Economic Outlook

What is Inflation?

on Thursday, 19 May 2022 8:18

It’s been almost 40 years since the world has experienced inflation the way we are experiencing it now. Today, rising inflation poses a severe risk to people’s financial future.

But what causes inflation? And how will it affect your wealth? Our good friend Neil McIver of McIver Capital Management walks us through it.

Helping with Special Olympics Golf Tournament

on Friday, 13 May 2022 11:02

As Chair of the Special Olympics Golf Tournament, which takes place on June 21st, I’m hoping you can help out by clicking here to make a donation – every little bit helps. In addition, I’m hoping that individuals and businesses might also consider donating quality Auction Items for our online auction.  Some people have already stepped up but we need many more items to make the auction a success.

If you or someone you know can help please let us know. Nothing but good will come from it. If you have any questions please contact Nina in the MoneyTalks office for more information and details. Her email is nina@ninaparente.ca.

Thanks for taking the time to read this.

Mike

P.S.  According to a recent poll 93% of the people who help with a sponsorship and donations wake up even more good looking and intelligent within 72 hours.

Help with Special Olympics Golf Tournament

on Friday, 6 May 2022 13:39

As Chair of the Special Olympics Golf Tournament, which takes place on June 21st, I’m asking individuals and businesses if they’re able to purchase a $1,500 Tee Sponsorship (which includes your signage on a hole and is 100% business expense deductible). In addition, I’m hoping that individuals and businesses can also donate quality Auction Items for our online auction.  Some people have already stepped up but we need many more items to make the auction a success.

If you or someone you know can help please let us know. Nothing but good will come from it. If you have any questions please contact Nina in the MoneyTalks office for more information and details. Her email is nina@ninaparente.ca.

Thanks for taking the time to read this.

Mike

P.S.  According to a recent poll 93% of the people who help with a sponsorship and donations wake up even more good looking and intelligent within 72 hours.

Two Canadian banks lend $1.46 billion to Musk for Twitter acquisition

Posted by Karandeep Oberoi, mobilesyrup.com

on Thursday, 28 April 2022 10:44

Following news that Elon Musk will acquire Twitter in a deal valued at $44 billion USD (about $56 billion CAD), it has been reported that the Royal Bank of Canada and the Canadian Imperial Bank of Commerce are aiding the purchase, at least in some capacity.

According to the report, Musk has borrowed about $25 billion in loans from 12 banks, out of which RBC pledged $750 million USD (roughly $955 million CAD) and CIBC put up $400 million USD (roughly $500 million CAD), totaling about $1.15 billion USD ($1.46 billion CAD) of Canadian Bank loans.

Additionally, Musk is using a 17 percent stake of his Tesla share, which is valued at around $170 billion for a $12.5 billion loan to fund the acquisition.

CIBC and RBC’s loan is the least risky for Musk since it charges the lowest-cost debt among all 12 lenders.

Musk underlined that his decision to take over the company was motivated by his desire to protect free speech…read more.

$3 billion LNG project could be a first for First Nations

Posted by Nelson Bennett, biv.com

on Wednesday, 6 April 2022 12:23

Should a new $3 billion liquefied natural gas plant in Kitimat now making its way through the BC Environmental Assessment process be approved by regulators and investors, it would be a world first.

The Cedar LNG facility would not only be the largest major industrial project built and owned by First Nations in Canada, it would also be the only Indigenous-owned liquefied natural gas export facility in the world.

The Cedar LNG project is being developed by the Haisla First Nation on fee-simple land owned by the Haisla on Douglas Channel, near the Rio Tinto aluminum smelter and LNG Canada plant, which is still under construction.

“With Cedar LNG, we have more than a seat,” Haisla chief Crystal Smith said last week at Globe Forum 2022. “We are owners, and we are setting the standards we believe in.

Compared with LNG Canada, which would export 13 million tonnes of LNG annually, Cedar LNG is modest in size. Its annual production capacity would be three million tonnes.

It wouldn’t be the first LNG project proposed by First Nations in B.C., but it might become the first to be built…read more.