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The Secret Broker

By Tony Jiao, Staff Writer Henry Ford, the founder of the Ford Motor Company, famously said that, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”  In an increasingly technologically advanced world of finance, this quote holds truer than ever before. From the … Continue reading The Secret Broker

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New Omicron Variant Shakes Markets

By Johanna Fernandes, Staff Writer Risk assets tumbled Friday off the news of the B.1.1.529 Covid-19 variant, named Omicron, from South Africa. The World Health Organization (WHO) has designated Omicron as a Variant of Concern, as it is regarded as more contagious than the Delta and somewhat more resistant to vaccines. While markets faced a huge selloff Friday, the long-term outlook depends on how the … Continue reading New Omicron Variant Shakes Markets

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Nasdaq Closes at Record High

By Jonathan Paglialunga, Director of Operations Wall Street is displaying some concern with the increase in COVID-19 cases overseas amid potential European lockdowns due to their inability to contain the fourth wave. Market professionals are uneasy that an increase in cases could result in another pandemic winter which could be a key factor in reshaping the nation’s economic recovery. This negative thought process is the … Continue reading Nasdaq Closes at Record High

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Holiday Shopping Horrors

By Forrester Sorensen, Staff Writer For many Canadians, the holidays can be an emotional and financially stressful time. Unfortunately, as the first signs of winter reveal themselves signalling the beginning of the holiday season, it is evident that the global supply chain will be adding to people’s holiday headaches this year. Supply Chain Issues The disrupted international supply chain has resulted in uncharacteristically long wait … Continue reading Holiday Shopping Horrors

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The Power in ‘Boring’ Investing

By Ethan Currie, Staff Writer Albert Einstein once said, “compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” Despite the lack of excitement that traditional index fund or exchange-traded fund (ETF) investing shows, the results can be anything but boring. The best way to ensure consistent investment returns over a long-term horizon is to … Continue reading The Power in ‘Boring’ Investing

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Apple Joins the Right to Repair Movement

By Runisan Natheeswaran, Staff Writer The ability to repair your devices through a third party or by yourself has been a long and painful process for many people. Apple products have been notoriously known for their lack of repairability, with many consumers being forced to replace the product completely or to fix it through Apple or an Apple-affiliated servicer for an expensive price tag. However, … Continue reading Apple Joins the Right to Repair Movement

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Macy’s Multiplies

By Isabella Diez, Co-President Macy’s has recently received a suggestion to separate their e-commerce operations from their physical retail stores, but the response has not been positive. Saks Fifth Avenue, owned by Hudson’s Bay Company (HBC),  split into two companies earlier this year. This development resulted in keeping the e-commerce operations separate from brick and mortar.  Macy’s now is being influenced to do the same.  … Continue reading Macy’s Multiplies

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Formula One: Driven by Money

By Rowland Goddard, Director of Finance The start of a Formula One race consists of 20 professional race car drivers lined up on a grid facing a blinking traffic light. Red lights illuminate, counting to five and then all lights are out and the race is on. Drivers accelerate their spaceship-like cars to speeds to over 250 km/h and it’s a race to the first … Continue reading Formula One: Driven by Money

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McAfee Leaves the Market

By Samantha Bader, Co-President Another big shakeup in the technology industry was announced last week, with cybersecurity company McAfee announcing that they were going private again. The company, which has been  in and out of the stock market in recent years has been acquired by a consortium of private equity firms in a deal valued at $14 billion.  The group of firms acquiring McAfee, which … Continue reading McAfee Leaves the Market

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The End of the Conglomerate Era

By Johanna Fernandes, Staff Writer This has been a long week of conglomerate breakups, causing markets to question the future of a ‘jack-of-all-trades’ business model. General Motors, Toshiba, and Johnson and Johnson are the latest this week to announce spinoffs. Once advantageous synergies of diversified companies now bring in higher costs to businesses across industries. A movement of over $600 billion in market capitalization signals … Continue reading The End of the Conglomerate Era

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GameStop: The Game that Went too Far

By Tony Jiao, Staff Writer Do you remember Gamestop?  That’s right, that store we used to go to when we were children to buy our Nintendo DS games. Or maybe, if you were lucky, Xbox or Playstation games. Where are they now? The answer of ‘in the centre of illegal securities fraud and an online investment revolution’ likely doesn’t come to mind. And yet, that … Continue reading GameStop: The Game that Went too Far

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Rogers Family Feud

By Forrester Sorensen, Staff Writer Over the past few weeks, the Rogers family’s public struggle for control of Rogers Communications has been a real-life Canadian soap opera and has drawn comparisons to the hit HBO show Succession. If you grew up with siblings, you likely have an inherent understanding of petty family squabbles and all that comes with them. Insignificant issues like who ate the … Continue reading Rogers Family Feud

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Canadians Focus on Saving

By Ethan Currie, Staff Writer Personal money management can be challenging to say the least. Despite many seeking professional help from a financial advisor, wealth accumulation and security is largely dependent on an individual’s saving philosophy, spending habits, or overall frugality tolerance. The COVID-19 pandemic has had an incredibly negative effect on the global economy and has left a trail of financial damage to individuals … Continue reading Canadians Focus on Saving

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Microsoft Jumps to the Top

By Runisan Natheeswaran, Staff Writer Despite Apple’s long-lasting tenure as the world’s most valuable publicly-traded company, Microsoft overtook Apple in market cap on Friday October 29th.  The last time this briefly occurred was during the first half of 2020, when investors fled towards growth stocks amid the height of the pandemic.  Microsoft’s surge in stock price can be attributed to their extremely positive third-quarter earnings … Continue reading Microsoft Jumps to the Top

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Dollars and Divorce in the Art World

By Isabella Diez, Co-President The highly anticipated $600 million art collection of Harry and Linda Machlowe is up for auction, following a tumultuous divorce. Real estate billionaire, Harry Machlowe, and businesswoman, Linda Machlowe, married during the Eisenhower administration in 1959. During their 59 year marriage, the couple carefully curated their art collection to contain some of the most prestigious pieces in the world including works … Continue reading Dollars and Divorce in the Art World

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Facebook Enters the ‘Metaverse’

By Jawad Abbas, Staff Writer It is no secret that Facebook has been exploring and expanding its efforts into the metaverse, and now it is clear that the company is going all in.  On October 28th, the dominant social media giant revealed at its annual Connect conference that it will be changing its name to Meta. The announcement caused the company’s stock price to climb … Continue reading Facebook Enters the ‘Metaverse’

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The Dirty Secret of Electric Vehicles

By Rowland Goddard, Director of Finance How environmentally friendly are electric vehicles actually?  It is universally agreed upon that driving an electric car is significantly better for the environment than a car with an internal combustion engine. This is because electric motors eliminate the largest source of emissions coming from an automobile, which are those released by the tailpipe. On paper, this makes EV’s very … Continue reading The Dirty Secret of Electric Vehicles

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Fishy Bonds

By Samantha Bader, Co-President A potentially booming tuna industry, corrupt government officials, and a few shady lenders sounds like the start of a spy thriller, but in the real world, it has led to massive harm for Mozambique. Credit Suisse has been fined almost 350 million pounds by global regulators, after the so-called ‘tuna bonds’ scandal threw Mozambique into a financial crisis. Starting in September … Continue reading Fishy Bonds

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Trillion Dollar Tesla

By Forrester Sorensen, Staff Writer Despite widespread skepticism and a number of critics, Tesla and its polarizing CEO Elon Musk continue to appear unstoppable. On Monday October 25th, carried by a surging stock price, Tesla became just the fifth company to ever reach a one trillion dollar market valuation, joining Microsoft, Apple, Amazon, and Alphabet (Google) in the exclusive club. Of the five, Tesla was … Continue reading Trillion Dollar Tesla

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Biden’s Trillion Dollar Plan

By Johanna Fernandes, Staff Writer On Thursday, President Joe Biden shared a new $1.85 trillion social-spending and climate legislation framework. This comes in addition to the $550 billion in new spending proposed in the infrastructure plan that Liberal lawmakers have held up in Congress in efforts to strategically advance both plans. While the caucus formally endorsed the legislation, some moderate members ultimately held up the … Continue reading Biden’s Trillion Dollar Plan

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Evergrande & the Ever Growing Problem

By Tony Jiao, Staff Writer When Canadians think of housing, we often think of the ridiculous prices in Toronto, or Vancouver. While it is true Canada’s housing markets are a serious problem, they are not the only ones ballooning year after year. Asian markets, too, have seen astronomical gains over the last decade. For example, a high-end apartment in Beijing typically sells for USD $13,780 … Continue reading Evergrande & the Ever Growing Problem

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Lululemon Goes For Gold

By Isabella Diez, Co-President The Canada Olympic Committee has partnered with Lululemon Athletica to be the new official apparel provider for Team Canada’s Olympic and Paralympic teams. Athletes, coaches, and the staff of Team Canada will now be fully supplied by Lululemon for the opening and closing ceremonies, and for the duration of the games. The Hudson’s Bay Company previously outfitted the Canada Olympic Team, … Continue reading Lululemon Goes For Gold

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Supply Chain Catastrophe

By Samantha Bader, Co-President The long reaching consequences of the COVID-19 pandemic continue to make their presence known. The global supply chain is the latest domino to fall. Without a plan to stop the spiral, this may quickly turn into an unmitigated disaster as the world economy tries desperately to return to normal.  After almost two full years of economic downturn due to COVID-19, people … Continue reading Supply Chain Catastrophe

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The Right to Repair

By Rowland Goddard, Director of Finance Do you actually own what you buy? All of us are constantly purchasing new products with an electronic component. This could be a phone, computer, watch, car, dishwasher – the list is infinite. Over the past decade, these products have become more advanced and technical. This now means that it is increasingly difficult for the consumer to repair such … Continue reading The Right to Repair

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Music’s New Monetary Value

By Rowland Goddard, Director of Finance You know that song you’ve heard on TikTok a thousand times, “I do the same thing I told you that I never would…” and then it goes on, but it is just a 10-second snippet of a 3-minute song. That same snippet is played millions of times a day by people all over the world in videos on TikTok. … Continue reading Music’s New Monetary Value

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Workers Wanted – Canada’s Labour Shortage

By Isabella Diez, Co-President As the country begins to re-open, the return to a pre-pandemic life is on the horizon, but will Canada’s current labour shortage delay this?  As restrictions and regulations began to be lifted earlier this year, job vacancies increased by 22% from June to May with more than 800,000 job vacancies.  Canadian businesses increasingly are having problems finding workers, with 84% of … Continue reading Workers Wanted – Canada’s Labour Shortage

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China Says No to Crypto

By Jonathan Paglialunga, Director of Operations Over the last several years, Bitcoin and the cryptocurrency market have taken the world by storm and revolutionized the concept of digital currency. On Friday September 25th, the People’s Bank of China (BPOC) stated that services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. As a result of these various statements by the … Continue reading China Says No to Crypto

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Opinion: Election or Unnecessary Expenses?

By Samantha Bader, Co-President When Prime Minister Justin Trudeau called a snap election on August 15th, 2021, he did so in order to attempt to get a clear mandate from the Canadian electorate and hopefully gain a majority Liberal government. Instead, just over five weeks later, Canadians have the exact same government and are on the hook for $610 million dollars.  While this election was … Continue reading Opinion: Election or Unnecessary Expenses?

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New Energy: Hydrogen

By Isabella Diez The demand for clean energy and net-zero emissions is apparent, now more than ever. The global climate is in a crisis and in order to meet long-term climate goals, changes must be made now.  Governments have the opportunity to actively work towards this goal. As countries and governments begin to reel back from the pandemic, the implementation of clean energy can aid … Continue reading New Energy: Hydrogen

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Housing Bubble in Canada?

By Daniel Tortis Houses in Canada carried hefty price tags before the COVID-19 pandemic started. Now prices are even higher and unaffordable for many Canadians across the country. The national average selling price hit an all-time high at $678,091, which was 25 percent higher than 2020. This trend over the past year is not only affecting the big urban centers like Toronto and Vancouver. In … Continue reading Housing Bubble in Canada?

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Biden Administration Targets Big Corporations to Pay Up

By Rowland Goddard Tax policies have headlined much of Biden’s campaign run and now in office, he looks to take action. Throughout the Trump administration, tax policy was implemented to stimulate growth in the economy. This was in the form of low corporate taxes as well as restructuring personal income tax brackets. High to medium-income earners saw the most savings, showing that the old administration … Continue reading Biden Administration Targets Big Corporations to Pay Up

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The Rise and Fall of Bill Hwang

By Nithusa Sinnadurai The financial world continues to unravel the puzzling mystery surrounding 57- year old Bill Hwang; the renowned investor who lost $20 billion in two days. Hwang’s financial career propelled when he landed a job as an investment advisor for the investment firm Tiger Management. During his time there, Hwang had the opportunity to work with esteemed stock investor Julian Robertson. In the … Continue reading The Rise and Fall of Bill Hwang

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New Zealand Offers Support to Bereaved Mothers

By Samantha Bader New Zealand has taken another step towards ensuring that their workplaces are as progressive as possible when it comes to the workplace rights of women. Last week, a bill that was passed unanimously through parliament has become the first in the world to provide women who suffer a miscarriage with paid leave. This represents a massive milestone for working women in New … Continue reading New Zealand Offers Support to Bereaved Mothers

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OPINION: A Shot at Recovery

The Best Stimulus For Canada is Shots in the Arm. By Momal Khan The cottage country rush, summer rentals, exotic vacations, and backyard pools- all signs the economy could bounce back soon. But with the current state of vaccination rounds, a COVID-free summer may be too much to hope for.  While many stand to believe that Canada has botched the vaccine rollout (at least in … Continue reading OPINION: A Shot at Recovery

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Rogers Acquisition of Shaw

Do the Benefits Outweigh the Downfalls? By Jonathan Paglialunga March 15th 2021 marked the birth of a controversial $26 billion deal between two Canadian communications companies: Rogers and Shaw. Under the proposed plan, Rogers will pay $40.50 for each of Shaw’s outstanding class A and B shares. The March 15th proposal resulted in Shaw’s shares springing 42% to $34, a number still well below the … Continue reading Rogers Acquisition of Shaw

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The Student Skill Sets of the Future

By Nataly Kehyayan Landing an internship has been extra challenging this year in a job market that was already competitive for students and recent graduates. In fact, more than 50% of graduates feel less confident in their job search this year and 33% are concerned about their chances of breaking into their preferred industry. Unemployment in Canada for the ages between 20 and 24 rose … Continue reading The Student Skill Sets of the Future

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New Energy Agenda Propels Pipeline Disputes

By Rowland Goddard, Staff Writer Since the mid-19th-century, petroleum and gasoline pipelines have been the predominant way Americans and Canadians get their energy. In America, 69% of the energy consumed is from oil and gas and in Canada, that figure grows to 79%. As energy giants, both countries produce and transport millions of natural gas and oil units through their pipelines every day. However, with … Continue reading New Energy Agenda Propels Pipeline Disputes

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Summer Job Search for Students

By Isabella Diez The 2021 Summer Workplace: The work landscape will look a little different as we head into the summer of 2021. In previous years, university students have been able to gain valuable work experience by securing full-time positions in a variety of industries. As we saw last summer in 2020, many companies reduced the number of student positions available which left many students … Continue reading Summer Job Search for Students

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SoFi: IPOs Available for All

By Daniel Tortis An online finance company called So-Fi is beginning to offer a service that will allow retail investors to be able to buy shares of companies that are going public. This is all in an effort by SoFi to democratize the IPO process. This is a monumental shift, as in the past IPO shares have only been available for institutional investors such as … Continue reading SoFi: IPOs Available for All

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Non-Fungible Tokens: The Next Frontier

By Samantha Bader The newest form of art is here – and it’s one that Pablo Picasso could’ve never imagined. The emergence of nonfungible tokens (NFTs) has been skyrocketing in the past year, and 2021 is starting to look as though it will be the biggest year for NFTs yet. Now, instead of the ultra-wealthy fighting to get their hands on a rare work by … Continue reading Non-Fungible Tokens: The Next Frontier

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Special Purpose Acquisition Companies

By Nataly Kehyayan, Staff Writer In 2020, investors saw 248 SPACs enter the market, a 320% increase from 2019. Special Purpose Acquisition Companies are shell companies that do not hold any assets or serve any purpose other than to raise money through a non-traditional IPO to eventually merge with another company.  When a company is too risky, or there is not enough interest from investors, … Continue reading Special Purpose Acquisition Companies

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Volkswagen Races Forward

By Sandhya Anand, Staff Writer VW stakes a new war in Tesla’s EV territory. How long will it take before it supersedes Tesla’s carefully guarded crown?  Joining the electric car bandwagon, VW overtakes Tesla massively with plans to release new electric cars by the end of 2030. Herbert Diess, the chief executive officer of this German car company, had released a statement last year promising … Continue reading Volkswagen Races Forward

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Streaming Wars: The (Digital) Force Awakens

By Momal Khan There’s a scene in Marvel’s Black Panther where Shuri says, “Just because something works, doesn’t mean it can’t be improved.”  In today’s world of digital streaming, where entertainment is just a click away and isn’t something that you need to go very far to seek anymore, this couldn’t be more true. The viewer-experience has seen a paradigm shift in recent years, and … Continue reading Streaming Wars: The (Digital) Force Awakens

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Online Sports Betting: The Future of Gambling

By Daniel Tortis Three years ago the Supreme Court of the United States struck down a federal ban on sports betting, allowing state governments to make their own decision regarding legalization. Prior to 2018, sports betting was only available in the state of Nevada while every other American state considered it an illegal activity. Fourteen states have already decided to legalize sports betting since the … Continue reading Online Sports Betting: The Future of Gambling

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Spring Scamming

By Nithusa Sinnadurai, Staff Writer Since the declaration of the COVID-19 pandemic, people have been doing nothing but taking precautions. From wearing masks, to washing our hand at an exponential rate and maintaining the constant six feet of separation. Along with these regulations, Canadians must avoid falling victim to financial scams. As we approach the fourth month of 2021, the Canada Revenue Agency has already … Continue reading Spring Scamming

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The 2008 Financial Crisis

By Rowland Goddard, Staff Writer Introduction:  The financial crisis of 2008 highlighted that any economy is susceptible to a crash. Prior to the crisis, most Americans believed in the strength of the economy as they pursued the “American Dream.” Little did they know, in the background, poor financial decisions were being made that would affect the whole country in the coming years. This economic crash … Continue reading The 2008 Financial Crisis