Chart Scan – Nov 28, 2024
Chart
Written by TSX Stocks on . Posted in Bulllish RSI. Leave a Comment
Chart
Written by TSX Stocks on . Posted in Parabolic SAR Buy Signals. Leave a Comment
Chart
Written by TSX Stocks on . Posted in Bullish MACD. Leave a Comment
Disclaimer:
We have not received any form of compensation for the generation of this blog
Any type of reproduction, copying or distribution of the material in this email is prohibited without a written consent from the site owner.
Disclaimer- By reading our newsletter you agree to the terms of our disclaimer, which are subject to change at any time. Owners and affiliates are not registered or licensed in any jurisdiction whatsoever to provide financial advice or anything of an advisory nature. Always do your own research and/or consult with an investment professional before investing. Low priced stocks are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold us, our editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters, website, twitter, Facebook and chat. We do not advise any reader take any specific action. Our website, newsletter, twitter, Facebook and chat are for informational and educational purposes only. Never invest purely based on our alerts. Gains mentioned in our newsletter, twitter, Facebook and on our website may be based on EOD or intraday data. We may be compensated for the production, release and awareness of this newsletter. This publication and their owners and affiliates may hold positions in the securities mentioned in our alerts, which we may sell at any time without notice to our subscribers, which may have a negative impact on share prices. Our emails may contain Forward Looking Statements, which are not guaranteed to materialize due to a variety of factors. We do not guarantee the timeliness, accuracy, or completeness of the information on our site or in our newsletters. The information in our email newsletters, twitter, Facebook our website and chat is believed to be accurate and correct, but has not been independently verified. The information in our disclaimers is subject to change at any time without notice.
We are not held liable or responsible for the information in press releases issued by the companies discussed in these blog. Please do your own due diligence.
Written by TSX Stocks on . Posted in Canada. Leave a Comment
Oxford Properties has signed what it calls the largest office lease this year in Toronto’s downtown core, with EY Canada at the tenant’s namesake building.
The lease at EY Tower at 100 Adelaide St. W. sees the assurance, consulting, tax, strategy and transaction services provider remain in its existing space and add an additional 50,000 square feet in a long-term renewal. It brings EY’s total footprint at the 900,000-square-foot building to over 300,000 square feet.
This maintains EY Tower at 100 per cent occupancy, significantly outperforming the downtown Toronto office market, which had a vacancy rate of 13.5 per cent in the third quarter.
“We’ve been good partners with EY, dating back to 2012 or 2013, to launch this project and deliver their workplace of the future,” Oxford vice-president and head of eastern Canada office Kevin Hardy told RENX in an exclusive interview. “And then, through the pandemic, there were lots of conversations with EY about what their needs were.”
EY Tower was already fully leased when EY expressed its need for the additional 50,000 square feet, so Oxford negotiated a termination deal with an existing large institutional tenant that had space elsewhere. While that wasn’t in an Oxford-owned building, Hardy said the company has space in other Oxford buildings around the globe.
EY Tower was originally a 16-storey Art Deco commercial building dating back to the 1920s. Oxford completed the redevelopment of the site in 2017, transforming it into a modern 40-storey LEED Platinum- and WELL-certified tower that integrates the historic structure.
EY Tower is in Toronto’s Financial District and within easy walking distance of two subway stations. It provides direct access to the underground pedestrian PATH network, dining, shopping and entertainment.
“Coming out of 2022, EY found they were starting to leverage their office space a lot more to drive culture, collaboration and efficiencies,” Hardy said, noting EY Tower satisfies those needs.
The building offers: 591 underground parking stalls along with electric vehicle charging stations and a car wash; bicycle storage and shower facilities; a fitness/wellness centre with programming and classes; a daycare centre; collaborative workspaces; conference facilities; event space; efficient floor plates; outdoor space; and abundant natural light
EY Tower is also home to several other firms, including the head offices of Oxford, OMERS and the Toronto Stock Exchange.
Oxford was established in 1960 and has become a global real estate company by investing in properties, portfolios, development sites, debt, securities and real estate businesses. The OMERS-owned firm and its portfolio companies manage approximately $84 billion of assets.
Oxford’s owned portfolio encompasses office, logistics, retail, multifamily, life sciences, hotels, alternatives and credit. It also has more than 70 development projects underway globally, across all major asset classes.
Oxford’s Canadian office portfolio is benefitting from the bifurcation of the office market and the ensuing flight to quality. The company significantly outperforms the market in its three Canadian markets of:
Inquiries and tours across the portfolio are strong and almost back to pre-COVID-19 pandemic levels, and rents have been maintained, according to Hardy.
“Our customers not only value the quality of the space we deliver, but the quality of the service and the quality of the communities that we provide to them. I think that’s helping our retention level and the demand pipeline to stay high.”
Oxford is focused on “changing our service model from a reactive customer service approach to a hospitality-focused customer service mindset. We want to be more proactive, more relational and less transactional.”
Hardy said Oxford is pre-building suites for vacant spaces of 5,000 square feet and below, so it’s spending money on those instead of offering major incentives in lease transactions.
“We’re not ignorant to the fact that some B-class assets would probably be offering substantially different financial terms,” Hardy explained, “but that’s a different market and a different quality of space.
“If customers want that as their solution, that’s perfectly fine, and there are going to be customers for that. But we haven’t felt the need to compete with that or been driven to it.”
Most of the good sublet space in Toronto’s downtown core office buildings has been scooped up, according to Hardy, who said Oxford’s portfolio in particular has had “pretty minimal” sublet activity.
Hardy said Oxford’s biggest block of vacant office space is at 111 Richmond St., a 70-year-old, 16-storey building that’s part of Richmond-Adelaide Centre. It has 58,453 square feet of available space, according to its web page, but Hardy said there are prospective tenants targeting all of it.
Oxford has no other major office lease expiries until 2027 and 2028. Hardy said the portfolio is so healthy the company is contemplating marketing its The HUB site at 30 Bay St. for lease-up.
The property was purchased in 2017 for $96 million by Oxford and the Canada Pension Plan Investment Board, on a 50/50 basis.
A proposal for a 57-storey tower with 1.33 million square feet of office and retail space, 270 underground parking spaces and a connection to the PATH network was submitted to the City of Toronto in August 2020, but there’s been no development activity due to the subsequent downturn in the office market.
“We don’t have any doubt that the type of space a new building would provide would be in demand, but whether the economics of today’s market could afford the construction cost is a different question,” Hardy said.
Written by TSX Stocks on . Posted in Canada. Leave a Comment
Trusted News Since 1995
A service for global professionals
·
Thursday, November 28, 2024
·
764,571,637
Articles
·
3+ Million Readers
Written by TSX Stocks on . Posted in Canada. Leave a Comment
Trusted News Since 1995
A service for global professionals
·
Thursday, November 28, 2024
·
764,559,552
Articles
·
3+ Million Readers
Written by TSX Stocks on . Posted in Canada. Leave a Comment
Desert Metals Limited (ASX: DM1) has appointed non-executive director, Patrick Flint, as chairman.
Desert Metals explains that Mr Flint brings extensive experience and significant corporate expertise to the board. He is a qualified accountant and a member of the Australian Institute of company directors. He has been involved in the resources sector for 25 years as a director or company secretary of ASX and Toronto Stock Exchange listed companies with mineral projects in Australia, Africa, and Asia.
Additionally, he has significant experience with project acquisition, exploration and development, joint venture negotiation and management, fundraising and corporate management, and governance. Mr Flint joined the board of Desert Metals earlier this year.
Desert Metals MD, Stephen Ross said: “We are pleased to have Patrick accept the role of chairman of Desert Metals. Patrick has been involved with our Côte d’Ivoire gold assets since we acquired them in January 2024 as he continues to apply more than 25 years of African operational and administrative experience to our board. His exploration, development and financing, government relations and corporate administration experience in Africa will continue to be invaluable to our company as we continue to explore our projects in Côte d’Ivoire.”
To read more about this, please visit www.desertmetals.com.au
To read more news like this, please visit www.theassay.com/news
Written by TSX Stocks on . Posted in Canada. Leave a Comment
For many people across Canada, there is nothing more important than residing in a province that is thriving economically. Ontario is Canada’s foremost province when it comes to economic leadership, and as the most substantial component of the Canadian economy, it is leading the charge in several key emerging industries.
Ontario has established itself as a hub for innovation, and it is pushing the boundaries in several industries to increase the province’s global relevance. Below, we’ll look at six industries quickly becoming favourites of consumers, businesspeople, and economists within the province.
Online gambling has long been a part of the gray market in Canada, used by consumers but not controlled by regulators. This changed in 2021 when a bill was passed enabling provinces to control their gambling industries. Ontario has been the first to capitalize, opening its door to a huge range of betting operators. In a very short period of time, legal online casinos in Ontario have taken off. Regulators are now able to tax these websites, and they can base themselves in the province, opening up thousands of new jobs. It has been a multi-billion-dollar success thus far.
The Financial Technology, or Fintech, industry plays a hugely prominent role in Ontario. While Fintech is popular across the country, it is most popular in Ontario, where the Toronto Stock Exchange and most of the biggest banks are headquartered. Naturally, several companies have managed to create massive businesses by creating technology that makes financial services more efficient and accessible. Wealthsimple is a shining example of the Ontario fintech market, a start-up that began just a decade ago in Ontario and now holds tens of billions of dollars in assets, mostly from retail investors.
Over the past several decades, consumers have become increasingly reliant on Ecommerce for their everyday shopping needs. People now purchase everything online and expect prompt delivery, with operators like Amazon, Alibaba, and more providing Ecommerce services on a global scale. The industry is worth trillions of dollars, and Ontario is right at the forefront of it. There are many major Ecommerce companies that operate out of Ontario. Amazon has offices in the province, DoorDash provides food delivery services, and Bolt is another rising name. Shopify, an e-commerce platform founded in Ottawa, now has a market cap of over $200 billion and is headquartered in Ottawa.
Similar to the world of sports betting, marijuana was once illegal in Canada but now is a major part of the country’s economy. Legalized marijuana is a massive industry that is a huge source of revenue for a vast number of Canadians working in the sector. Following the legalization of marijuana in 2018, a huge number of shops, delivery services, and platforms sprang up. In less than a decade, it has been a smashing success for the country’s economy. According to an expansive report by Deloitte, legalized marijuana has generated more than $13.3 billion for the Ontario economy since 2018.
We are now living in a time where many are shifting their attention to the risks posed by climate change, and clean, environmentally friendly products have surged as a result. While this is true worldwide, Ontario has been one of the places that emphasized pivoting to clean technology. Ontario’s clean technology sector includes energy storage, renewable energy, and other technologies intended for a low-carbon economy. There are numerous climate-related goals that the province and country have set, and a real emphasis needs to be focused on the cleantech sector in order to reach these goals.
Stop me if you’ve heard this one before, but the artificial intelligence industry is set for liftoff. It seems like AI has been the talk of the world for the past several years, with rampant speculation about what it means for the job market and the global economy. While speculation has led some to believe AI is coming for everyone’s jobs, the current state of affairs is that AI is a major employer. There are countless companies across Ontario that are investing heavily in artificial intelligence and relying on skilled experts to help them implement new systems and processes. Many start-up enterprises have also surged to popularity and success in Ontario, with the promise to help harness AI to work for good in a range of industries. While the future could alter this positive impact, right now, AI stands out as one of Ontario’s premier emerging markets.
lead photo by Igor Omilaev on Unsplash
Other articles from totimes.ca – otttimes.ca – mtltimes.ca
Written by TSX Stocks on . Posted in Below Bottom Bollinger Band. Leave a Comment
Chart
Written by TSX Stocks on . Posted in Bulllish RSI. Leave a Comment
Chart