Finance students excel in global competition

The Saint Mary’s team earned eighth place for Canada in the 2023 Bloomberg Global Trading Challenge

Saint Mary’s University students gained valuable real-world experience that will help propel them into careers in capital markets and investment banking, by participating in the 2023 Bloomberg Global Trading Challenge. The Saint Mary’s team, comprised of students in the Sobey School of Business, finished eighth in Canada, 42nd in North America and 113th in the world out of 2,007 teams.

Teams from 309 universities and business schools faced the same challenge: use Bloomberg Terminals to invest $1 million virtual USD and be ranked on the profit/loss margin. “We were nervous,” says Master of Finance student Ifrahim Iftikhar. “We did not want to lose the $1 million (virtual) in the first two or three weeks.”

Team Captain Rehan Habib and the team members Nancy Naadei Kotei-Sass, Ryan Macalalad, Suja R.J. Vikas and Ifrahim Iftikhar are all from the prestigious Master of Finance program. They taught themselves how to use the Bloomberg Terminals from online videos and other resources provided by Bloomberg Education.

Influenced by world events, the students initially took a defensive position and followed a safe 60/40 diversification strategy focused on U.S. stocks, but soon found they were only matching the WLS index (Bloomberg World Large, Mid & Small Cap Price Return Index) which was underperforming at the time. They needed a change in direction to maximize returns over the short, six-week span of the competition.

“Our diversity was a distinct advantage, says Rehan Habib. “ With team members from several countries including India and Pakistan, we had multiple perspectives and important sector insights.”

“We identified that the Indian stock market was doing extremely well, and the Pakistan market was at a historic high,” explains Suja Vikas. “We analysed the market and decided collectively how much risk we could take.” The strategy succeeded and the team secured a $65,000 lead by the competition's end.

Faculty mentor, Dr. Florian Muenkel, says that the competition is particularly valuable for the students studying in the Sobey School of Business. “It’s practical experience. Students learn how to take a large set of assets and identify which ones have the best potential.  They learn that we are all exposed to behavioural biases, and they learn how to overcome them. At the same time, they browse the news and consider macroeconomics and political risk.”

He notes that the Saint Mary’s team was successful due to teamwork—they were able to divide up the tasks and make decisions. “You have to rely on your team; they worked well together.”

Nancy Naadei Kotei-Sass says, “I learned a great deal—how to handle the Bloomberg Terminal and how to trade. Trading in a short period requires a lot of strategies because the market can be your friend today and an enemy tomorrow.” Ifrahim Iftikhar expressed a similar sentiment. “We found that good news such as strong company performance did not necessarily translate into a stock price increase. There were other factors at play. It was an eye-opener.”

Ryan Macalalad says, “The mentorship of faculty members, Dr. Florian Muenkel and Dr. Rahman Khokhar, extended far beyond the four walls of the classroom, inspiring us to explore our potentials as traders, face challenges and strive for excellence. Their encouragement and advice throughout the trading challenge was instrumental in the team’s success."

8,400 students across 38 countries competed in the 2023 Bloomberg Global Trading Challenge, testing their skills in investing $1 million virtual USD. The global event is supported by the research and analytics team at Bloomberg for Education.

The Bloomberg Global Trading Challenge tests students annually on generating the highest relative profit and loss return (P&L) via Bloomberg Terminals. Each team is accompanied by a faculty advisor.

Saint Mary's partners with KW Legacy to promote Sobey National Innovator Scholarships

Students in the Sobeys Inspiration Hub

Saint Mary's University and KW Legacy are pleased to announce a unique enterprise to promote an exceptional scholarship opportunity. Under this partnership, KW Legacy will publicize the Sobey National Innovator Scholarships to students in the Waterloo region who want to pursue their post-secondary education at the Sobey School of Business in Halifax, Nova Scotia.  

“We believe that by working together, we can make a true difference in the lives of those in our region and support students in their post-secondary dreams. We are proud to partner with Saint Mary's University and support the unique opportunities they provide for so many students. Adding more students from the KW region to the Atlantic Canada mix is a great opportunity to learn, share, and grow between provinces and regions,” says Peter Kalbfleisch, KW Legacy. “Thank you to Saint Mary's and the Sobey School of Business for helping us support students in our region, helping develop our future leaders and making a significant impact in the lives of our youth and community.”  

“We appreciate and are grateful for the support of KW Legacy and the Sobey National Innovator Scholarships to provide a student within the Waterloo Region with a scholarship to Saint Mary’s University,” said Jeewan Chanicka, Director of Education for the Waterloo Region District School Board (WRDSB). “This financial support represents the type of partnership that can provide opportunities for students to continue their academic journey and provide more equitable access to a university education as they work towards achieving their full potential in learning and in life.” 

“These scholarships represent a significant opportunity for personal and professional growth for the recipients, embodying the transformative power of education. We are deeply grateful for the generosity of Saint Mary’s University, KW Legacy, and Sobeys, which reflects our commitment to nurturing young minds. This scholarship will make a profound difference in the lives of its recipients, and we are honored to be part of this exciting announcement,” said Lema Salaymeh, Senior Manager of Communications, Waterloo Catholic District School Board. 

The Sobey National Innovator Scholarships are exclusive to Saint Mary’s University and the Sobey School of Business. There are ten renewable entrance awards valued at $50,000 over four years awarded annually. These scholarships are presented to ten exceptional Canadian students each year in recognition of their accomplishments and as encouragement and support for their success in the Sobey School of Business. The initial scholarship in academic year one is $20,000. The renewal value in academic years two–four is $10,000 per year. The total value of each scholarship over four years is $50,000.  

The Sobey National Innovator Scholarship recipients also become members of the Sobey Scholars Network, a special cohort that includes all current and past students, alumni, Chair holders, named Professors and Post-Doctoral Fellows who have been the recipients of philanthropic financial support from the Sobey Family, The Sobey Foundation, Sobeys Inc., and Empire Company Limited.   

“The Bachelor of Commerce program at the Sobey School of Business is one of Canada’s most respected programs at one of Canada's top three undergraduate universities," says Mark Raymond, Interim Dean of the Sobey School of Business. "We teach our Bachelor of Commerce students more than how a good business runs. We show them how to run a business for good—for the long-term and for a better, more sustainable, more responsible world. We equip our students with the knowledge and insights to lead with purpose, and they graduate prepared to make a positive impact on business, organizations and on society."  

Meet your Valedictorians for Winter 2024

Three valedictorians, selected for their leadership, campus involvement and academic success, will address their fellow graduates at the Winter Convocation ceremonies taking place on January 26 and 27, 2024. These students are the recipients of a John and Heather Fitzpatrick Valedictorian Award.

Learn more about the Winter 2024 valedictorians, and watch the ceremonies live at smu.ca/graduation.

Sheldon Bhawanie, Master of Technology Entrepreneurship and Innovation

Sheldon Bhawanie, Valedictorian for the Faculty of Graduate Studies and Research

Sheldon Bhawanie left his home in Trinidad and Tobago and arrived at Saint Mary’s after searching for the best business school in Atlantic Canada. Needless to say, the Sobey School of Business came out on top and Sheldon has never regretted his choice. His degree, a Master of Technology Entrepreneurship and Innovation, has given him the foundation for a successful career and so much more.

Sheldon is currently employed at the Sobey School of Business as a Professional Development Project Manager in Graduate Career Services and volunteers as a soccer coach at the Halifax City Soccer Club. Working with students, helping them navigate their education journeys and enriching their lives has become a calling. “We are here not only to exist but also to make life better for others.”

Q&A with Sheldon

Why did you choose Saint Mary’s University?

I had attended St. Mary’s College in Port of Spain and had dedicated a significant part of my life to volunteering there. When I was looking for a good business school to attend in the Maritimes, it was no coincidence that SMU came up—I was sold! From one St. Mary’s to the next.

Tell us how you got involved in the SMU Community

I volunteer as a mentor for the Innovation Sprint events hosted at the Arthur L. Irving Entrepreneurship Centre. I think the clarity with which I see problems can help others solve problems.

Looking back, what was your favourite Saint Mary’s memory?

I remember coming to SMU for the first time in August 2022 and just standing in the Atrium thinking that I did well to get into my program and that I had to make my mark here. I couldn’t believe I was going to be part of the tapestry of this university. That moment is etched in my memory forever.

How has the MTEI helped shape your success in Halifax?

I have made so many connections here, not only as a student but networking with other professionals in Halifax! I learned that networking is key to setting up your landing after graduation. Everyone knows someone and therefore, good connections position you for a fulfilling life.

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Funmilayo Chioma Adegoke, Bachelor of Commerce

Funmilayo Adegoke, Valedictorian for the Sobey School of Business

Funmilayo Chioma Adegoke, from Lagos, Nigeria, earned a Bachelor of Commerce with a double major in Accounting and Computing and Information Systems. Her keen interest in the intersection of technology and finance motivated her to pursue these fields, and she is enthusiastic about exploring how technology can transform the accounting world.

Q&A with Funmilayo

Why did you choose Saint Mary's University?

I chose Saint Mary’s because of the Sobeys School of Business and its esteemed reputation as one of the top business schools in Canada.

What was your experience coming to Halifax as an International student?

Transitioning to life away from my family was a new experience, but SMU made it smoother than I expected. The assistance I received encouraged me to get involved and support other students as they transition into the SMU community. I worked with the International Centre and Residence Programming Team to help organize holiday-themed events, offering students on campus during the Christmas break a 'home-away-from-home' experience.

What other ways did you get involved with campus life?

I had many opportunities to get involved on campus, including as a member of the Commerce Society and African Society. I volunteered with the SMU Community Food Room and as a Cultural Assistant for the Language Centre, which paved the way for a rewarding job opportunity.

My first job on campus was with the Patrick Power Library, where I gained invaluable experience. In my second year (during the pandemic), I served as a Resident Assistant, supporting students facing unprecedented challenges and was honoured with a Flexible Leadership Award for my contributions during that time.

Which instructor had the most significant impact on you?

I've been lucky to encounter a few exceptional professors during my academic journey. Professor Charles Baxter sparked my interest in accounting, while Professor Vasiliki Athanasakou helped me gain a new perspective on the subject. Both have been invaluable mentors to me.

What are your goals for the future? How did Saint Mary's help set you on this path?

I am working towards my CPA and have found the CPA prerequisite courses offered by Saint Mary’s to be very helpful in achieving my goal. The resources provided by SMU have enabled me to explore my diverse interests and pursue a second major in Computing and Information Systems.

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Celina C.J. Rolle, Bachelor of Arts

Celina Rolle, Valedictorian for the Faculty of Arts

Press on and persevere. This is the message Celina Rolle wants to emphasize in her valedictory words of wisdom to fellow graduates. “Though we stand on top of this hill, many more are waiting to be conquered,” Celina says in her address, which opens and closes with inspiring passages from the Matthias Barr poem “Persevere”.

Celina works as a foreign service officer with the Ministry of Foreign Affairs in The Bahamas. She came to Halifax from Nassau to pursue a Bachelor of Arts with a major in Global Development Studies, building on her previous studies in law and criminal justice at the University of The Bahamas.

Q&A with Celina

Why did you choose Saint Mary’s? After researching different universities, I found that Saint Mary’s stood out the most to me. Its commitment to ensuring that everyone feels welcome resonated with my values. It was also a plus to know several people who have either attended or are currently enrolled at SMU.

What was your favourite course? The Mind-Body Problem (PHIL 2328). After taking this class, I’m still grappling with the question of whether the mind is contained within the brain. It pushed me to think creatively and consider alternative possibilities.

Which instructor had the biggest impact on you? Jean-Blaise Samou, my instructor for Africa: Contemporary Development Issues (GDST 4462). The main responsibility of professors is to encourage students to think critically. However, he went beyond that by motivating us to explore the backgrounds of the authors whose readings we were required to study. This helped us understand how their personal experiences influenced their writing. I have since applied this approach to all my classes and even in my personal life, resulting in a significant impact on my way of thinking.

What will you miss most about Saint Mary’s? I am going to miss every one of my friends dearly. From the moments of pure joy and laughter that we shared to the deep conversations we had, I’m grateful for the time we spent together. I will always cherish those memories.

How has your experience at Saint Mary’s helped shape your future goals? Through interacting with a diverse range of people from different walks of life, I have learned how to communicate effectively, collaborate with others, and appreciate different perspectives. SMU's curriculum is designed to instil a strong work ethic. The rigorous coursework and deadlines taught me to manage my time wisely and work efficiently under pressure. These skills have been very useful in my career, where I am required to handle multiple tasks and meet tight deadlines. Next, I would like to obtain my master’s degree.

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Winter Convocation takes place on January 26 and 27, 2024. Watch the ceremonies live at smu.ca/graduation or on our Facebook page.

Sobey School globally recognized for supporting UN initiative

The Sobey School of Business has been named PRME Champions for 2024-2025. This is the third time the school has been reaffirmed as one of the world’s leading business schools, supporting the United Nations initiative - Principles for Responsible Management Education (PRME). 

“Once again, we are proud to be recognized as PRME Champions,” says Interim Dean, Mark Raymond. “The recognition places the Sobey School in a select group of business schools across the globe who are committed to sustainability and to educating the business leaders of tomorrow to make a positive impact on the world.”

As PRME Champions, the Sobey School is integrating the UN’s Sustainable Development Goals (SDGs) across curriculum, research, and partnerships. Currently, the school’s research agenda is aligned to support the SDGs as faculty generate insights on issues such as corporate social responsibility, poverty-climate change nexus, social entrepreneurship, and the role of gender in venture capital funding. The research intensity associated with the SDGs is a strong point of distinction for the school. Nearly 50% of the faculty have contributed to the portfolio of research aligned with the SDGs with 65% of all research-active faculty engaged in SDG-related research.

The school has also adapted its curriculum to meet PRME objectives and in response to student demand. Professor Miguel Morales notes, “Over the past three years, we have strategically adapted the Bachelor of Commerce curriculum to embed sustainability as a core component. The renewed Program Learning Outcomes place a strong emphasis on sustainability, and in Winter 2024, we are introducing two dedicated sustainability courses. These core courses serve as pillars for developing a deep-rooted awareness of sustainable business practices early in students' academic journeys.” As a result, Sobey School students graduate with a distinct advantage; they are prepared for the new world of business, one that requires responsible leaders to rise to global challenges in new, integrated ways.

For the 2024-2025 PRME programme cycle, the Sobey School has committed to the refreshed Seven PRME Principles and, in keeping with the new principle on Practice to “adopt responsible and accountable management principles in our own governance and operations”, is championing the university’s completion of the Sustainability Tracking, Assessment & Rating System (STARS) of the Association for the Advancement of Sustainability in Higher Education (AASHE).

Sobey is one of only four business schools from Canada to be considered a Champion of PRME. There are 46 other business schools from around the world to be named Champion. The Sobey School is the oldest and the most accredited business school in Atlantic Canada offering the largest portfolio of disciplines and programs graduate programs east of Quebec.  

Student launches Black haircare and beauty supply vending machine on campus

Queen-Esther Okundonor

Students, friends and staff celebrating together

Group photo with everyone who was at the launch event including Dr. Summerby-Murray, Professor Rohini Bannerjee and staff from the Arthur L. Irving Entrepreneurship Centre

Event attendees looking at the new vending machine

Queen-Esther with the QTress Beauty Supplies vending machine on campus

Queen-Esther Okundonor, a fourth-year Marketing and Finance student from Nigeria, has a passion for helping people. This passion led her to launch her new business, QTress Beauty Supplies, a vending machine located in the Loyola Academic Building on campus. QTress Beauty Supplies aims to provide convenient and easy access to hair and beauty care products for the diverse student body at Saint Mary’s University and Halifax at large. 

Before opening in October, Queen-Esther had spent three years thinking about starting her own beauty supply business after learning about other vending businesses. At first, she was hesitant to make business plans while balancing her schoolwork and tuition payments, but she decided to give it a try.

Although Queen-Esther faced some ups and downs throughout the journey of planning and envisioning her business idea, she did not give up on her project. Instead, she worked harder. She learned to pivot when things did not work out. To Queen-Esther, the whole process was worth it because she was able to meet many supporters and gain a community.

This fall, friends, students, staff and faculty, including Saint Mary’s President Robert Summerby-Murray, gathered at the Arthur L. Irving Entrepreneurship Centre and celebrated the launch of QTress Beauty Supplies. The new vending machine, which carries a variety of beauty and hair care products for different hair and skin types, is located on the first floor of the Loyola Academic Building.

The story of Queen-Esther’s entrepreneurship journey inspired many students, igniting a spark of motivation and encouraging them to chase their own dreams. “When you look your best, you feel your best, and this should not be only a luxury,” says Queen-Esther.

Watch a CTV News story about Queen-Esther Okundonor and QTress Beauty Supplies: Easy access to Black beauty supplies | CTV News

Alumnus brings local holiday tradition to life through 3D printing

Woody the Talking Christmas Tree (Paul Hollingsworth/CTV Atlantic)

It's that time of year again when the mall fills with holiday shoppers, dazzling lights and a magical talking tree from the North Pole. Woody, the talking Christmas tree, returned to the Mic Mac Mall in Dartmouth in 2021, after a 15-year hibernation. Woody has a fresh new look, and it's not just because he's been getting plenty of beauty sleep.

Mohammed Issa BComm’16

Mohammed Issa BComm'16, the founder of Eureka Technologies Inc., has restored life to Woody's face through 3D printing. Woody also owes his magical abilities to Eureka Technologies Inc., who designed and built all the mechanical elements that bring Woody to life.

Although Rome was not built in a day, Woody was constructed in just two weeks. The mall had initially contacted Eureka Technologies Inc. in March of 2021 to inquire if they could take on the Woody project but then decided to move forward at the end of October.

"Woody arrives at the mall the day before Remembrance Day and wakes up the day after (November 12). So, we only had two weeks to construct and assemble Woody," says Mohammed.

No stranger to challenges, he was confident that his team would deliver.

Mohammed was a mature student studying for a Bachelor of Commerce degree at Saint Mary's. With three small children at the time, he enrolled in the business program to gain the knowledge required to start a completely different business venture he had in mind.

"I purchased my first 3D printer intending to create a prototype for my new business idea. However, I realized I could also generate extra income by providing 3D printing services using Kijiji." This led to the birth of Eureka Technologies Inc. in 2015. As a full-time student, Mohammed utilized his entrepreneurial spirit to support his family with his printer, which ultimately led to the success of his business today.

Today, Mohammed is passionate about growing the entrepreneur in others, and he does so by collaborating with the Arthur L. Irving Entrepreneurship Centre. Together, they offer a robotics class where Eureka Technologies Inc. provides each student with 3D-printed robot kits. The students get to build and program their robots in this class.

"Learning entrepreneurship through this class is expanding the mindset of our students from diverse backgrounds across different faculties," says Mohammed.

Mohammed's dedication to Saint Mary's students and his entrepreneurial mindset is evident through his active participation in the Arthur L. Irving Entrepreneurship Centre. The Saint Mary's University Alumni Association has recognized his exceptional work with Eureka Technologies Inc. and his unwavering support for young entrepreneurs by awarding him the Alumni Entrepreneur of the Year for 2023.

"I plan to continue giving back to the community and supporting students the way that I was helped as a student," said Mohammed, expressing his gratitude for the recognition of his efforts.

To learn more about Eureka Technologies Inc., visit www.eurekatec.ca/about.

Check out Woody's Twitter account to join in on the magic!

Rise to the Climate Challenge: Accounting for the Future of Agribusiness

Panel members left to right: Diana Fox Carney, Stephenie Fox, Jean-Benoit Deslauriers, Charles Cho, John MacQuarries and moderator Nancy Foran.

Student from the audience asking the panel a question during Q&A

Audience view of stage during opening remarks 

Panelists Stephenie Fox, Jean-Benoit Deslauriers and Charles Cho during panel discussion

Nancy Foran, panel moderator, ESG Partners and Chair of the Sobey School Advisory Board

Diana Fox Carney,  a global expert in climate and energy policy speaks to audience

Group photo left to right: Diana Fox Carney, Stephenie Fox, Jean-Benoit Deslauriers, Charles Cho, John MacQuarries, Nancy Foran, Adrianna Timmons and Dr. Margaret McKee 

Group photo from Sustainability Case Competition

Group photo of Sustainability Case Competition Winners 

Students presenting during Sustainability Case Competition

The Sobey School of Business recently held its fifth annual Responsible Leadership Day on November 17, 2023, attracting over 120 attendees, including students, faculty, alumni, researchers, industry experts, and government partners. The event centered around the theme "Accounting and Sustainable Business," sparking in-depth discussions on food security and the pursuit of a more sustainable future through the new international sustainability reporting standards. 

Renowned climate and energy policy expert, Diana Fox Carney, set the tone with a stark assessment of climate challenges in agribusiness. "This year marks the hottest on record, and it's only set to get hotter," she emphasized. Highlighting the vast implications, she stressed, "Extreme heat affects farm workers, floods and storms disrupt supply chains—there's much cause for concern." 

Fox Carney pivoted the conversation to address agriculture's significant impact on the climate. "Despite incredible yield increases, agriculture's sustainability is wavering," she cautioned. "Currently, agriculture monopolizes over 70% of the world's water, a concerning statistic." 

Following the keynote, an expert panel -- moderated by Nancy Foran from ESG Partners and Sobey School Advisory Board Chair -- explored actionable solutions for climate concerns in agriculture. Panelists, including Charles Cho from York University’s Schulich Business School, Jean-Benoit Deslauriers from Benjamin Bridge winery, John MacQuarrie from Cavendish Farms, and Stephenie Fox from CPA Canada, emphasized the direct effects of climate change on Canadian business. The discussion also touched upon redefining sustainability in business, stimulating an engaging dialogue with the audience. 

As the conference concluded, the discussions revealed a collective call for innovation in transforming agriculture. There was an emphasis on the need for companies in the agribusiness sector to devise transition plans to get to Net Zero, support product carbon footprint labeling, and avoid overreliance on regenerative agriculture without a comprehensive understanding of its harms and benefits. As Fox Carney suggests, “If we are going to overcome the challenges inherent in transforming agriculture – producing more nutritious food with far fewer emissions, at a reasonable cost while also protecting water supplies, nature, nutritional content, etc. – we can’t rely on existing technologies and practices alone; we are definitely going to need innovation.” The collective sentiment highlighted the urgency and importance of collaborative efforts toward sustainable practices in the agribusiness industry. 

 The 2023 Responsible Leadership Day continued with the Sustainability Case Competition, presented in partnership with the CPA Nova Scotia Education Foundation, with $2,500 in prizes. A team of SMU BComm students: Katherine Hanscom, Mark Mitton, Pasang Sherpa, and Douglas Vincent placed first out of the eight teams.  

About Responsible Leadership Day   

Responsible Leadership Day is a flagship event for the Sobey School of Business. It brings together students and researchers with industry and government partners. It highlights the school’s commitment as signatories of PRME, a UN initiative that promotes Principles for Responsible Management Education. The Sobey School of Business is committed to upholding sustainability, as demonstrated by its research, student projects and course content.

Women in Business event highlights networking and sustainability

Chantal Brine BA’09 discusses the importance of forming meaningful connections through strategic networking techniques and how it can empower your future.

Co-Chairs of the Women in Business Committee and hosts of the “Sobey School of Business - Elevating Women in Business: Blazing Trails”, Manar Salem and Meredith Drost, welcoming our panelists and speakers.

(Left to Right) Moderator AVP, Diversity Excellence, Rohini Bannerjee and panelists Marley MacDonald MA’14, Rebecca de Condé BComm’15, Sara Shabnam BComm’15, and Dr. Denise Daley discussing their personal experiences with environmental sustainability and its positive impact.

Committee and Volunteers: (Left to Right) Luke McOnie, Tiffany Delaney, Rhonda Harrington, Mohosina Afrin Chowdhury, Nimrah Mujeeb, Manar Salem, Meredith Drost, Hallie Wedge, Stephanie Letemplier, Shrilakshmi Subramanian, Tabassum Fatima, Areej Zara.

Dr. Mark Raymond, Interim Dean of the Sobey School of Business opening remarks for the Elevating Women in Business: Blazing Trails event. 

Attendees practicing the networking skills that keynote Chantal Brine BA’09 presented on.

Dr Robert Summerby-Murray President at Saint Mary’s delivering the closing remarks.

On October 17, the Sobey School of Business celebrated women in business, with the Elevating Women in Business: Blazing Trails event. Now in its 5th year, the annual event shines a light on women business leaders and this year, brought a special focus on how to create a more sustainable world.

Keynote speaker Chantal Brine BA’09, who is the CEO and Founder of EnPoint, spoke to a crowd of more than 80 attendees about the importance of mentorship and strategic networking techniques. Another highlight was a panel discussion with Dr. Denise Daley, Executive Director of the Parker Street Food and Furniture Bank; Sara Shabnam BComm’15, Founder & CEO of Better Day Vintage; Rebecca de Condé BComm’15, Owner of Effex Curated Vintage; and Marley MacDonald MA’14, Director of Responsibility and Sustainability at the NSLC, who came together to discuss sustainability among their respective professions.

During this event, Dr. Rohini Bannerjee, AVP Diversity Excellence, moderated the discussion which explored how these accomplished professionals seamlessly integrated sustainability into their careers and discovered the art of building meaningful connections through networking.

This thought-provoking and inspirational gathering not only fostered a sense of unity within the Saint Mary’s community but also set a precedent, illuminating the path toward a brighter and more sustainable future.

Innovative retail store will revolutionize how we shop

Saint Mary’s University, recognized as a top Canadian university, is teaming up with some of Canada’s most influential retail companies to create one of the foremost retail laboratories on the continent. It’s all part of the ground-breaking research at SMU’s David Sobey Centre for Innovation in Retailing and Services.

Visitors will soon become part of a living experiment designed to transform the future of shopping and reshape the retail landscape. Students and visitors to the south end of campus will walk into a deceptively simple convenience store that is actually a cutting-edge laboratory.

The retail robot is programmed to glide through stores tracking price tags, missing items and other information, which it relays to employees.

Inside, a retail robot glides through the aisles, logging items that have run low and sending messages to the stockroom. The robot is designed for large stores where it tracks inventory on shelves and assesses planogram and price compliance, explains Ramesh Venkat, Director of the David Sobey Centre. “The robot, equipped with cameras, matches price tags to the computerized lists, checks price tags for compliance for the latest discounts, spots misplaced or missing items, generates a report and sends a real-time alert to an employee.”

And if a shopper wants to take an item home? No need to look for a cashier; there isn’t one. Instead, when you exit the store your credit or debit card is charged automatically. But wait, maybe you want to try on something before purchasing? Step in front of 3D digital screen to model clothing using virtual fitting technology.

SMU researchers are building a futuristic “frictionless customer experience” without inconveniences such as line-ups and check-outs, where customer privacy and protection of information are priorities. “We don't collect any video footage or store any credit card or debit card information. We will provide best-in-class privacy and security, which will set us apart from companies that are doing computer vision in retail environments,” adds Venkat.

The David Sobey Centre for Innovation in Retailing and Services brings together university researchers and Canadian retailers to test new technologies such as artificial intelligence, augmented reality, and robotics. Vivek Sood MBA’98, Executive Vice President, Related Businesses, Empire Company Limited and Sobeys Inc., and Chair of the David Sobey Centre notes, “The retail sector is one of the main drivers of Canada’s economy and an incredibly exciting place of major innovation right now. Each time I visit campus I am eager to see the advances being made by the professors and their top research students.”

Students gain hands-on experience building tech solutions for retail

The retail store and its related labs offer SMU students unparalleled opportunities for hands-on learning and collaboration. Saint Mary’s University professors and students are building leading-edge tech from scratch: computer vision systems, augmented reality and robots.

The digital lab and mock store will allow researchers to track shoppers as they interact with digital platforms, including websites and advertisements. In the biometrics lab, graduate students will use advanced tools such as EEG (Electroencephalography), eye-tracker glasses and GSR (Galvanic Skin Response) sensors to understand customer behaviour and decision-making. Faculty and student researchers from several disciplines–marketing, psychology, information systems, engineering, and computer science all benefit.

Jason Rhinelander

Engineering Professor Jason Rhinelander, Head of Technology and Innovation for the David Sobey Centre, understands that the David Sobey Centre presents him and SMU students with a huge opportunity. “Retail has so many challenges and that is key for engineers and computer scientists. We don’t invent algorithms for the sake of it. We need problems to solve.”

“We can benefit small and medium-sized Atlantic Canadian companies recovering from the pandemic and battling stressors like inflation. By placing their products in our store which acts as a ‘living lab,’ we can provide data about how customers feel about their packaging, service and overall quality. We can also test the retail environment for accessibility: lighting levels, noise levels, and colour schemes.”

Watch: Jason Rhinelander loves solving problems with technology

Vinod Bachhao

Vinod Bachhao came to SMU as a Master’s student in 2015, graduated to PhD studies and is now the university’s first AI engineer. “I could have gone to Toronto, but I love Halifax and the environment here. I grabbed the opportunity to work on the SMU robot and state-of-the-art AI and computer vision. There is nothing better than this.”

The labs, mock store and the cashier-less store all provide the infrastructure for exploring new ideas and innovations that can shape the future of Canadian retail. “The purpose of the David Sobey Centre is to develop and share innovations, expertise and skills that help build a vibrant retail sector–domestically and globally. This new infrastructure and the collaboration between researchers, retailers and technology companies vitally enable us to achieve that vision. It's really exciting,” says Venkat.

ICCM celebrates 20 years of co-operative management education and research excellence

Graduates of the 2023 MMCCU class

This year marks 20 years since the launch of the International Centre for Co-operative Management’s (ICCM) flagship Master of Management, Co-operatives and Credit Unions program. Today, ICCM has grown to offer a suite of online, part-time graduate programs, short courses, a credit union leadership program, international co-op study tours and special topics webinars.

Since their creation, ICCM’s education programs have engaged more than 1,100 co-operative professionals in over 360 organizations from 41 nations. Additionally, ICCM is acknowledged as a global leader in co-operative research, which has culminated in symposia, books, journal articles and reports.

Read the 2023 ICCM Impact Report

On September 21 and 22, 2023, more than seventy founders, faculty, staff, students, alumni, partners and friends gathered at Saint Mary’s University to mark ICCM’s 20-year anniversary. This event focused on learning, networking, visioning and celebrating and featured:

• A day of storytelling, reflexivity, visioning and knowledge-sharing;

• Local co-operative tours with Glitter Bean Café Co-operative, Bus Stop Theatre Co-operative, Healthy Minds Cooperative and Halifax Circus Co-operative;

• A harbour boat tour and networking social;

• Convocation ceremony for the 2023 class followed by an evening of revelry.

“During my time with ICCM, I can see the impact of our work within the co-operative sector,” says Karen Miner, ICCM Managing Director and Adjunct Professor. “We have built a global network of partners, been meaningfully involved in key areas of research, and provided a wide spectrum of education opportunities for working professionals. We continue to innovate and adapt to meet the needs of co-operative enterprises of all sizes, types, sectors, and locations. Marking 20 years is a significant achievement.”

ICCM exists to elevate the global co-operative sector through education and research that is by, for and about co-operatives.

Saint Mary's University shines at Atlantic Schools of Business Case Competition

Ashish Ganapathy, Lauren Golding, Professor Jeff Muton, Ramji Srinivasan, Shiva Kakkar

Team 1: Lindsey Nalunga, Katherine Hanscom, Mark Mitton

Team 2: Ashish Ganapathy, Lauren Golding, Ramji Srinivasan, Shiva Kakkar

On September 24, Sobey School of Business Bachelor of Commerce students Lauren Golding, Shiva Kakkar, Ramji Srinivasan and Ashish Ganapathy walked away with a second-place win at the Atlantic Schools of Business (ASB) Case Competition sponsored by Grant Thornton LLP (Canada), hosted by Mount Saint Vincent University. The competition was part of the annual ASB Conference—one of Canada’s longest-running academic business conferences. 

“I had a wonderful, enriching and insightful experience at the ASB Case Competition,” said Ganapathy, a third-year BComm student majoring in Accounting and Finance. “I prepared forecasts using financial analysis techniques and improved my public speaking and financial analysis skills.” 

Teams representing universities across the Atlantic provinces participated in a competition where students were asked to analyze and create a solution to a business case (a narrative about a real-life company and the problems it’s facing) and present it to a judging panel. This year’s business case was centered around a Newfoundland-based Childcare Cooperative in need of expansion to meet the overwhelming demand for such services.

“It was a proud moment for our team. Our case was based on real challenges faced by Atlantic Canadians—immigration and population growth. We were tested on an array of skills like critical thinking, quantitative and analytical skills.” said Shiva Kakkar, a second-year BComm student majoring in Finance. “Jeff Muton, professor for the BCOM 4481 Business Case Competition course, provided excellent mentoring throughout our preparation for the competition. The learning experience was exceptionally valuable, as we acquired a solid framework for effectively tackling business cases.”

The Bachelor of Commerce Business Case Competition course takes students from classroom learning to real-world challenges. Students get to test their abilities to think on their feet and compete against other students, in consultation with industry leaders. 

At the Sobey School of Business, students will not only learn how to do business well, they’ll learn how to do business for good. 

Remembering Dr. David Sobey, C.M., DComm'91, Chancellor Emeritus

Dr. David Sobey, CM, DComm’91, Chancellor Emeritus
1931-2023

The Saint Mary’s University community mourns the passing of Dr. David Sobey, C.M., DComm’91, Chancellor Emeritus of Saint Mary’s University. We join with his family, friends and colleagues in sharing their grief and honouring the life of this steadfast Nova Scotian and exemplary Canadian.

David has left an indelible mark on the lives of students, faculty and staff at Saint Mary's University. His unwavering generosity and guidance over the years have transformed the university and the Sobey School of Business. His legacy will continue to shine through the countless students he has empowered to pursue their dreams and through the David Sobey Centre for Innovation in Retailing and Services established through David’s generosity and vision.          

David Sobey had a long and warm association with the university and in particular with the Sobey School of Business named in honour of his father, Frank H. Sobey. David received an Honorary Doctorate of Commerce in 1991 and cut the ribbon for the new Sobey Building in 1998.  Along with his wife, Faye, he was a strong supporter of Saint Mary’s for more than three decades, beginning in 1986 with his service on the Board of Governors. From 1991 to 1998, he chaired the Building on Strength Capital Campaign, helping to raise $24 million. When the Sobey School of Business Advisory Committee met for the first time in 2002, David was a member. From 2008 to 2010, he served as Saint Mary’s first lay chancellor, conferring degrees to thousands of students at convocation.

In 2019, David announced the $18 million gift from the Sobey family, The Sobey Foundation, Sobeys Inc. and Empire Company Limited. As part of that gift, the Sobeys Inspiration Hub is opening this fall, another stellar tribute to the legacy of David Sobey, the Sobey family, The Sobey Foundation, Sobeys Inc. and Empire Company Limited.

“We are very saddened to hear the news of David’s passing,” said President and Vice-Chancellor Dr. Robert Summerby-Murray. “We are honoured to count David Sobey as a friend and guide over many years. He visited campus not only for important events and meetings but often came to watch the progress of the latest building project or meet with faculty, staff and students and hear about their achievements. I will miss his presence and thoughtful leadership that have touched the lives of so many.”

We invite the campus community to sign a book of condolences that will be in the lobby of the Sobey School of Business.

David with members of the Sobey family

A Saint Mary’s Times article from 1992

Dr. Sobey at Convocation in 2010

David Sobey and honorary degree recipient Bob Kelly

David Sobey at convocation

L-R: David Sobey, Rob Dexter, Fred Smithers, Paul Sobey

David Sobey with Myra and Larry Freeman

David Sobey announcing the $18 million Sobey gift in 2019