S&P/TSX 60 Index

CIBC Announces Appointment of Katharine Stevenson as Chair of the Board

Retrieved on: 
Thursday, December 3, 2020
ONTARIO, Economy of Toronto, Canadian Imperial Bank of Commerce, S&P/TSX 60 Index, Companies, John Manley, Toronto Stock Exchange

TORONTO, Dec. 3, 2020 /CNW/ -CIBC (TSX: CM) (NYSE: CM) announced today the appointment of Katharine B. Stevenson as Chair of the Board, effective upon her election as a director at CIBC's Annual Meeting on April 8, 2021.

Key Points: 
  • TORONTO, Dec. 3, 2020 /CNW/ -CIBC (TSX: CM) (NYSE: CM) announced today the appointment of Katharine B. Stevenson as Chair of the Board, effective upon her election as a director at CIBC's Annual Meeting on April 8, 2021.
  • She will succeed The Honourable John P. Manley, who willretire from the Board at the next annual meeting, after six years as Chair and 16 years as a CIBC director.
  • "I am deeply honoured to succeed Mr. Manley as Chair," said Ms. Stevenson.
  • In addition to CIBC, Ms. Stevenson is currently a director of Open Text, Capital Power, and St. Michael's Hospital Foundation.

Scotiabank named Bank of the Year in Canada for second year in a row

Retrieved on: 
Wednesday, December 2, 2020
Companies, S&P/TSX 60 Index, Scotiabank, Financial services, Finance, The Banker, ING Group

TORONTO, Dec. 2, 2020 /CNW/ - For the second year in a row, Scotiabank has been named Canadian Bank of the Year by The Banker magazine.

Key Points: 
  • TORONTO, Dec. 2, 2020 /CNW/ - For the second year in a row, Scotiabank has been named Canadian Bank of the Year by The Banker magazine.
  • Bank of the Year winners are judged on their ability to deliver returns, gain strategic advantage, and serve their markets.
  • This follows Scotiabank's award as the Best Bank in North America for Innovation in Digital Banking by The Banker earlier this year.
  • "This award demonstrates our commitment to delivering superior products and services to Canadians from coast to coast," said Brian Porter, President and Chief Executive Officer at Scotiabank.

Leonardo Dionicio named a 2021 top Hispanic professional in IT by HITEC

Retrieved on: 
Wednesday, December 2, 2020
S&P/TSX 60 Index, Sun Life Financial, Dionicio

WELLESLEY, Mass., Dec. 2, 2020 /PRNewswire/ --Sun Life announced today that Leonardo Dionicio, vice president, Technology Foundation for Sun Life U.S., has been named to the HITEC 2021 100 list of the most influential and notable Hispanic professionals in the technology industry by the Hispanic IT Executive Council (HITEC).

Key Points: 
  • WELLESLEY, Mass., Dec. 2, 2020 /PRNewswire/ --Sun Life announced today that Leonardo Dionicio, vice president, Technology Foundation for Sun Life U.S., has been named to the HITEC 2021 100 list of the most influential and notable Hispanic professionals in the technology industry by the Hispanic IT Executive Council (HITEC).
  • Awardees are evaluated on their accomplishments in the ever-changing global landscape of technology and for their mentoring and professional development activities.
  • Dionicio is responsible for driving innovation to advance Sun Life's U.S. technology footprint supporting the company's technology products and digital assets.
  • The awardees on the HITEC 100 list will be recognized virtually during the HITEC Awards Ceremony on December 8, 2020.

Sale of Cenovus’s Marten Hills oil assets to Headwater Exploration closes

Retrieved on: 
Wednesday, December 2, 2020
S&P/TSX 60 Index, Cenovus Energy, Companies, CVE, Toronto Stock Exchange, Sandhar, Economy of Canada, Economy of Ontario

CALGARY, Alberta, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) and Headwater Exploration Inc. (TSX:HWX) are pleased to announce the closing of the acquisition by Headwater of Cenovus's assets in the Marten Hills area of Alberta.

Key Points: 
  • CALGARY, Alberta, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) and Headwater Exploration Inc. (TSX:HWX) are pleased to announce the closing of the acquisition by Headwater of Cenovus's assets in the Marten Hills area of Alberta.
  • Concurrent with closing the transaction, Kam Sandhar, Cenovus's Senior Vice-President, Conventional, and Sarah Walters, Cenovus's Senior Vice-President, Corporate Services, were appointed to the Board of Directors of Headwater.
  • We look forward to working with Headwaters highly respected management team as they begin to develop these top-quality oil assets at Marten Hills, said Sandhar.
  • As a result of the transaction, Cenovus owns, through Cenovus Marten Hills Partnership, 50 million Headwater shares representing 25.6% of the companys issued and outstanding common shares.

MySize Partners With UniformMarket, Expanding Availability Among Workwear Brands

Retrieved on: 
Wednesday, December 2, 2020
Publishing, S&P/TSX 60 Index, Shopify, Sizing, Bra size, Software sizing, Tel Aviv Stock Exchange, Companies

(the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of smartphone measurement solutions, today announced its partnership with UniformMarket, significantly expanding their presence in workwear.

Key Points: 
  • (the "Company" or "My Size") (NASDAQ: MYSZ) (TASE: MYSZ), the developer and creator of smartphone measurement solutions, today announced its partnership with UniformMarket, significantly expanding their presence in workwear.
  • MySize's partnership with UniformMarket is designed to address these issues by bringing accurate sizing to the primary marketplace of the workwear market.
  • Workwear brands can finally provide accurate sizing and give the confidence necessary to customers in order to complete their purchases online.
  • "UniformMarketis very much the Shopify of the workwear brands world and having them partner with MySize is yet another big vote of confidence in our solution and the importance of sizing in the workwear category," said Ronen Luzon, CEO, and Founder of MySize.

BMO Commercial Banking Leader, Sheri Griffiths, Recognized as One of Canada's Most Powerful Women

Retrieved on: 
Wednesday, December 2, 2020
Companies, ING Group, ONTARIO, Finance, Financial services, S&P/TSX 60 Index

The sponsorship is part of BMO's ongoing work to support small businesses in making real financial progress, especially those led by women.

Key Points: 
  • The sponsorship is part of BMO's ongoing work to support small businesses in making real financial progress, especially those led by women.
  • Named to Canada's Most Powerful Women list, Sheri Griffiths has an MBA from Dalhousie University and more than three decades of extensive retail and commercial banking experience.
  • Her tenure at BMO spans 20 years; in her current role, she leads Commercial Banking throughout Greater Ontario.
  • As part of the awards program, 14 women will be recognized with the BMO Entrepreneurs Award for their flourishing success.

Acreage Announces Construction-Financing Loan

Retrieved on: 
Wednesday, December 2, 2020
Appetite stimulants, Entheogens, Euphoriants, Drugs, Psychoactive drugs, Cannabis, Canopy Growth, S&P/TSX 60 Index, Hemp, Tetrahydrocannabinol

The loan provides for a principal amount of approximately $12 million at an annual interest rate of 16% over a term of 18 months.

Key Points: 
  • The loan provides for a principal amount of approximately $12 million at an annual interest rate of 16% over a term of 18 months.
  • As previously announced, Acreage anticipates launching Canopy Growths select, sessionable THC beverage formulations in Illinois and California in the summer of 2021.
  • Acreage also owns Universal Hemp, LLC, a hemp subsidiary dedicated to the distribution, marketing and sale of CBD products throughout the U.S.
  • Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience.

Sun Life President and CEO Dean Connor Announces Intention to Retire after Distinguished Career

Retrieved on: 
Wednesday, December 2, 2020
S&P/TSX 60 Index, Sun Life Financial, Ivey Business School, SLF, Economy of Canada, ONTARIO, Dean A. Connor

TORONTO, Dec. 2, 2020 /PRNewswire/ -Bill Anderson, Chairman of Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF), announced today that Sun Life President and Chief Executive Officer, Dean Connor intends to retire August 6, 2021.

Key Points: 
  • TORONTO, Dec. 2, 2020 /PRNewswire/ -Bill Anderson, Chairman of Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF), announced today that Sun Life President and Chief Executive Officer, Dean Connor intends to retire August 6, 2021.
  • Mr. Connor will also retire from the Sun Life Board of Directors in accordance with company policy.
  • "In his 14 years at Sun Life and nearly 10 years as President and CEO, Dean retires after a distinguished career where he transformed Sun Life to become one of the top insurance and asset management companies in the world.
  • As Sun Life CEO, Mr. Connor has received significant recognition, including being named Canada's Outstanding CEO of the Year in 2017 and Ivey Business School Leader of the Year in 2018.

Manulife Bank's Janine Barry named to WXN Top 100 Most Powerful Women in Canada

Retrieved on: 
Wednesday, December 2, 2020
Manulife, S&P/TSX 60 Index, Companies, Economy of Canada, Manulife Bank of Canada

TORONTO, Dec. 2, 2020 /CNW Telbec/ - Janine Barry, AVP, Digital Engagement, Manulife Bank has been recognized by the Women's Executive Network (WXN) as one of Canada's Most Powerful Women.

Key Points: 
  • TORONTO, Dec. 2, 2020 /CNW Telbec/ - Janine Barry, AVP, Digital Engagement, Manulife Bank has been recognized by the Women's Executive Network (WXN) as one of Canada's Most Powerful Women.
  • Manulife is on a digital acceleration path, leveraging the powerful thought leadership it has across the organization to produce the best ideas.
  • Barry has played an instrumental role in supporting the way Manulife Bank does business.
  • "Janine is focused on making decisions easier and lives better for customers, colleagues and her community," says Mike Doughty, President & CEO, Manulife Canada.

Alice D. Laberge to retire from Royal Bank of Canada's Board of Directors

Retrieved on: 
Wednesday, December 2, 2020
Articles, Companies, Business, S&P/TSX 60 Index, Economy of Toronto, Royal Bank of Canada, Toronto Stock Exchange, RBC Bank, RBC, Royal Bank, RY, New York Stock Exchange

TORONTO, Dec. 2, 2020 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that Alice D. Laberge will retire from the board of directors on January 2, 2021.

Key Points: 
  • TORONTO, Dec. 2, 2020 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that Alice D. Laberge will retire from the board of directors on January 2, 2021.
  • "On behalf of the board, I would like to thank Alice for her significant contributions over the past 15 years," said Katie Taylor, Chair of the Board, Royal Bank of Canada.
  • "As one of our longest serving board members, Alice's deep financial insights, governance experience and strategic counsel have made a lasting impact on RBC.
  • Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.