I’ve written a blog post about the Trudeau Liberals’ recently-proposed speculation tax on residential real estate owned by non-resident, non-Canadians. The full blog post can be accessed here. Nick FalvoNick Falvo is a Calgary-based research consultant with a PhD in Public Policy. He has academic affiliation at both Carleton University and Case Western Reserve University, and is Section Editor of […]
Read moreToday’s Globe and Mail features an article about the University of Toronto’s plan to turn “to the private sector to solve their campus housing problems” for students. In particular, the article refers to a plan whereby the U of T would become “the first university in Canada to erect a large tower offsite with private money.” According to the article, […]
Read moreWas it just me or did others get a nagging feeling about the intent behind Air Canada’s surprise announcement of 2,000 layoffs yesterday? The media coverage played along the lines of their press release, with a strong focus on the rising cost of fuel. This is certainly an issue, together with the impact of the higher Canadian dollar and the […]
Read moreToday’s Globe and Mail (Report on Business, p. B4) reports that when (technically, if) BCE Inc goes private as a result of the sale to the Ontario Teachers Pension Plan led group, interest-bearing debt will likely rise from $12 Billion to some $38 Billion, according to Chris Diceman of the Dominion Bond Rating Service. That would more than triple BCE’s […]
Read morehttp://www.ituc-csi.org/spip.php?article1231 Brussels, 21 June 2007: Launching a new report “Where the house always wins, Private Equity, Hedge Funds and the new Casino Capitalism†the world’s peak trade union body, the 168 million-member International Trade Union Confederation (ITUC), today issued a global warning to pension funds over investment in private equity and hedge funds. At its biannual General Council meeting, top […]
Read morehttp://business.guardian.co.uk/story/0,,2100771,00.html Interesting piece on the fortunes being made at Blackstone as the private equity kings take themselves public. CEO Schwarzman made $398 Million last year, and will trouser $449 Million when they go public on top of his continued stake in the business, valued at a staggering $7,700 Million.
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