Investment

CHW Launches New Social Impact Investment Fund

Published

2 years ago

April 5, 2023

TORONTO, April 04, 2023 (GLOBE NEWSWIRE) — Canadian Hadassah-WIZO (CHW) completed its first round of social impact investing in Israel, as part of the inaugural CHW Journey 4 Impact trip of a lifetime. CHW is proud to be the first organization to launch a social impact investing fund in Israel through a gender lens strategy.

CHW is committed to a gender-lens impact investment strategy, to focus on equality and informed investment decisions impacting numerous social issues comprising gender disparities, social mobility, and economic opportunities for women; all closely aligned with UN Sustainable Development Goals (SDGs). “CHW’s investment strategy ensures empowerment and investment for women entrepreneurs to promote socially conscious businesses that impact Israeli society to improve lives. Each investment not only empowers the start-up community but supports a sustainable future for the next generation of small businesses/SMEs in Israel,” said Lisa Colt-Kotler, CHW CEO.

At the culmination of the Journey 4 Impact trip, participating investors evolved into the judges at the hybrid launch. The event was live-streamed in Canada and evaluated a pre-vetted selection of three women-led, social enterprises, including Relyon.AI, Social Space TLV, and Tech19.The core objective was to enable women entrepreneurs to launch socially conscious businesses that generate impact in Israel, provide employment for at-risk women, and provide education about gender-based violence. The entrepreneurs secured critical capital from CHW investors through a pool of impact investment funds. After an intense deliberation, the team of judges awarded $180,000 CAD to Tech19 and $120,000 CAD to Social Space TLV. Relyon.AI will receive mentorship, business consultations, and networking opportunities through CHW.

Social Space TLV is a social innovation and education hub that sparks discussion around human trafficking and gender-based violence. Social Space TLV, established in 2019 on the former site of the Pussycat strip club, now engages over 60,000 visitors a year on site through its educational programs. Social Space TLV supports the conversion of abandoned buildings across Israel to create environments to encourage discussion, debriefing sessions and numerous educational experiences.Tech-19 is a member of Group 19, a business model that combines diversity, stability, professionalism and profitability to offer employment solutions for Israeli women in marginal communities. Tech-19 has been established to provide quality high tech employment opportunities, training and skills development for women in the peripheral town of Yerucham. Lisa Stadelbauer, Ambassador of Canada to Israel, who attended the launch event, reflects on this new initiative:

“I am proud to participate in CHW’s new initiative, Social Impact Investing through a Gender Lens. Canada is so committed to enhancing the role of women in the economy and there is a Trade and Gender chapter in the updated Canada-Israeli Free Trade Agreement. CHW’s work with women and girls in Israel and at home is incredibly important. With this new initiative, many worthy projects will now receive a CHW investment to help them grow as they help others.”CHW will be tracking the impact and all investors will receive annual information about the impact these organizations have made in Israel. CHW’s investment will continue to have impact year after year, empowering women, growing employment opportunities, and creating a sustainable future for the next generation of entrepreneurs and social enterprises in Israel.

Join CHW October 23-30, 2023 in Israel for the second annual Journey 4 Impact and experience amazing challenges with a purpose, create social impact and economic independence for women entrepreneurs, and be the change to create a sustainable tomorrow.

To participate and learn more about Journey 4 Impact 2023, visit www.chw.ca/journey-4-impact.

Source link

Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

7 days ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link

Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

2 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link

Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

2 weeks ago

October 10, 2024

Anne Joseph

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

Source link