adplus-dvertising
Connect with us

Business

Indigenous hockey player’s dad rejects report on verbal abuse

Published

 on

WAYCOBAH, N.S. — An investigation into allegations an Indigenous hockey player faced racist taunts during a recent game in Cape Breton concluded the verbal abuse did occur but that it was not based on race.

The player’s father, however, rejected the report’s findings on Friday, saying Hockey Nova Scotia shouldn’t be telling his teenaged son how he should feel about what happened on the ice.

Phillip Prosper says his 16-year-old son, Logan, was playing in a game in Cheticamp, N.S., last December, when his son heard a member of the rival team say: “All natives look like turds.”

Prosper said the hockey association’s risk management committee determined a player had indeed said those words — but concluded the remark was not racist.

“It’s 100 per cent racial,” said Prosper, whose family is from the Waycobah First Nation in Cape Breton.

“My son Logan thought it was racial that day. That’s what made him upset. He still thinks it’s racial now, and so do I … Hockey Nova Scotia’s investigator told us that everything that Logan said (he heard) was said to him — but it wasn’t racial.”

Hockey Nova Scotia’s risk management committee did not make its report public. It is unclear how the committee decided the comment was not based on race.

Prosper said he didn’t receive a copy of the report, either. Instead, the lead investigator presented the findings to him verbally during a meeting last Thursday at the community hall in Waycobah.

“(Logan) is just wondering how an association or anybody else for that matter can dictate to him how he should feel about a particular comment,” Prosper said. “How are they able to dictate to us what we should feel about this?”

Amy Walsh, Hockey Nova Scotia’s executive director, said she couldn’t comment on the report because it involves a minor.

“For us, any insult involving race, gender or sexual orientation has no place in our game,” she said in an interview Friday. “Any discrimination has no place in our game.”

Walsh said her volunteer organization, which oversees 17,000 players, has assembled an anti-discrimination task force that includes a human rights lawyer and representatives from the Indigenous, African Nova Scotian and LGBTQ communities.

“We’re encouraging anyone who is on the receiving end of discrimination to come forward,” she said, adding that the number of disclosures is on the rise. “Individuals are being courageous and coming forward.”

Hockey Nova Scotia issued a memo earlier this week telling players, parents and coaches there has been “an upward trend in reports of verbal abuse on and off the ice at our rinks in Nova Scotia.”

Prosper said he’s considering filing a complaint with Hockey Canada or the Nova Scotia Human Rights Commission.

“I don’t know how much more (Logan) wants to fight it,” he said. “A lot of people want us to continue it because so much positive was coming out of it.”

After the incident became public, Logan received an outpouring of support from peers and professionals, including a pep talk from former NHL forward Akim Aliu.

Aliu recently accused former coach Bill Peters of using racial slurs against him during the 2009-10 season of the American Hockey League. Peters has since resigned as head coach of the Calgary Flames.

Minor hockey players from across Canada have expressed their support for Logan by wrapping red tape on the blades of their sticks.

Earlier this week, the hockey association representing the team that faced the original allegations issued a statement saying it was relieved by the findings.

The Northside District Minor Hockey Association said it believes the report “has created an opportunity to reinforce the importance of respect in sport among our association, players, and supporters.”

“Our association strives to provide a safe and supportive place for all hockey players to flourish, not only as athletes but as people.”

Source link

Business

Japan’s SoftBank returns to profit after gains at Vision Fund and other investments

Published

 on

 

TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.

Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.

Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).

SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.

The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.

WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.

SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.

SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.

SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.

The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.

___

Yuri Kageyama is on X:

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

Trump campaign promises unlikely to harm entrepreneurship: Shopify CFO

Published

 on

 

Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.

“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.

“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”

Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.

On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.

If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.

These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.

If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.

However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.

He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.

“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.

Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.

The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.

Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.

Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.

Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.

Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.

Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”

In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.

“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:SHOP)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Business

RioCan cuts nearly 10 per cent staff in efficiency push as condo market slows

Published

 on

 

TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.

The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.

The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.

RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.

The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.

RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.

This report by The Canadian Press was first published Nov. 12, 2024.

Companies in this story: (TSX:REI.UN)

The Canadian Press. All rights reserved.

Source link

Continue Reading

Trending