A non-profit conservation group is calling on the province to invest an additional $60 million in upgrades, infrastructure, education and staffing to secure a sustainable future for B.C.’s parks.
B.C. Parks saw its budget reduced slightly from $41.7 million to $40.6 million this year. Bruce Passmore, executive director of the B.C. Chapter of the Canadian Parks and Wilderness Society, says this budget needs to be boosted drastically if the province expects to keep its wilderness areas pristine for years to come.
B.C. Parks has been “chronically underfunded” for a decade, he said.
“We’re seeing more pressure on trails, more pressure on infrastructure and more pressure on the environment that B.C. Parks just can’t keep up with,” Passmore said.
“It’s unprecedented to see this level of increase.”
B.C. Parks manages one of the largest parks systems in North America, with more than 14 million hectares and 1,034 parks and protected areas.
Locals have flocked to parks, booking up campsites in since the pandemic began and borders closed.
It’s put added stress on staff, infrastructure and the environment, Passmore said, adding he recently saw 30 tents in an area meant for four tents at Golden Ears Provincial Park.
Signs of neglect include visitors reporting outhouses missing doors, eroding trails, and missing or worn signage on trails, which can lead to safety issues, he said.
The province acknowledges the parks have become more popular than ever.
In a statement, it said $4 million of this year’s budget has been allocated for campsite expansion, in addition to $13.9 million allotted to improve existing facilities.
This year, the province says it is making $240,000 available for volunteer and community-led projects to support conservation and recreation through its Park Enhancement Fund.
In May, BC Parks also received an additional $8.1 million toward its operating costs.
‘This is the time to do it’
Passmore says some new protocols, like the day pass system meant to ease congestion on some of the most popular trails, are a good start.
But he says a further $60 million investment in parks would improve the trail system, ensure the back country is monitored for safety and ecological integrity, build bridges and maintain trails to minimize further damage, and educate park users.
B.C.’s parks are an important part of the province’s economy, he said.
Passmore believes more investment could create more job opportunities, increase tourism and Indigenous stewardship — and that the pandemic is a good time to think about the future.
“It has the potential to play a really important part in B.C.’s economic recovery,” he said.
“This is the time to do it, when we don’t have the international pressure. Whenever international tourism starts to come back again, if we don’t solve this problem now, with the amount of visitation we’re seeing just domestically, we’re going to have a real problem when we open up internationally.”
COVID-19 forces one of the biggest surges in technology investment in history, finds world's largest technology leadership survey – Canada NewsWire
The largest technology leadership survey in the world of over 4,200 IT leaders, analyzing responses from organizations with a combined technology spend of over US$250bn, also found that despite this huge surge of spending, and security & privacy being the top investment during COVID-19, 4 in 10 IT leaders report that their company has experienced more cyber attacks.
Bev White, CEO of Harvey Nash Group said: “This unexpected and unplanned surge in technology investment has also been accompanied by massive changes in how organizations operate – with more organizational change in the last six months than we have seen in the last ten years. Success will largely be about how organizations deal with their culture and engage with their people.”
Steve Bates, Principal, KPMG in the US and global leader of KPMG International’s CIO Center of Excellence, said: “IT in the New Reality will be shaped by economic recovery patterns unique to each sector, location, and company. While every CIO is responding to these forces differently, one thing remains consistent; the urgency to act swiftly and decisively. Technology has never been more important to organizations’ ability to survive and thrive.“
+44 (0) 7899 798197
+44 (20) 7333 2677
+1 416 777 8749
 See notes to editors.
 See notes to editors.
SOURCE Harvey Nash Group
Invest Well. Live Well: The value of advice – Kamloops This Week
The best athletes in the world use coaches to help them keep on track, maintain focus, monitor progress and achieve their goals. Despite being incredibly talented, athletes realize the value a coach brings to them personally and/or their team.
We like to say we are like your personal chief financial officer reviewing aspects of your wealth, providing personalized advice specific to helping you achieve what truly matters to you. There have been several compelling studies showing that working with a trusted financial advisor can help build wealth faster.
A January 2018 report from the Investment Funds Institute of Canada showed investors receiving advice accumulate 290 per cent, or 3.9 times, more wealth after 15 years than non-advised investors. Put another way, it could take 34 years to amass the same amount of wealth by going at it alone.
Another study by Vanguard Investments in 2019 showed that advisors may add approximately three per cent of value in portfolio returns over time. These returns were net of both fees and taxes. The Vanguard study mentions the range of around three per cent because not all advisors offer all of these services.
A breakout of where we believe advisors can help improve results:
1. Portfolio construction: Includes suitable asset allocation of a mix of stocks, bonds and alternatives. For example, we employ seven layers of diversification (asset class, geography, currency, style, size, sectors and alternatives). This should also entail using cost-effective solutions and placing each investment in the most tax efficient account (RSP, TFSA, etc.).
2. Wealth management: Includes regular portfolio rebalancing (trimming at highs and adding near lows). Creating a draw down or cash flow strategy. To help keep clients on track, advisors should be revisiting client’s objectives before major life events such as: having a child, marriage, divorce, retirement, disability, illness or death.
3. Behavioural coaching: 2020 has been a roller coaster ride that has tested investors. Advisors should help through challenging times by acting like an emotional circuit breaker to avoid hindering your wealth.
The study concluded the most important skill an advisor can bring is behavioural coaching. This coincides with several studies that have shown that the average investor underperforms due to emotional behavior working against them. A 2019 report from J.P Morgan showed that over a 20-year period, a portfolio of 60 per cent stocks and 40 per cent bonds in the U.S. returned an average of 5.6 per cent, whereas the average investor only earned 2.5 per cent.
On top of potential increased return, according to FP Canada, investors working with advisors feel twice as prepared for retirement as those without. These investors also reported higher levels of emotional, financial and overall contentment.
Financial concepts are complex and continually changing along with stock markets and demographics needs. Some key areas not covered in any of the research were the benefits of pension selection, charitable giving, income splitting and estate planning strategies. Savings in these areas could magnify the results but are likely harder to quantify.
The studies concluded that provided the advisor charged a reasonable fee, the benefits from the guidance of a full-service professional wealth manager should outweigh the costs and add 2.5 per cent a year.
Until next time, Invest Well. Live Well.
Written by Keith Davis. This document was prepared by Eric Davis, vice-president, portfolio manager and investment advisor, and Keith Davis, investment advisor, for informational purposes only and is subject to change. The contents of this document are not endorsed by TD Wealth Private Investment Advice, a division of TD Waterhouse Canada Inc.-Member of the Canadian Investor Protection Fund. All insurance products and services are offered by life licensed advisors of TD Waterhouse Insurance Services Inc., a member of TD Bank Group. For more information, call 250-314-5124 or email Keith.email@example.com.
AGF Management Limited and WaveFront Global Asset Management Partner to Deliver Investment Management Capabilities to Rapidly Growing China and South Korea Markets – GlobeNewswire
TORONTO, Sept. 21, 2020 (GLOBE NEWSWIRE) — AGF Management Limited (AGF) and WaveFront Global Asset Management Corp. (WaveFront) today announced the launch of AGFWave Asset Management Inc. (AGFWave), a new joint venture for providing asset management services and products in China and South Korea.
AGFWave combines AGF’s investment expertise and global brand strength with WaveFront’s existing distribution capabilities in China and South Korea, including partnerships with industry leaders in both regions.
“Combining AGF’s investment capabilities with the robust distribution channels and sales capabilities of WaveFront’s strategic partners Hwabao WP Fund Management, J Royal Asset Management and Vogo Fund Asset Management mean AGFWave is well positioned to capitalize on the rapidly growing asset management industries in China and South Korea,” said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF.
Initially, members of AGF’s quantitative investment team AGFiQ, will work together with members of WaveFront’s team as AGFWave’s Investment Committee. AGFiQ’s existing investment management resources and capabilities are a strong fit for WaveFront, aligning to a similar quantitative investment philosophy and boasting demonstrated strong track records in key areas of focus for these markets.
“We are very excited about the opportunity to partner with AGF and believe their unparalleled investment management expertise will not only lead to stronger demand for our current products, but enable us to develop and launch new products in key areas our partners and clients are eager to access” said Roland Austrup, Chairman and Managing Principal at WaveFront.
In addition to taking over investment management duties for existing market differentiated investment products on behalf of partners and clients, AGFWave will also be responsible for new product development in these markets, working closely with both Chinese and South Korean partners on exploring future opportunities to bring AGF’s other quantitative and complementary fundamental investment management capabilities to these rapidly growing markets. AGFWave, with its partners in China, is also positioned to offer China A-share products to Institutional investors globally.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With $37 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
About WaveFront Global Asset Management
Founded in 2003, WaveFront is a privately-owned global asset management company based in Toronto, Canada. Today, WaveFront manages over $1.7 billion for individual and institutional investors in North America, China and South Korea across a diverse range of investment strategies and solutions.
Informed by decades of research and experience through many market cycles, WaveFront’s success is based on applying a data-driven, scientific approach to observing and analyzing market behavior to identify and capture those opportunities that can deliver superior long-term investment performance for their clients.
Director, Corporate Communications
Lightning strike twice on PP, beat Stars to even Stanley Cup final – TSN
Five Tips for Easier Rearranging of iOS Apps – TidBITS
Nasa outlines plan for first woman on Moon by 2024 – BBC News
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Richmond BBQ spot speaks out about coronavirus rumours Vancouver Is Awesome
- Tech21 hours ago
Sony apologizes for PlayStation 5 pre-order disaster – Polygon
- Health23 hours ago
Sore throat, runny nose among symptoms removed from student health checklist, province confirms – CBC.ca
- Tech13 hours ago
Xbox Series X And Series S Pre-Order Guide: Where To Get Microsoft’s Next-Gen Consoles – Forbes
- Science17 hours ago
A Florida woman was attacked by a 10-foot alligator while trimming trees – WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
- Science19 hours ago
Artist Mark Johnson to Paint Alligator That Attacked Him in Port St. Lucie, Florida – Newser
- Politics23 hours ago
Washington Politics Could Be About To Enter A 'Post-Apocalyptic' Phase – NPR
- Science15 hours ago
Arctic sea ice shrinks to 2nd lowest level in 4 decades – CBC.ca
- Investment22 hours ago
CI Financial buying U.S. investment adviser Bowling Portfolio Management – Vancouver Courier