Nielsen Music Renews Agreement with CARAS for 2018 JUNO Awards

first_imgAdvertisement Advertisement Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment New York, NY – December 15, 2017 – Nielsen (NYSE:NLSN) and The Canadian Academy of Recording Arts and Sciences (CARAS) have announced that Nielsen Music will again serve as the exclusive data provider for Canada’s Music Awards – the JUNO Awards. The data provided by Nielsen Music will help CARAS throughout the selection process, from nominations to the JUNO Awards selections.“We’re honoured to again work with CARAS in support of the biggest night in Canadian music,” said Paul Shaver, VP/Head of Nielsen Music Canada.“Providing trusted insights to industry leaders is at the core of Nielsen Music and we once again look forward to celebrating artist achievements at the 2018 JUNO Awards in Vancouver.”“The JUNO Awards are delighted to team up again with Nielsen Music for 2018,” said Allan Reid, President & CEO, CARAS/The JUNO Awards & MusiCounts.“Their trusted data continues to be an essential component in our selection of nominees and award recipients.” Twitter Facebook Advertisement The 47th annual JUNO Awards and JUNO Week 2018 will be hosted in Vancouver from March 19 through March 25, 2018, culminating in The JUNO Awards Broadcast, hosted by Michael Bublé on CBC on Sunday, March 25..About NielsenNielsen Holdings plc (NYSE: NLSN) is a global measurement and data analytics company that provides the most complete and trusted view available of consumers and markets worldwide. Our approach marries proprietary Nielsen data with other data sources to help clients around the world understand what’s happening now, what’s happening next, and how to best act on this knowledge. For more than 90 years Nielsen has provided data and analytics based on scientific rigor and innovation, continually developing new ways to answer the most important questions facing the media, advertising, retail and fast-moving consumer goods industries. An S&P 500 company, Nielsen has operations in over 100 countries, covering more than 90% of the world’s population. For more information, visit www.nielsen.com..About CARASThe Canadian Academy of Recording Arts and Sciences/L’académie canadienne des arts et des sciences de l’enregistrement (CARAS) is a not-for-profit organization created to preserve and enhance the Canadian music industry and to contribute toward higher artistic and industry standards. The main focus of CARAS is the exploration and development of ongoing opportunities to showcase and promote Canadian artists and music through vehicles such as The JUNO Awards, MusiCounts, the Canadian Music Hall of Fame and other year-round initiatives. For more information on the 47th Annual JUNO Awards or The Canadian Academy of Recording Arts and Sciences (CARAS), please visit www.junoawards.ca.last_img read more

Canadians invited to fill out a survey on WHY they watch and

first_img LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Advertisement This past December, the CRTC published a reference document to help guide the consultation. It includes information and data on how and where Canadians consume content. The survey will help the CRTC understand the reasons behind these choices, such as:Why do many Canadians still watch traditional TV and listen to traditional radio?Why do some Canadians watch and listen online only?How important is programming made in Canada to Canadians?Canadians can participate by filling out the survey before January 31, 2018.They can also submit their comments using the reference document or on any other issues related to this process before February 13, 2018 by:filling out the online form;writing to the Secretary General, CRTC, Ottawa, Ontario K1A ON2; orsending a fax to (819) 994-0218.Report on future distribution modelsThis consultation arises from the Government’s request that the CRTC submit a report on future distribution models for Canadian programming, as well as its continued creation, production and distribution. The report is due by no later than June 1, 2018. From Canadian Radio-television and Telecommunications CommissionOttawa-Gatineau – Canadian Radio-television and Telecommunications Commission (CRTC)The CRTC has launched a survey to better understand why Canadians are consuming content in different ways. This survey is part of the CRTC’s consultation on the future of programming distribution in Canada. Login/Register With: Advertisement Quick FactsAs directed by the Governor-in-Council, the CRTC is seeking comments on:What programming distribution model(s) are likely to exist in the future?How and through whom will Canadians access their programming?To what extent these models will ensure a vibrant domestic market? Twitter Interested parties are also invited to submit studies or relevant research on these or related issues that could inform the CRTC. Advertisementlast_img read more

APTN makes Federal Court argument in human rights tribunal camera access fight

first_imgAPTN National NewsAPTN lawyer Bob Sokalski spoke about Tuesday about our efforts to take a camera into the hearing room for a federal Human Rights Tribunal.The case was filed two years ago by the First Nations Child Caring Society and the Assembly of First Nations.It alleges that First Nations Child Welfare organizations are being underfunded compared to child welfare organizations elsewhere.last_img

Trudeau questions Conservative Senators use of TheBrazman as Twitter handle

first_imgBy Danielle RochetteAPTN National NewsMONTREAL-Montreal Liberal candidate Justin Trudeau says Conservative Senator Patrick Brazeau’s use of “TheBrazman” as a Twitter handle doesn’t reflect well on the often maligned institution that is suppose to act as Parliament’s body of “sober second thought.”Trudeau, the incumbent candidate for the riding of Papineau, and Brazeau engaged in a Twitter battle over each party’s respective platforms on Aboriginal issues. The exchange took on a personal tone when Trudeau questioned Brazeau’s Twitter handle and the accompanying photograph.Trudeau said in an interview with APTN National News Tuesday that Brazeau’s choice of handle was not becoming of a Senator.“How any Senator who chooses to, you known, an honourable Senator in a Canadian Parliament chose to further himself as TheBrazman perhaps lacks a little bit of gravitas one would expect from the house of sober second thought,” said Trudeau.During the Twitter exchange, APTN asked both politicians to debate their party’s platform on Aboriginal issues. Brazeau accepted, but Trudeau declined.“I have a little over 60,000 followers and I try to interact with everyone who send me twitter notes but if every time I got to an argument with someone on Twitter I ended up debating I will spend all my time debating and not any time working her in the riding where I need to,” said Trudeau.Brazeau, however, refused to come on camera to comment. Instead, his office issued a statement.“(Senator Brazeau) is interested in debating Aboriginal affairs anytime and with any parliamentarian anywhere,” said the statement. “He’s disappointed the opportunity to debate has been turned down.”The Twitter battle lasted for about an hour Friday and was triggered by a shot from Brazeau criticizing the Liberal’s platform on Aboriginal issues in a message to Trudeau.“LPC platform on Aboriginal issues?” Tweeted Brazeau. “Ah yes, you have none. Pathetic and weak. So much for multi-culturalism “eh” Mr. Trudeau.”Trudeau responded Tweeting, “Just looked at your Tweets (nice photo, by the way…).”Trudeau later Tweeted, “Wait Senator Brazeau goes by the handle TheBrazman. Does that help you pick up Pat? You are a senator for crying out loud!”Brazeau then challenged Trudeau.“C’mon Justin answer the question. I still remain yours truly TheBrazman.”Trudeau Tweeted back listing his party’s pledge to lift the two per cent funding cap on education, a $300 million investment on K to 12 Aboriginal education, a $5 million Metis scholarship fund and a promise to create a task force on the still ongoing of the disproportionate number of murdered and missing Aboriginal women.“140 chars not enuff: lift the 2% cap on Ab. Ed., 300M$ on K-12 ed, 5M$ Metis schlshp, task force on the missing & murdered women,” wrote Trudeau.Brazeau responded saying the Conservatives were dealing with the issues.“Changes, already in the works. Missing/Murdered already dealt with. 2% cap, LOC imposed it. Next??”Trudeau jumped on Brazeau’s claim that the murdered and missing file had been dealt with.“Wow! hear that everyone? Missing and murdered already dealt with. Is that the official Conservative position?”Many families of woman who have been missing or murdered were disappointed with the Conservative’s $10 million announcement last year on the issue.About $4 million of the money was earmarked to go to the RCMP for the creation of a missing persons branch and the creation of a missing persons website. Some of the money was also set aside for communities and groups to deal with violence and for victim’s services.drochette@aptn.calast_img read more

The part about the suspect VIII

first_imgFULL SPECIAL REPORTBy Jorge BarreraAPTN National NewsEarly on a Monday morning, the undercover officer watched as his target walked out of a Montreal apartment building, entered a black Mercedes parked on the street and drove off.The officer, a member of the RCMP’s proceeds of crime unit, then entered the apartment building through the unlocked front door and rang the doorbell marked 2.A woman emerged, up on the landing of the stairs.The officer asked, “Is Nick there?”The woman said, “He’ll be back in five minutes,” and gestured with her open hand.The police had now confirmed the residence of Nicolas Anthis.It was 8: 45 a.m., March 17, 2008.Anthis was a suspect under surveillance during Operation Cancun, but he was never arrested.He is identified in police files as an “employee” of Michael Chamas, a Lebanese-Canadian businessman who police suspected was the “banker” for the drug network targeted in the operation.The RCMP suspected that Anthis landed investors for Chamas’ many business activities around the globe.At one point, he arranged to transfer $1 million through Quebec gas station company Olco Petroleum to one of Chamas’ companies, Fidelis Financial Services, according to court records.Chamas says Anthis owed him the money from a legitimate arrangement that fell through.The Feb. 23, 2007, transfer appeared to have been arranged in an email from Anthis’ gmail account to Despina Leventis, Olco’s former financial officer.  The information was contained in a Feb. 16, 2007 email stored in one of Leventis’ computers that were seized as part of a lawsuit against her launched by Olco.The email was obtained by the RCMP through a warrant.The email message had the subject line, “Re: Banking information to swift,” and the body contained the coordinates to transfer money into one of Chamas’ Swiss bank accounts with the UBS bank.Olco launched a lawsuit against Leventis alleging she embezzled about $8. 7 million while she was working for the company.Anthis’ name was number four on a list of points the RCMP wanted to touch on during their interview with Daniele Guarino, one of the men caught in the Operation Cancun dragnet on March 26, 2008. Chamas’ name is point three on the list.Guarino was charged with three weapons offences and was suspected of laundering money from marijuana smuggling through Akwesasne.Guarino told his interrogator, Cpl. John Athanasiades, he met Anthis at a Montreal Dunkin’ Donuts. Anthis knew Guarino’s brother, who was assassinated in a suspected drug hit on March 9, 2007.“He recognized me and gave me his condolences, and voila,” said Guarino. “He knew my brother well.”The two became friends. They started having coffees in the morning. Both men had young daughters.Soon after their initial meeting at the donut shop, Guarino said Anthis introduced him to Chamas.They started working on a deal to ship construction material like concrete, softwood and reinforced iron to Dubai. Guarino would find the supplies and Chamas would find the buyers.“(Anthis) is in on the construction deal because of the introduction,” Guarino told Athanasiades. “It was my idea. Mr. Chamas would facilitate it.”Guarino said that he travelled with Chamas to Dubai and met several people with “Arab names.”“I was hoping to do some business with Michael,” said Guarino. “He is hopefully going to get me the contract to supply these people with construction material.”Chamas and Guarino left for Dubai on March 3, 2008. Anthis saw both men off that day.In a conversation with another man recorded by police, Anthis calls Guarino their “Italian associate.”Anthis was arrested this past Aug. 14 in Henderson, Nev., by U.S. Immigration and Customs agents.Anthis, 41, was then transferred into the hands of the U.S. District Attorney’s Office in Massachusetts as one of several individuals indicted earlier in April for allegedly laundering  money as part of a drug trafficking network that brought in marijuana from Quebec and distributedit throughout Massachusetts with the help of a crooked cop from Watertown, Mass.At least one of the organization’s Canadian contacts was in Montreal, according to the indictment filed in U.S. Federal Court.Anthis was charged with lying to Drug Enforcement Administration and ICE agents during a meeting on Oct. 20, 2010, in Bridgewater, Mass., about the source of $1,041,990US that was seized by authorities, according to the indictment.Anthis, and another man whose name is blacked out in the document, claimed that the money came from “legitimate investors” in the U.S. for the purchase of gold, “when in fact the defendants…knew that (the) U.S. currency was the proceeds of drug trafficking.”He was also charged with helping the organization’s alleged ringleader, Safwan “Sammy” Madarati, launder drug money and execute financial transactions to import marijuana from Canada.jbarrera@aptn.calast_img read more

Audit of homes on Labradors north coast paints bleak picture

first_imgAPTN National NewsThe results of a housing study conducted in Inuit communities on Labrador’s north coast have been released.The study shows that the region is plagued by many of the same problems facing remote northern communities.This is the first survey of its kind for Nunatsiavut.APTN’s Ossie Michelin from our bureau in Happy Valley-Goose Bay.last_img

London Stock Exchange chief to step down at end of 2018

first_imgLONDON – The London Stock Exchange has announced that its chief executive plans to step down by the end of 2018.Xavier Rolet has headed the London exchange for nearly nine years. The London Stock Exchange Group PLC says it’s searching for Rolet’s successor and will “work closely” with him to ensure a smooth transition.The London exchange’s chairman, Donald Brydon, hailed Rolet’s “remarkable achievements” by saying that “under his leadership, LSE Group has been transformed in scale to become a truly diversified and international leader in financial markets infrastructure.”Rolet said that “I am extremely proud of all we have done together in just under a decade to turn LSE Group into a truly global financial market infrastructure group.”last_img read more

Canadian cities reveal how they feel about losing bid for Amazon HQ2

first_imgTORONTO – Amazon waded through 238 bids that included promises of hefty tax breaks and canoeing to work to narrow down a short list of some 20 candidates, including just one Canadian city — Toronto. Here’s a look at what some of the other cities who placed bids had to say:CalgaryIn an effort to sway Amazon, Calgary emblazoned the sidewalks across from Amazon’s current Seattle headquarters with messages including, “Hey Amazon. We’d change our name for you. Calmazon? Amagary? Love, Calgary ;)” and hung a 30-metre banner outside saying, “we’re not saying we’d fight a bear for you, but we totally would.” The same message ran in a full-page ad the city took out in the Seattle Times.Alberta’s Premier Rachel Notley said she had spoken with Amazon on Thursday and the company felt Calgary’s bid was “particularly exciting.”“They actually said very, very good things about it and they said that they’ve got a whole new idea of Alberta and that Calgary did an excellent job,” she said.“There’s no question, it’s unfortunate. It would have been great to have gotten that deal.”———WinnipegWinnipeg’s bid included a humorous video starring football star Blue Bomber Obby Khan and Mayor Brian Bowman showing off the city’s best features to Alexa, Amazon’s voice-activated system.When Economic Development Winnipeg heard it hadn’t made Amazon’s shortlist on Thursday it released a playful video featuring Alexa breaking the bad news to Khan. In the video, Khan cuts Alexa short and instead picks up his phone saying, “Hey Google, I would love to pick you up tomorrow at 10 a.m. at the airport.”Bowman said in an email that “the competition was fierce, but our bid positioned Winnipeg well for future opportunities.” He added he was “optimistic Amazon and other companies took note and will keep Winnipeg in mind for future opportunities.”———Ottawa-GatineauOttawa and Gatineau were offering Amazon space in the 120-acre stretch of waterfront lands that are poised for development, 15 minutes away from Ottawa’s airport and close to policymakers.Upon hearing the cities had failed to make the cut, Ottawa mayor Jim Watson and Gatineau mayor Maxime Pedneaud-Jobin released a statement saying they were “disappointed,” but “proud” of the way the cities “came together.”“Should Amazon HQ2 find a home in Toronto, there would likely be significant economic spinoffs for the Ottawa-Gatineau region, and we would welcome those opportunities,” the mayors said.———VancouverVancouver’s bid to host Amazon HQ2 focused on its proximity to the e-commerce giant’s original headquarters in Seattle, a move Metro Vancouver chairman Greg Moore said may have put it at a disadvantage.Moore said he was disappointed to hear Vancouver hadn’t made the shortlist but described the experience as a learning opportunity.“It emphasized the need for us as a region to be working together,” Moore said. “Amazon won’t be the last opportunity.”Vancouver Mayor Gregor Robertson released a statement saying he was disappointed the city didn’t make the short list.“Vancouver offers much more than just an exceptional quality of life for our residents. Our city is home to a booming economy, fueled by Vancouver’s growth as an international tech hub with world-class talent.”———HalifaxHalifax rolled out a flashy website mirroring Amazon’s fonts and buttons to claim that Halifax housing the headquarters would bring Amazon a savings of more than $10 billion over 10 years.Mayor Mike Savage told The Canadian Press he was “not surprised” his city had lost out because he felt it was “always a long shot.”He said “I’m rooting for Mayor Tory and I hope that they do well” and vowed to hang a “Go Toronto” banner.———Sault Ste. MarieSault Ste. Marie didn’t splash out on a big proposal with lots of tax incentives or “wacky exercises” — though it did suggest employees could canoe to work — to attract attention for its bid because it knew it likely wouldn’t land the headquarters, said Mayor Christian Provenzano.“We were swinging for the fences on something we appreciated we did not have a significant opportunity at getting, but we thought it was important to tell our story about our community,” he said.———EdmontonEdmonton refused to disclose the contents of its bid, even after it was cut from the potential cities to host the headquarters. However, a spokesperson revealed the city spent between $50,000 and $75,000 on its pitch.Brad Ferguson, the president and CEO of the Edmonton Economic Development Corporation, said he was throwing his support behind Toronto, adding that with matters like this his philosophy is to root for his country, then his province and then his city. He wished Toronto well, but said he hadn’t picked up the phone to extend his best wishes to Mayor John Tory because “I don’t feel that is my role.”———WindsorWindsor partnered with Detroit to make its pitch to Amazon, which Windsor’s Mayor Drew Dilkens says spoke to the strong relationship the two cities have had for centuries. Months ago Dilkens said he would even be open to connecting twin offices in each city with a cable car or gondola.Moving forward, he said he would be open to the pair teaming up again to court other big companies. “We believe the business case was so strong that we could take Amazon’s name out of the proposal and make it equally compelling for someone else,” Dilkens told the Canadian Press.———MontrealMany thought Montreal had a good chance at nabbing the headquarters because it is already home to Amazon Web Services’ cluster of data services and its competitiveness in the hydro-electric power arena was a big draw for the tech company when it was searching for another home for its data facilities.Montreal mayor Denis Coderre said in a statement that the city is “of course, disappointed” it won’t host the headquarters, but glad that the process had allowed it “to build new relationships and to strengthen old ones with the private and public sectors as well as to reinforce Montreal’s reputation as an international creative hub.”———HamiltonHamilton’s bid for the headquarters reportedly cost almost $467,000. A statement from Mayor Fred Eisenberger said the investment it made in its pitch “a 50/50 split of public and private funds.”After it was passed on, Eisenberger stressed “our ambition will not waiver.” He said Amazon “choosing to locate anywhere in Ontario is beneficial,” so Hamilton was looking forward to working with Toronto “in whatever way we can to support their bid.”last_img read more

Peter Peterson billionaire and philanthropist dies at 91

first_imgNEW YORK, N.Y. – Peter G. Peterson, a billionaire and business executive who became one of the most prominent voices to argue for entitlement reform and reducing the U.S. national debt, died of natural causes early Tuesday, his family said. He was 91.Born in the small town of Kearney, Nebraska, to Greek immigrants, Peterson was CEO of two major U.S. companies and co-founded one of the world’s largest private-equity firms.He was already a national figure in business by the early 1960s, serving as chairman and CEO of Bell and Howell, one of the largest manufacturers of movie cameras at the time.He left Bell and Howell to work for the Nixon administration in the early 1970s, eventually serving as secretary of commerce from 1972 to 1973.He took over as chief executive of the investment bank Lehman Brothers in 1973 after leaving the Nixon administration. In 1985, he co-founded the private-equity firm Blackstone Group with Stephen Schwarzman.“His intelligence, wit and vision made him an inspirational leader who brought people together from the White House to Wall Street,” his family said in a statement.Blackstone went on to become one of biggest private-equity firms in the world, with $434 billion in assets under management at the end of last year. When the firm went public in 2007, Peterson’s stake in the company made him a billionaire. His wealth was estimated at $2 billion, according to Forbes Magazine.Peterson dedicated the rest of his life to what he called “key fiscal challenges threatening America’s future,” donating $1 billion to create the Peter G. Peterson Foundation in 2007.He never publicly endorsed the fiscal ideals of the Tea Party. However, his ideas did give him some common ground with them.He long argued that the United States’ entitlement programs, principally Medicaid, Medicare and Social Security, had to be restructured or benefits cut back to avoid bankrupting the government. Through his foundation, he disseminated his ideas among the public and politicians.“The fact he was able to start a serious debate about the future of Social Security and other entitlement programs was a huge accomplishment,” said Fred Bergsten, founder of the Peterson Institute for International Economics, who worked with Peterson in various capacities going back to the 1970s.Peterson was not considered ideological when it came to dealing with Social Security and Medicare. A life-long Republican, he still believed that raising taxes should be considered as part of any major restructuring of the U.S. budget, Bergsten said.The foundation quickly became a major voice on all budget-related matters, repeatedly quoted in national media outlets. In 2008, his organization helped bankroll the documentary “I.O.U.S.A,” with the goal of making the federal government’s ballooning national debt, then around $10 trillion, a central campaign issue.“What is most significant is most of our challenges are not really being discussed,” Peterson told The Associated Press in 2008 when he created his foundation. “I’ve been a very lucky beneficiary of the American dream as the son of immigrants. And, the more I look at some of these problems, the more persuaded I am they will post a serious threat to this country.”Peterson is survived by his wife, Joan Ganz Cooney, who co-founded the Children’s Television Workshop, and children John Peterson, Jim Peterson, David Peterson, Holly Peterson and Michael Peterson, and nine grandchildren.last_img read more

Alexa I can trust you with my checkbook right

first_imgNEW YORK, N.Y. – Hey Alexa, what’s my bank account balance?Big banks and financial companies have started to offer banking through virtual assistants — Amazon’s Alexa, Apple’s Siri, and Google’s Assistant — in a way that will allow customers to check their balances, pay bills and, in the near future, send money just with their voice. And with the rapid adoption of Zelle, a bank-to-bank transfer system, it soon could be possible to send money to friends or family instantly with voice commands.But the potential to do such sensitive tasks through a smart speaker raises security concerns. Virtual assistants and smart speakers are still relatively new technologies, and potentially susceptible to being exploited by cyber criminals.Regional banking giant U.S. Bank is the first bank to be on all three services — Alexa, Siri and Assistant. The company did a soft launch of its Siri and Assistant services in early March and this month started marketing the option to customers.Other financial companies have set up virtual assistant features. Credit card companies Capital One and American Express both have Alexa skills that allow customers to check their balances and pay bills. There are other smaller banks and credit unions that have set up Google Assistant or Alexa as well.“We want to be there for our customers in any possible way that we can,” said Gareth Gaston, executive vice-president for omnichannel banking at U.S. Bank.For now, U.S. Bank is keeping the features available through bank-by-voice fairly restrictive. Customers will be able to check bank balances, pay U.S. Bank credit cards and mortgages, ask Alexa or Google the due dates on bills, and other basic functions. Money cannot be transferred from a U.S. Bank account using voice yet, Gaston said, but the bank is considering the option.Asking Google, Alexa or Siri for the weather or to tell a joke is one thing, but it’s a whole other issue when these assistants access and share sensitive personal information. These apps will typically announce a person’s available balance over the speaker, which has the potential to create awkward situations at parties.In the case of Google and Alexa, users must create a secure connection between their bank and the assistant through Alexa’s Skills or Google’s Actions. All banks require the use of a four-digit PIN before they will provide balance and bank account info over these speakers, and suggest making those PINs different from the one on a customer’s ATM card.Apple’s Siri is the most restrictive of the three virtual assistants, only showing a user a bank account balance on a screen, and not allowing other features like paying bills. Banks can integrate Siri into their iPhone and iPad apps, but Apple’s HomePod smart speaker that launched earlier this year does not currently accept banking commands. A company spokeswoman declined to say whether that feature was coming.Google Assistant has the capability to do individual voice recognition, providing one additional level of security on that platform, but that is not implemented on U.S. Bank’s Action yet. Security experts say that additional level of security could be foiled, however.“Users’ voices can be recorded, manipulated, and replayed to the assistants,” said Kurt Baumgartner, a security researcher with Kaspersky Lab. “Also, with access to banking accounts and abilities to transfer and pay out money, remote financial fraud may be within the reach of cybercriminal groups soon.”____Ken Sweet covers banks and the Consumer Financial Protection Bureau for The Associated Press. Follow or message him on Twitter at www.twitter.com/kensweet .last_img read more

The corporate climb Stalled progress for women in Canadian Csuites

first_imgTORONTO – None of Canada’s TSX 60 companies were headed by a woman and two-thirds did not include a single woman among top earners during their latest fiscal year, reveals a Canadian Press analysis of corporate Canada’s highest ranks.Despite pressure to improve gender equality in Canadian workplaces — and a myriad of initiatives and corporate pledges to boost female representation — top-earning women continue to be paid less than their male counterparts, while the number holding the powerful management roles of chief executive officer and chief financial officer has shrunk compared to five years ago.Among the companies on the TSX 60 index, a cross-section of the largest and most heavily-traded Canadian stocks, none listed a woman as its chief executive officer in its most recent compensation disclosure. Just three had a woman as CFO. That compared to one CEO and eight CFOs in 2012.Less than eight per cent of the top paid management roles were held by women.Only 25 women were among a total of 312 named executive officers (NEO) — defined by regulators as a company’s most highly compensated roles — in the latest management information circulars of TSX 60 companies, which, like all Canadian public firms, are required to disclose a list of NEOs each year. The findings on NEO compensation include salaries as well as other forms of compensation such as share-based awards, incentive plans and pensions.The Canadian Press analysis paints a bleak picture of a corporate landscape in which women remain a significant minority, and those in the upper ranks are paid an average 64 cents for every dollar earned by the average male NEO. That’s even more dismal than the average of 74 cents for every dollar of annual salary made by men among the entire working population, according to the most recent Statistics Canada data.Over the last year, the Me Too movement, which began as a reaction to allegations of sexual harassment and assault against Hollywood producer Harvey Weinstein, has become the latest iteration of a long-standing drive for equality for women in the workplace.Many women in corporate Canada are hopeful the recent attention has sparked a broader conversation that will expose the unseen barriers women face when climbing the corporate ladder and fuel the push for gender parity, according to dozens of women in senior management roles and corporate governance experts who spoke to The Canadian Press.“I can’t remember anything in the last 15 years that has sent such strong shock waves through corporate Canada,” said Charlene Ripley, general counsel and an executive vice-president at mining company Goldcorp Inc.“This Me Too movement has been a catalyst to shock people into awareness of so many issues, when it comes to bad culture.”And yet, the C-suite remains a domain largely occupied by men.Two-thirds, or 40 of the TSX 60 index of influential companies, did not cite any women NEOs in 2017 disclosures. (Loblaws Companies Ltd. and parent George Weston Ltd. are both listed on the TSX 60, and both cite Sarah Davis, president of Loblaw, as an NEO.) That figure is little changed from 2012 data, though the analysis of that year was limited to 59 firms because oil and gas heavyweight Nexen was delisted after being acquired and did not put out an NEO list.“I am surprised that there has been no movement,” said Janice Fukakusa, former chief administrative officer and chief financial officer of the Royal Bank of Canada and one of the few women on the list of NEOs.“The only way you can increase participation is for women to look up and see themselves represented. So, this is not a good statistic for us.”Over the past five years, 36 per cent, or 116 men who were deemed NEOs in 2012 were still on the influential list in 2017, while just six women remained in the elite group five years later, representing 30 per cent.The eye-opening data suggests the efforts to accelerate gender diversity haven’t yielded the desired results, said Camilla Sutton, president and chief executive of Women in Capital Markets.“If you took the pulse of the nation, in terms of the change that’s happened versus the change that the data suggests, I don’t think that would be correlated at all,” she reflected on the analysis.“The data would suggest that we’ve gone backwards, on many measures.”The analysis also makes apparent that the long-standing gender wage gap is a problem even for women at the top of their game.In 2017, the average total compensation for female NEOs was $3.24 million, compared to $5.08 million for men — a difference of 36 per cent. That’s a slight improvement from the 38 per cent gap in 2012.The disparity is even wider among the earners at the very top.The highest paid male NEO, auto parts maker Magna International Inc.’s president and chief executive Donald Walker, received a total compensation package worth $25.54 million.Meanwhile, the highest paid female NEO, Marianne Harrison, Manulife Financial’s president and chief executive of the insurer’s U.S. division, was paid $5.96 million. Harrison declined to comment for this story.A dozen women on the NEO list who spoke to The Canadian Press suggested a range of reasons for why they think women still lag behind men in terms of representation and compensation.They pointed to an overreliance on the ‘old boys’ club’ for executive searches, an unwillingness within some companies to challenge cultural norms that have left women out of top jobs, little workplace support for women, as well as a lack of confidence and risk-taking among women.Nora Duke, an executive vice-president of sustainability at electric utility holding company Fortis Inc. who is among the women on the list, believes there are few women in prominent roles because of the time it takes for leadership positions to become available and women to rise to a level that makes them attainable.“I don’t think (companies) necessarily choose to discriminate against women, but I think there are some natural biases,” she said, noting that many organizations are packed with men in leadership roles, who have worked together for years.“It is a comfortable situation and you just tend to continue in that format, until you really make a point of thinking differently about it… I think it is this concept of unconscious bias.”The Canadian Press reached out to all of the TSX 60 companies who did not list any women NEOs to ask why.Companies that responded said women are better represented in senior leadership roles and on their boards of directors than in their corporate management suite. The firms also pointed to various ongoing and new initiatives to further foster diversity in their highest ranks and on their board, and public pledges to do so. Eight companies declined to respond, and six did not respond to multiple requests for comment.Still, the executive women interviewed by The Canadian Press felt that the lack of women in the companies’ upper ranks makes it harder for those climbing the career ladder to picture themselves at the top, and gives women less of a voice at the executive table to help shape the corporate culture.While the Me Too movement is centred on the sexual misconduct and harassment women face, there is an optimism that its momentum can help propel progress on other fronts, including inclusion in the corner office and equal pay.“It really does give women that empowerment to speak up, about even things like staffing decisions … There is a broader good that’s happening,” said Fukakusa, now the chair of the board of the Canada Infrastructure Bank.Changes will come, albeit slowly, many women agreed.Goldcorp’s Ripley said she is disappointed that she is among the few women to reach the elite levels of TSX 60 companies.“I am hopeful that in the coming years there will be more women on the list,” she added.“But there is a long way to go.”—With files from Zaid Noorsumarlast_img read more

TSX records first daily gain of September joining positive day for US

first_imgTORONTO – Canada’s main stock market posted its first daily gain in September on Tuesday, joining U.S. markets in a positive day of trading as investors await important news about trade and political decisions on both sides of the border.The 17th anniversary of the terrorist attacks in the United States was basically flat but marked the first TSX gain since Aug. 29, said Catharine Sterritt, portfolio manager for CIBC Asset Management.“It’s as if the market is just holding its breath because we are in front of a lot of news,” she said in an interview.Sterritt pointed to the prospect of important details coming out of Liberal caucus meetings in Saskatoon about the government’s response to the Trans Mountain judicial pipeline decision and the federal response to the U.S. competitive advance from its adoption of accelerated depreciation.Markets are awaiting the conclusion of NAFTA negotiations in the coming weeks as well as China’s response to further potential trade tariffs imposed by the U.S.The S&P/TSX composite index closed up 37.16 points to 16,094.25, after reaching a high or 16,111.65 on 215.6 million shares traded. The market recovered some of the losses over the past seven trading sessions but was still down 1.8 per cent from when it began to lose ground.All sectors except for energy, utilities, gold and base metals rose on the day. It was led by health care even though many cannabis stocks were down.Canadian transportation companies including railways and airlines drove an increase for the industrials sector while the important financial, materials and energy sectors were essentially flat.Recreational products company BRP Inc. was the biggest loser of the day on the TSX after it launched a marketed secondary offering for 8.7 million shares by its largest shareholders and also filed to list its shares on the Nasdaq Global Select Market. It closed down $5.98, or 8.41 per cent, to $65.13.The Canadian dollar was trading at an average of 76.22 cents US compared with an average of 75.97 cents US on Monday.It rose as Foreign Minister Chrystia Freeland briefly resumed NAFTA negotiations in Washington.“The overall market is still expecting that we’re going to see a positive resolution, especially on the auto side, but it is concerning this threat of auto tariffs and so people do want to see this resolved,” Sterritt said.The October crude contract was up US$1.71 to US$69.25 per barrel as concern was raised about potential disruptions from hurricanes in the Gulf of Mexico. This comes despite expectations that the U.S. administration is putting pressure on OPEC and Russia to keep oil flowing to reduce prices at the pump ahead of key midterm elections, she added.In New York, the Dow Jones industrial average was up 113.99 points to 25,971.06. The S&P 500 index was up 10.76 points to 2,887.89, while the Nasdaq composite was up 48.31 points at 7,972.47.The risks overhang a booming core economy in the United States, where demand is growing and there is another industrial revolution happening in technology that could spur further market growth.“It’s very interesting times when we have such strong corporate metrics and so many clouds on the macro horizon,” Sterritt said. “It’s going to be a stock pickers opportunity for sure.”The October natural gas contract was up 2.4 cents at US$2.83 per mmBTU.The December gold contract was up US$2.40 to US$1,202.20 an ounce and the December copper contract was down 0.65 cents at US$2.62 a pound.last_img read more

Activist allowed to enter Poland ahead of climate march

first_imgKATOWICE, Poland — Campaign group Climate Action Network says one of its employees has been allowed to enter Poland after earlier being stopped by border guards citing unspecified security threats.The group, an alliance of hundreds of organizations from around the world, said Polish authorities gave Belgium-based activist Zanna Vanrenterghem permission to continue to the U.N. climate summit in Katowice early Saturday.The Belgian ambassador in Poland, Luc Jacobs, said Polish border guards had provided him with no details about the case but confirmed that Vanrenterghem was admitted into Poland overnight.CAN had no immediate information about 12 other activists deported or denied entry to Poland in recent days.Environmentalists plan to stage a march Saturday through Katowice, where delegates from almost 200 countries are holding a two-week meeting on curbing climate change.The Associated Presslast_img read more

House passes farm bill sending it to Trumps desk

first_imgWASHINGTON — The House has easily passed the farm bill, a massive legislative package that reauthorizes agriculture programs and food aid.The legislation has already passed the Senate and is now headed to President Donald Trump, who is expected to sign it.The measure is the result of months of negotiations by lawmakers. It does not make any significant changes to the food stamp program that serves nearly 40 million low-income Americans. Trump and conservatives had pushed to create new work requirements for food stamps, but the Senate rejected the idea.The bill reauthorizes agriculture and conservation programs, funds trade programs, expands support for struggling dairy farmers and legalizes the cultivation of industrial hemp. The House vote was 369-47.Juliet Linderman, The Associated Presslast_img read more

For Trump the economy is a potential 2020 storm cloud

first_imgWASHINGTON — Forget Robert Mueller.The greatest threat to President Donald Trump’s re-election bid may not be the slew of investigations closing in on his Oval Office but a possible economic slowdown. And the president knows it.The Dow Jones Industrial Average fell again Monday, the latest dip in the roller coaster markets amid the strain of Trump’s trade war, rising interest rates and worries about a slowing global economy.Trump, who has tied his political fortunes to the stock market in an unprecedented fashion, has nervously watched Wall Street, keeping an eye on the cable television ticker and barking at his aides for updates. And while he continues to talk up America’s financial might, he has repeatedly and publicly rebuked the chairman of the Federal Reserve for interest rate increases he feels could slow the economy.Trump made his feelings clear again Tuesday, a day before the Fed is expected to raise its key interest rate for the fourth time this year.“I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!”He said Monday on Twitter that “It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!”Throughout Trump’s term, the economy has been strong. And while the president credits his aggressive tax-cut package and deregulation efforts, the gains in fact began under President Barack Obama.Optimism about the economy has cooled somewhat this fall as Trump’s trade fight with China rattled the markets.Fond of citing job statistics and market reports, Trump has appeared highly attuned to the shift. After unnerving much of the global financial system by imposing tariffs, Trump seemed eager to ease anxiety recently, striking a trade truce with China after a dinner meeting during an international summit in Argentina. And when that move only briefly buoyed confidence, Trump set off on an erratic bout of tweeting that rocked the markets even more.First Trump declared himself a “Tariff Man,” promising to inflict as much economic pain as possible — a move that horrified investors. A day later he sought to minimize the anxieties, saying there were “very strong signals” that China was negotiating in good faith.“Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting,” Trump tweeted.Stocks fell again Monday as both the Dow and the S&P 500 are on pace for their worst December performance since 1931, when they were battered during the Great Depression. As investors turned to an upcoming meeting of the Federal Reserve, its chairman, Jerome Powell, has repeatedly been the target of Trump’s wrath, as the Fed has been raising interest rates to make sure that the lowest unemployment in nearly five decades does not start pushing inflation higher. Arguing that the rate hikes hamper economic growth, Trump has openly questioned Powell’s leadership.“I think the Fed is making a mistake. They are so tight. I think the Fed has gone crazy,” the president said in October.No longer tweeting much about the stock market, Trump has criticized Powell privately as well and has told confidants that he understands that a recession would be perilous for a president who once mused about the Dow hitting 30,000. (Its record was 26,828 in October.) Although Trump is not seriously considering making a change at the Fed, he has repeatedly insisted that his businessman background allows him to understand the economy more than Powell, according to four White House aides and outside advisers who were not authorized to discuss private conversations and who spoke on condition of anonymity.“He thinks his legacy is going to be the guy who rebuilt and revived the U.S. economy. He’s totally focused on that,” said Stephen Moore, a former Trump campaign adviser and visiting fellow at the Heritage Foundation. “He understands that if the economy remains strong, he’ll be re-elected. He’s completely focused on the economy. He does follow the stock market, he does follow the stock reports, he does follow the jobs report.”Democrats considering challenging Trump in 2020 have begun putting forward their own economic plans. But a senior White House official said Trump remains confident in the economy, citing low unemployment numbers, GDP growth and growth in manufacturing jobs, among other indicators.The official, who wasn’t authorized to speak publicly, said Trump is watching the indicators closely and is regularly briefed by Larry Kudlow, director of the National Economic Council; Treasury Secretary Steven Mnuchin; and Kevin Hassett, chairman of the Council of Economic Advisers.“The American economy is booming,” Kudlow told The Associated Press. “While economies around the world are struggling, our economic fundamentals are incredibly strong.”Trump is right to worry about how an economic slowdown could affect his presidency. Bill Clinton aide James Carville’s famous mantra during the 1992 presidential campaign was: “It’s the economy, stupid.” And the nation’s financial health is often key to a president’s re-election chances.The last two presidents who failed to be re-elected, Jimmy Carter and George H.W. Bush, were primarily done in by faltering economies, said presidential historian Douglas Brinkley.“It’s hard to convince the public to give you another chance if the economy is not doing well,” said Brinkley, a professor at Rice University. He suggested that even voters who do not like Trump’s personal behaviour “tolerate him because they think he is good for Wall Street and jobs. If there is an economic downturn, that is going to take a devastating effect on him.”___Follow Lemire on Twitter at http://twitter.com/@JonLemire and Lucey at http://twitter.com/@catherine_luceyJonathan Lemire And Catherine Lucey, The Associated Presslast_img read more

Autoworkers to protest during GM investors meeting in Windsor

first_imgOSHAWA – Autoworkers from across Ontario are set to rally in Windsor on Friday across from the General Motors headquarters in Detroit.The 11 a.m. protest against the company’s decision to close a plant in Oshawa coincides with a General Motors investors meeting.Unifor, the union that represents GM autoworkers, is bussing protesters in from cities that include Kitchener, Brampton and London.The rally is the latest in a string of actions opposing the plant’s closure.Earlier in the week, unionized workers at the Oshawa assembly plant staged two work stoppages to protest their employer’s decision to close the facility.The protest came after Unifor president Jerry Dias sat down with GM on Tuesday to talk about proposals the union had made to extend the life of the Ontario plant, but came away empty-handed.Approximately 2,600 workers will lose their jobs when the plant closes at the end of the year.Related content:GM rejects Unifor proposals to keep Oshawa plant open; workers walk off the jobGM workers back to work after 2nd sit-in at Oshawa plantGM working to retrain employees affected by Oshawa plant closurelast_img read more

Rotary District 5370 Governor visits Fort St John

first_imgFORT ST. JOHN, B.C. – Rotary District 5370 Governor Ingrid Neitsch finished her tour of the two Rotary Clubs in Fort St. John today.Neitsch came to the Energetic City on Tuesday where she visited both the Fort St. John Rotary Club and the Sunrise Rotary Club.During her visit, Neitsch met with the two club Presidents, Raven Pruden and Tara Waddy. Afterwards, Neitsch was given a tour of the city to see what the rotary clubs had accomplished this year. The tour was led by Councillor Larry Evans who made sure to stop at the New Rotary Spray Park, new skateboard park, seniors home and Charlie Lake RV Park. Fort St. John Rotary Club President Raven Pruden explained that it is a big deal whenever the District governor comes to town as its a chance to showcase what Rotary does for the community.“We just take her out, show her Fort St. John and show her what the community is about,” said Pruden. “We show her some of the projects we have done or are going to do.”Pruden added that the District Governor reports directly to the President of Rotary, so a good visit is important.Pruden went on to say that Rotary is so important on both a local and national scale and the visit is just one more chance to showcase that.last_img read more

Dawson Creek recognized for 6 straight years of carbonneutrality as Province awards

first_imgWHISTLER, B.C. – Communities from across the Peace Region were recognized by the provincial government at the annual Union of B.C. Municipalities conference in Whistler for their climate leadership as the Province dished out over $7 million from the Climate Action Revenue Incentive Program.There were seven communities in Northeast B.C. that received a cumulative total of just over $318,000 in funds through CARIP this year.Fort St. John received $101,051, while Dawson Creek received $77,301. Other communities and their totals are listed below: Chetwynd: $31,476Tumbler Ridge: $26,585Taylor: $18,863Pouce Coupe: $3,854Northern Rockies Regional Municipality: $59,439“Local governments are taking significant strides to address climate change,” said Municipal Affairs and Housing Minister Selina Robinson. “A record number are measuring their emissions this year, and we’re here to support communities that are advancing initiatives and innovations that make life better for people by protecting our environment.”The government also announced that both Dawson Creek and the Peace River Regional District were two out of 45 local governments in B.C. that achieved carbon-neutrality in 2017.Since the Province began requiring local governments to tally their carbon footprints in 2012, Dawson Creek has achieved carbon-neutrality every single year, while the PRRD was officially carbon-neutral in 2015 and 2017.“Local governments in British Columbia are integral partners in meeting our climate action goals, showing tremendous leadership and commitment,” said George Heyman, Minister of Environment and Climate Change Strategy. “I welcome the communities who have achieved carbon neutrality for the first time this year. Our government is focused on seeing strong, sustainable and clean economic growth that makes life better for people living in B.C.”Demonstrating a provincewide commitment to addressing climate action at the community level, 187 out of 190 local governments have signed on to the B.C Climate Action Charter.last_img read more

Cant travel to Delhi due to safety concerns Mirwaiz Umar tells NIA

first_imgSrinagar: Moderate Hurriyat Conference chairman Mirwaiz Umar Farooq has asked the National Investigation Agency (NIA) to question him here instead of Delhi as he fears for his security in view of “conditions of hostility”.The NIA is investigating a case related to terror funding in Kashmir through hawala channels. The agency last month carried out a series of raids on separatists, including the Mirwaiz, and summoned him for questioning in Delhi. Also Read – How a psychopath killer hid behind the mask of a devout laity!”Under the prevailing conditions of hostility wherein there is a threat to the personal safety of my client, it becomes unwise for my client to travel to Delhi,” counsel for the Mirwaiz, Aijaz Ahmad Dhar, said in a letter to the NIA in response to the agency’s March 6 notice. If the NIA wants to question the Mirwaiz, it can do so in Srinagar and he is willing to cooperate as “he has nothing to hide”, the counsel said in the letter dated March 10, a copy of which was released on Monday. Also Read – Encounter under way in Pulwama, militant killedDhar said his client is not acquainted with the subject matter of the FIR referred to in the NIA’s notice. He said the NIA’s notice to the separatist leader appears to have been issued on the basis of “fallacious assumptions and misinformation solely aimed at maligning the Mirwaiz”. “Knowing his status and position, it appears to be an outcome of considerations other than the law,” he added. Dhar said the Mirwaiz is not only a political leader but also a religious head of a large section of people in the state. On his client’s stand on the Kashmir issue, Dhar said it has always been clear. “He has always stated that the Kashmir issue is a political and human issue which needs political resolution either through implementation of UN resolutions or through dialogue amongst the three stakeholders — India, Pakistan and people of Jammu and Kashmir,” the counsel of the Mirwaiz said.last_img read more