Research into the effects of low interest rates on Canadian loan markets receives grant

Dr. Mohammad Rahaman, Canada Research Chair in International Finance & Competitiveness and a professor with the Sobey School of Business

Dr. Mohammad Rahaman, Canada Research Chair in International Finance & Competitiveness and a professor with the Sobey School of Business

The work of a Saint Mary’s University researcher into the effects of low interest rates on the syndicated loan market in North American has received a boost.

Mohammad Rahaman, Canada Research Chair in International Finance & Competitiveness and a professor with the Sobey School of Business, is receiving a $40,000 research grant from the Canadian Securities Institute Research Foundation.

Rahaman’s research focuses primarily on understanding how access to intermediated capital such as bank loans can be a source of power and efficiency for industrial firms in a competitive global market place. He is currently investigating the effects of the unprecedented and prolonged low interest rates by central banks following the global financial crisis.

His research also touches on how financing through syndicated loans influences investment, innovation, and internationalization among North American industrial firms. A syndicated loan is a loan provided by a group of lenders and set up and administered by one or more commercial or investment banks.

“This is one of the most coveted research grant awarded by industry practitioners in Finance in Canada, and I am honoured to be its recipient,” said Rahaman. “No other finance faculty member in the Maritimes has received this grant, which speaks to a recognition of the importance that the Sobey School of Business has in our region and the quality of research underway at the school.”

The Canadian Securities Institute Research Foundation encourages and supports grounded research on the Canadian Capital Markets.

“The Canadian Securities Research Foundation is actively supporting research into interest rate risk, especially the drivers and impact of the current low interest rate environment,” said Heather-Anne Irwin, Executive Director of the Foundation. “We are thrilled to be supporting Professor Rahaman in his work, as we strive to bridge the gap between theory and practice.”

Entrepreneurship for everyone: SMUEC annual report released

The Saint Mary’s University Entrepreneurship Centre (SMUEC) released it’s 2018-19 annual report, aptly named Entrepreneurship for Everyone.

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Since re-launching last year under a new name, SMUEC has been working toward its mandate of intergrating and supporting entrepreneurship across all faculties within the university.

The report covers the impressive array of entrepreneurial programming undertaken over the past year, all with a focus to ignite entrepreneurial mindsets and help student entrepreneurs and local businesses thrive.

Some highlights:

  • The new ENbassadors Program saw a team of 13 students working across faculties to encourage student involvement in entrepreneurial activities, reaching 3198 students!.

  • The Runway kiosk allowed selected entrepreneurs to showcase products, conduct market research and engage with consumers at the Halifax Stanfield International Airport

  • The New Product Competition awarded $10,000 in prize money to student teams who developed products to solve a specific retail pain point and presents an opportunity for commercialization.

See an interactive version of the report online: https://en.calameo.com/read/005904302a31615ca1823

Celebrating community building and philanthropy: Saint Mary’s newest honorary degree recipients

(Left to Right) Al MacPhee, Her Excellency Lady Sandra Williams BA’86, Padraig O’Malley, and Senator Dan Christmas.

(Left to Right) Al MacPhee, Her Excellency Lady Sandra Williams BA’86, Padraig O’Malley, and Senator Dan Christmas.

Community building and philanthropy are being celebrated by Saint Mary’s University this May, as the university recognizes the achievements of four new honorary degree recipients.   

The university is pleased to recognize the extraordinary achievements of:

  • Senator Dan Christmas, a Mi’kmaw leader and Independent Senator for Nova Scotia. Mr. Christmas has served in numerous leadership positions in the Mi’kmaw Nation of Nova Scotia. His work has ranged across a variety of fields including aboriginal and treaty rights, justice, policing, education, health care, human rights, adult training, business development and the environment. 

  • Padraig O’Malley, an award-winning author and peacemaker. Mr. O’Malley is an expert on democratic transitions and divided societies, with special expertise on Northern Ireland, South Africa, Iraq, Israel and Palestine. He has earned a global reputation for breaking deadlocks by bringing together parties in intractable conflicts and opening the way to dialogue.

  • Her Excellency Lady Sandra Williams BA’86, a charity founder and philanthropist. A Saint Mary’s alumna, Lady Williams is currently the president of the Antigua and Barbuda China Friendship Association. She is also the president and founder of The Halo Foundation, an umbrella charity established in December 2014 that addresses the needs of 32 charities under the patronage of the Governor General of Antigua and Barbuda.

  • Al MacPhee, an auto industry mogul and philanthropist. Mr. MacPhee has been in the auto industry for decades and was recently recognized by Ford Motor Company for his tremendous efforts and contributions to his community. He and his wife Mary are very involved with the MacPhee Centre for Creative Learning,  a not-for-profit charitable organization whose vision is to provide an alternative education model for youth in marginalized and disadvantaged circumstances.

“Saint Mary’s is known for academic excellence in arts, business and science and for our commitment to community engagement which serves as a foundation for all that we do,” said Saint Mary’s President and Vice-Chancellor Dr. Robert Summerby-Murray. “We are proud to recognize the accomplishments of four exemplary people who share our Santamarian values, and grant them the highest honour that we can bestow, an honorary degree.”

The honorary degree recipients will receive their degrees later this May at Spring Convocation 2019, which runs from May 15 to May 17.

Honorary Degree: Senator Dan Christmas

Senator Dan Christmas

Senator Dan Christmas

Senator Dan Christmas has served in various leadership positions in the Mi’kmaw Nation of Nova Scotia. After serving five years as the Band Manager for the Community of Membertou, Senator Christmas worked for the Union of Nova Scotia Indians for 15 years—the last ten as its Director.   He was actively involved in the recognition and implementation of Mi’kmaw aboriginal and treaty rights in Nova Scotia. 

From 1997 to 2016, Senator Christmas held the position as Senior Advisor with Membertou and had assisted the Chief and Council and its Management Team with the day-to-day operations of the Community of Membertou.   Senator Christmas also served as elected councilor for Membertou for 18 years.  

Senator Christmas has been active in a number of international, national, provincial and local agencies in a wide range of fields including aboriginal & treaty rights, justice, policing, education, health care, human rights, adult training, business development and the environment.   

In 2005, Senator Christmas was awarded an honorary Doctor of Laws degree from Dalhousie University and an honorary diploma from the Nova Scotia Community College in 2016.  In 2008, he was the recipient of the National Excellence in Aboriginal Leadership Award from the Aboriginal Financial Officers Association of Canada. 

In December 2016, Senator Christmas was sworn in as an Independent Senator for Nova Scotia.  Senator Christmas is the first Mi’kmaw senator to be appointed to the Senate of Canada.

 

Honorary Degree: Lady Sandra Williams

Lady Sandra Williams

Lady Sandra Williams

Her Excellency Lady Sandra Williams BA’86 was born in St. John’s, Antigua on July 15, 1963. She attended nursery school in Antigua before moving to Ottawa, Canada, at the age of three with her family, and later on to Toronto. After returning to Antigua for two years, she then moved to North Wales, United Kingdom and later to Guyana, South America where she completed high school.

Lady Williams enrolled at Saint Mary’s University in 1981, where she pursued a Bachelor of Arts degree in the Department of Modern Languages and English, attaining distinction in her selected double major and minor. She was later awarded a Commonwealth Scholarship to pursue a Master of Science Degree in Tourism Management at the University of Surrey in the United Kingdom, and earned her postgraduate Diploma in Marketing from the Chartered Institute of Marketing, also in the United Kingdom. She is a full member of the Institute, and over the years has pursued various career-related courses in Japan, Austria, Spain, Germany, France and Barbados.

Lady Williams has held significant senior managerial positions, including Director of Marketing for a regional airline and Director of Tourism in both England and Germany. She is currently the President of the Antigua and Barbuda China Friendship Association. She is also the President and Founder of The Halo Foundation, an umbrella charity established in December 2014 that addresses the needs of 32 charities under the patronage of the Governor General of Antigua and Barbuda.

 Some of the initiatives of the Halo Foundation include:

  • Colours of Charity, an event for the various local charities headlined by HRH Prince Harry on his visit to Antigua in 2017;

  • a two-year anti-bullying campaign currently being executed in six pilot schools;

  • full four-year university scholarships to Saint Mary’s University for students from Antigua and Barbuda who have exhibited acts of kindness or bravery;

  • scholarships to local institutions for children with special needs;

  • the provision of musical instruments to the Youth Symphony Orchestra;

  • part sponsorship of Team Antigua Island Girls’ row across the Atlantic Ocean; and

  • the spearheading of a youth arm of the Halo Foundation, known as Generation Y, which focuses on sensitizing young people to the importance of helping others

In 2018, Lady Williams was given the Faithful and Meritorious Cross for outstanding voluntary service to the nation of Antigua and Barbuda. She is the spouse of the Governor General of Antigua and Barbuda, His Excellency Sir Rodney Williams, and has one son, Brent.