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General Motors and Unifor reach tentative agreement at CAMI plant

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LONDON, Ont. – General Motors Canada and Unifor reached a tentative agreement Wednesday at the company’s CAMI assembly plant in Ingersoll, Ont.

Details of the new contract, which is subject to ratification, were not immediately available.

The union had said when the contract began that its priorities would be wages, job security and better pension plans.

“We had very clear goals heading into bargaining set by our members and I believe that we have reached a tentative agreement that reflects those goals,” said Mike Van Boekel, Unifor Local 88 plant chair.

Unifor represents about 1,300 employees at the plant.

The workers build Chevrolet BrightDrop electric delivery vans and battery modules.

The union says a ratification meeting is set for Sunday.

The tentative agreement follows a deal last year between Unifor and GM that covered workers at the company’s assembly plant in Oshawa, Ont., engine and transmission plant in St. Catharines, Ont., and a parts distribution centre in Woodstock, Ont.

This report by The Canadian Press was first published Sept. 18, 2024.

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Corus announces two new lifestyle networks after Rogers scoops Food Network and HGTV

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Corus Entertainment has announced two new lifestyle brands following the loss of Canadian content rights for Food Network and HGTV to Rogers Communications Inc.

Flavour Network and Home Network will launch Dec. 30, offering a blend of original Canadian programming and international content acquired through new and expanded licensing agreements.

The broadcaster says original shows that were meant for Food Network Canada and HGTV Canada will air on the new networks.

That includes new seasons of “Renovation Resort,” Scott McGillivray’s “Scott’s Vacation House Rules” and Pamela Anderson’s “Pamela’s Garden of Eden.” Flavour Network will also carry Anderson’s new series “Cooking with Love,” as well as returning shows “Top Chef Canada” and “Carnival Eats.”

Home Network will air fresh titles including “Building Baeumler” with Bryan and Sarah Baeumler, “Rentovation” with Natalie Chong and “The Big Burger Battle” with Andrew Phung.

Corus announced in June that it will lose the rights to several key Warner Bros. Discovery brands including HGTV, Food Network, Cooking Channel, Magnolia Network and OWN at the end of the year. Those brands move to Rogers in January.

Corus says Flavour Network and Home Network will replace the current channel positions of Food Network Canada and HGTV Canada next year.

The broadcaster says more programming details and new series will be announced later this year.

This report by The Canadian Press was first published Sept. 18, 2024.

The Canadian Press. All rights reserved.



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Rogers Communications to buy out Bell’s share of MLSE for $4.7 billion

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TORONTO – Rogers Communications Inc. is buying out Bell’s 37.5 per cent share of Maple Leaf Sports & Entertainment for C$4.7 billion, giving it 75 per cent ownership of the sports conglomerate.

Rogers and Bell had held equal shares of MLSE, which owns the NHL Maple Leafs, NBA Raptors, CFL Argonauts, MLS Toronto FC and AHL Marlies.

MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns a 25 per cent stake in MLSE. OMERS, a Canadian pension fund, purchased a five percent indirect stake in MLSE in the summer of 2023. through a 20 percent direct stake in Kilmer Sports for US$400 million.

“MLSE is one of the most prestigious sports and entertainment organizations in the world and we’re proud to expand our ownership of these coveted sports teams,” Rogers president and CEO Tony Staffieri said in a statement. “As Canada’s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy.”

Rogers, which owns Sportsnet, already owns Major League Baseball’s Blue Jays and its Rogers Centre home.

The proposed sale puts the value of MLSE in its entirety at C$12.53 billion. Bell said the transaction is expected to close in mid-2025.

In a separate statement, Bell said it plans to use proceeds of the sale “towards reducing debt levels and to support its ongoing transformation from telco to techco with a focus on core growth drivers.”

Bell, which owns TSN, will continue to air games.

Rogers says the deal, subject to league and regulatory approvals, provides Bell with the opportunity to “renew its existing MLSE broadcast and sponsorship rights long-term at fair market value.” This includes access to content rights for 50 per cent of Maple Leafs regional games and 50 percent of Toronto Raptors games for which MLSE controls the rights.

Bell says it has secured content rights for the Leafs and Raptors on TSN for the next 20 years through a long-term agreement with Rogers, subject to league approval. TSN will also continue to broadcast Argonauts and Toronto FC games through independent agreements with the respective leagues.

“We are proud of our time as co-owners of these iconic sports teams, and through this agreement have ensured that fans can count on Bell’s continued support of their teams,” Mirko Bibic, president and CEO of BCE Inc. and Bell Canada, said in a statement. “Today’s announcement demonstrates that we are focused on creating the financial flexibility to support our ongoing transformation and core growth drivers.”

Bell remains official telecom sponsor of the Raptors and will continue sponsorships of the Argonauts and TFC.

The sale, if it goes through, would likely streamline MLSE decision-making.

Rogers and Bell reportedly did not see eye to eye on the merits of a WNBA franchise, with Tanenbaum eventually securing a Toronto team under the Kilmer banner.

“MLSE has been fortunate to have one of the very best ownership groups in sports and entertainment for many years and it has led to MLSE becoming one of the leading organizations in our industry,” MLSE president and CEO Keith Pelley said in a statement.

“As an organization, we are grateful for their contributions, and we remain fully focused on our priorities and further driving a championship mentality across MLSE.”

Rogers said the purchase will not affect its debt leverage “and financing will include private investors.”

“MLSE continues to appreciate significantly, and together with our sports and media assets, we plan to surface more value for shareholders long-term,” said Staffieri. “This agreement also ensures long-term Canadian ownership and investment of these iconic teams.”

Rogers also has “strategic partnerships” with the Vancouver Canucks, Edmonton Oilers, Calgary Flames and NHL. When the transaction closes, Rogers will be the largest owner of MLSE with a controlling interest in 75 per cent of MLSE.

Rogers and Bell closed their deal to acquire an ownership position in MLSE in August 2012 after announcing the purchase from Ontario Teachers’ Pension Plan in December 2011 via a C$1.07-billion bid.

In acquiring 75 per cent equity ownership in MLSE, they formed a holding company to govern their combined ownership position.

At the time, Kilmer Sports increased its 20.5 percent ownership stake to 25 percent.

Whether Rogers looks to expand its share even more remains to be seen. Under their ownership agreement, Rogers and Bell reportedly had the right to buy out Tanenbaum by July 2026.

While not one for the limelight, Tanenbaum has represented the Raptors at the NBA’s board of governors and the Leafs with the NHL.

Follow @NeilMDavidson on X platform, formerly known as Twitter

This report by The Canadian Press was first published Sept. 18, 2024



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In the news today: Foreign interference inquiry resumes, Indigenous artist recognized

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Here is a roundup of stories from The Canadian Press designed to bring you up to speed…

Inquiry to hear from MPs targeted by meddling

A federal inquiry into foreign interference is slated to hear today from current and former politicians who have been singled out by meddlers.

Former Conservative leader Erin O’Toole, Conservative MP Michael Chong and New Democrat MP Jenny Kwan have all been identified publicly as targets of interference by China.

The inquiry’s latest hearings are focusing on the capacity of federal agencies to detect, deter and counter foreign meddling.

The hearings, scheduled to continue through Oct. 16, will be somewhat broad in scope, examining democratic institutions and the experiences of diaspora communities.

Ontario byelection could be tight race

Voters in an eastern Ontario riding head to the polls Thursday in a provincial byelection that may end up being a tighter race than its recent electoral history would suggest.

The Bay of Quinte riding has only been vacant for a month, since cabinet minister Todd Smith resigned, but Premier Doug Ford called the byelection just five days after Smith announced his abrupt departure.

Smith had represented the Bay of Quinte riding since 2018 — as well as one of the two ridings it was created from since 2011 — and won with nearly 50 per cent of the vote in the last two elections.

But the Bay of Quinte’s predecessor ridings have also elected Liberals in the recent past, and Smith’s stronghold on the riding through four elections was at least partly due to his status as a very well-liked representative, said Mitch Heimpel, director of policy at strategic communications firm Enterprise Canada and a former staffer for Smith.

Wealthsimple says it’s profitable, revenue jumping

As Wealthsimple marks a decade in operation, the financial platform is disclosing for the first time that it’s profitable as its revenue and assets jump.

The company that started as a robo-advisor has been steadily adding investment capabilities over the years, as well as more bank-like features as it tries to lure customers away from the established players.

Wealthsimple’s suite of offerings, which include everything from no-commission trading to the recent addition of mortgages, has helped it amass more than $50 billion in assets, roughly double what it had a year earlier.

The private company, in which Power Corp. of Canada and related entities own a controlling stake, said its second-quarter revenue of $129 million was up 88 per cent from last year as it counts more than three million customers.

N.B. man has heart attack as E.R. closes its doors

Grant Jordan was driving to a friend’s house on Aug. 31 when he started feeling tightness in his chest. He immediately returned home and asked his wife, Naomi, to take him to the hospital, a five-minute drive away.

They arrived at the Sussex Health Centre at 8:48 p.m., but the hospital in southern New Brunswick had closed 18 minutes earlier — the result of a “temporary” change made two years ago. Using an intercom, Jordan told a hospital employee that he thought he was having a heart attack.

“And they said, ‘Well, we’re closed. So if you want, I can call 911 for you,'” Jordan, 49, said in a recent interview from his home in Piccadilly, N.B., recalling how he had to retreat to the parking lot, pain radiating through his jaw and elbows and ears.

It was 9:24 p.m. by the time an ambulance arrived. At the hospital in Saint John, 75 kilometres away, Jordan was immediately taken to an operating room where two stents were inserted into arteries leading from his heart.

Zoo conference focusing on need for conservation

Zoos and aquariums around the world need to undergo an evolution from just focusing on entertainment to conservation in order to remain relevant with the public, an international conference has been told.

The Wilder Institute/Calgary Zoo is hosting more than 2,000 zoo professionals from around the world at the Association of Zoos and Aquariums annual conference. It’s the first time the event has been held outside of the United States in decades and the first time it’s been held in Calgary in 40 years.

While zoos have long been the purview of families – providing fun for a Sunday outing – they have come under criticism from animal rights activists complaining about animals being held in captivity.

Jeremy Dutcher wins Polaris Music Prize

Jeremy Dutcher has won the Polaris Music Prize for his second album, “Motewolonuwok.”

For the first time in the award’s 19-year history, the $50,000 prize for best Canadian album of the year went to a previous winner.

“Six years ago, I put out my first record; this award changed my life,” he told a cheering crowd at Massey Hall in Toronto.

Dutcher’s “Motewolonuwok” beat out nine other albums vying for the award, including some unusually high-profile names.

Records by Charlotte Cardin, the Beaches, Allison Russell and Elisapie were shortlisted for the prize, which selects its winner based on artistic merit.

This report by The Canadian Press was first published Sept. 18, 2024



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