Top Business Headlines
 

July 16, 2019

 
 
Top news
 
Southern Ontario housing market sees strong growth, while sales still languish in parts of Western Canada
  Southern Ontario housing market sees strong growth, while sales still languish in parts of Western Canada
 

Janet McFarland

 
Real Estate Reporter
The Toronto region’s resilient housing market helped fuel strong sales and price growth in markets across Southern Ontario in June as home buyers in the GTA looked for more affordable properties.

 
The region shook off policy changes meant to cool overheated housing markets, but sales continued to languish in many areas of Western Canada.

 
Economic and employment growth have provided a base of support for improving home sales from the Toronto region southward, including the Niagara area and the southwest through Kitchener, London and Windsor, according to new data from the Canadian Real Estate Association.

 
 
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Editor's picks
 
CannTrust probe, sector woes hurt push for U.S. pot legalization, experts say
  CannTrust probe, sector woes hurt push for U.S. pot legalization, experts say
 

Andrew Willis

 
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Life after Aeroplan: Board battle erupts at loyalty plan’s former owner Aimia
  Life after Aeroplan: Board battle erupts at loyalty plan’s former owner Aimia
 

Tim Kiladze

 
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Quebec lumber company Stella-Jones plunges as long-time CEO Brian McManus steps aside
  Quebec lumber company Stella-Jones plunges as long-time CEO Brian McManus steps aside
 

Nicolas Van Praet

 
Quebec Business Reporter
 
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Latest posted news
 
Preparing the next leaders - five lessons learned from reimagining a golf course
 
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  Ontario government writes off $445-million loan to Chrysler from global financial crisis
 
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  U.S. judge slashes Roundup jury award to US$25.3-million; Bayer still plans to appeal
 
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Michael Babad's Business Briefing
 
  ‘Out-dovished’: Key central bank decisions promise to move markets amid heightened uncertainty
 

Michael Babad

 
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Opinion
 
To solve the world’s problems, the global development community turns towards the private sector
 

Joan Larrea and Justice Johnston

Joan Larrea is the CEO of Convergence, a global network for blended finance. Justice Johnston is a senior associate at Convergence.

 
What’s the price tag for a world that is economically prosperous, environmentally secure and socially fair? The United Nations estimates it’s around US$4-trillion a year.

 
The UN Sustainable Development Goals (SDGs) provide a road map to such a world. However, to achieve the SDGs in developing countries by 2030, almost US$4-trillion per annum is needed – much more than the current aggregate SDG-focused funding of US$1.5-trillion annually from domestic and international sources, including official development assistance from governments and philanthropic donations. The financing gap is particularly acute in the least developed countries (LDCs), which exhibit the lowest indicators of socio-economic development.

 
To close this funding gap, the global development community has been exploring ways to leverage the expertise and resources of the private sector. The private sector has long played an integral role in economic development and poverty reduction. It is responsible for creating almost 90 per cent of jobs in the developing world, as well as facilitating important technological innovation and the distribution of goods and services. Global capital markets hold more than $200-trillion in assets, and an allocation of just 1 per cent of these assets toward the SDGs would go a long way.

 
However, private investors face a number of barriers in developing countries, including high perceived and real risks and poor returns for those risks.

 
 
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Energy and resources
 
  World Bank orders Pakistan to pay Barrick Gold joint venture $5.8-billion in damages
 
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financial services
 
Health-benefits fraud happens every day — and it has real consequences
 
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Inside the Market
 
  Tuesday’s small-cap stocks to watch
 
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Economy
 
Canadian dollar pulls back from 9-month high as oil prices fall
 
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Technology, telecom and media
 
  Facebook’s cryptocurrency needs safeguards against money laundering, Mnuchin says
 
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International business
 
  Facebook vows Libra currency will wait for approval as U.S. airs worries
 
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Small business
 
Great Lakes tourism businesses struggle with record-high water levels
 
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Careers
 
  Mary Lohmus: ‘Trust your gut when you’re in a decision-making role, certainly in hiring’
 
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In case you missed it
 
Why this Canadian fund manager of $5.5-billion is betting big on health care and tech stocks (and avoiding energy)
  Why this Canadian fund manager of $5.5-billion is betting big on health care and tech stocks (and avoiding energy)
 

Brenda Bouw

 
Full Story
 
 
Free for subscribers
 
Join The Globe’s science reporter Ivan Semniuk and his guest experts July 15 at 7 p.m. as we celebrate Apollo’s 50th anniversary and learn more on Canada’s place in space exploration.
 
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