In Canada, Prime Minister Mark Carney is set to unveil a new cabinet tasked with an ambitious economic agenda, including removing internal trade barriers and reorienting exports away from the US. Home sales for April will offer insight into a spring slump, while Ontario, the country’s most populous province, releases its budget.
Now, however, Wall Street’s leveraged finance desks, which chased fee-rich deals to reel in a third of investment-banking revenue in recent years, are in no mood to fritter away some of their edge like they did in 2022. After taking losses on “hung deals” back then, they came to regret their reluctance to back acquisitions […]
Two years ago, the country’s population grew 3.1%, a rate not seen since the 1950s, largely due to an influx of foreign students and temporary workers. But last year, as it became clear the housing supply and the health care system were straining from this growth, the federal government enacted measures meant to stem the […]
The program to accept Canadian currency, called “Open Arms for Our Canadian Friends,” includes hotels, restaurants and even transportation companies like FRS Clipper, a boat service between Seattle and Victoria, British Columbia, as well as Kenmore Air, which runs seaplanes between Washington State and western Canada.
Political alignments “can shift and reshift” before then, said Dean Dulay, assistant professor of political science at Singapore Management University. “This midterm election may introduce new players in the Senate, but political maneuverings render them up for grabs,” he said, as it “sets the stage for the long game that is 2028.”
In many cases, pressure from investors, or just mere fear of it, works as a catalyst for MBOs. In March, Topcon Corp got a management buyout offer, which valued the optical equipment maker at about ¥358 billion. The deal came on the heels of calls from US activist investor ValueAct Capital for the company to […]
“The president continues to roll back environmental and climate change protections, this time illegally stripping away billions of dollars for electric vehicle charging infrastructure, all to line the pockets of his Big Oil friends,” California Attorney General Rob Bonta said in a statement. New York, Washington, Colorado and Oregon are part the coalition that filed […]
The CFTC in August 2023 sued My Forex Funds and its chief executive officer, Murtuza Kazmi, accusing the firm of operating a large-scale, Ponzi-like scheme. The firm allegedly reaped hundreds of millions in profits, with the CEO buying a $1.6 million Lamborghini Aventador and a multimillion-dollar estate in Canada, according to the CFTC.
“This government doesn’t give a damn about working people,” Farage, whose party topped the polls in local elections last week, said in a video on X. “The Labour Party have this time, in a big, big way, betrayed working Britain. This deal is truly appalling.”
If public markets sour, there should be plenty of opportunities in private markets, especially beyond traditional direct lending, according to the CEO of Canada’s Public Sector Pension Investment Board, Deborah Orida. She said the board may shift money from public markets into private credit assets like infrastructure, which should prove especially resilient if inflation picks […]