Description: Dorel Industries Inc. is selling its sports division to Dutch transportation conglomerate Pon Holdings B.V. for US$810 million as the Montreal-based company looks to reduce its debt load. Source: BNNBloomberg.ca – video report Date: Oct 12, 2021 Link: https://www.bnnbloomberg.ca/dorel-selling-bicycle-business-for-us-810m-shares-soar-1.1665168 Questions for discussion: Explain why this sale by the firm makes sense as a defensive… Read more »
Posts Categorized: Financial Planning
Blackstone’s Jon Gray Says It’s a Good Time to Sell Assets
Description: (Bloomberg) — Blackstone Inc. President Jon Gray said his $684 billion investment firm has been selling assets to take advantage of liquid markets. Source: Yahoo.Finance.com/Bloomberg.com Date: Oct 04, 2021 Link: https://finance.yahoo.com/news/blackstone-jon-gray-says-good-161656006.html Questions for discussion: What is Jon Gray doing with assets and why? Do you agree with this line of thinking? What would you… Read more »
COVID-19 variants pose risk to Air Canada’s stock: analyst
Description: Air Canada’s stock (AC.TO) has been on a run since hitting pandemic lows last year, up nearly 96 per cent since March 2020 as of Tuesday, but one analyst says the Delta variant poses heightened risk to the airline’s recovery. Source: Yahoo.Finance.com – video report Date: Oct 05, 2021 Link: https://ca.finance.yahoo.com/news/covid-19-variants-pose-risk-to-air-canadas-stock-analyst-173501182.html Questions for discussion:… Read more »
Shares of Hertz jump after appointment of ex-Ford CEO Mark Fields as interim CEO
Description: Shares of Hertz Global on Tuesday were up by as much as 13.3% after the car rental company named former Ford CEO Mark Fields as its interim chief executive officer. Source: CNBC.com – video report Date: Oct 05, 2021 Link: https://www.cnbc.com/2021/10/05/hertz-names-ex-ford-ceo-mark-fields-as-interim-ceo.html Questions for discussion: Why did the stock price jump? Do think the firm can recover?… Read more »
U.S. Investors See Passive Investing as Path to Wealth
Description: WASHINGTON, D.C. — Despite the proliferation of online brokerage websites and apps that can facilitate frequent trading, U.S. investors — which Gallup defines as adults with at least $10,000 invested in stocks or bonds — are drawn mainly to hands-off investing strategies. Source: Gallup.com Date: Sep 20, 2021 Link: https://news.gallup.com/poll/354821/investors-passive-investing-path-wealth.aspx Questions for discussion: What… Read more »
Caisse de dépôt to exit oil production by end of next year in new climate strategy
Description: Caisse de dépôt et placement du Québec is ramping up its targets in reducing the carbon emissions footprint of its investment portfolio, including exiting oil production by the end of next year. Source: FinancialPost.com Date: Sep 28, 2021 Link: https://financialpost.com/investing/caisse-de-depot-to-exit-oil-production-by-end-of-next-year-in-new-climate-strategy Questions for discussion: What is driving this decision by the Caisse? Do you think… Read more »
Here’s how inflation is hitting the online prices of everything from apparel to furniture
Description: Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights. Source: CNBC.com – video report Date: Sep 15, 2021 Link: https://www.cnbc.com/2021/09/15/how-inflation-is-hitting-online-prices-of-apparel-to-furniture.html Questions for discussion: How would you explain the distribution of price changes by… Read more »
Broadway is back — are high ticket prices, too?
Description: Even after an 18-month pause, the show must go on. Several Broadway productions are reopening this month, a crucial step in New York City’s road to recovery from the COVID-19 pandemic. On Tuesday, the Great White Way welcomed back such fixtures as “Hamilton,” “The Lion King,” “Wicked” and “Chicago.” Source: MarketWatch.com Date: Sep 15,… Read more »
Skilled Workers Are Scarce, Posing a Challenge for Biden’s Infrastructure Plan
Description: One estimate says the bill would add $1.4 trillion to the U.S. economy over eight years, but without enough workers, efforts to strengthen roads and public transit could be set back. Source: NYTimes.com Date: Sep 10, 2021 Link: https://www.nytimes.com/2021/09/09/us/politics/biden-infrastructure-plan.html Questions for discussion: What does the report say about the impact scare skilled workers is… Read more »
Opinion: Bank of Canada sending retirement savers to the wolves
Description: It’s up another rung on the risk ladder for retirement investors who need growth to get their portfolios to those sunset-sailboat retirements in the brochures. Source: BNNBloomberg.ca – video report Date: Sep 10, 2021 Link: https://www.bnnbloomberg.ca/opinion-bank-of-canada-sending-retirement-savers-to-the-wolves-1.1650426 Questions for discussion: Summarize the financial risks facing retirement aged investors? What is the advice presented in the… Read more »
