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Western News – Leadership institute receives $3.5-million investment – Western News

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Western’s Ivey Business School has received a new $3.5-million gift benefiting the Ian O. Ihnatowycz Institute for Leadership, a character-based leadership development program launched in 2010.

The gift, from Ian Ihnatowycz, his wife, Marta Witer, and the Ihnatowycz Family Foundation, builds on the Ihnatowycz family’s original gift to establish the Institute and will allow it to extend its teaching, research and outreach on the awareness, assessment and development of leader character.

Along with a $2.5-million matching contribution from Western University, part of the funding will create the Ihnatowycz Family Foundation Chair in Leadership, which is jointly appointed with Western Engineering, to bring the programming to engineering students.

The announcement was made at the 2021 Leader Character Conference, where leaders from the public, private and not-for-profit sectors gained a greater understanding of the impact of leader character, particularly in the transition to a post-pandemic world.

“We’re living in a particularly disruptive environment, and it requires strength of character among leaders to lead in this new dynamic,” said Ihnatowycz, MBA’82, LLD’13. “The world needs good leaders – character-based leaders – and what’s really exciting is that we can impact future generations of leaders and improve the communities and societies we live in, and hopefully, the world.”

Sparked by crisis

Ihnatowycz said he founded the leadership institute at Ivey after witnessing deficiencies in leader character during the 2008 financial crisis. The institute aims to examine the importance of character alongside competence in leadership, and how it is developed.

“In that first 10 years of the institute, we discovered and elaborated on what those characteristics of leadership are, why they are important, and – most importantly – that they can be taught. People are not necessarily born with it. Some have more talent than others perhaps, but leader character can be taught and nurtured,” he said. “I’m most proud of the fact that this knowledge is there and has become part of the fabric of the institute and of the Ivey Business School, building its reputation as the leadership school. Hopefully, it expands to other faculties and Western will become the university that is based on leadership.”

Ihnatowycz has also given generously of his time providing guidance to the institute and Ivey, serving on the Ivey Advisory Board since 2010 and the Leadership Council since 2011.

Leader development beyond Ivey

Ihnatowycz’s long-standing relationship with Ivey, including a total investment of more than $7 million in leadership programs, has helped the school become a global leader in research, teaching and outreach on leader character, according to Ivey dean Sharon Hodgson. She said the next step is to explore the development of adaptive and resilient leaders, who can weather unprecedented disruption. Through the new joint chair position, Hodgson said she hopes the gift will expand the programming across campus.

“The chair is an important addition to the institute to accelerate cross-campus sharing with the Faculty of Engineering, with a longer-term objective of inspiring additional faculty and donor involvement in, and support for, leadership programming across campus,” she said. “We sincerely appreciate Ian Ihnatowycz’s unwavering vision for and belief in the work of the institute, and we are excited about its future.”

Creating a legacy

Gerard Seijts, executive director, Ian O. Ihnatowycz Institute for Leadership, said the support of the Ihnatowycz family continues to create a legacy of enormous value.

“They have enabled us to deepen our contribution to Ivey’s student curriculum and extended our outreach to those within the public, private and not-for-profit sectors. Our students, colleagues and clients’ lives are enriched by the opportunities Ian and Marta help to create. We are all sincerely grateful,” he said.

Yudi Yang, an HBA ’22 candidate, experienced firsthand how character shapes the way people engage with the world. Yang participated in the institute’s five-day Leadership Under Fire course last summer that aimed to deepen understanding of the various dimensions of leadership character when under emotional, physical and mental stress. During the announcement, she shared what the course meant to her.

“This unique experience was critical in helping me to re-evaluate and hone my character, and has truly impacted my life in terms of what I notice, what I reinforce, who I engage in conversation, what I value, what I choose to act on, and how I make decisions,” she said. “Without the support of the Ihnatowycz family, none of this would be possible. Thank you for making an investment in our future and the future of the world.”

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Major Value-Added Agriculture Investment Announced in Saskatchewan | News and Media – Government of Saskatchewan

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Released on January 17, 2022

FCL To Build Canola Processing Plant And Canada’s Largest Renewable Diesel Facility In Regina

Today, Federated Co-operatives Limited (FCL) announced its plans to develop an Integrated Agriculture Complex (IAC) north of the Co-op Refinery Complex in Regina.  The IAC will include a renewable diesel facility, as well as a new canola crushing plant in partnership with AGT Foods.

The FCL renewable diesel production plant alone represents a nearly $2 billion investment for the province and is expected to create more than 2,500 construction jobs and 150 permanent operating jobs.  The entire IAC is estimated to have direct and indirect economic benefits of approximately $4.5 billion.

“This is a tremendous opportunity for Saskatchewan and for FCL and AGT Foods that will bolster the sustainability and economic goals of these companies and the province,” Premier Scott Moe said.  “Our province has the food, fertilizer, and fuel the world needs, including renewable energy from canola grown and processed here, which speaks to the heart of our plan for economic recovery and growth as we work to build an independent, strong and sustainable Saskatchewan.”

The FCL-AGT canola crushing facility will ensure Saskatchewan exceeds its 2030 Growth Plan goal of processing 75 per cent of the canola grown in the province.  It also supports the Growth Plan goal of increasing agriculture value-added revenue to $10 billion.

The FCL renewable diesel plant will have a production capacity of 15,000 barrels per day, or about 1 billion litres per year. The FCL-AGT canola crush facility will use 1.1 million tonnes of canola seed to produce 450,000 tonnes of oil, supplying approximately 50 per cent of the feedstock required for the renewable diesel plant, with the remainder of the supply being contracted from other canola crush facilities.

“We know the synergies between transportation fuel production and agriculture will play a vital role in Western Canada’s transition to the low carbon economy,” FCL CEO Scott Banda said.  “We believe our Co-op Retailing System is well-positioned to integrate and capture the full agricultural value-chain in the production of fuel and value-added products.  We are excited about our partnership with AGT and ultimately what this announcement means for value-added agriculture in our province.”

With facilities and outlets in 249 communities in Saskatchewan, FCL and local co-ops employ more than 10,000 workers across the province.

-30-

For more information, contact:

Robin Speer
Trade and Export Development
Regina
Phone: 306-519-5006
Email: robin.speer@gov.sk.ca

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Cross-border investment surged in November – Investment Executive

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The cross-border activity was concentrated on debt securities, with foreign investors adding $31.4 billion worth in the month, up from $20.4 billion the previous month.

StatsCan reported that investors targeted federal debt — adding $8.6 billion in bonds and $6.5 billion worth of money market securities — along with $9.8 billion in corporate debt.

Conversely, foreign investors trimmed $1.3 billion worth of Canadian equities in the month.

“The reduction reflected retirements of Canadian portfolio shares resulting from cross-border merger and acquisition activities. Foreign purchases of Canadian shares on the secondary market, led by shares of chartered banks, moderated the overall reduction,” StatsCan said.

At the same time, Canadian investors ramped up their buying of foreign securities in November.

In total, domestic investors added $17.5 billion in foreign securities, StatsCan reported. This was up from $5.4 billion in October.

Canadian investors jumped into U.S. stocks in November, buying $7.4 billion worth of equities, up from just $652 million in October. Large-cap tech stocks and index funds were the primary targets, StatsCan said.

Additionally, investors bought $4.0 billion worth of non-U.S. foreign shares in November, reversing a $2.5-billion divestment in October.

Canadian investors also added $6.1 billion in foreign debt, including $2.8 billion in U.S. corporate bonds and $1.6 billion in U.S. government bonds.

In a research note, National Bank Financial Inc. (NBF) said November’s $17.5-billion net investment means Canadian investors acquired $144.4 billion worth of foreign securities during the first 11 months of 2021.

“In dollar terms, you won’t find a prior [year-to-date] tally remotely close,” NBF said, noting that the previous record was $73.3 billion about 15 years ago.

Even with the record flow into foreign securities, net portfolio flows are still positive for Canada, as foreign buying of Canadian securities has been even stronger.

“An improved current account means Canada is less reliant on foreign inflows,” NBF said. “Still, the apparent abandonment of Canada by domestic investors is part of an overall capital bleed that needs redressing.”

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4 Must-Have TFSA Stocks for Any Investment Goal – Yahoo Canada Finance

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Make a choice, path to success, sign

Written by Amy Legate-Wolfe at The Motley Fool Canada

If you have a Tax-Free Savings Account (TFSA), then you hopefully have an investment goal to go along with it. Now, we could drill down into specific savings goals, but, honestly, those goals change! What someone wants at 30 will be different at 50, and so on. First, it’s student debt, then a house, then a child, their education, and, of course, retirement.

Frankly, you shouldn’t have to juggle your investments every time you come up with a new goal. In fact, one of the main points of investing is to buy and hold for as long as you can. Sure, you can take out cash as your goals come in, but you should be able to hold onto them for as long as you want.

With that in mind, here are four TFSA stocks that will help you achieve any investment goal.

Fortis

If you’re going to have long-term TFSA stocks, you need stable companies to get you there. That would definitely include Fortis (TSX:FTS)(NYSE:FTS). The utility company has been growing its dividend each year for almost 50 years. This comes from a stable business plan of growth through acquisition.

Investors have been flocking to Fortis as one of the TFSA stocks they want because of this stability — especially during the market pullback. The company is basically recession proof, providing gas and electric utilities to 3.4 million customers. You need the lights on no matter what, making it a strong choice for any investor.

Fortis shares are up 16% in the last year with a dividend yield of 3.63%.

TD Bank

The Big Six banks may be trading at all-time highs, but there’s a reason. And that reason is why they’re TFSA stocks for any investment goal. The banks managed to get out of the market drop relatively unscathed, and yet they still have so much cash on hand to make up for lost time. And that comes through solid dividend jumps.

But Toronto-Dominion Bank (TSX:TD)(NYSE:TD) has even more to offer. TD stock offers the most growth of the Big Six banks, with the most amount of credit card partnerships, growing online and United States presence, and the most loan options for solid revenue streams. And yet even after all this growth, TD stock still trades at just 13.42 times earnings.

TD stock is up 41% in the last year, with a dividend yield of 3.47%.

Constellation Software

If you have the cash to invest, Constellation Software (TSX:CSU) is one of the few tech stocks that remains a stable investment. The company has been an acquisition powerhouse, identifying the software companies it believes will thrive with incredible expertise.

It’s those experts that have managed to keep the company growing at a stable clip, even as other tech stocks burn around it. Constellation shares have been steady as a rail, growing through venture funds and seeing revenue rise 30% year over year during the last quarter. It’s one of the TFSA stocks any investor should add as soon as possible before it rises even more.

Shares of Constellation are up 34% in the last year, and it recently boosted its dividend to offer a yield of 0.24%.

Nutrien

Finally, Nutrien (TSX:NTR)(NYSE:NTR) may be on the newer side, but don’t count this out among TFSA stocks. People need to eat, and Nutrien is now the world’s largest crop nutrient provider. As arable land decreases and climate change increases, Nutrien will be a necessity for any portfolio.

Nutrien continues to grow through acquisition. In the last few years, it has increased its digital presence at an incredible rate. This kept revenue coming in at an incredibly important time — for the company and farmers. Now, it’s nearing the three-digit mark and isn’t likely to come down.

Shares of Nutrien are up 37% in the last year, with a yield of 2.57% for investors.

The post 4 Must-Have TFSA Stocks for Any Investment Goal appeared first on The Motley Fool Canada.

Should you invest $1,000 in Air Canada right now?

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Fool contributor Amy Legate-Wolfe owns TORONTO-DOMINION BANK. The Motley Fool recommends Constellation Software, FORTIS INC, and Nutrien Ltd.

2022

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