Bartolucci makes ringing endorsement.The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ) in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. has had its bell rung by the Ontario government. [ILLUSTRATION OMITTED] Specifically, Minister of Northern Development and Mines Rick Bartolucci Rick Bartolucci (born October 10, 1943 in Sudbury, Ontario) is a Liberal member of the Legislative Assembly of Ontario representing the Sudbury riding. He has been a member of the assembly since 1995, and is currently a cabinet minister in the government of Dalton McGuinty. was in the Big Apple at the invitation of AMEX chair and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Neal L. Wolkoff. On April 19, he became the first Canadian government minister to ring the exchange's opening bell, signalling the start of the day's trading. The ceremony of ringing the opening bell is a long-established tradition dating back to 1921. Over the years, the honour has been accorded to American presidents, politicians, foreign dignitaries, business and cultural leaders, athletes and celebrities from all walks of life. Afterward, he spoke to the traders on the floor. "When we mentioned Ontario and the potential of Ontario with regards to mineral investment, there was applause, real applause," he says. "It made me feel awfully good." Bartolucci spoke about Ontario's potential as an investment destination and highlighted some of the minerals that can be found here. "We want to get the message across to investors making investments in companies that are doing business in Ontario that the opportunity for a very positive return on that investment is real." The AMEX chair and CEO heard that loud and clear. "He's charmed the heck out of everybody on the trading floor," Wolkoff says. "He gave a very good boost to the AMEX's efforts to develop listing companies among the mining community. You can send him back anytime." According to Wolkoff, AMEX has its own stable of Canadian mining companies, which he says are becoming more and more attractive to American investors looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a better return than often they can get within their borders. "The amount of public interest in Canadian mining companies is huge now," he says. He explains the jump in value of base and precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , mining companies' increased visibility as a result of that increase, and the potential for a better rate of return than they can get in American investments are driving more investor dollars due North. "What better than looking North of the border to a country that we know has democracy, is well run and capitalist, with great natural resources," he says. "It has been a favourite sector of the investors. We've had tremendous success listing these companies, and we would welcome more." About 29 of the 50 Canadian mining companies listed with the AMEX made presentations at the AMEX Precious and Base Metals Investor Conference at the Intercontinental Hotel in Midtown Manhattan, according to Wolkoff. That number includes FNX Mining and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Palladium, two companies with major dealings on the Northern Ontario mining scene. He says 29 is about twice the number that presented last year, and was expecting the crowd to have tripled for this year. Bartolucci was a keynote speaker at one of the luncheons. "He is a wonderful ambassador, by the way, for your region and the resources there," says Wolkoff. "I wish some of our politicians had those kinds of qualities." www.amex.com www.mndm.gov.on.ca By CRAIG GILBERT Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. |
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