Andrew McCreath’s Forge First buys Sui Generis + MORE Oct 30th

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OTTAWA _ At least three other members of Prime Minister Justin Trudeau’s cabinet have personal financial arrangements similar to the setup that has landed Finance Minister Bill Morneau in hot water, despite the blessing of the federal ethics commissioner.
Fisheries Minister Dominic LeBlanc, Justice Minister Jody Wilson-Raybould and Infrastructure Minister Amarjeet Sohi are using so-called conflict-of-interest screens, a step short of the blind-trust gold standard for politicians seeking to avoid the sort of controversy Morneau now finds himself in.
Sohi says he has a screen in place to prevent him from participating in decisions that could benefit his wife’s holdings in a company that is also a partial owner of farmland in Alberta.
He says the screen is an effective tool that has already seen him removed from the approval process for an infrastructure project, proposed by the province, that would be in close proximity to the farmland.
In response to accusations that he’s personally profited from decisions he’s taken as finance minister, Morneau has promised to sell off $21 million worth of shares in his family’s company and place the rest his substantial assets in a blind trust…

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John Holland Group chief says financial backing from China Communications Construction Co. Ltd. opened new opportunities for his company despite early security concerns

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Andrew McCreath, president and chief executive officer of Forge First Asset Management Inc., said his firm has purchased Sui Generis Investment Partners

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TORONTO _ The Toronto stock index closed above the 16,000 mark for the first time today, despite modest declines on Wall Street.
The S&P/TSX composite index rose 49.27 points to 16,002.78, boosted by the health-care and energy sectors.
In New York, the Dow Jones industrial average fell 85.45 points to 23,348.74. The S&P 500 index was down 8.24 points to 2,572.83 and the Nasdaq composite index edged back 2.30 points to 6,698.96.
The Canadian dollar was trading at an average price of 77.90 cents US, up 0.22 of a U.S. cent.
In commodities, the December crude contract advanced 25 cents to US$54.15 per barrel and the December natural gas contract was unchanged at US$2.97 per mmBTU.
The December gold contract was up US$5.90 to US$1,277.70 an ounce and the December copper contract added a penny at US$3.11 a pound.
 
The post S&P/TSX composite closes above 16,000 mark for the first time, loonie up appeared first on Canadian Business – Your Source For Business News.

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CBC.caTSX closes above 16000 for first time, led by energy companiesCBC.caCanada's benchmark stock index topped 16,000 points for the first time on Monday, the first trading day since it set a record high on Friday. When the stock market closed at 4 p.m. ET on Monday, the S&P/TSX Composite Index sat at 16,002.78, up just …S&P/TSX composite breaks through 16000 mark for the first timeCTV NewsS&P/TSX composite closes above 16000 mark for the first time, loonie upFinancial PostDow finishes 85 points lower on report corporate tax cut could be gradualCNBCReuters Canada -Barron’s -KTIC -GuruFocus.comall 12 news articles »

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