Monthly Archives: August 2021

Canada’s economy contracts in Q2

Posted on August 31, 2021 by Danielle Park

Canada’s economy unexpectedly shrank 0.3% in the second quarter for an annualized contraction of 1.1% versus the consensus forecast of a 2.5% gain.  Declines in home resale activities and exports were the largest negatives.  Homeownership transfer fees shrank 17.7%.  Constraints … Continue reading →

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SEC investigating “gamification and behavioral prompts” in financial markets

Posted on August 31, 2021 by Danielle Park

These obvious admissions are ridiculously overdue, but public comments by the new Securities Exchange Commission (SEC) Chair Gary Gensler offer a glimmer of regulatory hope. Gensler admitted this week that payment for order flow — the back-end payment brokerages receive … Continue reading →

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Stock-linked executive pay and buybacks: a destructive combo

Posted on August 24, 2021 by Danielle Park

A new report from the Institute for Policy Studies finds that half of the 100 S&P 500 firms with the lowest median worker wage revised their pay rules in 2020, such that the median worker pay declined 2%, while CEO … Continue reading →

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