What does a 36 day election campaign get us? Answer: another $600 million in debt, politicization of the pandemic, a nation further divided and not much else.
Next Tuesday, September 21st at 11am, Plurilock Security CEO Ian Paterson will expand on his conversation with Michael Campbell on this week’s MoneyTalks show with a presentation showing investors how and why they should consider participating in the booming sector of CyberSecurity.
A must see for anyone considering adding FinTech or Crypto exposure to their portfolio. Ian will also update investors on Plurilock’s huge revenue surge and successful expansion into the US. CLICK HERE to register – access is limited so sign up early.
Canadian billionaire Jim Pattison warns that recent policy proposals to tax the wealthy may lead to investment fleeing Canada, and make it harder to tackle current labour shortages.
“The people that are in business, they invest money which creates jobs,” Pattison said in a wide-ranging interview on Thursday. “They should pay their fair share, but there’s other alternatives. The government is taxing people that have money [and who] will go someplace else, like the United States or somewhere.”
Pattison’s message to the government is simple: encouraging investment will create jobs needed to help ensure Canada’s economy will see a strong recovery from the COVID-19 pandemic.
“Capital goes to where it’s friendly to capital,” he added. “The more you hit capital, they’ll find a place that’s more favourable in most cases, but capital creates jobs handled in a proper way.”…read more.
First Announced in July, the Ksi Lisims LNG Project in BC is a 12 million tonne per year project planned for the northern tip of Pearse Island by the Nass River, north of Prince Rupert BC. The project is a collaboration between the Nisga’a Nation, Rockies LNG, and Western LNG LLC.
In the latest development, the Impact Assessment Agency of Canada is inviting the public to review the summary of the initial project description and provide feedback related to the proposed project until September 25, 2021.
“The driving force was our desire for sustainable economic activity. The Nisga’a Nation has been actively pursuing LNG development since 2014. Back then, there was a lot of attention given to LNG. The Nisga’a Nation saw opportunities at the very outset when we perceived the capacity for LNG in our northern area.”
In 2014, demand for natural gas in Asia was still booming in the wake of the 2011 Fukushima nuclear disaster. Optimism that Canada was well-positioned for LNG projects having a short shipping route to Asian markets was prevalent even though some analysts doubted how long the demand surge would last…read more.
Inflation rose faster than expected in August.
Statistics Canada says the Consumer Price Index (CPI) rose 4.1 per cent on a year-over-year basis in August, more than the 3.9 per cent that was expected.
It’s also the fastest pace since March 2003 and up from 3.7 per cent in July.
Prices rose in seven of the eight major components.
Getting around was particularly costly. Gasoline prices were up 32.5 per cent compared to the previous year due to lower production than pre-pandemic. As restrictions eased and people started taking more trips, the traveller accommodation price index rose 19.3 per cent…read more.
Martijn van den Bemd, GM of Adcore (TSX:ADCO) joins Mike to share some ideas on investing in cutting edge EdTech and the growth prospects for the sector.