Robots are expected to revolutionize physical labour, and more
The BoC will hold its benchmark interest rate at 0.5% through the year even as the Fed hikes rates more than once, a CIBC economist predicts. That’s because the BoC is intent on a weaker loonie to support exports, says Benjamin Tal, deputy chief economist of CIBC World Markets. In a speech at the Canadian […]
Hoping to capitalize on technological disruption? Consider investing in robots
The abundance of investment advice online has been a steady force behind client migration toward self-directed investing. Now an Australian financial data startup, Simply Wall St, is taking a run at the Canadian market, hoping investors will pay annual subscription fees for access to market data, infographics and equities analysis. Simply Wall St launched in […]
Investment managers from BMO and Wealthsimple offered tips
Two energy market strategists say they wouldn’t buy into the Saudi Aramco IPO, calling the business too opaque.
What that means for clients
Freshii Inc.’s initial public offering tapped into the rapidly growing fast-casual restaurant sector, an area expected to see more startups acquired and further IPOs over the next couple of years. The IPO raised more than expected for Freshii, as its initial plan to sell shares for $8.50 to $10 each was revised up to $11.50 […]
Wealthsimple has confirmed it is expanding to the United States. The robo-advisor, which offers services through an app, website and by telephone, on Tuesday announced a full expansion into the U.S. market with fresh financing of $20 million from Power Financial Corp. Although early U.S. users will likely be Canadians living south of the border, […]
Dozens of small firms have either gone out of business or been swallowed up by acquisitions in recent years.