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Government helps raise readers with investment in literacy | BC Gov News – BC Gov News

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Nearly 55,000 kids, parents and caregivers in B.C., including in rural, remote and Indigenous communities, can access family literacy programs to improve their reading skills through the annual Raise-a-Reader campaign Sept. 22-29, 2022.

“Literacy is an essential skill that opens so many doors for children and their families throughout British Columbia, and that’s why I love being able to promote Raise-a-Reader Week,” said Nathan Cullen, Minister of Municipal Affairs. “Contributions to this campaign help support year-round programing for children and their families to engage in reading, playing and other activities that help develop these important skills.”  

This year, the B.C. government is donating $500,000 to the yearly Raise-a-Reader campaign to support literacy programs offered through community organizations, public libraries and schools. Postmedia raises money through donations to fund virtual and in-person family literacy programs across B.C. annually.  

The Province supports literacy in partnership with Decoda Literacy Solutions, which manages the donations and provides resources such as reading materials, training and funds to help with community-based literacy and learning programs throughout B.C. communities.

“Many individuals support Raise-a-Reader through their work and community groups. We are very appreciative of their commitment to this important program,” said Sandra Lee, executive director, Decoda Literacy Solutions. “The program provides children and families across B.C. with literacy and learning resources.”

Money raised through the campaign reaches children and families through programs, such as one-to-one reading and tutoring programs, story walks, English-language learning and Parent-Child Mother Goose.

During Raise-a-Reader Week, the Vancouver Sun’s print and online editions will feature daily stories that highlight community literacy programs.

“Postmedia’s Raise-a-Reader program remains committed to helping children and families obtain the literacy skills they need to improve their lives,” said Harold Munro, editor-in-chief, Vancouver Sun and The Province. “We thank the provincial government for again supporting the annual campaign with a generous donation that will assist thousands of B.C. residents. We are also extremely grateful for the many contributions from other institutions and our loyal readers.”

Members of the public are invited to visit the Canada Helps website to make a donation to the community of their choice: https://www.canadahelps.org/en/dn/42475

Quick Facts:

  • More than 700,000 British Columbians have significant challenges with literacy.
  • Nearly one-half of people aged 16 to 65 have difficulty following instruction manuals, reading health information, understanding newspapers and more.
  • Since 2017, the Province has invested $3 million in support of Raise-a-Reader literacy programs.
  • Since 1997, the campaign has generated more than $21 million to support literacy initiatives in the province.
  • In 2021, 54,566 children, parents and caregivers attended 4,293 family literacy sessions made possible with support from Raise-a-Reader.

Learn More:

To donate to the 2022 Raise-a-Reader campaign, visit: https://vancouversun.com/raiseareader 

Decoda Literacy Solutions and Foundation: https://decoda.ca/get-involved/raise-a-reader/

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How rising interest rates impact insurers' investment decisions – Canadian Underwriter

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Recent interest rate hikes aimed at curbing inflation, and the potential for more rate hikes next year, has the insurance industry keeping an eye on its investment returns.

But while the transition from a low-interest-rate environment to a higher-rate environment will create short-term challenges, it also creates a long-term opportunity, noted Gord Dowhan, CFO at Wawanesa Insurance in a recent Canadian Underwriter interview.

“Over time…higher interest rates can create an opportunity for us to increase our yield moving forward,” Dowhan said. “As bonds mature, it gives us the opportunity to invest at a higher rate.

“You’ve seen this experience in Europe and elsewhere, where they were at zero percent and negative interest-rate environments in some cases. Having higher rates is healthier than being in that environment [of extremely low or negative interest rates], and there’s definitely an opportunity for us to pick up yield and investment returns within our investment portfolio as those instruments mature.”

For an insurer’s portfolio, Dowhan noted a rising interest rate environment makes certain investment instruments more attractive. And his firm has some of these in place, including preferred shares, limited recourse capital notes, and floating-rate or variable-rate debt.

“We’re also looking at real estate and infrastructure investments. From a rate-reset, preferred-share perspective, this gives us the opportunity to increase our yield; the dividend yield resets regularly based on five-year government bond yields,” he said.

“In a rising rate environment, this gives us an opportunity to increase our returns. Floating-rate, or variable-rate, debt has become increasingly attractive as rates rise. We’ve invested in and will continue to invest in floating-rate debt and look for opportunities to grow our portfolio there.”

What’s more, Dowhan said that during high inflationary periods, real estate and infrastructure tend to outperform other asset classes.

“The underlying instruments within these products, leases and other revenues that produce revenue streams linked to inflation, is one reason why they typically outperform other asset classes during periods of high inflation,” he told CU. “So, opportunities exist for us to enhance our yield in the long term and continue to deliver value for our policyholders.”

This article is excepted from one that appeared in the August-September issue of Canadian Underwriter. Feature image by iStock.com/porcorex

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Landa Sees More Growth, EPac Gets New Investment And More | Label and Narrow Web – Label & Narrow Web Magazine

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Demonstrating its commitment to supporting its growing customer base and interest from future customers, Landa Digital Printing is aggressively expanding its global team and business development infrastructure with the appointment of several new sales professionals.

New Landa appointments include:

  • Bill Lawver, Inside Sales Representative
  • Michael Weyermann, Regional Sales Manager – Northeast
  • Steve Smith, Regional Sales Manager – Southeast
  • Danny Green, Regional Sales Manager – Mideast
  • Michelle Weir, Regional Sales Manager, Southwest

Sharon Cohen, chief business officer, Landa Digital Printing, comments, “We are delighted to have secured the talent and experience of Bill, Michael, Steve, Danny and Michelle. Their highly relevant backgrounds will be instrumental in supporting our growth plans across North America, while also supporting the wider team to ensure continued high customer satisfaction, innovation and success.

Meanwhile, Amcor has announced a further strategic investment of up to $45 million in ePac Flexible Packaging. The investment will increase Amcor’s minority shareholding in ePac Holdings LLC.

Amcor’s executive vice president of strategy and development, Ian Wilson, comments, “This additional investment reflects our confidence in ePac’s entrepreneurial team and their proven ability to rapidly scale in the high growth, often higher value short run segment. Since our initial investment last year, we have been deeply impressed with ePac’s focused and innovative business model centered around deploying a very high level of digitalization and customization. ePac’s proven digital technologies enable the delivery of exceptional service levels and significantly reduced lead times. These specializations are designed to meet the unique speed to market and service needs of locally based small to medium customers, skill sets that are highly transferable to areas of Amcor’s core business.

Here are the highest-trafficked news items for the week ending on September 23:

1. Landa announces five senior additions to NA sales team
2. Amcor expands investment in ePac Flexible Packaging
3. FLAG enjoys productive Labelexpo Americas
4. Mondi invests in new research and development center in Germany
5. S-OneLP recognized as Global Label Award winner

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Britain outlines tax incentives for new investment zones – Reuters UK

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LONDON, Sept 23 (Reuters) – British finance minister Kwasi Kwarteng outlined what he called an “unprecedented set of tax incentives” for businesses in newly-announced investment zones, saying the government would also liberalise planning rules for specified agreed sites.

The government said there were potential investment zones in England so far but it would work with the devolved administrations in Scotland, Wales and Northern Ireland to deliver them around the United Kingdom.

“On purchases of land and buildings for commercial or new residential development, there will be no stamp duty to pay whatsoever,” Kwarteng told lawmakers in a fiscal statement on Friday.

“On newly-occupied business premises, there will be no business rates to pay whatsoever. And if a business hires a new employee in the tax site, then on the first 50,000 pounds ($55,800) they earn, the employer will pay no National Insurance whatsoever.”

The government said more detail on how a liberalised planning offer in the zones would work in due course.

Areas interested in becoming investment zones include Liverpool and Greater Manchester in northwest England, Somerset and Plymouth in the southwest, Sunderland and the Tees Valley in the northeast and Southampton and Essex in the south and east.

The government also said infrastructure projects would be accelerated, aiming to get as many as possible under construction by the start of 2023.

The list of projects to be accelerated included nuclear energy sites Hinkley Point C and Sizewell C, oil fields search as Cambo Phase 1, and several train lines, stations and roads.
($1 = 0.8961 pounds)

Reporting by David Milliken and Alistair Smout, editing by Elizabeth Piper

Our Standards: The Thomson Reuters Trust Principles.

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