An information seminar about Canada’s newest stock exchange, the Canadian National Stock Exchange (CNSX), will be held in Saint John on Wednesday, 10 February. It will be presented by the New Brunswick Securities Commission (NBSC) in partnership with the Saint John Board of Trade.
The seminar will run from 9 a.m. until 11 a.m. at the Saint John Trade and Convention Centre, Market Square, Saint John. The session will be open to the public and will be free of charge. Pre-registration is required by calling the NBSC at 1 866 933-2222.
“We are pleased to host this seminar with the Saint John Board of Trade as part of our Fullsail™ capital markets initiative education series: Learning the Ropes,” said Rick Hancox, Executive Director, NBSC. “As Canada's newest alternative market, the CNSX is another way for companies to access capital in New Brunswick.”
The CNSX, based in Toronto, trades in equity securities for emerging companies. Company representatives will provide an introduction about the CNSX as well as Pure Trading, a secondary market. The seminar will also address stock exchange competition in Canada and the opportunities unfolding with the evolution of multiple markets. The seminar will be of interest to business owners, lawyers, accountants and investment dealers.
“Partnering on this event with the NBSC provides our members an opportunity to learn more about the options available to grow their business,” said Imelda Gilman, President, Saint John Board of Trade.
The NBSC is an independent Crown corporation that regulates the securities industry in New Brunswick. Its mandate is to protect investors from unfair, improper or fraudulent practices and foster fair and efficient capital markets, as well as confidence in those markets.
The Saint John Board of Trade is a nationally accredited business organization with more than 1,000 members, representing 600 small, medium, and large businesses and organizations in Greater Saint John.
ABOUT THE NEW BRUNSWICK SECURITIES COMMISSION
The New Brunswick Securities Commission is the Crown Corporation that regulates the
securities industry in New Brunswick. It is funded indirectly by investors through industry. Its
mandate is to protect investors from unfair, improper or fraudulent practices and foster fair
and efficient capital markets, as well as confidence in those markets.
To view the full press release click here.
Friday, January 22, 2010
Tuesday, January 12, 2010
Saint John Board of Trade has identified Six Recommendations regarding the proposed sale of NB Power
The Saint John Board of Trade has identified six recommendations which it would like to see incorporated into the final agreement concerning the proposed sale of NB Power to Hydro Quebec. “We feel these additions will ensure that full advantage is taken of the opportunity to maintain existing businesses and jobs and to promote future economic growth and development in our Province” said Kathryn Craig, Chair of the Saint John Board of Trade.
The Saint John Board of Trade has reviewed and analyzed the proposed sale of NB Power to Hydro Quebec outlined in the Memorandum of Understanding (MOU) signed by the Provinces of New Brunswick and Quebec on October 29, 2009. Due to the complexity of this issue, an ad-hoc Task Force comprised of members of the Board of Directors representing small, medium and large sized businesses was created to diligently examine the issue and meet with subject matter experts prior to making a recommendation to the Board.
1) Heritage Pool Supply. The size of the Heritage Pool Supply (HPS) needs to be increased. For example, the allocation currently included in the MOU for the Industrial HPS (4.5TWh) does not provide sufficient capacity to drive future economic growth and development. Proper analysis needs to be conducted to determine the appropriate size of the Heritage Pool Supply. Having a more predictable rate would allow industry to plan future projects more accurately than if the rate was to go to market each year because the Industrial HPS was surpassed.
2) Rate Increases after Five Years. The rate increase formula after five years (i.e. NB Consumer Price Index) needs to be modified. We recommend that the formula for rate increases for all customers after the initial five year period be the lesser of NB CPI or the percent rate change approved in Quebec for the same period and customer class.
3) New Brunswick Supply Chain. We recognize the importance of NB Power to many small- and medium-sized businesses in New Brunswick. While Hydro Quebec has stated that the supply chain will not be affected, we recommend that contractual covenants be incorporated into the final agreement ensuring this will be the case; 100% of work that can be done by New Brunswick companies should be done by New Brunswick companies.
4) NB Power Service and Maintenance Levels. The service and maintenance levels presently enjoyed by NB Power consumers need to be preserved or improved. Both current and potential new businesses require a consistent, reliable source of power. As a result, we recommend that the final agreement contain contractual covenants providing for service and maintenance standards which are equivalent to or improve upon those which currently exist today.
5) Municipal Utilities. We recommend that Saint John Energy should not be negatively impacted by this transaction.
6) Energy Hub. It is unclear how this transaction will affect the future development of the New Brunswick Energy Hub. We recommend the final agreement contain further definition of how the New Brunswick Energy Hub will be protected and developed.
The Saint John Board of Trade is a nationally accredited business organization dedicated to fostering an economic climate that enhances growth, prosperity, and an improved quality of life in the community. With more than 1,000 members, representing 600 small, medium, and large businesses and organizations and therefore, the interests of more than 30,000 citizens, the Board is a dynamic advocate and the principal voice for the business community of Greater Saint John. The elected Board of Directors is representative of the diversity of the membership and their concerns.
The Saint John Board of Trade has reviewed and analyzed the proposed sale of NB Power to Hydro Quebec outlined in the Memorandum of Understanding (MOU) signed by the Provinces of New Brunswick and Quebec on October 29, 2009. Due to the complexity of this issue, an ad-hoc Task Force comprised of members of the Board of Directors representing small, medium and large sized businesses was created to diligently examine the issue and meet with subject matter experts prior to making a recommendation to the Board.
1) Heritage Pool Supply. The size of the Heritage Pool Supply (HPS) needs to be increased. For example, the allocation currently included in the MOU for the Industrial HPS (4.5TWh) does not provide sufficient capacity to drive future economic growth and development. Proper analysis needs to be conducted to determine the appropriate size of the Heritage Pool Supply. Having a more predictable rate would allow industry to plan future projects more accurately than if the rate was to go to market each year because the Industrial HPS was surpassed.
2) Rate Increases after Five Years. The rate increase formula after five years (i.e. NB Consumer Price Index) needs to be modified. We recommend that the formula for rate increases for all customers after the initial five year period be the lesser of NB CPI or the percent rate change approved in Quebec for the same period and customer class.
3) New Brunswick Supply Chain. We recognize the importance of NB Power to many small- and medium-sized businesses in New Brunswick. While Hydro Quebec has stated that the supply chain will not be affected, we recommend that contractual covenants be incorporated into the final agreement ensuring this will be the case; 100% of work that can be done by New Brunswick companies should be done by New Brunswick companies.
4) NB Power Service and Maintenance Levels. The service and maintenance levels presently enjoyed by NB Power consumers need to be preserved or improved. Both current and potential new businesses require a consistent, reliable source of power. As a result, we recommend that the final agreement contain contractual covenants providing for service and maintenance standards which are equivalent to or improve upon those which currently exist today.
5) Municipal Utilities. We recommend that Saint John Energy should not be negatively impacted by this transaction.
6) Energy Hub. It is unclear how this transaction will affect the future development of the New Brunswick Energy Hub. We recommend the final agreement contain further definition of how the New Brunswick Energy Hub will be protected and developed.
The Saint John Board of Trade is a nationally accredited business organization dedicated to fostering an economic climate that enhances growth, prosperity, and an improved quality of life in the community. With more than 1,000 members, representing 600 small, medium, and large businesses and organizations and therefore, the interests of more than 30,000 citizens, the Board is a dynamic advocate and the principal voice for the business community of Greater Saint John. The elected Board of Directors is representative of the diversity of the membership and their concerns.
Thursday, November 5, 2009
News Release: Saint John Board of Trade announces recipient of 2009 “Big Heart Award”
On November 5, 2009 the Saint John Board of Trade announced Key Industries as this year’s recipient of the Big Heart Award. The 25th annual awards dinner and presentations will take place at 7:00 p.m. on Wednesday, November 25th at the Saint John Trade and Convention Centre. The Big Heart Award, established in 2003, recognizes those who are working to make this community a better place to live through their support of charitable or other community causes. This award is open to non-profit or charitable organizations, or to companies for their support (through time and money) of those organizations. To view the news release click here.
Wednesday, October 28, 2009
The Saint John Board of Trade partners with Propel ICT to Re-launch WiFi Freespots
The Saint John Board of Trade in partnership with Propel ICT announced
today the re-launch of freespots, the public Wi-Fi service that covers the City of Saint John
with free wireless internet. To view the full press release and find out how to become a freespot click here.
today the re-launch of freespots, the public Wi-Fi service that covers the City of Saint John
with free wireless internet. To view the full press release and find out how to become a freespot click here.
Monday, October 26, 2009
Saint John Board of Trade announces recipient of 2009 "Chair's Award"
On October 26, 2009 the Saint John Board of Trade announced Gerry Pond as the recipient of the 2009 "Chair's Award". The Chair’s Award was established in 1993 to recognize a company, or individual, who has demonstrated a particular excellence or achievement in a certain aspect of their business, having made either an immediate impact on or a substantial long-term contribution to the economic progress of our community. To view the news release click here.
Friday, October 23, 2009
Saint John Board of Trade's Women in Business Forum Launches 8th Annual Bare Necessities Campaign
The Saint John Board of Trade's Women in Business Forum will be collecting toiletry items for their eighth annual “Bare Necessities” campaign. Started in 2002, the goal of the campaign is to provide women’s shelters, food banks and other organizations packages containing the ‘little but necessary’ personal care items, just in time for the holiday season.
For the full press release and to find out where items can be dropped off please click here.
For the full press release and to find out where items can be dropped off please click here.
Friday, September 18, 2009
Saint John Board of Trade encourages 5 Regional Municipalities to work together on Tourism model
The Saint John Board of Trade is extremely excited with the City’s prospects for attracting and retaining more tourists and visitors to our great City and region. The fact we have now attracted over 1,000,000 cruise passengers to our area is solid and undeniable proof that we are in the midst of a great destination location; one that is gaining momentum, but one that is performing far below its potential.
It is for this reason that the Board of Trade is supportive of the formation of a Destination Marketing Organization (DMO). The energy and optimism surrounding the positioning of the Greater Saint John area as the Destination of Choice in Atlantic Canada is gaining momentum.
“We are confident this can happen with one voice and a shared vision which the DMO is proposing. We are also pleased that the Strategic Plan will be based on measurable tactics that can show return on investment objectives” said Imelda Gilman, President of the Saint John Board of Trade. “The proposed model will leverage existing dollars, eliminate duplication of efforts, and clarify the common vision to industry, stakeholders, entrepreneurs, and visitors. We encourage the five regional municipalities to work together on this tourism model” added Ms. Gilman.
For the past two years, the Saint John Board of Trade’s Retail Forum has been working on promoting Saint John as a Retail Destination. The Board of Trade wants to see more shopping in Greater Saint John by our local citizens and to attract shoppers to our city. While the objective is to increase retail activity, the City’s attraction is much more than retail. It is heritage, waterfront and rivers, cultural activity, sporting events and great restaurants. It is a walk in Rockwood Park, the Nature Park, Harbour Passage, or Fundy Trail. It is a great evening of dining in the historic downtown or the Kennebecasis Valley. It is golfing at Saint John, Grand Bay-Westfield, and Rothesay. And of course it is shopping throughout our City and region.
The Board of Trade and its Retail Forum are ready to work with the DMO and the five regional municipalities in helping it see Greater Saint John become the Destination of Choice in Atlantic Canada.
It is for this reason that the Board of Trade is supportive of the formation of a Destination Marketing Organization (DMO). The energy and optimism surrounding the positioning of the Greater Saint John area as the Destination of Choice in Atlantic Canada is gaining momentum.
“We are confident this can happen with one voice and a shared vision which the DMO is proposing. We are also pleased that the Strategic Plan will be based on measurable tactics that can show return on investment objectives” said Imelda Gilman, President of the Saint John Board of Trade. “The proposed model will leverage existing dollars, eliminate duplication of efforts, and clarify the common vision to industry, stakeholders, entrepreneurs, and visitors. We encourage the five regional municipalities to work together on this tourism model” added Ms. Gilman.
For the past two years, the Saint John Board of Trade’s Retail Forum has been working on promoting Saint John as a Retail Destination. The Board of Trade wants to see more shopping in Greater Saint John by our local citizens and to attract shoppers to our city. While the objective is to increase retail activity, the City’s attraction is much more than retail. It is heritage, waterfront and rivers, cultural activity, sporting events and great restaurants. It is a walk in Rockwood Park, the Nature Park, Harbour Passage, or Fundy Trail. It is a great evening of dining in the historic downtown or the Kennebecasis Valley. It is golfing at Saint John, Grand Bay-Westfield, and Rothesay. And of course it is shopping throughout our City and region.
The Board of Trade and its Retail Forum are ready to work with the DMO and the five regional municipalities in helping it see Greater Saint John become the Destination of Choice in Atlantic Canada.
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