Allied Properties REIT explores selling assets worth $1.3-billion to ease debt woes after interest rates soar

Allied Properties REIT explores selling assets worth .3-billion to ease debt woes after interest rates soar

Michael Emory, CEO of Allied Properties REIT, stands in the lobby of offices on Adelaide in Toronto.Ashley Hutcheson/The Globe and Mail Office property owner Allied Properties REIT AP-UN-T is considering the sale of its data-centre portfolio, a deal that would help the commercial landlord pay down debt as it retools for a new era of … Read more

Buyer cuts $140,000 off price for Edmonton bungalow aimed for rebuild

Buyer cuts 0,000 off price for Edmonton bungalow aimed for rebuild

14303 MacKenzie Dr., Edmonton Asking price: $1,050,000 (June, 2022) Selling price: $910,000 (October, 2022) Tax: $7,263 (2021) Days on the market: 109 Listing agent: Clare Packer, Re/Max Excellence Inside, there is 1,286 square feet of living space, including a kitchen and open living and dining areas.Re/Max Excellence The action Agent Clare Packer allotted several months … Read more

Trump, adult children sued by New York Attorney-General for fraud

Trump, adult children sued by New York Attorney-General for fraud

Donald Trump along with his children Eric, Ivanka and Donald Jr. at a press conference at Trump Tower in New York, on Jan. 11, 2017.TIMOTHY A. CLARY/AFP/Getty Images New York’s attorney-general sued former president Donald Trump and his company for fraud on Wednesday, alleging they padded his net worth by billions of dollars by lying … Read more

Ottawa could lose more than $5-billion in CEBA pandemic loans to small businesses

Ottawa could lose more than -billion in CEBA pandemic loans to small businesses

Export Development Canada’s head office in Ottawa on Feb. 14, 2019.Justin Tang/The Globe and Mail Ottawa may be unable to recoup $5-billion or more of the $49-billion in emergency loans it extended to small businesses during the pandemic lockdowns, according to a government projection. The task of chasing down business owners to collect on the … Read more

King Charles to take control of royal estate estimated to be worth US$27-billion

King Charles to take control of royal estate estimated to be worth US-billion

A flag flies at half-mast above Balmoral Castle in Ballater, on Sept. 9, a day after Queen Elizabeth II died at the age of 96.ANDY BUCHANAN/AFP/Getty Images King Charles will receive a massive inheritance after his mother’s death – but it may not be as large as many people think. The British monarchy has assets … Read more

Wealthsimple valuation slashed nearly in half by largest shareholder, Power-controlled IGM

Wealthsimple valuation slashed nearly in half by largest shareholder, Power-controlled IGM

A Wealthsimple Trade app icon is shown on a smartphone on Dec. 15, 2020.Jesse Johnston/The Canadian Press The largest shareholder of one of Canada’s most prominent startups, Wealthsimple Technologies Inc., has slashed the valuation of its holding for the second quarter in a row, as technology companies continue to face growing pressure. IGM Financial Inc., … Read more

A Suncor sale of Petro-Canada would transform company, alter Canadian gasoline retail landscape

A Suncor sale of Petro-Canada would transform company, alter Canadian gasoline retail landscape

Suncor and US activist investor Elliott Investment Management Inc. announced a deal that would see the company divest the 1,500-location Petro-Canada retail network.DARRYL DYCK/The Canadian Press Suncor Energy Inc. SU-T faces a company-transforming choice: Whether to garner billions of dollars in one-time proceeds from a sale of Petro-Canada or keep reaping the long-term benefits of … Read more

Suncor to explore Petro-Canada sale as part of corporate shakeup triggered by activist investor Elliott Investment

Suncor to explore Petro-Canada sale as part of corporate shakeup triggered by activist investor Elliott Investment

Suncor Energy Inc. SU-T will explore a multibillion-dollar sale of its Petro-Canada gas-station network after appointing three new directors in a corporate shakeup triggered by US activist hedge fund Elliott Investment Management Inc. The changes at Canada’s largest oil sands producer follow the departure this month of chief executive officer Mark Little. Mr. Little resigned … Read more

These indicators will tell you when it’s time to load up on stocks again. More, China bulls make a return

These indicators will tell you when it’s time to load up on stocks again.  More, China bulls make a return

Michael Cembalest, the chairman of Market and Investment Strategy for JP Morgan Asset Management, is providing some important guideposts that will allow investors to gauge when equity markets have bottomed. In the most recent edition of his popular Eye on the Market report, he notes that US purchasing managers indices (PMIs) have been the best … Read more

As stocks nosedive, don’t lose sight of the difference between price and value

As stocks nosedive, don’t lose sight of the difference between price and value

A cynic is one “who knows the price of everything and the value of nothing.” This comment, by a character in one of Oscar Wilde’s plays, does not refer to the stock market. But it serves as a good description of what happens at times like the present. When stock market prices are rising, many … Read more