India businesses say shock currency swap painful but needed + MORE Nov 10th

The Canadian immigration website crashed yesterday. Yep. There was that much web traffic trawling the federal government site on the process of moving to Canada.
In light of the interest, some real estate agents and brokerages also saw a big spike on the inquiries of how to buy Canadian property as an American citizen (for some tips, see our Ask a Real Estate Expert answer here).
Zoocasa.com, a nationwide Canadian broker, reported a “significant spike in U.S. visitor traffic” in the early morning of November 8 and well into yesterday evening. Prior to Donald Trump’s election to the office for President of the United States, inquiries to Zoocasa.com by Americans accounted for 4% of traffic. In the last two days U.S. traffic had accounted for 30% of all traffic on Zoocasa.com.
A substantial number of those inquiries were through the hours of 11 p.m. EST on Nov. 8 and 5 a.m. EST on Nov. 9. “Many of our callers stated they either have family in Canada that they wish to join, or are holding Canadian passports or dual citizenship,” said Dan Lee, a Zoocasa customer service representative…

Pension plan says assets in the pension fund have climbed by $21.6-billion in the first two quarters of the fund’s year.

TORONTO – While stock markets have been surprisingly resilient following the victory of U.S. president-elect Donald Trump, investors are still anxiously wondering what to expect with their portfolios in the weeks and months to come. Here are five considerations investors should take into account as they ponder how to react to Trump’s historic win.
Don’t act rashly: “You shouldn’t have a knee-jerk reaction to anything when it comes to investments,” says Jason Heath, a fee-only financial planner with Objective Financial Partners in Toronto. While stock markets have remained relatively stable in the wake of Trump’s victory, Heath says investors who sold their stocks following the sharp market declines after the Brexit panic in June — when Britain unexpectedly voted to leave the European Union in June — paid a dear price when markets rebounded days later. A similar scenario occurred following the 2008-09 financial crisis when stocks sold off significantly but later rebounded, albeit more slowly…

NEW DELHI – Delivering one of India’s biggest-ever economic upsets, Prime Minister Narendra Modi this week declared the bulk of Indian currency notes no longer held any value and told anyone holding those bills to take them to banks.
Only those holding huge stashes of untaxed “black money” need worry, Modi said.
But in India, many are deeply worried.
About 80 per cent of India’s financial transactions are conducted in cash, often to evade taxes. While some of that activity is illegal, hundreds of millions of rural poor, scrappy entrepreneurs and small-time traders also keep their savings in cash, sometimes just because there is no bank branch nearby.
India’s industry leaders, bankers and market analysts rallied behind Modi’s move, viewing it as a much-needed corrective in a cash-reliant culture that has facilitated corruption. Within hours of Modi’s announcement that all 500- and 1,000-rupee notes — worth about $7.50 and $15 — would hold no value as of Wednesday, the hashtag “ModiFightsCorruption” began trending on Twitter…

Retailer looking at ways it can cash in on the value of its real estate