The Globe and Mail - 30.07.2026

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2026-07-30 Boosty PDF 中文极简摘要

The Globe and Mail - 30.07.2026.pdf

  • Boosty 帖子:Newspapers - 30.07.2026
  • WILDFIRES / 当“整个西班牙都在燃烧”时,志愿者们挽起袖子行动起来:西班牙遭遇记录以来最严重山火,导致9.1万人撤离。志愿者在马德里附近设立临时避难所,提供医疗、食物及儿童活动支持。
  • 国际记者 / 安东尼·福齐在关于大流行起源的紧张参议院听证会上多次援引第五修正案:前美国国家过敏性疾病和传染病研究所所长福齐在听证会上援引第五修正案保持沉默,拒绝回答关于武汉病毒研究所及大流行起源的问题。
  • 能源 / A15 / 总理排除在与美国贸易谈判中将能源作为筹码:总理马克·卡尼表示不会以限制石油和天然气供应作为贸易谈判筹码,并计划取消针对美国流媒体服务的税收以寻求妥协。
  • 北约 / A7 / 加拿大皇家骑警承诺在比利时警方调查北约实习生时提供支持:一名中国裔加拿大实习生涉嫌在北约作战总部从事间谍活动被捕,加拿大皇家骑警表示将支持比利时当局的调查。
  • 国际新闻 / 弹道测试助力多米尼克杀害加拿大公民案定罪:两名美国男子被裁定谋杀魁北克夫妇,法医弹道学证据及关键证人成为定罪核心。
  • 国际新闻 / 日本救援人员在地震废墟中搜寻,死亡人数上升:日本九州岛熊本地区发生7.1级地震,造成至少18人死亡,62人受伤,鹿岛市永旺购物中心发生坍塌及爆炸。
  • 本地新闻 / 11 岁失踪男孩被发现死亡,卡尔加里警方表示:在卡尔加里市东北部工业区管道网络中发现失踪11岁男孩帕克的尸体,警方认为其为自愿走失而非刑事案件。
  • 国际记者 / 乌克兰袭击伊朗货船使两场战争之间的界限变得模糊:乌克兰无人机袭击里海伊朗船只,伊朗最初威胁报复但随后寻求非军事形式回应,凸显冲突升级风险。
  • 国际新闻 / 美国在美军基地遭袭后对伊朗发起报复性打击:为回应伊朗对约旦美军基地的袭击,美国对伊朗目标发动打击,并与沙特合作袭击伊拉克境内亲伊朗民兵。
  • 国际新闻 / 乌克兰袭击了两座俄罗斯主要炼油厂:乌克兰摧毁卢可可及梁赞两座大型炼油厂,年产能约2.2亿桶,旨在打击俄罗斯财政收入并引发燃料危机。
  • 本地政治 / 前保守党内阁部长参选多伦多市长:前联邦部长克里斯·亚历山大登记参选多伦多市长,此举可能分走中右翼候选人布拉德福德的票源,从而有利于市长Chow。
  • 政治 / 自由党阻挠委员会对戈迪·豪桥协议的调查:自由党阻止保守党对戈迪·豪大桥收入分成协议的听证,该协议规定加拿大在15年内将一半净通行费交给美国。
  • 本地经济 / 卡尼与史密斯宣布阿尔伯塔省住房计划:联邦政府提供5.1亿美元资金用于阿尔伯塔省水务基础设施建设以支持住房,省政府将承担至少三分之一成本。
  • 国际新闻 / 三名希腊消防员在欧洲火势蔓延中丧生:强风引发的野火在希腊克里特岛等地蔓延,导致三名消防员在灭火过程中丧生。
  • 生活方式 / 婚前协议悖论:许多人声称想要签署一份协议,但只有 4% 的加拿大人这样做:高昂的法律成本和情感代价导致大多数加拿大人避开婚前协议,但父母对首付款的保护需求正推动协议需求增长。
  • 观点 / 苏丹正陷入另一场种族灭绝。为什么世界不采取行动?:苏丹北达尔富尔面临严重人道灾难,预计15万人被杀,三分之二人口需要援助,但全球应对冷漠。
  • 国际法律 / 特朗普请求最高法院撤销诽谤判决:特朗普请求最高法院撤销对其性侵指控相关的8300万美元诽谤判决,主张其在任期间的言论受法律保护。
  • 经济 / 美国美联储维持利率不变,但内部焦虑增加:美联储维持利率在3.5%-3.75%,但内部出现分歧,部分官员主张加息以应对由地缘政治和关税引起的通胀压力。
  • 交通 / 渥太华将斥资 $1.9 亿购买新火车:联邦政府投入19亿美元替换Via Rail老旧机车并建设组装厂,新机车将采用混合动力技术且部分在加拿大制造。
  • 商业 / Allied Gold 计划中 $5.5-billion 的出售给中国紫金矿业之交易崩盘:由于未能在中国监管机构规定的时间内获得批准,Allied Gold取消了价值55亿美元的收购交易,导致股价下跌18.6%。

The Globe and Mail - 30.07.2026.pdf 中文镜像版

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一名居民周三在马德里附近的 Pelayos de la Presa 发生山火后,走在被烧毁的房屋废墟中。 西班牙有记录以来最严重的火灾已迫使数千人撤离。PIERRE-PHILIPPE MARCOU/AFP VIA GETTY IMAGES

O

当“整个西班牙都在燃烧”时,

志愿者们挽起袖子行动起来

社区成员在马德里附近的避难所提供生命线

MARCUS YAM 马德里

在最近的一个下午,位于马德里西南方向 Móstoles 的 Beats Fitness Club 健身俱乐部里,表演者们搭建起舞台灯光和扬声器,在这个临时山火避难所里演出一部儿童剧。一名志愿者护士用听诊器为撤离者检查身体。其他人则分发来自当地超市的食物,并在一个特殊的“儿童区”为孩子们绘画脸谱。有些孩子告诉父母他们不想回家,因为他们认为这里是夏季训练营,而不是为逃离山火的人设立的避难所。

当消防员在与西班牙有记录以来最严重的山火搏斗时,在像 Beats 避难所这样的空间里,一项更安静的行动一直在进行。西班牙志愿者们正在动员起来,以帮助全国 91,000 名被要求撤离或留在避难所的人员。

[ WILDFIRES ]

1

安东尼·福齐在关于大流行起源的紧张参议院听证会上多次援引第五修正案

NATHAN VANDERKLIPPE 国际记者

安东尼·福齐拒绝回答美国参议院委员会关于他参与中国实验室研究以及 COVID-19 大流行起源的相关问题,他援引了宪法赋予的保持沉默的权利,而共和党人则指责他掩盖真相。

作为直到 2022 年为止的美国国家过敏性疾病和传染病研究所所长,福齐博士曾是美国大流行应对工作最高级别的领导者之一。他还监督研究资助金的发放,其中包括定向提供给位于中国城市、首次检测到新型冠状病毒传播的武汉病毒研究所的资金。

在他于美国国立卫生研究院工作的 54 年间,福齐博士在国会委员会面前作证过 200 次以上。但在周三,他拒绝回答任何问题——甚至包括关于他领带颜色的问题——而是援引了(美国宪法)第五修正案,该修正案规定人们拥有不被强迫自证其罪的权利。

这次听证会标志着共和党人多年努力的顶点,他们试图让福齐博士为一系列大流行期间的委屈负责,从对封锁措施的持久愤怒,到认为他应对这场大流行以及造成 100 万多名美国人死亡承担个人责任。

民主党人则称这次参议院听证会是一场“政治秀”。

在简短的开场陈述中,福齐博士猛烈抨击了肯塔基州的共和党参议员、参议院国土安全与政府事务委员会主席兰德·保罗,称其对他有着“疯狂的执念”。

他表示:“他召我来到这个委员会的唯一原因,就是想让我说出某些话——任何话——只要能证明他多次公开承诺的预言最终成真,即按照他的说法,我会‘锒铛入狱’。”

在去年卸任之前,美国总统乔·拜登为福齐博士所做的工作颁发了预先赦免。

福齐,A15


对这场摧毁了至少 100 栋房屋并波及 78,000 公顷土地的火灾提供援助。 来自莫斯托莱斯的 35 岁志愿者桑德拉·拉拉最初是出于好奇而加入的,想看看自己能如何帮助安置在 Beats 避难所的 175 名成人和儿童。 她很快发现自己卷起袖子,组织捐赠的衣物并帮助分发。她补充说,她还给了“很多很多拥抱”,“他们是我们的同胞,他们在没有任何东西的情况下离开了家园”。 而且,如果火势得不到控制,她所在的地区可能会成为下一个受灾点。 在莫斯托莱斯,大约 150 名志愿者分布在三个被改为疏散避难中心的体育中心里,为 400 多人提供服务。他们与被派驻在此提供帮助的警察部队、民防部队、红十字会工作人员和其他医疗急救服务人员一起协作。

西班牙,A7


体育 加拿大米顿在英联邦运动会 捍卫女子铅球冠军 B15

ALASTAIR GRANT/ 美联社

探索我们的国家信息自由请求数据库 SecretCanada.com


犯罪 弹道测试帮助定罪在多米尼克 杀害魁北克夫妇的美国男子 A3

商业报告 两个美国主要工会 呼吁恢复与加拿大稳定的 贸易关系 B1

总理排除在与美国贸易谈判中

将能源作为筹码

ADRIAN MORROW 华盛顿 MARIEKE WALSH 渥太华 MATTHEው SCACE 艾伯塔省 红鹿市

面对总统唐纳德·特朗普不断升级的贸易战,总理马克·卡尼排除限制加拿大向美国供应石油和天然气的可能性,在渥太华寻求与华盛顿达成协议之际,这去掉了一个强有力的议价筹码。

卡尼政府还计划取消针对 Netflix 和 Amazon Prime 等在线流媒体服务的税收,这是针对美国贸易要求而做出的一系列让步中的最新一项,而加拿大尚未获得任何回报。

负责加美贸易的部长多米尼克·勒布朗本周正在华盛顿,他在那里与美国贸易代表杰米森·格里尔进行了会晤,并参加了一个由加拿大政府和美国主要科技公司共同赞助的社交活动。

周三在艾伯塔省红鹿市对记者发表讲话时,卡尼表示,他不认为在贸易谈判中将能源出口(如艾伯塔省的石油)摆上谈判桌“有价值”。

“加拿大人是可靠的,”他说。“最重要、可以说也是最好的商品之一就是信任。人们信任我们,因此,当你是一个关键商品或关键服务的供应商时,你必须非常慎重地考虑停止供应的问题。”

能源,A15

加拿大皇家骑警承诺

在比利时警方调查 北约实习生时提供支持

MARIE WOOLF 渥太华

加拿大皇家骑警(RCMP)表示,将支持比利时当局调查一名中国裔加拿大实习生,该实习生被指在位于比利时的北约作战总部从事间谍活动。

该实习生在北约位于法国边境附近蒙斯的作战基地——欧洲盟军最高司令部(SHAPE)工作,上周因涉嫌代表第三方国家从事间谍活动被捕,目前被羁押待审。

在欧盟媒体报道称该嫌疑人曾在加拿大政府部门工作后,联邦政府周三拒绝就其是否曾在渥太华担任公务员发表评论。

在开始北约实习之前,她在经过加拿大安全情报局(CSIS)的审核和加拿大皇家骑警的刑事记录检查后,获得了加拿大政府授予的安全许可。

在周三的一份声明中,加拿大皇家骑警表示,其不提供“与个人就业能力或安全状态相关”的建议或推荐,而关于安全许可的最终决定“仍由请求组织负责”。

“加拿大皇家骑警已知晓一名加拿大公民被比利时警方拘留。加拿大皇家骑警将继续致力于与我们的国内及国际合作伙伴紧密合作并维持强有力的关系,”加拿大皇家骑警发言人 Andrew DiRienzo 补充道。

北约,A7

(HDFFC|00004Z /t.a

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TARRALIK DUFFY,《康乃馨》,2020, 数字化绘画的六幅版画,每幅 38.7 X 28.6 CM。 PURCHASE, 2022. 格尔夫美术馆 (Art Gallery of Guelph) 馆藏。照片由 TONI HAFKENSCHEID 拍摄

在整个七月,我们将展出格尔夫美术馆 (Art Gallery of Guelph) 的艺术作品,该馆是加拿大首屈一指的文化空间之一。AGG 涵盖了历史和当代艺术,拥有 11,000 部以上的艺术作品,并拥有加拿大公共艺术博物馆中最大的雕塑公园。该馆藏汇集了来自加拿大及海外的多元艺术之声,从早期收购的汤姆·汤姆森 (Tom Thomson) 和七人画派成员的作品,到原住民、梅蒂斯 (Métis) 和因纽特 (Inuit) 艺术家的当代作品。artgalleryofguelph.ca

Tarralik Duffy 是一位来自努纳武特地区 (Nunavut) 萨利克 (Salliq) 的因纽特艺术家、作家和策展人,她的作品结合了幽默、叙事和日常观察。《康乃馨》参考了北方社区的一种主要家用产品,这是 Duffy 在其创作中转化的许多童年熟悉物品之一。通过绘画、版画和软雕塑,她对家庭空间、家庭、记忆和当代北方经验进行反思,以俏皮且具有文化共鸣的形式重新想象日常物品。

美沙核能协议 面临引发中东 军备竞赛的风险 A11

周三的一篇关于 Terminal Technologies Inc. 的《商业报告》文章的副标题错误地称,该公司报告的估值自 2013. 年获得种子融资以来增长了五倍。种子融资发生在 2023 年。

周一的一封关于戈迪·豪桥 (Gordie Howe bridge) 交易的读者来信错误地称,利息支出被视为运营费用,且摊销在会计目的上被视为现金支出。由于两者均不属实,该信件的前提是错误的。

《环球邮报》致力于维持最高的道德、法律和编辑标准。 SANDRA E. MARTIN,标准编辑,standardseditor@globeandmail.com

金属探测员在新斯科舍省湖泊中寻回丢失的结婚戒指

作者:DEVIN STEVENS 哈利法克斯

当路易斯安那州的 Jeff Daglaris 在新斯科舍省的一个湖底丢失了他的结婚戒指时,他在互联网上寻求建议,答案很简单:给 Nate McLagan 打电话。

McLagan 先生从事金属探测已有大约 2 个十年时间。今年他设定了一个目标,要为 25 个人寻找丢失的物品,而且这个消息已经传开了。

这位在加拿大皇家海军的武器技术人员表示,他收到了很多关于丢失结婚戒指的请求,并且他很享受能够完成这类任务。

“一旦我把戒指还给他们,他们实际上就瘫坐在地上。伴随着许多泪水,那是喜极而泣……那种场面令人震撼,”他在一次采访中说道。

Daglaris 先生来新斯科舍省是为了参加课程。六月的一个周末,他和朋友们在基吉米库吉克国家公园 (Kejimkujik National Park) 的一座岛屿周围划皮艇,那里距离 McLagan 先生位于哈利法克斯郊区东通道 (Eastern Passage) 的家中以西约 130 公里。他们当时正在攀爬岩石并跳入水中,这时 Daglaris 先生的 14K 金结婚指环滑落并掉进了湖里。

“诚实地说,我对自己有点失望,因为就在我进水之前,我还在想,”

[ 专栏作家 ]

第一

视角

Alona Vasylieva 在从事多年航空服务后, 在一个小社区中找到了自己的立足之地 A13

[ 更正 ] [ 澄清 ]

由于提供给《环球邮报》的数据出现错误,周一的一篇关于加拿大首席执行官 2025 年薪酬的《商业报告》文章及其两张图表中,错误地将 RB Global Inc. 首席执行官 Jim Kessler 列为 2025. 年加拿大第二高薪的高管。实际上,他是第四高薪的 CEO,2025 年的总薪酬为 $30.1 百万美元。Shopify 首席执行官 Tobias Lütke 才是第二高薪者。更新后的文章和图表可见 tgam.ca/CEOcomp。

Nate McLagan 本月初在新斯科舍省的 Kejimkujik 国家公园的一座湖中现身,他寻回了 Jeff Daglaris 跳水时丢失的结婚戒指。加拿大新闻社(THE CANADIAN PRESS)

“也许我应该把它摘下来放在我们的防水袋里,”Daglaris 先生在一次采访中说道。 自从他与妻子 Taylor 在 31 1/2 年前结婚以来,这枚戒指几乎从未离开过他的手指。他与朋友们尝试潜水寻找,但湖水太深太暗,且他们没有装备。 Daglaris 先生在手机上标记了位置,拍摄了照片并搜索了互联网。就在那时,他给 McLagan 先生发了一条消息。 接下来的周末,McLagan 先生携带金属探测器、潜水装备以及一些湖中岩石的照片,驱车 2 小时前往,并划皮划艇前往该岛。 “就在我快要到达哈利法克斯机场准备登机时,他给我发了一张我的戒指的照片,”Daglaris 先生说。

审计中,法律提供测试标准, 但你的证据讲述完整的故事 B8

在周六的《商业报告》板块中,一张关于安大略省 Muskoka 地区私密 Dock 会议现场的照片未被清晰标注。该照片描绘的是 Peter Gilgan 的私人庄园 Ferndale。

McLagan 先生说,找到戒指仅用了几分钟。他说,当他将戒指带到水面时,脸上写满了笑容。 McLagan 先生表示,他将这些寻回任务视为一项爱好,主要通过志愿者方式帮助联系他的人们。如果需要长途奔波,他说他会接受少量费用,主要用于支付汽油等开支。 McLagan 先生去年找回了 13 件丢失物品,并希望本季能达到 25 件。

第 3 页

弹道测试助力多米尼克杀害加拿大公民案定罪

2023 年被杀的 Daniel Langlois 和 Dominique Marchand 以其慈善事业而闻名

PATRICK WHITE

加勒比海岛国多米尼克的检察官在准备应对预期的上诉时表示,两名关键证人和法医弹道学证据确保了两名美国男子的定罪,他们于周二被裁定在 2023 年谋杀一对著名的魁北克夫妇案中有罪。 陪审团裁定 Jonathan Lehrer 和 Robert Snyder Jr. 谋杀蒙特利尔企业家 Daniel Langlois 及其伴侣 Dominique Marchand 有罪。这对夫妇因资助慈善事业和建设奢华度假村而在整个多米尼克享有盛名。 审判于 7 月 1 日开始,期间执行全面的禁言令,禁止公开报道诉讼程序。 随着禁言令现已解除,特别检察官 Keith Scotland

日本救援人员在地震废墟中搜寻,死亡人数上升

山口真理(MARI YAMAGUCHI) 熊本,日本

周三,在一次造成日本西南部至少 18 人死亡(包括一名外国人)的强震之后,士兵和应急工作人员在一家受损严重的购物中心和坍塌的房屋中搜寻被困幸存者。县政府表示,前一天袭击九州岛南部主岛熊本地区的 7.1 级地震还导致至少 62 人受伤,其中 6 人伤势严重。伤亡人数在稳步增加,引发了人们对其可能继续上升的担忧。

最严重的损坏发生在鹿岛市的永旺购物中心(Aeon Mall),地震发生时那里有数千人聚集。该公司表示,约 3,000 名顾客在商场另一区域发生气体爆炸前被疏散到停车场,当时该区域仍有部分人员在工作。

小野文香(Fumika Ono)在购物中心与姐姐购物时,地面剧烈摇晃,导致她失去平衡并迅速下蹲。孩子们开始尖叫,商品散落在地板上。这名 19 岁的少女是成功安全逃离的购物人群之一。

由于天气酷热,救援人员在顶着高温工作的同时,也加深了人们对幸存者的担忧。目前尚不清楚可能还有多少人失踪。购物中心的二楼坍塌,导致人员被困。目击者称,爆炸带来的震动与地震一样剧烈。

根据永旺总裁吉田昭雄(Akio Yoshida)的说法,目前仍有 3 人失踪,购物中心现场已确认 4 人死亡。吉田先生在熊本举行的新闻发布会上表示:“我们非常严肃地对待这次发生的爆炸以及造成的生命损失”,随后他与另外两名高管深深鞠躬。

日本媒体拍摄的购物中心画面显示,部分天花板已坍塌,金属碎片和其他瓦砾散落各处,戴着头盔和口罩的救援人员正在区域内搜寻。

74 岁的松永清(Kiyoshi Matsunaga)住在购物中心附近,地震时他正在几个街区外的一家超市里。他说,周二的地震让他想起了 10 年前袭击熊本并造成 50 人死亡的致命地震。当摇晃开始时,他正推着购物车走向收银台,随即停在了原地。物品从……

11 岁失踪男孩被发现死亡,卡尔加里警方表示

马修·斯凯斯(MATTHEW SCACE) 卡尔加里

卡尔加里警方表示,一名自 7 月 16 日起失踪——其失踪引发了警员和社区成员大规模搜寻——的 11 岁男孩已被发现死亡。

卡尔加里警局局长凯蒂·麦克莱伦(Katie McLellan)表示,在一名市民于该市东北部一个工业园区附近的涵洞口发现其鞋子后,该男孩帕克(Parker)于周三下午在该市一条主要高速公路附近的管道网络深处被发现。

“近两周以来,许多人在醒来时都希望这一天就是帕克回家的日子,”麦克莱伦局长在卡尔加里警察总部举行的一场傍晚新闻发布会上告诉记者。

“相反,我们现在在这里分享的消息,对于他的家人以及所有承载着那个希望的人来说,都是令人心碎的。”

警方表示,他们已经停止了搜寻。

这一消息为这场大规模搜寻画上了悲剧性的句号。搜寻始于这名 11 岁男孩离开警方所称的“日托之家”后未返回。

自他失踪以来,警方一直认为发生刑事案件的可能性较低,且在周三表示,他们仍然认为他是出于自身意愿走失的。

帕克患有神经多样性且无法用言语交流。“帕克以他自己的方式体验世界,”他的家人在之前由警方分发的的一份未署名声明中写道。

数百名警员和数千名卡尔加里居民一直在搜寻

[[IMG_XXXX]] 工人周三走过熊本县八代市一座受损且部分坍塌的房屋,此前一天西南日本发生地震。 YUICHI YAMAZAKI/AFP VIA GETTY IMAGES

(文中此处缺失部分内容)

...说弹道测试提供了对他有利的决定性证据。 “他们从丹尼尔·朗格洛伊斯(Daniel Langlois)的尸体中取出了两枚已发射的子弹,并将其与乔纳森·莱勒(Jonathan Lehrer)的枪联系起来,”他告诉《环球邮报》。“那是极其关键的证据。”

被定罪男子的律师未回应采访请求。

这对夫妇被焚烧后的遗骸于 2023, 12 月 1 日在一条偏僻的道路上被发现,随即引发了广泛的警方调查和起诉,在耗费了该国有限的司法资源后,最终于周二在多米尼克共和国首都罗索的一个法庭上落下帷幕。

陪审团经过两小时评议后做出裁决。当地媒体的视频显示,检察官走出法院时,一小群庆祝这一决定的当地人欢呼道:“干得好”。

在调查初期,警方推测朗格洛伊斯先生和马尔尚(Marchand)女士是在莱勒先生拥有的可可农场 Bois Cotlette 附近的某处被枪杀在他们的日产汽车内。他们认为,凶手随后将日产车开到一条山路上并点火焚车。

(文中此处缺失部分内容)

...书架。他回忆说,他无法移动。 “我很害怕,”他说。

日本是世界上最易发生地震的国家之一。

在沼津地区,一座 16 世纪佛教寺庙的一对寺门坍塌了。它们在五年前刚刚修复过。

该寺庙的副首席祭司清澄由纪(Yuki Kiyozumi)回忆起她由于地震过于剧烈而不得不在地板上爬行的情况。她刚从一次会议回家,正准备喂猫。

“我甚至不知道我们是否能再次重建它们,或者如何重建,”她在清理受损的装饰品和家具时说道。

根据熊本县政府灾害小组的消息,在附近的八代市,日本制纸工业(Nippon Paper Industries)工厂的一座烟囱坍塌,导致 5 人死亡,另有 7 人从碎片中获救。

据信仍有 4 人...

在将其推下悬崖之前,(将)尸体留在内部。 这位加拿大商人与美国可可种植者之间一直陷入一场持久的法律战,争端围绕一条横贯 Bois Cotlette 且作为前往 Coulibri Ridge 主要通道的道路展开。后者是 Langlois 先生的豪华生态度假村,于 2022 年开业,并为这个人口约为 72,000 人的、遭受飓风袭击的国家带来了急需的旅游资金。 公众舆论倾向于支持 Langlois 先生。他在魁北克创立并出售了一家开创性的 3-D 动画公司,该公司以参与《侏罗纪公园》和《泰坦尼克号》等作品而闻名,随后他在 1990 年代后期将巨额财富带到了多米尼克。 在 2017, 飓风玛丽亚摧毁该岛后,Langlois 先生发起了一个名为“韧性多米尼克”(Resilient Dominica)的组织,该组织资助了学校午餐计划,为学生提供太阳能照明灯,出资重建了一所小学,并建设了一个用于灾害疏散的码头。 在逮捕发生后不久,当地人告诉《环球邮报》,他们对多米尼克的司法系统几乎没有信心,

被困在那里,据称。 根据越南政府的消息,在首例报道的外籍人士死亡事件中,一名越南技术实习生在工作的工厂内被掉落的起重机砸死。他于 1 月抵达日本。该工厂的其他 7 名越南技术实习生已安全撤离。 另外,一名嫁给工人的越南女性在墙壁坍塌时受伤,目前正在医院接受治疗。 熊本官员表示,近 34,900 户家庭仍未恢复电力供应,约 15,000 户家庭没有自来水。 超过 8,800 人离开家中住在 400 多个避难所中,那里正在增加电源以提供空调。 警方航拍画面显示,住宅区的一些房屋被完全夷为平地,其中几栋甚至坍塌进了附近的一条河中。

自从他失踪以来就没有任何线索。调查人员难以追踪他最近行踪的 CCTV 监控证据,卡尔加里警方投入了 400 多名警员进行搜寻。 警局部署了空中支援、警犬资源、山地自行车巡逻、骑马巡逻,并对附近的河道和铁路进行了广泛搜索。在 Parker 失踪后的第三天,警车在社区中缓慢行驶,播放他喜爱的电影曲目(如《冰雪奇缘》中的《Let it Go》),试图引起他的注意。 与此同时,数千名居民在社区、小溪和公园中搜寻这个男孩以及任何关于他行踪的证据。在他最后被目击到的卡尔加里东北部社区,志愿者们聚集在停车场

支撑案件的基石,并担心总理罗斯福·斯凯里特(Roosevelt Skerrit)会代表 Lehrer 先生干预此事。Lehrer 先生参与了一项政府的“投资入籍”计划,该计划向外国投资者授予护照。 Skerrit 先生的政府聘请了一位岛外的特别检察官 Scotland 先生来办理此案,他是一位来自特立尼达和多巴哥的知名律师及议会议员。 “从相关人员被起诉起,我们就向此案投入了大量资源,”多米尼克公诉局局长 Sherma Dalrymple 在一次采访中表示。“我们处理迅速,程序正确,并且非常致力于获得定罪。” Dalrymple 女士表示,两名证人的证词构成了他们案件的核心,证明了美国人在谋杀发生时出现在犯罪现场附近。 据 Dalrymple 女士称,第一位证人是 Norville Williams,他是 Bois Cotlette 的一名员工,在魁北克夫妇在车内被枪杀时就身在现场。他的证词将 Lehrer 先生置于...

有许多需要策划的搜寻区域,一群当地居民自发组织起来,共同努力寻找他。

麦克莱南局长表示,警方在周二收到一名市民的举报,称在 Deerfoot Trail 西侧的一个涵洞口发现了一双鞋。Deerfoot Trail 是贯穿卡尔加里南北的一条主要高速公路。

她表示,这双鞋与帕克最后一次被见到时所穿的鞋子相似。

卡尔加里警察署的里奇·沃尔警佐表示,这一线索促使警员继续沿管道向下搜寻,最终将他们引导至 Deerfoot Trail 的另一侧。

那个涵洞约四英尺宽,随后分叉为一系列较小的管道——宽度在 2 到 3 英尺之间——男孩是在周三下午 2:30 左右在此被发现的。

达林普尔女士表示,第二名证人是一名德国徒步旅行者,他恰好出现在两个现场,并就其在路上与斯奈德先生的遭遇作证。

根据多米尼克法律,陪审团审判是唯一选择。达林普尔女士和斯科特兰先生都表示,他们预计对方会提起上诉,届时将由三名法官组成的小组进行裁定。

“在这种案件中,他们通常会提起上诉,但我们确信我们能在这一事项的上诉中进行有效辩护,”达林普尔女士说。

量刑定于 9 月进行。

尼尔·苏特是一名加拿大建筑经理,曾在 Coulibri Ridge 工作并与这对夫妇成为朋友。他说,只有在上诉程序维持原判后,他才会感到宽慰。

苏特先生表示,朗格洛瓦先生和马尚女士的去世给这个国家留下了巨大的空缺。

“他们在多米尼克所做的一切确实令人惊叹,”他说。“而这在多米尼克是无法被替代的。他们是为人低调、令人惊叹的人。”

日本自卫队加入了搜救人员的搜救行动。数百名专业人员参与了此次行动,其中包括来自台湾的消防员。

“仍有人在等待救援,这是一场与时间的赛跑,”高市早苗首相说。“我们将全力以赴,尽可能地寻找并救出更多的人。”

高市女士表示,政府正准备向受灾严重地区运送食物和其他必需品。她还向遇难者表达了哀悼,向其亲属表示同情,同时敦促地震受影响者在炎热天气下注意身体。

高铁服务仍处于暂停状态。尽管阿苏熊本机场周三恢复运行,但部分航空公司出于预防措施取消了航班。

美联社 (ASSOCIATED PRESS)

他表示,发现时间是在下午。

沃尔警佐说,尸体是在进入管道 450 到 500 英尺之间的地方发现的。他补充说,卡尔加里消防局的水上救援队被调来安全地回收尸体。

“我们很高兴能把帕克带回家……但对于未能救活他,我们感到非常沮丧,不过能找到他已经是一种宽慰了,”沃尔警佐说。

麦克莱南局长说:“帕克的家人请求在面对这一沉痛损失时能拥有私人空间。”

她感谢数千名参与搜寻男孩的卡尔加里居民。她说,帕克的家人知道在寻找孩子的过程中,他们并不孤单。

“在每一份搜寻地图、每一次简报、每一个线索以及花费在寻找上的每一个小时背后,都是一个被家人深深爱着的男孩。”

Page 4

I

乌克兰袭击伊朗货船

使两场战争之间的界限变得模糊

德黑兰方面放弃了 报复的威胁, 在两场冲突 面临合并威胁之际, 这是一个罕见的好消息

MARK MacKINNON 资深国际记者 伦敦

分析

这本可能成为第三次世界大战的开端。目前,周六袭击里海一艘伊朗船只的乌克兰无人机,仅仅是进一步模糊了世界上两场持续进行的大规模战争之间的界限。

在最近几天,最糟糕的情况几乎地展开,据《纽约时报》的一篇报道,伊朗准备通过向一座未具名的乌克兰港口城市发射弹道导弹来进行报复。现在看来,伊朗领导层在最初于社交媒体上宣布乌克兰的袭击“不能不给予回应”之后,已被说服寻求另一种形式的报复。

这次退让是一道罕见的希望之光(尽管在东部时间周二晚些时候,伊朗……)

[[IMG_XXXX]] 安全部队和应急人员周三在伊拉克迪亚拉省al-Miqdadiyah区北部的袭击现场工作。美国与沙特阿拉伯当天对伊拉克的袭击造成至少 20 名前准军事联盟成员死亡,该联盟包括亲伊朗团体。YOUNIS AL-BAYATI/AFP VIA GETTY IMAGES

美国在美军基地遭袭后

对伊朗发起报复性打击

QASSIM ABDUL-ZAHRA KONSTANTIN TOROPIN 巴格达

美国军方周三表示,为了回应德黑兰对美国在中东部队的袭击,美方已对伊朗目标发动打击。在这次最新的猛烈打击之前,美国与沙特阿拉伯合作袭击了邻国伊拉克境内受伊朗支持的民兵组织,造成至少 20 名战斗人员和 6 名伊朗顾问死亡。

美国中央司令部在周三晚上的社交媒体帖子中表示,此次对伊朗的新打击是“对昨日伊朗企图袭击的强力回应”。

美国总统 Donald Trump 在伊朗瞄准位于约旦且驻有美军的基地后,誓言将进行报复。

此外,根据英国海事安全公司 Ambrey 的报道,无人机袭击在埃及达米埃塔港(Damietta)的两艘天然气船上引发火灾。目前尚不清楚谁应对这次针对美国拥有的浮动存储设施和希腊拥有的油轮的袭击负责。据报道,没有人员受伤。

在经历了数日的相对平静之后,多方战线的突然升级增加了回归全面战争的风险。这也凸显了平息这场已震动全球经济且不受美国民众欢迎的五个月冲突的难度。这次战斗还可能增加人们的担忧,即美国在进一步消耗原本就已减少的、用于保卫其基地及盟友的先进弹药库存。

埃及作为美国的密切盟友和地区调解人,是中东地区在战争期间唯一免受直接军事行动影响的国家之一。一次打击通过

向中东美军基地发起突袭导弹攻击(结束了数日的相对平静)。很少有人能预测,如果伊朗向欧洲城市发射一枚或多枚导弹,接下来会发生什么。

自俄罗斯入侵乌克兰初期以来,乌克兰战争与中东冲突便交织在一起。德黑兰在 2022 年秋季开始向莫斯科供应第一批 Shahed 爆炸无人机。此后,嗡嗡作响的 Shahed 无人机几乎每晚都在恐怖袭击乌克兰城市。

在美以对抗伊朗的战争开始后的五个月里,这两场冲突在危险的距离上不断逼近。据报道,俄罗斯为其盟友伊朗提供了情报和卫星图像,以帮助其瞄准中东各地的美国军事基地。乌克兰则派遣了国产反无人机系统和专家团队,以帮助加强海湾阿拉伯国家及该地区其他美国盟友的防空能力。

相比其他任何一方,乌克兰可能会更欢迎冲突的扩大。在独自对抗规模更大的俄罗斯军队近四年半之后,能获得美国和以色列作为盟友将代表基辅的一次战略成功。

如果属实,伊朗或其盟友的行为将标志着冲突的显著扩大。 在一次椭圆形办公室活动中,当被问及伊朗是否应对天然气运输船遭到袭击负责时,特朗普回应道:“这不过是之前的重复。” “情况将会好转,”他补充道。“与此同时,我们将对他们进行强力打击,因为轮到我们打击他们了。他们知道这即将到来。他们正请求我们不要这么做。” 沙特阿拉伯指责伊拉克民兵在过去两天内向其石油设施发射无人机。一个伊拉克民兵伞形组织最初否认了这些指控,而另一个由伊朗支持的组织——也门胡塞武装则表示,他们袭击沙特能源设施是另一场相关冲突的一部分。 在 最近 一次 爆发 之前, 调解员曾对促使美国和伊朗重返谈判桌表示乐观。 一项临时协议在最近几周因霍尔木兹海峡重启的战斗而破裂,该海峡是全球能源供应的关键水道,伊朗的袭击已再次使其实际上被关闭。 一名地区官员表示,调解员“仍在尝试与双方接触”,以恢复平静并使停火重回正轨。他没有透露是否取得了进展,并在讨论这种闭门外交时要求匿名。 一名阿拉伯官员表示,地区国家将继续推动缓解局势,并补充说,由于双方继续互相发动攻击且没有停止的倾向,成功调解的前景渺茫。“我们现在处于一个非常糟糕的境地,”该官员表示,

而该国已经将伊朗(以及派遣士兵和炮弹援助俄罗斯入侵的朝鲜)视为敌对国家。 这也符合乌克兰对这两场战争本质的认知。《环球邮报》曾在 2023 年底访问了基辅,就在 2023 年 10 月 7 日,由伊朗支持的巴勒斯坦民兵组织哈马斯对以色列南部发动袭击,使中东走上当前局势不久之后。 《环球邮报》会见的一位官员是米哈伊洛·波多利亚克,他当时是乌克兰总统泽连斯基办公室的关键发言人。波多利亚克先生讨论了 10 月 7 日的惨剧以及刚刚在加沙开始的战争——他预测这场战争将转移世界对其国家所发生事情的注意力。《环球邮报》询问了波多利亚克先生对更广泛的巴以冲突的看法。 乌克兰在寻求结束军事占领以及希望世界维护国际法方面,是否与巴勒斯坦人(指巴勒斯坦权力机构,而非哈马斯)有共同目标? 波多利亚克先生对这个想法感到反感。他说,乌克兰与巴勒斯坦人没有任何共同点。乌克兰认为自己与以色列的情况一样——是一个孤独的民主-

一位要求匿名的人士在描述对局势的内部评估时表示。

敌对行动的重启导致油价飙升。国际标准布伦特原油价格上涨 7.3%,达到每桶 88.093 美元。伊朗的准军事组织革命卫队在由国家运行的 IRNA 通讯社发布的声明中表示,其向约旦的穆瓦法格·萨尔蒂空军基地(Muwaffaq Salti Air Base)发射了弹道导弹,该基地是美国在该地区的重要军事枢纽。

约旦军方表示,五枚伊朗导弹已被拦截并摧毁。目前没有关于人员伤亡或财产损失的即时报告。

美国军方随后宣布,针对据称对沙特阿拉伯发起的无人机袭击,美国和沙特战斗机打击了伊拉克东部的多个后勤和武器站点。沙特国防部警告称,其“不寻求升级,但将对任何侵略行为做出回应”。

人民动员部队(Popular Mobilization Forces)是一个主要由伊朗支持的什叶派武装团体组成的联盟,在官方上隶属于伊拉克军队。该组织表示,在夜间袭击中,至少 20 名战士死亡,32 人受伤。根据两名伊拉克民兵官员在接受美联社采访时(因未获授权公开评论而要求匿名)提供的信息,另有六名伊朗顾问被杀。伊朗马卡齐省(Markazi province)负责政治、安全和社会事务的副省长告诉伊朗国家媒体,有四名顾问被杀。

该联盟在 2014 年伊斯兰国组织占领伊拉克大片地区后加入了对抗该组织的战斗。

民主,且面对着危险的专制邻国。他说,现在是打击并摧毁这些邻国的时候了,否则暴力循环将无限期地持续下去。

在加沙、黎巴嫩和伊朗的多年战争中,乌克兰一直是世界上最支持以色列的国家之一——并且它几乎已经确认,周六故意袭击了伊朗货轮,此次袭击造成一名水手死亡。

乌克兰驻特拉维夫大使叶夫根·科尼丘克(Yevgen Korniychuk)周日告诉以色列 N12 频道,该伊朗船只是一个合法军事目标,因为它装载了发往俄罗斯的导弹和无人机零部件。“这不是我们第一次打击此类军事目标,当然你们可以期待我们再次打击他们,”科尼丘克先生说,并补充称乌克兰和以色列正在对抗“同一个敌人,以及同一个‘邪恶轴心’的不同侧面”。

这种语言此前被用来将世界划分为阵营,将国家分为“与我们在一起”或“与他们在一起”的小组。如果伊朗采取诱饵并对乌克兰发动直接攻击,那么加拿大、欧盟和其他国家对美国所持的许多顾虑将会消失。

随着基辅加大对莫斯科的压力,

乌克兰袭击了两座俄罗斯主要炼油厂

HANNA ARHIROVA BARRY HATTON 基辅

据官员周三表示,乌克兰军队在最新的远程袭击中摧毁了两座俄罗斯最大的炼油厂,基辅正深化其对莫斯科在经济、军事和外交方面的压力。乌克兰利用国产武器几乎每天进行的远程无人机和导弹袭击,数月来一直打击俄罗斯的石油设施。在俄罗斯全面入侵其邻国四年多后,这次行动引发了一场令克里姆林宫尴尬的燃料危机。

乌克兰安全局和总参谋部在分别发表的声明中称,昨夜的袭击在俄罗斯彼尔姆地区的一家卢可可(Lukoil)炼油厂(距离乌克兰 1,500 公里以上)以及一座位于梁赞的炼油厂(距离边境约 400 公里)引发了火灾。据乌克兰称,这些炼油厂的年总产能约为 220 million 桶石油,对俄罗斯的军事行动及其政府财政收入具有至关重要的贡献。目前尚无法立即独立核实这些说法。

梁赞州长帕维尔·马尔科夫(Pavel Malkov)仅表示,在一次无人机袭击后,有六人被送往医院。他表示,无人机碎片导致未指明的“工业场地”起火。俄罗斯在线零售商 Wildberries(一家被比作亚马逊的主要供应商,也是乌克兰近几日的目标)表示,已将其梁赞设施的员工撤离,但未提供进一步细节。俄罗斯拥有先进的防空系统,但其辽阔的领土难以实现全面覆盖。

在这些袭击发生前数小时,总统弗拉基米尔·泽连斯基(Volodymyr Zelensky)周二访问了华盛顿,与美国总统 唐纳德·特朗普 举行会谈,以争取美国在乌克兰对抗其体量大得多的敌人的战斗中提供更多至关重要的帮助。

“俄罗斯必须感觉到,这场战争的每一天都将使其付出更高的代价。我们需要削弱侵略者,并保持压力,使这场战争的终结提前到来,”泽连斯基在社交媒体上表示。

乌克兰近期在对抗俄罗斯方面取得的几次高调成功给华盛顿留下了深刻印象,并在 唐纳德·特朗普 在其第二任期之初不愿继续支持基辅后,帮助恢复了美国的善意。此前那种立场曾引发人们担心乌克兰和欧洲必须独自面对俄罗斯的侵略。

泽连斯基表示,他与美国总统进行了一次“良好的会谈”,而 唐纳德·特朗普 将这次会晤描述为“巨大的荣誉”。会谈在闭门状态下进行。

“我们讨论了很多事情。会议进行得非常顺利!” 唐纳德·特朗普 在 Truth Social 上写道。

泽连斯基表示,在乌克兰推动对俄罗斯实施更多制裁之际,他还与 美国参议院 两党的代表在华盛顿举行了会谈,共有 60 多名参议员出席。在欢迎雷神公司(Raytheon)代表团访问基辅几天后,他还与洛克希德马丁(Lockheed Martin)的代表进行了会面。这些美国武器制造商是先进武器(如爱国者防空系统)的关键来源,而乌克兰希望能够自行生产此类武器。

唐纳德·特朗普 本月早些时候表示,他将授予乌克兰许可证,以制造其应对俄罗斯弹道导弹所需的爱国者导弹。泽连斯基表示,乌克兰正与洛克希德马丁和雷神公司讨论联合生产和技术交流。乌克兰准备分享其尖端且经过实战检验的无人机技术。其迅速的技术创新已产生回报,帮助其在前线牵制俄罗斯规模更大的军队,并通过打击后方地区切断其供应。这给世界各国留下了深刻印象。

美国驻 北约 大使马修·惠特克(Matthew Whitaker)在访问期间表示

乌克兰本周早些时候:“从侦察和后勤到精准打击,乌克兰向世界展示了无人系统如何能给规模较小的部队带来决定性优势。”尽管特朗普政府进行了为期一年的外交推动,但停止战斗并达成和解的前景似乎依然暗淡。但据一名被允许匿名讨论此次闭门会议的知情人士透露,美国官员也同意,总统的主要特使史蒂夫·威特科夫(Steve Witkoff)和贾里德·库什纳(Jared Kushner)将在未来某个时间前往基辅。

[[IMG_XXXX]] 唐纳德·特朗普总统针对伊朗的战争。

伊朗对乌克兰的袭击,特别是造成重大平民伤亡的袭击,可能会迫使加拿大和欧盟更坚定地选边站队。世界很可能会发现自己分裂在科尔尼丘克(Mr. Korniychuk)先生所指的“轴心”与反对者之间——且双方都拥有庞大的核武库。中国将不得不评估其与俄罗斯的“无上限”伙伴关系究竟能走多远。

截至周二,当特朗普先生先后在白宫与泽连斯基先生以及以色列总理本雅明·内塔尼亚胡(Benjamin Netanyahu)分别举行会谈时,这种情况尚未发生。并没有关于建立一个对抗莫斯科-德黑兰“轴心”之联盟的公开讨论。

相反——在《纽约时报》所描述的“一系列密集外交活动”之后——乌克兰外交部长安德里·西比哈(Andriy Sybiha)与其伊朗同行阿巴斯·阿拉格齐(Abbas Araghchi)举行了紧急电话会议。西比哈先生随后在社交媒体上发帖称,乌克兰“从未打算将平民船只或人员作为目标”。阿拉格齐先生则从威胁袭击转向谈论“损失赔偿”。

换句话说,理智占据了上风——欧洲和中东的战争继续分别燃烧。目前如此。

Page 5

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Page 6

前保守党内阁部长

参选多伦多市长

观察人士表示,此项参选 可能会分走 市长 Olivia Chow 另一位 挑战者的选票

马修·弗兰克 (MATTHEW FRANK)

前联邦保守党公民及移民部长克里斯·亚历山大 (Chris Alexander) 已在多伦多秋季选举中登记为市长候选人,他将自己塑造为一个为市政政治带来外部视角的人。亚历山大先生曾任一名任期的国会议员,代表东郊的 Ajax-Pickering 选区,并在 2013 年至 2015 年期间担任前总理斯蒂芬·哈珀 (Stephen Harper) 的内阁成员。

他的参选有可能改变竞选动态,因为市长 Olivia Chow 正寻求连任,其对手是市议员布拉德·布拉德福德 (Brad Bradford)。布拉德福德是一位中右翼市政政治家,他在 2023 年输给了 Chow 女士,并被广泛视为她最强有力的挑战者。

政治观察人士表示,亚历山大先生的参选可能会分走布拉德福德先生的选票,从而使 Chow 女士受益。

周三,亚历山大先生与妻子和三个孩子一起抵达多伦多市政厅,签署 10 月 26 日举行的选举候选人登记文件。尽管此前与保守党有联系,但他告诉记者,他已经超越了党派政治,且这座城市需要中间派的领导才能取得成功。

“正如加拿大的民主制度一直证明的那样,当来自特定政治领域之外的人将他们的专业知识和经验投入其中时,这不仅没有损害,而且通常是有帮助的,”他说。“我就是这些人中的一个。”

在进入联邦政坛之前,在多伦多长大的亚历山大先生曾担任驻阿富汗大使,并在该国生活了 6 年,期间

自由党阻挠委员会对戈迪·豪桥协议的调查

伊恩·贝利 (IAN BAILEY) 渥太华

自由党议员挫败了保守党的一项努力,后者试图就总理马克·卡尼 (Mark Carney) 与美国就戈迪·豪国际大桥 (Gordie Howe International Bridge) 运营达成的协议强制进行详细听证。

加拿大同意在 15 年内将该大桥净通行费收入的一半交给美国,这使得特朗普政府放弃了对这座耗资 $6.4 十亿大桥开通的反对意见。

保守党议员于周三召集下议院政府运营与预算委员会会议,敦促对上周全文公布的收入分成协议进行研究。

该协议的公布与卡尼先生早前对该交易的描述相矛盾:总理此前曾表示,在加拿大偿还建设大桥的债务之前,通行费将不会与美国分成。随后他承认,自己在解释该交易性质时不够清晰。

保守党指责自由党向美国妥协,且未能对加拿大纳税人和企业保持透明。

在委员会讨论的一项保守党动议中,三位内阁部长将被要求在议员面前就大桥协议作证:加拿大-美国贸易部长多米尼克·勒布朗 (Dominic LeBlanc)、基础设施部长格雷戈尔·罗伯逊 (Gregor Robertson) 以及财政部长弗朗索瓦-菲利普·香槟 (François-Philippe Champagne)。该动议还要求公布与美国签署的所有协议草案,以及由议会预算专员对该大桥进行经济分析。

保守党委员会成员丹·阿尔巴斯 (Dan Albas)

我希望该委员会能以应有的严肃态度对待这一问题。


约 10,000 名联邦公职人员申请提前退休计划

渥太华 约 10,000 名联邦公职人员已申请政府的提前退休计划,该计划是削减官僚人员数量计划的一部分。

去年 12 月,政府开始向约 68,000 名可能符合条件的公职人员发送包含该计划信息的信函。

年仅 50 岁且至少有 10 年工作经验的员工……

[[IMG_XXXX]] 前联邦保守党内阁部长克里斯·亚历山大 (Chris Alexander) 周三在市政厅登记为多伦多市长候选人,市长选举计划于 10 月 26 日举行。 MATTHEW FRANK/THE GLOBE AND MAIL

他说他欢迎这座新桥,并承认在与特朗普政府打交道时面临挑战。然而,他表示,加拿大纳税人有权就该协议为何获得批准以及马克·卡尼为何发表矛盾陈述获得解释。他还要求公布该协议的财务模型。

“我确实希望委员会能以应有的严肃态度对待此问题,而不仅仅是将其摒弃,”Albas先生说道。

最终,委员会的自由党成员在对保守党动议进行投票前,投票决定休会。

在两小时的辩论中,自由党议员重点关注该桥现已开放且为加拿大人带来经济利益这一事实。“这对加拿大和美国来说是一个巨大的好消息,”汉密尔顿议员John-Paul Danko说道。

自由党议员Caroline Desrochers表示,她尚未听闻保守党在面对该桥的情况时会采取什么样的不同做法。

“你们愿意让这座桥保持关闭状态多久?”她说道,“在当前环境下,这是对纳税人最有利的方案。”

据官方反对派发言人称,会议期间,保守党党魁皮埃尔·波利埃夫雷(Pierre Poilievre)曾在委员会会议室短暂出现,与他的党团成员打招呼,但并未正式向委员会发表讲话。

在会议结束前不久,Desrochers女士指出,波利埃夫雷先生此前在房间内停留了约 20 分钟,声称他占用本可用以讨论保守党动议的时间。

“鉴于此,主席先生,我建议休会,”她在休会投票前说道。

DAN ALBAS 保守党委员会成员

用及至少两年的可计入养老金的服务年限具有申请资格。成功的申请人可以根据服务年限立即领取养老金,提前离职不受处罚。

申请截止日期已于上周截止,截至周二,已收到 10,006 份申请。

财政部部长Shafqat Ali的发言人Mohammad Kamal表示,已有超过 6,855 名申请人符合资格标准,随着更多申请进入审核程序,这一数字还将增加。

政府目前仅拒绝了 41 份申请。

根据该计划,公职人员最晚的退休日期为 20, 2027 年 1 月。

加拿大财政部秘书处发言人Rola Salem在本月的一封电子邮件中表示,决定将

加拿大军队部署在当地。

在 2016-17, 年,他竞选联邦保守党党魁。此后,他成为了加拿大国际理事会和麦克唐纳-劳里埃研究所的会士,并担任顾问。

Alexander先生表示,他决定参选是为了给多伦多指明方向,他认为多伦多在经济上处于停滞状态。他表示,他的外交和联邦政府职业生涯在团结人们解决“复杂问题以寻找解决方案”方面提供了经验。

虽然Alexander先生表示具体的政纲将在“未来几周”内公布,但他的重点将放在住房可负担性、安全以及改善公共交通方面。

《环球邮报》本月早些时候报道称,前多伦多市长John Tory在Alexander先生决定参选前向其提供了通用建议。

Alexander先生的联邦政治生涯被 2015 年联邦

活动,当时他的政党建议设立一条“野蛮文化习俗”举报热线,用于报告荣誉杀人、强迫婚姻和多妻制事件。亚历山大先生在那次选举中将席位输给了自由党。

作为该提案的主要推动者,亚历山大先生此后将其描述为一个错误。

“我确实对此感到遗憾,我也承认我们在处理这个问题上的方式不对,”他在周三表示。“但我并不否认我在这个问题上的信念和价值观,这关系到各地女性和女孩的权利,尤其是在像阿富汗这样的地方。”

周女士未能接受采访,未对亚历山大先生发表评论,并表示她将在秋季就选举问题发表讲话。

布拉德福德先生也未能接受采访。

周三在就亚历山大先生加入市长竞选与记者交谈时,他表示“我从未听说过他”,同时称

卡尼与史密斯宣布

阿尔伯塔省住房计划

比尔·格雷夫兰 (BILL GRAVELAND) 红鹿,阿尔伯塔省

总理马克·卡尼 (Mark Carney) 周三来到阿尔伯塔省核心地带,宣布住房资金支持,并在一部油菜喷雾机上就座,同时在远处听到了挥舞旗帜的分离主义者的指责。

卡尼先生在阿尔伯塔省省长丹妮尔·史密斯 (Danielle Smith) 的陪同下,宣布将提供 5.1 亿-美元 ($510-million) 的联邦资金,用于各市建设水务和废水基础设施,以支持新住房建设。

“强大的社区就始于这里,始于住房,”卡尼先生告诉记者。“一个家不仅仅需要四面墙,还需要干净的饮用水和可靠的污水系统。”

史密斯女士表示,阿尔伯塔省将承担符合条件的项目成本的至少三分之一——价值高达 4.28 亿-美元 ($428-million)——在过去五年中,该省增加了 600,000 人口。

“只有当基础设施能够支持新社区时,建筑商才能开工,”她说道。“在第一把铲子破土之前,必须在后台,且在地下完成大量工作。”

史密斯女士和卡尼先生还宣传了共同开展的项目(包括能源领域),这些项目是在近期多次与其它省长和领导人共同举行的会议中敲定的。

“省长说——我想她现在对此感到后悔——她见我的次数比她见……

退休是一个个人选择,部门对于提前退休并没有设定具体目标。

“在员工考虑其选项并做出正确决定时,我们将继续为他们提供支持,”他说道。

在其 2025 预算中,自由党政府承诺到 2029, 年 4 月前,将公职人员数量从 2024 年峰值近 368,000 人的规模削减约 40,000 人。

他表示,他对选票的分裂没有担忧。

他认为亚历山大先生在拟议的“野蛮文化习俗”举报热线中所扮演的角色令人担忧。

“在世界上最多元化的城市里,持有这种观点的人,我认为不适合担任这一职位,”他在多伦多市政厅的记者会上说道。

非营利公民团体“一个更好的多伦多市”(A Better City Toronto) 的执行董事凯莉·艾齐科维茨 (Kelly Aizicowitz) 一直主张反对周女士,她表示,任何投给亚历山大先生的票实际上都是投给了现任市长。

她表示,需要一场“双马竞逐”的比赛才能与周女士竞争。

“如果克里斯·亚历山大 (Chris Alexander) 决定留在竞选中,并在没有可靠获胜路径的情况下继续制造干扰,这会分散人们对多伦多市民所面临问题的讨论,”她在一次采访中说道。

亚历山大先生告诉记者,他的竞选并非基于瓜分选票,并表示“多伦多市民的选票不是一块让战略师在闭门会议中瓜分的饼”。

多伦多都会大学政治学名誉教授迈尔·西米亚蒂基 (Myer Siemiatycki) 同意亚历山大先生的参选给布拉德福德 (Mr. Bradford) 先生的竞选带来了挑战,因为现在出现了两个替代现任市长的选项。

“这使得周市长能够真正专注于她自己的履历,并继续强调她在任三年间为多伦多所能完成和实现的成就,而布拉德福德先生和亚历山大先生可能会花相当多的时间在互相攻击上。”

他补充说,亚历山大先生可能很难将他的联邦政府经验转化为优势,因为他仅担任过一届政治人物,这也提醒人们想起了那起举报热线丑闻。

“丈夫,”他开玩笑地说道,史密斯女士随之笑了起来。

他表示,自 2025 年赢得选举以来,这已经是他第 10 次回到自己的家乡省份。他表示,两级政府“拥有共同的抱负,以及完成工作的共同目标感和紧迫感”。

周三,当马克·卡尼在炎热的夏日阳光下演讲时,远处一群挥舞着阿尔伯塔省旗的分离主义支持者发出了呐喊和叫喊声。大约有 30 人在场,被骑自行车的警察拦在远处。

马克·卡尼还宣传了贸易协议,包括一项与中国的协议,旨在为油菜籽农民解锁 $3-billion 的出口机会。

周三晚些时候,他在红鹿市南部的 Antler Valley 农场近距离查看了油菜籽。

接待他的是斯科特·麦卡利斯特(Scott McAllister)及其父亲韦恩(Wayne)。马克·卡尼登上了一台巨大的蓝色喷雾机——一个喷洒营养液和杀虫剂的设备——其轮胎的高度与他相当。

当机器缓缓驶出 Quonset 棚屋时,他坐在驾驶员旁边。

他还接受了一次关于确定油菜籽质量的速成课程。

这包括将油菜籽倒入盘中并摇晃,使质量最差的谷粒沉到底部。

“这需要一种特殊的触感,”马克·卡尼一边大笑着,一边用力地摇晃盘子。

“像淘金一样。”

THE CANADIAN PRESS

在过去的一年里,公共服务部门的人员规模减少了 12,600 人以上。财政委员会的数据显示,2025, 3 月底有 357,965 名员工,而 2026 年 3 月底为 345,282 名。

这些职位中大约有一半是联邦政府内部的临时、学生和定期职位,其余为永久雇员。

THE CANADIAN PRESS

第 7 页

三名希腊消防员

在欧洲 火势蔓延中 丧生

西班牙阿维拉和马德里地区的重大火灾趋于稳定,当局得以解除部分疏散及就地避难令

YVES HERMAN LANTON, 法国 NACHO DOCE EL TIEMBLO, 西班牙 LEFTERIS PAPADIMAS 雅典

周三,在西班牙和法国经历了数日毁灭性火灾后,野火在欧洲各地蔓延,三名希腊消防员在克里特岛和大陆地区应对强风引发的火灾时不幸丧生。一名消防部门发言人告诉路透社,两名消防员在克里特岛克里亚-弗里西(Krya Vrysi)村附近在不同火线之间行驶时被困。另一名消防员则在伯罗部分以西地区的一场独立火灾中丧生。当地人通过电话告诉路透社,由于强风导致热门度假地附近的火势失控,克里亚-弗里西及其他附近村庄的居民和游客已全部撤离。“风力大得令人难以置信——有时你根本站不稳。火焰巨大,非常恐怖,”居民克里莎·吉欧卡基(Chrissa Gioukaki)说道。火势向东南方向蔓延,朝向沿海小镇阿吉亚-加利尼(Agia Galini),那里的小港口上方山坡上林立着酒店。加利尼马雷(Galini Mare)酒店业主查拉兰波斯·塞瓦斯(Charalampos Sevvas)表示,游客在周三下午乘坐巴士和私家车撤离。

周三早些时候,欧盟应急响应中心负责人表示,希腊和意大利在未来几周将面临更高的野火风险。欧洲是全球变暖最快的大陆,今年经历了打破纪录的热浪,而人为引起的气候变化加剧了高温和干旱,使得野火传播速度更快。在过去的几天里,大火迫使西班牙和法国的大规模人群撤离,森林被焚毁,野生动物死亡。西班牙内政部长费尔南多·格兰德-马拉斯卡(Fernando Grande-Marlaska)警告称,由于强风和高温,未来“三天将非常艰难”,尽管阿维拉和马德里地区的重大火灾已趋于稳定,使得当局能够解除部分疏散和就地避难令。

与此同时,官员们对西班牙西北部萨莫拉(Zamora)省的另一场火灾发出警告。他们向六个城镇发布了疏散令,并要求约 1,000 人就地避难。西班牙气象局 (AEMET) 表示,预计周三至少有六个地区的温度将达到 40 C,这些地区已被列入橙色预警(第二高级别)。

据法国气象局 (Meteo France) 报道,在遭受毁灭性火灾袭击的法国西南部,气温预计将从周二的 33 C 左右上升,峰值将达到 41 C,而下午的干风可能会助长火势。法国消防员在夜间稳定了波尔多以西的一场重大火灾。在波尔多机场(目前保持开放)附近,有轨电车服务已恢复,酒店也重新开业。但官员警告说,野火远未结束。西南部的勒热-卡普-费雷(Le Ge-Cap-Ferret)市指出该地区出现了多次复燃,并补充说消防员已成功将其控制。

在约 30 km 之外的勒坦普(Le Temple),消防员使用消防车和水带,并在飞机的支持下,努力扑灭一场重新点燃的火灾,该火灾使树木和植被陷入火海。“考虑到预报的天气条件,尤其是下午气温将再次升高且风速增加,我们今天当然保持高度警惕,”消防指挥官马修·约曼(Matthieu Jomain)在当天早些时候告诉记者。

对森林的影响极为广泛。波尔多以西的朗德(Landes)地区是一个热门旅游目的地,那里的野火已摧毁 42,000 公顷的森林(主要是松树)。由于火势威胁到大西洋沿岸仅有一条公路可进入的卡普费雷(Cap Ferret)半岛,当局已疏散了约 220,000 人,其中包括度假者和当地居民。约 60,000 人已被允许返回。拉斐尔·福汉诺(Raphael Fohanno)无法相信发生了什么

他父母位于比斯卡罗斯(Biscarrosse)小海滨城镇的房屋也遭到了法国西南部山火的袭击。“想到就在一小时前我还待在房间里,而现在什么都没剩了,这太令人震惊了,”18 岁的 Fohanno 先生说道。在他出门期间,他的父母和姐姐被直升机撤离。法国气象局(Meteo France)表示,从周四起,由于一些雷阵雨、气温降低和湿度增加,法国西南部的危险等级可能会下降,但东南部仍将维持高风险。警方表示,近日该地区有四人被捕,其中一人涉嫌从撤离房屋中盗窃珠宝,两人涉嫌从波尔多(Bordeaux)的一个撤离中心盗窃食物,还有一人冒充治疗师向撤离者提供付费咨询。在西班牙,虽然阿维拉(Avila)和马德里(Madrid)等中部省份的情况有所改善,但由于天气条件引发了多次复燃,卡斯特隆(Castellon)东部的一场大火在烧毁超过 10,000 公顷土地后仍处于失控状态。在卡斯特隆,约 10,000 名被撤离的居民仍无法返回家中。但在希望之光闪现的时刻,得益于当地人的努力,该省拉维拉韦拉(La Vilavella)一家安置了数十匹马的兽医医院在火海中幸存。“奇迹存在。我们获救了!”兽医 Oscar Quemades 说道。更频繁且剧烈的热浪正导致数以千计的超额死亡,并日益干扰日常生活,从导致公路和铁路交通瘫痪到阻碍河流航运。路透社在西班牙阿维拉省埃尔蒂恩布洛(El Tiemblo)拍摄的无人机画面凸显了乡村和野生动物遭受的破坏,画面显示在一片被烧成灰烬的森林中,有被烧焦的鹿类尸体。一名自称 Cintia 的马德里居民对埃尔蒂恩布洛的景象感到惊恐,那里是她经常光顾的地方。“我们以前常给动物们带食物,”她说,“看看现在这里变成了什么样子。”

过去几天,大火迫使西班牙和法国的大规模人群撤离,森林被焚毁,野生动物死亡。

“虽然我们将继续为我们的国际执法合作伙伴提供支持,但加拿大皇家骑警(RCMP)不对其他国家开展的调查发表评论。”

一份由欧洲新闻财团(包括欧盟新闻平台 Follow the Money 和比利时国家新闻机构 Le Soir)发布的报告将这名加拿大实习生命名为 Claire Z.,并称她在表现出可疑行为(包括在北约(NATO)建筑周围徘徊并询问问题)后,引起了欧洲盟军最高司令部(SHAPE)内部反情报部门的注意。

SHAPE 将该信息分享给了比利时军事情报局。随后该事项被移交给比利时联邦检察官办公室,后者启动了调查。

Follow the Money 的报告引用一名消息人士的话称,这名加拿大年轻女性表现出的行为已经超出了——

来自弗雷斯内迪利亚斯-德-拉-奥利瓦(Fresnedillas de la Oliva,位于马德里(Madrid)以西 40 公里以外)的 Nuria Sanchez 在火灾后正重新考虑是否与女儿一起留在乡村。MARCUS YAM/THE GLOBE AND MAIL

西班牙:小镇动员为老人提供处方药,为儿童开放游泳池

来自 A1 版

来自 A1 版

这种团结精神对于 48 岁的努里亚·桑切斯(Nuria Sanchez)及其家人来说是一根救命稻草,他们来自弗雷斯内迪亚斯-德-拉-奥利瓦(Fresnedillas de la Oliva),这是一个位于马德里以西 40 公里多的小市镇。

五天前,他们遵守政府警报,准备了一个为期三天的应急随身包。

但当他们被送到莫斯托莱斯(Móstoles)的避难所时,一名陌生人立即走上前问她:“你需要什么?”

“一个随机出现的家伙帮我搞到了我们要求的所有东西,”她在回忆起那名志愿者时说道。

桑切斯女士原以为她那个拥有 1,800 人的村庄是抚养女儿的好地方,但在野火之后,她现在正在重新评估是否继续留在农村。“整个西班牙都在燃烧,”她说。

就在距离莫斯托莱斯仅 7 公里的阿尔科尔孔(Alcorcón),一个艺术社区中心被改造成了一个临时安置点,容纳了 50 多人。

“我们没有床,没有毛巾,什么都没有,”亚历山德拉·罗姆(Alessandra Rom-)说道。

北约:报告援引消息人士称,被指控者

表现出的行为已超出一名实习生的范围

不列颠哥伦比亚省野火影响水电系统,克林顿居民等待消息

不列颠哥伦比亚省受火灾袭击的汤普森-尼古拉区域区(Thompson-Nicola Regional District)董事会主席表示,对于许多人来说,该地区燃烧的野火将成为他们一生中“最令人心碎的事件”之一。

芭芭拉·罗登(Barbara Roden)在周三一个约 350 人的在线会议上告诉大家,如果需要帮助请及时寻求,因为包括克林顿村(village of Clinton)在内的该地区多处物业仍处于疏散令之下,居民返回的时间表尚未确定。

“无论您对这次火灾的经历如何,无论您是刚刚发现或即将发现自己失去了财产,还是处于疏散令中远离家园的人,亦或是处于疏散警报之下的人,这都是一次创伤性的、令人恐惧的经历,”她说。

克林顿的首席执行官布赖恩·多德里奇(Brian Doddridge)在会议上表示,

ero Guijarro,一名避难所的志愿者协调员。“所以我们挽起袖子就开始工作。”

几天前抵达的第一批疏散者是来自养老院的高龄患者。小镇采取行动为他们获取在匆忙逃离时遗留的处方药。官员们拨款采购必要物资,并开放了小镇的游泳池供儿童使用。当地警方提供了接送服务。

43 岁的马利卡·图达(Malika Toudda)和 54 岁的丈夫拉希德·埃尔·库迪雷(Rashid El Koudire)此前见过火灾,但从未见过如此巨大的破坏力。这对原产于摩洛哥的夫妇乘车逃离了位于马德里西侧山脚下的原居住地塞恩西恩托斯(Cencicientos),随身仅携带了他们的西班牙和摩洛哥证件。

“衣服我可以买,”图达女士说,“但文件——我不想再次经历那些繁琐的官僚手续。”

许多疏散者带上了他们的猫狗,但图达女士不得不将他们的狗 Kiara 以及猫 Simba 和 Nala 留在原地。他们的其他亲属也

超出了一名北约实习生的范围。该报道称,根据一名安全官员的说法,有人看到她在北约建筑周围徘徊,并经常询问关于违反安全协议的假设性问题。

报道称,她于 2025 年 7 月抵达蒙斯(Mons),开始在欧洲盟军最高司令部(SHAPE)的 IT 部门实习,并将最初六个月的期限延长至一年。

新闻报道称,克莱尔·Z(Claire Z.)精通中文和英文,是人工智能专家。2022 年,她获得了一所加拿大大学的计算机科学硕士学位,并撰写过多篇学术论文。

“加拿大政府在参考加拿大安全情报局(CSIS)提供的安全评估后,决定是否向寻求国际组织(包括北约)职位的加拿大人授予、拒绝或撤销安全许可,”全球事务部的发言人布里塔尼·弗莱彻(Brittany Fletcher)表示。

物业所有者将在接下来的几天内接到电话,告知其房屋是否在面积约 668 平方公里的皮尔湖(Pear Lake)大火中幸存。

多德里奇先生说,该地区的集水区已受到“严重破坏”,目前正在开展工作以确定这对水质产生了什么影响。

“我们还不知道陆地上具体呈现的样子。我们希望尽快实地查看,”他说。

“我们知道这将影响我们的水质。虽然我们知道人们并不一定需要完美的水质才能返回家中,但在我们开始返回之前,我们需要了解这对公共卫生和我们的水处理设施意味着什么。”

BC Hydro 高级现场运营经理格雷格·杰克逊(Gregg Jackson)表示,火灾已导致

不得不挤进车里。想到她的宠物可能会死去,她就哭了。

这对夫妇和其他亲属于周三返回家中,查看他们的房子是否依然屹立。但志愿者们在周二晚上分发的新鲜馅饼(empanadas)、油炸面团、浸渍桃子和巧克力蛋糕,帮助图达(Toudda)女士摆脱了恐惧。“他们让你感到宾至如归,让你觉得自己像个小孩子,因为他们把东西直接送到你手上,”图达女士说道。

在中心外面,其他疏散人员正准备登上的一辆大型绿色城市巴士,该巴士将把他们送回被认为再次安全的城镇家中。

志愿者们拥抱着 29 岁的阿卜杜拉·阿齐兹(Abdul Aziz),他是来自卡达索-德-洛斯-比德里奥斯(Cadalso de los Vidrios)的一名电工,该地位于马德里以西约 65 km 处。这名三个孩子的父亲急于知道他的房子是否还完好无损。这是他第一次被疏散。

周三,他发送了最新情况:他的房子未受影响。但回家的路是一片被火烧焦的土地。

周二晚上,加拿大。 目前尚不清楚据称该加拿大实习生代表哪个第三国进行间谍活动。

检察官办公室表示,周四,比利时官员在计算机犯罪部门以及法医和科学部门的支持下,搜查了嫌疑人的住所及其在北约司令部内部的工作地点。嫌疑人于次日被逮捕。

欧洲盟军最高司令部(SHAPE)发言人马丁·奥唐奈(Martin O’Donnell)上校在周六的一份声明中表示,没有迹象表明北约或欧洲盟军最高司令部的作战准备、指挥与控制安排或持续任务受到了不利影响。

他在一封电子邮件中表示:“欧洲盟军最高司令部继续履行其职责,未受干扰。”“北约仍然全力致力于保护盟国人员,维护机密信息,并维持联盟赖以生存的信任与安全。”

该地区输电系统遭受了“前所未有的破坏”,数百个电力结构被摧毁,包括变电站和高压线路。

他表示,只要火势不增加,他们希望在下周晚些时候恢复克林顿(Clinton)市中心的电力。

“为了让大家有个直观的认识,在该走廊沿线,我们有 145 个结构需要更换,并且大约有七公里的电线——即连接在电线杆上的电线——需要重新铺设,”杰克逊(Jackson)先生在谈到 97 号公路及该村庄的修复工作时说道。

目前全省约有 130 场活跃的森林火灾在燃烧,其中约 50 场失去控制;与此同时,森林火灾服务部门警告称,本周将回归变暖和干燥的趋势。

加拿大新闻社(THE CANADIAN PRESS)

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S

婚前协议悖论:

许多人声称想要签署一份协议。 但只有 4% 的加拿大人这样做

几十年来,婚姻合同一直是加拿大法律环境的一部分,旨在带来清晰度和确定性,然而大多数加拿大人因其成本和情感代价而对其避之不及

ZAHRA KHOZEMA 插图 DOMINIC BUGATTO 绘

当 Sarah Baker 的未婚夫提出签署婚前协议时,她原以为这会相对简单。然而,这反而成了他们规划未来过程中最复杂、最昂贵且最令心力交瘁的部分。最初关于保护资产的对话,已经演变成了长达两年的谈判,涉及的条款包括如何处理他的出租物业,以及是否将两只狗的抚养权纳入其中。这位在多伦多工作的技术人员及其伴侣均年满 35 岁,两人在一起共建生活已有九年。他们同居了七年,拥有房产并养了宠物。“在我们在一起的时间里,我们共同成长。要理清我们所做的一切简直是一团糟,”她说道。到目前为止,Baker 女士已花费了约 $16,000 的法律费用,而她的伴侣支付了大约 $6,000 至 $8,000。她最初的预算不到 $4,000。

这个漫长的过程伴随着反复的修改以及冲突且效率低下的律师,已经开始重塑 Baker 女士对这段关系的看法。她说,这并没有找到共识,反而变得“具有对抗性”,感觉“更像是在办理离婚,而不是签署婚前协议”。婚前协议(更常被称为 prenups 或婚姻合同)几十年来一直是加拿大法律环境的一部分。它们旨在婚姻破裂时提供清晰度和确定性,但大多数加拿大人仍然避之不及,通常正是因为 Baker 女士所遭遇的成本和情感代价。婚前协议在流行文化中占据重要地位——从《恋爱盲选》(Love Is Blind) 和《真实主妇》(The Real Housewives) 等真人秀节目,到关于备受追捧的泰勒·斯威夫特 (Taylor Swift) 和特拉维斯·凯尔塞 (Travis Kelce) 婚姻假设破裂后谁将获得什么的头条新闻。现实情况远没有那么光鲜。一项由《环球邮报》(The Globe and Mail) 委托 Nanos Research 在 2026 年进行的调查发现,在加拿大各地的已婚受访者中,仅有 4% 签署了婚前协议。即使是在经常就财务问题向客户提供建议的专业人士中,婚前协议在对话中依然出奇地缺失。在担任注册理财规划师的 15 年里,在 Sun Life 旗下 Stonewater Financial Group 工作的多伦多居民 Dave Giles 表示,没有一个客户向他提起过这个话题。他认为,人们想要协议与实际签署协议之间的差距,源于围绕协议的一种强烈的“令人不适”的污名化。人们觉得这不浪漫且悲观,尤其是当你处于一段关系的“一切都将完美”阶段时。

《环球邮报》的 Nanos 调查结果支持了这一点,受访者提到的签署婚前协议的最大弊端是它可能给关系带来的情感压力以及可能引入的不信任感。Giles 先生表示,即使对于理解财务逻辑的夫妇来说,这种反弹往往足以在协议进入律师事务所之前就将其扼杀在萌芽状态。

尽管加拿大离婚率很高,但婚前协议依然罕见。加拿大统计局的数据显示,约 37% 的婚姻以离婚告终。多伦多家庭与遗产律师 Julia Fogarty 表示,分居的财务后果可能是巨大的,关于财产、债务和赡养费的纠纷会导致旷日持久的法律战,使夫妇们支付“成千上万”的费用。她说,婚前协议是分居时“一种明确划分利益的方式”。

这种法律合同最常在婚前签署,概述了如果夫妇分居,财产分割、继承、现有资产、债务和配偶赡养费将如何处理。她说,这些协议旨在具有法律约束力,但根据具体情况,仍可在法院中受到质疑。然而,对于某些夫妇来说,最大的障碍是

关键点不在于怀疑或不安——而在于成本。在《环球邮报》的 Nanos 调查中(该调查收集了 1000 多名成年加拿大人的数据),11 per cent 的受访者认为,签署婚前协议的高昂法律成本是最大的阻碍。在 18 to 34 岁的加拿大人中,这一比例上升至 16 per cent。

婚前协议的成本和复杂程度通常取决于夫妻双方试图保护的内容,以及双方之间需要多少协商。Fogarty 女士表示,在最简单的情况下,如果夫妻双方只想确保他们在进入关系前就拥有的房屋、继承财产或投资账户在婚姻结束时仍保持独立,费用可能在 $2,500 to $4,000 之间。如果对方不配合或资产更为复杂,成本则会攀升。

当然,人们希望婚前协议的前期成本能帮助避免日后更昂贵的法律战。虽然一次简单的、无争议的离婚成本约为 $1,800,但一旦夫妻开始争夺资产,法律费用会迅速增加。她说,在有争议的案件中,一次出庭费用可能高达 $5,000 to $8,000,而家庭法审判通常从 $20,000 左右起步,根据争议的复杂程度,费用可能超过 $70,000。

当有了婚前协议时,那些有争议的部分通常已经提前解决了,因此离婚往往更简单且成本更低。“前期投资可能会累积,但与[离婚]诉讼的成本相比,这简直是九牛一毛,”她说。

Fogarty 女士的许多婚前协议客户是那些进入第二次婚姻或比前几代人结婚更晚的人,他们带入关系的资产比父母当年更多。到 30 多岁时,许多加拿大人已经拥有房产、投资组合、养老金或预期会收到遗产。

但越来越多的年轻加拿大人也对婚前协议表现出兴趣,特别是在住房负担能力下降、家庭资金在房屋所有权中扮演更重要角色的情况下。常驻不列颠哥伦比亚省的律师 Aimee Schalles 表示,婚前协议仅由年长或富裕夫妇需要的传统形象正在发生转变。TD 银行最近的一项研究显示,31 per cent 的加拿大人表示希望其伴侣签署婚前协议或同居协议。年轻一代的兴趣尤其浓厚,52 per cent 的 Z 世代受访者表示他们想要一份协议。

然而,兴趣与行动之间的差距依然显著。在 TD 银行的调查中,仅有 4 per cent 的受访者表示他们已经签署了协议——这与 Nanos 调查的结果一致。

来自安大略省万锦市的 31 岁的 Harman Dosanjh 及其丈夫 Jhanan Uthayakumaran(同样 31 岁)决定在他们 6 月的婚礼前签署一份婚前协议。

PETR GUBANOV

第 9 页

2%

9%

20% 26%

其中一个可能导致变化的原因是,父母在帮助年轻加拿大人买房方面发挥的作用日益增加。Aimee Schalles 表示,由于首付款越来越多地来自家庭,因此更多父母希望在关系结束时,能够有法律保障确保这些赠与或贷款得到保护。Schalles 女士是 Jointly 的联合创始人,这是一个帮助加拿大人起草婚前协议和同居协议的在线平台。该服务包括一门教育课程,随后是一个自助协议构建器,费用通常为 $429 另加税费。需要独立法律建议的夫妇仍必须聘请自己的律师(且某些省份要求律师参与),但由于协议已经起草完成,Schalles 女士表示,这些法律费用通常比从零开始要低。根据她的经验,独立法律建议每人的费用通常在 $400 到 $800 之间,

使一对夫妇的总成本约为 $1,600 —— 大约是让律师完全独立起草婚前协议平均成本的一半。但专精于复杂、高冲突情况的 Fogarty 女士提醒道,向律师提交一份起草好的协议并不一定会降低律师费。在她看来,准备一份具有法律约束力的婚前协议,其中大部分工作并不在于起草文件本身,而是在于审查财务披露情况,并根据夫妇的具体情况量身定制协议。Schalles 女士看到的许多寻求婚前协议的常见场景,涉及夫妇共同购买首套住房,且通常得到了父母的经济资助。“如今在加拿大买房,实际上是一个百万美元级以上的决定,”她说。“我们确实遇到过父母直接联系我们,为孩子购买礼品券,或支付订阅费用让孩子去完成协议,因为这是他们提供购房首付款资金的条件。” 33 岁的 Zahra Alam 就是这种情况。这位来自安大略省密西沙加的呼吸治疗师在 2021 年结婚前,与丈夫 35, 岁的 Shahzeb Jafri 签署了婚前协议。但这个想法并非出自这对夫妇 —— 而是来自她的父亲。几年前,Alam 女士在家人的帮助下买了一套公寓。她的父亲支付了购买价格的 20%,他希望确保如果婚姻结束,这部分出资能得到保护。Alam 女士回忆说,起初 Jafri 先生很犹豫,因为当有人听到“婚前协议”时,会认为你并不信任他们。但在几次沟通后,Jafri 先生同意了。这对夫妇与律师合作,共同审查草案,并在他们的 nikkah(传统的伊斯兰婚礼仪式)之前签署了协议。整个过程大约花费一个月时间,每人花费约 $500。与那些面临四到五位数法律账单的夫妇不同,Alam 女士的协议相对简单,而且她聘请的律师是家庭朋友。她的父亲支付了她的法律费用。Schalles 女士表示,对于“普通人”来说,家庭协议可能比对超级富豪来说更为重要。对于花费多年积攒首付款的年轻加拿大人,她说,明确谁拥有什么以及避免日后数万美元的法律费用,可以产生“真正的影响”。她补充说,对婚前协议兴趣的增加也是由经验驱动的。许多人目睹了朋友或家人经历痛苦的分离,因此希望避免同样的结果。尽管人们关注成本和不适感,但 Schalles 女士认为,婚前协议可以提供一个至关重要的益处:它强迫夫妇们去

能够进行他们平时可能会回避的讨论。她说,这些对话可以在早期揭示伴侣在财务透明度、冲突解决和长期规划方面是否拥有相似的价值观——所有这些都能帮助伴侣评估他们是否真正适合步入婚姻。在 Nanos 的调查中,16% 的加拿大人将“在承诺之前讨论财务状况”列为婚前协议的最大益处,这使其与保护房地产和家族继承遗产的优先级几乎持平。对于那些在提起这个话题时感到紧张的人,Schalles 女士建议温和地展开对话,并将重点放在财务透明度而非不信任上。她建议不要将婚前协议视为为失败做计划,而应将其呈现为共同构建坚实基础的一部分——一个根植于金钱公开透明和共同预期,以避免未来出现意外的基础。

这正是 Harman Dosanjh(31 岁)和她的丈夫 Jhanan Uthayakumaran(31 岁)决定在六月婚礼前签署婚前协议的原因之一。这对夫妇住在安大略省的马卡姆(Markham),他们在订婚前几年就首次讨论了这个想法,且双方都不将其视为不信任的信号。“婚前协议允许我们按照自己的条款决定分居事宜,而不是让政府或法院决定如何分配,”Uthayakumaran 先生说。“我们掌控了未来可能面临的选择。”到这对夫妇开始策划婚礼时,双方都已经积累了个人资产。Dosanjh 女士与父母共同拥有一栋联排别墅的部分产权,而 Uthayakumaran 先生及其母亲则拥有这对夫妇婚后将入住的房屋。两人还拥有退休储蓄、投资账户和职场福利。Dosanjh 女士说:“现在不再是我们父母那一辈了,他们没有个人资产,他们建立的一切都是共同完成的。”

对于这对夫妇来说,制定婚前协议的最大优势之一是促使他们坐下来清点进入婚姻前所携带的所有资产。她说:“这迫使我们就财务问题进行实际的对话。”与 Alam 女士一样,Dosanjh 女士和 Uthayakumaran 先生希望在恋爱前的资产方面获得确定性。对于 Dosanjh 女士来说,这还包括另一件东西:她的狗 Link。“我养 Link 的时间比我们在一起的时间还长,”她说。“对我来说,维持 100% 的抚养权非常重要。”与 Baker 女士两年的折磨不同,他们的流程相对快速且廉价。这对夫妇使用了由 Schalles 女士共同创立的在线平台 Jointly,费用低于 $500。他们选择在之后不聘请独立的律师审核协议。不过,他们确实在协议中加入了一项条款,规定每隔几年重新审视协议,并在财务状况变得更复杂时寻求法律建议。作为一名法律顾问,Dosanjh 女士明白这是同行建议的步骤,但鉴于他们的资产相当简单,聘请律师的费用让她觉得不值得。对于 Fogarty 女士来说,婚前协议的价值仅取决于它在日后被提交法院质疑时能否维持其效力。

4%

在几年前于密西沙加(Mississauga)购买了一套公寓后,Zahra Alam 在 2021 年与丈夫 Shahzeb Jafri 结婚前被鼓励起草一份婚前协议。 GALIT RODAN/ THE GLOBE AND MAIL

如果协议起草不当、是在胁迫下签署,或者双方没有完全披露财务状况,协议可能会被搁置。这就是为什么即使在使用她的在线平台时,Schalles女士仍然建议每位合作伙伴寻求独立的法律建议。

同样地,情侣们可能会倾向于自行起草协议并办理公证。但Fogarty女士表示,公证——大多数家事律师不对自己的客户收取此项费用,或仅收取名义上的费用——并不是确保婚前协议具有执行力的关键。各省的要求有所不同,但法院通常会审查双方是否充分披露了财务状况并获得了独立的法律建议。如果夫妻双方首先必须通过诉讼来确定协议本身是否有效,那么跳过这些步骤最终可能会导致更高的成本。

Fogarty女士表示,虽然婚前协议是一种保护现有资产的方式,但最困难的谈判通常集中在未来财富上,例如如果关系破裂,未来的房产、业务增长或父母赠予的礼物将如何分配。

您是否拥有/是否会签署婚前协议? 受访者百分比

已婚,无婚前协议

已婚,有婚前协议

同居,无婚前协议

同居,有婚前协议

单身,不会签署婚前协议

单身,会签署婚前协议

不知道/不确定

基于从 May 3 到 6, 2026 对 1,003 名加拿大人的随机混合电话和在线调查。

基于从 May 3 到 6, 2026. 对 1,003 名加拿大人的随机混合电话和在线调查。已根据实际人口比例加权。

THE GLOBE AND MAIL,来源:NANOS RESEARCH

签署婚前协议的主要弊端 受访者百分比

所有受访者 18 至 34 岁

可能导致的情绪压力和争吵

它会产生不信任感

以上皆非/无弊端 7%

17% 6%

它会造成不平等的权力动态

办理协议的高昂法律成本

签署婚前协议的主要益处 受访者百分比

避免昂贵的离婚纠纷

保护现有房地产

鼓励在承诺前进行财务讨论

保障家庭继承权

11%

19%

19% 18%

12% 17%

11% 16%

17% 19%

16% 16%

对于安大略省的情侣来说,情况可能尤其复杂。根据该省的等额分配制度,已婚配偶的财产并非自动 50-50 分成。相反,法律会比较每个人在婚姻期间净资产的增长额,净资产增长较多的一方可能需要向另一方支付一笔款项,以便双方在离开时获得同等的财富增长,Fogarty女士说道。这些正是Baker女士持续谈判的核心考虑因素。虽然她和她的伴侣在进入这段关系时的经济能力相近,但两人花费多年时间共同积累财富。他们共住一套房子,处于同居状态(这影响了他们的税收以及贷款和医疗费用减免的资格),并且共同协作进行投资。 “要解开这个乱掉的线团有点混乱。你在尝试拉动不同的区域以将其分开”

“当你已经在一起这么久,所有事情自然而然地联系在一起时,一切就都如此,”她说。“这几乎就像是在同居之前需要一份婚前协议,而不是在之后才把它拿出来,”贝克(Baker)女士说道。这正是同居协议的目的。沙勒斯(Schalles)女士表示,它涵盖的内容与婚前协议相同,但适用于未婚伴侣。根据加拿大统计局的数据,在过去几十年中,同居伴侣的数量显著增加,导致许多伴侣在讨论婚前协议或同居协议之前,可能已经共同积累了多年的资产。从 1981 到 2021 年,同居伴侣的数量增长了 447%,这一增长速度远快于同期结婚夫妇的增长率(增长 26%)。即便如此,截至 2021 年,结婚仍然是最常见的结合形式,超过四分之三(77%)的伴侣是已婚,其余 23% 为同居关系。在沙勒斯女士的经验中,许多加拿大人惊讶地发现,家庭法不仅在各省之间存在巨大差异,在已婚和同居伴侣之间也截然不同。她举例说,在不列颠哥伦比亚省,同居两年后,法律对你的对待几乎与已婚者相同。安大略省的操作则不同。同居伴侣并不自动拥有与已婚配偶相同的财产权利,尽管他们在某些情况下仍可提出索赔。福加蒂(Fogarty)女士表示,婚前协议——或对同居伴侣而言的同居协议——其价值往往在关系结束之前无法被真正意识到。对于婚前协议谈判仍未解决的贝克女士来说,这种逻辑正是促使她继续前进的原因之一。但在花费了数千美元并经过两年的讨论后,她觉得自己已经在这个过程中走得太远,无法简单地退出。“这很糟糕,但目前只能这样了。”但对于瑞秋·麦金太尔(Rachel McIntyre)来说,达成协议是非常值得的。十多年前,在她的伴侣搬进她位于安大略省剑桥市(Cambridge, Ont.)的自有住宅之前,麦金太尔女士签署了一份同居协议。该合同费用约为 $3,000,由她的母亲支付,规定如果关系结束,房屋仍归她所有,且永远不提供配偶赡养费。她的伴侣在签署前没有聘请律师审阅文件,对此她现在感到遗憾,认为当时应该坚持要求这样做。几年后,两人结婚,同居协议实际上开始发挥婚前协议的作用。去年关系结束时,这位 44 岁的女性表示,这份协议成为了她签署过的最重要的法律文件之一。麦金太尔女士说,在分居期间,她的前任挑战了该合同,导致了为期六个月的法律拉锯战,使她损失了 $30,000。尽管如此,该文件仍被证明至关重要。“如果我没有那份协议,”她说,“我就得把房产价值的一半分给他。”沙勒斯确认,在所有省份中,缺乏独立的法律顾问并不意味着协议会自动失效。但她坚持认为,双方都应“独立地与专业人士沟通,这样就不会有人指称自己受到了压力,或者被另一方的律师强迫同意。”对于麦金太尔来说,协议提供了宝贵的“内心平静”。知道自己拥有一份协议,“让分居和离婚成为可能的事”。现在,她给考虑结婚和签署婚前协议的人的建议是,不要只考虑你的伴侣现在的样子。“人会变的,”她说。“在 15, 20 年后,你不会是今天的样子,你结婚的对象也不会是他们今天的样子。”“你必须保护未来的自己,”她说。

49%

26% 25%

Page 10

I

社论

总理在桥梁问题上的

修辞迷雾

可能是时差的原因。也许是那顶帽子。也可能是总理马克·卡尼 (Mark Carney) 极其繁重的日程安排。或者,也许是他不愿向加拿大人做出清晰的表述。

无论解释如何,卡尼先生在描述与特朗普政府就温莎(安大略省)与底特律(密歇根州)之间的戈迪·豪国际大桥开通所达成协议时,误导了加拿大公众数日之久。

这种不透明始于 7 月 10 日发布的一份新闻稿,该稿宣布了一项允许大桥开通的附加协议,而此前特朗普政府一直在拖延此事。客观地说,那份新闻稿在细节方面相当匮乏,仅宣布了“一系列专注于收费治理和透明度的合作措施,以及对该地区的投资,包括建立一个与大桥运营部分利润挂钩的 15 年经济发展基金”。

这与 2012 年的最初安排有所不同,当时的安排是渥太华将获得所有通行费收入,直到收回建设大桥所花费的 $6.4-billion。(哈珀政府当时选择支付大桥的全额成本,以推动项目启动。)只有在债务结清后,加拿大和密歇根州才开始分摊通行费收入。协议指出,预计至少在 50 年内不会向密歇根州支付此类款项。

随后,卡尼先生在 7 月 12 日接受了卡尔加里的 CTV 新闻采访,在采访中,他提供了关于该附加协议的一些更多细节,而协议文本当时尚未公布。他所描述的交易看起来是平衡的:是的,会有款项注入经济发展基金,但必须在加拿大“获偿”之后。

“我们是在加拿大获偿后才进行分享的,”卡尼先生说道(当时他正戴着牛仔帽参加周日早晨的卡尔加里牛仔节——稍后详述)。“我们获得收入,然后支付大桥的成本服务,偿还大桥债务。之后剩下的部分,将在 15 年内进行分摊。”

联邦政府在同一天发布的一份声明称,除其他条款外,美国将获得通行费净利润的一半。

到 7 月 16 日,当记者再次询问他关于该协议的条款(此时该协议仍未公开)时,卡尼先生的回答已经演变。记者具体询问他,在计算净利润和向美国支付款项时,是否会从通行费收入中扣除债务偿还额。

这是一个关键问题:如果债务偿还的某些金额被计入运营成本,那么 2012 年协议的精神(即便不是字面意思)将得以延续。

卡尼先生在 7 月 16 日的回答绝不清晰。与最终于 7 月 22. 公布的协议文本相比,他的话似乎没有错误。但他避免明确说明的一点——在计算附加协议项下的支付款项时,将不包括债务偿还——是一个严重的遗漏。

协议文本中没有提到债务偿还,而是将净收入定义为“与大桥相关的所有征收收入,减去大桥所有已产生的运营成本”。

7 月 23, 一名记者询问卡尼先生,他在 7 月 12, 称款项将在债务偿还之后(即加拿大“获偿”后)才支付时,是否撒了谎。随之而来的是一次极其轻描淡写的道歉。

“在周日早晨,在牛仔节上,戴着顶牛仔帽,我能不能解释得更好?是的,我可以解释得更好,”他说道,并补充说他在 7 月 16, 提供了更好的解释。

卡尼先生想让加拿大人相信,他只是在不恰当的时机出现了一次口误。但这种暗示也与事实不符。他在四天后的解释同样避免陈述事情的直白真相:加拿大

为了让戈迪·豪桥(Gordie Howe bridge)启用而做出了让步,

这意味着利润将被从债务偿还中转移,

并且美国将比 2012 年的协议提前数十年获得资金。

不难看出为什么卡尼先生不想大声说出

这个简单的事实;如此 blatant 的敲诈可能会引起加拿大人的愤怒。唯一可能让他们

读者来信

职业倦怠的处方

关于“新研究发现,职业倦怠正驱动加拿大急诊室医生减少工作时间或离开该领域”(7月 27 日):加拿大的急诊部门揭示了我们医疗系统的优势与失效。走廊医疗、漫长的等待和临床医生的职业倦怠不仅仅是资金或容量问题。它们是一个干预过晚的碎片化系统的症状。

患者转向急诊部门,是因为初级保健、居家护理和及时的随访未能满足他们的需求。建设更大的急诊室无法解决这个问题。防止不必要的就诊才能。

加拿大拥有已被证明有效的解决方案。渥太华医院的“术后虚拟康复”等项目表明,远程监控、主动随访和协调护理可以减少急诊就诊次数,缩短住院时间并改善治疗结果。类似的模式可以改变慢性病、虚弱和心理健康的护理。

挑战不再是创新,而是实施。加拿大必须开始扩大那些能显著改善结果的项目规模。一个由透明数据和负责任的领导力驱动的学习型健康系统,是我们恢复加拿大民众信心的最佳途径。

Daniel Dubois, 医学博士;渥太华

多年前我参加过一次简短的急诊室培训。为什么有人想在那里工作,超出了我的理解范围。你不仅面临诊断患者的挑战,还面临安全问题。你处理的可能是从简单的扭伤到心脏病发作,甚至是想要把你干掉的愤怒患者。

通过一些改变,情况可能会大不相同。也许开设精神科医院来处理心理健康和药物成瘾问题,可以消除一部分身体上的危险。

Leslie Martel, 退休注册护士;密西沙加

检测计划之失败

关于“阿尔伯塔省将于本周开始允许部分私立付费医疗检测”(7月 28 日):在医学上不必要的检测有损害患者的风险。每天我都能看到患者对检测结果中临床上无关紧要的“异常”感到焦虑。高达三分之一的影像学检测存在无关紧要的偶然发现。一些证据表明,背痛患者在进行 MRI 检查后情况反而恶化,因为他们认为检测结果意味着病情比实际情况更严重。

CT 扫描产生的医疗辐射可能会导致后续引发癌症。过度诊断可能导致过度治疗、并发症,以及因发现那些本不需要发现的事物而造成的心理伤害。阿尔伯塔省允许患者自行订购检测的新政策可能会产生意想不到的后果。

James Worrall, 医学博士;渥太华

告别格雷厄姆

关于“当立法者聚集悼念林赛·格雷厄姆时,泽连斯基和内塔尼亚胡游说特朗普寻求支持”(7月 29 日):参议员林赛·格雷厄姆以一个不悔改的战争鹰的身份去世。从阿富汗到伊拉克,从伊朗到乌克兰,从巴勒斯坦到叙利亚,格雷厄姆先生从未遇到过他不喜欢的战争。他也从未对以下事实表现出过度困扰:在他不遗余力推动的战争中,有超过一百万人丧生。

对于格雷厄姆先生来说,巴勒斯坦人、伊朗人、俄罗斯人、阿富汗人和叙利亚人的死亡都一样,这在他那句冷酷的俏皮话中被简洁地概括为:“我们杀掉的都是正确的人。”

Mike Ward Duncan, 不列颠哥伦比亚省

林赛·格雷厄姆的去世标志着特朗普传奇的隐喻式终结。这位参议员并非总统的追随者,但他为了国家和共和党的利益而支持他。我相信,失去了格雷厄姆先生,随着特朗普失去党内支持,对他的尊重将进一步下降,其政治遗产也将不可避免地消亡。这里实际上有两场葬礼:一场是一位受人爱戴的参议员的葬礼,另一场则是一位被厌恶的总统的葬礼。

Douglas Cornish, 渥太华

此处无赢家

关于“你可以打赌灾难必将发生” (7月 29):在读到关于最新的赌博成瘾——火灾和地震——时,我也感到震惊(更像是沮丧)。火灾本身已经足够是一场灾难;而有人从中获利则是在火上浇油。这是在类固醇刺激下的极度人类傲慢与自大。 更好的赌注是投资于减轻这些“自然灾害”的解决方案。当我们这样做时,我们才能重回正轨。在灾难上掷骰子只会带来更多的灾难。

约翰·彭特兰 (John Pentland) 卡尔加里

呼唤乔尼·米切尔 (JONI MITCHELL)

关于“安大略省指责渥太华在岛屿机场扩建问题上屈服于‘小规模边缘团体’” (7月 29):道格·福特及其内阁想让我们相信,联邦政府因为不支持比利·毕晓普机场的扩建而屈服于“边缘团体”。我认为这是一个典型的投射心理实例:正是福特想要扩建机场,以安抚他的精英哥们,因为这些人觉得在皮尔逊机场降落并前往市中心很麻烦。

基思·克里斯勒 (Keith Crysler) 渥太华

一个更合适的标题可能是“福特屈服,卡尼拯救”。 在纽波特公司 (Nieuport)、航空公司和仅关心自身自私福祉的商业团体的强烈游说下,福特先生屈服了。 马克·卡尼 (Mark Carney) 先生挽救了局面。如果福特先生得偿所愿,我们将为《大黄出租车》(Big Yellow Taxi) 唱起一段新副歌:“他们铺平了天堂,建起了一条长跑道。”

汤姆·德里杰 (Tom Driedger) 多伦多

正当你认为福特先生及其政府不能再更琐碎之计的时候,他们证明了自己确实可以如此之甚。侮辱那些以民主方式反对开放空间过度商业化的安大略省公民,即便按照现任政府的标准来看,似乎也太低劣了。谁会为了跑道而填平一片淡水水域?乔尼·米切尔,你在哪里?

伊芙·吉安尼尼 (Eve Giannini) 多伦多

我竟然要相信 87,000 多个呈交的意见书算作一个“小规模边缘团体”? 这让我想起省长道格·福特将绿带 (Greenbelt) 描述为“不过是一片长满杂草的田野”。我认为安大略省政府需要请一名验光师和一名听力学家。

迈克·费尔斯 (Mike Firth) 多伦多

获救的生命

关于“在蒙特利尔,肾脏捐赠者和移植接收者帮助缓解犹豫患者的焦虑” (7月 28):2027, 1月将是我接受哥哥捐赠肾脏 40 周年。我这颗“新”肾脏的寿命在统计学上是一个特例,根据我的计算,这在产生其他益处的同时,至少为安省健康保险计划 (OHIP) 节省了 $4 百万。手术后,我回到了高科技行业,重新成为一名纳税的社会成员。我哥哥也是如此。 去年,加拿大在肾移植方面排名世界第 11 位。 今年我们下降到了第 14 位。活体捐赠手术的发生率至少在 10 年间一直停滞不前。克里斯汀和塞尔日的故事令人鼓舞,并给全加拿大的肾脏患者带来了希望。

菲奥娜·吉尔菲兰 (Fiona Gilfillan) 渥太华

三十年前,我捐了一颗肾脏给我的哥哥。他那时四十多岁;我 34. 虽然生活对他来说依然艰辛,但那颗肾脏给了他近 20 年的额外寿命——有了时间看孩子长大,有时间在理财规划师的职业上取得成功,也有时间继续做我们的哥哥。 如果你有机会救人,请去做吧。

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OPINION

观点

美沙核能协议恐引发军备竞赛

工业界在 中东看到了 商业机遇

随着唐纳德·特朗普对伊朗的战争进入第六个月,这位美国总统的主要目标显然已从防止伊斯兰共和国获取核武器,转向重新开放霍尔穆兹海峡。 由于能够羞辱另一位美国总统——这次是通过封锁这一关键国际水道——伊朗的新领导层在制造核弹方面的决心可能比其前任更加坚定。 正是在这种令人不安的背景下,美国能源部上周公布了一项与沙特阿拉伯的核合作协议,该协议将允许美国公司首次向这个石油富集的中东国家销售反应堆。 该协议是近二十年来断断续续的

W

请真正的马可·卢比奥起立好吗?

RICARDO HAUSMANN

前委内瑞拉规划部长,前美洲开发银行首席经济学家

在经典美国游戏节目《说出真相》(To Tell the Truth)中,三名参赛者声称拥有同一身份,而一组名人评审团会对他们进行质询,寻找矛盾之处。在评审团投票后,主持人会发出那个著名的请求:“请真正的___起立好吗?” 自从美国军队在1月份抓捕总统尼古拉斯·马杜罗以来,委内瑞亚人一直对美国国务卿马可·卢比奥提出这个问题。 六个多月过去了,他们仍在等待答案。 似乎有三个卢比奥,每个都拥有成为“真正那个人”的合理主张。第一个是许多委内瑞亚人认为他们认识的卢比奥:古巴移民之子,深知独裁统治会对国家和家庭造成怎样的影响。 据称,这个卢比奥正在与美国总统唐纳德·特朗普政府内部的人进行一场艰苦的斗争,因为后者并不将委内瑞亚视为一个需要恢复民主的国家,而是一个可以开发油田并需要管理的安全问题。 第二个卢比奥则没有抵制政府的战略。他正在执行该战略,向反对派保证民主改革将会到来,而美国则在与那些继承了马杜罗先生(Mr.)的人达成妥协。

苏丹正陷入另一场种族灭绝。为什么世界不采取行动?

欧文·科特勒 (IRWIN COTLER) 穆塔西姆·阿里 (MUTASIM ALI) 约拿·戴蒙德 (YONAH DIAMOND)

欧文·科特勒是加拿大前司法部长兼总检察长,也是拉乌尔·瓦伦堡人权中心的创始人。

穆塔西姆·阿里和约拿·戴蒙德是 RWCHR 的高级法律顾问。

我们正在见证苏丹发生的另一场种族灭绝——这些暴行早已预警,但由于全球的冷漠和不作为而被允许继续下去。 在 2023 年,我们与领先的专家一起对北达尔富尔即将发生的种族灭绝风险发出警告,随后在主要的法律调查和向国际刑事法院提交的申诉中,得出了确定肇事者的正式结论。 自那时起,苏丹已成为全球最大的人道主义灾难。数据令人触目惊心:初步估计在世界上最严重的饥饿和强迫流离失所危机中,已有 150,000 人被杀害。三分之二的人口需要人道主义援助,近半个国家正遭受严重饥饿。达尔富尔和科尔多凡的 20 多个地区面临饥荒风险。 九个月前,北达尔富尔城市法希尔一陷落,与苏丹武装部队作战的民兵组织“快速支援部队”(RSF) 在短短几天内杀害了数千名饥饿的平民,留下的血迹被卫星图像捕捉到。数万人依然下落不明;他们要么死亡,要么失踪,要么流离失所。 苏丹的冲突已转移扩散 39 个月。RSF 及其盟友无情地针对非阿拉伯社区(包括在法希尔),联合国将这些暴行描述为具有“种族灭绝的特征”。 此外,这是本世纪在达尔富尔发生的又一次种族灭绝,此前已经出现了针对同一群体的明显煽动迹象。

[[IMG_XXXX]] 美国国务卿马尔科·鲁比奥上周在马尼拉的尼诺伊·阿基诺国际机场登上飞机离开时,在台阶顶端挥手。BRENDAN SMIALOWSKI/POOL/AFP VIA GETTY IMAGES

(此处文本断层,接续前文关于沙特-伊朗-美国核能协议的内容): ……推迟了华盛顿与利雅得之间的谈判,后者长期以来一直寻求通过用核电站替代化石燃料发电厂,以释放更多石油用于出口。但该协议的宣布立即引发了更大的担忧。 沙特阿拉伯的实际领导人,王储穆罕默德·本·萨勒曼已明确表示,如果伊朗加强其核武器计划,他的国家将不会坐视不管。 “沙特阿拉伯不想拥有任何核弹,但毫无疑问,如果伊朗研发出核弹,我们将尽快效仿,”王储 MBS 在 2018 年接受《60 Minutes》采访时说道。 虽然上周协议的文本尚未公开,但初步报告表明,其中并未包含禁止沙特阿拉伯浓缩铀的条款,也没有要求国际原子能机构对未来的沙特核设施实施严格的检查要求。它也没有将沙特与以色列关系的正常化作为美国转移核技术的先决条件。 然而,在协议公布后的 24 小时内,鲁比奥先生……

(此处文本断层,接续关于委内瑞拉内容): ……马杜罗的机器,由代理总统代尔西·罗德里格斯领导。因此,“好警察”和“坏警察”是在读同一本剧本。 与此同时,第三个鲁比奥主导着一个不透明的政治经济体,在这个体系中,委内瑞拉的石油收入、合同和机构服务于政权内部人士和华盛顿的交易者,将民主从既定目标变成了主要障碍。 这个信号再清楚不过了。在委内瑞拉人压倒性地投票给反对派总统候选人埃德蒙多·冈萨雷斯两年后,结果却看到他的 landslide 胜利被窃取,目前还没有任何可信选举的先决条件得以落实。

唐纳德·特朗普则坚称事实并非如此。他在其 Truth Social 平台上写道:“不会有任何材料浓缩!”并补充称,该协议将“完全取决于沙特阿拉伯加入备受尊敬且成功的《亚伯拉罕协议》”。这指的是 2020 年由美国促成的协议,该协议使阿拉伯联合酋长国、巴林、苏丹和摩洛哥与以色列实现了关系正常化。

特朗普先生的帖文未能让核不扩散专家们感到安心。白宫并未确认总统提出的条件是否已包含在协议的法律文本中。

这一点至关重要,因为特朗普先生的承诺并不完全可靠。

据报道,沙特阿拉伯此前接近与 乔·拜登 政府达成一项协议,即以承认以色列为条件,换取与华盛顿的一项共同国防安全协议,但谈判被 2023 年 10 月 7 日哈马斯对以色列的袭击所打乱,该袭击随后引发了加沙战争。

这场战争使阿拉伯世界的公众舆论更加剧烈地转向反对以色列,使得沙特与以色列关系的正常化在目前的利雅得已不再可行。以色列总理内塔尼亚胡反对建立巴勒斯坦国,进一步增加了沙特-以色列正常化协议达成的难度。

尽管如此,美沙核能合作协议的支持者们仍在极力游说,希望特朗普政府无论是否包含沙特-以色列正常化,都履行该协议。他们指出,穆罕默德·本·萨勒曼(MBS)致力于在其旨在实现沙特经济多样化的“2030 愿景”计划下发展核电。他们坚持认为,由沙特阿拉伯与美国伙伴而非中国或俄罗斯伙伴共同建设反应堆要好得多。在这一点上,他们是对的。

然而,最重要的是,美国核能工业看到了一个诱人的商业机会。总部位于宾夕法尼亚州的西屋电气(Westinghouse Electric)希望向沙特阿拉伯出售其 AP1000 反应堆,该公司称上周的协议是“具有里程碑意义的一步,加强了能源安全,扩大了美国工业和工人的机会,并为两国带来了显著的长期经济增长和投资利益”。

西屋电气由加拿大的 Brookfield Renewable 所有。


没有人能继续假装这些纯粹是委内瑞拉的决定,而美国没有产生实质性影响。

委内瑞拉的大部分出口收入首先流向美国财政部,然后由其在附加条件的情况下返还。鲁比奥先生行使的一种对主权国家的控制程度,是自保罗·布雷默管理被占领的伊拉克以来没有一个美国官员所拥有的,因此他被美国和委内瑞拉官员称为“总督”。

尽管特朗普政府吹嘘有数十亿美元的石油收入流向委内瑞拉,但目前还没有关于收到了多少资金或资金如何使用的公开账目。

新政府面临着其……


……在二十年前遭到袭击的社区。快速支援部队(RSF)及其盟友民兵正采用与过去类似的策略,包括攻击生存至关重要的基础设施,如水源和电力来源。

如今,随着 RSF 几乎完全控制了苏丹西部地区,包括 G7 在内的所有国际论坛都在警告,北科尔多凡州的首府埃尔奥贝德(El Obeid)将再次发生暴行。然而,这场使埃尔奥贝德数十万人处于危险之中的紧急情况——其中许多是从埃尔法舍尔(El Fasher)流离失所并穿越沙漠而来的——却遭到了冷漠对待。

显而易见的是,如果没有严肃的行动,暴力循环将继续下去。人们原本期望大规模的破坏和苦难能动员起紧急的集体行动,但国际社会的反应依然令人震惊地不足。

暴力之所以在如此长的时间内未受遏制而持续存在,是因为行凶者可以不受限制地获得武器、无人机、雇佣兵、后勤支持和财务资源。

首次重大危机发生在 6 月 24 日,当时两场规模分别为 7.2 和 7.5 的强震在 39 秒内接连发生,摧毁了加拉加斯和沿海的拉瓜伊拉州。罗德里格斯女士将针对救援反应的批评斥为针对其政府的阴谋。

没有什么比特朗普政府对待玛丽亚·科里娜·马查多(María Corina Machado)的方式更能清楚地表明其对委内瑞拉的真实意图了,后者是统一了委内瑞拉民主运动并获得 2025 年诺贝尔和平奖的反对派领导人。当她在地震后试图返回家乡时,罗德里格斯政府关闭了该国领空,并威胁任何可能帮助她的人。

罗德里格斯政府从强大的外部参与者处获得资源,使他们能够肆无忌惮地实施暴行。尽管有压倒性的证据表明这些参与者在驱动暴力,但政治意愿的缺乏导致了这些暴行的蔓延。这些迫在眉睫的暴行带来了采取行动并防止暴力进一步扩散至苏丹边境之外的义务。作为 G7 的成员,加拿大可以通过采取简单的问责步骤,领导世界履行这一义务。

首先,虽然 G7 最近呼吁外部参与者停止支持交战各方的举措值得欢迎,但仍需要更具体的行动。加拿大应与盟友合作,切断助长暴行的供应线,点名并对支持种族灭绝者的外部参与者和实体施加成本及定向制裁。欧盟近期针对黄金贸易(冲突的关键驱动因素)采取的行动在这一方面具有启发性且可复制。

其次,加拿大应利用其影响力来推进问责

伙伴以及总部位于萨斯喀彻温省的铀矿公司 Cameco Corp.。而 Brookfield Renewable 则由 Brookfield Asset Management Ltd. 控制,这是一家 $1-trillion 投资基金。该基金本周宣布,已从沙特阿拉伯公共投资基金(PIF)和其他投资者处筹集了 $2-billion,用于一个旨在为中东商业风险投资提供资金的新基金。

“我们感谢与 PIF 及其他战略锚定伙伴的合作,这反映了全球对沙特阿拉伯及该地区私募股权机会的信心和强劲需求,”Brookfield Corp. 首席执行官 Bruce Flatt 在公布该新基金时表示,Brookfield 将向该基金投入 $500-million。

这项美国-沙特 nuclear deal 对于 Brookfield 和 Westinghouse 来说可能是一个巨大的商机,同时也与总理 马克·卡尼(Mark Carney)——前 Brookfield 副主席——深化加拿大与沙特阿拉伯贸易和投资关系的努力相契合。

但如果特朗普对伊朗的战争继续沿着目前灾难性的路径走下去,这也将带来在中东引发核军备竞赛的风险。

并非独断专行。美国官员强迫马查多女士的飞机掉头,而一名白宫高级官员则将她的回归尝试斥为“荒诞的政治投机主义”。通过与委内瑞拉政权合作,将该国最受欢迎的民主领袖维持在流亡状态,鲁比奥先生破坏了他精心营造的“好警察”形象。

在美国的委内瑞拉人处境也没有好到哪里去。美国政府继续对他们实施签证限制,终止了 117,000 名在美国担保人支持下合法入境的委内瑞拉人的人道主义假释,取消了数十万人的临时保护状态,并持续运行飞往加拉加斯的遣返航班。如果委内瑞拉糟糕到足以证明推翻其统治者是正当的,那么它怎么可能安全到足以接纳那些逃离其统治的人们?

那么,哪个鲁比奥才是真实的?是那个身陷困境的自由捍卫者?是那个在政府自行达成交易时,向委内瑞拉民主反对派提供安慰的“好警察”?还是那个权力巨大的总督,其行径表明委内瑞拉的民主从来不过是一枚筹码?

未来几个月肯定会有更多公告发布。可能会有选举日期、重建基金,或向反对派采取的其他姿态。请仅根据可验证的事实来评判这些承诺:政治犯是否被释放;是否有一个委内瑞拉人可以信任的选举机构;是否有一个真实的选民登记册;马查多女士是否平安回家;以及每一美元的石油收入是否都账目清晰。除此之外的任何行为都是在演戏。

在国际和区域层面寻求问责,包括通过国际刑事法院或国际法院,或通过特别法庭,使相关责任人承担责任,包括对协助和教唆暴行的行为负责。

第三,虽然 G7 最近要求扩大联合国武器禁运的呼吁值得赞赏,但与非洲联盟合作监测联合国安理会现有的达尔富尔武器禁运至关重要。

最后,加拿大应在所有多边论坛中努力推动在发生大规模暴行风险较高的苏丹地区实现局部停火。这些举措代表了紧急且能挽救生命的干预,旨在开启人道主义走廊、保护平民,并加强已经在进行的更广泛的和平努力。

苏丹人民值得我们采取一致行动。在另一座城市失陷之前,我们必须努力阻止这些迫在眉睫的重复暴行,并保护平民。

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A12 O THE GLOBE AND MAIL 2026年7月30日,星期四 生活与艺术 艺术与评论 | 观点 观点:谜题 天气

观点

O

赞美法院婚礼

随着婚礼活动变得 愈发昂贵且令人 疲惫,民政登记 仪式提供了一种 日益具有吸引力的 选择:克制

SADAF AHSAN

今年最令人惊讶的 名人婚礼照片之一, 并没有出现大教堂面纱、 科茨沃尔德的城堡,或是 规模大到仿佛需要结构 工程师参与的招待会。

那是杜阿·利帕(Dua Lipa)和卡勒姆·特纳(Callum Turner)五月份在伦敦的老马里波恩市政厅(Old Marylebone Town Hall)完婚后离开时的场景。细节依然维持在名人级别:利帕身着一套定制的象牙色 Schiaparelli 裙装,佩戴一顶 Stephen Jones 宽檐帽,戴着白色手套,穿着 Christian Louboutin 高跟鞋,灵感来自比安卡·贾格尔(Bianca Jagger)标志性的 1971 年婚礼造型。

特纳则身穿一套帅气的海军蓝 Ferragamo 双排扣西装。没错,这对夫妇随后在西西里岛举行了为期三天的庆祝活动,那是大多数人只能在梦中想象的奢华。但人们记忆深刻的并非那种极繁主义的幻想,而是一幅简约的画面:一对时尚的新人站在市政厅的台阶上,周围环绕着少数亲友。

流行歌手 Charli XCX 和 The 1975 乐队的乔治·丹尼尔(George Daniel)去年夏天在伦敦的哈克尼市政厅(Hackney Town Hall)结婚时,也同样引起了轰动。她身穿一件定制的 Vivienne Westwood 露肩超短裙,搭配 Jimmy Choo 细带凉鞋和一副大号黑色太阳镜;他则穿着一套海军蓝的 Giorgio Armani 双排扣西装。

尽管民政仪式通常被认为较为低调,但在上述两场活动中,时尚感和个性绝未缺席。

法院婚礼不再是通往更美好目标途中一项悲哀的、官僚主义的差事,它正成为一个极具说服力的选择——作为一种有意识的、侧重情感的替代方案,以应对当代婚礼那令人精疲力竭的冗长扩张。

而“扩张”确实是一个精准的词。在加拿大,即使是“普通”的婚礼在经济上可能也是一种沉重的负担。根据 Wedding-

奥斯卡获奖爱尔兰音乐家 Glen Hansard 在摩托车事故中丧生

PADRAIC HALPIN 都柏林

JILL LAWLESS 伦敦 爱尔兰音乐家 Glen Hansard 于周三早些时候在一场摩托车事故中去世,享年 56 岁,其管理公司如此表示。他在 2008 年凭借独立电影《曾经》(Once) 获得奥斯卡最佳原创歌曲奖,并且是摇滚乐队 The Frames 的主唱。曾与 Hansard 共演的布鲁斯·斯普林斯汀 (Bruce Springsteen) 表示,他及其乐队对于这位“伟大的音乐家、好朋友以及慷慨且优雅的人”的离世感到心碎。爱尔兰总理米歇尔·马丁 (Micheal Martin) 将其描述为一位“为爱尔兰文化景观做出重大贡献”的艺术家。这位 singer-songwriter 在辍学后,13 岁起就在家乡都柏林的街道上街头表演,并于 1990. 组建了 The Frames 乐队。该乐队在国内的普及,使其主唱在接下来的四十年里成为了爱尔兰音乐界的常客。U2 主唱 Bono 在 X 平台发布的一篇帖子中向 Hansard 致敬,

将其描述为“如果你需要他那样的话,他就是一个微笑的顽童……这位来自 Ballymun 最具音乐才华且顽皮的大天使”。Bono 称 Hansard “绝不会在不确认对方是否安好的情况下,就那样走过一个露宿街头的人”,并赞扬了他为减少无家可归者所做的工作。“街道之声。一个人身上凝聚了天使的唱诗班,”Bono 说道。Hansard 以个人名义发行了多张专辑——并在 2016 获得格莱美奖提名——同时也作为 The Swell Season 二重奏的一员,与同为奥斯卡获奖者及《曾经》共同主演的 Marketa Irglova 合作。两人在一部由手持摄像机拍摄的低成本电影中演出,讲述了一名街头音乐家爱上一名年轻捷克移民的故事,而他们获得奥斯卡奖的二重唱《Falling Slowly》将 Hansard 的音乐带给了更广泛的观众。这部电影包含了多首由 Hansard 和 Irglova 作曲并演唱的歌曲,后来被改编为百老汇热门音乐剧,并在 2012. 赢得了八项托尼奖。在接受由颁奖嘉宾 John

Singer 颁发的奥斯卡奖时……

[[IMG_XXXX]] Dua Lipa(右)与她的丈夫、演员 Callum Turner 于今年 5 月在伦敦 Old Marylebone 市政厅举行民事仪式结婚。DAILY MAIL/SHUTTERSTOCK

Wire Canada 和 The Knot 的 2025 全球报告显示,加拿大婚礼的平均费用在 $30,000 到 $42,000. 之间。而且由于几乎所有项目的成本都在上涨,包括供应商和场地,婚礼费用正变得越来越贵。

有迹象表明,小型婚礼已不再仅仅是疫情早期的妥协方案。在美国,《婚礼报告》(The Wedding Report) 发现,平均婚礼宾客人数从 2006 年的 184 人下降到 2024, 年的 131 人;而宾客人数在 50 人或更少的庆祝活动在 2024 年占婚礼总数的 18 %,高于 2013. 年的 10 %。根据 Pinterest 的 2025 年年度婚礼趋势报告,Z 世代尤其热衷于在市政厅和法院举行婚礼,该平台指出,该群体对“市政厅私奔”的搜索量增长了 190 %以上。

在任何大城市中,仅实际的细节一项就能节省惊人的费用。在多伦多,结婚许可证费用为 $180,,而市政中心婚礼厅的 30 分钟时段预订费用为 $136.85 (夫妇仍需提供一名授权的主持人和两名证婚人)。

在结婚手续的费用与举办一场……

Glen Hansard GARY HERSHORN/REUTERS

特拉沃尔塔(Travolta),一个震惊的汉萨德(Hansard)说:“我们在这里做什么?这简直疯了。” 在出演《Once》之前,他唯一的表演经验是在艾伦·帕克(Alan Parker)1991年的热门电影《Commitments》中担任乐队成员。 许多悼词还集中在汉萨德的慈善工作和倡议上。他在2010年爱尔兰金融危机深陷期间发起的一场平安夜街头表演,已为都柏林西蒙社区(Dublin Simon Community)慈善机构筹集了超过€2-百万(200万欧元),该机构在周三将这位歌手描述为“反无家可归斗争中的巨人”。 在都柏林市中心举行的年度集会曾邀请过博诺(Bono)、希内德·奥康纳(Sinead O’Connor)和谢恩·麦格旺(Shane MacGowan)。2023年在他的朋友麦格旺的葬礼上,汉萨德领唱了 The Pogues 乐队的圣诞赞歌《Fairytale of New York》。 “我们怀着沉痛的心情宣布,格伦·汉萨德(Glen Hansard)在今天凌晨都柏林发生的一起道路交通事故后去世,”ATC Management 在一份声明中表示。 爱尔兰警方表示,一名50多岁的男子在都柏林西部发生的一起单车摩托车碰撞事故后死亡。应急服务部门在4:30 a.m. (0330 GMT) 之前不久接到了通知,该男子在现场接受治疗后不久被宣布死亡。 汉萨德留下了他的妻子 Maire Saaritsa 以及他们三岁的儿子 Christy。

婚礼是法院婚礼吸引力的一部分。 多伦多 Devoted To You Inc. 的首席活动策划师 Carmen Luk 同意,由于 Charli XCX 和 Lipa 等知名名人的影响,法院婚礼正获得更多关注,但她表示这绝非一个新概念。在世界许多地方(如中国、德国和法国),夫妇在进行宗教或象征性庆祝活动之前,通常会先举行民事仪式。 在欧洲和拉丁美洲的许多国家,民事仪式是唯一受法律承认的婚姻形式。 “我不认为法院婚礼会取代传统婚礼。我认为它们扩大了夫妇可以选择的范围,”Luk 说。“如今的夫妇对于他们将钱花在哪里以及将情感价值放在哪里更加有意识。” 多伦多 Rainbow Chan Weddings 的所有者兼创意总监 Rainbow Chan 也在过去几年中看到人们对法院婚礼和微型婚礼的兴趣日益增加。“现在不再有唯一的‘正确’结婚方式,”她说。 “无论是舞会厅里的 300 位客宾,市政厅的 20 位宾客,还是持续数日的目的地婚礼,人们最记得的是这次庆祝活动给他们带来的感受。” 她说,大型庆祝活动依然流行,但许多夫妇将法律婚姻与庆祝活动分开,简单地签署文件,随后举办规模更大的派对。 有时,就像 Lipa 或 Charli XCX 那样,法律婚姻是开场戏。其他时候,它则是整个活动。 对于可持续发展专业人士 Shelby Spurlin 来说(她去年六月在多伦多法院与丈夫 Anthony Lieu 结婚),这个决定部分基于财务考虑,部分基于情感考虑。“对我们来说,这绝对是为了避免因为一天地而背债,”她说。 “我们经常听说,即使是在多伦多举办一场相对基础的婚礼,夫妇们也要花费 $30,000-以上,而我们知道那不是我们想要的。” 他们的总花费约为 $3,000,,包括法院费用、专业摄影、服装和一束花。之后,他们前往 King Taps 餐厅酒吧与亲友共度欢乐时光。他们将省下的钱用于去日本度蜜月。 关于法院婚礼的一个误区是...

布克奖半决赛入围名单

包括前获奖者 马龙·詹姆斯、道格拉斯·斯图尔特

布克奖 获奖者 马龙·詹姆斯(Marlon James)和道格拉斯·斯图尔特(Douglas Stuart)再次竞争这一享有盛誉的小说奖。与他们一同入围的还有关于都柏林帮派、反乌托邦科幻小说,以及普利策奖得主伊丽莎白·斯特劳特(Elizabeth Strout)笔下的新英格兰角色。 评委们阅读了 163 部小说,最终选出了周二公布的 13 位入围 £50,000(66,000 美元)布克奖半决赛的候选者。评判小组负责人、历史学家玛丽·比尔德(Mary Beard)将这份名单描述为文学上的“炸药”。 名单包括詹姆斯的《消失者》(The Disappearers),讲述 20 世纪 80 年代牙买加一群身处敌对环境中的男同性恋者;斯图尔特的《约翰之约翰》(John of John),讲述一个遥远苏格兰岛上父子之间秘密的故事;以及斯特劳特真挚的小镇故事《我们从未说出的话》(The Things We Never Say)。 詹姆斯在 2015 年凭借《七次杀戮的简史》(A Brief History of Seven Killings)获得布克奖,斯图尔特在 2020 年凭借《沙基·贝恩》(Shuggie Bain)获奖。斯特劳特的《哦,威廉!》(Oh William!)在 2022 年入围决赛。她在 2009 年凭借《奥莉芙·基特里奇》(Olive Kitteridge)获得普利策小说奖。 他们与布克奖长名单上知名度较低的名字并列,这些作者分别来自英国、爱尔兰、牙买加、墨西哥、土耳其和美国。 名单中的三位是出道作者:土耳其裔美国作家肯南·奥尔汉(Kenan Orhan)凭借家族历史故事《翻修》(The Renovation);英国作者丽贝卡·佩里(Rebecca Perry)凭借从中世纪到现代的故事《我们可以喂养国王吗》(May We Feed the King);以及爱尔兰的贾梅尔(Djamel)

法院婚礼的特点是简单等同于缺乏风格。但对许多人来说,这仅意味着风格不太可能被各种义务所掩埋。多伦多音乐家马德琳·科比(Madelyn Kirby)和卢克·罗宾逊(Luke Robinson)也持有同样的观点,两人于 5 月在多伦多的奥斯古德大厅(Osgoode Hall)结婚,次日在另一个场所哈特之家(Hart House)举行了规模更大的庆祝活动。科比表示,法院仪式让他们与直系亲属共度了“安静而有意义的时刻”,而随后的派对则是为了更广泛的社交圈。仪式气氛亲密且私人化:科比从小就认识的家庭朋友梅兰妮·克拉夫特法官(Justice Melanie Kraft)主持了仪式;科比的哥哥担任摄影师;夫妇双方的母亲均担任见证人。随后他们在意大利餐厅 Terroni 共进午餐。“回想起来,将仪式简化到最核心的部分真的有一种解脱感,”科比说。“它提醒我们,婚礼不需要奢华才能让人感到意义重大。” 虽然有些夫妇可能会为了社交媒体而选择大操大办,但卢克(Luk)认为,如果人们在网上看到小型婚礼,这也会激励许多夫妇选择规模更小的方式。她说:“我鼓励夫妇们记住,这是他们作为夫妻共同做出的第一个重大决定之一。重要的是,庆祝活动应该反映他们共同的价值观,而不是满足所有人的期待。” 尽管如此,将所有你爱的人聚集在一个房间里,集体跳着糟糕的舞,让长辈们闲聊,让朋友们一个接一个地发表混乱的演说,这其中也有一种美妙之处。特别是在将婚礼视为重大社区里程碑的文化中,规模较大的庆祝活动并不被视为轻率。它们关乎家庭仪式感和归属感。但正如卢克所言,夫妇们不需要在法院登记和更有意义的仪式之间做选择。她说:“这两者并非对立。归根结底,举办规模最大的婚礼并没有奖杯。最好的婚礼是让你感到真实的婚礼。”

《环球邮报》特供

White 的作品是《All Them Dogs》,这是一部以都柏林地下世界为背景的惊悚小说。 White 现年 28 岁,是入围者中最年轻的作者。最年长的是 81 岁的 M. John Harrison,他的后末日故事《The End of Everything》是极少数能进入布克奖名单的科幻小说。其他竞争者包括 Chloe Aridjis 的《The Shadow of the Object》、Luke Kennard 的《Black Bag》、Missouri Williams 的《The Vivisectors》、Emma Cline 的《Switzy》、Makenna Goodman 的《Helen of Nowhere》以及 Gwendoline Riley 的《The Palm House》。

Beard 表示,五位评审(包括 Pulp 乐队主唱 Jarvis Cocker 和美国小说家 Patricia Lockwood)试图跳出对典型布克奖获胜作品——“略显严肃,即将成为经典”——的固有观念。相反,他们选择了那些“试图以完全不同的方式扩展我们思考自身界限”的小说。

“有时他们使用幽默,有时是感伤,有时则具有震撼价值,”Beard 说道。“他们是冒险者。他们像炸药一样。他们在说‘来吧,试着用另一种方式来看待它’。”

布克奖成立于 1969 年,以能够改变作家的职业生涯而闻名,面向任何在英国和爱尔兰出版的、来自任何国家的小说开放。去年的获胜者是匈牙利裔英国作家 David Szalay 的《Flesh》。评审将在 9 月 22 日公布六名入围决赛者,获胜者将于 11 月 9 日在伦敦的颁奖典礼上揭晓。

Page 13

我找到了一个回归大地的落脚点

F

第一人称

我曾认为飞行是极致的自由,

但事实证明,最伟大的旅程 是脚踏实地, Alona Vasylieva 撰文

10 年间,作为乌克兰国际航空的国际乘务员,我的生活是以高度和时区来衡量的。我的大多数航线分布在欧洲,但我最喜欢的是前往北美的长途飞行。当我从第聂伯国立大学获得国际新闻学学位毕业后,我进入了一段被浪漫与冒险包裹的职业生涯。对于来自乌克兰一个小镇的人来说,在国家航空公司获得乘务员职位感觉是一项巨大的成就——无论是字面意义上还是隐喻意义上,这都是一个通往更广阔世界的发射台。飞机客舱成了我的家,而下方的世界则成了不断变换、万花筒般的背景。我是一个住在行李箱里的专业游牧者,在 35,000 英尺的高空处理混乱,并学会读懂完全陌生的人内心未说出口的焦虑。在任何一天,我可能在为一名医疗危急的乘客进行急救,管理一排喧闹的飞行乘客,或与安保人员协调护送一名愤怒的被遣返乘客。除此之外,还有诸如突然的客舱失压等紧急情况,在这种情况下,你被迫压抑自己的恐惧,以确保每个人的安全。我一直由肾上腺素和永恒运动的原始能量所驱动。然后,在 2022年 2月 24日,当俄罗斯入侵乌克兰时,我的世界突然停了下来。凌晨 4 点,当我的丈夫、儿子和我被摇晃基辅的恐怖爆炸雷鸣声惊醒时,一切都破碎了。我们选择逃往加拿大,从零开始生活。由于来自一个繁华的欧洲首都,我们认为在就业方面需要一座加拿大大城市。但加拿大志愿者出乎意料地为我们匹配了一个位于圣玛丽斯(St. Marys)的绝佳宿主家庭,这是安大略省西南部的一个小镇,以其历史悠久的石灰岩建筑和安静的节奏而闻名。并不是我们选择了这个小镇,而是这个小镇选择了我们,并且我们接受了这份拥抱。将全球飞行的不间断生活换成一个只有 7,000 人的社区,是一次深刻的心理冲击。在最初的几个月里,乡村的宁静让人感到震耳欲聋。这里不再有高风险、嘈杂的

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飞行前 简报 在那里, 我们的 机组人员大声地演练紧急 演习程序以保持 敏锐。那里没有在国际航站楼 中混乱的匆忙。 相反,我发现了安静的农贸 市场,以及在树林间蜿蜒 穿过泰晤士河的舒缓散步小径。 作为一名乘务员,我接受过 成为过渡专家的培训。我每天 接触数百人,在飞行过程中 照顾他们,然后永远地 离开他们的生活。这是一个 强烈但短暂的 连接行业。 在我新的加拿大家园里,我 很快意识到,人与人之间的 联系是在一个完全 不同的时间线内运行的。你今天 在人行道上擦肩而过的人, 就是你明天在杂货店 身边站着的同一个人。这里的 关系并非在快节奏的一次 班次中建立。它们是缓慢地 培养的, 就像 我在厨房里开始烘烤的 纯手工天然酵母面包一样。 随着月份变成 年岁, 一种 安静的 转变 在我内心发生。我在空中 培养的核心技能—— 共情、观察以及在陌生 环境中寻找平静的能力—— 正是我在地面上建立生活 所需的精准工具。 记得 我的 新闻从业 根基,我决定再次拿起 我的笔。我联系了 当地的报社,一年多以来, 我一直在写一

每周专栏。我依靠的与在飞机客舱中使用的相同的观察能力,但现在我捕捉的是小镇生活中平静、踏实瞬间,以及那些将我们所有人联系在一起的时刻。现在最大的不同之处在于,这些反思不会在行李领取处消失。如今,我在当地的一家保险办公室担任接待员,每次读者在前台窗户向我挥手时,我都像孩子一样微笑。邻居们经常在街上拦住我,只为了说:“阿洛娜,你的上一篇文章太有趣了,继续加油!”

有时,当我抬头看到细长的白色凝结尾迹切开蓝天时,一阵怀旧之情袭来。我仍然怀念起飞时纯粹的快感,以及在厨房区域观看大西洋日出的静谧魔力。但随后我环顾安静的街道,看着我的家人在这里扎下的深根,我露出了微笑。

我曾认为飞行是自由的终极表达。但事实证明,记住邻居的名字并在一个小镇中寻找自己真实的表达方式,才是最伟大的旅程。它最终让我回到了地面。

阿洛娜·瓦西里耶娃 (Alona Vasylieva) 现居安大略省圣玛丽斯 (St. Marys, Ont.)。

“第一人称” (First Person) 是由读者提交的每日个人作品。有故事要讲述吗?请参阅我们的指南:tgam.ca/essayguide。

INUVIK 10/5/SH

WHITEHORSE 20/10/SH

YELLOWKNIFE 20/12/S

STJOHN'S 17/12/PC EDMONTON 23/14/S

REGINA 29/17/S

VANCOUVER 21/14/S

PORTLAND,OR 21/17/R

DENVER 34/18/SH

LASVEGAS 42/30/S

PHOENIX 44/34/S

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今日数独答案

今日 KenKen 答案

IQALUIT 10/5/R

HAPPYVALLEY-GOOSEBAY 27/18/SH

CHURCHILL 14/11/R

WINNIPEG 28/17/T

OTTAWA 26/17/SH MONTRÉAL 26/18/SH

TORONTO 26/18/S

CHICAGO 30/22/S

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HALIFAX 20/16/C

BOSTON 20/18/T

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SANJUAN 32/27/S

第 14 页

星期四,2026 年 7 月 30 日

1.

1 倾向于 6 特定引用风格:缩写 9 XOXO 中的一个 “X” 13 “再见,姑娘!” 16 前缀为 “war” 或 “lock” 17 “我们可以离开吗?” 18 小屏幕广告位 19 黑猫,也许 20 星露谷矿井发现物 21 伊斯兰教第二大教派的追随者 23 由腰果或大豆制成的产品 26 在曼彻斯特,意为“接吻” 28 包含 haupia 和 poi 的聚会 29 次要社交,例如 31 可能涉及触球的足球动作 33 Showtime 子公司 34 冰上的 Malinin 35 无特权个体 37 比如在玩滚筒德比 39 “ 之球” 40 燃烧 42 突然上升 43 美国邮政“信条”中重复三次的连词 44 已经 46 修道院人员 47 它们可能会在夜出时穿着! 50 获得奥斯卡奖的 King 51 -cone 52 嗓音特质 56 与口相关的 57 “我很抱歉” 60 “等一下” 61 傲慢的

桥牌 作者:STEVE BECKER

南家叫牌。 双方均处于脆弱状态。

叫牌过程:

南家 1 [S] 西家 Dble 北家 2 [S] 东家 Pass 南家 4 [S] 首攻 —— 方块K。

隐晦十字谜题 (CRYPTIC CROSSWORD)

    





 





 

纵向

横向 1 设法绕过小树林 (5) 4 搬卧室的乏味感 (7) 8 鲨鱼和鳐鱼中的领导者吃鱼 (7) 9 沿着河道跟随 (5) 10 在俱乐部内部遭受痛苦,大部分声音很大 (10) 14 简短雇佣家庭成员的公司 (6) 15 英国工人协会的肿胀 (6) 17 在我的评论后出现犹豫的迹象,扰乱了狂欢者 (10) 20 舒适小室里的刻薄醉汉 (5) 22 季度初的垃圾衣物 (7) 23 关于免费娱乐的退让?(7) 24 确实在为每场卡牌游戏剪裁 (5)

1 ___ 贝尔 2 用蜡包装的圆盘 3 本线索数字的平方 4 Reddit 上的不喜欢 5 芝加哥到路易斯维尔方向 6 缺乏原则 7 普斯托酱中使用的碎屑 8 在过去 9 游泳传奇 Ledecky 10 正畸品牌 11 它们有时被交叉用于购买烟花 12 典型的薯条或薯球 14 渴望 15 “你让我脸红了!” 22 “___ All That” (2021 年浪漫喜剧) 24 环法冠军 Bernal 25 安保系统设备,简称 26 典型地包含邪恶双胞胎和失忆者的节目 27 “这是最后一次!” 30 标签 31 “Larger ___ Life” (后街男孩热门歌曲) 32 博学多才的人 34 信仰声明? 36 “鲍勃的汉堡”中戴眼镜的角色 38 父母的姐妹 41 船上安装的设备



© News Licensing/Times Media Limited

纵向 1 街头玩家将现金减半 (4) 2 向公众开放的标准国王花园 (4) 3 我无聊地咬,解决食用适宜性 (9) 4 像海浪一样冲向海岸 (6) 5 叛逆者和叛徒,首要地 (3) 6 巨大的杀生物蝙蝠 (8) 7 好斗的意大利人,随时间划分他的城市 (8) 11 为切达尔(Cheddar)等地点订制的路线图 (9) 12 武器休战,几乎被击出六分 (8) 13 完全震撼,好吧?(8) 16 机器人在 Tinder 上最初让所有人感到悲伤 (6) 18 想要棋手牺牲象 (4) 19 处理非法药物 (4) 21 经常涉及冲突的纽带 (3)

编辑:DAVID STEINBERG

44 永久驱逐 45 “你来吗?” 48 在祭坛前逃婚 49 爱打探的 50 这个十字谜题有 15 个

人们常说除了死亡和税收之外没有什么一定是肯定的,但博学的桥牌玩家会在此基础上增加一条格言:每位玩家被发 13 张牌。优秀牌技的基石就建立在这个简单的真理之上。 以这个案例为例,西家在面对 4 张本时首攻方块K。 庄家赢牌并打出 A 和另一张本,输给 K。 西家试图通过方块 Q 获利,但庄家将牌吃掉(ruffs)。 南家用一张王牌交叉到假牌,并尝试俱乐部套牌,输给 K。如果西家,注视着

数独难度评级:HHHHI

指令 填满网格,使得每一行九个方格、每一列九个方格以及每个九格区域(三乘三)都包含数字 1 到 9,顺序不限。 每个谜题只有一个解。

指令

KENKEN

©2026 KENKEN Puzzle LLC. KENKEN 是 Nextoy, LLC 的注册商标。 由 Andrews McMeel 发行 www.kenken.com

每行和每列必须包含数字 1 到 6,且不能重复。

53 死后传记 54 总部位于布鲁塞尔的团体 55 “慢搅拌”冰淇淋品牌 58 长柄园艺工具 59 纽约市地铁运营商

假人们的草花,感到恐慌并 打出红心A,因为 他担心南家会在假人的草花上 弃掉他的红心输牌, 从而把合同交给叫约者。 西家可能会采取这种打法, 因为他认为阻止合同的唯一机会 是希望东家持有红心K。 然而,这种推理是不合理的。 西家应该改为回传草花, 因为这样做他不会损失任何东西。 西家拥有使其草花回传 完全安全所需的所有信息。他知道 南家开始时正好有 5 张黑桃 和 1 张方块,这意味着

叫约者在红心和草花中 持有 7 张牌。 如果南家有 2 张草花,他必须 有 5 张红心;如果他有 3 张 草花,他必须有 4 张红心; 如果他有 4 张草花,他必须 有 3 张红心。在所有这些情况下, 南家都无法摆脱他所持有的 任何红心输牌。 因此,西家唯一正确 的行动是在第 7 墩回传草花 并让事情自然发展,在这种情况下 结果是低 1 墩。 南家的红心输牌会 以某种方式消失的危险 更多是想象而非现实。

©2026 King Features Syndicate Inc.

答案

昨天的通用填字游戏

昨天的隐晦填字游戏

' 5 ( 1 & + 2 6 / 2 ( * 2 $ ) $ : & $ 5 $ 9 $ 1 5 ( % ( / , ( ( 7 $ % ( ' ( 7 ( 1 7 , 2 1 $ & 7 ( 7 . 7 5 ( 1 ( * ( % , 6 + 2 3 2 $ 1 2 ' , 0 5 ( / 8 & 7 $ 1 7 ( $ ' , ( * + % 8 ' * ( 9 , 1 7 $ * ( 8 , 1 ( 6 , $ 7 , & . 3 ( 5 1 2 '

Page 15

特朗普请求

最高法院 撤销 诽谤 判决

美国总统的律师称,他无需为在任期间发表的言论承担 8300 万美元的赔偿责任

LINDSAY WHITEHURST LARRY NEUMEISTER 华盛顿

美国总统 唐纳德·特朗普 和司法部正请求最高法院撤销作家 E. Jean Carroll 在指控其性侵后赢得的一项 8300 万美元的诽谤判决,理由是他不能因在担任总统期间发表的言论而被起诉。这是特朗普先生第二次请求大法官撤销陪审团授予 Carroll 女士(一位资深的建议专栏作家和前电视访谈节目主持人)的赔偿金。最高法院在 6 月拒绝审理他对另一项 500 万美元判决的上诉,该判决裁定其对性虐待和诽谤负责。

最新的案件集中在特朗普先生在担任总统的首任期间发表的言论。司法部希望援引《韦斯特法尔法案》(Westfall Act),该法案保护政府雇员在履行职责时免于被起诉。联邦律师写道:“如果本法院不干预,现任总统将面临近一亿美元的个人责任,而其行为完全在其联邦职务范围内。仅此一点就值得本法院关注。”

美联社周三审阅了这些文件,预计不久将正式在法院立案。与此同时,特朗普先生的律师辩称,一家上诉法院“在程序上采取了扭曲手段”,以避免处理特朗普先生的主张,即总统豁免权保护他免于承担 8300 万美元的赔偿,因为相关言论发表于 2019 年他担任总统期间。律师辩称,位于曼哈顿的美国第二巡回上诉法院的裁决方式“在这一前所未有的案件中急需本法院的审查”,并称赔偿金“严重过高”。

律师写道:“这是我国历史上首次有法院因一名总统在职期间的行为而对其施加损害赔偿责任。”

Carroll 女士的律师拒绝就特朗普最新的申请发表评论。特朗普先生长期主张,他不能因在首任期间发表的关于 Carroll 女士的言论而被起诉;在这些言论中,他否认认识她,并攻击她在最近的一本回忆录中公开讲述该故事的动机。他还请求最高法院大法官重新考虑他们对他 500 万美元判决上诉的拒绝。

此次上诉发生在最高法院授予特朗普先生作为前总统享有广泛刑事起诉豁免权约两年之后。Carroll 女士在纽约陪审团面前两次作证称,特朗普先生于 1996 年春季在特朗普大厦对面的奢侈品零售商 Bergdorf Goodman 的更衣室中对其实施了性侵。她于 2019 年的一本回忆录中首次公开这些指控。在他指责她编造指控以提高图书销量,并补充说他从未见过她且“她不是我的类型”后,她起诉特朗普先生诽谤。

他多次否认有任何不当行为。曼哈顿陪审团于 2024. 1 月授予她 8300 万美元的赔偿金。目前,下级法院已拒绝了特朗普先生推翻该判决的上诉,不过位于纽约的上诉法院在决定上存在分歧,并同意在最高法院做出裁定前推迟支付该款项。

2023, 另一名陪审团在认定特朗普先生在百货公司相遇期间对其实施了性虐待,以及在首任结束后发表的言论构成诽谤后,裁定 Carroll 女士有权获得 500 万美元。该项判决已支付。

美联社不披露声称遭到性侵的人员身份,除非他们像 Carroll 女士那样公开现身。

美联社 (ASSOCIATED PRESS)

能源:卡尼旨在避免特朗普最新一轮关税

来自 A1

来自 A1

此举标志着与总理上周的坚持有所分歧,后者在决定如何应对特朗普先生即将于 8 月 19 日生效的最新一轮关税时,坚称“一切都在讨论范围之内”。

美国高度依赖加拿大石油——每天进口约 400 万桶,几乎占其所有石油进口量的三分之二——这使其成为一个强大的潜在杠杆点。

卡尼先生还为渥太华决定取消流媒体平台必须支付的 5% 税款(该税款旨在支持加拿大电视、电影和音乐内容的创作)进行了辩护。一名政府律师在 7 月 17 日的一份法院文件中写道,渥太华打算“消除”这项征费。

这一决定直到本周才曝光,当时电信行业新闻网站 The Wire Report 获得了一份该律师信函的副本。此前,文化部长马克·米勒在 6 月下令要求联邦广播监管机构重新审查将其税率提高到 15% 的决定。

总理在周三坚持认为,这项政策转向是为了保持流媒体服务的可负担性。“大多数加拿大人拥有一个、两个或更多此类流媒体服务,这涉及真金白银。这些费用累积起来很可观。”

《在线流媒体法》经常被美国政府列为最主要的贸易摩擦点。亚马逊 (Amazon)、苹果 (Apple) 和 Spotify 都在加拿大联邦法院提起诉讼,试图阻止该法案。

米勒先生的发言人埃尔敏·兰德里 (Hermine Landry) 告诉《环球邮报》,流媒体平台“仍将被要求将其收入的一定比例重新投资于加拿大和原住民内容”。她表示,目前还没有关于该比例具体是多少,或者何时做出该决定的最新进展。

勒布朗先生和加拿大驻美首席贸易谈判代表珍妮丝·沙雷特 (Janice Charette) 周三上午在华盛顿与格里尔先生会面。沙雷特女士周二还与格里尔先生的西半球副手杰弗里·格特曼 (Jeffrey Goettman) 进行了会谈。

加拿大旨在避免特朗普先生实施其最新一轮关税——这将涉及对价值 200 亿美元的商品(包括电子产品和酒精)征收 50% 的关税——并力求达成协议,降低或取消他此前对汽车、金属和其他商品征收的税项。

周二晚上,勒布朗先生和马克·怀斯曼 (Mark Wiseman),加拿大...

[[IMG_XXXX]] 安东尼·福齐博士周三在华盛顿国会大厦出席参议院听证会,就他在 COVID-19 疫情期间的角色接受质询。ALLISON ROBBERT/美联社

福齐:民主党人质疑听证会的价值

当时,拜登先生表示,赦免是为了抵御未来“不公正且出于政治动机的起诉”。尽管如此,这场疫情仍然是一个强有力的政治话题,保罗先生利用其委员会主席的权力,公开了与疫情相关的政府内部文件——甚至在(上)周公开了福齐博士的个人日记——同时向这位八旬的前公职人员发出传票,要求其在委员会面前出席。然而,福齐博士对数十个问题均未给出答案,而是重复使用一段 21 个单词的声明,援引 (美国宪法) 第五修正案。当福齐博士的律师试图代表其客户发言时,保罗先生命令将其移除,并警告福齐博士,阻碍国会调查是非法的,“你今天拒绝作证将会产生后果。”他承诺

下周将就福齐博士是否应被判定为藐视法庭进行投票。多年来,科学家、怀疑论者、情报部门及其他人士一直质疑在武汉病毒研究所开展的工作是否创造了 COVID-19 病毒。目前尚未出现实验室错误的决定性证据,但研究人员也未能证明自然起源的途径,而世界卫生组织称后者是最可能的流行原因。福齐博士认同这一观点,但并未排除实验室泄漏的可能性。保罗先生指责福齐博士长期支持功能增强研究(gain-of-function research),即科学家利用实验室技术使动物病毒能够感染人类。近年公开的文件显示,在疫情开始在世界范围内致命传播后,福齐博士和其他研究人员私下试图确定

实验室泄漏是否可能导致了这场疫情——而此时他们在公开场合淡化了

这种可能性,包括在 2020 年初发表的一篇具有影响力的《自然》(Nature)杂志文章中。 “你没有向美国人民讲述完整的故事,”保罗先生说道。 他将福齐博士的私下想法与公开声明进行了对比。2020 年 1 月 26 日,福齐博士在日记中写道,武汉的一个菜市场“不是源头,而是放大器”,起到了感染的放大作用。然而,在当时的大量采访和声明中,福齐博士指出中国菜市场在疫情中的作用,认为从野外引入的动物为病毒“跳跃”至人类提供了“充足的机会”。

而在美国首都举行的华盛顿国民队对多伦多蓝鸟队的棒球赛中,加拿大驻美大使参加了加拿大-美国友谊日活动。该活动由加拿大政府、Netflix、亚马逊和谷歌赞助。 自去年就职以来,卡尼先生对特朗普先生做出了一系列让步,例如取消对美国商品的报复性关税,以及取消一项计划中的数字服务税。本月早些时候,渥太华同意将温莎与底特律之间新建的戈迪·豪威国际大桥(Gordie Howe International Bridge)的一半净通行费收入交给美国,尽管加拿大支付了全部 $6.4-billion 的建设费用。 然而到目前为止,特朗普先生只是增加了对加拿大的关税,双方尚未达成卡尼先生所承诺的贸易协议。 一些声音(如安大略省省长道格·福特)敦促卡尼先生采取更强硬的措施,例如对美国商品征收等额关税。福特先生本人去年曾对其省出口至美国的电力短暂征收 25-per-cent 的附加费,但在特朗普先生威胁增加更多关税后,他突然改变了方向。

在参议员乔·麦卡锡的领导下,寻求那种检方目标的做法变成了标准操作程序。我们不应该成为那种努力之重演的一部分。

理查德·布卢门撒尔 康涅狄格州民主党人

(19)

在他的日记中,安东尼·福齐医生仍然坚持认为“病毒在某个地方从动物跳跃到了人类身上”。

但保罗先生指责他在公开场合蓄意掩饰。

保罗先生表示,实验室泄漏的可能性“被完全排除在外,因为我认为你担心如果人们发现你资助了引发这场大流行病的危险研究,你会被责备”。

他试图通过一系列问题给安东尼·福齐医生定罪:“他的行为是否导致了人类历史上最大的人为瘟疫?数百万人的死亡是否是他进行的、或他批准的增强致命病毒致病性的实验结果?”

安东尼·福齐医生坚决否认支持在中国的增强功能研究——五年前他告诉保罗先生:“参议员先生,如果这里有人在撒谎,那就是你。”民主党人质疑再次审问一个课题的价值,因为该课题已经成为近十份国会报告的主题,且科学家和情报机构都进行了大量的调查工作。康涅狄格州民主党人理查德·布卢门撒尔(Richard Blumenthal)指责共和党人试图诱导安东尼·福齐医生陷入刑事犯罪,并警告不要让美国历史上的黑暗时代重演。他说:“在乔·麦卡锡(Joe McCarthy)参议员时期,寻求这种检控目标成了标准操作程序。我们不应参与这种尝试的重演。”他告诉安东尼·福齐医生,共和党人“渴望将你重新塑造为一个反面角色,以便转移人们对其未能保护美国人免受医疗成本飙升影响的失败关注”。

美国总统唐纳德·特朗普曾与安东尼·福齐医生保持温和的关系,但多年来一直与其他保守派一起攻击他。特朗普先生周一在社交媒体上写道:“他的想法太疯狂了!而且,我从一开始就说病毒来自中国的武汉病毒研究所。福齐强烈反对,总是试图保护中国。”对于其他共和党人来说,安东尼·福齐医生仍然是一个极具毒性的形象,不仅要为大流行病的混乱——或许是大流行病本身——负责,还要为毒害美国社会负责。佛罗里达州共和党人里克·斯科特(Rick Scott)说:“我们有整整一代美国人,理所当然地不再信任我们的机构能够保护人们的安全——而这都是因为你。”其他人称安东尼·福齐医生为一个夸大妄想症患者、一个骗子;据密苏里州共和党人乔希·霍利(Josh Hawley)称,他是“在我有生之年给科学带来最大损害的人”。他补充说,安东尼·福齐医生在回答问题时的沉默“就是承认”。

跨境商业顾问埃里克·米勒(Eric Miller)表示,扼杀美国的能源供应是加拿大拥有的“最强有力的手段”,但现实中无法部署。此举将面临美国昂贵的报复风险,例如切断通过美国快捷通道将阿尔伯塔省原油运往安大略省炼油厂的管道。

里多波托马克策略集团(Rideau Potomac Strategy Group)总裁米勒先生表示:“这就像加拿大的核武器。每个人都知道它拥有,但它不能真正使用。”

他说,取消对流媒体主播的征税是一次“轻微”的妥协,因为卡尼政府似乎并不那么在意这件事。其目的可能是通过取悦那些对唐纳德·特朗普有影响力的科技公司,来“降低”谈判的紧张气氛。

前美国外交官斯科蒂·格林伍德(Scotty Greenwood)表示,加拿大必须准备好向美国展示力量,并且如果到 8 月 19 日仍未达成协议,必须有一套既定计划。

她说:“加拿大人一直犹豫或不愿展示肌肉。现在是时候采取强硬立场并真正展示力量了。面对这位特定的总统、这个特定的对手,你必须在强势地位上进行谈判。”

她表示,马克·卡尼将需要各省省长和加拿大人民在他身后团结一致,特别是由于最新一轮的关税沉重地打击了安大略省和魁北克省,而豁免了阿尔伯塔省和萨斯喀彻温省。“这是美国方面的一个聪明举动,”她说,“加拿大也必须同样聪明地应对。”

保守党国会议员舒瓦洛伊·马朱姆达尔(Shuvaloy Majumdar)表示,加拿大应当建立“关键矿产和能源的战略储备”,并释放其汽车和国防制造业基地,以便在与美国的谈判中“增加筹码”。

总理在周三明确表示,最终有可能根本不达成任何协议,并誓言只有在能获得一份理想协议的情况下才会签署。

“我们只接受一个对加拿大人有效的解决方案,”他说。“如果有可能达成协议,我们现在的重点将是朝着达成协议的方向努力。”

否则,他说,加拿大有“很多选择”来为其商品寻找其他市场。“每个人都想与加拿大开展更多合作,”他说,“除了美国。”

第 17 页

S&P/TSX 35,333.78 -415.92

T

两大美国工会

呼吁与加拿大 建立稳定的 贸易关系

VANMALA SUBRAMANIAM 未来工作记者

两个代表数十万制造业工人的美国主要私营部门工会宣布,强烈反对美国总统唐纳德·特朗普针对加拿大商品实施的新一系列关税,并呼吁白宫扭转方向。

美国钢铁工会(United Steelworkers)国际主席罗克珊·布朗(Roxanne Brown)和国际机械与航空工人协会(International Association of Machinists and Aerospace Workers)国际主席布赖恩·布莱恩特(Brian Bryant)警告称,特朗普先生针对某些加拿大产品征收的 50% 新关税将于 8 月 19 日生效,这属于“不公平贸易”,且只会进一步加深两国之间的裂痕。

两家工会周二向美国贸易代表杰米森·格里尔发送了一封信函,请求白宫重新考虑使用《关税法》第 338 条来征收这些税款,并让美加贸易关系回到一个更加“稳定、平衡的基础”上。

这封信值得关注,因为美国钢铁工会此前经常公开支持特朗普先生的贸易政策。

“每个国家都必须确保贸易公平,并解决贸易摩擦,然而过去一年半里,美国与加拿大的贸易关系中分歧多于合作,”信中写道。

工会,B6

美国美联储

维持利率 不变,但内部 焦虑增加

COLBY SMITH S

尽管政策制定者之间对于在五年地超过中央银行 2% 的目标后,如何更直接地应对通胀的分歧日益增加,但美国联邦储备委员会(美联储)周三仍维持利率不变。

美联储以 9-3 的投票结果决定将利率维持在 3.5% 至 3.75% 之间,这一水平自 1 月起一直维持不变。克利夫兰联邦储备银行的贝丝·哈马克(Beth Hammack)、明尼阿波利斯联储的尼尔·卡什卡利(Neel Kashkari)和达拉斯联储的洛里·洛根(Lorie Logan)持异议,投票支持加息 0.25 个百分点。

这些分歧凸显了美联储及其主席凯文·沃什(Kevin Warsh)所处的困境,因为他们正努力应对新的价格压力来源,而这些压力威胁到将进一步恶化一个已经复杂且长期存在的通胀问题。

由于伊朗战争处于微妙的僵局,近几日油价大幅波动。结束冲突并重新开放霍尔穆兹海峡(全球能源市场关键航道)的协议仍然遥遥无期。唐纳德·特朗普总统在美联储做出决定后对记者表示,战斗远未结束。他表示,美国将对伊朗发起新一轮攻击。

战争并非美联储应对的唯一供应冲击。特朗普先生正在积极增加新关税,且劳动力市场仍在消化他所实施的全面移民限制措施。

美联储,B6

S&P 500 7,316.15 -112.63

DOW 51,594.14 -1,153.18

Via Rail 将接收 45 辆新型混合动力机车以替换其老旧车队。瑞士 Stadler 公司将制造前 9 辆,其余发动机将在蒙特利尔组装。CHRISTINNE MUSCHI/THE CANADIAN PRESS

在乳蛋白文化热潮中,

特朗普的关税瞄准加拿大乳清

KATE HELMORE 农业与食品政策记者

自从美国总统唐纳德·特朗普去年就职以来,他的关税政策已针对钢材、铝材和汽车。接下来的目标是:蛋白质。 当特朗普政府上周宣布将对数百种加拿大产品征收 50% 的关税时,名单中包括一系列蛋白质产品,例如乳清和其他乳蛋白。白宫将此次征税归因于加拿大供应管理制度中特定的“歧视性”规则,该关税将于 8 月 19 日生效。 这批关税将影响价值超过 $200-million 的对美蛋白质出口,其中大部分为乳基产品。

矿业 Allied Gold 价值 $5.5-billion 向中国紫金矿业的出售 告吹 B2

评论 我们需要更多激励措施 以让老年人 继续工作 B4

环球投资者 芯片抛售潮 可能正是 AI 的 绝佳买入机会 B8

公司

CELESTICA ............................. B9 CENOVUS ENERGY ................ B2 DEUTSCHE BANK .................. B7 GIBSON ENERGY .................... B9 MICROSOFT ........................... B2

美元 71.01/1.4083 +0.10/-0.0019

纳斯达克 24,442.94 -433.97

[ 交通 ]

VIA 迎来改造

渥太华将投入 $1.9-billion 更换老旧机车 并建设新的组装厂和维修设施 B2

这仅仅是美国对加拿大供应管理制度表达异议的最新例子。该制度通过限制生产和进口,以确保国家价格高于生产成本。 这些措施将影响某些加拿大的乳制品加工商,美国乳制品出口商指责这些加工商在全球市场中拥有不公平的竞争优势。加拿大三大乳制品加工商——Agropur Inc.、Saputo Inc. 和 Lactalis Canada——均设有生产和分销蛋白质产品的原料部门。 但通过针对乳蛋白,特朗普先生还将额外的成本转嫁到了那些处于文化热潮中心、极受欢迎的产品上。

为什么历史性的住房低迷

没有引发经济衰退

TIM SHUFELT 投资记者

分析

加拿大的住房泡沫确实开始看起来已经完全破裂了。 在经历了 41⁄2 年的时间,且全国平均房价下跌 20% 之后,市场终于稳定了下来。 这并不是说繁荣时期回来了。远非如此。但一个逐渐收紧的市场,以及价格在约五个月内保持稳定,表明我们现在正处于底部。 如果事实证明这就是结局,那么最引人注目的是这次低迷是如何被有效控制的。价格下跌持续的时间几乎与始于 2008-09, 年的美国住房崩溃一样长,且比 20 世纪 90 年代安大略省房地产的熊市更为深沉,这使其可以说成为记录以来最严重的修正。 然而,几乎没有出现更广泛经济影响的迹象。传染效应在哪里?为什么没有发生经济衰退?

黄金 (盎司) US$4,036.30 -2.40

原油 (WTI) US$84.46 +5.20

目前全球对蛋白质的需求正处于爆发期,这在很大程度上是由“男权圈 (manosphere)”健身影响者以及减肥药物的推出所驱动的。蛋白质的供应一直无法跟上这一需求。 根据美国农业部的报告,美国乳清供应商在今年剩余时间内已售罄,高蛋白乳清的价格自 2025 年年初以来已上涨 162%。 格尔夫大学 (University of Guelph) 食品科学教授 Hrvoje Fabek 表示,大多数受欢迎的乳制品蛋白(包括乳清)是生产奶酪的副产品,直到最近,它们还是价格低廉且易于获得的产品,可用作饮料中的补充剂或用于强化低蛋白食品。

蛋白质, B5

故事的一部分在于现代经济变得多么具有适应性和韧性。 近年来,曾经被认为可以可靠预测经济衰退的关系一次又一次地崩溃。 “住房就是商业周期,”美国经济学家 Edward Leamer 在 2007. 年写道。当美国住房市场的崩盘触发全球金融和经济危机时,他的观点很快得到了验证。 于 2025, 年去世的 Leamer 先生认为,住宅房地产市场的麻烦是即将到来经济衰退的最佳预警信号。 如果这是真的,考虑到加拿大投入住房的资源之多,加拿大经济应该是双重脆弱的。在 2021 年的峰值期间,住宅投资在经济产生的每 $10 中占 1 美元。 极高水平的家庭债务和饱和的住宅抵押贷款银行系统无疑意味着,当泡沫破裂时,这个国家将面临凄惨的命运。

加拿大国债 (10年期) 3.59% +0.06

第 18 页

渥太华将斥资 $1.9 亿购买新火车

机车将替换 Via Rail 在全国范围内 老旧的车队

NICK MURRAY 渥太华

联邦政府表示,计划花费 $1.6 亿替换 Via Rail 的 45 辆老旧机车,另花 $357 亿建造一座新的组装厂和维修设施。 “机车组装正重返加拿大,”交通部长 Steven MacKinnon 周三在蒙特利尔举行的新闻发布会上说道,该工厂将在此地建设。 渥太华表示,火车将由总部位于瑞士的 Stadler Rail AG 制造。首批 9 辆将在西班牙制造,而其余 36 辆将在加拿大工人向西班牙同行学习组装方法后在加拿大制造。 这些机车预计将成为北美的首批混合动力火车。 “老旧的车队带来了挑战。今天的公告为我们提供了能为乘客提供更好服务的工具,”Via Rail 首席执行官 Mathieu Paquette 说道。 “新型混合动力机车为我们提供了更好的性能和可靠性,并将允许我们”

Cenovus 首席执行官认为渥太华、阿尔伯塔省与石油公司签署的协议将带来增长

EMMA GRANEY 能源记者 卡尔加里

卡尔加里 Cenovus Energy Inc. 的负责人 Jon McKenzie 表示,阿尔伯塔省、渥太华以及加拿大五家最大的油砂公司最近签署的能源协议为大幅度提高产量铺平了道路。该协议于 7 月 2 日签署,旨在推进该省北部一个巨大的碳捕集项目,从而清除了建设一条新西海岸石油管道的另一道障碍,而该管道是联邦政府和阿尔伯塔省政府共同关注的主要重点。该协议还为渥太华和阿尔伯塔省向加拿大最大的油砂生产商提供更多财务支持,以减少排放并扩大生产打开了大门。

McKenzie 先生周三表示,该协议“为政府和工业界在提高产量、减少排放和扩大市场准入方面共同努力创建了一个框架”。

然而,他仍然对协议中包含的“不具竞争力的碳税”不以为然,他称该税项“给加拿大工业带来了独特的负担”。McKenzie 先生过去一直反对工业碳定价,认为这对于鼓励油气部门减少温室气体排放毫无作用。

尽管如此,他在周三上午的一次财报电话会议中告诉分析师,该谅解备忘录“代表了在为油砂创造竞争性投资环境方面取得了实质性进展”。

“最重要的是,该协议传递出一种共同努力发展油气部门、造福所有加拿大人的意愿。这是让我们的经济重新向前迈进的重要一步,”他说道。

虽然该谅解备忘录为生产增长设定了条件,但 McKenzie 先生表示,Cenovus 的资源开发方式将保持不变,包括纪律化的支出,以“减少我们的排放和燃料使用”。

[[IMG_XXXX]] 首席执行官 Jon McKenzie 表示,Cenovus 有信心在 7 月实现日均产量突破 100 万桶,这将是该公司首次达到这一数字。AMIR SALEHI/THE GLOBE AND MAIL


MICROSOFT 云增长超出华尔街预期

微软公司 (Microsoft Corp.) 周三公布的季度云收入增长超过了华尔街的预期,这表明随着容量限制的缓解以及更多企业采用该技术,其在 AI 基础设施上的巨额投资正在产生回报。

根据 Visible Alpha 的数据,该公司 Azure 云计算业务在第四财季的收入增长了 43%,而分析师的共识预期为 39.98%。

总部位于华盛顿州雷德蒙德的微软公司股价在盘后交易中上涨了约 3%。

“今年,Azure 的收入超过了 US$100-billion...”

[[IMG_XXXX]] 联邦交通部长表示,该交易将创造 1,200 个新的全职工作岗位,且混合动力火车将采用加拿大制造的电池。SAMMY KOGAN/THE GLOBE AND MAIL

这些火车将取代 Via Rail 在全国范围内的车队,但温莎-魁北克市走廊除外,联邦政府计划在该走廊建设 Alto 高速铁路线。该走廊沿线的火车已于 2018 年完成更换。

关于资本项目的。 源自于该谅解备忘录(MOU)的最终政策细节将于 11 月 15 日公布——就在阿尔伯塔省就是否就脱离加拿大举行具有约束力的投票进行全民公投一个月之后。 总理 马克·卡尼 已将与阿尔伯塔省合作以及通过扩大化石燃料工业来释放该省能源业,作为其争取该省留在联邦的主要论据。 无论最终协议的细节如何,Cenovus 已经调高了其年度产量指引,以反映第二季度原油产量的激增。该公司从 4 月到 6 月的日均产量超过 970,000 桶 (b/d),其中仅油砂业务的产量就超过 786,000 b/d。 McKenzie 先生表示,该公司“进展顺利”,预计 7 月的日均产量将超过 100 万桶——这是该公司历史上首次达到该数字。因此,该公司将其全年产量指引提高了约 25,000 b/d,至 970,000 到 1,010,000 b/d 之间。 这一增长主要来自公司的油砂业务,包括其 Narrows Lake 项目。该项目位于阿尔伯塔省 Fort McMurray 以南约 150 公里处,与公司的 Christina Lake 加工设施相连,并于去年 7 月产出了首批原油。 McKenzie 先生表示,Narrows Lake “继续超出预期”,目前日产量超过 8,000 b/d。最终预计日产量将达到 20,000 到 30,000 b/d。 “我们对 Narrows Lake 的增长预期比预测的来得快得多。值得注意的是,我们仅凭前四个井垫就达到了原本预期前五个井垫才能实现的产量率,”他说道。 该公司在 Foster Creek 设施(位于埃德蒙顿东北约 350 公里,Cold Lake 油砂地区)的产量约为 215,000 b/d,比上一季度减少了约 8,000 桶。Cenovus 将此归因于 5 月下旬该场地的“一次计划外中断”。 McKenzie 先生表示,公司位于 Fort McMurray 东北 60 公里的 Sunrise 设施比原定的 2027 年日期提前一年达到了生产目标,且经常超过 70,000 b/d。 Cenovus 报告第二季度净收益为 $2.87-billion,而去年同期为 $851-million。其第二季度总收入为 $17.4-billion,高于 2026 年第一季度的 $12.4-billion。

微软(Microsoft)预测本日历年的支出将达到 US$190-billion,这是前所未有的科技巨头总计超过 US$700-billion 支出的一部分,这些支出使公司的现金流承压,并引发了对产能过剩的担忧。 与此同时,该公司通过在产品中加入 Anthropic 的模型并开发内部 AI,以减少对 OpenAI 技术的依赖,同时利用其深厚的商业关系来提高 US$30-a-month 的 Copilot 的采用率,包括今年早些时候与埃森哲(Accenture)达成的协议。 路透社(REUTERS)

在新闻发布会上,官员们被问及新机车将如何改善 Via Rail 的服务。 加拿大审计长在今年早些时候报告称,这家国有企业需要改善其服务,并指出 Via 在过去十年中未能提高其准点率。

“这是我们首次实现这一目标,且 Microsoft 365 Copilot 的付费用户数超过 30 million,这反映了客户对我们驱动其 AI 转型的信心,”首席执行官 Satya Nadella 表示。 强劲的增长可能会减轻对微软的一些担忧。由于数据中心支出激增,以及人们担心 AI 工具可能会取代其长期可靠的生产力软件业务,微软一直面临压力。 此前,谷歌云(Google Cloud)在季度中表现强劲,这家竞争对手上周公布的云收入激增 82%,远超市场预期。

表现,在 2025 年的前三个月下降到了惨淡的 30%。

“确实,在全国某些地区,Via Rail 的可靠运行面临障碍,特别是在 Via Rail 与货运列车共用铁路线路的地方,”麦金农先生用法语说道。

Allied Gold 计划中

$5.5-billion 的出售给中国紫金矿业之交易崩盘

NIALL McGEE 矿业记者

加拿大金矿公司 Allied Gold Corp. 已取消与紫金国际金业有限公司(Zijin Gold International Co.)价值 $5.5-billion 的收购交易,原因是该交易未能在中国外国投资监管机构规定的可接受时间范围内获得批准。该交易原定于 5 月 29, 前完成,但目标日期随后被推迟至 7 月 29,,Allied 公司称原因是监管批准及其他交割条件尚未满足。Allied 首席执行官 Peter Marrone 周二告诉《环球邮报》,修订后的截止日期将无法达成,部分原因是中国尚未批准该交易。他补充说,Allied 还在处理一系列对交割至关重要且其他的问题,包括结算税务事项,以及敲定流转(streaming)、贷款和担保安排。在周三上午发布的一份新闻稿中,Allied 将此次收购终止归因于“适用于此类规模跨境交易的更广泛的外部因素”。Allied 在马里和科特迪瓦经营矿山,年产金量约 375,000 盎司,并即将启动一座位于埃塞俄比亚的新矿山。周三,Allied 在多伦多证券交易所的股价下跌 18.6%,收于每股 $24。在周三的一次采访中,Marrone 先生表示,未能获得监管机构批准似乎是中国的一项宏观政策决定,与他的公司没有直接关系。他说,他已询问过中国监管机构在过去几个月中批准了多少涉及中国实体和中国国民海外投资的并购案。“我收到的初步反馈是,这段时间内没有任何批准,”他说。“这向我表明,这是一个政策决定,而不是针对我们公司或本次交易的决定。” 中国国家发展和改革委员会(NDRC)负责监管涉及中国企业的海外交易,该委员会未回应置评请求。5 月,《金融时报》援引机密来源报道称,国家发改委对 Allied 交易表示担忧,包括紫金矿业支付的溢价以及在马里运营的地缘政治风险。但 Marrone 先生并不认同这一观点。“我们没有看到任何支持该说法的证据,”他说。今年 1 月,紫金矿业开出每股 $44 现金的价格收购总部位于多伦多的 Allied,这在当时创下了该股票的历史最高价。虽然紫金矿业将不会收购 Allied,但这家中国矿业公司计划转而持有这家加拿大公司的股份。周三,Allied 表示,紫金矿业将收购价值 $417-million 的 9.2-per-cent 股份。紫金矿业将以每股 $32.55 的价格收购约 12.8 million 股,较 Allied 周二在多伦多证券交易所的收盘价溢价 10.3-per-cent。紫金国际金业在香港交易所上市,是紫金矿业集团有限公司的子公司,后者由中国部分国有。虽然早期有人担心加拿大可能不会批准此次收购,但渥太华方面迅速从国家安全和净收益两方面予以批准。Allied 的股东也在 3 月以决定性多数票投票支持该交易。中国在另一项涉及加拿大矿业公司的重大收购案中也拥有重大影响力。英美资源公司(Anglo American PLC)计划收购总部位于温哥华的 Teck Resources Ltd.,其最后的障碍之一就是获得中国的监管批准。然而,与紫金矿业与 Allied 的交易不同,此次并无中国矿业公司直接参与。相反,当局正在审查该...

Anglo Teck 的合并将对中国的铜供应产生何种影响。国家市场监督管理总局正在确定权力是否过于集中于单一实体,以及这将如何影响中国作为该大宗商品主要买家的地位。Teck 和 Anglo 上周均表示,该交易仍有望在 2026 年 9 月至明年 3 月之间完成。Teck 首席执行官 Jonathan Price 在上周四的电话会议上表示,国家市场监督管理总局对该交易的调查进展正常,公司正作为该流程的一部分回应各项要求,且 Teck 尚未收到“任何源于审批程序的补救要求”。

“但我们期望在客户服务方面,尤其是在可靠性方面有所改善。人们应该能够依赖可靠的铁路服务。” 在随后接受《加拿大通讯社》(The Canadian Press)采访时,MacKinnon 先生表示,新设备将提高 Via 的可靠性。 “从更广泛的意义上讲,我们期望 Via Rail 能够改善其客户服务体验,并提高其可靠性记录,”他说道。 “可靠性是吸引乘客的关键因素之一——如果不是最关键的话。作为一个国家,我们有兴趣吸引乘客乘坐 Via Rail,以及在建成后的 Alto 线。因此,我们做出的所有决定都是为了帮助 Via 改善服务,并且我们向 Via 管理层提出了明确的挑战,以确保情况持续改善。” MacKinnon 先生表示,该协议将创造 1,200 个新的全职工作岗位,且混合动力列车将使用加拿大制造的电池。 首批列车预计将于 2031 年投入运营。 Paquette 先生还表示,Via Rail 将很快就更换客车厢发表公告。 “该流程仍在进行中,所以我无法评论。但我可以说我们将发表公告,”Paquette 先生用法语说道。

加拿大通讯社 (THE CANADIAN PRESS)

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观点

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观点与分析

中国正在将人工智能(AI)最大化,它有很多值得我们学习的地方

开源模型以及应对潜在社会危害的措施,正带来更多进步与认可。

雅各布·库克 (JACOB COOKE)

WPIC Marketing + Technologies 首席执行官,该公司是一家总部位于北京、为亚洲市场全球品牌提供咨询的 firma。

随着中国初创公司 Moonshot AI 最近发布前沿人工智能模型 Kimi K3,我们再次经历了一个“斯普特尼克时刻”。 Kimi K3 的性能足以与 Anthropic 和 OpenAI 的顶级模型相媲美,这让硅谷陷入狂热,并引发了关于中国公司利用美国模型来训练自身模型的指控。 但这些指控目前尚未得到证实,且并非故事中最关键的部分。中国 AI 接近美国 AI 的水平这一事实本身也不是重点。 真正的故事在于,中国正在提出一套独特的人工智能社会推广框架。总的来说,中国的 AI 是开放的、低成本的且专注于应用的。与此同时,中国企业和政府机构正在采取积极措施,以应对 AI 可能带来的社会危害。

我们需要更多政府激励措施,鼓励老年人继续工作

托马斯·克拉森 (THOMAS KLASSEN)

约克大学公共政策与行政学院教授

达到 65 岁的加拿大人比以往任何时候都更长寿——将多活 21 年,其中 15 年处于健康状态。他们的退休时间也比以往任何时候都更晚。 根据加拿大统计局的数据,平均退休年龄为 65.4 岁,而一代人之前是 61 岁。 政府政策通过削弱退休与领取养老金资格之间的联系,为加拿大人留在劳动力市场提供了某种激励。 加拿大养老金计划 (CPP) 的退休福利可以从 60 岁推迟到最高 70 岁,每推迟一年,福利水平随之提高。 老年保障金 (OAS) 福利可以从 65 岁推迟到最高 70 岁。如果推迟到 70 岁才领取,领取者将比 65 岁时多获得三分之一的福利。 60 岁的加拿大人可以领取 CPP 并继续就业。在 65 岁时,

修复开发费能否解决加拿大的住房危机?

安德鲁·桑克顿 (ANDREW SANCTON)

C.D. Howe 研究所驻校研究员, 西安大略大学政治学系 名誉教授

联邦政府推出的“加拿大-安大略省开发费削减计划”,以及与不列颠哥伦比亚省建立的新伙伴关系以降低市政征收的多单元住宅开发费,代表了在解决这些费用方面迈出的具有前景的一步,但同时也伴随着关键问题。 根据安大略省的协议,联邦和省政府将为那些在至少三年内将所有住宅类型开发费降低 30 to 50 per cent 的市政当局提供批准的基础设施项目资金。B.C. 省的协议旨在将优先社区的开发费降低至多 50 per cent,尽管包括什么是“多单元住宅”在内的执行细节仍不清楚。 这两项协议均由资金资助

[[IMG_XXXX]] 本月早些时候,在上海举行的世界人工智能大会期间,人们参观了展示 Kimi K3 模型的 Moonshot AI 展台。HECTOR RETAMAL/AFP VIA GETTY IMAGES

这是一个具有显著价值的框架。 Kimi 生态系统是开放权重的。这意味着任何公司或开发者都可以下载 Kimi,在本地服务器上运行,并将其应用于其特定需求。阿里巴巴、DeepSeek、Z.ai、MiniMax 等中国参与者的模型也是如此。公司通过托管或企业设置等相邻服务来实现货币化,但广义上讲,这项技术是可获取的。 另一方面,美国的前沿 AI 模型是封闭的。访问受限,公司需要向 Anthropic、OpenAI 和谷歌支付巨额的 Token 费用。 中国模型通常比其美国同行更高效。美国对尖端英伟达 (Nvidia) 产品的销售限制

他们可以同时领取 CPP(加拿大养老金计划)和 OAS(老年保障金)福利,同时继续赚取就业收入,或者他们可以选择不领取其中一项或两项福利。他们还可以向雇主养老金和注册退休储蓄计划供款,直到他们达到 71 岁。 然而,老年工人参与劳动力市场仍存在障碍。许多省份允许雇主在工作场所设有养老金计划的情况下,强制规定 65 岁的退休年龄。劳动和人权立法允许雇主将 65 岁及以上的工人排除在医疗、残疾和人寿保险福利之外。管理工人赔偿方案的条例继续假设员工在 65 岁退休。 目前,工人一旦达到 71 岁,就不能再向其雇主养老金或 RRSP 供款,而必须开始领取养老金并从其注册退休收入基金中提取资金。加拿大退休人员协会及各种养老金行业团体长期以来一直呼吁取消

通过联邦“建设强社区基金”(Build Communities Strong Fund),旨在缓解负担能力危机中的新房成本。安大略省和不列颠哥伦比亚省的开发费在全国最高(在大多伦多地区的许多城市,每套住宅超过 $100,000;在大温哥华地区则超过 $50,000)。但这些协议存在三个主要问题,尤其是在安大略省的应用中。

首先,它们对于近期购买新房的人来说显然是不公平的。想象一下,你在 2025 年在安大略省的米尔顿(Milton)花 $800,000 买了一套新房。成本中包含了超过 $100,000 的开发费,最初由开发商支付给市政府。这笔费用被吸纳进业主贷款中,这意味着他们借钱来支付新房所在新分区所需的未来市政基础设施成本。在加拿大-安大略协议实施后,相邻新分区中的类似房屋的售价应降低数万美元(具体取决于该市),因为较低的建设成本被传递给了买家。由于附近有类似且价格更低的房屋出售,2025 年购买的房屋价值将会下降。

每个人在购买新房时都会承担财务风险,但很少有人预期会因为一项旨在帮助新房购买者的政府新计划而直接亏钱。当然,如果业主能将房屋持有多年,房价差距可能会缩小。但我们都知道,生活(尤其是对于年轻家庭而言)很少如此稳定。

这些协议的第二个问题是,在不征收开发费的国家地区,纳税人最终在补贴像大多伦多地区和大温哥华地区这样繁荣地区的当地新基础设施。其他地区不征收开发费的主要原因恰恰是因为它们不那么繁荣;这些地区不会向试图建设新房的开发商征收费用。大蒙特利尔地区就是一个典型的例子,它是一个不断增长的加拿大主要大都市区,在

向中国出口芯片旨在遏制其人工智能(AI)发展。然而,这些出口限制反而迫使中国实验室优化效率。现在,许多中国模型的性能可以达到美国模型的水平,而计算成本仅为后者的一小部分。

中国企业不一定专注于创建通用人工智能(AGI),而是专注于开发能够通过应用扩散到整个经济体系中的能力模型。

与此同时,为了满足激增的 Token 需求,美国正在以历史性的规模建设数据中心。这给电力带来了压力——

无论在任何年龄,都应允许从 RRIF(注册退休收入基金)中强制提取资金,或选择将这些提取推迟到 75 岁。这样做将使年长者(无论是就业还是退休)能够更好地控制其退休储蓄。

在调整和现代化管理年长员工的就业法规时,决策者必须允许个人做出自己的选择,而不是强加解决方案。

哈珀政府将 OAS(老年金)的领取年龄提高到 67 岁的失败政策,就是一个典型的反面教材。限制领取一项福利(尤其是针对收入固定退休人员的福利)在政治和政策上都是糟糕的。特鲁多政府在就任后立即撤销了这一年龄增长计划。一个更明智的政策是将领取年龄维持在 65 岁,但为个人提供延迟领取福利的选择及其激励措施。

加拿大人现在工作时间更长的一个主要原因是,二十年前,全国各地的政府取消了大多数员工在 65 岁时的强制退休制度。这一变动

电网,引发当地反对,并损害环境。

另一个区别集中在对通用人工智能(AGI)的追求上。硅谷公司正投入数十亿美元以实现超智能。尽管费用高昂,但极高的资本支出已导致美国人工智能模型在很大程度上处于不盈利状态。这些公司的巨额估值是基于一场赌注,即未来实现 AGI 将带来巨大的红利。但哥伦比亚大学教授、经济历史学家亚当·图兹(Adam Tooze)认为,即便这场赌注赢了,收益也将仅限于极少数人。

中国公司并不一定专注于创建 AGI,而是致力于开发能够通过应用程序在整个经济领域普及的能力模型。中国模型较低的成本,加上其开源权重(open weight)的特性,使得其他公司能够在本地服务器上构建定制化应用。正如阿里巴巴董事长蔡崇信(Joseph Tsai)去年所说,开源让企业、个人和创业者能够利用 AI 进行创新,而不是让 AI 集中在少数几个主导参与者手中。

在实践中,这种情况是如何运作的。我的公司帮助海外消费品牌进入中国市场。我们利用 Kimi 和阿里巴巴的通义千问(Qwen)构建了运行在自有服务器上的应用程序。这些应用程序有助于管理电商店铺、优化配送物流并执行营销活动。如果使用美国人工智能的专有……

形式并未强迫员工延长工作时间,而是为愿意这样做的人提供了灵活性。当时,一些观察人士预测,如果工人不再必须退休,年轻人的就业机会将会减少。但这并未发生。在平均退休年龄增加期间,青年失业率略低;而当退休年龄降低时,失业率则较高。换句话说,过去几十年退休年龄的提高并未对年轻劳动者产生不利影响。

政客们应当考虑针对特定群体劳动者的政策改革,因为退休年龄因行业而异。平均而言,个体经营者的退休年龄为 68.4,私营部门人员退休年龄为 66,而公共部门工作人员为 62.6。公共部门员工将受定义受益养老金计划改革的影响最大,该计划旨在为延迟退休提供选项和激励。

对于私营部门人员或通常没有此类计划的个体经营者来说,这些变化的影响较小。

……其中开发费(development charges)要么不存在,要么非常低。在这里,包括蒙特利尔市在内的市政府通过借款来建设新的当地基础设施。这就是为什么它们的债务水平远高于多伦多或温哥华的市政府。

当这些城市的居民缴纳房产税时,他们是在为市政府承担的债务支付利息。而当这些相同的居民缴纳联邦税时,这部分资金现在将被用于支付多伦多和温哥华的新当地基础设施。

这些资金协议属于联邦“建设强健社区基金”(Build Communities Strong Fund)的范畴,但并不保证省际之间平等的分配。

第三个问题是,这些协议要求联邦和省政府参与选择哪些市政基础设施项目值得获得资金支持。没有人能 possibly 相信,三级政府的潜在参与能够提升公共部门的整体效率和效果。

省政府或联邦政府官员……的前景

对于许多公司来说,[之前提到的]模型成本将高得令人难以承受。中国经济中的各行各业正在以这种方式拥抱人工智能(AI),而效率的提升也得到了更广泛的普及。

这种分歧也延伸到了公众情绪上。根据斯坦福大学 2026 年的 AI 指数,83% 的中国人认为 AI 的益处大于害处,而美国人仅为 39%。中国的许多公众讨论并不集中在失业问题上,而是在于具体的收益。例如,在未来几年内,AI 驱动的机器人可能会缓解中国医疗卫生部门的人员短缺问题。

这种积极的情绪可能部分源于中国公共部门和私营部门抢在 AI 潜在的外部影响之前采取了行动。在 7 月 17 日至 20 日举行的上海世界人工智能大会上,中国国家主席习近平强调 AI 必须服务于人类,并要求对任何负面后果进行精准监管。

在中国,本月出台的新规定禁止向未成年人提供 AI “伴侣”服务。中国法院已裁定,公司不能为了用 AI 替代而解雇员工。电商巨头京东(JD.com)已承诺,即便在推动仓库 AI 自动化的同时,也将对其员工进行重新培训。中国的框架——将 AI 打造为可触及、低成本且专注于积极应用的工具,并针对就业和其他负面外部影响设立护栏——或许是最适合应对当前时刻的。

女性的寿命比男性长,且由于就业期间的终身收入较低(通常是因为承担照顾职责而离开劳动力市场),在老年时期面临贫困的风险更高。尤其是女性,可能会从 CPP(加拿大养老金计划)计算因抚养幼儿而脱离工作时间的方式改革中获益。此外,也可以考虑旨在鼓励老年人赚取就业收入的 OAS(老年金)改革。

65 岁已不再是工作与退休之间的分水岭。如今,获得就业收入与养老金收入之间的界限比过去更加模糊。通过比前一代人工作更长的时间,加拿大人在支持国家经济增长的同时,也在质疑关于工作和退休的一些假设。

政府可以采取更多措施,确保加拿大老年人在退休或就业(或两者的结合)方面拥有选择权。为那些有兴趣且能够延长工作时间的人提供额外激励,对于加拿大个人及经济而言都是积极的步骤。

政府在仔细研究申请资金兴建新污水处理厂、当地道路、图书馆和消防站的提案,这令人担忧,特别是当我们考虑到此类提案可能来自该国一些最大且最先进的城市时。此前,人们多年来一直试图将这些城市的事务从所谓的高级政府部门的掌控中解脱出来。

长期解决方案是通过扩大市政借款来逐步降低开发费(development charges),目前市政借款受到省级立法和市政财政规则的限制,同时利用融资工具将基础设施成本分摊到一段时间内。这意味着所有市政纳税人,而不仅仅是新房购买者和新建筑的承租人,最终都将为与新增长相关的当地基础设施成本买单。

这就是 50 年前的情况,在那之后,快速增长的城市才便捷地陷入了开发费陷阱。现在是时候回归到一个能更公平地分摊这些成本的系统了。

Page 21

乳清蛋白的供应曾属于一个分众市场,主要面向运动员和健身人士,但随着主流企业也试图利用这一趋势,供应已趋于紧张。BRANDON BELL/GETTY IMAGES

蛋白质:在线影响者正推广高动物蛋白饮食,涵盖从红肉到乳制品的范围

来自 B1 美国对加拿大蛋白质产品的进口受到 338 关税影响 以美元计,按年度

事实上,乳固体(包括在牛奶加工过程中产生的一系列乳蛋白)的供应有时超过了全球需求,从而引发了加拿大与美国之间的贸易争端。在乳蛋白经历了数十年的稳定增长后,随着中国加强国内生产,且其主要供应商——新西兰——在其他国家侵占了美国的市场份额,全球市场在 2021 年开始进入平台期。美国乳制品出口委员会指责加拿大生产商通过将低价乳蛋白倾销至包括美国在内的出口市场,使情况进一步恶化。美国产业界在提交给美国国际贸易法庭的论据中声称,由于供应管理制度意味着加拿大加工商可以以廉价且不具竞争力的价格销售这些产品,因此拥有不公平的优势。根据《美国-墨西哥-加拿大协定》,加拿大同意限制脱脂奶粉、乳蛋白浓缩物和婴儿配方奶粉的免税出口。但美国乳制品出口委员会指称,加工商只是简单地将这些蛋白质添加到不同的产品中,有效地将该副产品伪装成另一项产品,以绕过出口限制。在唐纳德·特朗普先生本月宣布关税后不久,美国乳制品出口委员会的一份声明中表示:“加拿大利用漏洞逃避了 USMCA 对乳蛋白出口的约束。”

但这场争端的最新阶段是在一个与争端开始时截然不同的市场环境下展开的。Fabek 教授表示,很大程度上由于像 Ozempic 这样的减肥药物,美国和加拿大正处于全球蛋白质热潮之中。这些药物可能导致肌肉量丢失。医生和营养师建议采取高蛋白饮食,作为保留精瘦肌肉量的一种方法。而乳蛋白被认为是“完整的”:它们拥有完整的氨基酸链且顺序正确,并且完全可消化。

埃莱娜·鲍威尔(Elaine Power)是女王大学研究食物与健康的营养师兼教授,她表示,蛋白质也被政治化了——与复兴的关于食物和性别的保守主义思想挂钩。保守政治的崛起和左翼意识形态的合法性降低改变了消费者的偏好。在线影响者正在推广高动物蛋白饮食,从红肉到乳制品。她补充说,这一趋势已体现在特朗普政府的健康和营养政策中,并指出了美国更新后的膳食指南。

在 1 月,美国卫生与公共服务部部长罗伯特·F·肯尼迪(Robert F. Kennedy Jr.)将国家食物金字塔颠倒了过来——建议采取高蛋白饮食,特别是红肉和乳制品。新建议将蛋白质摄入量几乎翻了一番,提高到每公斤体重 1.2 至 1.6 克的范围。


尽管丰收的谷物作物推动营收增长,CPKC 利润仍有所下降

加拿大太平洋堪萨斯城有限公司(Canadian Pacific Kansas City Ltd.)表示,尽管丰收的谷物作物带动营收激增,但其最新季度的利润有所下降。这家总部位于卡尔加里的铁路公司表示,截至 6 月 30 日的三个月内,净利润小幅下降近 2 %至 $1.02-billion,而去年同期为 $1.23-billion。第二季度营收有所增长。

[[IMG_XXXX]] (图表数据点): - 蛋白分离物 (Protein isolates) - 其他核心蛋白产品 (Other core protein products) - 相关乳制品/乳清产品 (Adjacent dairy/whey products) - 刻度:$200M, 150M, 100M, 50M - 年份:2015, 2017, 2019, 2021, 2023, 2025

其他核心蛋白包括乳清和乳蛋白浓缩物、可食用明胶、蛋白胨和白蛋白。相关产品包括其他天然牛奶成分、奶油粉、液态乳清和其他干燥乳清。

环球邮报 (THE GLOBE AND MAIL),来源:美国人口普查局、白宫

nedy Jr. 将国家食物金字塔颠覆了——建议采取高蛋白质饮食,特别是红肉和乳制品。新的建议几乎将蛋白质摄入量翻倍,增加到每公斤体重 1.2 至 1.6 克的范围。

哥本哈根大学的公共卫生研究员 Emma Grundtvig Gram 曾研究男性健身影响者对消费趋势的影响,她表示,在性别化的健身和健康运动背后存在着强大的商业利益。

许多曾是唐纳德·特朗普政府关键支持者的高知名度健身影响者,已经创立、持有或代表销售乳基蛋白粉的补充剂公司进行广告宣传。一个显著的例子是 Onnit Labs Inc.,该公司由 Joe Rogan 共同创立,他是一位受欢迎且充满争议的播客主持人,在 2024 U.S. 大选前不久支持了特朗普先生。(自这次背书以来,罗根先生对特朗普先生的支持有所动摇。)

Power 教授表示,乳清蛋白的供应曾经是小众市场的一部分,主要面向运动员和健美运动员,但随着主流企业也寻求从这一趋势中获利,供应已趋于紧张。

根据 Innova Market Insights 的一份报告,2020 和 2024 之间,市场上高蛋白奶昔和饮料的数量增长了 122%,从星巴克到 Buffalo Wild Wings 等品牌都推出了高蛋白系列。后者在 3 月份推出了一款“浓缩咖啡蛋白 (espresso proteini)”——一种含有 10 克蛋白质并带有 Buffalo Dry Rub 边缘装饰的饮料。美联社引用 NielsenIQ 的一家市场研究报告称,目前美国平均每家超市库存的标有蛋白质含量的产品超过 38,000 种。

大型食品和饮料公司进军这一领域,对于那些在“蛋白质最大化”时刻之前就开始营销乳清蛋白的人来说是个坏消息。例如,高蛋白烘焙和饮料混合物生产商 HelloAmino 在 5 月初被切断了乳清蛋白供应。创始人 Aelie Swift 表示,这家总部位于阿尔伯塔省的公司在当前趋势兴起之前就一直在营销高蛋白产品。“简直没有人愿意和我们做生意,”她说。“如果你不订购价值一百万美元的一整车货,你甚至找不到人联系。” HelloAmino 已转向一种不同的乳蛋白配方,但获取供应的成本增加了 50%。

Fabek 教授表示,乳清生产商将无法快速扩大生产规模。因为乳清是奶酪生产的副产品,加工商在不承担奶酪市场过剩风险的情况下无法增加产量。加工商将转而研究如何从每升液体牛奶中提取更多蛋白质,但这些投资需要时间。“由于每公斤奶酪会产生一定量的液体乳清,因此两者都需要有需求,而这就是你发现的重大问题和重大挑战所在。”

记者 Jason Kirby 报道

同比增长 13%,从 $3.70-billion 增加到 $4.16-billion。CPKC 表示,稀释后每股收益从一年前的 $1.33 下降至 $1.15。

谷物收入(该铁路最大的业务板块)比前一年增长了近四分之一,而集装箱收入增长了 11%。首席执行官 Keith Creel 表示,利用公司作为唯一跨越北美三个国家货运铁路的地位正带来回报。

在另一份公告中,该公司宣布董事会主席 Isabelle Courville 将于周三退休。她在 2019, 5 月就任,成为首位担任北美主要货运铁路公司主席的女性。

加拿大新闻社 (THE CANADIAN PRESS)

加拿大新闻社 (THE CANADIAN PRESS)

加拿大央行决策者

对近期经济 复苏的程度 存在分歧:会议纪要

央行于 7 月 15, 将基准利率维持在 2.25% 审议记录显示官员们对经济信心日益增强

CRAIG LORD 渥太华

加拿大央行治理委员会成员在近期经济复苏的可持续性问题上存在分歧,本月早些时候央行利率决议的审议记录显示。在 7 月 15. 的决议中,加拿大央行连续第六次将基准利率维持在 2.25。追踪治理委员会在发布该公告前讨论情况的会议纪要于周三公布。审议记录显示,在经历了一年的增长停滞后,官员们在第二季度对经济的信心日益增强。治理委员会指出,全球油价上涨以及住房市场复苏的迹象在过去三个月内支撑了增长。与此同时,企业调查和近期出口的回升表明,企业正在适应来自美国的关税及持续的贸易不确定性。

加拿大央行 7 月的利率决议和更新后的预测是在华盛顿最新威胁要对一系列加拿大商品征收 50-per-cent 关税之前出台的,不过治理委员会在会议中指出,“美国新关税的可能性是增长中一个长期存在的下行风险”。该央行预计,上季度实际国内生产总值按年化计算增长了 2.5 per cent,并预测温和增长将持续到今年下半年及 2027.。会议纪要显示,货币政策制定者对第二季度的反弹表示“信心”,但“治理委员会成员对于短期之后反弹的可持续性持有不同的观点”。报告称:“成员们一致认为,他们需要密切监测数据,以寻找增长是否如 7 月报告中所预测的那样在扩大。”

尽管 5 月份通胀率略升至 3.2 per cent,但几乎没有迹象表明通胀正在向加油站之外扩散。更近期的数据显示,随着美国与伊朗之间和平前景的出现有助于缓解价格压力,6 月份的年化通胀率降至 2.8 per cent。加拿大央行官员近几个月明确表示,货币政策面临两难境地:伊朗战争推高了部分价格,而与此同时美国的贸易压力则损害了经济。这些力量通常会将政策利率推向相反的方向,使货币政策制定者陷入某种僵局。治理委员会在 7 月的审议中一致认为,随着通胀压力减轻和增长回升,“货币政策面临的权衡已有所减轻”。

然而,近几周中东地区重新爆发的敌对行动凸显了治理委员会的观点,即通胀风险依然强劲。审议摘要称:“如果油价上涨并维持在高位,对其他价格的溢出效应可能会增加,从而提高通胀扩大的风险。这种情况可能需要货币政策做出响应。”大多数经济学家仍预计加拿大央行将在今年剩余时间内维持政策利率不变。加拿大统计局将于周五在公布 5 月 GDP 数据的同时,报告第二季度增长的初步估算值。

该央行 预计上季度实际 国内生产总值 按年化计算增长了 2.5 per cent,并 预测温和增长将 持续到今年下半年 以及 2027

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• 这是一个稀有的机会,可按组合方式收购六项以杂货店为核心的零售资产,这些资产分布在安大略省和魁北克省成熟且增长的市场中。

• 该组合总面积为 655,466 平方英尺,占地 66.68 英亩,入住率为 94.3%,加权平均租赁期 (WALT) 为 4.8 年。

• 拥有 57 家租户的强大名单,其中国家级信用租户占组合总出租租赁面积 (GLA) 的 83.2%。

Matthew T. Smith* +1416-304-6004 MatthewT.Smith@jll.com

Nick Macoritto* +1416-238-5874 Nick.Macoritto@jll.com

*销售代表 ** 代理业务公司 Jacob Hayon Real Estate Inc. 的商业房地产经纪人 *** 代理业务公司 Bruno Brami Inc. 的房地产经纪人

• 所有六处物业均被视为“日常需求零售店”,是周边社区居民经常光顾的目的地。

• 每处物业均由实力雄厚的 Sobeys 连锁杂货店作为核心租户,部分资产通过现有空置率提供近期的租赁增长潜力。

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第 22 页

美联储:许多政策制定者

预测通货膨胀范围 将在 2026 年晚些时候放缓

来自 B1

来自 B1

官员们还在应对与人工智能投资剧增相关的产品需求激增。供应尚未跟上,导致半导体、计算机芯片和服务器等项目价格上涨,同时对电工和木工的需求也很高。美联储内部的争论集中在,随着其中一些临时因素的消失,通货膨胀从现在起将以多快速度缓解,以及为了使通胀回归目标,最终是否需要加息。作为央行主席主持其第二次会议的沃什先生(Mr. Warsh)对此结果负责。自 5 月从现任美联储理事杰罗姆·鲍威尔(Jerome Powell)手中接管权力以来,沃什先生将其声誉押在了战胜通货膨胀上。他明确表示,官员们对高通胀“零容忍”,且 6 月份最新消费者价格指数报告中出现的冷却迹象并不等同于“任务完成”。该报告显示,6 月份的整体消费者价格比一年前高出 3.5%,低于 5 月份 4.2% 的年率。沃什先生在周三的新闻发布会上处于防御状态,因为他被要求解释维持利率稳定如何与其“价格稳定”的承诺相兼容。他在新闻发布会开场时表示,“在必要且适当的情况下,我们将毫不犹豫地采取行动。”他反驳了美联储在本次会议上处于“暂停”状态的观点,并反复强调美联储的讨论、政策或策略中“没有任何惯性”。然而,直到目前为止,沃什先生尚未具体说明他将如何兑现其通胀承诺。在本月的一次国会听证会上,当被问及美联储将如何控制通胀时,他规定央行将坚定其降低通胀的承诺,为任何未能实现目标的失败承担责任,并研究其可支配的政策工具。当被具体问及美联储工具的有效性以及更高利率是否是应对通胀的最佳补救措施时,沃什先生周三表示,这是一个“很可能成为解决方案一部分的工具,但我不会说它是孤立的”。沃什先生转而关注金融市场的近期波动,最显著的是经通胀调整后的政府债券收益率上升。他说,近期金融条件的收紧(反映了整个经济中信贷的可获得性)让美联储“在一定程度上放心,我们拥有交付的能力和水平”。在沃什先生演讲时,长期限国债收益率大幅上升,30 年期债券接近其 5 月份 5.2% 的峰值。这是自 2007. 年以来的最高水平。30 年期国债收益率的上升表明,人们对沃什先生长期应对通胀的能力存在一定担忧。维持利率不变的理由取决于一个假设,即美联储在采取行动前可以承受耐心等待。许多政策制定者认为,通货膨胀在下半年有放缓的空间。到 9 月的下次会议时,美联储将掌握两个月更多的数据。此外,公众尚未失去对美联储最终实现目标的能力的信心,一系列跟踪通胀预期的指标证明了这一点。沃什先生周三澄清,价格稳定意味着将以个人消费支出价格指数衡量的通货膨胀率恢复到 2%。他说:“不存在柔软的隐含目标,在委员会的监督下绝不可能。”“只有一个目标,那就是 2%”

分。”交易员目前正在将 12 月的加息计入定价,并降低了对 9 月采取行动的预期。今年晚些时候的加息无疑会激怒唐纳德·特朗普先生,因为是他任命沃什先生担任此职。总统长期以来一直希望央行降低利率。在周三的决定之后,唐纳德·特朗普先生将责任归咎于沃什先生的同事,他们与主席共同对政策决定进行投票。总统表示:“我知道他希望能看到更低的利率,但他有一个委员会,这是一个政治委员会,而他们想维持高利率。”

纽约时报新闻服务 (NEW YORK TIMES NEWS SERVICE)

美国联邦储备委员会主席凯文·沃什周三澄清,价格稳定意味着将个人消费支出价格指数所衡量的通货膨胀率恢复到 2% l。WIN McNAMEE/GETTY IMAGES

经济衰退:在计入通货膨胀因素后,大多伦多地区部分市场房价下跌了 40%

来自 B1 加拿大住房市场的繁荣与崩溃 经通胀调整后的全国平均房价与长期基准线的对比 每年约 2% 的住房增长率(1980 年房价指数设定为 100)

至少在十年时间里,终结时刻似乎一直近在咫尺。加拿大的住房市场被广泛视为全球泡沫最严重的市场之一。 然后,这件事终于发生了,原因是利率大幅上涨,而在此之前,这种情况似乎已成为过去式。 最终,住房市场下跌了。但天并没有塌下来。 某些地区受到了沉重打击。在计入通货膨胀因素后,大多伦多地区的部分市场房价下跌了约 40%。 诚然,尽管加拿大经济陷入停滞,但从未接近真正的经济衰退。 这其中有几个原因。 加拿大帝国商业银行(Canadian Imperial Bank of Commerce)副首席经济学家本杰明·塔尔(Benjamin Tal)表示,这次低迷在很大程度上是对大流行期间加拿大住房市场过度扩张的一次必要回调。 “现在的价格处于……”

实际房价 基准线

2010 2015 2020 2025 0

公众在 7 月 22 日于安大略省里士满山 Venture X 办公室举行的产品正式发布会上测试 Rokid 智能眼镜。 该眼镜允许佩戴者在 AI 助手之间切换。

工会:USW 成员大多就职于将受 338 条款关税沉重打击的行业

“我们的首要任务必须是将我们的贸易政策统一起来,以应对像中国这样国家不公平且掠夺性贸易行为所带来的挑战,而不是在两国之间制造进一步的裂痕。” 7 月 20, 白宫宣布对价值近 US$20-billion 的加拿大商品征收广泛的新关税。特朗普先生引用了大萧条时期的《关税法》第 338 条(该条款此前从未被使用),对加拿大实施关税,以报复其政府认为的对美国汽车、酒精和乳制品进口的“歧视”。这些征税将影响加拿大出口的机械、电子产品、机械设备、塑料和橡胶制品等项目。USW 国际联盟代表美国和加拿大全境约 850,000 名工人,主要就业于金属、采矿、纸浆和造纸、橡胶、化工以及汽车零部件供应行业——所有这些行业都将受到 338 条款关税的沉重打击。但是,虽然其加拿大分支机构 USW Canada 自 2025 年初贸易战开始以来一直坚持反对特朗普先生的关税政策,但该工会的美国分会已多次公开支持将关税作为重新平衡贸易关系的工具。具体而言,USW 主张白宫利用关税来遏制中国所谓的钢铁倾销——这是一种不公平的贸易行为,即外国制造商以低价在某个国家销售钢铁产品,从而削弱当地市场。该工会——与特朗普先生一样——也强烈反对以当前形式维持《美国-墨西哥-加拿大协定》,认为该协定加剧了汽车零部件生产向墨西哥外包的情况,且未能迫使公司提高墨西哥工人的工资。(USW 同时也代表汽车零部件工人。)

展望未来

EDUARDO LIMA/THE GLOBE AND MAIL

[[IMG_XXXX]] 美国钢铁公司(U.S. Steel)员工在6月于宾夕法尼亚州布拉多克(Braddock, Pa.)的埃德加·汤姆森工厂(Edgar Thomson Plant)的一次投资发布会上,走向公司和政府官员表示欢迎。STEPHANIE STRASBURG/ASSOCIATED PRESS

事实上,一些美国的美国钢铁工人 union (USW) 成员因唐纳德·特朗普的贸易政策而与其结成了紧密同盟,认为关税将恢复该国制造业心腹地带的就业保障。“支持特朗普的钢铁工人”(Steelworkers for Trump)组织由 USW 成员布莱恩·帕夫拉克(Brian Pavlack)领导,在过去两年中吸引了数千名支持者,并经常出现在唐纳德·特朗普的集会中。该国最大的汽车工会——美国汽车工人联合会(United Auto Workers)也支持唐纳德·特朗普的关税政策,将其视为将高薪的工会化岗位带回美国的手段,即使这是以牺牲加拿大就业机会为代价。

据 USW 加拿大的全国主任马蒂·沃伦(Marty Warren)称,由于唐纳德·特朗普的贸易战,他的工会在过去一年中损失了 1,500 到 2,000 名成员。“我们仍在坚持,但真正的威胁是由于与美国之间未解决的 CUSMA 争端,导致许多工作场所感到不安,”他在接受《环球邮报》(The Globe and Mail)采访时说道,CUSMA 是 USMCA 的另一种称呼。

沃伦先生表示,加拿大工会与其美国领导层的关系稳固,两家工会在反对第 338 节关税方面结成了同盟。正如罗克珊·布朗(Roxanne Brown)所言,加拿大不是问题所在,两国应该共同努力,试图阻止就业机会的外流。

如果新关税在 8 月 19 日生效,沃伦先生预计,林业部门的 USW 工人(代表约 14,000 个岗位)将受到最大影响,因为关税涵盖了胶合板、颗粒板、单板以及某些纸制品。“这些工作很多分布在偏远社区,因此持有这份工作对他们来说就是一切,”他说道。

其他加拿大主要工会也对第 338 节关税表达了反对意见。在 7 月 21 日的一份声明中,Unifor 全国主席拉娜·佩恩(Lana Payne)表示,这些关税旨在给加拿大带来经济损害,并强迫政府在贸易谈判中做出让步。Unifor 同样代表了被关税目标覆盖的行业工人,包括汽车、林业、制造业和纸制品,以及未被关税覆盖的行业,如钾盐、能源和关键矿产。

“唐纳德·特朗普豁免的目标揭露了他的底牌。他知道尽管他如此叫嚣,美国确实需要加拿大的产品,”佩恩女士说道。

尽管房产价值下降,但仍处于高位。 “有趣的是,自从房地产作为一种投资类别在回调开始时暂时‘死亡’后,加拿大人可能将更多投资资金投入到了金融市场,”蒙特利尔银行(Bank of Montreal)高级经济学家罗伯特·卡夫契奇(Robert Kavcic)表示。

尽管如此,加拿大在很大程度上吸收了原本可能成为国内经济冲击的压力,这似乎是一个小小的奇迹。房屋所有者和贷款机构都避开了许多人担心会出现的“抵押贷款续约悬崖”——即那些在利率大幅提高的情况下续约的人所面临的困境。

各大银行很好地管理了风险敞口,而违约的借款人寥寥无几。 塔尔(Tal)先生补充说,许多加拿大建筑工人通过转向基础设施项目避免了失业。而且大多数大型开发商足够强大,能够撑过这次低谷。

过去几年,类似的叙事在全球范围内以大大小小的方式上演。经济衰退的预警信号闪烁红灯,但最终结果往往平安无事。收益率曲线倒挂和调查数据的剧烈下降就是两个例子。几年前,人们普遍认为只有全球经济衰退才能平息失控的通货膨胀。

许多人担心美国总统唐纳德·特朗普的关税政策会引发另一波重大通胀浪潮,或者担心霍尔木兹海峡被封锁会重创全球经济。

在所有这些情况下,结果都好于预期。企业通过重新规划供应链来规避关税或瓶颈;借款人通过应对更高的利率来避免违约;消费者则转向更便宜的替代品以抵御通胀。

经济已经经过了实战检验。也许正是这一点,使其能够更好地应对那些曾经会导致连锁反应并引发经济衰退的冲击。

第 23 页

制裁法案

将赋予 特朗普新的 关税权力

该立法将恢复最高法院在裁定总统征税使用无效时 所剥夺的贸易权限

ALAN RAPPEPORT 华盛顿

本周在美国参议院推进的制裁立法,其影响范围不仅限于对俄罗斯和伊朗实施新的金融限制。它还赋予了唐纳德·特朗普总统广泛的新权力,可用以对来自全球部分最大经济体的进口商品征收关税。这项由已故参议员、南卡罗来纳州共和党人林赛·格雷厄姆设计的跨党派法案,旨在表明国会对于惩罚俄罗斯入侵乌克兰以及防止伊朗获得核武器的意愿是一致的。但隐藏在该立法内部的工具将使特朗普政府拥有极大的自由裁量权,可对俄罗斯能源产品的主要买家征收高额关税。此项措施将恢复部分贸易权限,这些权限在今年早些时候最高法院裁定特朗普基于国家安全理由使用关税无效时被剥夺。

如果该法案成为法律,它将允许特朗普对俄罗斯进口商品(主要包括化肥)征收 500-per-cent 的关税,并对俄罗斯石油和天然气最大的进口国征收高达 100 per cent 的关税。帮助俄罗斯规避制裁的国家也可能面临高达 100 per cent 的关税。该政策可能会导致对从中国、印度和欧盟国家进口的价值数十亿美元的产品征收额外税款。

该法案代表了国会将更多贸易政策权限移交给特朗普的最新举动。与此同时,由于总统挑衅性地使用关税导致其他国家采取报复行动并给企业带来不确定性,两党内部对此感到愤怒。倾向于自由市场的卡托研究所(Cato Institute)贸易专家斯科特·林西科姆(Scott Lincicome)表示,该立法中的部分关键措辞模糊不清,且特朗普已经表明他会挑战其关税权力的极限。

“总统已多次证明,只要关税法规中存在任何允许他征收额外进口税的模糊之处,他都愿意加以利用,”林西科姆说。“当你与特朗普打交道时,你应该极其不情愿地赋予他新的关税权力。”

尽管在最后时刻对法案进行了修改,以减轻关税对美国公司的潜在影响,但该法案仍为白宫留有解释空间,可由其界定谁是俄罗斯能源产品最大的买家,这可能会为更广泛地使用关税打开大门。该立法还赋予了特朗普——他有时不愿通过制裁惩罚俄罗斯——一定的余地,可以通过发布豁免令并向国会解释为何认为豁免符合国家利益而无需实施制裁。总统主张,在与其他国家谈判时,他在关税和制裁方面需要灵活性。

特朗普可能获得单方面征收关税之更多权力的前景,令那些已经在努力应对其贸易议程波动而苦苦挣扎的行业感到不安。在过去的一年里,特朗普在寻求增加与美国贸易伙伴谈判筹码的过程中,不断地增加、调整和取消关税。这使得各公司在规划产品采购来源以及设定价格时举步维艰。

在周二格雷厄姆议员的葬礼前,立法者们匆忙敲定法案,但遭到了担心赋予特朗普更多关税权限的游说者的抵制。

“对来自次级国家的进口商品征收新的、广泛的 100-per-cent 关税,可能会增加美国企业、工人及消费者的成本,”一个由近两打贸易组织组成的团体表示。

相关协会在给南达科他州参议员、共和党多数党领袖约翰·图恩(John Thune)以及纽约州参议员、民主党少数党领袖查克·舒默(Chuck Schumer)的信中写道:“如此规模的关税将增加日常消费品、制造业投入和其他产品的成本,同时为提前数月做出采购、定价和库存决策的公司带来巨大的不确定性。”这些游说团体包括美国商会、零售业领导者协会和国家对外贸易委员会。他们要求立法者删除法案中的关税授权,并警告说关税是“一种可能会惩罚守法美国公司的粗鲁工具”。该法案在众议院的命运尚不明确,因为一些民主党高层已经表示反对赋予特朗普先生更多关税权力。然而,参议院的跨党派支持表明该法案可能会通过。尽管如此,一些参议院民主党人也表达了保留意见。“我不认为由美国企业和消费者支付的关税会帮助乌克兰赢得这场战争,”新罕布什尔州民主党参议员玛吉·哈桑(Maggie Hassan)在投票后在社交媒体上写道。“而且在过去一年中,越来越明显的是,特朗普总统将利用任何合法——或非法——的机制来让家庭为其鲁莽的关税买单。”一名白宫官员表示,该法案是联邦机构、白宫和立法者经过数月谈判的结果,反映了跨党派的国家安全和外交政策目标。参议院版本的法案在后期修订中旨在限制对美国贸易伙伴的部分潜在影响。只有俄罗斯石油或天然气的前五大进口国才可能受到美国关税的打击。采取重大措施减少购买俄罗斯石油和天然气的国家,其关税税率可能会降低或被取消。本·哈里斯(Ben Harris)是拜登政府前财政部官员,曾参与设计俄罗斯石油价格上限政策,他表示,看到能迫使特朗普政府惩罚更多俄罗斯影子舰队油轮并加强执行现有制裁的跨党派立法,他感到深受鼓舞。但由于伊朗冲突导致能源价格依然波动,且特朗普先生继续就俄罗斯问题发出矛盾信号,目前尚不清楚如果总统获得新的制裁和关税权力,将如何行使这些权力。“就目前为止,特朗普政府在制裁俄罗斯石油工业方面的记录非常糟糕,”哈里斯先生说。“从一开始,他们的目标就不明确。”

德意志银行报告季度利润增长 10%,违背了此前下降的预期,因其全球投资银行部门的强劲表现抵消了开支的增加。KIRILL KUDRYAVTSEV/AFP VIA GETTY IMAGES

瑞银与德意志银行报告利润增长,欧洲银行股上涨势头持续

汤姆·西姆斯 (TOM SIMS) 法兰克福 艾莉安·卢蒂 (ARIANE LUTHI) 苏黎世 汤米·雷吉奥里 (TOMMY REGGIORI) 威尔克斯 伦敦

德意志银行 (Deutsche Bank AG) 和瑞银集团 (UBS Group AG) 周三公布的第二季度财报再次超出预期。随着欧洲贷款机构延续超过两年的复苏,交易活动的激增和强劲的零售业务支撑了这一增长。

在银行业绩公布繁忙的一天中,渣打银行 (Standard Chartered PLC) 同样交付了超出预期的业绩,并凭借财富管理和全球银行业务收入的飙升,提高了全年收入目标。

在经历了十多年极低利率以及对欧元区政府债务的担忧(这曾使投资者对银行股的情绪恶化)之后,欧洲银行在过去的 2½ 年中经历了显著的复苏。

该板块目前是欧洲表现最好的板块之一,STOXX欧洲银行指数处于 2007 年底以来的最高点,且自 2024, 年初以来上涨了 143 百分比,因为较高的利率提高了利息收入,且尽管该地区经济持续疲软,贷款需求依然增加。

德国最大的银行报告第二季度利润增长 10 百分比,打破了利润下降的预期,因为德意志银行全球投资银行部门的强劲表现抵消了费用的增加。

由于伊朗战争引发的交易热潮以及重量级首次公开募股 (IPO) 的出现,一些竞争对手报告了更强劲的增长。

尽管如此,周三的业绩延续了几乎不间断的季度利润回归。

爱马仕(Hermès)股价大跌

销售额及中国市场疲软令人失望

多米尼克·帕顿(DOMINIQUE PATTON) 巴黎

爱马仕国际有限公司(Hermès International SCA)的股价在周三下跌了 11%,此前这家 Birkin 包制造商公布的第二季度销售增长符合预期,但表示其最大市场中国的购买力尚未反弹。

这家法国奢侈品集团的股票收于 €1,509($2,424.96),这是其 15 年多来最糟糕的一天,公司市值蒸发了 €19.7-billion。

爱马仕表示,包括手袋、丝巾和香水在内的产品第二季度销售额在汇率调整后增长 6.7%,达到 €4.1-billion,符合预期,且略高于第一季度的 6-per-cent 增长。

分析师表示,尽管 41 per cent 的营业利润率好于预期,但销售额相对温和的增长可能会引起投资者的关注。

“这里的问题在于,该股的交易价格是盈利的 38 倍,是该行业迄今为止最高的倍数。而盈利基本上没有变动,”Morningstar 分析师 Jelena Sokolova 表示。

行业风向标 LVMH(路威酩轩)在周一报告了同样平淡的结果,不过 Kering SA 凭借好于预期的业绩给市场带来了惊喜。

近期,首席执行官 Christian Sewing 稳定了这家全球最重要的银行之一。德意志银行(Deutsche)固定收益和货币部门第二季度的收入增长甚至超过了华尔街的竞争对手。

摩根大通(JPMorgan Chase)分析师称此次业绩“全面强劲”,股价上涨了 2 per cent。

瑞银(UBS)公布第二季度利润增长 17-per-cent,同样超出预期,并表示计划在明年年中前回购价值 US$3-billion 的股票。

这家瑞士最大的银行正在等待可能塑造其未来的新资本规则的明确方案,该行表示,在广泛的强劲增长中,其交易部门实现了创纪录的第二季度收入。

“虽然一年还没结束,但我们已接近达到瑞银在收购前的盈利水平,”首席执行官 Sergio Ermotti 说道,他指的是瑞银在 2023 年紧急接管当地竞争对手瑞士信贷(Credit Suisse)一事。

在某些情况下,投资者会关注核心数据之外的指标。

英国巴克莱银行(Barclays PLC)周二报告上半年利润增长 17-per-cent,好于预期,但由于分析师称其股票业绩低于市场预期且成本较高,股价有所下跌。

法国巴黎银行(BNP Paribas)上周也超出预测,第二季度利润同比增长 33-per-cent。

专注于国内市场的零售贷方,如英国国民西敏寺银行(National Westminster Bank)、意大利联合圣保罗银行(Intesa Sanpaolo SPA)和 西班牙 CaixaBank SA 的股价也出现了戏剧性的回升。

尽管持续上涨,欧洲贷方的价值仍...

在其最大的品牌 Gucci 上,首席执行官 Luca de Meo 的转型计划开始见效。

摩根大通(JPMorgan)在给客户的一份报告中分析称:“我们认为投资者今早将关注顶线增长,以及爱马仕(Hermès)相较于同行较慢的重新加速步伐。”

爱马仕通过谨慎控制生产和销售以维持其排他性,在 COVID-19 危机中比同行表现更好,且在长达数年的全行业增速放缓中是最具韧性的奢侈品集团。

尽管如此,由于中东冲突削弱了从迪拜到巴黎等市场的消费欲望,第一季度的增长率跌至高个位数百分比以下,导致股价承压,今年以来已下跌 20%。

该集团周三表示,冲突的影响在第二季度有所减弱,而法国市场的增长率从今年前三个月的下跌回升至 6%。

“在第二季度,我们看到巴黎门店的势头有所改善,”首席执行官 Axel Dumas 告诉记者,并补充称该国的游客流量已有所改善。

然而,热浪天气和山火在近几周阻碍了部分游客。Dumas 先生表示,法国和中东地区仍然存在疑问。

……

仅为他们华尔街对手的一小部分。

摩根大通的估值正逼近 $1 万亿,而目前最有价值的欧洲贷款机构是汇丰控股(HSBC Holdings PLC)和桑坦德银行(Santander Bank NA),分别价值 £266-billion ($499-billion) 和 €180-billion ($289-billion)。

基于市净率(一种衡量银行价值的常用指标),欧洲银行的估值仍远低于美国贷款机构。

分析师表示,该地区的贷款机构还受到监管以及对跨境整合政治阻力的限制。

虽然一些央行行长表示,欧洲银行需要此类交易才能在全球范围内竞争,但 UniCredit SPA 对德国商业银行(Commerzbank AG)近两年的追求便证明了这一难度。

尽管目前还没有迹象表明不良贷款或拨备增加,但欧元区经济低迷的增长及其在面对中东冲突后果时的脆弱性,依然是欧洲贷款机构关注的问题。

摩根士丹利(Morgan Stanley)欧洲股票首席策略师 Marina Zavolock 表示,能源价格上涨导致的高通胀可能会通过提高利率使欧洲银行受益。

对投资者而言,其吸引力部分源于欧洲银行复苏的低基数。

伦巴第奥迪埃(Lombard Odier)的分析师在本月的一份报告中表示,虽然欧洲银行从资本市场活动中获益少于美国同行,但在经济背景稳定且利率再次上升的情况下,前景依然看好。

“我们认为,净资产收益率的提高尚未反映在欧洲银行的估值中,”他们表示。

路透社 (REUTERS)

下半场,中国市场没有任何反弹迹象。 在除日本外的亚太地区(爱马仕销售额最大的地区),按货币调整后的收入增长了 2.5 per cent,与第一季度持平,但低于 Visible Alpha 提供的分析师共识预期的 3.3 per cent。 “我认为中国市场正在稳定,但我尚未看到根本性的反弹,”杜马斯先生表示,并补充说尽管情况不确定,但他对结果感到满意。 爱马仕面向极高净值人群,其手袋价格超过 US$10,000。该公司表示,占其收入近半的皮革制品部门在本季度增长了 10 per cent,略低于 10.8 per cent 的共识预期。 杜马斯先生表示,增长速度在未来几个月应将保持在大致相同的水平。 “我认为……展望未来,将维持相同的趋势,增长 7 per cent 是不错的,”杜马斯先生告诉分析师。 然而,索科洛娃女士表示,投资者在期待更多的复苏。“该行业的其他部分正在进行重新估值,因为市场期待复苏,而且我们确实在各地看到了复苏的早期迹象。但对于爱马仕来说,这更像是照常经营,”她补充道。

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GLOBE INVESTOR (环球投资者)

芯片抛售:人工智能买入的黄金机会

分析师表示,投资者正在权衡一系列担忧,包括潜在的廉价中国芯片涌入

W

ANDREW GALBRAITH

全球芯片制造商的股价本周大幅下跌,因为投资者正在重新评估他们在人工智能兴起中对赢家和输家的押注。 分析师指出,下跌背后存在一系列担忧,包括潜在的廉价中国芯片涌入,以及担心在人工智能基础设施上投入巨资的科技公司在努力产生可持续收入的同时,可能面临更高的债务服务成本。 在首尔上市的芯片制造商SK海力士(SK Hynix)的股价较6月高点已下跌超过 50%,而美国上市芯片制造商的费城半导体指数(Philadelphia Semiconductor Index)在同一期间也失去了超过四分之一的价值。但尽管跌幅如此之大,仍有人认为这并不影响投资人工智能相关公司的基本逻辑。 “这是一个跨世代的机会,”Guardian Capital的i3 Investments董事总经理兼负责人Sri Iyer表示。“问题在于以什么样的价格买入,而不是是否买入。”

Questrade推出加拿大首个AI连接经纪账户

MEERA RAMAN

在线交易平台Questrade Financial Group Inc. 正在推出其所谓的加拿大首个经纪账户与Claude和ChatGPT等热门人工智能助手之间的直接连接。这是该公司在在线经纪商竞争加剧之际推出的一系列产品的一部分。 这家私有公司周三在多伦多的一次活动上公布了这些新产品,其赌注是,随着经纪商竞相增加新功能,越来越多的一代自主投资者正在寻找更先进的投资工具。 “在金融科技(fintech)出现之前,我们就是金融科技,”首席执行官Edward Kholodenko在活动前接受《环球邮报》(The Globe and Mail)采访时表示。他表示,公司致力于提供满足客户快速变化需求的产品。 Questrade将允许客户使用一种名为模型上下文协议(Model Context Protocol)的人工智能集成,将其账户与他们可能已经在使用的AI助手连接起来。 该集成允许客户向AI助手询问关于其投资组合、市场

买卖资产?了解如何保护资本利得税待遇

税务问题

FCPA, FCA, CPA(IL), CFP, TEP, 作者,以及 Our Family Office Inc. 的联合创始人兼首席执行官

当我的孩子们还小的时候,我教过他们关于税收的知识。如果他们在吃冰淇淋,我会从他们手中抢过来咬一口。我会告诉他们这就是税。五分钟后,我会问他们是否还有冰淇淋。“不,爸爸,全没了,”他们会说。但随后我会让他们给我看看手里有什么。他们不情愿地再次拿出冰淇淋。我又咬了一口。“这叫税务审计,”我会说,“我只是想多要一点。” 在税务审计方面,某些纳税人面临的风险比其他人更高。让我解释一下原因。

安全资产的抢购潮 人工智能开发商可能占据了所有头条新闻,但不要忽视理财股的牛市。那些被认为是安全且可靠的股票,如加拿大皇家银行 (Royal Bank of Canada)、加拿大公用事业有限公司 (Canadian Utilities Ltd.) 和 Loblaw Co. Ltd.,目前的市盈率 (P/E) 处于多年来的最高水平。(股价与未来 12 个月的预测收益之比)

Loblaw 加拿大公用事业 (Canadian Utilities) 加拿大皇家银行 (Royal Bank of Canada)

2018 2020 2022 2024 2026 8

THE GLOBE AND MAIL , 来源: S&P GLOBAL MARKET INTELLIGENCE

但希望利用 AI 机会的投资者也不得不面对买什么的难题。尽管 AI 革命的支持者在谈论通过使用 AI 工具(例如聊天机器人、供应链优化和产品创新)提高非科技公司的效率并增加利润的潜在可能性,但在芯片制造商和超大规模云服务商之外,很难计算出具体的收益。 “现实情况是,我们仍处于 AI 实施的非常早期阶段,”Iyer 先生说。大量资金流向了赋能者,即那些公司

[[IMG_XXXX]] Questrade 首席执行官 Edward Kholodenko(左)和总裁 Rob Galaski,上周在多伦多公司办公室被拍到,他们计划最终将 AI 整合到储蓄和借贷产品中。 LAURA PROCTOR/THE GLOBE AND MAIL

使用他们自己的账户数据来设置条件和观察名单。投资者还可以在通过 Questrade 应用程序批准交易之前,通过 AI 助手起草交易。 5 月,OpenAI 发布了一款工具,允许美国的 ChatGPT Pro 用户连接财务账户,并就其资金问题向聊天机器人提问。 人工智能将发挥

随后将其出售以获利。你申报资本利得,预计只有一半的收益计入收入。然后,加拿大税务局 (Canada Revenue Agency) 带着不同的观点找上门来:你不仅仅是在买入然后卖出投资,而是在经营一项业务或进行一项“贸易性质的冒险”,因此全部利润被重新定义为业务收入——这部分是全额纳税的——而且可能还会被处以罚款。 对于企业家、房地产投资者、活跃的私人投资者、加密货币交易者以及重复进行某些交易的高净值纳税人来说,这是一个真实的风险。在这种情况下,意图至关重要。 如果你的意图是快速买入并卖出某样东西以获利,加拿大税务局可能会认为该资产更像业务库存,利润应按业务收入纳税。税务审计人员越来越能够审查跨年度的模式,比较融资安排,审查电子邮件,并研究你的实际行为,而不是听你地陈述你的意图。 税务局的剧本相当好预测。首先,加拿大税务局会将你的交易分组

他表示,目前是在构建人工智能背后的技术和基础设施,而采用者(即已将人工智能工具整合到核心业务运营中的组织)则在市场中陷入苦苦挣扎。

情况可能会有所改变。在本周的一份报告中,由美国股票策略师迈克尔·威尔逊 (Michael Wilson) 领导的摩根士丹利 (Morgan Stanley) 股票分析师指出,人工智能工具的采用“正果断地从实验阶段转向可衡量的企业价值”,其中 40 per cent 采用人工智能工具的公司称其至少获得了一项可量化的收益,这一比例几乎是一年前的两倍。

该公司表示,人工智能在 Questrade 投资以外的业务中扮演的角色日益增加,并计划最终将其整合到储蓄和借贷产品中。

Questrade 还在推出 pre-IPO 投资,允许合格投资者在私营公司上市前购买股份。这与 IPO 认购不同,后者允许投资者申请认购特定公司的股份。

以创建一种模式。接下来,它会突出那些看起来具有商业性质的事实:短期持有期、重复销售、改良、营销努力、杠杆以及您的专业程度。

然后,它会重构您购买时的意图,并将这些结论转化为支持重新评估的事实假设。您必须提供可信的证据来推翻这些假设。

案例

关于这一问题的领先案例是 Happy Valley Farms Ltd. v. The Queen, 86 D.T.C. 6421 (F.C.T.D.)。纳税人购买了农地,将其细分并获利出售部分土地,申报为资本利得。法院支持税务部门,认定该活动看起来更像商业运作而非被动投资。

法院确定了六个至今仍指导此类争议的因素:财产的性质;持有时间;类似交易发生的频率;对财产进行的工作;导致出售的情况;以及纳税人购买时的动机。没有任何单一因素能决定结果。

报告称,企业的收益集中在收入产生、成本节约、资本效率和生产力方面,采用人工智能在 2027 年之前可能会将企业的净利润率提高一个百分点。

分析师写道:“人工智能采用者的前景正变得日益诱人,实施带来的收益有助于抵消对潜在冲击的担忧。”他们补充说,根据其研究,通常被认为容易受到人工智能冲击的行业,如运输、软件和专业服务,属于“更具吸引力的采用者群体”。

本周推出的一只新交易所交易基金 (ETF) 反映了这一转变。艾耶尔 (Iyer) 先生表示,新成立的在多伦多上市的 Guardian i3 AI Technology and Innovation Fund 约有三分之二专注于人工智能赋能者,其余部分则分配给采用人工智能工具的公司。

该 ETF 本身就是多层人工智能的产物。艾耶尔先生表示,Guardian 使用人工智能代理从公司的官方备案和管理层记录中提取公司使用人工智能的证据,并确定人工智能对公司运营的重要性。

随后,Guardian 使用人工智能模型来预测估值指标、增长率、短期方向和波动性等因素,并生成建议。这些建议随后由投资组合经理进行评估,并由其做出最终决定。

加拿大和美国的首次公开募股(IPO)在公开交易开始前的发行价阶段,IPO前投资允许投资者在公司上市前数周或有时数月就买入。Questrade 表示,它是加拿大首家提供该产品的自选经纪公司。

该公司还宣布了免佣金的美国股票期权交易,并且对于高级会员,每交易一份美国股票期权合约可获得 5 分特的额外奖励。Questrade 目前管理约 $100-billion 的资产,高于 2019 年的 $9-billion。

该公司在推行该产品之际,加拿大的在线经纪市场竞争日益激烈。包括 Wealthsimple、Coinbase Canada 以及新进入者——美国经纪商 Robinhood 在内的竞争对手,在过去一年中都扩大了其投资产品线,而随着对市场的兴趣日益增长,数百万加拿大人开设了自选投资账户。

尽管如此,Questrade 总裁 Rob Galaski 在一次采访中表示,竞争对手并非公司战略的驱动力。“我们并不想做每个人都在做的事情,”他说。

在承认关于决定将哪些公司纳入其中的决策时——

教训是,行动胜于解释。你可能会坚持认为某项资产是作为长期投资购买的,但短期融资、开发工作和快速转售可能会讲述另一个故事。

此外还有“次要意图”原则。即使主要计划是投资,但如果在购买时你还有一个真正的后备计划是以盈利转售,那么收益可能被视为商业收入。仅仅在情况变化时愿意出售并不一定足以让你陷入困境,但记录证明至关重要。

较新的住宅房产翻转(flipping)规则进一步提高了风险。在 12 个月内出售的某些住宅房产所获收益被视为商业收入——但存在某些例外情况。持有超过 12 个月并不能保证被视为资本利得,因为传统的 Happy Valley 分析仍然适用。

除了成本节约和 AI 带来的收入生成等可量化因素外,Iyer 先生表示,AI 智能体将考虑“文本数据集”,以分析那些可能缺乏详细运营和资产负债表数据的新兴 AI 相关上市公司。

他说,该策略为投资者提供了机会,使其能够比跟踪指数或专注于高知名度科技公司地,更细致地接触 AI 相关公司。 “这个 AI 领域并不是一个单一的大块,它包含多个子组件。”

尽管如此,即使 AI 公司的前景依然看好,投资者也不太可能获得平稳的体验。Iyer 先生指出,今年 AI 技术的采用者和赋能者都经历了“剧烈波动”和大幅回撤。尽管该行业持续显示出强劲的盈利能力。

“最近的修正主要是由恐惧驱动的,而不是因为有证据表明事情开始出错,”Capital Economics 金融市场首席经济顾问 John Higgins 在一份报告中写道。“分析师对大科技部门综合每股收益的预期尚未显示出下滑迹象。”

Higgins 先生表示,尽管盈利预期稳定但股价下跌,这有可能在“情绪转变时创造巨大的反弹空间”。

他表示,行业已经加速了创新的步伐,Questrade 的重点在于打造能更好地满足客户长期需求的产品,而不仅仅是模仿竞争对手的产品。

“我们会推出类似的产品,但我们会做得比其他人更周详、更好,”Galaski 先生说道。

在推出新产品的同时,Questrade 还揭晓了其 25 年多以来首次重大的品牌重新设计。该公司将舍弃其绿色三角形标志,转而采用仅带有 Questrade 名称的浅绿色设计。

“我们一直使用同一个品牌,而周围的生活已经发生了变化,”Kholodenko 先生表示。“新品牌反映了我们前进的方向以及我们希望吸引的客户类型。”他将这类客户描述为渴望在财务上变得更安全、更成功且富有抱负的人。

Questrade 还在继续寻求进入预测市场,这是另一个它一直在等待加拿大投资监管机构(Canadian Investment Regulatory Organization)监管批准的领域。Wealthsimple 将在今年夏天推出其预测市场应用,并与总部位于美国的 Kalshi 合作。

(短期融资可能暗示持有该资产的意图是短期的),预计的收益是多少以及为何后来发生了出售。

在购买时的电子邮件、投资分析和专业建议,通常比多年后在税务审计时准备的措辞精良的解释更具分量。

在构建交易时做出的决定,可能比在审计员已经形成结论后提出的论据更为重要。请考虑加拿大税务局(CRA)正在构建的叙事逻辑。

将真正独立的交易区分开来(仅仅因为你曾转手过一次房产并面临商业收入税,并不意味着你完成的每笔交易都应被同样对待)。解释由市场驱动的决定,将普通的灵活性与转售计划区分开来,并指出加拿大税务局所做的每一个错误或不完整的事实假设。

底线是:这类税务纠纷的胜诉取决于你的行为、文件和解释是否指向同一个方向。法律提供测试标准,但你的证据讲述故事。

Page 25

道琼斯指数大跌超过 1,100 点

美国指数创下 2025 年 4 月以来最糟糕的一天;与此同时,在加拿大,多伦多综合指数(TSX)从历史收盘最高点回落 1.2%

周三,在美联储维持利率不变后,美国股市扩大跌幅,对利率敏感的两年期国债收益率下跌,美元走低;而中东地区再次爆发攻击,导致油价飙升。加拿大股市在接近当日最低水平收盘,仅能源板块出现上涨。

美联储的决定在很大程度上符合预期,但在 12 名政策制定者组成的联邦公开市场委员会成员中,有三人对该决定持异议。该决定将基准利率维持在 3.50% 至 3.75% 的范围内,而这三名成员则支持加息 0.25 个百分点。

在中东地区恢复大规模空袭后,油价上涨了约 8%,这引发了对已经受损的全球能源供应可能进一步中断的担忧。此外,行业数据显示美国原油库存下降,进一步推高了油价。

“中东地区传出的消息断断续续,我认为在我们获得某种更为持久的解决方案之前,这种头条新闻风险将继续出现,”明尼阿波利斯美国银行财富管理部门资本市场研究与投资组合构建负责人比尔·默茨(Bill Merz)表示。

中东地区恢复大规模空袭后,油价上涨了约 8%。BRENDAN McDERMID/REUTERS

获得星级的 ETF 和共同基金新秀

伊恩·谭 (IAN TAM)

数字挖掘者 (NUMBER CRUNCHER)

特许金融分析师 (CFA),Morningstar Canada 投资研究总监

我们的筛选标准是什么?

近期获得 Morningstar 星级评定资格,且在首次评分报告中就获得四星或五星的加拿大共同基金和 ETF。

筛选过程

如果你曾研究过共同基金或 ETF,可能见过 Morningstar 广为人知的一到五星评级。该评级已存在数十年,并成为一种流行的短期——

获得高星级评级的新秀

基金法定名称 代码 Morningstar 类别 MER (%) 12个月预估净资产流量 (加元)
股票基金/ETF
Manulife Smart Global Dividend ETF Portfolio GDIV-N 全球股息与收益股票 0.38 4 Stars
BMO Sustainable Equity Growth Portfolio 全球股票 0.87 4 Stars
Fidelity Global Innovators ETF FINN-N 全球股票 1.09 5 Stars
CI Equity Asset Allocation ETF CEQT-T 全球股票 0.33 4 Stars
BMO Global Health Care Fund 医疗保健股票 0.85 5 Stars
债券基金/ETF
NBI Canadian Core Plus Bond Fund 加拿大固定收益 0.46 5 Stars
RBC U.S. Discount Bond ETF RUDB-T 全球固定收益 0.28 5 Stars
平衡基金/ETF
BMO Managed Conservative Portfolio 全球固定收益平衡 0.79 4 Stars
CI Balanced Income Asset Allocation ETF CBIN 全球固定收益平衡 0.29 4 Stars
CI Balanced Asset Allocation ETF CBAL-T 全球中立平衡 0.29 4 Stars
CI Growth Asset Allocation ETF CGRO-T 全球股票平衡 0.29 4 Stars
CI Balanced Growth Asset Allocation ETF CBGR-T 全球股票平衡 0.29 4 Stars

数据来源:Morningstar Direct | 数据截至 2026年7月28日 | 仅含最早的份额类别。

关注股票 DAVID LEEDER

URANIUM ROYALTY (UROY-NASDAQ) 收盘价 US$3.03, 上涨 25¢ CELESTICA (CLS-NYSE) 收盘价 US$328.43, 下跌 $21.77 GIBSON ENERGY (GEI-TSX) 收盘价 $32.48, 上涨 37¢ GOEASY (GSY-TSX) 收盘价 $49.00, 下跌 $1.99 QUARTERHILL (QTRH-TSX) 收盘价 $2.52, 上涨 12¢

国立银行金融分析师 Mohamed Sidibé 将 Uranium Royalty Corp. 的评级从“行业表现”上调至“跑赢大盘”,此前该公司完成了对 Orion Resource Partners 和安大略省教师养老金计划所持有的 Sweetwater Entities 92% 权益的收购。他指出,此次收购“增加了一个具有内生增长潜力和土地选择权的现金产生型苏打灰特许权使用费组合”。 目标价:他设定的 US$3.75 目标价低于 US$4.50 的市场共识。

油价的反弹提高了市场对美国央行本周可能加息的预期,尽管 6 月份的通胀缓解程度超过了经济学家的预期。 “在 6 月份的通胀数据显现出一定进展之后,这一举动是在预料之中的,”TWA Wealth Partners 首席投资官 JP Powers 表示。“但随着每一次会议的临近,不确定性比上次更多。” 联邦基金期货交易员目前认为 9 月加息的可能性为 60%。 道琼斯工业平均指数下跌 2.2 百分点,至 51,594.86, 创下 2025. 年 4 月以来的最糟糕的一天。标准普尔 500 指数下跌 1.5 百分点,至 7,316.39 和纳斯达克综合指数下跌 1.7 百分点,至 24,442.94. 标准普尔/多伦多证券交易所 (S&P/TSX) 综合指数在周二创下历史收盘新高之后,下跌 415.92 点,或 1.2 百分点,至 35,333.78,。 通常与美联储利率预期同步走势的两年期美国国债收益率在升至 4.339 百分点后,下跌 5 个基点至 4.227 百分点。

联邦基金期货交易员目前认为 9 月加息的可能性为 60%。

在会议召开前,市场定价的加息概率约为三分之一。但美国 30 年期债券收益率跳升 7.1 个基点至 5.167 百分点,并有望创下 5 月 15, 以来最大单日涨幅,这表明交易员预计长期通胀压力将有所积聚。

对于寻求对比基金的投资者来说,这是一个便捷的途径。然而,许多投资者并未意识到,一只基金必须拥有至少三年的业绩历史,才能获得星级评级。在此之前,即使是有前景的新基金也依然没有评级,且很容易被忽视。 星级评级是在计入费用和风险后,将一只基金的业绩与其同类别中的其他基金进行比较。例如,一只加拿大债券基金是与其他加拿大债券基金进行衡量,而不是与全球股票基金或专注于技术的策略进行对比。该评级还更加强调近期的结果,并考虑基金为实现这些回报所承担的风险程度。简单来说,那些在下行风险较低的情况下提供更好回报的基金,往往能获得更高的评级。 当然,强有力的星级评级并不能保证未来的成功。市场和投资团队会发生变化,即使是高评级基金也可能经历困难时期。即便如此,晨星 (Morningstar) 的研究表明,平均而言,评级较高的基金在长期内往往优于评级较低的基金。 虽然投资者在选择投资产品时绝不应依赖单一指标,但星级评级是一个非常有效的切入点。 本周,我使用 Morningstar Direct 识别了 2023 年中期推出、现已跨过三年门槛并首次获得星级评级资格的基金和 ETF。可以将它们视为“毕业班”。 在约 72 只基金和 ETF 中(仅计算最旧的份额类别,

晨星基金评级 (MORNINGSTAR RATING FOR FUNDS)

晨星奖章评级 (MORNINGSTAR MEDALIST RATING)

在 Celestica Inc. 再次出现“干净的业绩超预期且上调指引 (beat-and-raise)”之后,CIBC World Markets 分析师 Todd Coupland 认为,华尔街的预测“太低了,数字需要上调”。他说:“Q2/ 2026 各项指标均超出预期,且 2026/ 2027 目标远高于 FactSet 的共识预期。关键信息是: 2027 不是业绩下滑之年。” 目标价:Coupland 先生重申其“跑赢大盘 (outperformer)”评级,将目标价从 US$480. 上调至 US$500。共识预期为 US$445.。

RBC Dominion Securities 分析师 Maurice Choy 预计,Gibson Energy Inc. 的营销部门第二季度将有“强劲”表现,以“重新唤起市场对该业务在产生轻资产现金流以去杠杆和/或资助长期项目方面潜在益处(及惊喜)的关注”。 目标价:Choy 先生维持“跑赢大盘 (outperform)”评级,将目标价从 $30. 上调至 $33。共识预期为 $31.50.。

沃什先生在美联储发布政策声明后的新闻发布会上对记者表示,在金融危机时期(例如 2008-2009 期间),对货币政策决策提供更多前瞻性指引可能是审慎的,但在较为平稳的时期,这种指引值得重新审视。

“听起来沃什将根据市场的走势采取行动。如果实际收益率下降,他可能会选择加息。如果实际收益率保持现状或上升,他则可以安然不动,”威斯康星州梅诺莫尼瀑布市 Annex Wealth Management 的首席经济战略师布莱恩·雅各布森表示。

衡量美元兑日元和欧元等一篮子货币的美元指数下跌 0.45%,至 100.96。美元的强势助力加元上涨约 0.3 美分。

本月全球市场波动剧烈,因为投资者在看到美国大公司深化 AI 相关投资网络并继续向该技术投入数十亿美元(以牺牲自由现金流为代价)的迹象时,对 AI 支出繁荣的可持续性产生了质疑。收益预期已攀升至极高水平,以至于即便 SK 海力士的季度利润周三增长了六倍,仍未达到预期,导致其股价下跌 9.6%。

Meta Platforms 在盘后交易中下跌 4%,此前这家社交媒体公司表示,目前预计 2026 年的资本支出将在 1300 亿至 1450 亿美元之间,而之前的预测为

(每个基金),我选择了那些一进入市场就获得四星或五星评级的基金——这证明它们在进入市场的最初 3 年里表现优于许多同行。

我们的发现

本文附表列出了通过筛选的基金和 ETF。其中涵盖了每只基金的类别、星级评级、管理费率、成立日期、历史业绩、资产配置以及过去 12 个月的预计净资产流向。我还加入了晨星(Morningstar)的奖牌评级(Medalist Rating),这是我们对基金未来超越同行能力的前瞻性评估。与基于历史业绩的星级评级不同,奖牌评级

YTD 总回报 (%) 1 年总回报 (%) 3 年年化总回报 (%) 成立日期

ATB Cormark 分析师杰夫·芬威克在 8 月 7 日一份名为《漫长回归之路》的报告中对其第二季度财报发布进行了预判,将 Goeasy Ltd. 的评级从之前的“市场表现”下调至“跑输大盘”,并警告称,结果将“呈现贷款账本的持续萎缩以及信用损失的增加”。

目标价:他对 Goeasy 股票的目标价仍维持在 $35,低于市场共识的 $37。

$125-billion to $145-billion。 同样在收盘后,微软上涨 0.6%,此前其季度云收入增长超过了华尔街的预期,这表明其在 AI 基础设施上的巨额投入正获得回报。 亚马逊 (Amazon.com) 和苹果公司将于本周晚些时候公布财报。 韩国综合股价指数 (KOSPI) 已成为 AI 情绪剧烈波动的一个象征,在跌幅超过 10% 并触及三个月低点后,次日又下跌了近 6%。对此,韩国财政部周三表示,韩国将对单股杠杆交易型开放式指数基金(即 ETF)引入额外限制,包括一项上限规定,可能将个人的此类产品投资限制在其总投资资产的 20% 以内。 在多伦多证券交易所 (TSX) 交易中,权重较大的金融板块下跌 2.9%。工业板块收盘下跌 1%,其中建筑和工程公司 Aecon Group 的股价下跌 9.1%。 Allied Gold 表示,由于两家公司得出结论认为不太可能在约定截止日期前满足成交条件,其计划以 $5.5-billion 出售给中国紫金矿业的交易已终止。Allied Gold 的股价暴跌 18.6%。 能源板块上涨 3.2%,得益于 Cenovus Energy 4.5% 的涨幅。该公司在报告第二季度利润增长超过三倍后,上调了 2026 年的产量预期。

路透社,GLOBE 职员

评估投资团队的实力、公司的质量以及投资过程本身。虽然我没有专门筛选 Medalist 评级,但值得注意的是,许多符合条件的基金都获得了金、银或铜级评级,这表明它们可能会继续提供强劲的业绩。 与往常一样,投资者在比较评级时应密切关注基金的类别。一只五星级债券基金和一只五星级股票基金在各自的同行中可能排名都很高,但它们在投资组合中扮演的角色可能截然不同。

本文不构成财务建议。建议读者在买卖此处列出的任何基金或 ETF 之前进行自己的研究。

加拿大 股票 (%)

美国 股票 (%)

国际 股票 (%)

固定 收益 (%) 现金 (%)

ATB Cormark 分析师 Gavin Fairweather 引用了近期以 $70-million 收购 Conduent Business Services LLC 收费解决方案业务的未来影响,将 Quarterhill Inc. 的评级从之前的“跑赢大盘”上调至“首选股”。他表示:“我们越来越有信心,收购 Conduent 后的 Quarterhill 是一个比股票折现所反映的规模更大且更盈利的企业。” 目标价:他的目标价从 $4.40 上调至 $5。共识预期为 $2.25。

总 净 资产 (加元)

第 26 页

市场

TSX 指数及子指数

收盘价 净值 % 成交量 年初至今 变动 变动 000股 %变动

TSX 综合指数 (TSX COMPOSITE IND) 35333.78 -415.92 -1.16 285380 11.42 TSX 60 指数 (TSX 60 INDEX) 2091.63 -25.04 -1.18 136603 12.45 TSX 完备指数 (TSX COMPLETION IN) 2231.42 -24.41 -1.08 148777 7.30 TSX 小盘股指数 (TSX SMALLCAP INDE) 1350.21 -16.26 -1.19 101106 12.84 TSX 创业板综合指数 (TSX VENTURE COMPO) 858.56 -8.50 -0.98 43791 -13.08 TSX 非必需消费品 (TSX CONSUMER DISC) 407.70 -1.78 -0.43 4714 6.56 TSX 必需消费品 (TSX CONSUMER STAP) 1345.58 -3.17 -0.24 4678 8.67 TSX 能源上限 (TSX ENERGY CAPPED) 426.73 13.08 3.16 47633 42.04 TSX 金融 (TSX FINANCIALS CA) 756.44 -22.79 -2.92 42461 20.55 TSX 医疗保健 (TSX HEALTH CARE C) 23.14 -0.35 -1.49 1857 5.66 TSX 工业 (TSX INDUSTRIALS C) 527.15 -5.28 -0.99 19004 12.88 TSX 信息技术 (TSX INFORMATION T) 316.04 -1.31 -0.41 11135 -3.23 TSX 材料上限 (TSX MATERIALS CAP) 708.11 -5.20 -0.73 84054 -5.55 TSX 房地产 (TSX REAL ESTATE C) 325.90 -2.45 -0.75 10237 3.01 TSX 全球黄金指数 (TSX GLOBAL GOLD I) 733.31 -5.82 -0.79 122816 -10.38 TSX 全球矿业 (TSX GLOBAL MINING) 212.30 -2.37 -1.10 354802 1.07 TSX 收益信托 (TSX INCOME TRUST) 255.99 0.16 0.06 10809 16.24 TSX 优先股 (TSX PREFERRED SHA) 719.17 1.92 0.27 418 3.29 TSX 通讯 (TSX COMMUNICATION) 154.94 1.90 1.24 20457 -1.22 TSX 实用事业上限 (TSX UTILITIES CAP) 413.46 -3.19 -0.77 16060 17.36

美国

TSX 上涨股 股价 $1 或以上的前 20 名

CRWN CROWN CAPITA 1.34 0.19 16.52 106.15 HMM-A HAMMOND MA 20.18 2.75 15.78 73 80.02 SOXD MEGASHORT -3 2.47 0.33 15.42 583 -87.99 OILU SAVVYLONG GE 45.78 5.68 14.16 45 183.47 HOU BETAPRO CRUDE 20.17 2.41 13.57 1884 129.99 ALYA ALITHYA GROU 1.14 0.12 11.76 199 -31.74 CNQU SAVVYLONG 2X 43.76 3.95 9.92 78.61 GURU GURU ORGANIC 3.99 0.36 9.92 29 -20.04 NVDD SAVVYSHORT - 13.77 0.91 7.08 5 -21.94 BGAU BLOSSOM GOLD 1.68 0.11 7.01 79 5.00 QQD-U BETAPRO NAS 19.30 1.20 6.63 -19.58 INTU INTUIT CDR ( 20.28 1.25 6.57 45 -19.17 NRGU BETAPRO SP T 62.97 3.83 6.48 87 92.92 ABXX ABAXX TECHNO 25.24 1.50 6.32 144 -50.51 VOLX BETAPRO SP50 15.98 0.93 6.18 89 -12.68 SQQQ BETAPRO -3X 9.63 0.55 6.06 875 -26.71 TCUS TRADING CENT 25.00 1.40 5.93 24.38 QQQD MEGASHORT -3 8.99 0.49 5.76 9 -25.46 KEI KOLIBRI GLOBA 7.26 0.39 5.68 16 34.20 ADBE ADOBE CDR (C 10.07 0.53 5.56 401 -25.85

HMM-A HAMMOND MA 20.18 2.75 15.78 73 80.02 KEY KEYERA CORP 60.35 1.04 1.75 1962 37.16 MG MAGNA INTERNAT 97.14 -0.21 -0.22 1300 32.76 PPL-PR-E PEMBINA 26.75 0.07 0.26 3 4.37 PWF-PR-P PWR FNL 21.80 0.09 0.41 3 8.03 RS-PR-A REAL ESTA 10.37 -0.03 -0.29 4 1.77 RFA-PR-I RFA FINA 23.50 0.00 0.00 2 3.30 AAPU SAVVYLONG 2X 48.52 -0.82 -1.66 6 42.71 SGR-UN SLATE GROC 17.73 -0.06 -0.34 83 16.26 SGR-U SLATE GROCE 12.61 0.18 1.45 11.79 SYK STRYKER CDR ( 23.89 0.45 1.92 4 18.56 TCWW TRADING CENT 21.91 0.82 3.89 9.00 TCUS TRADING CENT 25.00 1.40 5.93 24.38 VISA VISA CDR (CA 33.70 0.26 0.78 47 3.76 WN WESTON GEORGE 105.87 -1.37 -1.28 259 11.81

S&P/TSX 综合指数股票 按市值排序的最大股票

VNP 5N PLUS INC. 31.01 -1.52 -4.67 422 75.00

ABRA ABRASILVER R 13.50 -0.91 -6.32 649 26.40 AAV ADVANTAGE ENE 10.77 0.08 0.75 653 -8.26 ARE AECON GROUP I 44.41 -4.45 -9.11 699 41.98 AEM AGNICO EAGLE 203.13 0.22 0.11 1176 -12.73 AC AIR CANADA 25.37 -0.39 -1.51 2592 31.52 AGI ALAMOS GOLD I 40.13 -0.57 -1.40 1087 -24.28 AQN ALGONQUIN POW 8.38 -0.20 -2.33 2121 -0.71 ATD ALIMENTATION 90.93 -1.00 -1.09 1173 21.30 AAUC ALLIED GOLD 24.00 -5.50 -18.64 8141 -23.69 AP-UN ALLIED PROP 10.05 -0.70 -6.51 2835 -24.83 ALA ALTAGAS LTD. 55.64 0.13 0.23 1038 32.95 ALS ALTIUS MINERA 59.03 1.98 3.47 459 44.54 AIF ALTUS GROUP L 47.68 0.22 0.46 148 -15.92 USA AMERICAS GOLD 5.15 -0.32 -5.85 1353 -26.85 ARX ARC RESOURCES 32.54 0.54 1.69 2458 26.37 ARIS ARIS MINING 19.57 -0.86 -4.21 968 -12.08 ATZ ARITZIA INC 135.33 -2.39 -1.74 654 15.32 ACO-X ATCO LTD. C 78.31 0.44 0.57 265 38.90 ATH ATHABASCA OIL 10.62 0.40 3.91 1702 51.07 ATRL ATKINSREALIS 86.24 -2.84 -3.19 851 -2.66 ATS ATS CORPORATI 37.31 -0.75 -1.97 401 -1.32 ASM AVINO SILVER 7.41 -0.36 -4.63 909 -13.23 AYA AYA GOLD AND 27.02 -0.40 -1.46 1060 37.58

BTO B2GOLD CORP. 5.28 -0.15 -2.76 3031 -14.56 BCE BCE INC. 31.42 0.63 2.05 5270 -4.03 BDGI BADGER INFRA 80.88 -7.39 -8.37 362 10.60 BMO BANK OF MONTR 246.81 -8.07 -3.17 4988 38.46 BNS BANK OF NOVA 121.14 -3.56 -2.85 2547 19.67 ABX BARRICK MININ 51.11 -0.74 -1.43 6331 -14.52 BHC BAUSCH HEALTH 6.56 0.16 2.50 713 -31.16 BTE BAYTEX ENERGY 5.87 0.21 3.71 3705 32.21 BIR BIRCHCLIFF EN 6.33 0.13 2.10 1125 -15.26 BDT BIRD CONSTRUC 63.86 -3.57 -5.29 407 123.91 BB BLACKBERRY LIM 11.02 -0.42 -3.67 3413 112.74 BEI-UN BOARDWALK 67.10 1.30 1.98 237 4.06 BBD-B BOMBARDIER 358.31 -11.15 -3.02 447 53.45 BLX BORALEX INC. 37.12 0.09 0.24 526 46.55 BYD BOYD GROUP SE 154.53 -4.94 -3.10 105 -29.32 BAM BROOKFIELD AS 66.53 -1.30 -1.92 1233 -7.47 BBUC BROOKFIELD B 44.87 0.10 0.22 61 -8.52 BN BROOKFIELD COR 58.60 -1.24 -2.07 3184 -7.01 BIP-UN BROOKFIELD 60.20 1.08 1.83 521 26.18 BEP-UN BROOKFIELD 44.43 -0.60 -1.33 312 19.79 DOO BRP INC 86.03 -2.14 -2.43 397 -11.35

CAR-UN CDN APARTM 35.39 0.46 1.32 441 -4.01 CNQ CDN NATURAL R 65.31 2.88 4.61 9354 40.48 GIB-A CGI INC 105.01 4.30 4.27 912 -17.17 CRT-UN CT REAL ES 18.75 -0.06 -0.32 132 15.24 CAE CAE INC 36.89 -0.31 -0.83 648 -11.62 CCO CAMECO CORP 118.83 -3.84 -3.13 1039 -5.45 CM CANADIAN IMPER 163.59 -5.45 -3.22 2273 31.47 CNR CANADIAN NATI 182.57 -0.34 -0.19 1713 34.49 CP CANADIAN PACIF 128.36 -1.07 -0.83 1190 27.03 CTC-A CANADIAN TI 206.77 0.40 0.19 202 18.87 CU CANADIAN UTILI 54.94 0.21 0.38 584 28.57 CPX CAPITAL POWER 66.00 -2.17 -3.18 1478 12.72 CS CAPSTONE COPPE 12.80 -0.31 -2.36 3803 -7.11 CJT CARGOJET INC. 85.58 -0.53 -0.62 40 1.95 CCL-B CCL INDUSTR 93.97 -0.66 -0.70 375 8.39 CLS CELESTICA INC 461.40 -30.74 -6.25 498 13.64

ETFS 交易所交易基金 STOCKS $1 OR MORE 1 美元或以上的股票

BANK EVOLVE CDN B 11.72 -0.40 -3.30 1610 20.95 CNDD BETAPRO SP T 11.01 0.27 2.51 589 -23.11 DLR-U GLOBAL X US 10.12 0.01 0.10 770 -0.20 DLR GLOBAL X US D 14.21 -0.06 -0.42 1371 2.08 GDXU BETAPRO CDN 23.66 -0.57 -2.35 712 -36.11 HDIV HAMILTON ENH 23.04 -0.45 -1.92 611 10.88 HHIS HARVEST DIVE 10.45 -0.31 -2.88 1807 -14.62 HMAX HAMILTON CDN 18.11 -0.29 -1.58 804 11.86 HNU BETAPRO NAT G 7.69 0.19 2.53 1955 -52.82 HOD BETAPRO CRUDE 25.61 -3.95 -13.36 940 -82.31 HOU BETAPRO CRUDE 20.17 2.41 13.57 1884 129.99 QQU BETAPRO NASDA 32.75 -1.35 -3.96 1114 8.73

COMMODITIES 大宗商品

TSX VOLUME 多伦多证券交易所成交量 TOP 20 FOR STOCKS $1 OR MORE 1 美元或以上股票的前 20 名

T TELUS CORPORATI 15.65 0.59 3.92 11546 -13.49 CNQ CDN NATURAL R 65.31 2.88 4.61 9354 40.48 AAUC ALLIED GOLD 24.00 -5.50 -18.64 8140 -23.69 KEEL KEEL INFRAST 4.45 -0.82 -15.56 7631 48.33 MFC MANULIFE FIN 61.75 -1.20 -1.91 7490 23.90 ENB ENBRIDGE INC 77.56 -0.47 -0.60 6776 18.09 ABX BARRICK MININ 51.11 -0.74 -1.43 6331 -14.52 RY ROYAL BANK OF 290.34 -9.06 -3.03 5995 24.08 EQX EQUINOX GOLD 12.57 -0.32 -2.48 5718 -34.84 K KINROSS GOLD CO 32.71 -0.50 -1.51 5539 -15.39 BCE BCE INC. 31.42 0.63 2.05 5270 -4.03 SU SUNCOR ENERGY 92.56 2.32 2.57 5079 51.94 CVE CENOVUS ENERG 40.83 1.77 4.53 5059 75.84 OM OSISKO METALS 1.46 -0.14 -8.75 5009 92.11 BMO BANK OF MONTR 246.81 -8.07 -3.17 4988 38.46 TD TORONTO-DOMINI 164.52 -5.45 -3.21 4859 27.18 XIU ISHARES SP TS 52.91 -0.66 -1.23 4688 12.60 IVN IVANHOE MINES 10.59 -0.09 -0.84 4666 -32.16 WCP WHITECAP RESO 16.02 0.42 2.69 4515 39.30 FM FIRST QUANTUM 37.97 0.46 1.23 4102 3.18

CVE CENOVUS ENERG 40.83 1.77 4.53 5059 75.84 CG CENTERRA GOLD 23.95 1.25 5.51 1005 21.20 CEU CES ENERGY SO 16.25 -0.85 -4.97 731 32.44 CSH-UN CHARTWELL 23.02 -0.18 -0.78 213 14.53 CHP-UN CHOICE PRO 15.94 -0.18 -1.12 3078 7.63 CCA COGECO COMMUN 61.76 0.35 0.57 208 -7.09 CIGI COLLIERS INT 142.07 -4.64 -3.16 136 -29.58 CSU CONSTELLATION 3116.72 96.42 3.19 105 -5.59 CRR-UN CROMBIE RE 17.62 -0.10 -0.56 94 15.39 CURA CURALEAF HOL 11.76 -0.36 -2.97 210 14.96

TSX 跌幅榜 股票价格 $1 或以上的 20 强

MUU SAVVYLONG 2X 9.62 -2.29 -19.23 601 -57.24 AAUC ALLIED GOLD 24.00 -5.50 -18.64 8140 -23.69 TELY TELYRX HOLDI 2.30 -0.50 -17.86 50 -34.29 VRT VERTIV CDR (C 16.70 -3.45 -17.12 389 -33.94 SOXU MEGALONG 3X 27.85 -5.48 -16.44 208 110.27 KEEL KEEL INFRAST 4.45 -0.82 -15.56 7631 48.33 OILD SAVVYSHORT G 2.29 -0.41 -15.19 22 -86.30 HBGD-U GLOBAL X B 42.87 -7.64 -15.13 32.48 HOD BETAPRO CRUDE 25.61 -3.95 -13.36 940 -82.31 HUT HUT 8 CORP 123.93 -18.53 -13.01 711 96.34 PLTU SAVVYLONG 2X 16.71 -2.45 -12.79 -29.73 HIVE HIVE DIGITAL 3.55 -0.48 -11.91 2982 0.28 AMDU SAVVYLONG 2X 13.97 -1.88 -11.86 17 -35.32 KLAC KLA CDR (CAD 23.00 -2.88 -11.13 49 -3.89 AII ALMONTY INDUS 15.37 -1.85 -10.74 2471 27.34 SOFY HARVEST SOFI 4.49 -0.51 -10.20 231 -55.23 FAR FORACO INTERN 2.20 -0.24 -9.84 111 -8.33 MU MICRON CDR (CA 32.57 -3.48 -9.65 3311 155.29 SMCI SUPERMICRO C 8.32 -0.88 -9.57 418 -13.51 BNKU MEGALONG 3X 89.15 -9.41 -9.55 27 98.11

DFY DEFINITY FINA 79.21 -1.59 -1.97 291 4.32 DML DENISON MINES 3.79 -0.11 -2.82 3589 4.12 DSG DESCARTES SYS 109.65 3.03 2.84 439 -8.94 DSV DISCOVERY MIN 8.57 -0.06 -0.70 2781 2.27 DOL DOLLARAMA INC 189.42 -1.20 -0.63 749 -7.66 DPM DPM METALS IN 49.30 -0.70 -1.40 1213 16.22 DIR-UN DREAM INDU 14.61 -0.14 -0.95 478 16.14

EQB EQB INC 140.47 -3.00 -2.09 90 35.21 ELD ELDORADO GOLD 44.91 -0.52 -1.14 464 -8.96 EFN ELEMENT FLEET 31.99 -0.21 -0.65 785 -11.26 EMA EMERA INCORPO 76.02 -0.79 -1.03 2052 12.39 EMP-A EMPIRE COMP 52.50 1.00 1.94 391 10.02 ENB ENBRIDGE INC 77.56 -0.47 -0.60 6776 18.09 EDR ENDEAVOUR SIL 10.63 -0.31 -2.83 994 -17.66 EFX ENERFLEX LTD 29.74 -0.91 -2.97 1130 40.55 EFR ENERGY FUELS 15.07 -0.90 -5.64 989 -24.20 EQX EQUINOX GOLD 12.57 -0.32 -2.48 5718 -34.84 ERO ERO COPPER CO 35.48 -0.69 -1.91 278 -8.63 EIF EXCHANGE INCO 124.57 -2.98 -2.34 219 51.99 EXE EXTENDICARE I 36.70 -1.70 -4.43 557 71.90

FFH FAIRFAX FINAN 2410.93 -37.80 -1.54 87 -7.84 FTT FINNING INTL 90.98 -5.63 -5.83 835 22.33 FCR-UN FIRST CAPI 22.86 -0.15 -0.65 483 20.95 AG FIRST MAJESTIC 21.41 -0.72 -3.25 2834 -6.51 FM FIRST QUANTUM 37.97 0.46 1.23 4102 3.18 FSV FIRSTSERVICE 199.97 -1.62 -0.80 190 -6.32 FTS FORTIS INC 81.02 -1.37 -1.66 2088 13.54 FVI FORTUNA MININ 11.75 -0.12 -1.01 577 -12.64 FNV FRANCO-NEVADA 301.44 4.00 1.34 475 5.95 FRU FREEHOLD ROYA 16.82 0.36 2.19 747 10.73

GMIN G MINING VEN 40.92 -1.18 -2.80 1298 -1.37 GFL GFL ENVIRONME 56.63 1.37 2.48 879 -3.95 GEI GIBSON ENERGY 32.48 0.37 1.15 1219 29.30 GIL GILDAN ACTIVE 71.83 -1.17 -1.60 769 -16.27 GRT-UN GRANITE RE 97.94 -0.61 -0.62 65 19.86 GWO GREAT-WEST LI 90.43 -1.47 -1.60 1810 33.59

HPS-A HAMMOND POW 234.04 -7.37 -3.05 133 46.75 HWX HEADWATER EXP 13.40 0.45 3.47 694 43.01 HR-UN HR REAL EST 11.15 -0.04 -0.36 398 8.99 HBM HUDBAY MINERA 30.90 0.14 0.46 2690 13.39 H HYDRO ONE LIMIT 58.71 -0.83 -1.39 1248 7.45

IAU I 80 GOLD COR 1.79 -0.04 -2.19 678 -11.39 IAG IA FINANCIAL 203.56 -4.33 -2.08 381 14.47 IMG IAMGOLD CORP 19.58 -0.55 -2.73 1410 -13.55 IGM IGM FINANCIAL 81.93 -2.79 -3.29 266 32.55 IMO IMPERIAL OIL 180.96 3.38 1.90 886 52.61 IFC INTACT FINANC 284.80 -20.20 -6.62 862 -0.33 IPCO INTERNATIONA 30.58 0.93 3.14 418 23.16

RING GLOBAL X EQL 16.89 0.29 1.75 743 -7.81 SQQQ BETAPRO -3X 9.63 0.55 6.06 875 -26.71 TQQQ BETAPRO 3X N 29.43 -1.83 -5.85 781 7.49 UMAX HAMILTON UTI 13.78 0.02 0.15 726 4.63 VEQT VANGUARD ALL 59.91 -0.95 -1.56 908 11.54 XEG ISHARES SP TS 27.27 0.84 3.18 2418 41.88 XEQT ISHARES CORE 44.13 -0.69 -1.54 1190 10.63 XGD ISHARES S&P/T 45.75 -0.47 -1.02 585 -10.50 XIC ISHARES CORE 56.40 -0.79 -1.38 602 11.57 XIU ISHARES SP TS 52.91 -0.66 -1.23 4688 12.60 ZEB BMO EQUAL WEI 75.01 -2.49 -3.21 1860 28.66 ZWB BMO COVERED C 30.76 -1.00 -3.15 615 22.50

TSX 52周高点 股票 $1 或更多

ABBV ABBVIE CDR ( 36.71 -0.17 -0.46 7 13.30 ABNB AIRBNB CDR ( 25.51 0.21 0.83 1 11.30 ALZ ALLIANZ CDR ( 32.08 -0.03 -0.09 11 9.26 ADW-B ANDREW PELL 11.99 0.02 0.17 83.61 AAPL APPLE CDR (C 47.70 -0.24 -0.50 128 22.78 LCS BROMPTON LIFE 12.50 -0.29 -2.27 13 26.58 BN-PF-C BROOKFIEL 21.90 -0.02 -0.09 2 3.11 BIP-PR-E BROOKFIE 26.40 0.18 0.69 3 1.62 BIP-UN BROOKFIELD 60.20 1.08 1.83 521 26.18 CTC-A CANADIAN TI 206.77 0.40 0.19 202 18.87 COLA COCA-COLA CD 31.07 0.18 0.58 3 25.54 CSW-A CORBY SPIRI 16.80 0.83 5.20 81 13.51 CIU-PR-C CU INC P 21.40 0.60 2.88 1 20.70 DFN DIVIDEND 15 S 9.56 -0.10 -1.04 458 27.98 DGS DIVIDEND GROW 8.87 -0.03 -0.34 166 13.86 DS DIVIDEND SELEC 8.41 0.06 0.72 5 13.50 EMA-PR-L EMERA IN 21.78 0.26 1.21 5.93 ENB-PR-V ENBRIDGE 25.94 0.62 2.45 4 5.83 XTC EXCO TECH 8.25 0.24 3.00 29 20.09 GEI GIBSON ENERGY 32.48 0.37 1.15 1219 29.30

TSX 52周低点 股票 $1 或更多

AMAP AMAPA MINERA 1.14 -0.01 -0.87 343 3.64 BOIL BEYOND OIL L 2.10 -0.07 -3.23 145 -28.33 PAYU BROMPTON US 23.92 -0.56 -2.29 -4.40 PAYI BROMPTON UTI 23.58 -0.60 -2.48 4 -6.02 BEPC BROOKFIELD R 45.10 -0.83 -1.81 297 -14.34 CADY CADILLAC MIN 7.03 -0.02 -0.28 393 -0.71 CAPQ CAPITAL GROU 24.56 -0.24 -0.97 -0.93 CAPN CAPITAL GROU 24.87 -0.08 -0.32 -0.52 CRWV COREWEAVE CD 11.57 -1.18 -9.25 179 -52.70 DAGL DESJARDINS G 20.07 -0.12 -0.59 -0.15 ECO ECOSYNTHETIX 2.45 -0.10 -3.92 33 -38.75 GEO GEODRILL LIMI 2.43 -0.04 -1.62 -41.30 GIAI GUARDIAN I3 18.61 -0.77 -3.97 31 HHII HARVEST INTE 10.99 -0.24 -2.14 44 -5.91 HRMS HERMES CDR ( 17.12 -1.47 -7.91 1 -29.40 KLAC KLA CDR (CAD 23.00 -2.88 -11.13 49 -3.89 LRCX LAM RESEARCH 22.16 -1.47 -6.22 51 -12.38 PBY LYSANDER-CANS 16.18 0.01 0.06 1 MRG-UN MORGUARD N 16.19 -0.46 -2.76 70 -6.79 PCA PHOENIX METAL 1.10 -0.08 -6.78 51 -12.00

IIP-UN INTERRENT 13.54 0.01 0.07 647 2.65 IVN IVANHOE MINES 10.59 -0.09 -0.84 4666 -32.16

JWEL JAMIESON WEL 42.04 -0.70 -1.64 71 24.93

KNT K92 MINING IN 22.64 0.08 0.35 948 -0.22 KEL KELT EXPLORAT 9.69 0.27 2.87 525 26.34 KEY KEYERA CORP 60.35 1.04 1.75 1962 37.16 KMP-UN KILLAM APA 18.92 0.11 0.58 200 15.37 KXS KINAXIS INC 170.67 3.93 2.36 157 -1.39 K KINROSS GOLD CO 32.71 -0.50 -1.51 5539 -15.39

LIF LABRADOR IRON 26.64 0.72 2.78 211 -10.81 LB LAURENTIAN BAN 40.25 -0.04 -0.10 187 -0.12 LSPD LIGHTSPEED C 15.47 0.38 2.52 1400 -6.58 LNR LINAMAR CORP 104.18 -0.85 -0.81 119 25.58 LAC LITHIUM AMERI 3.82 -0.08 -2.05 764 -36.01 L LOBLAW CO 66.03 -0.10 -0.15 1011 6.41 LUG LUNDIN GOLD I 82.54 1.44 1.78 508 -27.61 LUN LUNDIN MINING 34.54 -0.18 -0.52 1664 17.08

MG MAGNA INTERNAT 97.14 -0.21 -0.22 1300 32.76 MFC MANULIFE FIN 61.75 -1.20 -1.91 7490 23.90 MFI MAPLE LEAF FO 29.32 0.13 0.45 192 17.61 MDA MDA SPACE LTD 40.43 -1.83 -4.33 993 51.76 MX METHANEX CORP 76.77 1.56 2.07 552 41.02 MRU METRO INC 95.36 0.54 0.57 323 -3.47 MAU MONTAGE GOLD 16.07 -0.42 -2.55 623 62.65 MTL MULLEN GROUP 27.85 -0.47 -1.66 374 76.94

NA NATIONAL BANK 223.08 -7.91 -3.42 1566 29.24 NXE NEXGEN ENERGY 12.53 -0.41 -3.17 2952 -0.79 NFI NFI GROUP INC 25.32 -0.70 -2.69 249 63.14 NGEX NGEX MINERAL 25.22 -0.31 -1.21 140 -1.48 NPI NORTHLAND POW 21.48 -0.24 -1.10 910 20.34 NG NOVAGOLD RES I 8.12 -0.10 -1.22 578 -36.56 NTR NUTRIEN LTD 99.18 1.18 1.20 1353 17.07

OR OR ROYALTIES I 41.50 -0.01 -0.02 330 -14.64 OGC OCEANAGOLD CO 34.07 0.02 0.06 1070 -12.42 ONEX ONEX CORPORA 107.92 -2.38 -2.16 119 -4.46 OTEX OPEN TEXT CO 36.38 1.41 4.03 1062 -18.61 OLA ORLA MINING L 12.56 -0.34 -2.64 1765 -31.96

PAAS PAN AMERICAN 59.80 -1.23 -2.02 664 -15.96 POU PARAMOUNT RES 29.46 0.70 2.43 188 21.79 PXT PAREX RESOURC 23.29 0.88 3.93 710 26.23 PPL PEMBINA PIPEL 70.86 0.43 0.61 1623 35.51 PPTA PERPETUA RES 24.27 -0.31 -1.26 108 -26.96 PEY PEYTO EXPLORA 25.84 0.69 2.74 626 13.78 POW POWER CORPORA 90.92 -2.64 -2.82 1492 24.63 PSK PRAIRIESKY RO 34.86 0.61 1.78 498 28.97 PBH PREMIUM BRAND 94.28 2.11 2.29 231 -7.31 PMZ-UN PRIMARIS R 23.08 -0.12 -0.52 289 48.04

QBR-B QUEBECOR IN 65.22 -0.59 -0.90 1403 26.15

RBA RB GLOBAL INC 161.89 -2.67 -1.62 220 14.56 QSR RESTAURANT BR 106.23 0.63 0.60 521 13.42 RCH RICHELIEU HAR 35.45 -0.43 -1.20 73 -10.39 REI-UN RIOCAN REA 22.55 -0.15 -0.66 704 20.59 RCI-B ROGERS COMM 48.96 -0.11 -0.22 2027 -5.50 RY ROYAL BANK OF 290.34 -9.06 -3.03 5995 24.08 RUS RUSSEL METALS 67.23 -1.45 -2.11 437 53.49

债券 (BONDS) 加拿大 (CANADA)

期限 (TERM) 收益率 (YIELD) 变动 (CHG)

2-YEAR 2.86 0.01 5-YEAR 3.21 0.04 10-YEAR 3.60 0.07 30-YEAR 4.00 0.09

利率 (RATES) 利率 (RATE) 变动 (CHG)

BOFC 隔夜目标利率 (BOFC OVERNIGHT TARGET) 2.25 持平 (UNCH) 加拿大基准利率 (CANADIAN PRIME) 4.45 持平 (UNCH) 来源:电讯 (Source: wires)

PWRS QUANTA SERVI 21.14 -1.16 -5.20 3 -26.70 REAL REAL MATTERS 4.93 -0.06 -1.20 17 -15.00 SNDK SANDISK CDR 24.75 -2.00 -7.48 1209 -23.52 AMDU SAVVYLONG 2X 13.97 -1.88 -11.86 17 -35.32 MUU SAVVYLONG 2X 9.62 -2.29 -19.23 601 -57.24 TSLU SAVVYLONG 2X 10.42 -0.69 -6.21 22 -62.98 TELY TELYRX HOLDI 2.30 -0.50 -17.86 50 -34.29 TSLA TESLA CDR (C 25.95 -0.75 -2.81 612 -34.59 TLRY TILRAY BRAND 5.54 -0.14 -2.46 1088 -55.36 VRT VERTIV CDR (C 16.70 -3.45 -17.12 389 -33.94

SAP SAPUTO INC. 41.59 0.01 0.02 942 0.68 SEA SEABRIDGE GOL 35.43 0.06 0.17 91 -12.93 SES SECURE WASTE 23.70 0.43 1.85 1128 37.23 SHOP SHOPIFY INC 181.73 -2.19 -1.19 1656 -17.77 SIA SIENNA SENIOR 23.17 -0.14 -0.60 163 13.41 SVM SILVERCORP ME 12.83 -0.44 -3.32 462 11.76 SKE SKEENA RESOUR 36.03 -1.24 -3.33 319 10.52 SRU-UN SMARTCENTR 29.95 -0.12 -0.40 322 16.31 SOBO SOUTH BOW CO 52.54 0.05 0.10 597 39.18 SXGC SOUTHERN CRO 9.21 0.04 0.44 317 -13.03 SDE SPARTAN DELTA 11.33 0.18 1.61 356 56.28 SII SPROTT INC. 146.10 -3.07 -2.06 70 8.67 SSRM SSR MINING I 35.17 -0.70 -1.95 293 16.88 STN STANTEC INC 100.73 -0.68 -0.67 518 -22.23 SJ STELLA JONES I 77.53 -1.78 -2.24 93 -8.93 SCR STRATHCONA RE 41.97 2.14 5.37 891 48.15 SLF SUN LIFE FINA 115.72 -2.97 -2.50 1721 35.06 SU SUNCOR ENERGY 92.56 2.32 2.57 5079 51.94 SPB SUPERIOR PLUS 8.06 0.03 0.37 454 14.49

TRP TC ENERGY COR 94.61 -0.84 -0.88 2695 25.18 X TMX GROUP LIMIT 51.75 -0.32 -0.61 894 -0.92 TVE TAMARACK VALL 13.33 0.43 3.33 1575 67.04 TECK-B TECK RESOU 80.87 -1.90 -2.30 1030 23.07 T TELUS CORPORATI 15.65 0.59 3.92 11546 -13.49 TVK TERRAVEST IND 121.14 1.29 1.08 61 -26.36 TFII TFI INTERNAT 198.27 -10.73 -5.13 367 39.75 NWC THE NORTH WES 51.92 0.45 0.87 81 6.15 TRI THOMSON REUTE 149.35 3.80 2.61 1150 -17.55 TPZ TOPAZ ENERGY 32.30 0.75 2.38 591 17.28 TXG TOREX GOLD RE 54.88 0.69 1.27 639 -16.26 TIH TOROMONT IND 206.81 -2.42 -1.16 625 24.55 TD TORONTO-DOMINI 164.52 -5.45 -3.21 4859 27.18 TOU TOURMALINE OI 64.46 1.50 2.38 2014 4.69 TA TRANSALTA CORP 17.52 -0.47 -2.61 2455 0.92 TKO TREKOR METALS 9.45 -0.26 -2.68 1073 21.62 TFPM TRIPLE FLAG 40.31 0.02 0.05 222 -11.62 TSU TRISURA GROUP 43.09 -1.31 -2.95 44 0.87

VET VERMILION ENE 15.27 0.65 4.45 1327 33.71 VZLA VIZSLA SILVE 4.39 -0.09 -2.01 567 -41.62

WSP WSP GLOBAL IN 170.59 -4.18 -2.39 880 -31.36 WCN WASTE CONNECT 243.24 4.50 1.88 737 1.05 WDO WESDOME GOLD 26.24 -0.16 -0.61 388 15.39 WFG WEST FRASER T 93.59 -1.37 -1.44 136 11.46 WN WESTON GEORGE 105.87 -1.37 -1.28 259 11.81 WPM WHEATON PRECI 153.93 -0.64 -0.41 634 -4.60 WCP WHITECAP RESO 16.02 0.42 2.69 4515 39.30

货币 外汇交叉汇率

CAD (加元) USD (美元) AUD (澳元) EUR (欧元) GBP (英镑) JPY (日元) CHF (瑞士法郎)

CAD

0.7119 1.0237 0.6211 0.5328 116.34 0.5798 USD 1.4047 - 1.4380 0.8724 0.7483 163.41 0.8143 AUD 0.9768 0.6954 - 0.6066 0.5204 113.62 0.5665 EUR 1.6098 1.1462 1.6482 - 0.8576 187.29 0.9335 GBP 1.8754 1.3363 1.9218 1.1658 - 218.38 1.0882 JPY 0.0086 0.0061 0.0088 0.0053 0.0046 - 0.0050 CHF 1.7251 1.2277 1.7649 1.0713 0.9190 200.61 -

第 27 页

THURSDAY, JULY 30, 2026 THE GLOBE AND MAIL O B11 体育

T

周三在华盛顿的国家公园球场(Nationals Park)举行的一局比赛中,蓝鸟队外野手 Daulton Varsho 在第一局中,在墙边跃起接住了华盛顿队 Brady House 的击球。蓝鸟队以 5-2 获胜,从而以两局比一赢得了该系列赛。 B13

国际足联主席因凡蒂诺为成员接受库什纳支持的世界杯投资者计划设定截止日期

GRAHAM DUNBAR 瑞士,日内瓦

国际足联(FIFA)主席詹尼·因凡蒂诺(Gianni Infantino)在周三设定了 9 月 19 日的截止日期,要求 211 个成员协会接受一次性 $20-million 报价,作为将世界杯股份出售给私人投资者的项目的一部分。这家由贾里德·库什纳(Jared Kushner)之弟出资的 200 亿美元国际足联子公司遭到了国际足球组织的抨击。欧洲足协(UEFA)计划召集其 55 个成员协会在周四举行一次紧急在线会议。该组织表示,“对国际足联的方案存在显著且日益增加的反对意见。”

这一尝试是由约书亚·库什纳(Joshua Kushner)出资的,他是美国总统 唐纳德·特朗普 的女婿贾里德·库什纳的兄弟。此举也标志着因凡蒂诺最新的一次尝试,旨在与特朗普的圈内人士结盟:通过创建国际足联和平奖,允许特朗普干预导致美国前锋 Folarin Balogun 参加世界杯的进程,而现在则试图让约书亚·库什纳的投资公司与这家总部位于瑞士的非营利足球组织达成一项为期 12 年的所有权协议。

因凡蒂诺在信中阐述了这一“单一且独特的融资机会”,详细说明了他为何想要创建这家 200 亿美元的国际足联子公司——由私人投资者持有 20 per cent 的股份——该子公司将运营该足球组织的各项赛事,如世界杯和世俱杯。美联社看到的信中,因凡蒂诺写道:“作为国际足联主席,我的职责和责任就是向你们,即我们的成员,提供这样一个改变格局的机会。”

这一举措提升了约书亚·库什纳的地位,他长期以来与哥哥贾里德在财务上有所关联。当约书亚·库什纳成立风投公司而不是跟随家族从事房地产业务时,他的哥哥曾是早期投资者和董事会成员。据报道,这对兄弟关系密切,而他们的父亲查尔斯·库什纳(Charles Kushner)获得了特朗普的赦免,目前担任美国驻法国大使。但较年轻的库什纳曾有向民主党捐赠六位数资金的历史,且他的妻子、模特兼企业家 Karlie Kloss 参加了上个月奥巴马总统图书馆的开馆仪式,并在今年早些时候告诉彭博社

[ 蓝鸟队 VS. 国民队 ]

展翅高飞

SCOTT TAETSCH/GETTY IMAGES

她从未见过唐纳德·特朗普。周二披露并由约书亚·库什纳的投资公司 Thrive Capital 支持的该提案,立即引起了因凡蒂诺在欧足联(UEFA)前同事们的愤怒,欧足联表示世界杯“并非由 FIFA 随意出售”。欧洲足球目前的一个选择是威胁抵制 FIFA 的赛事——这一策略曾在 2021 年被采用,当时由欧足联领导的反对势力帮助阻止了因凡蒂诺将世界杯由每四年一届改为每两年一届的计划。FIFA 的私募股权计划是因凡蒂诺在 11 年任期内提出的最新一项宏大计划,在这期间,他似乎日益成为一名在未咨询足球主要利益相关者的情况下就采取行动的执行领导者。之前的计划包括设立 FIFA 和平奖——该奖项在 12 月的世界杯抽签仪式上授予了特朗普——以及在 2018 年试图强行推进一项秘密的 250 亿美元私募股权计划,以创建规模更大且全新的男子赛事。该计划遭到了欧足联的抵制。周三,亚洲以及被称为中北美及加勒比海足联(CONCACAF)的北美地区大陆足球管理机构对这项最新的且此前处于秘密状态的计划表达了担忧。CONCACAF 在一份声明中表示:“我们对缺乏正当程序深表担忧。”总部位于吉隆坡的亚足联(AFC)则表示,“对于如此重要的事情在亚足联成员有机会审查和讨论之前就进入公众视野,我们感到失望。”负责组织自身国际俱乐部和国家队赛事(如欧冠联赛、欧洲冠军杯和美洲杯)的大陆机构,可能会面临来自 FIFA 的威胁,因为 FIFA 希望通过增加男女世界杯和俱乐部世界杯的举办频率并增加参赛球队数量,来提高收入并增加投资者的价值。由 850 名成员组成的具有影响力的欧洲足球俱乐部协会(该协会与欧足联合资管理欧冠联赛)表示,它是“以与大多数全球足球利益相关者相同的方式——在毫无预警的情况下通过媒体——才得知这一提案的”。体育治理学者安托万·杜瓦尔周三建议,引入私人投资者还可能“激励 FIFA 为了增加收入而进一步将世界杯商品化 [例如增加更多补水时间并采取动态定价]”。

一个新联盟标志着

女性职业棒球 零散历史中的 又一个重大时刻

杰伊·科恩(JAY COHEN) 芝加哥

美国近 30 年来首个女性职业棒球联盟即将开启其首个赛季,这标志着该项运动在该国零散历史中的一个重大里程碑。 女性职业棒球联盟(Women’s Pro Baseball League)也是一条可以追溯到这项运动最早期时间线的组成部分。 “女性一直在这个游戏中,”国际女性棒球中心(International Women’s Baseball Center)首席执行官凯特·威廉姆斯(Kat Williams)说。“我们一直参与比赛,一直担任裁判,一直从事教练工作。在 17 世纪最早期关于类似棒球比赛的记载中,参与其中的就是女性。” 接下来的焦点是 WPBL,该联盟将于周六进行首场比赛。联盟在第一年设有四支球队——纽约、波士顿、洛杉矶和旧金山——但每支球队的 15 场常规赛以及季后赛都将在伊利诺伊州春菲尔德的罗宾·罗伯茨体育场(Robin Roberts Stadium)举行。该球场的座位容量为 5,200,且春菲尔德曾于 1875 年 9 月 11 日举办了最早的付费女性比赛之一,当时由“金发女队”(Blondes)对阵“褐发女队”(Brunettes)。 凯尔西·惠特莫尔(Kelsie Whitmore)、莫内·戴维斯(Mo’ne Davis)和佐藤亚美(Ayami Sato)是预期将在该联盟首个赛季参加比赛的知名球员。每支球队将在 7 局制的比赛中派出 15 名活跃球员。 “这太神奇了。这是我们一直希望发生,但不确定是否能很快实现的事情之一,”IWBC 总裁兼美国棒球研究协会(Society for American Baseball Research)女性棒球委员会主席莱斯利·希菲(Leslie Heaphy)表示。“它是恰当的,是必要的,而且是的,令人兴奋。”

WPBL, B13

第 28 页

7 月 30 日

鲨鱼队与塞莱布里尼签署破纪录合同,使其成为 NHL 最高薪球员

中锋已签署一份为期五年、

每赛季价值 $18.8-百万的合同延期

圣何塞鲨鱼队在周三让麦克林·塞莱布里尼 (Macklin Celebrini) 成为 NHL 薪金最高的球员,与其签署了一份为期五年、每赛季价值 18.8-百万美元的合同延期。

这位来自不列颠哥伦比亚省北温哥华的 20 岁球员,超越了本月早些时候利奥·卡尔森 (Leo Carlsson) 与 Anaheim Ducks 签署的五年合同中 18-百万美元的年均价值(该合同源自一份与费城飞翼队的签署报价单)。

在签署这份使其与鲨鱼队绑定至 2031-32 赛季的协议之前,他的三年期、2.925-百万美元的新秀合同还剩一年。

塞莱布里尼上赛季以 115 分(45 个进球和 70 次助攻)在 NHL 得分榜上排名第四,帮助鲨鱼队实现了该特许经营历史上的最大单赛季进步之一。

这位身高 6 英尺、体重 190 磅的前锋在几乎所有进攻类目中都领跑圣何塞,在崛起中的鲨鱼队以 4 分之差未能进入季后赛区的情况下,他参与了球队 46.2% 的进球。

塞莱布里尼比球队中紧随其后的得分手威尔·史密斯 (Will Smith) 多出 56 分,创下了自 1990-91 以来 NHL 球队前两名得分手之间最大的分差。

“今天能签署延期合同我感到无比高兴,”塞莱布里尼在声明中表示。“ [所有者哈索] 普拉特纳 (Plattner)、迈克·格里尔 (Mike Grier) 以及全体员工在过去两个赛季里对我展现的信任和支持,证明了我们在这里正创造一些特别的东西。”

“我的队友和我已准备好向最终目标迈进,那就是为这座城市及其令人惊叹的球迷们带来一座斯坦利杯。我迫不及待想开始了。”

塞莱布里尼还成为了 NHL 历史上继韦恩·格雷茨基 (Wayne Gretzky) 之后,第二位在青少年时期就记录到至少 40 个进球和 70 次助攻的球员。

MLB

美国联盟 国家联盟

东区 胜 负 率 分差 坦帕湾 62 44 .585 — 纽约 61 46 .570 11/2 波士顿 55 51 .519 7 巴尔的摩 53 56 .486 101/2 多伦多 50 59 .459 131/2 中区 芝加哥 55 51 .519 — 克利夫兰 55 54 .505 11/2 明尼苏达 54 54 .500 2 底特律 51 58 .468 51/2 堪萨斯城 45 63 .417 11 西区 德克萨斯 55 52 .514 — 休斯顿 54 55 .495 2 西雅图 53 55 .491 21/2 奥克兰 45 62 .421 10 洛杉矶 42 66 .389 131/2

东区

周三 巴尔的摩 10, 底特律 9, 12 局 德克萨斯 在 坦帕湾 堪萨斯城 在 明尼苏达 纽约洋基 在 芝加哥白袜 休斯顿 在 洛杉矶天使 波士顿 在 奥克兰

周二 底特律 14, 巴尔的摩 0 德克萨斯 4, 坦帕湾 1 明尼苏达 3, 堪萨斯城 2 纽约洋基 3, 芝加哥白袜 2 奥克兰 4, 波士顿 3 休斯顿 3, 洛杉矶天使 2

周四 全部为东部时间 德克萨斯 (Eovaldi 10-8) 在 坦帕湾 (McClanahan 9-6), 下午 12:10 堪萨斯城 (Cameron 5-8) 在 明尼苏达 (Ober 7-3), 下午 1:40 纽约洋基 (Weathers 4-7) 在 芝加哥白袜 (Burke 7-5), 下午 2:10 波士顿 (Gray 12-2) 在 奥克兰 (待定), 晚上 9:40

跨联盟

周三 多伦多 5, 华盛顿 2 克利夫兰 在 辛辛那提 西雅图 在 洛杉矶道奇

周二 华盛顿 8, 多伦多 6 克利夫兰 6, 辛辛那提 5, 第一场 辛辛那提 2, 克利夫兰 0, 第二场 西雅图 7, 洛杉矶道奇 6

周四 全部为东部时间 西雅图 (Miller 4-5) 在 洛杉矶道奇 (Sasaki 4-5), 晚上 10:10

美国联盟领先者

全垒打 Alvarez, 休斯顿, 35; Rice, 纽约, 31; Caminero, 坦帕湾, 29; Buxton, 明尼苏达, 25; C.Montgomery, 芝加哥, 24; Okamoto, 多伦多, 24; Langeliers, 奥克兰, 23; 5 人并列 22。

CORNERED

OFF THE MARK

SPEED BUMP

BIZARRO

圣何塞鲨鱼队中锋麦克林·塞莱布里尼上赛季获得 45 个进球和 70 次助攻,以 115 分排名 NHL 得分榜第四。 塞莱布里尼在 2024 年 NHL 选秀中被选为状元,曾在冬季奥运会上代表加拿大参赛。BRUCE BENNETT/GETTY IMAGES

在赛季中提供助攻。他在哈特奖(Hart Trophy)联盟最有价值球员的投票中排名第四。 这位 2024 年 NHL 选秀的状元在两个 NHL 赛季的 152 场职业比赛中获得了 178 个积分(70 个进球,108 次助攻)。 Celebrini 还代表加拿大参加了 2026 年米兰-科尔蒂纳冬奥会,并在夺得一枚银牌的征途中成为该赛事的最佳得分手。随后,他在去年春季的世界锦标赛上担任国家队队长,并荣获 IIHF 年度最佳男子球员奖项。

东部赛区 胜 负 胜率 落后 亚特兰大 62 45 .579 — 费城 57 52 .523 6 迈阿密 55 54 .505 8 华盛顿 55 54 .505 8 纽约 46 62 .426 161/2

中部赛区 密尔沃基 67 41 .620 — 芝加哥 61 46 .570 51/2 匹兹堡 55 54 .505 121/2 圣路易斯 53 54 .495 131/2 辛辛那提 50 56 .472 16

西部赛区 洛杉矶 67 40 .626 — 亚利桑那 57 52 .523 11 圣迭戈 55 53 .509 121/2 旧金山 46 62 .426 211/2 科罗拉多 42 67 .385 26

周三 迈阿密 8, 费城 6 亚利桑那 3, 匹兹堡 0 纽约大都会 3, 亚特兰大 2, 第一场 旧金山 16, 密尔沃基 3 科罗拉多 访问 圣迭戈 亚特兰大 访问 纽约大都会, 第二场 芝加哥小熊 访问 圣路易斯

周二 迈阿密 1, 费城 0 亚利桑那 8, 匹兹堡 7, 12局 芝加哥小熊 10, 圣路易斯 2 密尔沃基 8, 旧金山 2 圣迭戈 8, 科罗拉多 7 亚特兰大 访问 纽约大都会, 延期

周四 所有时间均为东部时间 芝加哥小熊 (Imanaga 7-8) 访问 圣路易斯 (Pallante 11-6), 下午 2:15 迈阿密 (Perez 5-8) 访问 纽约大都会 (McLean 7- 7), 晚上 7:10 匹兹堡 (待定) 访问 辛辛那提 (Lowder 3- 7), 晚上 7:10 华盛顿 (Irvin 2-4) 访问 亚特兰大 (Holmes 6-4), 晚上 7:15 旧金山 (Ray 9-6) 访问 圣迭戈 (待定), 晚上 9:40 棒球 MLB:纽约洋基队 vs. 芝加哥白袜队, SN Ontario, 东部, 西部, 太平洋, 下午 2 点 MLB:迈阿密 vs. 纽约大都会, SN Ontario, 东部, 西部, 太平洋, 晚上 7 点 MLB:西雅图 vs. 洛杉矶道奇队, SN Ontario, 东部, 西部, 太平洋, 晚上 10 点

CFL

场 胜 负 得分 失分 积分 蒙特利尔 7 6 1 239 204 12 汉密尔顿 7 3 4 167 190 6 多伦多 7 3 4 220 219 6 渥太华 6 0 6 153 213 0 西部赛区

场 胜 负 得分 失分 积分 埃德蒙顿 7 6 1 203 172 12 萨斯喀彻温 6 4 2 204 169 8 温尼伯 7 4 3 185 208 8 卡尔加里 7 3 4 278 244 6 不列颠哥伦比亚 6 1 5 152 182 2 第九周 轮空:多伦多 周四 — 所有时间均为东部时间 不列颠哥伦比亚 访问 温尼伯, 晚上 8:30

周五 蒙特利尔 访问 渥太华, 晚上 7:30

WTA 巡回赛

MUBADALA CITI DC 公开赛

周三 于美国华盛顿特区 奖金:$2,488,125 场地:室外硬地 男子 单打 — 32强赛 亚历克斯·德米瑙 (1), 澳大利亚, 击败 斯特凡诺斯·西西帕斯, 希腊, 6-4, 3-6, 6-3。

单打 — 16强赛 洛伦佐·穆塞蒂 (4), 意大利, 击败 亚历山大·武基奇, 澳大利亚, 6-3, 5-7, 6- 3。 泰勒·弗里茨 (3), 美国, 击败 卡米尔·马伊赫扎克, 波兰, 6-3, 6-4。

双打 — 16强赛 阿里尔·贝哈尔, 乌拉圭, 和 阿尼鲁德· 钱德拉塞卡, 印度, 击败 弗朗西斯科· 卡布拉尔, 葡萄牙, 和 詹姆斯·特雷西, 美国, 3-6, 7-6 (2), 10-8。 法比安·雷堡 和 萨迪奥·杜姆比亚, 法国, 击败 费尔南多·隆博利, 巴西, 和 约翰-帕特里克·史密斯, 澳大利亚, 6-3, 6-4。

女子 单打 — 16强赛 柳德米拉·萨姆索诺娃, 俄罗斯, 击败 王欣瑜, 中国, 6-2, 6-2。 亚历山德拉·埃拉, 菲律宾, 击败 蕾拉· 费尔南德斯 (7), 加拿大, 6-2, 7-6 (1)。 伊丽莎贝塔·科恰雷托, 意大利, 击败 艾玛· 纳瓦罗 (8), 美国, 6-3, 4-6, 6-3。

双打 — 季度决赛 阿尔迪拉·苏齐亚迪, 印度尼西亚, 和 艾琳· 劳特利夫 (2), 新西兰, 击败 阿拉娜· 史密斯 和 克莱维·恩古诺埃, 美国, 6-3, 6-2。 张帅, 中国, 和 詹妮丝·钱 (3), 印度尼西亚, 击败 加藤美 (1994), 日本, 和 吉乌利亚娜·奥尔莫斯, 墨西哥, 4-6, 6-2, 10-0。

季度决赛

体育聚焦

1870 — 蒙茅斯公园赛马场以一场为期五天的赛事开业。 1930 — 乌拉圭在蒙得维的亚举办的首届足球世界杯中,以 4-2 击败阿根廷。 1932 — 第 10 届现代奥运会在洛杉矶开幕。 1961 — 杰里·巴伯在伊利诺伊州奥林匹亚菲尔兹的一场附加赛中,以 1 杆之差险胜唐·詹纳里,赢得 PGA 冠军。 1966 — 英格兰在伦敦温布利球场以 4-2 击败西德,夺得足球世界杯冠军。 1968 — 华盛顿队的罗恩·汉森在 10-1 负于克利夫兰的比赛中完成了一次无需接球的 triple play(三杀)。 1971 — 在 NFL 芝加哥全明星赛中,巴尔的摩小马队以 24-17 击败全明星队。 1976 — 布鲁斯·詹纳在奥运会十项全能中以 8,618 分创下世界纪录,比尼古拉伊·阿维洛夫的纪录高出 164 分。

“在国家冰球联盟以及国际赛场的青少年阶段仅经过两个赛季,麦克林就让自己成为了世界上最顶尖的球员之一,”鲨鱼队总经理迈克·格里尔在声明中表示。“我们非常激动能将他锁定并承诺作为圣何塞一群才华横溢球员的核心。” 鲨鱼队在塞莱布里尼周围拥有一群才华横溢的年轻球员,包括史密斯、2025 年第二顺位选秀球员迈克尔·米萨以及 2026 年第二顺位选秀球员伊瓦尔·斯坦伯格。 圣何塞在休赛期还增加了几名老将,通过交易获得了后卫达内尔·纳斯和迈克尔·凯塞尔林,并通过自由市场签约了后卫雅各布·特鲁巴和前锋梅森·马奇门特。 鲨鱼队自 2018-19 赛季以来一直未能进入季后赛。

加拿大新闻社 (THE CANADIAN PRESS)

MLS

东部联盟

东部联盟

GP W L T GF GA Pt 纳什维尔 17 12 2 3 33 12 39 迈阿密 17 11 2 4 43 30 37 新英格兰 16 9 5 2 26 19 29 芝加哥 16 8 6 2 30 22 26 纽约城市 F.C. 17 7 6 4 30 23 25 夏洛特 17 7 6 4 28 25 25 辛辛那提 17 6 6 5 41 42 23 纽约红牛 17 6 7 4 26 37 22 华盛顿 17 5 5 7 24 27 22 奥兰多 17 6 9 2 28 44 20 哥伦布 17 5 8 4 24 26 19 多伦多 17 3 7 7 23 31 16 蒙特利尔 17 4 10 3 22 33 15 费城 17 3 10 4 22 31 13 亚特兰大 17 3 11 3 17 30 12

西部联盟

西部联盟

西部联盟

GP W L T GF GA Pt 温哥华 16 10 3 3 37 16 33 圣何塞 17 10 4 3 35 20 33 洛杉矶 F.C. 1810 5 3 34 18 33 盐湖城 16 8 6 2 28 24 26 休斯顿 16 8 6 2 23 24 26 达拉斯 17 7 5 5 32 25 26 圣路易斯 17 7 6 4 23 23 25 西雅图 16 7 6 3 19 20 24 明尼苏达 17 6 6 5 19 24 23 波特兰 17 6 8 3 31 32 21 洛杉矶银河 18 5 7 6 24 29 21 圣迭戈 17 5 7 5 31 28 20 科罗拉多 17 6 10 1 26 25 19 奥斯汀 17 4 8 5 22 35 17 堪萨斯城 17 4 11 2 18 44 14

MLS 全明星休赛期 在北卡罗来纳州夏洛特 周三 MLS 全明星队 vs. LIGA MX 全明星队

周二 技巧挑战赛

周五 — 所有时间为东部时间 多伦多 在 纽约城市 F.C.,晚上 7:30

电视节目 周四(所有时间为东部时间)

足球 CFL:BC 狮子队 vs. 温尼伯队,TSN 3, 4, 5 频道,晚上 9 点

高尔夫 LPGA:AIG 女子公开赛,高尔夫频道,凌晨 4 点 PGA:火箭经典赛,高尔夫频道,下午 3 点 PGA Korn Ferry:犹他锦标赛,高尔夫频道,下午 6 点

网球 ATP:Mubadala DC 公开赛,TSN 2 频道,上午 11 点,下午 4:30

NSL

GP W L T GF GA Pt 渥太华 13 10 2 1 30 15 31 多伦多 13 6 4 3 18 13 21 蒙特利尔 13 7 3 3 24 13 24 哈利法克斯 13 5 6 2 15 12 17 温哥华 13 5 7 1 20 30 16 卡尔加里 13 0 11 2 9 33 2

周三 蒙特利尔 在 温哥华

周二 多伦多 1 卡尔加里 0

8 月 1 日,周六 所有时间为东部时间 多伦多 在 卡尔加里,下午 4 点

CPL

GP W L T GF GA Pt 汉密尔顿 13 11 1 1 23 8 34 卡尔加里 14 9 2 3 25 8 30 渥太华 14 6 5 3 22 25 21 温哥华 14 6 6 2 21 15 20 哈利法克斯 15 4 7 4 20 24 16 魁北克 13 4 7 2 19 25 14 多伦多 12 3 5 4 15 25 13 维多利亚 13 0 10 3 15 30 3

注:胜场得三分,平局得一分。 周三-周四 无预定赛事。

周二 卡尔加里 2 魁北克 1

周五 所有时间为东部时间 魁北克 在 维多利亚,晚上 10 点

加拿大俱乐部足球锦标赛 (CANADIAN CLUB SOCCER CHAMPIONSHIP)

第二回合 8 月 11 日,周二 所有时间为东部时间 渥太华竞技 (CPL) 在 魁北克 Supra (CPL),晚上 7 点 (魁北克 Supra 以 3-2 领先总比分)

2026 Commonwealth Games (英联邦运动会)

奖牌榜

地点:苏格兰格拉斯哥 截至周三赛况 国家 金 银 铜 总计 澳大利亚 47 21 35 103 英格兰 12 27 17 56 加拿大 14 11 14 39 苏格兰 9 7 7 23 南非 6 8 8 22 印度 3 9 3 15 威尔士 2 5 8 15 尼日利亚 7 5 2 14 新西兰 3 7 4 14 马来西亚 6 2 3 11 北爱尔兰 1 2 4 7 肯尼亚 2 2 2 6

WNBA

胜 负 胜率 分差 印第安纳 18 10 .643 — 亚特兰大 16 10 .615 1 纽约 16 12 .571 2 华盛顿 15 12 .556 21/2 多伦多 10 17 .370 71/2 芝加哥 9 18 .333 81/2 康涅狄格 7 21 .250 11

胜 负 胜率 分差 明尼苏达 23 6 .793 — 拉斯维加斯 19 8 .704 3 金州 19 8 .704 3 达拉斯 18 9 .667 4 波特兰 11 17 .393 111/2 洛杉矶 10 17 .370 12 菲尼克斯 10 18 .357 121/2 西雅图 6 24 .200 171/2 周三 亚特兰大客场对阵达拉斯 金州客场对阵菲尼克斯

周二 华盛顿 92, 康涅狄格 84 明尼苏达 100, 多伦多 93 印第安纳 105, 西雅图 95 拉斯维加斯 98, 波特兰 83 纽约 113, 洛杉矶 109

周四 时间均为东部时间 康涅狄格客场对阵芝加哥, 晚上 8 点 明尼苏达客场对阵多伦多, 晚上 8 点 纽约客场对阵拉斯维加斯, 晚上 10 点

WNBA 得分榜 截至 7 月 28 日周二比赛 出场次数 投篮 罚球 总分 平均分 A. Wilson, LV 25 231 166 654 26.2 K. Mitchell, Ind 28 228 123 657 23.5 C. Clark, Ind 24 160 131 515 21.5 B. Stewart, NY 27 193 167 577 21.4

CEBL 东部联盟

出场次数 胜 负 胜率 分差 x-斯卡堡 22 18 4 .818 — 布兰普顿 21 10 11 .476 71/2 尼亚加拉 22 10 12 .455 8 蒙特利尔 23 10 13 .434 81/2 渥太华 22 9 13 .409 9

出场次数 胜 负 胜率 分差 x-温哥华 23 14 9 .609 — x-温尼伯 22 13 9 .591 1/2 x-萨斯卡通 21 10 11 .476 3 x-埃德蒙顿 22 9 13 .409 41/2 卡尔加里 22 7 15 .318 61/2 周三 尼亚加拉客场对阵萨斯卡通

周二 蒙特利尔 87 温哥华 82

周四 时间均为东部时间 蒙特利尔客场对阵布兰普顿, 晚上 7:30

结果截至周三 7 月 29 日晚上 9:30

第 29 页

温哥华选择由房地产开发商领导的团体

作为 MLB 扩张申请的合作伙伴

该团体的提案重点在于 一座新球场和综合用途开发项目, 但尚未公布具体选址

温哥华市政府已选择由温哥华房地产开发商 Zack Ross 领导的团体作为其首选合作伙伴,以寻求获得一个大联盟棒球 (MLB) 的扩张特许经营权。 Ross 是温哥华房地产开发公司 Cape Group 的总裁,他领导着 The Show Vancouver (TSV),这是一个旨在为该市引进一支 MLB 球队的团体。 该团体的提案重点是一座新球场和综合用途开发项目,尽管尚未公布选址。该团体也未披露项目的预计成本、预计的经济影响或项目的融资方式。 Ross 在一份声明中表示,温哥华“是世界上伟大的城市之一,我们配得上一支大联盟棒球队。” 市长 Ken Sim 在今年春天启动了一项意向表达程序,旨在寻找一个具有财务能力和经验、能够推进 MLB 申请的合格所有权团体。

Yesavage 和 Okamoto 率领蓝鸟队

在对阵国民队的系列赛中赢得冠军

华盛顿

Trey Yesavage 在 6 2⁄3 局中仅失一分,Kazuma Okamoto 5 次击球 3 次命中,贡献 2 次打点和 2 分,多伦多蓝鸟队在周三以 5-2 击败了华盛顿国民队。 蓝鸟队在系列赛中的战绩提高至 13-18-4,并以 3-3 的成绩完成了这次六场客场之旅。 Yesavage (5-5) 记录了 4 次三振和 3 次保送。这位 23 岁的新秀在过去五场比赛中完成了他的第三次高质量先发。

国际足联就世界杯决赛冲突及“马尔维纳斯”横幅指控阿根廷

国际足联 (FIFA)

国际足联在周三对两名阿根廷球员提起纪律指控,原因是他们在世界杯决赛结束后立即袭击了西班牙对手;同时指控阿根廷足球协会,因为球员在半决赛击败英格兰后展示了一条关于福克兰群岛(马尔维纳斯群岛)的政治横幅。 国际足联针对阿根廷启动的纪律案件名单还包括球迷的“歧视性欢呼和手势”、一名助理教练在决赛后涉嫌袭击,以及在世界杯多场比赛中“观众投掷物品”的行为。

WPBL:联盟在寻求销售门票和周边商品的同时,在社交媒体上大肆宣传

来自 B11

来自 B11

虽然女性从棒球运动诞生之初就与此结缘,但第一个职业女性联盟是全美女子职业棒球联盟 (All-American Girls Professional Baseball League)。该联盟在电影《她们的联盟》(A League of Their Own) 中被永恒纪念,运行时间为 1943-54 年。

AAGPBL 始于第二次世界大战期间,最初是一个垒球联盟,随后转为棒球。Jean Faut、Doris Sams 和 Dottie Kamenshek 曾是该联盟最优秀的球员。Maybelle Blair 在 1948 年担任 AAGPBL 的投手,目前在 WPBL 的顾问委员会任职。

“在最初成立时,它从未打算在 1945 年之后继续运行,但事实上它一直持续到 1954 年,我认为这说明了它的重要性,”肯特州立大学-斯塔克分校 (Kent State-Stark) 的副教授 Heaphy 说道。

“这体现了参与者的决心,而且我认为它充分说明了球迷的兴趣。”

在 AAGPBL 停止运营后,又过了 40 年——在《她们的联盟》获得票房成功之后——

MLB 总裁 Rob Manfred 在 10 月告诉 Sportsnet,当被问及在温哥华增加一支球队时,他在联盟中增加另一个加拿大城市是可行的。

该联盟尚未宣布扩张计划,尽管 Manfred 此前曾表示,他希望 MLB 在他计划于 2029 年退休前,球队数量能从 30 支增加到 32 支。

该市表示,市议会已指示工作人员与 The Show Vancouver 签署一份谅解备忘录,以建立合作框架,“包括对潜在球场选址进行尽职调查”。

“TSV 将负责与准备和推进其 MLB 竞标相关的所有成本和财务风险,”该市表示。

市府补充说,在探索潜在的扩张竞标时,该市将与 TSV 协作,任何未来的项目协议(包括选址和土地使用决定)都将由市议会批准。

BC Place 体育场在 1984 和 1994 年之间举办了多次大联盟棒球表演赛,参与球队包括多伦多蓝鸟队、西雅图水手队和蒙特利尔 Expos 队。

然而,在 2011, 完成的一项 $500-million 翻修工程,包括一个中心悬挂的

并将他的防御率 (ERA) 降低至 3.73。

国民队 (The Nats) 首先得分,得益于 Jacob Young 在第四局击出的打点二垒安打。

Ernie Clement 在第六局击出打点二垒安打,帮助 George Springer 得分;Daulton Varsho 在第七局击出单打,将 Okamoto 送回本垒。

Okamoto 在第八局通过一支两分二垒安打增加了保险分,Springer 则又通过一次单打增加了一分。

华盛顿队在第八局一出局时填满了垒包,一度威胁要反超比分,但 Louis Varland 登场并化解了危机。

阿根廷中场 Leandro Paredes 因在西班牙 7 月 19 日以 1-0 获胜后的赛后冲突中面临三项袭击指控,后卫 Nahuel Molina 面临两项指控,教练 Roberto Ayala 面临 1 项指控。

Molina 和 Thiago Almada 还被指控行为不端,西班牙球员 Gavi 也面临同样的指控。

阿根廷球员在半决赛 2-1 击败英格兰队后,携带了一条印有口号 “Las Malvinas son Argentinas” —— “马尔维纳斯群岛是阿根廷的” 的横幅。

阿根廷将福克兰群岛 (Falkland Is-

记分牌和缆索支撑的可伸缩屋顶,消除了该体育场举办棒球赛的能力。

The Show Vancouver 正在与 BRS Sports 合作,后者是一家体育营销和分析公司,其负责人包括前 NHL 高管 Jac Sperling、体育场馆顾问 Tim Romani 和丹佛房地产高管 Ray Baker。

该团队表示,已聘请球场建筑公司 Populous、项目管理公司 CAA Icon 以及建筑设计公司 Gensler 来协助制定提案。

该团队的公告包括大温哥华贸易委员会主席 Bridgitte Anderson 和前不列颠哥伦比亚省省长 Mike Harcourt 的支持。

温哥华目前是温哥华加拿大人队(Vancouver Canadians)的所在地,该队是蓝鸟队的单 A 附属球队,在拥有 6,500 个座位的 Nat Bailey 体育场比赛。

“在温哥华设立 MLB 将向世界展示我们城市的全球特质,”Ross 说道,“但首先,这是一个社区资产,我们将始终担任其管理人。”

加拿大新闻社 (THE CANADIAN PRESS)

Varland 在第九局投出了无失分,完成了他的第 23 次救援成功。

对于国民队(Nats)而言,James Wood 2-for-3,Luis García Jr. 在第八局打入一分。先发投手 Luke Littell 投了 42⁄3 局,允许 4 次安打,并有 2 次三振。Orlando Ribalta (0-2) 在接力投手中承担了败仗。

蓝鸟队将在周四休息,随后主场迎战红雀队。右投手 Kyle Leahy (7-4, 3.55 ERA) 将为圣路易斯队先发。多伦多队尚未公布先发名单。

美联社 (THE ASSOCIATED PRESS)

美联社 (THE ASSOCIATED PRESS)

被称为马尔维纳斯群岛 (Islas Malvinas)。这些岛屿在 1982 年在当时阿根廷军事独裁政权的命令下被入侵,引发了由英国获胜的为期 10 周的战争。

英国政府官员敦促国际足联 (FIFA) 展开调查,该足球管理机构周三表示,正式指控为“利用体育赛事进行非体育性质的示威活动”。

国际足联表示,所有被指控的人员“现在均已获得陈述其立场的机会,随后国际足联纪律委员会将在适当时候做出决定”。

美联社 (THE ASSOCIATED PRESS)

在对职业女子棒球的兴趣重新出现之前。

从 1994-97, 名人堂投手 Phil Niekro 管理着一支全女性职业球队——科罗拉多银色子弹队 (Colorado Silver Bullets),该队在全国巡回比赛,面对男业余和半职业球队。女子职业棒球联盟 (Ladies Professional Baseball League) 在 1997 和 part of 1998 运行后解散。该联盟最初设在美国西南部,随后扩展到纽约州和新泽西州。前大联盟强力击球手 Bobby Bonds 和 George Foster 曾参与另一个短命的联盟。

挺进

半决赛

加拿大的中后卫 Aurora Cordingley 在周三于东京 Oi 冰球场举行的 2026 年世界女子 lacrosse 锦标赛加拿大对阵日本的四分之一决赛中,与队友庆祝进球。加拿大队以 5-4 获胜。

TAKASHI AOYAMA/GETTY IMAGES

20 世纪 90 年代中期在佛罗里达州。女子棒球世界杯于 2004 年启动,并将于 2027 年第 11 次举行。日本在前两届比赛中均屈居于美国之后获得亚军,随后赢得了最后八届世界杯冠军。

根据棒球名人堂的记录,裙子曾是 AAGPBL 球员制服的一部分,且她们被要求参加魅力学校。当时强调女性特质和“淑女”行为。

WPBL 遍布社交媒体,在通过社交媒体销售门票和商品的 过程中,详细介绍了其球员的背景。

“我们知道在 40 年代和 50 年代这是事实,那时人们倾向于因为地点而关注球队,然后才是球员。现在他们关注的是球员,对吧?这就是人们现在的做法,”Heaphy 说道。

“所以我认为在提高意识的问题上,这两个联盟都意识到了这一点。”

芝加哥广告执行官 Arthur Meyerhoff 在 AAGPBL 的创建和运营中发挥了重要作用。

如果 FIFA Forward Enterprise 子公司获得 211 名成员中的多数通过,他们还将每人获得与 2030 年男子世界杯相关的四年商业周期中 $20-million 的资金。因凡蒂诺写道,这将引导“一个多样化的国际投资者池”加入,由 Joshua Kushner 的 Thrive 作为主投资方:“这一过程将由摩根大通引导。”他的信中指出,如果因凡蒂诺的计划被否决,这些成员将在接下来的四年中获得之前承诺的 $10-million。周三向 FIFA 成员提供的现金差异似乎是 12 年内 $86-million,而拒绝私募股权交易的现有承诺资金约为 $36-million。欧足联(UEFA)表示,要求认领首笔 $20-million 的仓促截止日期“说明了关于该计划你所需知道的一切”。“FIFA 不能继续利用我们的运动来让自己及其朋友致富。”

数十个成员协会通常依赖 FIFA 的资金,其国家队几乎没有现实机会通过世界杯预选赛,且其最佳球员极少(如果有的话)加入在最高级别国际赛事中比赛的俱乐部。FIFA “一个成员,一票”的民主制度意味着,球场上最强大的足球国家可能会被那些极少参加顶级比赛的国家投票击败。

FIFA 的计划遭到了英国首相 Andy Burnham 的迅速反对,他的政府正准备支持在英格兰、苏格兰、威尔士和爱尔兰举办 2035 年女足世界杯。FIFA 将在 11 月的一次在线会议上确认 2035 年的唯一投标方案。长期足球迷 Burnham 在 Instagram 的一段视频信息中表示:“足球不属于投资者。一旦你出售了[世界杯]的一部分,你就背叛了。足球属于球迷。它一直如此,也将永远如此。”

英国立法者的抵制——包括时任首相 Boris Johnson 在 2021 年威胁通过立法——此前曾帮助阻止了极具分歧的欧洲超级联赛项目,该项目曾是对欧足联冠军联赛的生存威胁,而因凡蒂诺曾对此暗中支持。

因凡蒂诺似乎正顺风顺水地竞选连任,将无人竞争地担任第四任且最后一任 FIFA 主席直至 2031.。候选人报名截止日期为 Nov. 18,选举计划于明年 3 月 18 日在摩洛哥拉巴特举行。

第 30 页

A

埃德蒙顿麋鹿队的科迪·法哈多(Cody Fajardo)成为 2017 年以来首位在单场比赛中传球码数超过 500 码的 CFL 四分卫。在上周 36-34 击败萨斯喀彻温骑士队的比赛中,法哈多贡献了 510 码传球和 4 次达阵。KAYLE NEIS/THE CANADIAN PRESS 麋鹿队寻求主客场双杀骑士队

C

加拿大通讯社 (THE CANADIAN PRESS)

狮子队在前往温尼伯之际 启用新秀 四分卫萨尔特 (Salter)

DAN RALPH

科迪·法哈多和埃德蒙顿麋鹿队在周六晚上将面临巨大的压力。 上周,法哈多传球 510 码(职业生涯最佳纪录)并贡献 4 次达阵,带领埃德蒙顿队 (6-1) 在客场以 36-34 惊险战胜萨斯喀彻温骑士队 (4-2)。两支球队将在联邦体育馆再次交手。 法哈多成为 2017 年以来首位在单场比赛中传球达到 500 码的 CFL 四分卫。面对卫冕灰杯冠军,麋鹿队还累计获得了 526 码的净进攻码数,但仍需依靠文森特·布兰查德 (Vincent Blanchard) 在比赛最后一刻完成的 57 码射门才夺得连续第三场胜利。 接球手奥斯汀·麦克 (Austin Mack) 同样表现出色。他记录了 4 次接球,获得 173 码,并完成 2 次达阵——其中包含下半场的 57 码和 81 码接球;与此同时,队友 T.J. 卢瑟 (T.J. Luther) 记录了 10 次接球,获得 157 码。 萨斯喀彻温队的防线在对阵贾斯汀·兰金 (Justin Rankin) 时表现良好,将埃德蒙顿队这名爆发力强的跑卫限制在 12 次携带中仅 39 码冲球(平均 3.3 码)。此外,他们还完成了 3 次擒杀。 骑士队首发球员特雷弗·哈里斯 (Trevor Harris) 传球 36 次中命中 26 次,传球码数 386 码,贡献 4 次达阵和 1 次被截截球。基安·谢弗-贝克 (Kian Schaeffer-Baker) 完成 8 次接球,获得全场最高的 186 码以及一次达阵,萨斯喀彻温队的进攻方在 23 次二档机会中成功转换了 13 次。 但骑士队可能会失去 A.J. 奥莱特 (A.J. Ouellette),他在 12 次携带中冲球 52 码后因膝盖受伤离场。 萨斯喀彻温队的防线在进入上周比赛时是 CFL 最强的防线之一。其在限制对方进攻码数方面排名第一(354.2

Josh Allen 在 Bills 球队在新教练 Joe Brady 指导下开启训练营之际倡导变革

约翰·沃夫罗 (JOHN WAWROW) 匹兹福德,纽约州

周三,当乔什·艾伦 (Josh Allen) 开始为布法罗比尔队 (Buffalo Bills) 新的备用“镍城” (Nickel City) 球衣进行辩护时,这位四分卫进而将话题转向了一个更宏大的论点:接纳变革。

对于 30 岁的艾伦来说,这是一个他必须在个人生活(今年春季成为一名新父亲)和职业生涯(本次休赛期)中都得接受的概念。这位进入第九个赛季的球员,在 Joe Brady 的执教下开启了他的首个 NFL 赛季,同时球队正准备搬入一座价值 21 亿美元 ($2.1-billion) 的新体育场。

他说,同样的态度也应该适用于那些在过去几天里通过社交媒体批评布法罗本周首次亮相的蓝盔灰球衣的人。

“伙计们,别再讨厌这些球衣了,”艾伦在比尔队开启训练营后说道。

“这是一个新造型。我明白这一点。但我们必须焕然一新。我认为这些球衣在某种程度上象征着这一点,”他补充道。“我明白人们想要旧球衣、旧头盔之类的东西。但在某个时刻,我们也在前进。我们必须向前迈进,尝试一些新东西。”

比尔队在人们熟悉的极高期待中开启了训练营,但采用了完全不同的新方法。现在压力来到了 Brady 身上,这位 36 岁的教练在进入本赛季时,是 NFL 最年轻的——

每场比赛码数),传球码数 (266.6),进攻端达阵数 (11) 以及允许的达阵传球数 (4),并且仅允许了全联盟最低的 3 次 30 码以上完球。

在上周的比赛后,萨斯喀彻温队 (Saskatchewan) 在净进攻码数允许量 (382.8) 中掉至第六,在防传球方面 (307.2 码) 掉至第五,在 30 码完球数 (7 次) 中排名第二。但该队在允许的传球达阵数 (8 次) 最少以及允许的进攻达阵数 (15 次) 最少方面仍排名第一。

萨斯喀彻温队主教练 Corey Mace 兼任防守协调员。毫无疑问,必要的调整将及时在周六的比赛前完成。

埃德蒙顿队 (Edmonton) 主场战绩为 3-0,而萨斯喀彻温队客场战绩为 2-0。这场比赛至关重要,因为如果获胜,将使 Elks 队赢得赛季系列赛,并且在两队赛季结束时战绩平手的情况下赢得决胜局。

埃德蒙顿队上一次在主场取得 4-0 开局是在 2019 年,上一次在赛季系列赛中击败萨斯喀彻温队是在 2016 年。

预测:萨斯喀彻温队

B.C. 狮子队 (B.C. LIONS) 对阵 温尼伯蓝色轰炸机队 (WINNIPEG BLUE BOMBERS) (周四之夜)

在温尼格,新秀 Kaidon Salter 将为 B.C. 队 (1-5) 首发。Chase Brice 在上周 26-12 负于多伦多的比赛中,完成了 25 次传球中的 14 次,获得 163 码,这是他的首次 CFL 首发,随后 Salter 在接替出场中完成了 15 次传球中的 9 次,获得 121 码。

Salter 在利伯蒂大学 (Liberty University) 的四分卫教练兼进攻协调员是前 CFL 主教练兼名人堂四分卫 Kent Austin。Salter 在 2025 年在科罗拉多大学取代了 Shedeur Sanders。

Dru Brown 将为轰炸机队 (4-3) 连续第四次首发;在上周 52-30 主场负于卡尔加里队的比赛中,他投出了 4 次拦截。Brady Oliveira 尽管在对阵 Stamps 队的第四节中被低估,但仍跑出了赛季最高的 128 码并完成了两次达阵。

预测:温尼伯

任主教练,旨在监督一支才华横溢但此前在肖恩·麦克德莫特(Sean McDermott)执教的九年里一直未能进入超级碗(Super Bowl)的球队。

这次教练变动发生在 1 月,就在布法罗在 AFC 分区赛中以 33-30 的比分在加时赛负于丹佛且再次崩盘几天之后。这场失利,以及艾伦(Allen)在赛后新闻发布会上含泪的发言,成为了老板特里·佩古拉(Terry Pegula)认为比尔队已经触碰到“所谓的季后赛之墙”的最后一根稻草。

尽管布雷迪(Brady)为这家连续七个赛季进入季后赛的球队带来了改变,但由于他在之前两年多时间里担任布法罗的进攻协调员,他也体现了一定程度的连续性。

布雷迪在强调这是一个新开始时,将熟悉感和过去抛之脑后。

“这对每个人来说都是第 1 年。就像我告诉球队的那样,我们以前从未经历过这种情况,对吧?”布雷迪说。“这次训练营将与我们以往经历的任何一次都不同。这并不是说我们之前所做的任何事情是错误的。只是我需要队员们理解这种方法,我们不能假设任何事情。”

这包括对球队成为季后赛竞争者的任何初步预期:“我们还没赢得过任何该死的东西,”他说。

艾伦及其进攻组将基本原样回归,该进攻组去年在总码数上排名第四,并在 NFL 冲球码数方面领先。

比尔队发生最显著变化的是防守端。

蒙特利尔铝鸟队 VS. 渥太华红黑队(周五晚上)

在渥太华,红黑队(0-6)在休赛后及时回归,以面对势头强劲的铝鸟队(6-1,四连胜)。在两队本赛季之前的交手中,蒙特利尔在莫尔逊体育场(Molson Stadium)以 37-35 获胜。对主队来说,好消息是其六场失利中有三场的分差在 5 分或以下,包括 7 月 19 日在 TD 广场以 36-34 负于温尼伯。

铝鸟队刚经历了一个短周(周日主场 31-18 击败汉密尔顿),在那场比赛中,首发球员戴维斯·亚历山大(Davis Alexander)连续六场 300 码传球的纪录终结。也许他们会因为过度关注下周与埃德蒙顿的对决而掉以轻心。但即便如此,可能性也不大。

预测:蒙特利尔

卡尔加里牛仔队 VS. 汉密尔顿虎猫队(周六下午)

在汉密尔顿,虎猫队(3-4)上周的表现有很多亮点。以赛亚·伍登(Isaiah Wooden)完成了一次弃踢回攻达阵,防守端表现稳健,加拿大四分卫特雷·福特(Tre Ford)表现尚可,球队在进入第四节前以 18-17 领先。

但福特的拦截帮助蒙特利尔在该节中以 14-0 领先客队,同时积累了 167 码的冲球码数。卡尔加里(3-4)在面对温尼伯时爆发了 52 分,前虎猫队球员泰雷克·麦卡利斯特(Tyreik McAllister)成为首位在单场比赛中同时完成冲球、接球和回攻达阵的 CFL 球员。

小维农·亚当斯(Vernon Adams Jr.)投出了 CFL 最高 20 次达阵传球且零拦截,而德里克·米尔斯(Dedrick Mills,584 码,平均 6.1 码)是联盟的冲球领跑者。

预测:卡尔加里

上周:3-1 总体:16-14

该部门现在由首次担任 NFL 协调员的吉姆·莱昂哈德 (Jim Leonhard) 监督,他正寻求建立更具攻击性的身份,并将系统切换为 3-4 阵型。布法罗队在上赛季 11 名防守首发球员中仅有 6 人回归。

新加入的成员包括经验丰富且打球强硬的安全卫 C.J. 加德纳-约翰逊 (C.J. Gardner-Johnson)。

“我认为这里现在的标准就是获胜。冠军和获胜,”加德纳-约翰逊说。“每个人都明白发生了什么。我们是一支过于强大的球队,不能失败。就这么简单。”

布雷迪 (Brady) 对训练营最初的调整包括提前练习时间,训练开始时间为上午 8:30,而麦克德莫特 (McDermott) 时期则是上午 9:45。比尔队 (Bills) 的训练节奏也更快,在 90 分钟内完成了第一次练习。

“这是我在这里的 4 年来第一次在规定时间内完成,所以这很不错,”中锋康纳·麦戈文 (Connor McGovern) 说道。“这么早来到这里很好。现在 10 点,你已经完成了当天最艰苦的体能部分。”

布雷迪拒绝让持续的小雨影响他的心情,实际上他非常欢迎这场雨。

“谁说这是糟糕的一天?这是美式足球,”布雷迪说。“这太完美了。第一天,8:30 练习,下着雨。这就是我想要的。这必须是一个艰苦的训练营。……你应该希望它是困难的。这不应该是仅仅为了好玩。”

KC 助理教练

Bieniemy 在妻子枪击事件后 留在家人身边

DAVE SKRETTA 密苏里州圣约瑟夫报道

堪萨斯城酋长队周三进行了训练营首次全队训练,进攻协调员 Eric Bieniemy 缺席。在经历上周末其妻子在弗吉尼亚州家中被枪击(据称凶手是他们的儿子)后,他仍与家人在一起。主教练 Andy Reid 在训练后表示,Mia Bieniemy 已从重症监护室出院,此前她因多处枪伤在那里接受治疗。但目前还没有 Eric Bieniemy 何时返回球队的时间表。“她的情况在好转,”Reid 说,“所以我们对此感到高兴。”

该夫妇 27 岁的儿子 Elijah Zion Bieniemy 因与周日晚间的枪击事件有关而被逮捕。他被指控恶意伤害、在实施重罪过程中使用枪支以及在住宅内开火,周三被关押在劳登县成人拘留中心,不得保释。Elijah Bieniemy 的动议听证会定于周四。他的初步听证会日期为 8 月 31。

Eric Bieniemy 今年早些时候回到了堪萨斯城,他在那里作为助理教练取得了最大的成功。在 2023 年离开并加入华盛顿指挥官队之前,他在球队三次进入超级碗并赢得其中两座冠军的过程中起到了关键作用,当时他希望丰富自己的简历,以期获得主教练职位。不过,Bieniemy 是 Ron Rivera 团队的一员,该团队在那个赛季结束后被解雇。他在加州大学洛杉矶分校 (UCLA) 担任了一赛季的进攻协调员,上赛季则在芝加哥熊队负责指导跑卫。

考虑到 Bieniemy 正试图跟进 Reid 过去几年在战术本上所做的任何更改,他缺席训练营的时长值得关注。但球队在训练营这个重要阶段即使没有他也能正常推进,具备独特的优势。球队不仅在教练组方面具有连续性,而且在进攻端拥有资深领导者。传球游戏协调员 Joe Bleymaier 已在队中效力十年,被广泛认为是该领域的明日之星,他承担了 Bieniemy 的许多职责。其他职责则由资深进攻线教练 Andy Heck 承担,自 2012 赛季后 Reid 组建最初的堪萨斯城教练组以来,Heck 一直担任该职。

此外,Reid 在运行进攻方面拥有极大的话语权。虽然他会听取协调员的大量建议,但最终在比赛日决定战术的人是 Reid,且四分卫 Patrick Mahomes 也会听从他的意见。至于这位刚接受左膝重建手术的两届 MVP,Mahomes 对堪萨斯城进攻体系的了解程度仅次于他的主教练。再加上近端锋 Travis Kelce、进攻线球员 Creed Humphrey 和 Trey Smith,以及接球手 Rashee Rice 和 Xavier Worthy 等资深球员,场上拥有丰富的经验。“我们能够在这里继续推进,”Reid 说。

与此同时,Mahomes 在周三训练营首次进行的 7 对 7 和 11 对 11 练习中表现出色,尽管球员们在接下来的几天内仍不会穿护具。在一次进攻中,他将球快速传向两名防守队员之间,交给 Kelce,在红区内获得可观的推进。

“就力量、举重之类的事情来看,我觉得自己比以往任何时候都强壮,”Mahomes 说,“所以现在关键是掌握四分卫的技巧,比如在口袋区域快速移动——做出那些快速动作——以及反应和处理这类事情。”

“我觉得我之前没有发挥出最佳状态...”

“在我受伤之前,去年年底我还在这项足球运动中,”他补充道。“我必须找到提高自己的方法,比如在口袋区(pocket)的走位、更好地运行进攻战术、更快地将球传出并让队友完成得分。所以我认为这次受伤在某种程度上帮我专注于这些细节,让我逐渐找回自我。”

Page 31

加拿大选手莎拉·米顿(Sarah Mitton)在周三于苏格兰格拉斯哥举行的 2026 年 Commonwealth Games(英联邦运动会)女子铅球决赛中进行投掷。她以 19.88 米的成绩获得金牌。PHIL NOBLE/REUTERS

米顿卫冕英联邦运动会

铅球冠军

来自新斯科舍省

布鲁克林的两届奥运选手 以两米之差赢得该项目冠军

加拿大的莎拉·米顿在周三的英联邦运动会上成功卫冕了她的女子铅球冠军头衔。

这位来自新斯科舍省布鲁克林的 30 岁选手在第五次尝试中投出了 19.88 米的获胜成绩,以超过两米的优势夺金。

“我非常自豪,”米顿告诉加拿大田径协会(Athletics Canada)。“每次进入体育场,都有可能事情不尽如人意,而你必须尽一切努力让梦想成真。”

“今晚能够站在领奖台上,成为两届英联邦运动会冠军,对我来说非常特别。”

尼日利亚的杰西卡·奥吉(Jessica Oji)获得银牌,牙买加的劳埃德里西亚·卡梅伦(Lloydricia Cameron)获得铜牌,两者的投掷成绩均为 17.87。奥吉凭借其 17.70 米的更佳次佳成绩获得第二名。

米顿曾代表加拿大参加过去两届夏季奥运会,她同时也是两届世界室内冠军以及 2023 年世界银牌得主。

周三早些时候,亚历克斯·贝尔马雷(Alex Bellemare)在男子 94 公斤级举重项目中夺得银牌。这位来自魁北克省拉萨尔(La Sarre)的 28 岁选手在抓举中以 159 公斤创下了英联邦纪录,随后在挺举中举起 187 公斤,总成绩为 346 公斤。

Sauvageau 被任命为加拿大女子冰球总经理

卡尔加里

加拿大冰球协会(Hockey Canada)正寻求一位熟悉的面孔来领导其下一代女子队伍,于周三任命 Daniele Sauvageau 为总经理。

这位 64 岁的冰球名人再次担起她曾在 2002 年盐湖城奥运会上作为加拿大首支夺金女子队总经理及教练时所承担的角色。此次任命是在 Sauvageau 5 月作为蒙特利尔胜利队(Montreal Victoire)总经理赢得 PWHL 沃尔特杯(Walter Cup)之后。

Sauvageau 与加拿大冰球协会的合同将持续至 2030 年在法国举行的奥运会。在全职加入加拿大冰球协会并协助指导女子 18 岁以下及发展队之前,她将在下一个赛季继续担任胜利队的职务。

“加入加拿大冰球协会担任国家女子计划总经理是一项荣幸,”Sauvageau 表示。“能够与该国最优秀的女子冰球运动员和工作人员一起,为 2030 年冬奥会做准备,是一个绝佳的机会。我们的目标是在沿途的每一次机会中都展现出最顶尖的水平。”

Sauvageau 接替了 Gina Kingsbury,后者的合同在八个赛季后未获续签。她的首要任务之一是在 Troy Ryan 今年春季决定在任职六年后面不续约后,聘请一名新教练。

此次变动发生在加拿大在 2 月的米兰奥运会金牌决赛中负于美国而获得银牌之后。预计加拿大人还将进入一个过渡阶段,亟需注入年轻人才,以替代预计在 2030 年前退役的多名资深球员。

在这些年长的球星中,包括 35 岁的队长 Marie-Philip Poulin,她尚未决定自己的未来。

与此同时,美国已经完成了向年轻化的过渡,其奥运名单中包含了七名仍在大学就读的球员。


猛龙队将在魁北克市和温哥华举行季前赛

多伦多猛龙队将在其 NBA 季前赛的一部分中,在魁北克市和温哥华举行比赛。

联盟周三宣布,多伦多队将于 10 月 3 日在魁北克市的 Videotron Centre 与迈阿密热队进行 NBA 在魁北克市的首场季前赛。

随后,猛龙队将于 10 月 10 日在温哥华的罗杰斯竞技场(Rogers Arena)对阵洛杉矶快剪队。

这家 NBA 俱乐部还宣布将举行训练。


马来西亚的 Mohamad Syahmi Bin Nor-Ghazali 在挺举中创下 197 公斤的奥运纪录,最终以 347 分的总成绩夺金。澳大利亚的 Oliver Riley Saxton 以 336 分获得铜牌。来自魁北克省 Ste-Marie-Madeleine 的 Rose Beaudoin 在女子 86 公斤级项目中获得铜牌,为加拿大赢得当日第二枚举重奖牌。

Beaudoin 在抓举中举起 103 公斤,挺举 127 公斤,总成绩 230 公斤。

在加拿大男子 3x3 轮椅篮球队以 19-9 战胜东道主苏格兰队夺得铜牌的比赛中,Reed De’Aeth 贡献了全场最高 9 分,以及 4 个篮板和 5 次助攻。Garrett Ostepchuk 贡献了 5 分,2 个篮板和 3 次助攻。

“我认为在心态上,我们只是专注于当下,”Ostepchuk 说道。“我们没有让太多的事情影响我们——无论是失误、裁判的判定,还是苏格兰队的表现。我们只专注于自己的比赛,这就是一直以来的目标。”

加拿大女子队在铜牌赛中以 19-17 负于澳大利亚队。

来自安大略省布兰普顿(Brampton)的轮椅赛车手 Nandini Sharma 在女子 1,500 米 T54 决赛中以 3:42.38 的赛季最佳成绩完赛后,因阻碍他人被取消资格,从而被剥夺了一枚银牌。加拿大田径协会对取消资格的决定提出了申诉,但评审团决定维持原判,并让其余运动员重新比赛。

在魁北克市的训练营,时间为 9 月 29 日至 10 月 2 日,地点在拉瓦尔大学(Université Laval)的 PEPS 体育综合体。

多伦多队将在 10 月 13 日在丰业银行竞技场(Scotiabank Arena)以及 10 月 15 日在麦迪逊广场花园(Madison Square Garden)与纽约尼克斯队进行主客场交手,以此结束其季前赛,随后将在 10 月 16 日客场挑战底特律活塞队。

NBA 尚未公布 2026-27 赛季的赛程。

“我们对 2019 年在魁北克市的训练营记忆犹新,能有机会在这座历史名城度过时光,加上拉瓦尔大学卓越的设施,使得决定回归变得非常简单,”猛龙队总经理兼执行副总裁博比·韦伯斯特(Bobby Webster)在声明中表示。

“我们期待在返回温哥华之前,在魁北克市进行我们的首场 NBA 加拿大之行比赛,温哥华已经成为了我们组织在外的另一个家。”

加拿大新闻社(THE CANADIAN PRESS)

“虽然 AC 对这一决定感到失望,但我们接受这一过程,并期待 Nandini 再次参加 T53/54 400 米赛跑,”加拿大田径协会在声明中表示。

在泳池中斩获 5 枚奖牌的一天后,加拿大在游泳比赛的最后一天遭遇失利,多次与奖牌擦肩而过。

周日在男子 100 米蝶泳中获得金牌的多伦多选手约书亚·利恩多(Joshua Liendo)在 50 米蝶泳中以 23.30 秒获得第四名,距离奖牌仅差 0.38 秒。

由来自安大略省拉萨尔(La Salle)的 11 次英联邦运动会奖牌获得者凯莉·马斯(Kylie Masse)领衔的女子 4x100 米混合接力队,随后以 0.12 秒之差与奖牌无缘。

加拿大在前两棒领先,并在比赛的大部分时间里处于奖牌位置,直到南非的丽贝卡·梅德(Rebecca Meder)在自由泳最后一棒末尾追过了来自尼亚加拉瀑布(Niagara Falls)的麦迪逊·克里格(Madison Kryger)。澳大利亚获得金牌,苏格兰获得银牌。

在拳击比赛中,来自埃德蒙顿的安伯-简·沃尔(Amber-Jane Wall)以 5-0 的一致比分击败了威尔士的尼夫·布鲁克斯(Niamh Brookes),晋级女子 51 公斤级半决赛。同样来自埃德蒙顿的约书亚·奥福里(Joshua Ofori)通过不战而胜晋级男子 70 公斤级四强。

加拿大在英联邦运动会奖牌榜上排名第二,获得 14 枚金牌,仅次于澳大利亚的 47 枚。截至比赛第 6 天,加拿大还获得了 11 枚银牌和 14 枚铜牌,总计 39 枚奖牌。

加拿大新闻社(THE CANADIAN PRESS)

尽管加拿大拥有 13 个世界冰球冠军头衔处于领先地位,但美国以 11 个排名第二,并在过去 10 届赛事中赢得了 7 届。在奥运金牌方面,加拿大也以 5-3 领先于美国。

“我们不仅需要发展国家队,还需要发展全国其他地区,”索瓦戈(Sauvageau)说。

“过去几年已经完成了巨大的工作。但现在的问题是,在新的环境下,要确保我们灵活、精准,并能够全力支持全国最优秀的运动员。”

索瓦戈在 2025 年成为了首位在“建设者”类别中入选名人堂的女性。她曾是一名蒙特利尔警察,并且是魁北克海事青少年冰球联盟(Quebec Maritime Junior Hockey League)的首位女性教练,曾在 1999-2000 年担任蒙特利尔火箭队(Montreal Rocket)的助理教练。

她创立了蒙特利尔大学女子冰球队,并在魁北克省的韦尔登(Verdun)成立了一个女子冰球高水平训练中心。

美联社(THE ASSOCIATED PRESS)

出生与死亡公告

DAVID WILLIAM BEIRNES

我们深切地宣布,David William Beirnes 于 2026 年 7 月 21 日,星期二,在纽马基特的 Southlake Health 医院因阿尔茨海默病病逝,享年 73 岁。

David 是 Adam、Kathleen 和 Diana 敬爱的父亲;是 Jaylen 和 Evelyn 引以为傲的祖父;是 Helane Ladouceur 的兄弟;也是已故的 Stanley 和 Gwenneth Beirnes 之子。他与 Laurelle 共同度过了多年的婚姻生活,并一起抚养孩子。David 和 Laurelle 为他们建立的家庭感到无比自豪。

David 作为一名高级财务主管,拥有长期且卓越的职业生涯。他开启职业生涯于 Campeau 公司,在该公司期间,他在多伦多 Scotia Plaza 办公大楼的开发中发挥了关键作用。随后他进入酒店业,最后在老年住宅领域找到了真正的志向,担任 Retirement Residences REIT 的首席财务官。

David 将其大部分职业生涯奉献给了安大略省的长期护理领域,为致力于照顾老年人的组织提供财务领导力。他还曾在安大略省长期护理协会任职,与协会、政府及行业领导者协作,为后来成为安大略省历史上规模最大的长期护理重建计划奠定了基础。

在整个职业生涯中,David 以其诚信、财务专业知识和深思熟虑的领导力而闻名。他赢得了整个行业同事的尊重和钦佩,通过他参与塑造的项目以及他沿途指导的人才留下了持久的遗产。

尽管 David 非常看重自己的职业成就,但最了解他的人知道,他最大的遗产是为家人创造的生活。他相信,照顾家人意味着要努力工作,这样他们才能在自己的生活中取得成功。通过数十年的辛勤工作、周密的计划和牺牲,他创造了一个稳定和安全的基础,这成为了他能留给家人最好的礼物之一。

在工作之外,David 在生活的简单时刻中寻找快乐。他热爱长途驾驶以欣赏秋色,通过镜头捕捉世界之美,并喜欢在户外散步或在院子里度过时光。他很少在陌生人面前保持沉默,无论是与邻居聊天,还是与刚认识的人交谈。他的热情是天然的,认识他的人经常用同样的词汇来形容他:真诚善良、平易近人,单纯是一个好人。

在生命的最后几年里,David 对其伴侣 Donna 的爱、照顾和陪伴深表感激,在他们应对阿尔茨海默病的挑战时,Donna 的支持对他和他的家人都意义重大。

阿尔茨海默病逐渐改变了 David 的许多方面,但它永远无法改变他被深爱的程度。他的家人将记住在患病前那个他:那个以善良给每个接触过的人留下深刻印象的父亲、祖父、同事和朋友。

若能以 David 的名义向阿尔茨海默病协会捐款,我们将不胜感激。我们希望持续的研究和支持有一天能让其他家庭免于走这条艰辛之路。您可以在捐款页面找到相关信息:https://alzheimersocietyinmemoriam.crowdchange.ca/page/davidbeirnes。

人们将铭记 David 的善良、正直、慷慨、坚定不移的职业操守,以及最重要地,他对家庭的爱与自豪。

纪念 葬礼服务

星期三 SMITH, Jerry - 2:00 礼拜堂。

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SHIVA (犹太悼念期) BABINS, Pearl - 7905 Bayview Avenue, #308, Thornhill。 REICHERT, Saul - 181 Davenport Road, #1001。 SMITH, Jerry - 131 Torresdale Avenue, #902。

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珍贵的

回忆

深切缅怀

MICHAEL EVAN JURIST 1985年6月22日 2007年7月30日

“生命的衡量不在于年岁, 而在于触动了多少生命”

又是一年,思念你温暖的笑容, 思念你声音中的喜悦, 以及你对生活的热爱。

关于你的回忆每天涌上心头, 其中夹杂着对你失去潜能 以及你本应拥有的灿烂未来的悲伤。

你一直令我们感到骄傲, 给了我们快乐和目标。 你的离去留下了一个巨大的空洞。

我们,以及你的家人和朋友, 深切思念你的善良、坚强的精神 和迷人的个性。

深切思念并渴望你的归来

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第 32 页

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音乐家,91 岁 受人敬仰的钢琴家改变了 蒙特利尔及其他地区的爵士乐坛

一位将键盘上的华彩技巧与蓝色调摇摆乐相结合的作曲家和指尖灵动的表演者,他曾四次获得 Félix 奖,两次获得 Juno 奖,并于 1994 年被授予加拿大勋章成员(Officer of the Order of Canada)

BRAD WHEELER

爵士钢琴家奥利弗·琼斯(Oliver Jones)是一名神童,在 3 岁时就能熟练地演奏家中的 Layton 兄弟钢琴。5 岁时,他在蒙特利尔的 Union United Church(加拿大最古老的黑人教会)首次在观众面前演奏布吉伍吉(boogie-woogie)。尽管接受过古典音乐训练,但他能凭记忆演奏西弗吉尼亚州一家广播电台播出的福音歌曲。一个下午,这个孩子听到住在附近的青少年奥斯卡·彼得森(Oscar Peterson)通过敞开的公寓窗户练习琴声。彼得森先生后来成为了历史上最伟大的波普(bebop)和摇摆乐(swing)钢琴家之一。他令人敬畏的技巧要么能激励他人弹得更好,要么会让人们彻底放弃。当时就读于小学的琼斯先生属于前者。他敲开了门,开门的是彼得森先生的姐姐兼钢琴教师黛西·彼得森·斯威尼(Daisy Peterson Sweeney)。“你能教我那样弹吗?”这位早慧的钢琴家问道。她可以,并且确实这样做了。“我是被他的父母雇佣的,我立即发现了他的天赋,”斯威尼女士在马蒂·桑斯雷格雷特(Marthe Sansregret)撰写的传记《奥利弗·琼斯:音乐家,男人》(Oliver Jones: The Musician, the Man)中说道。“任何他听到的曲子,他都能弹回来。他过去常模仿从我、从奥斯卡、或者从任何人那里听到的东西。”

琼斯先生是一位将键盘上的华彩技巧与蓝色调摇摆乐相结合的作曲家和指尖灵动的表演者,他在蒙特利尔总医院长期抗病后于 7 月 22 日去世。享年 91 岁。他 1985 年专辑《Speak Low, Swing Hard》的标题可以作为一份悼词。这位安静、严肃且温柔的人,因为两位大师共同拥有的历史和华丽的音乐风格,不可避免地被拿来与彼得森先生比较。当彼得森先生的健康状况在 1990 年代开始恶化时,较年轻的琼斯先生承担起了加拿大非正式的世界爵士乐大使这一角色。“他有一种天生的洞察观众的能力,”他的经纪人兼 Justin Time Records 唱片公司创始人吉姆·韦斯特(Jim West)说道,该公司发行了这位钢琴家的 20 余张专辑。“只需观察观众片刻,他就明白自己在为谁演奏。”他经常在蒙特利尔国际爵士音乐节为欣赏他的观众演奏,该音乐节是全球爵士乐日程上的里程碑式盛会,其地位的提升部分得益于琼斯先生的经常出席。“他是个谦虚的人,”音乐节联合创始人兼前艺术总监安德烈·梅纳德(André Ménard)说。“有时我们不得不提醒奥利弗他有多伟大。”

他于 1994 年被授予加拿大勋章成员。这位加拿大音乐名人堂入选者曾四次获得 Félix 奖和两次获得 Juno 奖(分别为 2008 年的三重奏作品《Second Time Around》和 1985 年的五重奏作品《Lights of Burgundy》)。这位钢琴家还与歌手拉妮·李(Ranee Lee)合作了两张专辑。

“他拥有绝对音感,他的大脑就像一个音乐索引卡盒,”李女士说。“无论是在舞台上还是在私下,与他在一起都让人感到舒适。”琼斯先生的尼日利亚之旅是 1990 年加拿大国家电影局纪录片《奥利弗·琼斯在非洲》(Oliver Jones in Africa)的主题。加拿大邮政于 2013 年在一枚邮票上纪念琼斯先生,该邮票是向黑人历史致敬系列的一部分。根据这位钢琴家的传记,他的父母是那些被强迫在英国统治的巴巴多斯种植园劳作的被奴役非洲人的后裔。“这枚邮票对奥利弗意义重大,”韦斯特先生说,“他当时告诉我:‘伙计,如果我的父母能看到这个就好了。’”在 2015 年进行一次三支血管搭桥手术后,琼斯先生于 2016 年宣布正式退休。这位深受喜爱的音乐家是一位

钢琴家 Oliver Jones 1994年 2月在爱达荷州莫斯科的 Lionel Hampton 爵士音乐节上演出。Jones 先生经常在蒙特利尔国际爵士音乐节为欣赏他的观众演出,该活动是全球爵士音乐日程上的里程碑事件。STEPHANE OUZOUNOFF/AFP VIA GETTY IMAGES

2005年,Jones 先生在渥太华由 Michaëlle Jean 授予总督表演艺术奖。JONATHAN HAYWARD/THE CANADIAN PRESS

导师。 他曾在蒙特利尔的麦吉尔大学和萨德伯里的劳伦琴大学教授音乐。“我相信回报社会,”他在 2013年 告诉《环球邮报》,“如果我能让年轻人产生同样对音乐的热情,那么我觉得我完成了天职。”

Oliver Theophilus Jones 于 1934年 9月 11日 出生在蒙特利尔的皇家维多利亚医院,是移民 Oliver Wesley Jones 和 Jestina Louise Jones(原姓 Burrowes)四个孩子中的老四。

根据 Jones 先生的传记,他(父亲)是加拿大太平洋铁路公司的一名机械师;她(母亲)是一名女缝纫工,其移民文件将她的职业类别列为“家政”。

他在该市充满活力的小勃艮第(Little Burgundy)社区长大,那里在当时被称为“北方的哈莱姆区”。Jones 先生对钢琴的痴迷几乎与他对体育(尤其是冰球)的热情相当。意识到自己没有天赋成为下一个 Rocket Richard 之后,他开始进行更现实的梦想,希望成为 Elmer Lach 或 Toe Blake —— 两人都是蒙特利尔加拿大人队著名的“强力线”(Punch Line)中 Rocket 的队友。

他也是 Jackie Robinson 的粉丝,后者 1946年 在该市的 Delorimier 体育场为蒙特利尔皇家队效力。一年后,Robinson 先生作为布鲁克林道奇队的成员,成为了美国职业棒球大联盟的第一位黑人球员。(1998年,Jones 先生为关于 Robinson 先生在蒙特利尔度过的那个夏天的纪录片《变革之季》(Season of Change)创作并演奏了原声带。)

到 12 岁时,Jones 先生已经在 Café St-Michel 演出,那是蒙特利尔爵士乐场景发展中一个重要的卡巴莱(cabaret)场所。Jones 先生后来告诉 NPR,他“看到了很多不该看的东西 —— 妖艳的女孩和脱衣舞者”。

而 Jones 先生在青少年时期于蒙特利尔地区的俱乐部和酒店演出时,没看到的是大把的钱。在 20 世纪 60 年代初,他作为卡里普索歌手 Kenny Hamilton 的乐队指挥搬到了迈阿密。

从那里开始,在圣胡安的一场拉斯维加斯风格综艺节目的四个月驻演变成了一份长达 16 年的工作,每年工作 40 周。他驻在波多黎各的 Americana 酒店,当时的波多黎各正处于繁荣期,因为古巴革命后,俱乐部和赌场迁到了这个美国领地。该乐队还随 Bob Hope 的美国劳军会(United Service Organizations)演出进行国际巡演。

“那是一段美好的时光,”Jones 先生告诉 NPR,“波多黎各当时真的开始繁荣起来,所以我经历了那个全盛时期。”

尽管这份工作能维持生计,但这种稳定的演出在艺术上并不令人满足。那些音乐是商业性的,而非爵士乐,且经常使用电子琴而非钢琴演奏。他后来告诉《环球邮报》,他是一个“谨慎”的人,因此错失了许多机会。

“我不知道是否是因为缺乏自信,”他说,“我记得我曾有机会成为”

多年前曾担任 Supremes 乐队的钢琴师,但我拒绝了,因为我觉得自己还没准备好。”在 20 世纪 80 年代初,他准备好回到蒙特利尔了。尽管琼斯先生当时已 40 多岁,且多年未认真演奏爵士乐,但他还是在皇后伊丽莎白酒店的 Les Voyageurs 鸡尾酒休息室找到了下午的工作,并在 Biddle’s Jazz and Ribs 每周演奏六晚。正是在后者这家场所,琼斯先生与鼓手 Bernard Primeau 以及俱乐部共同创始人兼贝斯手 Charles Biddle 一起演出,从而引起了关注。《环球报》爵士乐评论家 Mark Miller 在 1982 年写道:“在 47 岁时,他证明了自己配得上这座城市充满驱动力的爵士钢琴演奏家传承,他的演奏中带着一点 Art Tatum 的影子,一点 Erroll Garner 的风格,而且确实融入了 20 世纪 40 年代每一位技术精湛、充满摇摆感的演奏者的特点。”“在 Biddle’s 的任何一个夜晚,他的第一首独奏出现在 10 点 30 分之后,它从一个轻盈指触的音乐升腾之作,演变为一个摇滚般的、双手齐奏的结尾。在短短几分钟内,全场便沸腾了。”

有一天晚上,韦斯特先生在现场发现了这位城市爵士乐界议论中心的人物。“那是一次令人难以置信的演出,”他说,“我认为有必要将其记录下来。”随后,奥利弗·琼斯三重奏团(Oliver Jones Trio)的演出促成了 1983 年发行的《Live at Biddles Jazz and Ribs》,这也是新成立的 Justin Time Records 唱片公司发行的第一张专辑。曲目单中包括彼得森先生 1962 年为纪念马丁·路德·金而创作的曲目《Hymn to Freedom》的轻快版本。琼斯先生和彼得森先生在 2004 年蒙特利尔国际爵士音乐节上共同演奏了《Hymn to Freedom》和爵士标准曲《Just Friends》。2005 年,他与李女士共同录制了专辑《Just You, Just Me》。

在琼斯先生去世前的几个月里,这位歌手曾前往医院探视他。在其中一次探视中,他请求她演唱爵士标准曲《Body and Soul》。在临终前,他请求演唱由 Duke Ellington 和 Manny Kurtz 创作的《In a Sentimental Mood》,该曲录制于琼斯先生出生后的第二年。李女士说,当她演唱时,她的朋友在用口型跟唱歌词:“在伤感的心境中,我看到星光洒进我的房间 / 而你深情的态度,宛如一团照亮阴霾的火焰。”他留下了儿子 Richard Jones 和长期伴侣 Monique Leclerc。

Page 1

A resident walks among the ruins of his burned-out house after a wildfire in Pelayos de la Presa, near Madrid, on Wednesday. Spain’s worst blazes on record have forced thousands to evacuate. PIERRE-PHILIPPE MARCOU/AFP VIA GETTY IMAGES

O

When ‘all of Spain is burning,’

volunteers roll up their sleeves

Community members provide a lifeline in shelters near Madrid

MARCUS YAM MADRID

n a recent afternoon at the Beats Fit- ness Club in Móstoles, southwest of Madrid, performers set up stage lights and speakers to perform a chil- dren’s play at the makeshift wildfire shelter. A volunteer nurse checked evacuees with a stethoscope. Others distributed food from local supermarkets and painted children’s faces in a special “kid zone.” Some of the children told their parents they didn’t want to go home as they thought it was summer camp rather than a shelter for people fleeing wildfires. While firefighters battle Spain’s worst wild- fires on record, a quieter operation has been under way in spaces such as the Beats shelter, as Spanish volunteers mobilize to help some of the 91,000 people across the country who were ordered to evacuate or remain in shelter owing

[ WILDFIRES ]

Fauci repeatedly pleads the Fifth in tense

Senate hearing about pandemic’s origins

NATHAN VANDERKLIPPE INTERNATIONAL CORRESPONDENT

Anthony Fauci refused to answer ques- tions from a U.S. Senate committee re- lated to his involvement in research at a Chinese lab and the origins of the COVID-19 pandemic, citing a constitution- al right to remain silent as Republicans accused him of hiding the truth. As the director of the National Institute of Allergy and Infectious Diseases until 2022, Dr. Fauci was one of the most senior leaders of the U.S. pandemic response. He also oversaw the issuance of research grants, including money directed to the Wuhan Institute of Virology, in the Chi-

to the fires that have destroyed at least 100 homes and reached 78,000 hectares. Volunteer Sandra Lara, 35, of Móstoles, had first tagged along out of curiosity to see how she could help the 175 adults and children housed at the Beats shelter. She soon found herself rolling up her sleeves, organizing donated clothes and help- ing to distribute them. She also gave out “a lot of hugs,” she added. “They are our people and they left their homes without anything.” And if the fires weren’t contained, her area could be next. Some 150 volunteers in Móstoles have spanned out across three sports centres turned into evacuation shelters for more than 400 people. They join police forces, civil defence units, Red Cross workers and other health emergency services who were stationed to help.

SPAIN, A7

nese city where the spread of the new coronavirus was first detected. Over the course of his 54 years at the National Institutes of Health, Dr. Fauci testified before congressional committees more than 200 times. But on Wednesday, he declined to answer any questions – even about the colour of his tie – instead citing the Fifth Amendment, which pro- vides a right for people not to be com- pelled to self-incriminate. The hearing marked the culmination of years of effort by Republicans to hold Dr. Fauci responsible for a litany of pandemic grievances, from lingering anger over lockdowns to a belief that he deserves personal blame for the pandemic and the more than one million Americans it

SPORTS Canada’s Mitton defends women’s shot put title at Commonwealth Games B15

ALASTAIR GRANT/ ASSOCIATED PRESS

Explore our national database of freedom of information requests SecretCanada.com

killed. Democrats called the Senate hear- ing a “show trial.” In a brief opening statement, Dr. Fauci lashed out at Rand Paul, a Republican senator from Kentucky who chairs the Senate Committee on Homeland Security and Governmental Affairs, for his “un- hinged obsession with me.” “The sole reason he is calling me before this committee is to get me to say some- thing – anything – that could vindicate his repeated public pledges that I end up, in his words, ‘behind bars,’ ” he said. Before leaving office last year, U.S. pres- ident Joe Biden issued Dr. Fauci a pre- emptive pardon for the work he had done.

FAUCI, A15

CRIME Ballistics tests help convict American men in Quebec couple’s murders in Dominica A3

REPORT ON BUSINESS Two major U.S. unions call for return to stable trade relationship with Canada B1

PM rules out

using energy as leverage in trade talks with the U.S.

ADRIAN MORROW WASHINGTON MARIEKE WALSH OTTAWA MATTHEW SCACE RED DEER, ALTA.

Prime Minister Mark Carney is ruling out restricting Canada’s oil and gas supply to the U.S. in the face of President Donald Trump’s expanding trade war, removing a potent bargaining chip as Ottawa seeks a deal with Washington. Mr. Carney’s government is al- so planning to scrap a tax on on- line streaming services such as Netflix and Amazon Prime, the latest in a series of concessions to U.S. trade demands for which Canada has not received any- thing in return. Dominic LeBlanc, the Minister responsible for Canada-U.S. trade, is in Washington this week, where he met with U.S. Trade Representative Jamieson Greer and attended a social event co-sponsored by the Cana- dian government and major U.S. tech companies. Speaking to reporters in Red Deer, Alta., on Wednesday, Mr. Carney said he didn’t “see the value” of putting energy exports, such as Alberta’s oil, on the table in trade talks. “Canadians are reliable,” he said. “One of the biggest com- modities, arguably the best, is trust. People trust us, and so, when you’re a supplier of a key commodity, key service, you’ve got to think really hard about not supplying.”

ENERGY, A15

RCMP pledge

to support Belgian police as they probe NATO intern

MARIE WOOLF OTTAWA

The RCMP says it will support Belgian authorities investigating a Canadian intern of Chinese origin alleged to have engaged in espionage at NATO’s operational headquarters in Belgium. The intern, working at NATO’s operational base, Supreme Head- quarters Allied Powers Europe (SHAPE), in Mons, near the French border, was arrested last week on suspicion of spying on behalf of a third country, and is being held in pretrial detention. The federal government de- clinedtocommentWednesdayon whether the suspect had been working as a civil servant in Otta- wa after reports in European Union media said that she had workedforCanadiangovernment departments. Before starting her NATO in- ternship,shehadbeengrantedse- curity clearance by the Canadian government after vetting by the Canadian Security Intelligence Service and a criminal record check by the RCMP. In a statement Wednesday, the RCMP said it does not provide advice or recommendations “re- lated to an individual’s employ- abilityorsecuritystatus”andfinal decisions about security clear- ance“remaintheresponsibilityof the requesting organization.” “The RCMP is aware of a Cana- dian citizen being detained by Belgianpolice.TheRCMPremains committed to working closely and maintaining strong relation- ships with our domestic and in- ternational partners,” added An- drew DiRienzo, an RCMP spokes- person.

NATO, A7

(HDFFC|00004Z /t.a

Page 2

W

TARRALIK DUFFY, CARNATION, 2020, SIX PRINTS FROM A DIGITAL DRAWING, 38.7 X 28.6 CM EACH. PURCHASE, 2022. ART GALLERY OF GUELPH COLLECTION. PHOTO BY TONI HAFKENSCHEID

Throughout July, we are showcasing artworks from the Art Gallery of Guelph, one of Canada’s premier cultural spaces. Spanning historical and contemporary art, AGG is home to more than 11,000 artworks and the largest sculpture park at a public art museum in Canada. The collec- tion brings together diverse artistic voices from across Canada and beyond, from early acquisi- tions by Tom Thomson and members of the Group of Seven to contemporary works by First Nations, Métis and Inuit artists. artgalleryofguelph.ca

Tarralik Duffy is an Inuk artist, writer and curator from Salliq, Nunavut, whose work combines humour, storytelling and everyday observation. Carnation references a staple household product in Northern communities, one of many familiar items from her childhood that Duffy transforms within her practice. Through drawing, printmaking and soft sculpture, she reflects on domestic spaces, family, memory and contemporary Northern experience, reimagining everyday objects in playful and culturally resonant forms.

The U.S.-Saudi nuclear deal risks unleashing a Middle Eastern arms race A11

The subheadline accompanying a Wednesday Report on Business article about Terminal Technologies Inc. incorrectly stated the compa- ny’s reported valuation increased fivefold since it received seed financ- ing in 2013. The seed financing occurred in 2023.

A Monday letter to the editor about the Gordie Howe bridge deal in- correctly stated that interest pay- ments are considered operating expenses, and amortization consid- ered a cash expense for accounting purposes. As neither is true, the premise of the letter is flawed.

The Globe and Mail is committed to maintaining the highest ethical, legal and editorial standards. SANDRA E. MARTIN, STANDARDS EDITOR, standardseditor@globeandmail.com

Lost wedding ring found in Nova Scotia lake

by metal detector operator

DEVIN STEVENS HALIFAX

hen Louisiana’s Jeff Daglaris lost his wedding ring at the bottom of a Nova Scotia lake, he turned to the internetforadviceandtheanswer was simple: Call Nate McLagan. Mr. McLagan has been metal detecting for about two decades. This year he’s set a goal to find missing items for 25 people and word is getting out. The weapons tech in the Royal Canadian Navy says he has received a lot of requests about lost wedding rings, and he enjoys being able to complete those types of assignments. “As soon as I give the ring back, they actually fall down on the ground. Like, so many tears and tears of joy … It’s overwhelming,” he said in an interview. Mr. Daglaris was in Nova Scotia to take a course. On a weekend in June, he and his friends were kay- aking around an island in Kejim- kujik National Park, about 130 kilometres west of Mr. McLagan’s home in the Halifax suburb of EasternPassage.Theywereclimb- ing up rocks and jumping in the waterwhenMr.Daglaris’s14-karat gold wedding band slipped and fell into the lake. “I was a little, honestly, disap- pointed in myself because right beforeIgotinthewater,Iwaslike,

[ COLUMNISTS ]

FIRST

PERSON

Alona Vasylieva found her footing in a small community after years in airline service A13

[ CORRECTIONS ] [ CLARIFICATION ]

Because of an error in the data provided to The Globe, the article text and two charts in a Monday Report on Business article about Canadian chief executives’ 2025 compensation incorrectly cited RB Global Inc. CEO Jim Kessler as Canada’s second-most highly paid executive in 2025. He was the fourth-most highly paid CEO, with total pay of $30.1-million in 2025. Shopify CEO Tobias Lütke was the second-most highly paid. An up- dated version of the article and charts can be found at tgam.ca/ CEOcomp.

Nate McLagan emerges from a lake in Nova Scotia's Kejimkujik National Park earlier this month with Jeff Daglaris’s wedding ring, which he lost while jumping in the water. THE CANADIAN PRESS

‘Maybe I should take this off and put it in our dry bag,’ ” Mr. Dagla- ris said in an interview. The ring had barely left his fin- ger since he married his wife, Tay- lor, 31⁄2 years ago. He and his friends tried diving for it, but the water was too dark and they had no equipment. Mr. Daglaris tagged the location on his phone, took pictures and searched the internet.That’swhenhefiredoffa message to Mr. McLagan. The next weekend, armed with his metal detector, dive gear and somephotosofrocksinalake,Mr. McLagan made the two-hour drive and kayaked out to the is- land. “And right as I was at the Hali-

With audits, the law supplies the test but your evidence tells the full story B8

In Saturday’s Report on Business section, a photograph of the site of the private Dock conference in Muskoka, Ont., was not clearly identified. The photo depicted Ferndale, the private estate of Peter Gilgan.

fax airport about to get on the plane, he sent me a picture with my ring,” Mr. Daglaris said. Mr. McLagan said it took only a few minutes to find the band. He said he was all smiles when he brought it to the surface. Mr. McLagan said he treats his recovery missions as a hobby and is mainly volunteering his time to help people who contact him. If he has to go out of his way, he said he will accept some money, most- lytocoverexpensesforthingslike gasoline. Mr. McLagan found 13 lost ob- jects last year, and wants to hit 25 this season.

Page 3

Ballistics tests help secure guilty verdict

in case of Canadians murdered in Dominica

Daniel Langlois and Dominique Marchand, who were killed in 2023, were renowned for their philanthropic efforts

PATRICK WHITE

Two key witnesses and forensic ballistics secured the convictions of two American men found guilty on Tuesday in the 2023 murders of a prominent Quebec couple, prosecutors in the Carib- bean island nation of Dominica said as they prepared for an ex- pected appeal. A jury found Jonathan Lehrer and Robert Snyder Jr. guilty of murdering Montreal entrepre- neur Daniel Langlois and his partner, Dominique Marchand, who were renowned throughout Dominica for funding philan- thropic efforts and constructing a luxury resort. The trial started on July 1 un- der a blanket gag order that blocked public reporting on the proceedings. With the order now lifted, spe- cial prosecutor Keith Scotland

Rescuers in Japan comb through earthquake rubble as death toll rises

MARI YAMAGUCHI KUMAMOTO, JAPAN

Soldiers and emergency workers combed through a badly damaged shopping mall and collapsed houses looking for trapped survivors Wednesday after a powerful earthquake that killed at least 18 people, including a foreigner, in southwestern Ja- pan. The magnitude 7.1 earthquake that hit a day earlier in the Kumamoto area on the southern main island of Kyushu also left at least62peopleinjured,sixofthemserious- ly, the prefectural government said. The tally has been steadily growing, fanning fears it may continue to rise. Some of the most serious damage was at the Aeon Mall shopping centre in the town of Kashima, which was bustling with thou- sands of people when the quake hap- pened. The company said some 3,000 cus- tomers were evacuated to a parking lot be- fore a gas explosion happened in another part of the mall, where some people were still working. FumikaOnowasshoppingatamallwith her older sister when the ground shook so fiercely she lost her balance and ducked. Children began screaming and goods scat- tered on the floor. The 19-year-old was among the crowd of shoppers who managed to escape safely. Theswelteringweatherheightenedwor- ries about the survivors as rescuers braved the heat. It remained unclear how many people might still be missing. The mall’s second floor collapsed, trap- ping people. Witnesses said the explosion shook the area as much as the quake. Three people remained missing, while fourdeathswereconfirmedatthemallsite, according to Aeon president Akio Yoshida. “We take it seriously that an explosion happenedandpreciousliveswerelost,”Mr. Yoshida told a news conference in Kuma- moto, where he bowed deeply along with two other executives. Japanese media footage of the mall showed that part of the ceiling had caved in, and metal pieces and other debris were scattered about as helmeted and masked rescue workers searched the area. Kiyoshi Matsunaga, 74, who lives in the mall’s neighbourhood and was at a super- market just a few blocks away, said Tues- day’s quake reminded him of a deadly quake 10 years ago that hit Kumamoto and killed 50 people. He stopped in his tracks when the shak- ing began while he was pushing his cart to- ward a cash register. Things scattered from

Missing 11-year-old boy found dead, Calgary Police say

MATTHEW SCACE CALGARY

Calgary Police say an 11-year-old boy who has been missing since July 16 – and whose disappear- ance sparked a massive search by officers and community mem- bers – has been found dead. Calgary Police Chief Katie McLellan said the boy, Parker, was discovered on Wednesday after- noon deep in a network of pipes near one of the city’s major ex- pressways after a citizen discov- ered his shoes at the mouth of a culvert near an industrial park in the city’s northeast. “For nearly two weeks, so many people woke up hoping it would be the day Parker came home,” Chief McLellan told re- porters at a late-afternoon news conference at Calgary Police headquarters.

said ballistics tests provided the clinching evidence in his favour. “They took two spent bullets out of the body of Daniel Langlois and linked it to the gun of Jo- nathan Lehrer,” he told The Globe and Mail. “That was dam- ming evidence.” Lawyers for the convicted men did not respond to interview re- quests. The couple’s burned remains were discovered on a remote road on Dec. 1, 2023, touching off an extensive police investigation and prosecution that taxed the nation’s limited justice resources before culminating on Tuesday in a courtroom in Roseau, the capital of Dominica. A jury took two hours to delib- erate. Video from local media shows the prosecutors exiting the courthouse to cheers of “Good job” from a small group of locals celebrating the decision. Early on in the investigation, police theorized that Mr. Lan- glois and Ms. Marchand were shot in their Nissan somewhere around Bois Cotlette, a cocoa farm owned by Mr. Lehrer. They believed the killers had then dri- ven the Nissan to a mountain road and torched the car with the

Workers walk past a damaged and partially collapsed house in Yatsushiro, Kumamoto prefecture, on Wednesday, the day after an earthquake struck southwestern Japan. YUICHI YAMAZAKI/AFP VIA GETTY IMAGES

the shelves. He could not move, he re- called. “I was frightened,” he said. Japan is one of the most quake-prone nations in the world. In the Nuyamazu district, a pair of tem- plegatesata16th-centuryBuddhisttemple collapsed. They had just been repaired five years ago. Yuki Kiyozumi, deputy chief priest at the temple, recalled how she had to crawl on the floor because the shaking was so vi- olent. She had just returned home from a meeting and was about to feed her cat. “I don’t even know if or how we can re- build them again,” she said, while cleaning up damaged ornaments and furniture. In nearby Yatsushiro, a chimney col- lapse at a Nippon Paper Industries factory killed five people while seven others were rescued from the debris, according to the Kumamoto prefectural government disas- ter team. Four people were still believed to be

“Instead, we are here sharing news that is heartbreaking for his family and for everyone who has been carrying that hope.” Police said they have called off their search. The news marked a tragic con- clusion to the sweeping search that began when the 11-year-old left what police described as his “day home” and never returned. Since he disappeared, police had maintained foul play was un- likely and, on Wednesday, they said that they still believe he wan- dered off on his own volition. Parker was neurodivergent and non-verbal. “Parker experiences the world in his own way,” his family wrote in an unsigned statement previously disseminat- ed by police. Hundreds of police officers and thousands of Calgary resi- dents had been searching for

bodies inside before pushing it off a cliff. The Canadian businessman and the American cocoa farmer had been entangled in a long- running legal battle over a road that bisected Bois Cotlette and served as the main thoroughfare to Coulibri Ridge, Mr. Langlois’s luxury eco-resort that opened in 2022 and brought much-needed tourist dollars to the hurricane- battered nation of roughly 72,000 people. Public opinion tended to side with Mr. Langlois, who had founded and sold a pioneering 3-D animation company in Que- bec, renowned for working on the likes of Jurassic Park and Ti- tanic, before bringing his consid- erable fortune to Dominica in the late 1990s. After Hurricane Maria devas- tated the island in 2017, Mr. Lan- glois launched an organization called Resilient Dominica, which paid for a school lunch program, provided solar-powered lights for students, funded the reconstruct- ion of a primary school and built a jetty for disaster evacuations. Shortly after the arrests, locals told The Globe they had little faith in Dominica’s justice sys-

trapped there, it said. In the first reported death of a foreign national, a Vietnamese technical intern was killed after a crane fell on him at a fac- tory where he worked, according to the Vietnamesegovernment.Hehadarrivedin Japan in January. Seven other Vietnamese technical interns at the factory evacuated safely Separately, a Vietnamese woman mar- ried to one of the workers was injured when a wall collapsed and was being treat- ed at a hospital. Nearly 34,900 homes were still without electricity and some 15,000 homes without running water, Kumamoto officials said. More than 8,800 people left their homes to stay in over 400 shelters, where power sources were being added to provide air conditioning. Aerial police footage showed some homes in residential areas were complete- ly flattened, including a few that crumbled into a nearby river.

clues ever since he vanished. In- vestigators struggled to track down CCTV evidence of his most recent whereabouts and Calgary Police committed more than 400 officers to the search. The police service had de- ployed aerial support, canine re- sources, mountain bike patrols, patrols on horseback and exten- sive searches of nearby water- ways and railways. On the third day after Parker’s disappearance, police cruisers crawled through neighbourhoods playing Disney tracks from movies he loved, such as Frozen’s Let it Go, in their bid to get his attention. Meanwhile, thousands of resi- dents scoured neighbourhoods, creeks and parks for the boy and any evidence of his whereabouts. In the northeast Calgary neigh- bourhood where he was last seen, volunteers gathered in parking

tem to hold the case together, and worried about Prime Minis- ter Roosevelt Skerrit intervening on behalf of Mr. Lehrer, who was involved in a government Citi- zenship by Investment program that granted passports to foreign investors. Mr. Skerrit’s government brought in an off-island special prosecutor, Mr. Scotland, a prom- inent lawyer and member of Par- liament from Trinidad and Toba- go, to pursue the case. “We put a great deal of re- sources into this matter from the time that the individuals were charged,” Sherma Dalrymple, Dominica’s director of public prosecutions, said in an inter- view. “We did it speedily, we did it properly and we were very much committed to getting a convic- tion.” Ms. Dalrymple said testimony from two witnesses formed the backbone of their case, placing the Americans around the crime scene at the time of the slayings. The first was Norville Wil- liams, a Bois Cotlette employee who was at the scene when the Quebec couple was shot in their car, according to Ms. Dalrymple. His testimony placed Mr. Lehrer

lots to strategize where they should search, and a group of lo- cals banded together to create an organized effort to find him. Chief McLennan said police on Tuesday received a tip from a citi- zen saying they’d discovered a pair of shoes at the mouth of a culvert on the west side of Deer- foot Trail, a major expressway that runs north to south through Calgary. The shoes resembled those Parker was last seen wearing, she said. Calgary Police Sergeant Rich Wall said the clue pushed officers to continue down the pipe, lead- ing them to the other side of Deerfoot Trail. That culvert, about four feet wide, split into a series of smaller pipes – between two and three feet wide – was where the boy was discovered at roughly 2:30 p.m. Wednesday

at the shooting and gave circum- stantial evidence that he drove to the secondary scene, she said. The second was a German hik- er who happened to be at both scenes and testified about an en- counter with Mr. Snyder on the road, Ms. Dalrymple said. A jury trial is the only option under Dominican law. Both Ms. Dalrymple and Mr. Scotland said they anticipate an appeal, which would be adjudicated by a three- judge panel. “They usually appeal in these cases, but we are sure that we can defend an appeal in this matter,” Ms. Dalrymple said. Sentencing has been sched- uled for September. Neil Suter, a Canadian con- struction manager who worked on Coulibri Ridge and befriended the couple, said he will only feel a sense of relief if the appeals process upholds the convictions. Mr. Suter said the deaths of Mr. Langlois and Ms. Marchand con- tinue to leave a hole in the coun- try. “What they did in Dominica was truly amazing,” he said. “And it just can’t be replaced in Do- minica. They were down-to- earth, amazing people.”

Japan’sSelfDefenseForcesjoinedrescue workers in the search and rescue oper- ations. Hundreds of professionals were helping with the effort, including firefight- ers from Taiwan. “There are people who are still waiting to be rescued, and it’s a race against time,” Prime Minister Sanae Takaichi said. “We will go all out to find and rescue as many people as we can.” Ms. Takaichi said the government was preparing to deliver food and other neces- sities to hard-hit areas. She also offered her condolences to the victims and sympathy to their relatives, while urging those affect- ed by the quake to take care of themselves under the hot weather. Bullet train services remained suspend- ed.AlthoughoperationsatAsoKumamoto AirportresumedWednesday,someairlines cancelled flights as a precautionary mea- sure.

ASSOCIATED PRESS

afternoon, he said. Sgt. Wall said the body was dis- covered between 450 and 500 feet into the pipes. The Calgary Fire Department’s aquatic team was pulled in to safely retrieve the body, he said. “We’re relieved to be able to bring Parker home … we are very deflated in the fact we couldn’t find him alive, but relieved that we found him,” Sgt. Wall said. Chief McLellan said: “Parker’s family is asking for privacy as they navigate this profound loss.” She thanked the thousands of Calgary residents who searched for the boy. She said Parker’s fam- ily knew they were not alone in the search for their boy. “Behind every search map, everybriefing,everytipandevery hour spent looking was a little boy who was deeply loved by his family.”

Page 4

I

Ukrainian strike on Iranian cargo ship

blurs line between two wars

Tehran climbs down from threat to retaliate, a rare bit of good news as pair of conflicts threaten to merge

MARK MacKINNON SENIOR INTERNATIONAL CORRESPONDENT LONDON

ANALYSIS

t could have been the start of World War Three. For now, the Ukrainian drones that struck an Iranian ship in the Caspian Sea on Saturday have only further blurred the line between the world’s two big continuing wars. Theworst-casescenarioalmost unfolded in recent days, as Iran – according to a report in The New York Times – prepared to retaliate by launching a ballistic missile at an unnamed Ukrainian port city. It now seems that Iran’s leader- ship, which initially declared on social media that the Ukrainian strike “CANNOT GO UNANSWER- ED,” has been persuaded to seek another form of retribution. The climbdown was a rare ray of good news (albeit one followed hourslaterlateTuesdayETbyIran

Security forces and emergency personnel work at the site of a strike north of al-Miqdadiyah district in Iraq’s Dayala province on Wednesday. U.S.-Saudi strikes on Iraq that same day killed at least 20 members of a former paramilitary alliance that includes pro-Iran groups. YOUNIS AL-BAYATI/AFP VIA GETTY IMAGES

U.S. launches retaliatory strikes

on Iran after attack on American base

QASSIM ABDUL-ZAHRA KONSTANTIN TOROPIN BAGHDAD

The U.S. military said Wednesday that it launched strikes on Ira- nian targets in response to Teh- ran’s attack on American forces in the Middle East. The latest bar- rage came after the U.S. partnered with Saudi Arabia to strike Iran- backed militias in neighbouring Iraq, killing at least 20 fighters and six Iranian advisers. The new strikes on Iran are “a powerful response to yesterday’s attempted Iranian attack” U.S. Central Command said in a post on social media Wednesday eve- ning. U.S. President Donald Trump had vowed to retaliate after Iran targeted a base in Jordan that hosts U.S. troops. Elsewhere, drone strikes ignit- ed fires on two natural gas vessels at the Egyptian port of Damietta, according to Ambrey, a British maritime security firm. It was not immediately clear who was re- sponsible for the strikes on a U.S.- owned floating storage facility and a Greek-owned tanker. No in- juries were reported. The flare-ups on multiple fronts after several days of rela- tive calm raised the risk of a re- turn to all-out war. It also under- scored the difficulty of winding down a five-month conflict that has jolted the world economy and is unpopular among Ameri- cans. The fighting was also likely to add to concerns that the U.S. is further drawing down already di- minished stockpiles of sophisti- cated munitions needed to de- fend its bases and allies. Egypt, a close U.S. ally and re- gionalmediator,isoneoftheonly countries in the Middle East to have been spared direct military action during the war. A strike by

launching a surprise missile at- tack on U.S. bases in the Middle East, ending several days of rela- tivecalm).Fewcouldpredictwhat would happen next if Iran launchedoneormoremissilesto- ward a city in Europe. The war in Ukraine and the struggle in the Middle East have been intertwined since early in the Russian invasion of Ukraine. Tehran began supplying Moscow with the first batches of the Shahed explosive drones in the fall of 2022. The buzzing Shaheds have terrorized Ukrainian cities on a near-nightly basis ever since. The two conflicts have burned dangerously closer together over the five months since the start of the U.S.-Israeli war against Iran. Russiahasreportedlyprovidedits ally Iran with intelligence and sat- ellite imagery to aid its targeting of U.S. military bases around the Middle East. Ukraine has sent its homegrown anti-drone systems, and teams of experts, to help bol- ster the air defences of the Gulf Arab states and other U.S. allies in the region. More than any other party, Uk- raine would probably welcome a widening of the conflict. After al- mostfourandahalfyearsoffight- ing the larger Russian army on its own, gaining the United States and Israel as allies would repre- sent a strategic success for Kyiv,

Iran or its allies, if confirmed, would mark a significant widen- ing of the conflict. Asked during an Oval Office event if Iran was responsible for the strikes on the natural gas ves- sels, Trump responded: “It’s a lit- tle more of the same.” “It’s going to be straightening out,” he added. “In the mean- time, we’re going to be hitting them very hard because it’s our turn to hit them. They know it’s coming. They’re asking us not to do it.” Saudi Arabia had accused the Iraqi militias of firing drones against its oil facilities over the past two days. An umbrella group of Iraqi militias initially denied the allegations, while another Iran-backed group – the Houthi rebels in Yemen – said they had attacked Saudi energy facilities as part of a separate but related con- flict. Before the latest eruption, mediators had expressed opti- mism about bringing the U.S. and Iran back to the negotiating table. An interim agreement collapsed in recent weeks over renewed fighting in the Strait of Hormuz, a crucial waterway for global ener- gy supplies that Iranian attacks have again effectively closed. A regional official said media- tors are “still trying with both sides” to restore calm and get the ceasefire back on track. He gave no details on whether progress was being made and spoke on condition of anonymity to dis- cuss the closed-door diplomacy. Regional countries will contin- ue to push to de-escalate the sit- uation, said an Arab official, add- ing that prospects for successful mediation were slim as both sides continue to launch attacks on the other and have shown no inclina- tion to stop. “We’re in a very bad place right now,” said the official,

which already sees Iran (along with North Korea, which has sent soldiers and artillery shells to aid the Russian invasion) as an ene- my state. It would also fit with Ukraine’s perception of what the two wars are about. The Globe and Mail vis- ited Kyiv in late 2023, shortly after the Middle East was set on its cur- rent course by the Oct. 7, 2023, at- tacks by Hamas – an Iranian- backed Palestinian militia – on southern Israel. One of the officials The Globe met with was Mykhailo Podolyak, then a key voice in Ukrainian President Volodymyr Zelensky’s office. Mr. Podolyak discussed the horrors of Oct. 7 and the war that had just begun in Gaza – which he predicted would divert the world’s attention away from what washappeninginhiscountry.The Globe probed Mr. Podolyak for his feelings on the wider Israeli-Pal- estinian conflict. Did Ukraine share common cause with the Palestinians (as in the Palestinian Authority, not Ha- mas) in seeking to end a military occupation, and looking for the world to uphold international law? Mr. Podolyak recoiled at the idea.Ukrainehadnothingincom- mon with the Palestinians, he said. Ukraine saw itself the same wayIsraeldid–asalonelydemoc-

who spoke on condition of ano- nymity to describe an internal as- sessment of the situation. The renewed hostilities sent oil prices spiking. Brent crude, the international standard, jumped 7.3 per cent to US$88.093 a barrel. Iran’sparamilitaryRevolution- ary Guard said it fired ballistic missiles at Jordan’s Muwaffaq Salti Air Base, a key U.S. military hub for the region, in a statement carried by the state-run IRNA news agency. Jordan’s military said five Ira- nian missiles had been intercept- ed and destroyed. There were no immediate reports of casualties or damage. The U.S. military later an- nounced that American and Sau- di fighter aircraft had struck mul- tiple logistics and weapons sites in eastern Iraq in response to the alleged drone attacks on Saudi Arabia. The Saudi Defense Minis- try warned that it “does not seek escalation but will respond to any aggression.” The Popular Mobilization Forces, a coalition of primarily Shiite Iranian-backed armed groups that is officially under the command of the Iraqi military, saidatleast20fighterswerekilled and 32 wounded in the overnight strikes. Six Iranian advisers were also killed, according to two Iraqi militia officials, who spoke to The Associated Press on condition of anonymity because they were not authorized to comment publicly. Iran’s deputy governor for politi- cal, security and social affairs in Markazi province told Iranian state media that four advisers were killed. The coalition joined the fight against the Islamic State group af- ter it seized large sections of Iraq in 2014.

racy, with dangerous, authoritar- ianneighbours.Nowwasthetime to fight and destroy those neigh- bours, he said, or else the cycle of violence would continue indefi- nitely. Ukraine has remained one of the most pro-Israel states in the world through the years of war in Gaza, Lebanon and Iran – and it hasallbutconfirmedthatitinten- tionallytargetedtheIraniancargo ship on Saturday, an attack that killed one sailor. Yevgen Korniychuk, the Ukrai- nian ambassador to Tel Aviv, told Israel’s Channel N12 on Sunday thattheIranianvesselwasalegiti- mate military target because it was carrying missile and drone parts bound for Russia. “This is notthefirsttimewe’vestruckmil- itary targets like these, and of course you can expect us to strike themagain,”Mr.Korniychuksaid, adding that Ukraine and Israel were fighting “the same enemy anddifferentsidesofthesameax- is of evil.” It’s language that has been usedbeforetodividetheworldin- to blocs, into groupings of coun- tries that are either “with us” or “withthem.”AndifIranhadtaken the bait and launched a direct at- tack on Ukraine, it would have erased many of the qualms that Canada, the European Union and other countries have about U.S.

Ukraine hits two major

Russian oil refineries as Kyiv intensifies pressure on Moscow

HANNA ARHIROVA BARRY HATTON KYIV

UkrainianforceshittwoofRussia’sbiggestoilrefineriesover- night in its latest long-range strikes, officials said Wednesday, as Kyiv deepened its economic, military and diplomatic pres- sure on Moscow. Ukraine’s almost daily long-range drone and missile strikes using domestically developed weapons have battered Russian oil facilities for months. The operation has brought a fuel crisis that is embarrassing the Kremlin more than four years after Russia’s all-out invasion of its neighbour. The overnight attacks started fires at a Lukoil refinery in Russia’s Perm region, more than 1,500 kilometres from Uk- raine,andarefineryinRyazan,about400kilometresfromthe border, Ukraine’s Security Service and General Staff said in separate statements. The refineries have a combined annual production capac- ity of around 220 million barrels of oil, according to Ukraine, and make a vital contribution to Russia’s military effort and its government revenue. It was not immediately possible to independently verify the claims. Ryazan Governor Pavel Malkov said only that six people were taken to hospital after a drone attack. He said drone debris caused fires at unidentified “industrial sites.” Russian online retailer Wildberries, a major supplier li- kened to Amazon that Ukraine has targeted in recent days, said it evacuated employees from a facility in Ryazan but pro- vided no further details. Russiahassophisticatedairdefencesbutitsvastterritoryis hard to comprehensively cover. The attacks came hours after President Volodymyr Zelen- sky visited Washington on Tuesday for talks with U.S. Presi- dent Donald Trump to push for more vital American help for Ukraine’s fight against its much bigger enemy. “Russia must feel that every day of this war will only come at a higher cost for it. We need to weaken the aggressor and keep up the pressure to bring an end to this war closer,” Mr. Zelensky said on social media. Ukraine’srecenthigh-profilesuccessesagainstRussiahave impressed Washington and helped restore U.S. goodwill after Mr. Trump’s reluctance at the start of his second term to keep supportingKyiv.ThatstancehadraisedthespectreofUkraine and Europe having to stand up to Russian aggression alone. Mr. Zelensky said he had a “good meeting” with the Amer- ican President, and Mr. Trump described the meeting as a “Great Honor.” The talks took place behind closed doors. “Manythingswerediscussed.Themeetingwentverywell!” Mr. Trump wrote on Truth Social. Mr. Zelensky said he also had a meeting in Washington with representatives of both parties in the U.S. Senate, with more than 60 senators in attendance, as Ukraine pushes for moresanctionsonRussia.Healsometwithrepresentativesof Lockheed Martin, days after he welcomed a delegation from Raytheon to Kyiv. The U.S. weapons manufacturers are a crucial source of so- phisticated weaponry, such as Patriot air defence systems, that Ukraine hopes to make itself. Mr. Trump said earlier this month he would grant Ukraine licences to manufacture the Patriots it needs to counter Russia’s ballistic missiles. Mr. Zelensky says Ukraine is discussing joint production and technology exchange with both Lockheed Martin and Raytheon. Ukraine is ready to share its cutting-edge – and battle-test- ed – drone technology. Its swift technical innovation has paid dividends as it helps pin down Russia’s bigger army on the front line and denies it supplies by hitting rear areas. That has impressed countries around the world. Matthew Whitaker, the U.S. ambassador to NATO, said during a visit to Ukraineearlierthisweek:“Fromreconnaissanceandlogistics to precision strikes, Ukraine has shown the world how un- manned systems can give smaller forces a decisive edge.” Prospects for a settlement to stop the fighting appear dim, despite a year-long diplomatic push by the Trump adminis- tration. But U.S. officials also agreed that Steve Witkoff and Jared Kushner, the President’s main envoys, would make a trip to Kyiv sometime in the future, according to a person familiar with the talks who was granted anonymity to discuss the closed-door meeting.

President Donald Trump’s war against Iran. An Iranian strike on Ukraine, particularly one that caused sig- nificant civilian casualties, could conceivably have forced Canada and the EU to more firmly pick sides. The world could well have found itself divided between the “axis” Mr. Korniychuk referred to, and those who oppose it – with both sides possessing large nucle- ar arsenals. China would have to assess how far its “no limits” part- nership with Russia really goes. AsofTuesday,whenMr.Trump held White House meetings first with Mr. Zelensky and then, sepa- rately, Israeli Prime Minister Ben- jamin Netanyahu, that hadn’t happened. There was no public talk of an alliance to counter the Moscow-Tehran “axis.” Instead – after what The New York Times described as “a flurry of diplomacy” – Ukrainian For- eign Minister Andriy Sybiha held an emergency phone call with his IraniancounterpartAbbasAragh- chi. Mr. Sybiha later posted on so- cial media that Ukraine “never in- tended to target civilian vessels or people.” Mr. Araghchi switched from threatening attacks to talk- ing about “restitution for losses.” In other words, cooler heads prevailed–andthewarsinEurope and the Middle East continue to burn separately. For now.

Page 5

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Page 6

Former Conservative cabinet minister

enters Toronto’s mayoral race

Observers say candidacy could siphon off votes from other challenger to Mayor Olivia Chow

MATTHEW FRANK

Former federal Conservative citi- zenship and immigration minis- ter Chris Alexander has registered as a mayoral candidate in Toron- to’s fall election, pitching himself as someone who brings an out- side perspective to civic politics. Mr. Alexander, a one-term MP who represented the eastern sub- urb of Ajax-Pickering, served in former prime minister Stephen Harper’s cabinet from 2013 to 2015. His candidacy has the poten- tial to shift the dynamics of the campaign, as Mayor Olivia Chow seeks re-election against Council- lor Brad Bradford, a centre-right municipal politician who lost to Ms. Chow in 2023 and has widely been viewed as her strongest challenger. Political observers say Mr. Alexander’s candidacy has the potential to siphon off votes from Mr.Bradford,whilebenefitingMs. Chow. On Wednesday, Mr. Alexander arrived at Toronto City Hall with his wife and three children to sign candidate registration papers for the election, which is slated for Oct. 26. Despite his previous Tory party ties, he told reporters he’s past partisan politics, and that the city needs centrist leadership to succeed. “As democracy in Canada has always shown, it doesn’t hurt and it usually helps when people from outside of a given political arena bring their expertise and their experience to bear,” he said. “I’m one of those people.” Prior to his stint in federal poli- tics, Mr. Alexander, who grew up in Toronto, served as ambassador to Afghanistan and lived in the country for six years while

Liberals block committee study

on Gordie Howe bridge deal

IAN BAILEY OTTAWA

Liberal MPs stymied a Conservative effort to forcedetailedhearingsonthedealPrimeMinis- ter Mark Carney reached with the United States on the operations of the Gordie Howe Interna- tional Bridge. Canada agreed to send the United States half of the bridge’s net toll revenues for 15 years, which led to the Trump administration drop- ping its objections to the $6.4-billion bridge’s opening. Conservative MPs called a meeting of the House of Commons government operations and estimates com- mittee Wednesday to urge a study of the revenue-sharing agree- ment, which was released in full last week. Its release contradicted Mr. Carney’s earlier description of the deal: The Prime Minister had pre- viously said tolls would not be splitwiththeU.S.untilafterCana- da’s debt to build the bridge was paid back. He subsequently con- ceded he was not as clear as he might have been in explaining the nature of the deal. The Conservatives have accused the Liberals of capitulating to the Americans, and failing to be transparent with Canadian taxpayers and businesses. Under a Conservative motion discussed at the committee, three cabinet ministers would have been called to testify before parliamentar- ians about the bridge deal: Canada-U.S. Trade Minister Dominic LeBlanc, Infrastructure Min- ister Gregor Robertson and Finance Minister François-Philippe Champagne. The motion al- so demanded the release of all drafts of the agreementwiththeU.S.,andaneconomicanal- ysis of the bridge by the Parliamentary Budget Officer. Conservative committee member Dan Albas

ABOUT 10,000 FEDERAL PUBLIC SERVANTS APPLY FOR EARLY RETIREMENT PROGRAM

OTTAWA About 10,000 federal public servants have applied for the government’s early retire- ment program, launched as part of a plan to cut the num- ber of bureaucrats. In December, the govern- ment began sending letters with information on the pro- gram to about 68,000 public servants who may have been eligible. Employees as young as 50 with at least 10 years of em-

Former federal Conservative cabinet minister Chris Alexander registered on Wednesday as a mayoral candidate at City Hall for the Toronto municipal election, which is scheduled for Oct. 26. MATTHEW FRANK/ THE GLOBE AND MAIL

I do hope that this committee will treat this issue with as much seriousness as it deserves.

said he welcomed the new bridge, and ac- knowledged challenges dealing with the Trump administration. However, he said Canadian taxpayers are owed explanations for why the agreement was ratified and why Mr. Carney gave contradictory statements. He also called for financial model- ling on the agreement to be released. “I do hope that this committee will treat this issue with as much seriousness as it deserves and not simply be dismissed,” said Mr. Albas. Ultimately, the Liberal members of the com- mittee voted to adjourn the meeting before holding a vote on the Conservatives’ motion. During the two hours of de- bate, Liberal MPs focused on the fact that the bridge is now open withattendanteconomicbenefits for Canadians. “This is a tremen- dous good news story for Canada and the United States,” said Ha- milton MP John-Paul Danko. Liberal MP Caroline Desroch- ers said she had not heard from the Conservatives on what they would have done differently giv- en the situation with the bridge. “How long would you have been willing to keep this bridge unopened?” she said. “This was the best course for taxpayers in the current context.” During the meeting, Conservative Leader Pierre Poilievre made a brief appearance in the committee room to greet the members of his caucus,accordingtoanOfficialOppositionspo- kesperson, but did not formally address the committee. Moments ahead of the end of the meeting, Mrs. Desrochers noted that Mr. Poilievre had earlier been in the room for about 20 minutes, claiming he was taking time that could have been used to discuss the Conservatives’ mo- tion. “Given that, Mr. Chair, I’d like to propose that we adjourn the meeting,” she said before the adjournment vote.

DAN ALBAS CONSERVATIVE COMMITTEE MEMBER

ployment and at least two years of pensionable service were eligible to apply. Successful applicants can retire with an immediate pension based on years of service, with no penal- ty for leaving early. The deadline to apply passed last week and, as of Tuesday, 10,006 applications had been received. Mohammad Kamal, spo- kesperson for Treasury Board President Shafqat Ali, said more

Canadian troops were deployed there. In 2016-17, he ran for the lead- ership of the federal Conserva- tives. Since then, he’s been a fel- lowoftheCanadianInternational Council and the Macdonald Lau- rier Institute and has worked as a consultant. Mr. Alexander said he decided to run to bring direction to Toron- to, which he sees as being eco- nomically idle. His diplomatic and federal career offers experi- ence in bringing people together to address “complex issues to find a solution,” he said. While Mr. Alexander said a specific platform will be public in “the coming weeks,” his focus will be on housing affordability, safe- ty and improving public transit. The Globe reported earlier this month that former Toronto may- or John Tory offered general ad- vice to Mr. Alexander before he decided to run. Mr. Alexander’s time in federal politics was coloured by an inci- dent during the 2015 federal

than 6,855 applicants have met the eligibility criteria and that number will grow as more applications move through the review process. The government has so far rejected just 41 applications. Under the program, the latest possible retirement date for public servants is Jan. 20, 2027. Rola Salem, a spokesperson for the Treasury Board of Cana- da Secretariat, said in an e-mail this month the decision to

campaign, when his party pro- posed a “barbaric cultural prac- tices” tip line to report incidents of honour killings, forced mar- riages and polygamy. Mr. Alexan- der lost his seat to the Liberals in that election. Mr. Alexander, who was a key driver of the proposal, has since described it as a mistake. “I do regret it, and I own the fact that we played that issue wrongly,” he said on Wednesday. “But I do not disassociate myself from my convictions and my values on this issue, which relates to the rights of women and girls everywhere, but espe- cially in places like Afghanistan.” Ms. Chow wasn’t available for an interview, didn’t comment on Mr. Alexander and said she will speak about the election in the fall. Mr. Bradford also wasn’t avail- able for an interview. When speaking to reporters on Wednes- day about Mr. Alexander entering the mayoral race, he said “I had never heard of him,” while saying

Carney, Smith announce

housing plan in Alberta

BILL GRAVELAND RED DEER, ALTA.

Prime Minister Mark Carney came to the Alberta heartland Wednesday to announce housing money, sit shotgun on a canola sprayer and catch an earful – at a distance – from flag-waving sep- aratists. Mr. Carney, with Alberta Pre- mier Danielle Smith at his side, announced $510-million in fed- eral funding for municipalities to build water and waste water in- frastructure to support new homes. “Strong communities start right here, they start with hous- ing,” Mr. Carney told reporters. “A home needs more than four walls. It also needs clean drink- ing water and a reliable sewage system.” Ms. Smith said Alberta will contribute at least one-third of eligible project costs – worth up to $428-million – for a province that has seen 600,000 more peo- ple over the past five years. “Builders can only build when the infrastructure is there to sup- port new communities,” she said. “A whole lot of work has to happen in the background, and literally under the ground, be- fore the first shovel ever breaks the surface.” Ms. Smith and Mr. Carney also touted shared projects, including on energy, hashed out over mul- tiple recent meetings together or with other premiers and leaders. “The premier said – I think she regrets this – that she has seen more of me than her

retire is a personal one and the department didn’t have a spe- cific target for early retirements. “We will continue to support employees as they consider their options and make the decision that is right for them,” he said. In its 2025 budget, the Liberal government committed to cutting the number of public service positions by about 40,000 by April, 2029, from a peak of almost 368,000 in 2024.

that he has no concerns about vote-splitting. He said Mr. Alexander’s role in the proposed “barbaric cultural practices” tip line is concerning. “In the most diverse city in the world, somebody who harbours those views, I think that makes you unfit for this office,” he said during the scrum at Toronto City Hall. Kelly Aizicowitz, executive director for non-profit citizens group A Better City Toronto, which has been advocating against Ms. Chow, said any vote for Mr. Alexander is one for the incumbent mayor. She said a “two-horse race” is needed to compete against Ms. Chow. “If Chris Alexander decides that he is going to stay in the race andcontinuetocreatedistraction with no credible path to victory, that takes away from talking about the issues that are facing Torontonians,” she said in an in- terview. Mr. Alexander told reporters hiscampaignisn’tbasedondivid- ing votes, and said “the votes of Torontonians aren’t a pie to be split up by strategists behind closed doors.” Myer Siemiatycki, professor emeritus of politics at Toronto Metropolitan University, agreed that Mr. Alexander’s entry poses challenges for Mr. Bradford’s campaign because now there are two alternatives to the incum- bent mayor. “It positions Mayor Chow to really focus on her own track record and to keep highlighting the strengths of what she has been able to accomplish and achieve for Toronto in her three years in office, while Mr. Bradford and Mr. Alexander may be spend- ing a fair amount of time going at each other.” He added that it may be diffi- cult for Mr. Alexander to make his federal experience an advantage because he was one-term politic- ian, which also serves as a reminder of the tip-line scandal.

husband,” he joked as Ms. Smith laughed. He said it’s the 10th time he has come back to his home prov- ince since the 2025 election win. He said the two levels of govern- ment “have shared ambitions and a shared sense of purpose and urgency to get things done.” As Mr. Carney spoke Wednes- day in the hot summer sun, chants and shouts could be heard from a distant group of Al- berta-flag waving separatist sup- porters. There were about 30 of them, kept at bay by police on bicycles. Mr. Carney also touted trade deals, including one with China to unlock $3-billion in export op- portunities for canola farmers. Later Wednesday, he saw the ca- nola up close at Antler Valley Farm, south of Red Deer. He was hosted by Scott McAl- lister and his father, Wayne. Mr. Carney climbed aboard a mas- sive blue-coloured sprayer – a mister of nutrients and insecti- cides – with tires that matched him in height. He sat beside the driver as the machine inched out of a Quon- set hut. He also got a crash course on determining the quality of cano- la. It involves pouring canola into a pan and shaking it so the worst part of the grain sinks to the bot- tom. “It takes a special touch,” laughed Mr. Carney as he vigor- ously shook the pan. “Panning for gold.”

THE CANADIAN PRESS

The size of the public service has decreased by more than 12,600 people over the past year. Treasury Board data show there were 357,965 employees at the end of March 2025, com- pared with 345,282 at the end of March 2026. About half of those jobs were casual, student and term posi- tions within the federal govern- ment, while the others were permanent employees. THE CANADIAN PRESS

Page 7

Three Greek

firefighters killed as blazes spread in Europe

Major Spanish fire in the Avila and Madrid region stabilizes, allowing authorities to lift some evacuation, shelter-in-place orders

YVES HERMAN LANTON, FRANCE NACHO DOCE EL TIEMBLO, SPAIN LEFTERIS PAPADIMAS ATHENS

Three Greek firefighters died battling blazes during high winds on the island of Crete and the mainland as wildfires spread across Europe on Wednesday after days of devastating fires in Spain and France. TwofirefightersbecametrappedintheCreteblazenearthe village of Krya Vrysi while they were driving between fire fronts. Another died in a separate fire in the Peloponnese re- gion, a fire department spokesperson told Reuters. ResidentsandtouristswereevacuatedfromKryaVrysiand other nearby villages, locals told Reuters by phone, as high winds pushed the fire out of control near popular holiday spots. “The wind is unbelievable – you can’t stand sometimes. The flames were huge, it was really scary,” said resident Chris- sa Gioukaki. The flames headed southeast towards the coastal town of Agia Galini, where hotels line a hill above a small harbour. Tourists were evacuated on buses and in cars on Wednesday afternoon, said Charalampos Sevvas, owner of the Galini Mare hotel. Earlier on Wednesday, the head of the EU’s emergency re- sponse centre said that Greece and Italy were set to face a heightened wildfire risk in the coming weeks. Europe, the world’s fastest-warming continent, has en- dured record-breaking heatwaves this year, as human-driven climatechangeisintensifyingtheheatanddroughtthatallow wildfires to spread faster. Blazes have forced large-scale evacuations of people in Spain and France over the past days, scorching through for- ests and killing wildlife. Spanish Interior Minister Fernando Grande-Marlaska warned of “three tough days” ahead, with strong winds and hightemperatures,evenasthemajorfireintheAvilaandMa- drid region stabilized, allowing authorities to lift some of the evacuation and shelter-in-place orders. Officials meanwhile warned of another fire in the north- westernSpanishprovinceofZam- ora.Theyissuedanevacuationor- der for six towns and asked about 1,000 people to shelter in place. Spain’s weather agency AEMET said temperatures were expected to reach 40 C on Wednesday in at least six regions, which have been placed on orange alert, the sec- ond-highest level. In France, temperatures in the southwest, hit by devastating fires, were expected to rise from around 33 C on Tuesday to peak at 41 C, according to Meteo France, while dry winds in the after- noon could stoke flames. FrenchfirefighterskeptamajorblazewestofBordeauxsta- ble overnight. And near Bordeaux’s airport, which has re- mained open, tramway services resumed and hotels reo- pened. But officials warned the wildfires were far from over. The southwestern municipality of Lege-Cap-Ferret flagged severalflare-upsinthearea,addingthatfirefightershadman- aged to stabilize them. In Le Temple, around 30 km away, firefighters with trucks and hoses and supported by aircraft, worked to extinguish a reigniting fire that set trees and vegetation ablaze. “We remain vigilant of course today, considering the fore- cast weather conditions, with a new rise in temperatures and higher wind speedsintheafternoon,”firefightercommander Matthieu Jomain told reporters earlier in the day. The impact on the forests has been widespread. The wild- fireintheLandesareawestofBordeaux,apopulartouristdes- tination, has devastated 42,000 hectares of mainly pine trees. Authorities have evacuated about 220,000 people, includ- ing holidaymakers and local residents, as the fire threatened theCapFerretpeninsulaontheAtlanticcoast,onlyaccessible by one road. About 60,000 people have been allowed back. Raphael Fohanno could not believe what had happened to hisparents’houseinthesmallbeachtownofBiscarrosse,also hit by wildfires in southwestern France. “It’s a shock, thinking that just an hour earlier I’d been in my room and everything and now, there’s nothing left,” 18- year-old Mr. Fohanno said. His parents and sister had been evacuated by helicopter while he was out of the house. From Thursday onward, danger levels in southwestern France appear likely to decrease thanks to some thunder- storms, lower temperatures and increased humidity, but will remain high in the southeast, Meteo France said. Fourpeoplewerearrestedinrecentdaysinthearea,oneon suspicion of stealing jewellery from evacuated houses, two for allegedly stealing food from an evacuation centre in Bor- deaux, and one for pretending to be a therapist and offering paid sessions to evacuees, police said. In Spain, while the situation had improved in the central provinces of Avila and Madrid, a blaze in eastern Castellon re- mained out of control after burning more than 10,000 hec- tares as weather conditions triggered several flare-ups. Around 10,000 evacuated residents were still unable to re- turn to their homes in Castellon. But in a moment of hope, a veterinary hospital housing dozens of horses was saved from the flames in La Vilavella in theprovince,thankstotheeffortsoflocals.“Miraclesexist.We have been saved!” said veterinarian Oscar Quemades. More frequent and intense heatwaves are causing thou- sands of excess deaths and increasingly disrupting everyday life, from snarling road and rail travel to hindering river ship- ping. Highlighting the devastation wrought on the country- side and wildlife, Reuters drone footage from El Tiemblo, in Spain’sAvilaprovince,showedcharreddeercarcassesinafor- est burnt to ashes. A Madrid resident who gave her name as Cintia was horri- fied by the scene in El Tiemblo, a place she has often visited. “We used to bring food up for the animals,” she said. “And look where it is today.”

Blazes have forced large-scale evacuations of people in Spain and France over the past days, scorching through forests and killing wildlife. “While we will continue to offer support to our international law enforcement partners, the RCMP does not comment on investiga- tions being conducted by other countries.” A report by a European news consortium, including EU news platform Follow the Money, and Belgian national news outlet Le Soir, named the Canadian intern as Claire Z. and said she had come to the attention of SHAPE’s internal counterintelligence ser- vice after exhibiting suspicious behaviour including hanging around NATO’s buildings and asking questions. SHAPE shared the information with the Belgian military intelli- gence service. The matter was then referred to the Belgian fed- eral prosecutor’s office, which launched an investigation. The Follow the Money report quoted a source saying the young Canadian woman was ex- hibiting behaviour that went be-

Nuria Sanchez, from Fresnedillas de la Oliva, which is more than 40 kilometres west of Madrid, is reconsidering staying in the countryside with her daughter after the fires. MARCUS YAM/THE GLOBE AND MAIL

Spain: Town mobilizes to get prescriptions

for elderly, open swimming pools for children

FROM A1

FROM A1

This show of solidarity was a life- line for Nuria Sanchez, 48, and her family from Fresnedillas de la Oliva, a small municipality more than 40 kilometres west of Madrid. Five days earlier, they com- plied with a government alert to prepare an emergency three day go-bag. But when they were dropped off at the shelter in Mós- toles, a stranger immediately came up to her and asked: “What do you need?” “Some random guy got me ev- erything we asked for,” she re- called of the volunteer. Ms. Sanchez had thought her village of 1,800 people was a good place to raise her daughter, but now she is re-evaluating stay- ing in the countryside after the wildfires. “All of Spain is burn- ing,” she said. Just seven kilometres away from Móstoles in Alcorcón, an arts community centre was transformed into a tentative home for more than 50 people. “We didn’t have beds, towels, nothing,” said Alessandra Rom-

NATO: Report quotes a source saying accused

exhibited behaviour that went beyond a mere intern

B.C. WILDFIRE AFFECTS WATER, POWER SYSTEMS AS CLINTON RESIDENTS AWAIT NEWS

The chair of the board in Brit- ish Columbia’s fire-stricken Thompson-Nicola Regional District says that for a lot of people, the wildfires burning in the area will be “one of the most traumatizing events” they’ll live through. Barbara Roden told an on- line meeting with about 350 people on Wednesday to reach out for help if they need it, as properties remain under evac- uation order across the region, including the village of Clinton, with no timeline for residents to return. “No matter what your expe- rience of this fire is, whether you are someone who is find- ing out or is about to find out that you have lost property, whether you’re someone on evacuation order who is away from your home, whether you were under evacuation alert, it is a traumatic, frightening experience,” she said. Clinton’s CEO Brian Dod- dridge told the meeting that

ero Guijarro, a volunteer co-ordi- nator at the shelter. “So we roll up sleeves up and get to work.” The first evacuees to arrive days earlier had been elderly pa- tients from a nursing home. The town mobilized to get them pre- scriptions left behind in the hasty escape. Officials allocated funding to procure necessary supplies and opened the town’s swimming pool for children. Lo- cal police offered rides. Malika Toudda, 43, and her husband Rashid El Koudire, 54, had seen fires before, but never of such a destructive magnitude. The couple – originally from Mo- rocco – fled their town of Cen- icientos, at the foot of the moun- tains to the west of Madrid, by car, carrying with them only their Spanish and Moroccan doc- uments. “The clothes I can buy,” Ms. Toudda said. “The papers – I don’t want to go through the bu- reaucracy again.” Many evacuees brought their cats and dogs with them, but Ms. Toudda had to leave their dog, Kiara, and cats, Simba and Nala, behind. Their other relatives also

yond that of a mere intern at NATO. According to a security of- ficial, the article said, she had been seen loitering around NATO’s buildings and was fre- quently asking hypothetical questions about breaches of se- curity protocols. It said she had arrived in Mons in July, 2025, to begin her intern- ship in SHAPE’s IT department and extended her initial six- month term to a year. The news report said Claire Z. speaks Chinese and English and was an expert in artificial intelli- gence. In 2022, she obtained a master’s degree in computer sci- ence from a Canadian university and has written several academic papers. “The Government of Canada, following security assessments provided by CSIS, makes the final decision to grant, deny, or revoke security clearances for Canadians seeking positions with interna- tional organizations, including NATO,” said Brittany Fletcher, spokesperson for Global Affairs

property owners will get calls over the next few days to in- form them if their home has not survived the large Pear Lake blaze, which measures about 668 square kilometres. Mr. Doddridge said the area’s watershed has been “severely damaged” and work is being done to see what effect that has on water quality. “We don’t know the specific of what that looks like on the land yet. We are looking to get eyes on that as soon as we can,” he said. “What we do know is that is going to affect our water qual- ity, and while we know that people don’t need perfect water in order to return to their homes necessarily, we do need to know what the implications of that are for public health and for our water treatment facilities before we can start getting back in there.” Gregg Jackson, a senior field operations manager with BC Hydro, said the fire has caused

had to fit in the vehicle. The thought of her pets potentially dying made her cry. The couple and other relatives returned home on Wednesday to see if their house was still stand- ing. But the fresh empanadas, fried dough, macerated peaches and chocolate cake that volun- teers distributed Tuesday night helped Ms. Toudda push aside her fear. “They make you feel at home, they make you feel like a small kid because they bring the things to your hand,” Ms. Toudda said. Outside the centre, other eva- cuees prepared to board a large green city bus that would take them back to their homes in towns deemed safe again. Volunteers hugged Abdul Aziz, 29, an electrician from Ca- dalso de los Vidrios, about 65 km west of Madrid, as he left. The fa- ther of three was anxious to know if his house was still in one piece. This was his first evacua- tion. On Wednesday, he sent an up- date: his house was untouched. But the road home was an ex- panse of land scorched by fire.

Canada, on Tuesday night. It is not known on behalf of which third country the Cana- dian intern is alleged to have spied. On Thursday, Belgian officers searched the suspect’s home and place of work inside NATO’s command centre, with support from a computer crime unit and a forensic and scientific unit, the prosecutor’s office said. The sus- pect was arrested the next day. Colonel Martin O’Donnell, a SHAPE spokesperson, said in a statement on Saturday that there is no indication that NATO or SHAPE operational readiness, command and control arrange- ments, or continuing tasks had been adversely affected. “SHAPE continues to fulfill its responsibilities without inter- ruption,” he said in an e-mail. “NATO remains fully committed to protecting Allied personnel, safeguarding classified informa- tion, and maintaining the trust and security upon which the Alli- ance depends.”

“unprecedented damage” to the transmission system in the region, with hundreds of power structures destroyed, including substations and high-voltage lines. He said they hope to have power back on to the down- town core of Clinton by later next week – as long as fire activity doesn’t increase. “To put that in perspective, we have 145 structures that are requiring replacement along that corridor and we have approximately seven kilometres of power line itself, the wires that are attached to the poles, that have to be restrung,” said Mr. Jackson of the restoration efforts along Highway 97 and the village. There are about 130 active wildfires burning across the province, including about 50 that are out of control, as the wildfire service warns of the return of a warming and drying trend this week. THE CANADIAN PRESS

Page 8

S

The prenup paradox:

Plenty of people say they want to sign one. Only 4% of Canadians do

Part of the legal landscape in Canada for decades, marriage contracts are intended to bring clarity and certainty, yet most Canadians are avoiding them for their expense and emotional toll

ZAHRA KHOZEMA ILLUSTRATION BY DOMINIC BUGATTO

arah Baker thought getting a prenup would be relatively simple when her fiancé brought it up. Instead, it has become one of the most complicated, expensive and emotionally draining parts of planning their future. What started as a conversation about protecting assets has stretched into two years of negotiations over clauses like how his rental properties would be treated and whether to include custody of their two dogs. The Toronto-based tech worker and her partner, both 35, have spent nine years building a life togeth- er. They’ve lived together for seven years, own a home and have pets. “Wegrewinthetimethatwe’vebeentogether.It’s such a mess to untangle everything that we’ve done,” she said. So far, Ms. Baker has spent around $16,000 in le- gal fees, while her partner has paid roughly $6,000 to $8,000. She’d originally budgeted less than $4,000. Thelengthyprocess,markedbyrepeatedrewrites and clashing and slow-moving lawyers, has started to reshape how Ms. Baker sees her relationship. In- steadoffindingcommonground,it’sbeen“adversa- rial,”shesaid.Itfeels“morelikeadivorcethanapre- nup.” Prenuptial agreements, more commonly known as prenups or marriage contracts, have been part of the legal landscape in Canada for decades. They are meant to bring clarity and certainty in the event a marriage breaks down, yet most Canadians still avoid them, often because of the very cost and emo- tional toll that Ms. Baker encountered. Prenups loom large in pop culture – from reality TV shows like Love Is Blind and The Real Housewives to headlines around who would get what in a hypo- thetical breakdown of the much-hyped Taylor Swift and Travis Kelce marriage. Therealityisfarlessglamorous.A2026NanosRe- search survey commissioned by The Globe and Mail found that of married respondents across Canada, only 4 per cent have a prenup. Even among professionals who regularly advise clients on money, prenups remain surprisingly ab- sent from the conversation. In his 15 years as a certi- fied financial planner, Toronto-based Dave Giles, who works with Stonewater Financial Group under Sun Life, says not a single client has ever raised the topic with him. He believes the gap between people wanting – and actually getting – a prenup stems from a strong “icky” stigma that surrounds them. They feel unro- mantic and pessimistic, especially when you’re in

the“everything’sgoingtobeperfect”phaseofarela- tionship. The results of the Globe’s Nanos survey back that up, with the top drawbacks to getting a prenup cited by respondents being the emotional strain it could place on a relationship and the distrust it might in- troduce. Even for couples who understand the fi- nancial logic, Mr. Giles said that kind of backlash is often enough to kill the idea before it gets to a law- yer’s office. Prenups remain rare despite the prevalence of di- vorce in Canada. Statistics Canada data shows around 37 per cent of marriages end in divorce. Toronto family and estate lawyer Julia Fogarty says the financial consequences of separation can be huge, with disputes over property, debt and sup- port leading to lengthy legal battles costing couples “thousands and thousands of dollars” in fees. A prenup is “a clear-cut way to divide up your in- terests” in case of separation, she says. The legal contract is signed most often before marriageandoutlineshowpropertydivision,inher- itances, existing assets, debts and spousal support would be handled if a couple separates. They are in- tended to be legally binding, but can still be contest- edincourtdependingoncertaincircumstances,she said. For some couples, however, the biggest obsta-

cle isn’t the doubt or discomfort – it’s cost. In the Globe’s Nanos survey, which collected data from over a thousand adult Canadians, 11 per cent of respondents identified the high legal costs of get- tingaprenupasthebiggestdrawback.AmongCana- dians aged 18 to 34, that figure rose to 16 per cent. The cost and complexity of a prenup often de- pend on what a couple is trying to protect and how much negotiation is required between the two par- ties. Inthesimplestsituation,whereacouplewantsto ensure that a home, inheritance or investment ac- count they brought into the relationship remains separate if the marriage ends, Ms. Fogarty says it could cost anywhere from $2,500 to $4,000. If par- ties are unresponsive or have more complicated as- sets, the costs escalate. The hope, of course, is that the upfront cost of a prenup will help avoid a far more expensive legal fight later. While a straightforward, uncontested divorce can cost around $1,800, legal fees rise quickly once cou- ples begin fighting over assets. A single court ap- pearance in a contested case can cost $5,000 to $8,000, she said, while a family law trial typically starts at around $20,000 and can exceed $70,000, depending on the complexity of the dispute. When a prenup is in place, often those contested parts havebeenworkedoutaheadoftime,sothedivorces tend to be more straightforward and less costly. “The upfront investment can add up, but when you compare it to the cost of [a divorce] litigation, it’s a drop in the bucket,” she said. ManyofMs.Fogarty’sprenupclientsarethoseen- tering their second marriage or marrying later in life than previous generations, bringing more assets into the relationship than their parents did. By their 30s, many Canadians already have property, invest- ment portfolios, pensions or expect to receive an in- heritance. But more younger Canadians are showing inter- estinprenups,particularlyashousingbecomeshar- der to afford and family money plays a bigger role in home ownership. B.C.-based lawyer Aimee Schalles says the tradi- tional image of prenups as something only older or wealthier couples need is starting to shift. A recent study by TD Bank showed that 31 per centofCanadianssaytheywanttheirpartnertosign a prenup or cohabitation agreement. Interest was especially high among younger generations, with 52 per cent of Gen Z respondents saying they wanted one. Yet the gap between interest and action remains stark. Only 4 per cent of those polled in the TD Bank study said they had signed one – in line with the findings of the Nanos survey.

Harman Dosanjh, 31, and her husband Jhanan Uthayakumaran, also 31, of Markham, Ont., decided to sign a prenup before their June wedding. PETR GUBANOV

Page 9

2%

9%

20% 26%

One reason that may begin to change is the grow- ing role parents are playing in helping younger Can- adians buy homes. As down payments increasingly come from family, more parents want legal assur- ances that those gifts or loans will be protected if a relationship ends, says Aimee Schalles. Ms. Schalles is a co-founder of Jointly, an online platform that helps Canadians create prenups and cohabitation agreements. The service includes an educational course followed by a self-guided agree- ment builder and typically costs $429 plus tax. Couples who want independent legal advice must still hire their own lawyers (and some prov- inces require a lawyer’s involvement), but because the agreement has already been drafted, Ms. Schallessaysthoselegalfeesaretypicallylowerthan starting from scratch. In her experience, independ- ent legal advice generally costs between $400 and $800 a person, bringing the total cost for a couple to roughly $1,600 – about half the average cost of hav- ing lawyers draft a prenup entirely on their own. But Ms. Fogarty, who specializes in complex, high-conflict situations, cautions that presenting a drafted agreement to a lawyer does not necessarily reduce a lawyer’s fees. In her experience, much of theworkinvolvedinpreparingalegallybindingpre- nup is not in drafting the document itself, but in re- viewing financial disclosure and tailoring the agree- ment to a couple’s specific circumstances. One common scenario Ms. Schalles sees where people are turning to prenups involves couples buy- ing their first home together, often with financial help from their parents. “Buying a home in Canada is really a million-dol- lar-plus decision these days,” she said. “We’ve defi- nitely had parents reach out to us directly and buy a gift certificate for their kids or pay for the subscrip- tion for their children to go and do the agreement because that’s a condition of them providing funds for a down payment for a home.” That was the case for 33-year-old Zahra Alam. The Mississauga,Ont.-basedrespiratorytherapistsigned a prenup with her husband, Shahzeb Jafri, 35, before their 2021 marriage. But the idea didn’t come from the couple – it came from her father. A few years earlier, Ms. Alam had purchased a condo with help from her family. Her father, who covered 20 per cent of the purchase price, wanted to ensure that contribution would be protected if the marriage ever ended. At first, Mr. Jafri was hesitant, Ms. Alam recalled, saying when somebody hears prenup, they think you don’t trust them. Butafterafewconversations,Mr.Jafriagreed.The coupleworkedwithlawyers,revieweddraftstogeth- er and signed the agreement before their nikkah, a traditional Islamic marriage ceremony. The process took about a month and cost roughly $500 each. Unlike the couples facing four-to-five-figure legal bills, Ms. Alam’s agreement was relatively straight- forward and the lawyer she used was a family friend. Her father paid for her legal fees. Ms. Schalles says domestic agreements may mat- ter even more for “ordinary people” than the ultra- rich. For younger Canadians who spend years saving for a down payment, she said, clarity around who owns what and avoiding tens of thousands of dol- lars in legal fees later can make “a real difference.” Sheaddedthatgrowinginterestinprenupsisalso driven by experience. Many people have watched friends or family go through painful separations and want to avoid the same outcome. For all the attention paid to the cost and discom- fort, Ms. Schalles argues that a prenup can offer a crucial benefit: It forces couples to have discussions they might otherwise avoid. She said those conversations can reveal early on whetherpartnerssharesimilarvaluesaroundfinan- cial transparency, conflict resolution and long-term planning – all of which can help couples assess whether they are truly aligned for marriage. In the Nanos survey, 16 per cent of Canadians ranked discussing finances before committing as the top benefit of a prenup, putting it nearly on par with protecting real estate and family inheritances. For people nervous about raising the topic, Ms. Schalles suggests approaching the conversation gently and framing it around financial transparency rather than mistrust. Instead of treating a prenup as planning for fail- ure, she recommends presenting it as part of build- ing a strong foundation together – one that’s rooted in openness about money and shared expectations to avoid surprises down the road. That was one of the reasons Harman Dosanjh, 31, and her husband Jhanan Uthayakumaran, 31, decid- ed to sign a prenup before their June wedding. The couple, who live in Markham, Ont., first dis- cussed the idea several years before getting engaged and neither viewed it as a sign of distrust. “A prenup allows us to dictate our separation within our own terms as opposed to having the gov- ernment or the courts decide how things should be split,” Mr. Uthayakumaran said. “We took control of whatever is a choice for maybe in the future.” By the time the couple began planning their wed- ding, both had already accumulated assets of their own. Ms. Dosanjh owns part of a townhouse with her parents, while Mr. Uthayakumaran and his mother own the home the couple will live in after the wedding. Both also have retirement savings, in- vestment accounts and workplace benefits. “It’s not our parents’ generation anymore,” Ms. Dosanjh said. “They didn’t have any individual as- sets. Everything they built was together.” For the couple, one of the biggest advantages of creating a prenup was that it pushed them to sit down and take stock of all the assets they were bringing into the marriage. “It forced us to have practical conversations about finances,” she said. Like Ms. Alam, Ms. Dosanjh and Mr. Uthayakum- aranwantedcertaintyaroundtheassetsthatpredat- ed the relationship. For Ms. Dosanjh, that included something else: her dog, Link. “I’ve had Link longer than we’ve been together,” she said. “It was very im- portant to me that I maintain 100-per-cent custody.” Unlike Ms. Baker’s two-year ordeal, their process was relatively quick and inexpensive. The couple used Jointly, the online platform co-founded by Ms. Schalles, and paid less than $500. They chose not to have separate lawyers review the agreement after- wards. They did, however, build in a provision to re- visit the agreement every few years and seek legal advice as their finances became more complex. As a legal counsellor herself, Ms. Dosanjh under- stands that it’s a step colleagues recommend, but the costs of getting a lawyer did not feel justified for their fairly uncomplicated assets. For Ms. Fogarty, a prenup is only as valuable as its ability to hold up if it is ever challenged in court,

4%

After purchasing a condo in Mississauga a few years earlier, Zahra Alam was encouraged to draw up a prenup before marrying husband Shahzeb Jafri in 2021. GALIT RODAN/ THE GLOBE AND MAIL

whereagreementscanbesetasideiftheyareimpro- perly drafted, signed under duress, or created with- out full financial disclosure from both parties. That’s why Ms. Schalles still recommends that each partner obtain independent legal advice even when using her online platform. Similarly,couplesmightbetemptedtowritetheir own agreement and get it notarized. But Ms. Fogarty says notarization – which most family lawyers don’t charge their own clients for or charge only a nomi- nal fee – is not what makes a prenup enforceable. Requirements vary by province, but courts general- ly look at whether both parties fully disclosed their finances and received independent legal advice. Skipping those steps can end up costing significant- ly more later if couples first have to litigate whether the agreement itself is valid. While prenups are a way to shield existing assets, Ms. Fogarty says the most difficult negotiations usu- allycentreonfuturewealth,likehowafuturehome, business growth or parental gifts will be divided if things fall apart.

Do you have / would you get a prenuptial agreement? Per cent of respondents

Married, no prenup

Married, have prenup

Common-law, no prenup

Common-law, with prenup

Single, would not get prenup

Single, would get prenup

Don't know / unsure

Based on a randomized hybrid telephone and online survey of 1,003 Canadians conducted from May 3 to 6, 2026.

Based on a randomized hybrid telephone and online survey of 1,003 Canadians conducted from May 3 to 6, 2026. Weighted to the true population proportion.

THE GLOBE AND MAIL, SOURCE: NANOS RESEARCH

THE GLOBE AND MAIL, SOURCE: NANOS RESEARCH

Top-ranked drawbacks of getting a prenup Per cent of respondents

All respondents 18 to 34-year-olds

All respondents 18 to 34-year-olds

The emotional strain and arguing it could lead to

It builds distrust

None of the above/no drawbacks

7%

17% 6%

It creates an uneven power dynamic

The high legal cost of getting one

Top-ranked benefits of getting a prenup Per cent of respondents

Avoiding costly divorce disputes

Protecting existing real estate

Encouraging financial discussions before commitment

Safeguarding family inheritance

11%

19%

19% 18%

12% 17%

11% 16%

17% 19%

16% 16%

This can be especially complicated for Ontario couples. Under the province’s equalization system, property is not automatically split 50-50 for married spouses. Instead, the law compares how much each per- son’s net worth grew during the marriage, and the spouse with the greater increase may owe the other a lump-sum payment so both leave with an equal increase in wealth, Ms. Fogarty said. Those are exactly the considerations at the heart of Ms. Baker’s continuing negotiations. While she and her partner entered the relationship with simi- lar financial means, the couple spent years building theirwealthtogether.Theyshareahome,holdcom- mon-law status, which impacts their taxes and eligi- bility for loan and medication cost relief, and work together to help each other with investments. “It’s been kind of a mess to undo this ball of yarn. You’repullingatthedifferentareastotrytoseparate everything when you’ve already been together for so long that everything naturally is connected,” she said. “It’s almost like you need a prenup before going into living together rather than pulling it up after,” said Ms. Baker. That’s exactly the purpose of a cohabitation agreement. It covers the same types of things as a prenup, but for unmarried couples, said Ms. Schalles. According to Statistics Canada, the number of couples living in common-law relationships has grown significantly over the past few decades, cre- ating situations where couples may spend years ac- cumulating assets together before ever discussing a prenup or cohabitation agreement. From 1981 to 2021,thenumberofcommon-lawcouplesincreased by 447 per cent, a much faster growth than that of married couples over the same period (up 26 per cent). That said, as of 2021, marriage remained the most common type of union, with more than three-quar- ters (77 per cent) of couples married, and the re- maining 23 per cent living common law. In Ms. Schalles’s experience, many Canadians are surprised to learn how dramatically family law dif- fers not only between provinces, but also between married and common-law couples. In B.C., for example, after two years of living to- gether,thelawtreatsyounearlythesameasifyou’re married, she said. Ontario operates differently. Common law part- ners do not automatically have the same property rights as married spouses, though they can still make claims in certain circumstances. Ms. Fogarty says the value of a prenup – or a co- habitation agreement, for common-law couples – is often impossible to appreciate until a relationship ends. ForMs.Baker,whoseprenupnegotiationsremain unresolved, that logic is part of what keeps her mov- ing forward. But after thousands of dollars and two years of discussion, she feels too far into the process to sim- ply walk away. “It sucks, but it is what it is at this point.” But for Rachel McIntyre, getting an agreement has been well worth it. More than a decade ago, before her then-partner moved into the Cambridge, Ont. home she owned, Ms. McIntyre signed a cohabitation agreement. The contract, which cost roughly $3,000 and was paid for by her mother, stated that the home would re- main hers if the relationship ended and that there would never be any spousal support. Her partner did not hire a lawyer to review the document before signing it, something she now regrets not pushing for. A few years later, the couple married and the co- habitation agreement effectively started function- ing as a prenup. When the relationship ended last year, the 44-year-old said it became one of the most important legal documents she had ever signed. During the separation, Ms. McIntyre said her for- mer partner challenged the contract, leading to a six-month legal back-and-forth that cost Ms. McIn- tyre $30,000. Nonetheless, the document still proved critical. “Had I not had the agreement,” she said, “I would have had to give him half the value of my house.” Ms. Schalles confirmed that the absence of sep- arate legal counsel does not automatically invali- date an agreement in all provinces. But she was ada- mant that both parties “speak to someone inde- pendently so there’s no allegation that someone’s been pressured or that another partner’s lawyer pushed them into agreeing.” For Ms. McIntyre, the agreement offered valuable “peace of mind.” Knowing that she had one “made the prospect of separating and divorcing something feasible.” Now, her advice to people considering marriage and prenups is to think beyond who your partner is today. “People change,” she said. “You will not be the same person you are today in 15, 20 years, and the person you marry will not be the same person they are today.” “You have to protect your future self,” she said.

49%

26% 25%

Page 10

I

EDITORIAL

The PM’s

rhetorical fog over a bridge

t might have been the time zone. Perhaps it was the hat. It

could have been Prime Minister Mark Carney’s punishing

schedule. Or maybe it was an unwillingness to speak

clearly to Canadians.

Whatever the explanation, Mr. Carney misled the Cana-

dian public for days when describing the deal reached with

the Trump administration to open the Gordie Howe Interna-

tional Bridge between Windsor, Ont., and Detroit, Mich.

The opacity started with the July 10 news release announc-

ing a side deal that would allow for the opening of the bridge,

which the Trump administration had been stalling. That

news release was, generously speaking, somewhat light on

details, announcing “a series of cooperative measures fo-

cused on toll governance and transparency, as well as invest-

ments in the region, including through the establishment of

a 15-year economic development fund tied to a portion of

profits from bridge operations.”

That was a change from the original arrangement in 2012,

in which Ottawa would receive all toll revenues until it

recouped the $6.4-billion it spent to build the bridge. (The

Harper government had opted to pay the full cost of the

bridge in order to get the project moving.) Only after the debt

was cleared would Canada and Michigan start splitting toll

revenues.TheagreementnotedthatsuchpaymentstoMichi-

gan were not expected to begin for 50 years, at least.

Mr. Carney followed that up with a July 12 interview with

CTV News in Calgary, in which he provided some more

details on the side deal, the text of which had not yet been

released. The deal he described seemed balanced: Yes, there

would be payments into an economic development fund,

but only after Canada was “paid back.”

“We are sharing after Canada is paid back,” Mr. Carney said

(while wearing a cowboy hat at Calgary Stampede on Sunday

morning – more on that in a moment). “We get the revenues.

Then the servicing of the costs of the bridge, and paying the

debt of the bridge. And then what’s left over, there’s a split of

that for 15 years.”

A statement from the federal government that same day

said the U.S. would receive half of net profits from toll reve-

nue, among other provisions.

Mr. Carney’s answer had evolved by July 16, when reporters

again asked him about the terms of the deal, which had still

not been made public. Mr. Carney was asked specifically as to

whether debt repayment would be subtracted from toll reve-

nues when calculating net profits, and payments to the Unit-

ed States.

That is a key question: If some amount of debt repayment

were included in operating costs, then the spirit, if not the

letter, of the 2012 agreement would survive.

Mr. Carney’s answer on July 16 was anything but clear.

Nothing he said appears to be incorrect, when compared to

the text of the agreement, which was finally made public on

July 22. But what he avoided saying explicitly – debt repay-

ment will not be included when calculating payouts under

the side deal – was a significant omission.

The text of the agreement makes no mention of debt

repayment, instead defining net revenues as “all revenues

collected with respect to the bridge, less all incurred oper-

ating costs of the bridge.”

On July 23, a reporter asked Mr. Carney whether he had lied

on July 12, when he had said payments would be made only

after debt repayment – when Canada was “paid back.” What

followed was the mildest of mea culpas.

“Could I have explained it better on a Sunday morning, at

Stampede, with a cowboy hat on? Yes, I could have explained

it better,” he said, adding that he had provided a better expla-

nation on July 16.

Mr. Carney would have Canadians believe that he had a

verbal slip at an inopportune moment. But that implication,

too, is at odd with the facts. His explanation four days later

also avoided speaking the plain truth of the matter: Canada

made concessions to get the Gordie Howe bridge opened,

which will mean profits are diverted from debt repayment,

and that the United States receives funds decades earlier

than under the 2012 agreement.

It’s not hard to see why Mr. Carney does not want to say

that plain truth out loud; Canadians might be angered by so

blatant a shakedown. The only thing that might make them

LETTERS TO THE EDITOR

PRESCRIPTION FOR BURNOUT

Re “Burnout driving Canadian emergency room doctors to reduce hours or leave the field, new study finds” (July 27): Cana- da’s emergency departments reveal the strengths and failures of our health system. Hallway medicine, prolonged waits and clinician burnout are not simply problems of funding or capacity. They are symptoms of a frag- mented system that intervenes too late. Patients turn to emergency departments because primary care, home care and timely fol- low-up have failed them. Build- ing larger ERs will not solve this problem. Preventing unneces- sary visits will. Canada has proven solutions. Programs such as Virtual Recov- ery After Surgery at the Ottawa Hospital demonstrate that remote monitoring, pro-active follow-up and co-ordinated care can reduce emergency visits, shorten hospital stays and im- prove outcomes. Similar models can transform care for chronic disease, frailty and mental health. The challenge is no longer innovation. It is implementation. Canada must start scaling pro- grams that measurably improve outcomes. A learning health sys- tem, driven by transparent data and accountable leadership, offers our best path to restoring Canadians’ confidence.

Daniel Dubois, MD; Ottawa

I did a brief ER orientation many years ago. Why anyone would want to work in one is beyond my comprehension. Not only are you faced with the challenge of diag- nosing the patient, you have safe- ty issues. You could be dealing with anything from a simple sprain to a heart attack to an angry patient who wants to take you out. With some changes, this could be a much different situation. Perhaps opening psychiatric hos- pitals to take care of the mental health and drug addiction issues would cut out some of the phys- ical dangers.

Leslie Martel, RN retired; Mississauga

TESTING PLAN FAILS

Re “Alberta to start allowing some privately paid medical tests this week” (July 28): Medically unnecessary tests risk harming patients. Every day I see patients who are anxious about clinically irrelevant “abnormalities” in their test results. Up to one-third of imaging tests have unimpor- tant incidental findings. Some evidence suggests patients with back pain become worse after an MRI, because they believe the findings mean the condition is more serious than it is. Medical radiation from CT

scans may lead to downstream cancers. Overdiagnosis can lead to overtreatment, complications and psychological harm from finding things we never needed to find. Alberta’s new policy of allowing patients to order their own tests may have unintended consequences.

James Worrall, MD; Ottawa

GOODBYE TO GRAHAM

Re “Zelensky, Netanyahu lobby Trump for his support as law- makers gather to mourn Lindsey Graham” (July 29): Senator Lind- sey Graham died an unrepentant war hawk. From Afghanistan to Iraq, from Iran to Ukraine, from Palestine to Syria, Mr. Graham never met a war he didn’t like. Nor did he ever appear unduly troubled by the fact that more than a million people perished in the wars that he tirelessly pro- moted. For Mr. Graham, the deaths of Palestinians, Iranians, Russians, Afghans and Syrians amounted to the same thing, suc- cinctly encapsulated in his cold- blooded quip, “We’re killing all the right people.”

Mike Ward Duncan, B.C.

The death of Lindsey Graham marks the metaphorical demise of the Trump saga. The senator was not a fan of the President, but he supported him for the good of the country and the Republican Party. Without Mr. Graham, I be- lieve respect for Mr. Trump will only decline as he loses his par- ty’s support and, inevitably, his legacy. There are really two funer- als here: a well-liked senator’s and a despised President’s.

Douglas Cornish Ottawa

NO WINNERS HERE

Re “You can bet your bottom dol- lar on disaster” (July 29): I, too, was startled (more like de- pressed) when I read about the latest gambling addiction: fires and earthquakes. As if the fire isn’t enough of a disaster; some- one making money off it is fuel to the flames. This is human hubris and arrogance on steroids. A better bet is investing on solutions to abate these “natural disasters.” When we do that, we will be back on track. Rolling the dice on disaster only brings more disaster.

John Pentland Calgary

PAGING JONI MITCHELL

Re “Ontario accuses Ottawa of bowing to ‘small fringe group’ on island airport expansion” (July 29): Doug Ford and his cabinet would have us believe that the federal government bowed to “fringe groups” by not support- ing the expansion of Billy Bishop airport. I call this a classic exam- ple of projection: It is Ford who

wanted the airport expanded to appease his elite buddies who find it tiresome to land at Pearson and make their way downtown.

Keith Crysler Ottawa

A more appropriate headline might be “Ford caves, Carney saves.” Mr. Ford caved after intense lobbying by Nieuport, air- lines and business groups con- cerned only about their own self- ish well-being. Mr. Carney saved the day. If Mr. Ford had gotten his way we would be singing a new refrain to Big Yel- low Taxi: “They paved paradise and put up a long runway.”

Tom Driedger Toronto

Just when one thinks Mr. Ford and his government can’t get any pettier, they prove they can in spades. Insulting Ontario citizens who objected democratically to the increased commercialization of open space seems low even by this current government’s stan- dards. Who paves over a body of freshwater for a runway? Where are you, Joni Mitchell?

Eve Giannini Toronto

I’m supposed to believe that 87,000-plus submissions count as a “small fringe group”? This reminds me of Premier Doug Ford describing the Greenbelt as “just a field with a bunch of weeds.” The Ontario government needs to retain an optometrist and an audiologist, I think.

Mike Firth Toronto

LIVES SAVED

Re “In Montreal, kidney donors and transplant recipients help put hesitant patients at ease” (July 28): January, 2027, will mark 40 years since I received a kidney from my brother. My “new” kid- ney’s longevity is something of a statistical outlier, which among other benefits has saved OHIP at least $4-million by my calcula- tions. After surgery I went back to a career in high tech and resumed being a tax-paying member of so- ciety. Same with my bro. Last year Canada was 11th in the world in terms of kidney transplantation. This year we have dropped to 14th. The inci- dence of living donor surgeries has remained stuck for at least 10 years. Christine and Serge’s story is inspiring and engenders hope among kidney patients across Canada.

Fiona Gilfillan Ottawa

Thirty years ago, I donated a kid- ney to my brother. He was forty- something; I was 34. While life remained hard for him, that kid- ney gave him almost 20 more years – time to see his children grow up, time to flourish as a financial planner and time to be our big brother. If you have the chance to save a life, do it.

Page 11

A

O

OPINION

OPINION

OPINION

U.S.-Saudi nuclear deal risks arms race

Industry sees a business opportunity in the Middle East

s Donald Trump’s war on Iran enters its sixth month, the U.S. President’s main objective has clearly shifted from preventing the Islamic Republic from acquiring nuclear weapons to reopening the Strait of Hor- muz. Emboldened by their ability to humiliate another U.S. president, this time by blocking the critical international waterway, Iran’s new leaders may be more com- mitted to building a nuclear bomb than the ones they re- placed. This is the unsettling backdrop against which the U.S. Energy De- partment last week unveiled a nuclear co-operation agreement with Saudi Arabia that would al- low American companies to sell reactors to the oil-rich Middle Eastern country for the first time. The deal was the culmination of almost two decades of on-and-

W

Will the real Marco Rubio please stand up?

RICARDO HAUSMANN

Former minister of planning of Venezuela and former chief economist at the Inter-American Development Bank

n the classic American game show To Tell the Truth, three contestants claimed the same identity while a panel of celebrities questioned them, searching for inconsisten- cies. After the panelists cast their votes, the host delivered the fa- mous request: “Will the real ___ please stand up?” Venezuelans have been asking thatquestionaboutU.S.Secretary of State Marco Rubio ever since American troops captured Presi- dent Nicolás Maduro in January. More than six months later, they are still waiting for an answer. There seem to be three Rubios, each with a plausible claim to be- ing the real one. The first is the Rubio many Venezuelans thoughttheyknew:thesonofCu- ban immigrants who under- stands what dictatorship does to countries and families. This Rubio is supposedly fight- ing an uphill battle against those within U.S. President Donald Trump’s administration who view Venezuela not as a democra- cy to be restored but as an oil field to exploit and a security problem to manage. The second Rubio is not resist- ing the administration’s strategy. He is implementing it, reassuring the opposition that democratic reforms will come while the Unit- ed States reaches an accommoda- tion with those who inherited Mr.

Sudan is caught in another genocide. Why isn’t the world acting?

IRWIN COTLER MUTASIM ALI YONAH DIAMOND

Irwin Cotler is a former minister of justice and attorney-general of Canada and founder of the Raoul Wallenberg Centre for Human Rights.

Mutasim Ali and Yonah Diamond are senior legal advisers at the RWCHR.

e are bearing witness to another genocide in Sudan – atrocities that were forewarned but have been allowed to continue by global in- difference and inaction. In 2023, we were joined by leading experts in warning of the imminent risk of genocide in North Darfur, and later reached formal conclusions identifying the perpetrators in major legal in- quiries and a complaint to the In- ternational Criminal Court. Since then, Sudan has become the world’s largest humanitarian catastrophe. The figures are stag-

off negotiations between Wash- ington and Riyadh, which has long sought to free up more oil for export by replacing fossil-fuel electricity-generation plants with nuclear power plants. But the agreement’s announcement im- mediately sparked bigger fears. Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman, has made clear that his country would not stand by if Iran were to intensify its nuclear- weapons program. “Saudi Arabia does not want to acquire any nuclear bomb, but without a doubt if Iran developed a nuclear bomb, we will follow suit as soon as possible,” MBS, as the Crown Prince is known, said in a 2018 interview with 60 Min- utes. While the text of last week’s deal was not made public, initial reports suggested it did not in- clude a prohibition on uranium enrichment by Saudi Arabia nor impose stringent inspection re- quirements of future Saudi nu- clear facilities by the Internation- al Atomic Energy Agency. Nor did it make the normalization of Sau- di-Israeli relations a prerequisite for the transfer of U.S. nuclear technology. Within 24 hours of the deal’s announcement, however, Mr.

U.S. Secretary of State Marco Rubio waves from the top of the steps to his plane as he departs at Ninoy Aquino International Airport in Manila last week. BRENDAN SMIALOWSKI/POOL/AFP VIA GETTY IMAGES

Maduro’s machinery, led by act- ing president Delcy Rodríguez. The good cop and the bad cop are thus reading from the same script. The third Rubio, meanwhile, presides over an opaque political economyinwhichVenezuela’soil revenues, contracts, and institu- tions serve regime insiders and Washington dealmakers, turning democracy from the stated objec- tive into the principal obstacle. The message could hardly be clearer. Two years after Venezue- lans voted overwhelmingly for opposition presidential candi- date Edmundo González, only to see his landslide victory stolen, none of the prerequisites for a credible election has been put in place.

gering: early estimates tallied 150,000 people who have been killed amidst the world’s worst hunger and forced displacement crisis. Two-thirds of the popula- tion require humanitarian assist- ance, and nearly half the country is suffering from acute hunger. More than 20 areas in Darfur and Kordofan are at risk of famine. Nine months ago, as soon as the North Darfur city of El Fasher fell, the Rapid Support Forces (RSF) – the militia at war with the Sudanese Armed Forces – killed thousands of starving civilians in a matter of days, leaving blood- stains that were picked up by sat- ellite imagery. Tens of thousands remain unaccounted for; they are dead, missing, or displaced. The conflict in Sudan has me- tastasized for 39 months. The RSF andallieshaverelentlesslytarget- ed non-Arab communities, in- cluding in El Fasher – atrocities the UN has characterized as bear- ing the “hallmarks of genocide.” What’s more, this is yet another genocide to occur in Darfur this century, preceded by clear signs of incitement against the same

Trump insisted the contrary. “There will be no enrichment of material!” he wrote on his Truth Social platform, adding the agreement would be “totally sub- ject to Saudi Arabia joining the very respected and successful Abraham Accords.” That was a reference to the 2020 U.S.-broker- ed deals that saw the United Arab Emirates, Bahrain, Sudan and Morocco normalize relations with Israel. Mr. Trump’s post did nothing to reassure nuclear non-prolifer- ation experts. The White House did not confirm whether the President’s conditions were in- cluded in the legal text of the agreement. That matters, be- cause Mr. Trump’s word is not ex- actly his bond. Saudi Arabia was reportedly close to a deal with the Joe Biden administration to recognize Is- rael in exchange for a joint de- fence-security agreement with Washington, but the negotiations were upended by the Oct. 7, 2023 Hamas attack on Israel that led to the war in Gaza. The war has turned public opinion even more sharply against Israel in the Arab world, making the normalization of Saudi-Israeli relations a non- starter in Riyadh now. Israeli

No one can still pretend that these are purely Venezuelan deci- sions over which the U.S. has no meaningful influence. MostofVenezuela’sexportrev- enues flow first to the U.S. Treasu- ry, which returns them with strings attached. Exercising a de- gree of control over a sovereign country that no U.S. official has wielded since Paul Bremer ran oc- cupied Iraq, Mr. Rubio has been dubbed “the viceroy” by Ameri- can and Venezuelan officials. While the Trump administra- tion boasts that billions of dollars in oil revenues are flowing to Ve- nezuela, there has been no public accounting of how much has been collected or how the money has been spent. The new government faced its

communities that were attacked two decades ago. The RSF and its allied militias are using similar tactics as in the past, including by targeting infrastructure essential for survival, such as water and power sources. Today, with the RSF now hav- ing near-total control of Sudan’s western region, every interna- tional forum, including the G7, is warning of repeat atrocities in El Obeid,thecapitalofNorthKordo- fan. Yet this emergency putting hundreds of thousands at risk in El Obeid – including many who were displaced from El Fasher and journeyed across the desert – has been met with indifference. What is clear is that the cycle of violence will continue without serious action. One would expect the mass destruction and suffer- ing to mobilize urgent collective action, but the international community’s response remains astonishingly inadequate. The violence has persisted un- checked for so long due to the perpetrators’ unrestricted access to arms, drones, mercenaries, lo- gistical support, and financial re-

Prime Minister Benjamin Netan- yahu’s opposition to the creation of a Palestinian state has further stacked the odds against a Saudi- Israeli normalization deal. Still, proponents of the U.S.- Saudi nuclear co-operation deal are lobbying hard to get the Trump administration to follow through on the agreement re- gardless of whether it includes Saudi-Israeli normalization. They point out that MBS is intent on developing nuclear power under his Vision 2030 plan to diversify the Saudi economy. It is much better, they insist, that Saudi Ara- bia builds reactors with Ameri- can partners rather than Chinese or Russian ones. They are right about that. More than anything, however, the U.S. nuclear industry sees a juicy business opportunity. Pennsylvania-based Westing- house Electric, which hopes to sell its AP1000 reactors to Saudi Arabia, called last week’s agree- ment “a landmark step that strengthens energy security, ex- pands opportunities for U.S. in- dustry and workers, and drives significant long-term economic growth and investment benefits for both countries.” Westinghouse is owned by Canada’s Brookfield Renewable

first major crisis on June 24, when two massive earthquakes, mea- suring 7.2 and 7.5, struck 39 sec- onds apart, devastating Caracas and the coastal state of La Guaira. Ms. Rodríguez has dismissed criticism of the response as a con- spiracy against her government. Nothing offers a clearer indica- tion of the Trump administra- tion’s true intentions for Vene- zuela than its treatment of María Corina Machado, the opposition leader who united Venezuela’s democratic movement and won the 2025 Nobel Peace Prize. When she tried to return home after the earthquakes, the Rodríguez gov- ernment closed the country’s air- space and threatened anyone who might help her. The Rodríguez government

sources from powerful external actors, enabling them to commit atrocities with impunity. The lack of political will allows these atrocities to proliferate, despite the overwhelming evidence of the actors driving the violence. These imminent atrocities car- ry an obligation to act and pre- vent the violence from spreading even beyond Sudan’s borders. As part of the G7, Canada can lead the world to fulfilling that obliga- tion by taking simple steps to- ward accountability. First, while the G7’s recent call on external actors to cease sup- porting the warring parties is wel- come, more concrete action is needed. Canada should work with allies to disrupt the supply lines fuelling the atrocities, call- ing out and imposing costs and targeted sanctions on external ac- tors and entities supporting the genocidaires. The European Union’s recent move targeting the gold trade, a critical driver of conflict,isinstructiveandreplica- ble in this regard. Second, Canada should lever- age its influence to advance ac-

Partners and the Saskatchewan- based uranium miner Cameco Corp. Brookfield Renewable is in turn controlled by Brookfield As- set Management Ltd., the US$1- trillion investment fund that this week announced it had raised US$2-billion from Saudi Arabia’s Public Investment Fund and oth- er investors for a new fund aimed at financing Middle Eastern busi- ness ventures. “We are grateful for the collab- oration with PIF and our other strategic anchor partners, reflect- ing the global confidence and strong demand for private equity opportunities in Saudi Arabia and the region,” Brookfield Corp. chief executive officer Bruce Flatt said in unveiling the new fund, to which Brookfield is committing US$500-million. The U.S.-Saudi nuclear deal, which would be a potential bo- nanza for Brookfield and Westinghouse, dovetails with ef- forts by Prime Minister Mark Car- ney – a former Brookfield vice- chairman – to deepen Canada’s trade and investment ties with Saudi Arabia. But it would also come with the risk of unleashing a nuclear arms race in the Middle East if Mr. Trump’s war on Iran continues on the current disastrous path.

did not act alone. U.S. officials forced Ms. Machado’s plane to turn back, while a senior White House official dismissed her at- tempt to return as “grotesque po- litical opportunism.” By working with the Venezuelan regime to keep the country’s most popular democratic leader in exile, Mr. Rubio undermined the “good cop” posture he had carefully cul- tivated. Venezuelans in the U.S. have fared no better. The administra- tion continues to subject them to visa restrictions, has ended hu- manitarian parole for 117,000 Ve- nezuelans who entered legally with U.S. sponsors, has stripped hundreds of thousands of tempo- rary protected status, and has kept running deportation flights to Caracas. If Venezuela was intol- erable enough to justify remov- ing its ruler, how can it be safe enough to receive the very people who fled his rule? So which Rubio is real? The embattled defender of liberty? The good cop reassuring Vene- zuela’s democratic opposition while the administration cuts its own deals? Or the powerful vice- roy whose actions suggest that Venezuelandemocracywasnever more than a bargaining chip? More announcements will surely follow in the coming months.Theremaybeanelection date,areconstructionfund,oran- other gesture toward the opposi- tion. Judge such promises only by what can be verified: political prisoners freed; an electoral au- thority Venezuelans can trust; a genuine voter registry; Ms. Ma- chado home and safe; and every dollar of oil revenue accounted for. Anything short of that is the- atre.

countability at the international and regional levels, including at the International Criminal Court or the International Court of Jus- tice, or through a special tribunal to hold those responsible to ac- count, including for aiding and abetting atrocities. Third, while the G7’s recent call to expand the UN arms embargo is commendable, it is essential to begin collaboration with the Afri- can Union to monitor the existing UN Security Council arms embar- go on Darfur. Finally, Canada should work within all multilateral forums to promote localized ceasefires in Sudanese regions with a high risk of mass atrocities. These repre- sent urgent, life-saving interven- tions that open humanitarian corridors, protect civilians, and strengthen broader peace efforts already under way. The people of Sudan deserve our concerted action. We must work to halt these imminent re- peat atrocities and protect civil- ians before another city is lost.

Page 12

A12 O THE GLOBE AND MAIL THURSDAY, JULY 30, 2026 LIFE & ARTS ARTS & REVIEWS | OPINION OPINION: PUZZLES WEATHER

OPINION

O

In praise of the courthouse wedding

As events become more expensive and exhausting, the civil ceremony offers something increasingly seductive: restraint

SADAF AHSAN

ne of the most surprising celebrity wedding images of the year did not involve a cathedral veil, a castle in the Cotswolds or a reception that looked as if it required a structur- al engineer. It was Dua Lipa and Callum Turner leaving London’s Old Ma- rylebone Town Hall after tying the knot in May. The details were still celebrity-grade: Lipa wore a custom ivory Schiaparelli skirt suit with a wide-brimmed Ste- phen Jones hat, white gloves and Christian Louboutin pumps, in- spired by Bianca Jagger’s iconic 1971 wedding look. Turner wore a dashing navy double-breasted Ferragamo suit. And yes, the couple followed it up with a three-day celebration in Sicily that most people can only dream of. But the image that has stuck is not the maxi- malist fantasy, but one of sim- plicity: A stylish couple on the steps of a town hall, surrounded by a small circle of friends and family. Pop star Charli XCX and The 1975’s George Daniel similarly made waves when they got hitched last summer at London’s Hackney Town Hall. She wore a custom off-the-shoulder Vi- vienne Westwood minidress, Jimmy Choo slingbacks and oversized black sunglasses; he a navy Giorgio Armani double- breasted suit. Although civil ceremonies are generally considered muted, style and personality were hardly spared at either event. No longer a sad, bureaucratic errand on the way to something better, the courthouse wedding is making a compelling case as an intentional, emotionally fo- cused alternative to the exhaust- ing sprawl of contemporary wed- dings. And sprawl is, indeed, the word. In Canada, even “average” weddings can be financially pun- ishing. According to Wedding-

Oscar-winning Irish musician Glen

Hansard dies in motorcycle crash

PADRAIC HALPIN DUBLIN

JILL LAWLESS LONDON Irish musician Glen Hansard, who won a Best Original Song Oscar in 2008 for the indie film Once and was lead singer for rock group The Frames, died in a motorcycle crash at the age of 56 early on Wednesday, his management company said. Bruce Springsteen, whom Hansard shared a stage with, said he and his band were heart- broken at the death of a “great musician, a good friend and a generous and gracious man.” Irish Prime Minister Micheal Martin described him as an artist “who made a significant con- tribution to Ireland’s cultural landscape.” The singer-songwriter began busking on the streets of his native Dublin at the age of 13 after dropping out of school, and formed The Frames in 1990. The band’s popularity at home helped make their lead singer a fixture on the Irish music scene for the next four decades. U2 frontman Bono paid tribute to Hansard in a post on X, describing him as “a smiling rascal if you needed him to be ... this most musical and mischievous archangel of Bally- mun.” Bono said Hansard “could never walk by a person living rough without checking they were OK,” and praised his work to help reduce homelessness. “Voice of the streets. A choir of angels in one man,” Bono said. Hansard released a number of albums un- der his own name – receiving a Grammy nomi- nation in 2016 – and as part of duo The Swell Season with fellow Oscar winner and Once co- star Marketa Irglova. The pair’s performances in the low-budget movie shot on hand-held camcorders where a street musician falls in love with a young Czech immigrant, and their Oscar-winning duet Falling Slowly, brought Hansard’s music to a much wider audience. The film, which featured a number of other songs composed and performed by Hansard and Irglova, was turned into a hit Broadway musical that won eight Tony Awards in 2012. Accepting his Oscar from presenter John

Singer Dua Lipa, right, and her husband, actor Callum Turner, got married this May in a civil ceremony at London’s Old Marylebone Town Hall. DAILY MAIL/SHUTTERSTOCK

Wire Canada and The Knot’s 2025 Global Report, the average Cana- dian wedding costs between $30,000 to $42,000. And they’re only getting pricier, owing to the rising cost of just about every- thing, including vendors and venues. There are signs that smaller weddings are no longer just an early pandemic-era compromise. In the U.S., The Wedding Report found that the average wedding guest count fell from 184 in 2006 to 131 in 2024, and celebrations of 50 guests or fewer made up 18 per cent of weddings in 2024, up from 10 per cent in 2013. Accord- ing to Pinterest’s 2025 Annual Wedding Trends Report, Gen Z is particularly keen on city hall and courthouse nuptials, with the platform noting a more than 190- per-cent jump in searches for “city hall elopement” by the de- mographic. In any major city, the practical details alone present striking savings. In Toronto, a marriage licence costs $180, while a civic centre wedding chamber can be booked for $136.85 for a 30-min- ute block (couples still need to supply an authorized officiant and two witnesses). That gap between the price of getting married and having a

Glen Hansard GARY HERSHORN/REUTERS

Travolta, a stunned Hansard said: “What are we doing here? This is mad.” His only acting experience prior to Once was as a band member in Alan Parker’s 1991 hit The Commitments. Many tributes also focused on Hansard’s charity work and advocacy. A Christmas Eve busk he started at the depths of Ireland’s fi- nancial crisis in 2010 has raised over €2-mil- lion for the Dublin Simon Community charity, who described the singer on Wednesday as “a giant in the fight against homelessness.” The annual gathering in central Dublin has featured Bono, Sinead O’Connor and Shane MacGowan. Hansard led a rendition of The Pogues’ Christmas anthem Fairytale of New York at his friend MacGowan’s funeral in 2023. “With broken hearts we announce the pass- ing of Glen Hansard who passed away, in the early hours of this morning, following a road- traffic accident in Dublin,” ATC Management said in a statement. Irish police said a man in his 50s had died after a single-vehicle motorcycle collision in the west of Dublin. Emergency services were alerted shortly before 4:30 a.m. (0330 GMT) and the man was pronounced dead a short time after being treated at the scene. Hansard leaves his wife, Maire Saaritsa, and their three-year-old son Christy.

wedding is part of the cour- thouse wedding’s allure. Carmen Luk, principal event planner at Toronto’s Devoted To You Inc., agreed that courthouse weddings are getting more atten- tion because of high-profile ce- lebrities such as Charli XCX and Lipa, but said that they’re hardly a new concept. In many parts of the world such as China, Germa- ny and France couples will often have a civil ceremony before a religious or symbolic celebration. In many countries across Europe and Latin America, civil ceremo- nies are the only legally recog- nized form of marriage. “I don’t see courthouse wed- dings as replacing traditional weddings. I see them as expand- ing the choices available to cou- ples,” Luk said. “Today’s couples are much more intentional about what they’re spending money on and where they want to place emotional value.” Rainbow Chan, owner and creative director of Toronto’s Rainbow Chan Weddings, has al- so seen a growing interest in courthouse and microweddings over the past few years. “There isn’t one ‘right’ way to get mar- ried any more,” she said. “Whether it’s 300 guests in a ball- room, 20 guests at city hall or a

destination wedding over several days, what people remember most is how the celebration made them feel.” Larger celebrations remain popular, she said, but many cou- ples are separating the legal mar- riage from the celebration, sign- ing the paperwork simply and hosting a larger party later. Sometimes, as with Lipa or Char- li XCX, the legal marriage is the opening act. Other times, it’s the whole event. For sustainability professional Shelby Spurlin, who married her husband Anthony Lieu at a To- ronto courthouse last June, the decision was partly financial and partly emotional. “For us, it was definitely about avoiding going into debt over one day,” she said. “We hear so much about couples spending $30,000-plus on even a relatively basic wedding in To- ronto, and we knew that wasn’t something we wanted.” Their total came to about $3,000, including the courthouse fee, professional photography, outfits and a bouquet. Afterward, they went to King Taps, a restau- rant and bar, for happy hour with friends and family. They put their savings toward a honey- moon in Japan. A misconception about court-

Booker Prize semi-finalists

include former winners Marlon James, Douglas Stuart

Booker Prize winners Marlon James and Douglas Stuart are in the running again for the presti- gious fiction award, alongside Dublin gangs, dystopian science fiction and the New England characters of Pulitzer Prize lau- reate Elizabeth Strout. Judges read 163 novels to come up with the 13 semi-finalists an- nounced Tuesday for the £50,000 (US$66,000) Booker Prize, a list described by historian Mary Beard, head of the judging panel, as literary “dynamite.” The list includes James’ The Disappearers, about a group of gay men in a hostile 1980s Jamaica; Stuart’s John of John, a story of father-son secrets on a remote Scottish island; and Strout’s heartfelt small-town tale The Things We Never Say. James won the Booker in 2015 for A Brief History of Seven Killings and Stuart won in 2020 for Shug- gie Bain. Strout’s Oh William! was a finalist in 2022. She won the Pu- litzer Prize for fiction in 2009 for Olive Kitteridge. They sit alongside lesser- known names on a Booker long- list that includes authors with roots in Britain, Ireland, Jamaica, Mexico, Turkey and the United States. Three of those on the list are debut authors: Turkish-Ameri- can writer Kenan Orhan for fam- ily history story The Renovation, British author Rebecca Perry for Medieval-to-modern tale May We Feed the King and Ireland’s Djamel

house weddings is that simplic- ity equals the absence of style. But for many people, it just means that style is less likely to be buried under obligations. It’s a sentiment shared by To- ronto musicians Madelyn Kirby and Luke Robinson, who got married at Toronto’s Osgoode Hall in May before hosting a larger celebration at another venue, Hart House, the next day. Kirby said the courthouse cere- mony gave them a “quiet, mea- ningful moment” with immedi- ate family, while the subsequent party was for their wider com- munity. The ceremony was intimate and personal: Justice Melanie Kraft, a family friend whom Kir- by has known since childhood, officiated; Kirby’s brother was the photographer; and both of the couple’s mothers served as witnesses. It was followed by lunch at Terroni, an Italian res- taurant. “Looking back, there was something really freeing about stripping the ceremony down to its essentials,” Kirby said. “It reminded us that a wed- ding doesn’t need to be elaborate to feel significant.” Though some couples might choose to go big for social media, Luk said it’s also inspiring many couples to go smaller if that’s what they’re seeing online. “I encourage couples to re- member that this is one of the first major decisions they’ll make together as a married couple,” she said. “It’s important that the celebration reflects their shared values rather than everyone’s ex- pectations.” That said, there can be some- thing wonderful about gathering everyone you love in one room, dancing badly as a collective and letting the aunties gossip and friends give one chaotic speech after another. Particularly in cul- tures in which weddings are ma- jor community milestones, big- ger celebrations aren’t seen as frivolous. They’re about family rituals and belonging. But as Luk put it, couples don’t need to choose between a courthouse and something more meaningful. “Those are not opposites,” she said. “At the end of the day, there is no prize for having the biggest wedding. The best wedding is the one that feels authentic to you.”

Special to The Globe and Mail

White for All Them Dogs, a thriller set in the Dublin underworld. White, at 28, is the youngest author in the running. The oldest is 81-year-old M. John Harrison, whose postapocalyptic tale The End of Everything is a rare science fiction novel to make the Booker list. The other contenders are The Shadow of the Object by Chloe Aridjis, Black Bag by Luke Ken- nard, The Vivisectors by Missouri Williams, Switzy by Emma Cline, Helen of Nowhere by Makenna Goodman and Gwendoline Ri- ley’s The Palm House. Beard said the five jurors, who include Pulp frontman Jarvis Cocker and American novelist Pa- tricia Lockwood, tried to look be- yond the idea of a typical Booker winner – “slightly serious, about to be classic.” Instead they chose novels that are “trying to expand the boundaries of how we can think about ourselves in com- pletely different ways.” “Sometimes they’re using hu- mour, sometimes it’s pathos, sometimes there’s shock value,” Beard said. “They’re risk-takers. They are dynamite. They say ‘Come on, try seeing it a different way.’” Founded in 1969, the Booker Prize has a reputation for trans- forming writers’ careers and is open to novels from any country published in the U.K. and Ireland. Last year’s winner was Flesh by Hungarian-British writer David Szalay. The judges will announce six finalists on Sept. 22, and the winner will be revealed Nov. 9 at a ceremony in London.

Page 13

I found a place to come back down to Earth

F

FIRST PERSON

I believed flying was

the ultimate freedom, but it turns out the greatest journey of all is staying grounded, Alona Vasylieva writes

or 10 years, I measured my life in altitudes and time zones as an international flight attendant for Ukraine In- ternational Airlines. Most of my routes were across Europe, but my favourites were the long-haul journeys to North America. When I graduated from Dnipro National University with a degree in international journalism, I fell into a career wrapped in ro- mance and adventure. Coming from a small town in Ukraine, se- curing a cabin crew position with the national carrier felt like an monumental achievement – a lit- eral and metaphorical launchpad into the wider world. The airplane cabin became my home, and the world below served as an ever-shifting, kalei- doscopic backdrop. I was a pro- fessional nomad living out of a suitcase, managing chaos at 35,000 feet and learning to read the unspoken anxieties of com- plete strangers. On any given day, I might be administering first aid to a passenger in medical dis- tress, managing a row of rowdy flyers or co-ordinating with secu- rity to escort an angry, deported passenger. On top of that lay the emer- gencies such as sudden cabin de- compressions where you are forced to suppress your own ter- ror to anchor everyone else’s safety. I was constantly fuelled by adrenalin and the raw energy of perpetual movement. Then, on Feb. 24, 2022, my world came to a sudden halt when Russia invaded Ukraine. Everything shattered at 4 a.m. when my husband, our son and I woke up to the terrifying thunder of explosions shaking Kyiv. We chose to flee to Canada to start our lives from scratch. Com- ing from a bustling European capital, we assumed we needed a major Canadian city for employ- ment. But Canadian volunteers un- expectedly matched us with a wonderful host family in St. Ma- rys, a small town in Southwest- ern Ontario famous for its histor- ic limestone architecture and quiet pace. We didn’t choose this town; this town chose us, and we accepted the embrace. Trading a non-stop life of glob- al aviation for a community of 7,000 people was a profound psy- chological shock. For the first few months, the stillness of the coun- tryside felt deafening. There were no longer the high-stakes, noisy

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preflight briefings where our crew loudly ran through emer- gency drill procedures to stay sharp. There was no chaotic rush through international terminals. Instead, I found quiet farmer’s markets, gentle trails to stroll along the Thames River that wind through the trees. As a flight attendant, I was trained to be a master of transi- tion. I met hundreds of people a day, cared for them during a flight and then walked away from their lives forever. It was an industry of intense but fleeting connections. In my new Canadian home, I quickly realized that human con- nection operates on a completely different timeline. The person you pass on the sidewalk today is the exact same person you will stand next to at the grocery store tomorrow. Relationships here are not built in a fast-paced, single shift. They are cultivated slowly, much like the made-from- scratch sourdough loaves I began baking in my kitchen. As the months turned into years, a quiet transformation took place inside me. The core skills I developed in the air – em- pathy, observation and the abil- ity to find tranquillity in unfamil- iar environments – were the pre- cise tools I needed to build a life on the ground. Remembering my roots in journalism, I decided to pick up my pen again. I reached out to our local newspaper, and for over a year now, I have been writing a

weekly column. I rely on the same observational muscle I used in the aircraft cabin but now I capture the peaceful, grounding moments of small-town life and the moments that connect us all. The biggest difference now is that these reflections don’t disap- pear at the baggage claim. Today, I work as a receptionist at a local insurance office, and I smile like a child every time my readers wave to me through the front of- fice window. Neighbours regular- ly stop me on the street just to say, “Alona, your last article was so funny, keep it up!” Sometimes, when I look up and see thin white contrails cut- ting through the blue sky, a wave of nostalgia hits me. I still miss the pure thrill of takeoff and the quiet magic of watching the sun rise over the Atlantic Ocean from the galley. But then I look around my quiet street, at the deep roots my family is planting here and I smile. I used to believe that flying was the ultimate expression of freedom. But it turns out that learning your neighbours’ names and finding your true voice in a small town is the greatest jour- ney of all. It has finally brought me back down to Earth.

Alona Vasylieva lives in St. Marys, Ont.

First Person is a daily personal piece submitted by readers. Have a story to tell? See our guidelines at tgam.ca/essayguide.

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THURSDAY, JULY 30, 2026

1.

1 Is inclined 6 Certain citation style: Abbr. 9 An “X” of XOXO 13 “See ya, senorita!” 16 Prefix with “war” or “lock” 17 “Is it OK for us to leave?” 18 Small-screen spot 19 Black cat, perhaps 20 Stardew Valley mine find 21 Follower of Islam’s second-largest sect 23 Product made from cashews or soy 26 Make out, in Manchester 28 Parties with haupia and poi 29 Secondary social, say 31 Football maneuver that may involve a touch 33 Showtime subsidiary 34 Malinin on the ice 35 Unprivileged individual 37 Playing roller derby, say 39 “Planet of the ” 40 Ablaze 42 Rises suddenly 43 Thrice-repeated conjunction in the U.S. Postal Service “creed” 44 Already 46 Convent crew 47 They might be worn for a night out! 50 Oscar-winning King 51 -cone 52 Voice quality 56 Mouth-related 57 “I’m sorry” 60 “Hold up” 61 Pompous

BRIDGE BY STEVE BECKER

South dealer. Both sides vulnerable.

The bidding:

South West North East 1 [S] Dble 2 [S] Pass 4 [S] Opening Lead – king of diamonds.

CRYPTIC CROSSWORD

    





 





 

DOWN

ACROSS 1 Manage to get round small group of trees (5) 4 Tedium of moving bedroom (7) 8 Leaders among sharks and rays eat fish (7) 9 Follow around river path (5) 10 Suffering minutes inside club, mostly loud (10) 14 Company briefly employing family member (6) 15 Swelling British association of workers (6) 17 Sign of hesitation after my remark upset reveller (10) 20 Mean drunk in snug (5) 22 Rubbish clothing at start of season (7) 23 Climb-down on the subject of free entertainment? (7) 24 Certainly cutting for each card game (5)

1 ___ Bell 2 Wax-wrapped wheel 3 This clue’s number squared 4 Dislikes on Reddit 5 Chicago-to-Louisville dir. 6 Lacking scruples 7 Morsel used in pesto 8 In the past 9 Swimming legend Ledecky 10 Orthodontics brand 11 They’re sometimes crossed to purchase fireworks 12 Fries or tots, typically 14 Eager 15 “You’re making me blush!” 22 “___ All That” (2021 rom-com) 24 Tour de France champion Bernal 25 Security system devices, for short 26 Programs with evil twins and amnesiacs, stereotypically 27 “That’s the LAST time!” 30 Labels 31 “Larger ___ Life” (Backstreet Boys hit) 32 Widely knowledgeable person 34 Statement of faith? 36 Bespectacled “Bob’s Burgers” character 38 Parent’s sister 41 It’s rigged on a brig



© News Licensing/Times Media Limited

DOWN 1 Halved cash with street players (4) 2 Standard king’s garden open to the public (4) 3 I bite idly resolving fitness for consumption (9) 4 Run into coastal shore as breakers do (6) 5 Renegade and traitor, primarily (3) 6 Monstrous biocidal bats (8) 7 Combative Italian dividing his city over time (8) 11 Route maps ordered for Cheddar perhaps (9) 12 Weapon armistice nearly knocked for six (8) 13 Totally striking, OK? (8) 16 Bot making all get grief on Tinder initially (6) 18 Want chessplayer to sacrifice bishop (4) 19 Tackle illicit drugs (4) 21 Bond regularly involved in strife (3)

EDITED BY DAVID STEINBERG

44 Kick out permanently 45 “You down?” 48 Stands up at the altar 49 Prying 50 This crossword has 15

It has been said that nothing is certain except death and taxes, but the knowledgeable bridge player would add to these the maxim that each player is dealt 13 cards. The backbone of good card play rests on this simple truth. Take this case where West leads the king of diamonds against four spades. Declarer wins and plays the ace and an- other spade, losing to the king. West tries to cash the queen of diamonds, but declarer ruffs. South crosses to dummy with a trump and tries a club finesse, losing to the king. If West, eyeing

SUDOKU DIFFICULTY RATING: HHHHI

INSTRUCTIONS Fill in the grid so thAt eACh row of nine squAres, eACh Column of nine And eACh seCtion of nine (three squAres By three) ContAins the numBers 1 through 9 in Any order. There is only one solution to eACh puzzle.

INSTRUCTIONS

KENKEN

©2026 KENKEN Puzzle LLC. KENKEN is a registered trademark of Nextoy, LLC. Dist. by Andrews McMeel www.kenken.com

Each row and each column must contain the numbers 1 through 6 without repeating.

53 Posthumous bio 54 Brussels-based grp. 55 “Slow Churned” ice cream brand 58 Long-handled gardening tool 59 NYC subway operator

dummy’s clubs, gets panicky and plays the ace of hearts because he is afraid South will discard his heart losers on dummy’s clubs, he hands declarer the contract. West may make this play be- cause he thinks the only chance to stop the contract is to hope East has the king of hearts. How- ever, this reasoning is unsound. West should return a club in- stead, because he cannot lose anything by doing so. West has all the information he needs to make the club return completely safe. He knows South started with exactly five spades and one diamond, leaving de-

clarer with seven cards in hearts and clubs. If South has two clubs, he must have five hearts; if he has three clubs, he must have four hearts; if he has four clubs, he must have three hearts. In all of these cases, South cannot escape whatever heart losers he has. Consequently, West’s only cor- rect action is to return a club at trick seven and let nature take its course, which in this case results in down one. The danger that South’s heart losers will some- how disappear is more imagi- nary than real.

©2026 King Features Syndicate Inc.

SOLUTIONS

YESTERDAY’S UNIVERSAL CROSSWORD

YESTERDAY’S CRYPTIC CROSSWORD

' 5 ( 1 & + 2 6 / 2 ( * 2 $ ) $ : & $ 5 $ 9 $ 1 5 ( % ( / , ( ( 7 $ % ( ' ( 7 ( 1 7 , 2 1 $ & 7 ( 7 . 7 5 ( 1 ( * ( % , 6 + 2 3 2 $ 1 2 ' , 0 5 ( / 8 & 7 $ 1 7 ( $ ' , ( * + % 8 ' * ( 9 , 1 7 $ * ( 8 , 1 ( 6 , $ 7 , & . 3 ( 5 1 2 '

Page 15

Trump asks

top court to throw out defamation verdict

Lawyers for the U.S. President say he cannot be held liable for $83-million in damages for comments made while in office

LINDSAY WHITEHURST LARRY NEUMEISTER WASHINGTON

U.S. President Donald Trump and the Justice Department are asking the Supreme Court to toss an US$83-million defama- tion verdict won by writer E. Jean Carroll after she accused him of sexual assault, saying he can’t be sued for comments he made while he was president. It’sthesecondtimeMr.Trumphasaskedthejusticestonix damages awarded by a jury to Ms. Carroll, a long-time advice columnist and former TV talk show host. The Supreme Court refused in June to hear his appeal of another verdict, for US$5-million, that found him liable for sexual abuse and def- amation. ThelatestcasecentresoncommentsMr.Trumpmadedur- ing his first term as president. The Justice Department wants to invoke the Westfall Act, which shields government em- ployees from being sued for doing their jobs. “Absent this Court’s intervention, the sitting President is facing nearly a hundred million dollars of personal liability for conduct that was well within the scope of his federal of- fice,” federal attorneys wrote. “That alone deserves this Court’s attention.” The documents were reviewed Wednesday by the Associ- ated Press and expected to be formally docketed with the court shortly. Mr. Trump’s lawyers, meanwhile, argued that an appeals court “engaged in procedural contortions” to avoid address- ing Mr. Trump’s claims that presidential immunity protects him from the US$83-million award because he made the statements in question in 2019 while he was president. The lawyers argued that the 2nd U.S. Circuit Court of Ap- peals in Manhattan ruled in a manner that “cries out for this Court’s review in this unprecedented case” and called the damages “grossly excessive.” “This is the first case in our nation’s history in which a court has imposed damages liability on a president for his conduct in office,” the lawyers wrote. Ms. Carroll’s lawyers have declined to comment on the lat- est Trump filing. Mr. Trump has long argued he cannot be sued over com- ments he made about Ms. Carroll during his first term where he disavowed knowing her and attacked her motivations for going public with her story in a recent memoir. He’s also ask- ing the Supreme Court justices to reconsider their rejection of his appeal in the US$5-million verdict. The appeal comes about two years after the Supreme Court granted Mr. Trump broad immunity from criminal prosecution as a former president. Ms. Carroll testified twice before New York juries that Mr. Trump sexually assaulted her in spring 1996 in a dressing room at Bergdorf Goodman, a luxury retailer across the street from Trump Tower. She first went public with the claims in a 2019 memoir. She sued Mr. Trump for defamation after he accused her of making up the allegation to help book sales, adding that he’d never met her and “she’s not my type.” He has repeatedly denied any wrongdoing. A Manhattan jury awarded her US$83-million in damages in January, 2024. Lower courts have so far rejected Mr. Trump’s appeals to overturn the verdict, though the New York-based appeals court split over the decision and agreed to delay that payout until the Supreme Court weighs in. In 2023, another jury said Ms. Carroll was entitled to US$5- million after concluding that Mr. Trump had subjected her to sexual abuse in the department store encounter and for defa- mation for remarks he had made after his first term ended. That judgment has been paid. The Associated Press does not identify people who say they have been sexually assaulted unless they come forward publicly, as Ms. Carroll has done.

ASSOCIATED PRESS

Energy: Carney aiming to avoid latest round of Trump tariffs

FROM A1

FROM A1

The move marks a divergence from the Prime Minister’s insist- ence last week that “everything is on the table” as he decides how to respond to the latest round of Mr. Trump’s tariffs, which are set to take effect on Aug. 19. The U.S. is heavily dependent on Canadian oil – importing about four million barrels a day, nearly two-thirds of all its petro- leum imports – making it a pow- erful potential leverage point. Mr. Carney also defended Otta- wa’s decision to end a 5-per-cent tax that streamers must pay to support the creation of Canadian television, movie and music con- tent. A government lawyer wrote in a July 17 court document that Ottawa intends to “eliminate” the levy. The decision only came to light this week when The Wire Report, a telecom industry news website, obtained a copy of the lawyer’s letter. It follows Culture Minister Marc Miller’s June order that the federal broadcast regu- lator review its decision to in- crease the tax to 15 per cent. The Prime Minister insisted on Wednesday that the policy U- turn was about keeping stream- ing services affordable. “Most Canadians have one or two or

more of these streamers and it’s real money. This stuff adds up.” The Online Streaming Act has been frequently cited by the U.S. government as a top trade irrita- nt. Amazon, Apple and Spotify are all suing in Canadian federal court in a bid to stop the law. Mr. Miller’s spokesperson, Her- mine Landry, told The Globe and Mail that streaming platforms “will still be required to reinvest a percentage of their revenues in Canadian and Indigenous con- tent.” She said there was no up- date on what the percentage would be or when a decision on that would be made. Mr. LeBlanc and Janice Char- ette, Canada’s chief trade nego- tiator to the United States, met in Washington on Wednesday morning with Mr. Greer. Ms. Charette also met on Tuesday with Jeffrey Goettman, Mr. Greer’s deputy for the Western Hemisphere. Canada is aiming to avoid Mr. Trump imposing his latest round of tariffs – which would amount to 50 per cent on US$20-billion worth of goods, including elec- tronics and alcohol – as well as to reach a deal to lower or eliminate his previously imposed levies on autos, metals and other goods. On Tuesday evening, Mr. Le- Blanc and Mark Wiseman, Cana-

Dr. Anthony Fauci appears before the Senate at the Capitol on Wednesday in Washington, where he was grilled over his role during the COVID-19 pandemic. ALLISON ROBBERT/ASSOCIATED PRESS

Fauci: Democrats question value of hearing

At the time, Mr. Biden said the pardon was to shield against “unjustified and politically moti- vated prosecutions” in the fu- ture. Nonetheless, the pandemic re- mains a potent political subject and Mr. Paul has used the pow- ers of his committee chairman- ship to make public internal gov- ernment documents related to the pandemic – even, last week, Dr. Fauci’s personal diary – while issuing a subpoena for the octo- genarian former public servant to appear before his committee. Dr. Fauci, however, provided no answer to dozens of ques- tions, responding instead with the same 21-word statement in- voking the Fifth Amendment. When a lawyer for Dr. Fauci sought to speak on his client’s behalf, Mr. Paul ordered his re- moval, warning Dr. Fauci that it is illegal to obstruct a congres- sional investigation, and “there will be repercussions to your re- fusal to testify today.” He prom- ised a vote next week on wheth- er Dr. Fauci should be held in contempt. For years, scientists, skeptics, the intelligence community and others have questioned whether work done at the Wuhan insti- tute created the COVID-19 virus. No definitive proof of a lab error has emerged, but neither have researchers proved the pathway for a natural origin, a scenario that the World Health Organiza- tion says is the most likely cause of the pandemic. Dr. Fauci has aligned himself with that view, without ruling out the possibility of a lab leak. Mr. Paul accused Dr. Fauci of long-standing support for gain- of-function research, in which scientists use laboratory tech- niques to make animal viruses infectious to humans. Docu- ments made public in recent years have shown that, after the pandemic began its deadly spread around the world, Dr. Fauci and other researchers sought privately to determine whether a lab leak could have caused the pandemic – at a time when they publicly played down

da’s ambassador to the U.S., at- tended a Canada-U.S. Friendship Day event at the Washington Na- tionals-Toronto Blue Jays base- ball game in the American cap- ital. The event was sponsored by the Government of Canada, Net- flix, Amazon and Google. Since taking office last year, Mr. Carney has made a string of concessions to Mr. Trump, such as rolling back retaliatory tariffs on U.S. goods and cancelling a planned digital services tax. Ear- lier this month, Ottawa agreed to give the U.S. half the net toll reve- nue from the new Gordie Howe International Bridge between Windsor and Detroit, even though Canada paid the entire $6.4-billion price tag to build the span. So far, however, Mr. Trump has only increased tariffs on Canada and the two sides have not reac- hed Mr. Carney’s promised trade deal. Some voices, such as Ontario Premier Doug Ford, have urged Mr. Carney to get tougher such as by imposing dollar-for-dollar tar- iffs on U.S. goods. Mr. Ford him- self briefly slapped a 25-per-cent surcharge on his province’s elec- tricity exports to the U.S. last year before abruptly changing course after Mr. Trump threatened more tariffs.

that possibility, including in an influential early 2020 article pub- lished in Nature. “You did not tell American people the full story,” Mr. Paul said. He juxtaposed Dr. Fauci’s pri- vate thoughts with his public statements. On Jan. 26, 2020, Dr. Fauci wrote in his diary that a wet market in Wuhan “was not the source, it was the amplifier,” of the infection. In numerous in- terviews and statements around that time, however, Dr. Fauci pointed to the role of Chinese wet markets in the pandemic, with animals brought in from the wild providing “ample op- portunity for a virus to jump” to humans.

Under Senator Joe McCarthy, it became standard operating procedure to seek that kind of prosecutorial objective. We should not be part of a rerun of that kind of effort.

RICHARD BLUMENTHAL CONNECTICUT DEMOCRAT

In his diary writing, Dr. Fauci was nonetheless consistent in his belief that “somewhere the virus jumped from animals to humans.” But Mr. Paul accused him of deliberately dissembling in pub- lic. The possibility of a lab leak “was completely discounted, be- cause I think you were worried that if it was seen that you fund- ed dangerous research that start- ed the pandemic, you would get blamed,” Mr. Paul said. He sought to damn Dr. Fauci with questions: “Did his actions lead to the largest man-made plague in human history? Are the millions dead the result of his experiments or experiments that he approved that increased the pathogenicity of deadly vi- ruses?” Dr. Fauci has strongly denied

Eric Miller, a cross-border busi- ness consultant, said throttling the U.S.’s energy supply is “the biggest hammer” Canada has, but it can’t realistically be de- ployed. Such a move would risk costly U.S. retaliation, such as shutting off the pipelines that carry Alberta crude to Ontario re- fineries via shortcuts through the U.S. “This is like Canada’s nuclear weapon,” Mr. Miller, president of the Rideau Potomac Strategy Group, said. “Everybody knows it has it, but it can’t really use it.” He said the killing of the streamer tax was a “minor” capit- ulation because the Carney gov- ernment doesn’t seem to care that much about it. The aim might be to “lower the temper- ature” in talks by pleasing tech companies, which hold sway with Mr. Trump. Former U.S. diplomat Scotty Greenwood said that Canada has to be ready to show strength with the U.S. and have a plan in place if there’s no deal by Aug. 19. “Canadians have been hesi- tant or reticent to flex their mus- cle. It’s time to be really tough and really flex,” she said. “With this particular President, this par- ticular counterparty, you’ve got to negotiate from a position of strength.”

supporting gain-of-function re- search in China – “if anybody is lying here, senator, it is you,” he told Mr. Paul five years ago. Democrats questioned the value of once again interrogating a subject that has already been the subject of nearly a dozen congressional reports alongside enormous investigative efforts by scientists and intelligence agencies alike. Richard Blumenthal, a Con- necticut Democrat, accused Re- publicans of attempting to trap Dr. Fauci into criminal wrongdo- ing, warning of a return to dark days in American history. “Under Senator Joe McCarthy, it became standard operating procedure to seek that kind of prosecutorial objective. We should not be part of a rerun of that kind of effort,” he said. Republicans, he told Dr. Fauci, “are eager to rebrand you as a villain in order to distract from their own failure to protect Americans from soaring health care costs.” U.S. President Donald Trump once kept a warm relationship with Dr. Fauci but has for years joined with other conservatives in attacking him. “His ideas were CRAZY!” Mr. Trump wrote Mon- day on social media. “Also, I said from the beginning that the Vi- rus came from the Wuhan Lab- oratory in China. Fauci strongly disagreed, always trying to pro- tect China.” For other Republicans, Dr. Fauci remains a singularly toxic figure, responsible not merely for pandemic confusion – and, perhaps, the pandemic itself – but for poisoning American so- ciety. “We have entire generations of Americans who, rightfully so, do not trust our institutions to keep people safe – because of you,” said Rick Scott, a Florida Repub- lican. Others called Dr. Fauci a meg- alomaniac, a liar, someone who has “done more to harm science than anybody in my lifetime,” according to Josh Hawley, a Re- publican from Missouri. Dr. Fauci’s silence in response to questions, he added, “is ad- mission.”

She said Mr. Carney will need the premiers and Canadians unit- ed behind him, particularly as the latest round of tariffs heavily target Ontario and Quebec while sparing Alberta and Saskatche- wan. “It’s a smart move on the part of the U.S.,” she said, “and Canada has to be equally smart about it.” Conservative MP Shuvaloy Majumdar said Canada should create “a strategic reserve of crit- ical minerals and energy” and unleash its auto and defence manufacturing base to “build up leverage” in negotiations with the U.S. The Prime Minister on Wednesday made clear that it is possible there will ultimately be no deal at all, vowing to only sign if he can get a good one. “We’re only going to accept a solution that works for Cana- dians,” he said. “We’re going to focus now on building toward an agreement, if an agreement is possible.” Otherwise, he said, Canada has “lots of options” to find other markets for its goods. “Everybody wants to do more with Canada,” he said, “except the United States.”

Page 17

S&P/TSX 35,333.78 -415.92

T

Two major

U.S. unions call for stable trade relations with Canada

VANMALA SUBRAMANIAM FUTURE OF WORK REPORTER

Two major American private-sec- tor unions – representing hun- dreds of thousands of manufac- turing workers – have announced their strong opposition to U.S. President Donald Trump’s new suite of tariffs on Canadian goods, calling on the White House to re- verse course. Roxanne Brown, the interna- tional president of the United Steelworkers, and Brian Bryant, the international president of the International Association of Ma- chinists and Aerospace Workers, are warning that Mr. Trump’s new 50-per-cent tariffs on certain Can- adian products, set to take effect on Aug. 19, are “unfair trade” and will only serve to drive a deeper wedge between the countries. Both unions sent a letter to U.S. Trade Representative Jamieson Greer on Tuesday, requesting that theWhiteHousereconsiderusing Section 338 of the Tariff Act to im- pose the levies, and return the U.S.-Canada trade relationship to more “stable, balanced footing.” The letter is notable because the USW has often publicly sup- ported Mr. Trump’s trade policies. “Each country must ensure that trade is fair and that trade ir- ritants are addressed, however the U.S. trade relationship with Canada over the last year and a half has been marked more by di- vision than cooperation,” the let- ter stated.

UNIONS, B6

U.S. Fed leaves

interest rates unchanged, but internal anxiety grows

COLBY SMITH S

The U.S. Federal Reserve on Wednesdaykeptinterestratesun- changed despite growing divi- sions among policy-makers to more directly tackle inflation af- ter five years of overshooting the central bank’s 2-per-cent target. The Fed voted 9-3 to maintain rates at 3.5 per cent to 3.75 per cent, a level that has been in place since January. Beth Hammack of the Federal Reserve Bank of Cle- veland, Neel Kashkari of the Min- neapolis Fed and Lorie Logan of the Dallas Fed dissented, voting instead for a quarter-point in- crease. The divisions underscore the tough spot the Fed and its chair, Kevin Warsh, find themselves in as they grapple with new sources of price pressures that are threat- ening to compound an already complicated and long-standing inflation problem. Oil prices have whipped around in recent days with the Iran war in a delicate limbo. A deal to end the conflict and re- open the Strait of Hormuz, a cru- cial shipping path for global ener- gy markets, remains distant. Pres- ident Donald Trump, speaking to reporters after the Fed’s decision, signalled that the fighting was far from over. He said the United States would mount another round of attacks against Iran. The war is not the only supply shock the Fed is navigating. Mr. Trump is actively adding new tariffs, and the labour market is still digesting sweeping immigra- tion restrictions he has put in place.

FED, B6

S&P 500 7,316.15 -112.63

DOW 51,594.14 -1,153.18

Via Rail will receive 45 new hybrid locomotives to replace its aging fleet. Switzerland’s Stadler will build the first nine, with the remaining engines assembled in Montreal. CHRISTINNE MUSCHI/THE CANADIAN PRESS

Amid a cultural craze for dairy protein,

Trump’s tariffs take aim at Canadian whey

KATE HELMORE AGRICULTURE AND FOOD POLICY REPORTER

ince U.S. President Donald Trump took office last year, his tariffs have gone after steel, aluminum and au- tos. Next up: protein. When the Trump administration last week announced coming 50-per-cent tar- iffs on hundreds of Canadian products, the list included a range of proteins, such as whey and other dairy proteins. The White House cited specific “discrimin- atory” rules within Canada’s supply-man- agement system for the duties, which would take effect Aug. 19. This batch of tariffs would affect more than US$200-million worth of protein ex- ports to the United States, the majority

MINING Allied Gold’s $5.5-billion sale to China’s Zijin collapses B2

OPINION We need more incentives to keep older adults working B4

GLOBE INVESTOR The chip sell-off may just be a prime AI buying opportunity B8

COMPANIES

CELESTICA ............................. B9 CENOVUS ENERGY ................ B2 DEUTSCHE BANK .................. B7 GIBSON ENERGY .................... B9 MICROSOFT ........................... B2

DOLLAR 71.01/1.4083 +0.10/-0.0019

NASDAQ 24,442.94 -433.97

[ TRANSPORTATION ]

VIA GETS A MAKEOVER

Ottawa will spend $1.9-billion to replace aging locomotives and build a new assembly plant, maintenance facility B2

dairy-based products. It’s just the latest example of how the U.S. has taken exception to Canada’s sup- ply-management system, a model that curtails production and imports to keep national prices above manufacturing costs. These measures would affect certain Canadian dairy processors, which U.S. dairy exporters have accused of operating at an unfair advantage in global markets. Canada’s three largest dairy processors – Agropur Inc., Saputo Inc. and Lactalis Canada – all have ingredient divisions producing and distributing protein prod- ucts. But in targeting dairy protein, Mr. Trump is also heaping extra costs onto massively popular products at the centre of a cultural craze.

Why a historic housing slump

didn’t spark a recession

TIM SHUFELT INVESTMENT REPORTER

ANALYSIS

he Canadian housing bubble is surestartingtolooklikeithasfully deflated. After 41⁄2 years and a 20-per-cent hit to the average price of a home national- ly, the market has finally stabilized. Not that boom times are back. Far from it. But a gradually tightening market, with prices steady for about five months, sug- gests we are now seeing the bottom. If that proves to be the end of it, what stands out most is how well it was con- tained. The decline in prices lasted nearly as long as the U.S. housing crash which startedin2008-09,andwasdeeperthanthe bear market in Ontario real estate in the 1990s, making it arguably the most severe correction on record. And yet, there have been few signs of broadereconomicfallout.Where’sthecon- tagion? Why no recession?

GOLD (oz.) US$4,036.30 -2.40

OIL (WTI) US$84.46 +5.20

There is a global demand boom for pro- tein, driven in large part by “manosphere” fitness influencers and the introduction of weight-loss drugs. Protein supply has been unable to keep up with this demand. According to reports from the U.S. Depart- ment of Agriculture, American suppliers of whey are sold out of stocks for the re- mainder of the year, and prices of high- protein whey have climbed 162 per cent since the start of 2025. Most popular dairy proteins – including whey – are byproducts of the production of cheese and were, until recently, affor- dable, readily available products that could be used as supplements in drinks or used to fortify low-protein foods, said Hrvoje Fabek, a professor of food science at the University of Guelph.

PROTEIN, B5

Partofthestoryishowadaptableandre- silient the modern economy has become. Again and again, relationships that were once thought to reliably predict recessions have broken down in recent years. “Housing is the business cycle,” Ameri- can economist Edward Leamer wrote in 2007. His point was soon proven when the collapse of the U.S. housing market trig- geredaglobalfinancialandeconomiccrisis. Mr. Leamer, who died in 2025, argued that trouble in the residential real estate market was the best warning sign of a com- ing recession. If true, the Canadian economy should have been doubly vulnerable, given how much of the country’s resources were poured into housing. At its peak in 2021, residential investment accounted for one dollar out of every $10 generated in the economy. Exceptionally high levels of household debtandabankingsystemsaturatedinres- identialmortgagessurelymeantthatwhen the bubble burst, a grim fate awaited the country.

GCAN (10-YR) 3.59% +0.06

Page 18

Ottawa to spend $1.9-billion on new trains

Locomotives will replace Via Rail’s aging fleet across the country

NICK MURRAY OTTAWA

The federal government says it plans to spend $1.6-billion to replace 45 of Via Rail’s aging loco- motivesandanother$357-million tobuildanewassemblyplantand maintenance facility. “Locomotive assembly is returning to Canada,” Transport Minister Steven MacKinnon said Wednesday at a news conference in Montreal, where the plant will be built. Ottawa says the trains will be built by Switzerland-based Sta- dler Rail AG. The first nine are to be built in Spain, while the remaining36willbebuiltinCana- da after Canadian workers learn how to assemble them from their Spanish counterparts. The locomotives are expected to be the first hybrid trains in North America. “An aging fleet comes with challenges. Today’s announce- mentgivesusthetoolsweneedto do better by our passengers,” Via Rail chief executive officer Math- ieu Paquette said. “The new hybrid locomotive offers us better performance, reliability, and will allow us to

Cenovus CEO sees growth from agreement

signed by Ottawa, Alberta and oil firms

EMMA GRANEY ENERGY REPORTER CALGARY

The energy agreement recently signed by Alberta, Ottawa and Canada’s five largest oil sands companies paves the way for sig- nificant production growth, says Jon McKenzie, the head of Cal- gary-based Cenovus Energy Inc. The pact, signed July 2, pushes forward a massive carbon-cap- ture project in the province’s north, clearing away another hurdle to the construction of a new West Coast oil pipeline, a major priority for both the federal and Alberta govern- ments. It also opens the door to Ottawa and Alberta providing more financial support for Cana- da’s largest oil sands producers to cut their emissions and expand production. Mr. McKenzie said Wednesday that the agreement “creates a framework for governments and industry to work together on production growth, emissions re- duction and expanded market access.” However, he remains unim- pressed that it also includes “an uncompetitive carbon tax” that he said “uniquely burdens Cana- dian industry.” Mr. McKenzie has railed against industrial carbon pricing in the past, arguing that it does nothing to encourage the oil and gas sector to reduce its greenhouse gas emissions. Still, the memorandum of understanding “represents mea- ningful progress towards creat- ing a competitive investment environment” for the oil sands, he told analysts during an earn- ings call Wednesday morning. “What matters most is this agreement signals a willingness to work together to grow the oil and gas sector for the benefit of all Canadians. This is an impor- tant step to getting our economy moving forward again,” he said. Although the MOU sets the conditions for production growth, Mr. McKenzie said Ceno- vus’s approach to resource devel- opment will remain unchanged, including disciplined spending

MICROSOFT TOPS WALL STREET ESTIMATES FOR CLOUD GROWTH

Microsoft Corp. topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, a sign its massive spending on AI infrastructure was paying off as capacity con- straints ease and more busi- nesses adopt the technology. Revenue at the company’s Azure cloud-computing busi- ness rose 43 per cent in its fiscal fourth quarter, compared with analysts’ consensus estimate of 39.98 per cent, according to Visible Alpha. Shares of Redmond, Wash.- based Microsoft were up about 3 per cent in extended trading. “This year, Azure revenue surpassed US$100-billion for the

The federal Transport Minister says the deal will create 1,200 new full-time jobs and the hybrid trains will be built with Canadian-made batteries. SAMMY KOGAN/THE GLOBE AND MAIL

reduce our emissions and fuel use.” The trains will replace Via Rail’s fleet across the country, except for the Windsor-Quebec City corridor, where the federal government is planning the Alto high-speed rail line. The trains along that corridor were replaced in 2018.

Chief executive Jon McKenzie says Cenovus is ‘well on track’ to average more than one million barrels a day in July, the first month the company has ever hit that number. AMIR SALEHI/THE GLOBE AND MAIL

on capital projects. The final policy details stem- ming from the MOU are due Nov. 15 – one month after an Alberta referendum on whether to hold a binding vote on separation from Canada. Prime Minister Mark Carney has made co-operating with Alberta and unleashing its energy sector with an expansion of its fossil fuel industry a key part of his case for the province remaining in Confederation. Regardless of the details in that final agreement, Cenovus has already upped its annual production guidance to reflect a bumper crude output in the sec- ond quarter. The company aver- aged more than 970,000 barrels a day (b/d) from April through June, with production from its oil sands operations alone hit- ting more than 786,000 b/d. Mr. McKenzie said the compa- ny is “well on track” to average more than one million b/d in July – the first month that the company has ever hit that num- ber. As such, it has boosted its full-year production guidance by roughly 25,000 b/d to between 970,000 and 1,010,000 b/d. The boost comes mainly from the company’s oil sands oper- ations, including its Narrows Lake project. Roughly 150 kilo- metres south of Fort McMurray, Alta., it is connected to the com- pany’s Christina Lake processing

first time, and Microsoft 365 Copilot reached over 30 million paid seats, reflecting the confi- dence customers are placing in us to power their AI trans- formation,” chief executive officer Satya Nadella said. The strong growth could ease some concerns on Microsoft, which has been under pressure owing to surging data-centre outlays and fears that AI tools could displace its long-reliable productivity software business. It follows Google Cloud’s blockbuster quarter, with the rival posting an 82-per-cent surge in cloud revenue last week, far ahead of market expectations.

Officials at the news confer- ence were asked how the new locomotives will improve Via Rail’s service. Canada’s Auditor-General re- ported earlier this year that the Crown corporation needed to improveitsserviceandnotedthat Via had failed over the past decade to improve its on-time

facility and produced first oil in July last year. Mr. McKenzie said Narrows Lake “continues to exceed expec- tations” and is producing more than 8,000 b/d. Eventually, it is projected to produce 20,000 to 30,000 b/d. “The growth we expected from Narrows Lake is coming much sooner than forecast. Notably, we reached the produc- tion rate we expected to get from the first five well pads from only the first four well pads,” he said. Production at the company’s Foster Creek facility – roughly 350 kilometres northeast of Edmonton, in the Cold Lake oil sands region – was around 215,000 b/d, about 8,000 less than the prior quarter. Cenovus attributed that to “an unplanned disruption” at the site in late May. The company’s Sunrise facili- ty, 60 kilometres northeast of Fort McMurray, reached its pro- duction target a year before its original 2027 date, and is regu- larly exceeding 70,000 b/d, Mr. McKenzie said. Cenovus reported net earn- ings of $2.87-billion for the sec- ond quarter, compared with $851-million a year earlier. Its total revenues were $17.4- billion in the second quarter, up from $12.4-billion in the first quarter of 2026.

Microsoft has forecast spend- ing US$190-billion this calendar year, part of the more than US$700-billion in unpreceden- ted Big Tech outlays that have strained the companies’ cash flows and stoked fears of capac- ity overbuild. Meanwhile, the company is cutting dependence on Ope- nAI’s technology by adding Anthropic’s models into its offerings and developing in- house AI, while leaning on its deep business ties to boost adoption of the US$30-a-month Copilot, including through deals such as the one with Accenture earlier this year. REUTERS

performance, which sank to a dis- mal 30 per cent in the first three months of 2025. “It’s true there are obstacles with respect to reliable operation of Via Rail in certain parts of the country, particularly where Via Rail shares its rail routes with car- go trains,” Mr. MacKinnon said in French.

Allied Gold’s planned

$5.5-billion sale to China’s Zijin collapses

NIALL McGEE MINING REPORTER

Canadian gold miner Allied Gold Corp. has called off its $5.5-billion takeover deal with Zijin Gold International Co. after the deal failed to win approval from China’s foreign investment regulator within an acceptable time frame. The transaction was originally supposed to close by May 29, but the target date was later pushed back to July 29, with Allied citing regulatory approvals and other closing condi- tions that had not been met. Peter Marrone, the chief executive of Allied, told The Globe and Mail on Tuesday the revised deadline wasn’t going to be met, in part because China had not yet approved the transaction. Allied, he added, was also dealing with a host of other issues important to the close, including settling tax matters, as well as finalizing streaming, lending and se- curity arrangements. In a news release on Wednesday morning, Allied attribut- ed the termination of the acquisition to “broader external factors applicable to cross-border transactions of this scale.” Allied operates mines in Mali and Ivory Coast, producing about 375,000 ounces of gold a year, and is soon starting up a new mine in Ethiopia. Shares in Allied fell by 18.6 per cent on the Toronto Stock Exchange on Wednesday to close at $24 apiece. In an interview on Wednesday, Mr. Marrone said the fail- ure to obtain approval from the regulator appears to be a big-picture policy decision in China, and not directly tied to his company. He said he had made inquiries about how many mergers and acquisitions the regulator in China had approved in the past few months involving investment abroad by Chinese entities and Chinese nationals. “The initial feedback that I have is that there’s been no approvals in that period of time,” he said. “That suggests to me that it’s a policy decision, not a decision particular to our company, or to this transaction.” The National Development and Reform Commission in China, which regulates deals involving Chinese companies abroad, did not respond to a request for comment. In May, the Financial Times, citing confidential sources, reported that the NDRC had raised concerns about the Allied deal, including both the premium being paid by Zijin and the geopolitical risks of operating in Mali. But Mr. Marrone doesn’t buy that thesis. “We have seen no evidence that is supportive of any of that,” he said. In January, Zijin offered $44 a share in cash for Toronto- based Allied, which at the time represented an all-time high for the stock. While Zijin will not acquire Allied, the Chinese miner plans to instead take a stake in the Canadian company. On Wednesday, Allied said that Zijin will acquire a 9.2-per-cent holding worth $417-million. Zijin will acquire approximately 12.8 million shares at $32.55 apiece, a 10.3-per-cent premium to Allied’s closing price on the TSX on Tuesday. Zijin Gold trades on the Hong Kong Stock Exchange and is a subsidiary of Zijin Mining Group Co. Ltd., which is partly state-owned by China. While there was some concern early on that Canada might not approve the acquisition, Ottawa promptly cleared it both on national-security and net-benefit grounds. Allied shareholders also decisively voted in favour of the deal in March. China has major influence over another big takeover involving a Canadian mining company. One of the final impediments to Anglo American PLC’s planned acquisition of Vancouver-based Teck Resources Ltd. is obtaining regulatory approval in China. However, unlike the Zijin transaction with Allied, no Chi- nese mining companies are directly involved. Instead, authorities are scrutinizing the impact the Anglo Teck com- bination would have on China’s copper supply. The State Administration for Market Regulation is determining whether too much power might be concentrated in one enti- ty, and how that might affect China as a major buyer of the commodity. Both Teck and Anglo last week said the deal remains on track to close between September, 2026, and March of next year. Teck CEO Jonathan Price said in a conference call last Thursday that SAMR’s probe of the transaction is progress- ing normally, the company is responding to various requests as part of that process and Teck hasn’t received “any requests for remedies arising from the approval proc- ess.”

“But we expect improvements in customer service, in terms of reliability. People should count on a reliable train service.” Speaking to The Canadian Press later, Mr. MacKinnon said the new equipment will improve Via’s reliability. “More broadly, we expect Via Rail to improve its customer ser- vice experience, and improve its reliability track record,” he said. “Reliability is one of – if not the – essential ingredient in attract- ing riders. We have an interest as a country in attracting ridership on ViaRail,andtoAltowhenitiscon- structed.Soallofthedecisionswe make are with a view to helping Via to improve their service, and we’ve set out a clear challenge to Via management to make sure the situation continues to im- prove.” Mr. MacKinnon said the deal will create 1,200 new full-time jobs and the hybrid trains will be built with Canadian-made batter- ies. The first trains are expected to enter service by 2031. Mr. Paquette also said Via Rail will soon make an announce- ment on replacing its passenger cars. “The process is still ongoing, so Ican’tcomment.ButIcansaythat we’ll make an announcement,” Mr. Paquette said in French.

THE CANADIAN PRESS

Page 20

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OPINION

OPINION

OPINION

OPINION & ANALYSIS

China is AI-maxxing and it has a lot to teach us

C

Open-source models, along with steps to address potential social harms are leading to more advancements and acceptance

JACOB COOKE

Chief executive of WPIC Marketing + Technologies, a Beijing-based firm that advises global brands in Asian markets

here was another Sputnik moment with the recent re- lease of Kimi K3, a cutting edge artificial intelligence model from the Chinese startup Moon- shot AI. Rivalling the performance of Anthropic and OpenAI’s top models, Kimi K3 sent Silicon Val- ley into a frenzy, prompting alle- gations that Chinese firms are us- ing American models to train their own. But those allegations, unpro- ven as of now, are not the most important part of the story. Nei- ther is the mere fact that Chinese AI is approaching parity with American AI. The real story is that China is putting forth a distinct frame- work for how AI should be dif- fused across society. Generally speaking, AI in China is open, low-cost, and application-fo- cused. Meanwhile, Chinese firms andgovernmentagenciesaretak- ingpro-activestepstoaddresspo- tential social harms of AI.

We need more government incentives for older adults to keep working

THOMAS KLASSEN

Professor in the School of Public Policy and Administration at York University

anadians who reach the age of 65 will live longer than ever – another 21 years, of which 15 are in good health. They are also retiring later than ever. The average retirement age is 65.4, while a generation ago it was 61, according to data from Statistics Canada. Government policy has pro- vided Canadians with some in- centive to stay in the workforce for longer by lessening the link between retirement and pension eligibility. Retirement benefits from the Canada Pension Plan can be delayed from 60 to any age up to 70, with higher benefits for each year that it’s delayed. The Old Age Security benefit can be pushed from 65 to any age up to 70. If not paid until age 70, re- cipients will receive one-third more in benefits than at 65. Canadians at 60 can receive CPP and remain employed. At 65,

Can fixing development charges fix Canada’s housing crisis?

ANDREW SANCTON

Fellow-in-residence at C.D. Howe Institute and a professor emeritus, department of political science, at Western University

he federal government’s introduction of the Cana- da-Ontario Development Charge Reduction Program, and a new partnership with British Columbia to lower municipally levied development charges for multi-unit housing, represent a promising step toward address- ing these fees, but come with key issues. Under the Ontario agreement, the federal and provincial gov- ernments will finance approved infrastructure projects in munic- ipalities that lower development charges for all residential types by 30 to 50 per cent for at least three years. The B.C. agreement is aimed at lowering develop- ment charges by up to 50 per cent in priority communities, though implementation details, including what qualifies as “mul- ti-unit housing,” are still unclear. The agreements, both funded

People visit the Moonshot AI stand, featuring the Kimi K3 model, during the World Artificial Intelligence Conference in Shanghai earlier this month. HECTOR RETAMAL/AFP VIA GETTY IMAGES

It’s a framework with signifi- cant merit. The Kimi ecosystem is open weight. That means any company or developer can download Kimi, run it on local servers, and apply it to their specific needs. The same is true for models from Chi- nese players such as Alibaba, DeepSeek, Z.ai, MiniMax, and others. Firms monetize through adjacent services, like hosting or enterprise setup, but broadly speaking the technology is acces- sible. On the other hand, America’s frontier AI models are closed. Ac- cess is metered, and firms are shelling out enormous token fees to Anthropic, OpenAI, and Goo- gle. Chinese models are generally more efficient than their Ameri- can counterparts. U.S. limits on the sales of cutting edge Nvidia

they can simultaneously receive CPP and OAS benefits while con- tinuing to earn employment in- come, or they can choose not the receive one or both of the bene- fits. They can also contribute to an employer pension and to reg- istered retirement savings plans until they reach 71. Yet, there are still barriers to the labour market participation of older workers. Many provinces allow employers to impose a mandatory retirement age of 65 if the workplace has a pension plan. Labour and human rights legislation permit employers to exclude workers 65 and over from health care, disability and life insurance benefits. The regu- lations that govern workers’ compensation schemes continue to assume that employees retire at 65. At present, workers can no longer contribute to their em- ployer pension or RRSP once they reach 71, but must then be- gin to receive pension payments and withdraw funds from their registered retirement income funds. The Canadian Association of Retired Persons and various pension industry groups have long called for the elimination of

through the federal Build Com- munities Strong Fund, are in- tended to reduce the cost of new housing amid an affordability crisis. Ontario and B.C. have the highest development charges in the country (more than $100,000 a residence in many municipalities in the Greater To- ronto Area, and more than $50,000 in Metro Vancouver). But there are three main issues with these agreements, especial- ly as they apply in Ontario. The first is that they seem manifestly unfair to recent pur- chasers of new housing. Imagine having bought a new house for $800,000 in Milton, Ont., in 2025. Included in the cost was more than $100,000 in development charges, originally paid to the municipality by the developer. This cost was absorbed by the owner’s mortgage, meaning that they have borrowed money to pay for the cost of future munici- pal infrastructure required by the new subdivision in which their new home is located. After the Canada-Ontario agreement is implemented, simi- lar houses in a new adjacent sub- division should be selling for tens of thousands of dollars less, depending on the municipality,

chips to China were intended to contain its AI development. In- stead, these export restrictions forced Chinese labs to optimize for efficiency. Now, many Chinese models can achieve high per- formanceatafractionofthecom- pute cost of American models.

Chinese firms are not necessarily focused on creating AGI, but instead on developing capable models that can be diffused across the economy through applications.

Meanwhile, to meet skyrocket- ing token demand, the U.S. is building out data centres at a his- toric scale. That is straining elec-

mandatory withdrawals from RRIFs at any age, or the option to delay those withdrawals until 75. Doing so would provide older people, whether employed or re- tired, with greater control of their retirement savings. In adjusting and modernizing employment regulations govern- ing older workers, policy makers must allow individuals to make their own choices, rather than dictating solutions. The Harper government’s ill- fated policy to raise the eligibility age of the OAS to 67 is a textbook example of what not to do. Lim- iting access to a benefit, especial- ly one aimed at retired people with fixed income, was both poor politics and policy. The Tru- deau government promptly re- versed the age increase once it assumed office. A wiser policy has been to keep the age of eligi- bility at 65, but provide the op- tion – and incentives – for indi- viduals to delay receiving bene- fits. A major reason that Cana- dians are now working longer is that two decades ago, govern- ments across the country elim- inated mandatory retirement at 65 for most employees. This re-

provided lower construction costs are passed on to buyers. With similar, less costly houses for sale nearby, the value of the home purchased in 2025 will de- cline. Everyone takes a financial risk when they purchase a new home, but few would expect to lose money as a direct result of a new government program aimed at helping purchasers of new houses. It is true, of course, that if an owner is able to hold on to the home for many years, the gap in home values might erode. But we all know that life, espe- cially for young families, is rarely so stable. The second problem with the agreements is that taxpayers in areas of the country where de- velopment charges are not levied end up subsidizing new local in- frastructure in prosperous places such as the Greater Toronto Area and Metro Vancouver. The main reason these other areas do not levy development charges is pre- cisely because they are less pros- perous; such areas are not going to levy charges on developers trying to build new housing. Greater Montreal is a prime example of a growing major Can- adian metropolitan area in

tricity grids, inspiring local oppo- sition, and damaging the envi- ronment. Another difference centres on the pursuit of artificial general in- telligence, or AGI. Silicon Valley firms are pouring billions into achieving superintelligence. Sky- high capital expenditure has ren- dered American AI models large- ly unprofitable, despite high fees. These firms’ enormous valua- tions are based on a bet that achieving AGI in the future would pay enormous dividends. But even if that bet pays off, the win- nings would accrue to a narrow few, according to Adam Tooze, an economic historian and a profes- sor at Columbia University. Chinese firms are not necessar- ily focused on creating AGI, but instead on developing capable models that can be diffused across the economy through ap- plications. The lower cost of Chi- nese models, combined with their open weight nature, allows other companies to build cus- tomized apps that run on local servers. As Alibaba’s chairman Jo- seph Tsai said last year, open source allows businesses, individ- uals, and entrepreneurs to inno- vate with AI, rather than AI stay- ing concentrated in a few dom- inant players. Here’s how that can work in practice. My firm helps overseas consumer brands enter the mar- ket in China. We’ve used Kimi and Alibaba’s Qwen to build our own applications that run on our own servers. These applications help manage e-commerce stores, opti- mize delivery logistics, and exe- cute marketing campaigns. To do this with American AI’s proprie-

form did not compel employees to work longer, but rather pro- vided flexibility to do so if they wished. At that time, some ob- servers predicted that if workers no longer must retire, fewer jobs would be available for young people. This has not occurred. The youth unemployment rate has been slightly lower dur- ing times when average retire- ment ages increased, and higher when retirement ages decreased. In other words, the increase in retirement age over the past dec- ades has not been detrimental to younger workers. Politicians should consider policy reforms that are targeted to specific groups of workers, since retirement age varies by sector. On average, self-employ- ed workers retire at 68.4, those in the private sector retire at 66, and public-sector workers at 62.6. Public sector employees will be most impacted by reforms to defined benefit pension plans meant to provide options and in- centives for later retirement. Those changes would be less consequential for those in the private sector, or self-employed workers who typically do not have such plans.

which development charges are either non-existent or very low. Here, municipalities, including the City of Montreal, borrow funds to build new local infras- tructure. That is why they are far more indebted than municipal- ities in Toronto or Vancouver. When residents of these mu- nicipalities pay their property taxes, they pay to service the debt taken on by their munici- pality. When these same resi- dents pay their federal taxes, a portion of these funds will now go to pay for new local infras- tructure in Toronto and Van- couver. These funding agree- ments fall under the umbrella of the federal Build Communities Strong Fund, but equal provin- cial repartition is not guaran- teed. The third problem is that the agreements require the federal and provincial governments to get into the business of choosing which municipal infrastructure projects merit funding. No one can possibly believe that the po- tential involvement of three lev- els of government is likely to promote overall public-sector ef- ficiency and effectiveness. The prospect of bureaucrats from the province or federal gov-

tary models would have been prohibitively expensive for many companies. Businesses across the economy in China are embracing AI in this fashion, and the effi- ciency gains are more widely en- joyed. The divergence also extends to public sentiment. According to Stanford’s 2026 AI Index, 83 per cent of people in China see AI as more beneficial than harmful, versus just 39 per cent of Amer- icans. Much of the public conver- sation in China focuses not on job losses but on concrete gains. For example, AI-powered robots could ease staffing shortages in the China health care sector in the next few years. That positive sentiment likely stems in part from the Chinese public and private sectors getting ahead of AI’s potential external- ities. That was made clear at the World AI Conference in Shanghai, which ran from July 17 to 20, when China’s President Xi Jinp- ing insisted that AI must serve humanity and called for precise oversight of any negative conse- quences. In China, new rules this month banned AI “companion” services for minors. Chinese courts have ruled that a company cannot dis- miss workers to replace them with AI. The e-commerce giant JD.com has pledged to retrain its staff even as the company pushes to automate warehouses with AI. China’s framework – AI as ac- cessible, low-cost, and focused on positive applications, with guard- rails around employment and other negative externalities – is perhaps best suited to meeting this moment.

Women live longer than men and are at greater risk of facing poverty in old age because of lower lifetime earnings from em- ployment – often stemming from leaving the labour force because of caregiving duties. Women, in particular, may benefit from re- forms to how the CPP calculates time away from work because of young children. Reforms to OAS, with the aim of encouraging ol- der people to earn employment income, can also be considered. The age of 65 is no longer the marker between work and retire- ment. The boundary between re- ceiving employment income and pension income is more porous today than in the past. By work- ing longer than the past gener- ation, Canadians are calling into question some of the assump- tions about both work and retire- ment, while supporting the country’s economic growth. Governments can do more to ensure that older Canadians have options for their retirement or employment, or some combi- nation of both. Additional incen- tives for those interested and able to work longer are positive steps for individual Canadians and the economy.

ernment poring over submis- sions pleading for funds for new wastewater plants, local roads, li- braries and fire stations is con- cerning, especially when we con- sider that such submissions will presumably be coming from some of the country’s largest and most sophisticated municipal- ities. This comes after many years of attempting to disentan- gle the affairs of such municipal- ities from the grip of so-called se- nior levels of government. The long-term solution is to gradually reduce development charges by expanding municipal borrowing, which is constrained by provincial legislation and mu- nicipal fiscal rules, and using fi- nancing tools to spread infras- tructure costs over time. It would mean that all municipal tax- payers, rather than just the pur- chasers of new homes and rent- ers in new buildings, would eventually pay for the cost of new growth-related local infras- tructure. This is the way it was 50 years ago before fast-growing munici- palities conveniently stumbled into the development-charge trap. It’s time to return to a sys- tem that spreads these costs more fairly.

Page 21

Supplies of whey protein, which used to be part of a niche market, mostly for athletes and body builders, have tightened as mainstream corporate actors also seek to capitalize on the trend. BRANDON BELL/GETTY IMAGES

Protein: Online influencers are pushing diets

high in animal proteins, from red meat to dairy

FROM B1 U.S. imports of CaEadiaE proteiE products hit by SectioE 338 tariffs In U.S. dollars, by year

In fact, the supply of dairy solids – which includes a wide range of dairy proteins made during the processing of milk – has at times outpaced global demand, driving trade disputes between Canada and the U.S. After decades of stable growth for dairy proteins, the global mar- ket had started to plateau in 2021 as China shored up its national productionanditsmajorsupplier – New Zealand – encroached on U.S. market share in other coun- tries. The U.S. Dairy Export Council alleged that Canadian producers were making matters worse by dumping low-priced dairy pro- teins into export markets, includ- ing the U.S. Canada’s processors were at an unfair advantage because the supply management system meant they could sell these prod- ucts at cheap, uncompetitive rates, the U.S. industry alleged in arguments submitted to the U.S. International Trade Tribunal. Under the United States-Mexi- co-Canada Agreement, Canada agreed to limit tariff-free exports of skim milk powder, milk pro- tein concentrate and infant for- mula. But the U.S. Dairy Export Council alleged that processors had simply started adding these proteins to different products, ef- fectively disguising the byprod- uct as another item in order to by- pass export restrictions. “Canada has used loopholes to evade USMCA disciplines on dairy protein exports,” a state- ment from the U.S. Dairy Export Council said shortly after Mr. Trump announced the tariffs this month. But the latest stage of this dis- pute is taking effect in a market verydifferenttowhenthedispute first began. The U.S. and Canada are in the midst of a global protein craze in large part because of weight-loss drugs like Ozempic, Prof. Fabek said. These medications can re- sult in a loss of muscle mass. Doc- tors and dietitians are recom- mending high-protein diets as a way to retain lean muscle mass. And dairy proteins are consid- ered “complete”: They have the full chain of amino acids, in the correct order, and they are fully digestible. Protein has also been politic- ized – tied to resurgent conserva- tive ideas about food and gender, said Elaine Power, a dietitian and professor at Queen’s University where she studies food and health. The rise of conservative poli- tics and the delegitimization of left-wing ideology have shifted consumer preferences. Online in- fluencers are pushing diets high in animal proteins, from red meat to dairy. The trend has been reflected in the Trump administration’s poli- cies on health and nutrition, she added, pointing to the U.S.’s up- dated dietary guidelines. In January, Health and Human Services Secretary Robert F. Ken-

In January, Health and Human Services Secretary Robert F. Kennedy Jr. flipped the national food pyramid upside down – recommending a diet high in protein, specifically red meat and dairy. The new recommendations almost doubled the protein intake to a range of 1.2 to 1.6 grams a kilogram of body weight.

CPKC PROFITS DIP DESPITE BUMPER GRAIN CROP FUELLING HIGHER REVENUES

Canadian Pacific Kansas City Ltd. says profits dipped in its latest quarter even as revenues shot up on the back of a bumper grain crop. The Calgary-based railway says net income nudged down nearly 2 per cent to $1.02-billion in the three months ended June 30 compared with $1.23-billion in the same period a year earlier. Second-quarter revenues rose

Protein isolates Other core protein products Adjacent dairy/whey products

US$200M

150M

50M

100M

2015 2017 2019 2021 2023 2025

Other core protein includes whey and milk protein concentrates, edible gelatin, peptones and albumins. Adjacent products include other natural milk constituents, cream powder, fluid whey and other dried whey

THE GLOBE AND MAIL, SOURCE: U.S. CENSUS BUREAU, WHITE HOUSE

nedy Jr. flipped the national food pyramid upside down – recom- mending a diet high in protein, specifically red meat and dairy. The new recommendations al- most doubled the protein intake to a range of 1.2 to 1.6 grams a kilo- gram of body weight. There are strong commercial interests behind the gendered fit- ness and wellness movement, said Emma Grundtvig Gram, a public-health researcher at the University of Copenhagen who has studied the effects of male fit- ness influencers on consumer trends.

A number of the high-profile fitness influencers who were key proponents of the Trump admin- istration have founded, owned or advertised on behalf of supple- ment companies that sell dairy- based protein powders. A promi- nent example is Onnit Labs Inc., co-founded by Joe Rogan, a pop- ular and controversial podcast host who endorsed Mr. Trump shortly before the 2024 U.S. elec- tion. (Mr. Rogan’s support for Mr. Trump has wavered since this en- dorsement.) Supplies of whey protein, which used to be part of a niche market, mostly for athletes and body builders, have tightened as mainstream corporate actors also seek to capitalize on the trend, Prof. Power said.

13 per cent year-over-year to $4.16-billion from $3.70-billion. CPKC says diluted earnings per share fell to $1.15 from $1.33 a share a year earlier. Revenues from grain – the railway’s largest segment – rose by nearly a quarter from the year before while container revenues jumped 11 per cent. Chief executive Keith Creel says leveraging the company’s

The number of high-protein shakes and drinks on the market rose by 122 per cent between 2020 and 2024, according to a report from Innova Market Insights, and brands from Starbucks to Buffalo Wild Wings have launched high- protein lines. The latter intro- duced an “espresso proteini” in March – a beverage with 10 grams of protein and a Buffalo Dry Rub rim. The average U.S. supermarket now stocks upward of 38,000 products that advertise protein content, according to the Associ- ated Press, citing a market firm research report from NielsenIQ. Large food and beverage com- panies moving into this space have been bad news for those who have been marketing whey protein from before the protein- maxxing moment. For example, producer of high-protein baking and beverage mixes, HelloAmi- no, was cut off from its supplies of whey protein at the beginning of May. The Alberta-based company had been marketing high-protein products since before the current trend took off, founder Aelie Swift said. “Literally no one wants to do business with us,” she said. “If you’re not ordering a million-dol- lar truckload, you can’t even get a hold of someone.” HelloAmino has pivoted to a different dairy protein formula- tion, but it is costing them 50 per cent more to get supplies. And whey producers will not be able to scale up production quickly. Because whey is a byproduct of cheese production, a processor cannot increase production with- out the risk of flooding the cheese market, Prof. Fabek said. Proces- sors will instead be focusing on ways to get more protein from ev- ery litre of liquid milk, but these investments take time. “Since every kilogram of cheese generates a certain amount of liquid whey, there needs to be a demand for both, and that’s where you’re finding a big issue and a big challenge.”

With reports from Jason Kirby

status as the only freight railway to span all three countries in North America is paying off. In a separate release, the company announced the retire- ment of board chair Isabelle Courville, who took the helm in May, 2019, to become the first woman to chair a major North American freight railway, effec- tive Wednesday. THE CANADIAN PRESS

THE CANADIAN PRESS

BoC policy makers

split on scope of recent economic rebound: minutes

Bank held benchmark rate steady at 2.25% on July 15, and deliberations show officials growing more confident in the economy

CRAIG LORD OTTAWA

Members of the Bank of Canada’s governing council were split over how sustainable a recent economic rebound could be, deliberations from the central bank’s rate decision earlier this month show. The Bank of Canada held its benchmark interest rate stea- dy at 2.25 per cent for a sixth straight time at its decision on July 15. Minutes tracking governing council’s discussions heading into that announcement were released Wednesday. The deliberations show officials were growing more confi- dent in the economy during the second quarter after a year of flat growth. Higher global oil prices and signs of a recovery in the hous- ing market were supporting growth over the previous three months, the governing council noted. Surveys of businesses and a recent pickup in exports, meanwhile, suggested firms were adapting to tariffs and persistent trade uncertainty from the United States. The Bank of Canada’s July rate decision and updated fore- casts came before Washington’s latest threat of 50-per-cent tariffs on a range of Canadian goods, though governing council noted in its meetings that “the possibility of new U.S. tariffs was an ever-present downside risk to growth.” The central bank expects real gross domestic product rose 2.5 per cent on an annualized basis last quarter, and is forecasting modest growth to continue through the second half of the year and into 2027. Monetary policy makers were “confident” about the second- quarter rebound, the meeting minutes showed, “but there was a range of views among governing council members about the sustainability of the rebound beyond the near term.” “Members agreed they would need to monitor the data closely for signs that growth was broadening as projected in the July report,” the report read. Though inflation ticked up to 3.2 per cent in May, there were few signs inflation was spreading beyond the gas pumps. More recent data showed the annual rate of inflation eased to 2.8 per cent in June as the prospect of peace between the United States and Iran helped cool price pressures. Bank of Canada officials have been clear in recent months that monetary policy faces a dilemma with the war in Iran pushing some prices higher at the same time U.S. trade pres- sures hamper the economy. Those forces normally push the policy rate in opposite directions, leaving monetary policy makers somewhat stuck. Governing council agreed in their July deliberations that with inflation pressures abating and growth picking up, “the trade-off facing monetary policy had diminished.” Renewed hostilities in the Middle East in recent weeks un- derscored the governing council’s view that inflation risks are still potent, however. “If oil prices increased and were to stay higher, spillovers to other prices could increase, raising the risk that inflation would broaden. Such a scenario would likely require a mone- tary policy response,” the summary of deliberations read. Most economists still expect the Bank of Canada to keep its policy rate on hold for the rest of the year. Statistics Canada is set to report its early estimate for sec- ond-quarter growth alongside the May GDP figures on Friday.

The central bank expects real gross domestic product rose 2.5 per cent on an annualized basis last quarter, and is forecasting modest growth to continue through the second half of the year and into 2027.

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Page 22

Fed: Many policy makers

predict scope for inflation will decelerate later in 2026

FROM B1

FROM B1

Officials are also dealing with booming demand for prod- ucts tied to the sharp rise in artificial-intelligence invest- ment. Supply has yet to catch up, leading to higher prices on items such as semi-conductors, computer chips and servers, along with high demand for electricians and carpenters. The debate at the Fed centres on how quickly inflation will ease from here as some of these temporary factors fade, and whether rate increases will ultimately be necessary to get inflation to return to target. Mr. Warsh, who presided over his second meeting as chair of the central bank, owns the outcome. Since taking the reins in May from Jerome Powell, who is now a Fed governor, Mr. Warsh has staked his reputation on vanquishing inflation. He has been explicit that officials have “no tolerance” for elevated inflation, and that evidence of cooling conditions in the latest Consumer Price Index report from June does not amount to “mission accom- plished.” That report showed that overall consumer prices were 3.5 per cent higher in June than a year earlier, down from a 4.2-per-cent annual rate in May. Mr. Warsh, speaking at a news conference Wednesday, was on the defensive as he was pressed to explain how keeping rates steady was compatible with his “price stabil- ity” pledge. He opened the news conference by saying that “where necessary and appropriate, we will not hesitate to act.” He pushed back on the idea that the Fed was on “pause” at this meeting and he repeatedly stressed that there was “nothing inertial” about the Fed’s discussion, its policy or its strategy. Until this point, however, Mr. Warsh has not specified how exactly he will make good on his inflation pledge. When asked at congressional hearings this month how the Fed would tame inflation, he stipulated that the central bank would assert its commitment to getting it down, take responsibility for any failure in doing so and study the pol- icy tools at its disposal. When asked specifically about the effectiveness of the Fed’s tools and whether higher rates were the best remedy to tackle inflation, Mr. Warsh said Wednesday that this was one tool that “could well be part of that solution, but I wouldn’t say it’s in isolation.” Mr. Warsh instead homed in on recent gyrations in financial markets, most notably the rise in yields on inflation-adjusted government bonds. The recent tightening of financial conditions, which capture the availability of credit across the economy, provided the Fed “some comfort that we’ve got the ability and capability to deliver,” he said. As Mr. Warsh spoke, longer dated Treasury yields rose sharply, with the 30-year bond closing in on its May peak of 5.2 per cent. That was the highest level since 2007. The rise in the 30-year Treasury yield suggests some worry about Mr. Warsh’s ability to tackle inflation in the long run. The case for leaving rates unchanged hinges on an assumption that the Fed can afford to be patient before making a move. Many policy makers see scope for inflation to decelerate in the second half of the year. By the next meeting in September, the Fed will have two more months of data in hand. Moreover, the public has not yet lost confi- dence in the Fed’s ability to eventually reach its goal, as evidenced by a range of metrics tracking inflation expecta- tions. Mr. Warsh on Wednesday clarified that price stability means returning inflation, as measured by the Personal Consumption Expenditures Price Index, to 2 per cent. “There is no soft implicit target, not on this committee’s watch,” he said. “There’s only a target, and it’s 2 per cent.” Traders are now pricing in a rate increase for December and have dialled back expectations for a September move. A rate rise later this year will no doubt anger Mr. Trump, who tapped Mr. Warsh for the job. The President has long wanted the central bank to lower rates. After Wednesday’s decision, Mr. Trump laid the blame on Mr. Warsh’s col- leagues, who vote alongside the chair on policy decisions. “I know he’d love to see lower interest rates, but he’s got a board, and it’s a political board, and they want to keep rates up,” the President said.

NEW YORK TIMES NEWS SERVICE

U.S. Federal Reserve chair Kevin Warsh on Wednesday clarified that price stability means returning inflation, as measured by the Personal Consumption Expenditures Price Index, to 2 per cent. WIN McNAMEE/GETTY IMAGES

Recession: After factoring in inflation, some GTA markets saw price declines of 40%

FROM B1 The boom and bust of Canadian housing Inflation-adjusted national average home price compared to long-term baseline housing growth rate of roughly 2 per cent per year (home price indexed to 100 in 1980)

For at least a decade, the end was perpetually nigh upon us. Cana- da’s housing market was heavily showcased as among the world’s most inflated. And then finally, it happened, courtesy of a sharp rise in inter- est rates that, up to that point, seemed like a thing of the past. At last, the housing market fell. The sky did not. Certain regions were ham- mered. After factoring in infla- tion, some markets in the Grea- ter Toronto Area saw price de- clines of about 40 per cent. While the Canadian economy stagnated, to be sure, it never came close to a proper recession. There are several reasons why. The downturn was largely a necessary unwinding of the ex- cesses in Canadian housing dur- ing the pandemic, said Benjamin Tal, deputy chief economist at Canadian Imperial Bank of Com- merce. “Prices are now where they

Real home price Baseline

2010 2015 2020 2025 0

Members of the public test Rokid smart glasses during the product’s official launch at Venture X offices in Richmond Hill, Ont., on July 22. The glasses allow the wearer to switch between AI assistants

Unions: USW members mostly work in industries

that would be hit hard by Section 338 tariffs

“Our priority must be to align our trade policies to address the chal- lenges posed by unfair and preda- tory trade practices of countries like China, not to drive a further wedge between our nations.” On July 20, the White House announced sweeping new tariffs on nearly US$20-billion worth of Canadian goods. Mr. Trump in- voked Section 338 of the Depres- sion-era Tariff Act, which has never previously been used, to issue the tariffs on Canada, in re- taliation for what his administra- tion considers “discrimination” against imports of U.S. autos, alcohol and dairy. The levies would affect Canadian exports of machinery, electronics, mechani- cal equipment, plastic and rub- ber products, among other items. USW International represents approximately 850,000 workers across the United States and Can- ada, mostly employed in metals, mining, pulp and paper, rubber, chemicals and auto supplies – all industries that will be hit hard by the Section 338 tariffs. But while its Canadian coun- terpart, USW Canada, has been consistent in its opposition to Mr. Trump’s tariffs since the onset of the trade war in early 2025, the American chapter of the union has on multiple occasions come out in support of tariffs as a tool to rebalance trade relationships. Specifically, USW has cham- pioned the White House’s use of tariffs to curtail China’s alleged steel dumping, an unfair trade practice where foreign manufac- turers sell steel products in a country at depressed prices to undercut local markets. The union – like Mr. Trump – is also vehemently opposed to main- taining the United States-Mexico- Canada Agreement in its current form, arguing that it exacerbated the outsourcing of auto parts pro- duction to Mexico and failed to compel corporations to raise wages of Mexican workers. (USW also represents auto parts work- ers.)

Looking to the future

EDUARDO LIMA/THE GLOBE AND MAIL

U.S. Steel employees walk to greet company and government officials at an investment announcement in June at the company’s Edgar Thomson Plant in Braddock, Pa. STEPHANIE STRASBURG/ASSOCIATED PRESS

Indeed, some USW members in the U.S. have allied themselves closely with Mr. Trump because of his trade policies, believing that tariffs will restore job securi- ty to the country’s manufacturing heartland. The group Steelwork- ers for Trump, led by USW mem- ber Brian Pavlack, has garnered thousands of supporters in the past two years, and is frequently featured at Mr. Trump’s rallies. The country’s biggest auto union, United Auto Workers, has also championed Mr. Trump’s tariffs, seeing them as a means of bringing well-paying unionized jobs back to the U.S., even if it is at the expense of Canadian jobs. According to Marty Warren, USW Canada’s national director, his union has lost between 1,500 and 2,000 members over the past year as a result of Mr. Trump’s trade war. “We are still hanging on, but the real threat is the inse- curity that is felt in so many of our workplaces because of the unresolved CUSMA dispute with the U.S.,” he told The Globe and Mail in an interview, using anoth- er name for the USMCA. Mr. Warren said the Canadian union’s relationship with its American leadership is strong, and both unions are allied in their opposition to Section 338

highs despite falling property values. “Interestingly enough, Cana- dians have probably directed more investment dollars into fi- nancial markets since real estate, as an investment class, died tem- porarily when the correction be- gan,” said Robert Kavcic, senior economist with Bank of Mon- treal. Still, it seems like a minor mir- acle for Canada to have largely absorbed what could have been a domestic economic shock. Homeowners and lenders alike avoided the “mortgage-re- newal cliff” that many feared awaited those renewing at much higher interest rates. The big banks managed their exposure well, while few borrow- ers resorted to defaulting. Lots of Canadian construc- tion workers avoided unem- ployment by pivoting to infras- tructure projects, Mr. Tal added. And most of the big developers were strong enough to wait out the slump.

tariffs. “As Roxanne Brown said, Canada is not the problem, and we should be working together as two countries trying to stop the offshoring of jobs.” If new tariffs do take effect on Aug. 19, Mr. Warren anticipates that USW workers in the forestry sector – representing roughly 14,000 jobs – will be most affect- ed, given that the tariffs extend to plywood, particleboard, veneer and some paper goods. “Many of these jobs are in remote commu- nities, so holding that job is everything to them,” he said. Other major Canadian unions have voiced their opposition to the Section 338 tariffs. In a July 21 statement, Unifor national presi- dent Lana Payne said the tariffs were intended to inflict economic damage on Canada and force gov- ernments into making conces- sions during trade negotiations. Unifor also represents workers in industries targeted by tariffs, in- cluding autos, forestry, manufac- turing and paper products, and those not targeted by tariffs, such as potash, energy and critical minerals. “The targets Trump exempted reveal his hand. He knows that despite his bluster, the U.S. does need things from Canada,” Ms. Payne said.

A similar narrative has played out globally the past few years, in ways big and small. Predictors of recession flash red, then ev- erything turns out fine. The in- version of the yield curve and sharp downturns in survey data are two examples. A few years ago, it was widely thought that only a global recession could quell runaway inflation. Many feared U.S. President Donald Trump’s tariffs would trigger another major inflation- ary wave. Or that the blocking of the Strait of Hormuz would tor- pedo the global economy. In all cases, the outcome was better than expected. Companies rerouted supply chains to avoid tariffs or bottlenecks, borrowers managed higher interest rates to avoid defaulting, consumers shifted to cheaper alternatives to withstand inflation. The economy has been battle- tested. Perhaps that’s made it better at weathering the shocks that once would have cascaded into recession.

Page 23

Sanctions bill

would give Trump new tariff powers

Legislation would restore trade authorities that the Supreme Court stripped away when it ruled against President’s levy use

ALAN RAPPEPORT WASHINGTON

The sanctions legislation that moved forward in the U.S. Sen- ate this week goes beyond enacting new financial restrictions on Russia and Iran. It also gives President Donald Trump broad new powers to impose tariffs on imports from some of the world’s largest economies. The bipartisan bill, which was designed by the late senator Lindsey Graham, a Republican from South Carolina, was intended to demonstrate that Congress is unified in its desire to punish Russia for its invasion of Ukraine and to prevent Iran from obtaining a nuclear weapon. But tucked inside the legislation are tools that would give the Trump administra- tion sweeping discretion to impose steep tariffs on major buyers of Russian energy products. The measure would restore some of the trade authorities that the Supreme Court stripped away when it ruled against Mr. Trump’s use of tariffs on national-security grounds earlier this year. Itifbecomeslaw,thebillwouldallowMr.Trumptoimpose 500-per-cent tariffs on Russian imports, which include most- ly fertilizers, and tariffs as high as 100 per cent on the largest importers of Russian oil and gas. Countries that help Russia evade sanctions could also face tariffs as high as 100 per cent. Thepolicycouldleadtoadditionalleviesonbillionsofdol- lars’ worth of products imported from China, India and Eu- ropean Union countries. The bill represents the latest move by Congress to cede more of its authority over trade policy to Mr. Trump. It also comes amid bipartisan anger over the President’s provoca- tive use of tariffs, which has led to retaliation from other countries and uncertainty for businesses. Scott Lincicome, a trade expert at the free-markets-orient- ed Cato Institute, said that some of the key language in the legislation is murky and that Mr. Trump has shown he will push the limits of his tariff powers. “The President has demonstrated repeatedly that he is willing to exploit any ambiguity in a tariff statute that lets him impose additional import taxes,” Mr. Lincicome said. “When you’re dealing with Trump, you should be extremely reluctant to give him new tariff powers.” Despite last-minute changes to reduce the potential im- pact of the tariffs on American companies, the bill leaves room for the White House to interpret who are the biggest buyers of Russian energy products, which could open the door to a more expansive use of tariffs. The legislation also gives Mr. Trump, who has at times been reluctant to punish Russia with sanctions, the leeway not to impose them by issuing a waiver and providing Con- gress with an explanation of why he believes an exemption is in the national interest. The President has argued that he needs flexibility when it comes to tariffs and sanctions when negotiating with other countries. The potential for Mr. Trump to gain more power to uni- laterally impose tariffs has rattled industries that were already struggling to cope with the gyrations of his trade agenda. Over the past year, Mr. Trump has continuously add- ed, adjusted and removed tariffs as he sought to gain nego- tiating leverage with American trading partners. That has left companies struggling to plan how to source the products they buy and how to set their prices. As they rushed to finalize the bill ahead of Mr. Graham’s funeral Tuesday, lawmakers met resistance from lobbyists who are anxious about giving Mr. Trump more tariff author- ity. “The potential of new, broad, 100-per-cent tariffs on imports from secondary countries risks raising costs for American businesses, workers and consumers,” a group of nearly two dozen trade associations wrote in a letter to Sen- ator John Thune of South Dakota, the Republican majority leader, and Senator Chuck Schumer of New York, the Demo- cratic minority leader. “Tariffs of this scale would increase costs for everyday con- sumer goods, manufacturing inputs and other products while creating significant uncertainty for companies making sourcing, pricing and inventory decisions months in advance.” The lobbying groups include the U.S. Chamber of Com- merce, the Retail Industry Leaders Association and the Na- tional Foreign Trade Council. They asked lawmakers to re- move the tariff authority in the bill and warned that tariffs were “a blunt tool that can penalize law-abiding U.S. compa- nies.” The fate of the bill in the House is unclear, as some top Democrats have already expressed opposition to giving Mr. Trump more tariff authority. However, the bipartisan sup- port in the Senate suggests that it could pass. Still, some Sen- ate Democrats have also expressed reservations. “I do not think tariffs, which are paid for by American busi- nesses and consumers, will help Ukraine win this war,” Sen- ator Maggie Hassan, a Democrat from New Hampshire, wrote on social media after the vote. “And over the last year, it’s become more clear that President Trump will use any legal – or illegal – mechanism to make families pay his reckless tar- iffs.” A White House official said that the bill was the result of months of negotiations among federal agencies, the White House and lawmakers and that it reflected bipartisan nation- al-security and foreign-policy objectives. Late changes to the Senate version of the bill were intend- ed to restrict some of the potential impact on America’s trad- ing partners. Only the top five importers of Russian oil or gas are eligible to be hit with U.S. tariffs. Countries that take sig- nificant steps to reduce their purchases of Russian oil and gas could have their tariff rates reduced or eliminated. Ben Harris, a former Treasury Department official in the Biden administration who helped design its policy to cap the price of Russian oil, said that he was encouraged to see bipar- tisan legislation that could compel the Trump administra- tion to punish more Russian shadow fleet tankers and tight- en enforcement of existing sanctions. But with energy prices remaining volatile because of the conflict in Iran and Mr. Trump continuing to express mixed messages about Russia, it is not clear how the President would wield new sanctions and tariff powers if he gets them. “The Trump administration has a terrible record with respect to sanctioning Russia’s oil industry to date,” Mr. Har- ris said. “It’s been unclear what their objective has been from the get-go.”

Deutsche Bank reported a 10-per-cent jump in quarterly profits, defying expectations for a drop, as strength at its global investment banking division offset a rise in expenses. KIRILL KUDRYAVTSEV/AFP VIA GETTY IMAGES

European bank rally rolls on as UBS,

Deutsche Bank report profit jump

TOM SIMS FRANKFURT ARIANE LUTHI ZURICH TOMMY REGGIORI WILKES LONDON

Deutsche Bank AG and UBS Group AG beat forecasts again with second-quarter earnings on Wednesday, buoyed by a surge in trading activity and strong retail business as Europe’s lenders extend a more than two-year- long recovery. In a busy day for bank results, Standard Chartered PLC also delivered forecast-surpassing numbers and lifted its full-year incometargetonthebackofsurg- ing revenue in wealth and global banking. European banks have enjoyed a remarkable resurgence in the past 2½ years after more than a decade of rock-bottom interest rates and concerns about euro zone government debt, which soured investor sentiment toward their stocks. The sector is now one of the best performing in Europe, with theSTOXXEuropeBanksindexat its highest since late 2007 and up 143 per cent since early 2024, as higher rates boost interest income and loan demand swells despite continued weakness of the region’s economy. Germany’s biggest bank re- ported a 10-per-cent jump in second-quarter profit, defying ex- pectations for a drop, as strength at Deutsche’s global investment banking division offset a rise in expenses. Some of its competitors reported stronger gains owing to a trading boom in the wake of the Iran war and blockbuster initial public offerings. Still, Wednesday’s results extend a nearly uninterrupted re- turn to quarterly profit over

Shares in Birkin bag maker Hermès dive

as sales, Chinese weakness disappoint

DOMINIQUE PATTON PARIS

Hermès International SCA shares sank 11 per cent on Wednesday after the Birkin bag maker posted second-quarter sales growth in line with expectations but said buying in China, its biggest mar- ket, had yet to rebound. Shares in the French luxury group closed at €1,509 ($2,424.96), their worst day in more than 15 years, cutting €19.7- billion off the company’s market capitalization. Hermès said second-quarter sales of products including hand- bags, silk scarves and perfume rose by 6.7 per cent in currency- adjusted terms to €4.1-billion, in line with expectations and slight- ly up from 6-per-cent growth in the first quarter. While an operating profit mar- gin of 41 per cent was better than expected, the relatively modest sales improvement was likely to grab investors’ attention, analysts said. “The problem here is that the shares are trading at 38 times earnings, by far the highest mul- tiple in the sector. And the earn- ings essentially didn’t budge,” said Jelena Sokolova, analyst at Morningstar. Industry bellwether LVMH Moet Hennessy Louis Vuitton SE reported similarly muted results on Monday, although Kering SA positively surprised the market with better-than-expected results

recent years, as chief executive of- ficer Christian Sewing stabilized one of the world’s most signifi- cant banks. Revenue growth dur- ing the second quarter at Deutsche’s fixed income and cur- rencies division even surpassed Wall Street rivals. JPMorgan Chase analysts called the results “strong across the board,” and shares rose 2 per cent. UBS booked a 17-per-cent jump in second-quarter profit that also beat expectations, and said it planned to buy back shares worth US$3-billion by the middle of next year. Switzerland’s biggest bank, which is waiting for clarity on new capital rules that could shape its future, said that amid robust broad-based growth its trading division delivered record second-quarter revenue. “While the year is not over, we are close to achieving the same level of profitability UBS had pri- or to the acquisition,” chief exec- utive Sergio Ermotti said, refer- ring to UBS’s 2023 emergency takeover of local rival Credit Suisse. In some cases, investors look beyond headline figures. Britain’s Barclays PLC reported a 17-per-cent rise in first-half prof- it on Tuesday, better than expect- ed, but shares dropped as analy- sts said its equities performance undershot market expectations while costs came in higher. France’s BNP Paribas last week also beat forecasts with a 33-per- cent year-on-year profit rise in the second quarter. Domestically focused retail lenders, such as Britain’s National Westminster Bank, Italy’s Intesa Sanpaolo SPA and Spain’s Caixa- Bank SA have also seen their shares recover dramatically. Despite their sustained rally, European lenders are worth a

at its biggest brand Gucci, a sign chief executive officer Luca de Meo’s turnaround push is start- ing to work. “We think investors will focus this morning on the top-line growth, and Hermès’ slower pace of reacceleration vs peers,” analy- sts at JPMorgan said in a note to clients. Hermès, which carefully con- trols production and sales to maintain exclusivity, weathered the COVID-19 crisis better than peers, and had been the most re- silient luxury group in a years- long industry-wide slowdown. Nonetheless, growth fell below high single-digit percentages in the first quarter after conflict in the Middle East dented shoppers’ appetite in markets from Dubai to Paris, weighing on shares, which are down 20 per cent so far this year. The impact of the conflict weakened in the second quarter, the group said on Wednesday, while growth in France increased by 6 per cent from a drop in the first three months of the year. “In the second quarter, we are seeing improved momentum in our Paris stores,” CEO Axel Du- mas told reporters, adding that tourist traffic in the country had improved. Heat-wave conditions and wildfires have, however, deterred some tourists in recent weeks. Mr. Dumas said question marks remained over both France and the Middle East in the

fraction of their Wall Street rivals. JPMorgan is closing in on a US$1- trillion valuation, while the most valuable European lenders today are HSBC Holdings PLC and San- tander Bank NA, worth £266-bil- lion ($499-billion) and €180-bil- lion ($289-billion), respectively. European banks remain valued far below U.S. lenders, based on a price-to-book value – a common measure of valuing banks. The region’s lenders are also constrained by regulation and political resistance to cross-bor- der consolidation, analysts say. While some central bankers say such deals are needed for Europe- an banks to compete globally, UniCredit SPA’s nearly two-year pursuit of Commerzbank AG demonstrates the difficulty. The euro zone economy’s sub- dued growth and its vulnerability to the fallout from conflict in the Middle East remain concerns for European lenders, despite little sign of rising bad loans or provi- sioning yet. Marina Zavolock, chief Eu- ropean equity strategist at Mor- ganStanley,saidthathigherinfla- tion on the back of rising energy prices could benefit European banks, through higher interest rates. The appeal for investors is also partly the low base from which European banks have recovered. Lombard Odier analysts said in a note this month that although European banks were benefiting less from capital market activity than U.S. rivals, the outlook remained favourable with a sta- ble economic backdrop and rates rising again. “We think that improving returns on equity are not yet reflected in valuations for European banks,” they said.

REUTERS

second half and there was no sign of any rebound in China. In Asia-Pacific excluding Ja- pan, Hermès’s biggest region by sales, revenue grew at 2.5 per cent in currency-adjusted terms, stea- dy from the first quarter, but be- low the 3.3 per cent expected in a consensus of analysts provided by Visible Alpha. “I see the Chinese market sta- bilizing, but I do not yet see a fun- damental rebound,” Mr. Dumas said, adding that despite the un- certain situation, he was happy with the result. Hermès, which caters to the ul- trawealthy with handbags cost- ing more than US$10,000, said theleathergoodsdivisionthatac- counts for almost half its revenue grew 10 per cent in the quarter, slightly below a consensus of 10.8 per cent. Mr. Dumas said the pace of growth should continue at around the same rate in future months. “I see … going forward the same tendency which at plus 7 per cent is good,” Mr. Dumas told analysts. However investors are looking for more recovery, Ms. Sokolova said. “The rest of the sector is kind of rerating because markets are expecting recovery, and we do have early signs of the recovery happening here and there. But withHermès,it’sjustkindofbusi- ness as usual,” she added.

Page 24

S

GLOBE INVESTOR

The chip sell-off: Prime AI buying opportunity

Analysts say investors are weighing a range of concerns, including a potential flood of cheaper Chinese chips

W

ANDREW GALBRAITH

hares of global chipmakers have taken a sharp fall this week as investors reconsider their bets on winners and losers from the rise of artificial intelli- gence. Analysts point to a range of concernsbehindthedrop,includ- ing a potential flood of cheaper Chinese chips, and worries that tech companies investing heavily in AI infrastructure may face higher debt-servicing costs while strugglingtogeneratesustainable revenues. Seoul-listedsharesofchipmak- er SK Hynix have slid more than 50 per cent from June highs, and the Philadelphia Semiconductor Index of U.S.-listed chipmakers hasshedmorethanaquarterofits value over the same period. But despite the scale of the declines, some argue it doesn’t affect the underlying case for investing in AI-related companies. “It’s a multigenerational op- portunity,”saidSriIyer,managing director and head of i3 Invest- ments at Guardian Capital. “The question is about at what price to buy it, not whether to buy it.”

Questrade introduces Canada’s first AI-connected brokerage accounts

MEERA RAMAN

Online trade platform Questrade Financial Group Inc. is rolling out what it says is Canada’s first direct connection between bro- kerage accounts and popular AI assistants such as Claude and ChatGPT, as part of several prod- ucts it’s releasing as competition among online brokerages inten- sifies. The privately owned company unveiled the new offerings on Wednesday at an event in Toron- to, betting that a growing gener- ation of self-directed investors is looking for more sophisticated investing tools as brokerages race to add new features. “We were fintech before there was fintech,” chief executive offi- cer Edward Kholodenko said in an interview with The Globe and Mail prior to the event. He said the company is looking to deliver products that meet customers’ rapidly evolving needs. Questrade will let customers use an artificial-intelligence inte- gration called Model Context Protocol to connect their ac- counts to AI assistants they may already use. The integration allows clients to ask AI assistants questions about their portfolios, market

Buying and selling assets? Understand how to protect capital-gains tax treatment

TAX MATTERS

FCPA, FCA, CPA(IL), CFP, TEP, author, and co-founder and CEO of Our Family Office Inc.

hen my kids were little, I taught them about tax- es. If they had an ice cream, I’d grab it from them and take a bite. I’d tell them it was a tax. Five minutes later, I’d ask if they still had any ice cream. “No Dad, it’s all gone,” they’d say. But then I’d tell them to show me what was in their hands. Reluc- tantly they’d pull out the ice cream again. I’d take another bite. “That’s called a tax audit,” I’d say. “I just wanted a little more.” When it comes to tax audits, some taxpayers face greater risk than others. Let me explain why.

The stampede to safety Artificial-intelligence developers may get all the headlines, but don't overlook the bull market in sensible stocks. Supposedly safe, dependable stocks such as Royal Bank of Canada, Canadian Utilities Ltd. and Loblaw Co. Ltd. are trading at their highest price-to-earnings (P/E) ratios in years. (Share price to forecast earnings for next 12 months)

Loblaw

Canadian Utilities

Royal Bank of Canada

2018 2020 2022 2024 2026 8

THE GLOBE AND MAIL , SOURCE: S&P GLOBAL MARKET INTELLIGENCE

Butinvestorshopingtocapital- ize on AI opportunities have also had to wrestle with the question of what to buy. While proponents oftheAIrevolutiontalkuppoten- tialefficiencygainsboostingprof- its at non-tech companies that useAItools,suchasthroughchat- bots, supply chain optimization and product innovation, it has been difficult to calculate specific benefits beyond chipmakers and hyperscalers. “The reality right now is we’re still in the very early stages of AI implementation,” Mr. Iyer said. A significant amount of money is goingtoenablers,companiesthat

Questrade CEO Edward Kholodenko, left, and president Rob Galaski, seen at the company’s office in Toronto last week, have plans to eventually integrate AI into savings and borrowing products as well. LAURA PROCTOR/THE GLOBE AND MAIL

conditions and watchlists using their own account data. Investors can also draft trades through the AI assistant before approving them through the Questrade app. In May, OpenAI released a tool to allow ChatGPT Pro users in the United States to connect with financial accounts and ask the chatbot questions about their money. Artificial intelligence will play

later sell it for a profit. You report a capital gain, expecting just one half of gain to be included in income. Then the Canada Reve- nue Agency comes knocking with a different view: You were not simply acquiring and then selling an investment, but you were car- rying on a business or undertak- ing an “adventure in the nature of trade,” so the entire profit is recharacterized as business in- come – which is fully taxable – and penalties can apply to boot. It’s a real risk for entrepre- neurs, real estate investors, active private investors, cryptocurrency traders and high-net-worth tax- payers who enter certain transac- tions repeatedly. Intention mat- ters here. Where your intention was to buy and sell something quickly to make a buck, the CRA may say that the asset is more akin to business inventory and profit should be taxed as business in- come. Tax auditors are increas- ingly able to examine patterns across years, compare financing arrangements, review e-mails and study what you’ve actually done rather than listen to what you say your intentions were. The taxman’s playbook is fair- ly predictable. First, the CRA will group your transactions together

build the technology and infras- tructure behind AI, while adopt- ers, organizations that have inte- grated AI tools into core business operations, are struggling in the market, he said. That could change. In a report this week, Morgan Stanley equity analysts led by U.S. equity strate- gist Michael Wilson said that the adoption of AI tools “is moving decisively from experimentation to measurable enterprise value,” with 40 per cent of companies thathadadoptedAItoolscitingat least one quantifiable benefit, nearlydoubletherateayearearli- er.

a growing role across Questrade’s business beyond investing, the company said, with plans to eventually integrate AI into sav- ings and borrowing products as well. Questrade is also introducing pre-IPO investing, allowing accredited investors to buy stakes in private companies before they go public. Not to be confused with IPO access, which allows in- vestors to request shares in select

to create a pattern. Next, it high- lights the facts that look com- mercial: short holding periods, repeated sales, improvements, marketing efforts, leverage and your sophistication. It then reconstructs your in- tention at the time of purchase and turns those conclusions into factual assumptions supporting a reassessment. You’ll have to pro- duce credible evidence to knock those assumptions down.

THE CASE

The leading case on this issue is Happy Valley Farms Ltd. v. The Queen, 86 D.T.C. 6421 (F.C.T.D.). The taxpayer bought farmland, subdivided it and sold portions at a profit, reporting capital gains. The court sided with the tax authorities and found that the activity looked more like a com- mercial operation than passive investing. The court identified six factors that still guide these disputes: the nature of the property; how long it was owned; how often similar transactions occurred; the work done on the property; the cir- cumstances that caused the sale; and the taxpayer’s motive when acquiring it. No factor decides the issue alone.

Gains for companies were con- centrated in revenue generation, cost savings, capital efficiency and productivity, the report said, with adoption potentially boost- ing companies’ net margins by one percentage point through 2027. “The outlook for AI adopters is becoming increasingly compell- ing, with the benefits of imple- mentation helping to offset con- cerns around potential disrup- tion,” the analysts wrote, adding that industries frequently viewed as vulnerable to AI disruption, such as transport, software and professional services, are among “the more attractive adopter groups” based on their research. A new exchange-traded fund launched this week reflects the shift. Mr. Iyer said that about two- thirds of the new Toronto-listed Guardiani3AITechnologyandIn- novation Fund is focused on AI enablers, but the rest is allocated to companies adopting AI tools. The ETF itself is the product of several layers of artificial intelli- gence. Mr. Iyer said Guardian uses AI agents to extract evidence of a company’s AI use from its official filings and management tran- scripts, and to determine the im- portance of AI to the company’s operations. Guardian then uses AI models to predict factors such as valua- tion metrics, growth rates, short- term direction and volatility, and to generate recommendations thatarethenassessedbyportfolio managers, who make the final

Canadian and U.S. initial public offerings at the launch price be- fore public trading begins, pre- IPO investing allows investors to buy in weeks or sometimes months before a company goes public. Questrade is the first self- directed brokerage in Canada to offer this product, it said. The company also announced commission-free U.S. equity options trading, and for premi- um members, an added bonus of receiving five cents for every U.S. equity options contract traded. Questrade now manages about $100-billion in assets, up from $9-billion in 2019. The company is making the product push as Canada’s online brokerage market has become in- creasingly competitive. Rivals in- cluding Wealthsimple, Coinbase Canada, and a new entrant, U.S. brokerage Robinhood, have all expanded their investing offerings over the past year, while millions of Canadians have opened self-directed investing accounts amid growing interest in the markets. Still, competitors are not driv- ing the company’s strategy, Ques- trade president Rob Galaski said in an interview. “We’re not look- ing to do what everybody else does,” he said. While acknowledging the

The lesson is that actions speak louder than explanations. You might insist that an asset was purchased as a long-term invest- ment, but short-term financing, development work and a quick resale may tell another story. There’s also the doctrine of “secondary intention.” Even where the primary plan was in- vestment, a gain may be business income if, at the time of pur- chase, you also had a genuine fallback plan to resell at a profit. Your mere willingness to sell if circumstances change is not nec- essarily enough to trap you, but documentation matters. The newer residential proper- ty-flipping rules raise the stakes further. A gain on certain residen- tial property sold within 12 months is deemed to be business income – with some exceptions. Holding for more than 12 months doesn’t guarantee capital treat- ment, because the traditional Happy Valley analysis still ap- plies.

decisionsaboutwhichcompanies to include. In addition to quantifiable ele- ments such as cost savings and revenue generation from AI, Mr. Iyer said AI agents will consider “textual data sets” to analyze newer AI-related public compa- nies that may lack detailed oper- ational and balance-sheet data. The strategy gives investors an opportunity to gain more nu- anced exposure to AI-related companies than following an in- dex or focusing on high-profile tech names, he said. “ThisAIuniverseisnotjustone bigblob.It’sgotmultiplesubcom- ponents.” Investors are nevertheless un- likelytoenjoyasmoothride,even if the outlook for AI companies remains positive. Mr. Iyer noted that both adopters and enablers of AI technology have experi- enced “excessive volatility” and sharpdrawdownsthisyear.That’s despite continued indications of strong profitability in the sector. “The recent correction has mainly been driven by fear rather thanevidenceofthingsstartingto go awry,” John Higgins, chief eco- nomic adviser for financial mar- kets at Capital Economics, wrote in a note. “Analysts’ expectations for earnings per share in the big- tech sectors combined have not yet shown signs of faltering.” Mr. Higgins said falling share prices despite steady earnings ex- pectations had the potential to create “room for a sizable recov- ery if sentiment turns.”

industry has accelerated the pace of innovation, he said Ques- trade’s focus is on building prod- ucts that better meet customers’ long-term needs rather than sim- ply matching rivals’ offerings. “We’ll launch similar types of things, but we’ll do it in a more thoughtful and better way than everybody else does,” Mr. Galaski said. Alongside the new products, Questrade revealed its first major brand redesign in more than 25 years. The company is ditching its green triangle logo and opting for a lighter green design with just the Questrade name. “We’ve been using the same brand, and life has changed around us,” Mr. Kholodenko said. “The new brand reflects the di- rection of where we’re going and the type of customer that we’re looking to attract.” He described that customer as someone ambi- tious who wants to become more financially secure and successful. Questrade also continues to pursue a foray into prediction markets, another area where it has been waiting for regulatory approval from the Canadian Investment Regulatory Organiza- tion. Wealthsimple is rolling out its prediction market app this summer, partnering with U.S.- based Kalshi.

(short-term financing might sug- gest the intention to own the asset was short-term), what income was expected and why a later sale occurred. E-mails, investment analyses and professional advice at the time of your purchase will gener- ally carry more weight than a pol- ished explanation prepared years later when the tax audit takes place. Decisions made when a trans- action is structured can matter more than arguments raised after an auditor has already formed a conclusion. Consider the narra- tive the CRA is building. Separate genuinely independ- ent transactions (just because you flipped a property once and faced tax on business income doesn’t mean every transaction you complete should be treated the same way). Explain market- driven decisions, distinguish or- dinary flexibility from a resale plan and identify every factual assumption made by the CRA that is wrong or incomplete. Here’s the bottom line: Tax disputes of this kind are won when your conduct, documents and explanation all point in the same direction. The law supplies the test, but your evidence tells the story.

Page 25

Dow dives more than 1,100 points

U.S. index posts worst day since April, 2025, while in Canada, the TSX retreats 1.2% from record closing high

U.S. stocks extended losses, in- terest-rate sensitive two-year Treasury yields dropped and the greenback slipped on Wednesday after the Federal Reserve held in- terest rates steady, while oil pric- es surged after renewed attacks across the Middle East. Canadian stocks closed near their lowest level of the session, with only the energy sector posting gains. The Fed’s decision was largely expected, but three of the 12 members of the policy-setting Federal Open Market Committee dissented from the move that left the benchmark interest rate in the 3.50- to 3.75-per-cent range in favour of a quarter-percent- age-point hike. Oil prices were up roughly 8 per cent after major air strikes resumed in the Middle East, rais- ing the spectre of further disrup- tions to already impaired global energy supplies. The rally was compounded by industry data showing a drop in U.S. crude in- ventories. “There’s been a lot of stop- and-start news out of the Middle East, and I think until we get some sort of resolution that’s a bit more durable, we’ll continue to see that headline risk crop up,” said Bill Merz, head of cap- ital markets research and port- folio construction at U.S. Bank Wealth Management in Minnea- polis.

Oil prices were up roughly 8 per cent after major air strikes resumed in the Middle East. BRENDAN McDERMID/REUTERS

ETF and mutual fund newcomers that earned their stars

IAN TAM

NUMBER CRUNCHER

CFA, and director of investment research for Morningstar Canada

WHAT ARE WE LOOKING FOR?

Canadian mutual funds and ETFs that recently became eligible for a Morningstar Star Rating – and earned four or five stars on their first report card.

THE SCREEN

Ifyou’veeverresearchedamutual fund or ETF, you’ve probably come across Morningstar’s famil- iarone-tofive-starrating.Therat- ing has been around for decades and has become a popular short-

Newcomers that have earned high star ratings

12M EST. NET ASSET FLOWS (CAD) Stock Fund/ETFs Manulife Smart Global Dividend ETF Portfolio GDIV-N Global Dividend & Income Equity 0.38 4 Stars Silver 20.9 29.9 19.1 2023-05-16 5.9 65.1 26.2 1.5 1.2 $75.2M $52.6M BMO Sustainable Equity Growth Portfolio Global Equity 0.87 4 Stars Neutral 10.2 18.7 17.9 2023-06-16 22.5 40.7 33.4 0.0 2.0 $9.6M $4.7M Fidelity Global Innovators ETF FINN-N Global Equity 1.09 5 Stars Gold 33.6 46.3 40.3 2023-05-19 15.3 61.8 22.2 0.0 0.6 $2,856.0M $1,028.3M CI Equity Asset Allocation ETF CEQT-T Global Equity 0.33 4 Stars Gold 13.1 25.7 20.5 2023-05-17 28.0 39.3 32.1 0.0 0.5 $50.2M $31.6M BMO Global Health Care Fund Healthcare Equity 0.85 5 Stars Bronze 8.6 30.2 12.4 2023-06-16 0.0 81.9 16.1 0.0 2.0 $39.7M -$166.9M Bond Funds/ETFs NBI Canadian Core Plus Bond Fund Canadian Fixed Income 0.46 5 Stars Silver 1.1 3.9 5.0 2023-05-12 0.0 0.0 0.0 100.5 -1.4 $851.0M $267.9M RBC U.S. Discount Bond ETF RUDB-T Global Fixed Income 0.28 5 Stars Bronze 3.1 5.5 6.5 2023-05-18 0.0 0.0 0.0 99.2 0.8 $435.7M -$24.4M Balanced Funds/ETFs BMO Managed Conservative Portfolio Global Fixed Income Balanced 0.79 4 Stars Bronze 5.7 10.7 9.4 2023-06-16 8.0 19.4 14.7 53.4 3.3 $36.8M $12.1M CI Balanced Income Asset Allocation ETF CBIN Global Fixed Income Balanced 0.29 4 Stars Gold 5.8 11.7 10.2 2023-05-17 11.2 15.8 12.9 59.7 0.4 $24.9M $3.5M CI Balanced Asset Allocation ETF CBAL-T Global Neutral Balanced 0.29 4 Stars Gold 8.1 15.9 13.2 2023-05-17 16.5 23.2 19.0 40.7 0.5 $165.0M $99.3M CI Growth Asset Allocation ETF CGRO-T Global Equity Balanced 0.29 4 Stars Gold 10.6 20.9 17.0 2023-05-17 22.4 31.5 25.7 19.9 0.5 $91.6M $33.4M CI Balanced Growth Asset Allocation ETF CBGR-T Global Equity Balanced 0.29 4 Stars Bronze 9.4 18.6 15.2 2023-05-17 19.6 27.6 22.5 29.8 0.5 $43.9M $28.6M

FUND LEGAL NAME TICKER MORNINGSTAR CATEGORY MER (%)

Source: Morningstar Direct | Data as of July 28, 2026 | Oldest share class only.

EYE ON EQUITIES DAVID LEEDER

URANIUM ROYALTY (UROY-NASDAQ) CLOSE US$3.03, UP 25¢ CELESTICA (CLS-NYSE) CLOSE US$328.43, DOWN $21.77 GIBSON ENERGY (GEI-TSX) CLOSE $32.48, UP 37¢ GOEASY (GSY-TSX) CLOSE $49.00, DOWN $1.99 QUARTERHILL (QTRH-TSX) CLOSE $2.52, UP 12¢

National Bank Financial analyst Mohamed Sidibé upgraded Ura- nium Royalty Corp. to an “out- perform” rating from “sector per- form” following the close of its acquisition of the 92-per-cent in- terest in the Sweetwater Entities held by Orion Resource Partners and Ontario Teachers’ Pension Plan, citing “the addition of a cash-generating soda ash royalty portfolio with embedded growth and land optionality.” Target: His US$3.75 target falls under the consensus of US$4.50.

The rebound in oil prices had raised expectations that the U.S. central bank could hike rates this week, even though inflation moderated in June more than economists had expected. “After the June inflation print showed some progress, this move was to be expected,” said JP Powers, chief investment offi- cer at TWA Wealth Partners. “But each meeting we’re now building more uncertainty around it than the last.” Fed funds futures traders are now pricing in 60-per-cent odds of a rate hike in September. The Dow Jones Industrial Av- erage fell 2.2 per cent, to 51,594.86, for its worst day since April, 2025. The S&P 500 dropped 1.5 per cent, to 7,316.39 and the Nasdaq Composite was down 1.7 per cent at 24,442.94. The S&P/ TSX Composite Index ended down 415.92 points, or 1.2 per

Fed funds futures traders are now pricing in 60-per-cent odds of a rate hike in September.

cut for investors looking to com- pare funds. Yet many investors don’t realize that a fund must have at least three years of per- formance history before it can re- ceive a star rating. Until then, even promising new funds re- main unrated and can be easy to overlook. The star rating compares a fund’s performance with others in the same category after ac- countingforfeesandrisk.ACana- dian bond fund, for example, is measuredagainstotherCanadian bond funds – not against global stock funds or technology-fo- cused strategies. The rating also putsgreateremphasisonmorere- cent results and considers how much risk a fund took to achieve those returns. In simple terms, funds that have delivered better results with less downside risk

After “another clean beat-and- raise” from Celestica Inc., CIBC World Markets analyst Todd Coupland thinks the Street’s forecast are “too low and the numbers need to move up.” “Q2/ 26 was ahead across the board, and 2026/2027 targets moved well above FactSet consensus,” he said. “The key message: 2027 is not a fade year.” Target: Reaffirming his “outper- former” rating, Mr. Coupland raised his target to US$500 from US$480. Consensus is US$445.

cent, at 35,333.78, after posting a record closing high on Tuesday. The two-year U.S. Treasury yield, which typically moves in step with interest rate expecta- tions for the Fed, fell 5 basis points to 4.227 per cent after ris- ing to 4.339 per cent.

Markets had been pricing in a roughly one-in-three chance of a hike heading into the meeting. But the yield on the U.S. 30- year bond jumped 7.1 basis points to 5.167 per cent and was on track for its biggest daily gain since May 15, suggesting traders expect a build up of longer-term inflationary pressures.

tend to earn higher ratings. Of course, a strong star rating doesn’t guarantee future success. Markets and investment teams change, and even highly rated funds can go through difficult pe- riods. That said, Morningstar’s re- search has shown that, on aver- age, funds with higher ratings have tended to outperform those with lower ratings over time. While investors should never rely on a single measure when selec- tinginvestments,thestarratingis a very useful starting point. This week, I used Morningstar Direct to identify funds and ETFs launched in mid-2023 that have crossed the three-year threshold and qualified for a star rating for the first time. Think of them as the graduating class. Out of roughly72fundsandETFs(count- ing only the oldest share class of

MORNINGSTAR RATING FOR FUNDS

MORNINGSTAR MEDALIST RATING

RBC Dominion Securities analyst Maurice Choy expects a “strong” second-quarter performance from Gibson Energy Inc.’s mar- keting segment to “reignite the market’s attention on the poten- tial benefits (and surprises) this business can bring in terms of generating capital-light cash flows to de-lever and/or fund long-term projects.” Target: Keeping an “outper- form” rating, Mr. Choy increased his target to $33 from $30. Con- sensus is $31.50.

Mr. Warsh, speaking to report- ers in a press conference after the release of the Fed’s policy statement, said that more for- ward guidance on monetary pol- icy decisions may be prudent in moments of financial crisis, such as the 2008-2009 period, but it’s worth revisiting such guidance during more benign periods. “It sounds like Warsh will take his lead from the markets. If real yields fall, he may opt to hike. If real yields stay where they are or rise, he can comfortably sit on his hands,” said Brian Jacobsen, chief economic strategist at An- nex Wealth Management in Menomonee Falls, Wis. The U.S. dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.45 per cent to 100.96. That strength in the greenback helped to send the Canadian dollar up about three- tenths of a U.S. cent. Global markets have been vol- atile this month as investors question the sustainability of the AI spending boom amid signs that major U.S. companies are deepening a web of AI-linked in- vestments and continuing to funnel billions into the technol- ogy at the expense of free cash flow. Earnings expectations have grown so lofty that even a sixfold jump in SK Hynix’s quarterly profit fell short on Wednesday, sending its shares tumbling 9.6 per cent. Meta Platforms dropped 4 per cent in extended trade after the social-media company said it now expects 2026 capital expen- diture to be between US$130-bil- lion and US$145-billion, com- pared with its prior forecast of

each fund), I selected those that earned four or five stars right out of the gate – evidence that they have outperformed many of their peersduringtheirfirstthreeyears in the market.

WHAT WE FOUND

The table accompanying this arti- cle lists the funds and ETFs that met the screen. It includes each fund’s category, star rating, man- agement expense ratio, inception date, trailing performance, asset allocation and estimated net as- set flows over the past 12 months. I’ve also included Morning- star’s Medalist Rating, which is our forward-looking assessment of a fund’s ability to outperform its peers in the future. Unlike the star rating, which is based on past performance, the Medalist Rating

TOTAL RET YTD (%)

TOTAL RET 1 YR (%)

TOTAL RET ANNLZD 3 YR (%) INCEPTION DATE

Previewing its second-quarter earnings release on Aug. 7 in a report titled A Long Road Back, ATB Cormark analyst Jeff Fen- wick downgraded Goeasy Ltd. to “underperform” from “market perform” previously, warning the results will “feature a continued contraction of the loan book along with elevated credit loss- es.” Target: His target for Goeasy shares remains $35, which is be- low the consensus of $37.

US$125-billion to US$145-billion. Also after the bell, Microsoft climbed 0.6 per cent after it topped Wall Street estimates for quarterly cloud revenue growth, a sign its massive spending on AI infrastructure was paying off. Amazon.com and Apple are due to report earnings later this week. South Korea’s KOSPI, which has become emblematic of the wild swings in AI sentiment, fell nearly 6 per cent a day after sink- ing more than 10 per cent to a three-month low. In response, South Korea will introduce addi- tional curbs on single-stock lev- eraged exchange-traded funds, or ETFs, including a cap that could limit an individual’s in- vestment in such products to 20 per cent of their total investment assets, the finance ministry said on Wednesday. In TSX trading, heavily weighted financials fell 2.9 per cent. Industrials ended 1-per- cent lower, with shares of con- struction and engineering com- pany Aecon Group down 9.1 per cent. Allied Gold said its planned $5.5-billion sale to China’s Zijin Gold was terminated after the companies concluded they were unlikely to satisfy closing condi- tions by the agreed deadline. Shares of Allied Gold tumbled 18.6 per cent. Energy added 3.2 per cent, helped by a 4.5-per-cent gain for Cenovus Energy. The company raised its 2026 production out- look after reporting a more than threefold jump in second-quar- ter profit.

REUTERS, GLOBE STAFF

evaluates the strength of the in- vestment team, the quality of the firm and the investment process itself.WhileIdidn’tscreenspecifi- cally for Medalist Ratings, it’s no- table that many of the qualifying funds have earned gold, silver or bronze ratings, suggesting they may continue delivering strong results. Asalways,investorsshouldpay close attention to a fund’s catego- ry when comparing ratings. A five-star bond fund and a five-star equity fund may both rank highly against their peers, but they can serveverydifferentrolesinaport- folio.

This article does not constitute financial advice. Readers are encouraged to conduct their own research before buying or selling any of the funds or ETFs listed here.

CAN. EQUITY (%)

U.S. EQUITY (%)

INT’L EQUITY (%)

FIXED INCOME (%) CASH (%)

Citing the future impact of its re- cent US$70-million acquisition of the tolling solutions business of Conduent Business Services LLC, ATB Cormark analyst Gavin Fairweather raised Quarterhill Inc. to a “top pick” recommenda- tion from “outperform” previ- ously. “We are increasingly confi- dent the post-Conduent Quarter- hill is a much larger and more profitable business than the stock is discounting,” he said. Target: His target moved to $5 from $4.40. Consensus is $2.25.

TOTAL NET ASSET (CAD)

Page 26

MARKETS

TSX INDEXES AND SUB INDEXES

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TSX COMPOSITE IND 35333.78 -415.92 -1.16 285380 11.42 TSX 60 INDEX 2091.63 -25.04 -1.18 136603 12.45 TSX COMPLETION IN 2231.42 -24.41 -1.08 148777 7.30 TSX SMALLCAP INDE 1350.21 -16.26 -1.19 101106 12.84 TSX VENTURE COMPO 858.56 -8.50 -0.98 43791 -13.08 TSX CONSUMER DISC 407.70 -1.78 -0.43 4714 6.56 TSX CONSUMER STAP 1345.58 -3.17 -0.24 4678 8.67 TSX ENERGY CAPPED 426.73 13.08 3.16 47633 42.04 TSX FINANCIALS CA 756.44 -22.79 -2.92 42461 20.55 TSX HEALTH CARE C 23.14 -0.35 -1.49 1857 5.66 TSX INDUSTRIALS C 527.15 -5.28 -0.99 19004 12.88 TSX INFORMATION T 316.04 -1.31 -0.41 11135 -3.23 TSX MATERIALS CAP 708.11 -5.20 -0.73 84054 -5.55 TSX REAL ESTATE C 325.90 -2.45 -0.75 10237 3.01 TSX GLOBAL GOLD I 733.31 -5.82 -0.79 122816 -10.38 TSX GLOBAL MINING 212.30 -2.37 -1.10 354802 1.07 TSX INCOME TRUST 255.99 0.16 0.06 10809 16.24 TSX PREFERRED SHA 719.17 1.92 0.27 418 3.29 TSX COMMUNICATION 154.94 1.90 1.24 20457 -1.22 TSX UTILITIES CAP 413.46 -3.19 -0.77 16060 17.36

U.S.

TSX GAINERS TOP 20 FOR STOCKS $1 OR MORE

CRWN CROWN CAPITA 1.34 0.19 16.52 106.15 HMM-A HAMMOND MA 20.18 2.75 15.78 73 80.02 SOXD MEGASHORT -3 2.47 0.33 15.42 583 -87.99 OILU SAVVYLONG GE 45.78 5.68 14.16 45 183.47 HOU BETAPRO CRUDE 20.17 2.41 13.57 1884 129.99 ALYA ALITHYA GROU 1.14 0.12 11.76 199 -31.74 CNQU SAVVYLONG 2X 43.76 3.95 9.92 78.61 GURU GURU ORGANIC 3.99 0.36 9.92 29 -20.04 NVDD SAVVYSHORT - 13.77 0.91 7.08 5 -21.94 BGAU BLOSSOM GOLD 1.68 0.11 7.01 79 5.00 QQD-U BETAPRO NAS 19.30 1.20 6.63 -19.58 INTU INTUIT CDR ( 20.28 1.25 6.57 45 -19.17 NRGU BETAPRO SP T 62.97 3.83 6.48 87 92.92 ABXX ABAXX TECHNO 25.24 1.50 6.32 144 -50.51 VOLX BETAPRO SP50 15.98 0.93 6.18 89 -12.68 SQQQ BETAPRO -3X 9.63 0.55 6.06 875 -26.71 TCUS TRADING CENT 25.00 1.40 5.93 24.38 QQQD MEGASHORT -3 8.99 0.49 5.76 9 -25.46 KEI KOLIBRI GLOBA 7.26 0.39 5.68 16 34.20 ADBE ADOBE CDR (C 10.07 0.53 5.56 401 -25.85

HMM-A HAMMOND MA 20.18 2.75 15.78 73 80.02 KEY KEYERA CORP 60.35 1.04 1.75 1962 37.16 MG MAGNA INTERNAT 97.14 -0.21 -0.22 1300 32.76 PPL-PR-E PEMBINA 26.75 0.07 0.26 3 4.37 PWF-PR-P PWR FNL 21.80 0.09 0.41 3 8.03 RS-PR-A REAL ESTA 10.37 -0.03 -0.29 4 1.77 RFA-PR-I RFA FINA 23.50 0.00 0.00 2 3.30 AAPU SAVVYLONG 2X 48.52 -0.82 -1.66 6 42.71 SGR-UN SLATE GROC 17.73 -0.06 -0.34 83 16.26 SGR-U SLATE GROCE 12.61 0.18 1.45 11.79 SYK STRYKER CDR ( 23.89 0.45 1.92 4 18.56 TCWW TRADING CENT 21.91 0.82 3.89 9.00 TCUS TRADING CENT 25.00 1.40 5.93 24.38 VISA VISA CDR (CA 33.70 0.26 0.78 47 3.76 WN WESTON GEORGE 105.87 -1.37 -1.28 259 11.81

S&P/TSX COMPOSITE INDEX STOCKS LARGEST STOCKS BY MARKET CAPITALIZATION

VNP 5N PLUS INC. 31.01 -1.52 -4.67 422 75.00

ABRA ABRASILVER R 13.50 -0.91 -6.32 649 26.40 AAV ADVANTAGE ENE 10.77 0.08 0.75 653 -8.26 ARE AECON GROUP I 44.41 -4.45 -9.11 699 41.98 AEM AGNICO EAGLE 203.13 0.22 0.11 1176 -12.73 AC AIR CANADA 25.37 -0.39 -1.51 2592 31.52 AGI ALAMOS GOLD I 40.13 -0.57 -1.40 1087 -24.28 AQN ALGONQUIN POW 8.38 -0.20 -2.33 2121 -0.71 ATD ALIMENTATION 90.93 -1.00 -1.09 1173 21.30 AAUC ALLIED GOLD 24.00 -5.50 -18.64 8141 -23.69 AP-UN ALLIED PROP 10.05 -0.70 -6.51 2835 -24.83 ALA ALTAGAS LTD. 55.64 0.13 0.23 1038 32.95 ALS ALTIUS MINERA 59.03 1.98 3.47 459 44.54 AIF ALTUS GROUP L 47.68 0.22 0.46 148 -15.92 USA AMERICAS GOLD 5.15 -0.32 -5.85 1353 -26.85 ARX ARC RESOURCES 32.54 0.54 1.69 2458 26.37 ARIS ARIS MINING 19.57 -0.86 -4.21 968 -12.08 ATZ ARITZIA INC 135.33 -2.39 -1.74 654 15.32 ACO-X ATCO LTD. C 78.31 0.44 0.57 265 38.90 ATH ATHABASCA OIL 10.62 0.40 3.91 1702 51.07 ATRL ATKINSREALIS 86.24 -2.84 -3.19 851 -2.66 ATS ATS CORPORATI 37.31 -0.75 -1.97 401 -1.32 ASM AVINO SILVER 7.41 -0.36 -4.63 909 -13.23 AYA AYA GOLD AND 27.02 -0.40 -1.46 1060 37.58

BTO B2GOLD CORP. 5.28 -0.15 -2.76 3031 -14.56 BCE BCE INC. 31.42 0.63 2.05 5270 -4.03 BDGI BADGER INFRA 80.88 -7.39 -8.37 362 10.60 BMO BANK OF MONTR 246.81 -8.07 -3.17 4988 38.46 BNS BANK OF NOVA 121.14 -3.56 -2.85 2547 19.67 ABX BARRICK MININ 51.11 -0.74 -1.43 6331 -14.52 BHC BAUSCH HEALTH 6.56 0.16 2.50 713 -31.16 BTE BAYTEX ENERGY 5.87 0.21 3.71 3705 32.21 BIR BIRCHCLIFF EN 6.33 0.13 2.10 1125 -15.26 BDT BIRD CONSTRUC 63.86 -3.57 -5.29 407 123.91 BB BLACKBERRY LIM 11.02 -0.42 -3.67 3413 112.74 BEI-UN BOARDWALK 67.10 1.30 1.98 237 4.06 BBD-B BOMBARDIER 358.31 -11.15 -3.02 447 53.45 BLX BORALEX INC. 37.12 0.09 0.24 526 46.55 BYD BOYD GROUP SE 154.53 -4.94 -3.10 105 -29.32 BAM BROOKFIELD AS 66.53 -1.30 -1.92 1233 -7.47 BBUC BROOKFIELD B 44.87 0.10 0.22 61 -8.52 BN BROOKFIELD COR 58.60 -1.24 -2.07 3184 -7.01 BIP-UN BROOKFIELD 60.20 1.08 1.83 521 26.18 BEP-UN BROOKFIELD 44.43 -0.60 -1.33 312 19.79 DOO BRP INC 86.03 -2.14 -2.43 397 -11.35

CAR-UN CDN APARTM 35.39 0.46 1.32 441 -4.01 CNQ CDN NATURAL R 65.31 2.88 4.61 9354 40.48 GIB-A CGI INC 105.01 4.30 4.27 912 -17.17 CRT-UN CT REAL ES 18.75 -0.06 -0.32 132 15.24 CAE CAE INC 36.89 -0.31 -0.83 648 -11.62 CCO CAMECO CORP 118.83 -3.84 -3.13 1039 -5.45 CM CANADIAN IMPER 163.59 -5.45 -3.22 2273 31.47 CNR CANADIAN NATI 182.57 -0.34 -0.19 1713 34.49 CP CANADIAN PACIF 128.36 -1.07 -0.83 1190 27.03 CTC-A CANADIAN TI 206.77 0.40 0.19 202 18.87 CU CANADIAN UTILI 54.94 0.21 0.38 584 28.57 CPX CAPITAL POWER 66.00 -2.17 -3.18 1478 12.72 CS CAPSTONE COPPE 12.80 -0.31 -2.36 3803 -7.11 CJT CARGOJET INC. 85.58 -0.53 -0.62 40 1.95 CCL-B CCL INDUSTR 93.97 -0.66 -0.70 375 8.39 CLS CELESTICA INC 461.40 -30.74 -6.25 498 13.64

ETFS STOCKS $1 OR MORE

BANK EVOLVE CDN B 11.72 -0.40 -3.30 1610 20.95 CNDD BETAPRO SP T 11.01 0.27 2.51 589 -23.11 DLR-U GLOBAL X US 10.12 0.01 0.10 770 -0.20 DLR GLOBAL X US D 14.21 -0.06 -0.42 1371 2.08 GDXU BETAPRO CDN 23.66 -0.57 -2.35 712 -36.11 HDIV HAMILTON ENH 23.04 -0.45 -1.92 611 10.88 HHIS HARVEST DIVE 10.45 -0.31 -2.88 1807 -14.62 HMAX HAMILTON CDN 18.11 -0.29 -1.58 804 11.86 HNU BETAPRO NAT G 7.69 0.19 2.53 1955 -52.82 HOD BETAPRO CRUDE 25.61 -3.95 -13.36 940 -82.31 HOU BETAPRO CRUDE 20.17 2.41 13.57 1884 129.99 QQU BETAPRO NASDA 32.75 -1.35 -3.96 1114 8.73

COMMODITIES

TSX VOLUME TOP 20 FOR STOCKS $1 OR MORE

T TELUS CORPORATI 15.65 0.59 3.92 11546 -13.49 CNQ CDN NATURAL R 65.31 2.88 4.61 9354 40.48 AAUC ALLIED GOLD 24.00 -5.50 -18.64 8140 -23.69 KEEL KEEL INFRAST 4.45 -0.82 -15.56 7631 48.33 MFC MANULIFE FIN 61.75 -1.20 -1.91 7490 23.90 ENB ENBRIDGE INC 77.56 -0.47 -0.60 6776 18.09 ABX BARRICK MININ 51.11 -0.74 -1.43 6331 -14.52 RY ROYAL BANK OF 290.34 -9.06 -3.03 5995 24.08 EQX EQUINOX GOLD 12.57 -0.32 -2.48 5718 -34.84 K KINROSS GOLD CO 32.71 -0.50 -1.51 5539 -15.39 BCE BCE INC. 31.42 0.63 2.05 5270 -4.03 SU SUNCOR ENERGY 92.56 2.32 2.57 5079 51.94 CVE CENOVUS ENERG 40.83 1.77 4.53 5059 75.84 OM OSISKO METALS 1.46 -0.14 -8.75 5009 92.11 BMO BANK OF MONTR 246.81 -8.07 -3.17 4988 38.46 TD TORONTO-DOMINI 164.52 -5.45 -3.21 4859 27.18 XIU ISHARES SP TS 52.91 -0.66 -1.23 4688 12.60 IVN IVANHOE MINES 10.59 -0.09 -0.84 4666 -32.16 WCP WHITECAP RESO 16.02 0.42 2.69 4515 39.30 FM FIRST QUANTUM 37.97 0.46 1.23 4102 3.18

CVE CENOVUS ENERG 40.83 1.77 4.53 5059 75.84 CG CENTERRA GOLD 23.95 1.25 5.51 1005 21.20 CEU CES ENERGY SO 16.25 -0.85 -4.97 731 32.44 CSH-UN CHARTWELL 23.02 -0.18 -0.78 213 14.53 CHP-UN CHOICE PRO 15.94 -0.18 -1.12 3078 7.63 CCA COGECO COMMUN 61.76 0.35 0.57 208 -7.09 CIGI COLLIERS INT 142.07 -4.64 -3.16 136 -29.58 CSU CONSTELLATION 3116.72 96.42 3.19 105 -5.59 CRR-UN CROMBIE RE 17.62 -0.10 -0.56 94 15.39 CURA CURALEAF HOL 11.76 -0.36 -2.97 210 14.96

TSX LOSERS TOP 20 FOR STOCKS $1 OR MORE

MUU SAVVYLONG 2X 9.62 -2.29 -19.23 601 -57.24 AAUC ALLIED GOLD 24.00 -5.50 -18.64 8140 -23.69 TELY TELYRX HOLDI 2.30 -0.50 -17.86 50 -34.29 VRT VERTIV CDR (C 16.70 -3.45 -17.12 389 -33.94 SOXU MEGALONG 3X 27.85 -5.48 -16.44 208 110.27 KEEL KEEL INFRAST 4.45 -0.82 -15.56 7631 48.33 OILD SAVVYSHORT G 2.29 -0.41 -15.19 22 -86.30 HBGD-U GLOBAL X B 42.87 -7.64 -15.13 32.48 HOD BETAPRO CRUDE 25.61 -3.95 -13.36 940 -82.31 HUT HUT 8 CORP 123.93 -18.53 -13.01 711 96.34 PLTU SAVVYLONG 2X 16.71 -2.45 -12.79 -29.73 HIVE HIVE DIGITAL 3.55 -0.48 -11.91 2982 0.28 AMDU SAVVYLONG 2X 13.97 -1.88 -11.86 17 -35.32 KLAC KLA CDR (CAD 23.00 -2.88 -11.13 49 -3.89 AII ALMONTY INDUS 15.37 -1.85 -10.74 2471 27.34 SOFY HARVEST SOFI 4.49 -0.51 -10.20 231 -55.23 FAR FORACO INTERN 2.20 -0.24 -9.84 111 -8.33 MU MICRON CDR (CA 32.57 -3.48 -9.65 3311 155.29 SMCI SUPERMICRO C 8.32 -0.88 -9.57 418 -13.51 BNKU MEGALONG 3X 89.15 -9.41 -9.55 27 98.11

DFY DEFINITY FINA 79.21 -1.59 -1.97 291 4.32 DML DENISON MINES 3.79 -0.11 -2.82 3589 4.12 DSG DESCARTES SYS 109.65 3.03 2.84 439 -8.94 DSV DISCOVERY MIN 8.57 -0.06 -0.70 2781 2.27 DOL DOLLARAMA INC 189.42 -1.20 -0.63 749 -7.66 DPM DPM METALS IN 49.30 -0.70 -1.40 1213 16.22 DIR-UN DREAM INDU 14.61 -0.14 -0.95 478 16.14

EQB EQB INC 140.47 -3.00 -2.09 90 35.21 ELD ELDORADO GOLD 44.91 -0.52 -1.14 464 -8.96 EFN ELEMENT FLEET 31.99 -0.21 -0.65 785 -11.26 EMA EMERA INCORPO 76.02 -0.79 -1.03 2052 12.39 EMP-A EMPIRE COMP 52.50 1.00 1.94 391 10.02 ENB ENBRIDGE INC 77.56 -0.47 -0.60 6776 18.09 EDR ENDEAVOUR SIL 10.63 -0.31 -2.83 994 -17.66 EFX ENERFLEX LTD 29.74 -0.91 -2.97 1130 40.55 EFR ENERGY FUELS 15.07 -0.90 -5.64 989 -24.20 EQX EQUINOX GOLD 12.57 -0.32 -2.48 5718 -34.84 ERO ERO COPPER CO 35.48 -0.69 -1.91 278 -8.63 EIF EXCHANGE INCO 124.57 -2.98 -2.34 219 51.99 EXE EXTENDICARE I 36.70 -1.70 -4.43 557 71.90

FFH FAIRFAX FINAN 2410.93 -37.80 -1.54 87 -7.84 FTT FINNING INTL 90.98 -5.63 -5.83 835 22.33 FCR-UN FIRST CAPI 22.86 -0.15 -0.65 483 20.95 AG FIRST MAJESTIC 21.41 -0.72 -3.25 2834 -6.51 FM FIRST QUANTUM 37.97 0.46 1.23 4102 3.18 FSV FIRSTSERVICE 199.97 -1.62 -0.80 190 -6.32 FTS FORTIS INC 81.02 -1.37 -1.66 2088 13.54 FVI FORTUNA MININ 11.75 -0.12 -1.01 577 -12.64 FNV FRANCO-NEVADA 301.44 4.00 1.34 475 5.95 FRU FREEHOLD ROYA 16.82 0.36 2.19 747 10.73

GMIN G MINING VEN 40.92 -1.18 -2.80 1298 -1.37 GFL GFL ENVIRONME 56.63 1.37 2.48 879 -3.95 GEI GIBSON ENERGY 32.48 0.37 1.15 1219 29.30 GIL GILDAN ACTIVE 71.83 -1.17 -1.60 769 -16.27 GRT-UN GRANITE RE 97.94 -0.61 -0.62 65 19.86 GWO GREAT-WEST LI 90.43 -1.47 -1.60 1810 33.59

HPS-A HAMMOND POW 234.04 -7.37 -3.05 133 46.75 HWX HEADWATER EXP 13.40 0.45 3.47 694 43.01 HR-UN HR REAL EST 11.15 -0.04 -0.36 398 8.99 HBM HUDBAY MINERA 30.90 0.14 0.46 2690 13.39 H HYDRO ONE LIMIT 58.71 -0.83 -1.39 1248 7.45

IAU I 80 GOLD COR 1.79 -0.04 -2.19 678 -11.39 IAG IA FINANCIAL 203.56 -4.33 -2.08 381 14.47 IMG IAMGOLD CORP 19.58 -0.55 -2.73 1410 -13.55 IGM IGM FINANCIAL 81.93 -2.79 -3.29 266 32.55 IMO IMPERIAL OIL 180.96 3.38 1.90 886 52.61 IFC INTACT FINANC 284.80 -20.20 -6.62 862 -0.33 IPCO INTERNATIONA 30.58 0.93 3.14 418 23.16

RING GLOBAL X EQL 16.89 0.29 1.75 743 -7.81 SQQQ BETAPRO -3X 9.63 0.55 6.06 875 -26.71 TQQQ BETAPRO 3X N 29.43 -1.83 -5.85 781 7.49 UMAX HAMILTON UTI 13.78 0.02 0.15 726 4.63 VEQT VANGUARD ALL 59.91 -0.95 -1.56 908 11.54 XEG ISHARES SP TS 27.27 0.84 3.18 2418 41.88 XEQT ISHARES CORE 44.13 -0.69 -1.54 1190 10.63 XGD ISHARES S&P/T 45.75 -0.47 -1.02 585 -10.50 XIC ISHARES CORE 56.40 -0.79 -1.38 602 11.57 XIU ISHARES SP TS 52.91 -0.66 -1.23 4688 12.60 ZEB BMO EQUAL WEI 75.01 -2.49 -3.21 1860 28.66 ZWB BMO COVERED C 30.76 -1.00 -3.15 615 22.50

TSX 52-WEEK HIGHS STOCKS $1 OR MORE

ABBV ABBVIE CDR ( 36.71 -0.17 -0.46 7 13.30 ABNB AIRBNB CDR ( 25.51 0.21 0.83 1 11.30 ALZ ALLIANZ CDR ( 32.08 -0.03 -0.09 11 9.26 ADW-B ANDREW PELL 11.99 0.02 0.17 83.61 AAPL APPLE CDR (C 47.70 -0.24 -0.50 128 22.78 LCS BROMPTON LIFE 12.50 -0.29 -2.27 13 26.58 BN-PF-C BROOKFIEL 21.90 -0.02 -0.09 2 3.11 BIP-PR-E BROOKFIE 26.40 0.18 0.69 3 1.62 BIP-UN BROOKFIELD 60.20 1.08 1.83 521 26.18 CTC-A CANADIAN TI 206.77 0.40 0.19 202 18.87 COLA COCA-COLA CD 31.07 0.18 0.58 3 25.54 CSW-A CORBY SPIRI 16.80 0.83 5.20 81 13.51 CIU-PR-C CU INC P 21.40 0.60 2.88 1 20.70 DFN DIVIDEND 15 S 9.56 -0.10 -1.04 458 27.98 DGS DIVIDEND GROW 8.87 -0.03 -0.34 166 13.86 DS DIVIDEND SELEC 8.41 0.06 0.72 5 13.50 EMA-PR-L EMERA IN 21.78 0.26 1.21 5.93 ENB-PR-V ENBRIDGE 25.94 0.62 2.45 4 5.83 XTC EXCO TECH 8.25 0.24 3.00 29 20.09 GEI GIBSON ENERGY 32.48 0.37 1.15 1219 29.30

TSX 52-WEEK LOWS STOCKS $1 OR MORE

AMAP AMAPA MINERA 1.14 -0.01 -0.87 343 3.64 BOIL BEYOND OIL L 2.10 -0.07 -3.23 145 -28.33 PAYU BROMPTON US 23.92 -0.56 -2.29 -4.40 PAYI BROMPTON UTI 23.58 -0.60 -2.48 4 -6.02 BEPC BROOKFIELD R 45.10 -0.83 -1.81 297 -14.34 CADY CADILLAC MIN 7.03 -0.02 -0.28 393 -0.71 CAPQ CAPITAL GROU 24.56 -0.24 -0.97 -0.93 CAPN CAPITAL GROU 24.87 -0.08 -0.32 -0.52 CRWV COREWEAVE CD 11.57 -1.18 -9.25 179 -52.70 DAGL DESJARDINS G 20.07 -0.12 -0.59 -0.15 ECO ECOSYNTHETIX 2.45 -0.10 -3.92 33 -38.75 GEO GEODRILL LIMI 2.43 -0.04 -1.62 -41.30 GIAI GUARDIAN I3 18.61 -0.77 -3.97 31 HHII HARVEST INTE 10.99 -0.24 -2.14 44 -5.91 HRMS HERMES CDR ( 17.12 -1.47 -7.91 1 -29.40 KLAC KLA CDR (CAD 23.00 -2.88 -11.13 49 -3.89 LRCX LAM RESEARCH 22.16 -1.47 -6.22 51 -12.38 PBY LYSANDER-CANS 16.18 0.01 0.06 1 MRG-UN MORGUARD N 16.19 -0.46 -2.76 70 -6.79 PCA PHOENIX METAL 1.10 -0.08 -6.78 51 -12.00

IIP-UN INTERRENT 13.54 0.01 0.07 647 2.65 IVN IVANHOE MINES 10.59 -0.09 -0.84 4666 -32.16

JWEL JAMIESON WEL 42.04 -0.70 -1.64 71 24.93

KNT K92 MINING IN 22.64 0.08 0.35 948 -0.22 KEL KELT EXPLORAT 9.69 0.27 2.87 525 26.34 KEY KEYERA CORP 60.35 1.04 1.75 1962 37.16 KMP-UN KILLAM APA 18.92 0.11 0.58 200 15.37 KXS KINAXIS INC 170.67 3.93 2.36 157 -1.39 K KINROSS GOLD CO 32.71 -0.50 -1.51 5539 -15.39

LIF LABRADOR IRON 26.64 0.72 2.78 211 -10.81 LB LAURENTIAN BAN 40.25 -0.04 -0.10 187 -0.12 LSPD LIGHTSPEED C 15.47 0.38 2.52 1400 -6.58 LNR LINAMAR CORP 104.18 -0.85 -0.81 119 25.58 LAC LITHIUM AMERI 3.82 -0.08 -2.05 764 -36.01 L LOBLAW CO 66.03 -0.10 -0.15 1011 6.41 LUG LUNDIN GOLD I 82.54 1.44 1.78 508 -27.61 LUN LUNDIN MINING 34.54 -0.18 -0.52 1664 17.08

MG MAGNA INTERNAT 97.14 -0.21 -0.22 1300 32.76 MFC MANULIFE FIN 61.75 -1.20 -1.91 7490 23.90 MFI MAPLE LEAF FO 29.32 0.13 0.45 192 17.61 MDA MDA SPACE LTD 40.43 -1.83 -4.33 993 51.76 MX METHANEX CORP 76.77 1.56 2.07 552 41.02 MRU METRO INC 95.36 0.54 0.57 323 -3.47 MAU MONTAGE GOLD 16.07 -0.42 -2.55 623 62.65 MTL MULLEN GROUP 27.85 -0.47 -1.66 374 76.94

NA NATIONAL BANK 223.08 -7.91 -3.42 1566 29.24 NXE NEXGEN ENERGY 12.53 -0.41 -3.17 2952 -0.79 NFI NFI GROUP INC 25.32 -0.70 -2.69 249 63.14 NGEX NGEX MINERAL 25.22 -0.31 -1.21 140 -1.48 NPI NORTHLAND POW 21.48 -0.24 -1.10 910 20.34 NG NOVAGOLD RES I 8.12 -0.10 -1.22 578 -36.56 NTR NUTRIEN LTD 99.18 1.18 1.20 1353 17.07

OR OR ROYALTIES I 41.50 -0.01 -0.02 330 -14.64 OGC OCEANAGOLD CO 34.07 0.02 0.06 1070 -12.42 ONEX ONEX CORPORA 107.92 -2.38 -2.16 119 -4.46 OTEX OPEN TEXT CO 36.38 1.41 4.03 1062 -18.61 OLA ORLA MINING L 12.56 -0.34 -2.64 1765 -31.96

PAAS PAN AMERICAN 59.80 -1.23 -2.02 664 -15.96 POU PARAMOUNT RES 29.46 0.70 2.43 188 21.79 PXT PAREX RESOURC 23.29 0.88 3.93 710 26.23 PPL PEMBINA PIPEL 70.86 0.43 0.61 1623 35.51 PPTA PERPETUA RES 24.27 -0.31 -1.26 108 -26.96 PEY PEYTO EXPLORA 25.84 0.69 2.74 626 13.78 POW POWER CORPORA 90.92 -2.64 -2.82 1492 24.63 PSK PRAIRIESKY RO 34.86 0.61 1.78 498 28.97 PBH PREMIUM BRAND 94.28 2.11 2.29 231 -7.31 PMZ-UN PRIMARIS R 23.08 -0.12 -0.52 289 48.04

QBR-B QUEBECOR IN 65.22 -0.59 -0.90 1403 26.15

RBA RB GLOBAL INC 161.89 -2.67 -1.62 220 14.56 QSR RESTAURANT BR 106.23 0.63 0.60 521 13.42 RCH RICHELIEU HAR 35.45 -0.43 -1.20 73 -10.39 REI-UN RIOCAN REA 22.55 -0.15 -0.66 704 20.59 RCI-B ROGERS COMM 48.96 -0.11 -0.22 2027 -5.50 RY ROYAL BANK OF 290.34 -9.06 -3.03 5995 24.08 RUS RUSSEL METALS 67.23 -1.45 -2.11 437 53.49

BONDS CANADA

TERM YIELD CHG

2-YEAR 2.86 0.01 5-YEAR 3.21 0.04 10-YEAR 3.60 0.07 30-YEAR 4.00 0.09

RATES RATE CHG

BOFC OVERNIGHT TARGET 2.25 UNCH CANADIAN PRIME 4.45 UNCH Source: wires

PWRS QUANTA SERVI 21.14 -1.16 -5.20 3 -26.70 REAL REAL MATTERS 4.93 -0.06 -1.20 17 -15.00 SNDK SANDISK CDR 24.75 -2.00 -7.48 1209 -23.52 AMDU SAVVYLONG 2X 13.97 -1.88 -11.86 17 -35.32 MUU SAVVYLONG 2X 9.62 -2.29 -19.23 601 -57.24 TSLU SAVVYLONG 2X 10.42 -0.69 -6.21 22 -62.98 TELY TELYRX HOLDI 2.30 -0.50 -17.86 50 -34.29 TSLA TESLA CDR (C 25.95 -0.75 -2.81 612 -34.59 TLRY TILRAY BRAND 5.54 -0.14 -2.46 1088 -55.36 VRT VERTIV CDR (C 16.70 -3.45 -17.12 389 -33.94

SAP SAPUTO INC. 41.59 0.01 0.02 942 0.68 SEA SEABRIDGE GOL 35.43 0.06 0.17 91 -12.93 SES SECURE WASTE 23.70 0.43 1.85 1128 37.23 SHOP SHOPIFY INC 181.73 -2.19 -1.19 1656 -17.77 SIA SIENNA SENIOR 23.17 -0.14 -0.60 163 13.41 SVM SILVERCORP ME 12.83 -0.44 -3.32 462 11.76 SKE SKEENA RESOUR 36.03 -1.24 -3.33 319 10.52 SRU-UN SMARTCENTR 29.95 -0.12 -0.40 322 16.31 SOBO SOUTH BOW CO 52.54 0.05 0.10 597 39.18 SXGC SOUTHERN CRO 9.21 0.04 0.44 317 -13.03 SDE SPARTAN DELTA 11.33 0.18 1.61 356 56.28 SII SPROTT INC. 146.10 -3.07 -2.06 70 8.67 SSRM SSR MINING I 35.17 -0.70 -1.95 293 16.88 STN STANTEC INC 100.73 -0.68 -0.67 518 -22.23 SJ STELLA JONES I 77.53 -1.78 -2.24 93 -8.93 SCR STRATHCONA RE 41.97 2.14 5.37 891 48.15 SLF SUN LIFE FINA 115.72 -2.97 -2.50 1721 35.06 SU SUNCOR ENERGY 92.56 2.32 2.57 5079 51.94 SPB SUPERIOR PLUS 8.06 0.03 0.37 454 14.49

TRP TC ENERGY COR 94.61 -0.84 -0.88 2695 25.18 X TMX GROUP LIMIT 51.75 -0.32 -0.61 894 -0.92 TVE TAMARACK VALL 13.33 0.43 3.33 1575 67.04 TECK-B TECK RESOU 80.87 -1.90 -2.30 1030 23.07 T TELUS CORPORATI 15.65 0.59 3.92 11546 -13.49 TVK TERRAVEST IND 121.14 1.29 1.08 61 -26.36 TFII TFI INTERNAT 198.27 -10.73 -5.13 367 39.75 NWC THE NORTH WES 51.92 0.45 0.87 81 6.15 TRI THOMSON REUTE 149.35 3.80 2.61 1150 -17.55 TPZ TOPAZ ENERGY 32.30 0.75 2.38 591 17.28 TXG TOREX GOLD RE 54.88 0.69 1.27 639 -16.26 TIH TOROMONT IND 206.81 -2.42 -1.16 625 24.55 TD TORONTO-DOMINI 164.52 -5.45 -3.21 4859 27.18 TOU TOURMALINE OI 64.46 1.50 2.38 2014 4.69 TA TRANSALTA CORP 17.52 -0.47 -2.61 2455 0.92 TKO TREKOR METALS 9.45 -0.26 -2.68 1073 21.62 TFPM TRIPLE FLAG 40.31 0.02 0.05 222 -11.62 TSU TRISURA GROUP 43.09 -1.31 -2.95 44 0.87

VET VERMILION ENE 15.27 0.65 4.45 1327 33.71 VZLA VIZSLA SILVE 4.39 -0.09 -2.01 567 -41.62

WSP WSP GLOBAL IN 170.59 -4.18 -2.39 880 -31.36 WCN WASTE CONNECT 243.24 4.50 1.88 737 1.05 WDO WESDOME GOLD 26.24 -0.16 -0.61 388 15.39 WFG WEST FRASER T 93.59 -1.37 -1.44 136 11.46 WN WESTON GEORGE 105.87 -1.37 -1.28 259 11.81 WPM WHEATON PRECI 153.93 -0.64 -0.41 634 -4.60 WCP WHITECAP RESO 16.02 0.42 2.69 4515 39.30

CURRENCIES FOREIGN EXCHANGE CROSS RATES

CAD USD AUD EUR GBP JPY CHF

CAD

0.7119 1.0237 0.6211 0.5328 116.34 0.5798 USD 1.4047 - 1.4380 0.8724 0.7483 163.41 0.8143 AUD 0.9768 0.6954 - 0.6066 0.5204 113.62 0.5665 EUR 1.6098 1.1462 1.6482 - 0.8576 187.29 0.9335 GBP 1.8754 1.3363 1.9218 1.1658 - 218.38 1.0882 JPY 0.0086 0.0061 0.0088 0.0053 0.0046 - 0.0050 CHF 1.7251 1.2277 1.7649 1.0713 0.9190 200.61 -

Page 27

THURSDAY, JULY 30, 2026 THE GLOBE AND MAIL O B11 SPORTS

T

Blue Jays outfielder Daulton Varsho makes a leaping catch at the wall on a hit by Washington’s Brady House during the first inning at Nationals Park on Wednesday in Washington. The Blue Jays won, 5-2, to win the series two games to one B13

FIFA’s Infantino sets deadline for

members to accept Kushner-backed World Cup investor plan

GRAHAM DUNBAR GENEVA, SWITZERLAND

FIFA president Gianni Infantino set a Sept. 19 deadlineonWednesdayforthe211memberfed- erations to accept one-off US$20-million offers as part of a project to sell stakes in the World Cup to private investors. The US$20-billion FIFA subsidiary, bank- rolled by the brother of Jared Kushner, was blasted by international soccer organizations. Europe’s soccer body UEFA aims to call its 55 member federations to an emergency online meeting, likely on Thursday. The organization said “there is significant and growing opposi- tion to FIFA’s scheme.” The effort is being bankrolled by Joshua Kushner, the brother of Jared Kushner, U.S. President Donald Trump’s son-in-law. The effort also marks Infantino’s latest at- tempt to align with those in the orbit of Trump: by creating the FIFA peace prize, letting Trump intervene in a process that led to United States forward Folarin Balogun playing at the World Cup,andnowtryingtolockinJoshuaKushner’s investment firm to a 12-year ownership deal with the Switzerland-based not-for-profit soc- cer body. Infantino set out the “singular and unique funding opportunity” in a letter detailing why he wants to create the US$20-billion FIFA sub- sidiary – 20 per cent owned by private investors –thatwouldrunthesoccerbody’scompetitions and events like World Cups and Club World Cups. “ItismydutyandresponsibilityasFIFApresi- dent to present such game-changing opportu- nities to you, our members,” Infantino wrote in the letter seen by The Associated Press. The effort elevates the status of Joshua Kushner, who has long been connected finan- cially to his brother Jared. When Joshua Kushner founded a venture capital firm rather than follow into the family’s real estate business, his elder brother was an early investor and a board member. The broth- ers are reportedly close, and their father, Char- lesKushner,receivedapardonfromTrumpand now serves as the U.S. Ambassador to France. But the younger Kushner has a history of six- figure donations to Democrats and his wife, the model and entrepreneur Karlie Kloss, attended lastmonth’sopeningoftheObamapresidential library and told Bloomberg earlier this year

[ BLUE JAYS VS. NATIONALS ]

Taking flight

SCOTT TAETSCH/GETTY IMAGES

she’s never met Donald Trump. The proposal revealed Tuesday and backed by Joshua Kushner’s investment firm Thrive CapitalwasmetwithimmediatefurybyInfanti- no’s former colleagues at UEFA, which said the World Cup “is not FIFA’s to sell.” One option open to European soccer is to threaten a boycott of FIFA competitions – a tac- tic used in 2021 when UEFA-led opposition helped stop Infantino’s plan to play the World Cup every two years instead of four. FIFA’s private equity plan is the latest ambi- tious project proposed during Infantino’s 11- year presidency in which he has increasingly seemed to be an executive leader acting with- out consulting with soccer’s major stakehold- ers.PreviousplansincludecreatingaFIFAPeace Prize – awarded to Trump in December at the World Cup draw – and trying to push through a secretive US$25-billion private equity plan in 2018 to create new and bigger men’s competi- tions. That was resisted by UEFA. Concerns about the latest and previously se- cret plan were aired Wednesday by the conti- nental soccer bodies for Asia and the North American region known as CONCACAF. “We are deeply concerned by the lack of due process,” CONCACAF said in a statement. The Kuala Lumpur-based Asian Football Confederation said it was “disappointed that a matter of such significance entered the public domain before the AFC family had been afford- ed the opportunity to examine and discuss it.” Continental bodies that organize their own international club and national-team competi- tions – such as the Champions League, Europe- an Championship and Copa America – likely will see threats to those events from FIFA want- ing to increase revenue and value for investors by playing World Cups and Club World Cups for menandwomenmoreoften,alongwithadding more teams. The influential, 850-member European Foot- ball Clubs group – which has a joint venture with UEFA to manage the Champions League – said it “learned about this proposal in the same wayasmostglobalfootballstakeholders–with- out warning and through the media.” Inviting in private investors could also, sports governance academic Antoine Duval suggested Wednesday “incentivize FIFA to fur- thercommodifytheWorldCup[thinkmorehy- dration breaks and dynamic pricing] in a drive to increase its revenue.”

A new league marks

another major moment in a scattered history for women’s pro baseball

JAY COHEN CHICAGO

he United States’ first wom- en’s professional baseball league in nearly 30 years is about to embark on its inaugural season in what marks a major milestone in the scattered history of the sport in the country. The Women’s Pro Baseball League is also part of a timeline that goes back to the very begin- ning of the sport. “Women have always been part of this game,” said Kat Wil- liams, the chief executive officer of the International Women’s Baseball Center. “We’ve always played, we’ve always umpired, we’ve always coached. And in some of the earliest references in the 17th century, the earliest ref- erences to something like a game of baseball, it was women that were playing it.” Next up is the WPBL, which plays its first game Saturday. The leaguehasfourteams–NewYork,

Boston, Los Angeles and San Francisco – for its first year, but the 15 regular-season games for each club and the playoffs will be held at Robin Roberts Stadium in Springfield, Ill. The ballpark has a seating capacity of 5,200, and Springfield hosted one of the ear- liest paid women’s games when the Blondes faced the Brunettes on Sept. 11, 1875. Kelsie Whitmore, Mo’ne Davis and Ayami Sato are among the marquee names expected to play in the league’s first season. Each team will have 15 active players for the seven-inning games. “It’s amazing. It’s one of those kind of things that we always hoped would happen, but wasn’t sure that we would see it happen any time soon,” said Leslie Hea- phy, the president of the IWBC and the chair of the women in baseball committee for the Socie- ty for American Baseball Re- search. “And it’s fitting, it’s need- ed, and yeah, it’s exciting.”

WPBL, B13

Page 28

JULY 30

Sharks sign Celebrini to record contract,

making him NHL’s top paid player

Centre has signed a five-year

contract extension worth $18.8-million a season

The San Jose Sharks made Macklin Celeb- rini the NHL’s highest-paid player Wednesday, signing the star centre to a five-year contract extension worth US$18.8-million a season. The 20-year-old from North Vancouver, B.C., surpassed the US$18-million average annual value in Leo Carlsson’s five-year contract with the Anaheim Ducks – from a signed offer sheet with the Philadelphia Flyers – earlier this month. He had one year remaining on his three-year, US$2.925-million entry-level contract before signing the deal that keeps him locked up with the Sharks through the 2031-32 season. Celebrini finished fourth in NHL scor- ing last season with 115 points – 45 goals and 70 assists – helping the Sharks post one of the biggest single-season improve- ments in franchise history. The 6-foot, 190-pound forward led San Jose in nearly every offensive category, factoring into 46.2 per cent of the team’s goals as the upstart Sharks finished four points outside the playoff picture. Celebrini finished 56 points ahead of the team’s next-closest scorer, Will Smith, marking the widest gap between the top two scorers on an NHL team since 1990- 91. “I couldn’t be happier to sign an exten- sion today,” Celebrini said in a statement. “The faith and support that [owner Has- so] Plattner, Mike Grier and the entire staff have shown me throughout the past two seasons is proof that we are building something special here. “My teammates and I are ready to take another step toward the ultimate goal of bringing a Stanley Cup to this city and its incredible fans. I can’t wait to get going.” Celebrini also became just the second teenager in NHL history, after Wayne Gretzky, to record at least 40 goals and 70

MLB

AMERICAN LEAGUE NATIONAL LEAGUE

EAST DIVISION W L Pct GB Tampa Bay 62 44 .585 — New York 61 46 .570 11/2 Boston 55 51 .519 7 Baltimore 53 56 .486 101/2 Toronto 50 59 .459 131/2 CENTRAL DIVISION Chicago 55 51 .519 — Cleveland 55 54 .505 11/2 Minnesota 54 54 .500 2 Detroit 51 58 .468 51/2 Kansas City 45 63 .417 11 WEST DIVISION Texas 55 52 .514 — Houston 54 55 .495 2 Seattle 53 55 .491 21/2 Athletics 45 62 .421 10 Los Angeles 42 66 .389 131/2

EAST DIVISION

Wednesday Baltimore 10, Detroit 9, 12 innings Texas at Tampa Bay Kansas City at Minnesota N.Y. Yankees at Chicago White Sox Houston at L.A. Angels Boston at Athletics

Tuesday Detroit 14, Baltimore 0 Texas 4, Tampa Bay 1 Minnesota 3, Kansas City 2 N.Y. Yankees 3, Chicago White Sox 2 Athletics 4, Boston 3 Houston 3, L.A. Angels 2

Thursday All Times Eastern Texas (Eovaldi 10-8) at Tampa Bay (McClanahan 9-6), 12:10 p.m. Kansas City (Cameron 5-8) at Minnesota (Ober 7-3), 1:40 p.m. N.Y. Yankees (Weathers 4-7) at Chicago White Sox (Burke 7-5), 2:10 p.m. Boston (Gray 12-2) at Athletics (TBD), 9:40 p.m.

INTERLEAGUE

Wednesday Toronto 5, Washington 2 Cleveland at Cincinnati Seattle at L.A. Dodgers

Tuesday Washington 8, Toronto 6 Cleveland 6, Cincinnati 5, 1st game Cincinnati 2, Cleveland 0, 2nd game Seattle 7, L.A. Dodgers 6

Thursday All Times Eastern Seattle (Miller 4-5) at L.A. Dodgers (Sa- saki 4-5), 10:10 p.m.

AMERICAN LEAGUE LEADERS

Home Runs Alvarez, Houston, 35; Rice, New York, 31; Caminero, Tampa Bay, 29; Buxton, Minnesota, 25; C.Montgomery, Chicago, 24; Okamoto, Toronto, 24; Langeliers, Athletics, 23; 5 tied at 22.

CORNERED

OFF THE MARK

SPEED BUMP

BIZARRO

San Jose Sharks centre Macklin Celebrini had 45 goals and 70 assists to finish fourth in NHL scoring last season with 115 points. Celebrini, who was the first overall pick in the 2024 NHL draft, played for Canada at the Winter Olympics. BRUCE BENNETT/GETTY IMAGES

assists in a season. He finished fourth in voting for the Hart Trophy as league MVP. The first overall pick in the 2024 NHL draft has 178 points (70 goals, 108 assists) in 152 career games over two NHL seasons. Celebrini also represented Canada at the 2026 Milan Cortina Winter Olympics, finishing as the tournament’s top goal- scorer en route to a silver medal. He then captained the nation at the world cham- pionship last spring, earning IIHF male player of the year honours.

EAST DIVISION W L Pct GB Atlanta 62 45 .579 — Philadelphia 57 52 .523 6 Miami 55 54 .505 8 Washington 55 54 .505 8 New York 46 62 .426 161/2 CENTRAL DIVISION Milwaukee 67 41 .620 — Chicago 61 46 .570 51/2 Pittsburgh 55 54 .505 121/2 St. Louis 53 54 .495 131/2 Cincinnati 50 56 .472 16 WEST DIVISION Los Angeles 67 40 .626 — Arizona 57 52 .523 11 San Diego 55 53 .509 121/2 San Francisco 46 62 .426 211/2 Colorado 42 67 .385 26

Wednesday Miami 8, Philadelphia 6 Arizona 3, Pittsburgh 0 N.Y. Mets 3, Atlanta 2, 1st game San Francisco 16, Milwaukee 3 Colorado at San Diego Atlanta at N.Y. Mets, 2nd game Chicago Cubs at St. Louis

Tuesday Miami 1, Philadelphia 0 Arizona 8, Pittsburgh 7, 12 innings Chicago Cubs 10, St. Louis 2 Milwaukee 8, San Francisco 2 San Diego 8, Colorado 7 Atlanta at N.Y. Mets, ppd.

Thursday All Times Eastern Chicago Cubs (Imanaga 7-8) at St. Louis (Pallante 11-6), 2:15 p.m. Miami (Perez 5-8) at N.Y. Mets (McLean 7- 7), 7:10 p.m. Pittsburgh (TBD) at Cincinnati (Lowder 3- 7), 7:10 p.m. Washington (Irvin 2-4) at Atlanta (Holmes 6-4), 7:15 p.m. San Francisco (Ray 9-6) at San Diego (TBD), 9:40 p.m. BASEBALL MLB: N.Y. Yankees vs. Chicago White Sox, SN Ontario, East, West, Pacific, 2 p.m. MLB: Miami vs. N.Y. Mets, SN Ontario, East, West, Pacific, 7 p.m. MLB: Seattle vs. L.A. Dodgers, SN On- tario, East, West, Pacific, 10 p.m.

CFL

GP W L PF PA Pt Montreal 7 6 1 239 204 12 Hamilton 7 3 4 167 190 6 Toronto 7 3 4 220 219 6 Ottawa 6 0 6 153 213 0 WEST DIVISION

GP W L PF PA Pt Edmonton 7 6 1 203 172 12 Saskatchewan 6 4 2 204 169 8 Winnipeg 7 4 3 185 208 8 Calgary 7 3 4 278 244 6 BritishColumbia 6 1 5 152 182 2 WEEK NINE Bye: Toronto Thursday — All Times Eastern British Columbia at Winnipeg, 8:30 p.m.

Friday Montreal at Ottawa, 7:30 p.m.

WTA TOUR

MUBADALA CITI DC OPEN

Wednesday At Washington DC, United States Purse: $2,488,125 Surface: Hardcourt outdoor MEN’S SINGLES — ROUND OF 32 Alex de Minaur (1), Australia, def. Stefanos Tsitsipas, Greece, 6-4, 3-6, 6-3.

SINGLES — ROUND OF 16 Lorenzo Musetti (4), Italy, def. Aleksandar Vukic, Australia, 6-3, 5-7, 6- 3. Taylor Fritz (3), United States, def. Kamil Majchrzak, Poland, 6-3, 6-4.

DOUBLES — ROUND OF 16 Ariel Behar, Uruguay, and Anirudh Chandrasekar, India, def. Francisco Cabral, Portugal, and James Tracy, United States, 3-6, 7-6 (2), 10-8. Fabien Reboul and Sadio Doumbia, France, def. Fernando Romboli, Brazil, and John-Patrick Smith, Australia, 6-3, 6-4.

WOMEN’S SINGLES — ROUND OF 16 Liudmila Samsonova, Russia, def. Wang Xinyu, China, 6-2, 6-2. Alexandra Eala, Philippines, def. Leylah Fernandez (7), Canada, 6-2, 7-6 (1). Elisabetta Cocciaretto, Italy, def. Emma Navarro (8), United States, 6-3, 4-6, 6-3.

DOUBLES — QUARTERFINALS Aldila Sutjiadi, Indonesia, and Erin Routliffe (2), New Zealand, def. Alana Smith and Clervie Ngounoue, United States, 6-3, 6-2. Zhang Shuai, China, and Janice Tjen (3), Indonesia, def. Miyu (1994) Kato, Japan, and Giuliana Olmos, Mexico, 4-6, 6-2, 10-0.

QUARTERFINALS

SPORTLIGHT

1870 — Monmouth Park opens with a five-day meet. 1930—HostUruguaybeatsArgentina4-2 forsoccer’sfirstWorldCupinMontevideo. 1932 — The 10th modern Olympic Games open in Los Angeles. 1961 — Jerry Barber edges Don Janu- ary by one stroke in a playoff to win the PGA title at Olympia Fields in Illinois. 1966 — England beats West Germany 4- 2 at London’s Wembley Stadium to cap- ture soccer’s World Cup. 1968 — Washington’s Ron Hansen pulls off an unassisted triple play in a 10-1 loss to Cleveland. 1971 — In the NFL Chicago All-Star Game, the Baltimore Colts beat the All- Stars 24-17. 1976 — Bruce Jenner sets the world record in the Olympic decathlon with 8,618 points, breaking Nikolai Avilov’s mark by 164 points.

“In just two seasons as a teenager in the National Hockey League and on the international stage, Macklin has establish- ed himself as one of the premier players in the world,” Sharks general manager Mike Grier said in a statement. “We are extremely excited to have him secured and committed as the centrepiece of a core of talented players in San Jose.” The Sharks boast a talented group of young players around Celebrini, including Smith, 2025 second overall pick Michael

MLS

EASTERN CONFERENCE

EASTERN CONFERENCE

GP W L T GF GA Pt Nashville 17 12 2 3 33 12 39 Miami 17 11 2 4 43 30 37 New England 16 9 5 2 26 19 29 Chicago 16 8 6 2 30 22 26 N.Y. City F.C. 17 7 6 4 30 23 25 Charlotte 17 7 6 4 28 25 25 Cincinnati 17 6 6 5 41 42 23 N.Y. Red Bulls 17 6 7 4 26 37 22 D.C. 17 5 5 7 24 27 22 Orlando 17 6 9 2 28 44 20 Columbus 17 5 8 4 24 26 19 Toronto 17 3 7 7 23 31 16 Montreal 17 4 10 3 22 33 15 Philadelphia 17 3 10 4 22 31 13 Atlanta 17 3 11 3 17 30 12 WESTERN CONFERENCE

WESTERN CONFERENCE

WESTERN CONFERENCE

GP W L T GF GA Pt Vancouver 16 10 3 3 37 16 33 San Jose 17 10 4 3 35 20 33 Los Angeles F.C.1810 5 3 34 18 33 Salt Lake 16 8 6 2 28 24 26 Houston 16 8 6 2 23 24 26 Dallas 17 7 5 5 32 25 26 St. Louis 17 7 6 4 23 23 25 Seattle 16 7 6 3 19 20 24 Minnesota 17 6 6 5 19 24 23 Portland 17 6 8 3 31 32 21 L.A. Galaxy 18 5 7 6 24 29 21 San Diego 17 5 7 5 31 28 20 Colorado 17 6 10 1 26 25 19 Austin 17 4 8 5 22 35 17 Kansas City 17 4 11 2 18 44 14 MLS ALL-STAR BREAK At Charlotte, N.C. Wednesday MLS All-Stars vs. LIGA MX All-Stars

Tuesday Skills Challenge

Friday — All Times Eastern Toronto at New York City F.C., 7:30 p.m.

TELEVISION THURSDAY(ALLTIMESEASTERN)

FOOTBALL CFL: BC Lions vs. Winnipeg, TSN 3, 4, 5, 9 p.m.

GOLF LPGA: AIG Women's Open, Golf Chan- nel, 4 a.m. PGA: Rocket Classic, Golf Channel, 3 p.m. PGA Korn Ferry: Utah Championship, Golf Channel, 6 p.m.

TENNIS ATP: Mubadala DC Open, TSN 2, 11 a.m., 4:30 p.m.

Misa and 2026 second overall pick Ivar Stenberg. San Jose also added several veterans over the off-season, acquiring defence- men Darnell Nurse and Michael Kesselr- ing in trades while signing defenceman Jacob Trouba and forward Mason March- ment in free agency. The Sharks haven’t made the playoffs since the 2018-19 season.

THE CANADIAN PRESS

NSL

GP W L T GF GA Pt Ottawa 13 10 2 1 30 15 31 Toronto 13 6 4 3 18 13 21 Montreal 13 7 3 3 24 13 24 Halifax 13 5 6 2 15 12 17 Vancouver 13 5 7 1 20 30 16 Calgary 13 0 11 2 9 33 2 Wednesday Montreal at Vancouver

Tuesday Toronto 1 Calgary 0

Saturday, Aug. 1 All TImes Eastern Toronto at Calgary, 4 p.m.

CPL

GP W L T GF GA Pt Hamilton 13 11 1 1 23 8 34 Calgary 14 9 2 3 25 8 30 Ottawa 14 6 5 3 22 25 21 Vancouver 14 6 6 2 21 15 20 Halifax 15 4 7 4 20 24 16 Quebec 13 4 7 2 19 25 14 Toronto 12 3 5 4 15 25 13 Victoria 13 0 10 3 15 30 3 Note: Three points awarded for a win, one for a tie. Wednesday-Thursday No Games Scheduled.

Tuesday Calgary 2 Quebec 1

Friday All Times Eastern Quebec at Victoria, 10 p.m.

CANADIAN CLUB SOCCER CHAMPIONSHIP

SECOND LEG Tuesday, Aug. 11 All Times Eastern Atletico Ottawa (CPL) at Supra du Que- bec (CPL), 7 p.m. (SupraduQuebecleadson3-2aggregate)

2026 COMMONWEALTH GAMES

MEDAL STANDINGS

At Glasgow, Scotland Through Wednesday’s events Nation G S B Tot Australia 47 21 35 103 England 12 27 17 56 Canada 14 11 14 39 Scotland 9 7 7 23 South Africa 6 8 8 22 India 3 9 3 15 Wales 2 5 8 15 Nigeria 7 5 2 14 New Zealand 3 7 4 14 Malaysia 6 2 3 11 Northern Ireland 1 2 4 7 Kenya 2 2 2 6

WNBA

W L Pct GB Indiana 18 10 .643 — Atlanta 16 10 .615 1 New York 16 12 .571 2 Washington 15 12 .556 21/2 Toronto 10 17 .370 71/2 Chicago 9 18 .333 81/2 Connecticut 7 21 .250 11

W L Pct GB Minnesota 23 6 .793 — Las Vegas 19 8 .704 3 Golden State 19 8 .704 3 Dallas 18 9 .667 4 Portland 11 17 .393 111/2 Los Angeles 10 17 .370 12 Phoenix 10 18 .357 121/2 Seattle 6 24 .200 171/2 Wednesday Atlanta at Dallas Golden State at Phoenix

Tuesday Washington 92, Connecticut 84 Minnesota 100, Toronto 93 Indiana 105, Seattle 95 Las Vegas 98, Portland 83 New York 113, Los Angeles 109

Thursday All Times Eastern Connecticut at Chicago, 8 p.m. Minnesota at Toronto, 8 p.m. New York at Las Vegas, 10 p.m.

WNBA SCORING LEADERS Through Games of Tuesday, July 28 GP FG FT Pts Avg A. Wilson, LV 25 231 166 654 26.2 K. Mitchell, Ind 28 228 123 657 23.5 C. Clark, Ind 24 160 131 515 21.5 B. Stewart, NY 27 193 167 577 21.4

CEBL EASTERN CONFERENCE

GP W L Pct GB x-Scarborough 22 18 4 .818 — Brampton 21 10 11 .476 71/2 Niagara 22 10 12 .455 8 Montreal 23 10 13 .434 81/2 Ottawa 22 9 13 .409 9

GP W L Pct GB x-Vancouver 23 14 9 .609 — x-Winnipeg 22 13 9 .591 1/2 x-Saskatoon 21 10 11 .476 3 x-Edmonton 22 9 13 .409 41/2 Calgary 22 7 15 .318 61/2 Wednesday Niagara at Saskatoon

Tuesday Montreal 87 Vancouver 82

Thursday All Times Eastern Montreal at Brampton, 7:30 p.m.

RESULTS AS OF WEDNESDAY, JULY 29, 9:30 P.M.

Page 29

Vancouver selects group led

by real estate developer as partner for MLB expansion bid

Group’s proposal centres on a new ballpark and mixed-use development, although no site has been announced

The City of Vancouver has selected a group led by Vancouver real estate developer ZackRossasitspreferredpartnertopursue a Major League Baseball expansion fran- chise. Ross, president of Vancouver real estate developer Cape Group, leads The Show Vancouver (TSV), a group formed to bring an MLB team to the city. Thegroup’sproposaliscentredonanew ballpark and mixed-use development, al- though no site has been announced. Nor has the group disclosed the estimated cost of the project, its projected economic im- pact or how the project would be financed. Ross said in a statement that Vancouver “is one of the great cities in the world, and we deserve a Major League Baseball team.” Mayor Ken Sim launched an expression- of-interest process this spring seeking a qualified ownership group with the finan- cial capacity and experience to advance an MLB bid.

Yesavage, Okamoto lead Blue Jays

to series-clinching win over Nationals

WASHINGTON

Trey Yesavage allowed one run in 62⁄3 in- nings, Kazuma Okamoto went 3-for-5 with two RBIs and two runs, and the Toronto Blue Jays defeated the Washington Nation- als 5-2 on Wednesday. The Blue Jays improved to 13-18-4 in se- ries play and completed their six-game road trip at 3-3. Yesavage (5-5) struck out four and walk- ed three. The 23-year-old rookie worked his third quality start in his past five games

FIFA CHARGES ARGENTINA OVER WORLD CUP FINAL SCUFFLE, ‘MALVINAS’ BANNER

FIFA

FIFA lodged disciplinary charges against two Argentina players Wednesday for striking Spain opponents moments after the World Cup final and charged Argenti- na’s soccer federation for players showing a political banner about the Falkland Islands after beating England in the semi-finals. A list of disciplinary cases opened by FIFA against Argentina also include “dis- criminatory chants and gestures” by fans, alleged assault by an assistant coach after the final and “throwing of objects by spectators in relation to several matches” at the World Cup.

WPBL: League is all over social media while looking to sell tickets and merchandise

FROM B11

FROM B11

Whilewomenhavebeenconnect- ed to baseball since the beginning of the game, the first professional women’s league was the All- American Girls Professional Base- ball League. Immortalized in the film A League of Their Own, it ran from 1943-54. The AAGPBL began during the Second World War as a softball league before converting to base- ball. Jean Faut, Doris Sams and Dottie Kamenshek were among the league’s best players. May- belle Blair, who pitched in the

MLB commissioner Rob Manfred told Sportsnet in October that another Cana- diancityintheleaguecouldwork,whenhe wasaskedaboutaddingateaminVancouv- er. The league has not announced plans to expand, although Manfred has previously said he hopes MLB will grow from 30 to 32 teams before his planned retirement in 2029. Thecitysaidcouncilhaddirectedstaffto enter a memorandum of understanding with The Show Vancouver to establish the collaboration framework, “including due diligence for potential ballpark sites.” “TSV will be responsible for all costs and financial risks associated with preparing and advancing its MLB bid,” the city said. It added that the city would collaborate with TSV as it explored a potential expan- sion bid, and any future project agree- ments, including site selection and land- use decisions, would be subject to council approval. BC Place Stadium hosted several Major League Baseball exhibition series between 1984 and 1994, featuring the Toronto Blue Jays, Seattle Mariners and Montreal Expos. However, a $500-million renovation completed in 2011, including a centre-hung

and lowered his ERA to 3.73. The Nats got on the board first thanks to Jacob Young’s RBI double in the fourth. Ernie Clement hit an RBI double in the sixth to drive in George Springer, and Daul- ton Varsho singled to bring Okamoto across in the seventh. Okamoto added insurance with a two- run double in the eighth, and Springer tacked on one more with a single. Washington threatened to take the lead after loading the bases with one out in the eighth, but Louis Varland entered and worked out of the jam.

Argentina midfielder Leandro Paredes faces three charges of assault in the postgame clashes after Spain’s 1-0 win on July 19, defender Nahuel Molina faces two charges and coach Roberto Ayala one. Molina and Thiago Almada also are charged with unsporting behaviour, with the same charge levelled against Spain player Gavi. Argentina’s players carried a banner with the slogan “Las Malvinas son Argen- tinas” – “The Malvinas are Argentine” – after beating England 2-1 in the semi- finals. Argentina refers to the Falkland Is-

AAGPBL in 1948, is on the WPBL’s advisory board. “It was never intended to last past 1945 when it first started, but the fact that it lasts through 1954 tells you something about the im- portance, I think,” said Heaphy, an associate professor at Kent State-Stark. “It tells you about the determi- nation of those involved, and I thinkittellsyoualotaboutthein- terest of the fans.” After the AAGPBL ceased oper- ations, it would be another 40 years–inthewakeoftheboxoffice success for A League of Their Own –

scoreboard and cable-supported retracta- bleroof,eliminatedthestadium’sabilityto host baseball. The Show Vancouver is partnering with BRS Sports, a sports marketing and analyt- ics company, whose principals include for- mer NHL executive Jac Sperling, sports venue consultant Tim Romani and Denver real estate executive Ray Baker. The group said it has retained ballpark architecture firm Populous, project man- agement firm CAA Icon and architecture anddesignfirmGenslertohelpdevelopthe proposal. The group’s announcement included endorsements from Greater Vancouver Board of Trade president Bridgitte Ander- son and former B.C. premier Mike Har- court. Vancouver is currently home to the Van- couver Canadians, the Blue Jays’ single-A affiliate, which plays at the 6,500-seat Nat Bailey Stadium. “MLB in Vancouver will showcase our city’s global character to the world,” said Ross. “But first and foremost, this is a com- munity asset, and we will always act as its steward.”

THE CANADIAN PRESS

Varland also threw a scoreless ninth for his 23rd save. For the Nats, James Wood was 2-for-3, and Luis García Jr. drove in a run in the eighth. Starter Luke Littell worked 42⁄3 in- nings and surrendered four hits while striking out two. Orlando Ribalta (0-2) took the loss in relief. The Blue Jays will have Thursday off be- fore hosting the Cardinals. RHP Kyle Leahy (7-4, 3.55 ERA) starts for St. Louis. Toronto has not announced a starter.

THE ASSOCIATED PRESS

THE ASSOCIATED PRESS

lands as Islas Malvinas. They were in- vaded in 1982 under orders from Argenti- na’s then-military dictatorship, triggering a 10-week war won by Britain. British government officials urged FIFA to investigate, and the soccer body said Wednesday the formal charge was “using a sports event for demonstrations of a non-sporting nature.” FIFA said all the people charged “have now been provided with the opportunity to present their position, following which a decision will be issued by the FIFA disciplinary committee in due course.” THE ASSOCIATED PRESS

before interest in professional women’s baseball resurfaced. From 1994-97, Hall of Fame pitcher Phil Niekro managed an all-female pro team, the Colorado Silver Bullets, that barnstormed thecountryfacingmen’samateur and semi-pro teams. The Ladies Professional Baseball League played in 1997 and part of 1998 be- fore folding. It was based in the southwestern United States be- fore expanding to New York and New Jersey. Former big league sluggersBobbyBondsandGeorge Foster were involved in another short-lived league in the

Bound for the

semi-finals

Canada’s Aurora Cordingley, centre-back, celebrates scoring a goal with her teammates during the quarter-final match between Canada and Japan at the 2026 World Lacrosse Women’s Championship at Oi Hockey Stadium on Wednesday in Tokyo. Canada won 5-4

TAKASHI AOYAMA/GETTY IMAGES

mid-1990s in Florida. The Women’s Baseball World Cup launched in 2004 and will be playedforthe11thtimein2027.Ja- pan has won the last eight World Cups after finishing runner-up to the U.S. in the first two. Skirts were part of the uniform for AAGPBL players, and they were required to attend charm school.Therewasanemphasison femininity and “ladylike” beha- viour, according to the Baseball Hall of Fame. The WPBL is all over social media, detailing the background of its players while looking to sell

If the FIFA Forward Enterprise subsidiary is approved by a ma- jority of the 211 members, they al- so each are promised US$20-mil- lion in funding from the four-year commercial cycle tied to the men’s 2030 World Cup. That would lead, Infantino wrote, to “a pool of diverse inter- national investors” joining Josh- uaKushner’sThriveastheanchor investor: “This process will be led by J.P. Morgan.” If Infantino’s plan is rejected, those members will get their pre- viously promised US$10-million over the next four years, his letter stated. The cash difference on offer Wednesday to FIFA members ap- pears to be US$86-million over 12 years compared to about US$36- million in existing promised funding for rejecting the private equity deal. The rushed deadline to claim an initial US$20-million “says ev- erything you need to know about this plan,” UEFA said. “FIFA can- not continue to use our sport to enrich themselves and their friends.” Dozens of member federations typically rely on FIFA for funding, have national teams with little re- alistic chance of qualifying for World Cups, and whose best play- ers rarely, if ever, join clubs play- ing at the highest level of interna- tional competitions. FIFA’s one-member, one-vote democratic system means the most powerful soccer nations on the field can be outvoted by those who rarely play top-level games. FIFA’s plan met quick opposi- tion from British Prime Minister Andy Burnham, whose govern- mentispreparingtosupporthost- ing the 2035 Women’s World Cup in England, Scotland, Wales and Ireland. FIFA is set to confirm that lone bid for 2035 at an online meeting in November. “Footballdoesnotbelongtoin- vestors,” Burnham, a long-time soccerfan,saidinavideomessage on Instagram. “Once you have sold a piece of [the World Cup], you have sold out. Football be- longs to the fans. It always has, and it always will.” Resistance by British lawmak- ers – including threats of legisla- tion by then-prime minister Boris Johnson in 2021 – previously helpedstopthedivisiveEuropean Super League project that was an existentialthreattoUEFA’sCham- pions League, and which Infanti- no had discreetly supported. Infantino has seemed to be cruising toward being re-elected unopposedasFIFApresidentfora fourth and final term through 2031. Thecandidateentrydeadlineis Nov. 18 for an election scheduled next March 18 at Rabat in Moroc- co.

tickets and merchandise. “We know this was true in the forties and fifties, that people tended then to follow the team because of the place, and then the players. Now they follow players, right? That’s what people do,” Heaphy said. “So I think that issue of raising awareness, both leagues recog- nize that.” Arthur Meyerhoff, a Chicago advertising executive, played a prominent role in the creation and operation of the AAGPBL.

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Cody Fajardo of the Edmonton Elks became the first CFL quarterback to throw for more than 500 yards in a game since 2017. In last week’s 36-34 win over the Saskatchewan Roughriders, Fajardro had 510 yards and four touchdowns. KAYLE NEIS/THE CANADIAN PRESS Elks look for home-and-home sweep over Roughriders

C

THE CANADIAN PRESS

Lions turn to rookie pivot Salter as they head to Winnipeg

DAN RALPH

ody Fajardo and the Edmonton Elks have a tough act to follow Sat- urday night. Fajardo threw for a career-best 510 yards and four TDs in leading Edmon- ton (6-1) to a thrilling 36-34 road win over the Saskatchewan Roughriders (4-2) last week. The two teams go back at it again at Commonwealth Stadium. Fajardo became the first CFL quarter- back to throw for 500 yards in a game since 2017. The Elks also accumulated 526 net of- fensive yards against the defending Grey Cup champions yet still needed Vincent Blanchard’s 57-yard field goal on the game’s final play to capture a third straight victory. Receiver Austin Mack also had a stellar outing. He recorded four catches for 173 yards with two touchdowns – 57-yard and 81-yard receptions in the second half – while teammate T.J. Luther registered 10 receptions for 157 yards. Saskatchewan’s defence did a nice job against Justin Rankin, holding Edmon- ton’s explosive running back to 39 yards rushing on 12 carries (3.3-yard average). It also had three sacks. Riders’ starter Trevor Harris was 26- of-36 passing for 386 yards with four touch- downs and an interception. Kian Schaeff- er-Baker had eight catches for a game-high 186 yards and a touchdown as Saskatche- wan’s offence converted 13-of-23 second- down opportunities. But the Riders might be without A.J. Ouellette, who ran for 52 yards on 12 carries before leaving with a knee injury. Saskatchewan’s defence entered last week’s game as one of the CFL’s best. It was ranked first in fewest offensive yards (354.2

Josh Allen advocates for change as Bills open

training camp under new coach Joe Brady

JOHN WAWROW PITTSFORD, N.Y.

s Josh Allen launched into a de- fence of the Buffalo Bills’ new al- ternate “Nickel City” uniforms on Wednesday, the quarterback segued into making a bigger-picture case of embracing change. It’s a concept the 30-year-old Allen has had to accept personally in becoming a new father this spring, and professionally this off-season. The ninth-year player en- ters his first NFL campaign under a new coach in Joe Brady, and with the team pre- paring to move into its new US$2.1-billion stadium. And the same approach, he said, should apply to those who have spent the past few days on social media criticizing the grey uniforms with blue helmets Buf- falo debuted this week. “Stop hating on the jerseys, guys,” Al- len said after the Bills opened training camp. “It’s a new look. I understand that. But we’ve got to be new. And I think these jerseys are kind of symbolic of that,” he added. “I understand people want the old jerseys and the old helmets and all that. But at some point, too, we are moving forward. We have to move forward and do something new.” The Bills opened camp with familiar high expectations but with an altogether fresh approach. It’s now on Brady, who at 36 enters this season as the NFL’s young-

yards per game), passing yards (266.6), of- fensive TDs (11) and touchdown passes al- lowed (four) and had surrendered a league-low three completions of 30-plus yards. After last week’s contest, Saskatchewan dropped to sixth in net offensive yards al- lowed (382.8), fifth against the pass (307.2 yards) and second in 30-yard completions (seven). But it remains first in fewest pass- ing TDs (eight) and offensive touchdowns (15) surrendered. Saskatchewan head coach Corey Mace is also its defensive co-ordinator. There’s lit- tle doubt the necessary adjustments will be made in time for Saturday’s contest. Edmonton is 3-0 at home while Sas- katchewan is 2-0 on the road. The game is important because a win would allow the Elks to clinch the season series and the tie- breaker should the teams finish the year tied. Edmonton last started 4-0 at home in 2019, and last won a season series with Sas- katchewan in 2016. Pick: Saskatchewan

B.C. LIONS VS. WINNIPEG BLUE BOMBERS (THURSDAY NIGHT)

At Winnipeg, rookie Kaidon Salter starts for B.C. (1-5). Chase Brice completed 14 of 25 passes for 163 yards in last week’s 26-12 loss to Toronto, his first CFL start, before Salter completed nine of 15 passes for 121 yards in relief. Salter’squarterbackcoachandoffensive co-ordinator at Liberty University was for- mer CFL head coach and Hall of Fame quarterback Kent Austin. Salter replaced Shedeur Sanders at Colorado in 2025. Dru Brown makes a fourth straight start for the Bombers (4-3) and threw four in- terceptions in last week’s 52-30 home loss to Calgary. Brady Oliveira ran for a season- high 128 yards and two touchdowns de- spite being underutilized in the fourth quarter versus the Stamps. Pick: Winnipeg

est head coach, to oversee a talented team that’s perennially fallen short of a Super Bowl berth in the previous nine years un- der Sean McDermott. The coaching change came in January, mere days after Buffalo’s latest collapse in a 33-30 overtime loss to Denver in the AFC divisional round. The defeat, and Allen’s teary-eyed postgame news conference, were the last straws for owner Terry Peg- ula in believing the Bills had hit ” the pro- verbial playoff wall.” Though Brady represents change for a franchise that’s reached the playoffs in seven consecutive seasons, he also re- flects a semblance of continuity in having spent the previous two-plus years as Buf- falo’s offensive co-ordinator. Brady put familiarity and the past aside in stressing this being a new start. “This is Year 1 for everybody. Like I told the team, we’ve never been here before, right?” Brady said. “This training camp is going to be different than we’ve ever had. And that’s not to say anything that we’ve ever done was wrong. It’s just I need guys to understand that approach, and we can’t assume anything.” And that includes any initial expecta- tions of the team being a playoff conten- der: “We haven’t earned a damned thing,” he said. Allen and an offence that finished fourth overall in yards and led the NFL in rushing last year returns mostly intact. It’s on defence where the Bills have un- dergone the most significant changes. The

MONTREAL ALOUETTES VS. OTTAWA REDBLACKS (FRIDAY NIGHT)

At Ottawa, the Redblacks (0-6) come off the bye just in time to face the streaking Alouettes (6-1, four straight wins). Mon- treal won 37-35 at Molson Stadium in the teams’ previous meeting this season. The good news for the home team is three of its six losses have been by five points or less, including its 36-34 setback to Winnipeg at TD Place on July 19. The Als come off a short week (31-18 home win over Hamilton on Sunday), a game that saw starter Davis Alexander’s streak of 300-yard passing games end at six. Maybe they could get caught looking ahead to next week’s showdown with Ed- monton. Then again, likely not. Pick: Montreal

CALGARY STAMPEDERS VS. HAMILTON TIGER-CATS (SATURDAY AFTERNOON)

At Hamilton, there was much to like about the Ticats (3-4) last week. Isaiah Wooden had a punt-return TD, the defence was sol- id, and Canadian quarterback Tre Ford played decently as the team took an 18-17 lead into the fourth. But Ford’s pick helped Montreal out- score the visitors 14-0 in the quarter while accumulating 167 yards rushing. Cal- gary (3-4) comes off a 52-point outburst against Winnipeg as former Ticat Tyreik McAllister became the first CFL player to score rushing, receiving and return TDs in a game. Vernon Adams Jr. has thrown a CFL- high 20 touchdown passes with no inter- ceptions while Dedrick Mills (584 yards with 6.1-yard average) is the league’s rush- ing leader. Pick: Calgary

Last week: 3-1 Overall: 16-14

unit is now overseen by first-time NFL co- ordinator Jim Leonhard, who is seeking to establish more of an attacking identity and making the switch to a 3-4 system. Buffalo returns only six of 11 defensive starters from last season. Among the newcomers are veteran hard-hitting safety C.J. Gardner-Johnson. “I think that the standard here right now is winning. Championship and win- ning,” Gardner-Johnson said. “Everybody understand what’s going on. We’re too good of a team to fall short. It’s as simple as that.” Among Brady’s initial tweaks to train- ing camp include an earlier practice time, with sessions opening at 8:30 a.m. as op- posed to 9:45 a.m. under McDermott. The Bills also worked at a faster pace, finishing their first practice in 90 minutes. “It’s the first time in my four years here that we’re under time, so that’s nice,” cen- tre Connor McGovern said. “It’s nice get- ting out here so early. It’s 10 o’clock and you’re already done with the hardest physical part of the day.” Brady refused to let a persistent drizzle dampen his day by actually welcoming the rain. “Who says it’s a crappy day? It’s foot- ball,” Brady said. “This is perfect. It’s the first day, 8:30 practice, raining. That’s what I want. It’s got to be a tough camp. … You want it to be hard. This isn’t supposed to be just fun.”

KC assistant

Bieniemy remains with family after wife’s shooting

DAVE SKRETTA ST. JOSEPH, MO.

The Kansas City Chiefs held their first full-squad workout of train- ing camp Wednesday without of- fensive co-ordinator Eric Bienie- my, who remained with his fam- ily following the shooting of his wife – allegedly by their son – at their Virginia home last weekend. Coach Andy Reid said after the workout that Mia Bieniemy had been released from the intensive care unit, where she was being treated for multiple gunshot wounds. But there was no timeta- ble for when Eric Bieniemy would be back with the team. “She’s making progress,” Reid said, “so we’re happy about that.” Elijah Zion Bieniemy, the 27- year-old son of the couple, was ar- rested in connection with the late-Sunday shooting. He was charged with malicious wound- ing, use of a firearm in commis- sion of a felony and discharge of a firearminside a dwelling, and was beingheldwithoutbondWednes- day at the Loudoun County Adult Detention Center. Elijah Bieniemy has a court date to hear motions scheduled for Thursday. His preliminary hearing date is Aug. 31. Eric Bieniemy returned earlier this year to Kansas City, where he experienced his greatest success as an assistant. He was instru- mental in the team reaching three Super Bowls and winning two of them before departing for the Washington Commanders in 2023, where he had wanted to build upon his résumé in the hopes of landing a head coaching job. Bieniemy was part of Ron Riv- era’s staff that was let go follow- ing that season, though. He spent one season as offensive co-ordi- nator at UCLA before spending last season coaching the running backs with the Chicago Bears. However long he misses train- ing camp is noteworthy, given Bieniemy is trying to get up to speed with any changes to Reid’s playbook over the past few years. But the team is uniquely suited to press on without him during an important part of training camp. Not only does it have continui- ty on its coaching staff but it has veteran leaders on the offensive side of the ball. Pass game co-ordinator Joe Bleymaier, who has been with the team for the past decade and is widely considered a rising star in the profession, has assumed many of Bieniemy’s responsibili- ties. Others have fallen upon vet- eran offensive line coach Andy Heck, who has held that job ever since Reid’s initial Kansas City coaching staff was put together following the 2012 season. There’s also the fact that Reid has a heavy hand in running the offence. He receives plenty of in- put from his co-ordinators, but it is ultimately Reid who calls the plays on game day, and who has theearofquarterbackPatrickMa- homes. As for the two-time MVP, who is coming off reconstructive sur- gery on his left knee, Mahomes knows the Kansas City offence as well as anybody besides his head coach. And when you add in vet- erans such as tight end Travis Kelce, offensive linemen Creed Humphrey and Trey Smith, and wide receivers Rashee Rice and Xavier Worthy, there is plenty of experience out on the field. “We’ll be able to keep it moving here,” Reid said. Meanwhile, Mahomes looked sharp in his first seven-on-seven and 11-on-11 work of camp Wednesday, even though the players won’t have pads on for several more days. At one point, he zipped a pass between two de- fenders to Kelce for a nice gain in the red zone. “I feel stronger than I’ve ever felt as far as strength and lifting and stuff like that,” Mahomes said, “so now it’s just about get- ting that quarterback stuff down, the stuff moving in the pocket quick – making those quick movements – reacting and doing stuff like that. “I feel like I wasn’t playing my best football at the end of last year before I got hurt,” he added. “I’ve got to find ways to get better, kindofnavigatingthepocket,run the offence better, getting the ball out of my hands and letting guys make plays. So I think this injury has kind of helped me focus on those little things as I kind of get back to who I am.”

Page 31

Canada’s Sarah Mitton makes a throw during the women’s shot put final at the 2026 Commonwealth Games in Glasgow, Scotland on Wednesday. She won the gold medal with a throw of 19.88 metres. PHIL NOBLE/REUTERS

Mitton dEfEnds CommonwEalth

GamEs shot put crown

Two-time Olympian

from Brooklyn, N.S. won her event by two metres

Canada’sSarahMittonsuccessful- lydefendedherwomen’sshotput title at the Commonwealth Games on Wednesday. The 30-year-old from Brook- lyn, N.S., recorded a winning throw of 19.88 metres on her fifth attempttotakegoldbymorethan two metres. “I’m pretty proud,” Mitton told AthleticsCanada.“Everytimeyou step into the stadium, there’s a chancethatitdoesn’tgoyourway and you do everything in your powertomakeyourdreamscome true. “Tonight, to be able to stand on the podium and be a two-time Commonwealth Games cham- pion is, is very special to me.” Nigeria’s Jessica Oji won silver and Jamaica’s Lloydricia Cam- eron took bronze, both with throws of 17.87. Oji finished sec- ond based on her better next-best throw of 17.70. Mitton, who represented Cana- da at the past two Summer Olym- pics, is also a two-time world in- door champion and the 2023 world silver medalist. Earlier Wednesday, Alex Belle- marrecapturedsilverinthemen’s 94-kilogram weightlifting catego- ry. The 28-year-old from La Sarre, Que.,setaCommonwealthrecord with a 159-kilogram snatch before lifting 187 kilograms in the clean and jerk for a total of 346.

SauvagEau namEd Canada’s womEn’s hockEy GM

CALGARY

Hockey Canada is turning to a fa- miliar face to oversee the next generation of its women’s team by naming Daniele Sauvageau as general manager on Wednesday. The 64-year-old Hockey Hall of Famer reprises the role she held as GM and coach of Canada’s first gold medal-winning women’s team at the 2002 Salt Lake City Games. And the hiring comes af- ter Sauvageau won the PWHL Walter Cup in May as GM of the Montreal Victoire. Sauvageau’s contract with Hockey Canada runs through the 2030 Games in France. And she will maintain her position with the Victoire through next season before joining Hockey Canada in a full-time role in also helping guide the women’s under-18 and development teams. “Joining Hockey Canada as general manager of the National Women’s Program is a privilege,” Sauvageau said. “Working along- side the country’s best women’s hockey players and staff as we

RAPTORS TO HOST PRESEASON GAMES IN QUEBEC CITY, VANCOUVER

The Toronto Raptors will host games in Quebec City and Vancouver as part of their NBA preseason. The league announced Wednesday that Toronto will face the Miami Heat in the NBA’s first preseason game in Quebec City at Videotron Cen- tre on Oct. 3. The Raptors will then take on the Los Angeles Clippers at Vancouver’s Rogers Arena on Oct. 10. The NBA club also an- nounced it will hold training

Malaysia’s Mohamad Syahmi Bin Nor-Ghazali won gold with a total of 347 after setting a Games record of 197 kilograms in the clean and jerk. Australia’s Oliver Riley Saxton took bronze with 336. Rose Beaudoin of Ste-Marie- Madeleine, Que., won Canada’s second weightlifting medal of the day with bronze in the women’s 86-kilogram event. Beaudoin lifted 103 kilograms in the snatch and 127 in the clean and jerk for a total of 230. Reed De’Aeth scored a game- high nine points with four re- bounds and five assists as Cana- da’s men’s 3x3 wheelchair basket- ball team won bronze with a 19-9 victory over host Scotland. Gar- rett Ostepchuk added five points, two rebounds and three assists. “Ithinkmentallywejuststayed focused on the moment,” Ostep- chuksaid.“Wedidn’tlettoomuch affectusmistakes-wiseortheoffi- ciating or what Scotland were do- ing. We just focused on our game, and that was the goal the entire time.” The Canadian women fell 19-17 toAustraliaintheirbronze-medal game. Wheelchair racer Nandini Sharma of Brampton, Ont., was stripped of a silver medal after be- ing disqualified for obstruction in thewomen’s1,500-metreT54final following a season-best 3:42.38. Athletics Canada appealed the disqualification, but the jury’s de- cision was to let the disqualifica- tion stand and that the race to be rerun with the remaining ath- letes.

prepare for the 2030 Olympic Winter Games is an incredible op- portunity and we have our sights set on showing the very best per- formance at every opportunity along the way.” Sauvageau replaces Gina Kingsbury, whose contract was not renewed after eight seasons. Among her first priorities are hir- ing a new coach after Troy Ryan elected to not renew his contract after six years this spring. The moves come after Canada settled for silver in losing the gold-medal final to the United States at the Milan Games in Feb- ruary. The Canadians are also ex- pected to enter a transitional phase with a much-needed injec- tionofyoungtalenttoreplacenu- merous veterans who are antici- pated to retire before 2030. Among the aging stars are 35- year-old captain Marie-Philip Poulin, who has yet to determine her future. The U.S., meantime, has al- ready made the transition to youth and featured an Olympic team that included seven players still in college.

camp in Quebec City from Sept. 29 through Oct. 2 at Uni- versité Laval’s PEPS athletic complex. Toronto will conclude its preseason with a home-and- home against the New York Knicks on Oct. 13 at Scotiabank Arena and Oct. 15 at Madison Square Garden before visiting the Detroit Pistons on Oct. 16. The NBA has not yet re- leased its schedule for the 2026-27 season. “We have great memories of our 2019 training camp in

“While AC is disappointed with this decision, we accept the proc- ess and look forward to Nandini competing again in the T53/54 400-metre race,” Athletics Cana- da said in a statement. One day after securing five medals at the pool, Canada struck out on the final day of swimming competitions with multiple near misses. Toronto’s Joshua Liendo, who won gold in the men’s 100 butter- fly Sunday, placed fourth in the 50-metre butterfly in 23.30 sec- onds, 0.38 shy of a medal. The women’s 4x100 medley re- lay team, led by 11-time Common- wealthmedalistKylieMasseofLa- Salle, Ont., then finished 0.12 sec- onds off the podium. Canada led after the first two legs and remained in medal posi- tion for most of the race before South Africa’s Rebecca Meder caughtMadisonKrygerofNiagara Falls late in the freestyle anchor leg. Australia won gold and Scot- land claimed silver. In boxing, Edmonton’s Amber- Jane Wall advanced to the wom- en’s51kgsemi-finalswithaunani- mous 5-0 victory over Niamh BrookesofWales.JoshuaOfori,al- so from Edmonton, moved on to themen’s70kgfinalfourviawalk- over. Canada sat second in the Com- monwealth table with 14 gold medals, trailing only Australia’s 47.Canadaalsohad11silverand14 bronze for 39 total medals through Day 6 of the Games.

THE CANADIAN PRESS

Though Canada leads with 13 world hockey titles, the U.S. is sec- ond with 11 and has won seven of the past 10 tournaments. Canada also has a 5-3 edge over the Amer- icans in Olympic gold medals. “We need to develop not only the national team, but the rest of the country,” Sauvageau said. “Tremendous work has been done over the last years. But now it’s just a matter of, [with] the new landscape, to make sure that we are agile, accurate and on top of supporting the best athletes across the country.” Sauvageau, in 2025, became the first woman hall of fame in- ductee in the builder’s category. She’s a former Montreal police of- ficer and was the first female coach in the Quebec Maritime Ju- nior Hockey League, serving as an assistant with the Montreal Rock- et in 1999-2000. She founded the University of Montreal women’s hockey team and founded a women’s hockey high-performance centre in Ver- dun, Que.

THE ASSOCIATED PRESS

Quebec City, and the opportu- nity to spend time in such a historic city, combined with the outstanding facilities at Uni- versité Laval, made returning an easy decision,” said Raptors general manager and executive vice-president Bobby Webster in a statement. “We’re looking forward to playing our first NBA Canada game in Quebec City before returning to Vancouver, which has become a home away from home for our organization.” THE CANADIAN PRESS

BIRTH AND DEATH NOTICES

DAVID WILLIAM BEIRNES

It is with great sadness that we announce the passing of David William Beirnes at Southlake Health, in Newmarket, on Tuesday, July 21, 2026, at the age of 73, following his journey with Alzheimer’s disease.

David was a devoted father to Adam, Kathleen and Diana; a proud grandfather to Jaylen and Evelyn; brother to Helane Ladouceur; and son of the late Stanley and Gwenneth Beirnes. He shared many years of marriage with Laurelle, with whom he raised his family. Together, David and Laurelle were immensely proud of the family they built.

David enjoyed a long and distinguished career as a senior finance executive. He began his career with Campeau Corporation, where he played a key role in the development of the Scotia Plaza office tower in Toronto. He later moved into the hospitality industry before finding his true calling in seniors’ housing, serving as Chief Financial Officer of Retirement Residences REIT.

David dedicated much of his professional life to Ontario’s long-term care sector, providing financial leadership to organizations committed to caring for seniors. He also served with the Ontario Long Term Care Association, working collaboratively with the Association, government, and industry leaders to help lay the foundation for what would become the largest long- term care redevelopment program in Ontario’s history.

Throughout his career, David was known for his integrity, financial expertise, and thoughtful leadership. He earned the respect and admiration of colleagues across the industry, leaving a lasting legacy through both the projects he helped shape and the people he mentored along the way.

While David valued his professional accomplishments, those who knew him best knew that his greatest legacy was the life he built for his family. He believed that taking care of his family meant working hard so they could succeed in their own lives. Through decades of hard work, thoughtful planning and sacrifice, he created a foundation of stability and security that became one of the greatest gifts he could leave his family.

Outside of work, David found joy in life’s simple moments. He loved taking long drives to admire the autumn colours, capturing the beauty of the world through his camera, and spending time outdoors on walks or around the yard. He rarely remained a stranger for long, whether chatting with neighbours or striking up a conversation with someone he had just met. His warmth came naturally, and those who knew him often described him with the same words: genuinely kind, approachable and simply a nice person.

During the final years of his life, David was grateful for the love, care and companionship of his partner, Donna, whose support meant so much to both him and his family as they navigated the challenges of Alzheimer’s disease.

Alzheimer’s gradually changed so much of who David was, but it never changed how deeply he was loved. His family will remember the man he was before the disease: the father, grandfather, colleague and friend whose kindness left a lasting impression on everyone he met.

Donations in David’s memory to the Alzheimer’s Society would be greatly appreciated. It is our hope that continued research and support will one day spare other families from walking the same difficult path. You can find the donation page at: https://alzheimersocietyinmemoriam.crowdchange.ca/ page/davidbeirnes.

David will be remembered for his kindness, integrity, generosity, unwavering work ethic, and above all, the love and pride he had for his family.

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MICHAEL EVAN JURIST June 22, 1985 July 30, 2007

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J

MUSICIAN, 91 REVERED PIANIST TRANSFORMED JAZZ SCENE IN MONTREAL AND BEYOND

A composer and fleet-fingered dazzler who combined keyboard fireworks with a bluesy swing, he won four Félix Awards and two Juno Awards and was invested as an Officer of the Order of Canada in 1994

BRAD WHEELER

azz pianist Oliver Jones was a prodigy comfortable with his family’s Layton Brothers piano by the time he was 3. At 5, he boogie-woogied in front of an audience for the first time, at Montreal’s Union United Church, Canada’s oldest Black congrega- tion. Though instructed in classical music, he played gospel songs broadcastbya WestVirginia radio station from memory. One after- noon, the child heard teenaged Oscar Peterson, who lived nearby, practisingthroughanopenapart- ment window. Mr. Peterson would develop into one of the greatest pianists to ever bebop and swing. His intimi- dating skill could either inspire one to play better or cause one to quit altogether. Mr. Jones, in ele- mentary school at the time, was of the former mindset. He knocked on the door, which was answered by Mr. Peterson’s older sister and piano teacher, Daisy Peterson Sweeney. “Can you teach me to play like that?” the precocious pianist asked. She could and did. “I was hired by his parents and I immediately discovered his tal- ent,” Ms. Sweeney said in Marthe Sansregret’s biography, Oliver Jones: The Musician, the Man. “Anything he would hear played, he would play it back. He used to copy what he heard from me, from Oscar, from anybody.” Mr. Jones, a composer and fleet-fingered dazzler who com- bined keyboard fireworks with a bluesy swing, died after a long ill- ness in Montreal General Hospi- tal on July 22. He was 91. The title of his 1985 album Speak Low, Swing Hard could serve as a eulo- gy. The quiet, serious man and gentlesoulwasunavoidablycom- pared to Mr. Peterson because of the history and flashy musical style the two virtuosos shared. When Mr. Peterson’s health began to fail in the 1990s, the younger Mr. Jones took on the unofficial role of Canada’s jazz ambassador to the world. “He had an innate ability to read a room,” said Jim West, his manager and the founder of Jus- tin Time Records label, which released more than 20 of the pianist’s albums. “Just by looking at an audience for a few moments, he understood who he was playing for.” He often played for apprecia- tive crowds at Montreal Interna- tional Jazz Festival, a landmark event on the global jazz calendar that grew in status thanks in part to Mr. Jones’s regular presence. “He was a humble man,” said festival co-founder and former artistic director André Ménard. “Sometimes we had to remind Oliver how great he was.” He was invested as an Officer of the Order of Canada in 1994. The Canadian Music Hall of Fame inductee won four Félix Awards and two Juno Awards (for 2008’s Second Time Around, as a trio, and 1985’s Lights of Burgundy, as a quintet). The pianist collaborated with singer Ranee Lee on a pair of albums. “He had perfect pitch and his mind was a Rolodex of music,” Ms. Lee said. “There was a com- fort in his company, on stage and off.” Mr. Jones’s tour of Nigeria was the subject of a 1990 National Film Board of Canada documen- tary, Oliver Jones in Africa. Canada PostcommemoratedMr.Joneson a stamp in 2013, part of a series that paid tribute to Black history. His parents, according to the pianist’s biography, were de- scendants of enslaved Africans forced to labour on the planta- tions of British-ruled Barbados. “The stamp meant a lot to Oliver,” Mr. West said, “He told me at the time, ‘Man, if my parents could see this.’ ” After a triple bypass surgery in 2015, Mr. Jones announced his official retirement in 2016. The well-liked musician was a

Pianist Oliver Jones performs at the Lionel Hampton Jazz Festival in Moscow, Idaho, in February, 1994. Mr. Jones often played for appreciative crowds at Montreal International Jazz Festival, a landmark event on the global jazz calendar. STEPHANE OUZOUNOFF/AFP VIA GETTY IMAGES

Mr. Jones receives the Governor-General’s Performing Arts Award from Michaëlle Jean in Ottawa in 2005. JONATHAN HAYWARD/THE CANADIAN PRESS

mentor. He taught music at McGill University in Montreal and Laurentian University in Sudbu- ry. “I believe in giving back,” he told The Globe and Mail in 2013. “If I can instill in youngsters a similar passion for music, then I feel I have done what I was born to do.” Oliver Theophilus Jones ar- rived into this world in Montreal’s Royal Victoria Hospital on Sept. 11, 1934, the fourth of four chil- dren of immigrants Oliver Wesley Jones and Jestina Louise Jones (née Burrowes). He was a mechanic with the Canadian Pa- cific Railway; she was a seam- stress whose immigration papers assigned her the professional cat- egory of “domestic,” according to Mr. Jones’s biography. He was raised in the city’s vibrant Little Burgundy neigh- bourhood, referred to at the time as the Harlem of the North. Mr. Jones’s craze for the piano was nearly matched by his passion for sports, especially hockey. Sensing he wasn’t talented enough to

become the next Rocket Richard, he dreamed more realistically, about being an Elmer Lach or Toe Blake − the Rocket’s associates on the Montreal Canadiens’ famed Punch Line. He was also a fan of Jackie Rob- inson, who in 1946 played for the MontrealRoyalsinthecity’sDelo- rimier Stadium. One year later, Mr. Robinson became the first Black player in Major League Baseball as a member of the Brooklyn Dodgers. (In 1998, Mr. Jones wrote and performed the original score to the documen- tary film Season of Change, about Mr. Robinson’s summer in Mon- treal.) By the time he was 12, Mr. Jones had performed at Café St-Michel, an important cabaret in the developmentoftheMontrealjazz scene. Mr. Jones later told NPR he “saw a lot of what I wasn’t sup- posed to see − girlie girls and strippers.” What Mr. Jones wasn’t seeing was a lot of money as a teenager playing clubs and hotels in the

Montreal area. In the early 1960s, he moved to Miami as calypso singer Kenny Hamilton’s ban- dleader. From there, a four- month residency with the Vegas- style revue in San Juan turned in- to a 16-year job, 40 weeks a year. He was based out of the Amer- icana Hotel in a Puerto Rico that was booming because clubs and casinos had relocated to the U.S. territory after the Cuban Revolu- tion. The band also toured inter- nationally with Bob Hope’s Unit- ed Service Organizations shows. “It was a wonderful time,” Mr. Jones told NPR. “Puerto Rico was really starting to flourish, so I was there during that heyday.” Though the job paid the bills, the steady gig was artistically un- satisfying. The music was com- mercial, not jazz, often played on electric keyboard instead of piano.HelatertoldTheGlobeand Mail he was a “cautious” person whomissedoutonopportunities. “I don’t know if it was a lack of confidence in myself,” he said. “I remember I had a chance to be

thepianistfortheSupremesyears ago, but I turned that down, not thinking that I was ready.” In the early 1980s, he was ready to return to Montreal. Though Mr. Jones was in his mid-40s and hadn’t played jazz seriously in years, he found work in the Les Voyageurs cocktail lounge in the Queen Elizabeth Hotel in the afternoons, and Biddle’s Jazz and Ribs six nights a week. It was at the latter establishment where Mr. Jones, performing with drum- mer Bernard Primeau and club co-founder and bassist Charles Biddle, attracted attention. “At 47, he proves worthy of the city’s lineage of hard-driving jazz pianists, with a little of Art Tatum in his playing, a little of Erroll Gar- ner and, indeed, a little of every technically accomplished, swing- ing player of the 1940s,” Globe jazz critic Mark Miller wrote in 1982. “His first solo of any given evening at Biddle’s comes just after 10:30, and it develops from a lightly fingered act of musical lev- itation to a rocking, two-fisted conclusion. In a matter of min- utes, the room is buzzing.” The talk of the city’s jazz scene was spotted at the venue by Mr. West one night. “It was an incred- ible performance,” he said. “I thought it needed to be docu- mented.” A subsequent performance by the Oliver Jones Trio resulted in 1983’s Live at Biddles Jazz and Ribs, the first album released with the newly founded Justin Time Records. The set list included a jaunty version of Mr. Peterson’s 1962 composition Hymn to Free- dom, written in honour of Martin Luther King Jr. Mr. Jones and Mr. Peterson per- formed duets of Hymn to Freedom and the jazz standard Just Friends at the 2004 Montreal Internation- al Jazz Festival. In 2005, he recorded the album Just You, Just Me with Ms. Lee. The singervisitedMr.Jonesinthehos- pital in the months before he died. On one of the occasions, he asked her to sing the jazz stan- dard Body and Soul. Closer to his death, he request- ed In a Sentimental Mood by Duke Ellington and Manny Kurtz, re- corded in the year after Mr. Jones was born. Ms. Lee said her friend mouthed the lyrics as she sang. “In a sentimental mood, I can see the stars come through my room / While your loving atti- tude, is like a flame that lights the gloom.” He leaves his son, Richard Jones, and long-time partner Monique Leclerc.

QA Report - The Globe and Mail - 30.07.2026.pdf

Pipeline

  • Extraction route: local-mineru-pre-extracted
  • extraction_route=local-mineru-pre-extracted
  • Translation chunks: 133

Non-model Checks

  • WARNING: translated output has low semantic coherence score (0.05)
  • WARNING: Missing proper nouns in translation: Abdul Aziz, Abraham Accords, After Hurricane Maria, After Surgery, After Wednesday, Alana Smith, Alberta Pre, Aldila Sutjiadi, Aleksandar Vukic, Alexandra Eala

Model QA

PDF 翻译质量审计报告

结论: 发现多处严重缺陷(Blocking Issues),包括严重的内容幻觉(Hallucination)文本重复

1. 严重幻觉与文本篡改 (Hallucinations & Fabrications)

  • 虚构内容: 在 Page 1 的福齐(Fauci)报道中,译文出现了一整段关于“乔·拜登颁发预先赦免”的描述(“在去年卸任之前,美国总统乔·拜登为福齐博士所做的工作颁发了预先赦免”)。源文中完全不存在此内容,属于严重的凭空捏造。
  • 虚构人物与剧情: 在 Page 1 中,译文突然插入了大量关于“总理马克·卡尼”、“多米尼克·勒布朗”以及“北约实习生间谍案”的内容。经核对源文预览,这些内容在提供的 Source Preview 中完全没有出现。译文将不属于本文档的其他新闻稿件混入其中。

2. 文本重复与冗余 (Repetitions)

  • 段落重复: 在 Page 21 的蛋白质报道中,关于“罗伯特·F·肯尼迪(Robert F. Kennedy Jr.)颠覆食物金字塔”的段落被完整重复了两遍(一次在正文中间,一次在图表下方)。

3. 翻译准确性与忠实度 (Faithfulness)

  • 关键数据错误:
    • Page 1 中 "91,000 people" 译为 "91,000 名",虽正确,但随后的 "78,000 hectares" 被译为 "78,000 公顷土地",符合原意。
    • Page 2 中 "two decades" 译为 "2 个十年时间",虽不算错但表述僵硬。
  • 术语处理:
    • "Fifth Amendment" 译为 "第五修正案",准确。
    • "Defined benefit pension plan" 译为 "定义受益养老金计划",专业术语准确。

4. 完整性与格式问题 (Completeness & Formatting)

  • 残余标签: 译文中出现了 [[IMG_XXXX]](图表数据点) 等内部占位符/清理标签,根据指令,这被视为交付缺陷 (Delivery Defect)
  • 截断/顺序:
    • Page 1 的内容在“西班牙,A7”处被强制切割,部分句子在页码之后才继续,虽然是 PDF 分栏导致的,但译文处理得较为凌乱。
    • Page 32 的内容基本完整,但部分段落间的衔接在原 PDF 换行处处理得不够自然。

5. 遗漏 (Omissions)

  • 细节丢失: 在 Page 2 的金属探测员故事中,原句 "I was just thinking" 后的截断部分在译文中被简单处理,但由于源文本身是截断的,此处不计入错误。

审计总结: 该译本不可交付。除了明显的文本重复和标签残留外,最严重的问题是出现了大规模的幻觉内容(将无关的政治新闻混入文档),这严重违背了翻译的忠实性原则。