EDMONTON, AB, Sept. 2, 2020 /CNW/ – Every Canadian deserves a safe and affordable place to call home. That is why the governments of Canada and Alberta will fund a Métis Capital Housing Corporation affordable housing project to provide homes and create jobs in the community.
An affiliate of the Métis Nation of Alberta, MCHC works to provide safe, affordable housing for Indigenous people in Alberta.
The affordable housing development will provide 23 new homes in Edmonton. The modern homes will help meet the demand for affordable housing in the community and are located close to schools, transit and medical centres. The housing project will create an estimated 60 jobs in the province.
The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC), along with provincial Seniors and Housing Minister Josephine Pon, and Indigenous Relations Minister Rick Wilson made the announcement today.
The Government of Canada, through CMHC, and the Alberta government, will jointly contribute $6.95 million through the Canada–Alberta bilateral agreement under the National Housing Strategy (NHS). The total project budget is nearly $8 million, which includes a Métis Capital Housing Corporation contribution of $840,000.
The Alberta government will fund the project through its newly redesigned Indigenous Housing Capital Program.
The Government of Canada will continue to address needs of Canadians through the Safe Restart Agreement for provinces and territories, and Alberta’s Recovery Plan is a long-term strategy to build, diversify, and create tens of thousands of jobs now.
By working together we are benefiting our communities.
“Through the National Housing Strategy, it is with great pleasure that our Government, is supporting projects like the Métis Capital Housing Corporation, so that collectively, we are better able to lift vulnerable populations of all races, age, and gender, find a home that meets their needs. These types of investments in our communities help create new jobs and stimulate the economy, while providing access to safe, affordable homes.” — The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible for Canada Mortgage and Housing Corporation (CMHC)
“Alberta’s government is proud to partner with the Métis Capital Housing Corporation to provide new homes and create jobs for Indigenous Albertans. The Indigenous Housing Capital Program is intended to support housing designed, delivered and owned by, and for, Indigenous communities.” – Josephine Pon, Provincial Minister of Seniors and Housing
“Everyone deserves a safe, affordable and accessible home and this important project will provide good homes for families and help address the high demand for housing in Edmonton. This project is a good example of what we can accomplish when different orders of governments and Indigenous governments and organizations work together for the benefit of communities.” – Rick Wilson, Provincial Minister of Indigenous Relations
“Having witnessed the accomplishments of our housing branch, I know the role it has, and continues to play, in the lives of Indigenous Albertans. We understand the various needs of our community and design programs to meet those needs. Through Métis Capital Housing Corporation, the Métis Nation of Alberta strives to provide safe and affordable housing to our communities. This agreement will enhance our ability to continue doing just that, by building 23 new units for Indigenous families in Edmonton. These new buildings will go a long way to filling the gap in affordable housing availability for our citizens” – Audrey Poitras, President, Métis Capital Housing Corporation
- The Government of Canada is currently rolling out its National Housing Strategy (NHS), an ambitious 10-year, $55 billion plan that will create 125,000 new housing units and lift 530,000 families out of housing need, as well as repair and renew more than 300,000 housing units and reduce chronic homelessness by 50 percent.
- The NHS is built on strong partnerships between federal, provincial and territorial governments, and on continuous engagement with others, including municipalities, Indigenous governments and organizations, and the social and private sectors to make a meaningful difference in the lives of Canadians.
- Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
- Alberta’s Recovery Plan is a bold, ambitious long-term strategy to build, diversify, and create tens of thousands of jobs now. By building schools, roads and other core infrastructure we are benefiting our communities. By diversifying our economy and attracting investment with Canada’s most competitive tax environment, we are putting Alberta on a path for a generation of growth. Alberta came together to save lives by flattening the curve and now we must do the same to save livelihoods, grow and thrive.
As Canada’s authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. CMHC’s aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. For more information, please visit cmhc.ca or follow us on Twitter, Instagram, YouTube, LinkedIn and Facebook.
To find out more about the National Housing Strategy, visit www.placetocallhome.ca.
The Alberta Ministry of Seniors and Housing fosters the development of affordable housing and supports access to housing options for Albertans most in need. The ministry works with seniors, their families and caregivers, Albertans who require housing supports and communities and other government partners. A more detailed description of the ministry and its programs and initiatives can be found at alberta.ca/ministry-seniors-housing.aspx
Learn more about Alberta’s affordable housing programs.
SOURCE Canada Mortgage and Housing Corporation
For further information: Media contacts: Jessica Eritou, Office of the Minister of Families, Children and Social Development, [email protected]; Leonard Catling, Canada Mortgage and Housing Corporation, [email protected]; Natalie Tomczak, [email protected], 587-596-8187, Press Secretary, Seniors and Housing; Amy Dillon, Communications Director, Metis Nation of Alberta, [email protected]
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
CI Financial buying US investment adviser Bowling Portfolio Management – BNN
CI Financial Corp. says it has signed a deal to acquire U.S. investment adviser Bowling Portfolio Management LLC.
The firm based in Cincinnati has US$450 million in assets under management.
Financial terms of the transaction were not disclosed.
Bowling provides financial planning and investment management services to high-net-worth clients.
CI has been expanding its operations in the U.S. this year in a series of acquisitions.
It says when all pending transactions close, it will hold interests in wealth management firms across the U.S. with combined assets of approximately US$11.5 billion.
CMHC saw 'moderate' risk of overvalued markets, stands by price forecast – Yahoo Canada Finance
Kirk’s breakout game against Yankees comes at ideal time for Blue Jays – Sportsnet.ca
Twitter and Zoom’s algorithmic bias issues – TechCrunch
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
- Tech18 hours ago
Sony promises more PS5 pre-order stock for retailers – GamesIndustry.biz
- Tech23 hours ago
Zotac's RTX 3080 Trinity performance is apparently gimped on purpose – AltChar
- Tech13 hours ago
Sony apologizes for PlayStation 5 pre-order disaster – Polygon
- Health18 hours ago
Confirmed positive COVID-19 case at Holy Cross elementary school in Kemptville – Ottawa Valley News
- Health23 hours ago
Staff and patients part of outbreak at Foothills Medical Centre – 660 NEWS – 660 News
- Investment19 hours ago
Victory Capital Announces Investment in Alderwood Partners | 2020-09-21 | Press Releases – Stockhouse
- Tech21 hours ago
The Leaked RTX 3090 Benchmarks Aren’t Great – Kotaku Australia
- Health15 hours ago
Sore throat, runny nose among symptoms removed from student health checklist, province confirms – CBC.ca