I didn’t see that coming. Finance Minister Flaherty has voiced the concern shared by many that a further reduction in tax paid by corporations (via continued income trust offerings) would only mean an increased burden on individual taxpayers. It appears that Finance finally did the math and didn’t like what it saw on the leakage
Advisory Council member appointed to Bank of Canada board
Congrats are in order to our advisory council member Phil Deck, Chairman and CEO of our former portfolio co., MKS Inc. The Federal Finance Minister announced this morning that Phil has been appointed to the board of the Bank of Canada. Our advisory council is a volunteer resource for our portfolio companies and LPs, and
Free fighter jets – to a good home
When we invested $6.5 million in Top Aces last year, part of our security package involved taking a charge over several French/German Alpha Jet fighter jets. 1984 vintage. As they’d been purchased from a USA broker, the U.S. State Department and Dept. of Homeland Security required us to register as an “arms dealer” before we
Aggregation for Dummies
I got a kick out of the fact that the New Zealand News picked up our $6 million financing for Wmode. Either they’re keen on developments in mobile content down under, or else the fact that “Wellington” is the name of the capital of NZ might have had something to do with it. Perhaps the
How much wind is too much
When you have $10MM in a space, you tend to pay particular attention to relevant front page news stories . The Globe and Mail’s piece this morning was curious in a way. To talk about the spectre of a 5,000 MW cap on Ontario wind power production, when there’s only 320MW currently turning and another
