Protected industries: Why more than a third of the Canadian economy is walled from competition

From maple syrup to milk producers, telcos to taxi companies, Canadian firms “are walled from competition” that has led to stunted trade, investment and innovation in the country and left consumers with fewer choices, according to a new report. An estimated 35 per cent of Canada’s economy is protected from foreign competition, via rules, government intervention and varying interprovincial requirements, according to a new study by Fraser Institute, a Vancouver-based think tank. Authored by Vincent Geloso, a senior fellow at the Institute, the study ranks the level of protectionism in…

Why WeWork Is Considering An IPO LOSING $1.9B in 2018

Date: 2019-05-20 16:00:08 WeWork’s Parents Company, The We Company, is set to go Publical this year. It’s the latest in a Strings of richly Valuable start-ups an IPO in 2019. though The We Company was Recently Valuable at $47 it’s Hemorrage Cash and lost $1.9 on $1.8 in in 2018. Things improved for WeWork in the first Quarters of 2019, but slightly: The Company Says it lost $264 Multi-Multimillion on $728 Multi-Multimillion in during the Quarters. Its core Bussiness Centres on Renting out co-working Spaces to From and Freelancer to…

The Coming Pension Crisis Is So Big That It’s a Problem for Everyone

By John Mauldin via Iris.xyz A decade ago I pointed out that public pension funds were $2 trillion underfunded and getting worse. More than one person told me that couldn’t be right. They were correct: It was actually much worse. It has gotten to $2 trillion and much worse in just a few years. Note that we are talking here about a specific kind of pension: defined benefit plans. They are usually sponsored by state and local governments, labor unions, and a number of private businesses. Many sponsors haven’t set aside…

Priceline vs. Hotwire: What’s the Difference?

Priceline vs. Hotwire: What's the Difference?

Priceline vs. Hotwire: An Overview Used by millions for both business and leisure trips, the travel booking sites Hotwire and Priceline have a lot in common, including how much they claim they can save you. But they also have some key differences. These similarities and differences can help you choose which site is the best for you, the next time you make travel plans. key takeaways Priceline and Hotwire are becoming more similar, as Priceline downplays its Name Your Own Price feature. Priceline and Hotwire both offer opaque pricing, in…

Japan Lowers Economic Assessment

Japan’s government trimmed its economic assessment citing weak exports and industrial production, according to the monthly report released by the Cabinet Office, on Friday. Nonetheless, the government said the Japanese economy is recovering at a moderate pace. Downgrading the assessment of industrial production, the office said, “Industrial production is in a weak tone recently.” The government also lowered its view on business investment. The report said business investment is on the increase at a moderate pace, while weakness is seen recently in machinery investment. Amid escalating US-China trade disputes, the…