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MONTREAL — Second Cup Canada is cutting ties with a franchisee operating at Montreal’s Jewish General Hospital who was allegedly filmed making hateful and antisemitic comments during a protest in the city last week. Second Cup Canada announced Saturday it was cutting ties with a franchisee for “making hateful remarks and gestures,” and adding in a statement the actions breach the franchise agreement as well as inclusion and community values held by the chain. Peter Mammas, CEO of Montreal-based Foodtastic, which owns Second Cup Canada, said in an interview on Sunday that he was at the movies when his phone started pinging non-stop. He saw the videos and the company’s operations staff spoke to employees that knew the woman, and they confirmed it was indeed the franchisee. Video shot during a pro-Palestinian demonstration outside of Concordia University’s downtown Montreal campus Thursday shows a woman walking around, masked, saying the “final solution is coming your way” — wording used to describe a Nazi plan to eliminate Jews in Europe during the Second World War. Another video also shows what appears to be the same woman, unmasked, making a Nazi salute while walking away. “We’re all for free speech and respectful conversations, but this wasn’t that,” Mammas said. “This was hate speech, and it was something that we thought could incite violence and we’re completely against that, so we sat down with our team and decided to revoke the franchise agreement.” Attempts to reach the franchisee were unsuccessful on Sunday. “Second Cup has zero tolerance for hate speech,” the coffee chain said in a statement on X. “In co-ordination with the hospital, we’ve shut down the franchisee’s café and are terminating their franchise agreement.” Mammas said lawyers for the franchisee and Second Cup were expected to meet on Monday. The regional health agency serving West-Central Montreal, which includes the Jewish General Hospital, said it was made aware of the video “containing antisemitic and hateful messaging.” The video is related to a franchisee of Second Cup, one of the private tenants operating within the (Jewish General), Carl Thériault, a spokesman, said in a statement on Sunday. “We fully support Second Cup’s decision to take swift and decisive action in this matter by shutting down the franchisee’s cafés and terminating their lease agreement.” The hospital has two locations operated by the same franchisee and both were shuttered on Saturday by the owners of the chain. The health agency “is committed to fostering a culture of inclusion and stands firmly against antisemitism and any other form of discrimination or hate speech,” Thériault said. “We have franchisees who are Muslim, we have franchisees who are Jewish, we have franchisees that are Greek, French, we have employees from all different nations,” Mammas said. “So we definitely have no issue with that and we don’t take any political side, but ... hate speech ... you know we can’t accept that.” This report by The Canadian Press was first published Nov. 24, 2024. Sidhartha Banerjee, The Canadian Press
McKewon: For its own and Nebraska’s sake, 2025 recruiting class needs to be a big hit● The Greater Stouffville Chamber of Commerce has inducted inaugural members of the new Greater Stouffville Business Hall of Fame. ● The initiative recognizes local pioneers who have played pivotal roles in shaping Stouffville’s business community. ● 2024 honourees include Marvin, Keith, and the late Ken Betz of Betz Pools; Percy and the late Harry and Wesley Schell of Schell Lumber; Graydon Card of Card’s Appliances; Jay Reesor of Reesor’s Market; and sisters Patti Thompson, Debbi Conzelmann, Robin Kelly, and Jackie Fisher of King Cole Ducks. ● To honour the inductees, the Town of Whitchurch-Stouffville will create a commemorative wall at Town Hall in 2025. ● A celebratory dinner hosted by the Chamber on Nov. 26 introduced the Hall of Fame members and highlighted their contributions to Stouffville. “The Greater Stouffville Business Hall of Fame was created to recognize the trailblazers who helped shape Stouffville’s business landscape,” Chamber President David Elie said in his opening remarks. “It serves as a testament to the enduring impact of leadership, vision, and hard work, celebrates the spirit of entrepreneurship, and drives the community forward.” The event drew more than 230 attendees, including Mayor Iain Lovatt, Markham Mayor Frank Scarpitti, York Region Chairman Wayne Emmerson, Stouffville’s Ward Councillors, and senior Town Staff, as well as local business owners and residents. Lovatt, Scarpitti, and Emmerson joined Chamber board members to introduce the Hall of Fame inductees. “Stouffville has been incorporated for 147 years, and in that time there have been significant businesses established that have become foundational to our local identity,” Lovatt told Bullet Point News. “The inaugural inductees to the Business Hall of Fame are and will continue to be synonymous with Stouffville, and I was proud to play a small role in honouring them last evening.” Marvin and Keith Betz of Betz Pools, alongside their late father Ken, were inducted for their regional and international successes in pool construction and custom backyard design. The company was founded by Ken in 1945 after a client’s request for a custom pool during a home-building project, and they were recognized for their efforts in hiring locally whenever possible. Graydon Card was honoured for his customer-focused approach through nearly six decades as owner of Card’s Appliances, a family business established in 1968. Originally a hardware store, the business transitioned its focus to appliances in 1994 and has become a community fixture. Now 84, Card is a founding member of the Whitchurch-Stouffville Chamber of Commerce and remains active in the business, which is now run by the next generation of the Card family. Jay Reesor, a prominent figure in the Markham and Stouffville communities, was recognized for his contributions to local agriculture and business. Building on his family’s farming legacy dating back to 1804, Reesor founded Reesor’s Farm Market and Reesor’s Market & Bakery. He began his career in 1984 and has recently passed the business to younger members of the Reesor family. Percy and the late Harry and Wesley Schell were welcomed to the Hall of Fame for their contributions to Stouffville through Schell Lumber, originally founded in 1922 as the Stouffville Planing Mill. Now operated by the fourth generation, the business has been instrumental in home construction throughout the community and is well known for supporting local sports teams and events. Sisters Patti Thompson, Debbi Conzelmann, Robin Kelly, and Jackie Fisher, granddaughters of King Cole Ducks Ltd. founder James Murby, were awarded their place for growing the family business into Canada’s largest producer of duck products. Processing approximately 2.5 million ducks annually, the company has earned accolades for its sustainable agricultural practices, environmental efforts, and global reach, as well as their downstream production of compost. Nominations and selections for the Hall of Fame were made by the Greater Stouffville Chamber’s board of directors and staff through community consultation. The Town of Whitchurch-Stouffville has also offered a wall in the Municipal Offices building to recognize Hall of Fame members. “I’m excited to announce that we have a permanent home for the Hall of Fame in the new year,” said Christian Buhagiar, the Chamber’s Executive Director. ““Our inaugural inductees, along with all of our future inductees, will be showcased and honoured right outside Council Chambers. So our business community can make sure it keeps an eye on Council, as well,” he joked. The dinner also marked the Chamber’s formal rebranding announcement. Formerly known as the Whitchurch-Stouffville Chamber of Commerce, the Greater Stouffville Chamber now boasts a membership of approximately 400 businesses and organizations. Its updated identity is meant to reflect its growing place within the region’s business community. “This new identity will serve as a beacon for the collaborative spirit we strive to represent,” Buhagiar said. “It captures the spirit and ambition of the Chamber and our community and aligns with our mission to unlock greatness and shine a spotlight on all the potential that lies within the greater Stouffville region.”
Counterweight Ventures LLC decreased its position in shares of JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,518 shares of the financial services provider’s stock after selling 823 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.3% of Counterweight Ventures LLC’s portfolio, making the stock its 15th biggest position. Counterweight Ventures LLC’s holdings in JPMorgan Chase & Co. were worth $3,272,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Mizuho Securities Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth about $27,000. Fairway Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $32,000. Anfield Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at about $34,000. Finally, West Financial Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the third quarter worth about $37,000. Institutional investors own 71.55% of the company’s stock. JPMorgan Chase & Co. Stock Performance Shares of JPMorgan Chase & Co. stock opened at $248.55 on Friday. The company has a market cap of $699.75 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 3.55 and a beta of 1.10. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 52 week low of $152.71 and a 52 week high of $249.15. The business has a 50 day moving average price of $223.14 and a 200-day moving average price of $211.90. JPMorgan Chase & Co. Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 4th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.01%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%. Analysts Set New Price Targets A number of analysts have weighed in on the stock. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Barclays lifted their price objective on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $229.31. Read Our Latest Report on JPM JPMorgan Chase & Co. Company Profile ( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. Further Reading Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter .