CAE Inc. posts first-quarter profit drop, lowers growth outlook for fiscal year

CAE Inc. reported a loss of $110.6 million in its latest quarter and announced plans for a restructuring program that is expected to cost $100 million over the next 12 months. CAE corporate headquarters are shown in Montreal, Wednesday, Aug. 10, 2016. THE CANADIAN PRESS/Graham Hughes CAE Inc. reported a loss of $110.6 million in its latest quarter and announced plans for a restructuring program that is expected to cost $100 million over the next 12 months. CAE corporate headquarters are shown in Montreal, Wednesday, Aug. 10, 2016. THE CANADIAN PRESS/Graham Hughes

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WATCH LIVE | Ian makes landfall in southwest Florida as Category 4 hurricane

Hurricane Ian made landfall in southwest Florida near Cayo Costa on Wednesday as a catastrophic Category 4 storm. About 2.5 million people were ordered to evacuate southwest Florida before the storm hit the coast with maximum sustained winds of 150 mph (241 km/h).

This Satellite image provided by NASA on Sept. 26, 2022, shows Hurricane Ian pictured from the International Space Station just south of Cuba gaining strength and heading toward Florida. Hurricane Ian rapidly intensified off Florida's southwest coast Wednesday, Sept. 28, gaining top winds of 155 mph (250 kph), just shy of the most dangerous Category 5 status. (NASA via AP)