DOCSLIB.ORG

Interim Financial Statements the Accompanying Interim Financial Statements Have Not Been Reviewed by the External Auditors of the Funds

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

MANAGEMENT’S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying financial statements have been prepared by RBC Global Asset Management Inc. (“RBC GAM”) as manager of the RBC GAM Investment Funds (the “Funds”) and approved by the Board of Directors of RBC GAM. We are responsible for the information contained within the financial statements. We have maintained appropriate procedures and controls to ensure that timely and reliable financial information is produced. The financial statements have been prepared in compliance with International Financial Reporting Standards (“IFRS”) (and they include certain amounts that are based on estimates and judgments). The significant accounting policies, which we believe are appropriate for the Funds, are described in Note 3 to the financial statements. Damon G. Williams, FSA, FCIA, CFA Heidi Johnston, CPA, CA Chief Executive Officer Chief Financial Officer RBC Global Asset Management Inc. RBC GAM Funds August 9, 2021 Unaudited Interim Financial Statements The accompanying interim financial statements have not been reviewed by the external auditors of the Funds. The external auditors will be auditing the annual financial statements of the Funds in accordance with Canadian generally accepted auditing standards. 2021 INTERIM FINANCIAL STATEMENTS SCHEDULE OF INVESTMENT PORTFOLIO (unaudited) (in $000s) PHILLIPS, HAGER & NORTH CANADIAN GROWTH FUND June 30, 2021 Fair % of Net Fair % of Net Holdings Security Cost Value Assets Holdings Security Cost Value Assets EQUITIES Financials (cont.) CANADIAN EQUITIES 146 780 Element Fleet Communication Services Management Corp. $ 1 170 $ 2 122 195 822 BCE Inc. $ 9 060 $ 11 971 10 137 Fairfax Financial Holdings Ltd. 6 390 5 510 47 176 Quebecor Inc., Class B 1 326 1 560 56 749 Intact Financial Corp. 6 794 9 557 135 764 Rogers Communications Inc., 537 616 Manulife Financial Corporation 11 250 13 118 Class B 6 632 8 947 89 340 National Bank of Canada 5 603 8 288 248 338 Shaw Communications Inc., 215 434 Power Corporation of Canada 5 726 8 441 Class B 6 041 8 918 427 073 Royal Bank of Canada* 26 420 53 636 470 449 TELUS Corp. 11 099 13 078 192 731 Sun Life Financial Inc. 8 037 12 319 34 158 44 474 5.5 470 504 Toronto-Dominion Bank 20 649 40 873 Consumer Discretionary 149 724 253 154 31.4 135 506 Aritzia Inc. 2 189 5 025 Health Care 102 476 AutoCanada Inc. 1 742 5 118 88 122 Bausch Health Co. Inc. 5 987 3 206 47 608 Canada Goose Holdings Inc. 2 381 2 579 132 983 Canopy Growth Corp. 2 557 3 987 12 615 Canadian Tire Corp. Ltd., Class A 1 024 2 475 246 126 Chartwell Retirement Residences 42 726 Dollarama Inc. 2 127 2 424 Real Estate Investment Trust 3 099 3 261 104 548 Magna International Inc., Class A 3 872 11 999 11 643 10 454 1.3 55 113 Pet Valu Holdings Ltd. 1 102 1 474 Industrials 117 862 Recipe Unlimited Corp. 1 469 2 505 45 589 AG Growth International Inc. 1 768 1 756 108 517 Restaurant Brands International Inc. 7 655 8 667 152 004 Air Canada 2 627 3 876 993 327 Zungui Haixi Corp. 2 722 – 147 727 ATS Automation Tooling Systems 3 251 5 256 26 283 42 266 5.2 16 026 Boyd Group Services Inc. 3 119 3 615 Consumer Staples 73 664 CAE Inc. 2 286 2 812 214 923 Alimentation Couche-Tard Inc. 4 996 9 790 186 878 Canadian National Railway Co. 9 571 24 442 548 156 Freshlocal Solutions Inc. 3 294 1 562 225 820 Canadian Pacific Railway Ltd. 9 316 21 525 19 121 George Weston Ltd. 1 733 2 259 16 144 TFI International Inc. 1 485 1 827 68 053 Loblaw Companies Ltd. 3 788 5 192 72 413 Thomson Reuters Corp. 3 071 8 916 84 256 Maple Leaf Foods Inc. 2 568 2 168 69 168 Waste Connections Inc. 5 201 10 244 111 300 Neighbourly Pharmacy Inc. 1 892 3 116 24 318 WSP Global Inc. 2 091 3 519 26 785 Premium Brands Holdings Corp. 2 371 3 373 43 786 87 788 10.9 65 562 Saputo Group Inc. 2 396 2 424 Information Technology 23 038 29 884 3.7 85 908 CGI Inc. 4 749 9 655 Energy 67 955 Descartes Systems Group Inc. 2 946 5 826 387 998 Canadian Natural Resources Ltd. 14 069 17 461 129 500 Farmers Edge Inc. 2 226 1 551 516 382 Enbridge Inc. 22 916 25 628 20 716 Kinaxis Inc. 1 698 3 378 75 103 Keyera Corp. 1 046 2 502 97 500 Magnet Forensics Inc. 1 658 2 489 117 541 Parex Resources Inc. 2 460 2 433 120 722 Open Text Corp. 4 599 7 599 148 424 Pembina Pipeline Corp. 5 435 5 846 28 495 Shopify Inc., Class A 8 570 51 658 534 825 Suncor Energy Inc. 20 392 15 879 65 800 TELUS International CDA Inc. 2 106 2 533 279 949 TC Energy Corp. 12 956 17 172 113 458 VerticalScope Holdings Inc. 2 515 2 638 207 285 Tourmaline Oil Corp. 5 905 7 344 31 067 87 327 10.8 85 179 94 265 11.7 Materials Financials 95 854 Agnico Eagle Mines Ltd. 4 420 7 185 197 492 Bank of Montreal 15 123 25 093 11 534 Centerra Gold Inc. 152 109 298 805 Bank of Nova Scotia 17 443 24 090 102 759 Endeavour Mining Corp. 2 340 2 735 465 312 Brookfield Asset Management Inc., 195 943 First Quantum Minerals Ltd. 3 660 5 598 Class A 10 786 29 426 29 922 Franco-Nevada Corp. 2 198 5 383 3 209 Brookfield Asset Management 109 854 Interfor Corp. 1 602 3 410 Reinsurance Partners Ltd. 221 167 58 889 Kinross Gold Corp. 547 463 145 375 Canadian Imperial 104 845 Kirkland Lake Gold Ltd. 4 796 5 008 Bank of Commerce 14 112 20 514 98 522 Labrador Iron Ore Royalty Corp. 2 510 4 628 The accompanying notes are an integral part of the financial statements. SCHEDULE OF INVESTMENT PORTFOLIO (unaudited) (in $000s) PHILLIPS, HAGER & NORTH CANADIAN GROWTH FUND June 30, 2021 Fair % of Net Fair % of Net Holdings Security Cost Value Assets Holdings Security Cost Value Assets Materials (cont.) Materials 236 943 Lundin Mining Corp. $ 1 259 $ 2 649 58 952 Newmont Corp. $ 2 573 $ 4 632 167 791 Nutrien Ltd. 10 964 12 603 2 573 4 632 0.6 720 257 OceanaGold Corp. 2 139 1 693 Real Estate 60 286 Pan American Silver Corp. 1 115 2 134 1 551 Equinix Inc. Real Estate 367 900 Pan American Silver Corp., Rights – 388 Investment Trust 1 214 1 543 45 403 SSR Mining Inc. 1 099 879 1 214 1 543 0.2 177 259 Teck Resources Ltd., Class B 5 744 5 061 TOTAL UNITED STATES EQUITIES 18 771 28 623 3.6 158 680 Torex Gold Resources Inc. 2 630 2 266 TOTAL EQUITIES 512 433 800 988 99.4 144 194 Wheaton Precious Metals Corp. 3 717 7 879 SHORT-TERM INVESTMENTS† 2 355 2 355 0.3 683 972 Yamana Gold Inc. 3 016 3 570 TOTAL INVESTMENTS 514 788 803 343 99.7 53 908 73 641 9.1 UNREALIZED GAIN ON FOREIGN Real Estate EXCHANGE CONTRACTS (SCHEDULE A) – 36 – 114 268 Allied Properties Real Estate UNREALIZED LOSS ON FOREIGN Investment Trust 4 486 5 148 EXCHANGE CONTRACTS (SCHEDULE A) – (278) – 56 987 Canadian Apartment Properties TOTAL PORTFOLIO $ 514 788 803 101 99.7 Real Estate Investment Trust 2 929 3 312 OTHER NET ASSETS ATTRIBUTABLE 100 652 Choice Properties Real Estate TO HOLDERS OF REDEEMABLE UNITS 2 240 0.3 Investment Trust 827 1 438 NET ASSETS ATTRIBUTABLE 24 403 Colliers International Group Inc. 1 805 3 388 TO HOLDERS OF REDEEMABLE UNITS $ 805 341 100.0 23 662 FirstService Corp. 2 390 5 031 37 748 Granite Real Estate Investment Trust 2 934 3 113 139 881 InterRent Real Estate SCHEDULE A Investment Trust 1 401 2 358 Foreign Exchange Contracts Unrealized 123 752 SmartCentres Real Estate Contracts Maturity Date Gain Investment Trust 2 524 3 635 195 170 Tricon Residential Inc. 2 035 2 783 Bought CAD 1 068 Sold USD 850 @ 1.2564 13-Jul-2021 $ 14 Bought CAD 1 106 Sold USD 881 @ 1.2555 13-Jul-2021 15 21 331 30 206 3.8 Bought CAD 453 Sold USD 365 @ 1.2398 13-Jul-2021 – Utilities Bought CAD 496 Sold USD 400 @ 1.2406 13-Jul-2021 – 242 079 Algonquin Power & Utilities Corp. 2 733 4 471 Bought USD 200 Sold CAD 242 @ 0.8273 13-Jul-2021 6 161 966 AltaGas Ltd. 3 141 4 214 Bought USD 40 Sold CAD 48 @ 0.8256 13-Jul-2021 1 48 805 Brookfield Infrastructure Partners LP 2 507 3 359 $ 36 62 902 Fortis Inc. 3 280 3 451 80 664 Northland Power Inc. 1 884 3 411 Unrealized Contracts Maturity Date Loss 13 545 18 906 2.4 TOTAL CANADIAN EQUITIES 493 662 772 365 95.8 Bought CAD 1 578 Sold USD 1 300 @ 1.2139 13-Jul-2021 $ (33) UNITED STATES EQUITIES Bought CAD 4 275 Sold USD 3 533 @ 1.2101 20-Aug-2021 (105) Communication Services Bought CAD 5 305 Sold USD 4 392 @ 1.2078 03-Sep-2021 (140) 20 268 Match Group Inc. 2 776 4 051 $ (278) 18 000 T-Mobile US Inc. 3 172 3 232 TOTAL FOREIGN EXCHANGE $ (242) 5 948 7 283 0.9 All counterparties have a credit rating of at least A.
Recommended publications
  • Page 1 of 2 Reporting Issuer List - Cover Page

    Page 1 of 2 Reporting Issuer List - Cover Page

    Alberta Securities Commission Page 1 of 2 Reporting Issuer List - Cover Page Reporting Issuers Default When a reporting issuer is noted in default, standardized codes (a number and, if applicable a letter, described in the legend below) will be appear in the column 'Nature of Default'. Every effort is made to ensure the accuracy of this list. A reporting issuer that does not appear on this list or that has inappropriately been noted in default should contact the Alberta Securities Commission (ASC) promptly. A reporting issuer’s management or insiders may be subject to a Management Cease Trade Order, but that order will NOT be shown on the list. Legend 1. The reporting issuer has failed to file the following continuous disclosure document prescribed by Alberta securities laws: (a) annual financial statements; (b) an interim financial report; (c) an annual or interim management's discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP); (d) an annual information form; (AIF); (e) a certification of annual or interim filings under National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings (NI 52-109); (f) proxy materials or a required information circular; (g) an issuer profile supplement on the System for Electronic Disclosure By Insiders (SEDI); (h) a material change report; (i) a written update as required after filing a confidential report of a material change; (j) a business acquisition report; (k) the annual oil and gas disclosure prescribed by National Instrument
  • Download the 2017 Cfa Report

    Download the 2017 Cfa Report

    WFN 2017 UPDATE REPORT Whatcom Whatcom Community Food Food Assessment Network 2017 UPDATE REPORT December 2017 Prepared by Whatcom Food Network CFA Update Subcommittee WFN 2017 UPDATE REPORT Table of Contents 1 ACKNOWLEDGMENTS 2 INTRODUCTION 3 METHODOLOGY 4-5 SUMMARY OF FINDINGS Key Themes SECTOR SUMMARIES 6-7 Land 8-10 Water 11-14 Farming 15-17 Fishing 18-19 Labor 20-21 Processing & Distribution 22-24 Consumption 25-27 Waste APPENDIX 28 A. Key Informant Interview Questions & Methodology 29 B. Participants Acknowledgments THE WHATCOM FOOD NETWORK CFA UPDATE REPORT WAS PREPARED BY: Members of the Whatcom Food Network CFA Update Subcommittee: • Mardi Solomon, Whatcom Farm-to-School Support Team • Diane Smith, WSU Whatcom County Extension • Matia Jones, Western Washington University • Diana Meeks, Whatcom Food Network Assistant With additional help from: • Cindy Scott 1 Introduction WHAT IS A COMMUNITY FOOD ASSESSMENT? BACKGROUND AND PURPOSE A community food assessment (CFA) is a way to The first Whatcom Community Food Assessment was understand how a local food system is working from published in early 2011, primarily using qualitative and multiple viewpoints within each sector and across all quantitative data gathered in 2007-2009. In 2013, the sectors – land, water, farming, fishing, labor, processing Whatcom Food Network undertook the first CFA update and distribution, consumption, and waste. It provides and committed to continuing updates every 3-4 years. a snapshot of the challenges and opportunities within The 2017 CFA Update presents key developments since our local food system and can be used to set goals, 2013 and provides a snapshot of the current status of and improve or develop programs such as farmland each food system sector.
  • Walmart Canada's

    Walmart Canada's

    Walmart Canada’s Corporate Social Responsibility Report Environment People Ethical Sourcing Community Published September 2011 Introduction Corporate Social Responsibility Report Published September 2011 Message from the President and CEO Welcome to our latest CSR Report. This year’s theme is collaboration – it’s about working with our corporate peers, stakeholders, and even retail competitors to pursue the solutions to challenges which concern us all. We see this report as a powerful tool for corporate good. Our size gives us considerable influence and with it comes considerable responsibility – a role we embrace in order to help Canadians save money and live better. Our goal is to present an open look into the impact of our operations in Canada over the past year. This latest report frames our diverse activities into four broad categories of CSR: Environment, People, Ethical Sourcing and Community. In each area, we highlight our efforts and actions, both large and small – and summarize our current programs and challenges while outlining plans to keep improving in the future. Now ready to share this report with stakeholders, we are tremendously proud of the progress to date but equally aware of how much is still left to do. In the spirit of collaboration that permeates this report, I welcome your feedback to help us better pursue and attain our goals. David Cheesewright President and CEO, Walmart Canada What to look for in our 2011 CSR Report: Key Performance Indicators (KPIs) .........................................................................................................................3
  • DFA Canada Canadian Vector Equity Fund - Class a As of July 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change

    DFA Canada Canadian Vector Equity Fund - Class a As of July 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change

    DFA Canada Canadian Vector Equity Fund - Class A As of July 31, 2021 (Updated Monthly) Source: RBC Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. Your use of this website signifies that you agree to follow and be bound by the terms and conditions of
  • Preparing for Growth: Capitalizing on a Period of Progress and Stability

    Preparing for Growth: Capitalizing on a Period of Progress and Stability

    Preparing for growth: Capitalizing on a period of progress and stability www.pwc.com/ca/canadianmine A year of stability Contents 2 A year of stability 3 Highlights and analysis 7 Agnico Eagle: Perfecting a successful 60 year-old strategy 9 Osisko Gold Royalties: Disrupting the cycle An interview with John Matheson, Partner, PwC Canada 11 Savvy investments in stable times Call it breathing room. Over the last year, into Eastern and Central Europe with its Canada’s major mining companies have Belt and Road Initiative (formerly One Belt entered a period of relative stability after and One Road) is increasing demand for weathering a frenzied period of boom, industrial products. bust and recovery. Globally, the geopolitical situation will About this report The sector has been paying down debt, likely remain volatile through 2018 and Preparing for growth is one of improving balance sheets and judiciously beyond. While bullion largely shrugged four publications in our annual investing in capital projects, on trend with off 2017’s world events, international Canadian mine series looking at the wider global mining industry in 2017. uncertainties could yet become an the realities and priorities of public Maintaining flexibility and increasing upward force on gold prices. The success mining companies headquartered efficiency are key goals for many executive of stock markets around the globe last in Canada. It offers a summary of financial analysis of the top 25 teams as they try to position themselves to year dampened general investor interest listings by market capitalization on capitalize on the next stages of the cycle. in gold equities, with the precious metal the TSX and complements our Junior Some companies have sought to enhance traditionally serving as a hedge against mine 2017 report, which analyzes the operations through acquisitions, but on market downturns, said David Smith, top 100 listings on the TSX Venture the whole, 2017 saw few eye-popping Senior Vice President of Finance and Chief Exchange (TSX-V).
  • IEA: the Role of Critical Minerals in Clean Energy Transitions

    IEA: the Role of Critical Minerals in Clean Energy Transitions

    The Role of Critical Minerals in Clean Energy Transitions World Energy Outlook Special Report INTERNATIONAL ENERGY AGENCY The IEA examines the full spectrum of IEA member countries: Spain energy issues including oil, gas and Australia Sweden coal supply and demand, renewable Austria Switzerland energy technologies, electricity Belgium Turkey markets, energy efficiency, access to Canada United Kingdom energy, demand side management Czech Republic United States and much more. Through its work, the Denmark IEA advocates policies that will Estonia IEA association countries: enhance the reliability, affordability Finland Brazil and sustainability of energy in its 30 France China member countries, 8 association Germany India countries and beyond. Greece Indonesia Hungary Morocco Please note that this publication is Ireland Singapore subject to specific restrictions that Italy South Africa limit its use and distribution. The Japan Thailand terms and conditions are available Korea online at www.iea.org/t&c/ Luxembourg Mexico This publication and any map included herein are Netherlands without prejudice to the status of or sovereignty New Zealand over any territory, to the delimitation of international frontiers and boundaries and to the Norway name of any territory, city or area. Poland Portugal Slovak Republic Source: IEA. All rights reserved. International Energy Agency Website: www.iea.org The Role of Critical Minerals in Clean Energy Transitions Foreword Foreword Ever since the International Energy Agency (IEA) was founded in world to anticipate and navigate possible disruptions and avoid 1974 in the wake of severe disruptions to global oil markets that damaging outcomes for our economies and our planet. shook the world economy, its core mission has been to foster secure This special report is the most comprehensive global study of this and affordable energy supplies.
  • Top 20 Largest - Consolidated Short Position Report

    Top 20 Largest - Consolidated Short Position Report

    Top 20 Largest - Consolidated Short Position Report Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending November 15th, 2015. TSX Markets (a division of TSX Inc.) collects this information on behalf of Investment Industry Organization of Canada. Participating Organizations are required to file this information pursuant to Universal Market Integrity Rule 10.10. Issue Name Symbol As of Nov 15 As of Oct 31 Net Change ISHARES S&P/TSX 60 INDEX ETF UNITS XIU 70,940,386 60,496,495 10,443,891 BOMBARDIER INC. CL 'B' SV BBD.B 56,359,295 54,360,779 1,998,516 TORONTO-DOMINION BANK (THE) TD 52,801,992 54,837,589 -2,035,597 ATHABASCA OIL CORPORATION J ATH 49,294,189 48,636,208 657,981 LUNDIN MINING CORPORATION LUN 39,088,920 38,967,708 121,212 FIRST QUANTUM MINERALS LTD. J FM 35,734,602 34,091,110 1,643,492 NEW GOLD INC. NGD 32,870,049 31,294,087 1,575,962 ENBRIDGE INC. ENB 30,662,631 34,016,903 -3,354,272 PENN WEST PETROLEUM LTD. PWT 28,671,163 28,300,419 370,744 POTASH CORPORATION OF POT 28,520,036 30,436,931 -1,916,895 SASKATCHEWAN INC. MANULIFE FINANCIAL CORPORATION MFC 27,940,840 27,318,114 622,726 KINROSS GOLD CORPORATION K 27,676,875 27,409,453 267,422 B2GOLD CORP.
  • Company Presentation August 2021

    Company Presentation August 2021

    Company Presentation August 2021 + + + www.freshlocalsolutions.com Copyright © 2021. Freshlocal Solutions. Private & Confidential. All Rights Reserved 8/11/2021 1 Disclaimer and Forward-Looking Information Disclaimer This Presentation has been prepared by Freshlocal Solutions Inc. (“Freshlocal” or the “Company”, “we”, “us” or “our”) for information purposes only and is not intended to form the basis of any investment decision. It does not constitute an offer or invitation for the sale or purchase of any securities, businesses and/or assets or any recommendation or commitment by Freshlocal or any other person and neither this presentation, nor its contents nor any other written or oral information made available in connection with this presentation shall form the basis of any agreement or transaction. This Presentation does not purport to be comprehensive or to contain all the information that a recipient may need relating to Freshlocal. No representation or warranty, express or implied, is given and, so far as is permitted by law and no responsibility or liability is accepted by any person, with respect to the accuracy or completeness of the presentation or its contents or any oral or written communication in connection with the Presentation. In particular, but without limitation, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on, any projections, targets or estimates contained in this presentation. Estimates, projections, targets, statistics and opinions contained in this Presentation are based on information available to Freshlocal. All estimates, statistics and opinions by their nature are based on a number of assumptions which may not prove to be correct and are inherently subjective.
  • Notice to Participating Organizations 2005-028

    Notice to Participating Organizations 2005-028

    Notice to Participating Organizations --------------------------------------------------------------------------------------------------------------------- August 12, 2005 2005-028 Addition of Market On Close (MOC) Eligible Securities Toronto Stock Exchange will roll out MOC eligibility to the symbols of the S&P/TSX Composite Index in preparation for the quarter end index rebalancing on September 16, 2005. TSX will enable MOC eligibility in two phases: I. S&P/TSX Mid Cap Index will become MOC eligible effective September 6, 2005. II. S&P/TSX Small Cap Index will become MOC eligible effective September 12, 2005. A list of securities for each of these indices follows this notice. To ensure you are viewing the most current list of securities, please visit the Standard and Poor's website at www.standardandpoors.com prior to the above rollout dates. “S&P” is a trade-mark owned by The McGraw-Hill, Companies Inc. and “TSX” is a trade- mark owned by TSX Inc. MOC Eligible effective MOC Eligible effective September 6, 2005 September 12, 2005 S&P TSX Mid Cap S&P TSX Small Cap SYMBOL COMPANY SYMBOL COMPANY ABZ Aber Diamond Corporation AAC.NV.B Alliance Atlantis Communications Inc. ACM.NV.A Astral Media Inc. AAH Aastra Technologies Ltd. ACO.NV.X Atco Ltd. ACE.RV ACE Aviation Holdings Inc. AGE Agnico-Eagle Mines AEZ Aeterna Zentaris Inc. AGF.NV AGF Management Ltd. AGA Algoma Steel Inc. AIT Aliant Inc. ANP Angiotech Pharmaceuticals Inc. ATA ATS Automation Tooling Systems Inc. ATD.SV.B Alimentation Couche-Tard Inc. AXP Axcan Pharma Inc. AU.LV Agricore United BLD Ballard Power Systems Inc. AUR Aur Resources Inc.
  • Appraisal Manual for Centrally Valued Natural Resource Property

    Appraisal Manual for Centrally Valued Natural Resource Property

    Appraisal Manual For Centrally Valued Natural Resource Property Valuation Guidelines for Natural Resource Property Preface Preface The Department of Revenue’s Local Jurisdictions District is responsible for ensuring fair, accurate, and uniform property valuations as prescribed by Arizona statutes. The Local Jurisdictions District contains the Centrally Valued Property Unit which is responsible for producing this manual. The Centrally Valued Property Unit is responsible for determining the full cash value of certain utilities, railroads, airlines, private rail cars, mines, and other complex or geographically diverse property. With the exception of airline and private rail car valuations, the values are then transmitted for entry on the individual county tax rolls for levy and collection of property taxes. The manual is produced each year to serve as a guide in the appraisal of mines and other natural resource property. The techniques, procedures, and factors described in the manual are reviewed annually and revised in accordance with standard appraisal methods and techniques along with changes in statutes, rules, and regulations. Revisions are also made based on case law decisions. The procedures described in the manual are designed to assist the appraiser in the application of the income, cost, and market approach methods of valuation to these properties for the current tax year. This manual is intended for use in ad valorem appraisal of specific centrally valued property including producing mines, certain non-producing mines, qualifying environmental technology property and oil, gas, and geothermal interests in Arizona. The guidelines in this manual are used to establish full cash values for these properties as of January 1 of the valuation year.
  • Linde Equity Research TSX Performance Review 2011 Q2: TSX Composite Gives Back Q1 Gains Most Important Sectors All Register Losses in Q2 Q2 Sector Returns

    Linde Equity Research TSX Performance Review 2011 Q2: TSX Composite Gives Back Q1 Gains Most Important Sectors All Register Losses in Q2 Q2 Sector Returns

    Linde Equity Research TSX Performance Review 2011 Q2: TSX Composite gives back Q1 gains Most important sectors all register losses in Q2 Q2 Sector Returns Telecommunications Services 7.54% Health Care 3.31% Consumer Staples 1.62% Industrials 1.42% Consumer Discretionary 0.11% -0.54% Utilities -3.64% Financials -5.78% S&P/TSX Composite -8.60% Materials -9.11% Energy -31.44% Consumer Discretionary Information Technology -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% • The S&P/TSX Composite lost 5.8% in Q2. 2011 Index Returns Q2 YTD • Of the 265 stocks that were in the TSX S&P/TSX Composite -5.78% -1.06% Composite at some point during Q2, 177 (67%) lost ground in the quarter. S&P/TSX 60 (Large Cap) -5.59% -0.62% • The TSX 60 (large cap) outperformed mid-cap S&P/TSX Completion (Mid) -6.32% -2.38% and small-cap stocks for the second straight S&P/TSX Small Cap -8.75% -5.37% quarter, consistent with late-bull market periods. • In Q2, the Canadian market lagged the US Q2 Biggest Contributors Q2 Biggest Detractors market in home currency terms (US returned -0.4%) and in Canadian dollar terms (US BCE Inc Research in Motion returned -0.9% in C$ terms). TransCanada Corporation Suncor Energy • Information Technology was the worst performing sector due to weakness from Research in Motion. Equinox Minerals Cdn Natural Resources • Energy (Canada’s 2nd biggest sector) was the Rogers Communications Barrick Gold second worst performing sector on weakening oil Canadian National Railways Royal Bank of Canada and gas prices (worst sector worldwide).
  • Q4 Performance Review

    Q4 Performance Review

    BEAM | Q4-2018 / Annual Performance Review February 7, 2019 8888 University Drive | Burnaby | British Columbia | Canada | www.beedie.sfu.ca/beam Agenda I. Executive Summary Blake Coombes Portfolio Manager II. Fixed Income Update Carl Davies Portfolio Manager III. Equity Update Philip Tashin Portfolio Manager IV. Going Forward Blake Coombes Portfolio Manager V. Questions VI. Appendix I. Executive Summary Blake Coombes | Portfolio Manager [email protected] I. Executive Summary BEAM Overview - Objectives 1 To preserve inflation-adjusted invested capital To outperform the equity benchmark by 150 basis points and outperform the fixed 2 income benchmark by 40 basis points on a rolling 4-year average Use ESG as a tool to conform to SFU endowment responsibilities and the UN’s 3 principles for responsible investment Provide an engaging educational experience that trains the next generation of 4 responsible and ethical finance professionals 4 Program has been a positive educational experience Alumni well prepared for first job placements Alumni Feedback Alumni Placements Other How valuable was BEAM in getting your first job? 24% Investment Banking 4.5/5.0 41% Consulting 10% Equity How was your overall experience in BEAM? Research Asset 10% Management 14% Other placements include: 4.7/5.0 ▪ Private Equity ▪ Technology ▪ Sales & Trading ▪ Corporate Finance ▪ Accounting ▪ Corporate Development ▪ Public Sector 5 Successfully recruited 12 new members New interview process contained team-based project Round 1 Round 2 All were invited for Round 2 interview Candidates separated into teams and Individual interviews were conducted presented a buy/sell recommendation on a assessing technical and behavior skills along company (2.5 hours allotted time) with market knowledge Moving Forward 9th Cohort Contracts Signed First Meeting Cohort Training Interviews Complete In Progress Jan.