ia ES e rere Chinese delegation ie were confused after seeing this sign last week. It was put up just past the Wal-Mart parking lot and before crossing the bridge heading out of town. Peter King is running for Kitimat council and its’ location seems to be aimed at Kitimat residents going home after. shopping in Terrace. - El rate going down. _ EMPLOYMENT: INSURANCE premium rates are ° going down in. 2006, meaning that a person earning $39,000 will pay a maximum of $729.30, a savings of: $31.70 compared to the 2005 rate.’ Employers will also pay less, $1,021.80 next year . compared to $1,065 this year for employees making at ' least $39,000 a year. . In terms of rate per $100 of earnings, an employee will pay $1.87 in 2006 compared to $1.95 this year. _ The 2006 EI rate represents a 4.1 per cent decline from the 2005 rate and is the twelfth consecutive rate reduction since 1994, when the employee rate was $3.07. In 2001, for instance, a person paid a maximum of | $877.50 a year. . The Employment Insurance account has been run- ning at a surplus for years, leading critics to Say that . premiums should have been going down even more. . Hockey cards stolen | SOMEONE made off with an expensive TV and sev- eral sets of hockey cards after breaking into a residence at 3979 McNeil St. some time during the day Nov. 4. Stolen were a- black 44” LG television, worth $3,476.97, and hockey cards valued from $3,000 to. $4,000. A taxi was seen at the residence around 5 p.m. to 5:15 p.m. Terrace RCMP said it is believed a native male was seen leaving the residence carrying a large object, placing it into-the cab;and leaving. Anyone who has any information about this crime is asked to call Terrace RCMP at 638- 7400 | or Crimestoppers at 635-8477, is coming after all A VISIT to the northwest by a group of Chinese post- again. The group from Qing- dao Vocation and Technical here this week as guests of Northwest Community Col- lege- but they couldn’t get visas in time. from the Cana- dian embassy in China. — -The paperwork is now in place and the group is sched-. uled to be here from Nov. 19 to.Nov. 25. made to China earlier this - fall by Northwest 'Com- munity College president Stephanie Forsyth. She signed a letter of in- student and faculty exchang- es. mo ‘first visit with college ad- ministrators, staff and: stu- dents in Prince Rupert and ‘then in Terrace. take in’ other sights around the region. The Chinese college: has 7,500 full-time students in a variety of technical and vo- cational programs. - , _- School of Household Appli- ances, named after the Haier group, which is a growing international | manufacturer » of household appliances. ‘at one time the capital city of ; ingtao beer. Car damaged - POLICE ARE © looking the person or persons who smashed the windshield cf ‘a blue VW Golf during the night of Nov..9-10. The vehicle was parked in the east parking lot of the the tire: Call. thé detachment at 638-7400 or Crimestop- pers at 635-8477 with any ’ information. - when they want to borrow. In A BOND PRIMER Does your portfolio include bonds? It should. Bonds are essential to a balanced investment strategy. Yet many Canadians don’tinvest in bonds because investment they don’t understand them. To help you” become more familiar with bonds, we've put together this basic primer. Bonds are financial instruments issued by governments, corporations College was to have been. The visit follows on one’ tent with officials from the | Qingdao college to develop - The Chinese group will — There ‘are also plans to ° visit the Hazeltons as well as: It also contains the Haier - The city of Qingdao was | _a German colony in China. and is best known for its Ts-" for help in tracking “down - Best. Western.) Jerrace Inn at. amount of the bond), as long as the money is available to pay bondholders. For example, an existing $10,000 bond might have a coupon rate of 6%. But because general interest rates have moved down, similar new bonds are being issued at 4%. Investors will pay more for the higher-rate bond because they'll receive greater interest payments. If you have a 4% bond and newly issued bonds are paying 6%, your and other. organizations other words, they're a loan. The buyer of a bond lends money to the issuer for a specified period of time, at a fixed rate of interest (the coupon rate). Interest, .is paid until the bond comes due (matures) and the principal amount is to be’ repaid. interest rates offered by Kevin Marleau Investment Representative bond will be worth higher interest elsewhere. Generally, the longer the time to maturity, the by rate changes. Other factors that can ‘influence secondary. market include the financial health of the issuer.and levels of supply and demand. new bonds vary. Forexample, bonds issued by the Government of Canada or by. provincial governments feature lower rates because investors » are willing to accept less in interest in exchange for the security that their principal will be repaid. Bonds issued by corporations, such as the Royal . Bank, Bell Canada or Loblaw Cos., usually pay higher interest rates to compensate investors for the added risk not associated with government bonds. As investors move lower on the credit ladder, the more they should be compensated for uncertainty. Rates also vary depending on the length of the bond. Bonds are issued in maturities that range from a few years to 30 years or more. Longer terms usually mean: higher rates, to compensate for increased uncertainty over an extended time. :There’s another key element of bond investing: buying and selling existing bonds instead of purchasing new bonds. Once a bond is issued, trading on the “secondary market.” This brings into play an important aspect of bond ownership-the potential for capital gains and losses. If interest rates decline, bonds appreciate in price. However, if interest rates. rise, bonds depreciate. Think of this as a teeter-totter, with rates on one side and prices on the other. But no matter what the price of a bond, at maturity the bond is worth its “face value” (the principal it begins. Because of - the interrelationship between bond prices and the coupon rate, bond returns are typically expressed as “yields.” A bond's current yield is its yearly interest, divided by its price and . expressed as a percentage. Yield to maturity takes into account discounts or premiums to a bond's price, plus interest payments. This gives investors a more, accurate measure of return. ‘You can find bond yields through your investment dealer. Of course, there’s more to bonds than this simple outline. For more details on bonds. and yields, ask your financial or investment representative. A professional can help. you choose bonds or bond funds that are right: for your portfolio. MEMBERCIPF =, less ~ because buyers can get” more a bond is affected the price. of a bond on the UPCOMING SEMINAR INVESTING WITH MUTUAL FUNDS Guest Speaker: Christian Mattenley (AGF) Wednesday, Nov. 23, 2005 at 7pm. Please Call To Reserve Your Seat at 638-1202 or 1-877-638-1202 Edward Jones _ Serving Individual Investors . 107-4716 Lazelle Avenue Terrace, B.C., V8G 1T2 (250) 638-1202 or 1-877-638-1202 secondary educators is on... 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