Australian investment firm QIC is exploring the sale of CampusParc, which owns a long-term concession for the parking operations at the Ohio State University, according to people with knowledge of the matter.
Greg Lippmann, the trader who was immortalized in Michael Lewis’s book “The Big Short,” sees a soft landing by the Federal Reserve as unlikely and is focusing on investments that would perform well in a tougher economic environment or if rates were to rise further.
(Bloomberg) -- Donald Trump rode down the escalator at Trump Tower to announce he was running for president in 2015. The Fifth Avenue skyscraper had long served as the backdrop to his business success story, which in turn became the foundation for his rise in politics.
(Bloomberg) -- The average monthly mortgage payment in the US increased 46% in 2022 as interest rate hikes squeezed home borrowers, according to the Consumer Financial Protection Bureau.
Trump presidency may drive Americans into Canadian real estate: Royal LePage CEO
Ian Vandaelle, chase producer, BNN Bloomberg
Donald Trump during his 2016 U.S. Presidential Election campaign
, The Canadian Press
Royal LePage Chief Executive Officer Phil Soper thinks some Americans will make good on their vows to move to Canada if Donald Trump is elected President. In an interview on BNN, Soper said a recession triggered by Trump’s social and economic policies could convince disenfranchised Americans to head north.
“Deporting eleven million workers and starting a trade war with China would place this tentative recovery in reverse,” he said on Tuesday. “If there was social unrest, you could see a material change in the desirability to leave: we’re next door.”
Soper said Americans with aspirations of moving to Canada in the event Trump takes the Oval Office will likely take a cautious approach, testing out the social fit in a new country by buying a secondary property.
“Where we might see a material change is, call it the ‘toe in the water’: you buy a cottage in Ontario or Alberta or British Columbia and you test something out,” he said.
Ultimately, Soper said demand may increase somewhat, but he doesn’t expect Americans to flock to Canada in droves.
“I think it could be material, but I’m not expecting a lineup at the border.”
HAVE YOUR SAY
What area of business and economic policy in the U.S. election matters to you most as a Canadian?