https://business.financialpost.com/commodities/ottawa-to-scrutinize-chinese-acquisition-of-gold-miner-as-huawei-case-reaches-crucial-stage#comments-area
Although below the threshold for automatic review, given the recent comments by China after yesterday's Meng court decision, surely this transaction will be scrutinized to a very high degree. If not, the (state-owned) Chinese gold producer, Shandong Gold, will be able to run amok and do as it wishes in the remote north with regards to enviornment, security, 5G networks/communications and crossing Canadian borders.
Musings, opinions and views on various topics, issues, news and sometimes taking the other side of the argument
Showing posts with label @bnnbloomberg. Show all posts
Showing posts with label @bnnbloomberg. Show all posts
Thursday, May 28, 2020
Monday, March 25, 2019
What!? Are Not All Canadian Houses and Real Estate Purchased (By Foreign Buyers) With Well-Earned, After-Tax, Clean Money?
Sarcasm aside, it is about time Canadians wake up to what is happening under their noses. and realize that despite all the complaining from potential buyers, government measures, increased taxes on foreign buyers, mortgage changes and FINTRAC regulations to ease real estate and housing price inflation - IT IS OUR OWN PROBLEM that Canadians have IMPORTED due to a lack of restrictions between domestic and foreign buyers as well as a lack of checks and balances on where those funds are sourced (not just geographically, but legally versus illegally).
https://business.financialpost.com/real-estate/toronto-housing-has-become-magnet-for-money-launderers-with-28-billion-in-real-estate-bought-by-anonymous-owners-study
"...Toronto’s housing market has become a target for money laundering or “snow washing,” thanks to anonymous property ownership, weak regulation and lax enforcement, according to a new study.
Since 2008, $28.4 billion worth of housing was acquired in the Toronto region largely through private entities where owners can remain anonymous, according to a report released Thursday by Transparency International Canada, Canadians for Tax Fairness and Publish What You Pay Canada.
In that period, $9.8 billion of housing was bought by companies through cash purchases, largely bypassing anti-money laundering checks on fund sources and beneficial owners, according to the study, which analyzed more than 1.4 million residential sales dating back to 2008..."
https://business.financialpost.com/real-estate/toronto-housing-has-become-magnet-for-money-launderers-with-28-billion-in-real-estate-bought-by-anonymous-owners-study
"...Toronto’s housing market has become a target for money laundering or “snow washing,” thanks to anonymous property ownership, weak regulation and lax enforcement, according to a new study.
Since 2008, $28.4 billion worth of housing was acquired in the Toronto region largely through private entities where owners can remain anonymous, according to a report released Thursday by Transparency International Canada, Canadians for Tax Fairness and Publish What You Pay Canada.
In that period, $9.8 billion of housing was bought by companies through cash purchases, largely bypassing anti-money laundering checks on fund sources and beneficial owners, according to the study, which analyzed more than 1.4 million residential sales dating back to 2008..."
Friday, August 10, 2018
Latest Jobs Numbers in Canada: Remember That Bank of Canada Interest Rate Hike? Get Ready For a Plateau of Interest Rakes...or a Decrease...That's How Bad Things May Be
At the time of its July 11, 2018 overnight rate hike to 1.5% it almost seemed The Bank of Canada was giving itself a tool in order to decrease rates in the future as NAFTA uncertainty was ongoing, oil was rising. Now we have unattractive jobs numbers, a 5.8% unemployment rate that reporters and economists would like us to jump and down for (meanwhile in the big bad USA...~4.0%) and a Saudi political spat probably resulting in oil supply impacts to the refineries in Eastern Canada if it lasts beyond three months.
Not only is Trudeau silent on the whole affair, but no support from USA or UK proving how childish and needless this human rights hounding of a contry that will likely not change. With no economic benefits to score, only possible poll results to gain, Canadians now face the brunt of needlessly poking a holder of Canadian equities (130 points drop on the TSX the Monday after it was announced) that has claimed to be selling everything Canadian and likely will cut off oil supplies (yes Canada - oil from Saudi Arabia and such countries comes to Canada and flows down the St. Lawrence!).
"...Across the provinces, Ontario gained 60,600 jobs — all in part-time work — and the unemployment rate dropped 0.5 percentage points to 5.4 per cent for its lowest reading since July 2000..."
https://business.financialpost.com/news/economy/newsalert-canada-adds-54100-jobs-in-july-unemployment-rate-falls-to-5-8-2
Not only is Trudeau silent on the whole affair, but no support from USA or UK proving how childish and needless this human rights hounding of a contry that will likely not change. With no economic benefits to score, only possible poll results to gain, Canadians now face the brunt of needlessly poking a holder of Canadian equities (130 points drop on the TSX the Monday after it was announced) that has claimed to be selling everything Canadian and likely will cut off oil supplies (yes Canada - oil from Saudi Arabia and such countries comes to Canada and flows down the St. Lawrence!).
"...Across the provinces, Ontario gained 60,600 jobs — all in part-time work — and the unemployment rate dropped 0.5 percentage points to 5.4 per cent for its lowest reading since July 2000..."
https://business.financialpost.com/news/economy/newsalert-canada-adds-54100-jobs-in-july-unemployment-rate-falls-to-5-8-2
Saturday, August 4, 2018
Apple Apple Apple...Let's Not Forget What It Really Means in the Dow Jones (Biased) Index
With every news reporter thinking that the recent recent run up to $1.0 Trillion market capitalization for Apple is going to have an impact or is going to be the bellweather for markets, and trying to look smart my making broader market predictions, this (see below) needs to be held in front of their faces. Boeing (9.4%), at almost twice the weighting in the Dow Jones Industrial Average index, has more of an impact than Apple. Followed by United Health Group and (of course) Goldman Sachs.
Traders "wanted" to take Apple to US$1.0 Trillion out of spite and drove it up accordingly. Now we will see if this valuation is real.
(I think it is a short)
Traders "wanted" to take Apple to US$1.0 Trillion out of spite and drove it up accordingly. Now we will see if this valuation is real.
(I think it is a short)
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