violetkaipa/123RF IE Staff Keywords ETFsCompanies Horizons ETFs Management (Canada) Inc. Related news Share this article and your comments with peers on social media Horizons expects Feb. 8, 2019 to be the last date on which a redemption request may be placed, and the ETFs are expected to be de-listed from the Toronto Stock Exchange (TSX) , at the close of business on or about Feb. 11, 2019.All units still held by investors will be subject to a mandatory redemption as of Feb. 14, 2019.Unitholders will be able sell their units in the normal course through the facilities of the TSX, up until the delisting date.Any remaining unitholders of the ETFs as at Feb. 14, 2019 will receive the net proceeds from the liquidation of the assets, less all liabilities and all expenses incurred in connection with the dissolution of the ETF, on a pro-rata basis. BMO InvestorLine launches commission-free trading for ETFs Toronto-based Horizons ETFs Management (Canada) Inc. that it will be terminating Horizons Global Currency Opportunities ETF (TSX: HGC) and Horizons Active Intl Developed Markets Equity ETF (TSX: HADM) effective at the close of business on Feb. 14, 2019, the company announced Friday.Effective immediately, no further direct subscriptions for units of the two ETFs will be accepted, Horizons says in a news release. Desjardins to close four ETFs Ninepoint launches three ETFs on NEO Facebook LinkedIn Twitter
123RF Banks are exposed to ESG risks both directly, through their own activities, and indirectly, through their loans and investments, Moody’s says.“For example, climate change may undermine the repayment capacity of borrowers in carbon-intensive or weather-dependent sectors, reducing both asset quality and profitability,” Moody’s says.The report also notes that ESG risk varies by market.For example, it says, the risk of misconduct litigation is greater in developed markets that have stricter consumer protection laws, while environmental risk is greater in developing countries.“ESG risks are not new, but they are becoming more significant for banks due to changes in regulations, government policy, social attitudes and market developments,” says Alberto Postigo, vice president and senior credit officer at Moody’s. Facebook LinkedIn Twitter James Langton Companies Moody’s Investors Service From financing polluting companies to their own employees’ misconduct, environmental, social and governance (ESG) risks are becoming increasingly significant for banks, Moody’s Investors Service says in a new report.The rating agency says that ESG risks are becoming more important to banks from a credit perspective, as these considerations can affect its assessment of asset quality, capital strength, profitability, liquidity and funding. Share this article and your comments with peers on social media
Laurentian Bank reports $53.1M profit in Q2, beats expectations Kingston, Ont.-based Empire Life Insurance Company reported mixed results for its second quarter earnings.On the positive side, Empire Life reported common shareholders’ net income of $48 million in Q2 as compared to $20 million in Q2 2019. For the year to date, however, common shareholders’ net income was $16 million, a steep decline from $63 million in 2019. Related news Keywords Earnings, InsuranceCompanies Empire Life Insurance Co. nonwarit/123RF “The low interest rate environment is a significant challenge for the life insurance industry,” said Mark Sylvia, president and chief executive officer, Empire Life, in a release. “We rely on fixed-income investments to build our reserves. Despite the impact we have seen on our investment income we are satisfied with our net income results in the second quarter.”Q2 earnings increased year-over-year primarily as a result of lower claim expenses in the company’s employee benefits line as well as favourable asset liability trading gains in the individual insurance line.The significant decline in year-to-date earnings was largely due to a significant increase in policy liabilities supporting segregated fund benefit guarantees, said the insurer.The company’s expected profit on in-force business increased by 11% for Q2 and by 10% on a year-to-date basis.The impact of new business saw a decline in the second quarter largely due to lower new business strain in the employee benefits line. (New business strain is the strain on the business created due to inadequate premium amounts in initial years.) Lower sales in 2020 meant that new business strain on the individual insurance line was nil in Q2 and negative on a year-to-date basis as compared to 2019.Sylvia also noted that Empire’s recent investments in technology have helped the company weather the Covid-19 crisis.“Our investments in technology enabled us to quickly pivot our business during the pandemic to ensure the safety of our employees and continue to provide superior service to our customers and their advisors,” Sylvia said. Canadian banks to focus on growth, spending and buybacks after strong second quarter Share this article and your comments with peers on social media Canaccord reports record revenues, drops proposal to acquire RF Capital IE Staff Facebook LinkedIn Twitter
See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Trending Videos Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2019 Chevrolet Corvette ZR-1 coupe ‹ Previous Next › RELATED TAGSChevroletCorvetteNews PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Users on a mid-engined Corvette forum recently uncovered the fact GM’s registering the “Zora” name via a search of worldwide patent databases. It’s not a guarantee it will show up on the C8-generation car, but it’s more than likely.GM has said next to nothing about the mid-engined ‘Vette, but prototypes have been spied testing and an unveiling next year or late this one is expected. Rumours are it will be powered by 6.2-litre 500-horsepower LT1 in base trim, with a 600-hp, twin-turbo 800-hp and hybrid 1,000-hp version also possible. advertisement Chevrolet could stick the name “Zora” somewhere on the upcoming mid-engine Corvette, according to internet speculation based on the revelation the company was trademarking the nameplate in several different markets, including the U.S., U.K., China and Australia.The name refers to GM engineer Zora Arkus-Duntov, who’s known as the “father of the Corvette,” largely for his impassioned plea to upper management to keep the sports car program alive when they almost killed it a few years after its 1953 debut.Duntov was a part of the Corvette development program from that year through to his retirement in 1975, and was a huge proponent of the concept of a mid-engined version. He went so far as to have a prototype, the XP-819, built in 1964. Trending in Canada COMMENTSSHARE YOUR THOUGHTS The Rolls-Royce Boat Tail may be the most expensive new car ever Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan”
Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Our campus and our nation are the middle of complex conversations about race, climate and identity in America stemming from recent events in Ferguson, Missouri. These conversations can increase our community members’ need for support and advocacy. We want you to know that there are many avenues available to discuss feelings, experiences and have support needs met. We encourage you to make use of the campus organizations that are here to assist you.Office of Victim Assistance (OVA) 303-492-8855 Free, confidential counseling, advocacy, information and referrals for ALL CU community members, students, staff, faculty and their significant others Specialize in life disruptive events, including, but not limited to crime, gender violence, grief, bias motivated incident, harassment and violenceCounseling and Psychological Services (CAPS) 303-492-6766 Free confidential counseling for CU students Walk-In hours are Monday – Friday, 10 a.m. – 4 p.m.Wardenburg’s Psychological Health and Psychiatry (PHP) 303-492-5654 A mental health clinic at Wardenburg Health Center A confidential place for students to come and talk about their concerns Fees may apply Faculty and Staff Assistance Program (FSAP) 303-492-3020 Free confidential counseling for CU staff and faculty Provides assistance to faculty and staff for personal or work-related concerns Also has groups and workshopsCultural Unity and Engagement Center (CUE) 303-492-5667 Multiculturally responsive programming to promote community building and mentorship opportunities across university affiliate groupings (student/staff/faculty) Manage bias motivated incidents involving students Diversity Consultations, Workshops, Trainings and Community Celebrations Foster inclusiveness and offer support and programming across multiple identities Student Support & Case Management (SSCM) 303-492-7348 A campus resource dedicated to assisting students who may be in distress or experiencing challenging or difficult life circumstances.Gay Lesbian Bisexual Transgender Queer (GLBTQ) Resource Center 303-492-1377 Provide skills to create a safer space for GLBT students within the university community Promotes leadership development for GLBT and ally students via student leadership retreats, workshops, and convening the Queer Student Leader Coalition. Provides information dissemination and referral; educational, cultural and social programming; advocacy and voice for the GLBT communityDisability Services 303-492-8671 Provide students with disabilities the tools, reasonable accommodations and support services to participate fully in the academic environment. Learn self-advocacy and create a network of resources.International Student and Scholar Services (ISSS) 303-492-8057 Institutional responsibility for international students once they are admitted to CU Help answer questions concerning their legal status or other issues pertinent to their stay at CUVeteran Services 303-492-7322 Provide a key point of contact for information for the veteran/military community Establish and operate an informal veterans support group Assist in the transition from the military to campus lifeWomen’s Resource Center (WRC) 303-492-5713 A supportive, women-centered space where students, faculty, staff and community can hang out, network, build community, and gain strength from one another Staff and volunteers engage in policy work to improve women’s equity on campus, dedicated to providing information and assistance in order to improve women’s ability to self-advocate Published: Dec. 2, 2014
Downloads Wind Farm Study CUT 4 Wind Farm Study CUT 2 Published: Nov. 25, 2018 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Wind Farm Study CUT 1 As onshore and offshore wind energy farms have proliferated globally in recent years, new research led by CU Boulder highlights a previously underexplored consequence: a wake effect from upwind wind farms that can reduce the energy production of their downwind neighbors, says CU Boulder economist and co-author of the study, Danial Kaffine. Wind Farm Study CUT 3 Wind Farm Study Script
AdvertisementTUALATIN, OR – May 9, 2018 – Union Wine Company owner Ryan Harms is proud to announce three additions to the company’s sales team. The Oregon winery has named Adam Coremin as Vice President of Sales, and Shannon McGill and Brian Altomari as Northeast Regional Manager and Midwest Regional Manager respectively.“Adam’s leadership and experience equips our sales team with the tools it needs to meet aggressive new sales goals, improve support for our distributor partners and increase availability for our customers” said Harms. “The additions of Shannon and Brian will further strengthen our sales team and help us accomplish these objectives with their incredible industry knowledge and acumen. We are very excited to see the direction in which our sales team is growing.”As Vice President of Sales, Adam Coremin is dedicated to developing long-term partnerships and bridging innovation and strategic development. In his most recent role as Senior Vice President at Precept Wine, Coremin helped take the company from a Top 30 to a Top 15 US wine company. During his time at Michael David Winery, Coremin had first-hand experience building a brand using guerilla tactics. Coremin received a Master of Business Administration from Wake Forest University and is a Subject Matter Expert for Tasting Panel Magazine, Sommelier Journal and Wine Crush Radio. He is also a Certified Specialist of Wine for the Society of Wine Educators and holds a Sommelier Diploma from the International Sommelier Guild. Shannon McGill joins Union with over 16 years of experience in the wine industry. As Northeast Regional Manager, McGill will oversee sales and distributor management in the New England states. McGill most recently served as Vice President of Northeast and Midwest Sales for Evaton where she led a team of five Area Managers and launched four new brands. Throughout her career, McGill has worked with established companies including Michael David Winery, Terlato Wines International, Dendor Wine Management and Remy Cointreau. McGill holds a Master of Business Administration from University of Connecticut and is a Certified Specialist of Wine for the Society of Wine Educators.Brian Altomari has over 11 years of sales experience in the Midwest region with organizations including J. Lohr Vineyards & Wines, Treasury Wine Estates and Southern Wine and Spirits. Altomari comes from Hundred Acre Wine Group where he was the Midwest Region Sales Manager. While there, Altomari secured major placements on high-profile accounts including Smith & Wollensky, RPM Steak and Jeff Ruby’s. He also brings considerable experience in creating price, program and deal structures to maximize points of distribution and case volume.These new hires bring Union’s regional sales managers from five to six under Coremin’s leadership. With the team now complete and a new 43,000 square foot packaging facility launching this month, Union is positioned for significant growth in 2018.About Union Wine CompanyFounded in 2005, Union Wine Company embraces the artistry of making great wine, minus all the fuss. Unwilling to sacrifice taste or value, Union’s founder and owner Ryan Harms challenges his team to balance tradition with the latest technology, crafting exceptional Oregon wines at affordable prices. Union’s three wine series, Underwood, Kings Ridge and Alchemist, all capture the spirit of Oregon in a way you can put on your table every day. For more information on Union Wine Co. visit www.unionwinecompany.comUnion Wine Company Social Media LinksFacebook: https://www.facebook.com/unionwinecompanyInstagram: http://instagram.com/unionwinecompany Twitter: https://twitter.com/unionwineAdvertisement Email TAGSAdam CoreminBrian AltomaripeopleShannon McGillUnion Wine Company Twitter Share ReddIt Linkedin Facebook Home Industry News Releases Union Wine Company Expands Sales Team with New Vice President and Regional…Industry News ReleasesWine BusinessUnion Wine Company Expands Sales Team with New Vice President and Regional ManagersBy Press Release – May 10, 2018 163 0 Pinterest Previous articleLula Cellars of Anderson Valley Introduces 2016 and 2017 ReleasesNext articleRoyal Wine Presents Outstanding New Rosé at Exceptional Value Press Release
DUBLIN, Ohio – With every swing, Hideki Matsuyama appeared to join a cast of top players throwing away a chance to win the Memorial. A tee shot in the water on the 16th for double bogey. An approach over the back of the green on the 17th that led to bogey. And then a drive to the right that made the Japanese star so disgusted that he lightly slammed his club into the turf, and the head of the driver broke off. The ball hit a tree and took one last bounce back into the fairway, and Matsuyama seized on the break. He took dead aim with a 7-iron to just outside 5 feet for birdie on the 18th hole to force a playoff with Kevin Na, and then won for the first time in America with a 10-foot par putt on the first extra hole. ”Right from the 15th hole, I had a lot of missed shots,” Matsuyama said. ”The double bogey at 16, bogey at 17, not a real good tee shot – I thought – at 18. But when I saw the ball on the fairway on the 18th hole there, that’s when I was able to think I still have a chance.” The 22-year-old Matsuyama earned validation as one of the game’s bright young stars Sunday by closing with a 3-under 69 and making two clutch putts on the 18th hole for his sixth career victory, the previous five on the Japan Golf Tour. This was his first win against a field of the world’s top players. ”I just think you’ve just seen the start of what’s going to be truly one of your world’s great players over the next 10 to 15 years,” tournament host Jack Nicklaus said. Memorial Tournament: Articles, videos and photos Nicklaus spent much of the back nine in the broadcast booth, and it was a brand of golf that was unfamiliar to golf’s greatest champion. The Memorial became only the latest event where proven players faltered badly. Masters champion Bubba Watson had a one-shot lead with five holes to play. He was 3 over the rest of the way. Adam Scott, the No. 1 player in the world, was tied for the lead until playing the last seven holes in 4 over. ”The whole thing is frustrating as I stand here right now,” Scott said after his 71. ”But everyone is going to feel like that. We all could have done something different. If we all did, who knows what the result would be?” Scott fell apart by hitting one shot into the water, taking two shots to get out of a bunker and losing all hope when his third shot to the par-5 15th hit the pin and caromed back into the fairway, leading to a bogey. Watson dropped three shots by hooking two tee shots. The most damaging was his drive on the 15th that was so high, so powerful and so far right that it cleared the trees and went into a neighborhood, leading to a double bogey. Needing a birdie on the 18th, his shot looked good until it took one small hop and stayed in the rough. A few inches closer and it would have fed down the slope for a short birdie chance. He closed with a 72 and finished third, moving him to No. 3 in the world ahead of the injured Tiger Woods. ”It’s tough,” Watson said, who was going for his third win of the year. ”I made one bad decision. If I hit 4-wood off the tee instead of driver on the par 5, we make 5 and we win by one. But I made double, so we lost by one.” Na finished his round of 64 about two hours earlier. He was in the clubhouse at Muirfield Village, leaning against two pillows on a sofa as he watched the calamity unfold, even joking he might win by not hitting another shot. Thanks to Matsuyama, he had to. And it wasn’t pretty. Na hooked his tee shot on the 18th in the playoff, and it went into the creek. He still had 10 feet for bogey when Matsuyama made the winning putt. Na did not speak to reporters. A PGA Tour official tracked him down in the parking lot, and he gave credit to Matsuyama for making a great putt. Adding to the bizarre ending was how Matsuyama played the extra hole. It was not an angry slam of the driver after his tee shot on the 18th in regulation, and he was shocked to see the head fall off. He could have replaced the club because the playoff is not considered part of the round, but he had no replacement. Instead, he went with 3-wood off the tee in the playoff, and it went into the front bunker. He hooked his 5-iron, hitting a spectator in the knee left of the green, and hit a flop shot safely to 10 feet. It was the first par he made on the 18th hole all week. Matsuyama became the first player to make birdie on the closing hole at Muirfield Village four straight rounds. ”To win my first PGA Tour event is enough,” Matsuyama said. ”But to win it here at Mr. Nicklaus’ course, it really gives me a lot of confidence now going on. And hopefully, I’ll be able to use this week as a stepping stone to further my career.” Matsuyama became the fourth Japanese player to win on the PGA Tour, the most recent being Ryuji Imada in the 2008 AT&T Classic. The Memorial, even with Woods out with a back injury, featured the strongest field of the year outside the Masters, World Golf Championships and The Players Championship.
Email Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Some nine decades ago Frank Linderman would gather his notes and family and sit back in his favorite chair. Lit by kerosene lantern, Linderman would read aloud his latest writings, sitting near the long picture window overlooking Goose Bay. Linderman is long since gone, but his work remains an important record of Montana history, much of which became the basis of his many books and articles focused on the history of Montana’s American Indian tribes, according to his granddaughter Sally Hatfield. Linderman came to Montana in the late 1800s and was a historian, writer and ethnographer who built a massive log home overlooking Goose Bay near Lakeside in 1917. “They’d saw a broad axe to level logs and teams of horses would haul them up. It’s amazing to think of,” Hatfield, who owns the house with her husband, said. And inside that house has sat an old recliner. Made of stained oak and covered with olive green leather, Hatfield said the chair has been a part of the house since it was first built. It has also borne witness to some of the history that occurred there, including many visits by Linderman’s friend, artist Charles Russell. Both men were instrumental in telling the story of Montana’s native people through both words and paintings, often collaborating on projects. “They cataloged and recorded the history of Montana and the Native Americans for prosperity,” said Sharon McGowan, of the C. M. Russell Museum in Great Falls. “They were both forward thinking men … by preserving the past.” Now, Linderman’s granddaughter is involved with preserving a piece of her own past. For years, Linderman’s oak recliner had sat in need of repair, held together with only wire. Finally, Hatfield and her husband have decided to repair the old chair, and to do so they enlisted the help of Dennis Swensgard. Swensgard, a retired shop teacher in Kalispell, had never worked on a restoration project, yet was interested in the chair’s history. “I thought it was a good project to be involved with,” he said. A week ago Swensgard picked up the chair and brought it to his home shop, where he disassembled and cleaned the vintage pieces before re-gluing them together. Now that it has been returned to the Linderman home, Hatfield said they will start looking for someone to refurbish the leather covering of the chair, upholstered somewhere around the turn of the century. The couple is glad the chair is well on its way to being properly restored, maintaining it as a physical reminder of both Linderman and Russell’s legacy. “They were just two of a kind,” Hatfield said. “They were both saving a picture of the fading frontier.”
By Mike Wackett 11/06/2014 The extent of the decline in containership time charter hire rates in the past 10 years has been highlighted again with the sub-let of a trio of surplus panamax ships by APL, the loss-making container arm of Singapore’s Neptune Orient Lines.According to analyst Alphaliner’s latest charter market report, P3 members MSC and CMA CGM have taken advantage of the depressed market and sub-chartered the 4,700teu sister ships APL Atlanta, APL Los Angeles and APL Denver for 11 months, with a two-month option, at a low daily hire rate of $6,350.APL signed a 12-year charter party with German shipowner Hanseatic Lloyd to commence on delivery when the ships – along with a fourth sister vessel – were ordered from a Chinese yard in 2004.On commencement of the charters to APL in 2008, the daily hire rate of $27,500 was slightly below market, but after the financial crash stymied global trade, charter rates for containerships plummeted. There was a brief recovery in 2010 to release pent-up demand after inventory levels became dangerously low, but charter rates were back in steep decline a year later, following a spate of overzealous ordering.APL’s financial officers must still wince at the sub-let deals, which sees the carrier still having to find nearly $8m per year per ship in charter hire – albeit that the sub-lets to MSC and CMA CGM are saving it $2.3m per unit.For APL, with another six years of the time charters to run, mitigating its loss by sub-letting was the only sensible option – laying up the ships would have added $30m in charter hire to the cost of the carrier’s operations.Of course, APL is not the only ocean carrier paying considerably more for its long-term charters than the rate available in today’s market. Being unable to compensate for falling freight rates by reducing charter hire costs is a constant thorn in the side of global container lines operating fixed-rate charter ships as they struggle to emerge from the red.For example, CMA CGM has several panamax ships on long-term charter from vessel owner Global Ship Lease, paying considerably more than the current rate, although the French carrier does have a significant stake in GSL which makes the differential easier to bear.Providing vessels are kept employed, the rate of daily hire remains a paper cost to most carriers and is not crystallised, but the current bout of cascading caused by a flood of ultra-large containerships being deployed onto the Asia-Europe tradelane is exposing the degree of charter rate erosion.Even though the value of their ships will have depreciated considerably along with market charter rates, containership owners that fixed long-term charters with blue-chip ocean carriers are insulated from the freight rate volatility across the tradelanes of the world.Moreover, owners can take comfort that, rare exceptions aside, the signing of a charter party is still regarded as sacrosanct in the shipping world.