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Greg D’Avignon: John Horgan must create an environment that encourages investment in B.C. – Vancouver Sun

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The business council is committed to working with the new government to identify opportunities and policies that will enable a strong economy that supports British Columbians’ well-being and advances our collective prosperity.

Streamlining regulation, enabling B.C.’s export industries to thrive, improving government processes through the adoption of technology, modernizing the tax system, expanding child care, investing in rapid re-skilling, establishing innovation precincts, leveraging the province’s low-carbon advantage and creating an Indigenous Economic Development Centre of Excellence are among the suggestions we have made to the government.

We trust in the doctors, medical professionals and public health officials to guide us through this pandemic. But future generations depend on all of us, including business, government and Indigenous leaders, to work together to build a stronger tomorrow, starting today that sets us on a path to a private-sector-led, job rich recovery. Now is the time to act with purpose together.

Greg D’Avignon is president and CEO of the Business Council of B.C.


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Outlook 2021 – Future investment opportunities: green hydrogen – Investors' Corner BNP Paribas

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Read our investment outlook – Legacy of the lockdowns

More on green hydrogen and decarbonisation and sustainable investing


Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. The views expressed in this podcast do not in any way constitute investment advice.

The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns.

Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).

Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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Sandpiper Increases Investment in Artis REIT to 10% – Canada NewsWire

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VANCOUVER, BC, Dec. 2, 2020 /CNW/ – Sandpiper Group (“Sandpiper”) announced today that on December 2, 2020, it acquired, through Sandpiper Real Estate Fund 4 Limited Partnership (the “Fund“), an aggregate of 100,000 units (“Units”) of Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) in the open market through the facilities of the Toronto Stock Exchange at an average price of $11.10 per Unit or $1,110,000 in the aggregate (the “Acquisition”).

As a result of the Acquisition, Sandpiper owns and exercises control and direction over an aggregate of 13,612,584 Units, representing approximately 10.07% of the 135,221,252 Units issued and outstanding as reported in Artis’ Monthly Cash Distribution Announcement dated November 16, 2020. Prior to the Acquisition, Sandpiper owned and exercised control and direction over 13,512,584 Units, representing approximately 9.99% of the issued and outstanding Units.

The Units were acquired for investment purposes. Sandpiper believes that the Units of Artis are undervalued and represent an attractive investment opportunity.

“Our increase in our ownership in Artis further confirms our long term commitment in this investment,” said Samir Manji, CEO of Sandpiper. “We believe Artis has significant near term and longer term potential with an attractive, undervalued asset base. We look forward to working with the trustees and management at Artis to identify avenues and opportunities that will maximize value for all unitholders.”

Sandpiper and its affiliates may, from time to time, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over the securities of Artis through market transactions, private agreements, or otherwise.

Artis’s head office is located at Suite 600 – 220 Portage Avenue, Winnipeg, Manitoba, R3C 0A5

Sandpiper’s head office is located at Suite 1670, 200 Burrard Street, Vancouver, British Columbia, V6C 3L6.

An early warning report will be filed by Sandpiper in accordance with applicable securities laws. For further information and to obtain a copy of the early warning report filed by Sandpiper, please contact Alyssa Barry, Vice President, Capital Markets and Communications, Sandpiper at (604) 558-4885.

ABOUT SANDPIPER GROUP

Sandpiper is a Vancouver-based private equity firm focused on investing in real estate through direct property investments and public securities. For more information about Sandpiper, visit www.sandpipergroup.ca.

SOURCE Sandpiper Group

For further information: Alyssa Barry, Vice President, Capital Markets and Communications, Sandpiper Group, Phone: 604-558-4885, Email: [email protected]

Related Links

http://www.sandpipergroup.ca/

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"Tectonic forces" could cause economic upheaval: Poloz – Investment Executive

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This could lead to many different inflationary scenarios from a return to the 2% inflation target to an inflation outbreak, or to stagflation or deflation.  

“Personally, I would not weight them equally, but I would attach a meaningful weight to each of them and suggest that [investors] think about ways to preserve [their] capital should any of them arise,” said Poloz who is a special advisor with Osler, Hoskin & Harcourt LLP.

“We should not fall in love with the high probability scenario where inflation just returns to 2% and remains there.”  

One driver of high interest rates in recent decades was the population surge of the post-war baby boom. As this generation now moves into retirement, Poloz believes that the high real interest rates of the past “were an aberration” and should not be expected to return.  

While there is an expectation for interest rates to normalize along with inflation targets, Poloz notes there is growing concern that inflation could get out of control as governments borrow a “staggering amount of money.” 

The former central banker said that today’s central banks are well-equipped to keep inflation in check via monetary policy.  

However, three of the tectonic shifts mentioned could disrupt central banks in their policy goals: growing indebtedness, technological progress and rising inequality. 

Global indebtedness was on the rise long before Covid-19 hit, said Poloz.

As a result of monetary and fiscal policies that have prevented recessions, individuals and companies are not retrenching and rebalancing their finances as they might have done in the past. From an investor point of view, this leads to the danger of “zombie firms” that are not “washed out of the system” as they might have been.  

In the case of technology, progress generally means more efficiency and lower costs for companies over the long-term, said Poloz. But, that same progress can have serious economic consequences in the short term in the form of economic depressions and disruption 

The world is currently experiencing a fourth industrial revolution as the economy becomes digitized through artificial intelligence — which is leading to fears within workforces that a few large firms will scoop up all the economic benefits, leading to growing income inequality.

People believe and expect that economic growth is like yeast, it spreads everywhere, so everybody benefits,” said Poloz. “But the reality is more like mushrooms that pop up here and there and single firms can reap most of the benefits.” 

Climate change is also having a seismic effect on the economy as more companies try to shift their businesses to environmentally-friendly processes. The problem, noted Poloz, is “markets are really bad at distinguishing between shades of green. They’re essentially only able to tell the difference between green and not-green.” 

Firms will have to move towards “full carbon transparency,” which will require significant investments in analytics or consultancy work. And,  “firms who invest in this early deserve your attention,” said Poloz. 

With these forces in play, “volatility beyond the norm is now a given,” said Poloz. A firm’s risk management for these factors will be key to creating shareholder value and will likely be “the next channel of intangible investment.”

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