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Varcoe: Time for straight talk on Alberta's Keystone XL investment – Calgary Herald

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However, the decision rests with the incoming president.

If Biden lives up to his word, what happens with the financial commitment made by the province through the Alberta Petroleum Marketing Commission?

“In my mind, they were pretty explicit that they were saying we’re going to put $1.5 billion at risk to get the construction going,” said former APMC chief executive Richard Masson, now an executive fellow at the University of Calgary’s School of Public Policy.

“If the pipeline gets cancelled, we are out the $1.5 billion, and it’s up to the government to convince us we are not going to lose the whole $1.5 billion.”

For Ganley, another key question is what happens with the province’s loan guarantee of up to $6 billion, which is slated to kick in at the start of next year.

Speaking to reporters on Friday, Kenney provided some clarity, noting TC Energy is developing its lending syndicate for the project to support construction in 2021.

“It’s a very small portion of the loan guarantee (that) would be triggered at the beginning of the year, but the balance would be held back to help secure financing month by month as construction proceeds next year,” he said.

Alberta Premier Jason Kenney speaks in Calgary on Tuesday, March 31, 2020 about the the plan to kick-start construction on the Keystone XL pipeline. Photo by Jim Wells /Postmedia

But how much money would be at risk at that time?

What happens if Biden nixes the permit shortly after taking office in late January — or waits a few months before making a final decision?

“Alberta put billions of dollars into what was a risky project,” said Anthony Swift of the National Resources Defense Council.

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Ontario Increasing Investment in Video Surveillance Systems – Government of Ontario News

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Ontario Newsroom | Salle de presse de l’Ontario

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Dyson unveils £2.75bn investment plan in battery technology, robotics and machine learning – Proactive Investors USA & Canada

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Dyson said it plans to invest £2.75bn in battery technology, robotics, intelligent products, machine learning, connectivity and material science.

The private company, which is owned by Britain’s richest person, James Dyson, will focus investment on sites in Singapore, the UK and the Philippines, hiring engineers and scientists after it cut 900 jobs in July as part of a cost-cutting exercise.

Dyson said one of its main areas of focus is bringing its proprietary solid-state battery technology to market, which it claims will offer “safer, cleaner, longer-lasting and more efficient energy storage”.

“Now is the time to invest in new technologies such as energy storage, robotics and software which will drive performance and sustainability in our products for the benefit of Dyson’s customers,” said chief executive Roland Krueger.

“We will expand our existing product categories, as well as enter entirely new fields for Dyson over the next five years. This will start a new chapter in Dyson’s development.”

In the UK, the company said it was concentrating more investment on robotics research and artificial intelligence (AI) at its restored World War Two Hullavington airfield site ‘campus’.

New investments at Hullavington and Malmesbury, which employ over 4,000 people, will fund research in fields such as products for sustainable healthy indoor environments and wellbeing.

Dyson opened over 100 retail shops in 2019 and a further 30 in 2020 and the plan is to continue expanding its retail footprint.

Founder James Dyson topped the Sunday Times Rich List for the first time earlier this year, with his wealth increasing to an estimated £16.2bn.

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Manulife Investment Management Announces Estimated Cash Distributions for Manulife Exchange Traded Funds – Canada NewsWire

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C$ unless otherwise stated 

TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Nov. 27, 2020 /CNW/ – Manulife Investment Management today announced the December 2020 cash distribution estimates for Manulife Exchange Traded Funds (ETFs) that distribute semi-annually. Please note that these are estimated amounts only as of October 9, 2020, and reflect forward-looking information which may cause these estimates to change.

Unitholders of record of the Manulife ETFs at the close of business on December 31, 2020 will receive cash distributions payable on January 13, 2021. The ex-dividend date for the cash distributions is December 30, 2020.

Details of the distribution per unit amounts are as follows:

ETF

Ticker

Distribution Amount
(per unit)

Manulife Multifactor Canadian Large Cap Index ETF

MCLC

$ 0.120424

Manulife Multifactor U.S. Large Cap Index ETF – Unhedged

MULC.B

$ 0.205903

Manulife Multifactor U.S. Large Cap Index ETF – Hedged

MULC

$ 0.192679

Manulife Multifactor U.S. Mid Cap Index ETF – Unhedged

MUMC.B

$ 0.068462

Manulife Multifactor U.S. Mid Cap Index ETF – Hedged

MUMC

$ 0.049585

Manulife Multifactor Developed International Index ETF – Unhedged

MINT.B

$ 0.133343

Manulife Multifactor Developed International Index ETF – Hedged

MINT

$ 0.140300

Manulife Multifactor Canadian SMID Cap Index ETF

MCSM

$ 0.017269

Manulife Multifactor U.S. Small Cap Index ETF – Unhedged

MUSC.B

Manulife Multifactor U.S. Small Cap Index ETF – Hedged

MUSC

$ 0.047103

Manulife Multifactor Emerging Markets Index ETF

MEME.B

$ 0.156765

Manulife ETFs are managed by Manulife Investment Management Limited (formerly named Manulife Asset Management Limited). Manulife Investment Management is a trade name of Manulife Investment Management Limited. Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Investment objectives, risks, fees, expenses and other important information are contained in the ETF Facts as well as the prospectus, please read before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. 

As of September 30, 2020, Manulife Investment Management had CAD$923 billion (US$692 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

SOURCE Manulife Investment Management

For further information: Media Contact: Olivia Jones, Manulife, (438) 340-3416, [email protected]

Related Links

https://www.manulifeim.com/

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