Category Archives: Economic

Money for change: Sustainable investing hits the big time

New numbers in Canada and the United States show that sustainable investing is no longer a niche trend, but rather has become a powerful force in money management that won’t be ignored. A new report from the Forum on Sustainable and Responsible Investment in the U.S. recently calculated that almost $12 trillion US is currently…

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U.K. cabinet to meet after Britain, EU reach draft Brexit deal

Negotiators from Britain and the European Union have struck a proposed divorce deal that will be presented to politicians on both sides for approval, officials in London and Brussels said Tuesday. After a year and a half of stalled talks, false starts and setbacks, negotiators agreed on proposals to resolve the main outstanding issue: the…

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Brookfield, Caisse in $13.2B US deal to buy Johnson Controls' batteries business

Brookfield Business Partners of Toronto and the Caisse de dépô​t et placement du Québec, based in Montreal, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for $13.2 billion US. The business produces batteries for automakers and aftermarket distributors and retailers. The companies say it is…

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Why Toronto won by losing the bid for Amazon's new headquarters

Toronto’s bid for Amazon’s second headquarters, known as HQ2, fell short to not just one location, but two — New York and northern Virginia according to reports — yet the Canadian city may be better off without the American giant. Amazon initially promised as many as 50,000 jobs at its HQ2 and there are reports that the company…

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Distracted too often by your smartphone? This company thinks it can help

Some of the best known companies in the world have tried — and failed — to market smartglasses to consumers, but a small Canadian company believes it’s ready to show Google, Microsoft and Sony how it’s done. “There’s a massive opportunity, really a mass-market opportunity, for a product like Focals to be successful,” said Aaron Grant, co-founder of…

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