Good morning!Family law courts are looking for ways to get rid of multiple experts and find just one to settle cases; plans for a smart city on Toronto’s Waterfront holds many promises and uncertainties; unsolicited M&A deals in Alberta’s oil industry signals a potential future of more to come; and the U.S. Federal Reserve holds interest rates as the U.S. economic outlook remains more muted.
TOO MANY EXPERTS Former Dragons’ Den star Robert Herjavec’s divorce case is still up in the air as the judge got increasingly frustrated with hired experts to settle the case. Hired from both sides, these experts have testified values of shares in private companies and income for support purposes, which the judge ruled as biased, writes Laurie H. Pawlitza.
SMART CITY Toronto is set to house ‘Google’s smart city’ on the Toronto Waterfront. In the next decade or so, Torontonians can expect a technology-infused, data-driven, futuristic neighbourhood “reimagining cities from the internet up.” While some urbanists look forward to a little spruce to their city, activists are worried about it becoming a hotspot for data collection and privacy violation, writes James McLeod.
UNSOLICITED MERGERS Alberta’s oil industry is seeing a lot of mergers that could mean more M&A are to come.Investment bankers and dealmakers hope that more deals are struck after 2018 saw a drop in M&A deals, reports Geoffrey Morgan. There were 98 mergers and acquisition transactions in the Canadian energy sector last year, a 21 per cent drop from the 124 announced in 2017, according to Financial Post Data.
THE FED ON HOLD The Federal Reserve is holding it’s 2.25- 2.5 per cent interest rate in a move to reduce their balance sheets. The central bank said that it is ready to adjust details and even alter the balance sheet’s size depending on economic and financial developments. This decision came after the U.S. government shutdown- which ended late last week- delaying the release of statistics in retail and gross domestic product sectors.
MICROSOFT, FACEBOOK & TESLA It was a mixed bag for three major tech players in the U.S. Microsoft Corp’s stock price slid in after-market trading as its Azure cloud computing platform grew at a slower pace in the December quarter compared with a year earlier; Tesla Inc. disappointed investors as it reported smaller fourth quarter profit than previous quarter, but Facebook Inc.’s shares surge as quarterly profit, revenue beat estimates.