Canada is at a critical juncture

Banking, online shopping and social media are the future, but how many of the companies dominating these fields are Canadian? Source: Financial Post In the midst of any crisis, one of the most important lessons I’ve learned is that one always has a choice — you can either move forward in a new direction or…

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Canada should follow U.S. Treasury’s lead and issue 20-year bonds, Sun Life says

Sun Life Financial Fixed Income Portfolio Manager Randall Malcolm suggests Canada should begin issuing 20 year bonds, following the lead of the US Treasury with its own plans to do so. Source: Financial Post Canada should follow the U.S. Treasury’s lead and issue 20-year bonds, according to Sun Life Financial Inc.’s asset management unit. Debt…

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‘Starting to wobble’: Fidelity manager sees risk in Canadian economy, stocks – BNN Bloomberg

Fidelity underweighting Canadian investments amid concerns economy facing greater risks relative to other parts of the globe. Source: Bloomberg News A money manager at one of the world’s biggest investment firms says Canada is currently riskier than other parts of the world, and as a result his company’s funds are underweighting Canadian investments. The Canadian…

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Five reasons financial services professionals should move to Toronto

 Toronto’s Financial District is an untapped opportunity for the financial industry as Canada’s Big Five banks are gearing up to make Toronto the centre of fintech. Source: eFinancialCareers Whether you work on Wall Street or elsewhere, you may want to consider a move to Bay Street, the center of Toronto’s Financial District. Why? Here are the…

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Wattpad, Wealthsimple and Overbond Join The Upside Foundation’s 150×150 Challenge to Canadian Startups to Give Back

 Over 75 Canadian startups have already pledged to donate equity to charity.   TORONTO, ON, April 4, 2017 — Today The Upside Foundation, a national charity that makes it easy for early-stage or high-growth Canadian companies to give back in a meaningful way, announced the launch of their campaign, 150×150: Turn Equity Into Charity. The…

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Overbond featured in MaRS Canada’s Fintech Landscape Infographic

Source: MaRS blog: A 5-year look at fintech in Canada [infographic] Fintech companies in Canada are reimagining how we access and spend our money, as well as changing the way that banks and financial organizations interact with consumers. And investors are buying into their innovative solutions. From bank account security software that uses biometric identification…

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Canada to sell record amount of bonds — $142 billion — to fund budget’s deficit-fueled spending promises

Canada’s federal government will issue $142 billion of bonds next fiscal year, $7 billion higher than the previous year’s record, to finance its growing budget deficit Source: Financial Post The amount eclipses the previous year’s record of $135 billion, which was revised up from a projected $133 billion. The bulk of the issuance will be in…

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Canada’s Big Bet on Stimulus Draws Global Attention

Trudeau government bets big on infrastructure investment amid rout in commodity prices Source: The Wall Street Journal In the global struggle to boost growth, a Canadian experiment in fiscal spending is providing a test case for some of the world’s biggest economies. Prime Minister Justin Trudeau’s Liberal government unveiled a plan last spring to spend heavily…

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