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Sustainable investors don’t need ‘green bleaching’

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ESG is no longer synonymous with sustainability; given the financial damage that ESG issues can do to companies, it is increasingly used as an indicator of financial risk that any investor should consider.Delcia Lopez/AP Sign up for the Globe Advisor weekly newsletter for professional financial advisors on our website Newsletter Signup Page. Get exclusive investing … Read more

Wealthsimple partners to launch private credit fund for retail investors

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A Wealthsimple Trade app icon is shown on a smartphone on December 15, 2020. Wealthsimple has partnered with alternative asset manager Sagard to enter the private credit market.Jesse Johnston/The Canadian Press Online Financial Service Provider Wealthsimple Technologies Inc. is teaming up with alternative asset manager Sagard to tap into the private credit market, allowing retail … Read more

Income tax cuts and GDP growth drop sharply in Quebec budget

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Quebec Finance Minister Eric Girard holds a copy of the 2023-24 budget speech to reporters during a news conference in Quebec City on March 20.Jacques Busino Quebec Finance Minister Eric Girard on Tuesday kept his party’s election pledge to cut income taxes, as he forecasts a sharp drop in economic growth in 2023. The Minister’s … Read more

Toronto councilor Josh Matlow running for mayor

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Councilman Josh Matlow announces his run for mayor in this June 23, 2017 photo.Jennifer Roberts/Globe and Mail Veteran Toronto councilor Josh Matlow, who is running for mayor, says he will add a special fund to the property tax bill to help with struggling city services. The downtown councilman has long considered a run for mayoralty. … Read more

Big money lured by banking drama as investors brace for more turmoil

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Hedge fund managers and other big investors believe it’s too early to say the turmoil in the global financial sector has fully unwound, even more than a week after financial lifelines, central bank guarantees and a massive bank rescue deal. With two U.S. banks failing over the past two weeks and the largest U.S. lender … Read more

Family of slain Edmonton officer to receive $100,000 from Heroes Fund, Alberta premier says

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Flowers are placed outside Const’s police station. Brett Ryan and Const. Travis Jordan, shot and killed March 17 while on duty in Edmonton.Jason Franson/The Canadian Press Alberta Premier Danielle Smith said the families of two Edmonton police officers who were shot and killed this week will each receive $100,000 from the province’s Heroes Fund. Smith … Read more

Bombardier must face hedge fund lawsuit over bond trade, New York judge says

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A New York state judge on Friday dismissed Bombardier Inc’s attempt to dismiss a group of hedge funds accusing the business jet maker of shorting them by selling new debt after it divested key businesses in 2020 and 2021. Manhattan Supreme Court Justice Andrew Borrok said the hedge fund had not waived its right to … Read more

The Globe and Mail ETF Buyer’s Guide to 2023 Part Three: U.S. Stock ETFs

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It’s almost embarrassing that the Canadian stock market has so little exposure to technology and healthcare. Solution: Make sure you have a U.S. stock fund in your portfolio. The combined share of technology and healthcare in the S&P/TSX Composite is about 7%; the S&P 500 is 43%. The benefits of diversification sometimes seem more theoretical … Read more

Quebec businesses say Legault’s proposed income tax cut is the wrong approach at the wrong time

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Quebec Finance Minister Eric Girard, left, presents the government’s budget at the Quebec City legislature on March 22, 2022. Quebec Premier Francois Legault (right) and Quebec Justice Minister Simon Jolin-Barrette (centre) applaud.Jacques Boissinot/The Canadian Press Quebec’s big businesses have opposed an income tax cut promised by Premier François Legault’s government, a stance that has brought … Read more