Day: 17 February 2021

The hidden costs of feel-good stocks

Editor
The hidden costs of feel-good stocks
  WINNIPEG – The stakeholder-shareholder debate in finance has narrowed down to a false dichotomy between good capitalism and bad capitalism. Good capitalism means funding green energy to fight global warming, while bad capitalism means investing in fossil fuels, tobacco, or other “sin stocks.” However, the economic downturn should be a wake-up call to investors regarding the hidden costs of... Read More

Insurers walking away from oil sands projects defies logic

Editor
Insurers walking away from oil sands projects defies logic
  EDMONTON – Over the past two years, three insurance companies from Europe – Axa, Zurich and Swiss Re – announced plans to stop insuring Canadian oil sands projects, and reduce or entirely eliminate investments in the oil and gas sector. The reason offered is the standard refrain: assumed higher carbon emissions per barrel of oil in Canada. That ostensible... Read More

New mortgage lending hits record high during pandemic, StatCan study

Editor
New mortgage lending hits record high during pandemic, StatCan study
  OTTAWA – Mortgage borrowing reached record highs in 2020, with households adding nearly $108 billion in mortgage debt, compared with less than two-thirds of that amount in 2019 and just under $46 billion in 2018. Despite the economic upheaval caused by the pandemic, expected credit losses on mortgage loans remained slight, accounting for 0.1% of mortgage debt as a... Read More

US companies raised $145.3B through IPOs in 2020, the highest value in twenty years

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US companies raised $145.3B through IPOs in 2020, the highest value in twenty years
  LONDON – The year 2020 was a fantastic year for IPO investors who benefited from both the number of IPOs and their outsized average returns, despite the pandemic. In the United States, initial public offerings hit a new record. According to data presented by Stock Apps, US companies raised $145.3bn through IPOs last year, the highest value since 2000. Value... Read More

ElectraMeccanica continues retail expansion campaign, seven new locations

Editor
ElectraMeccanica continues retail expansion campaign, seven new locations
VANCOUVER – ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) a designer and manufacturer of electric vehicles, today reported the expansion of its retail footprint into seven additional locations along the West Coast of the United States. These direct-to-consumer retail centers include the company’s first locations in Colorado and Washington as well as additional locations in California, Arizona and Oregon. Following the opening... Read More