Latest news with #GrahamMacKenzie
Yahoo
2 days ago
- Business
- Yahoo
ETF Express Closes the Market
Toronto, Ontario--(Newsfile Corp. - May 29, 2025) - Beverly Chandler, Managing Editor, ETF Express, joined Graham MacKenzie, Managing Director, Exchange Traded Products, Toronto Stock Exchange (TSX), and the winners of the 2025 Canadian ETF Express Awards to close the market. Cannot view this video? Visit: The popular ETF Express ETF awards' series launched in Europe in 2010, expanded to the US in 2019 and 2025 will be the third year that the awards will be presented to Canadian ETF industry participants. This year the event is being hosted by the Toronto Stock Exchange, home of the world's first ETF. The ETF issuer awards are based on data from ETF Express's data partner, Trackinsight, while the ETF service provider awards are based on a nomination process. Both issuers and service providers are then put through a qualitative process of peer voting which results in the firms with the most votes winning the awards. Beverly Chandler, managing editor, ETF Express, says: "Many congratulations to our winning firms this year in this celebration of the vibrant ETF industry in Canada." MEDIA CONTACT:Beverly ChandlerManaging EditorETF To view the source version of this press release, please visit Sign in to access your portfolio
Press and Journal
22-05-2025
- Automotive
- Press and Journal
Highland Council given safety warning after wheel falls off vehicle and loose wheel nuts found on another
Several investigations were launched into the condition of Highland Council's vehicles after the wheel fell off one and loose wheel nuts were later found on another. Scotland's Deputy Traffic Commissioner issued a 'formal warning' to the council's vehicle team after the two incidents and instances of failing to correctly report defects. It is the council's second independent audit into their vehicle fleet in just over a year and could have led to a public inquiry into its vehicle conduct. Committee councillors congratulated officers and welcomed their report stating the council had avoided the 'disaster' of a public inquiry. However, other councillors have described the auditor's verdict and the near miss of an inquiry as 'anything but a clean bill of health.' Back in 2021, the council suffered a 'wheel loss incident' with one of their vehicles in Lochaber. That was noted by officials, but in 2023 the council were told a vehicle was not road worthy after an MOT revealed it had loose wheel nuts and another had suspension issues. Despite the issues being 'rectified immediately' the DVSA decided to conduct a 'more thorough investigation' given the 'seriousness' of the faults. This resulted in an independent audit on the council's fleet operations in May last year. After the initial investigation, the Deputy Traffic Commissioner for Scotland, Hugh Olson, issued a 'formal warning,' questioning the council's operating procedure for vehicles. A second independent audit was subsequently conducted in February of this year. The latest independent audit was conducted by Logistics UK and was returned to the council in March. Several 'urgent' actions issued to the council included an overhaul of the council's 'defect reporting process' for vehicles. These actions included a review of the 'control and compliance of drivers,' part of which involved the process of checking driver licences. The audit also revealed the council does not have a 'formal' drugs and alcohol policy, which includes random testing for their drivers and vehicle staff. Further actions for the council to take included multiple policy reviews and various continued checks on the council's seven vehicle workshops. Another independent audit must be completed by the August 31 to judge improvements to the service. The council is currently working on implementing a 'no defect, no repair' policy as part of their improvements to vehicle services. Further training on driver licences and compliance has been issued and a drugs and alcohol policy remains on target for the next report in September. On a UK government vehicle operations scoring system, Highland Council is still rated overall as 'low risk.' Graham MacKenzie, chairman of Highland Council's communities and place committee, said the investigations are a 'significantly serious issue for the council.' He added: 'It would not have been good to have been asked to attend a public inquiry in relation to this.' He then thanked council officers for their work in avoiding further scrutiny. Skye councillor Drew Millar said: 'I welcome this report and congratulations to the staff who did all the work to avert what could have potentially been a bit of a disaster.' Speaking after the more positive comments in the chamber, Inverness councillor Duncan Macpherson said the council's situation was 'anything but' a 'clean bill of health. Councillor Macpherson, who has run car dealerships across the Highlands and Moray and managed MOT testing facilities, was watching the meeting online. He said: 'Facing the prospect of having to appear up in front of the Traffic Commissioner, the council hurriedly took reparative action to correct their own faults and shortcomings on the way their fleet of vehicles was maintained.' He compared the council's actions that of a private company and said in this situation the business owner in the Highlands would likely have been 'sanctioned and financially penalised.' Mr Macpherson added the 'damning' report was 'genuinely bad news' and said the attempts to frame it as good news 'beggar belief.' The council will provide a further update on progress to improve the service in September.
Yahoo
12-05-2025
- Business
- Yahoo
Blossom Social's Retail Investor Community Closes the Market
Toronto, Ontario--(Newsfile Corp. - May 12, 2025) - Maxwell Nicholson, Chief Executive Office and Co-Founder, Blossom Social Investing ("Blossom"), joined Graham MacKenzie, Managing Director, Exchange Traded Products, Toronto Stock Exchange (TSX), to close the market to celebrate the milestone of reaching 250,000 investors on their platform. Cannot view this video? Visit: Blossom is a social network for investors where over 250,000 members transparently share their portfolios and investing ideas, verified by linked brokerage accounts. Blossom is also a media partner of some of Canada's largest ETF providers, including BMO ETFs, Global X, Fidelity Canada, Harvest ETFs, and even the Toronto Stock Exchange, via a partnership promoting the TSX Venture-50 companies. The TSX was proud to host over 100 of Blossom's shareholders and users at the TMX Market Centre in order to celebrate this record-setting raise! MEDIA CONTACT:Maxwell NicholsonChief Executive Office and Co-Foundermaxwell@ To view the source version of this press release, please visit
Yahoo
07-03-2025
- Business
- Yahoo
Toronto Stock Exchange to Celebrate Anniversary of World's First ETF
The Toronto Stock Exchange (TSX) will mark the 35th anniversary of the first ETF today with a special market close event commemorating a Canadian financial innovation that transformed global investing. The world's first exchange-traded fund, the Toronto 35 Index Participation Units (TIPs), launched on March 9, 1990, according to the press release. This product served as the prototype for modern ETFs, which have since become one of the most popular investment vehicles globally. The milestone highlights Canada's pioneering role in creating investment vehicles now used by millions worldwide, with the Canadian ETF market recently surpassing $600 billion in assets under management across more than 1,000 products, according to a TSX press release. "We are extremely proud to see that ETFs—a Canadian invention—have changed the financial markets and the way that investors interact with markets around the world," Loui Anastasopoulos, Toronto Stock Exchange CEO, said in the announcement. Canada has maintained its leadership position in ETF innovation over the decades, according to TSX. The exchange listed the world's first fixed-income ETF in 2000 and the world's first bitcoin ETF in 2021, continuing a trend of financial product development. At the end of January 2025, TSX ETFs held over $560 billion in assets under management across 1,073 products, according to the release. In 2024, $753 billion worth of ETF units were traded in Canada, with options available on 53 ETFs through the Montréal Exchange. Graham MacKenzie, managing director of exchange-traded products at the Toronto Stock Exchange, noted in the release, "The Canadian ETF ecosystem has experienced remarkable growth and innovation in the past 35 years." The anniversary celebration coincides with TMX Group's recent expansion in the ETF industry. In January 2024, the company acquired VettaFi, a U.S.-based indexing and analytics firm, according to the press | © Copyright 2025 All rights reserved Sign in to access your portfolio
