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S&P 500 Q3 2024 Buybacks Decrease 4.0% from Q2 2024, as 12-month Expenditure Increases 4.7% from Previous Year; Earnings Per Share Increases from Buybacks Improves; Buybacks Tax Results in a 0.42% Reduction in Q3 Operating Earnings and 0.48% Reduction in Q3 Earnings

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S&P 500 Q3 2024 buybacks were $226.6 billion, down 4.0% from Q2 2024’s $235.9 billion and up 22.1% from Q3 2023’s $185.6 billionThe 12-month September 2024 expenditure of $918.4 billion was up 16.7% from the prior 12-month expenditure of $787.3 billion Consumer Discretionary increased spending by 13.5%, as Information Technology and Health Care reduced their spending by 6.4% and 10.2% respectively The net buyback 1% tax reduced Q3 2024 operating earnings by 0.42% and As Reported GAAP by 0.48%

NEW YORK, Dec. 13, 2024 /PRNewswire/ — S&P Dow Jones Indices (S&P DJI) today announced the preliminary S&P 500® stock buybacks or share repurchases data for Q3 2024.

Historical data on S&P 500 buybacks is available at www.spdji.com/indices/equity/sp-500.

Key Takeaways:

Q3 2024 share repurchases were $226.6 billion, down 4.0% from Q2 2024’s $235.9 billion expenditure, and up 22.1% from Q3 2023’s $185.6 billion.For the 12-months ending September 2024, buybacks were $918.4 billion, up from $787.3 billion for the prior 12-month September 2023 period; the 12-month peak was in June 2022 with $1.005 trillion.332 companies reported buybacks of at least $5 million for the quarter, up from 324 in Q2 2024 and up from 281 in Q3 2023; 381 companies did some buybacks for the quarter, up from 373 in Q2 2024 and up from 362 in Q3 2023; 425 companies did some buybacks in the last 12-month period, up from 420 in the prior 12-month period.Buybacks remained top heavy, as concentration increased, with the top 20 S&P 500 companies accounting for 53.2% of Q3 2024 buybacks, up from Q2 2024’s 52.3%, and above the historical average of 47.6% and the pre-COVID historical average of 44.5%.13.7% of companies reduced share counts used for earnings per share (EPS) by at least 4% year-over-year, up from Q2 2024’s 12.7% and down from Q3 2023’s 13.8%; for Q3 2024 174 issues increased their shares used for EPS over Q2 2024, and 277 reduced them.S&P 500 Q3 2024 dividends increased 2.4% to a record $157.0 billion from Q2 2024’s $153.4 billion and were 8.9% greater than the $144.2 billion in Q3 2023.For the 12-month’s ending September, dividends set a record $616.2 billion payments, up 6.2% on an aggregate basis from the prior 12-month September 2023’s $580.2 billion.Total shareholders return of buybacks and dividends decreased to $383.6 billion in Q3 2024, down 1.5% from Q2 2024’s $389.3 billion and up 16.3% from Q3 2023’s $329.8 billion.Total shareholder returns for the 12-months ending September 2024 increased 12.2% to $1.535 trillion from the prior 12-month periods $1.367 trillion.The 1% tax on net buybacks, which started in 2023, reduced the Q3 2024 S&P 500 operating earnings by 0.42%, down from Q2 2024’s 0.45%, as it reduced As Reported GAAP earnings by 0.48%, down from the prior 0.49%. For the 12-month September 2024 period, the 1% tax on net buybacks reduced earnings by 0.45% for operating and 0.50% for As Reported.

“After declining in 2023, companies have increased their buyback expenditure, but have remained in a dollar range for the first three quarters of 2024. This was amidst significant stock price increases with the result being fewer shares purchased and less of an upward EPS push. Additionally, with big-cap stocks up nearly 30% year-to-date, it is difficult for companies to keep up with that much of an increase in their buyback budget, especially with two-thirds paying dividends in addition to buybacks. However, Q4 2024 buybacks appear to have increased so far, even as stock prices have moved up, as companies’ stock-up on issues needed for employee options, and ahead of any uncertainty over 2025 buyback restrictions or an increase in the 1% buyback tax,” said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.

1% Buyback Excise Tax:

The 1% excise tax on net buybacks reduced Q3 2024 operating earnings by 0.42%, down from Q2 2024’s 0.45% and up from the 0.39% for Q3 2023. The 12-month impact was 0.45%, up from the 12-month September 2023’s 41%. The tax on As Reported GAAP earnings impact decreased to 0.48%, down from Q2 2024’s 0.49% and up from Q3 2023’s 0.42%. The 12-month impact was 0.50%, up from September 2023’s 0.46%.

Silverblatt added: “The 1% tax remains a manageable expense and has not impacted overall buybacks at this point. However, given the initial 1% buyback tax had bipartisan support and remains an attractive cash generator, there is an expectation that some increase or potential change to the type of buybacks that are taxed will remain on the table as the U.S. budget negotiations start. Given the current corporate sensitivity to costs, a buyback tax rate of 2% to 2.5% was seen as impacting both buybacks and the EPS impact of share-count-reduction, which is already at a lower level due to higher stock prices. Under an increased tax, some of the expenditures may shift from buybacks to dividends. However, any shift would not be on a-dollar-for-dollar basis as dividends remain a long-term pure cash-flow item which must be incorporated into corporate budgets.”

Q3 2024 GICS® Sector Analysis:

Information Technology maintained its lead in buybacks, even as it decreased its expenditure by 6.4%, representing 28.2% of all buybacks for the quarter. Q3 2024 expenditures declined to $64.0 billion, compared to Q2 2024’s $68.4 billion, and was up 31.8% from Q3 2023’s $48.6 billion expenditure. For the 12-months ending September 2024, the sector increased its expenditure 23.4% to $249.5 billion, representing 26.8% of all S&P 500 buybacks, compared to $199.3 billion spent in the prior 12-month period ending September 2023, which represented 25.3% of all buybacks.

Financials decreased buybacks by 2.7% for Q3 2024 as it collectively spent $44.1 billion on buybacks, accounting for 19.4% of all S&P 500 buybacks. This was down for the quarter compared to Q2 2024’s expenditure of $45.3 billion, and up 50.3% from Q3 2023’s $29.3 billion. For the 12-month September 2024 period, Financials spent $161.8 billion, up from $131.4 billion for the prior 12-month period.

Healthcare decreased its Q3 2024 expenditure by 10.2%, spending $16.9 billion, compared to the Q2 2024 expenditure of $18.8 billion, and was up 13.0% from the Q3 2023 $15.0 billion expenditure. For the 12-months ending September 2024, the sector spent $74.4 billion, down from the prior period’s expenditure of $76.0 billion.

Consumer Discretionary increased their spending in Q3 2024 by 13.5% to $20.6 billion, up from the prior $18.2 billion and up 9.5% from the Q3 2023 expenditure of $18.8 billion.

Energy increased their spending by 9.9% to $18.3 billion from Q2 2024’s $16.7 billion and was 12.8% higher than the $16.2 billion spent in Q3 2023.

Issues:

The five issues with the highest total buybacks for Q3 2024 were:

Apple (AAPL): continued to dominate the issue level buybacks, as it again spent the most of any issue with its Q3 2024 expenditure, ranking as the 4th highest in S&P 500 history. For the quarter, the company spent $25.4 billion, down from Q2 2024’s $28.8 billion (which is the largest in index history). Apple holds 18 of the top 20 record quarters (Meta Platforms holds #16 and QUALCOMM holds #18). For the 12-months ending September 2024, Apple spent $100.4 billion on buybacks, up from the prior 12-month period’s $83.0 billion. Over the five-year period, Apple has spent $448 billion, and $695 billion over the ten-year period.Alphabet (GOOG/L): $15.3 billion for Q3 2024, down from $15.7 billion in Q2 2024; the 12-month expenditure was $62.9 billion versus the prior expenditure of $60.7 billion.NVIDA (NVDA): $12.7 billion for Q3 2024, up from $8.8 billion in Q2 2024; the 12-month expenditure was $34.5 billion versus $10.4 billion.Meta Platforms (META): $12.4 billion for Q3 2024, up from $9.5 billion in Q2 2024; the 12-month expenditure was $48.2 billion versus $26.1 billion.JP Morgan (JPM): $6.4 billion for Q3 2024, up from $5.3 billion in Q2 2024; the 12-month expenditure was $16.8 billion versus $7.5 billion.

For more information about S&P Dow Jones Indices, please visit  https://www.spglobal.com/spdji/en/

S&P Dow Jones Indices

S&P 500 proforma net buyback tax impact

TAX

TAX % OF

TAX % OF

$ BILLIONS

OPERATING

AS REPORTED

12 Mo Sep,’24

$8.50

0.45 %

0.50 %

12 Mo Sep,’23

$7.16

0.41 %

0.46 %

9/30/2024

$2.11

0.42 %

0.48 %

6/30/2024

$2.20

0.45 %

0.49 %

3/31/2024

$2.18

0.47 %

0.54 %

2023

$7.24

0.40 %

0.45 %

2022 proforma

$8.47

0.51 %

0.58 %

2021 proforma

$7.93

0.45 %

0.47 %

 

S&P Dow Jones Indices

S&P 500, $ U.S. BILLIONS

(preliminary in bold)

PERIOD

MARKET

OPERATING

AS REPORTED

DIVIDEND &

VALUE

EARNINGS

EARNINGS

DIVIDENDS

BUYBACKS

DIVIDEND 

BUYBACK 

BUYBACK 

$ BILLIONS

$ BILLIONS

$ BILLIONS

$ BILLIONS

$ BILLIONS

YIELD

YIELD

YIELD

12 Mo Sep,’24 Prelim.

$48,701

$1,902.69

$1,685.91

$616.16

$918.40

1.27 %

1.89 %

3.15 %

12 Mo Sep,’23

$35,938

$1,756.47

$1,541.07

$580.21

$787.26

1.61 %

2.19 %

3.81 %

2023

$40,039

$1,787.36

$1,610.73

$588.23

$795.16

1.47 %

1.99 %

3.46 %

2022

$32,133

$1,656.66

$1,453.43

$564.57

$922.68

1.76 %

2.87 %

4.63 %

2021

$40,356

$1,762.75

$1,675.22

$511.23

$881.72

1.27 %

2.18 %

3.45 %

2020

$31,659

$1,019.04

$784.21

$483.18

$519.76

1.53 %

1.64 %

3.17 %

2019

$26,760

$1,304.76

$1,158.22

$485.48

$728.74

1.81 %

2.72 %

4.54 %

2018

$21,027

$1,281.66

$1,119.43

$456.31

$806.41

2.17 %

3.84 %

6.01 %

9/30/2024 Prelim

$48,701

$502.01

$441.41

$157.04

$226.56

1.27 %

1.89 %

3.15 %

6/28/2024

$45,843

$489.95

$445.96

$153.41

$235.93

1.32 %

1.91 %

3.23 %

3/28/2024

$44,078

$458.28

$397.38

$151.61

$236.82

1.35 %

1.85 %

3.20 %

12/31/2023

$40,039

$452.44

$401.16

$154.10

$219.09

1.47 %

1.99 %

3.46 %

9/30/2023

$35,938

$437.90

$399.35

$144.18

$185.62

1.61 %

2.19 %

3.81 %

6/30/2023

$37,162

$457.93

$405.66

$143.20

$174.92

1.55 %

2.19 %

3.74 %

3/31/2023

$34,342

$439.08

$404.57

$146.76

$215.53

1.67 %

2.50 %

4.17 %

12/31/2022

$32,133

$421.55

$331.50

$146.07

$211.19

1.76 %

2.87 %

4.63 %

9/30/2022

$30,119

$422.94

$373.04

$140.34

$210.84

1.83 %

3.26 %

5.09 %

6/30/2022

$31,903

$395.02

$360.21

$140.56

$219.64

1.70 %

3.15 %

4.85 %

3/31/2022

$38,288

$417.16

$388.68

$137.60

$281.01

1.37 %

2.57 %

3.94 %

12/31/2021

$40,356

$480.35

$456.72

$133.90

$270.10

1.27 %

2.18 %

3.45 %

9/30/2021

$36,538

$441.26

$420.64

$130.04

$234.64

1.37 %

2.03 %

3.40 %

 

S&P Dow Jones Indices

S&P 500 SECTOR BUYBACKS

SECTOR $ MILLIONS

Q3,’24

Q2,’24

Q3,’23

12MoSep,’24

12MoSep,’23

5-YEARS

10-YEARS

Consumer Discretionary

$20,605

$18,156

$18,809

$83,536

$73,592

$365,235

$791,744

Consumer Staples

$7,734

$10,466

$5,014

$39,240

$22,595

$161,100

$369,936

Energy

$18,313

$16,669

$16,233

$65,200

$73,623

$204,808

$293,020

Financials

$44,054

$45,286

$29,303

$161,844

$131,433

$713,734

$1,334,993

Healthcare

$16,906

$18,825

$14,960

$74,441

$75,956

$379,165

$789,673

Industrials

$15,852

$16,829

$14,286

$76,647

$63,513

$305,574

$659,760

Information Technology

$63,981

$68,356

$48,554

$245,911

$199,264

$1,163,809

$2,035,428

Materials

$4,454

$5,192

$5,278

$17,849

$18,753

$92,855

$154,619

Real Estate

$204

$728

$853

$1,795

$2,178

$11,644

$21,673

Communication Services

$33,818

$34,478

$32,020

$148,137

$124,343

$589,004

$641,074

Utilities

$636

$940

$306

$3,797

$2,010

$13,284

$22,427

TOTAL

$226,557

$235,926

$185,615

$918,398

$787,260

$4,000,212

$7,114,347

SECTOR BUYBACK MAKEUP %

Q3,’24

Q2,’24

Q3,’23

12MoSep,’24

12MoSep,’23

5-YEARS

10-YEARS

Consumer Discretionary

9.09 %

7.70 %

10.13 %

9.10 %

9.35 %

9.13 %

11.13 %

Consumer Staples

3.41 %

4.44 %

2.70 %

4.27 %

2.87 %

4.03 %

5.20 %

Energy

8.08 %

7.07 %

8.75 %

7.10 %

9.35 %

5.12 %

4.12 %

Financials

19.44 %

19.20 %

15.79 %

17.62 %

16.69 %

17.84 %

18.76 %

Healthcare

7.46 %

7.98 %

8.06 %

8.11 %

9.65 %

9.48 %

11.10 %

Industrials

7.00 %

7.13 %

7.70 %

8.35 %

8.07 %

7.64 %

9.27 %

Information Technology

28.24 %

28.97 %

26.16 %

26.78 %

25.31 %

29.09 %

28.61 %

Materials

1.97 %

2.20 %

2.84 %

1.94 %

2.38 %

2.32 %

2.17 %

Real Estate

0.09 %

0.31 %

0.46 %

0.20 %

0.28 %

0.29 %

0.30 %

Communication Services

14.93 %

14.61 %

17.25 %

16.13 %

15.79 %

14.72 %

9.01 %

Utilities

0.28 %

0.40 %

0.16 %

0.41 %

0.26 %

0.33 %

0.32 %

TOTAL

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

 

S&P Dow Jones Indices

S&P 500 20 LARGEST Q3 2024 BUYBACKS, $ MILLIONS 

Company  

Ticker

Sector

Q3 2024

Q2 2024

Q3 2023

12-Months

12-Months

5-Year

10-Year

Indicated

Buybacks

Buybacks

Buybacks

Sep,’24

Sep,’23

Buybacks

Buybacks

Dividend

$ Million

$ Million

$ Million

$ Million

$ Million

$ Million

$ Million

$ Million

Apple 

AAPL

Information Technology

$25,361

$28,810

$21,315

$100,390

$82,981

$447,515

$695,312

$15,204

Alphabet

GOOGL

Communication Services

$15,291

$15,684

$15,787

$62,862

$60,720

$254,992

$286,684

$4,687

NVIDIA

NVDA

Information Technology

$12,676

$8,795

$4,570

$34,463

$10,373

$57,727

$63,828

$984

Meta Platforms

META

Communication Services

$12,361

$9,507

$5,657

$48,203

$26,141

$160,186

$186,187

$4,369

JPMorgan Chase

JPM

Financials

$6,361

$5,336

$2,382

$16,804

$7,549

$59,191

$128,042

$14,226

Visa

V

Financials

$5,867

$4,535

$3,756

$16,921

$12,231

$57,955

$91,193

$3,942

Exxon Mobil

XOM

Energy

$5,512

$5,326

$4,412

$18,505

$17,767

$47,485

$57,614

$17,594

Chevron

CVX

Energy

$4,714

$2,930

$3,334

$13,932

$14,698

$37,297

$41,992

$11,090

Microsoft 

MSFT

Information Technology

$4,107

$4,210

$4,831

$16,530

$21,503

$121,743

$196,231

$24,678

Bank of America 

BAC

Financials

$3,534

$3,535

$1,000

$10,380

$4,763

$59,117

$119,907

$7,021

Wells Fargo

WFC

Financials

$3,435

$6,012

$1,480

$17,798

$9,507

$59,433

$128,399

$5,446

Aptiv 

APTV

Consumer Discretionary

$3,076

$431

$0

$4,429

$129

$4,759

$8,387

$0

Mastercard

MA

Financials

$2,935

$2,643

$1,908

$9,580

$9,699

$37,409

$59,130

$2,178

Marathon Petroleum 

MPC

Energy

$2,701

$2,896

$2,819

$10,320

$9,067

$30,860

$39,248

$1,218

Adobe

ADBE

Information Technology

$2,668

$2,635

$1,120

$8,727

$5,604

$28,760

$37,203

$0

Cisco Systems

CSCO

Information Technology

$2,168

$2,242

$1,453

$7,496

$5,679

$28,141

$81,114

$6,446

Comcast 

CMCSA

Communication Services

$1,990

$2,266

$3,543

$10,441

$11,285

$36,817

$62,107

$4,790

Procter & Gamble 

PG

Consumer Staples

$1,939

$1,516

$1,500

$5,445

$4,853

$39,715

$63,805

$9,487

American Express 

AXP

Financials

$1,935

$1,762

$1,400

$5,890

$3,389

$22,044

$41,754

$1,573

PayPal Holdings

PYPL

Financials

$1,817

$1,564

$1,459

$5,688

$5,645

$21,744

$29,565

$0

Top 20   

$120,448

$112,635

$83,726

$424,804

$323,583

$1,612,890

$2,417,702

$134,933

S&P 500

$226,557

$235,926

$185,615

$918,398

$787,260

$4,000,212

$7,114,347

$631,944

Top 20 % of S&P 500

53.16 %

47.74 %

45.11 %

46.25 %

41.10 %

40.32 %

33.98 %

21.35 %

   Gross values are not adjusted for float

 

S&P Dow Jones Indices

S&P 500 Q3 2024 Buyback Report

SECTOR

DIVIDEND

BUYBACK 

COMBINED

YIELD

YIELD

YIELD

Consumer Discretionary

0.62 %

1.44 %

2.06 %

Consumer Staples

2.42 %

1.42 %

3.84 %

Energy

3.23 %

3.83 %

7.06 %

Financials

1.42 %

2.30 %

3.72 %

HealthCare

1.70 %

1.40 %

3.10 %

Industrials

1.31 %

1.77 %

3.08 %

Information Technology

0.59 %

1.51 %

2.10 %

Materials

1.85 %

1.73 %

3.58 %

Real Estate

3.24 %

0.16 %

3.40 %

Communications Services

0.99 %

3.84 %

4.83 %

Utilities

2.90 %

0.35 %

3.25 %

S&P 500

1.25 %

1.82 %

3.06 %

   Uses full values (unadjusted for float)

   Dividends based on indicated; buybacks based on the last 12-months ending Q3,’24

 

Share Count Changes

(Y/Y diluted shares used for EPS)

>=4%

<=-4%

Q3 2024

4.84 %

13.71 %

Q2 2024

5.04 %

12.70 %

Q1 2024

4.62 %

13.25 %

Q4 2023

3.81 %

12.63 %

Q3 2023

4.60 %

13.80 %

Q2 2023

4.22 %

16.27 %

Q1 2023

4.02 %

18.47 %

Q4 2022

5.01 %

19.44 %

Q3 2022

7.21 %

21.24 %

Q2 2022

8.42 %

19.84 %

Q1 2022

7.62 %

17.64 %

Q4 2021

10.06 %

14.89 %

Q3 2021

10.22 %

7.41 %

 

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P Dow Jones Indices has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: https://www.spglobal.com/spdji/en/.

S&P Dow Jones Indices Media Contacts:
April Kabahar
(+1) 917 796 3121
april.kabahar@spglobal.com

Alyssa Augustyn
(+1) 773 919 4732
alyssa.augustyn@spglobal.com

S&P Dow Jones Indices Index Services:
Howard Silverblatt
Senior Index Analyst
(+1) 973 769 2306
howard.silverblatt@spglobal.com 

 

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SOURCE S&P Dow Jones Indices

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Secretary of State Belanger announces expansion of high-speed Internet access in Saskatchewan

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Federal investment of over $141 million will help connect more than 30,000 homes to high–speed Internet

HUMBOLDT, SK, July 24, 2026 /CNW/ — Reliable and affordable high-speed Internet is essential for all Canadians. It enables access to important online resources, connects friends and families, and drives economic growth and innovation. This is why the Government of Canada is helping bring high-speed Internet access to underserved communities–including Indigenous communities–in Saskatchewan.

Today, the Honourable Buckley Belanger, Secretary of State for Rural Development, announced over $141 million in federal funding for six projects to bring high-speed Internet access to more than 30,000 households in over 500 rural and remote communities across Saskatchewan.

This funding is provided through the Universal Broadband Fund, a program designed to ensure that Canadians in rural, remote and Indigenous communities have access to reliable high-speed Internet.

The Government of Canada has committed to ensuring that every household in Canada has access to high-speed Internet by 2030, and it is on track to meet this connectivity target. These projects will build toward that goal, and the government will continue to invest in infrastructure that creates new opportunities and makes sure communities can benefit from all of Canada’s potential.

Quotes

“High-speed Internet is no longer just a luxury–it’s essential infrastructure, no matter where you live in Canada. It’s how people access health care virtually, start a business or just stay in touch with their loved ones. That’s why we made a historic commitment to provide 100% of Canadian households with access to high-speed Internet by 2030. The projects announced today are a major milestone for connectivity in Saskatchewan, providing reliable and affordable high-speed Internet to more than 30,000 underserved homes in over 500 rural and remote communities across the province.”
– The Honourable Buckley Belanger, Secretary of State for Rural Development

“In many rural and remote areas, connectivity projects like these face a number of financial and structural barriers. Federal tools like the Canada Infrastructure Bank help bridge that gap, ensuring critical infrastructure is built where it otherwise would not be. By supporting initiatives like this, we are advancing economic growth today and helping close the connectivity gap for underserved communities well into the future.”
– The Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada

“Access to dependable high-speed Internet should not be determined by where people live. Thanks to support from the Government of Canada through the Universal Broadband Fund, RFNOW is delivering the infrastructure needed to connect underserved rural and First Nations communities across Saskatchewan. Together, we are building a stronger digital future that will enhance economic development, support essential services and improve quality of life for thousands of Canadians.”
– Chris Kennedy, Chief Executive Officer, RFNOW Inc.

“Every community deserves the opportunity that comes with access to reliable high-speed Internet–and that’s exactly what this investment delivers. In partnership with the Government of Canada’s Universal Broadband Fund, Xplore is bringing high-speed Internet connectivity to nearly 20,000 homes and businesses in Saskatchewan. Better connectivity means more than faster downloads–it means students can learn without interruption, families can access health care from home, and local businesses can compete on a level playing field.”
– Brent Johnston, Chief Executive Officer, Xplore Inc.

“Since our establishment in 2007, we have been committed to providing dependable Internet service and strengthening connections in the communities we serve. With support from the Government of Canada’s Universal Broadband Fund, we’re excited to expand our network and introduce new 6 GHz fixed wireless technology capable of delivering speeds of up to 1 Gbps. This project will help more residents of rural and remote communities access the reliable high-speed connectivity they need for work, education, health care, business and everyday life.”
– Allen Stafford, President, Stafford Communications Inc.

“Beaver River Broadband has secured federal Universal Broadband Fund support to deliver fibre-to-the-home infrastructure directly to Peepeekisis Cree Nation. This critical investment guarantees gigabit-capable Internet access that will transform local opportunities in digital education, remote health care and community-led economic development. Crucially, the project underscores the importance of partnering with smaller, regional Internet providers that bring deep community roots, agile deployment and a dedicated focus on serving areas that larger national carriers often overlook. As an Indigenous-led regional provider working closely with First Nations, Beaver River Broadband understands the unique needs of the area and delivers tailored, reliable customer support on the ground. Empowering local providers through initiatives like the Universal Broadband Fund ensures that underserved First Nations are not just connected but also supported by partners invested in their long-term digital sovereignty.”
– John DeGraauw, CEO, Beaver River Broadband

“MCSnet’s fibre-to-the-tower expansion in Saskatchewan will deliver fast, highly reliable Internet access to underserved homes in rural Saskatchewan, courtesy of a dedicated, community-invested provider. As a family-owned company based in the Prairies, we have been serving rural communities with our innovative technology and exceptional customer service for over 30 years.”
– Jerome VanBrabant, Chief Projects Officer, MCSnet

Quick facts

Canada’s Connectivity Strategy aims to provide all Canadians with access to Internet speeds of at least 50 megabits per second (Mbps) download / 10 Mbps upload.The Universal Broadband Fund is a $3.225 billion investment by the Government of Canada designed to help provide high-speed Internet access to 98% of Canadian households by the end of 2026 and achieve the national target of 100% access by 2030.Today, 97.4% of Canadian households have access to high-speed Internet, compared to just 79% in 2014.In Saskatchewan, 89.2% of households currently have access to high-speed internet.Since 2015, the Government of Canada has invested $242 million in connectivity projects in Saskatchewan.The Canada Infrastructure Bank has committed more than $2 billion toward digital (broadband) infrastructure, closing last-mile connectivity gaps across Canada.Indigenous women, girls, Two-Spirit individuals and gender diverse people are more likely to go missing or be murdered than non-Indigenous women. Better connectivity means more tools in moments of danger, enabling victims of violence to access critical online resources and get help when they need it most.Building on the Building a Green Prairie Economy Act, the Government of Canada launched the Prairie Partnership Initiative to build a dynamic, sustainable and inclusive economy in the Prairie provinces.

Associated links

Rural economic developmentHigh-Speed Internet Access DashboardUniversal Broadband FundBackgrounder: Universal Broadband Fund and Telesat low Earth orbit capacity agreementCanada Infrastructure Bank: Digital Infrastructure and AIHigh-Speed Access for All: Canada’s Connectivity StrategyNational Broadband MapFederal Pathway to Address Missing and Murdered Indigenous Women, Girls and 2SLGBTQQIA+ PeoplePrairie Partnership Initiative

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Fragmented Web Strategies Leave Organizations Exposed as Digital Expectations Rise, Warns Info-Tech Research Group

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Organizations are increasingly focused on modernizing their digital presence to meet rising user expectations, yet many still rely on decentralized content models, inconsistent governance, and legacy platforms. New findings from Info-Tech Research Group show that without a structured web experience management (WEM) strategy, web initiatives often fail to align with business goals and user needs. The firm’s blueprint Develop Your Web Experience Management Strategy provides a five-phase framework and tools to help IT leaders strengthen governance and align web priorities with organizational objectives.

ARLINGTON, Va., July 24, 2026 /CNW/ — Organizations continue to invest in digital platforms and web modernization efforts, but progress is often limited by unclear priorities, inconsistent ownership, and a lack of shared performance measures. New insights from Info-Tech Research Group indicate that without a clear understanding of web experience maturity and readiness, digital investments fail to translate into consistent and measurable outcomes. The global research and advisory firm’s recently published blueprint, Develop Your Web Experience Management Strategy, provides a structured five-phase methodology to assess current-state capabilities, define priority audiences and journeys, and build a practical roadmap for evolving the web ecosystem in alignment with organizational objectives.

“Web experience management has moved beyond basic websites to become a core driver of growth and engagement,” says Hriday Gulrajani, senior research analyst at Info-Tech Research Group. “CIOs and IT leaders need to align marketing, data, and technology teams under clear governance and a structured roadmap to deliver consistent, scalable digital experiences.”

Info-Tech’s blueprint shows that many organizations treat web modernization as a technology upgrade rather than a coordinated experience strategy. As a result, content operations remain decentralized, integration between core systems such as CMS, CRM, and analytics platforms is inconsistent, and governance responsibilities are not clearly defined. While capabilities such as personalization, automation, and advanced analytics offer opportunities to improve engagement and operational efficiency, organizations often lack a structured framework for prioritizing initiatives and measuring progress across the web ecosystem.

Key Challenges IT Leaders Face in Web Experience Management
Despite ongoing investment in digital platforms and experience initiatives, many organizations encounter structural and operational barriers that limit progress. Info-Tech’s research highlights several persistent challenges:

Content decisions are often made in silos, resulting in inconsistent messaging, fragmented governance, and unclear ownership across teams.Limited integration between CMS, CRM, analytics, and other core systems restricts visibility into user behavior and makes it difficult to measure and improve web experience performance.Legacy platforms and constrained architectures limit personalization, automation, accessibility, and multichannel delivery capabilities.Misalignment between marketing, IT, and data teams slows decision-making and weakens the organization’s ability to evolve its web ecosystem strategically.

Info-Tech’s Practical Framework for Web Experience Management
To address these challenges, Info-Tech recommends a structured five-phase approach that connects organizational strategy, customer experience priorities, and web execution. The Develop Your Web Experience Management Strategy blueprint outlines the following priorities for CIOs and IT leaders:

Phase 1: Define Vision & Success Criteria – Align WEM objectives to organizational strategy, define strategic outcomes, and establish experience KPIs to measure performance across digital touchpoints.

Phase 2: Assess Current State & Readiness – Use a web experience maturity model to evaluate capabilities across people, process, technology, and performance, and identify integration gaps and readiness risks.

Phase 3: Understand Audiences & Experience Priorities – Define priority personas, map end-to-end journeys, and translate organizational goals into structured web experience use cases prioritized by value and feasibility.

Phase 4: Architect & Govern the Ecosystem – Establish architecture principles, design the target-state WEM ecosystem, and define governance structures and operating models that clarify roles, ownership, and decision rights.

Phase 5: Launch, Communicate, & Measure – Develop a phased roadmap aligned to key value drivers, implement performance measurement frameworks, and enable continuous optimization across the web ecosystem.

Info-Tech’s Develop Your Web Experience Management Strategy blueprint is supported by a Web Experience Management Business Case Template and a Web Experience Initiatives Prioritization and Roadmap Planning Tool. These resources are designed to help CIOs and IT leaders build a clear case for modernization, prioritize initiatives based on value and feasibility, and develop phased roadmaps aligned to organizational objectives. By applying this framework and its supporting tools, organizations can strengthen governance, improve cross-functional alignment, and evolve their web ecosystem in a measurable and scalable way.

For exclusive and timely commentary from Info-Tech’s experts, including Hriday Gulrajani, and access to the complete Develop Your Web Experience Management Strategy blueprint, please contact pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading and fastest-growing research and advisory firms, serving over 30,000 IT, HR, and marketing professionals around the globe. As a trusted product and service leader, the company delivers unbiased, highly relevant research and industry-leading advisory support to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide everything they need, from actionable tools to expert guidance, ensuring they deliver measurable results for their organizations. 

To learn more about Info-Tech’s HR research and advisory services, visit McLean & Company, and for data-driven software buying insights and vendor evaluations, visit the firm’s SoftwareReviews platform. 

Media professionals can register for unrestricted access to research across IT, HR, and software, as well as hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X

View original content to download multimedia:https://www.prnewswire.com/news-releases/fragmented-web-strategies-leave-organizations-exposed-as-digital-expectations-rise-warns-info-tech-research-group-302834308.html

SOURCE Info-Tech Research Group

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains What to Know Before Choosing an Aluminum Fabrication Partner

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The article explains how an integrated fabrication process supports better quality, efficiency, and long-term project success.

ROCHESTER, N.Y., July 24, 2026 /PRNewswire/ — What should someone look for before selecting an aluminum fabrication partner who can guide a project from the first design sketch through final delivery? That question is answered in a HelloNation article featuring insights from Custom Fabrication Expert  Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that explains how the full aluminum production workflow shapes accuracy, consistency, and long-term reliability. The article shows why a clear understanding of each stage in the process helps people make informed decisions before committing to a fabrication partner.

The article begins by explaining that aluminum fabrication involves far more than cutting or welding. It describes how every project moves through a connected chain of design support, extrusion, machining, finishing, and logistics. Each step affects the next, and the article notes that the best results come from choosing an aluminum fabrication partner who keeps these stages aligned. By showing how coordination prevents errors, the article gives readers a practical way to evaluate a potential shop.

Early design support is a major focus of the article. It states that many projects benefit when design engineering is handled in-house because small adjustments to a profile can influence strength, weight, and final performance. The HelloNation article explains that an aluminum fabrication partner with internal design capabilities can review shapes before tooling begins, reducing the risk of delays caused by unrealistic or difficult-to-extrude features. This design stage sets the direction for everything that follows, making it one of the most valuable parts of the process.

The article also examines extrusion, which it calls one of the most specialized stages in aluminum manufacturing. It notes that some shops do not extrude their own material, which forces them to rely on outside mills. That structure can lead to longer schedules and more points of communication. By contrast, an aluminum fabrication partner with direct access to extrusion equipment can control die design, schedule production runs, and manage metal flow more precisely. The article explains that this control reduces variation between batches, which supports stable timelines and more predictable quality.

Machining receives detailed attention as well. The article states that accuracy depends on how well each machine is calibrated for the specific alloy and geometry involved. It describes how a fabricator who machines their own extrusions becomes familiar with how those profiles respond to different tool paths and cutting forces. This familiarity supports tighter tolerances and more dependable results. The article explains that when machining is outsourced, the receiving shop may not know the conditions under which the material was extruded or aged, which can cause small adjustments that affect uniformity across long runs.

Finishing is another important stage explored in the article. It explains how anodizing, powder coating, polishing, or protective layers interact with thickness and alloy. The article notes that when finishing is spread across multiple vendors, the project moves more often, which increases the chance for delays or inconsistency. An aluminum fabrication partner with integrated finishing services can keep color and coating texture more uniform while maintaining a tighter schedule.

Logistics also plays a key role in the article’s guidance. It highlights that aluminum profiles, especially long or delicate ones, require thoughtful packaging, palletizing, and freight planning. A shop with its own logistics team can reduce damage risks and speed up the time between manufacturing and delivery. The article explains that when logistics is outsourced, communication slows down and the chances of errors increase, making it harder to keep a project on schedule.

Tolerance control is another subject the article describes. It explains that aluminum reacts to heat, pressure, and machining forces in predictable ways only when the team understands how the material was formed at every stage. The article notes that when extrusion, aging, machining, and inspection all occur within one operation, teams can maintain a closed loop of information. This reduces the risk of dimensional issues and strengthens consistency from batch to batch.

As the article moves toward its conclusion, it emphasizes that choosing the right aluminum fabrication partner comes down to understanding how many stages the shop directly manages. When a partner controls design, extrusion, machining, finishing, and logistics, communication becomes clearer, and the workflow becomes more predictable. The article explains that this unified structure allows teams to adjust quickly because they understand every step of the operation.

The article ends by stating that dependable performance in aluminum work depends on how well each stage connects to the next. A strong aluminum fabrication partner is defined not by one capability but by how the entire process fits together. This guidance gives readers a practical way to evaluate potential partners and make decisions that support long-term project success.

What to Know Before Choosing an Aluminum Fabrication Partner features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-custom-fabrication-expert-mark-coyle-explains-what-to-know-before-choosing-an-aluminum-fabrication-partner-302834344.html

SOURCE HelloNation

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