Category: Economy

Economy1 Comment

Two million people are expected to leave in Canada’s immigration reset

Colin Henderson

Two million people are expected to leave the country in Canada’s immigration reset. What if they don’t? Economists and lawyers warn that Ottawa’s goal to curb population growth in such a short time will create chaos and confusion in a system already on the edge Author of the article: Naimul Karim Published Dec 19, 2024  •  Last updated 4 days ago  •  10 minute read 167 Comments Article content Despite moving to Canada from India in 2018 as an international student and receiving a work permit upon graduating two years later, Dinesh* lives in Ontario today as a visitor even though that was obviously not … Continue reading Two million people are expected to leave in Canada’s immigration reset

Economy1 Comment

Election Live Updates: Trump Empowers Musk and Ramaswamy to Overhaul Federal Government

Colin Henderson

Among a blizzard of announcements on Tuesday, the president-elect said he had chosen Elon Musk and Vivek Ramaswamy, two of his most prominent wealthy backers, to lead what is being called the Department of Government Efficiency. Get notifications for updates on this story. Pinned Updated Nov. 12, 2024, 10:10 p.m. ET30 minutes ago Michael D. Shear and Eric Lipton Here are the latest developments. President-elect Donald J. Trump is turning to two of his most prominent wealthy backers, Elon Musk and Vivek Ramaswamy, to overhaul the federal government, saying on Tuesday that they would lead what he called the Department of Government Efficiency. Calling … Continue reading Election Live Updates: Trump Empowers Musk and Ramaswamy to Overhaul Federal Government

Canada, Economy

Financial planning in Canada is a mess

Colin Henderson

This from the Financial Post confirms planning is not co-ordinated at all and hardly considers black swan events. Financial Post FP Posthaste Nov 01, 2024 The third quarter has been a real thorn in the side of the Bank of Canada when it comes to trying to pin down gross domestic product, and the latest data is only causing policymakers more grief. In the central bank’s October Monetary Policy Report (MPR), it forecasted third-quarter GDP of 1.5 per cent, a big drop from its 2.8 per cent estimate in July. After the GDP data release on Thursday, the central bank’s … Continue reading Financial planning in Canada is a mess

africa, Economy

On The Payments Ecosystem And Africa:

Colin Henderson

On The Payments Ecosystem And Africa: ‘That’s Disruption, That’s Power, That’s Inclusion’ RAGHU MALHOTRA (PHOTOS BY AJEESH LOTUS) Published 3 days ago https://www.forbesafrica.com/ceo-strategies/2024/10/16/ceo-strategies-thats-disruption-thats-power-thats-inclusion/ By Renuka Methil With Mastercard for almost a quarter of a century now, is well-versed with the digital payments and financial services landscape. As the president of global enterprise growth, he divides his time between Dubai and London. Here, he imparts some of the learnings from his vast stints in the African continent, and what he thinks the future holds. Growth outlook for Africa If you [look at] macroeconomics, it’s no longer one or two countries driving the continent’s … Continue reading On The Payments Ecosystem And Africa:

Business Models, Economy

Chief executives at major Canadian companies are looking to mergers and acquisitions for growth, according to a recent survey from KPMG International Ltd.

Colin Henderson

Its annual CEO outlook said 41 per cent of Canadian CEOs are likely to make an acquisition that would significantly impact their operations. Only nine per cent are unlikely to make an acquisition at all. Nine in 10 chief executives of large corporations have a high to moderate desire to acquire when the timeline is broadened to three years, and 40 per cent are mulling major deals. A similar survey of small and midsized businesses (SMBs) said just 34 per cent of them are looking at acquisitions. “As the cost of capital eases, investors and corporates are becoming more confident about … Continue reading Chief executives at major Canadian companies are looking to mergers and acquisitions for growth, according to a recent survey from KPMG International Ltd.

AI, Business Models, Economics, Economy

Population shrinkage and the challenge to mitigate impacts on growth

Colin Henderson

Follow up to the NY Times piece ” Can the Government get people to have more babies?” See link at Population 2050. Population 2050 The previous post describes the political backdrop to the shrinkage in population overtaking the large western economies. Why should countries care about shrinking populations at a time of climate change, increasing risk of nuclear catastrophe and the prospect of artificial intelligence taking over jobs? At a global level, there is no shortage of people. But drastically low birthrates can lead to problems in individual countries. At first glance population in times of fewer jobs, climate change and geopolitical turmoil … Continue reading Population shrinkage and the challenge to mitigate impacts on growth

Business Models, covid, Economy

Hybrid working in global cities: how does London’s return to the office compare? 

Colin Henderson

#Productivity  #The Future of Work  Hybrid working in global cities: how does London’s return to the office compare? Toronto is behind the rest of world.  Workers in central London continue to return to the office, though not as quickly as in other global competitor cities, raising concerns about future economic growth.  Blog post  published on 3 September 2024  by Rob Johnson Workers in central London continue to return to the office, though not as quickly as in other global competitor cities, raising concerns about future economic growth.  It seems that reports of the death of the office have been greatly exaggerated. This was clear last year, where a Centre for Cities’ … Continue reading Hybrid working in global cities: how does London’s return to the office compare? 

Economy

Growth indicator – AUM and broker revenue

Colin Henderson

Even with markets in ascent, asset managers’ revenues have flatlined. But the evolution of balance sheets among banks, insurers, and high-net-worth individuals could unlock the next wave of growth. DOWNLOADS Article (21 pages) The North American asset management industry faces a conundrum. The 2023 recovery appears to be accelerating in 2024, but the industry has struggled to regain its financial footing. Revenues have stagnated amid outflows from higher-fee active equity mutual funds and a period of adjustment in the private markets. And profitability has remained under pressure amid rising costs. The good news: lifted by strong market performance and healthier … Continue reading Growth indicator – AUM and broker revenue

Economy

Bloomberg Open

Colin Henderson

IMG:https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iYWE2PGbxbhY/v0/-1x-1.png Spotlight A $2 trillion reckoning looms as ports become pawns in geopolitics. The gateways to global trade face costly conversions to retool in a new era of rivalry, automation and green energy. The complicated strategies at play are underscored by the fact that of the world’s 10 biggest container ports, seven are in China and none are in Europe or the Americas. Continue reading Bloomberg Open

Economy, Geopolitics

Children of Men

Colin Henderson

August 21, 2024 at 2:17 AM EDT By John Authers John Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.” Save To get John Authers’ newsletter delivered directly to your inbox, sign up here. https://www.bloomberg.com/opinion/articles/2024-08-21/baby-bust-pricing-in-the-decline-in-fertility-gains-urgency?srnd=opinion Fertility is a painful and emotive topic. Republican vice-presidential candidate JD Vance’s criticisms of “childless cat ladies” have landed him in political hot water; some 30 years ago, the British novelist P.D. James penned a terrifying novel, later followed by a film, The Children of Men, imagining a society 25 years after the last … Continue reading Children of Men