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West Fraser Timber third-quarter earnings, sales lower compared with last year

Published Wed, 26 Feb 2025 01:49:50 GMT

VANCOUVER — West Fraser Timber Co. Ltd. says it earned US$159 million in the third quarter, compared with US$216 million a year earlier. The Vancouver-based company says sales were US$1.7 billion, down from US$2.1 billion during the third quarter last year. Earnings per diluted share were US$1.81, down from US$2.50 last year. President and CEO Ray Ferris says the third quarter saw a continuation of challenging demand, especially in lumber. As a result, Ferris says the company executed curtailments at several locations.He says the company continues to focus on what it can control, such as improving flexibility and lowering costs. This report by The Canadian Press was first published Oct. 25, 2023.Companies in this story: (TSX:WFG)The Canadian Press

Most of Justice Thomas’ $267,000 loan for an RV seems to have been forgiven, Senate Democrats say

Published Wed, 26 Feb 2025 01:49:50 GMT

WASHINGTON (AP) — All or most of a $267,000 loan obtained by Supreme CourtJustice Clarence Thomas to buy a high-end motorcoach appears to have been forgiven, raising tax and ethics questions, according to a new report by Senate Democrats.Anthony “Tony” Welters, a longtime friend of Thomas who made the loan in 1999, forgave the debt after nine years of what he called interest-only payments, says the report, which was released Wednesday by Democrats on the Senate Finance Committee.The loan’s existence was first reported during the summer by the New York Times. Committee Democrats undertook their inquiry following the Times’ story.Thomas, 75, has been at the center of a heightened focus on ethics at the Supreme Court over his undisclosed travel and other ties with wealthy conservative supporters. The court, the only part of the federal judiciary with a formal code of conduct, is debating whether to adopt an ethics code and, in recent months, three justices have voiced their...

Regulator to restart consultations on long-delayed drug-price reform guidelines

Published Wed, 26 Feb 2025 01:49:50 GMT

OTTAWA — The federal agency that regulates the price of patented medicines says it plans to relaunch consultations on the finer points of long-delayed drug-price reforms.The Patented Medicine Prices Review Board stalled the implementation of new guidelines last year to give more time for industry groups to weigh in, which caused a major rift at the agency and culminated in the resignation of several board members and the executive director.The reforms, which are intended to lower the cost of patented drugs in Canada, were put on hold indefinitely.The agency says it plans to hold a roundtable in December where all parties can voice their opinions and concerns, but has not announced when new guidelines are expected to come into effect. The implementation of the reforms had been delayed several times throughout the pandemic.Meanwhile, the agency announced it has filled all the board member positions that were left vacant after last year’s discord. This report by The Canadian Pres...

Former diplomat sheds light on Canada’s approach to hostage negotiations

Published Wed, 26 Feb 2025 01:49:50 GMT

As families hold out hope for loved ones believed to be taken by Hamas during the Oct. 7 attack on Israel, a former Canadian diplomat with personal experience handling hostage negotiations spoke to CityNews about Canada’s role in the intense efforts to secure the safe return of civilians.“When the lives of your own citizens are on the line, you’re going to negotiate,” said Gar Pardy, former Director-General of Consular Affairs.The Israeli government estimates 135 hostages holding foreign passports, including from Canada, are currently being held in the Gaza Strip.Foreign Affairs Minister Melanie Joly confirms Canadians have been dispatched to support Israel’s chief negotiator. Pardy told CityNews he expects the “team of experts” Joly said has been sent to the region is also pushing Israel to delay a potential ground invasion.“Certainly, the role that I played in a number of years that I was involved in these with any number of countries, is to talk to the country that is mainly invo...

Judge dismisses Birmingham-Southern lawsuit against Alabama state treasurer over loan denial

Published Wed, 26 Feb 2025 01:49:50 GMT

MONTGOMERY, Ala. (AP) — An Alabama judge has dismissed Birmingham-Southern College’s lawsuit against the state treasurer over a loan denial, a decision that could put the future of the 167-year-old private college in jeopardy. Birmingham-Southern College filed a lawsuit last week against state Treasurer Young Boozer, saying Boozer wrongly denied a $30 million loan from a program created by lawmakers to provide a financial lifeline to the college. On Wednesday, Montgomery Circuit Judge James Anderson granted the state’s request to dismiss the lawsuit on the grounds that the state treasurer could not be sued for exercising his duties. Anderson said the legislation gave discretion to the treasure to decide who qualified for a loan. “I’m sympathetic to the college and the position they are in, but I’m looking at the legislative language,” Anderson said. Birmingham-Southern is exploring an appeal to the Alabama Supreme Court, college President Daniel Coleman said ...

Florida orders state universities to disband pro-Palestinian student group, saying it backs Hamas

Published Wed, 26 Feb 2025 01:49:50 GMT

TALLAHASSEE, Fla. (AP) — Republican Florida Gov. Ron DeSantis’s administration is linking a pro-Palestinian student organization to terrorism and is ordering state universities to ban the group from campuses, saying it illegally backs Hamas militants who attacked Israel earlier this month.As Israel’s attacks on Gaza have intensified, some college students have expressed solidarity with Palestinians, resulting in swift censure from some Jewish academics and even some prospective employers. But Florida has gone further, taking the extraordinary step of saying Students for Justice in Palestine is supporting a “terrorist organization.”State university system Chancellor Ray Rodrigues wrote to university presidents Tuesday at Gov. Ron DeSantis’ urging, directing them to disband chapters of SJP after the national group took the position that “Palestinian students in exile are PART of this movement, not in solidarity with this movement.”“It is a felony under Florida law to ‘knowingly ...

A murder warrant is issued for a Massachusetts man wanted in the shooting death of his wife

Published Wed, 26 Feb 2025 01:49:50 GMT

GARDNER, Mass. (AP) — A murder warrant was issued Wednesday for a Massachusetts man wanted in connection with the shooting death of his wife.Worcester County District Attorney Joseph Early Jr. said police are continuing their search for Aaron Pennington after his wife, Breanne Pennington, 30, was found fatally shot inside the couple’s Gardner, Massachusetts, home on Sunday.Gardner Police were called to the scene after the couple’s four children left the home and went to a neighbor’s house. Breanne Pennington was found dead in the family home. City property records show Aaron Pennington has owned the home since June 2022.Police said Aaron Pennington left around 9 a.m. in his white 2013 BMW Model 320 sedan. On Monday evening, a hunter spotted Pennington’s vehicle about 1,500 feet down a wooded trail off Kenton Street near an area known as Camp Collier, a land trust used by Boy Scouts and church groups in Gardner, investigators said. Police began searching the wooded area for Pen...

North Carolina Republicans put exclamation mark on pivotal annual session with redistricting maps

Published Wed, 26 Feb 2025 01:49:50 GMT

RALEIGH, N.C. (AP) — The North Carolina General Assembly gave final approval Wednesday to new redistricting maps poised to empower the state GOP for years to come. Passage of the maps also marks a final achievement for Republican leaders in this year’s annual session that saw their priorities on abortion, LGBTQ+ and gun rights, voting rights and education become law, and in turn eroded Democratic Gov. Roy Cooper’s powers. Lawmakers in the ninth-largest U.S. state enacted new boundary lines for state House and Senate districts and for the U.S. House delegation in a series of party-line votes. The redistricting, resulting from court rulings related to maps for the 2022 elections, could give North Carolina Republicans at least three more seats in the U.S. House after 2024 at the expense of first- and second-term incumbent Democrats, according to state election data. That alteration could help Republicans nationally keep a House majority on Capitol Hill.The state House and S...

Committee asks for more from city staff to alleviate Toronto traffic congestion

Published Wed, 26 Feb 2025 01:49:50 GMT

The City of Toronto has seen unprecedented construction and closures, creating headaches for road users, and it’s expected to only get worse.City staff’s latest plans to improve congestion were reviewed by the Infrastructure and Environment Committee on Wednesday, and some councillors are asking if more measures can be taken. The city will be using technology like artificial intelligence and expanded smart signal programs at key intersections to help with the flow of traffic, whether that’s cyclists, pedestrians, drivers or transit riders. One expert said the plan is promising but it needs to be effective.“Traffic lights and cameras think on a second-to-second basis on the movement of road users so that directions that have heavier traffic will get priority,” explained Baher Abdulhai, Professor & Director, Intelligent Transportation System Centre, University of Toronto.“But it’s often ignoring a bus with 100 people on it is more important...

Rep. Bowman of New York charged with misdemeanor, to pay fine after triggering House fire alarm

Published Wed, 26 Feb 2025 01:49:50 GMT

WASHINGTON (AP) — Democratic Rep. Jamaal Bowman was charged Wednesday with a misdemeanor for triggering a fire alarm as lawmakers scrambled to pass a funding bill before a government shutdown deadline in September.He is expected to plead guilty, formally apologize and pay a $1,000 fine. The alarm prompted an evacuation of a House office building. It reopened an hour later after Capitol Police determined it was not a threat. The New York lawmaker has acknowledged pulling the alarm, telling reporters within hours that it was a mistake. He said he was rushing to get to votes and trying to get through a door that is usually open but was closed due to it being a weekend. At the time of the evacuation, House Democrats were working to delay a vote on a funding bill to keep federal agencies open. They had said they needed time to review a bill that Republicans abruptly released to avoid a shutdown.Bowman was “treated like anyone else who violates the law” and has agreed to pay the max...