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Cowboy Venture’s Amanda Robson Is Helping Women Founders Secure Funding Oct 18th
Amanda Robson, originally from Ancaster, Ont., is a powerhouse in Silicon Valley. In November 2020, she led a US$3.2-million investment round in a securities-software company called Drata, now worth US$1 billion. When she’s not crushing it as a newly minted (and the youngest ever) partner at Cowbo.... More »
Fear and loathing in the Vancouver property market: Don Pittis + MORE Sep 2nd
Recent buyers of Vancouver real estate have been horrified by reports predicting the collapse of the market. While a downturn is expected to be moderate, anticipation of the actual numbers sent a frisson of fear through markets beyond Vancouver..... More »
The Rise of Accessible Investing in a Fintech Generation + MORE Oct 15th
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For generations, the benefits of investing have been reserved only for those who possess the luxuries of time, mobility and money. Knowledge of the stock market, the value of shares and the mere concept of making your money work for you are only now truly becoming public knowledge..... More »
Keyera says $5.15B deal to buy Plains' Canadian business to help energy security - Yahoo Jun 19th
Keyera says $5.15B deal to buy Plains' Canadian business to help energy security YahooKeyera to Acquire Plains’ Canadian NGL Business in a Transformative $5.15 Billion Transaction BOE ReportWhy Plains All American Pipeline Stock Was a Winner on Wednesday The Globe .... More »
Toronto millennials want to be homeowners but only 22% believe they can do it in the city: survey - CBC.ca + MORE Aug 25th
Toronto millennials want to be homeowners but only 22% believe they can do it in the city: survey CBC.caShould I stay or should I own: Half of Canadian millennials say they’d have to leave the city they love to buy a home Toronto StarRoyal LePage releases report that sheds li.... More »
Gerry Schwartz’s $116-million pay cut
– theglobeandmail.com
Part of the explanation for the lower pay last year could lie in Onex’s financial performance and reduced payouts from co-investments
Economy will take years to adjust to commodity-price decline: Bank of Canada
– canadianbusiness.com
OTTAWA – It will likely take more than two years for the country’s economy to fully adjust to the commodity price shock, a senior Bank of Canada official said Wednesday.
Deputy governor Lynn Patterson said if oil prices remain flat, a new economic balance will take shape over several years — one that sees the share of the resources sector shrink to pre-boom levels.
In prepared remarks for a speech Wednesday in Edmonton, Patterson said that by 2020 the commodity sector may only account for 40 per cent of exports, down from 50 per cent in 2014.
The bank’s modelling also suggests the resource industry’s share of business investment could fall to 40 per cent from 56 per cent in 2014.
“Lower commodity prices will lower incomes and are likely to lower the economy’s potential output,” Patterson said in the speech, to be delivered to the Edmonton Chamber of Commerce.
“The extent to which potential GDP (gross domestic product) is permanently lower will depend on how much capacity is rebuilt in the non-commodity sector…
Deputy governor Lynn Patterson said if oil prices remain flat, a new economic balance will take shape over several years — one that sees the share of the resources sector shrink to pre-boom levels.
In prepared remarks for a speech Wednesday in Edmonton, Patterson said that by 2020 the commodity sector may only account for 40 per cent of exports, down from 50 per cent in 2014.
The bank’s modelling also suggests the resource industry’s share of business investment could fall to 40 per cent from 56 per cent in 2014.
“Lower commodity prices will lower incomes and are likely to lower the economy’s potential output,” Patterson said in the speech, to be delivered to the Edmonton Chamber of Commerce.
“The extent to which potential GDP (gross domestic product) is permanently lower will depend on how much capacity is rebuilt in the non-commodity sector…
U.S. rapprochement with Cuba creating investment window for Canada: ambassador
– canadianbusiness.com
MONTREAL – Cuba’s ambassador says rapprochement with the U.S. is creating a window of opportunity for Canadian businesses to invest in the island country.
Ambassador Julio Garmendia Pena says that despite decades of friendly relations between Canada and Cuba, the lengthy U.S. “blockade” has made many Canadian companies reluctant to invest so as not to risk their American ties.
But he said the recent state visit by U.S. President Barack Obama has fostered unprecedented interest from potential foreign investors.
Cuba has changed some laws to encourage investment, but he said in speech Wednesday that any great change will depend on the U.S. Congress removing the embargo.
Pena says Canada has underinvested in Cuba’s tourism sector even though more than 1.3 million Canadians vacation on Caribbean’s largest island each year.
Currently, Canada is Cuba’s fourth-largest trading partner. Among its biggest investors is Sherritt International (TSX:S), which has extensive oil and power operations there…
Ambassador Julio Garmendia Pena says that despite decades of friendly relations between Canada and Cuba, the lengthy U.S. “blockade” has made many Canadian companies reluctant to invest so as not to risk their American ties.
But he said the recent state visit by U.S. President Barack Obama has fostered unprecedented interest from potential foreign investors.
Cuba has changed some laws to encourage investment, but he said in speech Wednesday that any great change will depend on the U.S. Congress removing the embargo.
Pena says Canada has underinvested in Cuba’s tourism sector even though more than 1.3 million Canadians vacation on Caribbean’s largest island each year.
Currently, Canada is Cuba’s fourth-largest trading partner. Among its biggest investors is Sherritt International (TSX:S), which has extensive oil and power operations there…
Ontario Teachers’ Pension Plan posts 13% return in 2015
– theglobeandmail.com
Plan says assets grew to $171.4-billion in the last calendar year
Stocks keep rising, led by banks and technology companies
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are rising Wednesday afternoon as banks and technology companies move higher. The market is making broad gains and building on a rally that started the day before. Stocks have reached a high mark for the year.
KEEPING SCORE: The Dow Jones industrial average rose 95 points, or 0.5 per cent, to 17,727 as of 3:02 p.m. Eastern time. The Standard & Poor’s 500 index gained 12 points, or 0.6 per cent, to 2,066. The Nasdaq composite index added 31 points, or 0.6 per cent, to 4,877.
FINANCIALS FLY: Banks and insurance companies made the biggest gains. MetLife gained $1.97, or 4.6 per cent, to $44.43 after the company successfully challenged its “too big to fail” designation. The Financial Stability Oversight Council had said MetLife needed greater government oversight because of its size and importance to the financial system, but the company took the council to court over that ruling. On Wednesday a judge ruled in its favour.
Fellow insurer AIG advanced 97 cents, or 1…
KEEPING SCORE: The Dow Jones industrial average rose 95 points, or 0.5 per cent, to 17,727 as of 3:02 p.m. Eastern time. The Standard & Poor’s 500 index gained 12 points, or 0.6 per cent, to 2,066. The Nasdaq composite index added 31 points, or 0.6 per cent, to 4,877.
FINANCIALS FLY: Banks and insurance companies made the biggest gains. MetLife gained $1.97, or 4.6 per cent, to $44.43 after the company successfully challenged its “too big to fail” designation. The Financial Stability Oversight Council had said MetLife needed greater government oversight because of its size and importance to the financial system, but the company took the council to court over that ruling. On Wednesday a judge ruled in its favour.
Fellow insurer AIG advanced 97 cents, or 1…
