Visit to China a tricky one for TrudeauHistorically, Canada and China have had a difficult relationship, and Prime Minister Justin Trudeau faces a challenging road, says Political Science professor Charles Burton, as Trudeau prepares for his visit to China: The Globe and Mail and Radio Canada InternationalNew Brock dean pushing for well-rounded gradsNew school year, new leaders join Brock University. Earlier this week, the St. Catharines Standard profiled Jens Coorssen, new dean of graduate studies, as he discussed his objectives for his term.Team Canada 72 partners with Catholic school boardLegendary hockey players who competed for the Team Canada hockey team in 1972 have partnered with the Goodman School of Business and Niagara Catholic District School board to provide students and administrators with a program that aims at developing strong leaders and teamwork within the community: Niagara Falls ReviewIs the “All Lives Matter” slogan racist?Psychology professor Gordon Hodson, whose research focuses on prejudice, explains in Psychology Today how the “All Lives Matter” slogan is more than just a race-based response.The cost of raising an Olympic athleteThe Rio 2016 Olympic games are over, but parents and families of athletes are still feeling the stress, especially on a financial level. Sport Management professor Chris Chard reports in Inside Halton that supporting Olympic athletes can run a family back roughly $15,000 annually.Scientists create green coating to protect metals against corrosionChemistry professor Paul Zelisko has partnered with Vanchem Performance Chemicals on patenting new technology that protects metals against corrosion called Greencoat. This technology is unique in the way that it is a water-based system, meant to be a greener way of fighting corrosion: Special ChemToronto FC: Scarves, Socks and SuperstitionsIt’s more than just the love of the game and pre-game rituals, it’s an identity that fans create when they express their loyalty to their sports team. Goodman School of Business professor Peter Yannopoulos dives into the deeply rooted connection fans have to their teams on Under the Cosh.
by Ross Marowits, The Canadian Press Posted Jun 1, 2017 4:36 am MDT Last Updated Jun 1, 2017 at 2:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Bombardier founding family to profit from BRP’s first dividend and sale of shares MONTREAL – Bombardier’s controlling family will soon receive a multimillion-dollar return from its investment in BRP Inc., a recreational products manufacturer that was spun off as an independent company from Bombardier Inc.The Beaudoin-Bombardier family, which owns 41.2 million multiple-voting shares of BRP in addition to its holdings in Bombardier, will receive $3.3 million from a new quarterly dividend to be paid by BRP next month.The family could also earn up to $129 million by cashing in some of its BRP stock as part of the snowmobile maker’s plan to buy back and cancel up to $350 million worth of shares.Affiliates of U.S.-based Bain Capital — which helped the family buy BRP from Bombardier — will also receive dividends and participate in the stock buyback. Bain currently has about 31.7 million BRP shares.Both controlling shareholders, which together own 65.3 per cent of BRP shares, intend to sell some of their stock to maintain their proportionate holdings after the company buys back shares before the end of July. The price per share will be determined through a Dutch auction process.BRP chief executive Jose Boisjoli said the family and Bain — which collectively control the company through multiple-voting shares — will be involved equally in the share buyback.BRP’s publicly traded shares (TSX:DOO) reached an all-time high of $37.87 early Thursday after the dividend, buyback and financial results were announced. The stock was up 13.1 per cent at $37.17 in afternoon trading in Toronto.The maker of Ski-Doo snowmobiles, Sea-Doo watercraft and other recreational equipment raised its growth estimates for fiscal 2018 after posting record first-quarter revenues.The company also posted a first-quarter net loss, but attributed that to the impact of unfavourable currency fluctuations on the value of its long-term debt.Boisjoli told analysts before the company’s annual meeting that its financial capacity and flexibility “has sufficiently increased to deliver on our growth objective while enhancing the return to our shareholders.”BRP had a net loss of $19 million or 17 cents per share for the period ended Jan. 31, compared to a year-earlier profit of $110.7 million or 96 cents a share. Revenue rose to $956.2 million from $929.9 million.On an adjusted basis, BRP said it had normalized income of 25 cents per share, better than the nine cents per share forecast by analysts polled by Thomson Reuters.Chief financial officer Sebastien Martel said BRP’s initial dividend will be adjusted as the business and its profitability grow.“Our objective is to continue to provide good returns to shareholder, and we will be adjusting the dividend payout in line with the results that we will be delivering,” he said, adding there is no targeted payout.BRP hiked its guidance for the year. It is now expecting revenue from all business units will be four to six per cent above fiscal 2017 — four percentage points higher than previous guidance.Similarly, BRP raised its adjusted net income growth forecast to a range of between 10 per cent and 16 per cent, from the previous range of seven per cent to 13 per cent.