Latest news with #Canoe
Yahoo
4 days ago
- Business
- Yahoo
Canoe Financial announces changes to its mutual fund lineup
CALGARY, Alberta, June 10, 2025 (GLOBE NEWSWIRE) -- Canoe Financial LP ('Canoe Financial') today announced changes to two of its investment funds. Fund name changes Effective June 20 2025, the following name changes will take effect: Canoe Defensive Global Balanced Fund will be renamed Canoe Fundamental Global Balanced Fund Canoe Canadian Small Mid Cap Portfolio Class will be renamed Canoe Fundamental Small Mid Cap Portfolio Class These changes reflect Canoe Financial's continued focus on clarity, precision and alignment between fund names and investment strategies. Canoe Fundamental Global Balanced FundThe new name reflects the fund's change in investment strategy to focus on fundamental, bottom-up security selection, in alignment with Canoe Financial's investment process. This change also removes the risk management overlay previously managed by Nalmont Capital Inc. ('Nalmont'). With the termination of the sub-advisory agreement with Nalmont, as it relates to Canoe Defensive Global Balanced Fund, Canoe Financial and Robert Taylor as its Chief Investment Officer, will be solely responsible for managing the fund's portfolio. Nalmont will continue to act as sub-advisor to Canoe Defensive Global Equity Fund, Canoe Defensive International Equity Fund and Canoe Defensive U.S. Equity Portfolio Class. Canoe Fundamental Small Mid Cap Portfolio ClassTo broaden the fund's opportunity set, the fund's investment strategy has been changed to increase the foreign equity exposure limit to 49%, up from its previous constraint of 30%. This change enhances the fund's ability to capitalize on attractive small- and mid-cap opportunities outside of Canada. The fund's new name reflects this added flexibility while maintaining its focus on high-conviction, actively managed small- and mid-cap equities. No changes have been made to the investment objectives of either Canoe Fundamental Global Balanced Fund or Canoe Fundamental Small Mid Cap Portfolio Class. About Canoe FinancialCanoe Financial is one of Canada's fastest growing independent mutual fund companies managing approximately $20.0 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal. ContactCanoe Financial LP1-877-434-2796info@ Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
Winnipeg Free Press
17-05-2025
- Sport
- Winnipeg Free Press
Canada's Katie Vincent paddles to canoe sprint gold at World Cup event in Hungary
SZEGED – Canada's Katie Vincent captured gold in the women's C1 500-metre final at a Canoe Sprint World Cup event on Saturday. Vincent paddled across the finish line in two minutes 5.43 seconds, beating silver medallist Yanan Ma of China (2:06.24) in a tight race. Spain's Maria Corbera took bronze (2:09.14). Vincent is a three-time Olympic medallist. She won gold in the women's C-1 200 at last summer's Paris Games, setting a world-best time of 44.12 seconds. It was Canada's first-ever Olympic gold in a women's canoe or kayak event. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. The 29-year-old from Mississauga, Ont., also won bronze in the C-2 500 at both the Paris Games and the Tokyo Olympics in 2021. This report by The Canadian Press was first published May 17, 2025.
CBC
18-03-2025
- Business
- CBC
Northern Ontario towns and cities try to buy Canadian, but it's not always easy
Social Sharing In early March, the small northern Ontario town of Northeastern Manitoulin and the Islands passed a buy Canadian motion that would direct staff to purchase Canadian-made goods "when possible." The motion was a response to tariff threats against Canada from the United States and the ongoing trade war that has ensued. "We drafted a motion at the council meeting to push us in that direction and to indicate to our constituents that we were going to join the battle, so to speak, against those tariffs," said Mayor Alan MacNevin, whose municipality includes Little Current. But MacNevin said despite intentions for the town to avoid American products and services whenever possible, it can't always be done. "[For] things like fire trucks and garbage trucks, often the manufacturers for certain parts of those vehicles come from the U.S.," he said. "Generally speaking, in a small community like ours, there wouldn't be a lot of situations where that happens, but [it's] mostly major purchases for those kinds of things." Cities and towns across northeastern Ontario are grappling with their procurement contracts as many make efforts to cut out American products and services to support Canada's broader defiance of current and proposed tariffs. In Elliot Lake, councillors debated whether or not the city should go ahead with purchasing a $205,000 shade structure for a waterfront park that was manufactured in the U.S. ultimately deciding to go ahead with the contract. Deputy Mayor Charlie Flintoff said that while the parts for the shelter would be made in the U.S., the city's contract is with a company based in Paris, Ont., called ABC Recreation, that will be installing the structure. "It's complicated for probably every municipality out there," Flintoff said. "Do we just stop doing business? Do we not go forward with our strategic plan? Let's say something broke at a water treatment plant and we needed to order a part from the U.S., are we not going to order the part?" So it's been very tricky. - Tyler Hannemann, general manager, Canoe The City of Elliot Lake used a procurement system from a not-for-profit organization called the Canoe Procurement Group of Canada to choose its shade structure. Canoe acts as a one-stop-shop for municipal procurement and can save time and money because many projects are pre-approved. For example, if Elliot Lake went ahead with its own request for proposals for the sun shelter, it would require plans from an engineer before going to tender. Tyler Hannemann, Canoe's general manager, said the municipalities that use their services are now asking more questions about suppliers in an effort to buy Canadian. "So it's been very tricky," he said. "I would say, you know, across Canada, a lot of municipal governments have questions and are looking at supporting local and, and looking at who they're using and what contracts they have in place." But Hannemann said even purchasing something as straightforward as tires for a municipal fleet can present challenges if the goal is to buy Canadian. "So in our tire program for instance, we have Michelin Tire, which is a French company that has manufacturing operations in Canada," he said. "But we also have Goodyear. That's an American company and it has manufacturing in the states. It has manufacturing in Argentina [and] Asia as well." Hannemann said Canoe also works with Canadian suppliers such as Kal Tire and Fountain Tire that carry brands from around the world. Concessions at Sault arenas go Canadian In Sault Ste. Marie — which has been hit by U.S. tariffs on its local steel production — municipal arenas are moving away from American food options for concessions. Mayor Matthew Shoemaker said the city is looking at other areas to buy Canadian, such as purchasing new fire engines made in Manitoba. But he added the city will never be able to fully divest itself of American products or suppliers. "The supply chain for the last 80 plus years has become so integrated that to disintegrate it would take an equivalent amount of time," Shoemaker said. "Yes, we're going through our trade disagreements at the moment, largely driven by one individual whose every whim is being acquiesced by his party. But there will be a restoration of normal relationships between the two countries. I'm confident of that." The Association of Municipalities of Ontario says tariffs could increase municipal infrastructure costs by $1 billion on nearly $50 billion in planned expenditures over the next two years. "Municipalities can use the 2.1 per cent municipal capital cost increase to help inform decisions on upcoming contracts," the organization said.
