A Good Day To Be Bad

It’s not just Little Wayne and Kodak Black who are feeling a little lighter today, a former Google engineer also received a Presidential pardon and Jack Ma has reemerged.
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T-MACK Holds Steady

The Bank of Canada’s Governor Tiff Macklem isn’t flinching in the face of rising COVID cases and economic skittishness, choosing to hold interest rates at 0.25%. We got your back T-MACK.
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Nice Vaccines, Shame If Anything Happened To Them

This is awkward. The same week that Canada’s Pfizer vaccine delivery is being skipped, the pharma giant is submitting a list of friendly suggestions to Canada’s Finance Committee as part of a pre-budget consultation.

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Biden's In, Trump's Out

As of 12pm EST yesterday, Joe Biden is President of the United States, and the most interesting presidency of our lifetimes comes to an end.
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Isn't That Bold

Yesterday, Bold Commerce, a Winnipeg-based e-commerce app developer announced they raised $35mil in venture capital.
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Fields of Green

Green is the new green (get it?). Montreal's Desmarais family announced that their holding company, Power Corp., is launching a $100 bil fund to invest in renewable energy.
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Gangnam Style

The Globe is reporting that a deal has been struck by South Korean internet giant Naver Corp. to acquire Toronto based Wattpad for $600mil USD.
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Cruise Control

This isn't your grandfather's Buick. For the past decade, the automotive industry has been undergoing a technological transition. Two financing events yesterday capture the shift.
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Growing Alone

It was hard to imagine around this time last year that China — where a new and concerning virus was beginning to spread — would be the only major economy to grow in 2020.

But that's exactly what happened: China reported annual GDP growth of 2.3% while the rest of the world's major economies shrunk. 
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Max Flight

Boeing received some good news yesterday: Transport Canada has cleared its 737 Max aircraft to fly in the country again. 
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Choppy Waters

A Reuters poll of 40 economists suggests Canada's economy might be in for a rough patch before recovering towards the end of 2021. 
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Keystone Kerfuffle

Incoming U.S. President Joe Biden plans to block the Keystone XL oil pipeline as one of his first acts in office, according to documents seen by the Canadian Press.
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Back In The USSR

Putin’s biggest critic voluntarily returned to Russia yesterday months after he was allegedly poisoned by agents of the Kremlin.
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Made In Canada

Ontario's auto industry has taken a lot of Ls this past decade, over the weekend we got a W. General Motors is investing nearly $1 billion to build electric vehicles in Ontario.
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Stay Home, Go Public

While I’m staying home, afraid to go out in public, The Globe and Mail reports these six Canadian tech companies are preparing for an IPO.
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Don't Sleep On It

..That’s a french joke, merci Madame Brochard.

Convenience store boss, Couche-Tard founder and Chairman Alain Bouchard, definitely couche tard over the last week as he tried and failed to save his company’s $20 bn bid to take over French grocer Carrefour.
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Go West, Young Man

Young Canadians are packing up their 300 sq. foot condos to seek simpler living and greener pastures out on the farm. 

Okay, maybe that's not quite what's happening, but it's true that millennials are bidding adieu to urban centres in record numbers. 
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Spoiled Oil And Soil

Calgary based energy company Aeraden Energy Corp. has been leaving behind quite a mess.
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Growing Out Of Debt

Former Bank of Canada governor Stephen Poloz has a suggestion for how to manage the country's debt: grow the economy. Interestingly, this mirrors my own personal financial strategy (step 1: make more money).

What he said: Speaking at a Western University biz school event, Poloz said "if economic growth is faster than the rate of interest, then the base you’re taxing keeps growing faster than your interest payments, and gradually your debt declines as a share of GDP and your ability to finance it."
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Going Nuclear

The Founder and CEO of Shopify is deploying the nuclear option. Literally. Ottawa-darling Tobias Lütke's investment firm announced that they're making an investment in nuclear energy startup General Fusion.
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