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Magna International reviewing records after charges against Stronach

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TORONTO – Magna International Inc. says it has launched a targeted review of its historical records in response to sexual assault charges against founder Frank Stronach.

Magna spokeswoman Tracy Fuerst says the review process is complicated because of the passage of time.

Fuerst says that if relevant information is found, the company, which is not facing any criminal or civil allegations, will follow a strict protocol to respect the legal rights of all and co-operate with authorities.

To date, the auto parts company’s internal document review has discovered one settlement involving a historical harassment allegation against Stronach and Magna Entertainment Corp. that had already been reported.

Stronach gave up control of Magna in 2010 and stepped down as chairman in 2012.

He faces charges including rape, attempted rape, indecent assault, forcible confinement and sexual assault in connection with alleged incidents that date as far back as 1977. Stronach has said he is not guilty and that he will fight the charges.

This report by The Canadian Press was first published Oct. 3, 2024.

Companies in this story: (TSX:MG)

The Canadian Press. All rights reserved.

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Enbridge to build new oil and natural gas pipelines in Gulf of Mexico

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CALGARY – Enbridge Inc. says it will spend about US$700 million to build new crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the Kaskida development, operated by BP Exploration & Production Co.

The crude oil pipeline, named the Canyon Oil Pipeline System, will have a capacity of 200,000 barrels per day and originate in the Keathley Canyon area of the gulf.

It will deliver crude to the existing Green Canyon 19 platform, operated by Shell Pipeline Co. LP for ultimate delivery to the Louisiana market.

The natural gas pipeline, named the Canyon Gathering System, will have a capacity of 125 million cubic feet per day.

It will connect to Enbridge’s existing Magnolia Gas Gathering Pipeline.

The company says detailed design and procurement activities are expected to start early next year with the pipelines expected to be operational by 2029.

This report by The Canadian Press was first published Oct. 3, 2024.

Companies in this story: (TSX:ENB)

The Canadian Press. All rights reserved.

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TC Energy launches South Bow Corp. as independent crude oil pipeline business

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CALGARY – TC Energy Corp. has completed its spinoff of South Bow Corp., its crude oil pipelines business, as an independent company.

The new company, which will be headquartered in Calgary with an office in Houston, will be led by Bevin Wirzba, formerly the executive vice-president for TC Energy’s natural gas and liquids pipelines business.

South Bow will run TC Energy’s crude oil pipelines business, including the critical Keystone pipeline system.

The move is the result of a strategic review in which the Calgary-based TC considered its options including the potential sale of the oil pipelines business.

Spinning off the oil pipelines business, which has long-term committed contracts with oil shippers, will give South Bow the chance to use its robust cash flows to pay down debt and enhance shareholder returns, while TC Energy will become a growth-oriented company focused on natural gas.

TC Energy — which has natural gas transportation infrastructure in Canada, the U.S., and Mexico — is bullish on the future of the commodity, in particular the potential for growth spurred by demand for liquefied natural gas (LNG).

TC Energy also has plans to look at new, low-carbon energy opportunities such as nuclear and pumped hydro energy storage.

The company has been under scrutiny by analysts and credit ratings for its significant debt load as well as for cost overruns on the Coastal GasLink pipeline project, which was completed in the fall of 2023.

TC Energy shareholders voted in favour of the spinoff of the crude pipelines business in a vote in June.

South Bow common shares were distributed Tuesday to TC Energy shareholders of record on Sept. 25. Shareholders received one South Bow common share for every five TC Energy common shares owned.

South Bow’s common shares are expected to start trading on the Toronto Stock Exchange on Wednesday under the ticker symbol SOBO. Trading on the New York Stock Exchange is expected to start on or about Oct. 8.

This report by The Canadian Press was first published Oct. 1, 2024.

Companies in this story: (TSX:TRP, TSX:SOBO)

The Canadian Press. All rights reserved.

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Image Is Everything; Hence, Your LinkedIn Banner’s Importance

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Why do I keep seeing LinkedIn profiles with an empty banner and/or no profile picture? Are these people oblivious to the importance of a first impression, or do they just not care?

You, I, and everyone judge; hence, we live in a judgemental society. Your image, which shapes how people view you, is everything.

You can’t claim to be a serious job seeker if you’re not taking advantage of LinkedIn’s visual opportunities to optimize your profile to make a strong impression. When it comes to social media content, visuals are scrolling-stoppers. Aside from your profile picture, your LinkedIn banner is the first visual people see.

View your LinkedIn banner as a billboard strategically placed at street level, which you can use to capture the attention of passersby who may have a potential opportunity. (In a previous column, I wrote that opportunities exist all around you; the caveat is they’re attached to people.) Advertisers spend a great deal of money to have billboards with a captivating visual and compelling message, making the point that billboard advertising is a good investment for driving traffic to their offerings. Your LinkedIn banner—your billboard—is free, so why not use it to market yourself to employers?

If your LinkedIn banner is currently blank, hopefully, you’re now convinced that leaving it blank is likely costing you job search and career opportunities, and you no longer want to leave it blank. Here are instructions on how to create a LinkedIn banner using Canva, a user-friendly graphic design tool that offers various customization options.

 

Step 1: Create a Canva account

 

Canva offers both free and paid plans. Their free plan is more than adequate to design your LinkedIn banner. Go to Canva’s website and sign up using your email address or social media account.

 

Step 2: Choose the LinkedIn banner template

 

In the Canva dashboard, type in ‘LinkedIn Background Photo’ in the search bar at the top to find a LinkedIn banner template. Canva offers a variety of pre-made templates—as I write this, there are 7,203 LinkedIn banner templates (Canva Pro)—that are optimally sized for LinkedIn, which is 1584 x 396 pixels. Alternatively, you can use Canva to create your LinkedIn banner from scratch.

 

Step 3: Customize the template

 

Here’s where the fun begins; experimenting with all the templates and conveying your message to employers. Canva provides an interface that allows you to customize your banner template in multiple ways.

 

  • Edit text: Click on the text elements in the template to change them. You can modify the text, fonts, colours, and sizes to match your personal brand or professional style. Ensure that the text is concise, relevant, and legible.
  • Add elements: Shapes, lines, icons, illustrations, and other design elements, which Canva offer a wide variety of, can be included in your banner. When used strategically, these will make your banner more visually appealing and emphasize specific aspects of your personal or professional brand.
  • Upload your own images: Nothing will personalize your LinkedIn banner more than incorporating your own images, such as a picture of you in your work environment or enjoying your hobby, a logo or any other relevant images, into your banner.
  • Change the background: You can change your banner’s background to reflect your profession, industry and personality. Canva offers a multitude of colours, gradients, and images, allowing you to create an eye-catching, scroll-stoping background.

 

If you’re actively job searching, consider adding your contact information and, at the risk of adding fuel to the ongoing LinkedIn’s #OPENTOWORK green banner feature, announcing you’re looking for your next opportunity or available ‘for hire.’

 

Step 4: Maintain consistency

 

When designing your LinkedIn banner, ensure it aligns with your personal brand and harmonizes with your profile picture. Consistency in design and branding is critical to creating a strong professional image on a social media platform. It’s important to avoid having your profile picture’s colour conflicting with those in your banner and vice versa.

 

Step 5: Review and adjust

 

Before finalizing your LinkedIn banner, take a moment to review your design. Check for any typos, ensure the banner is eye-catching, and convey the message you want to send to your LinkedIn network and hiring managers. Your banner should show your intention and indicate that you’ve taken a thoughtful and strategic approach to your profile.

 

Step 6: Download your new LinkedIn banner

 

Once you’re satisfied with your banner, click the download button in the upper-right corner of Canva’s interface. You’ll be prompted to choose the file format; select PNG for the best image quality. Once downloaded, your banner can be uploaded to your LinkedIn profile.

Similar to how advertisers run campaigns for a period of time, updating your LinkedIn banner every quarter is an effective way to get noticed. Aside from updating your banner to reflect different aspects of your abilities, you may also want to consider updating your banner image to reflect a relevant seasonal or holiday theme—autumn, Thanksgiving, Christmas or whatever holidays you celebrate. A visually compelling banner isn’t just an accessory; it’s a powerful tool in your job search arsenal, especially since, more than ever, image is everything.

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers “unsweetened” job search advice. You can send Nick your questions to artoffindingwork@gmail.com.

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