Jerome Hass is a portfolio manager with Lightwater Partners Ltd. Lightwater manages two long short equity funds: the Lightwater Long Short Fund and the Nimble Fund. He spoke to us about his firm’s investment strategy and shared some of his small cap ideas. Listen towards the podcast interview with Jerome Hass:http://wpmedia.business.financialpost.com/2016/03/jerome-haas-lightwater-partners-ltd-162216-podcast1.mp3 James West is an investor and also the ...
Read More »Uber asks Toronto to emulate Edmonton’s new ride-sharing bylaw, one month after pulling out of Alberta city
TORONTO – Uber Technologies Inc. might have suspended its operations in Edmonton this month, but it is still calling on Toronto city council to emulate the Alberta capital when it votes on new ride-sharing regulations this spring. Edmonton had become the first city in Canada to legalize Uber when city council passed a vehicle-for-hire bylaw in January. The company applauded ...
Read More »Why Canadian LNG projects are inching forward despite low prices, sagging interest
Canada’s nascent LNG export industry continues to inch forward, despite low commodity prices and speculation of sagging curiosity about the country’s gas resources. How Big Oil is keeping the faith in Canada’s East Coast: ‘One from the last great undeveloped frontiers’ While exploration activity tapers off in Western Canada, major oil producers continue to keep the faith within the New ...
Read More »Starbucks Corp taking its mobile app to new heights with overseas expansion
Starbucks Corp., an innovator to get consumers to purchase products having a mobile phone, is boosting paying for digital ventures this season because it improves the capacity for its app in Asia, Europe and Latin America. The coffee chain is promoting a brand new feature, introduced last year nationwide at U.S. stores, that lets customers order and purchase beverages ahead ...
Read More »Stranded oil assets?: Not a simple yes or no
A stranded asset is definitely an investment that is obsolete before the end of their useful life, creating a financial loss for an investor who decided to learn. With the prospect of disruptive technologies like planet, and tougher GHG policies targeted at curbing using hydrocarbons, some reason that today’s oil reserves turn into tomorrow’s stranded assets. Is that this a ...
Read More »Lingo Media, Telefonica sign agreement to bring online English language training to Peru
One party is a unit of the Spanish-headquartered group that has a market cap in excess of 50 billion euros; another relies in Canada having a market cap of $25 million. Yet despite the size difference, the 2 parties, Telefonica and Lingo Media, have found enough in common to setup an industrial distribution partnership, an offer that may be announced ...
Read More »University of Toronto rejects calls to dump fossil fuel holdings, says divesting has limited impact
TORONTO — The University of Toronto has rejected recommendations to eliminate its holdings within the fossil fuel industry, but says it will consider environmental, social, and governance factors in making investment decisions. In a newly released report, university president Meric Gertler says divesting from fossil fuel companies might have limited impact because “such firms only take into account one-quarter of ...
Read More »Larry Rossy hands off CEO’s job at Dollarama to his son Neil as retailer hikes dividend on higher earnings
MONTREAL – Continuing a household legacy that stretches back more than a century, Dollarama has named the son of their CEO to accept reins at Canada’s largest chain of discount stores. Neil Rossy, Dollarama Inc.’s 46-year-old chief merchandising officer, will succeed his father, Larry Rossy, 73, at any given time when the Montreal-based clients are flying high, posting greater than expected earnings Wednesday, and ...
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