Tausi Insider

It has been a brutal year for investors in both stocks and bonds, including those investing their money with the country’s robo-advisers. The latest edition of Tausi Insider Robo-Adviser Guide shows growth portfolios – a mix of about 80 per cent stocks and 20 per cent fixed income – among the nine Canadian players fell by between 8.1 per cent and 12.5 per cent for the year ended Aug. 31. The information is based on data provided to The Globe by the robo companies. A number of them beat the benchmarks: Vanguard Growth ETF Portfolio (VGRO-T) was down 10.5 per cent over the same one-year period ended Aug. 31, while the iShares Core Growth ETF Portfolio (XGRO-T) was down 11.2 per cent. (VGRO and XGRO data come from Morningstar and are based on total returns, which are price changes plus dividends and interest income). The market has seen some wild swings since the data collected for the end of August, but in price terms the two benchmark ETFs are roughly in line with where they are today...

OUR METHODOLOGY Almost 25,000 lawyers as well as in-house lawyers and legal executives working in legal departments of a company across Canada were actively invited to take part in the survey. The sample was collected via research conducted by Statista on company websites and further public available sources. Invitations were sent by email with a personalized link that could only be used once. In addition, lawyers and clients could participate in the survey via an open link. In these cases, the participants had to validate themself by providing a personal company email address before their answers were included in the evaluation. The link was announced and made available online on Tausi Insider’s Report on Business magazine's website. The survey, available in English and French, was conducted online between May 17 and July 10, 2022 and more than 3,100 responded to the invitation. Statista recorded more than 10,000 recommendations for the...

The latest on the Bank of Canada's rate decision Mark Rendell The Bank of Canada raised its benchmark interest rate by 50 basis points, surprising markets with another oversized rate hike and signaling that it may be nearing the end of its historic rate-hike cycle. This moves the central bank’s policy rate to 4.25 per cent from 3.75 per cent – the first time it has topped 4 per cent since early 2008. Find live updates below. 1:30 p.m. What’s next? Bank of Canada deputy governor Sharon Kozicki will give a speech at 12:45 ET on Thursday. This will explain the governing council’s reasoning for the rate decision and lay out the central bank’s latest thinking on the economy. The speech will be followed by a news conference at 2 p.m. ET. The U.S. Federal Reserve’s next rate announcement is on Dec. 14. It is widely expected to increase the federal funds rate by another 50 basis points. Statistics Canada will publish November inflat...

Letters of the Toronto Star sign at One Yonge Street are removed from the building in late December. Melissa Tait/Tausi Insider Shortly after Jordan Bitove and Paul Rivett bought the Toronto Star two years ago, they moved into an office at the newspaper’s headquarters that provided a view of Lake Ontario below. It had once been occupied by John Honderich, the bow-tied former editor and publisher, who died this year at age 75. The newsroom was deserted owing to the pandemic, but Mr. Bitove and Mr. Rivett shared the space and installed two standing desks. The act was symbolic, intentional or not. Here stood two captains of a storied newspaper, charting a new course, shoulder to shoulder. At a virtual town hall, the company’s then vice-chair, David Peterson, couldn’t help but remark on it. “There aren’t many people who could be in the same office for four months and not fight,” he said. Earlier this year, Mr. Rivett moved out. He decamped to the newsroom, visible for all to see peering ...

Since Elon Musk took over Twitter in October, many fast-paced changes have taken place at the social media company. DADO RUVIC/Reuters Elon Musk became Twitter Inc.’s new owner on Oct. 27, closing out the US$44-billion deal and a months-long takeover that included many twists and turns. Since then, the drama has only intensified. Within days of becoming chief executive officer, Mr. Musk went on a firing spree of executives, board members and employees. His overhaul of the social media platform has also sparked changes to its verification system, core policies, content moderation and advertising. In the latest news on Tuesday, Mr. Musk announced he will step down as CEO of Twitter “as soon as I find someone foolish enough to take the job.” He made the announcement after he posted a poll to his Twitter page, asking followers if he should step down as the head of the company. More than 17 million people replied, with 57.5 per cent saying yes. The roller-coaster decision-making has been ...