Tausi Insider

“Post-IPO, our Canadian business will trade exclusively on the Toronto Stock Exchange, and our U.S. business will trade exclusively on a U.S. exchange,” said CEO Kurt MacAlpine, seen here on Dec. 20, 2019. Tijana Martin/Tausi Insider CI Financial Corp. says it plans to file for a stock offering for its U.S. wealth-management business later this month, the next step in a plan to divide the company into two businesses, one on each side of the border. The plan includes delisting the current company’s shares from the New York Stock Exchange, chief executive officer Kurt MacAlpine told CI investors Thursday as part of the company’s earnings call. “Post-IPO, our Canadian business will trade exclusively on the Toronto Stock Exchange, and our U.S. business will trade exclusively on a U.S. exchange,” Mr. MacAlpine said. “The listings will be reflective of the primary market that each business operates in.” CI said the plan also may include selling a larger proportion of the U.S. business th...

Courtney Robinson is the global head of financial inclusion for Block (formerly Square, Inc.) and Leslie Jackson is the head of policy for Block in Canada. When it comes to social-impact investing, forget about the minutia of spreadsheet “metrics” and focus on getting the most important and truest measure right – trust. In our opinion, trust is the most powerful and clarifying social-impact measure there is. This may seem like a naive, idealized statement, but prioritizing trust isn’t a leap of blind faith. Finding trust in the context of social-impact investing requires grit, rigour and a level of diligence and discipline that transcends typical business metrics and key performance indicators (KPIs). It can also be uncomfortable, frustrating and time-consuming. Related: Social-impact investing pays in more ways than one. Here are the keys to an effective investment Prioritizing trust in the context of metrics-obsessed corporate culture is not easy. But, in our experience administeri...

The European Central Bank (ECB) is set to raise interest rates by 50 basis points in both February and March and will continue to raise rates in the months after, ECB governing council member Klaas Knot said in an interview with Dutch broadcaster WNL on Sunday. “Expect us to raise rates by 0.5% in February and March and expect us to not be done by then and that more steps will follow in May and June,” Knot said. In a separate interview with Italian newspaper La Stampa published on Sunday, Knot said it was “too early to tell” if the ECB could slow down the pace of its rate increases by the summer. “At some point, of course, the risks surrounding the inflation outlook will become more balanced,” he said. “That would also be a time in which we could make a further step down from 50 to 25 basis points, for instance. But we are still far away from that.” https://www.tausiinsider.com/european-central-bank-set-to-raise-interest-rates-by-50-basis-points-in-both-february-and-march-knot-s...