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Treasurer Report The foresight of this forward-thinking organization, along
with our balanced investment portfolio, will serve us well
as the COVID-19 crisis impacts every part of our financial
Wassim Kassouf stability as an association. A full copy of the CUA and
Treasurer CUASF Investment policy can be found on the “Members’
Montreal, QC Only” section of the CUA website.
With the CUA Annual Meeting being cancelled and
many other meetings that the CUA organizes all being
his is my first year as Treasurer of the CUA, taking cancelled under the same pretenses, the CUA still
Tthe reigns from Dr. Ricardo Rendon, who finished his remains on solid footing. However, the financial impact
term leaving both the CUA and the CUASF in strong of the global stock market depression will test the
financial positions. Many years ago, under Dr. Anne- foundation that has been built over the years, as we see
Marie Houle’s term as Treasurer, an investment policy was the expected decline of both the CUA and the CUASF
made for both the CUA and the CUASF. The investment investment portfolios due to this major global health crisis.
objective and asset allocation policy was agreed by all For this reason, I would like to thank all the corporate
to ensure the appropriate risk / return ratio to preserve sponsors that have committed to supporting us for
the purchasing power of the assets. The long-term the next year from June 2020 – June 2021. Corporate
investment objective, in 2019, was set at two years fixed sponsorship is not tied to any specific projects and
expenses plus two years of annual meeting expenses. The instead supports the goals set out in the strategic plan of
rationale was that, as a not-for-profit organization, the the association, for the year. It is of utmost importance
CUA is dependent on revenues from the pharmaceutical for a not-for-profit association to be able to execute its
industry and the annual meeting. It was thought that if mission.
ever the CUA had encountered a year where the urology
community suffered from a decrease of industry support, Your commitment to our association will help ensure that
or had an annual meeting resulting in a deficit, that the we will be able to commit to sustaining the important
CUA would be covered for two years worth of operations. services that we provide for our members.

Corporate Sponsors June 2020 – June 2021
Platinum Corporate Sponsor Contributor Sponsors

Resident and Fellow Committee Report

Anjali Lobo Valérie Hogues
Officer Secretary
Dalhousie University Université de Montréal
Halifax, NS Montreal, QC

he Resident and Fellow Committee (RFC) is proud to be classified as a formal CUA committee (since June 2019) and as
Tsuch, is now invited to attend the CUA Board meetings, to present a summary of the group’s activities. This is a welcome
advancement that will be mutually beneficial, engaging CUA’s younger membership and ensuring the success of the
association, while simultaneously validating the professional and academic challenges faced by the next generation in
urology.
The committee will continue to address how CUA can best use its resources to advocate for residents and fellows and will
consult with connected CUA committees on how to implement proposed initiatives. Recently, the committee’s comments
on improving the mobile viewing functions of the new website were well-received and we are currently considering how
to compile robust fellowship program data to advertise on the CUA website. This committee has a voice, so we encourage
you to impart suggestions, comments and input to your RFC program representative.

Finally, we take great pleasure in announcing the growth of CUA’s urology resident membership. Currently, an amazing
100% of Canadian urology program residents are CUA members!

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