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Latest News
Is Selling Your Home: A Smart Decision for Retirement? Jan 7th
For many people, owning a mortgage-free home in retirement can be a financially smart decision, as it allows them to keep their expenses low by only having to worry about property taxes, maintenance, utilities, and insurance. However, if your home is particularly valuable or no longer fits your n.... More »
Business Highlights + MORE Sep 30th
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School spending by affluent is widening wealth gap
WASHINGTON (AP) — Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they’ll count the ways:
Preschool can lift children from poverty. Top high schools prepare students for .... More »
Is a vacation home a good investment? Sep 20th
The benefits of owning a vacation property are obvious. A cottage, cabin, condo or trailer a short drive from your home can provide a quick weekend recharge. A property down south can serve as a regular vacation destination or a winter home for a snowbird.
Sometimes, emotions are the motivat.... More »
Business Highlights + MORE Feb 16th
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The Big Uh-Oh: Global economy shaky and cavalry may not come
WASHINGTON (AP) — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.
Sinking stock prices.... More »
At midday: TSX rises despite slip in energy stocks + MORE Oct 11th
Wall Street flat; financials drop ahead of earnings
.... More »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
CPPIB acquires 39 per cent stake in Europe car park operator
– theglobeandmail.com
The Canada Pension Plan Investment Board will pay $546-million to buy a stake in Interparking, one of Europe’s largest car park management companies
CPPIB buys 39% stake in Europe’s Interparking for equivalent of $546M
– canadianbusiness.com
TORONTO – The Canada Pension Plan Investment Board has signed a deal to acquire a 39 per cent stake in Interparking, one of Europe’s largest parking lot management companies, for about $546 million.
Under the deal, CPP Investment Board European Holdings will pay 376 million euros to acquire the stake from AG Real Estate, which will retain a 51 per cent interest.
PARKIMO, an existing shareholder, will keep its 10 per cent holding.
Based in Brussels and with operations across nine countries in Europe, Interparking owns 657 car parks in 350 cities.
“Interparking is a good fit with our infrastructure program because of the relatively stable, predictable cash flows available through its geographically diversified portfolio of high quality car parks, and this aligns well with CPPIB’s exceptional long-term investment horizon,” said Andre Bourbonnais, senior vice-president, head of private Investments, CPPIB.
The Canada Pension Plan Investment Board invests the money not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries…
Under the deal, CPP Investment Board European Holdings will pay 376 million euros to acquire the stake from AG Real Estate, which will retain a 51 per cent interest.
PARKIMO, an existing shareholder, will keep its 10 per cent holding.
Based in Brussels and with operations across nine countries in Europe, Interparking owns 657 car parks in 350 cities.
“Interparking is a good fit with our infrastructure program because of the relatively stable, predictable cash flows available through its geographically diversified portfolio of high quality car parks, and this aligns well with CPPIB’s exceptional long-term investment horizon,” said Andre Bourbonnais, senior vice-president, head of private Investments, CPPIB.
The Canada Pension Plan Investment Board invests the money not needed by the Canada Pension Plan to pay current benefits on behalf of 18 million Canadian contributors and beneficiaries…
Weekend Readings
– IntelligentSpeculator.net
General Readings
-How Russian hackers stole the Nasdaq @ BusinessWeek
Tech Stock Readings
-Kara Swisher, a tech journalist legend @ NYMag
-Amazon a friendly giant as long as its getting fed @ NYT
-Uber, Lyft and reinventing the ride @ NYT
-Box, Uber and 29 cent tacos @ joshhannah.com
The post Weekend Readings appeared first on Intelligent Speculator.
-How Russian hackers stole the Nasdaq @ BusinessWeek
Tech Stock Readings
-Kara Swisher, a tech journalist legend @ NYMag
-Amazon a friendly giant as long as its getting fed @ NYT
-Uber, Lyft and reinventing the ride @ NYT
-Box, Uber and 29 cent tacos @ joshhannah.com
The post Weekend Readings appeared first on Intelligent Speculator.
