New IMF report warns of Canada’s high debt levels + MORE Oct 12th

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Saudi Crown Prince calls Iran's Supreme Leader 'the new Hitler' - The Globe and Mail + MORE Nov 24th

The Globe and MailSaudi Crown Prince calls Iran's Supreme Leader 'the new Hitler'The Globe and MailSaudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia, on Oct. 24, 2017. Hamad I Mohammed/REUTERS. DUBAI. Reuters. 4 hours ag.... More »

Bank of Canada raises concerns about mortgages, even those with larger down payments + MORE Nov 28th

Almost half of new, young homeowners put down less than 20 per cent down on their homes, something that could make them vulnerable to economic shocks down the line, according to Bank of Canada's Financial System Review laying out the biggest risks facing the economy..... More »

‘Mundane works’: BMO’s Brian Belski on how to invest in rising Canadian stocks in 2018 + MORE Nov 20th

Chief investment strategist on where to put your money in Toronto stock market .... More »

Andrew McCreath’s Forge First buys Sui Generis + MORE Oct 30th

Andrew McCreath, president and chief executive officer of Forge First Asset Management Inc., said his firm has purchased Sui Generis Investment Partners .... More »

Bitcoin, marijuana stock crazes take root in Canada’s Wild West Dec 22nd

Low bar lends itself to stock promotion, murky disclosure .... More »
DesRosiers Automotive Consultants said Wednesday that capital spending for Canada’s motor vehicle assembly industry has averaged $1.2-billion a year for 2010-17, down from $2.3-billion from 2000 to 2009

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TORONTO _ A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.
Study author Neil Mohindra wrote the proposed stress test “will do more harm than good” by limiting access to mortgages for some homebuyers.
“The mandatory standard for stress testing could result in a less competitive and more concentrated mortgage market,” he wrote in the report.
The study comes as the federal Office of the Superintendent of Financial Institutions finalizes new lending guidelines.
Among the changes being contemplated is a requirement that homebuyers who have a down payment of 20 per cent or more and do not require mortgage insurance still have to show they can make their payments if interest rates rise.
The head of OSFI has said that Canada’s banking regulator wants to reduce the risk of mortgage defaults because of high levels of household debt.
“We are not waiting to see those risks crystallize in rising arrears and defaults before we act,” OSFI head Jeremy Rudin said last week…

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MONTREAL _ The head of one of the companies offering financing for taxi permits in Montreal insists there is still a market for the much-devalued commodity.
The price of a permit has decreased almost 40 per cent since Uber began operating in Quebec about four years ago, according to the province’s Transport Department.
Michel Hebert’s company, FinTaxi, is doing what it can to prop up the market by refusing to finance permits at a value below $110,000 _ regardless of how much a seller is willing to offer.
“We think the value of the taxi permit is higher than $110,000,” Hebert said in an interview. “And we are keeping that base.”
FinTaxi is wholly owned by the Fonds de solidarite FTQ, a massive investment fund with ties to the province’s largest labour federation, which counts the taxi drivers’ union among its members.
Organized labour in Quebec doesn’t only have a vested interest in the future of the government-controlled taxi system to save jobs _ there are tens of millions of dollars on the line for the Fonds FTQ if the permit market goes bust…

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OTTAWA _ Shopify Inc.’s chief executive says he’ll push back against a short-seller’s report questioning the company’s business model during the release of their next financial results.
Company CEO Tobias Lutke tweeted that he looks forward to the next earnings call, expected in early November, where he’ll address the “short-selling troll” targeting Shopify.
He further tweeted that “the irony of an outfit like Citron accusing any business of being a get-rich-quick scheme should not be lost on anyone.”
Last week, short-seller Citron Research released a report claiming Ottawa-based Shopify was running what it called an overvalued get-rich-quick scheme, sending the stock down from near $150 a share to around $112 a share on Tuesday.
The stock regained a bit of ground by mid-day Wednesday, up $4 to $119.76 for a 3.5 per cent gain for the day.
Ottawa-based Shopify posted a defence of its business model to its website last Thursday, but didn’t specifically refer to allegations published by Andrew Left of Citron Research…

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New IMF report warns of Canada’s high debt levelsIn the new report, the International Monetary Fund says these dynamics in Canada’s private non-financial sector leaves its economy more sensitive to tighter financial conditions.

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