Abouzar Najmi

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State Of The VC Industry: A Tale Of Two Stories

If the start of 2015 was a wild party for venture capital, by many counts, the end was a massive hangover. For most of the year the deal environment was fast and furious, driven by VCs’ fear of missing out (“FOMO”), unusually high investing activity by non-traditional VC players, large late stage …

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PwC audit found no problems at Third Avenue's failed junk bond fund

BOSTON (Reuters) - Third Avenue Management’s failed junk bond fund received a clean bill of health in its final annual report from outside accounting firm PricewaterhouseCoopers LLP, which said the fund’s liquidation this month did not change its audit opinion.<p>PwC’s audit opinion, released Dec. …

Geophysics

Dollar gains vs euro on risk appetite, oil gains lift ruble

NEW YORK (Reuters) - The U.S. dollar gained against the euro on Tuesday after greater risk appetite hurt demand for the shared currency and new pressure from short sellers likely weighed, while the Russian ruble rose on higher oil prices.<p>U.S. dollars are counted out by a banker counting currency at …

Economics

Wall Street in 2016: What could possibly go wrong?

NEW YORK (Reuters) - By all rights, 2016 should be a good year for the U.S. stock market.<p>Traders work on the floor of the New York Stock Exchange in New York, December 28, 2015. REUTERS/Lucas Jackson<p>The Federal Reserve’s recent rate hike signals confidence in the economy and presidential election …

Stock Markets

2016 Politics Will Be ‘Unpredictable’ & ‘Raucous,’ Says Washington Post Reporter

<i>2015 was a rollercoaster year in politics that saw monumental decisions, like the same-sex marriage decision from the Supreme Court; the rise of unexpected candidates, like Donald Trump; departures of political mainstays, like House Speaker John Boehner; and a national and international debate over</i> …

Government

Predictions for the 2016 housing market

(Reuters) - Is this going to be your year to buy a new home?<p>An advertisement for two-family homes is seen outside an oceanside community in the Rockaway area of the Queens borough of New York, September 16, 2015. REUTERS/Shannon Stapleton<p>No housing expert has a crystal ball, but Svenja Gudell, …

Real Estate

The year stocks, bonds and cash went nowhere

The idea behind asset allocation is simple: When one market struggles, it's okay because an investor can jump into another that is thriving. Not so in 2015.<p>In fact, if you judge the past year by which the U.S. investment class generated the largest return, a case can be made it was the worst for …

Investing in Ontario’s economy – or not

Back in 2009, Ontario's Liberal government was ready to do almost anything to lure the burgeoning video game industry to the province.<p>The manufacturing sector was reeling from the recession. The auto industry was facing an existential threat. Every month, it seemed, brought fresh waves of …

Top Links: Bank profits beat expectations but analysts still concerned

<i>A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the Web.</i><p>I can't comment much on either of the two top of mind news stories this morning. The massacre in California is outside my purview and secondly, I'm still too irritated with the Ontario …

Climate change: These 25 stocks are part of the solution (and buys)

'Climate change: it's real, it's now and it's scary."<p>The statement isn't another reminder from environmental activists, frustrated at inaction by the developed world. Instead, it appears on the first page of an equity research report from Merrill Lynch – a report titled "A Call to Action – Climate …

Does Europe need Israel more than Israel needs Europe?

Israel has striven since its inception to be perceived as a part of Europe, an offshore Euro-island in a tempestuous sea of Arabs.<p>Over the years, it has made sure its best soccer clubs compete under the banner of UEFA, the Union of European Football Associations, as its best basketball teams play …

Indoor Herb Garden Tricks for the Most Lush Windowsill on the Block

An adaptable perennial beloved for its fresh fragrance and cool flavor, mint is a perfect candidate for indoor growth due to its hardiness. The herb should be kept consistently damp, but be careful: Drowning the plant in excess moisture will hasten its decomposition.<p>Furthermore, Carr advises, mint …

Plants

Why investors aren’t buying the banks’ earnings headlines

If there's one theme running through bank earnings so far this reporting season, it's this: No one is quite buying the numbers the banks are reporting.<p>The headlines look good, of course. Royal Bank of Canada on Wednesday said that its profit for the full 2015 fiscal year topped $10-billion, and its …

RBC’s record earnings look good, but problems persist in sector’s outlook

For the first time ever, a Canadian company has broken the $10-billion annual profit barrier. But beneath the surface of Royal Bank of Canada's 2015 earnings are troubling signs that growth in the Canadian banking sector is slowing to a crawl.<p>RBC reported its fiscal fourth-quarter and year-end …

Sun Life journeys deeper into India with increased stake

Sun Life Financial Inc. is elbowing its way deeper into India in search of growth as the country's insurance and investment market undergoes major changes.<p>As members of a growing middle class seek more ways to save for their children's education and protect their health, global insurers with …

How two young men are using TFSAs to build wealth

Kevin Stone is one of many Canadians waiting to see what changes the new federal government will make to tax-free savings accounts (TFSA).<p>Earning $50,000 a year, the Vancouver graphic designer doesn't quite fit the demographic of the "wealthiest Canadians" that some say benefit most from the …

Climate change brings opportunity, risk for Canada's forestry sector

Canada's forestry industry expects to be a clear winner as the world looks to transition to a lower-carbon economy, although climate change is posing threats to the sector as well as offering opportunity.<p>At the Paris climate summit this week, government ministers from tropical countries pledged to …

BoC’s rate policy is guided by inflation – but which one?

The Bank of Canada's latest rate-decision statement is a reminder that, amid all the moving parts of an economy in a complex transition, inflation remains its policy bottom line – though there's still a question of which inflation we should be talking about.<p>I can already hear some central bank …

Yoga, films, art class: For a healthy retirement, exercise body and brain

Elizabeth Knebli takes her exercise regimen very seriously. "It took me four years to figure out that retirement is another job," the former executive says with a laugh. "There are all sorts of things you need to learn."<p>On a sunny morning in November at a recreation centre in midtown Toronto, the …

Daily Deals: Sun Life bulks up in India and investors’ doubts on bank profits

<b>DEAL OF THE DAY</b><p><b>Sun Life boosts stake in India insurance joint venture</b><p>Sun Life Financial Inc. is spending $340-million to increase its stake in India-based Birla Sun Life Insurance to 49 per cent from 23 per cent. Birla Sun Life is a joint venture that Sun Life has with Aditya Birla Nuvo Ltd. of …

Liberals overestimating revenue from tax hike on top earners: report

The federal Liberal government is facing a multibillion-dollar cash shortfall as it prepares to deliver a Throne Speech Friday that will outline how it will turn campaign promises into government policy.<p>A new report to be released Thursday by the C.D. Howe Institute warns that the Liberals are …

S&P cuts ratings of eight major U.S. banks

JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. are among eight large U.S. banks that had credit grades cut one level by Standard & Poor's on the prospect that the U.S. government is less likely to provide aid in a crisis.<p>After signalling the move last month, S&P lowered its long– …

Restructuring charges drag down CIBC’s profit; boosts dividend

CIBC reports its net income for the fourth quarter was $778-million, a 2.8 per cent decline from the same time last year due to higher restructuring costs at the corporate level.<p>The bank's profit for the three months ended Oct. 31 amounted to $1.93 per CIBC common share – or $2.36 per share after …

TD beats forecasts as profit climbs on retail banking, trading gains

Toronto-Dominion Bank, Canada's biggest lender by assets, said fiscal fourth-quarter profit rose 5.3 per cent as higher earnings from retail banking and gains in trading revenue helped counter $243-million in restructuring costs tied to job cuts.<p>Net income for the period ended Oct. 31 climbed to …

ECB head Draghi’s stimulus efforts leave markets underwhelmed

For once, European Central Bank (ECB) boss Mario Draghi – dubbed Super Mario for his euro-saving efforts – wasn't so super.<p>With growth and inflation rates going pretty much nowhere in the euro zone, Mr. Draghi had been expected to haul out the stimulus bazooka on Thursday.<p>But the new stimulus he …

A look inside Jordan's largest refugee camp

Defence Minister Harjit Sajjan says he was impressed by the "tenacity" of families at a refugee camp in Jordan. A Canadian delegation got a tour of the Zaatari Camp, which houses 80,000 people, near the Syrian border

Australian PM says Justin Trudeau is making a 'big impact'

Australian Prime Minister Malcolm Turnbull told Justin Trudeau at a meeting in Malta that he hopes Canada will ratify the Trans-Pacific Partnership. Trudeau thanked Turnbull for helping him "navigate the global scene" at recent summits

New Canadian explains why he disavowed the 'royalty part' of citizenship oath

A new Canadian from Israel took the Oath of Allegiance to the Queen, then formally recanted it in Toronto on Monday. Dror Bar-Natan says having to swear allegiance to royalty in 2015 is similar to "hazing."