Download The

Total Page:16

File Type:pdf, Size:1020Kb

Download The WOMEN LEAD HERE: MARK CARNEYONHOW DO YOUREALLY, HONESTLY, MEET THE CANADIANS OUR BENCHMARK REPORT TO SAVE THE WORLD (AND TRULYNEED TO CARE AT THE FOREFRONT OF A ON FEMALE LEADERSHIP MAKE MONEYDOING IT) ABOUT BITCOIN? U.S. BIOTECH BOOM UNDERESTIMATE ME. THAT’LL BE FUN LAURENTIAN BANK IS FACING A FIGHT.GOOD THING ITSNEW CEO, RANIA LLEWELLYN, HASNEVER BACKED DOWN FROM ONE APRIL 2021 INNOVATION ARENA COMING 2023 Imagine an epicentre fornew and growing companies. Acatalyst forbreakthroughs in health tech and innovation. And acommunity foremerging talent, researchers and health experts. Ourgreatest impact happens together. MORE THAN ASPACE. The Innovation Arena, located in the City of Kitchener’s Innovation District, will amplifyWaterloo region’s health tech sector.With Velocity –Canada’s most productive incubator –atits core, the Innovation Arena will streamline commercialization pathways for businesses, fast-track delivery of health technologies and drive Canada’s next wave of economic growth. Connect with us uwaterloo.ca/innovation-arena FP1322 Contents WOMEN LEAD HERE 2 EDITOR’SNOTE OUR ANNUAL BENCHMARK STUDY 4 SEVEN THINGS OF WOMEN IN CORPORATELEADERSHIP It’s not just you—two- thirds of Canadians are ABOUT TIME holding on to meh jobs It’s Rania Llewellyn’s job to fix during the pandemic. Laurentian Bank. As the first woman Plus, whywomen often to leadamajor Canadian bank, she’s settle fornot-so-dream jobs and howgrey up to the task. /ByJoanna Pachner skies could sink your startup Meet the 71 companies thatmade our list, plus fiveCEOs on moving 7 NEED TO KNOW diversityand inclusion beyond gender Aradical idea for improving drug development: quit sooner 9 BIG IDEA Connecting with a SON different sort of mentor TRICK AS 11 ASK AN EXPERT CC Canyou lose your job forflouting public- ION REBE health guidelines AT outside of work? (Spoiler: absolutely) 12 THE EXCHANGE Two-time central bank governor and AHDESMAKI; ILLUSTR first-time author Mark UL Carneyhas stared into the abyssofseveral financial crises. Nowhe’sleading Brookfield’scharge to RD; (RIGHT) MARKK save the planet (and WA makemoneydoing it) 52 WEALTH O’SHANE HO Andrew Simpson’s BY funds onlyinvest in companies thatmeet AZINE AG sociallyresponsible BM How Anne of criteria—which is RO Green Gables whyhe’ll take the OR helped launch FAANG stocks, minus YF John Hamer’s 36 44 Facebook VC career page 41 SAYEHHHH GREATEST SHOWONEARTH 56 TURNING POINT Canada has produced some of Formuch of its existence, ForTop Hat’sMike the biggest names in biotech bitcoin could be dismissed as Silagadze,being CEO (including the guywho financed apeculiar butpassing fad. But GRAPHED EXCLUSIVEL meant awhole lot of TO COVID-19 vaccine maker now, the worldoftraditional stress—which is why Moderna). Toobad theyall left financeiSScrambling to he decided to hand the job to someone else VER PHO forthe U.S. /BySeanSilcoff catchup. /ByJason Kirby CO 2 APRIL 2021 /REPORTONBUSINESS April 2021, Volume 37,No. 4 Editor’s Note Editorial Editor JAMES COWAN Assistant Editor DAWN CALLEJA Senior Editor JOHN DALY CopyEditors MICHAEL BARCLAY, SUSAN NERBERG Research CATHERINE DOWLING, ANNA-KAISAWALKER Art ArtDirector DOMENIC MACRI Associate ArtDirector BRENNAN HIGGINBOTHAM Director of Photography CLARE VANDER MEERSCH Contributors DEBORAH AARTS,LIZA AGRBA, JOE CASTALDO,TREVOR COLE, ROSEMARY COUNTER, TIM KILADZE, JASONKIRBY, SUSAN KRASHINSKYROBERTSON, ALEX MLYNEK, JOANNA PACHNER, JUDITH PEREIRA Advertising Chief Revenue Officer ANDREW SAUNDERS Managing Director,Creative Studios and Ad Innovation TRACY DAY Senior Manager,Special Products ANDREA D’ANDRADE Product Manager Getting past good enough RYAN HYSTEAD Production Vice President, Print Operations Earlier this year,The Globe and Mail published an article filled with damn- SALLYPIRRI ing statistics documenting just howfew women occupythe C-suites of corpo- Production Co-ordinator rate Canada. Just 13%ofsenior executivesatthe country’sbiggest companies ISABELLE CABRAL were women; only4%ofthe firms dfha emale chief executives. Thepiecewas a Publisher PHILLIP CRAWLEY meticulous examination of the problem and the systemic reasons behind it. But Editor-in-Chief, TheGlobe and Mail if youneeded the issue summarized in asingle sentence, hereitis: “Thereare DAVID WALMSLEY moremale CEOs named Michael at Canada’slargest publiclytraded corpora- Managing Director,Business and Financial Products tions than thereare female CEOs.” GARTH THOMAS That wonderful, horrible line waswrittenbyTavia Grant, who, along with Editor,ReportonBusiness RobynDoolittle,Chen Wang and manyofour other Globe colleagues, have pro- GARYSALEWICZ duced ThePowerGap,aseries thatexposes the inequityfacing women across ReportonBusiness magazine is the private and public sectors. Takentogether,their investigation demonstrates published 7times ayearbyThe Globe and Mail Inc., 351King Street E., Toronto thatwomen arestill “outnumbered, outranked and outearned” in major institu- M5A 0N1. Telephone 416-585-5000. tions, from crowncorporations to municipal governments. Letters to the Editor: We launched our ownattempt to track the extent of female leadership at [email protected]. Thenextissue will be on April 24. Canadian corporations twoyearsago,with Women LeadHere. Our project had Copyright 2021, TheGlobe and Mail. aslightlydifferent, if complementary,mission to ThePowerGap: seeking to Indexedinthe Canadian Periodical Index. identify firms at the forefront of appointing women intoexecutive roles. The Advertising Offices Head Office, TheGlobe and Mail, goal wastoset abenchmarkthatall companies in Canada could use to assess 351King Street E., TorontoM5A 0N1 their progress.Wewereaware thatmost companies arealong wayfromachiev- Telephone 416-585-5111 or toll-free ing gender equityintheir leadership.But it seemed useful to establish what 1-866-999-9237 Branch Offices “good” currentlylooks like. Montreal514-982-3050 Theresearch began with the largest publiclytraded companies. Researchers Vancouver 604-685-0308 evaluatedthe topthree tiersofexecutive leadership,fromthe CEO to senior Calgary 403-245-4987 Email: [email protected] vice-presidents (ortheir equivalents). This year,thatworkidentified 71 compa- United States and countries outside of nies in which women held an averageof44% of the executive roles. Compare North America: AJR Media Group, this result to our 2020 report and you’ll find that—long sigh—not much has 212-426-5932, ajrmediagroup@ changed. Still, thereissome hopeful news.Thereare 34 companies joining our globeandmail.com list forthe first time. Andtoft ou he 37 companies thatalso appeared in 2020, Publications mail registration No.7418. 41% sawanincrease in female leadership.Itshows thereare companies recog- HIRI Thepublisher acceptsnoresponsibility ES forunsolicited manuscripts, nizing thatwhatcurrentlycounts as “good” still isn’t good enough. Making this HK transparencies or other material. an annual initiative allows us to track both progress and setbacks. OS Printed in Canada by Transcontinental UR Printing Inc. Beyond setting abenchmark, we also want to highlight the approaches, cul- KO ReportonBusiness magazine is electronically tures and mindsets thatcan leadtotangible improvement. Notall corporate available through subscription to Factiva.com from Factiva, at factiva.com/factiva leadersare willing to acknowledgeaproblem or commit to rectifying it. Yet GRAPH Send feedback to or 416-306-2003. manyhaveexpressed asinceredesiretoaddressthe imbalance. Forthem, we’re TO robmagletters@ tgam.ca/r globeandmail.com heretooffer ideas and inspiration. /JamesCowan PHO APRIL 2021 /REPORTONBUSINESS 3 TL;DR Canada needs charging stations forits cars 1 Out of those planning to buy anew vehicle in the next fiveyears,68% intend to purchaseanelectric or ahybrid model, according to aKPMG survey. Butdriverswill need places to plug in afterthe upgrade. CANADIANS WHO BELIEVE… CHARGING CARMAKERS STATIONS SHOULD 83% SHOULD BE 89% HELP PAY AT EVERY 04/21 FORELECTRIC GASSTATION, CHARGING PLUS MALLS AND INFRASTRUCTURE GROCERYSTORES Driving ranges ONLINE BOOZESHOPPING arethe hottest 3 IS TAKING OFF sports venues TheUnited States will replaceChina as the largest market foronline alcohol sales 2.“Off-course”golf,including driving in the world within the next two years, according to IWSR,adatafirm. rangesand similar venues, is the fastest growing physical activity, 2019 $7 BILLION according to the Sports and Fitness $3.1 CHINA Industry Association. $8.6 2020 $5.6 UNITED STATES TOP5SPORTS WITH HIGHEST 2021 $8.8 GROWTH IN PARTICIPATION $9.4 (2015-2020) 2022 $12.4 OFF-COURSE GOLF: 72% PICKLEBALL 67% AMAJORITY OF 5 SKATEBOARDING 38% CANADIANS ARE TENNIS 21% Women often get 6 “SHELTERING” badcareer advice IN THEIR JOBS FLAG FOOTBALL “Female students 68% of respondents to aLinkedIn survey are 20% prioritizing asteady paycheque overwork they aremore find rewarding or career growth. dissuaded from their preferred career path than male students, and Burgers arestill king While Popeye’sfried chicken sandwich 4 this differenceis has spurred anew trend in fast food, INVESTORS in part explained hamburgerswerestill the toppick among Canadians lastyear, according 7 GIVE LESS ON by professionals’ to the NPD Group. greateremphasis CLOUDYDAYS SERVINGSSOLD IN 2020 on work-life “Do investors’ moods influencetheir contributions to riskyinvestments balancewhen in equitycrowdfunding?Yes.…Our resultsindicatethatchange in sky responding to HAMBURGERS BREADED CHICKEN BBQCHICKEN cloud coverfromzerotofull reduces female students.” 739MILLION
Recommended publications
  • 2021 Salary Projection Survey Summary
    2021 Salary Projection Survey Insights on compensation trends expected in 2021 - Summary report 38th edition | September 2020 Table of contents 1 Introduction 2 Compensation consulting 3 Participant profile 6 Survey highlights 8 Historical base salary increase trend 9 Base salary 11 Salary structure 13 Survey participants 22 Notice 22 For more information Introduction The results presented in this report are an analysis of responses collected between July and August 2020 to the 38th edition of Morneau Shepell’s 2021 Salary Projection Survey. The data represents a broad cross-section of industries representing 889 organizations across Canada and provides data on actual salary budget increase percentages for the past and current years, along with projected increases for next year. • The report contains segmented data and a detailed analysis by Morneau Shepell’s compensation consultants. • Survey participation jumped over 75% on a year over year basis from 506 organizations participating in 2019, to 889 in 2020. Many of these organizations also participated in our 2020 Canadian Salary Surveys. • Survey data includes actual 2020 and projected 2021 base salary increases and salary structure adjustments. • Survey data is reported excluding zeros and including zeros (freezes) but does not include temporary rollbacks due to COVID-19. • Findings are summarized for non-unionized employees. • Statistical requirements applied to the data analysis include a minimum of three organizations for average/mean reported results, and a minimum of five organizations
    [Show full text]
  • BANK MERGERS: IS BIGGER BETTER? Introduction
    BANK MERGERS: IS BIGGER BETTER? Introduction In January 1998, the Bank of Montreal and the Royal Bank of Canada announced plans to merge and create one superbank. A few months later, in April, the Toronto Dominion Bank and the Canadian Imperial Bank of Commerce announced similar plans. The proposed bank mergers caught many people off guard, including Minister of Finance Paul Martin. In a Macleans interview, Martin said, "Just because they decided to get into bed together doesnt mean that I have to bless their union." Martins message seemed to be that Ottawa, not the banks, would decide the future of banking in Canada. "There will be no mergers in the banking sector until we are convinced that [it] is what is best for Canadians, and we will not be stampeded into making that decision." According to the banks, the proposed mergers were a natural response to a changing and highly competitive global marketplace. Mergers, they said, provide a way of maintaining a strong Canadian presence in the banking industry. Certainly, recent technological advances have dramatically changed the manner in which the financial services industry conduct their business, and the above- mentioned banks feel, therefore, that they need to be bigger to compete and to have a substantial presence in the global banking community. Martin himself acknowledged the changed nature of banking when he said, "If you look back at banking five years ago, you might as well look back two centuries." While the proposed bank mergers brought attention to the challenges facing Canadas banks, these challenges are not peculiar to the banks alone.
    [Show full text]
  • Financial Services Profit Survey Financial Results for the Three Months Ended Dec
    10 | INVESTMENT EXECUTIVE NEWS April 2018 FINANCIAL SERVICES PROFIT SURVEY FINANCIAL RESULTS FOR THE THREE MONTHS ENDED DEC. 31, 2017, UNLESS OTHERWISE NOTED Banks and deposit-taking institutions U.S. tax 2 3 4 5 ASSETS REVENUE NET INCOME EPS ($) EFFICIENCY RATIO (%) CASH FLOW ROE (%) ($BIL.) % CHG. ($MIL.) % CHG. ($MIL.) % CHG. ’16 ’17 ’16 ’17 ($MIL.) % CHG. ’16 ’17 Bank of Montreal (Jan. 31)1,6 728 5.1 5,801 5.1 976 -28.7 2.01 1.43 60.9 62.6 8,224 3.3 12.1 13.3 reform Bank of Nova Scotia (Jan. 31) 923 4.1 7,088 3.2 2,337 16.3 1.57 1.86 52.2 47.7 8,678 43.8 13.8 14.6 CIBC (Jan. 31)1 587 14.3 4,612 6.6 1,335 14.9 2.88 2.96 52.6 55.9 2,593 N/A 18.1 16.8 Canadian Western Bank (Jan. 31) 28 12.5 193 10.3 66 23.3 0.56 0.69 46.2 44.6 -190 N/A 9.1 9.7 Equitable Group 21 8.8 89 0.8 40 -3.0 2.56 2.36 33.9 37.3 -4 N/A 15.1 15.9 takes a Home Capital Group 18 -14.3 110 -24.7 31 -39.6 0.79 0.38 48.8 59.8 -999 N/A 16.6 2.5 HSBC Bank Canada 96 1.8 540 5.5 152 -19.1 0.36 0.28 62.9 60.6 2,317 N/A 14.8 14.1 Laurentian Bank of Canada (Jan.
    [Show full text]
  • Investor Presentation Q3 F2019
    Investor Presentation VersaBank Q3 F2019 August 28, 2019 Advisory The Bank occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, annual reports and other disclosure documents and communications. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, many of which are out of the Bank’s control. Risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. Readers or users of this information are cautioned not to place undue reliance on these forward-looking statements as a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the strength of the Canadian economy in general and the strength of the local economies within Canada in which the Bank conducts operations; the effects of changes in monetary and fiscal policy, including changes in interest rate policies of the Bank of Canada; global commodity prices, the effects of competition in the markets in which the Bank operates; inflation; capital market fluctuations; the timely development and introduction of new products in receptive markets; the impact of changes in the laws and regulations regulating financial services; changes in tax laws; technological changes; unexpected judicial or regulatory proceedings; unexpected changes in consumer spending and savings habits; and the Bank’s anticipation of and success in managing the risks implicated by the foregoing.
    [Show full text]
  • Directory of the Exchange®Atm Locations in Canada
    DIRECTORY OF THE EXCHANGE®ATM LOCATIONS IN CANADA SUMMER 2006 YOUR ATM NETWORK TABLE OF CONTENTS Alberta ......................................................................................................1 British Columbia .......................................................................................2 Manitoba.................................................................................................14 New Brunswick.......................................................................................15 Newfoundland.........................................................................................18 Nova Scotia ............................................................................................20 Ontario....................................................................................................24 Prince Edward Island..............................................................................37 Quebec...................................................................................................39 Saskatchewan ........................................................................................57 DIRECTORY OF ATM LOCATIONS SUMMER 2006 ALBERTA Calgary Canadian Western Bank Citizens Bank of Canada HSBC Bank Canada 6606 MacLeod Trail SW 505 Third St. SW 407-8th Avenue S.W HSBC Bank Canada HSBC Bank Canada HSBC Bank Canada 212-111 3rd Ave E 95 Crowfoot Centre NW 347 - 58th Avenue SE National Bank of Canada 301 6th Avenue Sw Edmonton Canadian Western Bank HSBC Bank Canada HSBC Bank Canada 10303
    [Show full text]
  • DFA Canada Global 50EQ-50FI Portfolio - Class a (USD) As of March 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change
    DFA Canada Global 50EQ-50FI Portfolio - Class A (USD) As of March 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. This fund operates as a fund-of-funds and generally allocates its assets among other mutual funds, but has the ability to invest in securities and derivatives directly. The holdings listed below contain both the investment holdings of the corresponding underlying funds as well as any direct investments of the fund.
    [Show full text]
  • Financial & Legal Services
    FINANCIAL & LEGAL SERVICES FINANCIAL & LEGAL FINANCIAL & LEGAL SERVICES There are specialized employment support services for various groups, such as newcomers, people with disabilities, youth, and people with barriers to employment. The services include but are not limited to assistance with resume development, preparation for a job interview, sharing job postings, etc. Some services, such as Work BC, ofer some clothing and equipment (e.g. safety shoes) to eligible clients. Banks & Credit Unions There are five big banks (the Big Five) that operate across the country: Scotiabank, TD Canada Trust, Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), and Bank of Montreal (BMO). All of these banks have presence in the South Okanagan-Similkameen region but only CIBC has branches in smaller communities, such as Keremeos and Princeton. Banks ofer checking and savings accounts, lines of credit, credit cards, mortgages, local and international transfers and more. One particular service that may be of interest to parents is a Registered Educations Savings Plan (RESP) for children, which federal government contributes to. Many banks ofer incentives (e.g. i-pad, TV, cash, free services for a certain period of time, etc.) for first time customers. Credit Unions are financial cooperatives controlled by customers. They use a non-profit model of governance – democratically elected volunteer board of directors. Credit Unions ofer same services as banks but have fewer products and do not have a network across the country, so if you travel or move to another region in Canada you may not have the same credit union there. Most Canadians use online banking to manage their finances – you can pay rent, utilities, credit card balances, insurances and more through an online banking platform.
    [Show full text]
  • Pacific & Western Bank of Canada
    PACIFIC & WESTERN BANK OF CANADA Notice of Annual and Special Meeting of Shareholders and Management Proxy Circular Wednesday, April 27, 2016 London, Ontario PACIFIC & WESTERN BANK OF CANADA NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS APRIL 27, 2016 TAKE NOTICE that the Annual and Special Meeting of Shareholders (the “Meeting”) of PACIFIC & WESTERN BANK OF CANADA (the “Bank”) will be held at the London International Airport, Pacific & Western Bank of Canada’s Innovation Centre of Excellence, 1979 Otter Place, London, Ontario on Wednesday, April 27, 2016, at 11:30 a.m. for the following purposes: 1. to receive the financial statements for the fiscal year ended October 31, 2015 and the report of the auditors thereon; 2. to elect directors for the ensuing year; 3. to appoint auditors for the ensuing year and to authorize the directors of the Bank to fix their remuneration; 4. to consider, and if deemed advisable, to confirm a special resolution approving an amendment to section 4.1 of By-Law No. 1 of the Bank relating to fixing the number of directors of the Bank (the “Number of Directors Resolution”); 5. to consider, and if deemed advisable, to confirm a special resolution approving an amendment to section 9.6 of By-law No. 1 of the Bank relating to director remuneration (the “Director Remuneration Resolution”); 6. to consider and, if deemed advisable, to approve a special resolution to change the Bank’s name from Pacific & Western Bank of Canada to VersaBank (the “Name Change Resolution”); 7. to re-approve the existing Stock Option Incentive Plan of the Bank (the “Stock Option Incentive Plan Resolution”); and 8.
    [Show full text]
  • Private Bankers in Ontario Hayseed Capitalists: Private Bankers in Ontario
    HAYSEED CAPITALISTS: PRIVATE BANKERS IN ONTARIO HAYSEED CAPITALISTS: PRIVATE BANKERS IN ONTARIO by STEPHEN EDWARD mORNING, B.A., M.A. A Thesis Submitted to the School of Graduate Studies in Partial Fulfilment of the Requirements for the Degree Doctor of Philosophy McMaster University August, 1994 -- -- --- - --------------- DOCTOR OF PHILOSOPHY (1994) McMASTER UNIVERSITY (History) Hamilton, Ontario TITLE: Hayseed Capitalists: Private Bankers in Ontario AUTHOR: Stephen Edward Thorning, B.A. (University of Guelph) M.A. (McMaster University) SUPERVJSOR: Professor John C. Weaver NUMBER OF PAGES: viii, 502 ii ABSTRACT The structure of the Canadian banking system, and the establishment of strong chartered banks at a relatively early stage, have overshadowed banking institutions that operated outside the chartered system. The non-chartered or private banks can be categorized into three groups: the joint stock banks of the 1830s, the urban private bankers who appeared in the 1850s and after, and the small-town private banks of the post-1868 period. AJI three types of private banks were established to fill perceived niches in the chartered bank system. Those of the 1830s possessed an anti-establishment, hinterland bias. The urban private bankers specialized in savings and foreign exchange transactions, and often branched out into insurance, debentures, and ultimately stocks and bonds. The small town private banks began and prospered when the needs of small hinterland communities outpaced the inclination and ability of chartered banks to provide them with banking facilities. Unlike the urban private bankers, those in small towns offered a full range of banking services, and they often acted as insurance and real estate agencies as well.
    [Show full text]
  • First Steps & Beyond – Success by 6
    First Steps & Beyond A Child Development & Resource Guide Success by 6 Credit Union Partners Central 1 Credit Union Island Savings Credit Union Aldergrove Credit Union Kootenay Savings Credit Union BlueShore Financial Lake View Credit Union First Steps Bulkley Valley Credit Union Mt. Lehman Credit Union CCEC Credit Union Nelson & District Credit Union Coast Capital Savings Credit Union North Peace Savings & Credit Union Coastal Community Credit Union Northern Savings Credit Union & Beyond Columbia Valley Credit Union Osoyoos Credit Union Community Savings Credit Union Prospera Credit Union a child development & resource guide Compensation Employees Credit Union Revelstoke Credit Union Creston and District Credit Union Salmon Arm Savings Credit Union East Kootenay Community Credit Union Sharons Credit Union Enderby & District Financial Spruce Credit Union Envision Financial Summerland & District Credit Union First Credit Union Sunshine Coast Credit Union G&F Financial Group V.P. Credit Union Grand Forks District Credit Union Valley First Greater Vancouver Community Credit Union Vancity Savings Credit Union Heritage Credit Union Vancouver Firefighters Credit Union Integris Credit Union Vantage One Credit Union Published by Success By 6 BC. This guide was Interior Savings Williams Lake & District Credit Union made possible by the generous contributions from the Credit Unions of BC. This guide is not intended to replace medical diagnosis or care but to support parents and caregivers. When needed seek additional information and resources from an appropriate medical facility, service provider or program. Some key contacts are listed at the end of this guide. introduction Congratulations on being a parent, grandparent or caregiver. table of contents You have the most important and rewarding job in the world.
    [Show full text]
  • Management's Discussion and Analysis of Operations and Financial
    MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATIONS AND FINANCIAL CONDITION This management’s discussion and analysis (“MD&A”) of operations and financial condition for the third quarter of Fiscal 2020, dated August 24, 2020, should be read in conjunction with the unaudited interim consolidated financial statements for the period ended July 31, 2020, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”). This MD&A should also be read in conjunction with VersaBank’s (the “Bank”) MD&A and Audited Consolidated Financial Statements for the year ended October 31, 2019, which are available on the Bank’s website at www.versabank.com and SEDAR at www.sedar.com. Except as discussed below, all other factors discussed and referred to in the MD&A for the year ended October 31, 2019, remain substantially unchanged. HIGHLIGHTS (unaudited) for the three months ended for the nine months ended July 31 July 31 July 31 July 31 ($CDN thousands except per share amounts) 2020 2019 2020 2019 Results of operations Interest income $ 20,172 $ 22,958 $ 65,026 $ 66,042 Net interest income 12,384 14,059 40,417 40,242 Non-interest income 8 19 42 42 Total revenue 12,392 14,078 40,459 40,284 Provision (recovery) for credit losses (44) 381 238 (319) Non-interest expenses 6,410 6,860 20,014 20,225 Core cash earnings* 6,026 6,837 20,207 20,378 Core cash earnings per common share* $ 0.29 $ 0.32 $ 0.96 $ 0.96 Net income 4,369 4,963 14,659 14,791 Income per common share: Basic $ 0.18 $ 0.21 $ 0.62 $ 0.62 Diluted $ 0.18 $ 0.21 $ 0.62
    [Show full text]
  • NAME CONTAINER COUNTRY Great Wisconsin CU Credit Card UNITED
    NAME CONTAINER COUNTRY Great Wisconsin CU Credit Card UNITED STATES Unify Financial Credit Card UNITED STATES Hagerstown Trust Bank UNITED STATES Swineford National Bank Bank UNITED STATES Fulton Bank (NJ) Bank UNITED STATES Peoples Bank of Elkton Bank UNITED STATES Premier One FCU Credit Card UNITED STATES American Bar Association Credit Card UNITED STATES Wescom CU Credit Card UNITED STATES DocHes Community CU - Credit Cards Credit Card UNITED STATES BrigHton Commerce Bank Bank UNITED STATES CaltecH Employees FCU Bank UNITED STATES AcHieve Financial CU Bank UNITED STATES Central One FCU Bank UNITED STATES Fort Financial CU Bank UNITED STATES Dort FCU Bank UNITED STATES My Bank (NM) Bank UNITED STATES Bank of RicHmond Bank UNITED STATES Best Buy - Credit Cards Credit Card UNITED STATES Castle Bank Bank UNITED STATES APCO Employees CU Bank UNITED STATES Busey Bank Bank UNITED STATES Bridgewater CU Bank UNITED STATES Columbia Bank Bank UNITED STATES Old Florida Bank Bank UNITED STATES Seattle Metropolitan CU Credit Card UNITED STATES Virginia CU Bank UNITED STATES Austin Bank Bank UNITED STATES Pacific Premier Bank Bank UNITED STATES Chemung Canal Trust Company Bank UNITED STATES ChipHone FCU Bank UNITED STATES Zales Credit Card UNITED STATES Beacon CU Bank UNITED STATES Central State CU Bank UNITED STATES Community Bank of Florida Bank UNITED STATES BankCHampaign Bank UNITED STATES Mabrey Bank Bank UNITED STATES Austin Telco FCU Bank UNITED STATES California Bear FCU Bank UNITED STATES Crane FCU Bank UNITED STATES Bowater Employees CU
    [Show full text]