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In 2021, the Chips are Down

By Jonathan Paglilaunga, Staff Writer In spring of 2020, when the COVID-19 pandemic was in its early phases and lockdown was in full effect, the demand for chips to supply technological computing devices was completely depleted. In these several months where the economy has begun to recover slightly, there was a severe difference in the high demand for semiconductors and the ability for various companies … Continue reading In 2021, the Chips are Down

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Working Women are Losing their Place

By Samantha Bader, Co-President What happens when a pandemic closes schools, daycares, and nurseries with little to no advance notice for families? It causes a mass exodus of women from the workforce. Rates of employed women are falling fast, signalling yet another massive problem in the world’s desire to stabilize the global economy.  As the COVID-19 pandemic has changed the way we live, it is … Continue reading Working Women are Losing their Place

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Telus Makes Waves with IPO

By Nataly Kehyayan, Staff Writer Telus International (TIXT) marks the biggest tech initial public offering (IPO) in terms of capital raised on the TSX with the IPO and the secondary offering forecasted to raise $925 million for the company. TIXT started trading at $25 per share, offering 37 million shares on Wednesday, February 3rd, 2021. Banks familiar with the matter have reported a high level … Continue reading Telus Makes Waves with IPO

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McKinsey Pays Millions

By Samantha Bader, Co-President McKinsey and Company, an American based consulting firm, is one of the first big companies to pay for their role in the opioid crisis. The firm signed an agreement with 47 states, 5 territories and the District of Columbia to settle a myriad of lawsuits. The amount of money McKinsey will pay is estimated to reach almost $600 million USD.  The … Continue reading McKinsey Pays Millions

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Gamestop: The Story of Reddit Taking on Wall Street

Daniel Tortis, Director of Digital Media Gamestop in the 2000s and early 2010s was a successful American company. It was a brick and mortar retailer that sold video games, consumer electronics, and gaming merchandise. Due to the pandemic and changing consumer preferences, sales have been dwindling. Selling physical copies of video games used to make up a huge portion of Gamestop’s revenue however many gamers … Continue reading Gamestop: The Story of Reddit Taking on Wall Street

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Diversified Portfolios

Rowland Goddard, Staff Writer The financial markets in 2020 proved that the current investing landscape is extremely volatile. Momentum trading is evident at every corner of the market. Stock growth/losses are severe and happen quickly. These market trends can be connected to advancements in technology allowing the transfer of information to reach a greater number of individuals in a quicker period of time. No longer … Continue reading Diversified Portfolios

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Short Term Rentals: Long Term Pains

Isabella Diez, Director of Operations At the end of 2020, the City of Toronto announced a new set of restrictions for short-term rental operators. As a result, the landscape for short-term rentals has changed drastically forcing many operators to sell their properties.  Short-term rentals were banned temporarily, as a part of COVID-19 restrictions in April of 2020. With this change, many major cities saw a … Continue reading Short Term Rentals: Long Term Pains

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OPINION: Protect Workers, Implement Paid Sick Days

Samantha Bader, Co-President As cases of COVID-19 once again spike out of control in Ontario, it is clear that current government measures to stop the spread of COVID-19 are failing. There is one step the government should take to reduce the spread of this virus – Doug Ford needs to stop passing the buck and implement paid sick leave for workers.  There is increasing evidence … Continue reading OPINION: Protect Workers, Implement Paid Sick Days

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Commercial Real Estate on the Rise

Jonathan Paglialunga, Staff Writer Due to the significant and prolonged nature of COVID-19, many small businesses have been forced to shut down or reduce their storefront presence, creating a surge in real-estate availability. As a direct result, large organizations who either withstood the impacts of the pandemic or successively adapted to the online atmosphere have since been exposed to a wide array of discounted real … Continue reading Commercial Real Estate on the Rise

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Generation Z and Personal Finance

Momal Khan, Co-President With the worldwide shift towards self-service, automation, and digital banking, financial literacy has become more important than ever. This holds especially true for Generation Z, as the older half of the generational cohort is either entering, currently in, or just graduated from university.  Born after 1995, Generation Z was the first to grow up surrounded by the internet, smartphones, and computers. While … Continue reading Generation Z and Personal Finance

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Nickel Powered Society: The New Future?

Dylan Howse, Director of Finance What do you think of when you hear the words “metals and mining”?  You’re probably imaging a gold mine of some sorts that’s going to be used to make a luxurious necklace at your local jewellery store. That is a completely accurate depiction of what happens, except for the fact that gold only makes up a small percentage of the … Continue reading Nickel Powered Society: The New Future?

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From Unicorn To Disaster: Elizabeth Holmes’ Guide to Mass Deception

Nithusa Sinnadurai, Staff Writer Amidst this global pandemic, the ever-deceiving trail of Elizabeth Holmes was pushed back to July 13th, 2021. To understand the complexity behind her case it’s best to start off by understanding who Elizabeth Holmes is, better known as one of Silicon Valley’s greatest failures. Holmes, a driven, chemical engineering student with a thirst for success, dropped out of Stanford University at … Continue reading From Unicorn To Disaster: Elizabeth Holmes’ Guide to Mass Deception

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Airline Industry Hits Turbulence

Isabella Diez, Director of Operations In 2020, the airline industry faced unprecedented losses due to the ongoing pandemic. The airlines were directly impacted by global border closures, restricted air travel, and government imposed lockdowns. The economic losses of airlines worldwide are estimated to be $314 billion USD and without a doubt have marked 2020 as the industry’s worst financial year ever.  Passenger numbers are estimated … Continue reading Airline Industry Hits Turbulence

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Better Store of Wealth: Bitcoin or Gold?

Daniel Tortis, Director of Digital Media Last week bitcoin reached all time highs, leading to investors realizing huge paper profits. Some people are even asking themselves if they should move some of their traditional investments in commodities such as gold into the cryptocurrencies for the long haul.  Bitcoin is a currency that allows people to transfer money over the internet. There is a finite amount … Continue reading Better Store of Wealth: Bitcoin or Gold?

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Arctic Under Attack

Samantha Bader, Co-President In one last push to do as much damage to the environment as possible before leaving office, soon to be former President Trump has pushed through a plan to sell drilling rights in the Alaskan wilderness. The National Petroleum Reserve in Alaska (NPR-A) is a 23 million acre plain in the Northern part of Alaska, believed to contain 11 billion barrels of … Continue reading Arctic Under Attack

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Blue Wave Washes Over Wall Street

Sandhya Anand, Staff Writer Holding power for one term seems to be becoming a running theme for the Republicans. As rioters and white supremacists storm the Capitol, how will the stock market react to such unprecedented times? On January 6th 2021, Democrats Jon Ossoff and Raphael Warwock led Georgia to a blue victory in their special election for the Senate, concluding in President-elect Joe Biden … Continue reading Blue Wave Washes Over Wall Street

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The End of Haven: A Short-Lived Attempt at Revamping American Healthcare

Nataly Kehyayan, Staff Writer The End of Haven: A Short-Lived Attempt at Revamping American HealthCare  Back in January of 2018, three corporate giants, Amazon, JPMorgan Chase, and Berkshire Hathaway announced a new non-profit, health care joint venture for their employees. In 2019, the venture was officially given the name Haven Healthcare. The initial goal of the project was to provide affordable health care to employees … Continue reading The End of Haven: A Short-Lived Attempt at Revamping American Healthcare

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Stocks Soar to New Heights

Momal Khan, Co-President The TSX has followed the US stocks into record levels as of last Thursday, closing at 18 027 which is above the previous record-high seen on February 20th, 2020.  Commodity investors especially are returning in full force, with wagers that a steadily weakening dollar is allowing materials to dominate in the currency. Commodities such as metals, oils, and crops are becoming progressively … Continue reading Stocks Soar to New Heights

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COVID-19 Vaccines: Can Pharmaceutical Companies Make Profits?

Jonathan Paglialunga, Staff Writer The COVID-19 pandemic has birthed the need for pharmaceutical companies to make a leap into creating an effective vaccine.  As a result, companies like Pfizer/BioNTech and Moderna, which are typically not household names, are now being placed in the spotlight. These organizations acted as innovators in the search for the vaccine, which has subsequently enabled other companies to join the race … Continue reading COVID-19 Vaccines: Can Pharmaceutical Companies Make Profits?

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Supply Chains of Slavery

By Samantha Bader What do Nike, Coca-Cola, and Apple have in common? No, it’s not that they’re all hugely successful American corporations – it’s that they all want to continue profiting off of slave labour by any means necessary.  The Uyghur Forced Labor Prevention Act, a bill that passed Congress in September by a margin of 406-3 was aggressively lobbied against by all three companies, … Continue reading Supply Chains of Slavery

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Debenhams Breaks Down at 11th Hour

By Sandhya Anand, Staff Writer Once a glorious retail outlet for high-class street fashion, an era comes to a sad end as Debenhams is set to close its doors permanently.  Debenhams liquidation will bring around 12 000 job losses. This news came closely after Arcadia’s fashion empire disintegrated, closing 400 stores and risking 13 000 jobs.   The UK-based retail giant is set to be liquidated … Continue reading Debenhams Breaks Down at 11th Hour

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The Post-COVID Job Market: Machines Don’t Get Sick

By Nataly Kehyayan, Staff Writer Job markets all over the world have been hit hard by the pandemic. While some countries have handled it better than others, with quicker recovery rates, other countries are still trying to get back on track. Moody’s Analytics, a financial services company, has provided economic research indicating that it could take up to 4 years to recover 22 million-plus of … Continue reading The Post-COVID Job Market: Machines Don’t Get Sick

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Big Six Banks Sweep Fourth Quarter

By Momal Khan Canada’s Big Six banks have managed to pull off a complete sweep with their fourth-quarter financial results. Although all of Canada’s major banks exceeded estimates, results for three of the banks were especially impressive, topping analyst predictions by a large margin and despite uncertain economic conditions brought about by the pandemic.  The Canadian Imperial Bank of Commerce (CIBC) and Toronto-Dominion Bank (TD) … Continue reading Big Six Banks Sweep Fourth Quarter

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Digital Healthcare: The Future

By Daniel Tortis  The pandemic has forced countless people to adapt to new realities. In order to limit contact with those out of your household, one of these realities has been switching to digital methods for their healthcare. This industry has seen massive growth within the last 12 months with many stocks such as TeleDoc providing investors with massive returns. But is this a long … Continue reading Digital Healthcare: The Future

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Palantir: Are you being Watched?

By Nithusa Sinnadurai Imagine having the technological abilities to observe and monitor the general public. Who should possess the intelligence and the power of watching over all of the nation under the name of security? After 17 years hidden amongst the shadows, Palantir has finally released it’s stock to the public.  However, that is not the only reason why Palantir is on everyone’s lips: Americans … Continue reading Palantir: Are you being Watched?

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Blue Chip Blunders: Profits vs. the People

By Dylan Howse Company blunders are starting to become an increasing occurrence in this day in age; most recently we saw Whole Foods not allowing Canadian employees to wear poppies on Remembrance Day. Yet, some larger companies are taking advantage of the current state of play to increase their bottom line at the expense of their people. Throughout this pandemic, we’ve seen what we thought … Continue reading Blue Chip Blunders: Profits vs. the People

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Tesla Shares Soar High

By Rowland Goddard Electric cars, rockets, space travel, renewable energy, neurotechnology – if you have an ambitious idea, pitch it to Elon Musk – but he’s probably already thought of it. Earlier this week, Mr. Ambitious became the second wealthiest person in the world. Although Musk owns multiple companies, his most successful and the one that brings him his riches, is undoubtedly Tesla. They continue … Continue reading Tesla Shares Soar High

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UK Pandemic Spending Reeks of Scandal

By Samantha Bader After recovering from COVID-19, Boris Johnson must have thought he was through the worst of this pandemic. Unfortunately for him, it appears otherwise. The British National Audit Office (NAO) has come out with their report about the British government’s spending response to the pandemic, and it does not paint a pretty picture. In a frantic attempt to procure personal protective equipment and … Continue reading UK Pandemic Spending Reeks of Scandal

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Doordash Delivers IPO

By Sandhya Anand Following the gig economy trend, Doordash is speeding to deliver an IPO. Will this recover the company’s huge losses and questionable payment practices?  As with every delivery app in the food and beverage industry, DoorDash increased its revenue for more than 200% in 2020 than for the same period of 2019. The company operates in the US, Canada and Australia and claims … Continue reading Doordash Delivers IPO

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Canada’s Inflation Rate: Food for Thought

By Momal Khan Canada’s inflation rate has been driven higher and higher over the past couple of months, with a jump of 0.7% in October- the fastest that the consumer price index has risen in a long time.  Statistics Canada’s report from October says that food inflation has gone through the roof, with fruits and vegetables leading the way for the increase. The price of … Continue reading Canada’s Inflation Rate: Food for Thought

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Wish[ing] on an IPO

By Jonathan Paglialunga Wish, a popular e-commerce marketplace, filed its Initial Public Offering (IPO) prospectus on Friday November 10th, alongside various other major companies including Airbnb, DoorDash, and Roblox, marking a significant week for the stock market and surrounding industries. ContextLogic, Wish’s parent company, plans to list its shares on the Nasdaq stock market index and utilize the title WISH. This filing allows the public … Continue reading Wish[ing] on an IPO

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COBOL: The Ancient Programming Language Working Behind the Scenes

By Nataly Kehyayan What is COBOL? COBOL is everywhere but is rarely talked about. Common Business Oriented Language is a 50-year-old programming language that still runs a considerable chunk of business, financial, and administrative systems as we know them today. Invented by a group of people led by Grace Hopper, who coined the term “bug” to be associated with computer failures, COBOL was one of … Continue reading COBOL: The Ancient Programming Language Working Behind the Scenes

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Pfizer’s Vaccine Cures the Market: But is there Foul Play?

By Dylan Howse On November 9th, the world got its first piece of good news relating to COVID-19 as Pfizer released that it had developed a vaccine with the potential to prevent 90% of infections. Quite like an actual needle, the news release acted like an injection of adrenaline into a pandemic- ridden economy, yet suspicious insider selling activities have caused concern in recent days. … Continue reading Pfizer’s Vaccine Cures the Market: But is there Foul Play?

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Amazon’s Antitrust Issues

By Daniel Tortis     Amazon is a globally renowned company that is currently the 4th largest company in the world based on market capitalization. It currently operates on three continents and is trying to enter new national markets and industries as we speak. However, Amazon’s European division was slapped with an antitrust lawsuit, where it could face a fine of up to 28 billion USD. This … Continue reading Amazon’s Antitrust Issues

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You (Bit)ter Believe it

By Isabella Diez The year 2020 has been quite a year for cryptocurrencies. Bitcoin surged, trading above $15,000 during the US election week, the highest in 3 years.  Created in 2009, Bitcoin is a virtual currency and is the most popular and largest cryptocurrency. The creator of Bitcoin is unknown but goes by the alias Satoshi Nakamoto. Each individual Bitcoin is mined. This is done … Continue reading You (Bit)ter Believe it

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Renewable Energy on the Horizon

By Rowland Goddard, Staff Writer It’s no secret that 2020 has been a tough year for everyone. The Coronavirus pandemic has swept across the globe forcing us to change how we go about our lives. Although the pandemic has been ruthless in many regards, it has brought about change and made many societies rethink issues relating to the environment. Renewable energy, such as solar, wind, … Continue reading Renewable Energy on the Horizon

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WireCard in Hot Water

By Nithusa Sinnadurai, Staff Writer How does a company go from being the “Investor’s darling” to being known as the “Enron of Germany”? The financial world was shocked to find Europe’s largest FinTech company under scrutiny for falsifying its financial reports. WireCard is a German company that provides online payment services and is known for its ability to safely and quickly transfer payments between consumers … Continue reading WireCard in Hot Water

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Indonesia Sinks into Recession

By Samantha Bader The largest economy in South East Asia is the latest to fall prey to the economic impacts of the COVID-19 pandemic. Indonesia has officially entered its first recession in twenty-two years. In the third quarter of 2020, the GDP contracted by 3.49%, compared to the third quarter of 2019. This comes after GDP declined 5.3% in the second quarter of the year.  … Continue reading Indonesia Sinks into Recession

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Government Clamping Down to Protect Canadian Creatives

By Momal Khan Streaming platforms like Netflix and Amazon Prime have already chosen to invest in Canada; Ottawa has proposed changes to regulate what this exactly means for the Canadian creative community. In a press conference delivered last Tuesday, Minister of Canadian Heritage Steven Guilbeault discussed the Liberals’ proposed new policy changes to the Broadcasting Act. With the aim of protecting Canadian original content, the … Continue reading Government Clamping Down to Protect Canadian Creatives

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Pick Up Trucks to the Rescue: GM’s Unifor Deal

By Jonathan Paglialunga, Staff Writer December 20th, 2019 marked a significant endpoint for the automotive industry in Oshawa, Ontario as General Motors Corporation (GM) was set to close its doors after 100 years. This dramatic decision would have left nearly 3000 workers unemployed and sparked controversy around the ethics of employer-employee relations as CEO Mary Barra earned roughly $22 million in salary, stock awards, and … Continue reading Pick Up Trucks to the Rescue: GM’s Unifor Deal

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Big Tech Goes for Big Earnings

By Nataly Kehyayan, Staff Writer The highly anticipated big-tech earnings report released on Thursday, October 29 was a pleasant surprise for investors. A total of $220.28 billion in revenue was realized by Big Tech companies including,  Apple, Amazon, Facebook, and Google in the last quarter. The release took place a day after the CEOs of Facebook, Google, and Twitter testified before congress.  Perhaps Google deserves … Continue reading Big Tech Goes for Big Earnings

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Inspire Brands’ Dunkin’ Deal

By Sandhya Anand, Staff Writer Did you ever think that wings and donuts could make a great combination? While a concoction of barbeque sauce and chocolate glaze sounds horrific, owning both Buffalo Wild Wings and Dunkin donuts could be a sweet, sweet deal.   Dunkin’ has experienced various ups and downs in its lifetime. It first went public on July 27th, 2011 at an offering price … Continue reading Inspire Brands’ Dunkin’ Deal

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Holiday Shopping Bonanza

By Daniel Tortis The holiday season is quickly approaching. It is a critical part of the year for retailers, with many expanding their inventory size and making their largest profits of the year. Consumers benefit by finding great deals on gifts for their loved ones as well as themselves.  Holiday shopping usually starts on Black Friday- right after American Thanksgiving- and ends on Boxing Day. … Continue reading Holiday Shopping Bonanza

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Boards to Billions: Shopify’s Success

By Isabella Diez Initially beginning as an online snowboard equipment provider in 2006, Shopify has evolved over time into a worldwide e-commerce platform. The enterprise has grown to become a versatile space where customers are able to create their own e-commerce platform with the ability to manage inventory, fulfill and ship orders, and have access to analytics. Launched during the rise of Amazon, Shopify entered … Continue reading Boards to Billions: Shopify’s Success

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The Pandemic Gold Rush

By Dylan Howse Since March of 2020 when the virus truly began to take hold of the world, gold miners’ stock and gold futures have all risen dramatically. Why?  Fear and interest rates.  Gold acts in the market as a safety net against a declining economy and dollar. If the economy is performing poorly, the government and banks will start to reduce interest rates to … Continue reading The Pandemic Gold Rush

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Getting Individual Stimulus Right

By Rowland Goddard The past 6 months have pushed many Canadian and American families to their breaking point. For some of these families, individual stimulus plans have been one of the big reasons they have been able to stay afloat. It is no secret that many people were out of work for either all or the majority of this summer. The Canadian unemployment rate got … Continue reading Getting Individual Stimulus Right

The US Inflation Dilemma

Dylan Howse, Director of Finance Everyone knows that as we begin 2021, we are still in a global recession. The World Bank projected that 2020 shrank the global economy by 5.2%, the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870. What everyone doesn’t know is that as we make plans towards a … Continue reading The US Inflation Dilemma