Florence Swanson has lived through every American car in the Ford Model T to the Tesla Model S. Now, at 94, she’s entered into what Google hopes would be the automotive future: self-driving vehicles. The coming chronilogical age of self-driving cars: What’s going to auto insurers do when there aren’t any drivers left to insure? Accident-prevention systems, already in position ...
Read More »Yearly Archives: 2016
Federal government headed for $150 billion in deficits over next 5 years: TD Bank
OTTAWA – An analysis by certainly one of Canada’s biggest banks says the us government is on track to operate $150 billion in budgetary deficits within the next five years. How reckless, excessive borrowing became Canada's national pastime Philip Cross: Total borrowing in Canada across all categories increased by $77.9 billion last year, a lot more than the $71.6 billion ...
Read More »AGF achieves first close of infrastructure fund with $372 million of equity commitments
Money manager AGF Management Ltd. has achieved the first close on its infrastructure fund, a task it launched about 1 . 5 years back as a way of diversifying an investment opportunities open to its institutional and retail clients. After the markets closed on Wednesday AGF and InstarAGF Asset Management Inc., the entity which will manage the investments, announced they ...
Read More »Selling group firms cut out of Enbridge Inc deal
Rumblings from Enbridge’s $2 billion equity financing – an offer that’s expected to be upsized by 15 per cent which closes Tuesday – continue. One rumbling concerns the way in which the stock was allocated. With a cast of 17 firms, four more dealers were involved this time around compared with the company’s previous equity offering, a $460 million issue ...
Read More »More ugly fruit and vegetables coming to Loblaw stores across Canada
TORONTO – Ugly food often means a pretty profit. How Canadian grocery chains are tapping a brand new market with ‘ugly’ fruits and vegetables They’re a unique shape and they may have a blemish or two, but it’s what’s inside that counts, according to IGA Quebec’s campaign to market a variety of odd-looking vegetables and fruit whatsoever from the province’s ...
Read More »Justin Trudeau’s message to world: Let government spending do the work
Canadian Pm Justin Trudeau is urging global leaders to rely more on government spending and fewer on monetary policy to spur growth because he prepares a budget which will push his country into deficit. Philip Cross: How profligate borrowing became Canada’s national pastime Total borrowing in Canada across all categories increased by $77.9 billion this past year, more than the $71.6 ...
Read More »RBC postpones investor day following death of City National chairman emeritus
Royal Bank of Canada has postponed a trader day that planned to discuss the recent purchase of Los Angeles-based City National Bank, following a death of the U.S. private and commercial bank’s chairman emeritus and board member Bram Goldsmith. Goldsmith, who was 93, died on Sunday. He’d served as chief executive of City National from 1975 to 1995. Royal Bank ...
Read More »Saskatchewan ranked best mining jurisdiction in Canada, second best in the world
Western Australia is the best mining jurisdiction in the world, while Saskatchewan is a close second. That is the conclusion of Canada’s Fraser Institute, which is released its annual Survey of Mining Companies on Tuesday. The survey, which collects feedback from countless mining professionals, tries to measure how resource potential and government policy affect mining purchase of 109 countries. Not ...
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