Banks in Canada have asked their government to make tax changes
Environmentalism is just another name for communism. Continue reading →
The Canadian dollar is dropping in value compared to the US dollar which is leading to some price suffering of our northern friends.
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Renewing your U.S. passport may become cumbersome if you don’t do it ASAP. Continue reading →
I’ve been following a case for several months now and very stunned in how it has played out.
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Somewhat surprising article from UK Telegraph but good economic trend they investigated. Read whole article here but below is a snippet.
Toronto is towering above the rest of the world’s luxury property markets, as the only city to record an acceleration in the sales rate of high-end homes from 2013 to 2014.
The Canadian city, well known for its economic stability, experienced a 37pc increase in the sale of luxury penthouses, apartments and houses in the 12 months to the end of December, after just a 4pc rise in the previous year, outstripping San Francisco, Sydney and Miami, according to a report from Christie’s international real estate group.
The study, which ranks the top 10 urban centres by the growth in sales of exclusive properties, found that the rate also slowed in Los Angeles, New York and Paris, while transactions declined in London, Dubai and Hong Kong last year.
Indiana currently is in the middle of the I-69 Highway project. Much of the financing for “Phase 5” made history but many didn’t take notice of why.
The I-69 Section 5 project will upgrade 21 miles of SR 37 (an existing four-lane divided highway) between Bloomington and Martinsville, Indiana to full Interstate standards. The $325 million project includes four new interchanges and four new overpasses, in addition to improvements at existing interchanges and additional travel lanes in urban areas along the corridor.
In April 2014 Canada’s Public Sector Pension Investment Board (which also holds a minority equity stake in Isolux Infrastructure) took a 49 percent equity stake in the concession company through its affiliate Infra-PSP Canada; this represents the first upfront direct investment in a U.S. P3 project by an international public pension fund. The partners reached financial close in July 2014, and construction is scheduled to take 28 months, with the project slated to open by the end of 2016.
JD Supra Advisor noted foreign investment in U.S. infrastructure projects like Indiana is a test run and stability is key for any future investments.
Given the long term nature of a P3 investment, political and regulatory stability is essential to encouraging investment. For overseas investors in the US market, this will require confidence that there is political and public acceptance of private sector investment in infrastructure.
Economist Mark J. Perry had a Keystone Pipeline perspective today on Twitter: