‘Catli “North Shore Credit Union names CEO = North Shore Credit Union - (NSCUD) recently announced _ the appointment of Chris: “ Catliff as its new President and Chief Executive Officer. “Chris is someone who can ‘lead, motivate and communicate .a strong vision,” . said “Naomi Yamamoto, ~ = Chair of NSCU’s board of directors... “Weare thrilied to have a high- calibre executive, like him to ‘ensure the: credit union will grow into the 21st Century while being true to its ommiunity roots.” Previously, Catliff was both Senior Ve: of . Credit. and Technolo: ony at Ts Citizens Bank and Senior VP o! Operations at Citizens Trust, which are subsidiaries of Vancouver City Savings where he enjoyed a 15-year carcer in ‘senior manage--: ent; leading a variety of divisions and ‘subsidiaries. iff new head of -BUS INESS iSCU § “jdential 1 Mortgage portfolio.” < Catliff has a Master’s Degree from the University of British Columbia. “I look forward to building North Shore Credit Union's reputation as a “responsive, progressive provider of ‘financial services,” satd Carliff, “while championing new methods of service delivery, using the latest tech- nology.” ~NSCU svlected the 40-year-old “; Catliff after a nationwide recruitment “campaign to replace former CEG “Jane. Milner, who retired June 30. “, Catliff began October 2. f Canliff, who grew up in. Vancouver, | has a wife and iwo- young children ‘Land is an avid outdoorsman. - NEW NSscU president and He is a.current member ‘of. the CEO Chris Catiifi. : ; + Strategic Leadership Forum,. CIO Asscciation of BC and the Urban . Development Tastitute. Catliff plans to grow the credit union’s assets in - both the community branches and through the “new economy”. channe!s. ; -NSCU, is ‘the:ninth largest. credit union in BC. : floor of 2 _ or in a movie. ‘wondering, “How do stocks : Sunday, October 8, 2000 - North Shore News - 19 stock e: MOST of us have caught a glimpse of the "NASDAQ stock mar- ., ketis the most well _ known over-the-.. counter market in” the world. In an over-tie-counter market, brokers reg- : : sister as “market mak ers” for various: We have seen - - stocks. . people rushing through crowds Marke makers post the best”: stopping only long enough to - __ price at which they are willing to - wave their arms and execute some pis and sell stocks over a central-.. kind of transaction through hand ized quotation system, which is” signals. To many of us, it seems. - __ managed by the National - , very confusing and we are left “Association of Securiti ies Dealers -’ (NASD). : .. These offers to buy a and seil are ; : Viewed arourd the world on the stock exchange, either on the evening news trade?” : 5 Words such as “bid, ” “offer. and “spread” can be quite confus-"- ‘ing if you do not understand what” At Citizens: Bank; he'o rs ng; handled ° ¢xpansio! a corporate .restruc Toronto “and | was ‘Through: its..19% branches. located in the Lower | ‘Mainland, Whistler and Pemberton, it also offers insur- ~ responsible for nearly tripling the commercial and t res ye can spend enjoy it,” ‘said Mandy as the: bréadbaskee was Only the late Bil Reid, the Haida man, picked the co: figur : forward to the present: We" the four-cup. raodel Matt’s | id gencrous) girlfriend ‘gav We discovered the foundry that: es the aad dozens of. orth of Tokyo. ‘Let’s see:if we can tour the: ig Up sand dollars) th women of means “+ $1,200: After 33 ‘ance, ‘investment brokerage and business services.- Gen-etsuro Cikawa, » piident of. » the Oigen Foundry, graciously, showed us around the factory. He seemed pleased when Maridy chose ; specially crafted teapot priced at... Pve learned th this, silence is ally as well as Ssratvely ere ‘As we aan 9 up of teach it a moinent like id‘ only ees ‘water, V then poured cut to make the tea rts to countries where tea is made ir: teapots have an enamel lin-' ing, which our one-off, “the price ubleéd after the craftsrnian who eapot, a big sister to our mini odel,’ for only. $145 Tea Gad, I owe you one, : Mike: Grenby is. a columnist nd: ependent personal financial bell ‘answer: questions, in th not By éontact:'; hin years of marriage, a “auction market,” vas the auctioneer, the exchange they mean. And misunderstanding ©: the terms, as an investor, can spell”. BS disaster for your strategy. There are two different systems. under which stocks trade — a list- ea exchange aiid an over-the-- : __” Sounter ( TC) market: - ‘Listed Exckange — The? 2 Toronto Stock-Exchange (TSE): and the New. York Stock Exchange |. : (NYSE) are both Jisted exchanges: ‘At these exchanges, individuals, ° _ known as “specialists”, are respon- “sible for ail’ of | the trading i ina spe- cific. stock. ; The specialist’ Ss 5 job is to main * tain a fair and. order! ly mirket that’ ? allows all investors’ orders to.b * considered and ex nec ted fairly - the market. _ With the help -. Sonietimes referred ‘te as “an ‘with the specialist becomes a marketplace where the specialist can s¢e who has’ blocks k to buy or’ sell at vario “prices and links them v - Though they seem very chaotic to the outsider, auction markets are‘actually very éfficier For.example, the NYSE reports that almost 98% of all trades take : the. bid rice tem (NASDAG) : “Under this y' or a price at Which the buyer wil “buy the security. For example; a articular stock might be quoted at bid of $6 and an as! et the bid price’ of $6 per. share; ¢. wanted to buy. shares; woul pay the'ask price of $6.50 share, The: difference:is called th B -Mméaning’ they, buy, at the ¢. “make the Spread; meanirig he ‘is able to buy stock ‘at d sell ask the two types ‘of stock marke: ‘part because they ‘ eed, AVAILABLE MONDAY TO FRIDAY. EXCEPT. HOLIDAY: ORDERS MUST. BE RecEveD BY-14:00 AR!