MTRN earnings call for the period ending June 30, 2021.
Wu Lei says his small construction company in central China has accepted commercial paper from property developer Evergrande as payment for two years but with that paper's value now in doubt, his firm is on the verge of collapse. China Evergrande Group, saddled with more than $300 billion in total liabilities equivalent to 2% of China's GDP, is in the throes of a liquidity crisis that has it scrambling to raise funds to pay its many lenders and suppliers. Wu, 35, was one of around a hundred protesters who descended on the headquarters of the country's No. 2 real estate developer in Shenzhen this week desperately seeking assurances of payment.
A Lower Mainland real estate agent has been ordered to pay nearly $100,000 in fines after being found guilty of professional misconduct in relation to a rent-to-own scheme allegedly aimed at financially vulnerable homeowners. More than three years after B.C.'s real estate council first suspended Kevindeep Singh Bratch's licence under "urgent circumstances," Bratch has also been told he'll have to wait another year before he can apply to get his licence back. A disciplinary committee found that B
It's rare that late-night vote counting in British Columbia matters in a federal election — but should it come to pass on Monday, a number of ridings in and around Vancouver could be crucial. There are 13 ridings in Vancouver, the North Shore, Burnaby, New Westminster and the Tri-Cities, and they could comprise the most politically unpredictable part of Western Canada this election. Safe NDP and Liberal seats Some ridings are highly unlikely to change hands, with long-time incumbents seeking re-
AMSTERDAM (AP) — A drawing newly attributed to Vincent van Gogh that has never been displayed publicly before is going on show at the Amsterdam museum that bears the Dutch master's name. The “new” Van Gogh, "Study for ‘Worn Out,’” from November 1882, is part of a Dutch private collection and was known to only a handful of people, including a few from the Van Gogh Museum. The owner, who is remaining anonymous, asked the museum to determine if the unsigned drawing is by Van Gogh. From the style, t
An Edmonton elementary school teacher who has been working toward more representation and diversity in Alberta's education system has been named the new educator-in-residence with the Canadian Museum for Human Rights. But Sarah Adomako-Ansah, a teacher with Edmonton Catholic Schools since 2013 and co-founder of the province's first Black Teachers' Association, said she almost let the opportunity to work with the Winnipeg-based museum pass her by. "I just had it in my brain that I'm going to stay
Ontario reported 864 new cases of COVID-19 and three more deaths from the virus on Thursday. Health Minister Christine Elliott says 655 of the infected people are not vaccinated or have unknown vaccination status. She says 209 of the infected people are fully vaccinated. The new case numbers are based on 34,365 completed tests. There are 191 patients in intensive care with COVID-related critical illness, including 120 people on ventilators. The province says 84 per cent of residents aged 12 and
Winkler city council has said no to a request asking that Winkler be named a “sanctuary city” and not subject to any provincial COVID-19 health orders, while one Winkler woman says she and her family have permanently moved away from the community because they no longer feel safe within its boundaries. In a Monday Tweet, a Winkler woman who has asked not to be identified as she feared her family may face repercussions in the community, states on her Twitter account that she is a University of Man
With Alberta now in the grip of another public health emergency after a summer largely free of COVID-related restrictions, Liberal Leader Justin Trudeau said today Canadians can't trust Conservatives to run the country during a pandemic. Pointing to Conservative Leader Erin O'Toole's past praise for the Alberta government's handling of the pandemic, Trudeau said Canadians should take a pass on a leader who has expressed admiration for a failed approach to the pandemic. "Just a few days ago, Mr.
Woodstock residents Janice King and Jennifer Campbell delivered a pointed message to council members Tuesday evening, Sept. 14, regarding last spring’s removal of barriers blocking motorized traffic from the Trans Canada Trail through the town. Replace them "immediately," they said. King, who requested the opportunity to address council, said she represented "all the walkers, joggers and bikers" who regularly use the trail, as well as residents who live near it. She said that since the barriers
With more than twice as much rain as normal for September already on P.E.I., there are some concerns it may be getting too wet for the potato crop. Through August growing conditions had been good, said P.E.I. Potato Board general manager Greg Donald, with good heat and timely rain. Then came record-setting rains from the remnants of Hurricane Ida on Sept. 2, with more than a month's worth of rain falling. There have been significant rainfalls since: 209.5 mm in the first half of the month, more
NEW YORK (AP) — L. Steven Taylor got the call that would change his life in 2005: Would he like to make his Broadway debut in “The Lion King”? It was just a six-month contract but he took it, uprooting his family and moving to New York. “Six months has turned into 16 years,” Taylor says with a smile. “The show just kept kind of pulling me back, calling me back. It’s home for me.” Taylor got the honor to restart “The Lion King” this week as Mufasa, the king, after 18 months of silence due to the
HOWELL, Mich. (AP) — A Michigan lawmaker ordered to jail in a drunken driving case is accused of taping a handcuff key to his foot. The key was discovered when state Rep. Jewell Jones, a Detroit-area Democrat, was placed in jail Tuesday for violating bond conditions, authorities said. "He truly believes that he doesn’t have to follow the judge’s orders, doesn’t have to follow rules,” said Livingston County Sheriff Michael Murphy, who runs the jail. “He’s the reason that politicians and elected o
MONTREAL (Reuters) -Canadian Prime Minister Justin Trudeau, seeking to carve out a lead ahead of Monday's election, accused his main rival on Thursday of showing weak leadership in the fight against COVID-19. Opinion polls show Trudeau's center-left Liberals effectively tied with the right-of-center Conservatives led by Erin O'Toole and set to fail in their bid to win a parliamentary majority. Trudeau, 49, noted that O'Toole, 48, had praised Alberta Premier Jason Kenney's decision earlier this year to quickly lift public health restrictions in the Western Canadian province.
BRUSSELS (AP) — The European Union on Thursday unveiled a new strategy for boosting economic, political and defense ties in the Indo-Pacific, just hours after the United States, Britain and Australia announced a new security alliance likely to reshape their relations with the vast region. The EU believes the region, which stretches from India and China through Japan to Southeast Asia and eastward past New Zealand to the Pacific, is growing in importance given its rising population and political
Los Angeles Dodgers co-owner Todd Boehly made a lucrative offer last March that Sportradar Group AG founder and CEO Carsten Koerl could not pass up. He proposed a merger with his special purpose acquisition company (SPAC) Horizon Acquisition Corp II that would have valued Sportradar at $10 billion. Yet Wall Street's mood was about to sour toward SPAC deals, then its hottest dealmaking trend.
Sarbjit Kaur of KPW Communications and Mike Van Soelen with Navigator discuss the tight race between the Conservatives and Liberals with just a few days left until Election Day.
Nova Scotia RCMP have ended their criminal investigation into a failed $3-million feta cheese importation business involving the Glooscap First Nation. The Mounties found no evidence of criminal offences on the part of the band's private-sector partner in the scheme, Ilia Gourmet Inc., of Windsor N.S. In 2020, the Glooscap First Nation said it discovered financial irregularities by Ilia Gourmet in a business venture to import, process and distribute 25 tonnes of feta cheese from Greece. Glooscap
Strong storms are possible in the evening hours for Ontario's northwest, with rotating storms not out of the question.
A proposed U.S. law that would allow cruise ships to permanently bypass B.C. ports has industry leaders calling on the province to ensure the legislation never sees the light of day. The Tribal Tourism Sovereignty Act, introduced in the U.S. House of Representatives by Alaskan congressman Don Young earlier this summer, would allow cruise ships to circumvent federal laws requiring foreign ships to make an international stopover — meaning cruises could travel directly from Seattle to Alaska withou
Saskatchewan has begun publishing data on the COVID-19 cases among those too young to get vaccinated, after refusing to do so as recently as last week. It's only a snapshot, showing the numbers for Tuesday and Wednesday this week, but does include eye-opening figures. A fifth of the new cases (205 of 981) reported on Tuesday and Wednesday were among children 0 to 11. At least one expert is happy to see the data being released. Joseph Blondeau is a clinical biologist at the University of Saskatch