Jays get David Price in big trade

Posted On Oct 7 2019 by

The Toronto Blue Jays have acquired starting pitcher David Price from the Detroit Tigers.Price, who will turn 30 years old on August 26th, was drafted first overall by Tampa Bay in 2007. He was traded in 2014 to Detroit midway through the season. Price has a career record of 95 wins and 55 losses and a .313 ERA.Price is the starting pitcher that fans and even some Blue Jays players had been hoping to acquire. He will be a free agent at the end of the season.In exchange, Toronto gives up pitchers Matt Boyd and Daniel Norris. Both are both currently playing in triple A Buffalo but have both been up with the big club this season. They’re also losing pitcher Jairo Labourt who is currently playing in A ball with Dunedin.The first time Jays fans will see Price in a Toronto uniform could be Sunday afternoon against the Kansas City Royals. The team will hold a media conference this afternoon.CHCH’s Ken Welch will have more on the trade tonight on the Evening News at 6. read more


Marineland cleared of all charges by OSPCA

Posted On Oct 7 2019 by

All animal cruelty charges laid against Marineland by the OSPCA have been dropped.According to the Canadian Press, prosecutors said there was no reasonable chance of conviction on most of the 11 counts. The Crown could have proceeded on three of the charges but did not believe it was is in the public’s interest to do so.The OSPCA launched an animal cruelty investigation against Marineland last November after receiving a complaint.An initial investigation charged the Niagara Falls tourist attraction with five counts of animal cruelty with regards to the treatment of peacocks, guinea hens and black bears.In January, six more charges were laid in connection with the handling of elk, red deer and fallow deer.Following the laying of the charges, Marineland denied all allegations saying the complaint came from a former employee. read more


TD Bank becomes Canadas biggest money manager with 792million deal to buy

Posted On Oct 7 2019 by

Kathryn Hollinrake / THE CANADIAN PRESS Under the deal, shareholders of Greystone Capital will receive 30 per cent of the purchase price in TD common shares, with the remainder payable in cash.Greystone shareholders will have the ability to elect to increase share portion of the payment up to a maximum of 50 per cent of the total payment.Greystone, which has nearly 200 employees, will be rebranded as TD Greystone and will continue to operate from Regina.“Joining forces with TD will add tremendous value to Greystone clients interested in expanding and diversifying their investment portfolios,” said Greystone’s chief executive and chief investment officer Robert Vanderhooft in a statement.The acquisition comes at a time when the wealth and asset management space is not only facing fierce competition from other players, but also from increased interest in self-directed investing, robo-advisers and other products with lower fees such as exchange-traded funds.TD is aiming to launch a “robo-guidance” product, which won’t make recommendations, but can be used to create sophisticated portfolios, by the end of this year, Salom said. A follow to that launch will be a robo-advisor platform where clients provide information about risk tolerance and timeline and receive recommendations, he added. The bank is partnering with U.S. firm Hydrogen on these products, Salom added.TD’s direct investing online platform WebBroker is seeing a surge in demand from self-directed retail investors. The bank recently completed a $100-million revamp of its WebBroker and mobile trading assets over the past 18 months, said Salom.Yet, at the end of 2017 and early 2018 the platform was plagued with outages amid a spike in trading activity.A flurry of interest in the pot sector helped to drive trade volumes up by more than two times during that period, said Salom.“Interest in cannabis by mainstream investors, but also particularly a new generation of investors that wanted to participate in the growth of the industry… created some capacity challenges for the entire industry, and we were not immune to it,” he said.Interest from investors continues to rise as Canada prepares to legalize cannabis for recreational use on Oct. 17.TD last month expanded its approved list of cannabis stocks its staff are allowed to recommend from three to 19. The “eligible for solicitation” list originally included licensed producers Canopy Growth Corp., Emerald Health Therapeutics and Emblem Corp. It has been expanded to include MedReleaf Corp. and the Hydropothecary Corp., and others, but not Aurora Cannabis or Aphria Inc., two of the largest licensed producers in Canada.TD does not restrict clients from investing in certain marijuana stocks, but does not want its advisers to offer certain stocks without a certain level of due diligence first, Salom said. The bank is concerned about cannabis firms’ operations in the U.S., he said, where pot has been legalized in several states but remains illegal at the federal level.“We are a North American bank and we have certain obligations to our regulators on both sides of the border,” said Salom. Toronto-Dominion Bank will buy Saskatchewan-based Greystone Managed Investments Inc. for roughly $792-million in stock and cash, a transaction which the bank says makes its asset management division the biggest money manager in Canada.Acquiring the institutional money manager will add another $36 billion in Canadian assets under management and expertise in real estate, mortgages and infrastructure investments as competition in the industry heats up, said Leo Salom, TD’s group head of wealth management and TD Insurance.“They’ll be a great shot in the arm,” he said in an interview.TD Bank speeds up junior bankers’ promotions to attract and keep young talentTD overtakes RBC for first time in 6 years, becoming Canada’s premium bankOttawa sought TD Bank to talk up Canada in U.S. following Trump’s inauguration, document suggestsThe asset management sector in Canada is in a consolidation phase with privately held firms being snapped up amid heightened competition.In March, the Bank of Nova Scotia announced a $950-million deal to buy Montreal’s Jarislowsky Fraser investment firm to create the third-largest active money manager in Canada. In January, Sun Life Global Investments completed its acquisition of Excel Funds Management Inc. and Excel Investment Counsel Inc., which specializes in emerging markets funds.The proposed transaction between TD and the Regina-based money manager’s parent company Greystone Capital Management Inc. will bring total assets under management at the bank to $393 billion, making it the largest player based on assets based in the country, TD said.The transaction is expected to be completed in the second half of 2018, subject to approvals and customary closing conditions.Executive VP of Wealth Management at TD Bank Group Leo Salom is shown in this undated handout image. read more


Police blotter Shoplifters target Superstore

Posted On Oct 7 2019 by

Norfolk OPP have released an image of a man wanted in connection to a theft at a Simcoe business.On Saturday evening police were called by employees of the Real Canadian Superstore reporting a theft.Police say a man entered the store and removed merchandise. He then exited the store and left in a black Hyundai in an unknown direction.Just a few hours after the male suspect left the store, a woman allegedly removed items from the same Simcoe store.Police say they received a complaint about the theft, and through investigation determined the woman attended the store and removed merchandise.A 59-year-old Norfolk County woman has been charged with theft under $5,000 and will appear in court at a later date.If anyone has any information or can identify the male suspect, they are being asked to contact the OPP at 1-888-310-1122.Neighbour dispute leads to chargeA 39-year-old Norfolk County man is facing trespassing charges after a dispute with a neighbour in Courland.Norfolk OPP say the man entered his neighbour’s property during a verbal confrontation.The man was subsequently charged with enter premises when entry prohibited contrary to the Trespass to Property Act.He was issued a provincial offences notice.Speed and alcohol don’t mixOn Friday night a driver was accused of speeding while impaired.Police say they were patrolling Blueline Road near Port Dover when the vehicle caught their attention. They stopped the vehicle at a to investigate.As a result a 61-year-old Norfolk man was charged with speeding, operation while impaired – blood alcohol concentration 80 plus, and driving motor vehicle with open container of liquor.He is scheduled to appear in court at a later date.Roadway litter leads to chargesAround noon on Saturday police were contacted by employees of the Norfolk County Roads Department reporting a hazardous condition.Police say a man dumped a large amount of debris in the middle of 12th Concession Road, North Walsingham, which caused serious hazards for other drivers.A 21-year-old Norfolk County man was charged with litter highway, contrary to the Highway Traffic Act.Police ask public to stop using 911 to report raccoonsA raccoon complaint is not an emergency.On Saturday afternoon police received an emergency 911 call to report a raccoon in a homeowner’s backyard.Homeowners who spot raccoons during the day are asked to contact a private animal removal service, not the police.“The OPP does not have the equipment to trap and house live animals or transport wild animals. Calling 911 for raccoons, tie up the phone lines at the communications center, waste taxpayer money, tie up law enforcement officers and threaten lives. A private animal removal service should be contacted instead,” said Norfolk OPP Inspector Joseph Varga.Suspended driver pulled overOn Saturday evening a 31-year-old Norfolk County man was pulled over after he caught the attention of officers patrolling Cockshutt Road in Townsend.As a result the man has been charged with speeding, operation while impaired – alcohol and drugs, driving while under suspension, failure to have insurance card, and driving a motor vehicle – no currently validated permit.Police looking to identify suspicious maleOn Sunday night a male resident was walking down Norfolk Street South in Simcoe when they were approached by a suspicious man in a vehicle.The man slowed down his vehicle to ask the resident a series of inappropriate questions.The unknown man is described as white, mid 30’s, dark trimmed goatee, wearing a dark baseball hat and dark sweater.The vehicle is described as a dark or black coloured Sports Utility Vehicle possibly a GMC Jimmy.If anyone has any information they are being asked to contact the OPP at 1-888-310-1122.Driver charged Automated licence-plate reading technology helped police pull a suspended driver off the road near Delhi. An officer with the Norfolk OPP was patrolling Highway 3 near Delhi when the device issued an alert for a problematic licence plate. The officer conducted a pull-over and discovered that the 27-year-old Norfolk man behind the wheel was under suspension. The pull-over occurred around 9:40 p.m. Thursday. The driver was charged accordingly and has a date to appear in the Ontario Court of Justice in Simcoe at a later date. read more