Connect with us


Alberta NDP announce plan to drive jobs, investment



An expedited regulatory process, consultations with First Nations communities and an expansion of several tax incentives highlight the NDP’s plan to attract jobs and investment to Alberta should they form government next year.

Opposition Leader Rachel Notley announced the NDP’s Competitiveness, Jobs and Investment Strategy for Alberta in Calgary on Wednesday, with revoking Premier Danielle Smith’s Alberta sovereignty act being a priority.

“First, we will repeal Danielle Smith’s and the UCP’s job-killing sovereignty act. This act is only creating instability and uncertainty in our economy at a pivotal time. We simply cannot afford this,” said Notley. “Second, we will maintain the most competitive general tax rate in the country while establishing and re-establishing and enhancing tax incentives focused on new growth and new jobs.”


Those tax incentives include reinstating the Alberta Investor Tax Credit and the Interactive Digital Media Tax. Notley said her government will also create a “future tax credit” aimed at luring large capital projects to Alberta in “emerging industrial sectors.”

“Alberta’s future tax credit is estimated to cost $250 million annually, which will leverage a projected $10 billion in incremental investments in emerging sectors and will create an estimated 20,000 jobs,” said Notley.

Notley is also planning to expand the Alberta Petrochemical Incentive Program by 30 per cent and consult with Indigenous communities on how to grow the Alberta Indigenous Opportunities Corporation. The fifth part of the plan would see a sped-up regulatory process for proponents who have a good record when it comes to protecting workers, paying taxes and following environmental compliance, among other criteria.

“We believe this program will help us get good projects that will create jobs and get them off the ground faster, while also providing new incentives to keep workers safe. Pay off the millions and millions in unpaid taxes owed to municipalities,” said Notley.

The presentation of the plan comes a day before Notley is scheduled to present a keynote speech to the Calgary Chamber of Commerce on Thursday afternoon.

Calls for Smith to apologize for comments on sovereignty, Indian Act

Notley also called for Smith to apologize for comments she made in the legislature this week comparing the way Alberta is treated by Ottawa to the treatment First Nations communities endured under the Federal Indian Act.

“The way I have described it to the chiefs I have spoken with is that they have fought a battle over the last number of years to get sovereignty respected and to extract themselves from the paternalistic Indian Act. We get treated the exact same way by Ottawa,” Smith said in the legislature on Tuesday.

Notley called the comments “ridiculous.”

“To suggest that Albertans have been subjected to a genocide at the hands of the federal government is not only ridiculous, but it is deeply diminishing to the real-life experiences of Indigenous people across our country,” said Notley. “Danielle Smith must immediately stand and apologize for the insensitivity and the outrageousness of those comments.”

Smith said in the legislature Wednesday she did not intend to compare First Nations’ fight against oppression to the relationship between the province and Ottawa. She apologized if that is how her statements were received.

“My intention was to demonstrate that the process that our First Nations have gone through to develop sovereignty over their own affairs and extract themselves from the Indian Act is the process that we are following in going through and asserting our rights under the Constitution,” said Smith.

Source link

Continue Reading


CPP Investments Anchors New IndoSpace Fund with US$205 Million Investment – Yahoo Canada Finance



MUMBAI, India, Jan. 30, 2023 /CNW/ – Canada Pension Plan Investment Board (CPP Investments) today announced an investment of US$205 million as an anchor investor in IndoSpace‘s new real estate fund. IndoSpace is a leading real estate company in India. The investment marks the first close for IndoSpace Logistics Parks IV (ILP IV), the company’s fourth development vehicle, targeting US$600 million of total equity commitments.

Image of sites (CNW Group/Canada Pension Plan Investment Board)

Image of sites (CNW Group/Canada Pension Plan Investment Board)

This is the latest venture between CPP Investments and IndoSpace. The first joint venture, IndoSpace Core, was established in 2017 and now owns the largest portfolio of stabilized modern logistics assets in India. CPP Investments has also invested in ILP III. Following the investment in ILP IV, the partnership will exceed US$1 billion in assets.

ILP IV will add an additional 25-30 million square feet to the IndoSpace portfolio, furthering IndoSpace’s leading position in the Indian market. ILP IV will focus on India’s largest logistics real estate markets: Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai, and Pune. The establishment of ILP IV follows on from the first three development funds, which have a combined total of 56 million square feet of modern logistics real estate in India.


Hari Krishna V, Managing Director, Head of Real Estate India, CPP Investments, said, “Over the past few years, we have made numerous investments in India’s industrial space, where we see strong demand as the manufacturing sector continues to grow and the e-commerce sector matures. We are pleased to be working with our longstanding partner IndoSpace to further capitalize on opportunities in this space and believe this investment will deliver strong risk adjusted returns for CPP contributors and beneficiaries.”

Brian Oravec, Managing Partner and CEO, IndoSpace Capital Asia, said, “We are excited to extend our successful partnership with CPP Investments. CPP Investments’ commitment to ILP IV is a testament to IndoSpace’s leadership in the industrial and logistics real estate space in India. ILP IV will allow us to continue to expand our unique national network to better serve our customers. Industrial and logistics infrastructure is a key enabler of economic growth. To meet India’s aim of becoming a US$5 trillion economy by 2025, IndoSpace is excited to continue to be one of India’s key infrastructure creators.”

About CPP Investments

Canada Pension Plan Investment Board (CPP InvestmentsTM) is a professional investment management organization that manages the Fund in the best interest of the 21 million contributors and beneficiaries of the Canada Pension Plan. To build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. As per September 30, 2022, the Fund totalled C$529 billion. For more information, please visit or follow us on LinkedInFacebook or Twitter.

About IndoSpace

IndoSpace ( is the largest investor, developer, and operator of grade A industrial and logistics real estate in India. IndoSpace has the largest national network of 50 logistics parks with 56 million square feet delivered/under development across 10 cities. With India’s largest and most experienced industrial real estate team, IndoSpace continues to lead the development of key logistics infrastructure for India’s economic growth. For more information, visit and follow us on LinkedIn, Twitter, and Facebook.

CPP Investments logo (CNW Group/Canada Pension Plan Investment Board)CPP Investments logo (CNW Group/Canada Pension Plan Investment Board)

CPP Investments logo (CNW Group/Canada Pension Plan Investment Board)

IndoSpace logo (CNW Group/Canada Pension Plan Investment Board)IndoSpace logo (CNW Group/Canada Pension Plan Investment Board)

IndoSpace logo (CNW Group/Canada Pension Plan Investment Board)

SOURCE Canada Pension Plan Investment Board



View original content to download multimedia:

Adblock test (Why?)


Source link

Continue Reading


Zacks Investment Ideas feature highlights: Meta Platforms, Alphabet, Snap, Oracle and Global Social Media ETF



For Immediate Release

Chicago, IL – January 30, 2023 – Today, Zacks Investment Ideas feature highlights Meta Platforms META, Alphabet GOOGL, Snap Inc SNAP, Oracle ORCL and Global Social Media ETF SOCL.

TikTok Ban Coming: 3 Stocks That Would Benefit

The Social Media Landscape Is Evolving

The social media landscape has changed dramatically over the past few years with the rapid ascent of the personalized video platform app TikTok. Despite TikTok’s rapid rise, Meta Platforms and Alphabet are still the dominant players. In terms of monthly active users, three Meta platforms make up the top four rankings globally: Facebook (#1), Whatsapp (#3), and Instagram (#4).

Alphabet holds the second spot with its video platform Youtube and TikTok is ranked #6. Even with the continued dominance of existing players like META and GOOGL, stock performance has been lackluster in recent years. The Global Social Media ETF is the most followed social media ETF (note that it does not include TikTok).

What has Led to the Underperformance of Existing Players?

For one, Meta CEO Mark Zuckerberg is paying less attention to his lucrative social media business and instead investing valuable resources in what he sees as the future – the metaverse. Approximately 20% of Meta’s current investments are aimed at this project. While the bold bet has not panned out for Zuckerberg and Meta yet, he plans to stay the course.


The other major factor leading to the underperformance in domestic social media platforms such as Instagram, Youtube, and Snap Inc’s Snap Chat platform is TikTok’s success.

Chinese-based ByteDance launched TikTok in the United States in 2016, and since then, the platform has dominated. The app, which allows users to create and modify short-form videos, has caught on, especially with the younger generation. TikTok’s competitors have noticed. To win eyes back, Instagram has launched “Reels” and Youtube has created “Shorts” –aimed at users who prefer short, customizable videos like Tik Tok.

SnapChat, already in the short video space, has suffered the most from TikTok’s rise.

National Security Concerns

Though TikTok is one of the dominant global social media players and shows little signs of slowing growth – other factors may play a significant role in the social media space moving forward. Concerns are growing that ByteDance is collecting unnecessary personal data on its users and possibly supplying it to the Chinese government (the biggest rival of the U.S.).

Former President Donald Trump attempted to ban TikTok in 2020, but ultimately the app was able to remain active. The Biden administration struck down the potential Trump ban on TikTok but ordered a national security investigation.

A Potential Catalyst for Domestic Social Media Platforms

Even with the failed TikTok bans of the past, momentum is growing for a new possible attempted ban. In the past year, FBI director Christopher Wray, FCC Commissioner Brendan Carr, and Senator Josh Hawley have called for a domestic TikTok ban. Meanwhile, several U.S. colleges have implemented their own bans (via WiFi) amid security concerns.

Tuesday, Josh Hawley announced he would introduce a bill to ban the app. Investors who follow the social media space should keep a close eye on how the efforts to ban the app play out. If the app is ultimately banned, SNAP will benefit the most, along with META and GOOGL. Software giant Oracle, which supports TikTok via its cloud platform, would stand to lose.

Why Haven’t You Looked at Zacks’ Top Stocks?

Since 2000, our top stock-picking strategies have blown away the S&P’s +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.

See Stocks Free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Oracle Corporation (ORCL) : Free Stock Analysis Report

Alphabet Inc. (GOOGL) : Free Stock Analysis Report

Global X Social Media ETF (SOCL): ETF Research Reports

Snap Inc. (SNAP) : Free Stock Analysis Report

Meta Platforms, Inc. (META) : Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research


Source link

Continue Reading


ChatGPT explains Warren Buffett's investing strategy, names stock picks – Markets Insider



  • Insider’s Phil Rosen asked ChatGPT to explain Warren Buffett’s investing strategy.
  • The viral language tool shared how value investing has given Buffett an edge, and broke down his best investment decision.
  • The bot also named two potential stocks that would align with Buffett’s strategy. 

ChatGPT, whose parent is getting a $10 billion investment from Microsoft, has shown its competence in writing stock stories, dating-app messages, and even an email announcing layoffs

As it turns out, OpenAI’s viral language tool fared well in its breakdown of Warren Buffett’s investing approach, too. 

I asked ChatGPT to explain the Oracle of Omaha’s most important strategy that helped him reach his legendary billionaire status, and within seconds the bot spat out an analysis of value investing.

“Warren Buffett’s most important investing strategy is value investing, which involves identifying undervalued companies with strong potential for growth and a durable competitive advantage, and then holding onto those investments for the long-term,” ChatGPT said. “He also follows a principle of investing in businesses he understands, with a focus on companies with predictable earnings and a strong track record of increasing profits.”

That said, when I inquired what Buffett’s most important decision has been in his career, ChatGPT pointed to his investment in Berkshire Hathaway decades ago. Buffett “transformed it into a holding company and used it as a vehicle to make a series of successful investments and acquisitions,” the bot said.

ChatGPT’s stock picks for Buffett

To fully carry out the interrogation, I tasked ChatGPT with naming stocks that Buffett could add to his portfolio. 

While the bot doesn’t have access to real-time markets data and its knowledge only goes up to 2021, it had plenty of historical intel to work with, given Buffett’s long career. 

It named PepsiCo and Unilever as stocks that would make sense for Buffett to invest in, given they’re consumer goods companies with strong brand recognition and consistent revenue growth. Buffett famously consumes five cans of Coke a day, but he had been a Pepsi drinker for nearly 50 years before that.

As for Unilever, Buffett had come close to sealing a deal on the company along with Kraft Heinz in 2017, but it eventually fell through.

ChatGPT also named Amazon, which Buffett already owns, and Microsoft, which Buffett owns an indirect stake in via ownership of New England Asset Management, as two examples of blue-chip companies with a track record of innovation.

Then it listed Johnson & Johnson and Pfizer — Buffett owns the former, and has previously owned the latter — as two stable healthcare options that would fit Buffett’s strategy.

Adblock test (Why?)


Source link

Continue Reading