OTTAWA — Prime Minister Justin Trudeau is taking some time to reflect after Chrystia Freeland's bombshell resignation, the natural resources minister said on Tuesday. "The prime minister, as I understand it, a number of caucus colleagues have said that the prime minister has said that he will reflect on both the decision that minister Freeland made, but also what he's heard from members of his own caucus," Jonathan Wilkinson said. "I think we all need to give him a little time to reflect, and I respect that fact that he's going to take some time to reflect." Freeland quit as finance minister on Monday morning just hours before she was set to present the government's fall economic statement. That kicked off a day of turmoil on Parliament Hill that began with a morning cabinet meeting and wrapped with an evening meeting of the Liberal caucus, where some members called for Trudeau to step aside as party leader. That includes New Brunswick MP Wayne Long, one of 23 caucus members who signed a letter back in October calling for Trudeau to quit. "We certainly have more MPs than last time. So, if I had to guess how many more right now, I'd say we're probably at 40 to 50 right now," Long said. "But there's a lot more than that. I mean, this is so different than times before." The attempt to oust Trudeau earlier in the fall took up a great deal of oxygen on Parliament Hill, but ultimately failed to garner support from inside the cabinet. This time, Long said, at least five cabinet ministers believe it's time for a change at the top. "I certainly am one to say to my colleagues, to ministers in particular: 'Let's come out of the shadows,'" Long said. "Let's openly, once and for all, state how we feel and let's move forward with what we know has to happen." Before question period, cabinet ministers Anita Anand and Kamal Khera told reporters they support the prime minister. After the failed coup in October, Liberal MPs emerged from a tense caucus meeting saying they believed Trudeau was taking time to reflect. But the very next day, he publicly stated his intention to stay on as leader at a press conference. That is why P.E.I. MP Sean Casey, who called for Trudeau to resign in October, does not think the prime minister will take a walk in the snow now. "There's not a single indicator in anything that he says or does that would tell me otherwise. He seems to be absolutely committed and he has throughout the piece, he's been remarkably consistent," Casey said. "What he says, what he does, how he does it, how he says it, the energy he puts into it, I don't believe for one second it's an act. I think it's real." Whenever Trudeau has been asked if he intends to lead the Liberals in the next election, the response has been an unambiguous "Yes." The Liberals have faced three non-confidence votes in the House of Commons this fall and have struggled to advance legislation because of a filibuster on a Conservative privilege motion related to misspending at a now-defunct green technology fund. On Tuesday, Conservative Leader Pierre Poilievre once again called on NDP Leader Jagmeet Singh to topple the government, criticizing him for voting against the latest non-confidence motion last week. Poilievre said Canada needs a new prime minister because U.S. president-elect Donald Trump can smell weakness from a mile away and the Trudeau government is weak. Bloc Québécois Leader Yves-François Blanchet also said a new Parliament is needed "as soon as possible," and he wants to see an election called in January. Blanchet said Trudeau has lost the political, moral and ethical authority to govern. He said the election should happen as soon as possible in the new year because Canadians do not want a campaign over the holiday season. On Monday, Singh called for Trudeau to step down but did not make a firm comment on whether the NDP would declare non-confidence in the Liberal government. Instead, Singh said "all options are on the table." The NDP, which ended a formal supply-and-confidence agreement to support the Liberals in September, has voted with the government on all three non-confidence motions. Singh has repeatedly said a Poilievre-led Conservative government would cut things New Democrats have fought for like dental care, pharmacare and other social programs. The Tories are also calling on the House of Commons trade committee to study the tariff threat between the week of Jan. 6 and Jan. 20, the date of Trump's inauguration. The House of Commons is expected to rise for the holiday break on Tuesday and return on Jan. 27. In her resignation letter, Freeland said she's been at odds with Trudeau in the last few weeks over the government's fiscal priorities. She said the government should do away with costly "political gimmicks" and instead set money aside to deal with a potential tariff war with the U.S. Dominic LeBlanc was sworn in as the new finance minister Monday, minutes after the government's fall economic statement was released. The economic update shows the deficit has grown to nearly $62 billion, far beyond the $40-billion target Freeland set earlier this year. It includes $1.3 billion in new spending on measures to beef up the border in response to Trump's threat to impose 25 per cent tariff threats on Canadian goods. LeBlanc, who is also in charge of intergovernmental affairs and democratic institutions, says his main priority as finance minister will be to address affordability issues. He will also continue to oversee the public safety file, implementing new border measures, until Trudeau holds a broader cabinet shuffle. That's expected to happen soon in order to replace ministers who have announced they won't seek re-election. This report by The Canadian Press was first published Dec. 17, 2024. — With files from Nick Murray and Michel Saba David Baxter, The Canadian PressZelenskiy Arrives In Paris For Notre Dame Ceremony, Possible Trump Meeting
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MetLife Investment Management LLC lessened its stake in LPL Financial Holdings Inc. ( NASDAQ:LPLA – Free Report ) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,693 shares of the financial services provider’s stock after selling 92 shares during the quarter. MetLife Investment Management LLC’s holdings in LPL Financial were worth $1,092,000 as of its most recent SEC filing. Several other hedge funds have also recently added to or reduced their stakes in LPLA. Ashton Thomas Private Wealth LLC bought a new stake in shares of LPL Financial in the 2nd quarter valued at about $25,000. Key Financial Inc bought a new position in LPL Financial during the second quarter worth about $28,000. Ashton Thomas Securities LLC acquired a new position in LPL Financial in the third quarter valued at about $31,000. Paladin Wealth LLC acquired a new position in shares of LPL Financial in the 3rd quarter valued at approximately $34,000. Finally, Crewe Advisors LLC raised its holdings in LPL Financial by 360.7% during the 2nd quarter. Crewe Advisors LLC now owns 129 shares of the financial services provider’s stock worth $36,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have issued reports on LPLA. Citigroup increased their target price on LPL Financial from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Barclays boosted their target price on LPL Financial from $273.00 to $311.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price objective on shares of LPL Financial in a report on Wednesday, October 9th. Morgan Stanley lifted their target price on LPL Financial from $303.00 to $309.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, LPL Financial currently has an average rating of “Moderate Buy” and a consensus price target of $290.83. LPL Financial Stock Down 0.9 % LPLA opened at $327.56 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. The stock’s fifty day simple moving average is $284.54 and its 200 day simple moving average is $257.24. LPL Financial Holdings Inc. has a 1-year low of $187.19 and a 1-year high of $332.54. The stock has a market cap of $24.53 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 1.58 and a beta of 0.86. LPL Financial ( NASDAQ:LPLA – Get Free Report ) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.69 by $0.47. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The firm had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period last year, the business posted $3.74 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts expect that LPL Financial Holdings Inc. will post 16.1 earnings per share for the current year. LPL Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.37%. The ex-dividend date was Thursday, November 14th. LPL Financial’s payout ratio is 9.02%. LPL Financial Profile ( Free Report ) LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance. Featured Stories Receive News & Ratings for LPL Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LPL Financial and related companies with MarketBeat.com's FREE daily email newsletter .'Blessed': US woman sees second chance in life after pig kidney transplant
George Kresge Jr., who wowed talk show audiences as the The Amazing Kreskin, diesKirk LaPointe: Alberta's 'get things done' edge leaves B.C. behind in investment race From permits to profits, neighbouring province's model proves hard to beat Kirk LaPointe Nov 27, 2024 12:00 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Alberta's proactive investment strategy, led by Invest Alberta, is attracting businesses with swift regulatory changes, lower costs, and a "get things done" approach, positioning the province as a more attractive destination than British Columbia. Photo via benedek/E+/Getty Images Listen to this article 00:05:18 Dow wanted to expand its Path2Zero zero-emission project from outside Fort Saskatchewan with a significant investment, but didn’t think the province’s depreciation rates were suitable. No problem: the rates were changed by the province – in seven days. The international pulp and paper behemoth, Mondi, wanted to promptly get environmental permits to move into the province. No problem: the permits came from the province in a speedy 90 days. The problem was: the province was Alberta, not British Columbia. And a bigger problem looms: Alberta is more aggressively big-game-hunting for investment now in Vancouver. It has opened an office here of the prodigious Crown corporation, Invest Alberta, and hired what it calls an “investment attraction advisor” – Brock Lalla, a former economist with PwC’s Canadian economic and policy practice. Based on its history of less than a half-decade, it would not be surprising to see some serious migration and expansion of B.C. businesses into our neighbouring province. In four years, Invest Alberta has attracted $24.9 billion in investment from around the world, counting for 33,481 jobs. Its CEO is himself a Vancouver expat appointed in 2021, Rick Christiaanse, and in keeping with the red-tape-averse culture, he reports directly to Premier Danielle Smith and not into the province’s bureaucracy. It is old news now that Alberta can put to shame most anything British Columbia might try to make for a better business and worker climate. Corporate taxes and housing prices are lower, salaries are higher, regulations are changed faster, construction permits are swifter. Little wonder an Angus Reid Institute poll earlier this year indicated more one-third of British Columbians – and half of all young people – were seriously considering leaving because of housing unaffordability. But housing costs are simply a symptom of a wider ailment, some of it tangible and some of it attitudinal. “Alberta’s claim to fame is that it can get things done,” Christiaanse told me. “We were in the wilderness for 10 years. We got desperate enough here that we had to figure out how to do this.” What it does is court investment, offering a concierge-like tailored suite of services to smooth the entry into the market – navigational assistance to streamline setup, marketing intelligence, networking leads, after-care services – in using its 17 offices worldwide to scout and secure significant investment. What it doesn’t do, though, might surprise you: It won’t write any cheques when business comes calling. It refuses to engage in the race to the bottom that many American cities and states will. “Our cheque-writing capacity is zero,” he says. “If you’re looking for a subsidy, that’s not our province.” Christiaanse, whose career includes stints as chief operating officer of the Skidmore Group and senior director of sales and marketing for Telus International, has been campaigning of late to demonstrate Alberta is not simply an oil and gas province. The province leads Canada in renewable energy growth. Amazon is building its first Canadian wind farm in southern Alberta; it already owns a solar project in the province, one of the largest in North America. Edmonton alone has four $1-billion-plus hydrogen energy plants under construction. Japanese firms Sumitomo and Itochu have extensive climate-change mitigation projects there. It is Alberta’s access to abundant energy, though, that often clinches the deal. “B.C. can’t build any more dams,” he notes. Mainly, he says though, business is saying: “I want stability.” The BC NDP government has its hands full at the moment, with a large and expanding deficit, declining per capita GDP, expensive health-care challenges, a CleanBC plan that will be costly across the province’s economy and relatively little business savvy at the helm. Even former NDP premier Glen Clark chided the Eby government to focus more on wealth creation than wealth redistribution. Christiaanse defines the challenge little differently than Clark: “We see the role as building prosperity.” What the world is saying when it takes its investment elsewhere are three things, he notes: “Bring me food security. Bring me energy security. And lately, bring me cybersecurity.” He plays down any B.C.-Alberta rivalry. “We need to be aligned,” he says. But he also notes that Alberta “had to hit rock bottom” before it initiated the changes it now offers investors as a calling card, without specifically suggesting that’s where B.C. now finds itself. “Vancouver is an incredible place to live,” he says. “But if you’re looking to take your business to a new level . . .” Kirk LaPointe is a Glacier Media columnist with an extensive background in journalism. See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up Related Kirk LaPointe: John Horgan made his mark mixing fiscal competence with social prescription Nov 13, 2024 11:30 AM Opinion: Trump 2.0 will be a test of Canada's resolve Nov 6, 2024 11:00 AM Opinion: Time to tackle the scourge of online anonymity and political intimidation Nov 4, 2024 11:30 AM Opinion: Rebuilding trust in journalism starts with busting misconceptions Oct 30, 2024 4:30 PMThe ABC has lost its curiosity. Joe Rogan can help Kim Williams recover it
Coffee fans snag Ninja's new 'perfect' £30 travel mug for £13 by stacking dealsjetcityimage Tesla: maybe you've heard of it. Of course I'm kidding. Elon Musk's creation is not only tied to the next generation of driving, but to at least the next 4 years of the U.S. political scene. To think there was a time in the SUNGARDEN YARP PORTFOLIO By Rob Isbitts and Sungarden Investment Publishing A community dedicated to navigating modern markets with consistency, discipline and humility Full Access $1,500/year Legacy pricing of $975 for first 35 subscribers, a savings of 35% Direct access to Rob and his live YARP portfolio, featuring a trademarked stock selection process he developed as a private portfolio and fund manager, and his decades of technical analysis experience. 24/7 access to Sungarden’s investment research deck Bottom-line analysis of stocks, ETFs, and option strategies Trade alerts and rationale, delivered in real-time Proprietary educational content You won’t get: sales pitches, outlandish claims, greed-driven speculation Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.