Friday morning news reads
What Low-Paying Fixed Income Still Gives Us: Ballast Despite small interest payments and not much price appreciation potential, many investors say it does deliver in this one area. (CIO)
Their noses paid the bills. Then Covid took their sense of smell As many as half of Covid-19 sufferers lose their sense or smell or taste. For master sommeliers and professional bakers, it could spell the end of their careers (Wired)
Why the U.S. isn't in desperate need of the Keystone XL pipeline U.S. President Joe Biden fulfilled a campaign promise by scuttling the 1,897-kilometre pipeline (CBC)
CFO Roundtable 5 lessons from the Pandemic that will shape Ontario’s economy In late July 2020, Carol Wilding, CEO of CPA Ontario gathered some of the province’s most senior business leaders from a cross section of industries for a virtual roundtable discussion. She asked them to share their experiences off the record, but with the intention that their strategic insights about how to survive and thrive throughout the pandemic would be distilled and shared with CPA Ontario members. (CPA Ontario)
Progress on anti-money laundering efforts, but no additional RCMP resources: B.C. attorney-general More than 20 months after the federal government promised to provide additional police resources to help investigate money laundering in the province, it has not done so, according to B.C. Attorney-General David Eby. (Vancouver Sun)
Unbreakable Canadian Housing? The past year has displayed in glorious detail just how hard it is to keep the Canadian housing market down—even a global pandemic couldn’t knock it off its perch. While much of the rest of the economy struggled with the deepest downturn of the post-war era, Canadian home sales and prices hit record highs, while starts churned out shockingly solid gains. Suffice it to say that this was diametrically opposed to what the conventional wisdom expected for the housing market during the depths of the spring lockdown, including an official call for a double-digit price decline. Instead, residential investment—which includes new building, renovation activity, and sales costs—was a rare source of growth. And it looks set to remain robust in 2021. (BMO)
Asset Bubbles…
