Today’s hot news is the Bank of Canada statement: In Canada, the quarterly pattern of growth has been uneven. Real GDP grew by 2.4 per cent in the first quarter but is estimated to have …
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July 12, 2016
It seems to me that this here internet thingamajig might be useful for business: Home renovation chain Rona says its efforts to attract tech-savvy shoppers got a recent boost when the retailer temporarily replaced its …
July 11, 2016
To every action there is an equal and opposite reaction: As recreational and commercially available drones become more advanced, areas that are off limits are having to develop plans to keep drones out. Other than …
July 8, 2016
Jobs, jobs, jobs! America’s job market stirred to life in June as payroll growth accelerated by the most since October after a two-month lull, assuaging fears of broader cutbacks by companies. Payrolls climbed by 287,000 …
July 7, 2016
The Great British Property Fund Debacle keeps getting worse: The uncertainty sweeping across Britain’s commercial property market in the wake of Brexit has affected more funds, including a few owned by Canadian firms. Bank of …
HSB: S&P States "Outlook Negative"
Standard & Poor’s has announced: •In our view, the “leave” result in the U.K.’s June 2016 referendum on EU membership (“Brexit”) has increased the risks of adverse economic developments in the U.K. As a result, …
July 6, 2016
The unfolding story of British commercial property funds, last discussed July 5, continues to add drama to our hum-drum lives: Henderson Global Investors and Columbia Threadneedle Investments suspended trading in at least 5.3 billion pounds …
July 5, 2016
Yesterday I mentioned redemptions in property funds in the UK and the suspension of redemptions in the Standard Life fund. Standard Life has company! Three of the U.K.’s largest real estate funds have frozen almost …
July 4, 2016
The world’s biggest pension fund is being criticized for high risk: Japan’s Government Pension Investment Fund will probably post a 4.4 trillion yen ($43 billion) loss in the April-June quarter, according to calculations by Yohei …
June 30, 2016
I have long suspected that the UK’s war on bankers would eventually backfire; perhaps it has been a contributing factor: The race is on to be the new London. Unless Britain finds a way to …