30+ years capital markets experience - CSC, PFP, DFOL - ETFs, PMs, Metals, Life Sciences🌿, AI🤖, Energy, REITs, Dividend Investing / Due Diligence Analysis🕵🏻
British Columbia, Canada
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Wall Street ends higher as investors buy AI stocks; Microsoft rallies reuters.com/business/wall-st…
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Steven Feldman retweeted
Stocks Rebound as Iran Diplomacy Hopes Push Oil Lower – US Market Wrap
features.financialjuice.com/…
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For those unaware, politics in British Columbia, Canada is some of the dirtiest politics in the western world
New Democrats question how Conservatives will follow party constitution — then 2 hours later the NDP ignores its own equity mandate (again) by appointing Eby’s chief of staff as a candidate in Langley.
The snap election allows NDP to bypass elements of its constitution.
#bcpoli
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Steven Feldman retweeted
I can’t think of a policy more destructive for the development industry than this. Forced liquidations into an already illiquid market.
Today in Burnaby I committed to turning more empty condos into homes people can afford.
Our housing plan is working. Home prices are falling faster in B.C. than anywhere else in Canada, rents have dropped 26 months in a row, and the speculation and vacancy tax has turned 20,000 empty units into homes. But too many finished condos are still sitting empty or unsold.
So we'll raise the speculation and vacancy tax by one point and bring in a new Unsold Condo Tax on finished condos left empty for more than a year, climbing every year they sit. That could unlock up to 5,000 homes for British Columbians.
The conservative parties have opposed nearly every measure we've taken on housing. They'd rip up the plan and hand the market back to the speculators.
With Trump's trade war driving up costs, we have to keep pushing yours down. That's how we build B.C. strong. 🇨🇦
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In B.C if you (Canadians too) own a second property - recreational for example - and you don't rent it out - the BC NDP adds an additional annual tax on you called the speculation and vacancy tax (even though you are not "speculating" - Eby want to increase this as well.
NEW - @Dave_Eby says a re-elected NDP gov would create a new Unsold Condo Tax on finished condos left empty for more than a year. Starting at 2 per cent, increasing 1% every year left vacant.
Also increase the speculation tax a 1% on both Cdn and foreign owners.
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Steven Feldman retweeted
He just proposed an empty condo tax to force developers to liquid their unsold inventory or face a tax, right into a weakening economy and rising interest rates
David Eby’s goal is to bankrupt the private sector and province. Who is advising this stupidity
Developers are sitting on thousands of finished condos while families can't find a home they can afford. I'm in Burnaby at 10 a.m. PT with the plan to turn them into homes, and the choice in front of us this election. Join me: piped.video/live/A7dEy3TuGxg
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"If you don't sell these units in the next year we will impose a tax on you"
Not sure how taxing the builder because no one is buying the product will help.
BC NDP leader David Eby vows to implement a 2% "empty condo tax" on units left unsold for over a year:
"Just 10 developers have over $2 billion of condos that they refuse to sell at a reasonable price ... You will sell those condos, or you will pay the tax."
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Steven Feldman retweeted
Eby backing away from his condo bailout and hard pivots to a 2% "empty condo tax" on developers if new units sit vacant.
My jaw is on the floor. Not because he backed away from the condo bailout, but because instead he decided to nuke an industry already teetering on collapse.
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Steven Feldman retweeted
Some Polls Show Dave Eby Losing By 8% To A Conservative Leader Barely Anyone Knows
WTF?
Sometimes Fuckery catches up with you
Snap Election
- Provincial Finances Catastrophic
- UNDRIP Insanity
- Developer Bailout
- Economy Crashing
Trump's bad but doing a bad job is worse
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Steven Feldman retweeted
New Democrats call news conf to expose problem of Conservatives having interim leader. David Eby called an unnecessary election 48 hours after resignation of KLF, leaving Conservatives no choice but to appoint interim leader. Eby govt has no sense of fair play or shame.
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Steven Feldman retweeted
Donald Trump vs Mark Carney trip to the UN.
Donald Trump 🇺🇸
> Told Iran's Islamic Regime to its face it could face annihilation without a deal.
> Promoted defense of national sovereignty and border control.
> Called out Europe's mass-migration model.
> Told the UN that there would be “no global government” and “no global taxes”.
> Rejected international attempts to establish global rules governing AI.
> Called for a major restructuring of the UN itself; return to its core functions and reduce bureaucracy.
> Promoted peace between Russia and Ukraine and to work on resolving the conflict.
> Signed a new U.S.–Denmark–Greenland Arctic security agreement.
Mark Carney 🇨🇦
> Almost put a coherent sentence together.
> Agreed to defense cooperation with Jordan.
> Advanced relationship with Angola and exports growth which are now worth $200M.
> Gave $100M to Palestine.
> Gave $82M to Ocean Monitoring and announced his wife as an Ocean Envoy so she has something to do.
😮💨
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Toronto and Vancouver drop to weakest housing markets in UBS global ranking
Both cities are at 'moderate' risk of a housing bubble, with depleted supply in Toronto potentially raising the stakes
financialpost.com/real-estat…
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Good news savers: GIC rates have finally caught up with bond yields
theglobeandmail.com/investin…
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Microsoft $MSFT abandons personal AI chatbot race with Copilot reboot - The new Copilot, which will roll out in the coming weeks, brings to a close one of Microsoft’s biggest bets of the AI era
$META
financialpost.com/technology…
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Buffalo Potash $BUFF.V Completes Final Horizontal Well and Concludes Successful Drilling Program by @newsfile ceo.ca/@newsfile/buffalo-pot…
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Steven Feldman retweeted
Stocks spike, oil slides, and gold jumps after CBS reports US and Iran talks have entered a "technical stage", citing Al Jazeera reporter
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There should be no government mandate on how a Pension fund invests its funds - Their fiduciary duty is NOT to politicians but to stakeholders.
Canada’s government should implement a formal mandate for the country’s pension plans to invest 3% of their assets in high-growth companies at home, according to a think-tank report. bloomberg.com/news/articles/…
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The Ontario Securities Commission pressed its landmark greenwashing case by delivering closing arguments against asset manager Purpose Investments & CEO Som Seif. Regulators argue public statements misled investors about the true depth of environmental, social, & governance (ESG)
OSC presses greenwashing allegations in closing arguments against Purpose Investments theglobeandmail.com/business…
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The Toronto Stock Exchange (TSX) is proposing a series of revisions to its continued listing requirements — including changes to its minimum market capitalization requirements — which may result in issuers facing delisting.
investmentexecutive.com/news…
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