CBCN - Monday, May 27, 2024 - 12:00 a.m. (ET) - Segment #17

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question why now and that's part of the reason and also that a lot of analysts are saying the company needs a lot of infusion of money to get this thing going and if that's the case it makes things. The former owner of indigo is interesting. Gerald swartz is the phonedder of onex corporate and he owns 59% of ingo shares. There you can see where the shares have been for the last 5 years and the $2.50 is the offering for the share price that's where it's stabilized but you can see it's coming well off its over $8 highs a few years ago and the second big owner here or gerald swartz I should say is married to the ceo that's heather reisman. She's through holding companies and he's through holding companies, she owns about 4.6 of indigo so between the two of them that's about two-thirds of the stock. The office of the shares like I mentioned is $2.50 and for the vote to go through today they need two-thirds of the common shareholders to approve this and also a simple majority of the shareholders outside of those holding companies related to heather reisman and gerald swartz. And if this deal does go through, the deal's expected to close in june and the stock will be delisted after that. But analysts are saying that now is the time to buy. You buy when it's cheap and if it does need an infusion every cash, indigo has been losing money, they got rid of people working there in january so it makes sense from an investment point of view to invest the cash to buy the company potentially getting all of the return that's what analysts are saying is happening here and it could emerge in another public company in the future. >> Okay, we will watch what happens at that shareholder meeting. Of course, market wise to watch today with the federal holiday in the united states? >> Yeah, expect not a lot of volume. Market's going to go sideways and this is what we are seeing already from the asian to european markets and that's because of the memorial day holiday that the U.S. stocks are closed and so without that big direction, stocks are just going to drift sideways, pretty much, we have the price of oil up about $78, we have the canadian dollar up a little bit as well, and with the rest of the markets overseas, a little bit of mixture there. We have french and german shares a little bit to the upside and the tsx looking positive before the 9:30 opening as well. >> Scott, thank you very much. >> Alina mueller in double ot, what a thrilling road for boston the road against minnesota. This was the moment that forced the fifth and final game in the first heifer walter cup final. What a wild finish. Minnesota sophie jake had thought she scored the championship winning goal for minnesota but it didn't count. Overturned for goalie interference. So back it went, and it was boston winning then. So boston will play at home on wednesday and the winner take all, game 5, what's sure to be an electric atmosphere for what is certain to be the final game of the pwhl season. This is cbc morning live. [ ] [ ] There's so much pressure these days. Work doesn't seem to stop. And parenting never does. So when my time comes, I want to make things as stress free as possible for my family. Welcome to Seniors Choice. How can I help? I'd like to get a quote please. If you're a Canadian Resident aged 50-80, you can choose the right amount of coverage for you and your family up to $250,000. Okay. You can choose to apply over the phone now in just minutes. With no medicals or blood tests, just a few health and lifestyle questions. It's that easy? Depending on the coverage you choose, it would be as little as $14.88 a month. That's just 49 cents a day. That's cheaper than I thought and this coverage could save my family from having to pay for my funeral when the time comes. There might even be some left over as a gift for them. I'll go ahead. Seniors Choice are the #1 Direct Choice for Canadians Over 50. To get a free, no obligation quote, call one of our trusted insurance advisors today at 1-844-848-8154 or visit seniorschoice.ca. I'm such a fan of this show. Announcer:Listen to the podcast,Q with Tom Power. The story itself is so unbelievable. The energy wasn't set up for me to thrive in. The presence I feel now is not something that I believed to be possible in the past. So many people thought I couldn't do it. They doubted me. I felt like I like, ripped my whole heart out. I didn't realize how formative 25 to 30 would be. I have to kind of repress my own self doubt. You're one of my favourite interviewers, so, I was pumped. Get out of here. Announcer: q with Tom Power. Available now onCBC Listen or wherever you get your podcasts. >> The remnants of a powerful cyclones reamo, continue to hammer south asia this morning, carved a deadly and destructive path for india and bangladesh earlier. At least 16 people had been

killed across the two countries. One man was hit by falling concrete and a woman died when her home, her mud home collapsed on her, just to give you a couple of the example there. Winds reached over 130 kilometers per hour at the storm's height. Millions remain without power. Not to that degree certainly and thankfully, but there is some wild weather in our forecast as well, and chris has the thunderstorm forecast right up on the wall behind him there, chris. >> We do. Yes. So for those who had outdoor plans today, it's always good to have a plan b, there will be showers, thunderstorms, widespread risk of thunderstorms in the yellow, in the orange there, that means there's a severe weather possible. And could be a small window in southwestern ontario, like gta barrie westward, greater risk this afternoon. Now, we're already getting thunderstorms this morning. By the way, there's our low pressure system moving into the great lakes. The cold front attached to that, extending southwards will bring more stormy weather state side as well. And behind that, you will notice a bit of a cooler trend tuesday, wednesday and thursday. So today is the more tumultuous day. Thunderstorm right now moving around ottawa, gatineau region and northwards, so that will be passing. That's not the severe one, though, and we got to some storms there around the trois-rivières north, looks like some showers and thunderstorms around lake st. Clair, they are moving their way eastwards, the g.t.a., got morning and midday showers and storms, eastern ontario, that's where we really start to see things ramping up this afternoon and into quebec and there could be even another round this evening down towards cornwall, montreal, the richelieu valley and north towards mont-laurier. So bottom line is there's going to be some significant rain potentially damaging winds, and we can even rule out large hail. Now, for tomorrow, the thunderstorm risk diminishes. Still some scattered showers and temperatures on the cool side. But look at all of the yellows here in eastern ontario and through quebec. That's multiple rounds every storms producing perhaps some flooding rains, not out of the question. Fair-weather for most of you in newfoundland today, warmer in labrador and a little on the cool side in nova scotia. As the high pressure departs, that system bringing you the rain showers and storms in ontario and quebec today, will roll across the maritimes tuesday, bring some locally heavy rains to newfoundland, southern areas and likely those wreckhouse winds too. >> The weather update is brought to you by the -- th Announcer:Stories that make you think. If it matters in your home or to this country, it's onCanada Tonight with Travis Dhanraj. Watch onCBC News NetworkandCBC Gem. The all new GoDaddy Airo helps you get your business online in minutes with the power of ai... with a perfect name, a great logo, and a beautiful website. Just start with a domain, a few clicks, and you're in business. Make now the future at GoDaddy.ca/Airo Financial goals. Fidelity knows we've all got them. Maybe you want to own a home, or never own a home. Maybe you want to travel. Or have a kid. Or travel with your kid. Yours could be retiring early. Or never retiring at all. At Fidelity, we know everyone has different goals. But the one thing we share? We all want to get to them sooner. ( ) Voltaren Emulgel Extra Strength contains an anti-inflammatory... ...that has the power to relieve your muscle and joint pain. It penetrates deep to relieve pain and reduce inflammation. And you can go 12 hours between applications. Voltaren. The joy of movement. Two for five dollarWhopper Junior deal? Oh, just one's for me. [Car Accelerates] I lied! Stretch your dollarat Burger King when you mix n' match2 Whopper Juniors or Chicken Juniorsfor 5 bucks. [ ] Pick-up is quick and easy. For 30 years, Walmart's helped Canadians save through a lot. The Elmo Craze in ‘96. Your endless wait for dial-up. Sfx: Iconic dial up ‘trying to connect' sound Those wide, shapeless jeans... that hair thing with the uh teeth. In the 2000s, you were all doing this. So we did this. In 2020, the race for toilet paper was won here. Whatever was happening, we made it happen - for less. 30 years later, we still are. ( ) This Is Pretection.The everyday skinprotection ritual that protects your skinfrom mosquitoes. Pre-BBQ

Pre-Walk Pre-Everything off! PreventionIs The Best Protection sc Johnson >> Good morning, I'm heather hiscox. This hour, a deadline atravis pro-palestinian protesters encamped at the university of toronto. The school gave them until this hour to break down the camp or face the consequences. We will take you to the encampment site to see what is happening right now. Widespread condemnation, after israel launches an air strike on rafah and hits a camp for displaced persons. Dozens are reportedly killed in the strike which is in retaliation for a hamas rocket attack on tel aviv. And fort nelson bc gets the all clear. Wildfire evacuees are allowed to return to their homes for the first time in weeks. We'll speak again with fort nelson's mayor ahead of what should be an emotional day for his community. Also this morning, millions of americans are spending their memorial day holiday biden administration for potential tornadoes. We'll bring you an update on the powerful storm system that has already killed more than a dozen people in the central U.S. plus ... >> Good morning. A new chapter may be written today for canada's biggest book store chain, indigo shareholders voted this morning on a deal that could take the company private. >> Good morning, multiple rounds of showers and thunderstorms in parts of southern ontario and quebec which could include damaging winds, heavy rain and large hail. Details in your national forecast. >> Thank you, advice. >>> We begin in toronto. Moments ago, the university of toronto's deadline for protesters to dismantle a pro-palestinian encampment came and went. And we can tell you that as of the time of the deadline, 8:00 A.M. eastern, the protesters are still there. The barricades and the tents in king's college circle remain up, and there's no sign of any police presence. A rally in solidarity of student protesters from the ontario federation of labour is due to start, and meagan fitzpatrick is for us right there on campus to set the scene and bring us the latest information on what is happening on this very hour, meagan, this is the deadline hour, what is happening? >> We're right now in front every convocation hall, heather, where this rally is set to take place. And we'll show you the scene here if we just pan over a little bit. You can see the flags of several labour union that is are here. The ontario federation of labour had put out a call for people to come here in support of the protesters, but there are also flags as you can see from cupe and onsy and unifor and several other unions as well. Right beside -- still going, it has not been torn down by this morning's deadline. That deadline had been contained in a trespass notice that was issued to the encampment protesters friday evening by the school and that trespass notice had come in the wake every an offer from the university -- thursday. That offer had included proposing setting up an advisory committee to consider the issue of divestment, as well as a working group to look at the issue of disclosure. And had made a couple of other proposals. The students had rejected it saying that offer was not good enough and they don't want more committees, they want a commitment, an immediate commitment from the university of toronto to divest from any companies that provide goods and services to the israelis. That offer was rejected, the trespass notice issued, calling on the protesters to vacate by 8:00 A.M. they have not. Yesterday at 5 P.M. for a meeting, but we have no update in terms of the outcome of that meeting, if any progress was made during those talks. We do expect to hear from some of the student representatives at this rally that's due to start in a few minutes. >> Okay, meagan, thank you, just having a little bit of difficulty with some of your audio. So we will reconnect more thoroughly with meagan and continue to watch this hour by hour and minute by minute, depending on what is happening there at u of t, more to come from meagan fitzpatrick as we watch the story very closely and see what the protest rally takes place and looks like and also what kind of response we're

going to get from the university and from the protesters themselves. Also as we watch toronto this morning, a jewish girl school is preparing to return and to welcome students this morning with an increased security presence. Just two days ago, shots were fired at base hymashuki school. There's a rally planned at the school this morning with details yet to be announced on that but we do know that the prime minister and the premier of ontario have both condemned the shooting. Police say they are still looking for multiple suspects, the hate crimes unit has opened an investigation. >> Israel says it there launch a review of a deadly air strike carried out in gaza overnight. This was the chaotic scene in the southern city of rafah overnight. People running for their lives. The hamas-run health ministry now says 45 people died as flames swept through an encampment packed with displaced people. Israel says the strike was aimed at legitimate militant targets, but reaction has been swift to the war's latest mass casualty event, with many international leaders and organizations condemning it. The air strike happened less than three days after the U.N. world court ordered israel to end its offensive in rafah. Sarah coates is in tel aviv. >> Also doctors on the ground, this strike hits an israeli designated safe zone in the northwestern part of rafah. Now, extremely disturbing images are coming through, of people pulling charred bodies from what appears to be a large container, with people on the ground saying that this is where displaced people were sheltering. Now, a paramedic has just come out to tell asp that this is one of the deadliest attacks since the beginning of the war. We've also heard from israel's military prosecutor who is describing this incident as very grave. Now, the idf has come out to respect release a statement saying idf aircraft struck a hamas compound in which significant terrorists were operating, saying that the strike was carried out against legitimate targets under international law through the use of precise munitions and on the basis of precise intelligence. Now, the military says it eliminated a hamas chief of staff from the west bank, also another official from that area, the idf acknowledging that several civilians have been injured, saying the incident is now under review. Now, the U.N. palestinian aid agency unrwa has posted on x. We haven't established communications with our colleagues on the ground saying we're extremely concerned for their well-being, no place is safe, no one is safe. Also heard from the eu's foreign policy chief josep borrell calling on both sides to respect the ruling handed down by the international court of justice. >> How the international community can make -- implement a war, can enforce are are really [indiscernible] international court of justice. >> So that word from josep borrell as you say, sarah. Now, the air strike we're talking about on this camp followed hours after hamas launched a big rocket attack on tel aviv, where you are, first time there in months. And yet, despite all of this renewed military action, there is hope that talks on a new cease-fire and hostage release may start again this week. What do we know about that right now? >> Certainly a lot of hope, heather, but really in saying that not much optimism. We do need to remember that the sticking point remains and that is the end to the war. Hamas warrants a full comprehensive cease-fire. Israel says that that simply will not happen. Now, we've also heard from the qataris. The qataris are of course a key mediator in these hostage negotiations coming out to say that this strike on rafah could hinder the potential negotiations which could kick off as you said this week. Now, you also mentioned this large rocket attack on central israel yesterday. It was less than 24 hours ago, air raid sirens ring out here in tel aviv for the first time in four months really causing a lot of panic, a lot of confusion right across the city. People ran to shelter, a lot of these missiles were intercepted by the iron dome missile defence system although one directly hit a home just north of where I am standing, very important to mention that hamas has come out to claim this barrage of rockets and all of them did come from

rafah, heather. >> Sarah coates reporting from tel aviv for us today. >>> One of the big stories at home today, thousands of people from fort nelson, bc, were going to be allowed to return home. More than 4700 people foreign policy fort nelson and the near by fort nelson first nation had to evacuate back on may 10th because of that parker lake wildfire, out of control and burning just outside their community, just got to within a couple of kilometers. Over the course of that crisis, we talked to the mayor many times, and he's back with us this morning. Rob fraser, mayor of the northern rockies regional municipalities, municipality, fort nelson is the hub. Mayor fraser, welcome back, good to see you, sir. >> Good morning, heather, thank you. >> How are you feeling? Your community's coming home today. >> Yes, I'm ecstatic. We were able to, you know, find out that the imminent threat has been significantly reduced and all of our community infrastructure is in place, critical services are in place and so it's time to come home. >> So three hours from now, people can start running home. How exactly is it going to work? For example, is everybody allowed to return home, mayor fraser? >> Everybody is allowed to return home. Adults, children, everybody who can start making their way home. And so we're not doing it in a phased approach to bring people home. We are opening the gate, and yesterday when I spoke to everybody, we asked them to take their time, stagger themselves. Some people might even want to wait an extra day because there will be a rush on the alaska high way. It's 400 kilometers long so we're pretty sure that they can space themselves out and do it in a safe manner. >> And what do you expect? What are you hearing from people in terms of their desire to be back home? >> There's a huge desire to be home. Of course, people want to check on their properties, that's the first thing and then they will be looking for recovery. So we'll go into a recovery stage soon. The fire is still burning out there, so we're still -- we're still resourcing the fire. But people will be able to look after their homes, be able to come to the resiliency centre and get the clean up kits that the red cross has provided and we'll be able to start moving on. >> You mentioned, you have everything in place, all of the emergency supports, the commune supports that they need, those are all there and ready to go for them. But what else? What have you been telling the residents themselves in terms of what they need to know, what they need to bring as they get set to returned to? >> Yeah, we've asked them to bring any essential goods that they might need because the volumes in town are low. The stores are open, but they're not fully stocked and so we are asking people to make sure that they've got fuel in the vehicle when they get here, they will be able to gas up. We are asking them that they have sufficient food, to bring some extra cleanerring materials with them because they are going to have to be cleaning out their homes, and our resiliency centre is open. >> When they come home, as you mention, they are anxious to check out their properties. >> What are they going to see in terms of what has changed and what has been damaged, what has been lost in the community, mayor fraser? >> People in town won't see a lot of -- a lot of change. There was -- there was one cut, fire cut that was made right on the edge of town at the north end. Those folks will see that. But out in the rural areas, they're going to see a lot of damage, particularly out on the edges of community to the north, the fire burned right up to the highway so it's blackened trees. There's going to be some places they're not going to be able to go where they used to be able to go, like the parker lake recreation area is blocked off just because of so many dangered trees across the road. So there is some significant damage to the north and west of the community, you know, that's going to make them feel sad. >> For sure. And in terms of the final number of properties lost and damaged, where did you land? >> We landed at 11 properties damaged, four homes, three of them were occupied. >> So -- and those are -- and those property owners, they know, you've already had that difficult conversation with them, have you? >> Yeah, I had the difficult conversation with just about all of the property owners. Some of the ones that had only vehicle damage or had lost a shed. I didn't get directly in touch with them, but our staff did. >> What has the experience of this been like for you, mayor fraser? >> Yeah, it's been a roller coaster, I will tell you, you know. We get ahead of this fire and then the wind comes up and got calls to the community and, yeah, we had some rain and then it got dry, in a few days, and it flaired up again. It's just been a roller coaster. But I've been surrounded by a professional group of volunteers and our staff that have really been able to buoy me up and keep

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