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CC&L deepens executive leadership team

Share this article and your comments with peers on social media Toronto-based Connor, Clark & Lunn Financial Group has announced changes in personnel affecting the leadership of its high net worth and institutional businesses. Bruce Shewfelt, currently head of institutional sales at CC&L Financial Group, has joined Connor, Clark & Lunn Private Capital as CEO and becomes part of a three-person management team which includes Corey MacEachern (president) and Jeff Guise (chief investment officer). CI GAM names its first-ever head of investment management PenderFund names new SVP for investments Keywords AppointmentsCompanies Connor Clark & Lunn Financial Group Ltd., Clark & Lunn Financial Group Tim Griffin, who currently leads CC&L Private Capital, assumes the role of executive chairman. “Bruce has done an exceptional job leading CC&L Financial Group’s institutional sales efforts over the past ten years,” said Griffin, in a release. “With the addition of Bruce to our executive team, we are fortunate to have such strong leadership in place as we continue our efforts to grow our business by delivering a high level of service to our clients and their advisors.” CC&L also announced that Brent Wilkins has joined CC&L Financial Group as head of institutional sales. Wilkins has 19 years of industry experience and was most recently managing director and head of SEI Canada. CC&L is a multi-boutique asset management company that provides a broad range of investment products and services to institutional, high net worth and retail investors. The firm and its affiliate companies are collectively responsible for the management of over $44 billion in assets. TD getting new head of private wealth, financial planning IE Staff Related news Facebook LinkedIn Twitter read more

OSC approves settlement with former IR exec

first_img The Ontario Securities Commission (OSC) has settled insider trading allegations with a former investor relations executive, accused of trading on information from her husband, who was also a mining industry executive. The OSC said Thursday it has approved a settlement with Constance Anderson, who worked in investor relations at junior miner Starfield Resources Inc., resolving allegations that she engaged in two episodes of insider trading. Share this article and your comments with peers on social media SEC alleges man sold insider trading tips on dark web FINRA bans analyst for insider trading According to the settlement, Anderson was married to Starfield’s president and CEO, who was also a director at Osisko Mining Corp. The commission alleged that she traded with knowledge of a possible takeover bid for Brett Resources Inc. by Osisko back in 2010, and that she traded in the shares of another firm, Excellon Resources Inc., with knowledge that her husband was about to be appointed its new CEO. In total, the commission alleged that she made a combined profit of $18,770 with these trades. The deal notes that “Anderson does not have a precise recollection of the circumstances that led her to purchase the Brett shares … ,” but that she admits that “it can be concluded she must have known and did know the material fact that Osisko was proposing to acquire Brett and purchased Brett shares in her account and her daughter’s account with that knowledge.” Under the settlement, Anderson is permanently banned from trading, registration, and acting as a director or officer; subject to certain exceptions. She is also required to disgorge the $18,770 in profit she made through the trading in question, and to pay an administrative penalty of $18,770, along with $10,000 in costs. Anderson agreed to settle the allegations, resolving the case. The OSC approved the settlement on the condition that she pay the monetary sanctions before the hearing to approve the deal. Related newscenter_img ASIC ready to make deals with devils James Langton Keywords Insider tradingCompanies Ontario Securities Commission Facebook LinkedIn Twitterlast_img read more

Banking regulator makes changes to stress test for mortgages

first_img OSFI proposes new stress test for uninsured mortgages Facebook LinkedIn Twitter The minimum qualifying rate is currently the greater of the borrower’s contract rate or the Bank of Canada five-year benchmark mortgage rate — which in effect usually means the homebuyer has to qualify at the central bank’s rate.That’s because the central bank’s rate, which is based on the posted rates at the Big Six banks, has typically been about 2% higher than the average five-year fixed contract rate for insured mortgages.The rate change follows a recent review by federal financial agencies, and will allow the minimum qualifying rate to be “more representative of the mortgage rates offered by lenders and more responsive to market conditions,” the finance department said in a release.The Office of the Superintendent of Financial Institutions (OSFI) is considering using the same new stress test rate for uninsured mortgages (those with down payments of 20% or more).OSFI has been using a minimum qualifying rate of the greater of the lender rate plus 2%, or the five-year benchmark rate published by the Bank of Canada.OSFI, which is consulting with stakeholders, has proposed that it will also adopt the new benchmark rate on April 6 to coincide with the changes for insured mortgages. Keywords MortgagesCompanies Office of the Superintendent of Financial Institutions Give mortgage borrowers a break, FCA says female homebuyer shakes hand with real estate agent in office seoterra/123RF Mortgage stress tests working, OSFI maintains Share this article and your comments with peers on social media IE staff, with files from Canadian Press Related news The federal government is changing the stress test rate for insured mortgages starting April 6.The new minimum qualifying rate will be the greater of the borrower’s contract rate or the weekly median five-year fixed insured mortgage rate from mortgage insurance applications, plus 2%. (Insured mortgages are those in which the borrower has less than a 20% down payment. They’ve been subject to the stress test since 2016.) last_img read more

Challenges Exist in Treating Haemophiliacs

first_imgChallenges Exist in Treating Haemophiliacs UncategorizedApril 10, 2006 RelatedChallenges Exist in Treating Haemophiliacs FacebookTwitterWhatsAppEmail Chairman of the Jamaica Haemophilia Committee, Dr. Gillian Wharfe, has said that challenges exist in treating haemophiliacs in the country.Speaking with JIS News, Dr. Wharfe said that the on and off shortage of blood has affected the treatment of patients. “You have persons, who may recognise that they have a bleed and they call in for help and we have nothing to offer them on some occasions,” she said.“The ideal situation would be to purchase the commercially prepared clotting factor concentrate and we are unable to afford that at this point in time,” Dr. Wharfe added.Haemophilia is an inherited bleeding disorder that is due to the absence or reduced amount of a particular clotting factor.Usually the condition, which only affects males, is diagnosed in the first year of life and if not properly treated, persons may die before age 19 years. Those who survive, even when not treated adequately, live in considerable pain, suffer disabilities and are isolated.Dr. Wharfe explained that elsewhere in the world, especially in more developed countries, children with severe haemophilia are treated even before they have a bleed in order to prevent such an occurrence.“I know it is a small group of persons that have the condition in Jamaica and it is fairly expensive to treat, so in a country where there is limited resources, I am aware the money will be spent to treat a large group of people, with another conditions,” she said.In Jamaica it is reported that 300 persons are living with the condition. “We only see a small number of these persons and they only come to us at the time when they have a bleeding episode,” Dr. Wharfe pointed out.She was speaking within the context of World Haemophilia Day, which is observed worldwide on April 17, but will be observed tomorrow (April 11) in Jamaica. The theme for this year is: ‘Treatment for all’.“Our goal is to try to encourage all persons with bleeding disorders to have access to safe and effective treatment, because as yet, there is no cure for these bleeding disorders,” Dr. Wharfe noted.As part of the day’s observance, a special display will be mounted at the University Hospital of the West Indies. Dr. Wharfe said that the activity was organised to educate people about haemophilia and to encourage people to understand the condition, so that they in turn, can educate others at their institutions and schools.“People need to know the kind of problems that children with the condition have and eventually if they live to adulthood, what kinds of problems they would have as adults, in terms of bleeding complications,” she pointed out.It is estimated that there are 400,000 people affected worldwide by the bleeding disorder, with some 75 per cent of them undiagnosed and untreated. RelatedChallenges Exist in Treating Haemophiliacscenter_img RelatedChallenges Exist in Treating Haemophiliacs Advertisementslast_img read more

Beautification Programme to be Intensified

first_imgAdvertisements Beautification Programme to be Intensified UncategorizedJanuary 23, 2007 RelatedBeautification Programme to be Intensified RelatedBeautification Programme to be Intensifiedcenter_img RelatedBeautification Programme to be Intensified FacebookTwitterWhatsAppEmail Minister of Information and Development, Donald Buchanan has said that the islandwide beautification campaign would be intensified and special attention would be given to areas near Sabina Park in Kingston, where a number of Cricket World Cup (CWC) matches would be played in March of this year.“There is going to be an intensification of the projects in certain corridors, particularly the environs of Sabina Park, the area of the Victoria Craft Market into Jones Town and the area between Mountain View and Camp Road,” the Minister said. He was speaking at the weekly post-Cabinet press briefing held at Jamaica House yesterday (January 22).The Minister pointed out that the programme was not only taking place in Kingston, but also in rural areas, such as the Mineral Heights round-about in Clarendon; Black River, St. Elizabeth; and Ewarton, St. Catherine, among others.The beautification programme, which is being carried out by the Ministry of Local Government and the Environment, involves the bushing and removal of derelict structures, which is the responsibility of the National Solid Waste Management Authority, and road works, which falls under the National Works Agency.To date, some 356 of the 1,097 proposals received for projects under the $600 million beautification programme, have been selected and approved for implementation.last_img read more

Scrap Metal Exports Suspended

first_imgScrap Metal Exports Suspended UncategorizedJune 12, 2008 RelatedScrap Metal Exports Suspended RelatedScrap Metal Exports Suspended RelatedScrap Metal Exports Suspendedcenter_img FacebookTwitterWhatsAppEmail Minister of Industry, Investment and Commerce, Karl Samuda, has signed a Ministerial Order prohibiting the export of scrap metal until further notice.The Minister, in a statement to the House of Representatives yesterday (June 10), said that this action had become necessary as a result of “illegal activities that now pose a major threat to the economic development of the country and the disruption of essential services.”He said that containers that had been sealed and entered for export, will be allowed to be exported after they have been thoroughly checked by Customs, and certified to be clear of any stolen metals.“Shipments will not resume until all approved sites have been carefully checked and certified free of any stolen metals. Documentation, as prescribed in the (Scrap Metal) Regulations, will also be assessed in order to establish the legitimacy of ownership,” the Minister said.He also informed that the Ministry will be amending the Regulations, to provide for stricter penalties to be applied in cases of breaches in addition to introducing new measures that will protect the industry against unscrupulous persons.“We will also be establishing central sites for the packaging of containers where proper inspection can be guaranteed and where Customs Officers can feel safe to discharge their functions free from intimidation,” Mr. Samuda said.He said the Ministry will act with “alacrity on these issues and I will keep members of the House informed on developments in the scrap metal sector.”The Government, last year, introduced regulations for the sector, due to the alarming increase in the theft of metals, including those that support the country’s infrastructure.According to figures provided by the Jamaica Exporters’ Association, scrap metal exports moved from US$13.3 million in 2005 to US$99.58 million in 2006, registering an increase of more than 600 per cent in one year. Advertisementslast_img read more

Piano for Dreamers: Expanding horizons 88 keys at a time

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Nov. 14, 2016 Any successful teacher will tell you he or she could not do the job well without empathy. Understanding the “why” behind students’ struggles is the first step in helping them overcome challenges and truly learn, a lesson that has really begun to hit home for Robert Hjelmstad and the other College of Music students taking part in the Piano for Dreamers program.”I’ve taught for eight years now in different settings. But whenever I teach kids who wouldn’t have access to music under normal circumstances, I’m not only sharing the joy of music but of something they’ve been excluded from. Teaching a different population gives me more tools in my arsenal as a teacher.”Hjelmstad is the doctoral student instructor for Piano for Dreamers, a program started last year by Associate Professor of Piano Pedagogy Alejandro Cremaschi. With help from a grant from the university Office of Outreach and Engagement, Piano for Dreamers partners with the Boulder County chapter of the “I Have a Dream” Foundation to offer a no-cost weekly piano class to low-income elementary school students.“Research shows that kids who learn music at a young age have higher grades and stay in school,” Cremaschi says. “This is opening up new possibilities for children who might not be able to afford lessons otherwise.”This year’s class, a group of 12 fifth graders from Longmont, includes some returning students from last year. The “I Have a Dream” Foundation’s model places the same coordinator with the same cohort of students from kindergarten through high school.The goal of the classes is to provide an introduction to reading music and playing the piano, as well as music theory and music history. During class time, Hjelmstad and his undergraduate student assistant, senior Abby Hesse, work with students on rhythm, sight reading, improvisation and ensemble playing.Though the university grant allowed Piano for Dreamers to purchase keyboards for the students to take home, Cremaschi says they often do not practice on their own—making in-class instruction all the more important.Cremaschi explains, “They don’t have as much time to practice because maybe their parents are working several jobs, so we found that some of our regular methods weren’t working as well. We had to tailor the teaching to meet them where they were and create activities that would reinforce and revisit concepts.”Hjelmstad, who has taught in programs like this before, says that once he changed his expectations—starting with clapping rhythms instead of pushing keys—it clicked.“Method books that we use to teach piano are progressively graded, so I had to throw that out the window, because these kids aren’t going home and practicing after lessons. All that’s done in the classroom.”“I started playing piano when I was 7, and my dad played piano, too, so he was there to steer me in the right direction,” Hjelmstad says. “[The Piano for Dreamers students] are playing some of the same pieces I used to play, but they bussed 45 minutes to get here and play for 50 minutes a week with 10 other kids. It’s so much harder—but they’re still doing it.”Cremaschi—one-time chair of the College of Music’s diversity committee and winner of the 2015 Faculty Award for Equity and Excellence from the Office of Outreach and Engagement—says the weekly class is eye opening for both teacher and student.“Many of the children are minority students, often Hispanic,” he says. “We need more of an awareness in the college of things we could do with populations we haven’t served in the past. The concert we did last year with El Sistema at Boettcher is an example of the benefit of that outreach.”Adds Hjelmstad, “There are a lot of lessons to be learned about sticking with something and determination. We deal with some frustration in there. But by the end of the semester, the students feel like they’ve accomplished something, and that’s great to experience.”And as Cremaschi looks toward expanding Piano for Dreamers in the future, he says he hopes his colleagues will follow his lead.“It’s not just the right thing to do for the community, it helps open up new teaching possibilities for our students. In terms of instrumental pedagogy, I hope my colleagues understand that serving pre-college kids is helpful for our students as well.”For more information about Piano for Dreamers, visit the Office of Outreach and Engagement website.Categories:Education & OutreachNews Headlineslast_img read more

Unified Symposium Reshuffles Program to Prioritize Wildfire Smoke Discussion

first_imgHome Industry News Releases Unified Symposium Reshuffles Program to Prioritize Wildfire Smoke DiscussionIndustry News ReleasesWine BusinessUnified Symposium Reshuffles Program to Prioritize Wildfire Smoke DiscussionBy Press Release – October 27, 2020 415 0 TAGSUnified Symposium Share Twitter Facebook ReddIt AdvertisementSACRAMENTO, Calif., October 26, 2020 – In response to the industry’s need for answers and solutions to the regular occurrence of seasonal wildfires in the West, the 2021 Unified Wine & Grape Symposium will launch its event on Tuesday, January 26, 2021, with a comprehensive discussion of the many issues related to wildfire smoke events and winegrowing.With nearly two hours of presentations by leading experts on the potential effects of smoke on grape and wine quality, this special opening session will delve deeply into the many complex issues challenging growers and wineries.“During the last four years, we’ve been dealing with smoke exposure in California. It’s evident to our entire program committee that we need to address this issue comprehensively, responsibly and with the level of leadership needed to find a solution,” said Mike Boer of Grow West, the 2021 UW&GS Program Development Committee co-chair. “The Unified Symposium was created as the one place where the industry can pull its collective expertise and power together to tackle challenges like this.”Built with the joint input of growers, vintners and allied industry members, the Unified Symposium has served as a clearinghouse of information important to wine and grape industry professionals for 26 years. The Unified Symposium also hosts the industry’s largest trade show of its kind. The virtual trade show will host several hundred vendors showcasing their products and services. Registration for the 2021 Unified Symposium will open on Tuesday, November 3, at 9 a.m. PST. For more information and to register, visit Previous articleNew Distributor Onboarded at Columbus Wine and SpiritsNext articleRegistration for the 2021 Virtual Unified Wine & Grape Symposium Opens November 3 Press Release Linkedin Email Pinterestlast_img read more

Dr. Chang Undergoes Surgery after Accident

first_imgDr. Chang Undergoes Surgery after Accident EnvironmentSeptember 29, 2011 By Balford Henry, JIS Reporter & Editor RelatedDr. Chang Undergoes Surgery after Accident RelatedDr. Chang Undergoes Surgery after Accident Advertisements FacebookTwitterWhatsAppEmail KINGSTON — Minister of Housing, Environment and Water, Hon Dr. Horace Chang, underwent surgery last night at the University Hospital of the West Indies (UHWI), Mona, where was admitted with a broken shoulder following a motor vehicle accident in St. Catherine, Wednesday (September 28). Doctors performed x-rays Wednesday to determine the extent of his injuries, and decided last night that he would need to undergo surgery. But, Minister of Youth, Sports and Culture, the Hon Olivia Grange, who confirmed the report of his surgery, told JIS News that his injuries were not life threatening. The accident, which also involved his wife, Paulette, and his driver, Herbert Gayle, occurred on the Dyke Road in St. Catherine, while the Changs were on their way to the funeral for Enid Golding, mother of Prime Minister, the Hon Bruce Golding. Mrs. Chang and Mr. Gayle were treated and released from hospital. Eyewitness reported that Dr. Chang’s vehicle was travelling north on the Dyke Road, when it hit a Suzuki motorcar travelling from Passage Fort Drive, which was turned onto the road, before overturning and landing in a gully. The driver of the Suzuki was admitted to the Spanish Town Hospital. Miss Grange said that both Dr. Chang’s cabinet and Jamaica Labour Party (JLP) colleagues were keeping an eye on the developments, and hoping for a speedy recovery. “We suspect that the injury may force him out of circulation for a short while, and we regret what has happened, but we are glad that his injuries were not life threatening and he will soon be able to resume duties. It could have been a lot worse,” Miss Grange said. Dr. Chang has been Minister of Water and Housing since the current administration took office in 2007. He also represents the constituency of North West St. James in the House of Representatives. RelatedDr. Chang Undergoes Surgery after Accidentlast_img read more

$1B Groundwater System for Innswood, St. Catherine

first_imgStory HighlightsThe National Water Commission (NWC) will undertake development of a $1 billion artificial groundwater system at Innswood, St. Catherine.The system will better enable the NWC to protect and sustain potable water supply resources in the Kingston Metropolitan Area and St. Catherine.A contract to build the facility was signed during a brief ceremony at the NWC’s corporate offices in New Kingston on July 18. FacebookTwitterWhatsAppEmail $1B Groundwater System for Innswood, St. Catherine EnvironmentJuly 21, 2014Written by: Alecia Smith-Edwards RelatedWater to be Trucked to All Areas of St. Elizabeth RelatedJamaica Learns Strategies in Building Climate Change Resilience $1B Groundwater System for Innswood, St. CatherineJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlaycenter_img Photo: JIS PhotographerWater, Land, Environment and Climate Change Minister, Hon. Robert Pickersgill (left), signs a copy of the $1 billion contract for contstruction of an artificial groundwater recharge system at Innswood, St. Catherine, during a signing ceremony at the National Water Commission’s (NWC) corporate offices in New Kingston on July 18. Looking on is Inter-American Development Bank (IDB) Country Representative in Jamaica, Therese Turner-Jones. The IDB is funding the project, being implemented by the NWC, which is expected to significantly improve the efficiency, quality, and sustainability of potable water supply sources serving the Kingston Metropolitan Area and St. Catherine. RelatedFarmers Benefiting from Climate Change Training The National Water Commission (NWC) will undertake development of a $1 billion artificial groundwater system at Innswood, St. Catherine.The system will better enable the NWC to protect and sustain potable water supply resources in the Kingston Metropolitan Area and St. Catherine.A contract to build the facility was signed during a brief ceremony at the NWC’s corporate offices in New Kingston on July 18.Among the signatories were: Water, Land, Environment, and Climate Change Minister, Hon. Robert Pickersgill; Jamaica Country Representative for the Inter-American Development Bank (IDB), which is funding the development, Therese Turner-Jones; Managing Director of the engineering firm, M and M Jamaica Limited, which will construct the facility, Don Mullings; and Managing Director of the project’s supervising agency, Rural Water Supply Limited, Audley Thompson.The groundwater recharge project, being implemented over 15months, involves installation of infrastructure to increase and improve groundwater quantity and quality in the Lower Rio Cobre Limestone Aquifer of the St. Catherine plains.This will be undertaken by treating and discharging surplus surface water into sinkholes and infiltration wells, in order to sustain the process of extracting water from wells located in areas north-west of the parish capital, Spanish Town.The project, which is slated to begin shortly, entails: construction of a raw-water intake structure and facility capable of treating eight million gallons per day, as well as inlet structures to two infiltration wells and three sinkholes; and installation of 2.1 km of pipelinesAn artificial aquifer or groundwater recharge entails the process of introducing and storing excess water in an underground aquifer, thereby making abstraction more sustainable.The quality of the water is improved by measures such as decreasing water salinity by recharging the aquifer with better quality water.In his remarks the signing, Mr. Pickersgill underscored the project’s timeliness in light of decreases in the average level of inflows into a number of water systems due to the prevailing drought, particularly in the regions to benefit.This, he said, means “we cannot rely solely on surface water to supply the needs of our growing population.”“It is my understanding that the sections of the country that are served by groundwater are far better off in the present drought situation than the areas served primarily by surface water. And so, this aquifer recharge project is absolutely vital to the water security of St. Catherine and to the Kingston Metropolitan Area,” he said.Mr. Pickersgill explained that the treatment facility will treat the raw water from the Old Harbour branch of the irrigation canal through a series of settling basins which will remove sediments, pollutants, and other particles.This, he said, will ensure that the water is of good quality before recharging the aquifer through the series of sink holes and deep-wells.The Minister further noted that the project’s implementation will provide several anticipated benefits, including the potential for an increase in revenue from the additional water available to supply customers.Mr. Pickersgill stressed that access to safe, potable water is critical to the health and well-being of Jamaicans, as well as achievement of the country’s sustainable development goals, and the overarching objectives of the Vision 2030 – National Development Plan. “Within the context of the challenges experienced in many parts of the country with the drought conditions, water supply projects like this artificial aquifer, or groundwater recharge, are critical to the development of our communities and our nation,” the Minister said. 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