Author name: Magnolia

Many Canadian investors and businesses have shifted their thinking of how to handle their domestic equity interests in businesses and real estate. The pivot is toward viewing those investments as longer-term holdings and less as being disposable positions that may be sold to get the capital needed to seize higher-value opportunities. Investors are shifting their […]

Canada’s main stock index hovered near four-week highs on Thursday, amid broad-based sectoral gains, while investors awaited U.S. employment data to gauge the trajectory of interest rate cuts in the world’s largest economy. At 10:54 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 11.25 points, or 0.05%, at 22,234.92 U.S. markets were

Written By: Phoebe Yong, Founder and President, Magnolia Communications A crisis can be a terrifying time for a business. Navigating the many unknowns that arise in a crisis is enough to cause panic, but the speed at which negative sentiment spreads online can heavily contribute to a company’s fears about their longevity. 62% of consumers

While non-compete clauses are unpopular and presumptively unenforceable in employment contracts, a recent Ontario Court of Appeal ruling serves as a helpful reminder of their enforceability in M&A deals, says Charlie Kim, a partner at Robins Appleby LLP. According to a January Angus Reid poll, over half of Canadians support banning the clauses in employment

Vancouver-based Harbourfront Wealth Management has acquired Calgary-based Cornerstone Investment Counsel Ltd. Cornerstone is an independent portfolio management firm that serves about 500 high-net-worth families. “All employees from [Cornerstone] will be joining Harbourfront,” said Danny Popescu, founder and CEO of Harbourfront. Harbourfront’s acquisition of Cornerstone adds a “material amount” to Harbourfront’s assets under administration (AUA) and

Variable rates may have inched downwards after the Bank of Canada’s decision to lower its benchmark rate on June 5 – but even with further cuts expected for the rest of the year, there seems little chance of an imminent borrower surge towards those mortgage types. As the central bank slashed its trendsetting rate to