I can remember being at a conference back in 2005, where a fellow attendee from the Export Development Corporation of Canada took one look at the Sony Ericcson touch phone I was carrying and said “you’re Canadian: you should be using a Blackberry”.
The theoretical principles of real estate investments and market-traded financial assets are extremely similar, yet they seem to attract fundamentally different investors. Real estate arguably attracts a pragmatic and entrepreneurial investor, while stock market investors seem to be more theoretical and managerial. Having received a formal education in Finance, I was once a believer in the almighty stock market; I am now somewhat of an apostate.
Is there an anonymous, free, and untrackable virtual currency currently making its sweep across the World Wide Web? It is not quite this simple, but Bitcoin is poised to become the next big thing in computing and finance.
Porter Airlines is joining the big league. Or at least it is acting like it wants too. If one measures big league playing by the game Robert Duluce is talking than his airline is definitely a big leaguer. Robert Duluce is gambling big with his new proposal to purchase up to 2.29 billion dollars worth of Bombardier C Series jets. The order is conditional on obtaining permission to fly the jets out of Toronto’s Billy Bishop airport and on that airport expanding it’s main runway by 168 meters on both ends.
Spring: the time in Canada when people think about moving to a new house, when graduating students go looking for the pot of gold at the end of their academic rainbow, and when workers tired of the nonsense at the place they work think about changing jobs to enjoy someone else’s nonsense for a change.
Even after having been debunked countless times over, utterly erroneous conclusions about the poor’s well-being have yet again stolen the show because of a spiffy video making its way around the web.
Monday saw the end begin for the familiar penny. Merchants are still adjusting: while the instructions to most cashiers is to accept pennies if offered but not to hand them out (rounding the change), most people operating tills still have their habits firmly in place. If the “change required” requires pennies, they’re handing them out (while they still have them).
A simultaneous fit of euphoria and vertigo weakens your knees as you gaze out the living room window of a brand new 22nd floor luxury penthouse. “This is the chance of a lifetime’’ your real estate broker declares cogently. Your significant other turns to you and grins approvingly; “I love it, honey”. Amidst the flood of emotions and peer pressures, you manage to clear your head and ask yourself one sobering question – is this a good long-term investment? Well, considering that homeowners usually depend on large capital gains to grow their nest-eggs, maybe not.