篇章在召唤你，你想随之而去，无论它通往何方。于是，你前往了加利福尼亚...
尽管我们建立了新的友谊，但那是你展开受伤翅膀、随不安之风起飞的时刻。我永远不会忘记，当我们最后告别时，我的心是如何地疼痛，你开着那辆旧沃尔沃车离开，口袋里只有几个美元，心中充满希望，消失在晨雾之中。我不能责怪你想独自前行... 这是你必须经历的治愈之旅...
尽管困难重重，你从加利福尼亚州的卡梅尔给我打电话，承认你感到有些孤独，想念我的陪伴。当你邀请我加入你的新冒险时，我欣喜若狂。我立即飞往旧金山，迫不及待地想见到你。我觉得自己简直就像是从监狱里被释放了一样！
这就是我们生命之冒险真正开始的地方，从此以后，我们就一起踏上了这段不可思议的旅程。我们在一起做了所有事情，直到令人悲痛的7月15日，星期三，你的灵魂离世。
谢谢你，我美丽的友人，感谢我们共同学习的所有教训，共同走过的道路，相遇的人们，以及一路上的喜悦、笑声与泪水。我将珍惜所有仅属于“我们”的甜蜜回忆——像孩子一样大笑，分享对动物和自然的奇迹与热爱... 在简单的事物中发现美，对那些愚蠢小事的狂热，以及在我们羁绊的沉默中对彼此的深切了解。
你教会了我如何真正地无条件爱一个人，教会了我善良与慷慨，忠诚与人格，力量与勇气，而最重要的是，如何在生命直至终点的每一步中成为一个真正的朋友。对我而言，你拥有这一切，且远不止于此。
讽刺的是，我们最初为了让灵魂逃离过去创伤而开始的这段快速逃亡之旅，恰恰成了引导我们走向自我治愈的通道……我们越是逃离自我，就越意识到真正的平静与喜悦并非在外界某处，而是在我们内心深处等待被发掘。我们的旅程是命中注定的……缘分……直到我们再次相遇，我亲爱的朋友。你将永远是我灵魂中神圣的一部分。
记得在普号角（Pooh Corner）等我。你答应过我的，而你总是信守诺言……永远如此……在 100 英亩森林里寻找那棵阴凉的树。我会在那棵树下等你……我美丽的朋友……
永远深爱着你的，
Elaine
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北安大略省 的犹太经历
Morley Torgov 在苏圣玛丽（Sault Ste. Marie）的小犹太社区长大，他在 47 岁时出版了他的第一本书——一部回忆录。 他利用夜晚和周末写作，因为他的全职工作是一家多伦多小型律师事务所的合伙人。LOUIE PALU/《环球邮报》
这位曾在奥斯古德大厅（Osgoode Hall）接受培训的律师在晚年成为一名作家，出版了八本书，并两次获得史蒂芬·利考克幽默奖（Stephen Leacock Medal for Humour）
FRED LANGAN
Morley Torgov 证明了，想要成为一名已出版的作家，永远不会太晚。这位多伦多律师从很小的时候就开始写作，但直到 1974 年，在他 47 岁且从事法律实践超过 20 年时，才出版了他的第一本书，一部名为《一个很好的起点》（A Good Place to Come From）的回忆录。 随后他出版了七部小说，全部带有他的幽默感；他的后期作品，尤其是侦探小说，属于历史虚构类。 Torgov 先生于 1927, 12月 3日 出生在安大略省的苏圣玛丽，他的父亲 Allen Torgov 在那里经营一家女装店，全家住在店上的公寓里。Allen Torgov 出生于俄罗斯，在第一次世界大战期间在俄军服役两年。1917, 年布尔什维克革命后，他潜入罗马尼亚，并设法买到了前往加拿大的船票。 Torgov 先生的回忆录详细描述了他 20 世纪 30 和 40 年代在苏圣玛丽小型犹太社区长大的童年。他的父亲曾在萨斯喀彻温省从事小麦收获工作，在温尼伯教授希伯来语（在那里他娶了其中一名学生的姐姐 Sarah Jane Colish），随后在安大略省的 蒂明斯 向矿工出售西装。 关于父亲抵达苏圣玛丽的情况，他写道：“那里的 Algoma 钢厂正接收数百名来自意大利和斯拉夫国家的移民。对于一个不介意每周工作八天、能用外籍人士的语言交流且量尺速度快的人来说，这个小镇蕴含着潜在的财富。” 正如这段摘录所示，Torgov 先生的语气风趣且幽默。1975, 年，这本书获得了史蒂芬·利考克幽默奖；后来被改编成 CBC 电视台的剧集。他在 1983 年凭借喜剧小说《Maximilian Glick 的渺茫机会》（The Outside Chance of Maximilian Glick）再次获得利考克奖。同名电影改编版随后在多伦多国际电影节首映。Torgov 先生于 7月 19 日去世，享年 98 岁。在他的葬礼上，他的女婿、编剧 Douglas Steinberg 表示，Torgov 先生始终拥有幽默感，甚至是对自己。 “Morley 曾被邀请飞往温尼伯担任犹太书展的客座演讲者，在那里受到了盛情款待。毕竟，他是一位获奖的犹太小说家，是加拿大的新 Mordecai Richler，或者用 Morley 那种冷峻的自嘲话来说，是‘在加拿大举世闻名’。” 当 Morley 九岁时，他的母亲在 34 岁时去世，随后由父亲抚养。Allen Torgov 疼爱儿子，但性格可能有些古怪、特立独行，且容易爆粗口。这些特质在 Torgov 先生的短篇故事中屡见不鲜。但他的回忆录也突出了父亲的深情，例如在一次事件中，年幼的 Morley 感到尴尬时
他记得父亲在他乘火车前往多伦多采购时亲吻了他的情景。他曾是一名优秀的学生，离开苏圣玛丽前往多伦多大学就读，于 1950 年毕业，随后在奥斯古德霍尔法学院获得了法律学位。在那里，他结识了安娜·珀尔·科恩（Anna Pearl Cohen），两人于 1952 年结婚。除了 2013 年感染西尼罗河病毒的一次例外，他仅在生命的最后三个月里才出现过严重的疾病。他曾在《环球邮报》上就此事写过一篇幽默的文章。“我幸存了下来（不，这篇文章并非在死后撰写的）。然而不幸的是，我无法完整叙述随后的经历以供现代医学参考，因为在我在医院度过的三个月零两天里，至关重要的前两周我处于昏迷状态，”托戈夫先生写道。他有着广泛且兼收并蓄的兴趣，社交生活也非常活跃。他加入了“午餐组”（Lunch Bunch），这是一群朋友，他们在每个工作日的下午一点，在多伦多市中心一个被他们戏称为“地牢”的美食广场见面。
作家，律师，98
“莫利是创始成员。最初我们只有六个人，但通常有 8 到 10 个人，”亨利·坎贝尔（Henry Campbell）说道。“我们无所不谈，唯一的规则就是不谈工作。莫利凭借他极佳的幽默感，总是成为对话的一部分；而且那些日子他写作非常勤奋，所以我们也聊聊这件事，以及当天的时事，并讲笑话。”他在夜晚和周末写作。他的全职工作是在多伦多市中心的一家小律所担任合伙人，处理从房地产到公司法的各类事务。而谈到他的艺术生活，他似乎也涉猎一切。“我的父亲是一个非常有创造力的人。甚至在作品发表之前，他就一直在写作，比如和朋友一起写单幕剧。他还是一个天才漫画家。在绘制漫画时，以及在家人的生日那天，他会用洗衬衫时随之而来的纸板在上面作画，”他的女儿、演员莎拉·托戈夫（Sarah Torgov）说。“莫利还痴迷于经典汽车、雕塑、文学、绘画，以及伍迪·艾伦（Woody Allen）、菲利普·罗斯（Philip Roth）、F. 斯科特·菲茨杰拉德（F. Scott Fitzgerald）和梅尔·布鲁克斯（Mel Brooks）。他几乎阅读所有东西。他总是把《纽约客》从头读到尾，”斯坦伯格（Steinberg）先生说。莎拉·托戈夫说她的父亲是个新闻迷，时刻关注时事。家人都知道他在看晚间新闻时不要打电话给他。“我将莫利描述为一个文艺复兴式的人，”他的儿媳凯丽·希珀（Carrie Schipper）说。“古典音乐是他的热爱。当你走进他的公寓，他总是在播放古典音乐，但他也跟得上现代音乐。我的意思是，如果你聊到德雷克（Drake），他知道德雷克是谁，而且他很喜欢鲍勃·迪伦（Bob Dylan）。他曾和家人一起去观看
“1980 年在皇家约克酒店的蒂娜·特纳（Tina Turner）。”
托戈夫先生通过他塑造的人物赫尔曼·普赖斯（Hermann Preiss）——一名生活在 19 世纪中叶德国的侦探——将他对古典音乐的热爱与小说相结合。在其中一部小说《来自明斯克的名歌手》（The Mastersinger from Minsk）中，这名侦探追捕一位著名的作曲家。
《多伦多星报》（Toronto Star）的评论员杰克·巴滕（Jack Batten）写道：“在 1868 年，情节围绕着歌剧大师、世界级的花花公子以及著名的反犹主义者理查德·瓦格纳（Richard Wagner）展开。他是否也是一名杀手？这就是普赖斯在托戈夫新书中所要面对的问题。”
尽管托戈夫先生并不极其虔诚，但他的大多数书籍都涉及犹太主题。其中一部不涉及的主题是《坚持不懈的我》（Stickler and Me），莎伦·亚伯隆·德拉切斯（Sharon Abron Draches）在 2002 年于《环球邮报》中对其进行了评论。
德拉切斯女士写道：“这对莫莱·托戈夫来说是一个转变——这是一部面向青少年和少年的成长小说，聚焦于代际关系，特别是祖父母与孙辈之间的关系，以及法律行业的内部运作。”
“托戈夫认为，加拿大的犹太作家没有获得他们应得的读者群和认可。我提到这一点，是因为在目前这部作品中，没有一点犹太内容。”
托戈夫先生热爱电影，大多数周六晚上，他与妻子安娜（Anna）会前往多伦多的人寿保险中心（Manulife Centre）电影院综合体。他也是老电影和现代喜剧演员的狂热爱好者。
他住在洛杉矶的女儿和女婿曾为他买到了《赛恩费尔德》（Seinfeld）录制现场的门票。他对此欣喜若狂。
莫莱留下了他的妻子安娜·珀尔（Anna Pearl）；他的女儿莎拉·简·托戈夫（Sarah Jane Torgov）及其丈夫道格拉斯·斯坦伯格（Douglas Steinberg）；他的儿媳凯莉·希珀（Carrie Schipper），其丈夫亚历山大（Alexander，莫莱之子）于 2009 年去世；以及他的四个孙辈。
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一座为盛大家庭餐宴、小型聚会以及想要沉浸在好书中的独居者而建的家 H4
卡罗琳·爱尔兰 (CAROLYN IRELAND)
下一招 (NEXT MOVE)
在这个夏天，大多伦多地区 (GTA) 的许多房屋卖家发现，他们的房产在市场上滞销了令人沮丧的时间之久，但供应量的缩减和买家信心的增强表明，价格修正可能正趋于初步结束。
加拿大皇家银行助理首席经济学家罗伯特·霍格 (Robert Hogue) 表示，释放犹豫不决的买家心中积压的需求，将是维持该国新兴市场复苏的关键。他认为，未来的路径将是渐进但并不均衡的。
他在一份研究报告中指出，安大略省和不列颠哥伦比亚省出现稳定迹象的早期迹象令人鼓舞。
霍格先生注意到，加拿大房地产协会的 MLS 综合房价指数 6 月与 5 月相比持平，这是该指数 17 个月以来首次保持不变。
在 GTA 地区，房价指数 6 月比 5 月小幅上涨 0.3%，这有助于支撑全国性的结果。同期，GTA 地区的销售额增长 1.4%，新挂牌房源减少 3.8%。
在过去几年中，随着其他城市的崛起，安大略省和不列颠哥伦比亚省的销售额和价格一直遭受打击。
[[IMG_SNELLING]] 这座位于安大略省卡瓦沙湖 (Kawartha Lakes) 地区的度假屋由 Dubbeldam Architecture + Design 设计。摄影：RILEY SNELLING
[[IMG_WHITBY]] 这座位于安大略省惠特比 (Whitby) 贝蒂娜广场 2 号 (2 Bettina Place) 的三卧室独立屋于 5 月下旬挂牌，要价为 $968,000。该房产于 7 月底达成有条件交易。 AMAZINGPHOTOVIDEO.COM
与去年同期相比，GTA 地区的房价指数在 6 月下降了 5.4%，而同期销售额增长 9.4%，新挂牌房源下降 12.9%。
霍格先生表示，价格的下降、负担能力的提高以及全国各地区更好的就业前景，正缓慢地吸引更多买家进入市场，并消耗部分库存。
然而，这位经济学家警告称，持续反弹的风险包括阴郁的地缘政治局势、另一轮能源价格飙升或就业市场的再次恶化。
即便 GTA 地区的供应在收紧，买家群体也比前几年要小，这意味着“在售天数”可能会很长。
根据数字房地产平台 Wahi 的数据，6 月份某些社区的平均在售天数非常高效，仅为 6 到 10 天。
根据 Wahi 的数据，同月在销售最慢的社区中，房产在市场上的平均停留时间为 50 到 126 天。
从宏观角度来看，Wahi 经济学家瑞安·麦克劳林 (Ryan McLaughlin) 表示，移民人数萎缩与大量新建公寓和公寓单元可入住的时间点重合，这极大地改变了 GTA 及其周边地区的市场力量。
“这产生了一种双重打击效应，”麦克劳林先生说，因为在需求枯竭的同时，在建项目正缓慢完工。
这位经济学家指出，大多数抵达加拿大的新移民在到达后会定居在 GTA 和温哥华，因为永久居民、临时外国劳工、学生和寻求庇护者通常倾向于选择最大的城市。
2024, 联邦政府宣布大幅削减移民目标，因为快速增长给住房、医疗保健和交通带来了压力。
“这是一个非常剧烈的政策反转，”麦克劳林先生说。
因此，Wahi 的数据显示，例如在安大略省布兰普顿 (Brampton) 的许多地区，房屋销售速度较慢，而那里拥有较高比例的移民。
爱尔兰 (IRELAND)，H2
E
加拿大的披露规则可能并不透明
大多数省份关于房屋销售的立法将挖掘细节的责任置于买家身上
SALMAAN FAROOQUI
今年早些时候，魁北克省哈德逊（Hudson, Que.）的购房者在发现该房屋曾在 2020 年发生过一起致命的入室抢劫案后起诉原业主，该案件的核心在于一个关键细节：卖家涉嫌未披露房屋内曾发生过暴力死亡事件。
魁北克省在加拿大是一个特例，在该省，卖家必须填写一份声明表，针对房屋的过去询问此类问题。
但律师艾伦·西尔弗斯坦（Alan Silverstein）表示，在加拿大其他地区，关于房屋历史的披露——例如在物业中发生的谋杀、自杀或刑事活动——往往遵循“caveat emptor”原则，意为“买家当心”。本质上，买家必须自行进行尽职调查。
西尔弗斯坦先生表示，也存在一些例外情况，例如健康和安全方面的考虑，包括必须披露石棉的存在。
但同样存在灰色地带。房地产律师约翰·阿鲁尔达森（John Aruldason）引用了一个著名案例：加拿大 NBA 超级巨星谢伊·吉尔杰斯-亚历山大（Shai Gilgeous-Alexander）在安大略省伯灵顿（Burlington, Ont.）购买的一栋价值数百万美元的湖滨豪宅，其交易被省法院撤销。
该房屋的前住户是自称“加密货币之王”的艾登·普莱特斯基（Aiden Pleterski），他被指控诈骗投资者。在搬入不久后，吉尔杰斯-亚历山大先生得知，那些为了向普莱特斯基先生讨回钱财的人涉嫌多次威胁性地造访该物业。
在这种情况下，该物业的历史在法律上被视为一种“潜在缺陷”（latent defect）。换句话说，这是功能上的一个隐藏缺陷
来自 H1
McLaughlin 先生指出，省际迁移也是一个重要因素，因为许多大多伦多地区 (GTA) 的居民为了就业和更便宜的住房而逃往阿尔伯塔省和其他省份。“他们正在寻找价格更具优势的机会，”他说道。他指出，另一类买家是首次组建家庭的年轻人。在某些情况下，他们直接跳过了围绕 GTA 的绿带 (Greenbelt)，前往更遥远的城镇和细分区域，例如安大略省的剑桥 (Cambridge) 以及基奇纳-滑信区 (Kitchener-Waterloo)。在某些情况下，通勤者会选择在有进入市区的 GO Transit 线路区域居住，但许多人也选择开车。“当人们开车时，他们开得更远了，”他说道。“这个新冠时代导致了人们居住地以及开车出发地的重新分布。” 既然各大银行、安大略省政府和许多公司现在都要求员工增加回办公室办公的频率，一些搬到外围地区寻找更实惠住房的人正尝试搬回核心区域附近——如果他们负担得起的话。一个挑战是农村地区的房屋变得更难出售，这反过来使得这些房主在其他地方买房变得更加困难。“所有这些复杂因素在同时发生，”McLaughlin 先生说。Wahi 的数据显示，上个月 GTA 出售最快的社区位于郊区的 905 区号地区，其中 Rouge Woods 的房屋平均销售时间为六天。里士满山 (Richmond Hill) 东北部的这个区域拥有排名很高的公立学校。在 416 区号地区，Wychwood Park 社区在六月份的平均上市时间为八天，但遗产保护区 (Heritage Conservation District) 的成交率显著较低。在怡陶比克 (Etobicoke) 的 Sunnylea 地区，近年来许多小型平房已被填充式住宅 (infill homes) 取代，该地区的物业平均销售时间为九天。
取决于你在加拿大的居住地，买家可能需要对房屋的历史进行自己的尽职调查，例如调查该物业是否发生过犯罪活动。GETTY IMAGES
【OCR清理说明：ofthehomethatwasn’tdisclosed.】
Silverstein 先生表示，目前加拿大大部分地区关于房屋销售披露的立法将责任推给了买家，要求其主动打听细节；而卖方则需自行摸索实际被要求披露的内容。
代表近 100,000 名房地产专业人士的安大略省房地产协会表示，虽然房产经纪人应尝试挖掘可能影响物业价值和声誉的细节，但除非被问及，否则卖方最终没有责任透露这些细节。
Silverstein 先生表示，在加利福尼亚州，每一项需要披露的细节都有明确的规定。例如，过去三年内发生的死亡必须披露。
“我们需要一些明确的界定，但我们目前没有，据我所知，许多省份也没有，”Silverstein 先生说。
以下是买家在这些情况下可能需要关注的一些场景，以及卖方是否被要求披露有关其物业历史的细节。
这栋位于安大略省惠特比 (Whitby) 的房屋的潜在买家反馈称，虽然他们喜欢这栋房子，但并不喜欢后院和凉亭。相反，他们更倾向于一个景观较少、可以让孩子们玩耍的区域。 AMAZINGPHOTOVIDEO.COM
谋杀与死亡
在绝大多数情况下，在出售房屋时，并不需要披露在该房产中发生过谋杀或死亡事件。作为买家，如果你对住在曾发生过死亡事件的房屋感到不安，那么询问的责任在于你。在此时，卖家必须如实回答。魁北克省是一个例外，在该省，房内发生的暴力死亡或自杀事件必须申报。
在魁北克省以外，对这一标准挑战最激烈的一次发生在温哥华。当时一名卖家没有披露她的女婿在他们价值数百万美元的住宅外因一起涉嫌与帮派相关的事件而被枪杀。买家冯云邵（Feng Yun Shao）在得知谋杀案后取消了交易，并要求退回 $300,000 的定金。卖家王美珍（Mei Zhen Wang）随即提起诉讼。起初，法院支持邵女士，认为由于王女士对房屋的描述不完整，应退还其定金。
但一年后，该裁决在上诉中被推翻，法官表示，王女士无法预知买家可能会对此次杀人事件敏感。
前律师兼 Re/Max West Realty Inc. 房产经纪人布莱恩·马迪根（Brian Madigan）经常被作为专家证人受邀处理客户与经纪人之间的法律纠纷。他表示，如果房产中发生过臭名昭著的谋杀案或犯罪行为，法院可能会做出不同的裁定。
这可能包括诸如保罗·贝尔纳多（Paul Bernardo）和卡拉·霍莫尔卡（Karla Homolka）杀害多名青少年的住宅，或者亿万富翁夫妇巴里·谢尔曼（Barry Sherman）和霍尼·谢尔曼（Honey Sherman）被发现死亡的住宅。但在这些案例中，马迪根先生表示，房屋通常无论如何都会被拆除。贝尔纳多先生和霍莫尔卡女士作案的安大略省圣凯瑟琳斯（St. Catharines）住宅已被拆除，谢尔曼夫妇的多伦多豪宅亦然。
相比之下，多伦多历史悠久的韦斯顿（Weston）社区——这里的高端住宅与低收入住房交织——其房产的平均挂牌天数长达 126 天。
市中心附近富裕的迪尔公园（Deer Park）社区在 6 月份的平均在售天数也较长，为 67 天。
在郊区，位于布兰普顿（Brampton）市中心正东侧、相对可负担的皇后街走廊（Queen Street Corridor），房产的平均成交时间为 61 天。
Bosley Real Estate 的经纪人达韦尔·莫里森（Davelle Morrison）注意到，一些买家在疫情期间及之后搬到了较远的地方，现在希望搬回离大多伦多地区（GTA）就业岗位更近的地方。
然而，莫里森女士指出，寻找房产的过程可能会很缓慢。在夏季，购房者经常在周末参加体育和社交活动。在某些情况下，他们可能每两周才看一次房，而且他们需要在大多伦多地区之间长途跋涉。
在安大略省的惠特比（Whitby），莫里森女士在 5 月下旬挂牌了一栋三居室独立屋，要价 $968,000。
她表示，位于 2 Bettina Place 的这栋房屋拥有 4 个浴室和一个完工的地下室，并配有景观后院，已可入住；目前在 $1 百万以下价格区间内有买家在关注。
许多买家犹豫不决
邻居与名声
法院还就某些类型邻居的披露设定了先例，裁定其可被视为“潜在缺陷”（latent defect）。不过，涉事案件最终在庭外达成和解，因此没有做出最终判决。
马迪根先生表示，在该案件中，一名带着年幼孩子的买家在安大略省购买了一套住房，随后才得知邻里之间普遍知道对面住着一名被定罪的儿童色情狂。
法官裁定，房屋外部的风险可被视为潜在缺陷，在卖方申请完全驳回此案的动议中，法官支持了买家。
大麻与冰毒实验室
在许多司法管辖区，必须申报先前犯罪活动的一个实例是：房屋曾被用于非法种植大麻，或用于生产如甲基苯胺（冰毒）等药物。
然而，原因与买家对房产此前用途的负面看法或不安感无关。
多伦多的房地产经纪人巴里·莱博（Barry Lebow）表示，这类药物活动需要披露，因为它带来了霉菌或电气系统被篡改的风险。在他参与的一项研究中，莱博先生发现，曾进行过大麻种植活动的房屋可能会损失大约 20 per cent 的价值。
不过，要采取法律行动，相关情况必须确凿。他举了一个例子，买家从邻居那里听到传闻说房子里有种植场。然而，莱博先生表示，由于没有警方报告，且邻居距离一公里开外，因此无需披露。
“你不能凭传闻行事，”他说。
她表示，他们认为没有理由匆忙决定。
该房屋在 7 月底达成有条件出售。
当莫里森女士向一组买家征求反馈时，他们很喜欢这栋房子，但评论说带凉亭的后院景观过于精致。
“他们真正想要的是一个孩子们可以到处踢球的后院。”
她表示，充足的供应使得买家可以挑剔。
她认为，对于买家来说，夏末是单户住宅细分市场寻找廉价房源的好时机。
“如果房子在 8 月份仍在市场上，他们确实想要出售。去找那些人谈判。”
W
在过去的三年里， 建筑项目的类型 发生了剧烈的反转
SHANE DINGMAN 房地产记者
由于新建公寓住宅市场陷入低迷，房地产开发商们发现，将项目转向交付定制化出租房需要一套完全不同的方法。
这一转向正加速一项趋势：在加拿大最大的市场——大多伦多地区，在建公寓的数量持续下降，而新型定制化出租公寓的建设量则在飙升，并在数十年来首次超过了公寓建设。
“在 2026 年第二季度末，我们有 38,261 套在建公寓和 36,328 套在建定制化出租房，”房地产分析机构 Zonda Urban 的市场研究副总裁 Pauline Lierman 表示。“我一直在进行持续监测，以便将系统中任何新开工项目添加进来。截至上周五，即 7 月 24 日，这一情况已经反转——变为 38,841 套定制化出租房和 36,635 套公寓。这一变化在 7 月期间迅速发生，其中有 1,626 套公寓进入入住阶段，另有 2,513 套新出租房开工。”
这与三年前形成了剧烈反差，当时在 2023 年初有
成交记录
2003 2 St. SW, Calgary MISSION
挂牌价：$700,000 (2026年4月) 成交价：$715,000 (2026年5月) 税费：$3,532 (2025年) 上市天数：12 上市代理：Kamil Lalji, CIR Realty
交易过程 在距离17大道和第四街仅几个街区之隔的地方，这座两卧室住宅在4月正式挂牌前进行了几次预览参观，从而引发了一些关注。在一方开始洽谈购买之前，又有五名访客到访。一旦消息传出竞争开始，另外两名竞标者也参与其中。卖家最终接受了一份高出挂牌价 $15,000 的报价。 “我很惊讶我们能卖出高于挂牌的价格，”代理人 Kamil Lalji 表示。“但在那个区域，如果定价得当且房屋条件良好，交易速度相当快。”
多伦多地区有 101,219 套公寓正在建设中，而租赁公寓仅有 17,247 套。 市场的这种转型促使许多纯公寓开发商重新评估其业务前景。5月，Capital Developments 通过成立 Address 公司，将其资金和组织精力投入到租赁业务的转型中，该公司将专门专注于定制租赁住房。根据 Address 和 Capital 总裁 Carlo Timpano 的说法，其目的是为了明确：这并非一家尝试建设租赁房的公寓公司，而是一家专注于租赁市场独特挑战的开发公司。 “我认为有一部分人是在业余时间做[租赁]业务，对我来说，这意味着把一座公寓楼直接宣布为租赁房……而最终目标还是转向公寓开发，”Timpano 先生说道。“如果我们决定这样做，就要把它做好，并向市场发出信号。” Address 租赁开发管线中约有一半的场地最初计划建设公寓，其余则是新收购的。但一座原计划作为公寓的建筑无法一夜之间变成租赁建筑，原因有很多。 “在公寓项目中，你只销售一次规划，”拥有 $11-billion 资产的租赁建筑所有者及运营商 Hazelview Investments 的联席 CEO 兼管理合伙人 Michael Tsourounis 表示。“而在租赁建筑中，作为开发商，
MICHAEL TSOUROUNIS HAZELVIEW INVESTMENTS 联席 CEO 兼管理合伙人
在这种情况下，这座拥有 115 年历史的房屋通过卖家（一名纺织艺术家）创作和收藏的艺术品得到了提升。该住宅还位于一个充满活力的社区，周围有许多受欢迎的餐厅、咖啡馆和商店。 “它给人的感觉与许多房产不同且独特，而该地区的人们往往更容易产生共鸣，”Lalji 先生说道。
……你一年 365 天、永远在销售那栋建筑。” Hazelview 既购买现有的租赁建筑——7月 14 日，该公司宣布已从投资者处筹集 $150-million 用于继续收购——且其投资组合中约有 3,000 个新租赁单元正在建设中。6月，Hazelview 在多伦多市中心 383 Cleveland St. 动工建设一座定制租赁建筑，该项目最初计划开发为公寓，但现在计划的 217 套公寓中将包括 43 套经济适用型租赁房和 33 套无障碍单元。
你不能试图在第一天就将一切利润最大化。 今天便宜的地板可能在 10 年内需要更换四次，在此期间你花费的资金将是三倍。
“今天看来便宜的东西，可能在 10 年内得更换四次，这段时间里你花的钱是原来的三倍。”
公寓开发商也擅长在关注于将其压缩至最低可忍受比例的同时，最大限度地提高每平方英尺居住空间的美元价值。然而，这种效率随着时间的推移可能并不理想。
“我们每年进行 50,000 份调查，我们希望了解租客搬走的理由，答案永远不是因为单元太大了；但如果太小，他们一定会告诉我们，”Tsourounis 先生说道。“我们有一定的设计标准，使书房能被实际用作正式的家庭办公室，而我们在某些公寓中看到，书房不过是一个豪华的走入式衣橱。”
但在开始设计套房之前，Timpano 先生指出，对公寓的规模和融资预期也必须做出改变。
建筑越高，其中的公寓越多，建设成本就越高。Timpano 先生表示，银行一直犹豫是否向超大规模的租赁建筑提供建设贷款，因为与公寓不同——公寓的风险由在完工时出现购买单元的个人买家承担——租赁建筑在某个时间点可能必须作为单一资产出售，这增加了贷款人的所谓“退出风险”。
“即使你是养老基金，在某个时间点你也必须拥有将该塔楼出售给他人的选项，而面对一座 70 层的租赁塔楼，你面对的是一个价值 10 亿美元的资产，”他说道。
一个例子是在 Isabella 大道 88 号，Capital 原计划设计一座 62 层的公寓塔楼，包含 800 套公寓。当该地块转向租赁用途时，Address 花了近 9 个月时间重新定位，包括将计划规模缩小到 49 层且仅 700 多套公寓，这些数字在租赁建筑领域更容易让建设贷款人接受。
Timpano 先生表示，公司决定在租赁开发领域扎根大约花了 12 个月的时间才具体化，他将大部分功劳归于 Capital 的创始人 Todd Cowan 和 Jordan Dermer。两人曾是 TrizecHahn 房地产帝国的高管，在公司被出售给 Brookfield Properties Corporation 和 Blackstone Group（交易金额为 US$9-billion，在 2006 年）之前，曾在该公司的 TriGranit 部门在欧洲工作了 10 年，建设了数百万平方英尺的商业和综合用途房地产。
Capital 于 2007 年在加拿大成立，得到了前 TrizecHahn 所有者、亿万富翁 Peter Munk 的支持，随后建设了约 4,000 个公寓单元，目前约有 2,000 套公寓（包括自有公寓和租赁公寓）在建。
“正是由于他们的视角和企业家精神，让整个公司对采取这下一步行动感到兴奋，”Timpano 先生在谈到 Cowan 先生和 Dermer 先生时说道。“这是一个巨大的举措，如果没有他们的支持和领导，我们不会这样做。”
但当 Tsourounis 先生查看待转化的公寓地块，或公寓开发商试图创建新的租赁房时，他注意到一些公寓市场的习惯在抬头。
“你不能试图在第一天就把所有事情都最大化到盈利状态，”Tsourounis 先生在谈到建设公寓和建设租赁房的区别时说。“地板 [[SOURCE_CLEANUP_NOTE: text cuts off]]”
“这是一个极具吸引力、以行人导向的市中心区域，毗邻紧邻市中心的 Beltline。人们热爱该地区的步行便利性以及前往河流小径的便捷程度。”
他们得到了什么：这座房子有 1,665 平方英尺的居住空间，包括两间卧室和三楼一个带有挑高天花板和天窗的阁楼。
主层有一个办公室，以及独立的起居区和用餐区。地下室有一个娱乐区。
共有三间浴室，更新了窗户，并安装了新炉具和屋顶。
从二楼可以进入阳台，通过厨房可以到达后甲板和院子。
在 33- by 60-foot 的地块上有一条车道。
代理人观点 “业主已经做了很多非装饰性的基础工作，”拉尔吉先生（Mr. Lalji）说道。“对于想要自行进行装饰升级的人来说，这是一个布局良好且具有潜力的空间。” – SYDNIA YU
F
融为一体的 度假屋
一座视觉上和谐的度假房产 旨在满足多种需求
寻找关于大自然益处的研究其实很简单；加拿大心理学会的“事实清单：接触自然的益处”指出，即使是“短短几分钟”也能“提升注意力”并“改善心情”，而每周花费几个小时则与“更好的健康状况”相关，并能减轻压力激素。困难的部分在于如何开辟出一块自然的土地，以便每周都能回归其中；以及如何与一组特定的岩石、树木和拍打的水波建立情感纽带。Nyla Ahmad 和 Rob Sandler 与卡瓦沙湖（Kawartha Lakes）地区的一块土地有着深厚的联系，但当时并没有度假屋。“我们热爱它地处卡瓦沙高地省级公园（Kawartha Highlands Provincial Park）边缘这一点，”Ahmad 女士说。“而且拥有花岗岩湖底的湖泊相当罕见；湖水非常清澈干净，所以这里是个好地方。我们[经常]在森林中散步。” 需要说明的是，这里曾经有一座度假屋。那是 Sandler 先生父母所有的房产，曾是家庭成员及亲戚聚集、庆祝并从大城市中释放压力的地方。这座两层且未经过冬季防寒处理的度假屋是在 Ahmad 女士和 Sandler 先生开始约会的同年，即 1986 年购买的。Sandler 先生表示，在那之后的“大约 10 年”左右，他的父母进行了翻修。然而，由于承包商有酗酒问题，导致那里“没有水泥和基础；度假屋的角落是直接建在土里的”。这一点在 2000 年代中期被发现，当时“我们无法打开门窗”，且“10 英尺高的地方出现了霉菌”。于是，在度假屋被推土机推平后，这片土地空置了十年。生活在继续。在生活的推移中，孩子们长大了，Ahmad 女士通过工作结识了建筑师 Heather Dubbeldam。她非常欣赏 Dubbeldam，于是聘请她对两人位于 Bathurst 街和 Eglinton 大道西（Eglinton Avenue West）的 1938 年石屋进行了全面翻新。幸运的是，这意味着当他们决定在那片小小的天堂中让一座新度假屋如凤凰般涅槃重生时，无需再次寻找建筑师。“于是我们给 Heather 打了电话，她施展了她的魔法，”Sandler 先生说，“基本上打造了这座美丽的度假屋”（施工由 Ortolan Building Design Ltd 执行）。他继续说道，这是一座“多家庭度假屋”，因为“Nyla 在多伦多有庞大的家族，加上我们的家人，所以我们想要一个每个人都能来享受的空间，而且这里对于小孩[和]年长者来说都会非常舒适。” Ahmad 女士纠正道，这其实并非魔法：“项目的开始是我们前往那里，站在土地上，拍摄非常具体的景观……首先确定我们在度假屋内部想要看到的景象……所有的树木都被标注了出来，然后 Heather 提出了这种十字形概念[平面布局]。她非常出色地将度假屋融入到了森林之中。……我们确实最大限度地减少了砍伐树木。” 事实的确如此：即使是从车道上看，透过窗户也能品味到大自然诱人的气息。走进门厅向前方看，那些巨大的推拉门让湖泊仿佛与大露台相连。再往里走，通过每条走廊尽头的门窗，左右两边与自然的联系得到了增强。在宽敞的共享公共休息室内，精美的枫木护壁板和内置家具占据主导地位，只有极少量的干壁板。 “这听起来很平淡，但由于离湖如此之近，度假屋会面临很高的湿度，”Dubbeldam 女士说。“我们必须确保没有太多容易受潮且蓄水的物品……这样也便于维护。” 为了维护不同使用者的心理健康，创建[此处文本中断]
内外区域的分区设计，既能容纳大规模的家庭聚餐，也能让小团体聚集，或者让“独行侠”沉浸在好书中。众多的卧室提供了完全的独立空间（配备双层床的那个房间非常适合两个好友聊天），而延伸至露台、因此最靠近水面的低占用率书斋则是“阅读量比其他任何房间都高”的地方，桑德勒先生 (Mr. Sandler) 微笑着说道。同样，多层露台既提供了热闹用餐的场所，也提供了在老树下翻阅书页的阴凉独处之所，那棵树穿过木板，直指云霄。“这确实有效，”艾哈迈德女士 (Ms. Ahmad) 补充道，“人们可以放松，且无需担心被评判……可以花几个小时独处。”该建筑在设计时采用了被动房原理，这座 2,200 平方英尺、未安装空调的建筑可以通过其众多可开启的窗户、门和高窗在数秒内排出闷热的陈旧空气；而在冬季，高于标准的绝缘层和两台木材燃烧炉则能保持空间温暖舒适（且未被占用的区域可以密封并保持在较低温度）。尽管前往其中一个卧室翼楼需要爬几级台阶，而前往另一个则需要走几步向下——这栋小屋顺应地形而建——但较缓的坡度意味着在需要时可以安装坡道：“无障碍通行对我们来说真的非常重要，”艾哈迈德女士确认道，“甚至露台的设计也是如此——有一天我们会变老，而我那时仍然希望能走到湖边。”艾哈迈德/桑德勒的小屋已多次获奖，它是如何创造一个视觉和谐且能高效完成多项任务（尤其是减轻压力的任务）且不 pretentious (做作) 的空间之教科书级案例。“技巧与人性化的结合带来了巨大的差异，”桑德勒先生在品尝他的鸡肉芒果沙拉时总结道，“我想，就像育儿或婚姻之类的事情一样，当出现问题时，你才会真正了解你共事的人。”
罗布·桑德勒 (Rob Sandler) 和 奈拉·艾哈迈德 (Nyla Ahmad) 聘请了希瑟·杜贝尔丹 (Heather Dubbeldam) 在安大略省的卡瓦沙湖 (Kawartha Lakes) 地区建造这座小屋。摄影：赖利·斯内林 (RILEY SNELLING)
这座位于安大略省马卡姆市（Markham, Ont.）Victoria Ave. 31号的住宅设计有一个大房间，其中包含一个棕色砖砌壁炉，壁炉口和木材存放处采用了双拱门设计。这座房子被用于热门电视剧《吉尔莫女孩》（Gilmore Girls）的试播集拍摄，但该剧后续剧集是在布景中拍摄的，这改变了房屋内部的一些方面。摄影：WINSOLD
多伦多地区住宅挂牌出售，令《吉尔莫女孩》粉丝狂热
在古朴的联合村（Unionville），这座房屋为业主以及这部热门电视剧的粉丝们创造了美好回忆
SHANE DINGMAN 房地产记者
Victoria Ave. 31号 安大略省马卡姆市（MARKHAM, ONT.）
要价：$3,880,000 地块大小：66 x 132 英尺 税费：$8,220 (2026) 挂牌经纪人：Sylvia Morris, Century 21 Leading Edge Realty Inc.
背景故事
《吉尔莫女孩》的住宅现已出售。直到最近，现任业主对“星空之谷”（Stars Hollow）或这部 2000 年代初期情景喜剧的狂热粉丝群还一无所知。事实上，在 2000-2007 年该剧播出的期间，他根本没有住在那里。但现在，Victoria Ave. 31号在 25 年来首次挂牌出售，在社交媒体上迅速走红。一大波人群对此产生了兴趣，纷纷前来参观这座房子。
马苏德·莫哈杰尔（Masood Mohajer）是一位企业家和环球旅行者。2002 年，他出于纯粹的投资目的，在安大略省马卡姆市风景如画的联合村社区买下了这座房子。一个四分之一个世纪前，他在冬季前往多伦多探亲时被这座房子吸引。直到 2010 年他的妻子和三个孩子搬进这座房子，他才开始意识到，他所珍视的许多时代特征，正是多年来作为洛雷莱（Lorelai）和罗莉·吉尔莫（Rory Gilmore）家庭剧与喜剧背景的那些传统魅力元素。
“他们有一份关于这座房子的资料。我记得我读过一遍，上面提到了某种‘吉尔莫女孩’的东西。我完全不知道那是什么，绝对不知道，”莫哈杰尔先生说道，他巧妙地避开了回答自己是否真的看过这部剧。购买后，在接下来的八年里，他将房子租给了一些商业高管，并没有过多考虑关于“吉尔莫”的事情。并不是他对演艺圈不熟悉；多年来，有四部电影在不同时间使用过这座房子。而且联合村——凭借其保存完好的主街——一直是多部电视剧和电影的拍摄地，包括早在 2000 年拍摄的《吉尔莫女孩》试播集。
第一个巨大的“恍然大悟”时刻发生在几年前，当时镇上举办了一个《吉尔莫女孩》粉丝节，大量该剧的崇拜者蜂拥而至。“当时有成千上万的女孩在村里走动，”莫哈杰尔先生说。那时他意识到这可能会带来麻烦。“我非常谨慎地告诉组织者：‘请不要告诉她们房子在哪里。’因为我不能让一公里长的女孩队列排在我的家门口等着进来。”
尽管如此，至少有一对精明的组合嗅到了气息。“有两个看起来相当文静的女孩就在莫哈杰尔先生的房子前面走来走去，徘徊不定。”
他走上前去打招呼，果不其然，她们确实有预感。“她们轻声地问我：‘这就是《吉尔莫女孩》的家吗？’我觉得她们很可怜，就说，是的，没错。她们进来了，参观了房子。她们来自肯塔基州的列克星敦（Lexington, Ky.）——我记得很清楚——她们寄来了一条手工缝制的毯子作为感谢。”
幸运的是，这两位肯塔基州居民没有将这个消息分享给节日里的其他人，直到上周他的房子挂牌出售，公众的关注才再次聚集。
今日之屋
主入口对粉丝来说会非常熟悉：环绕式门廊中间的一组双门，上方配有彩色玻璃窗楣。事实上，在试播集中，罗莉（Rory）和洛蕾莱（Lorelai）曾几次穿过这些门进入玄关，然后通过对面的一道拱形门进入主生活空间。
在这个圆弧形入口的右侧是一个抬高的餐厅，这实际上是剧中描绘的房子里的第一个房间：在试播集中，洛蕾莱在沿着走廊走进大厅时，正与虚构的私立学校奇尔顿预备学校（Chilton Prep）讨论学费问题。该房屋的挂牌信息提供了一个虚拟导览，细心的观众会注意到，实际空间与电视剧中的空间并不完全一致，至少在试播集的几场戏之后并非如此。
在真实的房子里，玄关和餐厅入口旁边有一个内置吧台。它在试播集中出现过一次，但后来，当这座房子在加州伯班克（Burbank）的华纳兄弟片场被重建为布景时，他们拆除了吧台，并在原位置安装了一个通往二楼的楼梯。在剧中，罗莉多次地沿着这些楼梯走下大厅，但在真实的房子里并没有这些楼梯。
[[IMG_XXXX]] 房子的外观特色是一个环绕式门廊。抬高的餐厅会让《吉尔莫女孩》（Gilmore Girls）的粉丝感到熟悉，但厨房最近经过了翻修。
尽管如此，好莱坞忠实地还原了真实大厅的所有其他特征，包括带有双拱形开口的棕砖壁炉，用于放置炉火和储存木柴。它现在与试播集时一模一样，在八个季度的时间里，无数尖酸刻薄或真情流露的对话都在这个壁炉的电视克隆版前展开。
这个房间以及沿屋外延伸的门廊是莫哈杰先生（Mr. Mohajer）在房子里最喜欢的空间，他已尽最大努力尽可能地保留他接手时的原始状态。地板和木作得到了保留（尽管一名租客在冬天弄爆了水管），当然还有门上的彩色玻璃和古董五金件。
“我甚至不得不去研究如何修理其中一些门的锁，我得去安大略省的圣雅各布（St. Jacob’s）寻找专门修理这类锁的人，”他说道。
莫哈杰先生将守护这座房子的工作比作瑞士钟表制造商百达翡丽（Patek Philippe）那句著名的广告语：你从未真正拥有过一座百达翡丽。
你只是为下一代保管它。
“所以对我在这座房子里的角色来说，我只是它的保管人。”
主要的例外部分是最近翻新的厨房、部分经过升级的浴室，以及已经完工并目前被布置成主卧套房的地下室。
482 Indian Grove, Toronto JUNCTION 地区
挂牌价：$1,399,800 （2026 年 6 月） 成交价：$1.7-million （2026 年 6 月） 此前成交价：$736,250 （2011 年 5 月）；$663,000（2008 年 9 月）；$185,777（1994 年 7 月） 税费：$7,220（2026 年） 上市天数：3 天 挂牌代理人：Nigel Denham 和 Penny Brown, Hazelton Real Estate Inc.
交易情况： 这栋四卧室住宅于 6 月挂牌出售，旨在吸引计划在秋季学年开始前购房的家庭。由于该地区半独立屋供应短缺，在三个工作日内有 12 方完成了看房。一名买家无视卖家预定的报价审核日期，开出了高于挂牌价 $300,200 的报价，卖家欣然接受。 “市场状况相当有利，且该细分市场目前非常火爆，”代理人 Nigel Denham 表示。“在 Junction、High Park 和 Roncesvalles 等地区，$2-millions 以下的房产成交速度非常快，且多出现多方报价的情况。” 该物业的面积也更大
66 Hogarth Ave., Toronto NORTH RIVERDALE
挂牌价：$1,699,000 （2026 年 6 月） 成交价：$2,317,000 （2026 年 6 月） 此前成交价：$870,000 （2009 年 1 月）；$410,000 （1999 年 6 月） 税费：$10,218（2025 年） 上市天数：6 天 挂牌代理人：Scott Hanton, Hanton Real Estate Inc.
交易情况： 这栋位于 The Danforth 南边两个街区的 120 年房龄住宅仅有两个卧室，且地下室未完工。为了弥补这些不足，该房产的定价被设在 $1.7-million 以下，让买家自行决定其价值。 “买家全是希望留在该社区或搬入该社区的年轻家庭，”代理人 Scott Hanton 表示。“未完工的地下室带来了一些挑战，而且在移除一间卧室后目前仅剩两个卧室，但其他所有优势都弥补了这一点。” 共有 6 名买家提交了报价，他们被该房屋地处 Riverdale 公园与 Withrow 公园之间的黄金位置，以及步行即可到达商店和餐厅的便利性所吸引。 最终买家支付的价格高出标价 $618,000。 “我们知道即使在这个价位也会出现多方报价的情况，且最终成交价将远超 $2-million，”Hanton 先生说。“这条街道以及 Riverdale 的这个特定区域，正是人们向往的……”
水岸物业 买卖需求
比大多数房产都要大，尺寸为 26 x 167 英尺，此外房屋本身在三层楼中拥有 2,222 平方英尺的居住空间，包括一个用餐厨房以及一个带有天窗和滑动庭院门的家庭房扩建部分。 “这块地既宽又深，而且还有一个罕见的可停四辆车的车道，”Denham 先生说。“就主楼层的居住空间而言，在这个价格和地段，我们优于典型的半独立屋。”
【他们得到了什么】这座砖砌的维多利亚式建筑保留了来自 1881 年的石膏装饰线、圆盘装饰、彩绘玻璃窗和节疤松木地板。
许多人已经等待了多年年 [为了住在这里]，并且会全力以赴地在这里买房。
【他们得到了什么】这座房子有 2,020 平方英尺的居住空间，包括传统的客厅和餐厅，以及二楼一个带阳台的家庭房。
厨房有一个通往庭院的出口，以及一个面向 26 x 130 英尺地块后方小巷的私人车道。
共有三个浴室，其中一个位于三层，一个位于底层。
这里有一个正式的用餐区，以及一个带有燃气壁炉的客厅。
屋顶和暖炉最近更换了，二楼的浴室也进行了翻修。
地下室有另一个完整的浴室，以及一个洗衣房和一个第五间卧室。
【经纪人观点】“这是一座经典的橙砖维多利亚式建筑，保留了许多时代细节，”Denham 先生说。 “这里距离 Dundas 街仅一步之遥，在商店、餐厅和酒吧方面，可以享受到 Junction 地区最优质的资源。” – SYDNIA YU
800 King St., W., No. 215, 多伦多 KING WEST
要价：$729,900 (2026年3月) 之前的要价：$774,900 (2025年9月)；$799,900 (2025年6月)*由前任经纪人代理 成交价：$695,000 (2026年5月) 之前的成交价：$645,000 (2017年8月)；$326,000 (2007年10月)；$291,000 (2007年7月)；$240,000 (2004年1月)；$231,0000 (2002年5月)；$154,479 (2000年12月) 税费：$3,272 (2025年) 房产上市天数：216 挂牌经纪人：Christopher Bibby, Re/Max Hallmark Bibby Group Realty
【交易经过】在位于 Bathurst 街西边一个街区之隔的 Kings Lofts，有几套单位在出售，包括这套一 bedroom 加书房的单位。去年，它曾以 700,000 美元后段的价格挂牌五个月，但没能找到买家。 今年 3 月，一名不同的经纪人将其重新推向市场，价格降低至 $729,900，这与圣诞节前一套类似顶层公寓的成交价大致相当。 “我们最终参考了 12 月的成交价来协助我们的定价，”经纪人 Christopher Bibby 说道。 “在价格上留有这样的余地，有助于我们在 30 到 60 天的周期内应对情况，万一有人回来并说最新数据表明价格已经下跌，我的回应通常是：我们知道，而且我们灵活且可以协商。” 然而，卖家在初期拒绝了一个低价报价。在 5 月，另一项提案最终促成了一份 $695,000 的合同。 “我们是今年唯一成交的单位，”Bibby 先生说。“我们从一开始就坚定地持有预期，因为我们的客户还没有买任何东西，而且我们刚刚进行了大幅降价。”
130 Strachan Ave., No. 3, 多伦多 WEST QUEEN WEST
挂牌价：$1,095,000 (2026年4月) 成交价：$1.11-million (2026年4月) 历史成交价：$395,000 (2004年1月)；$287,000 (1999年11月)；$196,114 (1999年3月) 税费：$6,077 (2025年) 在售天数：2天 挂牌代理人：Keegan Irwin 和 Carol Lome，Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
【行动】代理人 Keegan Irwin 将2月销售一套叠拼联排别墅时学到的经验，应用到了这套位于同一综合建筑内、且在皇后街 Trinity Bellwoods 公园南边一个街区左右的三居室单元销售中。4月，他将其挂牌价定为 $1,095,000，并注明将随时考虑报价，而不是在特定日期截止。
“在这个市场中，我们发现为这类产品设定报价日期可能会吓跑买家，”Irwin 先生表示。“如果我们把挂牌价定得比预期售价低一点，通常能达到那个价格；但如果定得稍微高一点，最终成交价反而会低一些。”
701 Oriole Parkway, 多伦多 YONGE-EGLINTON
挂牌价：$995,000 (2026年5月) 成交价：$1,625,000 (2026年5月) 税费：$8,204 (2025年) 在售天数：6天 挂牌代理人：Andre Kutyan, Harvey Kalles Real Estate Ltd.
【行动】这座位于多伦多市中心、已有近 100 年历史的房屋背靠 Eglinton 公园。该房屋原计划进行翻修和扩建，但业主决定将其出售，并附带已批准的计划和许可，以及一份关于在 28- by 112-foot 地块上可能增建两层套房的巷道报告。代理人 Andre Kutyan 在5月份低估了房屋价格，希望引发多人竞价，就像他两周前以 $1.65-million 出售的一套翻新房屋那样。
“我需要在挂牌价上采取更激进的策略，因为我知道由于这栋房子的状况较差，我们会失去一部分买家，”Kutyan 先生说道。
【房屋概况】在一栋拥有 26 年房龄、仅设计有两层型号的建筑中，该单元拥有 17 英尺高的天花板和客厅的滑动阳台门。
主层设有厨房、用餐区和洗手间。楼上有一个书房、一间卧室和一个四件套浴室。
该单元有一个停车位。每月 $961 的费用涵盖了公用事业费、翻新过的健身房和聚会室。
这种策略奏效了，这套两层单元在 48 小时内收到了三份报价。其中一份报价在挂牌价基础上增加了 $15,000，最终赢得了卖家的青睐。
“有三份报价，成交得非常快，”Irwin 先生说。“空间相当大。感觉就像是一个隐藏在宜居社区里的单户住宅。”
【房屋概况】这个顶层单元拥有 1,689 平方英尺的居住空间，设有街道级入口，并可通过地下室直接进入私人车库。
从门厅开始，一段楼梯通向走廊式厨房以及带朱丽叶阳台的起居与用餐共用区。在对面，是一个带有通往露台滑动门的家庭室。
二楼有一个洗衣橱柜、两间卧室以及一套带朱丽叶阳台和四件套浴室的主卧套房。此外还有两个浴室。
每月公寓管理费为 $896.
【代理人观点】“这是一个具有阁楼特性的新建公寓，比如高天花板和外露混凝土；在该地区并不常见，”Bibby 先生说。 “该区域周边的公寓大多是单层、空间较小的，更多的是 500- to 600-square-foot 单元。800 平方英尺的面积让这个单元在两层楼的设计下，更具分量感和灵活性。” —— SYDNIA YU
【代理人观点】“开发商专注于建设专门的租赁房或高层塔楼，而这些叠拼联排别墅在满足人口密度的同时，依然能提供一种社区感，”Irwin 先生表示。 “就该地区而言，它的维护费相当低。” —— SYDNIA YU
Windsong 庆祝成立 30 周年，人们对协作式生活的兴趣正迎来第二次回升
KERRY GOLD 温哥伐
在不列颠哥伦比亚省的兰利（Langley, B.C.），最近的一个周六，大约 70 人聚集在一起，庆祝 Windsong 共同居住（co-housing）社区开业 30 周年。这是加拿大首个此类项目。在过去的三十年里，这一运动增长缓慢。目前全国共有 24 个共同居住社区，其中大多数位于 B.C. 省。但根据加拿大共同居住网络（Canadian Cohousing Network）的数据，这种住房模式正迎来第二次回升——加拿大境内还有 21 个社区处于开发规划中。成员们表示，兴趣的激增不仅反映了住房危机，也体现了人们对与邻居建立更好联系的需求；这种生活方式在“垂直生活”（高层住宅）中已经丧失，在那种环境下，互动往往仅限于电梯里的短短几秒钟。
共同居住是指一组买家共同购买一块物业，并充当开发商来建造自己的家。这些房屋按市场价值定价，但在设计和管理上采取协作方式，因此居民可以选择如何在社区内生活。大多数人看重共享设施，例如游乐区、工作坊、花园、音乐室、客房、用餐区，以及一种互帮互助的社区模式。霍华德·斯台普斯（Howard Staples）表示，这种资源共享使得共同居住比普通的分层地权（strata）综合体更具经济优势。他与妻子米里亚姆（Miriam）在 1990 年提出了这个想法。当时，妻子在他的生日时送给他一本关于该主题的开创性书籍：《共同居住：一种当代住房自建方案》（Cohousing: A Contemporary Approach to Housing Ourselves），作者是创造了“co-housing”一词的美国人查克·杜雷特（Chuck Durrett）和凯蒂·麦卡曼特（Katie McCamant）。
“嗯，就是那样，我们必须去做，”斯台普斯先生说。他补充道：“当时我们根本不知道自己在做什么。”创始成员们知道如何在当地报纸上做宣传，这引发了极大的关注并帮助他们找到了买家。他们还聘请了一位经验丰富的承包商，引导他们完成建筑过程。他们邀请了给他们带来启发的美国专家杜雷特先生和麦卡曼特女士前来指导，帮助他们规划并设定社区目标。
罗恩·厄舍（Ron Usher）就是早期的买家之一，当时他和年轻的家人住在格雷点（Point Grey）的一栋租赁房屋中。厄舍先生表示，他非常渴望参与到这种从丹麦引入且在加拿大尚属新颖的住房模式中。他甚至为这个社区起名。他说：“我记得当时觉得，市中心到布兰卡街（Blanca Street）之间每一个房地产招牌都像是在打我的脸。” “我想拥有更多，这不仅仅是财务方面的问题。我想要一种社区感。”
交易完成
4172 Welwyn St., Vancouver CEDAR COTTAGE
挂牌价：$1,236,000 (3月 18日) 成交价：$1,236,000 (3月 30日) 月费：$250 税费：$3,869.77 (2025) 上市天数：12 挂牌经纪：Olivia Xue, Re/Max Crest Realty
市场动态：那些买不起独立屋，且认为大多数公寓单元太小的家庭一直在推动联排别墅市场的增长。挂牌经纪 Olivia Xue 表示，东温哥华的表现优于温哥伐市场的其余地区。卖家收到了一份按挂牌价出价的报价单，共有四个群体表达了兴趣。
“与过去两年相比，买家信心显著提高，”Xue 女士说。“这主要得益于稳定的抵押贷款利率、买家对当前定价的接受，以及来自家庭的积压需求。”
在不列颠哥伦比亚省的兰利（Langley, B.C.），大约 70 人在最近的一个周六聚集在一起，庆祝 Windsong 共同居住社区成立 30 周年，这是加拿大首个此类项目。——RON USHER
最酷的一点是，这里不是由开发商为了销售而建造的，因此所有决定都是为了该场所的长期使用——即长期的可维护性。
他补充道，当时人们应该还记得我们经历了“渗漏公寓”（leaky condo）危机，指的是 80 年代和 90 年代那场耗资数十亿美元的灾难，当时数千个公寓因设计和建筑规范失效而出现渗漏。
他说，他们的项目也引起了邻居的很多担忧。 “他们对此有各种看法，担心是一群吸毒的嬉皮士搬到了隔壁。”
Staples 夫妇在他们的三居室单元中抚养孩子长大。如今，他们将楼下的两个卧室改成了出租房，作为这对退休夫妇的收入来源。其他人则卖掉了较大的单元，缩减规模搬入较小的单元。他们的女儿 Lani Evers-Staples 是一名房地产经纪人，负责处理 Windsong 的任何挂牌房源。她将 Windsong 的一套四卧两卫联排别墅挂牌价定为 $739,900，另加每月 $553 的维护费。这套翻新后的单元仅有 1,324 平方英尺。Staples 先生表示，由于拥有共享设施，共同居住单元的面积相对较小。
任何人都可以买入该项目。居民不会审核买家。但 Staples 先生说，大多数人都很契合，因为他们本身就具有社区意识。 居民 Caryn MacDonald 购买了她的共同居住单元
RON USHER WINDSONG 的早期买家之一
他很快从反应中意识到，他们触及了一项尚未被满足的需求。但买家群体也意识到，开发地产的复杂性非常繁重，而且成本不会很低。只有最坚定的人才撑过了为期五年的流程，这期间需要大量的谈判和共识。
经过广泛搜索，他们选定了一块位于 1 号公路（Highway 1）以北郊区 Walnut Grove 社区的 5.8 英亩土地。
加拿大抵押贷款和住房公司（Canada Mortgage and Housing Corporation）协助为该房产提供了融资。Usher 先生回忆说，当他在房产周围走动时，渔业与海洋部出现并告知他们，约四英亩的土地被列为禁区，因为有一条鲑鱼溪流流经其中。
这意味着该小组必须压缩设计，在 34 个单元中采用叠拼住宅和地下停车库。建筑师在跨度 10,000 平方英尺的教堂式玻璃屋顶下设计了一条室内“街道”。周围区域则成为了保留森林。该设计为他们赢得了金乔治奖（Gold Georgie Award）的最佳环境成就奖。
“我们没完没了地在做权衡，”Usher 先生说，他为自己一套带有未完工地下室的三层叠拼住宅支付了 $215,000。“最酷的一点是，这里不是由开发商为了销售而建造的，因此所有决定都是为了该场所的长期使用——即长期的可维护性。”
正是因为它是一个社区的一部分。
她买入了 Compass Commons，该社区将于 10 月开放，并成为兰利（Langley）的第二个共同居住社区。这位来自安大略省伯灵顿（Burlington）的居民自 2021 年起一直与 Compass 社区的成员会面，共同规划和设计其 40 个单元及公共空间。她想搬到西部以靠近已成年的孩子们，但因为在不列颠哥伦比亚省（B.C.）不认识任何人，她也希望能成为一个社区的一部分。
经过一次在线搜索，她发现了 Compass Commons。她说，她不再恐惧搬迁到新城市所带来的动荡，而是对迎接人生新篇章感到兴奋。
她已经挂牌出售了她在伯灵顿的公寓，并将继续在兰利担任私人教练。她不再恐惧搬迁到新城市所带来的剧变和孤独，而是对几个月后搬入感到兴奋。
“我这里的朋友们说：‘你一个人搬到那里去真的很有勇气，’但我已经觉得我有一群认识的人，或者至少有一个可以搬迁的基础，”麦克唐纳女士（Ms. MacDonald）表示。
“我期待着能简单地坐在一起与人们交谈，在工作后喝杯咖啡或一杯葡萄酒，倾听人们的故事或建立那种联系。人们渴望这种东西。”
“此前推迟了搬家。” 买家是一个年轻家庭。
【他们得到了什么】这座明亮的转角联排别墅是温哥华 Cedar Cottage 街区一个包含六个单元的高端分层所有权（strata）综合体的一部分，距离商业大道（Commercial Drive）的商店和特劳特湖（Trout Lake）不远。
这个拥有四间卧室、三间浴室、三层楼的单元采用了开放式布局，拥有一个大厨房、燃气壁炉，以及一个带有餐厅露台的私人前院。
该分层单元面积为 1,549 平方英尺，空间开阔，白墙通风，生活区域全部铺设了复合地板并安装了嵌入式筒灯。
of massive Canada Nickel mine
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Ontario project is the first in its sector to be greenlit under seven-year-old Impact Assessment Act
NIALL McGEE MINING REPORTER
The federal government has given Canada Nickel Co. Inc. the go-ahead to build a new nickel mine in Northern Ontario, as part of Canada’s efforts to accelerate major re- source projects to counter the economic pain from U.S. President Donald Trump’s trade war, two sources told The Globe and Mail. Ottawa last November referred Canada Nickel’s Crawford mine to its Major Pro- jects Office for regulatory fast-tracking. The Ontario government earlier this year
Damian Warner competes in the men’s decathlon long jump at the Commonwealth Games in Glasgow on Thursday. The former Olympic champion placed second in the event, at 7.77 metres. ALASTAIR GRANT/ASSOCIATED PRESS
Canada’s Warner takes early lead in men’s decathlon, while country adds another six medals to its Commonwealth Games tally B14
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leave Canadian forecasters with a spottier picture
TOM CARDOSO
wice a day, a delicate dance takes place in the Earth’s stratosphere: At noon and midnight Greenwich Mean Time, around 1,000 sensor- laden weather balloons slice their way through the sky, collecting readings crucial to global forecasting systems. In the 1950s, members of the World Meteorological Organization, a United Nations agency, agreed to launch weather balloons as part of a co-ordinated data-col- lection effort. But now, one country is not following that pattern, which experts say is
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similarly designated the project as part of its “One Project, One Process” regulatory streamlining process. Crawford, located about 40 kilometres northofTimminsinNortheasternOntario, contains the world’s second largest nickel reserve, and is expected to be the biggest nickel mine in the Western world once it is built. Crawford will be the first mining project approved under the federal Impact Assess- ment Act since it was enacted in 2019. The approval will be formally an- nounced by Ottawa on Friday, the sources said. The Globe is not identifying the sources because they were not authorized
[ SPORTS ]
affecting Canada’s ability to predict the weather. Formorethanayear,weatherstationsin the United States have strayed from their noonandmidnightGMTballoonlaunches, according to data and multiple experts in- terviewed by The Globe and Mail. In many cases, these launches – or “soundings,” as meteorologists call them – are delayed by several hours, falling out of sync with the rest of the world. In others, balloons are no longer being launched at all. The number of American stations relia- bly launching weather balloons at the WMO-designated times decreased sub- stantially over the past year and a half, a
WEEKEND WATCHING Spider-Man: Brand New Day quickly settles into Marvel’s same old schtick
MATTHEW TOWERS
Explore our national database of freedom of information requests SecretCanada.com
A8
to speak publicly. Both Canada Nickel and the office of Tim Hodgson, the federal Natural Re- sources Minister, declined comment on Thursday. Shares in Canada Nickel surged by 15 per cent during Thursday trading on the TSX Venture Exchange after The Globe pub- lished a report on the announcement. Building new mines, pipelines and ports is a key aspect of Prime Minister Mark Car- ney’s strategy to offset the financial hit caused by tariffs Mr. Trump imposed on key sectors of the Canadian economy, such as autos, steel and aluminum.
NICKEL, A15
Globeanalysisfound.Just51percentofsta- tionsthatwereregularlylaunchingatnoon and midnight GMT at the start of 2025 were still on that schedule earlier this summer. Canada also saw a decline, but it was much smaller: A full 92 per cent of its sta- tions were still launching during WMO times. While the impact of the change is diffi- cult to quantify, several meteorologists, scientists and forecasting experts said that Canada will have less information or fore- warning ahead of severe weather events, and that the country must reduce its re- liance on American data for its modelling.
WEATHER, A6
FOLIO Canadian couple’s illustrations celebrate a staple of summer trips: the chip stand
REPORT ON BUSINESS Travel disruption looms as WestJet flight attendants issue 72-hour strike notice
NATO intern suspected of spying for China
GREG MERCER SARA MOJTEHEDZADEH MARIE WOOLF COLIN FREEZE
A Canadian NATO intern arrested in Belgium is accused by prose- cutors in that country of spying for China, a national-security source told The Globe and Mail. Since announcing the arrest of the intern on Saturday, Belgian authorities have not released the name of the woman, but the sourceidentifiedhertoTheGlobe as Biwei Zhang, who also goes by the name Claire Zhang. The source said Ms. Zhang’s North Atlantic Treaty Organiza- tion posting was sponsored by Global Affairs Canada and that the department was responsible for her security check. Global Af- fairs did not immediately re- spond to a request for comment. A second national-security source also confirmed that the al- legations involve China. The Globeisnotidentifyingthesourc- es, who were not authorized to speak publicly about the case. Public records and Ms. Zhang’s social-media profiles indicate that she has a history of working at federal agencies in Ottawa, including at the national space agency and Statistics Canada. Carter Mann, head of media relationsatStatisticsCanada,said theagencytakes“thismattervery seriously” but declined to com- ment further. “We will continue to collabo- rate domestically and with our in- ternational partners to protect national security and preserve the integrity of the investigative process,” he said in a statement.
INTERN, A6
to sell stakes in World Cup sparks boycott from Europe
GRAHAM DUNBAR GENEVA, SWITZERLAND
European countries agreed Thursday to boycott the World Cup and all other FIFA competi- tions to protest president Gianni Infantino’s plan to sell stakes in soccer’s biggest tournament to private equity investors. The North American soccer body re- jected his plan later the same day. The Union of European Foot- ballAssociations“anditsnational associations will not participate in FIFA competitions,” the soccer body said after an urgent online meeting of its 55 member nations. The next scheduled FIFA tour- nament in Europe – the Women’s Under-20WorldCuphostedbyPo- landfromSept.5–iswithinweeks, and the four British federations comprise FIFA’s only bidder to hostthe2035Women’sWorldCup. That decision is due Nov. 23. “Some things are simply too important to sell,” UEFA said in a statement. “The FIFA World Cup belongs to football. It always will. And so long as Europe has a voice, it will never be for sale.” The strategy meeting was called to counter Mr. Infantino’s offer of US$20-million to each of FIFA’s 211 global members that has to be accepted by mid-Sep- tember. LaterThursday,the41-member Confederation of North, Central American and Caribbean Associ- ation Football (CONCACAF) met and announced it rejected Mr. In- fantino’s plan.
FIFA, A7
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MICHAEL BELMORE, BRIDGE (DETAIL), 2016, COPPER AND ALUMINUM BEADS, COPPER RODS, 182.9 × 40.6 CM. PURCHASE, 2021. ART GALLERY OF GUELPH COLLECTION
Throughout July, we are showcasing artworks from the Art Gallery of Guelph, one of Canada’s premier cultural spaces. Spanning historical and contemporary art, AGG is home to more than 11,000 artworks and the largest sculpture park at a public art museum in Canada. The collec- tion brings together diverse artistic voices from across Canada and beyond, from early acquisi- tions by Tom Thomson and members of the Group of Seven to contemporary works by First Nations, Métis and Inuit artists. artgalleryofguelph.ca
Anishinaabe artist Michael Belmore’s Bridge reimagines the wampum belt through cop- per and aluminum beads arranged as the ones and zeros of ASCII binary code. Drawing on wampum beads’ role in establishing and reinforcing social and political agreements, the work brings traditional and contemporary knowledge systems into dialogue. For Mr. Belmore, both are “forgotten codes” that connect, and sometimes divide, communities. Spanning these realms, Bridge challenges binaries between past and present, traditional and modern, analog and digital, and Indigenous and non-Indigenous technologies.
Allowing Albertans to self-refer and jump the queue doesn’t improve health care A11
The Globe and Mail is committed to maintaining the highest ethical, legal and editorial standards. SANDRA E. MARTIN, STANDARDS EDITOR, standardseditor@globeandmail.com
in nearly two-decades-old cold case
MATTHEW FRANK
Toronto Police have laid a first- degree murder charge in a cold case that puzzled investigators for nearly two decades until offi- cers used a technique known as forensic genetic genealogy to track down a suspect. Patrick Santos’s father found the 21-year-old dead in the back- yard on the morning on Sept. 17, 2006, when the father was letting the dog out. Police said at the time Mr. San- tos was ambushed on his way to the Scarborough home, had his hands bound, was stabbed mul- tiple times and died from suffo- cation after his mouth was taped shut. Investigators found DNA evi- dence they believed belonged to the suspected attacker but had been unable to make headway in the case for nearly two decades since Mr. Santos was found dead. That changed this week, when police arrested Pierre O’Connor, 43, of Hamilton, and charged him with one count of first-degree murder. The allegations against him haven’t been tested in court. Detective Sergeant Stephen Smith said at a news conference that investigators are still trying to understand the relationship between Mr. Santos and Mr. O’Connor that led to the alleged killing. Det. Sgt. Smith said it was likely a disagreement between two groups. The investigation is still active because police believe other peo- ple were involved in Mr. Santos’s death, he said. Det. Sgt. Smith said in an in-
[ COLUMNISTS ]
PERSON
Ron DeBoer realizes his father’s old book of stamps may be worth more than money A13
[ CORRECTION ]
A Saturday Report on Business article describing an early summer job held by jewellery designer Jenny Bird was pub- lished with inaccuracies and points requir- ing clarification. The subject misstated Elora’s population at the time of that job; according to Statistics Canada, it was 3,200, not 2,800; and clarified after publication that her parents were not farmers, but that she grew up on a farm. She did not state, contrary to what was published, that she had no lifeguarding skills, and there was an incorrect refer- ence to the administration of first aid. She worked in a kitchen washing pots when she was younger than 16, and jumped from the quarry, not the gorge. After high school, she pursued a business degree, not outdoor recreation.
terview that the arrest wouldn’t have happened without the use of investigative genetic genealo- gy (IGG). The technique involves comparing DNA against genealo- gy databases used by members of the public. This allows police to identify suspects or potential relatives of suspects. “You were looking for a needle in the haystack,” he said, refer- ring to the latest cold case arrest. “IGG removes the haystack and provides the needle and then you’re able to confirm it through DNA.” When investigators analyzed the scene after Mr. Santos’s death, they collected “a lot of DNA” left behind by another per- son, said Det. Sgt. Smith, though he declined to get into specific evidence while the case is before the courts. But that DNA didn’t match any suspects at the time or any- one from the RCMP’s National DNA Data Bank, he said. In 2019, Toronto Police began using IGG for cold-case investiga- tions. A year later, officers and Houston-based forensic research company Othram Inc. used the evidence from the scene where Mr. Santos was found to create a suspect profile, police said. The results didn’t immediately identify a suspect but instead highlighted other potential leads on a person of interest, Det. Sgt. Smith said. That person ulti- mately led police to the accused, he said. The Santos case is the latest instance in which police in To- ronto and elsewhere in Canada have used genetic genealogy to pinpoint a suspect.
Any trade deal Trump reaches with Canada will only guarantee more chaos ahead B4
Det. Sgt. Smith said Toronto police have used genetic geneal- ogy to identify suspects in nearly 40 cases since 2019, which in- cludes investigations across On- tario. The technology has also been used to connect people to 89 uni- dentified human remains over the past four years, he said. While the technology is in- strumental in resolving cold cases, privacy watchdogs have raised concerns that its use can be invasive when identifying family connections unrelated to a case. The Office of the Information and Privacy Commissioner of Ontario released a “guardrail” policy last year to address the in- creasing use of genetic genealo- gy, citing human-rights concerns and a lack of oversight. Some of the proposed stan- dards include improving data se- curity and transparency on DNA use. At the time, Ontario’s Priva- cy Commissioner Patricia Kos- seim said the technology risks broadening “the scope of state surveillance.” Det. Sgt. Smith refuted the suggestion that the technology is invasive and said the Privacy Commissioner’s criticisms are based on “hypothetical situa- tions.” “They’re basically pie-in-the- sky ideas of if somebody went completely rogue and broke ev- ery possible rule and law that they could possibly do this,” he said. “But, it would never be feasi- ble, and the courts would shut it down long before that if we ven- tured that far.”
opposition for public inquiry on wildfires
In province’s north, 159 blazes are still burning – but crews have put out 80 fires in two weeks, minister says
JEFF GRAY QUEEN'S PARK REPORTER
Wildland firefighters in Northern Ontario are still dealing with 159 blazes after extin- guishing 80 in the past two weeks, provin- cialNaturalResourcesMinisterMikeHarris said Thursday – while declining calls for a public inquiry into the government’s re- sponse to a record forest-fire season. Thirty fires still remain out of control. That is down from 53 such blazes recorded on July 22, after an escalation of the confla- grations forced several First Nations com- munities to flee and blanketed major cities to the south in smoke. The catastrophe has put Ontario’s wild- fire response under a microscope, reviving long-standing questions about whether the province has dedicated enough staff and resources to battle these blazes, which experts warn are worsening because of cli- mate change. The fires have also prompted demands from First Nations leaders and opposition politicians, repeated Thursday at Queen’s Park, for a public inquiry. Interim Liberal leader John Fraser told reporters that he had requested that the province’s Auditor-General examine Onta- rio’s wildfire response – and that her office respondedbyconfirmingthatsuchaprobe wasinfactalreadyunderwayandwouldbe completed next year. Mr. Fraser said a pub- lic inquiry was still needed. Speaking after a group of First Nations leaders addressed reporters, NDP Leader Marit Stiles said a public inquiry, with the powertocompelwitnessestotestify,would get to the bottom of what went wrong: “As one of the chiefs said here today, Ontario is burning and we are not receiving answers from the Premier or his ministers.” On Thursday morning, Mr. Harris pro- vided a wildfire update for reporters in a governmentbuildingnearQueen’sPark,in front of an array of big screens showing fire and weather maps brought in as a back-
Whitewater First Nation Chief Pauline Drake, second from left, speaks next to chiefs from Northern Ontario First Nations at Queen’s Park on Thursday regarding wildfires that have devastated their communities. NATHAN DENETTE/THE CANADIAN PRESS
drop. Asked about the inquiry idea, Mr. Harris said his department conducts its own review after every fire season. But he would not commit to making that review public. “I’m not sure how the review will all work out. We do a very deep dive internally and I think there’ll be lots of recommenda- tions that will come forward,” Mr. Harris told reporters. “And at the time, we’ll see what makes sense to talk about.” Later Thursday at Queen’s Park, Chief Pauline Drake of remote Whitewater Lake First Nation – a community forced to evac- uate with almost no warning as the flames advanced–repeatedhercallforapublicin- quiry. AlongsidefiveotherIndigenousleaders, she said her community was warned only hours before it needed to get out of the
fire’s path: “It was just, okay, you need to evacuate. The fire’s coming in tonight.” Ms. Drake said she has not yet been al- lowed to return and see the damage to her First Nation, which is 250 kilometres north of Thunder Bay and is accessible outside of winter only by float plane. But she said she has seen pictures of the devastation. “It’s gone,” she said. “We’ll have to start from scratch.” At his earlier press conference, Mr. Har- ris said 100 seasoned Mexican firefighters had arrived to help Ontario’s 156 crews, which consist of four to six firefighters each. Crews from Prince Edward Island have also arrived to help. Recent rainy, cooler weather, Mr. Harris said, has allowed crews to make progress whilekeepingsomeoftheworstfiresinthe province’s Northwest from growing
quickly. Amongthoseblazesistheoneknownas Thunder Bay 36, which at more than 314,000 hectares (as of Wednesday) is one of Ontario’s largest wildfires in modern times. Mr. Harris said the break in the weatherhadallowedcrewstoconstructfire guards and set up sprinklers for buildings and communities. Jill Dunlop, Ontario’s Minister of Emer- gency Preparedness and Response, said Thursday that out of 14 communities that had to be evacuated in the face of the fires, five have since been able to return. Ms.DunlophasfacedcriticismfromFirst Nations leaders who say her department did too little to help affected communities. Lastweek,anaidecutshortaCBCRadioin- terview with her as she faced questions about those concerns.
Polar bears cool down on a pile of ice that was brought to their enclosure on a hot and sunny day at the zoo in Prague on Thursday
program renamed to honour Liberal stalwart
Eddie Goldenberg among those who lobbied for funding to bring top Canadian scholars home, entice outside researchers
IVAN SEMENIUK SCIENCE REPORTER
When U.S. President Donald Trump’s administration began threatening the American re- search community with deep funding cuts and political inter- ference last year, many observers saw a historic opportunity to persuade U.S.-based scientists to cross the border and take up aca- demic positions in Canada. University presidents, funding organizations and other research advocates were among those urging Ottawa to seize the mo- ment and support a once-in-a- generation recruitment push. As a result of those efforts, last December, the federal govern- ment announced a $1.7-billion allocation over 12 years to fund 100 new research chairs at Cana- dian universities. Behind the scenes, one influ- ential voice who urged Ottawa to act belonged to Eddie Golden- berg, a Liberal Party insider and former chief of staff to prime minister Jean Chrétien. Now Mr. Goldenberg, who died earlier this month, is to be memorialized by having the pro- gram he championed named af- ter him. An announcement of the newly renamed Eddie Golden- berg Research Chairs of Canada is expected Friday from Industry Minister Mélanie Joly. Over the past year, Mr. Gold- enberg, together with former governor-general David John- ston and Alan Bernstein, a past president of the Canadian Insti- tute for Advanced Research, lob- bied for the research chair pro- gram as a way to bring top Cana- dian scholars home, along with researchers of other nationalities who are open to moving their work to Canada. All three were friends who
SHEN YUN ORGANIZERS TAKE NATIONAL ARTS CENTRE TO COURT OVER DECISION TO HALT PERFORMANCES
OTTAWA Organizers of the long- running Shen Yun show are going to court after the National Arts Centre called an indefinite halt to its shows after almost two decades of performances. In an application for a judicial review filed in Federal Court on Tuesday, the Falun Dafa Associ- ation of Ottawa alleges the NAC acted improperly by denying Shen Yun performance space in 2026 and beyond. Shen Yun is a New York-based performing arts and entertain- ment company associated with the Falun Gong movement, a
PETR DAVID JOSEK/ASSOCIATED PRESS
had held prominent positions in the public service, but it was Mr. Goldenberg – a lawyer rather than a scientist by profession – who had the political expertise to get the idea off the ground. “The question was who do we speak to, and that’s where Eddie kicked in,” Dr. Bernstein said. “He said, we’ve got to speak to the Prime Minister, to people in the Prime Minister’s Office, the minister’s staff. He just got on the phone and on e-mail, and doors opened.” Mr. Goldenberg had a history of involvement with launching key elements in Canada’s re- search support machinery. Dur- ing his tenure with Mr. Chrétien, the government launched the Canada Research Chairs pro- gram, which has funded more than 2,000 academics at institu- tions across the country, and the Canada Foundation for Innova- tion, which supports infrastruc- ture. Together with individual grants, these are now regarded as key federal support mecha- nisms for research at Canadian universities, which otherwise fall under provincial jurisdiction. “His commitment to strength- ening Canada’s research ecosys- tem helped inspire the ideas and collaborations that continue to attract exceptional talent to Can- ada today,” Ms. Joly said in a statement. More recently, Canada has made efforts to bring in more es- tablished scientists with pro- grams such as the Canada Excel- lence Research Chairs and the Canada 150 Research Chairs, both of which committed mil- lions of dollars for each chairhol- der. Several of the scientists who have come to Canada by this route have had a significant im- pact in their fields and on the broader Canadian research land- scape. Examples include Alán Aspuru-Guzik, a scientist work- ing at the intersection of artifi- cial intelligence and materials re- search at the University of To- ronto, and Caroline Colijn, a mathematician and epidemiolo- gist at Simon Fraser University in British Columbia. Others moved on once their
religious and anti-Communist group claiming persecution by China. The NAC hosted Shen Yun performances for 18 years. The Falun Dafa Association of Ottawa, which helps to organize local Shen Yun performances, is accusing the NAC of failing to properly engage with it over its 2026 show dates. The association wants the NAC to produce a certified copy of all materials associated with the decision not to allow it to perform at the arts centre. It’s also requesting informa-
initial funding expired or left early when they did not find a good fit, either personally or pro- fessionally, with their Canadian home base. In one case, a chair recipient based at McMaster Uni- versity was found to have fabri- cated data and later left his posi- tion. But successful or not, the high-profile chairs only went to a handful of scientists. In contrast, the Goldenberg chairs – formerly known as the Canada Impact+ Research Chairs – are expected to have a larger and potentially transformational footprint through sheer numbers. “Talent attracts talent,” said Robert Asselin, chief executive officer of the U15 group, which advocates for Canada’s top re- search universities. “You want to have homegrown talent and make sure that people who have been educated here come into your ranks and become the stars, but you also need to attract for- eign talent – a bit like invest- ments.” In recent months, Canadian universities have made overtures to researchers abroad, in some cases before the new program was fully unveiled. The first intake of new recruits hired through the pro- gram is expected to be an- nounced late next month. The deadline has just passed for uni- versities to access funding for a second round. Dr. Asselin said universities he has been in contact with have been very pleased with their re- sults. The challenge, he added, will be for the federal govern- ment to maintain a consistent future level of support and fund- ing, otherwise the new chairs will simply increase the pool of researchers competing for slices of a shrinking pie. Dr. Bernstein agreed that the program was a good move and a worthy tribute to Mr. Golden- berg’s vision. But with many countries now courting scientists away from the U.S., Canada will need to do more to ensure it can both attract and retain top tal- ent. “The chairs program is a great first step,” he said. “But it’s just the first step.”
tion about meetings between NAC representatives and Chi- nese officials in Canada – and is asking whether those meetings could have influenced the arts centre’s decision. The allegations made in the filing have not been tested in court. Carl Martin, senior adviser for strategic initiatives at the Na- tional Arts Centre, said the NAC would not be commenting on the matter as it is before the courts. The Falun Dafa Association’s court filing says that a senior
funding for groups supporting survivors of human trafficking
TEMUR DURRANI NATIONAL REPORTER
The federal government is providing around $3.35-million in new funding for a group of survivor-focused organizations combatting human trafficking, as cases of the crime contin- ue to rise steadily across various parts of Canada. Nine organizations in Ontario, Quebec, Alberta, New Brunswick, Nova Scotia and British Columbia will receive the funding over three years to support projects for victims and survivors, Justice Minister Sean Fraser said Thursday. Mr. Fraser made the announcement on the World Day Against Trafficking in Persons, established by the United Nations in 2013 to push governments to take action and raise awareness about the persistent global issue. “Today’s investment signifies an important step in our efforts to end human trafficking, and solidifying a justice system that responds to the needs of victims and survivors while putting their safety and dignity first,” he wrote in a statement. The non-profit groups intend to use the funding for a range of projects that include advocacy support for victims navigating the criminal justice system, digital outreach pro- grams on the Prairies and tailored services for franco- phones. Over the past decade, trafficking cases have soared in Canada, with both police-reported incidents and calls to na- tional crisis lines hitting record highs. Experts have said human trafficking is one of the most challenging crimes to detect, investigate or prosecute, as it overlaps with issues such as drug addiction, poverty, home- lessness and systemic discrimination. Often, victims may not know or believe that they are being trafficked. Statistics Canada has repeat- edly warned that human-traffick- ing figures – including its own data, which recorded 5,070 inci- dents nationwide between 2014 and 2024 – only provide a partial picture of the “extremely under- reported crime.” Still, despite the caveat, the agency says recorded cases have consistently increased year after year. The Canadian Human Traf- ficking Hotline, meanwhile, says it received more than 5,900 calls in 2025, an all-time high and 14 per cent more than the previous year. Earlier this week, The Globe and Mail reported new findings from a Thomson Reuters report that showed how traffickers have been exploiting the country’s highways and airports to es- tablish corridors for moving victims between major Cana- dian cities. By examining thousands of sex ads claiming to feature Indigenous women and girls, researchers highlighted active routes for predator networks: Toronto to Vancouver; Ed- monton to Fort McMurray, Alta.; Calgary to Edmonton; and Belleville, Ont., to Edmonton. The report dovetailed with a Globe investigation publish- ed last month that demonstrated how predators are uti- lizing online platforms for short-term rentals to move vic- tims in Canada. In one case, a Quebec teenager was pres- sured into providing sexual services to at least 50 men in the span of 15 days, The Globe reported, as she was taken west- ward from Montreal through Ontario before winding up in Manitoba. In another case that highlighted how extensive traffick- ing can tend to be, on Tuesday, police in the Toronto area announced more than 80 charges for nine people as part of a network spanning Ontario and Western Canada. Halton Regional Police Service Superintendent David Costantini called it “just the tip of the iceberg.” Mr. Fraser positioned Thursday’s funding announcement as part of Ottawa’s recent legislative changes to toughen bail laws and thwart gender-based violence. The Protecting Vic- tims of Crime Act, which came into effect earlier this month, coupled with the new federal reverse onus rules that make bail harder to obtain, are both “laws to enhance protection for victims and survivors of human trafficking,” he said. Julia Drydyk, executive director of the Toronto-based Canadian Centre to End Human Trafficking, said the funds will “make a huge difference for front-line organizations that do incredible work on shoe-string budgets.” However, she cautioned that much more is needed. Ms. Drydyk, whose charity works directly with a majority of the groups that received the new funding, said she hopes Ottawa will soon provide details about its National Strategy to Combat Human Trafficking, a previous five-year plan that expired in 2024 and had provided the basis for a steadier flow of long-term funding. “It’s hard to do the work for survivors and grow as an organization when you’re constantly chasing these three- year contracts like this,” she told The Globe. For Cristina Scarpellini, founder and executive director of Sudbury-based Angels of Hope Against Human Trafficking, the $85,640 her non-profit received to increase socio-legal services for French-speaking survivors is more than just funding. “It is an investment in hope, healing and second chanc- es,” she said in a statement. “Together, we can continue building a future where survi- vors are empowered, traffickers are held accountable and human trafficking has no place in our communities.”
Experts have said human trafficking is one of the most challenging crimes to detect, investigate or prosecute, as it overlaps with issues such as drug addiction, poverty, homelessness and systemic discrimination. Often, victims may not know or believe that they are being trafficked.
official with the NAC stated in a public meeting in 2025 that the arts centre would not comply with a request from a Chinese official to bar Shen Yun from performing. The filing also alleges that, during that same meeting, the arts centre’s president referred to concerns about Shen Yun’s working conditions coming out of a New York State Department of Labour inquiry. The New York Times reported in 2024 that Shen Yun perform- ers were discouraged from seek- ing medical care, subjected to
gruelling schedules and exposed to emotional abuse and manip- ulation. Shen Yun and Falun Gong denied those allegations and claimed the dancers report- ing ill treatment distorted the facts “in bizarre and dramatic ways.” They also accused The New York Times of playing into the hands of the Chinese govern- ment. Other Canadian venues, in- cluding Montreal’s Place des Arts, have decided to not pro- gram Shen Yun. THE CANADIAN PRESS
of ethics ruling on Trudeau, WE Charity
Chief Justice Wagner found that appellate court erred in dismissing watchdog group’s application
IAN BAILEY OTTAWA
The Supreme Court of Canada says a section of the federal Con- flict of Interest Act that doesn’t allow courts to review ethics commissioner findings is uncon- stitutional. In a unanimous decision Thursday, the court ruled in fa- vour of a watchdog group, allow- ing it to continue to pursue a court challenge of a federal ethics report on former prime minister Justin Trudeau’s involvement in government decisions related to the WE Charity. Writing for the court, Chief
GEOFFREY YORK AFRICA BUREAU CHIEF JOHANNESBURG
Rebeca Grynspan, an economist and former vice-president of Cos- ta Rica, has jumped into an early lead in the race to become the next United Nations secretary- general after winning a straw vote at the UN Security Council. The top two vote-getters in Thursday’s poll were women can- didates, bolstering the hopes of civil-societygroupsthatarepush- ing for the UN to choose a woman for its top post for the first time in its history. Carolyn Rodrigues-Birkett, a former Guyanese foreign minis- ter, finished second in the Securi- ty Council’s confidential vote, ac- cording to results disclosed by several independent organiza- tions that monitor UN decisions. A series of straw votes over the coming months is expected to narrow the field and identify a consensus candidate to succeed António Guterres of Portugal, who steps down at the end of De- cember after 10 years in the post. The winning candidate will need the support of at least nine members of the 15-member Secu- rity Council and will also need to avoid a veto by any of the coun- cil’s five permanent members: Britain, France, China, Russia and the United States. The council’s decision is usually rubber- stamped by the UN General As- sembly. The new secretary-general will facethedifficulttaskofdefending theUNfromseverefinancialpres- sure, especially from the Trump
RICHARD COWAN DAVID MORGAN DAN ROSENZWEIG-ZIFF
U.S. President Donald Trump threatened on Thursday to withdraw until next year hisnominationofToddBlanchetoserveas U.S. attorney-general, escalating a standoff with Senate Republicans who have object- ed to a proposed “anti-weaponization” fund that could benefit his allies. The dispute highlights Mr. Trump’s weakening grip on a Congress controlled by his own party, but it does not affect the tenure of Mr. Blanche, who can continue to head the Justice Department as acting at- torney-general. Republican senators John Cornyn and Thom Tillis have held up Mr. Blanche’s nomination while seeking writ- tenassurancesthattheJusticeDepartment will not set up the US$1.8-billion “anti- weaponization” program. Trump critics have derided it as a slush fund to reward supporters with taxpayer money. Mr. Cornyn and Mr. Tillis met with Mr. Blanchetogetherfor45minuteslateThurs- day afternoon to try to salvage the confir- mationvote,accordingtoapersonfamiliar with the matter. The person, speaking on condition of anonymity, said the two sides are working “collaboratively,” are closer to an agreement and that Mr. Blanche an- swered questions about his proposed reso- lution. Mr. Trump said on social media that he could withdraw Mr. Blanche’s nomination and then renominate him next year after Mr. Cornyn and Mr. Tillis have left office. Mr. Trump also claimed credit for ending the careers of the two senators. Mr. Cornyn and Mr. Tillis are due to end their terms in the Senate in early January. Mr. Blanche, Mr. Trump’s former person- al lawyer, was named acting attorney- general after the President fired Pam
Justice Richard Wagner found that the Federal Court of Appeal erred in dismissing a Democracy Watch application on the matter. “Every exercise of public au- thority is subject to the courts’ supervisory jurisdiction to en- sure that it does not exceed its legal limits,” Chief Justice Wagner wrote, noting the “legality re- view” is constitutionally guaran- teed. “Section 66 of the COIA in- fringes this guarantee by pur- porting to bar judicial review on questions of fact and law; to that extent it is of no force and effect.” The section says every order and decision of the commission- er is final and shall not be ques- tioned or reviewed in any court, except in accordance with some grounds in the Federal Courts Act. Chief Justice Wagner wrote that political oversight of the commissioner is not an adequate
Rebeca Grynspan, pictured in Paris in April, is vying with four others to be the next secretary-general of the UN, a position currently held by Portugal’s Antonio Guterres. STEPHANE DE SAKUTIN/AFP VIA GETTY IMAGES
administration in the United States, which has demanded ma- jor cuts in the UN bureaucracy. TheUNisalsoseenasincreasingly ineffective because of routine deadlocks at the Security Council. In the straw votes, council members are asked to “encour- age” or “discourage” each of the candidates. Ten countries voted “encourage” for Ms. Grynspan and only one country voted against her, while the remaining four countries did not express an opinion, according to the unoffi- cial results. Ms. Grynspan, 70, has been the
Bondi in April. The stalemate over Mr. Blanche’s nomi- nation is the latest sign of a growing rup- ture between Mr. Trump and some Senate Republicans.Thepartyfacesthepossibility of losing its 53-47 seat majority in the Sen- ate in November’s midterm elections, and some Republicans in the chamber have shown an increasing willingness to resist the President. Republicans have turned away efforts to fund Mr. Trump’s ballroom on the site of the demolished White House East Wing, andresistedhiscallstochangeSenaterules to pass his partisan voter ID bill, the SAVE America Act. Mr. Cornyn, who lost his primary re-elec- tion bid in Texas after Mr. Trump endorsed challenger Ken Paxton, told reporters that negotiations were likely over until next week. Mr. Til- lis, who represents North Carolina, announced his re- tirement last year after clash- ing with Mr. Trump over Medicaid cuts in the Presi- dent’s sweeping tax cut and spending bill. Mr. Cornyn and Mr. Tillis have been the public faces of opposition to Mr. Trump. But Mr. Cornyn said on social media that other senators share their concerns. Mr. Blanche has also met with Republi- can Senator John Curtis of Utah to try to shore up support. Mr. Blanche likely does not need to be confirmed to effectively serve as Mr. Trump’s attorney-general for the rest of his term as President. Acting officers can serve in their roles “for the period that the nomi- nation is pending in the Senate,” so long as their nomination is not formally rejected or withdrawn. And as deputy attorney-general, he can exercise all duties of the attorney-general’s
The stalemate over Mr. Blanche’s nomination is the latest sign of a growing rupture between Mr. Trump and some Senate Republicans.
alternative to judicial review. Ian McLeod, a spokesperson for the federal Justice Depart- ment, said it is reviewing the court’s decision “in detail.” In a statement, a spokesper- son for the Office of the Conflict of Interest and Ethics Commis- sioner acknowledged the Su- preme Court ruling. “The Office respects the judg- ment of the Supreme Court of Canada and remains committed to administering the Conflict of Interest Act independently, im- partially, and in accordance with the law,” said communications director Melanie Rushworth. Konrad von Finckenstein has been the Ethics Commissioner since February, 2024. At issue in Thursday’s Su- preme Court ruling was a May, 2021, report from then-ethics commissioner Mario Dion, which found that Mr. Trudeau, as prime minister, had not contravened
head of the UN Conference on Trade and Development since 2021. She was vice-president of Costa Rica from 1994 to 1998 and has held several other cabinet posts. In a “vision statement” for her candidacy, Ms. Grynspan said the world’s trust in the UN is waning. “We are falling short,” she said. “Too many think that the UN is absent from negotiations to end wars. It is seen as too distant from the daily needs of people, focused on reports that few read and meetings that few notice.” The UN’s leaders must rise to
office when that office is vacant. That means that so long as he is in that position, and there is no one above him, Mr. Blanche can likely run the Justice Department in- definitely. The “anti-weaponization” fund, crafted as part of a legal settlement between Mr. Trump and the Justice Department to re- solve his US$10-billion lawsuit against the IRS over allegedly mishandling his tax re- cords, was put on hold amid opposition from Republicans in Congress. The fund could benefit Trump allies who have said they were unfairly targeted in the past by the federal government for their involvement in the Jan. 6, 2021, attack on the U.S. Capitol. Mr. Trump last year gave clemency to his sup- porters who were prosecuted for their roles in the Jan. 6 riot. Mr. Cornyn told reporters earlier on Thursday that he was still waiting for the Jus- tice Department to formalize assurances that it would not implement the fund. “I don’t know whether they think they can wait us out or we’ll cave. But I can as- sure you we won’t,” Mr. Cornyn told report- ers. Mr.CornynandMr.Tillisalsohaveobjec- tions to a deal with the Internal Revenue ServicethatwouldpreventtaxauditsofMr. Trump and his associates. Mr. Trump ousted Ms. Bondi over his frustrations with her performance, espe- cially over the release of files relating to the late financier and sex offender Jeffrey Ep- stein.Mr.TrumpalsofeltMs.Bondiwasnot movingquicklyenoughtoprosecutecritics and adversaries whom he wanted to face criminal charges, according to sources.
the Conflict of Interest Act when he participated in funding deci- sions related to the WE Charity. Mr. Dion concluded that while it’s always advisable to recuse oneself and inform the commis- sioner promptly when facing an apparent conflict of interest, there was no requirement to do so under the act. The Liberal government chose WE Charity in 2020 to administer a multimillion-dollar program to encourage students to volunteer for COVID-19-related community service. However, questions were raised because of the Trudeau family’s links to WE Charity. Mr. Trudeau acknowledged publicly that he should have re- cused himself from government decision-making on the matter because of the appearance of conflict. Democracy Watch applied to the Federal Court of Appeal for
this “crisis of faith” or be swept aside by it, Ms. Grynspan said. “To defend the UN is to have the cour- age to change it.” Ms. Rodrigues-Birkett ran sec- ondinthestrawpollwithsupport from nine countries and opposi- tionfromtwo.Thethird-placefin- isherwasRafaelGrossiofArgenti- na, who has headed the UN’s nu- clear watchdog, the International Atomic Energy Agency, for the past six years. He was supported by seven countries and opposed by two. There is a widespread assump- tion that the UN’s top job this
judicial review of the commis- sioner’s decision, alleging that the commissioner made errors of fact and law in his interpretation and application of the conflict act. The appellate court unani- mously dismissed Democracy Watch’s application. In a statement Thursday, De- mocracy Watch co-founder Duff Conacher said the Supreme Court’s ruling sets a clear prece- dent that he believes allows all future cases challenging errors in rulings by the ethics commis- sioner, and, by extension, all agencies, boards, commissioners and tribunals across Canada to go forward. Mr. Conacher said the ruling will help ensure that all adminis- trative law entities uphold and enforce the law properly.
With a report from The Canadian Press
time should go to a candidate from Latin America or the Carib- bean, based on an informal rota- tion among the world’s regions. Five of the seven candidates are from this region. The remaining two candidates are Macky Sall of Senegal and Ol- ara Otunnu of Uganda, but both received more opposition than support in Thursday’s straw vote. The results “confirm conven- tional wisdom among diplomats that Grynspan is running a strong campaign,” said Daniel Forti, head of UN affairs at the Interna- tional Crisis Group, in a social- media post after the vote. He noted, however, that the preferences of the Security Coun- cil members could change as can- didates drop out or new candi- dates join the race. “Bargaining will intensify later on,” he said. Civil-society groups, seeking to make the selection process more transparent and less subject to backroom deals, have pushed for greater scrutiny of each candi- date. Their efforts have led to a se- ries of public dialogues among the candidates, allowing them to face questions. But analysts still warn that the race could be swayed by last-minute candidates who avoided the public process. Thenextstrawvoteisexpected in August. Mike Waltz, the U.S. ambassador to the UN, told jour- nalists after Thursday’s vote that he expects the Security Council to reach a decision “in the coming months.” He added: “We need a Secretary-General that is going to reform this institution, that is go- ing to make it leaner and more fit for purpose, more relevant on the international stage.”
AUTISM ADVOCATES CALL FOR ALERT SYSTEM OVERHAUL AFTER CALGARY BOY FOUND DEAD
CALGARY A non-profit repre- senting Canadians with autism says better emergency alert systems for missing vulnerable people are needed after the death of a Calgary boy. Police found the body of 11-year-old Parker on Wednesday afternoon in a labyrinth of water pipes under the city, nearly two weeks after he was first reported missing from a northside day home. There was a massive search for the boy, who had autism and was non-verbal, that saw hundreds of officers and volunteers scour city blocks and play his favourite Disney songs to try to draw him out. The search also raised ques- tions about how to alert the public when vulnerable children disappear. The National Autism Network says emergency alert systems and first-responder training need “urgent change” for vulnerable children and their families. A group of mothers has also started petitions urging officials to launch similar broad outreach emergency messages for cate- gories that include neurodi- vergent children. “The National Autism Net- work will be creating space in the coming days for Autistic people, families, professionals and com- munities to share stories, identi- fy solutions and help shape real change,” the group said in a news release Wednesday. THE CANADIAN PRESS
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“In the short term, a lot of meteo- rologists in North America are suddenly lacking confidence in thedata,”saidDavidSills,asevere storm scientist and the director of the Northern Tornadoes Project at Western University in London, Ont. “I’m just looking at the balloon launches from this morning, and therearenolaunchesbetweenAl- buquerque, New Mexico and Sas- katoon,” Dr. Sills said. “There’s just nothing. It’s a void.” Many morning soundings in the American west have been de- layed by six hours, the data show, from 12 p.m. to. 6 p.m. GMT, lead- ing to an 18-hour gap in the obser- vations used by Canadian fore- casters. “We’re seeing a degradation of higher-resolution models,” Dr. Sills said. “Talking to meteorolo- gists this year, we’re all going, ‘What the heck is going on?’ “ While it is difficult to trace the impactofthesechangesonspecif- ic predictions or subsequent weather warnings, severe storm forecasters in Southern Ontario and Quebec will have less data they can rely on, he said. Despite repeated efforts to re- place balloons with satellite ob- servations or other approaches, the cheap, battle-tested contrap- tions – which rise so high they eventually burst and fall back to Earth – have remained essential to global weather models. “If you withhold weather bal- loons and run the same simula- tion, it’s not going to be anywhere near as accurate,” Dr. Sills said. “These are the models that gener- ate our daily forecasts, assess whether a severe storm or an ex- treme storm is going to happen, these kinds of things.” Changes to soundings in states suchasMontana,Idaho,Utahand the Dakotas have a direct impact on Canadian forecasting, Dr. Sills said. Since weather tends to move from west to east, measurements collected by the U.S. provide crit- icaldataformeteorologistsinOn- tario and the Prairies. John Bateman, a spokesperson for the U.S. National Weather Ser- vice, said that agency policy al- lows for launches at midnight, 6 a.m., noon and 6 p.m. GMT, and that a majority of the agency’s weather balloon stations are op- erating on a normal schedule. “Any sites conducting fewer launches are due to temporary re- source or equipment con- straints,” Mr. Bateman said. American news outlets have previously tied the changes to the wide-ranging spending cuts brought forth by U.S. President Donald Trump over the past year- and-a-half. MatthewBunkers,aconsultant and meteorologist in South Dako- ta who retired from the U.S. Na- tional Weather Service last year, said that some government staff were happy with the agency’s change to its launch schedules, since it gives them data closer to thelateafternoon,whenthunder- storms are more likely to develop. “I’ve talked to forecasters from a central U.S. office who like hav- ing the middle-of-the day sound- ing,” he said. Dr. Bunkers said that the shift in launch times wouldn’t neces- sarily imperil forecasting models, either. Thirty years ago, models used to be run twice a day, but are now run continuously, fed by sat-
president.
A federal court decision shows that, in 2023, the Public Service Commission of Canada found that Ms. Zhang committed fraud when she applied for the same job twice at the Canada Border Services Agency and didn’t alert anyone that both applications were from the same person. Ms. Zhang submitted applica- tions from two e-mail addresses, one from York University and the other from Université de Mon- tréal, and twice wrote the same standardized exams in an effort, the commission found, “to in- crease her chances of being ap- pointed.” She sought judicial review of the commission’s ruling, but a federal court judge dismissed her appeal in 2024, records show. Ms. Zhang has not made any public comment on the allega- tions against her since her deten- tion, nor has any lawyer acting on her behalf. A spokesperson for York Uni- versity told The Globe that securi- ty officials recently contacted the school to inquire about Ms. Zhang, who received an under- graduate degree from the school
Canada
Team members release a latex weather balloon with an attached instrument called a windsond into the inflow region of a storm during an operation last June near Morton, Tex. CAROLYN KASTER/ASSOCIATED PRESS
Percentage of stations launching weather balloons at noon and midnight GMT Many American stations that were reliably launching balloons at both noon and midnight Greenwich Mean Time prior to 2025 are no longer following that schedule.
100%
Donald Trump begins his second term as U.S. president.
Donald Trump begins his second
term as U.S.
2024 2025 2026 50
Note: Rate calculated with a 30-day moving average.
THE GLOBE AND MAIL, SOURCE: INTEGRATED GLOBAL RADIOSONDE ARCHIVE
SOURCE: INTEGRATED GLOBAL RADIOSONDE ARCHIVE
ellites,radarandotherdatasourc- esasidefromballoons.“Asmeteo- rologists, we have a lot of tools in the toolkit,” he said. While the U.S.’s changes may benefit some of its own meteorol- ogists, Canada is left to contend with a patchy weather balloon system. “There are fairly big gaps in the Canadian network,” said Patrick McCarthy, a storm chaser and re- tired Environment and Climate Change Canada severe weather meteorologist who follows the weather “religiously.” There are no regular soundings near Saskatoon, Regina, Calgary or Winnipeg, for instance, all ma- jor urban centres in one of Cana- da’s tornado hot spots. “There’s nothing. It’s very frustrating.” Over time, Canada has become tooreliantonU.S.measurements, said Mr. McCarthy, who is also president of the Canadian Mete- orologicalandOceanographicSo- ciety. “Thelogichasbeenthatthere’s somanystationsupstream”–that is, in the United States – “that that should be enough,” he said. “We’ve abdicated some of our re- sponsibilities because we rely so muchonAmericandata.Ifthey’re
United States
in economics in 2019. An individual named Biwei Zhang, born in 1993, co-owns a property in North York, just south of the York University cam- pus. A neighbour told The Globe that they believed the property was being rented out. A woman listed as a co-owner of the property, but who lives in a nearby townhouse, declined to answer questions when she was approached by a Globe reporter on Thursday. Ms. Zhang also studied at the University of Ottawa, where she received a master’s degree in computer science and systems engineering, according to her on- line résumé on LinkedIn. In announcing Ms. Zhang’s ar- rest, Belgian prosecutors said the woman worked at NATO’s mili- tary headquarters in the city of Mons and was a “Canadian na- tional of Chinese origin” suspect- ed of spying for a third country and belonging to a criminal orga- nization. Beijing has yet to comment publicly on the case. China’s em- bassies in Canada and Belgium did not respond to requests for comment from The Globe. NATO’s 2022 Strategic Concept
notgoingtodothatforus,ournet- work of upper air stations is no longer effective.” Instead, Mr. McCarthy would like to see renewed investment in the national weather balloon network.Astart,hesaid,wouldbe to add at least one or two permanentstationsinthePrairies – though he warns that’s unlikely. “I can’t remember hearing of a new weather station in Canada. But I’ve heard of ones being closed,” he said. Earlier this year, Environment Canada disbanded a research team which had been working to improve the quality of data from the country’s new weather radars, which use pulsed energy to detect precipitation. Inane-mailedstatement,Envi- ronment and Climate Change Canada spokesperson Samantha Bayard said that the department had“observedareduction”inU.S. morning soundings. “ECCCisworkingtoensurethat it has access to upper air data cov- erage from across Canada,” she said, and the government’s na- tional atmospheric monitoring network is “robust and respon- sive to Canada’s unique climate and population distribution.” Giventhesevereweatherinthe
document, the foundation of the military alliance’s policies, says China poses “systemic challeng- es” to Euro-Atlantic security. In response, China’s foreign minis- try accused NATO of groundless accusations, smears and attacks. Jody Thomas, a former nation- al-security adviser to Justin Tru- deau when he was prime minis- ter, told The Globe that it was un- usual that someone with Ms. Zhang’s background in computer science – and not defence or se- curity – would apply for and be approved to work at NATO. She said senior Canadian federal offi- cials should be reviewing how the intern was vetted and received clearance to work for NATO. “I think the concern level would be very high in govern- ment. Everybody wants to know what happened,” Ms. Thomas said. “There are a lot of questions to be asked.” She said Canadian officials would want to review the wom- an’s entire screening process to understand if there were any flaws in the security-clearance programs run by the RCMP and the Canadian Security Intelli- gence Service (CSIS). “Somebody was monitoring
Weather balloon launches at 12 p.m. GMT on July 1, 2026 In the 1950s, members of the World Meteorological Organization agreed to launch weather balloons twice a day – at noon and midnight Greenwich Mean Time – for data collection and forecasting purposes. But a large swath of stations in the American West are no longer adhering to that schedule.
Note: 12 p.m. GMT translates to 8 a.m. ET and 5 a.m. PT.
Prairies this summer – the prov- inces of Alberta, Saskatchewan and Manitoba have already seen more than 70 tornadoes in 2026, according to the Northern Torna- doesProject–thedepartmenthas temporarily deployed a “mobile upper air station” in Saskatoon, which will launch a balloon each weekday, Ms. Bayard said. So far, day-to-day forecasts in the U.S. and Canada haven’t seen a statistically significant decrease in accuracy, according to Eric Floehr, the founder of Forecast- Watch, a U.S.-based service that has tracked and measured the quality of weather forecasts for more than two decades. That doesn’t mean the dearth of balloon launches hasn’t had an impact, however. “It’s in those unusual events that the weather balloons really make a difference,” Mr. Floehr
her activity and discovered some- thing that they were concerned about. So that’s really positive. But how she got there, there’s more to learn,” Ms. Thomas said. It’s also possible that there were no red flags in her back- ground that would have raised suspicions prior to her working at NATO, she added. A spokesperson for Supreme Headquarters Allied Powers Eu- rope, or SHAPE, in Belgium said Thursday that while it “cannot go into specifics regarding the crimi- nal investigation, we can say that it concerns alleged unauthorized activities with potential security implications.” CSIS also said Thursday that it could not comment on specifics of the case. But it said, “Canadians can be assured that our law enforce- ment and intelligence agencies maintain strong relationships with partner agencies, at home and abroad, that assist in ad- dressing threats like those de- scribed in relation to the arrest made in Belgium last week,” said CSIS spokesperson Magali Héb- ert. Simon LaFortune, a spokesper- son for Public Safety Minister
Launched Did not launch
said. Take the case of Ottawa, Kan., where several tornadoes touched downinApril,includinganEF2–a rating for tornadoes that can in- flict “considerable damage” – with wind speeds reaching 200 km/h, leading to three injuries. Ottawans received little advance warning, according to Mr. Floehr. “Ifaballoonhadgoneupinone oftheplacesnearby,”hesaid,“itis very likely that they would have caught that.” To Mr. Floehr, the compound- ing effects of climate change will make the detailed atmospheric data collected by weather bal- loons increasingly important. “In this era where we are absolutely, 100 per cent seeing more extreme weather, the more data you have and the better able you’re able to predict it, the more lives you save,” he said.
Gary Anandasangaree, declined to comment on whether a probe has been launched into the NATO intern’s previous roles in Cana- dian government departments and agencies. The Canadian Space Agency did not immediately respond to requests for comment. Ms. Zhang has also said on LinkedIn that she played a role in artificial-intelli- gence decisions at the Standards Council of Canada, but the orga- nization declined to comment. On Tuesday, prosecutors said Ms. Zhang’s pretrial detention had been extended by one month. A spokesperson said on Thursday that she had appealed the decision, with a ruling on the appeal expected within the next two weeks. NATO reported the suspect to Belgian intelligence after observ- ing her behaviour, according to Belgium’s federal prosecutor’s of- fice. A NATO spokesperson has said that there was no indication the incident had affected the alli- ance’s operational readiness, command and control, or contin- uing missions.
SAMY MAGDY ELENA BECATOROS CAiRO
The United States and Iran each fired barrages of missiles Thurs- day, as the pattern of back-and- forth strikes took hold again and hope dimmed for a quick end to the five-month conflict. Following a few days of respite, fears of a wider war have grown, with renewed fighting threaten- ingtoengulfevenmorecountries. Jordan said Thursday it intercept- ed Iranian missiles for the second consecutive day, while Kuwait said a strike in the northern part of the country killed one person. Also this week, drones caused
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In a statement, CONCACAF said members “expresseddeepconcernsaboutthelackof due process surrounding the proposal, the artificiallyshortdeadlineimposed,andthe absence of any review or approval by the relevant FIFA governance bodies.” It also questioned the need for outside invest- ment “following the most profitable FIFA World Cup in history.” Mr. Infantino’s secret project was re- vealed Tuesday to spin off its commercial operations in a new US$20-billion subsidi- ary called FIFA Forward Enterprise (FFE) 20-per-cent owned by private investors. The core investor would be a New York in- vestment firm created by Joshua Kushner, the brother of U.S. President Donald Trump’s son-in-law Jared Kushner. Mr. Infantino wrote Tuesday to the 211 members – already the effective owners of FIFA as a non-profit association under Swiss law – that if they approve FFE their promised US$10-million basic funding for the next four years will double to US$20- million. He projected their FIFA funding through 2038 would be US$86-million each, instead of about US$36-million. “This is not merely a profound failure of leadership,butanabdicationofFIFA’sduty as the custodian of world football,” said UEFA, where Mr. Infantino was a long-time staffer and its CEO-like general secretary when he was first elected to lead FIFA in 2016. Mr. Infantino’s high-stakes financial gambit now could threaten his previously secure 11-year presidency of FIFA as anger and frustration with him rises among soc- cer stakeholders, including three of the six continental bodies. FIFA has set a Nov. 18 deadline for poten- tial candidates to declare in a presidential vote of the 211 members scheduled next March in Rabat, Morocco. Mr. Infantino had seemed – 11 days ago
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fires on ships at an Egyptian port, and Saudi Arabia said it came un- der fire from Iran-backed militias in Iraq. The war – which in its early daysU.S.PresidentDonaldTrump said would last four to five weeks, although he warned it could take longer – has caused the price of fuel to spike and roiled the global economy. As months have passed, concerns have deepened about using up the stockpile of weapons the U.S. needs to defend its bases and allies. The war is unpopular among Americans, and a new AP-NORC poll says Mr. Trump’s approval rating on Iran has dipped slightly since last month.
FIFA president Gianni Infantino watches a match in Mexico during the 2026 World Cup. ELOISA SANCHEZ/REUTERS
after the World Cup final in East Ruther- ford, N.J. – to have a clear path to being re- elected unopposed for a fourth and final term in office through 2031, despite a furor over letting United States forward Folarin Balogun play against Belgium despite a red card in his previous game. Soccer officials have said privately Mr. Infantinohaseyedalucrativecommission- er-like role at the FFE spinoff beyond 2031. UEFA detailed Thursday why soccer offi- cials fear external investors owning a stake of the global game’s biggest events, includ- ing World Cups and Club World Cups for men and women. “The moment external investors ac- quire ownership interests in FIFA competi- tions, football changes forever,” UEFA said. “Commercialreturnbecomesapermanent obligation.Investorexpectationsbecomea daily pressure.”
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The recent pause in fighting, which began over the weekend andspurredhopesamongmedia- tors of diplomatic progress, end- ed with increasing missile and drone attacks across many coun- tries in the Middle East. “We note with concern that the securitysituationremainsprecar- ious,” said Pakistani Foreign Min- istryspokespersonTahirAndrabi, whose country has been a key mediator. Talks “are ongoing to normal- ize the situation, particularly the situationintheStraitofHormuz,” he told reporters. An Iranian strike hit a Chinese firm’s building in Kuwait on Thursday, severely damaging the
Mr. Infantino has presented the private equity offer as a chance to “turbocharge” funding development of soccer across the world, where a majority of the 211 FIFA members rely on its funding. Officials from about 40 UEFA member spokeattheurgentmeeting,withangerex- pressed that FIFA is not using some of its multibillion-dollar reserves to fund extra development programs. “As a result of today’s discussion, no UEFAnationalteamswillparticipateinany FIFA competition for so long as these pro- posals remain alive,” the European soccer body said, “unless this proposal has been abandoned in its entirety and binding as- surances have been given that FIFA will neveragainopenitsgovernanceorcompe- titions to private ownership.”
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structureandkillingaworker,Ku- wait’s military said, hours after Jordan’s air defences shot down five missiles launched from Iran. No injuries were reported from Jordan’s interception, the coun- try’s state-run Petra news agency said, quoting the spokesman for the country’s armed forces. Both JordanandKuwaithostAmerican troops. The attacks came after the U.S. military said it completed “a heavy wave of strikes against Iran” in response to an earlier Ira- nian missile attack on a U.S. base in Jordan. U.S. Central Command said U.S. forces struck dozens of targets belonging to Iran’s Revo- lutionary Guard, including mili-
tary command centres, missile and drone facilities, and coastal surveillance and defence sites. Iran’s official IRNA news agen- cy said three people were killed and two were wounded in a strike ontheislandofQeshm,whichlies off the Iranian mainland in the StraitofHormuz–acrucialwater- way for the world’s energy suppli- es that has been at the centre of the conflict. The latest barrage came after theU.S.partneredwithSaudiAra- bia on Wednesday to strike Iran- backed militias in Iraq, killing at least 20 fighters and six Iranian advisers.
TRUMP SAYS DEAL REACHED FOR DISARMAMENT OF HAMAS IN GAZA
U.S. President Donald Trump said on Thursday his so-called “Board of Peace” reached an agreement for the complete disarmament of Palestinian Hamas militants and other armed groups in Gaza. In a post on Truth Social, Mr. Trump cast it as a “major milestone in the implementa- tion of the Trump 20-Point Plan” to end Israel’s war in Gaza. Mr. Trump said the deal would be carried out in phases, with Israeli forces withdrawing as disarmament proceeds and an International Stabilization Force working with a new Palestinian police force to secure the enclave. He thanked mediators Egypt, Qatar and Turkey. “This agreement is a critical step toward Gaza finally being governed by a new Palestinian government that will work closely with the Board of Peace to help the Palestinian people,” Mr. Trump said. “At the same time, Israel will have the security it deserves,” he added. Earlier in the day, sources said that talks between media- tors and Hamas leaders in Cairo on implementing a U.S.- brokered Gaza peace plan made rare progress, although an Israeli official said proposed terms were not satisfactory. Israeli strikes killed at least six Palestinians in Gaza on Thursday, including two chil- dren, medics said. REUTERS
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LETTER TO THE HUMBLE CHIP STAND
fast-food joints they’ve encountered across Canada over the past decade, Lana Hall writes
JERRY’S FRIES BARRIE, ONTARIO JOEL KIMMEL
ZIGGY PEELGOOD’S ST. JOHN’S, NEWFOUNDLAND CHANTAL BENNETT
road trip. A shack on the side of a highway. A paper cone of steam- ing, crispy fries. For many Canadians, stopping at a chip stand on summer vacation or en route to the cottage is a rite of passage. In The Chip Stand: 130 of Canada’s Iconic Food Landmarks, illustrators and married couple Chantal Bennett and Joel Kimmel pay homage to hundreds of the iconic fast-food joints they’ve encountered dur- ing a decade of road trips across the coun- try, from British Columbia to Newfoun- dland. Often found in small towns and on the fringes of cities, chip stands are places where food, travel and culture intersect. The book, released by Firefly Books in March, includes delightfully quirky illus- trations – including, for example, a sketch of a decommissioned airplane that’s been converted into a chip stand in Saint-Es- prit, Que. It also features comic strips, in- terviews with chip stand operators and short cultural histories. (Care to learn about the origins of the deep-fried Pogo corn dog? They’ve got you covered.) The couple sat down with The Globe and Mail to talk about what makes chip stands so endearing.
What is it about chip stands that makes them so iconic?
CHANTAL: I mean, they serve a pretty specif- ic menu. It has to be fries, and most of them serve poutine, which differentiates them from anywhere else in the world. The other fun thing is that so many of them are off-the-beaten track, and you don’t know they’re there until you stum- ble across them. The majority of food trucks tend to be in cities, whereas chips stands can be spread around the country. It’s the sort of thing you find on road trips, which is really a fun thing to come across accidentally, or as a tradition. It’s definite- ly part of road-trip culture.
You interviewed some of the chip stand operators you encountered. Did anything surprise you during those conversations?
JOEL: I think the book really emphasized to the owners that they are part of this Canadiana culture. And I think at first they didn’t really see the importance. A lot of these owners are just slinging fried foods in a shack and they’ve been doing it for a long time. Also, one of the owners did tell us how much money he made, and I was sur- prised by how much. I guess it’s just that the potato has a low overhead and a high profit margin, I don’t know. I think the chip stand owners who really have a busi-
ness mind are the ones that last.
You also talk about the “disappearing chip stand.” Why are we seeing fewer of these places?
CHANTAL: When we talk about the disappearing chip stand, what we’re really talking about is the tradition- al chip stands, like the ones that we drew, which are kind of ramshackle, with a lot of character and history. There are new chip stands popping up all the time, so I don’t think the genre is in danger of dis- appearing, but the problem is they’re all popping up in these food trucks that are kind of bland, and we’re disappointed that they aren’t more interesting to look at. Since we started working on the book in 2015, almost 50 of the chip stands we chronicled have closed.
JOEL: The history of the chip stand is so fascinating. I mean, they started as horse- drawn wagons in the 1930s. But the far- ther we get away from the converted school bus or the Canada Post truck or any other quirky vehicles and into shiny new food trailers, it just takes away from the charm.
Why did you think this book should be illustrated?
CHANTAL: Every chip stand is so different, and we wanted to experiment with differ- ent types of media, like charcoal and pen- cil crayon. I even did some fibre arts and made some miniature replicas, which was fun. It’s like the variety of styles reflects the variety of chip stands. Each chip stand has its own mood.
JOEL: Some people have asked us, ‘Why didn’t you just photograph all these chip stands?’ Well, it’s not always possible to get good photos because they’re in park- ing lots and the sun is beating down. The bonus of being able to draw and paint is that you can exclude certain things: You can remove a garbage can, for example. You can add gulls and clouds. We did take some artistic licence, because you can on- ly draw a parking lot so many times.
TAMI’S TATERS RENFREW, ONTARIO JOEL KIMMEL
BIG RED BUS CAPE BRETON, NOVA SCOTIA CHANTAL BENNETT
SULLY’S SPUDZ MATTAWA, ONTARIO JOEL KIMMEL
BURGERS & MORE HASTINGS COUNTY, ONTARIO JOEL KIMMEL
GOLDIE’S FRIES WINNIPEG, MANITOBA JOEL KIMMEL
I
tourist upside of U.S. tariffs
t is a basic part of economics that tariffs costs are ulti-
mately borne by the country imposing them. A recent re-
port from a U.S. think tank offers a new way of looking at
those costs.
Consumers pay the price of tariffs, but the report from the
Center for International and Strategic Studies shows Cana-
dians’ refusal to travel south of the border since U.S. Presi-
the border.
dent Donald Trump’s trade war began has also proven to be a
punch in the gut to many American workers.
The federal government has put broad countertariffs on
U.S. goods and provinces have fought back with bans on
booze and other measures. Ordinary Canadians have looked
to retaliate with their wallets, whether it’s buying Canadian-
made goods at the grocery store over American products and
refusing to spend their time and money travelling south of
Ever since Mr. Trump began musing about making Canada
the51ststateandstartedslappingtariffsonanever-widening
range of goods, an aggrieved patriotism has fuelled antag-
onism toward the United States. The Washington-based
think tank says those hard feelings will linger, a contradic-
tion of Mr. Trump’s belief that tariffs will force Canadians to
capitulate to his will.
There’s a pretty big flaw in that thinking, the report points
out. “Once consumers in a democratic society organize
around a grievance, state-to-state economic statecraft can-
not reliably dictate their behaviour,” it states.
Translation: Canadians are angry and, at least for the fore-
seeable future, there is no capitulation on the horizon when
it comes to travel.
The report calculates the considerable economic pain that
refusal to travel has cost border towns in the U.S. Using land-
crossings data from U.S. Customs and Border Protection and
public employment records, the think tank estimates that
the plunge in travel to the States cost border communities
between 10,000 and 30,000 leisure and hospital jobs.
That has meant lost earnings of between US$500-million
and$1-billiononanannualbasis.Inotherwords,everydollar
collected in tariffs on Canadian goods has cost American
workers in border towns between five cents and 10 cents.
Last year, the U.S. Travel Association estimated that de-
clining international tourism, including from Canada, would
cost the overall economy U.S.$5.7-billion in 2025 compared
with the year before.
Even as Mr. Trump eased tariffs last spring, Canadians’
feelings toward spending their leisure time and money trav-
elling to the States did not soften, with land crossings in
March and April of this year still approximately 20 per cent
lower than 2024, according to the think tank.
Nor does it seem that Canadians are in any mood to
change their minds. A survey conducted this April by Long-
woods International, a market research consultancy, found
57 per cent of Canadians said U.S. trade policies made them
less likely to visit in 2027.
That was before Mr. Trump slapped 50-per-cent tariffs on
even more Canadian goods.
The travel boycott alone won’t end Mr. Trump’s erratic
trade war. But it does add pressure.
And, the more Canadians who choose to spend their travel
dollars here, the more they help bolster the Canadian econo-
my. Domestic tourism pumped $83.1-billion into the econo-
my in 2025, an increase of 8.7 per cent compared with 2024,
according to Statistics Canada.
Every dollar spent here helps to counter Mr. Trump’s tar-
iffs. And with the relatively weak dollar, Canadians have that
much more reason to shun travel to the United States and
spend their travel dollars here.
And here’s hoping that wounded national pride can
bloomintoadeeper,richerappreciationofthenationasCan-
adians travel to destinations across the country, visiting
parks and towns and cities they might not otherwise.
At a time when national unity appears to be more frac-
tured than it has in decades, with a vote in Alberta that could
begin the process of separating from Canada set for this fall
and the Parti Québécois promising to hold a referendum on
independence in its first term if elected, the need for Cana-
dians to visit each other has never seemed greater.
The irony of Mr. Trump trying to bash Canada into submis-
BUILDING BRIDGES
Re “The PM’s rhetorical fog over a bridge” (Editorial, July 30) I see the Gordie Howe bridge as being no different from any other spec- ulative real estate project that was built with one objective in mind only to see the market change. The decision becomes whether to recoup one’s losses over a longer term or to hold on to costly, non-revenue-generat- ing concrete and steel. I believe we made the best decision under the circumstances and I haven’t heard anyone proffer a viable al- ternative.
M. Ian Bowmer Ottawa
It seems at least some Liberals in the PMO know but are unpre- pared to share details of the rider to the Gordie Howe bridge agree- ment. These are the very people who claim to – and should have – our best interests at heart. Many Canadian taxpayers want to know the facts so they can form their own opinions. Is this such an egregious ask? What possible excuse do Liberals have for not coming out and simply telling us what transpired?
Brian Sterling Oakville, Ont.
VICTIMS OF WAR?
Re “On the mend” (July 29): Rus- sia is committing daily acts of ter- ror against Ukrainian civilians. The featured soldiers are the ones carrying out that work. Rather than celebrating their “poignant” mindset, and their magnanimous lack of “hatred” for those who hurt them (i.e. the Ukrainians defending their homes and families), we should be pressing them on why they signed up to participate in an im- perialist invasion.
Michael Mysak Calgary
I have read about Russian sol- diers as victims of war. They en- tered the war with both eyes open and with a view to either eliminating Ukrainians because of sheer hatred and/or to make money. I understand the argu- ment to present both sides, but I feel that Russia does not have a side or a justification for this war.
Irene Zakaluzny Calgary
At a time when Russia continues its brutal war, a sympathetic fea- ture on wounded Russian sol- diers has no place in Canadian media. Publishing stories like this risks normalizing Russia’s aggres- sion and creating a false equiva- lence between the suffering of Ukrainians and Russians. Wheth- er these soldiers enlisted willing- ly or were coerced, centring their trauma diminishes the vastly greater suffering caused by Rus- sia’s illegal invasion and shifts at- tention away from the Ukrainian people who have endured vio-
lence, destruction and displace- ment.
Robert Carter Toronto
HEALTH IS VITAL
Re “We must focus on extending healthspan” (July 27) I agree that lifespan is the wrong metric. We’ve become very good at add- ing years to life without adding life to our years. Part of why this gap has gone unattended is healthspan isn’t a single problem with a single fix. It’s biology, behaviour and the systems we age within. Progress means getting the science right, then getting it to the public part- ners who can act on it. In June, McMaster received a $50-million gift aimed squarely at healthspan. We’re recruiting global experts, funding scholar- ships for promising students and building research programs that bridge kinesiology and medicine. Muscle, my own field, is one place where an independence gap in later life is won or lost. We intend to close that gap.
Stuart Phillips Canada Research Chair, Hamilton
You can do everything right – eat properly, exercise, control your weight, never smoke, drink mini- mally, have friends and get to bed on time – but there are two sad truths: Everything wears out and you can only run away from your genetics for so long. Demented and in pain, my mother dwindled away over many years. Under the current rules, she didn’t qualify for MAID. As painful as it was to watch, I can’t imagine how terrible it was for her. Yes, we need to do much better on prevention, but the morbidity gap is not going to improve sig- nificantly any time soon. We should also offer a dignified end for more people.
Lauralee Morris, MD Brampton, Ont.
To improve our healthspan we have to plan like systems think- ers. It starts with an engaging, vi- tal education system that prior- itizes teaching about healthy liv- ing, physical and mental fitness, nutrition and cooking and the benefits of outdoor time, art and culture to our well-being. We need to shift these subjects from the margins to the core of curri- culum. And we need to design schools and cities that facilitate these ideas.
Nigel Smith Toronto
As I read this piece and then about the current wildfires, two old sayings came to mind: “To prevent is to avoid having to cure” and “Listen to the whispers of the body before they become screams.” Our physical environ- ment and our physical health are personal responsibilities. Our
choices make big differences in many ways, collectively and indi- vidually.
Martin O’Connell Burlington, Ont.
UNFAIR TAXES
Re “How much would it take to turn around Canada’s housing and economic malaise?” (Report on Business, July 28) The high housing costs and economic ma- laise are related. If an investor makes capital gains on assets such as stocks, ETFs or mutual funds, they are required to pay taxes on those gains. Yet capital gains on the sale of a primary res- idence are tax free. That’s led to a lot of money flowing into housing, and less in- to stocks for capital investment in the economy. What’s needed to level the playing field is either a tax on capital gains from the sale of a principal residence, or a tax break on capital gains from stocks for anyone who doesn’t own a home. Whether any gov- ernment has the fortitude to make these changes, that’s an- other matter.
Doug Payne London, Ont.
FANNING THE FLAMES
Re “Ontario blows fiscal smoke on firefighting” (Editorial, July 28) Wildfires are also raging in Al- berta and I believe much of the blame can be put on the provin- cial government. In 2019, it shuttered around 30 fire watchtowers in the boreal forest and cancelled the helicop- ter firefighting rappel program. Soon after, it did away with a large number of forest ranger po- sitions, leaving fire management with a crew spread thinly across the province. With such short-sighted bud- geting and lack of proper plan- ning, no one should be surprised when wildfires remain out of control. “Nero fiddles while Rome burns,” comes to mind once again.
Nancy Marley-Clarke Cochrane, Alta.
GAME TIME
Re “Prime to air Wednesday NHL games in 12-year deal with Rog- ers” (Report on Business, July 29) The president and CEO of Rogers Communications said the Rogers partnership with Prime Video “reinforces NHL hockey as the most valuable sports content in Canada.” I always thought the value of hockey was in the joy, fun and an- ticipation of seeing your favou- rite team win, as well as empha- sizing the value of exercise, sportsmanship and healthy com- petition.
T
A
M
OPINION
OPINION
We must hold social media platforms to their own commitments
MICHAEL GEIST
Canada Research Chair in Internet and E-commerce Law at the University of Ottawa’s Faculty of Law
he Canadian government has a two-pronged legal strategy to counter rising hate: New Criminal Code provi- sions to address offline harms, such as intimidation or protests outside schools and places of worship, and the digital safety bill introduced in June, which targets online harms. A new legal duty to act responsibly, which would require internet platforms to publish digital safety plans, provide greater transparency on their efforts to counter harms, and occasionally remove con- tent, serves as the foundation for fighting back against the spread online of illegal content such as non-consensual distribution of intimate images, cyberbullying,
lbertans can now get some diagnostic tests – MRIs, CT scans, ultrasound, X-rays – without a referral from a physi- cian. They will also have the plea- sure of paying for these services out-of-pocket, and they will be eligible for reimbursement only if the tests detect a new cancer. Talk about a lose-lose. In announcing the Patient Choice and Self-Referral for Pre- ventative Health Testing initia- tive, Premier Danielle Smith called it “peace of mind” testing. She also said the change would result in earlier detection of can- cer, improve health outcomes and ease pressure on the public system. But these claims are dubious. Physicians have an important role as gatekeepers, to ensure that tests, from blood tests through to diagnostic imaging and genetic testing, are done purposefully. Still, it’s not very difficult to get a referral for a diagnostic imaging test if there is even a mild suggestion it may be useful. Alberta alone does more than seven million of these tests an- nually. Research suggests about one in five of the procedures are unnecessary. According to “Waiting Your Turn,” a report from the Fraser Institute, the average wait time across Canada is 8.8 weeks for CT scans, 18.1 weeks for MRI scans, and 5.4 weeks for ultrasound. Waits are long and problem- atic, but unregulated self-referral will create more problems than
MICHAEL IGNATIEFF
Former Liberal Party leader and professor of history and rector emeritus of Vienna’s Central European University
y family and I were holi- daying in France in 1989 when a Canadair water bomber swooped over a nearby fire in the forests of Provence and dropped a load of red fire-retar- dant water to douse the flames. I still remember how my son, then five years old, looked up, pointed, and said: “Canada.” Today, France is on fire again, with flames also blazing a path of death and destruction in Spain and Greece. But exhausted Eu- ropeans standing in burned-out, smoking ruins this week aren’t looking skyward in awe of Cana- dian ingenuity. Instead, many of them are asking: Where are the Canadairs?
terrorist content, and content that incites violence or hatred. These are worthwhile mea- sures. But for those concerned with antisemitism, Islamopho- bia, or other forms of hate, stric- ter rules against illegal content are basic table stakes. The bigger challenge is the far larger catego- ry of content best described as “awful but lawful”: the tropes, conspiracy theories, and coded dehumanization that cause seri- ous harm but remain constitu- tionally protected expression. A law mandating this material’s re- moval would invite an immedi- ate Charter challenge. Instead, we need to figure out how to ad- dress harms without overstep- ping constitutional safeguards for freedom of expression. Doing nothing is not an op- tion; the harms are real. Anti- semitism offers the starkest cur- rent example. CyberWell, a non- profit that tracks antisemitic content online, documented an 86-per-cent spike in the three weeks after the terror attacks on Oct. 7, 2023, and researchers have found statistically significant cor- relations between concentra- tions of antisemitic posts and the locations of real-world attacks on synagogues. The conventional answer has
An MRI technologist at Centenary Hospital in Toronto scans a patient’s brain in 2024. FRED LUM/THE GLOBE AND MAIL
it solves. More than 30 years ago, Alberta allowed patients to pur- chase diagnostic imaging tests privately, with a referral. (Most other provinces have since fol- lowed suit.) That was supposed to ease wait times, but they’ve only grown worse. Allowing people to self-refer may allow them to get tests fas- ter, or “jump the queue,” to use Canadian health care parlance. But allowing more testing doesn’t magically create more health professionals to deal with the results. The most likely result of self- referral will be more “incidenta- lomas” – incidental findings that ultimately mean nothing but trigger a cascade of further tests.
Canadair water bombers are a triumph of Canadian aviation. The most modern ones are capa- ble of swooping over a lake or ocean, taking in about 6,000 litres of water in 12 seconds, and dumping it on a fire before going back for another load. Canadair built 125 CL-215 Scoopers, the first model of pis- ton-engine water bombers, be- tween 1969 and 1990. Then, after the program was acquired by Bombardier, the Quebec-based firm built 160 units of a new mod- el, the specialized CL-415 turbo- prop firefighting aircraft (and its variants), which came out in 1991. Spain, Italy, Portugal and Greece all use Canadairs to fight their fires; the French have 12 of them. So why are French fire victims not seeing Canadairs when they look up? According to Le Monde, no more than eight of the 12 have been operational at any one time since July 21. The rest are waiting for parts from Canada. The reason they’re still wait- ing: Bombardier suspended pro-
long been that the best remedy for bad speech is good speech. Yet that approach may no longer be effective, as engagement-dri- ven algorithms give conspirato- rial content a built-in distribu- tion advantage and online echo chambers or “filter bubbles” mean that counter-speech rarely breaks through. There is, however, a potential solution hiding in plain sight: The platforms themselves say that much of the awful but law- ful content violates their terms and conditions. For example, Meta prohibits dehumanizing speech and, after consulting 145 external stake- holders, extended its rules to at- tacks using “Zionist” as a proxy for Jews. TikTok bans Holocaust denial and YouTube prohibits content promoting hatred based on religion or ethnicity. These policies are not a function of gov- ernment legislation, but rather result from voluntary commit- ments adopted by the companies themselves. The policies may say many of the right things, but the enforce- ment record to date tells a differ- ent story. CyberWell’s 2025 report found that nearly half of the anti- semitic content that violated platform policies remained on-
The Alberta Medical Associ- ation says private-pay outsourc- ing will not meaningfully reduce wait times or public system bur- dens. “On the contrary, the evidence shows it may introduce new risks, including overuse, inciden- tal findings, downstream publi- cly insured costs, erosion of the public system, widening equity gaps and further destabilization of the workforce,” it concludes in a recent report. So why does the Alberta gov- ernment want to urge more test- ing? Certainly, there is an element of ideology at play. Among the United Conservative Party’s base, there is a lot of distrust of health
duction of the planes in 2015, when the company decided there wasn’t enough demand. Pause, if you will, over that de- tail. In the middle of growing global awareness of climate change and the explosive impact on forest cover, a Canadian com- pany decided that nobody want- ed the most effective fire-fighting aircraft ever devised. Too often, climate change awareness works like that: Wor- thy consciousness that never gets translated into a business plan. De Havilland Canada acquired the Canadair program in 2016, and resumed production of its own waterbomber (the DHC-515) in 2024. It now has back orders from France, Spain, Italy, Greece, Portugal, Croatia and the EU, which maintains a continent- wide fire-fighting capacity. But the French won’t get their first new planes from the factory in Calgary until 2028 – in the fall, af- ter the fire season. Why is production so painfully slow? Agence France Presse went
line even after the companies were notified by those tasked with identifying offending con- tent. When Meta scaled back proactive enforcement in Janu- ary, 2025, ADL researchers docu- mented a nearly fivefold increase in antisemitic comments on the Facebook pages of Jewish mem- bers of the U.S. Congress, even though the company’s written policies remained unchanged. The content can even be profit- able, with platforms and social media influencers alike earning revenue from posts that the plat- forms’ own rules prohibit. One way to bridge the discon- nect between policy promises and enforcement failures would be to hold platforms legally re- sponsible for their own policies. For decades, the U.S. Federal Trade Commission has treated privacy policies as enforceable commitments, creating privacy obligations premised not on gov- ernment-mandated rules but on companies’ own undertakings. The effect is to create binding pri- vacy obligations backed by real enforcement. Canada has some- thing similar, with the Competi- tion Bureau using the same rea- soning in 2020 to reach a $9-mil- lion settlement with Facebook over misleading privacy claims.
professionals and a lot of rheto- ric about medical freedom. They don’t want some smarty-pants doctor toiling in a socialist sys- tem preventing them from get- ting whatever test they want. There is also a stubborn cling- ing to the “steam valve” argu- ment: The notion that allowing people to pay privately for ser- vices will ease waits and access problems in the public system. That was the principal selling point for a related change, an- nounced late last year, allowing some physicians to work simul- taneously in the private and public systems, providing elec- tive procedures like cataracts and hip and knee replacements, in an approach known as dual
to Calgary to find out, and discov- ered that the 50,000 separate pieces of the fuselage are bolted on by hand. Why no automation? Because the supply chains that used to sustain production for Bombardier disappeared when production stopped in 2015. As a result, De Havilland has had to scramble to find or make the parts itself. You can’t run an aero- space industry that produces at scale without a permanent sup- ply chain that enables them to automate production for just-in- time assembly. So here we have a classic Cana- dian story: We have technology the world wants, but we can’t produce it at speed and at scale. No country can afford to squan- der an advantage in any domain, especially not in this increasingly urgent space. With some corpo- rate leadership and some federal assistance, though, this can be fixed. Doing so would also illustrate the importance of disaggregating existential risk like climate
Whether through the new Dig- ital Safety Commission or the Bu- reau’s existing deceptive market- ing framework, a regulator would audit platform conduct and impose potential liability for systemic failures to comply with the company’s existing content policies. There would not be lia- bility for individual moderation errors, and the government would stay out of regulating aw- ful but lawful speech. Instead, the companies themselves would be held to account for their own promises to address the harms on their platforms. They could respond by promis- ing less, but any retreat would at least be visible, giving users and advertisers a clear sense of where they stand. The reality is that no legisla- tion can fully address online harms. But holding platforms to their own commitments offers what years of debates have failed to produce: A way to address harmful but lawful content while limiting government intrusion into speech regulation. The plat- forms have told Canadians, in their own published rules, that this content has no place on their services. The government should use the digital safety bill to make sure they keep their word.
practice. Neither of these chang- es will make an appreciable dif- ference to access or waits. Nor is there any promise to regulate thoughtfully or measure if the changes are actually effective. So we need to ask: What’s the end game? In the case of dual practice, Ms. Smith has been careful to say it’s for elective procedures. With self-referral, the government is emphasizing that it is for “pre- ventative” diagnostic testing. In other words, Alberta is al- lowing more private payment and private delivery for services that are not “medically neces- sary.” And, under the terms of the Canada Health Act, only “med- ically necessary” care must be publicly funded. With its action, the province is gnawing away at the edges of legislation that has very vague wording, and, in doing so, gradu- ally opening a door for parallel public and private systems of care. The way to counter this ap- proach is not to get overly worked up about the changes, which, in isolation, are not that important. Rather, Canadians who care about the robustness of the pub- licly funded health insurance system should be taking the bull by the horns and asking: What are the limits of medicare? Because, ultimately, that’s the gauntlet being thrown down by Ms. Smith. Clearly, a publicly funded health care system cannot pro- vide all things to all people all the time. But drawing the lines between public and private provision and payment care should be done deliberately, not stealthily.
change – a crisis so large and so frightening that our anxiety can actually prevent us from doing something about it. It may be that the way we frame climate change is a kind of learned help- lessness. We can think our way into a passive posture in which practi- cal steps here and now seem pointless or too late – gesture- politics of an empty virtue-sig- naling kind. Producing Canadairs at speed and at scale would represent a ti- ny, even infinitesimal part of any climate-change adaptation strat- egy. But we need small successes like this one, to give us the re- solve to do more. Besides, it would also be good for Canadian morale if we could imagine more kids, like my son, looking sky- ward amid the smoke in some foreign country and saying: Can- ada.
I
T
REVIEW
REVIEW
The latest instalment starts with a fresh take but then crashes and burns, with stiff dialogue and unappealing action
BARRY HERTZ
BARRY HERTZ
Spider-Man: Brand New Day CLASSIFICATION: PG; 145 MINUTES
Directed by Destin Daniel Cretton Written by Chris McKenna and Erik Sommers Starring Tom Holland, Zendaya and Jon Bernthal
t has been 5½ years since the last Spider-Man film, and the world has changed. The pandemic – which people broke containment for in order to enjoy 2021’s Spider-Man: No Way Home in theatres, a wa- tershed moment for either side of the masking movement – has subsided. Artificial intelligence, which half a decade ago was mostly employed as an insult thrown toward the likes of No Way Home’s robotic screenplay, has kneecapped countless indus- tries, up to and including Holly- wood. And the Marvel Cinematic Universe that houses everyone’s friendly neighbourhood radi- ation victim has seen its popular- ity wax, wane and practically re- ach new moon (if not new Moon Knight) status and reboot entire- ly, with the upcoming epic Aven- gers: Doomsday rewiring fran- chise star Robert Downey Jr. from iconic hero to big-bad heavy. Yet in Spider-Man’s New York, things remain stubbornly the same. Peter Parker (Tom Hol- land) is still weighing the great power that comes with great re- sponsibility. Supervillains, both secondary and theoretically top- tier, are still rampaging around the Big Apple, evoking equal amounts of Spidey quips and VFX-enabled nips (and tucks). And true love, always just out of grasp for this MCU version of Spi- dey, remains elusive – with the object of his affection, MJ (Zen- daya), now memory-wiped by a Doctor Strange spell deployed at
McDonald’s soft serve, and half as satisfying
I Want Your Sex CLASSIFICATION: 18A; 90 MINUTES
Directed by Gregg Araki Written by Gregg Araki and Karley Sciortino Starring Olivia Wilde, Cooper Hoffman and Charli XCX
Written and directed by Hirokazu Kore-eda Starring Haruka Ayase, Daigo Yamamoto and Rimu Kuwaki A
decidedly unsexy and even timid film about the plea- sures and perils of kink, Gregg Araki’s first feature in more than a decade finds the pioneer of American indie queer culture (The Doom Generation, Mysterious Skin) in a cinematic state of coi- tus interruptus. There is plenty of buildup here, but the release, when it finally does arrive, is halt- ing, awkward and slightly embar- rassing for everyone involved. This includes star Olivia Wilde, who is having a rather up-and- down summer between her rap- turously received work behind and in front of the camera with The Invite and her wobbly per- formance here as a contempo- rary artist named Erika who is ob- sessed with sex. That fixation en- snares Elliot (Cooper Hoffman), a go-nowhere dude who winds up becoming Erika’s latest in a long line of boy-toy assistants. As Elliot gets closer to Erika – the two going from pedestrian bouts of in-office sex to ostensi- bly extreme bedroom scenarios involving handcuffs, whips and various outfits – the relationship doesn’t so much reveal new lay- ers to the characters as it does strip them of any compelling characteristics. Think of it as The Devil Wears Latex, but with sub- zero chemistry between its leads. It doesn’t help that Araki frames the story using a police in-
Think of it as The Devil Wears Latex, but with sub-zero chemistry between its leads.
While cycling through breakneck melees with a series of secondary villains in the opening action scenes, Spider-Man is also snappily trading intel and insults with street-level mercenary The Punisher, right.
the end of the last movie. (If you don’t already know, don’t ask.) By this point in the Spider-Man franchise – nine films deep, not counting two excellent animated outings – absolutely everyone knows the general contours of Peter’s world-wide web, not to mention the corroding MCU me- chanics needed to keep it spin- ning. So you would think that direc- tor Destin Daniel Cretton – new to the Spidey brand, if not new to Marvel thanks to his work on 2021’s other Avengers-y outing Shang-Chi and the Legend of the Ten Rings – would try his darn- dest to find something new to add to the Peter Parker mythos. And, remarkably, for the first half-hour of Spider-Man: Brand New Day, he does. Ripping through a series of ac- tion scenes set to the rolling thunder of TV on the Radio’s track Wolf Like Me, Cretton rein- troduces us to a hero who leaps off the screen as well as he does Manhattan skyscrapers. There is a fiery, wiry energy in the way that the director captures Spidey mid-fight and flight. At one moment, the hero is cy- cling through breakneck melees with a series of secondary villains (Scorpion, Tombstone, a ninja
In I Want Your Sex, Cooper Hoffman, left, stars as Elliot, a go-nowhere dude who winds up becoming the latest boy-toy assistant to contemporary artist Erika, played by Olivia Wilde.
cult dubbed The Hand that feels as if they’d be more at home in the DC cinematic universe next door, hanging with Ra’s al Ghul). The next, Spidey is snappily trad- ing intel and insults with the street-level mercenary Frank (The Punisher) Castle (Jon Bern- thal, in peak grizzled and grum- bled form).
As a character, Spider-Man is above all vigilant. But the crushing length of his adventure this time around makes it a challenge to stay even passively alert.
The familiarity of it all is offset by the sheer momentum that Cretton brings to the opening ac- tion, which possesses an air of real-world place and physicality just thick enough to make you believe that the MCU has finally shaken its addiction to janky, weightless CGI. But then you check your watch and realize that there are still 120 minutes to go, and this Brand New Day starts to resemble the same old week.
terrogation narrative in which two dour cops (Johnny Knoxville and Margaret Cho, given the defi- nition of thankless roles) try to untangle just how Elliot and Eri- ka’s relationship went so sour. Hoffman, so winsome in his past few lead roles (including last year’s thriller The Long Walk and Paul Thomas Anderson’s Licorice Pizza), just cannot get a decent handle on his slacker, even if he is afforded the script’s few good lines (asked for the difference be- tween pornography and fetish- centric art photography: “I guess it’s context and lighting”). Occasionally, Araki will punc- tuate the rather by-the-book sto- ry with loopy animation and sur- real flashes of fantasy. Yet the bulk of the film is so staid that the effect is like slathering a handful of lube on top of the King James Bible: theoretically pro- vocative, but more so empty- headed. Pop star Charli XCX, playing Elliot’s exceptionally vanilla girl- friend, has the right idea. She has a few quick scenes, infuses them with some real wit, and then gets going while the going is good. That’s a pullout method I can get behind.
Yes, Spider-Man must face a new threat in town, but it is courtesy of a mystery-cloaked villain (Stranger Things star Sadie Sink) who seems wedged into the proceedings for no good rea- son other than Marvel Studios desperately needing to set up the plank of its next few movies. The moment that the character’s identity is finally, mercifully re- vealed, during a scene in which two superheroes conduct what is essentially a Google search, is designed to evoke gasps among the audience, but only raised a few faux-chuckles during my screening. There are also plenty of osten- sibly emotional, presumably es- sential character-building mo- ments in which Spidey reckons with the relationships that he once shared with MJ and his one- time BFF Ned (Jacob Batalon). But they are all bafflingly dis- tended, the dialogue by screen- writers Chris McKenna and Erik Sommers groaning and creaky. Meanwhile, the film’s central theme – a riff on the old Jekyll and Hyde divide when it comes to embracing, or controlling, your inner monster – is bela- boured. And what about the ac- tion, which initially seemed blessed by Cretton’s own seem-
Sheep in the Box gets lost in the melodramatic flock
Sheep in the Box CLASSIFICATION: N/A; 127 MINUTES
he new Japanese sci-fi drama Sheep in the Box ar- rived at the Cannes Film Festival this past spring with seemingly all the perfect elements in place. The film was the follow-up for Hirokazu Kore- eda to his wonderfully touching and enigmatic 2023 drama Monster, the best film in his storied career. It carried a high- concept pitch – a couple adopts an AI-assisted robot, de- signed to look like their recently deceased son – that felt poignantly of the moment. And Japan just so happened to be the “country of honour” at this year’s edition of Cannes, a festival that previously handed Kore-eda the coveted Palme d’Or prize (for his 2018 drama Shoplifters). Surely, Sheep in the Box would notch a high-water mark for the filmmaker. Unfortunately, from almost its opening minute, it’s clear that Kore-eda’s latest film represents a stunning misstep. A tonally uneven, blandly shot and rather unoriginally imag- ined riff on Steven Spielberg’s A.I. (not to mention a half- dozen other films), Sheep in the Box is a true head-scratcher – as if Kore-eda himself had been replaced by some digitally conceived facsimile. Again, the potential for something thematically interest- ing is there. There is one moment in particular, when the couple, Otone (Haruka Ayase) and Kensuke (Daigo Yama- moto), first visit the cutting-edge company that promises to cure them of their parental woes through a robotic surro- gate son (played with gentle enough grace by Rimu Kuwa- ki). Kore-eda immediately recognizes the queasy tension that such a proposition represents, with the Big Tech profes- sionals behind the offer gleefully oblivious to the dangers that they represent to society at large. But too quickly, the story’s dynamics settle into something resembling a half- witted sitcom – which might explain the casting of Yama- moto, one of Japan’s leading comedians. By the time that Kore-eda expands the story into some- thing of a robots-unite adventure tale, it’s hard to care whether humanity is doomed or not. This is a soft movie, in form and ideas, that badly needed a system upgrade before a single frame was shot.
ing superpower, a heroically sharp eye? Well, it reveals itself to be as artificial and aggravating as everything else, the promise of spectacle turned into a grey slur- ry of smashed concrete and bro- ken bones. As a character, Spider- Man is above all vigilant. But the crushing length of his adventure this time around makes it a chal- lenge to stay even passively alert. Holland, more winsome than Tobey Maguire and sweetly naive than Andrew Garfield, does as much as he can with the job be- fore him, even if that ends up not being enough to carry this non- event of a film. Don’t worry, he’ll emerge unscathed, so long as he can keep convincing the Chris- topher Nolans of the world that he’s a box-office draw unto him- self. Speaking of which: Holland’s Odyssey co-stars Bernthal and Zendaya can also keep their heads high, the pair enlivening a cinematic multiverse that grows more dim by the second. Heck, even the handful of MCU players from the mothership franchise who briefly pop up here – and who shan’t be named, lest Sony Pictures’ spoiler police bring their Mjolnir down – earn their surely fabulous paycheques. It is only that, once Brand New Day wraps up, it is hard not to feel a little like MJ back in 2021: com- pletely unaware of anything that happened in the preceding few hours. We can forget, but it might be past time to forgive.
SPIDER-MAN MOVIES, RANKED
The Amazing Spider-Man 2 (2014)
The Amazing Spider-Man (2012)
Spider-Man 3 (2007)
Spider-Man: Brand New Day (2026)
Spider-Man: Homecoming (2017)
Spider-Man: No Way Home (2021)
Spider-Man: Far From Home (2019)
Spider-Man (2002)
Spider-Man: Into the Spider- Verse (2018)
Spider-Man 2 (2004)
Spider-Man: Brand New Day opens in theatres Friday.
T
My father’s stamp book sent me on a journey
FIRST PERSON
behind the stamps after my dad died, Ron DeBoer writes
TODAY’S KENKEN SOLUTION
he day I helped my parents downsize their home, my dad took me into his little office, reached into a desk drawer and pulled out a crinkly pa- per bag. “Hang onto this for me, will you?” he said, conspiratorially. I slid out what looked like a yearbook, forest green, and but for two gold lines down the front, nondescript. “I promised a guy I’d keep it safe for him,” he said. “The guy” was someone he worked with who asked him to hold onto it for a while. A police officer showed up at their workplace the following day asking after the guy, and then the guy “vanished into thin air.” That was in 1979 – 40 years prior. When I got home, I opened the book and found rows and rows of stamps arranged un- der different headings: Canada, United States, Netherlands. There were two pages of stamps from Belgium, the same stamp ap- pearing multiple times. I texted my brothers what our dad told me. Lots of laughing-cry- ing emojis ensued. We joked, “Imagine if the stamps were worth something?” Then I put the book in the back of my filing cabinet for safekeeping and forgot about it. A couple months later, COVID came, my dad died during the thick of the pandem- ic, and my mother two years later. The other day I was clearing out old tax files when I came across the book of stamps. Grief instantly washed over me. Why didn’t I ask more questions about this mysterious guy; why did my dad faithfully safeguard the book for him despite him and mom moving
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countless times over their lifetime? I turned the pages, searching for clues. Where did these stamps even come from? I reached out to a friend, an amateur col- lector, who asked me to send him screen- shots. I started with a five-cent stamp from West Virginia. A few minutes later my friend let me know it was a commemorative stamp issued in 1963. My heart began beating a little faster. What if these stamps were worth something? In his next text he explained how stamps were valued – postmark clarity, colour and paper condition, small print runs, et cetera. He then gave me the estimated value range of my stamp: between 10 and 25 cents. If it were in mint condition it would have fetched a dizzying 75 cents. I replied with a laughing- crying emoji. I then sent photos of entire pages from the collection, hoping my friend might find a dia- mond in the rough. There was an eight-cent Eisenhower, a 10-cent Benjamin West. On the Canadian page there was a seven-cent Pierre Laporte stamp paying tribute to the journal- ist who was murdered during the October Crisis; a four-cent Prime Minister R. B. Ben- nett stamp and numerous ones marking the 1976 Olympic Games in Montreal. There was a stamp depicting artist Paul Kane, famous for painting scenes of Indigenous peoples at Hudson’s Bay Company outposts. A week or so later came his reply. All the stamps were from the 1960s and 70s. The Kane stamp might be worth between a loonie and a too- nie. Then one final text: None of these stamps were rare. My search for answers and patterns proved largely fruitless … until I made one of my own connections. I spotted an eight-cent Nel- lie McClung and 50-cent Lucy Stone stamp, both significant suffragists who fought for the right for women to vote. McClung was elected to the legislative assembly in Alberta
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in 1921 and served as a delegate to the League of Nations in Geneva in 1938. Stone spoke out for women’s rights in the U.S. and cam- paigned vehemently against slavery; she ini- tiated the National Women’s Rights conven- tion in Massachusetts. What I wouldn’t give to have one more conversation with my dad about these stamps, particularly the discovery of the McClung and Stone stamps. He and my mother were parents to four sons and spoke often of the daughter they lost. They would eventually have 11 grandchildren, 10 of them granddaughters who have had the freedom to make a difference in various ways in their communities. He would have understood the connection, grinned and said that was price- less. In the end, my brothers and I concluded that the stamp collection may very well have been our dad’s. The clue was the labeller em- bosser he used to title the countries, one of those hand-held devices that squeezed let- ters onto an adhesive strip making the letter appear raised and white. We found the same labels on several other items after settling their affairs. Why my dad concocted the story about some guy 40 years ago remains a mystery and may have been the product of his early onset dementia. Or maybe he thought the stamps would be worth something some day and wanted to bestow upon us those future riches. If he invented a mystery man who might come back for them, maybe I would be encouraged to hang onto the stamp book. The book remains in my filing cabinet, so I guess it worked.
Ron DeBoer lives in Kitchener, Ont.
First Person is a daily personal piece submitted by readers. Have a story to tell? See our guidelines at tgam.ca/essayguide.
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1 Facial treatments that may make you look like Shrek (temporarily!) 13 Words of resignation? 15 Organized mess 16 Cone cousin 17 ___ canto 18 Pic taker 19 One of two in an oxygen molecule 21 Droop 23 Attracted to all genders, for short 24 Open up, as a flower 26 Red, in Spain 28 100-meter ___ 32 Garment similar to a bodice 34 “The Temptation of St. Anthony” painter Salvador 36 Salt Lake City athlete 37 Sea serpent of Scottish superstition 40 “I wandered lonely ___ cloud” (Wordsworth) 41 Deceptive hockey move 42 Ice cream amounts 43 Moistens 45 The whole ___ yards 47 Emerge from an egg 48 JFK alternative 50 23andMe sample 52 “No jumping on the bed,” for one 53 Overly 54 Second-busiest airport in Florida, after MCO (Orlando) 56 Aye’s opposite 57 “I have no idea”
BRIDGE BY STEVE BECKER FRIDAY, JULY 31, 2026
You are declarer and open One Diamond. Partner responds Three Diamonds (forcing). What would you bid now with each of the following four hands?
CRYPTIC CROSSWORD
ACROSS 1 Outline of refurbished hotel suite (10) 7 Put a coat on? (5) 8 Ruthless sort of extremely tetchy, angry speech (6) 10 Band lacking new equipment (3) 12 Exactly where glasses may sit? (2,3,4) 13 Park worker managed to finish everything before winter (6) 14 Means of access in a concert site (6) 17 Second occasion to vote: this is what the choices are (9) 19 American about to head west for notable period of time (3) 20 Set where one may see Glastonbury attendees? (6) 21 Catalogue featuring unknown music producer (5) 23 Means of ascending stage with large snake (10)
DOWN
1 Insect with ghost and fire varieties 2 Sink or swim? 3 Woodwinds higher than bassoons 4 Place to store wine 5 “I’m ___ done!” 6 Roll with it! 7 Green-lighted 8 City that only Muslims can visit 9 Readily accessible 10 Phony 11 “CSI” actor Archie 12 Ave. crossers 13 1984 Kenny Loggins hit from a film of the same name 14 Animal curled up on a heating vent, perhaps 15 Certain crustacean appendage 20 ___ pit 22 Extremely helpful boon 23 Collared tops 25 Fix, as metaphoric fences 27 Word after “Space” or “traffic” 29 Like digitally enhanced notes? 30 Group workout with elevated platforms 31 ___ Kisses (chocolates produced at a rate of 80 million per day) 33 Singer ___ Marie 35 Ruler division 38 Go downhill fast? 39 Get high? 44 Tennis star Stephens 46 Tangle up
which puts you in the vicinity of the 33 points generally required to make 12 tricks. A small slam is virtually certain, and a grand slam is possible. Blackwood is by far the best way of estimating how many tricks you can take. If partner shows two aces by bidding five hearts, you sign off at six dia- monds. If he shows three aces by bidding five spades, you bid five notrump next, asking for kings. If he then responds six di- amonds, showing one king, you bid seven. 2. Four diamonds. After part- ner’s forcing raise, your four-
© News Licensing/Times Media Limited
DOWN 1 Great singer who collaborates with the Police? (10) 2 Garland that is left lying around (3) 3 Beaten at the end, do you just need to train more? (7) 4 Property in eastern New York, perhaps (6) 5 Portion of parfait, or terrific cake (5) 6 Divulge periodically gaining small amount of weight (8) 9 Performer supporting complaint about new sponsor (10) 11 Criminal world from part of UK, heading out for Georgia (8) 15 Country home housing an orchid plant (7) 16 Excellent bit of advice to present up front (6) 18 High point of centre for dedicated relaxation (5) 22 Run endlessly up and down (3)
EDITED BY DAVID STEINBERG
49 “Never ___ Give You Up” 51 What a bride walks down 53 Resident of Russia’s Alexander Palace, until 1917 55 Petri dish gel 57 German pronoun
diamond bid shows no extra values. If partner next bids five diamonds, you pass. But if partner indicates inter- est in a slam by cue-bidding four hearts or four spades, you will next bid five clubs. This cannot be construed as a strong bid, since you have already limited your resources by bidding four diamonds. Over five clubs, the rest is up to partner. 3. Three notrump. This is not a pleasant rebid, considering your heart holding, but it offers the best chance for game, and that is the main consideration. Five diamonds could be a bet-
SUDOKU DIFFICULTY RATING: HHHHH
INSTRUCTIONS Fill in the grid so thAt eACh row of nine squAres, eACh Column of nine And eACh seCtion of nine (three squAres By three) ContAins the numBers 1 through 9 in Any order. There is only one solution to eACh puzzle.
INSTRUCTIONS
KENKEN
©2026 KENKEN Puzzle LLC. KENKEN is a registered trademark of Nextoy, LLC. Dist. by Andrews McMeel www.kenken.com
Each row and each column must contain the numbers 1 through 6 without repeating.
58 More of ___ same 59 Currency in Kobe 60 From back in the day 61 Quibble 62 A, in France
ter contract, but there is no sen- sible way of finding out. If you were to bid four clubs, you would go past three notrump. Your 4-4- 3-2 distribution strongly suggests notrump despite the danger in hearts. If partner passes three notrump, the odds strongly fa- vour making it. 4. Four clubs. With your excel- lent controls in the side suits, a slam is possible despite your minimum high-card values. Partner may have something like , which would give you roughly a 90% chance for six. If partner’s response to four
clubs is four diamonds, you are entitled to make another slam try by bidding four spades. If partner then bids five diamonds, declining both of your invita- tions, you would have to respect his wishes and throw in the towel. Note that Blackwood is not employed here. Learning wheth- er partner has one or two aces does not resolve the question of whether there will be a good play for 12 tricks.
©2026 King Features Syndicate Inc.
SOLUTIONS
YESTERDAY’S UNIVERSAL CROSSWORD
YESTERDAY’S CRYPTIC CROSSWORD
& 2 3 6 ( % 2 5 ( ' 2 0 $ $ ' 5 $ , , 6 $ 5 ' , 1 ( 7 5 $ , / 7 . % $ % , ' , 6 & 2 0 ) 2 5 7 6 2 / + 2 / $ & 2 8 6 , 1 % 8 1 , 2 1 , 7 7 0 6 & 7 0 ( 5 5 < 0 $ . ( 5
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C
Society values creativity. But what exactly is it?
THE AGE OF BREAKTHROUGHS
Thomas R. Verny is a clinical psychiatrist, academic, award-winning author, poet and public speaker. He is the author of eight books, including the global bestseller The Secret Life of the Unborn Child and The Embodied Mind: Understanding the Mysteries of Cellular Memory, Consciousness and Our Bodies.
reativity is something our society values highly. But what is it exactly? Contem- porary psychology offers what is known as the standard definition of creativity. It holds that creativ- ity requires both originality and effectiveness. It must serve a practical purpose and be appro- priate to the task at hand. The idea, process, or product must be unique, novel, or unusual. An idea that is purely original but completely useless is not consid- ered creative by modern scienti- fic standards. You may remember from your high school days the story of Isaac Newton and how watching an apple fall from a tree led to his discovery of the law of gravity. It is probably part history and part legend, but it captures one of the key features of creative thought. Millions of people had seen ap- ples fall before. But it occurred to no one before Newton to ask, as he did, whether the same force that pulled the apple to the ground also existed in space, keeping celestial bodies in their orbits. In doing so, Newton con- nected two phenomena that ev- eryone else treated as unrelated. Newton’s discoveries, like those of extraordinary scientists from Archimedes to Stephen Hawking, align with the informa- tion-gap theory of curiosity first formulated by Prof. George Low- enstein at Carnegie Mellon Uni- versity. He hypothesized that when we notice a gap in our knowledge it feels like an itch we want to scratch, driving us to look for an answer. Recent advances in brain imaging have begun to re- veal how curiosity recruits the same dopaminergic circuits that underlie motivation and reward. Additionally, curiosity increases communication with the hippo- campus and thus enhances learn- ing and memory. Creativity is not just a chance phenomenon. Creativity emerges in people with a solid knowledge in a particular area, be that phys- ics, cooking, arts, etc. who are cu- rious, intelligent and under some pressure to solve a problem. These fundamental principles of creativity are well exemplified by Julia Child, the first person to make cooking shows on televi- sion popular. She was curious and encouraged curiosity in her viewers. She would ask questions of herself such as: How would longer browning change the fla- vour? Might another herb im- prove the dish? Could there be a more effective technique? The
FROM A1
After referring Crawford to the MPO last year, Mr. Carney’s office said that the mine will attract $5- billion in investment and create thousands of new careers. While the Crawford approval is an important milestone for Cana- da Nickel, significant hurdles re- main, including finalizing a mul- tibillion-dollar financing package and announcing a decision to forge ahead on construction. Crawford is expected to em- ploy around 3,000 people during its construction, and when it is in operation roughly 1,000 will work at the site. Canada has long been criti- cized for taking far too long to ap- prove major resource projects and bogging down companies unnecessarilywithredtape,espe- cially when overlapping provin- cial and federal permits are need- ed. Federal politicians have also stressed that a stronger domestic critical minerals industry could be used as leverage during trade negotiations with the U.S. To be designated as a critical mineral, the element must be important to the economy and
While the Crawford approval is an important milestone for Canada Nickel, significant hurdles remain, including finalizing a multibillion-dollar financing package. CANADA NICKEL
necessity of needing to produce a new show weekly was a good mo- tivator. And she was obviously highly intelligent. She treated recipes as living ex- periments and if anything went wrong, she embraced her mis- takes with humour. By example, she taught her viewers to be ad- venturous, to view failure not as a catastrophe but as a positive learning experience that will eventually pay off. Curiosity is one of the primary engines of evolution. It is in our DNA because those most eager to investigate and understand their environment were often the ones most likely to survive. We are born curious but de- pending on the attitudes of our parents, community and culture, that curiosity can be supported or suppressed. One comment from an authority figure like, “Stop asking stupid questions” often suffices to put the lid on an in- quiring young mind. On the other hand, responding to every ques- tion seriously and positively will contribute to a child’s potential for creativity. In our thirst for knowledge, we often turn to universities and other places of learning such as teaching hospitals. It is common- ly assumed that these places are wellsprings of information and creative thinking. Sadly, this is not always the case. Often new ideas are met with resistance as they are perceived to threaten professional identities, institu- tional authority and long-held beliefs. A tragic illustration of this atti- tude was the case of Ignaz Sem- melweis, a Hungarian physician working at the Vienna General Hospital in the 1840s. After a col- league died from an infection ac- quired during an autopsy, Sem- melweis surmised that doctors were carrying invisible “cadaver- ous particles” from the dissecting room to the maternity ward on their unwashed hands. In 1847 he made all physicians and students wash their hands with a chlori- nated lime solution before exam- ining patients. The results were dramatic. Mortality from childbed fever fell from about 10 to 18 per cent to roughly one to two per cent. Many senior physicians reject- ed his explanation. Semmel-
Curiosity is one of the primary engines of evolution. It is in our DNA because those most eager to investigate and understand their environment were often the ones most likely to survive.
national security, and face the risk of global supply disruptions. China dominates the supply chain of many critical minerals and has on occasion used its pow- er as leverage against the West. Last year, China imposed tempo- rary export restrictions to the U.S. for several minerals used in the defence sector. The main use for nickel is in steelmaking, but it is also an im- portant input for batteries for electric vehicles. Metal from the Crawford mine is expected to be sold to both the EV industry and the steel sector, to customers in the U.S and Europe. If it goes ahead, Crawford would be the first new nickel mine built in Canada in many years. One of the last sizeable nickel operations constructed in this country was the Nunavik nickel mine in northern Quebec, which started production in 2013. The Nunavik project was devel- oped by Canadian Royalties Inc., which was acquired by a subsidi- ary of China’s Jilin Jien Nickel In- dustry Co. Pierre Vaillancourt, analyst with Haywood Securities, in a report to clients last week said that an approval decision by the
weis’s theory implied that doc- tors were inadvertently killing their own patients. What an ab- surd idea, they thought. Semmel- weis could not explain why hand washing worked, making his claims easy to dismiss. Increas- ingly frustrated by the profes- sion’s opposition and vitriol, Semmelweis became severely mentally ill. In 1865 he was com- mitted to an asylum, where he was beaten senseless, put into a straitjacket and thrown into a dark cell. He died three weeks lat- er. Ironically, 20 years after his death, Louis Pasteur’s discovery of bacteria as transmitters of dis- eases and Joseph Lister’s use of carbolic acid as an antiseptic vin- dicated Semmelweis’s radical in- sight.
Academia has not drastically changed in the intervening years. The path to advancement and tenure at most universities is paved with published research papers that support the views of the senior scholars. You can rock the boat, but not too much. Incre- mental adjustment to the status quo is sanctioned – within limits. A case in point is the illustrious career of Professor Gerlinde Metz. In response to my inquiring about her academic education she told me that soon after she completed her postgraduate studies in neuroscience at the ETH Zurich, a world-renowned science university in Switzerland, she became interested in the then nascent science of epigenetics. As a young faculty member, her grant reviewers were outraged. They said epigenetics – the study of how environment and beha- viours can lead to changes that af- fect how your genes work – was a myth. Urged her to drop the
ILLUSTRATION BY DREW SHANNON
whole idea. That was 20 years ago. Today, Prof. Metz holds the Dr. Bryan Kolb Chair in Neuroscience at the University of Lethbridge. With 263 publications and more than 11,000 citations to her credit, she has become one of the world’s leading scientists advanc- ing epigenetics. I asked her how she decides what subject to pursue next. Where do her ideas come from? She said that much of her work is collaborative but when pressed for more details, she did note that she likes the challenge of con- necting data that had not been connected before. Also, occasion- ally, an idea just springs into her mind. Apparently from nowhere. Like when she got out of the shower the other day and thought of a new research pro- ject. “Creative people have the kind of curiosity that draws them to- ward learning new things and ex- periencing the world in new ways,” noted Anna Abraham, di- rector of the Torrance Center for Creativity and a professor in the neuroscience program, integrat- ed life sciences, at the University of Georgia. Modern creativity re- search adds that expertise pro- vides the foundation for innova- tion particularly when combined with flexible thinking and strong motivation. From scientific breakthroughs to the arts, innovation propels humanity forward and adds en- joyment to our lives. David Cro- nenberg, world renowned novel- ist, film director, screenwriter, producer and actor, is a living ex- ample of a creative artist. I found him visiting Rome and spoke with him virtually. My favourite Cronenberg mo- vie was A Dangerous Method. The 2011 film follows the turbulent re- lationships between Carl Jung, founder of analytical psychology, Sigmund Freud, founder of the discipline of psychoanalysis and Sabina Spielrein, initially Jung’s patient and later one of the first female psychoanalysts. He has been called the father of body horror films in which he explores visceral bodily transfor- mation, infectious diseases, and the interlacing of the psycholog- ical, physical and technological. His most recent film is The Shrouds, about a widower who in-
vents a shroud that broadcasts a live, interactive 3-D image of his deceased wife’s decomposing body in her grave. He noted that the label body horror was coined by journalists, not by him. Though he thinks it is a misnomer, he has learned to live with it. His films, he stressed, are less about horror than about the strange beauty and complex- ity of the human body. For him, creativity does not follow a pre- dictable path. Every film begins differently, driven by what he de- scribed as an internal pressure to tell a story. His own life often pro- vides the initial spark, whether he is making films or writing fic- tion, but he was careful to add that his characters are not ver- sions of himself. In addition to the factors already discussed, creativity re- quires the presence of a certain level of intelligence. A flash of in- sight has little value unless the in- dividual can recognize its signif- icance, evaluate it critically, and develop it into something useful or beautiful. Psychologists have long exam- ined the relationship between in- telligence and creativity. Intelli- gence generally refers to the rea- soning and problem-solving abil- ities measured by IQ tests, whereas creativity is the capacity to generate ideas that are both original and useful. Research by Andreas Jauk and colleagues at the University of Graz suggest that higher intelligence is associ- ated with greater creative poten- tial. They determined that an IQ of roughly 120 is a kind of thresh- old beyond which additional in- telligence contributes relatively little to creativity. Once this threshold is reached, personality characteristics, particularly the tendency to think outside the box and persistence, become stronger predictors of creative achieve- ment. What studying creativity has taught me is that flexibility and originality are key attributes of creative thinkers. Their thought processes favour a free-flowing, spontaneous, and non-linear ap- proach to a question or problem. This approach, called divergent thinking, plays a significant role in creative thought. Divergent thinking is often contrasted with convergent thinking. Convergent thinking organizes and structur- es ideas and information, which follows a particular set of logical steps to arrive at one solution, the “correct” solution. Creativity is best understood as intelligence working in con- cert with curiosity, openness and imagination in a society that per- mits and supports unconven- tional ideas. The creative mind is constantly combining old ideas into new forms, always testing possibilities, discarding dead ends, and occasionally stumbling upon insights that help us to bet- ter understand and enjoy our world. Creativity is not limited to ge- niuses. All of us have the capacity to solve problems, adapt and im- prove life. If you want to exercise your creative potential, live bold- ly. Do not be embarrassed to ask questions. Fear not failure, fear not criticism, do not worship tra- dition.
To see the footnotes for this story, go to tgam.ca
has an option to purchase 10 per cent of Crawford for US$100-mil- lion. Over the past few years, global overproduction of nickel driven by Indonesia has put severe pres- sure on Western producers, but the steel-making commodity has rebounded strongly this year. Af- ter plummeting to roughly US$14,000 a tonne in late 2025, nickel spiked to a high of around US$19,600 a tonne in May. Mr. Vaillancourt in his report said the recovery in the nickel price is be- ing driven by expectations that Indonesia will reduce its produc- tion by limiting the number of permits it issues. Nickel on Thurs- day traded at around US$17,300 a tonne. First production from the Crawford mine is expected in 2029. Former prime minister Justin Trudeau’s government made ma- jor changes to impact assess- ments for resource and infras- tructure projects, expanding re- views far beyond environmental parameters to encompass health, social, cultural, as well as eco- nomic impacts, when determin- ing whether a project is in the public interest.
Those summer days—Sly Stone sang that’s when he had most of his fun. But he was growing up in the 1950s. What about our kids today?
Active for Life has a few thoughts on how you and your kids can spend time together in the sunshine. Check out the list below and put it on your fridge or noteboard for daily reminders throughout the summer.
What other activities are possible this summer? Visit activeforlife.com/i-love-summer for more ideas for everyone in the family.
S&P/TSX 35,505.84 +172.06
attendants set to strike Sunday if no deal reached
VANMALA SUBRAMANIAM FUTURE OF WORK REPORTER
Major travel disruption could en- sue this weekend if negotiations between WestJet and the union representing more than 4,000 of its flight attendants fail to make any significant progress toward a new collective agreement by Sunday. On Thursday, the Canadian Union of Public Employees is- sued a 72-hour strike notice, say- ing that both the airline and the union were “still too far apart” on some key issues, but that bar- gaining will continue. “There’s still time to avoid a strike,” said Alia Hussain, presi- dent of CUPE Local 8125, the union chapter representing 4,400 flight attendants, in a statement. “We want a fair contract for our members that recognizes the value of flight attendants’ work and recognizes our position as employees of the second-largest carrier in Canada,” she added. WestJet responded to the union’s strike notice by issuing a 72-hour lockout notice. “We sincerely regret the incon- venience and uncertainty this continues to cause for our guests,” said Alexis von Hoens- broech, chief executive officer of WestJet, in a statement.
STRIKE, B6
new approach to export deals with launch of trade office
MARK RENDELL ECONOMICS REPORTER
The federal government is be- coming increasingly hands-on in brokering international deals for Canadian companies as part of its broader effort to diversify trade. On Thursday, International Trade Minister Maninder Sidhu formalized this approach with the launch of a “strategic exports office.” The office, which was first an- nounced in the fall budget, will be housed inside Global Affairs Canada and act as a hub for iden- tifying and advancing inter- national deals for companies in “strategic sectors,” including aerospace, defence, nuclear ener- gy and infrastructure. Mr. Sidhu also announced a new 14-member “strategic ex- ports advisory council,” which in- cludes, among others, Scotia- bank chief executive Scott Thom- son, Manulife CEO Philip Withe- rington, Bombardier CEO Éric Martel, Cameco CEO Tim Gitzel and De Havilland owner Sherry Brydson. (Ms. Brydson is a share- holder of Woodbridge Co. Ltd., the owner of The Globe and Mail.) Ottawa already has a number of tools to help companies source foreign deals and to facilitate ex- ports.
COMPANIES
TRADE, B6
ALLIED GOLD ......................... B9 BOMBARDIER ........................ B3 CPKC ...................................... B9 CGI ......................................... B9 GFL ENVIRONMENTAL ........... B3 GILDAN ACTIVEWEAR ........... B5
S&P 500 7,437.63 +121.48
DOW 52,208.06 +613.92
Planes are assembled at Bombardier’s assembly plant in Mississauga. CEO Éric Martel says a final decision to go ahead with a new facility could come before the end of the year. SAMMY KOGAN/THE CANADIAN PRESS
as exodus of TSX-listed software firms continues
SEAN SILCOFF TECHNOLOGY REPORTER
Shareholders of Toronto Stock Exchange- listed software company Kneat.com Inc. have voted decisively in favour of a $650- million takeover by U.S. private capital gi- antThomaBravoLP.,despitevocalopposi- tion by two shareholders to the deal. Kneat,whichisdomiciledinTorontobut managed by chief executive Edmund Ryan outofLimerick,Ireland,saidThursdaythat shareholders had voted 87 per cent in fa- vour of the $6.50 a share deal. The transac- tionispendingapprovalbytheOntarioSu-
to Warsh’s strategy for taming U.S. inflation
COLBY SMITH
Early in Kevin Warsh’s second news con- ference as chair of the Federal Reserve, he laid out how the central bank would ulti- mately be assessed as it takes on one of its most challenging inflation problems in decades. The central bank was in the business of “performance,” he told reporters Wednes- day, after the Fed’s decision to hold rates steady at a range of 3.5 per cent to 3.75 per cent. “We are going to be judged by how we perform.” Financial markets swiftly rejected Mr. Warsh’s approach, which involved tough
DOLLAR 71.36/1.4014 +0.35/-0.0069
NASDAQ 25,122.18 +679.24
[ MANUFACTURING ]
Company scouting sites in Canada to build a new facility as it looks to develop its military aircraft business B3
perior Court of Justice at a hearing next week. It’s expected to close soon after. Kneat’ssoftwareisusedbypharmaceutical makers to track and validate their data for quality control and regulatory purposes. “Weappreciatethestrongsupportofour shareholderswhoseapprovalmarksanim- portant milestone toward completing our value-maximizing transaction with Tho- ma Bravo,” said Carol Leaman, chair of the Kneat board committee that oversaw the deal. “With Thoma Bravo’s partnership, operational expertise and deep software sector experience, we will be well posi- tioned to accelerate Kneat’s industry-lead- ing position in digital validation and qual-
talk on inflation but stopped well short of embracing the prospects of higher inter- est rates to quell price pressures. The re- sponse, primarily from the US$28-trillion U.S. government bond market, was un- equivocal. Markets expected more from a policy maker who has made taming in- flation a top priority of his chairmanship. Long-term government borrowing costs shot higher as Mr. Warsh spoke, with the 30-year bond notching its largest one- day increase in more than a year. Trading around 5.22 per cent, it is at the highest level since 2007. The 10-year Treasury yield, which serves as the benchmark for borrowing costs around the world, also rose alongside expectations about infla-
RETAIL Loblaw sales, profit rise as shoppers continue to seek discount grocery stores B2
GOLD (oz.) US$4,160.60 +63.60
OIL (WTI) US$83.59 -0.87
ity process automation.” Kneat is the latest in a slew of Canadian- listed online subscription software com- panies that have submitted to takeovers or management buyouts or delisted from public markets during a prolonged period of depressed valuations for the sector that started after the COVID-19 pandemic tech bubble burst in late 2021. The selloff was exacerbated first by sharply rising interest rates and later by perceived threats from generative artificial intelligence companies and tools, which investors fear could displace incumbent software vendors.
KNEAT, B5
tion over a longer time horizon. Stock markets sold off, too, even as investors pushed back the timing of potential rate increases until later this year. Some of those equity losses were re- couped Thursday, but jitters across the bond market remained. “The markets initially interpreted the price stability tough talk as someone who was willing to take the necessary action to address inflation and then was surprised that there wasn’t follow-through,” said Lael Brainard, who served as vice-chair at the Fed until she left to become the top economic adviser in the Biden adminis- tration in 2023.
INFLATION, B6
RITA TRICHUR What Canada can learn from the already shaky trade deal between the U.S. and the EU B4
GCAN (10-YR) +3.59% –0.01
GLOBE INVESTOR Wall Street ends sharply higher on chip-stock recovery, record daily gain for Microsoft B9
I
Trump’s tariffs have sparked a lobbying frenzy in Washington that’s only growing stronger
U.S. FEDEEAL LOBByING ON tAEIFFs Quarterly revenue earned by external lobbying firms on the issue of tariffs
US$10M
8M
6M
4M
2M
2014 2016 2018 2020 2022 2024 2026 0
Based on filings that report at least one use of the lobby issue code, TAR - Tariff (miscellaneous tariff bills). Figures are each filing's full reported income, which in most cases also covers lobbying on other issues.
THE GLOBE AND MAIL, SOURCE: LDA.SENATE.GOV
SUSAN KRASHINSKY ROBERTSON RETAILING REPORTER
Customers grappling with high food prices in Canada are increasingly turning away from the fresh-produce aisles in the grocery store and instead head- ing to the freezer sections in an attempt to stretch their budgets, the chief executive officer of Loblaw Cos. Ltd. said on Thurs- day. “They’re trying to mitigate the inflation,” Per Bank said during a conference call to discuss the company’s second-quarter re- sults. While shoppers changing their habits to save money is nothing new – people have con- sistently been turning to dis- count stores, buying more on promotions, and switching up
JEFFREY JONES ESG AND SUSTAINABLE FINANCE REPORTER CALGARY
A Calgary-based carbon-capture developer has begun operating a $200-million pro- ject in northwestern Alberta, and its chief executive is urging changes to federal car- bon-credit policy to unlock significant in- vestment in its unique technology. EntropyInc.iscommissioning the large- st commercial phase of its Glacier project, which features gear that captures carbon- dioxide emissions from one of Canada’s largest natural gas processing plants and fromanattachedgas-firedturbine.Thetur- bine provides electricity to the plant and can feed the Alberta power grid. The captured CO2 bonds with a solvent and is injected underground as the final stage of the proprietary process. The company is backed by Advantage Energy Ltd., Brookfield Asset Management Ltd. and Canada Growth Fund, the latter of which also struck a deal in 2023 to buy car- bon credits from the development at a guaranteed price. Brookfield’s first Global Transition Fund, one of the world’s largest impact funds, was an early backer of Entropy, in- vesting $300-million in 2022. With the technology scaled up, Entropy is looking to expand its use in other loca- tions as demand for low-carbon energy surges, chief executive Sanjay Bishnoi said. Two key targets are power-hungry data centres, many of which are being designed to run on gas-fired electricity, and Alberta’s oil sands, where producers have commit- ted to installing carbon-capture technolo- gy as they increase production to fill a pro- posed pipeline to the West Coast. “We view what we’re proving out at Gla- cier to be an important blueprint to pro- vide for those two important industry seg- ments,” Mr. Bishnoi said in an interview. With the first large operation up and running, capturing more than 400 tonnes of CO2 a day, Entropy executives said the company sees opportunity to build up to five similarly sized operations at other gas plants,apotentialinvestmentof$1-billion. One barrier to that expansion is carbon pricinginAlberta,whichunderthecurrent regime is too low to build the plants eco- nomically. Entropy is calling on Ottawa to tweakitspoliciestoallowcreditstotradein a market aimed at transport fuels, which offers much higher prices. The company built Glacier in phases to prove the technology. The newest phase
name brands for private-label products in recent years – there are still shifts in buying patterns that Loblaw has observed, Mr. Bank said. One example is the roughly 5- per-cent increase in sales of fro- zen vegetables at the company’s No Frills and Maxi discount loca- tions. The country’s largest grocer is continuing to benefit from those trends, and to expand its store footprint to win more customers away from its competitors. Loblaw, based in Brampton, Ont., has previously said it plans to open 30 to 40 new discount stores this year. Of the 14 new grocery and drugstore locations that Loblaw opened in the second quarter, half were discount formats. “Customers, they are looking for more and more value, more
Entropy is commissioning the largest commercial phase of its Glacier project in Saddle Hills County, Alta., which features gear that captures carbon-dioxide emissions from one of Canada’s largest natural gas processing plants and from an attached gas-fired turbine.
moved forward after Canada Growth Fund provided $200-million in convertible debt financing. It also agreed to purchase up to 185,000 tonnes a year of credits generated underAlberta’sindustrialpricingsystemat $86.50 a tonne, rising with inflation, for 15 years. Janetta McKenzie, who directs the oil and gas program at the Pembina Institute, anenvironmentalthinktank,calledEntro- py’s investment in carbon capture a posi- tivestep.However,sheadded,theeconom- ics are harmed by recent changes to the Al- berta Technology Innovation and Emis- sions Reduction, or TIER, carbon pricing system, now applied across the country. Alberta’s industrial carbon pricing sys- tem, set out in the recent implementation agreementbetweentheprovinceandOtta- wa under their memorandum of under- standing, has a floor price ranging from $60 a tonne in 2030 to $110 by 2040. “Because of the Alberta and federal gov- ernment’sagreementtoalowerandslower carbonpricetrajectory,theCanadaGrowth Fund may be on the hook to top up carbon revenues for Entropy, using public funds, for the foreseeable future,” Ms. McKenzie said. Credits under Canada’s Clean Fuel Regu- lations, meanwhile, are selling for more than $400 a tonne, a level that would sup- port new investments, Mr. Bishnoi said. Such credits are generated by refiners that add ethanol imported from the United
n the run-up to U.S. President Donald Trump’s first election victory in 2016, he repeatedly vowed to “drain the swamp” in Washington. With Mr. Trump’s second term dominated by aggressive tariff actions, including his latest threat to slap 50-per-cent duties on US$20-billion of Canadian goods, Washington is swamped more than ever with lobbyists an- gling to influence trade policy. In the second quarter, lobbyists hired by clients to act on tariff issues earned more than US$10-million for their work, according to U.S. federal filings. That was a roughly 10-per-cent increase from the same period in 2025, which was when Mr. Trump launched his doomed emergency tariffs on Liber- ation Day, and an eight-fold surge since 2024. In some cases it’s easy to draw straight lines between lobbyist filings and specific actions taken recently by the Trump administration under Section 338, which were ostensibly aimed at Canadian barriers on U.S. auto, dairy and alcohol. The Washington-based International Dairy Foods Association has pushed for the “enforcement of dairy trade barriers with Canada,” during the past six quarters. Louisville, Ky.-based Brown-Forman Corp., the owner of Jack Daniels, repeatedly lobbied about “retaliation” against American whiskies though without citing the bans on U.S. alcohol in most provinces. However, many recent lobby efforts were aimed at reducing tariffs on Cana- dian goods, or advocated for the renewal of the United States-Mexico-Canada Agreement, to little effect. The American Cement Association, the Toy Associ- ation Inc. and the National Association of Home Builders all recently lobbied on tariffs and have publicly warned customs duties are driving up prices for U.S. consumers, but the 338 tariffs nevertheless hit products in each sector. Even with the explosion in tariff lobbying, the filings don’t capture the most direct way U.S. firms can win protective action from the White House: having direct access to Mr. Trump’s ear or to his inner circle. Case in point: Just hours after a February phone call from Matthew Moroun (whose family owns the Ambassador Bridge) to Commerce Secretary Howard Lutnick, Mr. Trump delayed the opening of the Gordie Howe International Bridge – which also crosses the Detroit River. Lobby records say the last time the U.S. bridge company lobbied Washing- ton was in 2016. JASON KIRBY
and more for discount,” Mr. Bank said. Same-store sales – an impor- tant metric in the industry that tracks sales growth excluding the impact of new store openings – increased by 1.6 per cent at Lo- blaw’s grocery stores. That repre- sented slower growth than the same time last year, when food same-store sales rose by 3.5 per cent. But discount locations outper- formed the company’s other banners, with same-store sales for No Frills and Maxi up nearly 4 per cent in the quarter. Loblaw reported that its net earnings available to common shareholders grew to $751-mil- lion or 64 cents in diluted earn- ings per share in the second quarter, compared with $714- million or 59 cents per diluted share in the same period last
States to gasoline and diesel, but not for natural gas used in the refining process. ThecompanysaiditisintalkswithOtta- wa to change that. “We think, not only does it line up philo- sophically with what [Entropy is] trying to accomplish here, but also with the Build Canada thesis of getting more of these pro- jects off the ground and keeping that value withinCanadianborders,”Mr.Bishnoisaid. The federal government said carbon capture is one of multiple activities that can generate credits within its Clean Fuels Regulation, but only if done in the produc- tion of liquid fuel. Natural gas is not eligi- ble, said Brandon Clim, spokesperson for Environment and Climate Change Canada. “This ensures the focus of the CFR re- mains on reducing emissions and deploy- ing innovative solutions in the transporta- tion sector, such as renewable diesel, co- processing, and hydrogen fuel cell vehi- cles,” Mr. Clim said in a statement. Critics of carbon capture argue it is held up by the energy sector as a fig leaf to allow for ever-increasing fossil fuel production and use, which exacerbate climate-related disasters. But Mr. Bishnoi said the technol- ogy fits within a range of decarbonization options. “We do believe that this can be done at scale. We don’t think it’s 100 per cent the solution to reducing CO2 emis- sions,butwedothinkthatit’sanimportant tool in the toolbox and that it’s got a signif- icant role to play,” he said.
year. Revenue grew to $15.3-billion in the quarter ended June 20, up 4.1 per cent compared with the same period last year, as custom- ers visited its stores more often, and also bought more items dur- ing each visit. Shoppers Drug Mart reported same-store sales growth of 4.6 per cent, driven largely by pre- scriptions for specialty drugs, and medications to treat chronic illnesses, along with revenue from other pharmacy sales and health care services. Sales of GLP-1 drugs remained strong, even as generic forms of the blockbuster weight-loss and diabetes medications have be- gun to hit the market, executives said. Generic forms of the drug semaglutide became legal in January, after Danish drug maker Novo Nordisk’s remaining mar-
ket protections on the sale of Ozempic and Wegovy in Canada expired. The supply of generic Ozem- pic for Canadians has been lower than expected, because of a manufacturing issue at an Indian plant that caused delays for at least two companies hoping to produce more semaglutide to meet growing global demand. Despite those near-term is- sues, sales of the drugs are ex- pected to grow significantly. So far, lower pricing for generic GLP-1s has been offset by higher sales volumes, Loblaw execu- tives said on Thursday. “Our data is telling us that next year, GLP-1 sales – despite the price decrease – should grow double digits, in dollars,” chief fi- nancial officer Richard Dufresne said on the conference call with analysts to discuss the results.
TC ENERGY BEATS PROFIT ESTIMATES IN SECOND QUARTER
TC Energy Corp. beat second- quarter profit estimates on Thursday and approved natural gas pipeline expansion projects worth about $700-million across North America, including two U.S. projects aimed at meeting the rising demand from power generation. Surging electricity consump- tion, particularly from AI-driven data centres, has boosted de- mand for natural gas-fired power plants, prompting pipeline operators such as TC Energy to expand capacity. The Calgary-based company forecasts about 1.4 billion cubic square metres a day of North American natural gas demand growth by 2035, up from a prior forecast of 1.3 bcsm. TC expects North American natural gas-fired electricity generation to rise from a prior outlook of 1.5 bcsm to 1.7 bcsm by 2035, said Tina Faraca, TC’s chief operating officer for natural gas pipelines. “Demand favours the U.S. heartland, Western Canada and Mexico, where we have incum- bent positions,” Ms. Faraca said. TC Energy plans to spend $300-million on the central Virginia project to add up to 0.01 bcsm of capacity on the Colum- bia Gas system. It will spend $100-million on the Clark project to add up to 0.08 bcsm of pipeline capacity on the Columbia Gulf system for an existing gas-fired power plant. The company also approved $100-million to expand its NGTL natural gas pipeline system in Canada. The NGTL and Clark projects are expected to enter service in 2028, while the central Virginia project has in-service dates of 2028 and 2030. TC Energy’s second-quarter adjusted earnings of 94 cents a share topped analysts’ average estimate of 83 cents, according to data compiled by LSEG. Quarterly profit from its Cana- dian natural gas pipelines busi- ness increased about 4.1 per cent to $961-million. REUTERS
A model of Saab's GlobalEye aircraft is displayed at the Canadian Association of Defence and Security Industries trade show in Ottawa in May. JUSTIN TANG/THE CANADIAN PRESS Bombardier scouting for new sites
The Montreal-based company is looking into a Canadian site to mirror Wichita, Kan.
NICOLAS VAN PRAET MONTREAL
Bombardier Inc. is scouting for sites in Canada to build a new manufacturing plant for its de- fence business as the jet maker pushes to expand its military ca- pabilities amid robust demand for its products and maintenance services. The Montreal-based company dispatched a team this week to look for a new site in Canada that would mirror its existing defence manufacturing operation in Wichita, Kan., chief executive Éric Martel told analysts on a confer- ence call Thursday. A final invest- ment decision to go ahead with the facility could come by the end of the year, he later told reporters. The plant would perform work on military aircraft platforms, such as the partnership Bombar- dier has with Hensoldt and Lufth- ansa Technik Defense for surveil- lance planes destined for the Ger- man Air Force and Cyber Com- mand. In Wichita, Bombardier is supplying the airframes and do- ing structural modifications on the planes before handing them over for completion in Germany. Mr. Martel said his team is in talks with another partner, Swe- den’s Saab, about taking on a big- ger slice of production on the companies’ joint GlobalEye sur- veillance plane program as a way to capture more economic value from the alliance. That additional work could be done at the new Canadian plant. At the moment, Bombardier’s role in the GlobalEye program is limited to delivering the air- frames and providing engineer- ing collaboration. Saab is the main manufacturer and systems integrator – making the radar, sensors and command controls. Interest in the GlobalEye is in- creasing as military spending grows. The North Atlantic Treaty Organization announced earlier this month it would open nego- tiations with Saab for the pur- chase of up to 10 GlobalEye
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NOTICE OF STATEMENT OF CLAIM TO: VIJAYKARAN SANDHU, also known as VIJAYKARAN SINGH SANDHU also known as VIJAYKARAN S. SANDHU also known as VIJAY SANDHU also known as VIJAY SINGH SANDHU, both in his personal capacity and in his capacity as a director of FRATEHAUL INC.
OF CALGARY, ALBERTA
TAKE NOTICE THAT, pursuant to an Order of the Court of King’s Bench of Alberta (the “Substitutional Service Order”), you are hereby served with a Statement of Claim in the Court of King’s Bench Action No. 2501-12733, Daimler Truck Financial Services Canada Corporation v Fratehaul Inc. and Vijaykaran Sandhu, also known as Vijaykaran Singh Sandhu, also known as Vijaykaran S. Sandhu, also known as Vijay Sandhu also known as Vijay Singh Sandhu.
Pursuant to the Substitutional Service Order, service of the Statement of Claim is effected 5 days after the posting of this notice.
For further details, you may contact the solicitors for the Plaintiff: Emma Aspinall, of Dentons Canada LLP, 850 – 2nd Street SW, Calgary, Alberta.
planes at a list price of €550-mil- lion each. This week, Saab an- nounced another order for an un- named customer in the Middle East. “We’re definitely looking at do- ing more,” Mr. Martel said Thurs- day. “It makes a lot of sense. We build the plane. We know the plane more than anybody else.” The CEO was much cooler on the possibility of a joint venture between the two companies on Saab’s Gripen fighter jet. Saab wants to further expand production capacity of the super- sonic fighter outside of Sweden and has pitched the idea of build- ing it under licence in Canada if the federal government buys the aircraft for the Canadian Armed Forces, something that’s under consideration now in Ottawa. A similar pact exists in Brazil, where local plane maker Em- braer SA is assembling 15 Gripens as part of the country’s initial or- der of 36 jets. Mr. Martel said Bombardier would be open to supporting Saab on the Gripen if needed. But he said Bombardier is already stretched for capacity in its own factories and that there are other companies in Canada that could also do assembly work. “It’s not like I have lots of space available and labour avail- able. We’re in growth mode in all our programs,” the CEO said. “So just doing assembly for someone else is less interesting for us.” One company that could step in is De Havilland Aircraft of Can- ada Ltd., which is perhaps best known for its iconic yellow water bombers and rugged bush planes. Neil Sweeney, who leads cor- porate affairs for the Calgary- based plane maker, told The Globe and Mail last month that it’s in talks with both Ottawa and Saab about that opportunity. “We want to build the Gripen in West- ern Canada,” he said. In May, Prime Minister Mark Carney said Canada would enter into talks with Saab to buy an un- specified number of GlobalEye aircraft, picking a non-U.S. sup- plier as he makes good on a promise to reduce spending on American military gear. He’s also considering whether to scale back Canada’s order of 88 U.S.-
We’re definitely looking at doing more. It makes a lot of sense. We build the plane. We know the plane more than anybody else.
made F-35 fighters and buy the Gripen instead. In addition to building out its own network, Bombardier is also exploring acquisitions as a way to bolster its defence business, Mr. Martel said. The unit generated revenue of US$1-billion in 2025, five years ahead of the company’s internal projections. The developments on the de- fence front came as Bombardier Inc. reported strong second-quar- ter earnings that beat analyst forecasts and posted its lowest level of long-term debt in more than 15 years. After selling the train division as well as its turbo- prop and regional jet units, and handing its C Series airliner pro- gram to Airbus SA, Mr. Martel and finance chief Bart Demosky have parlayed strong demand for new jets into a multiyear backlog, ex- panding the aftermarket services unit and improving operating margins. Net profit for the latest quarter came in at US$191-million or US$1.84 for each diluted share on revenue of US$2.15-billion. Ad- justed net income grew to US$257-million or US$2.50 a share, besting analyst estimates by a wide margin. The company delivered 32 jets during the three- month period. Free cash flow, which is the money a company generates af- ter covering operating expenses and capital expenditures, reac- hed US$228-million for the quar- ter while the value of orders booked but not yet delivered was US$21.8-billion. The manufactur- er said it remains on track to meet its guidance for the year. The stock has rallied over the past year, and Bombardier now has a market capitalization top- ping $36-billion. Investors now appear more focused on assess- ing the company’s prospects and worth rather than management’s execution. “We are frankly surprised at how strong the stock has been,” analyst Cameron Doerksen of Na- tional Bank said in a research note this month. “We continue to be bullish on growth for Bombar- dier supported by strong busi- ness jet market fundamentals and growing momentum in de- fence, but in our view, valuation is still looking elevated.”
ÉRIC MARTEL BOMBARDIER CHIEF EXECUTIVE
DIVIDEND NOTICE Notice is hereby given that the Board of Directors of Centerra Gold Inc. has declared a dividend of Cdn$0.07 per common share payable on September 2, 2026 to shareholders of record on August 19, 2026.
The dividend is an eligible dividend for Canadian income tax purposes.
Dividends Notice is hereby given that the following dividends have been declared. All amounts shown are in Canadian dollars unless otherwise specified.
Issuer Issue Record Payable Rate Date Date
Enbridge Inc. Common Aug. 14, 2026 Sept. 1, 2026 $0.9700 Enbridge Inc. Pref. Series A Aug. 14, 2026 Sept. 1, 2026 $0.34375 Enbridge Inc. Pref. Series B Aug. 14, 2026 Sept. 1, 2026 $0.32513 Enbridge Inc. Pref. Series D Aug. 14, 2026 Sept. 1, 2026 $0.33825 Enbridge Inc. Pref. Series F Aug. 14, 2026 Sept. 1, 2026 $0.34613 Enbridge Inc. Pref. Series G Aug. 14, 2026 Sept. 1, 2026 $0.30247 Enbridge Inc. Pref. Series H Aug. 14, 2026 Sept. 1, 2026 $0.38200 Enbridge Inc. Pref. Series I Aug. 14, 2026 Sept. 1, 2026 $0.27789 Enbridge Inc. Pref. Series L Aug. 14, 2026 Sept. 1, 2026 $0.36612 US Enbridge Inc. Pref. Series N Aug. 14, 2026 Sept. 1, 2026 $0.41850 Enbridge Inc. Pref. Series P Aug. 14, 2026 Sept. 1, 2026 $0.36988 Enbridge Inc. Pref. Series R Aug. 14, 2026 Sept. 1, 2026 $0.39463 Enbridge Inc. Pref. Series 1 Aug. 14, 2026 Sept. 1, 2026 $0.41898 US Enbridge Inc. Pref. Series 3 Aug. 14, 2026 Sept. 1, 2026 $0.33050 Enbridge Inc. Pref. Series 4 Aug. 14, 2026 Sept. 1, 2026 $0.29427 Enbridge Inc. Pref. Series 5 Aug. 14, 2026 Sept. 1, 2026 $0.41769 US Enbridge Inc. Pref. Series 7 Aug. 14, 2026 Sept. 1, 2026 $0.37425 Enbridge Inc. Pref. Series 9 Aug. 14, 2026 Sept. 1, 2026 $0.35450 Enbridge Inc. Pref. Series 11 Aug. 14, 2026 Sept. 1, 2026 $0.34231 Enbridge Inc. Pref. Series 13 Aug. 14, 2026 Sept. 1, 2026 $0.33719 Enbridge Inc. Pref. Series 15 Aug. 14, 2026 Sept. 1, 2026 $0.35163 Enbridge Inc. Pref. Series 19 Aug. 14, 2026 Sept. 1, 2026 $0.38825
it has offers to go private
JAMESON BERKOW CAPITAL MARKETS REPORTER
GFLEnvironmentalInc.isevaluatingmul- tipleofferstotakethecompanyprivateata price chief executive officer Patrick Dovigi calls “materially higher” than its current market value. Weeks after The Globe and Mail and oth- ermediaoutletsreportedGFLhadbeenap- proachedbyatleasttwopartiesaboutapo- tential privatization, the Canadian waste management giant confirmed Thursday it has received multiple unsolicited expres- sions of interest. GFL, which has a current market value of roughly $20.9-billion, has formed a special committee of independ- ent members of its board of directors to re- view the offers. “We feel slightly vindicated that I think all the intrinsic value we believe we’ve cre- ated has attracted others who have ap- proached us about taking the company private at a materially higher number than the company is currently trading for to- day,” Mr. Dovigi said on a Thursday morn- ing conference call with analysts to discuss thecompany’ssecond-quarterfinancialre- sults. “The real question is, privately, can you just do things faster that you couldn’t nec- essarily do in the public markets as quick- ly.” Mr. Dovigi controls roughly one-quarter of the company through his multiple vot- ingshares,meaninganyformaloffertobuy GFL would likely struggle to succeed with- out his support. On the conference call, he said one of the parties that approached the company included a condition asking Mr. Dovigi to roll over his equity, meaning he would continue to be a major shareholder rather than cashing out. “As most of you know on this call, I’m not a seller,” Mr. Dovigi said. “I’m not a sell- er at 40 [dollars a share]. I’m not a seller at 50. I’m not a seller at 60 and not a seller at 70 and I’d be rolling 100 per cent of my eq- uity into whatever is sort of being pro- posed.” The company’s stock climbed 3.9 per cent to US$41.81 a share in mid-afternoon trading on the New York Stock Exchange. GFL has spent most of its existence as a privatecompany.ItwasfoundedbyMr.Do- vigi in 2007, but did not go public in Toron- to and New York until March, 2020. Private backers that over time included Roark Capital, HPS Investment Partners, the Ontario Teachers’ Pension Plan and BC Partners have helped finance a lengthy growth-by-acquisition strategy that al- lowed Mr. Dovigi to scale the business quickly. “I’m very, sort of, well versed in the pri- vate equity world,” Mr. Dovigi said on the call, citing six times he recapitalized the company with private equity investments before eventually taking GFL public. As a public company, GFL has faced sig- nificantly more scrutiny. In April, after an- nouncing a $5.4-billion plan to acquire Cal- gary-based Secure Waste Infrastructure Corp., analysts repeatedly questioned Mr. Dovigi and other members of the manage- ment team about the rationale, and GFL sharesslumped10percentthedaythedeal was announced. Two of the parties that approached GFL about a potential privatization “were do- ing a significant amount of work on Secure and believe Secure was an exceptional ac- quisition,” Mr. Dovigi said. Earlier this month, The Globe reported thatGFLhasrecentlyheldtalkswithAmer- ican private equity firm Apollo Global Management Inc. about a potential invest- ment. Apollo and BC Partners acquired a majority stake in GFL’s environmental ser- vices division for $6.2-billion in early 2025. GFL did not immediately respond to a request for comment on Thursday on whether Apollo is among the parties that have offered to take the company private.
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OPINION
OPINION
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Europe hit with fresh threats a year after reaching agreement with the United States
he United States found a special way to celebrate the first anniversary of its his- toric trade pact with the Europe- an Union. It gave the gift of fresh threats. July 27 marked one year since U.S. President Donald Trump and European Commission President Ursula von der Leyen struck a much-hyped trade deal in Turn- berry, Scotland, after he played a round of golf at his luxury resort there. Dubbed the Turnberry Agree- ment, it was really a lopsided truce to Mr. Trump’s trade war, despite being characterized as a “Co-operation Agreement on Re- ciprocal, Fair and Balanced Trade.” The deal introduced a 15-per- cent cap on U.S. tariffs for most EU goods. In turn, the EU vowed to eliminate its tariffs on U.S. in- dustrial products and to improve market access for various Amer- ican agricultural goods and sea- food products, among other con- cessions. The European Commission, the executive arm of the 27-mem- ber EU, tried to blunt criticism by asserting that the deal would re- store “stability and predictabili- ty” in its trade and investment re- lationship with the U.S., its largest trading partner. “It is a strong deal, but not a perfect one,” Ms. von der Leyen
GREG GREER
Head of fixed income, currencies and commodities at ATB Cormark Capital Markets
ait for clarity amidst market volatility, or act on an oppor- tunity. Canadian businesses are consistently challenged by thischoice,andthefirstsixmonthsof2026 were no different. The first half of the year saw the contin- uing themes of trade disputes, geopolitical conflict, inflation and energy volatility dominating the headlines. It’s clear that a state of uncertainty will continue to stead- ily drum, and companies will need to find comfort in disciplined action during this new normal. However, behind the headlines, Canada holds some distinct advantages that offer potential growth and investment opportu- nities through the remainder of 2026 and beyond. Long-term borrowing costs in this coun- try have remained stable, and the partici- pation of global investors in Canadian-dol- lar bond issues indicates that Canada re- mains a safe destination for capital. The Canadian dollar has weakened because of global uncertainty and interest rate differ- entials, but it has been an orderly decline
JEREMY DIETZ
Founder of ClearMarket, a reference-data company for prediction markets and has spent 20 years in Canadian capital markets
his summer, Canadians can legally trade on whether theU.S.FedcutsratesorAu- gust breaks heat records. Many have chalked this up to a new form of gambling. I’m told this is another step in the continuing decline of civilized society. Re- gardless, Canadian regulators have cleared the way for trading in prediction markets. For the uninitiated, prediction markets allow investors to bet on whetheraneventisgoingtooccur or not. Events range across sports, entertainment,weather,financial markets – literally anything that can output a “yes” or “no” result. It’s true that sports betting still dominates prediction markets. Butifyousquinthardenoughyou
U.S. President Donald Trump, right, meets with European Commission President Ursula von der Leyen after a U.S.-EU trade announcement in Turnberry, Scotland, in July, 2025. EVELYN HOCKSTEIN/REUTERS
wrote in an op-ed published by the Times of Malta last August. That oft-quoted line hasn’t aged well. Just days before the Turnberry Agreement’s first birthday, the U.S. hurled trumped-up accusa- tions at the EU and threatened trade tumult – all while painting itself as the aggrieved party. This latest spike in transatlan- tic trade tensions is instructive for Canada as it seeks to advance its own trade talks with the U.S. Washington says that it wants to reach interim agreements with Canada and Mexico by the end of this year. The EU, however, discovered the hard way that there’s no such thing as a “stable and predict- able” trading relationship with
and one that can be helpful in times of trade disruption and dislocation. While the energy sector could be said to present the most challenges, it also holds the greatest opportunities. For energy, the conflict in the Middle East has made vola- tilitythestandardoperatingmodel.Tostay up to date, traders must focus on real-time developments at sea, storage levels and shipping channels, while comparing these totheveracityofpoliticalrhetoric,tomake calls on energy pricing and supply. For Canadian producers that have been activelymonitoringevents,turbulencehas provided them an opportunity to use the increased cash-flow to invest in new op- portunities and strengthen their balance sheets. Significantly, the continuing conflict in the Middle East has demonstrated the im- portance of maintaining a secure global supply. This positions Canada well: We have a significant resource base that en- sures reliable supply and prime access to the U.S., the largest global consumer. How- ever, because of constraints in existing in- frastructure and market access, we are un- able to take full advantage of the increased demand across the world. This needs to change, and it is encourag- ing to see a renewed alignment between federal and provincial governments to ad- dress these challenges. The expansion of the energy sector offers the strongest op- portunity for Canada. While the develop-
can see a new class of market data emerging. This is because predic- tion markets are beginning to take the shape of hedging tools and forecasting signals for inves- tors, business owners or anyone with an eye on future outcomes. Take the example of Kalshi, one of the two dominant predic- tion market exchanges. The plat- form has created a political index that utilizes its many political markets to track sentiment around Democratic and Republi- can candidates in the U.S. If its us- ers bet on Democrats to win, their American Power Index ticks ac- cordingly. Useful data for anyone with an eye on the polls or politi- cal risk. Kalshi has also promoted the Los Angeles ice cream shop that buys weather-related contracts, which pay out when it’s raining and sales are low. Similarly, there is the sports bar that offered free drinks when the New York Knicks won the NBA championship. The cost of those free beers was hedged with a contract that paid out when the Knicks won.
the U.S., even when a supposedly historic trade deal is in place. Lesson No. 1: Fidelity is fiction. Demonstrating that no deal brokered by the Trump adminis- tration is worth the paper it is printed on, U.S. Trade Represen- tative Jamieson Greer issued a bombastic statement on July 23 that warned transatlantic trade was at risk. His reason? The European Commission had the temerity to fine Google €890-million, or the equivalent of roughly US$1-billion, for violat- ing its Digital Markets Act. Mr. Greer accused the Europe- ans of taking “an increasingly ag- gressive approach targeting U.S. technology firms” through this and other actions that “represent
ment of infrastructure such as pipelines and expansion of liquefied natural gas ex- ports won’t have near-term impact, build- ing for the future is the clearest path to growth. Crucially, the momentum from growing governmental support is coinciding with an advantageous financing window. Cana- da is known as a stable and reliable part- ner. That reputation, along with global de- mand for energy and other key commod- ities, provides an opportunity for in- creased investment and expanded export capacity – generating benefits across the economy. The current Canadian bond market of- fersasolidfoundationfromwhichtobuild. Despite periods of market anxiety over en- ergy pricing, geopolitical conflict and trade, Canadian bond yields have largely returned to levels from the beginning of the year. That suggests a predictable and supportive landscape for investors and is- suers alike. The more than $33-billion invested so far this year in foreign-issuer Canadian- dollar bonds demonstrates that there is capital available to invest. The approxi- mately $58-billion invested by non-resi- dentsinCanadiansecuritiesindicatestheir confidence in Canada’s economy. A cornerstone to the investment envi- ronment is the Bank of Canada and its monetary policy, which has kept short- term interest rates low and core inflation
These are mom-and-pop hedges made without an insur- ance or bank offered product. Of course, most of this is marketing and one-off examples, but one starts to get a sense of what is to come. Political data from users confident enough to bet on elections. Hedging busi- ness risk directly through a plat- form – similar to trading stocks with your online brokerage. And more generally, a new stream of forward-looking data that can in- form forecasts and investing. Indeed, a recent analysis by the U.S. Federal Reserve found Kal- shi’s interest-rate forecasts beat the futures market and its head- line inflation forecasts beat the Wall Street consensus. The wis- dom of the crowd, as they say. Institutional investors are also starting to take note. A recent Coalition Greenwich survey showedthat72percentofinstitu- tions believe prediction markets will enable new vehicles for spec- ulating in world and financial events. Whybuyanexoticderivativeto
a de facto forced technology transfer and intellectual property theft.” If that wasn’t bad enough, his boss vowed retaliation through more tariffs. “The United States of America is not a ‘PIGGYBANK’ for Europe, nor will we allow it to be!” Mr. Trump wrote in a post on his Truth Social platform. “The European Union will pay a very big price for this illegal and highly unethical conduct, which I have consistently warned them about. The penalties will be en- tirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment. Stay tuned!” Lesson No. 2: Prostration is pointless.
hedge macro risk when you can buy an event contract directly tied to that exposure? Of course, the liquidity and leverage aren’t yet there for this group. But you can start to under- stand the potential. And why In- tercontinental Exchange, Morgan Stanley and others have sought equitypositionsintheworld’stop two prediction market ex- changes. But despite the growth and in- terest in the industry, the growing pains remain real. There are cases where speculators have acted on insider information. And there are instances where a source that determines a market outcome has been manipulated. The per- sonwhousedahairdryertoboost thetemperaturereadingataParis airport was particularly memora- ble. By far the largest issue is the fine print that underpins the con- tracts. The wording that decides how a contract pays out needs to rely on something more defini- tive than “a consensus of credible reporting.”
The EU tried to placate Mr. Trump last week by publicly stat- ing that it is a-okay with a new 10- per-cent tariff imposed by Wash- ington over the EU’s alleged fail- ure to enforce a ban on importing goods made with forced labour. “The EU notes positively the fact that this outcome is in line with the U.S. tariff commitments agreed under the EU-U.S. Joint Statement,” said Olof Gill, deputy chief spokesperson for the Eu- ropean Commission, according to published reports. The U.S., of course, never acts in bad faith. Mr. Trump’s previous threats to cut off trade with Spain, an EU member, and impose a 10-per- cent tariff on European countries that opposed a U.S. takeover of Greenland were obviously in keeping with the Turnberry Agreement, too. Lesson No. 3: Safeguards fall short. Transatlantic trade turmoil is entirely possible despite the EU’s efforts to pre-empt further dis- ruptions by the U.S. That’s right, the EU introduced safeguards and suspension mechanisms that enable it to reimpose tariffs on U.S. products under certain adverse scenarios. Those circumstances include Washington violating the 15-per- cent tariff ceiling or if it “other- wise disrupts the trade and in- vestment relationship” between the EU and the U.S. But those safeguards may not prevent the U.S. from breaching the Turnberry Agreement. Integ- rity is in short supply in Washing- ton these days. If Mr. Trump has no compunc- tion about antagonizing the EU after sealing a milestone pact, then any interim deal he reaches with Canada will only guarantee more trade chaos ahead.
near the 2-per-cent target. While also en- hancing our national credibility, it helps to stabilize long-term borrowing costs that are key to most major projects. It’s important to note that these condi- tionsindicateanopportunefinancingwin- dow, not conditions for growth. Contained inflation and investor demand demon- strate that Canadian companies and gov- ernmentshaveacrediblebasisforcommit- ting capital to major projects. Capitalizing on this opportunity depends on the execu- tion that moves from intergovernmental agreements to shovels in the ground. In unpredictable times, one might be tempted to wait for stability on trade, in- flation or geopolitics. However, it remains evident we must accept that uncertainty has become a permanent feature of our business environment. This is the time to put financing in place, identify and man- age areas of exposure and break ground on projects with a longer-term, strategic mindset. Clarity will remain elusive. Headlines will continue to move markets. The more important question is whether Canadian businesses are ready to use the opportuni- ties those markets provide. Canada is en- tering the second half of 2026 from a posi- tion of credibility, diversification and growing confidence. With the right prepa- ration and a greater sense of urgency, that position can serve as the basis for stronger and more durable growth.
In fact, our data show that about 40 per cent of all money at stake rides on contracts that nev- er clearly state what source de- cides the outcome. Unsurprisingly, this has result- ed in lawsuits and other disputes. And of course, there is no ratings agency to assess prediction mar- ket contract quality. And yet there are reasons for optimism about this fledgling class of data. Kalshi’s own chief executive says roughly 80 per cent of its users never trade at all. Rather, they come to look at the odds. And that represents the true potential of prediction mar- kets. There’s a saying in Silicon Val- ley that some things that start out looking like toys can occasionally catch the mainstream unaware and become big businesses. Pre- diction markets have that look. What they need now is the grow- ing up: Clean up the language that decides who gets paid and we’ll see the betting parlour be- come a bona fide data business and risk management tool.
Despite a quarterly loss, Montreal-based clothing maker raises 2026 outlook, announces it reached a deal to sell HanesBrands Australia
TARA DESCHAMPS
U.S. President Donald Trump’s overturned tariffs will likely put US$220-million back into Gildan Activewear Inc.’s coffers, but the cash probably won’t trickle down to customers. The Montreal-based company, which manufacturers blank ap- parel and also owns the Hanes, American Apparel and Playtex brands, revealed how much money it’s expecting to recoup Thursday. The funds were collected by U.S. authorities last year, when Mr. Trump introduced a 10-per- cent global tariff on some im- ports entering the U.S. The U.S. Supreme Court struck down the duties this past February, calling them unconstitutional and lead- ing to refunds for businesses that paid them. Gildan indicated its refund is unlikely to be passed along to customers because the company didn’t hike prices as high as it could have, when tariffs were in- voked at the same time as its costs were rising. “The price of cotton, energy has gone up, labour is going up, so there’s a lot of structural inflation still in the environ- ment,” chief executive Glenn
People walk on Wall Street in New York this month. Growth in U.S. GDP decelerated from 2.1 per cent in the first three months of 2026, the Commerce Department said. SPENCER PLATT/GETTY IMAGES
to 1.5% in second quarter
PAUL WISEMAN WASHINGTON
The U.S. economy expanded at a sluggish 1.5- per-cent pace from April through June as ris- ing imports weighed on growth, yet consum- ers continued to spend. And the Federal Reserve’s favoured measure of inflation grew more slowly last month. But it remained above the central bank’s 2-per-cent target at a time when Americans are frustrated about the high cost of living ahead of the midterm elec- tions, now less than 100 days away. Growth in U.S. gross domestic product – the nation’s output of goods and services – decelerated from 2.1 per cent in the first three months of 2026, the Com- merce Department reported Thursday, coming in below economists’ expectations. But consumer spending – which ac- counts for about 70 per cent of U.S. economic activity – in- creased at a 3.2-per-cent annual clip, up from 0.5 per cent in the January-March period. A measure of the economy’s underlying strength – which strips out volatile government spending and trade numbers – looked good, expanding at a 3.9- per-cent annual pace, up from 1.7 per cent from January through March. Business investment, exclud- ing housing, rose at an 8.4-per-cent pace, down from 10.6 per cent from January through March but strong, reflecting a surge in investment in artificial intelligence. Imports are subtracted from the economic figures because GDP is only supposed to count what is produced in the United States. Imports rose at an 11.5-per-cent pace, partly on a surge in shipments of computer chips and other products that support AI investment. The im- ports shaved 1.5 percentage off second-quarter GDP growth. “The consumer rescued the quarter,” said Olu Sonola, head of U.S. economics at Fitch Ratings. “AI investment remains a powerful growth story, but the import surge
AI investment remains a powerful growth story, but the import surge underpinning the buildout is a reminder that an AI boom does not automatically translate into an equally large boost to U.S. GDP.
OLU SONOLA HEAD OF U.S. ECONOMICS AT FITCH RATINGS
Gildan Activewear Inc. says its tariff refund is unlikely to be passed along to customers because the company didn’t hike prices as high as it could have when tariffs were invoked. CHRISTINNE MUSCHI/ THE CANADIAN PRESS
THE CANADIAN PRESS
underpinning the buildout is a reminder that an AI boom does not automatically translate into an equally large boost to U.S. GDP.” The Commerce Department also said Thursday that its Personal Consumption Expenditures (PCE) Price Index, the one favoured by the Fed, rose 3.7 per cent last month from June, 2025, down from a 4.1- per-cent year-over-year increase in May. Excluding volatile food and energy prices, so-called core consumer prices were up 3.3 per cent from a year earlier, little-changed from 3.4-per-cent increase in May. Prices actually fell 0.1 per cent from May to June on a 9.2-per-cent drop in the price of gasoline and other ener- gy products. The PCE prices were about in line with economists’ expecta- tions. But the year-over-year in- crease in prices has been stuck above the Fed’s 2-per-cent target for more than five years, and some Fed officials are getting im- patient with progress against in- flation. The Fed on Wednesday chose to leave its benchmark interest rate unchanged for the fifth- straight meeting. But three regional Fed presidents dissent- ed, saying they wanted to raise rates to combat elevated infla- tion. The American economy has been surprisingly resilient in the face of the Iran war and the spike in energy prices it caused. The job market has bounced back this year from a lacklustre 2025, giving consumers the wherewithal to spend. Employers are adding an average 92,000 jobs a month this year, compared with fewer than 10,000 a month in 2025 when high interest rates and U.S. President Donald Trump’s errat- ic use of tariffs discouraged businesses from hiring. Higher costs have frustrated Americans ahead of November’s midterm elections, which will determine whether Mr. Trump’s Re- publicans keep full control of Congress.
Chamandy said on a call with analysts. “So I would say that we don’t see any movement necessarily on structural price changes as we go forward.” Instead, the company will take a “significant” portion of its tariff refund and reinvest it in the business. The money will be allocated toward programs meant to build the company’s brands, market them and accelerate product in- novation and packaging enhan- cements. Gildan revealed how it will
handle the refund the same day as it reported a second-quarter loss of US$50-million in its latest quarter and announced the sale of HanesBrands’ Australian division to BBFIT Investments Pte Ltd. for roughly US$490-mil- lion. The transaction is expected to close in the second half of 2026. It comes almost a year after Gil- dan announced it would buy HanesBrands in a deal worth US$2.2-billion. The loss Gildan announced Thursday compared with a profit of US$137.9-million a year ago.
largest shareholders says it will vote against deal
FROM B1
The latter, labelled “Saas-poca- lypse” by market watchers, has been a drag on software stocks in the past year, including Kneat, whose stock was trading below $3.60 a share in March. The deal, announced in June, initially met with opposition from some shareholders, who felt Thoma was taking advantage of suppressed valuations. The take- over price was 40-per-cent higher than the last trading day before Kneat said in May that it was un- dergoing a strategic review, but lower than where the stock was trading in early 2025. The buyer’s managing partner Orlando Bravo even declared last month the Saas-pocalypse was over and said that software companies would benefit from an “enormous tailwind” thanks to AI. Thoma has been one of the most active buyers of Canadian companies whose shares have been hit by the software selloff, including Magnet Forensics Inc., Dayforce Inc., Absolute Software Inc. and Blackline Safety Corp. One of Kneat’s largest share- holders, PenderFund Capital Management, which collectively controls 9 per cent of the stock, said last month it would vote against the deal. PenderFund CEO David Barr said at the time he was disappointed the board would start a strategic process “in the middle of a massive sell-off in SaaS companies.” (SaaS refers to
SPIN MASTER CANCELS TOY PRICE HIKE AFTER TARIFF REFUND
Spin Master Corp. is rethinking a plan it had to increase toy prices. The Toronto-based company behind Paw Patrol, Melissa & Doug and Hatchimals was previ- ously set to use price hikes to offset US$15-million in addition- al costs it was expecting to incur from the war in the Middle East through the second half of this year. But chief financial officer Jonathan Roiter now says that’s no longer necessary because Spin Master is getting US$37.9- million back from the U.S. gov- ernment after its Supreme Court ruled in February that a 10-per- cent global tariff on imports President Donald Trump had applied was unconstitutional. The move allowed companies who had paid the tariffs since 2025 to apply for refunds. “With the reception of the tariff refunds, we’ve decided to utilize those refunds to counter the increased costs without having to increase pricing,” Mr. Roiter explained on a Thursday
The clothing maker, which keeps its books in U.S. dollars, said its loss amounted to 27 US cents a share for the quarter end- ed June 28, compared with a profit of 91 US cents a share a year earlier. On an adjusted basis, it earned US$1.28 per diluted share from continuing operations in its lat- est quarter, up from 97 US cents per diluted share in the same quarter last year. Net sales totalled US$1.58- billion for the quarter, up from US$918.5-million a year earlier. Moving forward, the company said it is projecting adjusted diluted earnings per share for 2026 to be between US$4.65 and US$4.75, up from its previous forecast of US$4.20 to US$4.40. It also placed revenue at the low end of a US$6-billion to US$6.2-billion range the compa- ny previously anticipated and predicted an adjusted operating margin of 21.8 per cent, com- pared with the prior expectation of 20 per cent. Threatening the company’s ability to deliver on those numbers are a new round of 50-per-cent tariffs Mr. Trump has said he will levy on products moving from Canada into the U.S. The duties will apply to a wide range of goods including some T-shirts and sweatshirts as well as some cotton and silks. They are expected to come into effect Aug. 19.
GILDAN ACTIVEWEAR (GIL-T) CLOSE: $52.50, UP $1.25
cloud-based software-as-a-ser- vice companies, a category that encompasses such names as Salesforce, Shopify and Work- day.) But deal opponents suffered a blow earlier this month when leading proxy advisory firms In- stitutional Shareholder Services and Glass Lewis & Co. both sup- ported of the deal. Mr. Barr said Wednesday after the vote: “We are disappointed to lose another great Canadian pub- lic software company. Eddie and the team are doing a wonderful job and we hoped to participate and support them for the long term. Unfortunately most Cana- dian investors seem to think a loonie in their pocket today is better than $10 five years from now.” Nick Achkarian, another inves- tor who opposed the deal, said that he was disappointed in the price and outcome. But he noted that software stocks in general had performed poorly since the deal was announced in June “pre- senting more compelling oppor- tunities.” Mr. Ryan and fellow senior ex- ecutives Kevin Fitzgerald and Brian Ahearne are rolling over some of their shares into the new private entity. CIBC World Markets Inc. acted asKneat’sfinancialadviseronthe sale. It also provided a fairness opinion along with ATB Cormark Capital Markets. Bank of Nova Scotia acted as financial adviser to Thoma Bravo.
call with analysts. The refunds will also help the company head off potential impacts of a new 50-per-cent tariff that U.S. President Donald Trump has said he will start applying to imports into the country including some toys on and after Aug. 19, Mr. Roiter added. Spin Master shelled out about US$30-million on tariffs last year and anticipates a similar spend- ing level this year, excluding the refund. Many of its toys are manu- factured in China, Vietnam, India, Mexico, Indonesia and the European Union. U.S. retailers are among Spin Master’s biggest buyers, making Mr. Trump’s ever-changing array of tariffs a headache for businesses like Spin Master. Despite the challenges, the toy maker reported Thursday a second-quarter profit of US$29.7-million. That compared with a loss of US$46.5-million a year earlier. THE CANADIAN PRESS
CUPE and WestJet are at odds primarily over what flight attendants get paid before a plane departs a gate and after it has landed. AMIR SALEHI/THE GLOBE AND MAIL
don’t get paid for average of 35 hours of work
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“Our commitment remains at the bargaining table, where we will continue to work around the clock to come to an agreement that provides value and meaning- ful improvements for our cabin crew and is sustainable for our company.” Aworkstoppagecouldbeginas soon as Sunday at 12:01 a.m. (MT) if the two sides do not reach an agreement. The airline has informed pas- sengerstravellingbetweenJuly30 and Aug. 4 that they can make a one-time change or cancellation at no additional cost. WestJet is al- so making preparations to oper- ate on a reduced schedule, al- though the airline did not specify if or when it will start cancelling flights. CUPE and WestJet are at odds primarily over what flight attend- ants get paid before a plane departs the gate and after it has landed. That period of compensa- tion during active-duty time is known as ground pay. The union haslongarguedthattheairlinein- dustry’scompensationsystemfor flight attendants needs an over- haul, specifically because flight attendants are required to work before takeoff and after landing without getting paid. ButWestJetdisputesthenotion
appropriate, we will not hesitate to act’
Mark Cabana, an interest rate strategist at Bank of America, added: “As a central banker, this is exactly what you don’t want. You don’t want the market ques- tioning your inflation credibility.” The chance of some kind of disappointment was elevated going into the July meeting in large part because there was a vocal contingency of investors who were making the case for Mr. Warsh to deliver a surprise quar- ter-point increase. The odds of such a move were around 30 per cent before Wednesday’s an- nouncement. Three presidents from the regional banks thought that it was also the optimal deci- sion and dissented against leav- ing rates unchanged. The rationale for a rate in- crease was that an aggressive move early in Mr. Warsh’s tenure as chair would help to cement his reputation as the inflation fighter that he strives to be. Mr. Warsh tried to maintain that image Wednesday. In his opening statement at the news conference, he said that “where necessary and appropriate, we will not hesitate to act” to squash inflation. He made clear that the Fed would, at least for the time being, not accept anything above 2-per-cent inflation, as measured by the Personal Consumption Ex- penditures Price Index. He also repeatedly stressed that there was “nothing inertial” about the Fed’s discussions or strategy even as it stood pat. Moreover, he pushed back on the framing that July’s meeting represented a “pause.” But those “elements of haw- kishness” – as Tiffany Wilding, an economist at PIMCO, the asset manager, described it – were overshadowed by Mr. Warsh’s un- willingness to lay out the condi- tions under which he would con- sider raising rates. In fact, he only briefly acknowledged that higher borrowing costs were a tool at the Fed’s disposal to address infla- tion. Mr. Warsh also did not give
that flight attendants do not get groundpay.Theairlinepaysitsca- bincrewthroughasystemknown as “credit hours.” A credit-hour rate is a negotiated hourly rate that the airline says accounts for work that flight attendants do on the ground. For example, if flight attendants worked a two-hour flight in a single day (time from takeoff to landing), they will get compensated a minimum of four credit hours. WestJet flight at- tendants are required to work a minimum of 80 credit hours in a month. The credit-hour system, by vir- tue of its design, disproportion- ately benefits senior cabin crew members who tend to work long- haul flights and have less time on thegroundinbetweenflights.Itis an inequity that the union is try- ing to resolve by pushing for ground pay. A CUPE survey of thousands of flight attendants, conducted in 2023, found that regardless of the credit-hour compensation sys- tem, flight attendants ultimately donotgetpaidforanaverageof35 hours of work that they perform in a given month. The unpaid work that flight at- tendants perform caused a stale- mate in last year’s negotiations between CUPE and Air Canada. That labour dispute made head- lineslastAugustwhenstrikingAir
Federal Reserve chair Kevin Warsh made it clear in comments Wednesday that the Fed would, for the time being, not accept anything above 2-per-cent inflation. WIN McNAMEE/GETTY IMAGES
any indication of how he saw the data evolving in coming months nor did he make any specific mention of the Fed’s next meet- ing in September as a potential platform to take action. In sum- mation, he described the current moment as “a period of watchful thinking, not watchful waiting.” “No forward guidance. No framework guidance. No noth- ing,” Ms. Wilding said. That, cou- pled with Mr. Warsh’s repeated mention that the Fed would focus on a wide range of infla- tionary measures, gave her the impression that the timing of any rate increase was highly uncer- tain. What was missing was the point emphasized in the minutes from Mr. Warsh’s first meeting in June, which stipulated that if in- flation stayed stubbornly high, most officials believed that “some policy firming” was war- ranted. Several policy makers built on that communiqué and stressed that they needed to see a deceleration in inflation soon. That omission was likely a strategic one from Mr. Warsh, who has rejected the Fed’s long- standing practice of sending cues to markets on what the central bank will do and how it may react to incoming data. His view is that
Canada flight attendants defied a back-to-work order issued by the federal government and contin- ued striking for three days. The disruption grounded do- mestic and international flights, and ultimately culminated in CUPE brokering a tentative deal with Air Canada that, for the first time in the country, awarded flight attendants partial ground pay. “CUPEwantstoharmonizelan- guage between the Air Canada agreement and the WestJet agree- ment to set an industry standard, and so that Air Canada cannot come back to them in the next round of bargaining saying West- Jet has a competitive advantage,” said Steven Tufts, a labour profes- sor at York University. Last week, WestJet flight at- tendants voted almost unani- mously in favour of a strike, strengthening the union’s posi- tion at the negotiating table ahead of issuing a strike notice. A poll conducted by the Otta- wa-based research firm Abacus Data between July 17 and July 19 found that WestJet flight attend- ants had considerable public sup- port in the dispute with the air- line. Nearly two-thirds of Cana- dians, or 64 per cent, said they support the flight attendants in bargaining, compared with 11 per cent who support WestJet.
the Fed benefits from a “direct and unfiltered” signal from mar- kets about what the central bank should do, rather than having officials’ signals reflected back. On Wednesday, Mr. Warsh repeatedly referenced the recent tightening in financial condi- tions, which capture the availa- bility of credit across the econo- my, as having given policy mak- ers “some comfort that we’ve got the ability and capability to deliv- er.” Kurt Lewis, who served as a senior adviser to Jerome Powell, the former Fed chair, likened Mr. Warsh’s strategy to “trying to convey the same message that was conveyed in the minutes with both hands tied behind his back because of that rhetorical choice.” For Ms. Brainard, the risks are pointing in essentially one direc- tion, meaning Mr. Warsh will remain under trial in the coming months. “I think inflationary pressures are set to continue at an elevated level through the end of the year, which means that the case for a hike before the end of the year has certainly gotten stronger,” she said.
says international deal-making now involves broader considerations
Export Development Canada provides trade financing, the Trade Commissioner Service provides market intelligence and makes connections on the ground, and the Canadian Commercial Corp. helps Canadian companies sell to foreign governments. But Mr. Sidhu argued that the new strategic exports office will allow for better co-ordination between these bodies, and provide a platform for the kind of personalized deal-making that’s becoming increasingly important in a world of shifting supply chains and aggressive industrial policy. “If you just look at France as an example, their advocacy efforts are better co-ordinated. You know, President Macron will intercept deals many times over,”Mr.Sidhusaidattheoffice’s launch event at MDA Space head- quarters in Brampton, Ont. “And so, if it’s me on the world stage or it’s another minister, we want to make sure that they’re well equipped for these commer- cial advocacy efforts as well.” Mr. Sidhu pointed to a handful of recent deals that he said came together through the co-ordinat- ed efforts of the company and Global Affairs Canada – some- times with a direct assist from Prime Minister Mark Carney. TheseincludedCAE’ssaleofflightsimulatorstoMalaysiaAir- lines Group and Airbus Canada’s deal to supply 150 A220 jets to Malaysia’s AirAsia. “It was a collective team effort that brought this deal over the line,” Mr. Sidhu said of the Airbus Canada deal. “In the fall last year, I was with the Prime Minister in Malaysia for the ASEAN summit where we met with the [AirAsia] CEO Tony Fernandes to help push for this deal to come through.” Mike Greenley, CEO of MDA Space, which makes satellites and other space technology, said that the global trade envi- ronment has changed, and international deal-making increasinglyinvolvesbroadereconomicandgeopoliticalcon- siderations. “Every country right now wants to do the same things: to increase sovereignty, increase defence and security, increase their industrial base and economic prosperity, and increase internationaltrade,”Mr.Greenley,whoisonthenewadvisory council, said in an interview after the announcement. “So as soon as you start that conversation, it’s like, ‘Well, you know, I could help you with that deal. But what can you help me with?’ And so we need things like the [strategic exports office] and the government to be leaning forward in order to help us in that quid pro quo trade.” The new office will be staffed by employees from Global Affairs, the Trade Commissioner Service and EDC, who will workon“dealteams”andhelp“curateandmanageapipeline of major export opportunities,” the government said. Alison Nankivell, CEO of EDC, said that Ottawa is looking to France, Germany, Japan and South Korea as models. “It’s really bringing our best companies, our best industri- es, where we’re most globally competitive: nuclear, areas of defence, areas of energy … and taking some of the best approaches we have seen others deploy,” she said. “Because what you’re looking at globally is everyone is getting much more pro-active in their industrial policy and their advocacy for their best companies.” The new office is one part of a larger push by Ottawa to try to double non-U.S. exports – an increase of around $300-bil- lion annually – over the next decade to reduce the country’s vulnerability to U.S. protectionism. The federal government hasrampedupeffortstosignnewtradedeals,promisedsome $6-billion for trade-related infrastructure, and begun over- hauling the regulatory and financing ecosystem for export- oriented energy and mining projects. There are some early signs that Canada is diversifying its trade away from the United States. In May, the share of total Canadian exports heading to the U.S. was roughly 70 per cent – down from an average of 76 per cent in 2024. Most of the diversification story to date has been about commodities.Thehighpriceofgoldhasdramaticallyboosted thevalueofexportstotheUnitedKingdom,whilemoreCana- dian oil is being shipped to Asian markets through the Trans Mountain pipeline. Of the sectors facing steep U.S. tariffs, the aluminumindustryistheonlyonethathashadmuchsuccess moving products to overseas markets, mainly in Europe.
Alison Nankivell, CEO of EDC, said that Ottawa is looking to France, Germany, Japan and South Korea as models.
AMAZON BEATS ESTIMATES FOR CLOUD REVENUE
Amazon.com Inc. beat expectations for quarterly cloud sales growth on Thursday and boosted its annual capital spending outlook, signalling that demand for AI services remains strong enough to justify its massive infrastructure investments. Shares in the Seattle-based online retailer jumped more than 9 per cent after the market’s close before easing to last trade roughly 8 per cent higher, fol- lowing a 3.9-per-cent rise during the trading session. Revenue at its cloud computing unit, Amazon Web Services, jumped 37 per cent to US$42.2-billion in the sec- ond quarter ended June 30, compared with analysts’ con- sensus estimate of a 31.21-per-cent increase, according to data compiled by LSEG. “AWS is booming,” chief executive Andy Jassy said in a statement, noting it was the unit’s fastest growth in 18 quarters. “Our AI and chips businesses each eclipsed run rates of more than US$25-billion.” He said Amazon now expects capital expenditures to reach US$220-billion this year, a 10-per-cent increase from an earlier forecast. Mr. Jassy said the cost of purchasing memory chips was a prime factor in the increase. “Even at that amount, we will still not have enough capacity to meet all of the demand we have in 2026,” he said on a call with investors. “I believe this dynamic will also be true in 2027 too.” Amazon’s free cash flow turned sharply negative in the period. The company burned US$7.6-billion of cash on a trailing 12-month basis in the second quarter, compared with US$18.2-billion in free cash flow a year earlier. Other big tech competitors, including Microsoft, Alphabet and Meta also reported big drops in free cash flow as they ramp up spending. Still, the strong showing from the world’s top cloud services provider mirrors solid performances from rivals Microsoft and Alphabet, both of which comfortably beat Wall Street estimates for cloud revenue. “There were con- cerns about market share losses on AWS, but that’s been put to bed now,” said Dan Morgan, portfolio manager at Synovus Trust. “It just gives more evidence that AWS’s lead is still intact. The AI tide is rising all boats here.” The upbeat results could help quell some concerns over Big Tech’s relentless AI investments – set to exceed US$700-billion this year – which have strained cash flows at the traditionally cash-rich companies and sparked wor- ries that they might be overbuilding capacity. REUTERS
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In Central California, once a mecca for pinot noir, growers are getting rid of grapes because of lack of demand
SOUMYA KARLAMANGLA SOLEDAD, CALIF.
n California, a place famous around the world for its viticulture, winemak- ers produced less wine last year than at any point in the last quarter-centu- ry. It’s often cheaper to let grapes rot on the vine than to harvest them because so many unsold bottles clog the shelves of storerooms and wine shops. So on a sunny morning in Soledad, Calif., in a valley made famous by author John Steinbeck, Jason Smith acquiesced to simple economics. A worker unceremoniously drove a tractor and ripped Mr. Smith’s pinot noir grapes from the ground. Another set fire to the wooden posts that for years had propped up the vines. And Mr. Smith leaned against his white Suburban, under the shade of a coastal oak, watching one of his pinot vineyards go up in smoke. He had decided to sell all of his land and shut down his family business, which had survived for 51 years. “There’s literally no way for me to make money,” Mr. Smith, 57, said. Nationwide, wine sales are at their low- est level in more than two decades, as people drink less amid growing public-health warnings that alcohol is unhealthy. Sales have also suffered as many younger drinkers have found tradi- tional wines stodgy and difficult to under- stand, and preferred canned cocktails, seltzers and non-alcoholic beers and spirits. In California, which produces about 80 per cent of the nation’s wines, pinot noir perhaps best illustrates the industry’s re- cent boom-and-bust history. The light-bodied wine originally from France’s Burgundy region was once less popular among average wine drinkers here than reds such as cabernet sauvig- non and merlot. Then came the 2004 mo- vie Sideways, which starred Paul Giamatti as an aspiring novelist and wine snob who extolled pinot noir’s “thrilling and subtle” flavours. The indie film set off a pinot noir boom in California. Sleepy tasting rooms in Cen- tral California, where the movie took
A fire burns piles of grapevines and stakes after they were ripped out at Sarmento Vineyard in Soledad, Calif., in April. NIC COURY/THE NEW YORK TIMES
place, filled with customers. Those al- ready producing pinot sold out their in- ventories in record time. Across the state, growers planted it anywhere they could. “You could almost feel it,” said Mark McWilliams, who recently closed his pinot noir-focused winery in Sonoma County and recalled the frenzy of the 2000s. “All people wanted was pinot noir.” In the early 1970s, Mr. Smith’s family moved to coastal Monterey County be- cause his father, who had a degree in agri- culture and had been working in a lab, saw promise in the nascent wine business here. The region, about 160 kilometres south of San Francisco, is an agricultural hub with hot sunny days and foggy nights, the perfect climate for cultivating the delicate grapes needed for pinot noir and chardonnay. At first, Mr. Smith’s family helped other vineyard owners grow grapes. Then they bought their own land. Over time, his company, Valley Farm Management, ac- quired 3,000 acres and sold fruit to some of the largest wineries in the state. Mr. Smith was already growing pinot noir when Sideways premiered. Afterward, he replaced some of his merlot grapes with more pinot. (The film also dealt a blow to merlot sales after Mr. Giamatti’s character dismissed it as swill.)
His winery had its highest profits in the few years after the movie came out. But demand for wine grapes, particu- larly pinot noir, began to dry up a few years ago as wine sales plummeted, Mr. Smith said. He tried to give discounts to other vintners, but he still couldn’t make the math work. The slump in California has in partic- ular hit red wines, which tend to have a bolder taste and higher alcohol content. In 2025, for the first time in decades, wine- makers in the state produced less red wine than white wine. Pinot noir remains the second-most popular red wine made in California, and experts say that some of the vines that growers are ripping out were planted after Sideways in places less suitable for del- icate pinot grapes. Still, production of pinot has dropped 30 per cent in California since 2021. Across the state, growers have also been replac- ing the grapes with lesser-known white wine varieties that customers increasingly prefer, such as fiano and grüner veltliner. “We were so pinot noir-centric,” Mr. Smith said. “And then there just wasn’t the demand.” In 2025, roughly 38,000 acres of wine grapes were pulled out across California, about 7 per cent of all grapes planted
statewide, according to data from the Cal- ifornia Association of Winegrape Growers. More than 500,000 tons of grapes also went unpicked, according to industry esti- mates. To pay off debts and avoid bankruptcy, Mr. Smith sold his trophy vineyard to Jackson Family Wines, which owns more than two dozen California wine labels, and other parcels to private equity com- panies. He is selling equipment for cash. “This is all I’ve done my whole life,” Mr. Smith said. “I’m going to have to find a new career.” The fall grape harvest began in Cali- fornia this month, and thousands of tons of grapes are expected to be left on the vine again. Hundreds more wineries are expected to close in the next two years, by which point the industry is expected to bottom out, experts say. “In our 54 years in the grape and wine business, we’ve never seen the amount of change and turmoil and chaos that’s go- ing on right now,” said Steve Lohr, presi- dent of J. Lohr Vineyards and Wines, one of the largest wine producers in Paso Ro- bles and Monterey County. Au Bon Climat, a winery in Santa Bar- bara, Calif., has been making pinot noir for more than 40 years. Before shooting Sideways, the actors in the film visited the winery to get a behind-the-scenes look at how the wine is made. Sales at Au Bon Climat have been down, said Michael Meluskey, the general manager, and the winery plans to reduce production this year. But the financial pressures were worse during the Great Recession, he said, and he feels confident his winery will make it, even if others don’t survive the industry tightening. “People love wine, they love wine with food,” he said. “It’s like any business that goes through cycles.” “Luckily we won’t have AI taking our jobs,” joked his winemaker, Marc Piro. Mr. Smith is hoping to completely close his business in the next few months. And he doesn’t know what will come after that. The grapes and the vineyards had been his retirement plan. Even after he is no longer in the wine industry, Mr. Smith plans to still drink pinot noir. But what’s actually his favourite type of wine? “Beer and whiskey,” he said.
NEW YORK TIMES NEWS SERVICE
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The median boomer is highly vulnerable to any market correction or bear phase
Founder of Rosenberg Research
swear, if I hear one more time about how baby boomers own US$90-trillion of wealth, and that this alone is a reason to be optimistic about the future, I am going to have a conniption (or two). It is beyond a simplistic nar- rative. It is dangerous. Yes, it is true. Boomers – those born between 1946 and 1964 – control an enormous asset base. They own more than half of all U.S. household wealth, with the nearly 70-million-strong cohort in that country holding 51 per cent of the total. They own vir- tually the same percentage of household asset wealth in Cana- da. But that number is concentrat- ed in a way that makes it decep- tively robust. In the U.S., for ex- ample, the top 10 per cent con- trols 87 per cent of stocks and nearly 70 per cent of total wealth. Wealth that concentrated doesn’t get spent down in retirement – it gets passed on. And if the hold- ings get liquidated, much of the proceeds go to the taxman. Which is why the offspring of the boomers will be wealthier at the margin, but the money is not exactly going to be drawn down to fund consumer spending. In many ways, it is a perpetual on the household balance sheet. The gap between mean and median tells you everything. The average American boomer’s net worth is US$1.6-million, and that figure for Canadian boomers is about $1.5-million.
There’s Iran war uncertainty and now new Trump tariff threats. Should you go with a fixed or variable mortgage?
Mortgage rates
[ MORTGAGE RATES ]
1-year fixed 4.29 True North 4.74 CIBC
2-year fixed 3.89 Ratehub.ca 4.34 Scotiabank
3-year fixed 3.89 Ratehub.ca 4.04 Ratehub.ca
4-year fixed 4.09 Ratehub.ca 4.54 Scotiabank
5-year fixed 4.04 Ratehub.ca 4.44 Ratehub.ca
10-year fixed 5.35 Scotiabank 5.40 RBC
5-year variable 3.40 Ratehub.ca & Nesto 3.75 Ratehub.ca
HELOC NA NA 4.95 Ratehub.ca &True North
THE GLOBE AND MAIL, SOURCE: RATEHUB.CA; DATA AS OF JULY 30.
VIVIAN VASSOS
I understand that with Ontario’s auto insurance changes that kicked in on July 1, certain as- pects of my auto insurance policy could change. I have a secondary driver on my insurance as well. What if I’m happy with the cov- erage I have now? How will this affect us?
The median-resourced baby boomers face living in retirement with the thinnest buffer, while carrying elevated debt-service ratios, with stagnant real incomes. JEFF CHIU/AP
But consider this: the median figure in the U.S. is roughly US$370,000.Thevulnerabilityisn’t the drawdown size, it’s the timing. Sequence-of-returns risk is the one risk in retirement finance you can- not hedge with allocation, because it’s about when the loss happens, not whether it happens. A 30-per-cent market decline the year before or after you start drawing down is catastrophic in a way the identical decline 10 years earlier or later is not. That’s be- cause you’re now selling shares in- to the loss to fund living expenses, converting a paper drawdown into a permanent, realized destruction of principal that never gets to par- ticipate in the recovery. The same portfolio, same aver- age return, but a different order of returns, produces retirement sol- vency or ruin. And the boomer co- hort is sitting precisely on the dan- gerouspartofthatcurverightnow. There are three developments that work against the boomers here. First, forced selling. In the U.S.,
INSURED PROVIDER UNINSURED PROVIDER
cluded in every Ontario auto in- surance policy are now optional. This means that pedestrians, cy- clists and, in some cases, other passengers who are involved in an accident may no longer be eli- gible for accident benefits. “Since the changes took effect, the discussion has focused on which coverages are now option- al, and educating drivers who are considering adjusting their pol- icies,” Mr. Silverstein said. “For most existing customers, their current accident benefits cover- age will continue at renewal un- less they choose to change it.” Under the new structure, cov- erages for medical treatment, re- habilitation services or attend- ant care following an accident re- main mandatory in a driver’s
required minimum distributions accelerate. And RMDs are non-dis- cretionary – the tax code forces boomers to sell a percentage of their Individual Retirement Ac- count every year, regardless of what the market does. Canadians are no better off, with minimum registered retirement income fund withdrawals accelerating every year past the age of 55. A bear market plus mandatory withdrawal is the exact sequence- risk trap, mechanized by statute. You sell more shares to hit the same dollar RMD into a falling market. Second, valuation entry point. This bear market, whenever it comes, would start from a forward price-to-earnings ratio in excess of 20xfortheS&P500,andacyclically adjusted P/E ratio near 40x. Elevat- ed, to say the least. Sequence risk is worst when the drawdown starts from an excessively high valua- tion, because the subsequent re- covery is slower and shallower. A boomer retiring into a 20x P/E market has a thinner margin than
eople often ask Victor Tran, a mortgage broker in the Toronto area, whether they should choose a variable mortgage in case the Bank of Canada cuts interest rates. But ever since the war in Iran started, and now as the United States has threatened new tariffs on Canadian goods, he has consistently told them that odds are actually in favour of the variable rate going up, not down. Bond swaps markets, which capture investor expectations around interest rates, are largely predicting a quarter-point rate hike from the Bank of Canada by the end of 2026, according to Bloomberg data. The central bank is also ex- pected to implement one or possibly two more hikes in 2027. Inflation resulting from the Middle East conflict, which has led to a surge in oil prices, is one major reason why many analysts believe rate hikes may be necessary. The risk of an intensifying trade war and the effects on the Canadian economy could present a reason to cut rates, but many economists say a cut may not be necessary given that the economy has been surprisingly resilient. The spread between the cheapest available five-year variable mortgage and three-year fixed rate on Ratehub.ca was roughly 60 basis points as of Thursday afternoon. (There are 100 basis points in a single percentage point.) Mr. Tran says the spread can be even smaller for some clients, depending on the actual rates they’re quoted, meaning there’s potentially little advantage for the higher risk. “All it would take is for the Bank of Canada to increase once or twice, and the variable will be either the same or higher than what fixed rates are,” he said. That’s why Mr. Tran recommends most of his clients to get a fixed-rate mort- gage. One of the only scenarios where he’d recommend a variable rate is if a homeowner expects to sell their home or make a large lump-sum payment toward their mortgage. The penalty for breaking a variable mortgage is general- ly just three months of interest, whereas fixed-rate mortgages come with the risk of paying a more costly difference between the homeowner’s mortgage rate and the bank’s posted rate. SALMAAN FAROOQUI
Mortgage rates are sourced by Ratehub.ca. For a comprehensive list of today’s mortgage rates for each term/type, visit ratehub.ca/best-mortgage-rates. Ratehub.ca is a mortgage-rate comparison marketplace and mortgage brokerage. It helps millions of Canadians compare and obtain the best mortgage rates, credit cards, insurance, deposits and loan products. Rates shown are the lowest available for each term/type and category (insured versus uninsured) as of market close on Thursday.
auto insurance policy. Mr. Silver- stein said optional benefits that were previously included in a driver’s insurance policy can be added based on one’s needs. “Benefits that are now optional include those for income re- placement, caregiver benefits and funeral expenses.” Mr. Silverstein recommended that consumers take the time to discuss their needs with their in- surance representative, broker or agent to ensure they have the ap- propriate level of protection for themselves and all listed drivers on the policy before making any changes. Some people may decide to reduce certain coverages to low- er their premiums, while others may choose to maintain or en-
onewhoretiredintolessexpensive markets in the past. Third–andthisisthepiecemost analysts miss – the median boom- er is under-protected by the auto- mation that’s supposed to help. Only 44.2 per cent of American boomers are fully invested in a tar- get-date fund, versus 70 per cent of millennialsand81.5percentofGen Z. TDFs enforce the de-risking gli- depath automatically – they swap stocks for bonds on schedule. Most boomers are running manual allocations, which means they’re the cohort most prone to panic-selling during downturns and performance-chasing near peaks. The generation with the highest sequence-risk exposure is the least algorithmically protected against its own behaviour at exact- ly the wrong moment. Then there is the arithmetic from the life-expectancy table. A 65-year-old has a one-in-four chance of making it into their 90s, so retirement can run 30 years and can’tbefundedoutofstocksalone, unless they are safe, blue-chip divi-
hance their protection. “The right choice depends on their in- dividual circumstances and any other health or disability cover- age they may already have through an employer or group benefits plan,” he said. Ontario drivers who are satis- fied with their current auto in- surance coverage can generally continue with the protections they have today. The introduc- tion of Ontario’s auto insurance reforms does not require con- sumers to change their existing coverage, Mr. Silverstein said, simply because the framework has evolved. “However, when policyhol- ders make changes to their pol- icy, such as adding a driver, mod- ifying coverage or shopping for a
dend payers. Perhaps a case for REITs and utilities. But cash-flow needs over a three-decade period of no work-based income re- quires a shift into bonds, not stocks, and not spending. This wrinkle is missed far too often in this narrative. Keep in mind that the U.S. household balance sheet right now is comprised of just 7 per cent in fixed income and 73 per cent in equities. An aging demo- graphic means a rebalancing of those asset classes is ahead. The median-boomer channel is where the real challenges re- side. This is the cohort with the thinnest buffer, while carrying elevated debt-service ratios, with stagnant real incomes – that’s a household with no shock absorb- er left. The bear market doesn’t have to be historically large to be his- torically damaging. Sequence risk means a middling 25- to 30-per- cent drawdown at the wrong moment does more lasting harm than a 50-per-cent drawdown did to the same people in 2000, when they were 20 years from retire- ment, enjoying a long runway andstillbuyingequities,aswellas consumer durable goods and cy- clical services. Bottom line is that none of this danger exists for the top decile. What this US$90-trillion figure ig- nores is that the median boomer is highly vulnerable to any mar- ket correction or bear phase. That’snotnecessarilybecausethe drawdown will be unusually deep, but because it lands during a forced withdrawal period, from a high valuation, on the genera- tion least protected by automatic de-risking. The severity is a function of when, and it is the median baby boomer that is standing on the worst part of the when-curve. The lessonhereisthataggregatenum- bers such as US$90-trillion hide so much, and are highly mislead- ing in an overt attempt to spin a bullish yarn.
new insurer, it is important to carefully review their coverage options and understand how those changes may affect their policy,” he advised. In this case, adding another secondary driver to the policy “will change your risk and your coverage.” The reforms are intended to lower costs and provide more flexibility for Ontario drivers. That said, Mr. Silverstein pointed out that with greater choice comes a greater need for con- sumers to understand the cover- age they are selecting. “Drivers should not assume that all pol- icies provide the same level of protection and should carefully review any changes before mak- ing decisions based solely on price.”
I
with investments, too?
f my investment portfolio is a reflection of my personality, you would not want to hang out with me for longer than 30 seconds. Honestly, most of my portfolio is dull. There’s a prudent mix of equi- ties and fixed income, with some cash idling on the sidelines. There are low-cost exchange-traded funds that provide global market exposure. A bank ETF and several individual stocks generate divi- dends. But don’t walk away just yet. Thoughmyholdingsareclearly a diversified snooze fest, I have carved out some room for higher risk investments that give me a few thrills – and, I hope, extra re- turns (some day). See over there? Those are U.S. junk bonds. And over there? That’s a real estate investment trust that owns – can you believe it? – urban office space. Oh, and that’s a small bet on renewable power generation right there. I understand if that’s not your ideaofexciting.Idon’tthinkthere
GARY CHRISTIE
NUMBER CRUNCHER
Head of North American research at Trading Central in Ottawa
WHAT ARE WE LOOKING FOR?
Inspired by Warren Buffett’s long- standing investment principles, we screened U.S.-listed stocks for large companies with strong re- turns on capital, consistent earn- ings growth, healthy margins and manageable debt. These stocks are not necessar- ily owned or endorsed by Mr. Buf- fett or Berkshire Hathaway. The screen measures only selected fi- nancial characteristics and does not assess management quality, competitive durability or intrin- sic value. Mr. Buffett remains Berkshire’s chairman, while Greg Abel has served as president and chief executive officer since Jan. 1.
THE SCREEN
We used Trading Central Strategy Builder to search for U.S.-listed stocks displaying several finan- cial characteristics associated with Mr. Buffett’s long-standing investment approach. We began with a minimum market capitalization of US$5-bil- lion and a share price above US$10 to focus on larger, more es- tablished companies. To emphasize profitable busi- nesses with efficient capital allo- cation, we screened for a return on capital of at least 15 per cent and an operating margin above 15 per cent. We also required five- year earnings-per-share growth of at least 5 per cent and a debt-to-
EYE ON EQUITIES DAVID LEEDER
TOROMONT INDUSTRIES (TIH-TSX) CLOSE $216.05, UP $9.24 ALLIED GOLD (AAUC-TSX) CLOSE $24.85, UP 85¢ CANADIAN PACIFIC K.C. (CP-TSX) CLOSE $123.31, DOWN $5.05 CGI (GIB.A-TSX) CLOSE $102.67, DOWN $2.34 TRICAN WELL SERVICE (TCW-TSX) CLOSE $5.90, UP 1¢
Scotia Capital analyst Jonathan Goldman sees a “good risk/re- ward” proposition for Toromont Industries Ltd. following a “mas- sive” second-quarter earnings beat, leading him to upgrade his recommendation to “outper- form” from “sector perform” pre- viously. “2Q was objectively a good quarter,” he said while ac- knowledging macro headwinds, including the potential impact of artificial intelligence. Target: Mr. Goldman raised his target by $1 to $239, remaining below the consensus of $243.50.
is anything in my portfolio that encompasses a crazy amount of risk. Thepoint,though,isthatmany of us take a similar approach to our investment portfolios. We al- locate the vast majority of our as- setssensiblyandthenhavealittle fun with the rest. The goals are the same: We want stable returns. But perhaps thetimehorizonsareshorterwith fun money and we can take more riskwithasmallsliceofourassets. Some professionals can see the benefits in this approach. Jack Bogle, founder of the Van- guard Group, the U.S.-based in- vestment company that recog- nized the benefits of low-cost in- dex investing decades ago, ac- knowledged in 2014 that a responsible investor could proba- bly dabble with up to 5 per cent of their portfolio. The way he saw it, that portion wasn’t large enough to cause any long-term damage to our savings but was big enough to satisfy our speculative impulses, protecting the rest of the portfolio from our vices. Bogle added a note of cau- tion though: This “funny money,” as he called it, was unlikely to matchtheperformanceofadiver- sifiedportfoliooverthelongterm. Fair warning. But if investors
Stocks that Buffett may like
YTD PERF. (%) 1-YR PERF. (%) 1 Alphabet Inc. GOOGL-Q Interactive Media 4112 332.48 52 42.66 0.18 33.11 16.89 29.83 0.26 6.8 71.3 2 SEI Investments Co. SEIC-Q Asset Management 12.35 101.74 55 27.59 0.03 28.9 18.14 13.42 1.01 23.9 16.2 3 Novo Nordisk AS NVO-N Drug Manufacturers 227.66 50.98 68 39.85 0.72 45.3 12.37 20.66 3.49 -1.5 3.1 4 New York Times Co. NYT-N Media - Diversified 12.58 74.83 52 17.86 0.02 16.48 33.34 28.35 1.18 11.3 51.1 5 Apple Inc. AAPL-Q Hardware 4967 332.08 51 68.83 0.8 32.64 40.94 17.86 0.32 24.8 61.8 6 NetEase Inc. NTES-Q Interactive Media 82.96 130.3 59 18.8 0.07 33.26 16.59 23.83 2.33 -12.1 -0.5 7 Visa Inc. V-N Credit Services 682.68 364.71 56 37.94 0.69 65.61 31.38 15.84 0.73 6.4 5.1 8 Automatic Data Processing Inc. ADP-N Software 109.28 264.26 56 44.76 0.68 26.51 24.99 11.85 2.49 8.1 -12.1 9 Infosys Ltd. INFY-N Software 48.87 12.11 63 27.62 0.1 20.36 15.56 5.57 4.16 -30.6 -25.7 10 Microsoft Corp. MSFT-Q Software 2901 450.14 53 29.24 0.14 46.8 21.76 18.82 0.93 -17.4 -23.9 11 ResMed Inc. RMD-N Medical Devices & Instruments 31.08 208.37 57 22.15 0.13 34.6 20.66 17.37 1.12 -12.5 -22.8 12 Procter & Gamble Co. PG-N Consumer Packaged Goods 340.21 143.23 51 18.89 0.69 23.24 21.36 5.59 2.98 3 -4.4 13 Accenture PLC ACN-N Software 105.97 163.09 60 19.53 0.26 15.75 13.83 9.02 3.77 -33.4 -36.8 14 Jack Henry & Associates Inc. JKHY-Q Software 11.46 156.17 53 23.24 0.04 26 22.52 10.08 1.48 -9.6 -7 15 Intuit Inc. INTU-Q Software 91.12 309.83 60 16.95 0.33 27.47 20.33 14.59 1.44 -47.1 -58.7
RANK COMPANY TICKER INDUSTRY
Source: Trading Central
equity ratio below 0.85. Finally, we required a Trading Central Quantamental Rating of at least 50 out of 100. The rating systematically combines 20 indi- cators spanning valuation, growth, quality, momentum and income, with scores above 50 in- dicating an above-average overall fundamental profile. The same Quantamental framework forms the foundation of Trading Cen- tral’s quantitative indexes, in- cluding the index tracked by the Trading Central Quant U.S. 50 Eq- uity Index ETF (TCUS). The addi- tional profitability, leverage and size requirements used here are specific to this screen. We excluded metals and mining companies because their profits and returns on capital can fluctuate sharply with commodi- ty prices, causing them to appear unusually attractive near the peak of an industry cycle. This makes their recent financial re- sults less representative of the predictable, durable earning power emphasized by Mr. Buf-
With Allied Gold Corp. calling off its $5.5-billion takeover deal with Zijin Gold International Co., Na- tional Bank Financial analyst Mo- hamed Sidibé thinks the Street’s focus now turns to the Canadian gold miner’s “standalone funda- mentals and likely trading range” with the geopolitical risks associ- ated with its operations in Mali al- so gaining increased attention. Target: He moved Allied to “sec- tor perform” from “tender” with a $29 target, down from $44 and below the $44.33 consensus.
decide to take a few chances any- way, there are now plenty of ways to speculate – er, have fun. Buying individual stocks, rath- er than investing in diversified funds, might provide plenty of thrills for most of us. Others might dabble in op- tions, penny stocks or single- stock ETFs, which can use deriva- tives to magnify gains. There’s al- soshort-selling,orbettingagainst stocks, or making a bet on one of the prediction markets that have gone mainstream in recent years. You can chase a momentum play or invest in a hedge fund that does the heavy lifting for us. If any of these pursuits look more scary than fun, avoid at all costs. Strict boundaries can pre- vent problems. Consider walling- off your designated fun money to avoid replenishing the account if your bets turn against you. Be aware of the risks. With some approaches, such as short- selling, you can lose more money than your original bet. And know when to call it quits. What’s your approach to fun money? Do you have any? Let me knowifyoumakewagersonhigh- er risk investments for the sheer thrill of it – and how that has workedoutforyou.Asalways,I’m at dberman@globeandmail.com.
fett’s approach. From the qualify- ing results, we selected 15 compa- nies for presentation.
MORE ABOUT TRADING CENTRAL
Trading Central is a global leader in financial market research and investment analytics for retail on- line brokers and institutions. Its product suite provides actionable trading ideas based on technical and fundamental research cover- ing stocks, exchange-traded funds,indexes,forex,optionsand commodities. Strategy Builder, Trading Central’s stock screener, is available through leading retail brokers in Canada and world- wide.
WHAT WE FOUND
Topping our list is Alphabet, the parent of Google, whose search, YouTube and Google Cloud busi- nesses anchor its dominance in digital advertising, and it’s one of
Following a “modest” second- quarter beat, RBC Dominion Se- curities analyst Walter Spracklin iscontinuingtoforecastadouble- digit earnings per share growth rate for Canadian Pacific Kansas City Ltd. in 2026, which he ex- pects will accelerate to mid-teen growth in 2027. “We consider that run-rate to be superior to peers and argue for a re-rate in the shares to reflect,” he said. Target: Keeping his “outper- form” rating, Mr. Spracklin’s tar- get moved to $145 from $139. Con- sensus is $141.
higher as Microsoft soars
Wall Street ended sharply higher on Thursday, with chip stocks jumping and Microsoft logging its biggest daily per- centage gain in 18 years after the technology giant gave a stel- lar forecast that eased fears about massive spending on AI infrastructure. Microsoft jumped more than 15 per cent, boosting its stock market value by US$450 -billion, the greatest-ever single-day increase for a company on Wall Street. The tech heavyweight forecast quarterly sales and cloud growth above expecta- tions. It also reported capital expenditures below estimates and said it expects to keep generating cash through its fiscal 2027 that has just begun. This year, investors have been spooked by heavy spending on AI at big technology firms. Negative cash-flow reports from Alphabet and Tesla last week sparked a bout of selling in AI-linked stocks, with chip stocks also under pressure as investors questioned high valuations. Meta Platforms tum- bled after the social media heavyweight reported a 91 per cent drop in second-quarter free cash flow, indicating the fi- nancial strain of its costly AI buildout. “These are true battleground stocks. Investors can’t make up their minds whether the ROI on the massive capex spend- ing is going to be worthwhile or not,” said Jed Ellerbroek, portfolio manager at Argent Capital Management. “Microsoft delivered, and maybe Microsoft is going to be able to move itself from the ‘battleground’ camp to be a ’trusted AI winner’ stock,” Mr. Ellerbroek said. The PHLX chip index surged 8.2 per cent, with Micron Technology jumping 18 per cent, Sandisk soaring 26 per cent and Advanced Micro Devices up 13 per cent. Amazon rose 3.9 per cent and Apple dipped 1.4 per cent. The S&P 500 climbed 1.66 per cent to end the session at 7,437.63 points. The Nasdaq gained 2.78 per cent to 25,122.18 points, while the Dow Jones Industrial Average rose 1.19 per cent to 52,208.06 points. Gains in Toronto were more subdued. The S&P/TSX Com- posite index ended up 172.06 points, or 0.5 per cent, at 35,505.84, recouping some of Wednesday’s decline.
REUTERS, GLOBE STAFF
RETN. CPTL. (%) DEBT/ EQTY.
TC QUANT. RATING
RECENT PRICE ($)
MKT. CAP. ($BIL)
Berkshire Hathaway’s newer eq- uity holdings. The stock carries a TC Quantamental Rating of 52, supported by a 42.66-per-cent re- turn on capital and low debt-to- equity of 0.18. At 16.89 times earn- ings against five-year EPS growth of 29.83 per cent, shares have surged 71.3 per cent over the past year and 6.8 per cent year-to-date. Apple, the iPhone maker with a fast-growing services arm, re- mains one of Berkshire Hatha- way’s largest publicly traded eq- uity holdings. Its TC Quantamen- tal Rating of 51 reflects an out- standing 68.83-per-cent return on capital and a 32.64-per-cent oper- ating margin, though the stock trades at a richer 40.94 times earnings. Shares are up 61.8 per cent over the past year and 24.8 per cent year-to-date. Novo Nordisk, the Danish drugmaker behind GLP-1 treat- ments Ozempic and Wegovy, has the highest TC Quantamental Rating on our list at 68, driven by a 39.85-per-cent return on capital and a 45.3-per-cent operating
TD Cowen analyst David Kwan thinks the impact of artificial in- telligence on CGI Inc.’s business “remainsakeyquestionforinves- tors” following its third-quarter results. “On the positive side, giv- en the complexities and rapid evolution of AI, customers are looking to CGI to help them make their data/systems ready for ad- vanced AI, deploy AI safely/se- curely, responsibly, and econom- ically,” he said. Target: Maintaining his “hold” rating, Mr. Kwan hiked his target to $118 from $99. Consensus is $185.
DIV. YLD. (%)
EPS. GRTH. 5 YR (%)
OPER. MARGIN (%) P/E
margin. Yet it trades at just 12.37 times earnings with a 3.49-per- cent dividend yield, a relatively low multiple compared with the other companies in the table. Competition in the obesity-drug market has weighed on the stock, down 1.5 per cent year-to-date and up just 3.1 per cent over the past year, making it a compelling value contrast to the two mega- caps above it. Trading Central Strategy Build- er provides a backtesting capabil- ity to evaluate how well an invest- ing strategy would have worked in the past. Using a five-year his- torical period with quarterly re- balancing, the screen described had a 22-per-cent annualized re- turn compared to 11 per cent for the S&P 500 Index. The investment ideas present- ed here are for information only. They do not constitute advice or a recommendation by Trading Central in respect of investing in financial instruments. Investors should conduct further research before investing.
Seeing a pullback in shares of Tri- can Well Service Ltd. creating an “attractive entry point” for inves- tors, TD Cowen analyst Aaron MacNeil raised his rating to “buy” from “hold” previously. “TCW is down year-to-date despite posi- tive macro tailwinds arising from the Iran conflict and Canada’s ini- tiatives to develop new egress,” he said. Target: Mr. MacNeil’s target re- mains $7.50. Consensus is $8.25.
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TSX COMPOSITE IND 35505.84 172.06 0.49 245711 11.96 TSX 60 INDEX 2099.07 7.44 0.36 100291 12.85 TSX COMPLETION IN 2254.49 23.07 1.03 145420 8.41 TSX SMALLCAP INDE 1370.01 19.80 1.47 91049 14.50 TSX VENTURE COMPO 875.50 16.94 1.97 37767 -11.36 TSX CONSUMER DISC 409.31 1.61 0.39 4239 6.98 TSX CONSUMER STAP 1330.40 -15.18 -1.13 3636 7.45 TSX ENERGY CAPPED 431.80 5.07 1.19 44827 43.73 TSX FINANCIALS CA 765.38 8.94 1.18 27088 21.97 TSX HEALTH CARE C 24.08 0.94 4.06 4377 9.95 TSX INDUSTRIALS C 512.55 -14.60 -2.77 18381 9.75 TSX INFORMATION T 311.56 -4.48 -1.42 11096 -4.61 TSX MATERIALS CAP 729.93 21.82 3.08 73036 -2.64 TSX REAL ESTATE C 323.66 -2.24 -0.69 6378 2.30 TSX GLOBAL GOLD I 759.68 26.37 3.60 106650 -7.09 TSX GLOBAL MINING 220.33 8.03 3.78 294056 5.01 TSX INCOME TRUST 253.99 -2.00 -0.78 7037 15.33 TSX PREFERRED SHA 720.40 1.23 0.17 466 3.47 TSX COMMUNICATION 151.69 -3.25 -2.10 17081 -3.30 TSX UTILITIES CAP 413.97 0.51 0.12 13090 17.50
U.S.
TSX GAINERS TOP 20 FOR STOCKS $1 OR MORE
MUU SAVVYLONG 2X 13.01 3.39 35.24 737 -42.18 MSFU SAVVYLONG 2X 16.18 3.71 29.75 363 -23.17 BHC BAUSCH HEALTH 8.43 1.87 28.51 3383 -11.54 KEEL KEEL INFRAST 5.64 1.19 26.74 8306 88.00 SNDK SANDISK CDR 31.15 6.40 25.86 1587 -3.49 AMDU SAVVYLONG 2X 17.56 3.59 25.70 7 -18.70 SOXU MEGALONG 3X 34.94 7.09 25.46 79 162.89 HUT HUT 8 CORP 151.68 27.75 22.39 677 140.30 CRWV COREWEAVE CD 14.02 2.45 21.18 216 -42.68 HIVE HIVE DIGITAL 4.21 0.66 18.59 3768 18.93 MU MICRON CDR (CA 38.58 6.01 18.45 2577 202.40 PWRS QUANTA SERVI 24.94 3.80 17.98 1 -13.52 LRCX LAM RESEARCH 26.09 3.93 17.73 75 3.16 MSHE-U HARVEST MI 8.86 1.29 17.04 12 -20.47 WDC WESTERN DIGIT 32.81 4.71 16.76 82 16.39 AMDY HARVEST AMD 38.75 5.27 15.74 112 95.12 MSFT MICROSOFT CD 31.59 4.14 15.08 7593 -8.25 MSHE HARVEST MICR 9.08 1.18 14.94 646 -18.78 AMAT APPLIED MATE 55.62 7.17 14.80 38 90.94 MNO MERIDIAN MINI 1.56 0.19 13.87 320 2.63
S&P/TSX COMPOSITE INDEX STOCKS LARGEST STOCKS BY MARKET CAPITALIZATION
VNP 5N PLUS INC. 32.19 1.18 3.81 428 81.66
ABRA ABRASILVER R 14.16 0.66 4.89 457 32.58 AAV ADVANTAGE ENE 10.73 -0.04 -0.37 418 -8.60 ARE AECON GROUP I 44.78 0.37 0.83 819 43.16 AEM AGNICO EAGLE 211.22 8.09 3.98 917 -9.25 AC AIR CANADA 26.24 0.87 3.43 3601 36.03 AGI ALAMOS GOLD I 39.74 -0.39 -0.97 1489 -25.02 AQN ALGONQUIN POW 8.38 0.00 0.00 3883 -0.71 ATD ALIMENTATION 89.78 -1.15 -1.26 781 19.77 AAUC ALLIED GOLD 24.85 0.85 3.54 2856 -20.99 AP-UN ALLIED PROP 10.09 0.04 0.40 857 -24.53 ALA ALTAGAS LTD. 55.83 0.19 0.34 953 33.41 ALS ALTIUS MINERA 59.07 0.04 0.07 212 44.64 AIF ALTUS GROUP L 46.81 -0.87 -1.82 136 -17.46 USA AMERICAS GOLD 5.49 0.34 6.60 1002 -22.02 ARX ARC RESOURCES 32.98 0.44 1.35 2913 28.08 ARIS ARIS MINING 19.96 0.39 1.99 907 -10.33 ATZ ARITZIA INC 138.52 3.19 2.36 658 18.04 ACO-X ATCO LTD. C 81.41 3.10 3.96 236 44.40 ATH ATHABASCA OIL 10.41 -0.21 -1.98 1641 48.08 ATRL ATKINSREALIS 85.71 -0.53 -0.61 556 -3.26 ATS ATS CORPORATI 37.54 0.23 0.62 270 -0.71 ASM AVINO SILVER 7.73 0.32 4.32 510 -9.48 AYA AYA GOLD AND 28.68 1.66 6.14 1172 46.03
AC AIR CANADA 26.24 0.87 3.43 3601 36.03 ALZ ALLIANZ CDR ( 32.61 0.53 1.65 11.07 ARX ARC RESOURCES 32.98 0.44 1.35 2913 28.08 ACO-X ATCO LTD. C 81.41 3.10 3.96 236 44.40 BN-PR-B BROOKFIEL 14.14 -0.05 -0.35 12 9.87 BIP-UN BROOKFIELD 58.94 -1.26 -2.09 591 23.54 LFE-PR-B CANADIAN 10.99 0.05 0.46 16 1.20 CTC-A CANADIAN TI 207.00 0.23 0.11 158 19.01 CU CANADIAN UTILI 56.60 1.66 3.02 440 32.46 CAPN CAPITAL GROU 25.26 0.39 1.57 1.04 CAPU CAPITAL GROU 2.45 0.00 0.00 CSW-A CORBY SPIRI 16.64 -0.16 -0.95 16 12.43 DCM DATA COMMUNIC 2.75 0.10 3.77 82 67.68 DS DIVIDEND SELEC 8.42 0.01 0.12 10 13.63 EMA-PR-J EMERA IN 27.50 0.32 1.18 10 9.30 EMA-PR-F EMERA IN 26.46 0.26 0.99 1 4.17 ENB-PF-U ENBRIDGE 25.08 0.03 0.12 4.37
BTO B2GOLD CORP. 5.39 0.11 2.08 2305 -12.78 BCE BCE INC. 30.41 -1.01 -3.21 6106 -7.12 BDGI BADGER INFRA 85.09 4.21 5.21 176 16.35 BMO BANK OF MONTR 250.31 5.21 2.13 1422 40.43 BNS BANK OF NOVA 123.10 1.96 1.62 2514 21.60 ABX BARRICK MININ 52.75 1.64 3.21 5134 -11.77 BHC BAUSCH HEALTH 8.43 1.87 28.51 3386 -11.54 BTE BAYTEX ENERGY 6.00 0.13 2.21 3275 35.14 BIR BIRCHCLIFF EN 6.27 -0.06 -0.95 949 -16.06 BDT BIRD CONSTRUC 65.16 1.30 2.04 205 128.47 BB BLACKBERRY LIM 11.85 0.83 7.53 4304 128.76 BEI-UN BOARDWALK 66.84 -0.26 -0.39 170 3.66 BBD-B BOMBARDIER 330.01 -28.30 -7.90 504 41.33 BLX BORALEX INC. 37.13 0.01 0.03 158 46.59 BYD BOYD GROUP SE 144.42 -10.11 -6.54 87 -33.94 BAM BROOKFIELD AS 67.19 0.66 0.99 1024 -6.55 BBUC BROOKFIELD B 44.10 -0.77 -1.72 44 -10.09 BN BROOKFIELD COR 58.89 0.29 0.49 2292 -6.55 BIP-UN BROOKFIELD 58.94 -1.26 -2.09 590 23.54 BEP-UN BROOKFIELD 45.61 1.18 2.66 367 22.97 DOO BRP INC 87.41 1.38 1.60 251 -9.93
CAR-UN CDN APARTM 35.01 -0.38 -1.07 420 -5.04 CNQ CDN NATURAL R 66.22 0.91 1.39 5764 42.44 GIB-A CGI INC 102.67 -2.34 -2.23 588 -19.02 CRT-UN CT REAL ES 18.61 -0.14 -0.75 289 14.38 CAE CAE INC 36.12 -0.77 -2.09 694 -13.46 CCO CAMECO CORP 123.56 4.73 3.98 945 -1.69 CM CANADIAN IMPER 165.62 2.03 1.24 1528 33.10 CNR CANADIAN NATI 178.08 -4.49 -2.46 1588 31.18 CP CANADIAN PACIF 123.31 -5.05 -3.93 1572 22.03 CTC-A CANADIAN TI 207.00 0.23 0.11 158 19.01 CU CANADIAN UTILI 56.60 1.66 3.02 440 32.46 CPX CAPITAL POWER 67.72 1.72 2.61 626 15.66 CS CAPSTONE COPPE 13.25 0.45 3.52 3593 -3.85 CJT CARGOJET INC. 84.77 -0.81 -0.95 57 0.99 CCL-B CCL INDUSTR 92.88 -1.09 -1.16 316 7.13 CLS CELESTICA INC 493.32 31.92 6.92 394 21.50
ETFS STOCKS $1 OR MORE
BANK EVOLVE CDN B 11.93 0.21 1.79 722 23.12 CASH GLOBAL X HIG 50.01 0.01 0.02 645 0.06 DLR-U GLOBAL X US 10.12 0.00 0.00 795 -0.20 DLR GLOBAL X US D 14.17 -0.04 -0.28 1387 1.80 HHIS HARVEST DIVE 10.67 0.22 2.11 869 -12.83 HNU BETAPRO NAT G 7.80 0.11 1.43 2514 -52.15 HOU BETAPRO CRUDE 19.46 -0.71 -3.52 1296 121.89 MSHE HARVEST MICR 9.08 1.18 14.94 646 -18.78 NVHE HARVEST NVID 12.16 0.16 1.33 491 -2.64 QQU BETAPRO NASDA 34.85 2.10 6.41 640 15.70 RING GLOBAL X EQL 16.40 -0.49 -2.90 1271 -10.48 SQQQ BETAPRO -3X 8.70 -0.93 -9.66 917 -33.79
COMMODITIES
TSX VOLUME TOP 20 FOR STOCKS $1 OR MORE
WCP WHITECAP RESO 16.46 0.44 2.75 11366 43.13 IVN IVANHOE MINES 10.57 -0.02 -0.19 9327 -32.29 KEEL KEEL INFRAST 5.64 1.19 26.74 8306 88.00 ENB ENBRIDGE INC 77.68 0.12 0.15 7734 18.27 T TELUS CORPORATI 15.08 -0.57 -3.64 7727 -16.64 MSFT MICROSOFT CD 31.59 4.14 15.08 7593 -8.25 BCE BCE INC. 30.41 -1.01 -3.21 6106 -7.12 CNQ CDN NATURAL R 66.22 0.91 1.39 5764 42.44 ABX BARRICK MININ 52.75 1.64 3.21 5134 -11.77 BB BLACKBERRY LIM 11.85 0.83 7.53 4304 128.76 MFC MANULIFE FIN 62.40 0.65 1.05 4277 25.20 DML DENISON MINES 4.08 0.29 7.65 4133 12.09 CVE CENOVUS ENERG 42.48 1.65 4.04 4117 82.95 AQN ALGONQUIN POW 8.38 0.00 0.00 3883 -0.71 AG FIRST MAJESTIC 21.93 0.52 2.43 3784 -4.24 HIVE HIVE DIGITAL 4.21 0.66 18.59 3768 18.93 K KINROSS GOLD CO 33.09 0.38 1.16 3676 -14.41 AC AIR CANADA 26.24 0.87 3.43 3601 36.03 CS CAPSTONE COPPE 13.25 0.45 3.52 3593 -3.85 TD TORONTO-DOMINI 167.77 3.25 1.98 3442 29.69
CVE CENOVUS ENERG 42.48 1.65 4.04 4117 82.95 CG CENTERRA GOLD 25.67 1.72 7.18 990 29.91 CEU CES ENERGY SO 16.24 -0.01 -0.06 302 32.36 CSH-UN CHARTWELL 22.81 -0.21 -0.91 197 13.48 CHP-UN CHOICE PRO 15.89 -0.05 -0.31 474 7.29 CCA COGECO COMMUN 60.20 -1.56 -2.53 135 -9.43 CIGI COLLIERS INT 138.87 -3.20 -2.25 162 -31.16 CSU CONSTELLATION 3020.02 -96.70 -3.10 58 -8.52 CRR-UN CROMBIE RE 17.48 -0.14 -0.79 163 14.47 CURA CURALEAF HOL 12.28 0.52 4.42 117 20.04
TSX LOSERS TOP 20 FOR STOCKS $1 OR MORE
SOXD MEGASHORT -3 1.82 -0.65 -26.32 468 -91.15 AFN AG GROWTH INT 14.32 -4.48 -23.83 1242 -38.28 NPS CANADIAN LARG 13.51 -2.74 -16.86 11 4.73 METU SAVVYLONG 2X 14.18 -2.81 -16.54 160 -31.63 LSPD LIGHTSPEED C 13.49 -1.98 -12.80 2393 -18.54 AVL AVALON ADVANC 5.10 -0.68 -11.76 34 -43.33 SHPU SAVVYLONG 2X 7.83 -0.97 -11.02 12 -55.71 SNY SANOFI CDR (C 18.91 -2.28 -10.76 2 -11.26 TOY SPIN MASTER C 20.87 -2.49 -10.66 533 9.55 ASTL ALGOMA STEEL 5.35 -0.62 -10.39 1530 -5.31 QQQD MEGASHORT -3 8.09 -0.90 -10.01 32 -32.92 SQQQ BETAPRO -3X 8.70 -0.93 -9.66 917 -33.79 MSTZ SAVVYSHORT - 8.15 -0.86 -9.54 24 -62.34 METE HARVEST META 7.41 -0.78 -9.52 247 -28.27 CSCI COSCIENS BIO 7.15 -0.75 -9.49 -16.08 META META CDR (CA 28.67 -2.63 -8.40 2882 -19.49 BBD-B BOMBARDIER 330.01 -28.30 -7.90 504 41.33 CGMD MEGASHORT -3 11.90 -0.97 -7.54 7 -42.51 TSLD SAVVYSHORT - 14.27 -1.16 -7.52 14 51.49 CIA CHAMPION IRON 3.57 -0.29 -7.51 1690 -34.97
DFY DEFINITY FINA 78.51 -0.70 -0.88 260 3.40 DML DENISON MINES 4.08 0.29 7.65 4133 12.09 DSG DESCARTES SYS 104.42 -5.23 -4.77 325 -13.28 DSV DISCOVERY MIN 9.12 0.55 6.42 2251 8.83 DOL DOLLARAMA INC 191.43 2.01 1.06 492 -6.68 DPM DPM METALS IN 52.30 3.00 6.09 642 23.29 DIR-UN DREAM INDU 14.46 -0.15 -1.03 306 14.94
EQB EQB INC 140.27 -0.20 -0.14 42 35.02 ELD ELDORADO GOLD 45.89 0.98 2.18 560 -6.97 EFN ELEMENT FLEET 31.20 -0.79 -2.47 573 -13.45 EMA EMERA INCORPO 75.79 -0.23 -0.30 867 12.05 EMP-A EMPIRE COMP 51.18 -1.32 -2.51 208 7.25 ENB ENBRIDGE INC 77.68 0.12 0.15 7734 18.27 EDR ENDEAVOUR SIL 10.86 0.23 2.16 1255 -15.88 EFX ENERFLEX LTD 30.89 1.15 3.87 643 45.98 EFR ENERGY FUELS 16.37 1.30 8.63 854 -17.66 EQX EQUINOX GOLD 13.19 0.62 4.93 2772 -31.62 ERO ERO COPPER CO 37.87 2.39 6.74 285 -2.47 EIF EXCHANGE INCO 126.92 2.35 1.89 159 54.86 EXE EXTENDICARE I 36.40 -0.30 -0.82 282 70.49
FFH FAIRFAX FINAN 2360.58 -50.35 -2.09 79 -9.76 FTT FINNING INTL 93.61 2.63 2.89 632 25.87 FCR-UN FIRST CAPI 22.89 0.03 0.13 548 21.11 AG FIRST MAJESTIC 21.93 0.52 2.43 3784 -4.24 FM FIRST QUANTUM 38.96 0.99 2.61 2617 5.87 FSV FIRSTSERVICE 202.02 2.05 1.03 197 -5.35 FTS FORTIS INC 80.55 -0.47 -0.58 1022 12.88 FVI FORTUNA MININ 12.29 0.54 4.60 558 -8.62 FNV FRANCO-NEVADA 309.87 8.43 2.80 334 8.91 FRU FREEHOLD ROYA 17.17 0.35 2.08 1189 13.03
GMIN G MINING VEN 42.87 1.95 4.77 689 3.33 GFL GFL ENVIRONME 58.13 1.50 2.65 1615 -1.41 GEI GIBSON ENERGY 32.24 -0.24 -0.74 570 28.34 GIL GILDAN ACTIVE 73.37 1.54 2.14 1171 -14.48 GRT-UN GRANITE RE 96.40 -1.54 -1.57 58 17.98 GWO GREAT-WEST LI 91.87 1.44 1.59 1213 35.72
HPS-A HAMMOND POW 252.70 18.66 7.97 168 58.45 HWX HEADWATER EXP 13.29 -0.11 -0.82 380 41.84 HR-UN HR REAL EST 11.09 -0.06 -0.54 768 8.41 HBM HUDBAY MINERA 31.84 0.94 3.04 3078 16.84 H HYDRO ONE LIMIT 58.26 -0.45 -0.77 749 6.63
IAU I 80 GOLD COR 1.88 0.09 5.03 1394 -6.93 IAG IA FINANCIAL 207.83 4.27 2.10 274 16.87 IMG IAMGOLD CORP 20.37 0.79 4.03 1139 -10.07 IGM IGM FINANCIAL 86.44 4.51 5.50 661 39.85 IMO IMPERIAL OIL 180.84 -0.12 -0.07 730 52.50 IFC INTACT FINANC 277.95 -6.85 -2.41 573 -2.72 IPCO INTERNATIONA 30.79 0.21 0.69 219 24.00
TCSH TD CASH MANA 50.01 0.01 0.02 510 -0.18 TQQQ BETAPRO 3X N 32.22 2.79 9.48 554 17.68 UMAX HAMILTON UTI 13.60 -0.18 -1.31 750 3.26 XBB ISHARES CORE 27.87 0.03 0.11 489 -1.03 XCB ISHARES CORE 19.97 0.02 0.10 598 -1.29 XEG ISHARES SP TS 27.58 0.31 1.14 1265 43.50 XEQT ISHARES CORE 44.78 0.65 1.47 571 12.26 XGD ISHARES S&P/T 47.48 1.73 3.78 502 -7.12 XIU ISHARES SP TS 53.14 0.23 0.43 2089 13.09 ZAG BMO AGGREGATE 13.66 0.02 0.15 582 -0.87 ZEB BMO EQUAL WEI 76.16 1.30 1.74 828 30.63 ZWU BMO COVERED C 11.83 -0.07 -0.59 491 6.87
TSX 52-WEEK HIGHS STOCKS $1 OR MORE
TSX 52-WEEK LOWS STOCKS $1 OR MORE
AMAP AMAPA MINERA 1.08 -0.06 -5.26 471 -1.82 AVL AVALON ADVANC 5.10 -0.68 -11.76 34 -43.33 PAYI BROMPTON UTI 23.58 -0.60 -2.48 4 -6.02 CAPU CAPITAL GROU 2.45 0.00 0.00 CIA CHAMPION IRON 3.57 -0.29 -7.51 1690 -34.97 CCA COGECO COMMUN 60.20 -1.56 -2.53 135 -9.43 DGGB DESJARDINS G 19.85 0.00 0.00 4 -1.00
IIP-UN INTERRENT 13.54 0.01 0.07 647 2.65 IVN IVANHOE MINES 10.57 -0.02 -0.19 9327 -32.29
JWEL JAMIESON WEL 41.28 -0.76 -1.81 80 22.67
KNT K92 MINING IN 23.42 0.78 3.45 563 3.22 KEL KELT EXPLORAT 9.81 0.12 1.24 613 27.90 KEY KEYERA CORP 60.44 0.09 0.15 832 37.36 KMP-UN KILLAM APA 18.78 -0.14 -0.74 331 14.51 KXS KINAXIS INC 162.41 -8.26 -4.84 122 -6.16 K KINROSS GOLD CO 33.09 0.38 1.16 3676 -14.41
LIF LABRADOR IRON 26.55 -0.09 -0.34 218 -11.11 LB LAURENTIAN BAN 40.30 0.05 0.12 217 0.00 LSPD LIGHTSPEED C 13.49 -1.98 -12.80 2393 -18.54 LNR LINAMAR CORP 105.02 0.84 0.81 63 26.59 LAC LITHIUM AMERI 4.06 0.24 6.28 995 -31.99 L LOBLAW CO 65.70 -0.33 -0.50 1159 5.88 LUG LUNDIN GOLD I 83.15 0.61 0.74 831 -27.07 LUN LUNDIN MINING 35.61 1.07 3.10 1865 20.71
MG MAGNA INTERNAT 97.91 0.77 0.79 986 33.81 MFC MANULIFE FIN 62.40 0.65 1.05 4277 25.20 MFI MAPLE LEAF FO 29.17 -0.15 -0.51 121 17.01 MDA MDA SPACE LTD 42.39 1.96 4.85 737 59.12 MX METHANEX CORP 77.26 0.49 0.64 376 41.92 MRU METRO INC 93.71 -1.65 -1.73 401 -5.14 MAU MONTAGE GOLD 16.76 0.69 4.29 547 69.64 MTL MULLEN GROUP 27.39 -0.46 -1.65 549 74.02
NA NATIONAL BANK 227.10 4.02 1.80 756 31.57 NXE NEXGEN ENERGY 13.03 0.50 3.99 2991 3.17 NFI NFI GROUP INC 25.25 -0.07 -0.28 214 62.69 NGEX NGEX MINERAL 25.89 0.67 2.66 136 1.13 NPI NORTHLAND POW 21.80 0.32 1.49 1032 22.13 NG NOVAGOLD RES I 8.46 0.34 4.19 478 -33.91 NTR NUTRIEN LTD 99.09 -0.09 -0.09 928 16.96
OR OR ROYALTIES I 42.96 1.46 3.52 311 -11.64 OGC OCEANAGOLD CO 34.84 0.77 2.26 381 -10.44 ONEX ONEX CORPORA 106.91 -1.01 -0.94 50 -5.36 OTEX OPEN TEXT CO 35.51 -0.87 -2.39 631 -20.56 OLA ORLA MINING L 13.17 0.61 4.86 1741 -28.66
PAAS PAN AMERICAN 61.65 1.85 3.09 658 -13.36 POU PARAMOUNT RES 29.19 -0.27 -0.92 122 20.67 PXT PAREX RESOURC 23.42 0.13 0.56 284 26.94 PPL PEMBINA PIPEL 70.56 -0.30 -0.42 1043 34.94 PPTA PERPETUA RES 26.48 2.21 9.11 84 -20.31 PEY PEYTO EXPLORA 25.61 -0.23 -0.89 494 12.77 POW POWER CORPORA 92.62 1.70 1.87 1914 26.96 PSK PRAIRIESKY RO 34.84 -0.02 -0.06 433 28.89 PBH PREMIUM BRAND 93.78 -0.50 -0.53 190 -7.80 PMZ-UN PRIMARIS R 22.89 -0.19 -0.82 427 46.82
QBR-B QUEBECOR IN 66.23 1.01 1.55 985 28.10
RBA RB GLOBAL INC 153.96 -7.93 -4.90 255 8.95 QSR RESTAURANT BR 104.11 -2.12 -2.00 456 11.16 RCH RICHELIEU HAR 35.46 0.01 0.03 89 -10.36 REI-UN RIOCAN REA 22.35 -0.20 -0.89 747 19.52 RCI-B ROGERS COMM 47.74 -1.22 -2.49 2126 -7.86 RY ROYAL BANK OF 294.37 4.03 1.39 1926 25.80 RUS RUSSEL METALS 67.01 -0.22 -0.33 246 52.99
BONDS CANADA
TERM YIELD CHG
2-YEAR 2.85 -0.01 5-YEAR 3.19 -0.01 10-YEAR 3.59 0.00 30-YEAR 4.00 0.00
RATES RATE CHG
BOFC OVERNIGHT TARGET 2.25 UNCH CANADIAN PRIME 4.45 UNCH Source: wires
XTC EXCO TECH 8.35 0.10 1.21 8 21.54 GWO-PR-N GREAT WE 21.08 0.42 2.03 1 12.73 GIAI GUARDIAN I3 19.70 1.09 5.86 31 1.65 HMM-A HAMMOND MA 21.22 1.04 5.15 29 89.30 MG MAGNA INTERNAT 97.91 0.77 0.79 986 33.81 PPL-PF-A PEMBINA 26.59 0.09 0.34 3 2.82 PPL-PR-E PEMBINA 26.80 0.05 0.19 7 4.56 PDV PRIME DIVIDEN 16.67 0.14 0.85 5 38.46 PWF-PR-P PWR FNL 21.85 0.05 0.23 10 8.28 SES SECURE WASTE 24.22 0.52 2.19 938 40.24 SGR-UN SLATE GROC 17.53 -0.20 -1.13 107 14.95 SGR-U SLATE GROCE 12.43 -0.18 -1.43 10.20 TOY SPIN MASTER C 20.87 -2.49 -10.66 533 9.55 SYK STRYKER CDR ( 23.54 -0.35 -1.47 10 16.82 TRP-PR-L TC ENERG 23.75 0.00 0.00 9.55 TRP-PR-B TC ENERG 19.96 0.10 0.50 4 9.97 TCWW TRADING CENT 21.91 0.00 0.00 4 9.00
GEO GEODRILL LIMI 2.44 0.01 0.41 6 -41.06 HAI HAIVISION SYS 4.37 -0.11 -2.46 50 -16.60 PBY LYSANDER-CANS 16.15 -0.03 -0.19 7 -0.12 PCA PHOENIX METAL 1.12 0.02 1.82 14 -10.40 REAL REAL MATTERS 4.83 -0.10 -2.03 30 -16.72 METU SAVVYLONG 2X 14.18 -2.81 -16.54 160 -31.63 TF TIMBERCREEK FI 6.22 -0.01 -0.16 418 -9.06
SAP SAPUTO INC. 41.37 -0.22 -0.53 455 0.15 SEA SEABRIDGE GOL 37.58 2.15 6.07 69 -7.64 SES SECURE WASTE 24.22 0.52 2.19 938 40.24 SHOP SHOPIFY INC 171.52 -10.21 -5.62 1553 -22.39 SIA SIENNA SENIOR 22.86 -0.31 -1.34 396 11.89 SVM SILVERCORP ME 13.51 0.68 5.30 459 17.68 SKE SKEENA RESOUR 38.27 2.24 6.22 220 17.39 SRU-UN SMARTCENTR 29.74 -0.21 -0.70 319 15.50 SOBO SOUTH BOW CO 52.46 -0.08 -0.15 1115 38.97 SXGC SOUTHERN CRO 9.73 0.52 5.65 232 -8.12 SDE SPARTAN DELTA 11.55 0.22 1.94 537 59.31 SII SPROTT INC. 149.49 3.39 2.32 44 11.19 SSRM SSR MINING I 37.35 2.18 6.20 346 24.13 STN STANTEC INC 97.19 -3.54 -3.51 545 -24.96 SJ STELLA JONES I 76.65 -0.88 -1.14 96 -9.96 SCR STRATHCONA RE 41.75 -0.22 -0.52 322 47.37 SLF SUN LIFE FINA 116.01 0.29 0.25 1483 35.40 SU SUNCOR ENERGY 93.53 0.97 1.05 2026 53.53 SPB SUPERIOR PLUS 7.98 -0.08 -0.99 707 13.35
TRP TC ENERGY COR 95.31 0.70 0.74 2042 26.10 X TMX GROUP LIMIT 51.72 -0.03 -0.06 920 -0.98 TVE TAMARACK VALL 13.23 -0.10 -0.75 1313 65.79 TECK-B TECK RESOU 87.53 6.66 8.24 1465 33.21 T TELUS CORPORATI 15.08 -0.57 -3.64 7727 -16.64 TVK TERRAVEST IND 124.05 2.91 2.40 72 -24.59 TFII TFI INTERNAT 188.25 -10.02 -5.05 229 32.69 NWC THE NORTH WES 51.30 -0.62 -1.19 83 4.89 TRI THOMSON REUTE 138.41 -10.94 -7.33 823 -23.59 TPZ TOPAZ ENERGY 31.98 -0.32 -0.99 511 16.12 TXG TOREX GOLD RE 56.73 1.85 3.37 448 -13.44 TIH TOROMONT IND 216.05 9.24 4.47 345 30.11 TD TORONTO-DOMINI 167.77 3.25 1.98 3442 29.69 TOU TOURMALINE OI 62.30 -2.16 -3.35 2234 1.19 TA TRANSALTA CORP 18.04 0.52 2.97 1453 3.92 TKO TREKOR METALS 9.87 0.42 4.44 1015 27.03 TFPM TRIPLE FLAG 41.49 1.18 2.93 185 -9.03 TSU TRISURA GROUP 42.32 -0.77 -1.79 165 -0.94
VET VERMILION ENE 16.12 0.85 5.57 1943 41.16 VZLA VIZSLA SILVE 4.55 0.16 3.64 482 -39.49
WSP WSP GLOBAL IN 167.16 -3.43 -2.01 447 -32.74 WCN WASTE CONNECT 233.03 -10.21 -4.20 567 -3.19 WDO WESDOME GOLD 26.84 0.60 2.29 448 18.03 WFG WEST FRASER T 88.96 -4.63 -4.95 287 5.94 WN WESTON GEORGE 104.51 -1.36 -1.28 155 10.37 WPM WHEATON PRECI 158.70 4.77 3.10 496 -1.65 WCP WHITECAP RESO 16.46 0.44 2.75 11366 43.13
CURRENCIES FOREIGN EXCHANGE CROSS RATES
CAD USD AUD EUR GBP JPY CHF
0.7136 1.0161 0.6192 0.5301 113.84 0.5749 USD 1.4013 - 1.4239 0.8677 0.7428 159.52 0.8058 AUD 0.9840 0.7022 - 0.6093 0.5216 111.99 0.5657 EUR 1.6148 1.1525 1.6416 - 0.8561 183.84 0.9286 GBP 1.8864 1.3463 1.9174 1.1681 - 214.74 1.0846 JPY 0.0088 0.0063 0.0089 0.0054 0.0047 - 0.0051 CHF 1.7392 1.2412 1.7681 1.0770 0.9220 198.00 -
Toronto Tempo guard Marina Mabrey, right, dribbles the ball around Minnesota Lynx guard Courtney Williams during the first half of Thursday’s game at Scotiabank Arena in Toronto. The Lynx won 104-72. For the game story, go to GLOBESPORTS.COM Getting downhill
Ontario surged during World Cup, figures show
SIMON HOUPT
Sports gambling in Ontario surged in June, with both the number of active betting accounts and the amount of mon- ey at stake jumping more than 30 per cent year over year amid a flood of attention for the FIFA World Cup, according to figures released Thursday by iGaming Ontario. Now, sportsbooks are hoping to convert all of those new customers into players of their casino and other online games. Ontarians wagered $1.03-billion on sports, e-sports, proposition and novelty bets as well as exchange betting last month, up 35 per cent from the $768-million that was bet in June, 2025. Canadian sports gambling companies hoped to capitalize on the hype of a first World Cup on home soil and only the third one to include a Canadian men’s team, which was expected to draw many first-time or casual bettors. That total wagered was up 6 per cent from May, making 2026 the first year since the province opened to private gambling operators in 2022 that the amount of money bet on sports rose in June from the previous month. Gambling traditionally falls off as the NHL and NBA seasons come to a close in mid-June. There were 1.32 million active player accounts in the province in June, up 30 per cent from the 1.01 million ac- counts in June, 2025. That made it the second-highest monthly total on record, behind only January of this year when 1.33 million accounts were active. (The numbers do not indicate how many peo- ple are active bettors, as individuals can have multiple ac- counts.) The figures do not include betting offered by Ontario Lottery and Gaming Corporation, the province’s govern- ment-owned gambling operator. Sports gambling operators in Ontario had been antici- pating the World Cup would drive hundreds of thousands of new bettors to their sites, fuelled by fans climbing on the Team Canada bandwagon. A survey by the online payments processor Paysafe in- dicated 46 per cent of Ontarians were expected to wager on the tournament, with 9 per cent placing their first bets. The expected crush of new bettors worried critics of on- line gambling. On the day the World Cup kicked off, the Canadian Mental Health Association launched a public ser- vice campaign warning of the negative effects of normaliz- ing sports betting. At a panel discussion during an industry conference a few weeks before the tournament, Tim Whitehead, the head of sportsbook operations for DraftKings, described the World Cup as “one of the events that breaks through sports media into mainstream and pop culture.” “You’re going to have a broader demographic of just en- tertainment seekers and people that are new to your prod- ucts, because it’s such a cultural experience,” he explained at the SBC Summit Canada conference. “People just want to get in on that action.”
[ TEMPO VS. LYNX ]
BAILEY MCLEAN/GETTY IMAGES
new skin-care line after devastating injury
NEIL DAVIDSON
Jordyn Huitema is trying to find “the beauty in the ugly.” The ugly is the knee injury that the Canadian international for- ward suffered July 18 playing for the Chicago Stars against Angel City in National Women’s Soccer League play. The 25-year-old from Chilliwack, B.C., is now awaiting surgery. The beauty is Jordyskin, Huite- ma’s new skin-care line that launched four days after the inju- ry. Jordyskin has been four years in the making with a hydrating foaming cleanser, milky toner and daily moisturizer the first products on the market, all avail- able online. “The journey has been so long that I was finally excited to get it into people’s hands and get peo- ple trying it and get people’s opinion on it,” Huitema said in an interview, a pile of product stacked behind her. “Just the feedback has been unreal so far, which warms my heart. Because the initial goal of the brand was to make people’s lives better. “We didn’t want to do it for money or for any other reason. We just truly wanted to create a product that people could trust. And so far the feedback is that people are loving it, so it’s every- thing that I could have dreamed of and more.” With 1.3 million followers on Instagram, Huitema already has a large, loyal audience. Years of struggling with acne got Huitema interested in skin care. Coupled with repeated washing after training, her skin was taking a beating. “My skin would peel off and be supersensitive and irritated be- cause things weren’t made for me. And now I’ve formulated this and I use it three times a day and it’s perfect,” she said. Huitema knew what she want- ed in terms of ingredients and how the product should feel. But it took countless trial runs and a switch in manufacturers to finally get what she wanted. Every time she said no, it took another three months to reformulate.
Auger-Aliassime aims to follow in Mboko’s footsteps and win the NBO Open B13
Canadian international forward Jordyn Huitema shows off samples from her new skin-care line Jordyskin.
“I was the bossy CEO who wanted it to be perfect. That’s why I think it feels so accomplish- ing, finally feeling like it’s every- thing I wanted it to be.” Jordyskin is intended for both men and women. And while billed as “created for athletes,” it can be used by anyone, according to Huitema. Her teammates have tested out the products, with several – in- cluding close friend and fellow Canadian Julia Grosso – figuring in the marketing of the line. The Chicago locker room is now stocked with her products. Huitema also got family mem- bers involved. “I wanted to use young skin, mature skin,” she explained. “I wanted to use everything under the sun before I launched it. I wanted to make sure it worked
WNBA says Bueckers, Reese won’t be punished for bet during all-star weekend B15
for everyone.” Huitema was the original gui- nea pig, however, testing the products herself before turning to others. Huitema is the lone investor, pouring her own money into what she calls a “passion project.” While she hopes to expand the line, she also knows she will need investors if the business contin- ues to grow. But for the time be- ing it’s all her, including packag- ing and sending out the product. A double-whammy ended Hui- tema’s soccer season. She needed treatment in the 20th minute after taking a knock to the knee from an Angel City challenge, then fell awkwardly af- ter coming down for an aerial challenge upon her return to the field.
A 14-year-old Nadia Comaneci captured the world’s attention in 1976 and became a key figure in the growth of women’s sports
CHARLOTTE GLORIEUX MONTREAL
The bright orange suit Nadia Co- maneci wore Thursday matched the colour of the Olympic torch outside the Canadian Olympic House in downtown Montreal, whileagoldnecklaceintheshape of the Olympic rings hinted at the reason for her return. Fifty years after becoming the first gymnast to earn a perfect 10 at an Olympic Games, the Romanian legend re- turned to the city where, at 14, she delivered the iconic performance. “It’s always emotional to be back here in Montreal,” said the 64-year-old Comaneci. “To be able to celebrate 50 years is a long time. We live in a world that has the tendency to forget moments very fast, and to be here to celebrate this amazing 50 years since ’76 is … a once-in-a- lifetime event.” For Comaneci, Montreal has become inseparable from the achievement that made her a household name around the world. “It’s gymnastics, Romania and Montreal,” she said. “This is my life. This is what happened in ’76.” The retired gymnast won five medals in Montreal – three gold, one silver and one bronze – but it was her uneven bars routine on July 18, 1976, that cemented her status as an Olympic legend. She was the youngest gymnast ever to win gold, a record that appears likely to stand because there has since been a rule change barring
MLB
AMERICAN LEAGUE NATIONAL LEAGUE
EAST DIVISION W L Pct GB Tampa Bay 64 44 .593 — New York 61 48 .560 31/2 Boston 56 51 .523 71/2 Baltimore 53 56 .486 111/2 Toronto 50 59 .459 141/2 CENTRAL DIVISION Chicago 57 51 .528 — Cleveland 56 54 .509 2 Minnesota 55 55 .500 3 Detroit 51 58 .468 61/2 Kansas City 46 64 .418 12 WEST DIVISION Texas 55 54 .505 — Houston 55 55 .500 1/2 Seattle 53 56 .486 2 Athletics 45 63 .417 91/2 Los Angeles 42 67 .385 13
EAST DIVISION
Thursday Tampa Bay 3, Texas 2 Minnesota 4, Kansas City 3 Chicago White Sox 2, N.Y. Yankees 1, 11 innings Boston at Athletics Wednesday Baltimore 10, Detroit 9, 12 innings Tampa Bay 3, Texas 0 Kansas City 4, Minnesota 0 Chicago White Sox 6, N.Y. Yankees 5, 12 innings Houston 7, L.A. Angels 4 Boston 4, Athletics 2, 10 innings Friday — All Times Eastern ChicagoWhiteSoxatTampaBay,7:10p.m. Texas at Houston, 8:15 p.m. Detroit at Athletics, 9:40 p.m. Minnesota at Seattle, 10:10 p.m. Saturday Minnesota at Seattle, 4:10 p.m. ChicagoWhiteSoxatTampaBay,4:10p.m. Texas at Houston, 7:10 p.m. Detroit at Athletics, 9:40 p.m.
INTERLEAGUE
Thursday Seattle at L.A. Dodgers Wednesday’s results Toronto 5, Washington 2 Cleveland 6, Cincinnati 1 L.A. Dodgers 4, Seattle 2 Friday All Times Eastern N.Y. Yankees at Chicago Cubs, 2:20 p.m. Philadelphia at Baltimore, 7:05 p.m. St. Louis at Toronto, 7:07 p.m. Arizona at Cleveland, 7:10 p.m. Kansas City at Colorado, 8:40 p.m. Milwaukee at L.A. Angels, 9:38 p.m. Boston at L.A. Dodgers, 10:10 p.m. Saturday St. Louis at Toronto, 3:07 p.m. Philadelphia at Baltimore, 7:05 p.m. Arizona at Cleveland, 7:15 p.m. N.Y. Yankees at Chicago Cubs, 7:15 p.m. Kansas City at Colorado, 8:10 p.m. Boston at L.A. Dodgers, 9:10 p.m. Milwaukee at L.A. Angels, 9:38 p.m.
GP W L T GF GA Pt Ottawa 13 10 2 1 30 15 31 Montreal 14 8 3 3 28 16 27 Toronto 13 6 4 3 18 13 21 Halifax 13 5 6 2 15 12 17 Vancouver 14 5 8 1 23 34 16 Calgary 13 0 11 2 9 33 2 Wednesday Montreal 4 Vancouver 3 Saturday Toronto at Calgary, 4 p.m. RESULTS AS OF THURSDAY, JULY 30, 9:40 P.M.
CORNERED
OFF THE MARK
SPEED BUMP
BIZARRO
Retired Olympic gold medal gymnast Nadia Comaneci greets supporters during a media availability in Montreal on Thursday. CHRISTOPHER KATSAROV/ THE CANADIAN PRESS
THE CANADIAN PRESS
EAST DIVISION W L Pct GB Atlanta 63 45 .583 — Philadelphia 57 52 .523 61/2 Miami 55 54 .505 81/2 Washington 55 54 .505 81/2 New York 46 63 .422 171/2 CENTRAL DIVISION Milwaukee 67 41 .620 — Chicago 62 47 .569 51/2 Pittsburgh 55 54 .505 121/2 St. Louis 54 55 .495 131/2 Cincinnati 50 57 .467 161/2 WEST DIVISION Los Angeles 68 40 .630 — Arizona 57 52 .523 111/2 San Diego 55 53 .509 13 San Francisco 46 62 .426 22 Colorado 42 67 .385 261/2
Thursday Chicago Cubs 4, St. Louis 2, 10 innings Miami at N.Y. Mets Pittsburgh at Cincinnati Washington at Atlanta San Francisco at San Diego Wednesday Miami 8, Philadelphia 6 Arizona 3, Pittsburgh 0 N.Y. Mets 3, Atlanta 2, 1st game San Francisco 16, Milwaukee 3 San Diego 3, Colorado 1 Atlanta 1, N.Y. Mets 0, 2nd game St. Louis 3, Chicago Cubs 2, 10 innings Friday — All Times Eastern Pittsburgh at Cincinnati, 6:10 p.m. Miami at N.Y. Mets, 7:10 p.m. Washington at Atlanta, 7:15 p.m. San Francisco at San Diego, 9:45 p.m. Saturday Miami at N.Y. Mets, 4:10 p.m. Pittsburgh at Cincinnati, 6:40 p.m. Washington at Atlanta, 7:15 p.m. San Francisco at San Diego, 8:40 p.m.
LPGA TOUR
AIG WOMEN’S OPEN
At Lancashire, United Kingdom THURSDAY’S FIRST ROUND — PAR 71 Jeeno Thitikul 31-33—64 Shiho Kuwaki 33-33—66 Hae-Ran Ryu 31-35—66 Celine Boutier 32-35—67 Yealimi Noh 34-33—67 Chizzy Iwai 34-34—68 Chanettee Wannasaen 32-36—68 Ashleigh Buhai 36-33—69 Lauren Coughlin 34-35—69 Diksha Dagar 35-34—69 Charley Hull 34-35—69 Paula Martin Sampedro 34-35—69 Mao Saigo 34-35—69 Rio Takeda 33-36—69 Shannon Tan 35-34—69 Lottie Woad 34-35—69 Alexandra Forsterling 35-35—70 Alice Hewson 32-38—70 Jin Hee Im 33-37—70 Soo Bin Joo 37-33—70 Also Brooke Henderson 35-37—72 Anna Huang 36-39—75
athletes from competing before the year in which they turn 16. When she completed the rou- tine, the scoreboard flashed “1.00” instead of 10.00, leaving athletes and spectators momen- tarily confused. Comaneci said she assumed the scoreboard had malfunctioned. “The one didn’t make sense at all,” she said, adding: “I thought there was something wrong be- cause one is not a very good score.” The explanation came later. Olympic organizers had instruct- ed the Swiss company that built the scoreboard to display scores only up to 9.99 because no one believed a perfect 10 was possible. “I did not know that I made history because nobody told me anything,” Comaneci said. She hardly had time to dwell on the confusion before moving to her next event.
MLS
EASTERN CONFERENCE
EASTERN CONFERENCE
GP W L T GF GA Pt Nashville 17 12 2 3 33 12 39 Miami 17 11 2 4 43 30 37 New England 16 9 5 2 26 19 29 Chicago 16 8 6 2 30 22 26 N.Y. City F.C. 17 7 6 4 30 23 25 Charlotte 17 7 6 4 28 25 25 Cincinnati 17 6 6 5 41 42 23 N.Y. Red Bulls 17 6 7 4 26 37 22 D.C. 17 5 5 7 24 27 22 Orlando 17 6 9 2 28 44 20 Columbus 17 5 8 4 24 26 19 Toronto 17 3 7 7 23 31 16 Montreal 17 4 10 3 22 33 15 Philadelphia 17 3 10 4 22 31 13 Atlanta 17 3 11 3 17 30 12 WESTERN CONFERENCE
WESTERN CONFERENCE
GP W L T GF GA Pt Vancouver 16 10 3 3 37 16 33 San Jose 17 10 4 3 35 20 33 L.A. F.C. 18 10 5 3 34 18 33 Salt Lake 16 8 6 2 28 24 26 Houston 16 8 6 2 23 24 26 Dallas 17 7 5 5 32 25 26 St. Louis 17 7 6 4 23 23 25 Seattle 16 7 6 3 19 20 24 Minnesota 17 6 6 5 19 24 23 Portland 17 6 8 3 31 32 21 L.A. Galaxy 18 5 7 6 24 29 21 San Diego 17 5 7 5 31 28 20 Colorado 17 6 10 1 26 25 19 Austin 17 4 8 5 22 35 17 Kansas City 17 4 11 2 18 44 14 MLS ALL-STAR BREAK At Charlotte, N.C. Wednesday MLS All-Stars 4 LIGA MX All-Stars 2 Player of the Match and MVP: Son Heug-Min, MLS Friday — All Times Eastern Toronto at New York City F.C., 7:30 p.m. Saturday San Jose at Cincinnati, 7:30 p.m. Nashville at D.C., 7:30 p.m. Columbus at Miami, 7:30 p.m. New England at Montreal, 7:30 p.m. Orlando at N.Y. Red Bulls, 7:30 p.m. Atlanta at Philadelphia, 7:30 p.m. Los Angeles F.C. at Vancouver, 7:30 p.m. Charlotte at Chicago, 8:30 p.m. Houston at Kansas City, 8:30 p.m. San Diego at Minnesota, 8:30 p.m. Salt Lake City at St. Louis, 8:30 p.m. Austin at Colorado, 9:30 p.m. Dallas at L.A. Galaxy, 10:30 p.m. Seattle at Portland, 10:30 p.m.
CPL
GP W L T GF GA Pt Hamilton 13 11 1 1 23 8 34 Calgary 14 9 2 3 25 8 30 Ottawa 14 6 5 3 22 25 21 Vancouver 14 6 6 2 21 15 20 Halifax 15 4 7 4 20 24 16 Quebec 13 4 7 2 19 25 14 Toronto 12 3 5 4 15 25 13 Victoria 13 0 10 3 15 30 3 Friday — All Times Eastern Quebec at Victoria, 10 p.m. Saturday Ottawa at Vancouver, 6 p.m. Toronto at Calgary, 9 p.m.
“Themusicstarted,andwehad to march to the balance beam, so I didn’t have time to think about it too much.” By the end of the Games, Co- maneci had earned seven perfect 10s, forever changing expecta- tions in gymnastics. She said the achievement carries a different meaning today than it did when she was a teenager. “I realize when I think about it, I can’t believe a 14-year-old decid- ed to do something 50 years ago,” she said. “I’m impressed as an adult right now about the cour- age that that 14-year-old had.” She has also come to appre- ciate the broader impact her suc- cess had on women in sport. “When I was young, there were not too many sports for women,” she said. “I always got this com- ment: ‘Thank you for breaking the ice for women.’ I didn’t know exactly what that meant. Now I’m
WNBA
W L Pct GB Indiana 18 10 .643 — Atlanta 17 10 .630 1/2 New York 16 12 .571 2 Washington 15 12 .556 21/2 Toronto 10 17 .370 71/2 Chicago 9 18 .333 81/2 Connecticut 7 21 .250 11
W L Pct GB Minnesota 23 6 .793 — Las Vegas 19 8 .704 3 Golden State 19 9 .679 31/2 Dallas 18 10 .643 41/2 Portland 11 17 .393 111/2 Phoenix 11 18 .379 12 Los Angeles 10 17 .370 12 Seattle 6 24 .200 171/2 Thursday Connecticut at Chicago Minnesota at Toronto New York at Las Vegas Wednesday Atlanta 82, Dallas 81 Phoenix 91, Golden State 89 Friday Dallas at Washington, 7:30 p.m. Seattle at Atlanta, 7:30 p.m. Indiana at Portland, 10 p.m. Saturday Las Vegas at Chicago, 1 p.m. New York at Phoenix, 3 p.m.
CEBL EASTERN CONFERENCE
GP W L Pct GB y-Scarborough 22 18 4 .818 — x-Brampton 22 11 11 .500 7 Niagara 23 10 13 .434 81/2 Montreal 24 10 14 .417 9 Ottawa 22 9 13 .409 9
WESTERN CONFERENCE x-Vancouver 23 14 9 .609 — x-Winnipeg 22 13 9 .591 1/2 x-Saskatoon 22 11 11 .500 21/2 x-Edmonton 22 9 13 .409 41/2 Calgary 22 7 15 .318 61/2 x — clinched playoff berth; y — division Thursday Brampton 90 Montreal 89 Wednesday Saskatoon 94 Niagara 93 Friday Ottawa at Winnipeg, 8 p.m. Saskatoon at Edmonton, 9 p.m. Niagara at Calgary, 9:30 p.m. Saturday Scarborough at Brampton, 7 p.m.
NSL
ATP/WTA TOUR MUBADALA CITI DC OPEN
At Washington D.C. Thursday MEN’S SINGLES — ROUND OF 16 Brandon Nakashima, United States, def. Jakub Mensik (7), Czechia, 7-6 (5), 3-6, 6-4. Alex de Minaur (1), Australia, def. Cruz Hewitt, Australia, 6-2, 6-3. Alejandro Tabilo, Chile, def. Terence Atmane, France, 6-3, 7-6 (6). Ben Shelton (2), United States, def. Ugo Humbert, France, 6-7 (3), 6-3, 6-4. WOMEN’S SINGLES — ROUND OF 16 Anna Kalinskaya (5), Russia, def. Janice Tjen, Indonesia, 1-6, 6-3, 7-6 (7). Jessica Pegula (1), United States, def. Magdalena Frech, Poland, 3-6, 6-3, 6-0. Diana Shnaider (4), Russia, def. Anastasia Potapova, Russia, 6-1, 6-2.
ATP TOUR LOS CABOS OPEN
At Los Cabos, Mexico Late Wednesday SINGLES — ROUND OF 16 Jenson Brooksby, United States, def. Edward Winter, Australia, 6-3, 6-4. FranciscoCerundolo(3),Argentina,def. TristanBoyer,UnitedStates,6-7(4),4-3,ret. Coleman Wong, Hong Kong, China, def. Jiri Lehecka (1), Czechia, 1-6, 6-3, 6-4. Denis Shapovalov (8), Richmond Hill, Ont., def. Rodrigo Pacheco Mendez, Mexico, 6-3, 6-2. Arthur Gea, France, def. Michael Zheng, United States, 0-6, 6-4, 6-0. Bernard Tomic, Australia, def. Karen Khachanov (4), Russia, 6-2, 6-4. Dalibor Svrcina, Czechia, def. Luciano Darderi (2), Italy, 3-0, ret. Cameron Norrie (5), Britain, def. James Duckworth, Australia, 6-4, 6-4. PGA TOUR ROCKET CLASSIC
At Detroit THURSDAY’S FIRST ROUND — PAR 70 Peter Malnati 28-33—61 Rickie Fowler 32-31—63 Ryan Gerard 34-29—63 Patrick Cantlay 31-33—64 Patrick Fishburn 31-33—64 Keegan Bradley 34-31—65 Michael Brennan 32-33—65 Doug Ghim 32-33—65 Stephan Jaeger 32-33—65 Michael Kim 32-33—65 Chris Kirk 30-35—65 Hayden Springer 32-33—65 Ricky Castillo 32-34—66 Luke Clanton 33-33—66 Emiliano Grillo 34-32—66 Ryo Hisatsune 33-33—66 Also Corey Conners 33-34—67 A.J. Ewart 35-33—68 Adam Svensson 33-36—69 Nick Taylor 36-33—69 Sudarshan Yellamaraju 35-34—69 Mackenzie Hughes 33-37—70 Ben Silverman 35-36—71 Taylor Pendrith 36-36—72
like, ‘Okay, now I understand.’ “So,” she said with a smile, “I thank the 14-year-old.” Canadian Olympic Committee president Tricia Smith, who com- peted in rowing at the 1976 Games, said Montreal marked an important turning point not only for Canadian sport, but also for women athletes. “It definitely played a role in the building block of how we’ve done in Canada in sport,” Smith said, pointing to the country’s steady rise in Olympic success over the decades that followed. During the Montreal Games, Smith said women accounted for only about 20 per cent of athletes, and 1976 was the first Olympics to include women’s rowing, nearly 80 years after the modern Olym- pic movement began. Even then, women raced only half the distance as men because of concerns that longer races could affect their ability to have children, Smith said. “There’s just a lot more educa- tion, a lot more awareness,” she said. Comaneci will take part in public celebrations outside Mon- treal’s Olympic Stadium on Aug.1, commemorating the Games that made history and forever linked her name with the city. She said one of the most mea- ningful parts of this week’s cele- brations will be meeting women whose parents named them Na- dia after watching her compete in Montreal. Half a century later, she said, she is still amazed by how widelyherstoryandhernameare remembered. Recalling a recent conversation with a young Mon- treal driver, she said he immedi- ately recognized her as “the 14- year-old.” “It’s hard to believe,” she said.
CFL
GP W L PF PA Pt Montreal 7 6 1 239 204 12 Hamilton 7 3 4 167 190 6 Toronto 7 3 4 220 219 6 Ottawa 6 0 6 153 213 0 WEST DIVISION
GP W L PF PA Pt Edmonton 7 6 1 203 172 12 Saskatchewan 6 4 2 204 169 8 Winnipeg 7 4 3 185 208 8 Calgary 7 3 4 278 244 6 BritishColumbia 6 1 5 152 182 2 WEEK NINE Bye: Toronto Thursday British Columbia at Winnipeg, 8:30 p.m. Friday — All Times Eastern Montreal at Ottawa, 7:30 p.m. Saturday Calgary at Hamilton, 3 p.m. Saskatchewan at Edmonton, 7 p.m.
COMMONWEALTH GAMES MEDAL STANDINGS
At Glasgow, Scotland Through Thursday’s events Nation G S B Tot Australia 51 24 35 110 England 15 30 20 65 Canada 15 13 17 45 Scotland 9 7 9 25 South Africa 6 9 8 23 New Zealand 5 9 7 21 Wales 3 6 9 18 India 3 10 4 17
TELEVISION FRIDAY(ALLTIMESEASTERN)
AUSTRALIAN RULES FOOTBALL AFL Premiership: Sydney Swans vs. St. Kilda Saints, TSN 2, 11 p.m. AFL Women's Premiership: Australia vs. Ireland, TSN 2, 2 a.m. (Saturday) BASEBALL MLB: N.Y. Yankees vs. Chicago Cubs, SN Ontario, East, West, Pacific, 2 p.m. MLB: St. Louis vs. Toronto, SN Ontario, East, West, Pacific, 7 p.m. MLB: Texas vs. Houston, Apple TV Plus, 7:30 p.m. MLB: San Francisco vs. San Diego, Apple TV Plus, 9 p.m. COMMONWEALTH GAMES CBC, 2 p.m. FOOTBALL CFL: Montreal vs. Ottawa, TSN 1, 3, 4, 5, 7:30 p.m. GOLF LPGA: AIG Women's Open, Second Round, Golf Channel, 8 a.m. PGA: Rocket Classic, Second Round, Golf Channel, 3 p.m. PGA Korn Ferry: Utah Championship, Second Round, Golf Channel, 6 p.m. LPGA: AIG Women's Open, Third Round, Golf Channel, 1 a.m. (Saturday) RUGBY Super League: Wigan Warriors vs. Leigh Centurions, SN World, 3 p.m. TENNIS ATP/WTA: Mubadala Citi DC Open, TSN 2, 2 p.m.
to announce new coach after U.S. Open
As the second-ranked player at the tournament, the Canadian is chasing his first 1,000-level win
DANIEL RAINBIRD MONTREAL
Félix Auger-Aliassime’s path to a long-awaited ATP Masters 1000 ti- tle has arguably never been more clear. The Canadian tennis star would also rather earn it by beat- ing the best. Ranked a career-high world No. 4, Auger-Aliassime will be the second seed in the men’s singles draw at the National Bank Open, with the absence of several top stars giving him his best chance yet to win his hometown tourna- ment. “I feel that I’m playing well,” the 25-year-old from Montreal said Thursday. “I feel like I have good chances to play a good tour- nament, but everything starts from the first day and you have to be on your toes.” Top-ranked Jannik Sinner, No. 2 Carlos Alcaraz and 24-time Grand Slam champion Novak Djokovic – the three biggest draws in the men’s game – will miss the tournament for the sec- ond consecutive year. Sinner and Djokovic withdrew last week after appearing on the entrylist,whileAlcarazcontinues to recover from a wrist injury that forced him to miss both the French Open and Wimbledon. Auger-Aliassime grew up a 10- minute drive from IGA Stadium and fondly remembers watching greats Roger Federer, Rafael Na- dal and Djokovic from the stands. He called it “a shame” that top players have skipped Canada in recent years. “I’ve loved this tournament, especially being from here, since I’makid,”hesaid.“I’vecomehere to watch the best players – Roger, Novak, Rafa, they’ve all played here. “I would rather have all the best players and beat all the play- ers.“ The National Bank Open, which alternates men’s and wom- en’s tournaments between To-
of FIFA fan fest premium tickets
MAAN ALHMIDI TORONTO
Less than half of the premium tickets for Toronto’s FIFA Fan Festival sold during the World Cup, generating an estimated $5- million in revenue for the city, municipal staff said in a report presented to city council Thurs- day. The report on the early out- comes of Toronto’s tournament hosting duties said preliminary data shows 44 per cent of premi- um tickets for the flagship festiv- al at Fort York were sold. While the majority of fan fes- tival tickets were free, premium tickets were listed for between $100 and $300 and included fas- ter entry and dedicated spaces on festival grounds. The city said approximately 350,000 people attended the fan festival over the course of the in- ternational soccer tournament. The festival hosted 86 per- formers, including 80 Canadian performers and 19 cultural acts. It was scheduled to be open for 23 days but two more were added: one on June 28 as Canada advanced to the round of 16, and one on July 10 for another quar- ter-final match day “due to strong public interest,” the re- port said. The report said staff remain confident that the cost of hosting six World Cup matches will be within the city’s approved bud- get of $380-million. A full financial report is ex- pected early next year once staff finish verifying revenues and budget offsets. City council passed a motion on Thursday asking the Auditor- General to conduct a value for money review on hosting the World Cup in Toronto. Mayor Olivia Chow called the weeks-long event a great success, owing to the hard work of those involved. “The tournament might be over, but I believe that we can continue on the lessons and keep the city moving ahead,” she said.
Canada's Félix Auger-Aliassime greets aspiring tennis players during an event designed to introduce and engage youth in tennis ahead of the National Bank Open tournament in Montreal on Thursday. GRAHAM HUGHES/THE CANADIAN PRESS
THE CANADIAN PRESS
ronto and Montreal each year, holds a difficult spot on the jam- packed tennis calendar. The tour- nament typically begins two or threeweeksafterWimbledonand ends the same day as the Cincin- nati Open – another Masters 1000 event leading into the U.S. Open – gets under way. As for a solution, Auger-Alias- sime said those discussions are at the top of the agenda with the ATP. “There’s more and more ideas that are brought up of how we could find a balance of protecting the players and their choices, but also protecting the tourna- ments,” he said. “Ideas like not being able to skip the same tour- nament two years in a row, right? “Guarantee a tournament that if you don’t get the No. 1 and 2 in the world one year, they will get them the next year.”
Fans celebrate after Spain’s win against Argentina in the 2026 FIFA World Cup final, at Toronto’s Fan Festival on July 19. SAMMY KOGAN/THE GLOBE AND MAIL
If you’re talking about value for money, let me tell you, we’ve done a very good job.
OLIVIA CHOW TORONTO MAYOR
Chow said the city levied ho- tels rather than raising property taxes to help cover the costs of hosting the tournament, adding Vancouver – another host city – was left with a bill of more than $700-million. “That’s almost double the amount. So if you’re talking about value for money, let me tell you, we’ve done a very good job in there also,” the mayor said. The federal government com- mitted up to $45-million toward World Cup policing and security costs in April, which the report says may help offset some of the city’s costs. Local transit routes carried about 85,000 riders to the stadi- um and fan festival, and a total ridership of nearly 160,000 was reported at Exhibition GO sta- tion near the stadium on match
Big names or not, Auger-Alias- sime arrives back home playing some of the best tennis of his ca- reer – and without a coach. The big-serving Canadian reac- hed the quarter-finals at Wimble- don, where he fell to Djokovic in an epic five-set match that lasted five hours 15 minutes. He announced after the grass- court Grand Slam that it was his final tournament with long-time coach Frédéric Fontang, a deci- sion he had made after losing in the French Open quarter-finals. Auger-Aliassime did not have anexacttimeline,butexpectedto announcehisnextcoachafterthe U.S. Open in September, hoping a fresh voice can help him win his firstMasters1000andGrandSlam titles. “It was time to move on after 10 years, and for me to respect the curiosity I have into learning
days, the document said. BMO Field, which was re- branded as Toronto Stadium during the World Cup, welcomed about 250,000 fans over the course of the six match days, the report said. “The overwhelming majority of visitors to the stadium provid- ed positive feedback about their experiences,” it said. As well, pre- liminary results from surveys conducted by Destination Toron- to and Destination Ontario showed nine out of 10 visitors who participated said they were likely to return to Toronto for lei- sure in the next two years, it said. The report said the World Cup represented the longest deploy- ment in Toronto police history, with officers working for six weeks of continuous operations. “[Police officers] successfully monitored and staffed 17 fan and supporter marches with the largest fan march for Portugal drawing more than 18,000 sup- porters,” it said. Toronto paramedics, mean- while, responded to about 550 re- quests for medical care at Toron- to stadium and the fan festival, it said.
from different people that might look at my game from a different angle, and just to learn a bit more about the highest level and about the highest standards of tennis,” he said. “What I’m looking for is really to improve my game, to im- prove my tennis as a whole.“ In the meantime, Auger-Alias- sime will work with his father, Sam Aliassime, who he said won’t hesitate to tell him what he needs to hear. “Brings a lot of honesty, but al- sotheunconditionalsupportthat every parent has for their kid,” he said. “Beyond being a coach, sim- ply as a dad, he brings me a great deal because in difficult mo- ments, when we have to have tougher conversations or when I needtobebetteroncertaindays,I feel he’s always the person who wants what’s best for me and who can give me the honest truth.”
FROM B11
FROM B11
In hindsight, she believes the knee was compromised in the first collision, with the damage exacerbated by the second. “I’ve made a new rule for myself that, because my pain tolerance is so high, if I ever ask to get checked on the side- line, I’m going to stop playing,” she said wistfully. “Because usually by the point I’m asking to get checked, I’m usually already injured. So I just need to learn to stop.” Huitema was helped off the field, favouring her left leg with a towel covering her face, and was placed on the season- ending injury list three days later. Doctors are waiting for the swelling to subside before sur- gery. The initial diagnosis is torn meniscus, anterior and medial cruciate ligaments, a “slight” femur fracture and bone bruises. “I did it big,” she sighed. “Hopefully I’ll only do it once.” Huitema hopes to return to action in time for next year’s World Cup, which kicks off June 24 in Brazil. At 5-foot-11, Huitema cuts an imposing figure on the field. She spent three seasons in France with Paris Saint-Germain, making 45 appearances between 2019 and 2021, before join- ing the NWSL’s Seattle Reign in 2022. Huitema moved to Chicago in March in a trade that saw the Stars pay US$300,000 in a transfer fee and US$200,000 in allocation money. She subsequently signed a three-year con- tract that runs through the 2028 season. She has 24 goals and seven assists in 98 senior appearances for Canada. As a youth international, she scored 25 goals, sec- ond only to then-record-holder Christine Sinclair (Annabelle Chukwu now holds the record with 34). Huitema had four goals in 12 appearances in NWSL play this season.
Like other companies that were using the tournament to woo new customers, Whitehead said that DraftKings had built a new Spanish-language platform “specially with the World Cup in mind and beyond” for Spanish-speaking Cana- dians and Americans who previously would have had to use English-language apps. Yohan Mathew, the director of marketing and revenue for BetMGM Canada, said the tournament “might be the last big real acquisition opportunity in the Ontario market.” (Alberta opened its market to private operators earlier this month, making it only the second Canadian province to do so.) Even before the tournament kicked off, however, the sportsbooks were investing heavily in plans to convert new customers to their other products, to help justify the signif- icant marketing expenses associated with their World Cup campaigns. Andrew Cochrane, the chief commercial officer ofgamingcompanySoft2Bet,toldthepanelthat“youhaveto shift a sizable percentage to iGaming,” such as online casinos. “If you can’t do that, you’re going to run out of money pretty quickly.” In June, Ontarians wagered $8.3-billion on online casino games, the third-highest monthly total on record.
The 12-day National Bank Open begins with qualifying Sat- urday before first-round action. The top 32 seeds receive first- round byes at the US$9.4-million tournament, with top-seeded Alexander Zverev and defending champion Ben Shelton among Auger-Aliassime’s biggest chal- lengers. Auger-Aliassime watched closely as Victoria Mboko captiv- ated Montreal with her run to last year’s women’s title. “I was glued to my screen,” he said. “I could feel the emotions the crowd experienced here. … Of course I hope to do what she did last year.” No Canadian man has won the tournament’s singles title in the Open era. Auger-Aliassime will have his best opportunity yet.
at Commonwealth Games
Canadian Para sprinters claim gold and silver in women’s T47 100-metres race
Former Olympic champion Da- mian Warner is hanging on to a slim lead halfway through the men’s decathlon at the Com- monwealth Games. Warner topped the standings with 4,353 points, just 14 clear of India’s Tejaswin Shankar, after five events Thursday. The 36-year-old from London, Ont., finished first in the 100 metres in 10.21 seconds, second in the long jump at 7.77 metres and fifth in the shot put at 13.84 metres. He then placed third in the high jump at 1.97 metres and fifth the 400-metre race. The decathlon competition wraps Friday with the 110-metre hurdles, discus, pole vault, jave- lin and the 1,500 metres. Canada sits third in the Com- monwealth table behind Austra- lia and England after adding six medals Thursday. That pushed its total to 45 – 15 gold, 13 silver and 17 bronze – through Day 7 of the Games. Para sprinter Sheriauna Haase of Toronto won gold in the wom- en’s T47 100-metre final, crossing the finish line in 12.23 seconds. Fellow Canadian Chloe Dunbar of Newport, N.S., claimed silver in 12.33 and New Zealand’s Anna Grimaldi took bronze. Julia Tunks of London, Ont., captured women’s discus silver with a throw of 60.67 metres on her second attempt, while Cana- da’s George Quarcoo and his guide Oluwasegun Makinde earned bronze in the men’s 100- metre T12 final.
GM on paid leave and under school investigation
AARON BEARD CHAPEL HILL, N.C.
North Carolina coach Bill Belichick opened his second preseason camp Thurs- day saying the program is adjusting inter- nal duties with general manager Michael Lombardi on paid administrative leave and the subject of a school investigation. “We’re working through some things,” Belichick said before the morning’s first official practice. “We’re at a particular time of year now where there are certain things that are in play and certain things that aren’t in play that won’t happen until later in the calendar year at some other point. “Again, we’re taking it day to day, and working through the things that are on the table now.” The school announced Monday that Lombardi had been placed on leave but didn’t provide details as to the reason, not- ing that employees and athletes aren’t permitted to address the topic “as is stan- dard procedure with personnel matters.” On Thursday morning, about 30 min- utes before Belichick spoke to reporters, UNC released another statement that said its Office of University Counsel was con- ducting an investigation – an announce- ment coming just shy of a month from kickoff to Year 2 of the Belichick era in Chapel Hill. Two people with knowledge of the sit- uation said a human-resources complaint from a former employee is involved with Lombardi’s leave. The people spoke to The Associated Press on condition of anonym- ity because the school isn’t commenting publicly about the specific reasons of the case.
THE ASSOCIATED PRESS
of shooting his mom, due to mental health check
DAVE SKRETTA ST. JOSEPH, MO.
Two court appearances scheduled for the 27-year-old son of Kansas City offensive co-ordinator Eric Bieniemy in connection with the shooting of his mother at their Virginia home have been delayed pending a mental health evaluation. Elijah Bieniemy was arrested Monday in connection with the late-Sunday shoot- ing. He has been charged with malicious wounding, use of a firearm in commission of a felony and discharge of a firearm in- side a dwelling. Bieniemy remained in the Loudoun County Adult Detention Center on Thurs- day. He had a court date to hear motions scheduled for later in the day, and a pre- liminary hearing date had been set for Aug. 31. But both appearances have been continued pending a mental health eval- uation, according to records available from the Virginia judiciary system.
Sheriauna Haase, left, of Toronto celebrates after winning the women’s T47 100-metres final with silver medalist Chloe Dunbar of Newport, N.S., at the 2026 Commonwealth Games at Scotstoun Stadium in Glasgow, Scotland on Thursday. ISABEL INFANTES/REUTERS
Earlier, weightlifters Xavier Lusignan and Etta Love added a pair of bronze medals to Cana- da’s tally. Lusignan, from Mansfield, Que., finished third in the men’s
According to university policy, the length of an administrative leave shouldn’t exceed 30 days but can vary based on issues under review. “We’re going to let that process play out,” athletic director Steve Newmark said Thursday morning of the investigation while declining to discuss specific details. “It’s paramount for us to do what’s right to make sure it’s a full and fair review, and that we don’t do anything to compromise the integrity of the process.” Speaking later after a reg- ularly scheduled morning meeting of the UNC trustees, chancellor Lee Roberts said Thursday that the school learned of “some concerns” last week. “If something has gone wrong, we want to know about it,” Roberts said. “If something needs to be fixed, we will be sure to fix it. There’s a standard of excel- lence here that all of us are entrusted with adhering to.” Roberts added later: “It’s distressing to me and everyone else in the administration entrusted with leadership at this remarkable university that this is something that we have to have to spend time on.” Belichick didn’t specify exactly how Lombardi’s duties have been divided among the staff, including referencing “a few adjustments” when asked about his own daily tasks. At the college level, GMs across sports generally work what amounts to front-of-
It’s paramount for us to do what’s right to make sure it’s a full and fair review, and that we don’t do anything to compromise the integrity of the process.
The sheriff’s office in Loudoun County, Va., has said the investigation is contin- uing. No motive has been provided. Eric Bieniemy remained away from the team on Thursday as they continued with their second full-squad workout of train- ing camp. Pass game co-ordinator Joe Bleymaier and offensive line coach Andy Heck have assumed most of his responsib- ilities, while coach Andy Reid continues to have a significant role overseeing the of- fensive system. “Eric’s a big part of this, and so I love having him here,” Reid said, “but right now it’s important that he takes care of business, and everybody knows that. So everybody’s game is picked up, and they’re working hard, and Eric will be back soon enough to jump in there and do his thing. But he’s got to take care of that first.” Reid declined to provide a timetable for Bieniemy’s return to the team. Mia Bieniemy, the coach’s 57-year-old
110-kilogram division with lifts of 159 kilograms in the snatch and 197 in the clean and jerk, for a total of 356. Fiji’s Taniela Tuisuva Rainibo- gi won gold with a Games-record
fice roles dealing with roster construction and negotiations over player compensa- tion, with the heaviest work coming in the off-season. In that sense, the football focus centres now more on the on-field work for a roster Lombardi helped put together ahead of the Aug. 29 opener against TCU in Dublin, Ireland. UNC hired Belichick in December, 2024, hoping the man who led the New England Patriots to six Super Bowl titles could thrive as a first-time college coach. Belichick immediately hired Lombardi, who was in attendance for Belichick’s in- troductory news conference. Lombardi’s career as an NFL executive had included be- ing the GM of the Cleveland Browns in 2013. And he se- cured a three-year deal pay- ing him US$1.5-million in base salary through the 2027 season, making him the country’s highest-paid GM, according to a USA Today salary database. A few months into Belichick’s tenure, Lombardi said the goal was running a col- lege program in a way similar to the NFL, saying the Tar Heels “consider ourselves the 33rd [NFL] team” because of the staff connections to the pros. That confident statement didn’t align with the on-field re- sults, with the Tar Heels having more dou- ble-digit losses [five] than total wins [four] in Belichick’s debut season.
STEVE NEWMARK UNIVERSITY OF NORTH CAROLINA’S ATHLETIC DIRECTOR
wife, has been released from the intensive care unit, where she was being treated for multiple gunshot wounds. Reid said that she was “doing better, and great from where she was.” Eric Bieniemy helped Kansas City reach three Super Bowls and win two of them, then left to become the offensive co-ordi- nator with the Washington Commanders – the reason the Bieniemy family still has a home in Virginia. The staff there was fired after one season, though, and Bieniemy spent a season apiece at UCLA and coach- ing running backs with the Chicago Bears. He was hired to replace Matt Nagy as the offensive co-ordinator in Kansas City earlier this year. “We stay in touch with him and keep him abreast of everything that’s going on,” Reid said. “He’s got the tape [of camp practices]. He can watch with whatever spare time he’s got there.”
378, while England’s Cyrille Tchatchet II took silver with 374. Love, from Saskatoon, climbed from fourth after the snatch to claim bronze in the women’s 86-kilogram event with
a total of 250. She recorded the second-best clean and jerk at 144 kilograms after lifting 106 in the snatch.
THE CANADIAN PRESS
ban for Russia, Belarus teams
RussiaandBelaruswillremainex- cluded from most major interna- tional ice hockey tournaments next season, the sport’s world governing body said on Thursday, citing “ongoing safety, security and sporting integrity concerns.” The decision means Russia’s teams will not compete in IIHF events during the 2026-27 season, including the men’s World Cham- pionship, World Junior Cham- pionshipandthemen’sandwom- en’s Under-18 World Champion- ships.Belarusalsoremainsbarred fromtheWorldJuniorChampion- ship, although the IIHF had previ- ously announced plans to reinte- grate the country in some lower- level competitions, including the men’s and women’s under-18 events and Women’s Division IV World Championship. “In line with the event-by- event approach established, the eligibility of Russia at the IIHF Women’s World Championship 2027 will be reviewed separately by the IIHF Council in November, 2026, taking into account the cir- cumstances and risk assessment applicable at that time,” the gov- erning body said in a statement. The Russian ice hockey federa- tion,inastatementonitswebsite, said it would appeal the ruling to the Court of Arbitration for Sport (CAS). The federation said it “neither accepts nor understands the IIHF’s short-sighted position, which ignores the recommenda- tions of the International Olym- pic Committee and goes against the idea of sport, meant to bring people together worldwide.” Russia and Belarus have been excluded from IIHF competitions since Moscow’s invasion of Uk- raine in February, 2022, with Bela- rus sanctioned for its support of Moscow’s war effort. The IIHF in May said it would assess Russia’s participation in the 2026-27 season on an event- by-event basis. Thursday’s an- nouncement follows a January ruling barring Russia’s teams from international competitions at all levels, which was later an- nulled after an appeal by the Rus- sian Ice Hockey Federation. The continued suspension means Russian players, including those competing in the NHL, are still unable to represent their country in IIHF tournaments. Russia was also excluded from this year’s Milan-Cortina Winter Olympics.
Bueckers, Reese over bet in social-media post
to show the two players placing personal wager on the outcome of game between their two teams
DOUG FEINBERG NEW YORK
A social-media post showing stars Paige Bueckers and Angel Reese betting US$400 on the outcome of a game between their teams “missed the mark,” the WNBA said Thursday. The players won’t be punished for the bet, a person with direct knowledge of the matter told The Associated Press. The person spoke to the AP on condition of anonymity because of the sensi- tivity of the situation. The league posted the initial video from all-star weekend, days before Bueckers’s Dallas Wings and Reese’s Atlanta Dream were set to play Wednes- day night. The clip featured Bueckers and Reese placing what appeared to be a personal wager on the game. It was presented with the caption, “We did?” with a laughing emoji followed by, “Paige Bueckers on the bet she made with Angel Reese at all- star weekend on tonight’s matchup.” The WNBA moved quickly to
THE ASSOCIATED PRESS
to serve five-game ban
Seattle Storm co-owner Celeste Keaton has been fined and sus- pended from attending the team’s next five home matches after an exchange with two fans during Tuesday’s game with the Indiana Fever, the WNBA con- firmed to Reuters on Thursday . According to multiple reports, Keaton berated two teenage girls who brought signs into Climate Pledge Arena supporting Fever guard Sophie Cunningham, who voiced her support for barring transgender athletes from wom- en’s and girls’ sports in an ESPN article published last week. The fans told political com- mentator Brandi Kruse’s unDivi- dedPod.com that Keaton direct- ed expletives at them for a sign that thanked Cunningham “for speaking up for girls.” “We respect the league’s deci- sion to fine and suspend co-own- er Celeste Keaton,” the team said in a statement on Thursday. “We remain committed to cre- ating a welcoming and respectful environment for anyone who at- tends a Storm game.” The Storm apologized for the incident on Wednesday, with ma- jority owner Ginny Gilder saying the team was “committed to cre- ating an inclusive environment
REUTERS
British Open with 64 in quest to finally win a major
Jeeno Thitikul took the first step toward the missing prize of her career Thursday when she opened with a seven-under 64 at Royal Lytham & St. Annes for a two-shot lead over Haeran Ryu and Shiho Kuwaki of Japan in the Women’s British Open. Thitikul, one of only two play- ers to have been No. 1 in women’s world rankings without ever hav- ing won a major, made three straight birdies early in her after- noon round and kept bogeys off her card the rest of the way. The 23-year-old Thai has been overlooked during the LPGA ma- jor season dominated by Ryu and Nelly Korda, who have split the four majors. Korda, who replaced Thitikul at No. 1 in April, won the first two majors and Ryu won the next two. Ryu put herself in good posi- tion to make it three in a row – not since Inbee Park in 2013 has anyone claimed three straight majors – with two birdies on her last three holes for a 66. She won the Women’s PGA at Hazeltine and closed with 60 to win the Evian Championship.
delete the message, but not be- fore it was shared on social media. “While the social media post was intended to be lighthearted, WNBA players are well aware of the league’s policies prohibiting betting on WNBA games and re- ceive training every year rein- forcing those policies,” a league spokesperson said Thursday. “We recognized that the post missed the mark, removed it shortly af- ter it was published, and ad- dressed the matter internally. “We will also use this as an op- portunity to reemphasize with the players involved that conver- sations about wagering on WNBA games, even when in- tended as a joke, can have nega- tive consequences.” The Wings and the Dream both deferred to the league state- ment when asked for comment. The league’s collective bar- gaining agreement states that any kind of wagering is strictly prohibited and that players can be fined, suspended or even dis- qualified from the WNBA at the sole discretion of the commis- sioner. The Dream rallied from a 15- point deficit to beat the Wings 82-81 on Wednesday, with Reese notching 22 points and 12 re- bounds and Bueckers finishing with 16 points and six assists.
where every fan is treated with respect.” A few fans gathered outside the arena ahead of Tuesday’s game for a rally in support of Cunningham and a statewide ballot initiative that would bar transgender students from par- ticipating in girls’ athletics at Washington schools. Cunningham was not made available to the media after the Fever’s 105-95 win but commend- ed the teenage girls on social media on Wednesday. “I truly believe there is a safe space and love for EVERYBODY. Biological girls, biological boys, trans women, and trans men. Ev- eryone is welcome at my table!” Cunningham wrote on X. “Bravo to those girls for stand- ing up for what they believe. … Truly embarrassing of the co- owner. Unfortunately shows the type of leader she is.” A Fever public relations repre- sentative read a statement to re- porters after the game that said neither the organization nor Cunningham had any knowl- edge about the demonstrations and no contact with the organiz- ers.
Korda has work to do. The dominant player through the first week of June, the American star missed the cut at Evian Cham- pionship in the most recent ma- jor, and she couldn’t atone for four bogeys in a pedestrian round of 73. Thitikul had her best chance to win a major at the Evian a year ago when Grace Kim pulled off a stunning playoff victory. She’s yet to contend in a major this year, and she’s off to a great start in the final one. Thitikul has been around so long, even at her age, that she was low amateur in the Women’s Brit- ish Open in 2018, the last time it was held at Royal Lytham & St. Annes. “My strategy is beating my 15- year-old score,” she said. Thitikul shot 12-over 300 that week when Lytham played to a par 72, so that doesn’t look to be a problem. Brooke Henderson of Smiths Falls, Ont., shot 72 to sit in a group tied for 37th, while Vancouver’s Anna Huang fired a 75.
URLA VIRGINIA “GINNY” SCOTT February 27, 1935 May 10, 2026
Urla Virginia “Ginny” Scott, aged 91, died peacefully on May 10th, at Meadowood Manor in Winnipeg, MB.
She is survived by her children, Victoria, Todd and David (Kathryn); her granddaughter, Rebecca; and her cousins, Bill and Carolee Chapman.
She was predeceased by her parents, Phyllis (née Fields) and Fred Foster Todd; and ex- husband, Neil Scott (died 1977).
Born in Sudbury, Ginny attended Ontario Ladies College in Whitby, and graduated from University of Western Ontario in 1957, majoring in English and Journalism.
After a move, she married in 1961 and worked at the Winnipeg Public Library, then from the 1970s to 1990s as the Legal Librarian at Aikins, MacAulay & Thorvaldson.
Ginny was a single parent, cat lover and artist, painting at the Winnipeg Forum Art Centre for 40 years. She loved science fiction and a stiff rye and ginger.
Her funeral was held on May 25th at Mt. Pleasant Cemetery, Toronto, ON.
FUNERAL SERVICES
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JOHN CAMPBELL WATT November 25, 1948 – July 15, 2026 A Loving Tribute to My Soulmate LOOK FOR ME AT POOH CORNER... I WILL WAIT FOR YOU THERE...
How does one say farewell to a soulmate? I suppose one never does... My heart and soul have an emptiness that only you can fill.
Yet thankfully, the sweet memories of you will linger forever gently softening the raw edges of my broken heart and allowing the loss of your huge presence in my life to become almost bearable.
Almost 40 years have flown by since we first met. I vividly remember our chance encounter when I saw you for the very first time. Somehow I knew you, you looked so familiar, but how could you? I had to resist reaching out and asking you “where have you been all this time my old friend?”
This was a very difficult time for me and to say the least I was completely broken. Here I was at my worst and yet you reassuringly smiled at me. Your eyes shone with a deep sparkle full of compassion and kindness. By God’s grace you saw something in me that even I couldn’t recognize. You would tell me years later you saw “a diamond in the rough” shining through all that rubble.
You were born so premature in a wee little seaside town in Northern Ireland that even the nurses didn’t think you could survive. You always defied the odds all your life. You had such a fighting spirit and a sparkle for life that was contagious.
Growing up in the Beaches area of Toronto brought you much joy. You loved hockey, baseball, music, sports cars and finding fun. All your friends would follow you knowing you would always find the party or create one yourself. Anyone who knew you always had a legendary story to tell about you and the laughter you loved to share with others. You were a maverick, fiercely independent, a leader, an organizer, a rogue underdog determined to get things done right, and a loyal friend to all who knew you.
And now here you were with me... sitting across the table that fateful day so long ago...
Having said all that, I know you were not without your own deep scars from the wounds of the past, but for me I was full blown baggage. I sensed when I met you that your spirit was restless. Your old life was in tatters, and you were at loose ends. A new chapter in your life was calling you, and you wanted to go wherever it led. So it was California bound...
Despite our newfound friendship, this was your time to spread your wounded wings and take off with the restless winds. I will never forget how my heart ached when we said our final goodbyes, and you drove off in your old Volvo, a few dollars in your pocket, a heart full of hope and disappeared into the morning mist. I could not blame you for wanting to go it alone... this was your healing journey for you to take...
Against all odds, you called me from Carmel, California, admitting you felt a little lonely and missed my company. I jumped for joy when you asked me to join you on your new adventure. I immediately flew to San Francisco where I couldn’t wait to see you. I felt like I had virtually been sprung out of jail!
This is where our life’s adventure truly started and we have been on this incredible journey together ever since. We have done everything together, sadly until your soul’s passing on Wednesday, July 15th.
Thank you, my beautiful friend, for all the lessons we learned, the roads we travelled, the people we met, the joy, the laughter and the tears along the way. I shall cherish all the sweet memories of just being “us” laughing like kids and sharing the wonder and love of animals and nature... seeing beauty in simple things, our enthusiasm for stupid little things and the deep knowing of each other in the silence of our bond.
You taught me about truly loving someone unconditionally, about kindness and generosity, about loyalty and character, about strength and courage, and above all being a true friend in life right to the end. You were all those things to me and so much more.
Ironically, our journey that began as a quick escape for our souls from the wounds of our past was the very conduit that led us to our own healing... The more we ran from ourselves, the more we realized that the true peace and joy is not out there somewhere, but deep within us just waiting to be discovered. Our journey was fated... kismet... until we meet again my sweet friend. You will always be a sacred part of my soul.
Remember to wait for me at Pooh Corner. You promised me, and you always kept your promises... always... Look for the shady tree in the 100 Acre Woods. I will be waiting underneath it for you... my beautiful friend...
Lovingly forever and always,
Elaine
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THE JEWISH EXPERIENCE IN NORTHERN ONTARIO
Morley Torgov, who grew up in Sault Ste. Marie’s small Jewish community, published his first book, a memoir, when he was 47. He wrote at night and on weekends, as his day job was as a partner in a small Toronto law firm. LOUIE PALU/THE GLOBE AND MAIL
Osgoode Hall-trained lawyer became an author later in life, publishing eight books and winning the Stephen Leacock Medal for Humour twice
FRED LANGAN
orley Torgov was proof that you are never too old to become a published writer. The Toronto lawyer wrote fromanearlyagebutonlypublish- ed his first book, a memoir titled A Good Place to Come From, in 1974 whenhewas47andhadbeenprac- tising law for more than 20 years. He went on to publish seven nov- els,allofthemmarkedbyhissense of humour; his later work, partic- ularly his detective novels, were historical fiction. Mr. Torgov was born on Dec. 3, 1927, in Sault Ste. Marie, Ont., wherehisfatherAllenTorgovrana women’s clothing store and the familylivedinanapartmentabove the shop. Allen Torgov was born in Russia and served in the Russian army for two years in the First World War. After the Bolshevik Revolution in 1917, he slipped into Romania and somehow managed to buy a ticket for Canada. Mr. Torgov’s memoir details his childhood growing up in Sault Ste. Marie’s small Jewish community in the 1930s and 40s. His father worked harvesting wheat in Sas- katchewan, teaching Hebrew in Winnipeg – where he married Sa- rah Jane Colish, the sister of one of his pupils – and then sold suits to miners in Timmins, Ont. Of his father’s arrival in Sault Ste. Marie, he wrote: “The Algoma Steel plant there was taking on hundredsofimmigrantsfromItaly and the Slavic countries. The town held potential riches for a clothing man who didn’t mind working eight days a week, could commu- nicate in the foreigners’ lingo and was fast with a tape measure.” As this excerpt demonstrates, Mr. Torgov’s voice was witty and droll. In 1975, the book won the Stephen Leacock Medal for Hu- mour; it was later adapted into a series for CBC television. He won theLeacockawardagainin1983for his comic novel, The Outside Chance of Maximilian Glick. A film
adaption of the same name later premiered at the Toronto Interna- tional Film Festival. Mr. Torgov died on July 19 at 98. At his funeral, his son-in-law Douglas Steinberg, a screenwriter, said Mr. Torgov always had a sense of humour, even about himself. “Morley was once flown out to Winnipeg to serve as its Jewish book fair’s guest speaker, where he was wined and dined. After all, he was an award-winning Jewish nov- elist, the new Mordecai Richler of Canada, or as Morley dryly self- deprecated, ‘world famous in Can- ada.’ ” When Morley was nine years old,hismotherdiedattheageof34 andhewasraisedbythisfather.Al- len Torgov loved his son, but he could be cranky, eccentric and giv- en to outbursts of foul language. Tales of those traits filled Mr. Tor- gov’s short stories. But his memoir also highlighted his father’s affec- tion, such as an incident when the younger Morley is embarrassed by the fact that his father kissed him while boarding the train to Toron- to for a buying trip. He was a brilliant student and left Sault. Ste. Marie to attend the University of Toronto, graduating in 1950, and then earned a law de- gree at Osgoode Hall Law School. Whilethere,hemetAnnaPearlCo- hen and they were married in 1952. He was only ever seriously ill in the last three months of his life, with one exception, when he con- tracted West Nile virus in 2013. He wrote a humorous piece about that in The Globe and Mail. “I survived (no, this piece is not written posthumously). Unfortu- nately, however, my ability to ren- der a full account of what followed that might be of service to modern medicine is hindered by the fact I was comatose during the crucial first couple of weeks of the three months and two days I spent in hospitals,” wrote Mr. Torgov. He had a wide, eclectic range of interests and an active social life. He belonged to the Lunch Bunch, a group of friends who met in down-
WRITER, LAWYER, 98
town Toronto every weekday at one o’clock in a food court they nicknamed the dungeon. “Morley was a charter member. We were originally six but usually there were eight to 10 of us,” said Henry Campbell. “We talked about everything and the only rule we had was we didn’t talk shop. Mor- ley was always part of the conver- sation because of his terrific sense of humour, and he was writing fe- verishly in those days so we talked about that, events of the day and we told jokes.” He wrote at night and on week- ends. His day job was as a partner in small firm in downtown Toron- to, where he worked on everything from real estate to corporate law. And when it came to his artistic life, he also seemed to do every- thing. “My father was a very creative man. He was always writing even before he was published, such as one-act plays with a friend of his. He was a fantastic cartoonist. Do- ing cartoons and on family birth- days, he would draw on a piece of cardboard that came from the laundry with his shirts,” said his daughter Sarah Torgov, who is an actor. “Morley was also enthralled by classic cars, sculpture, literature, paintings, Woody Allen, Philip Roth, F. Scott Fitzgerald and Mel Brooks. He read practically every- thing. The New Yorker, always, from cover to cover,” said Mr. Steinberg. SarahTorgovsaidherfatherwas a news junkie and kept up on cur- rent events. His family knew not to phone him when he was watching the evening news. “I describe Morley as a Renais- sance man,” said his daughter-in- law,CarrieSchipper.“Classicalmu- sic was his passion. When you walked into his apartment, he was always playing classical music, but he also could keep up with con- temporary music. I mean, if you talked about Drake, he knew who Drake was, and he loved Bob Dy- lan. He went with his family to see
Tina Turner in 1980 at the Royal York.” Mr. Torgov married his love of classical music with his fiction through his character of Hermann Preiss, a detective living in mid-19th century Germany. In one novel, The Mastersinger from Minsk, the detective pursues a famous composer. “In 1868 the plot revolves around Richard Wagner, opera master, world class womanizer and well-known anti-Semite,” wrote reviewer Jack Batten in the Toronto Star. “Is he also a murder- er? That’s the question for Preiss in Torgov’s new book.” Although Mr. Torgov wasn’t ter- ribly observant, most of his books dealt with Jewish themes. One that did not was Stickler and Me, re- viewed by Sharon Abron Draches in The Globe in 2002. “This is a switch for Morley Tor- gov – a coming-of-age novel for young adults and teens focusing on intergenerational relation- ships, particularly between grand- parents and grandchildren, as well as the inner workings of the legal profession,” wrote Ms. Draches. “Torgov believes that Jewish writ- ers in Canada have not received the readership and appreciation they deserve. I mention this be- cause in the current offering, there is not an ounce of Jewish content.” Mr. Torgov loved the cinema, and most Saturday nights he and hiswife,Anna,wouldgotothethe- atre complex at the Manulife Cen- tre in Toronto. He was also an af- icionado of vintage movies and modern comedians. His daughter and son-in-law, who live in Los Angeles, once got him tickets for a taping of Seinfeld. He was over the moon. Morley leaves his wife Anna Pearl; his daughter Sarah Jane Tor- gov and her husband Douglas Steinberg; his daughter-in-law Carrie Schipper whose husband Alexander, Morley’s son, died in 2009; and his four grandchildren.
M
A home built for massive family meals, smaller gatherings, and lone wolves who want to tuck into a good book H4
CAROLYN IRELAND
NEXT MOVE
any home sellers in the Greater Toronto Area are seeing their properties languish on the market for a frustrating length of time this summer, but shrinking supply and more confident buyers are pointing toward a tentative end to the price correc- tion. Unlocking pent-up demand among hes- itant buyers is going to be the key to keep- ing the country’s emerging market recov- ery going, says Robert Hogue, assistant chief economist at Royal Bank of Canada, who sees a gradual but uneven path for- ward. The early signs of stabilization in Onta- rio and British Columbia are encouraging, he says in a research report. Mr. Hogue notes the Canadian Real Es- tate Association’s composite MLS House Price Index posted a flat performance in June compared with May, which marks the first time in 17 months the index remained unchanged. In the GTA, the house price index edged up 0.3 per cent in June from May, which helped to bolster the national result. Sales in the GTA rose 1.4 per cent and new list- ings dropped 3.8 per cent in the same peri- od. Sales and prices in Ontario and British Columbia have been hammered in the
This cottage in Ontario’s Kawartha Lakes region was designed by Dubbeldam Architecture + Design. RILEY SNELLING
This three-bedroom detached house at 2 Bettina Place in Whitby, Ont., was listed in late May with an asking price of $968,000. It conditionally sold at the end of July. AMAZINGPHOTOVIDEO.COM
past few years as other cities have gained ground. The house price index in the GTA drop- ped 5.4 per cent in June compared with the same month last year while sales jumped 9.4 per cent and new listings fell 12.9 per cent in the same period. Mr. Hogue says lower prices, improving affordability and better job prospects in various parts of the country are slowly
[ ARCHITOURIST ]
bringing more buyers to market and drain- ing some inventory. The economist cautions, however, that risks to a sustained rebound include a gloomy geopolitical picture, another ener- gy price spike or renewed deterioration in the job market. Even as supply in the GTA tightens, the buyer pool is also smaller than in years past, which means “days on market” can
be lengthy. According to digital real estate platform Wahi, average days on market in some neighbourhoods was an efficient six to 10 days in June. In the same month in the slowest-sell- ing communities, properties remained on the market for 50 to 126 days on average, according to Wahi. Looking at the macro view, Wahi econo- mist Ryan McLaughlin says the impact of a contraction in immigration at the same time many newly built condo units and apartments became move-in ready has strongly shifted market forces in the GTA and beyond. “There has been this double-whammy effect,” says Mr. McLaughlin, as demand dried up while projects under construc- tion have slowly been completed. Most newcomers to Canada settle in the GTA and Vancouver upon arrival, the econ- omist notes, as permanent residents, tem- porary foreign workers, students and asy- lum seekers often gravitate to the largest cities. In 2024, the federal government an- nounced a sharp reduction in immigration targets as housing, health care and trans- portation came under pressure from rapid growth. “It was a really dramatic policy revers- al,” says Mr. McLaughlin. As a result, Wahi data show homes are slower to sell in many parts of Brampton, Ont., for example, which has a high pro- portion of immigrants.
IRELAND, H2
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Canada’s disclosure rules can be murky
Legislation about home sales in most provinces puts the onus on buyers to pry for details
SALMAAN FAROOQUI
arlier this year, when home- buyers in Hudson, Que., sued the prior owners after discovering a deadly home inva- sion took place in 2020, the case hinged on one major detail: The sellers allegedly didn’t disclose that a violent death had taken place in the house. Quebec is unique in Canada, in that sellers in the province must fill a declaration form that asks these kinds of questions about a home’s past. But in the rest of the country, lawyer Alan Silverstein said dis- closure of a home’s history – such as a murder, suicide or criminal activity that occurred on the property – tends to fall under caveat emptor, meaning “let the buyer beware.” Essentially, the buyer must do their own due dili- gence. There are some exceptions, such as health and safety consid- erations, including the presence of asbestos, which must be dis- closed, Mr. Silverstein said. But there are grey areas, too. Real estate lawyer John Arulda- son cited a well-known case in which Canadian NBA superstar Shai Gilgeous-Alexander’s pur- chase of a multimillion-dollar lakefront mansion in Burlington, Ont., was reversed by a provincial court. The previous occupant of the home was self-described “Crypto King” Aiden Pleterski, who is accused of defrauding investors. Soon after moving in, Mr. Gilge- ous-Alexander learned of an alleged series of threatening visits to the property by those looking for Mr. Pleterski to get their mon- ey back. In that case, the property’s his- tory was legally considered a “latent defect.” In other words, it was a hidden flaw in the function
FROM H1
Mr. McLaughlin notes that inter- provincial migration is also a large factor as many GTA resi- dents flee to Alberta and other provinces for employment and cheaper housing. “They’re seeking out where the better price opportunities are,” he says. Another cohort of buyers is young people starting a family for the first time, he notes. In some cases they are leapfrogging the Greenbelt that rings the GTA and heading for more distant towns and subdivisions such as Cambridge, Ont., and Kitchener- Waterloo. In some cases, commuters are locating in areas with a GO Tran- sit line into the city, but many also drive. “When people do drive, they’re driving farther,” he says. “This COVID era has caused a lot of redistribution of where people are and where they’re driving from.” Now that the big banks, the Government of Ontario and many companies are mandating that workers show up to the office more often, some people who moved to more affordable homes in outlying regions are moving closer to the core – if they can afford it. One challenge is that homes in rural areas have become harder to sell, which in turn makes it harder for those homeowners to buy elsewhere. “There are all of these con- founding things happening at once,” Mr. McLaughlin says. Wahi data show the fastest- selling neighbourhood in the GTA last month was in the subur- ban 905 area code, where homes in Rouge Woods sold in an aver- age of six days. The pocket in the northeast portion of Richmond Hill has highly ranked public schools. In the 416 area code, the en- clave of Wychwood Park posted an average of eight days on mar- ket in June, but the Heritage Con- servation District has notably low turnover. The Sunnylea area in Etobicoke, where many small bungalows have been replaced with infill homes in recent years, saw properties sold in an average of nine days.
Depending on where you live in Canada, buyers might need to do their own due diligence on a house’s history, such as investigating if criminal activity has occurred on the property. GETTY IMAGES
ofthehomethatwasn’tdisclosed. Mr. Silverstein says the current legislation around home-sales disclosure in most of Canada puts the onus on buyers to pry for details, and for sellers to figure outwhatthey’reactuallyrequired to disclose on their own. The Ontario Real Estate Associ- ation, which represents nearly 100,000 real estate professionals, says that while realtors should try to uncover details that could affectaproperty’svalueandrepu- tation, the seller ultimately has no responsibility to divulge these details unless asked. Mr. Silverstein said that in Cali- fornia, there are well-defined rules on every single detail that needs to be disclosed. For exam- ple, a death within the last three years must be disclosed. “We need some clarity, and we don’t have that, and neither do many of the provinces as I under- stand it,” Mr. Silverstein said. Here’s a look at some scenarios that buyers might want to look out for, and if sellers would be required to disclose details about
Potential buyers for this house in Whitby, Ont., gave feedback that while they liked the house they were not a fan of the backyard and the gazebo. Instead they preferred a less landscaped area where their kids could play. AMAZINGPHOTOVIDEO.COM
the history of their properties in those instances.
MURDER AND DEATH
Almostacrosstheboard,murders and deaths don’t have to be dis- closed when selling a home. As a buyer, if the idea of living in a home where a death took place bothers you, the onus is on you to ask. At that point, a seller is required to answer truthfully. Quebecistheexception,where a violent death or suicide in the home must be declared. The strongest challenge of the standards outside of Quebec was in Vancouver, when a seller didn’t disclose that her son-in-law had been gunned down outside of theirmultimillion-dollarhomein an alleged gang-related incident. The buyer, Feng Yun Shao, can- celled the sale upon learning of the murder and demanded her $300,000 deposit back. The seller, Mei Zhen Wang, sued in response. At first, the courts sided with Ms. Shao, saying her deposit
By contrast, the historic Weston neighbourhood in Toron- to, which has a varied mix of upscale and low-income hous- ing, saw properties linger for an average of 126 days. The affluent neighbourhood of Deer Park in midtown also saw lengthy days on market, with an average of 67 in June. In the suburbs, the relatively affordable Queen Street Corridor, just east of downtown Brampton, saw properties sell in 61 days, on average. Davelle Morrison, broker with Bosley Real Estate, sees buyers who want to move closer to jobs in the GTA after moving farther afield during and after the pan- demic.
should be returned because Ms. Wang offered an incomplete description of the house. But a year later, the ruling was overturned on appeal, and the judge said there was no way that Ms. Wang could have known that the buyer might be sensitive to the killing. Brian Madigan, a former law- yer and realtor with Re/Max West Realty Inc., who has frequently been called as an expert witness for client-agent legal disputes, said it’s possible the courts would rule differently if a notorious murder or crime happened on a property. That could include homes such as the one where Paul Bernardo and Karla Homol- ka killed multiple teenagers, or the home where billionaire cou- ple Barry and Honey Sherman were found dead. But in these cases, Mr. Madigan said the home is usually torn down anyway. The St. Catharines, Ont., home where Mr. Bernardo and Ms. Homolka committed their crimes was demolished, as was Mr. and Ms. Sherman’s
Ms. Morrison notes, however, that the search can be slow. During the summer, house hunters often spend their week- ends engaged in sports and social activities. They may only look at properties every second week- end, in some cases, and they are travelling long distances across the GTA. In Whitby, Ont., Ms. Morrison listed a three-bedroom detached house with an asking price of $968,000 in late May. The house with four bath- rooms and a finished basement at 2 Bettina Place is move-in ready with a landscaped back- yard, she says, and there are buyers circulating in the price bracket below $1-million. Many buyers are indecisive,
Toronto mansion.
NEIGHBOURS AND REPUTATION
The courts have also set a prece- dent for the disclosure of certain kinds of neighbours, ruling that they can be considered a latent defect. The case in question was eventually settled out of court, however, so a final verdict wasn’t made. In that case, Mr. Madigan said someone with young children hadpurchasedahomeinOntario, only to learn that it was common knowledge in the neighbourhood that a convicted pedophile lived across the street. The judge ruled that a risk out- side the home can be considered a latent defect, siding with the buyers during the seller’s motion to dismiss the case entirely.
CANNABIS AND METH LABS
One instance in which prior crim- inal activity must be reported in many jurisdictions is when a house was used for an illegal can- nabis growing operation, or for the production of drugs such as methamphetamine. However, the reason has nothing to do with negative perceptions or the dis- comfortabuyermighthaveabout the property’s previous use. Barry Lebow, a realtor in To- ronto, says this kind of drug activ- ity needs to be disclosed because it poses a risk around mould or tampered electrical systems. In one study he was involved in, Mr. Lebow found that homes where a cannabis growing operation took place could lose roughly 20 per cent of their value. The circumstances must be solid to pursue legal action, how- ever. He pointed to one case where buyers had heard rumours from neighbours that there was a grow op in the house. However, Mr. Lebow said disclosure wasn’t necessary because there was no police report, and the neighbours were more than a kilometre away. “You can’t go on rumours,” he said.
and they see little reason to rush, she says. The house was conditionally sold at the end of July. When Ms. Morrison asked for feedback from one set of buyers, they liked the house but com- mented that the backyard with a gazebo is too landscaped. “They really want a backyard where kids can kick a ball around.” The plentiful supply is allow- ing buyers to be choosy, she says. For buyers, the end of summer is a good time to find a bargain in the single-family segment, she says. “If they are on the market in August, they actually do want to sell. Go after those people and negotiate.”
W
Over the past three years there has been a dramatic reversal in what is being built
SHANE DINGMAN REAL ESTATE REPORTER
ith the market for newly built condominium apartments on its knees, real estate developers are discov- ering that pivoting a project to in- stead deliver purpose-built rental requires a wholly different ap- proach. That pivot is accelerating a trend: the number of condomini- ums under construction contin- ues to slide in Canada’s largest market, the greater Toronto re- gion, but the construction of new purpose-built rental apartments is soaring, having surpassed con- do construction for the first time in decades. “At the end of Q2-2026 we had 38,261 condos under construc- tion and 36,328 purpose-built rentals under construction,” said Pauline Lierman, vice-president, market research with real estate analysts Zonda Urban. “I do on- going checks so we can add any new starts in the system. As of the end of last week, July 24, this had flipped – to 38,841 purpose- built rental and 36,635 condo. This changed rapidly during July with an additional 1,626 condos moving into occupancy and 2,513 new rental starts.” It’s a dramatic reversal from just three years ago when at the beginning of 2023 there were
DONE DEAL
2003 2 St. SW, Calgary MISSION
Asking price: $700,000 (April, 2026) Selling price: $715,000 (May, 2026) Taxes: $3,532 (2025) Days on the market: 12 Listing agent: Kamil Lalji, CIR Realty
THE ACTION A few blocks away from 17th Avenue and Fourth Street, this two-bedroom house was open for a handful of preview tours, creating some interest ahead of its formal listing in April. There were five more visitors be- fore one party started purchase discussions. Once word got out that the game was on, two other bidders got involved. The seller accepted an offer $15,000 over asking. “I was surprised we got more than list,” said agent Kamil Lalji. “But for that area, things move fairly quickly if it’s priced appro- priately and you have a good of- fering.”
101,219 condo apartments under construction in the Toronto re- gion, versus just 17,247 rental apartments. The transformation in the market has driven many pure- condo developers to reassess the future of their businesses. In May, Capital Developments put its money and organizational ener- gy behind its own rental pivot by launching Address, a separate company that will focus solely on purpose-built rental. The motiva- tion, according to Address and Capital president Carlo Timpano, is to make it clear that it’s not a condominium company trying to build rental; it’s a development company focused on rental’s unique market challenges. “I think there is a subset who are doing [rental] off the side of their desk, which for me means taking a condo building and just declaring it’s now rental … with the ultimate goal of pivoting back to condo development,” said Mr. Timpano. “If we’re going to do this, we’re going to do this right, and we’re going to send a signal to the market.” About half the sites in Ad- dress’s pipeline of rental devel- opment were originally intended to be condominiums, the others were new acquisitions. But there are many reasons why a building that was intended to be a condo- minium can’t just be turned into a rental building overnight. “In a condo you sell the plan once,” said Michael Tsourounis, co-CEO and managing partner of Hazelview Investments, an own- er and operator of rental build- ings with $11-billion in assets. “In a rental building, as a developer
MICHAEL TSOUROUNIS CO-CEO AND MANAGING PARTNER OF HAZELVIEW INVESTMENTS
In this case, the 115-year-old house was enhanced by art creat- ed and collected by the seller, a textile artist. The home is also in a vibrant community with numer- ous popular restaurants, cafés and shops. “It felt different and unique from a lot of properties, and peo- ple in that area tend to resonate with that more,” Mr. Lalji said.
… you’re selling that building 365 days a year, forever.” Hazelview both buys existing rental buildings – on July 14 it an- nounced it had raised $150-mil- lion from investors to continue shopping – and has about 3,000 units of new rental under con- struction across its portfolio. In June, Hazelview broke ground on a downtown Toronto purpose- built rental building at 383 Cleve- land St. that had initially been in- tended for condo development, but will now include 43 afforda- ble rental and 33 accessible units among the 217 apartments planned.
You’re not trying to maximize everything to profitability on Day 1. Flooring that’s cheap today might have to be replaced four times in 10 years, over that period you spend three times the money.
that’s cheap today might have to be replaced four times in 10 years, over that period you spend three times the money.” Condo builders are also ex- perts at maximizing the dollar per square foot of living space with an eye to shrinking it to the lowest tolerable ratio. However, that efficiency may not wear well over time. “We do 50,000 surveys a year, we like to understand why ten- ants are moving, the answer is never they left because the unit was too big; but they certainly will tell us if it’s too small,” Mr. Tsourounis said. “We have cer- tain design standards where a den can actually be used as a proper home office, we were see- ing in some condos a den was a glorified walk-in closet.” But even before you begin de- signing suites, Mr. Timpano notes that scale and financing expecta- tions from condos must also be altered. The taller a building, the more apartments in it, the higher the construction cost, and Mr. Tim- pano said banks have been hes- itant to extend construction loans to mega-scale rental build- ings because unlike a condo – where the risk falls on the indi- vidual buyers showing up to buy the apartments when construc- tion is complete – a rental build- ing might have to be sold as a sin- gle asset at some point, increas- ing the so-called “takeout risk” for the lender. “Even if you’re a pension fund, at some point you have to be able to have the option to sell that tower to someone and with a 70- storey rental tower you could be
But when Mr. Tsourounis looks at condo sites to convert or condo builders trying to create new rental he has noticed some habits from the condo market crop up. “You’re not trying to maximize everything to profitability on Day 1,” Mr. Tsourounis said of the dif- ference between building condos and building rental. “Flooring
“It’s a super desirable, pedes- trian-oriented, inner-city area, adjacent to the Beltline, which hugs downtown. People love the walkability of the area and its ac- cess to the river pathways.”
WHAT THEY GOT This house has 1,665 square feet of living space, including two bedrooms and a loft on the third floor with vault-
ed ceilings and skylights.
The main floor has an office and separate living and dining ar- eas. A recreation area is down- stairs.
There are three bathrooms, updated windows, a new furnace and roof.
A balcony is accessed from the second floor, and a rear deck and yard are reached through the
looking at a billion-dollar asset,” he said. An example is at 88 Isabella Ave. where Capital had designed a 62-storey condo tower with 800 apartments. When it pivoted the site to rental Address spent al- most 9 months repositioning the site, including scaling down its plans to 49 storeys and just over 700 apartments, numbers that construction lenders are more amenable to in the rental build- ing space. Mr. Timpano said the compa- ny’s determination to plant a flag in rental development took about 12 months to crystalize and gives much of the credit to Cap- ital’s founders Todd Cowan and Jordan Dermer, former execu- tives in the TrizecHahn property empire who spent 10 years in Eu- rope with the TriGranit arm of the company building millions of square feet of commercial and mixed-use real estate prior to the company being sold to Brook- field Properties Corporation and Blackstone Group for US$9-bil- lion in 2006. Capital was launched in Canada in 2007, with backing from former TrizecHahn owner and billionaire Peter Munk, and went on to build about 4,000 condo units with about 2,000 apartments of condo and rental under construction to- day. “It’s their lens and their entre- preneurship that makes the en- tire company excited about tak- ing this next step,” Mr. Timpano said of the Mr. Cowan and Mr. Dermer. “It’s a big, big move, and we wouldn’t be doing it without their support and their leader- ship.”
kitchen.
A driveway is on the 33- by 60- foot lot.
THE AGENT’S TAKE “The owner had done a lot of non-cosmetic work,” Mr. Lalji said. “It was an open can- vas with a good layout for some- one who wanted to do their own cosmetic upgrades.” – SYDNIA YU
F
blends into its surroundings
A visually harmonious recreation property is designed to meet many desires
indingstudiesabouttheben- efits of nature is the easy part; the Canadian Psycho- logical Association’s “Fact Sheet: Benefits of Nature Exposure” sug- gests that anything from “just a few minutes” can “boost atten- tion” and “improve one’s mood,” whileafewhoursaweekhasbeen “linked to better health” and reduces stress hormones. The hard part is carving out a piece of nature to return to week in and week out; of bonding with a par- ticular grouping of rocks, trees and lapping water. Nyla Ahmad and Rob Sandler had a connection with a piece of theKawarthaLakesregion,butno cottage. “We love that it’s on the edge of Kawartha Highlands Provincial Park,” says Ms. Ahmad. “And it’s pretty rare to have a granite-bot- tom lake; the water’s really clear and clean, and so it’s a good spot. We walk through the forest [regu- larly].” To be clear, there had been a cottage here. Owned by Mr. Sand- ler’s parents, it had been where family and extended family would congregate, celebrate and depressurize from the big city. The two-storey, unwinterized cot- tage was purchased the same year Ms. Ahmad and Mr. Sandler start- ed dating, 1986, and, says Mr. Sandler, “about 10 years” after that his parents did a renovation. A contractor with a drinking problem, however, meant there “was no cement and footing; the corner of the cottage was built right into the soil.” That was dis- covered in the mid-2000s, when “we couldn’t open the doors and windows” and “there was mould 10 feet up.” So, after the cottage was bull- dozed, the land sat empty for a decade. And life moved on. As it moved, children grew up, and Ms. Ahmad met architect Heather Dubbeldam through her work. She liked her so much, she hiredhertodoafullrenovationto the couple’s 1938, stone house at Bathurst Street and Eglinton Ave- nueWest.This,luckily,meantthat whenitwasdecidedanewcottage would rise, phoenix-like, on that little piece of paradise, there was no need to go architect-shopping. “So, we called Heather, and she worked her magic,” Mr. Sandler says, “and basically built this beautiful cottage” (the construc- tion was executed by Ortolan BuildingDesignLtd).It’sa“multi- family cottage,” he continues, since “Nyla has a really big family in Toronto, and [there’s] our fam- ily, so we wanted a space where everyone could come up and enjoy, and the place would be really comfortable for little kids [and] for older people.” It wasn’t really magic, corrects Ms. Ahmad: “The project started by us going there, standing on the land, photographing very specific views … and starting with what were the things we wanted to see when we were inside the cottage … and all those trees were mapped out, and then Heather came up with this kind of cross concept [for the floor plan]. She
didareallygreatjobofputtingthe cottage into the forest. … We really did minimize cutting down trees.” It’s true: Even from the drive- way, there is a tantalizing taste of nature through the windows. Walk into the foyer and look ahead to those big sliding doors: It’s almost as if the lake attaches itself to the big deck. Walk in a lit- tle further, and the connection to nature is strengthened left and right via doors and windows at the end of each corridor. Inside the big, shared common room, beautiful maple panelling and built-ins reign supreme over tiny bits of drywall. “This sounds banal, but cottag- es are subject to a lot of humidity being this close to the lake,” Ms. Dubbeldam says. “We have to make sure there are not a lot of things that can get damp and retainmoisture.…It’salsoeasyto maintain.” To maintain the mental health of the various users, it was impor- tant to create zones, inside and out, that allow for massive family meals, for smaller groups to gath- er,andforlonewolvestotuckinto agoodbook.Themanybedrooms offer total independence (the one with bunk beds is great for two pals to have a conversation), and the low-occupancy den that stretches out onto the deck (and therefore sits closest to the water) is where “more books are read than in any other room,” Mr. Sandler says with a grin. Similarly, the multilevel deck offers places for boisterous meal- times as well as shady, solo page- turning under the old tree as it pokes through planks and tou- ches the clouds. “It really does work,” adds Ms. Ahmad. “People can relax and there’s no judgment … go and spend a few hours on your own.” Builtwithpassivehouseprinci- ples in mind, the 2,200-square- foot, un-air-conditioned building can exhaust hot, stale air in sec- onds via its many operable win- dows, doors and clerestories, and, in winter, the above-code insula- tion and two wood-burning stoveskeepspaceswarmandcozy (and unoccupied zones can be sealed off and left at colder temps). And while there are a few stairs uptoonebedroomwingandafew down to the other – the cottage hugs the landscape – a shallow pitch means a ramp can be in- stalled when the time comes: “Accessibility was something that was really important to us,” con- firms Ms. Ahmad. “Even the way that deck is designed – one day we’re going to be old, and I’m still going to want to get down to the lake.” Already a multiple award-win- ner, the Ahmad/Sandler cottage is a textbook example of how to create a visually harmonious space that can perform multiple tasks–especiallyonesthatreduce stress – well and without pre- tense. “The combination of skill and humanity makes such a huge dif- ference,” finishes Mr. Sandler as he digs into his chicken and man- go salad. “I guess just like parent- ing or marriage or whatever, whens**thappensyoureallyfind outaboutthepersonyou’rework- ing with.”
Rob Sandler and Nyla Ahmad hired Heather Dubbeldam to build this cottage in Ontario’s Kawartha Lakes region. PHOTOS BY RILEY SNELLING
This house at 31 Victoria Ave. in Markham, Ont., was designed with a great room that includes a brown-brick fireplace that has double arched openings for the hearth and log storage. The house was used for the pilot of the hit TV show Gilmore Girls, but the rest of the series was filmed on a set, which changed some aspects of the home’s interior. PHOTOS BY WINSOLD Gilmore Girls fans thrill as Toronto-area home goes up for sale
In quaint Unionville, home created memories for its owners and fans of the hit TV series
SHANE DINGMAN REAL ESTATE REPORTER
31 Victoria Ave. MARKHAM, ONT.
Asking price: $3,880,000 Lot size: 66 by 132 feet Taxes: $8,220 (2026) Listing agent: Sylvia Morris, Century 21 Leading Edge Realty Inc.
THE BACKSTORY
The Gilmore Girls house is for sale, and until recently, its current owner didn’t know the first thing about Stars Hollow or the rabid fandom for the early 2000s come- dy-drama. In fact, he didn’t live there at all during the show’s 2000-2007 run. But now that 31 Victoria Ave. is for sale for the first time in 25 years, it’s gone viral on social media. There’s been a wave of in- terest in people coming to see the home. Masood Mohajer is an entre- preneur and world traveller who, in 2002, bought the house in the picturesque Markham, Ont. neighbourhood of Unionville, purely as an investment property. He fell for it during a wintry visit to Toronto to visit family a quar- ter-century ago. It wasn’t until his wife and three children moved into the house in 2010 that he began to re- alize that many of the period fea- tures he treasured were the same pieces of heritage charm that served as the backdrop for the do- mestic dramas and comedies of Lorelai and Rory Gilmore for many years. “They had this sort of sheet about the house. And I remember Ireadthroughit,anditsaidsome- thing about a ‘Gilmore Girl.’ I had no clue what it was, absolutely no clue,” said Mr. Mohajer, who tact- fully avoided answering whether he’s ever actually watched the show. After buying it, he rented it out to a couple of business exec- utives over the next eight years, without too much thought about the whole Gilmore thing. Not that he was unfamiliar with show business; over the years, four films used the home at different times. And Unionville – with its well-preserved main street – has been the site of sever- al TV and film productions, in- cluding the pilot episode of Gil- more Girls filmed way back in 2000. The first big “Ah-ha!” moment came a few years back when there was a Gilmore Girls fan festival in town and the place was swarmed by the show’s admirers. “There was like, thousands of girls walking around the village,” Mr. Mohajer said. By then, he knew this was potential trouble. “I was very deliberate in telling the organizers: ‘Please do not tell themwherethehouseis.’Because
I cannot have a kilometre-long queueofgirls wantingtocomein- to my house.” Nevertheless, at least one en- terprising duo sniffed it out. “There were these two rather demure-lookinggirlsjustwalking up and down, pacing up and down,” in front of Mr. Mohajer’s house. He went to say hello, and in- deed they had an inkling. “They asked me very sort of softly, ‘Is thistheGilmoreGirlshome?’AndI felt so sorry for them, I said, yes, it is. They came in, they had a look at the house. They were from Lex- ington, Ky. – I remember this very clearly – they sent us a hand- stitched blanket as a gesture of thanks.” Happily, the Kentuckians didn’t share the news with the rest of the festival, and that was it in terms of public attention until his house went up for sale last week.
THE HOUSE TODAY
The main entryway will be very familiar to fans: a set of double doors in the middle of the wrap- around porch under a stained- glass transom. Indeed, a few times in the pilot, Rory and Lore- lai walk through these doors into the foyer and through the arched doorway opposite that leads into the main living space. To the right of this rounded portal is a raised dining room, ac- tually the first room in the house depicted in the show: in the pilot, Lorelai is having a conversation with fictional private school Chil- ton Prep about tuition as she walks down the hallway into the great room. The house listing has a virtual tour, and sharp-eyed viewers will note the real space does not exactly match the one in the TV show, at least not after a few scenes in the pilot. In the real house, there’s a built-in bar right next to the en- trance from the foyer and the din- ing room. It’s seen once in the pi- lot, but later on, when the house was reconstructed as a set on the Warner Brothers lot in Burbank, Calif., they removed the bar and put a staircase to the second level in its place. Many times in the
The exterior of the house features a wraparound porch. The raised dining room will be familiar to GIlmore Girls fans, but the kitchen has been recently renovated.
show Rory would traipse down those stairs into the great room, but they do not exist in the real house. That said, Hollywood faithfully recreated all the other features of the real great room, including the brown-brick fireplace with dou- ble arched openings for hearth and log storage. It’s the same to- day as it was in the pilot, and many spikily sarcastic or heartfelt conversations were had in front of its TV clone for eight seasons. This room and the porch that runs along outside it are some of
Mr. Mohajer’s favourite spaces in the house, and he’s done his best to keep as much of it as original as he found it. Flooring and wood- work have been preserved (de- spite one tenant’s bursting of the water pipes in winter), and of course the stained glass and an- tique hardware on the doors. “I even had to go and research how to fix the lock on some of these doors, and I had to go to St. Jacob’s, Ont., to find the people that can specialize in fixing these types of locks,” he said. Mr. Mohajer likens the job of
holding on to the house to the fa- mous advertising slogan of Swiss watchmaker Patek Philippe: You never actually own a Patek Phi- lippe. You merely look after it for the next generation. “So with me in this house, I’m just the custodian of it.” The major exceptions are the kitchen, which is recently reno- vated, some of the bathrooms that have been updated and the basement, which has been fin- ished and is currently kitted out as a primary suite bedroom.
482 Indian Grove, Toronto JUNCTION AREA
Asking price: $1,399,800 (June, 2026) Selling price: $1.7-million (June, 2026) Previous selling prices: $736,250 (May, 2011); $663,000 (September, 2008); $185,777 (July, 1994) Taxes: $7,220 (2026) Days on the market: three Listing agents: Nigel Denham and Penny Brown, Hazelton Real Estate Inc.
THE ACTION This four-bedroom house went up for sale in June, timed to seize the attention of families planning a home pur- chase before the school year begins in the fall. With semi- detached homes in short supply in the area, a dozen parties com- pleted tours over three weekdays. One visitor, ignoring a scheduled date for the sellers to review offers, made a bid $300,200 over the asking price, which the sellers were thrilled to accept. “Market conditions were quite favourable and that market seg- ment was pretty hot at the mo- ment,” agent Nigel Denham said. “Things in areas like the Junc- tion, High Park and Roncesvalles, in the sub $2-millions, were mov- ing very quickly and in multiple [offer scenarios].” This property was also larger
66 Hogarth Ave., Toronto NORTH RIVERDALE
Asking price: $1,699,000 (June, 2026) Selling price: $2,317,000 (June, 2026) Previous selling prices: $870,000 (January, 2009); $410,000 (June, 1999) Taxes: $10,218 (2025) Days on the market: six Listing agent: Scott Hanton, Hanton Real Estate Inc.
THE ACTION This 120-year-old house two blocks south of The Danforth only has two bedrooms and the basement is unfinished. To counter those limitations, it was priced below $1.7-million, letting buyers determine its val- ue. “Buyers were all young fam- ilies looking to stay in the neigh- bourhood or move into the neighbourhood,” agent Scott Hanton said. “There were a few challenges with the unfinished basement, and only two current bedrooms [after] one bedroom was removed, but everything else made up for it.” Six buyers responded with offers, enticed by the home’s prime location between River- dale and Withrow parks, and a short walk to shops and restau- rants. The final buyer paid $618,000 over asking. “We knew we’d get a multiple- offer scenario, even at this price point, and we’d land well over $2-million,” Mr. Hanton said. “This particular street, and this particular pocket of River- dale, is one of those places peo-
WATERFRONT PROPERTY SALE, WANTED
than most, measuring 26 by 167 feet, plus the house itself has 2,222 square feet of living space across three floors, including an eat-in kitchen and a family room addition with skylights and slid- ing patio doors. “This lot was both wide and deep, and it also had a rare drive for up to four cars,” Mr. Denham said. “In terms of the main floor living space, we stood above your typical semi for that price and area.”
WHAT THEY GOTThis brick Victorian preserves plaster mouldings, medallions, stained glass win- dows and knotty pine floors from 1881.
ple have been waiting for years and years [to live on] and will go all out to get a house here.”
WHAT THEY GOT This house has 2,020 square feet of living space, including traditional living and dining rooms, and a family room with a balcony on the second floor.
The kitchen has an exit to a patio and a private driveway fac- ing a lane behind the 26- by 130- foot lot.
There are three bathrooms, including one on the third and lower levels.
There is a formal dining area, and a living room with a gas fire- place.
The roof and furnace were recently replaced, and the bath- room was remodelled on the sec- ond floor.
Another full bathroom is in the basement, along with a laun- dry room and a fifth bedroom.
THE AGENT’S TAKE “It’s a classic, orange brick Victorian with a lot of period details retained,” Mr. Denham said. “It’s a stone’s throw to Dundas and some of the best the Junction has to offer, in terms of shops, restaurants and bars.” – SYDNIA YU
800 King St., W., No. 215, Toronto KING WEST
Asking price: $729,900 (March, 2026) Previous asking prices: $774,900 (September, 2025); $799,900 (June 2025)*under previous agent Selling price: $695,000 (May, 2026) Previous selling prices: $645,000 (August, 2017); $326,000 (October, 2007); $291,000 (July, 2007); $240,000 (January, 2004); $231,0000 (May, 2002); $154,479 (December, 2000) Taxes: $3,272 (2025) Property days on market: 216 Listing agent: Christopher Bibby, Re/Max Hallmark Bibby Group Realty
THE ACTION At the Kings Lofts, a block west of Bathurst Street, sev- eral units were up for sale, includ- ing this one-bedroom-plus-den unit. It was listed with an asking price in the upper $700,000s for five months last year, without finding a buyer. In March, a different agent brought it back to market with a lower price of $729,900, which was around the price that a simi- lar penthouse unit sold at before Christmas. “We ended up using the De- cember sale to help us with the pricing of ours,” said agent Chris- topher Bibby. “Having that wiggle room on the price helps us over a 30- to 60- day span in case someone comes back and says the latest data sug- gests prices have dropped. My re- sponse is often that we know, and we’re flexible and negotiable.” However, the seller declined a low offer early on. In May, anoth- er proposal turned into a $695,000 contract. “We were the only unit that sold this year,” Mr. Bibby said. “We were firm in our expecta- tions right out of the gate because our client hadn’t purchased any- thing and we had just made a big price drop.”
130 Strachan Ave., No. 3, Toronto WEST QUEEN WEST
Asking price: $1,095,000 (April, 2026) Selling price: $1.11-million (April, 2026) Previous selling prices: $395,000 (January, 2004); $287,000 (November, 1999); $196,114 (March, 1999) Taxes: $6,077 (2025) Days on the market: Two Listing agents: Keegan Irwin and Carol Lome, Royal LePage Real Estate Services Ltd., Johnston and Daniel Division
THEACTIONAgentKeeganIrwinap- plied the lessons learned in sell- ingastackedtownhouseinFebru- ary to the sale of this similar, three-bedroom unit in the same complex, about a block south of Trinity Bellwoods Park on Queen Street. In April, he listed it for $1,095,000 with a note stating of- fers would be considered at any time rather than on a specific date. “We found offer dates for prod- ucts like this can scare people away in this market,” said Mr. Ir- win. “If we list a little bit under what we think the house is going to sell for, we usually get that price, but if we list a little bit high, we end up selling a little below.”
701 Oriole Parkway, Toronto YONGE-EGLINTON
Asking price: $995,000 (May, 2026) Selling price: $1,625,000 (May, 2026) Taxes: $8,204 (2025) Days on the market: Six Listing agent: Andre Kutyan, Harvey Kalles Real Estate Ltd.
THE ACTION This nearly 100-year- old house in midtown Toronto backs onto Eglinton Park. It had been slated for a renovation and expansion, but the owner decid- edtosellitinstead,completewith approved plans and permits, as well as a laneway report for the possible addition of a two-storey suite on the 28- by 112-foot lot. Agent Andre Kutyan underpriced the home in May, hoping to spawn multiple offers, as hap- pened with an updated home he sold for $1.65-million two weeks prior. “I needed to go more aggres- sive in the asking price because I knew we’d lose a percentage of buyers over the poor condition of this house,” said Mr. Kutyan.
WHAT THEY GOT In a 26-year-old building, designed only with two- storey models, this unit has 17- foot ceilings and sliding balcony doors in the living room.
A kitchen, a dining area and a powder room are on the main floor. Upstairs, there is a den, one bedroom and a four-piece bath- room.
The unit has one parking spot. Monthly fees of $961 cover utilities, a renovated gym and a party room.
The approach paid off with threeoffersonthetwo-storeyunit coming in within 48 hours. One offer added $15,000 to the asking price, winning over the seller. “It sold really quickly with three offers,” Mr. Irwin said. “It’s quite a big space. It feels like a single-family home tucked away in a nice neighbourhood.”
WHAT THEY GOT This upper-level unit has 1,689 square feet of living space, a street-level entrance and direct access to a private garage through the basement.
From the foyer, a set of stairs leads up to a galley kitchen and combined living and dining area with a Juliet balcony. Across the
THE AGENT’S TAKE “It’s a newly built condo that has loftlike characteristics, like high ceilings and exposed concrete; you don’t see much in the area,” Mr. Bibby said. “Condos in the immediate area are more single level, smaller spaces, more 500- to 600-square- foot units. At 800 square feet, it gave this one a more significant feel and flexibility with two floors.” – SYDNIA YU
rear is a family room with sliding doors to a terrace.
The second floor has a laun- dry closet, two bedrooms and a primary suite with a Juliet balco- ny and a four-piece bathroom. There are two more bathrooms.
Monthly condominium fees are $896.
THE AGENT’S TAKE “Developers have focused on building either pur- pose-built rentals or towers, and these stacked townhouses still give a neighbourhood feel while accommodating density,” Mr. Ir- win said. “For the area, it has pretty low maintenance fees.” – SYDNIA YU
I
community that started a trend
Windsong celebrates 30 years, as interest in collaborative living is getting a second wind
KERRY GOLD VANCOUVER
n Langley, B.C., around 70 peo- ple gathered on a recent Sat- urday to celebrate 30 years since the opening of the Wind- song co-housing community, the first project of its kind in Canada. The movement has grown slowly over the past three dec- ades. There are now 24 co-hous- ing communities across the country, most of them in B.C. But the housing model is getting a second wind – with 21 more com- munities across Canada in the development pipeline, according to the Canadian Cohousing Net- work. Members say the surge in interest speaks to the housing crisis but also a need for better connection with neighbours, a way of life lost to vertical living, where interactions are often lim- ited to a few seconds in an eleva- tor. Co-housing involves a group of buyers getting together to pur- chase a property and act as the developers to build their own homes. The homes are market value, but they’re designed and collaboratively managed so that the residents can choose how they want to live within the com- plex. Most value shared ameni- ties, such as play areas, work- shops, gardens, music rooms, guest suites, dining areas, and a community approach to helping each other out. That sharing of resources gives co-housing the affordable edge over the usual strata complex, said Howard Sta- ples, who came up with the idea with his wife, Miriam, in 1990. She had given him the seminal book on the subject for his birth- day: Cohousing: A Contemporary Approach to Housing Ourselves, by the Americans who coined the term “co-housing,” Chuck Dur- rett and Katie McCamant. “Well, that was it, we just had to do it,” said Mr. Staples. He add- ed: “We had no idea what we were doing.” The founding members knew enough to get publicity in the lo- cal newspaper, which generated a lot of interest and helped them find buyers. They also brought on an experienced contractor, who led them through the building process. They invited the Amer- ican experts who had inspired them, Mr. Durrett and Ms. McCa- mant, to come up and help them plan and establish goals for the community. Ron Usher was one of those early buyers who, at the time, was living in a rental house with his young family in Point Grey. Mr. Usher said he was keen to be part of a housing model import- ed from Denmark and new to Canada. He even gave the com- munity its name. “I remember feeling like every real estate sign between down- town and Blanca Street was a slap in the face,” he said. “I wanted to have something more, and it wasn’t just a financial thing. I wanted some sense of communi- ty.”
DONE DEAL
4172 Welwyn St., Vancouver CEDAR COTTAGE
Asking price: $1,236,000 (March 18) Selling price: $1,236,000 (March 30) Monthly fee: $250 Taxes: $3,869.77 (2025) Days on market: 12 Listing agents: Olivia Xue, Re/Max Crest Realty
THE ACTION Families who can’t af- ford detached houses and who find most condo units too small have been driving the town- house market. East Vancouver has been outperforming the rest of the Vancouver market, said listing agent, Olivia Xue. The seller received one offer at asking price on the unit, and four groups had expressed inter- est. “Buyer confidence has im- proved significantly compared with the past two years,” said Ms. Xue. “It’s been driven by stable mortgage rates, buyers accepting the current pricing and pent-up demand from households that
In Langley, B.C., around 70 people gathered on a recent Saturday to celebrate 30 years since the opening of the Windsong co-housing community, the first project of its kind in Canada. RON USHER
What was cool about it was this was not built by a developer to sell, so all kinds of decisions were made that were for the long-term use of the place – the long-term maintainability.
that were for the long-term use of the place – the long-term main- tainability. At the time, you’ll re- call we’d had the ‘leaky condo’ crisis,” he added, referring to the multibillion-dollar disaster of the eighties and nineties that saw thousands of condominiums spring leaks due to design and building code failures. And their project raised a lot of concern with the neighbours, he said. “They had all kinds of ideas about it, fearful it was a bunch of drugged-out hippies moving in next door.” The Staples raised their family in their three-bedroom unit. To- day, they’ve converted the two bedrooms downstairs into a rent- al, which serves as income for the retired couple. Other people have sold off their bigger units and downsized to smaller units. Their daughter, Lani Evers-Staples, is a realtor who handles any Wind- song listings. She’s listed a four- bedroom, two-bathroom town- house in Windsong for $739,900, plus $553 a month for mainte- nance fees. The updated unit is only 1,324 square feet. Co-hous- ing units are on the smaller side because of the shared amenities, said Mr. Staples. Anyone can buy into the pro- ject. Residents don’t vet buyers. But most people are a fit because they’re already community- minded, said Mr. Staples. Resident Caryn MacDonald purchased her co-housing unit
RON USHER ONE OF THE EARLY BUYERS IN WINDSONG
He quickly realized from the response that they’d tapped into an unmet demand. But the group of buyers also realized that the complexity of developing a prop- erty was onerous, and it wouldn’t be cheap. Only the most dedicat- ed made it through the five-year process, which required a lot of negotiation and consensus. After an extensive search, they settled on a 5.8-acre field in a sub- urban area north of Highway 1, in the Walnut Grove neighbour- hood. Canada Mortgage and Housing Corporation helped fi- nance the property. Mr. Usher re- calls walking around the proper- ty and the Department of Fisher- ies and Oceans showing up to tell them that about four acres of the land was off limits because a salmon stream flowed through it. That meant the group had to condense their design for the 34 units with stacked housing and underground parking. The archi- tect designed an indoor “street” under a cathedrallike glass roof spanning 10,000 square feet. The surrounding area became a pre- served forest. The design won them a Gold Georgie Award for Best Environmental Achieve- ment. “We were endlessly dealing with trade-offs,” said Mr. Usher, who paid $215,000 for his three- level stacked home with an un- finished basement. “What was cool about it was this was not built by a developer to sell, so all kinds of decisions were made
specifically because it’s part of a community. She bought into Compass Commons, which will open its doors in October and be- come Langley’s second co-hous- ing community. The Burlington, Ont., resident has been meeting with members of the Compass community since 2021, planning and designing its 40 units and public spaces. She wanted to move out west to be closer to her grown children, but because she doesn’t know anyone else in B.C., she also wanted to be part of a community. After an online search, she discovered Compass Commons. Instead of dreading the turmoil of relocation to a new city, she said she’s excited to be embracing the next chapter. She’s listed her Burlington condo and will continue working as a personal coach in Langley. Instead of dreading the upheaval and isolation of relocation to a new city, she’s excited to be mov- ing in a few months. “My friends from here say, ‘That’s really courageous of you, moving out there by yourself,’ but I already feel like I’ve got a group of people that I know, or at least a foundation to move to,” said Ms. MacDonald. “I’m looking forward to just sitting around and kind of having conversations with people, hav- ing a coffee or a glass of wine af- ter work, and just hearing about people’s stories or just making that kind of connection. People want that.”
had postponed moving.” The buyers are a young family.
WHAT THEY GOT This bright corner townhouse is part of a six-unit, boutique strata complex in Van- couver’s Cedar Cottage neigh- bourhood, not far from the shops of Commercial Drive and Trout Lake.
The four-bedroom, three- bathroom, three-level unit has an open concept layout, a large kitchen, gas fireplace and private front yard with a patio off the dining room.
The strata unit measures 1,549 square feet and is open, white-walled and airy, with lami- nate floors and pot lights throughout the living area.
本次翻译在绝大多数新闻正文部分表现出极高且专业的水准，术语准确，语句流畅。但该 PDF 包含大量非结构化数据（广告、房产列表、侧边栏），在处理这些碎片化区域时出现了严重的缺陷，包括大量乱码、关键内容缺失以及严重的逻辑混淆。
、$2、$），导致价格、款项和产品信息完全无法阅读。B14, B1, A12 等直接保留英文，虽为页码，但缺乏统一处理。...建立 and 强化...，未能翻译 and。[SPORTS] 区域的部分标题或引导词在翻译件中被简化或位置偏移。“此前推迟了搬家。” 买家是一个年轻家庭。 这一段，在原文中该部分属于另一篇房产报道的碎片，但翻译件将其直接接在 Caryn MacDonald 的故事之后，导致语义完全不通（Hallucination/Misplacement）。4172 Welwyn St. 的房产交易细节（【行动】、【房屋概况】）被强行插入在 Windsong 共同居住社区的故事中间，完全破坏了原文档的版面逻辑。Irwin 先生说，但该段落描述的是 Andre Kutyan 代理的 701 Oriole Parkway 项目（见 Page 2 底部与 Page 40 混淆部分），翻译将不同房产项目的代理人姓名与评价混淆。One Project, One Process 翻译为 “一个项目，一个流程” 虽正确，但其后的 regulatory streamlining process 在某些段落被简化。温哥伐 (Wongovah?) 是一个明显的拼写/翻译错误，应为 温哥华 (Vancouver)。[[IMG_XXXX]] 等内部占位符，属于典型的交付缺陷。结论：存在阻塞性问题 (Blocking Issues Found) 虽然长篇新闻报道的翻译质量很高，但由于Page 2 的全面乱码以及Page 40 的内容严重错位/混淆，该版本不能用于正式交付。建议重新处理 PDF 的 OCR 解析逻辑，特别是针对多栏布局和广告区域的提取。