Hockey Canada says it paid out $7.6-million worth of settlements with fund built by registration fees

Hockey Canada says it paid out .6-million worth of settlements with fund built by registration fees

Lawyer Andrew Winton sits alongside witnesses Scott Smith, Hockey Canada president and chief operating officer, and Hockey Canada chief financial officer Brian Cairo as they appear at the standing committee on Canadian Heritage in Ottawa on July 27, 2022.Sean Kilpatrick/The Canadian Press Hockey Canada has used its National Equity Fund to pay out $7.6-million worth … Read more

Ottawa knew about Hockey Canada sexual-assault claim in 2018

Ottawa knew about Hockey Canada sexual-assault claim in 2018

Witnesses Michel Ruest, Senior Director, Programs, Sport Canada Branch of Canadian Heritage, and Isabelle Mondou, Deputy Minister of Canadian Heritage, appear at the standing committee on Canadian Heritage in Ottawa on July 26.Sean Kilpatrick/The Canadian Press Ottawa was told by Hockey Canada in 2018 about sexual-assault allegations involving members of that year’s Canadian world junior … Read more

Little-known smaller stocks that a $2.3-billion fund manager is buying and selling

Little-known smaller stocks that a .3-billion fund manager is buying and selling

Alexander Etsel.The Globe and Mail While many money managers shy away from buying small cap and microcap companies, Alex Etsell seeks them out – believing some of these lower-profile names can provide the greatest growth potential. Mr. Etsell, a senior portfolio manager and partner at Hillsdale Investment Management Inc. in Toronto, also believes these smaller-sized … Read more

Trudeau condemns Hockey Canada over fund to settle sexual assault claims

Trudeau condemns Hockey Canada over fund to settle sexual assault claims

A Hockey Canada jersey is displayed with memorabilia from the 2010 Olympics at the BC Sports Hall of Fame.DARRYL DYCK/The Canadian Press Prime Minister Justin Trudeau criticized Hockey Canada in response to a Globe and Mail investigation on Tuesday that revealed the organization uses registration fees to maintain a multimillion-dollar fund to settle alleged sexual … Read more

Why this money manager has the confidence to recommend investors ‘stay calm’

Why this money manager has the confidence to recommend investors ‘stay calm’

John Zechner.The Globe and Mail John Zechner has seen his share of market downturns in his nearly 40 years managing money. It’s that experience that gives him the confidence to recommend investors “stay calm” during the latest market rout – and start buying if they have the stomach for more volatility. “We’ve seen buying opportunities … Read more

It’s time to ponder adding bonds again to your portfolio. Plus, what a $6-billion Scotiabank fund manager is buying and selling

It’s time to ponder adding bonds again to your portfolio.  Plus, what a -billion Scotiabank fund manager is buying and selling

It’s time to start thinking about applying the most basic rule of investing in stocks to bonds: Buy low. Bond prices have plunged this year, which means yields have risen sharply. We are now getting into a zone on yields where investors with a long-term perspective may find some interesting developments, particularly in corporate bonds. … Read more

Montreal will host NATO’s new climate center and Canada will send more troops to Latvia, Trudeau says

Montreal will host NATO’s new climate center and Canada will send more troops to Latvia, Trudeau says

Canada’s Prime Minister Justin Trudeau (C), Canada’s Minister of Defense Anita Anand (L) and Canadian Minister for Foreign Affairs Melanie Joly address media representatives during a press conference at the NATO summit at the Ifema congress center in Madrid, on June 30, 2022 .GABRIEL BOUYS/AFP/Getty Images Prime Minister Justin Trudeau said that Montreal will host … Read more

CPP Investments braced for prolonged downturn as inflation soars

CPP Investments braced for prolonged downturn as inflation soars

John Graham, the CEO of the Canada Pension Plan Investment Board, in Toronto, on Mar 22, 2021.Fred Lum/the Globe and Mail As inflation soars and stock markets swoon, the head of the country’s largest pension plan has a reassuring message for 21 million citizens who look to the Canada Pension Plan for a portion of … Read more

ARK’s Cathie Wood keeps focus on deflation as fund slump continues

ARK’s Cathie Wood keeps focus on deflation as fund slump continues

Slowing global economic growth will soon make deflation – rather than inflation – the greatest driver in financial markets, star stock picker Cathie Wood of Ark Invest said in a webinar Tuesday. Wood, whose ARK Innovation fund sky-rocketed in 2020 during the COVID-19 pandemic but has significantly lagged the market over the last 12 months, … Read more

This cash parking spot for investors has never looked better

This cash parking spot for investors has never looked better

Last week’s increase in the Bank of Canada’s benchmark rate flowed directly to investors who park money in high interest savings ETFs, and the next central bank rate hike will likely do the same. High interest savings ETFs are exchange-traded funds holding deposits at banks. A recent report by CIBC Capital Markets pegs the after-fee … Read more