Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...
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Freeland appoints three new Bank of Canada board members
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The Bank of Canada building, in Ottawa, on May 31, 2022.Justin Tang/The Canadian Press
Finance Minister Chrystia Freeland has appointed three new members to the Bank of Canada’s board of directors, including the first Indigenous board member, bringing the central bank’s oversight group back up to full strength.
Ernie Daniels, David Dominy and Shelley Williams will join the 15-member board, which is made up of the bank’s governor, senior deputy governor, the deputy minister of finance and 12 independent directors.
The board is not involved with setting interest rates or other aspects of monetary policy. That’s handled by the bank’s five-person governing council. But the board provides high-level oversight on issues such as accounting, strategic planning and risk management. Independent directors serve three-year renewable terms.
Mr. Daniels is the president and chief executive officer of the First Nations Finance Authority. “To the best of our knowledge, Mr. Daniels is the first First Nations member of the bank’s board,” central bank spokesperson Sean Gordon said in an e-mail.
Mr. Dominy was CEO of currency-exchange and payments business Firma Foreign Exchange Corp. until last year, and a director of the Canada Deposit Insurance Corp. from 2018 to 2022.
Ms. Williams was previously vice-president and treasurer of industrial equipment dealer Finning International Inc. and is on the board of the Boston Pizza Royalties Income Fund.
“I want to thank them for accepting these positions, which play an important role in supporting the resiliency and stability of Canada’s financial system,” Ms. Freeland said in a statement.
The appointments come as the Bank of Canada faces unprecedented public scrutiny over its handling of runaway inflation and its aggressive campaign to increase interest rates.
The central bank is also dealing with a novel accounting challenge: It is losing money for the first time in its 87-year history.
After massively expanding its balance sheet during the pandemic, then rapidly raising interest rates, the bank is now paying more interest on its liabilities than it’s earning on its assets. It reported a $522-million loss for the third quarter, and does not expect to return to profitability for several years. The bank is anticipating total losses in the range of $5-billion to $6-billion, although this will ultimately depend on the trajectory of interest rates.
These losses won’t affect the bank’s ability to conduct monetary policy. But they do create reputational and accounting challenges for both the bank and the government.
The bank is not allowed to retain its earnings, and it does not have a rainy-day reserve fund. That means the Department of Finance needs to decide whether to cover the bank’s losses directly, or come up with some other method that would allow the bank to make up for the losses once it returns to profitability. That may require a change to the Bank of Canada Act.
I recently watched “ the greatest film of all time ,” and the most boring one. In retrospect, the title alone should have been a sufficient warning: Jeanne Dielman, 23 Quai du Commerce, 1080 Bruxelles . Alas, I’m old enough to be a bit nostalgic about massive telephone address books. And massive it is. Clocking over 200 minutes, Chantal Akerman's 1975 dreary drama follows three days in the monotonous routine of Jeanne, a widow, a mother, and a prostitute. I watched Jeanne’s autopilot existence, until, staring at her back as she washes dishes, I decided to fast-forward a couple of minutes, only to discover she was still at it. And Jeanne is equally thorough when she’s busy baking, cleaning, folding laundry, or shining her son’s shoes. She speaks so scarcely and mechanically, that it’s impossible to detect any emotion or volition beyond her carefully controlled chores . Watching Jeanne Dielman is what the word “painstaking” was invented for. Chantal...
Stored procedures: like functions for your SQL. A stored procedure is a batch of SQL statements created and stored on a database. You can reuse a stored procedure over and over again. A stored procedure can accept parameters, run a query, and return results. Many users can call a stored procedure and different applications can call it with different parameter values. What Are the Benefits of Using Stored Procedures? Apart from allowing multiple users and applications to reuse it, a stored procedure has other benefits. It is easy to modify. You can change a stored procedure when necessary and these updates will be reflected for all users. Furthermore, you don’t need to redeploy your application when you modify the stored procedure. It reduces network traffic because the server only passes the procedure’s name over the network and not the entire query. It improves database security since users don’t have direct access to tables. To make...
Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...
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