‘Making the rich pay’ doesn’t pay

Ottawa does not fully understand the consequences of its policy

‘Making the rich pay’ doesn’t payBy Nathalie Elgrably-Levy and Valentin Petkantchin The federal government’s new luxury goods tax, which took effect on September 1, targets luxury cars, private jets and yachts. Without originality, it is part of the traditional logic of taxation which aims to “make the rich pay.” However, we often forget the economic, indirect and longer-term effects, which…

The marginal returns of ESG investing hurt us all

The first problem with ESG is the lack of firm, objective, and uniform standards, criteria and targets

The marginal returns of ESG investing hurt us allThe adoption of environmental, social and governance (ESG) standards by institutional investors is ultimately a form of woke and green social credit scoring for corporations. It is meant to cajole, if not compel, investible companies to adhere to rigid rules and criteria established by investors or outside entities, such as consultants, to satisfy so-called climate…

App uses artificial intelligence to track healing wounds in real time

U of A engineering students beat out 3M and others with an invention that lets patients know when to seek care

App uses artificial intelligence to track healing wounds in real timeThree University of Alberta engineering students have developed a mobile app that tracks the progress of a healing wound. The app calculates whether treatments are working as they should based on descriptions of size, depth and shape along with more subjective impressions of pain and irritation, says programmer Connor Povoledo. Accurate tracking can predict infection…

Startup 101: I’ve been funded… what now?

The journey for your startup is just beginning

Startup 101: I’ve been funded… what now?Yipee! Your startup has been funded. You suddenly have sufficient capital to put in motion the plans your pitch deck promised your new investors. Term sheets negotiated, first wired funds received, shares issued. So, now what? The world of startups is filled with cautionary tales of startups which can’t seem to navigate the new world…

Bad central bank policy has us heading toward a recession

The next few months may only bring stagnation but a full-blown recession is more likely

Bad central bank policy has us heading toward a recession‘Financial repression’ refers to governments or central banks, such as the Bank of Canada or the U.S. Federal Reserve Board, intervening in financial markets to suppress interest rates. Central banks have been intervening for nearly two years, causing a serious disruption in the financial markets. The official rates of the Bank of Canada and the Federal…

Canadian siblings moulding their own niche in the sport board industry

A six-year obsession finally pays off

Canadian siblings moulding their own niche in the sport board industryEver been in business with a spouse? How about a sibling? How about three siblings, all brothers? Daunting as that sounds, it is a successful business recipe employed by the Brothers Schroenn (Justin 56, Matthew and Gareth, 49) as they attempt to transform the world’s aquatic recreational market. The trio is inventor/creators of SWMBRD –…

Dovetail Project’s Scott Crews is on the hot seat

Specialties include commercial interiors, new building design builds, financial interiors, commercial exterior renovations

Scott Crews, President of Dovetail Project, gets on the hot seat and answers some rapid-fire questions! How did he do? Comment below! OUR HOST Bruno Lindia has been referred to as the “Professional People” expert. He has interviewed over 150,000 professionals from all walks of life. As a syndicated host since 2018, Bruno produces a…

Think the oil industry is dying? Think again

Lack of investment in the industry could lead to an energy crisis

Think the oil industry is dying? Think againLed by kingpin Saudi Arabia, oil-producing nations are gaining confidence and delivering a message: the oil era is far from over. Last week, Saudi Petroleum Minister Prince Abdulaziz bin Salman warned that global oil production could drop by a massive 30 million barrels per day (bpd) by 2030. That’s around 30 per cent of the…

Competition is Heating Boiling Point for Online Trading Apps in Canada

Competition is Heating Boiling Point for Online Trading Apps in CanadaRobinhood feels although it’s an extremely young start-up - most people had never heard of it until the Pandemic hit. More experienced traders were likely to use more comprehensive trading platforms with more charting and infrastructural capabilities, whilst many current Robinhood users had never heard of any trading platforms prior to signing up. The app…

Why millennials prefer do-it-yourself investing

Online financial education is changing the game, threatening to impact financial advisers

Why millennials prefer do-it-yourself investingOne-third of Canadian millennials prefer going solo when it comes to managing and investing their money. Online financial education and tools are changing the rules of the game, threatening to affect financial advisers in the same manner emails impacted mail carriers. A recent poll conducted by Finder.com revealed that 33.7 per cent of millennials prefer…
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