Japanese messaging app Line shares surge in debut in Tokyo + MORE Jul 15th

TORONTO – Bank of England governor Mark Carney is in Toronto today along with Environment Minister Catherine McKenna to discuss the implications of climate change initiatives for the financial sector in Canada and the world.
There has been emerging government and investor pressure for reduced emissions — and the evolution towards a low-carbon global economy — that could create significant risks and opportunities for Canada’s financial sector.
Carney has emphasized the importance of ensuring that the financial system is resilient so that it can adjust and finance the transition to a low-carbon economy efficiently.
Last year, the G20 asked Carney to review how the financial sector can incorporate climate-related issues in corporate reporting.
Carney’s visit comes a day after his surprise announcement to keep Britain’s interest rate on hold at 0.5 per cent.
There were expectations Carney would cut the rate in order to cushion the impact of Britain’s referendum to leave the European Union — known as Brexit — a decision that has reverberated throughout the global economy…

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Q: I have a friend who is thinking about filing for bankruptcy. He currently has a property that he owns and wants to change the ownership title to a relative before he files for bankruptcy. But I’m worried that his relative will get penalized because they’ll see through his plan. Is that the case? Or can he effectively shelter his property from the bankruptcy proceedings?
— Shelter from the storm, Calgary, Alta. 

Answer from Walter Melanson, lead analyst at PropertyGuys.com:

The beauty about PropertyGuys.com is that we have experts in all fields, including highly experienced real estate lawyers, including Stuart Murray, from Mullin Law.
But in order to understand how bankruptcy impacts your home ownership, we must first understand what a bankruptcy is under Canadian law. In simple terms, a personal bankruptcy is a legal process where the assets of the estate (the estate is everything you legally own) are distributed among the people, institutions and businesses you owe money to…

Waterloo Innovation Network CEO Brenda Halloran.
Being mayor of Waterloo, Ont. is Brenda Halloran’s best known job, but the CEO of the Waterloo Innovation Network has a wealth of experience across multiple fields. Halloran’s four-decade career includes jobs in health care, industry, public service and public office. Today, her mission is to advance Waterloo’s tech sector. She tells us about the best, worst and strangest gigs she’s done:

FIRST JOB
“When I was 13, I started working at Dairy Queen in Waterloo, Ont. We didn’t have calculators, so we had to add up everything in our head. It was really a great learning experience. I learned how to add quickly, how to make the perfect cone and how to deal with people.”
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Startup Canada CEO Victoria Lennox on the best lessons she’s learned
WORST JOB
“Between graduating from nursing school and finding work as a nurse, I took a job working part time at the old Electrohome factory in Kitchener, Ont…

TOKYO – Line Corp.’s shares surged in its debut on the Tokyo Stock Exchange on Friday, a day after its initial public offering in New York, as investors cashed in on the popular Japanese messaging app that features emoticons.
The biggest technology sector IPO of the year for both nations, Line rose Friday above its IPO price of 3,300 yen, settling at 4,345 yen, although it started higher at 4,900 yen. It cost $41.58 in New York on Thursday.
The company’s share offerings raised more than $1.1 billion.
Line has grown to 218 million users, mostly in Asia, especially Japan. It’s growing in the Middle East but isn’t catching on in the U.S. or Europe amid competition from Snapchat, Facebook messenger and other social media.
Line sells pictorial “stamps” to decorate messages, sells bear and bird dolls and mascot items and offers free voice calls and chats. It’s owned by South Korean search engine company Naver Corp.
The money Line raises will go into a mobile operator service that it’s planning to start soon in Japan, and expansions into other countries…

TOKYO – Nintendo suffered as a latecomer to smartphone games but is seeing the deep wealth of its franchise characters pay off with the success of “Pokemon Go,” even without a launch yet in Japan.
The Japanese game maker was starting to look like a casualty of history until the game was launched in the U.S. earlier this month. Not anymore.
Nintendo Co.’s management missed both the online and mobile revolutions. The popularity of “Pokemon Go” says much about the untapped value of cultural properties — at least when you’re lucky enough to deploy them in the right place at the right time.
“Nintendo might have been slow to adapt to the smartphone era, but now that it’s doing it, it’s doing it in full force and showing tremendous power,” said Hiroyuki Kubota, a financial analyst.
The windfall from what Kubota dubs “Pokenomics” could help reverse Nintendo’s fortunes, although some analysts think its impact on the company’s revenues will be limited because the game is free apart from certain revenue-earning features, he said…