![]() ![]() Wealthsimple’s new fund is one of the first of its kind in Canada and will include some of Silicon Valley’s largest firms, like Accel, Andreessen Horowitz and Kleiner Perkins, who have put in early bets on companies like Instagram and Airbnb.High barriers to entry mean that Average Joe retail investors (who make up 10% of the daily trading value on the US stock market) had no real way of entering this realm, but now they’re being seen as a legitimate and growing source for potential funds. Lastly, VC funds require investors who can afford to wait for companies to actually grow into their potential (locking down money for several years).Not only does one need big money to get it on a venture deal, but you need to be in a position to shrug off potentially major losses.Why? It’s right there in the name … venture literally means a risky undertaking and these groups can typically afford to take that risk.You, yes you, can go out and get yourself a (small) slice of the great big VC pie that, like in an old Yogi Bear cartoon, was off-limits, but sitting tantalizingly close on an open windowsill.Ĭatch-up: VC funds provide financing to early-stage companies that have long-term growth potential-historically only accessible to institutional and ultra-wealthy investors. Wealthsimple is giving Canadian retail investors access to a venture capital (VC) fund investing in tech and health care companies-for as low as $5,000, per The Globe and Mail. Listen up: Employees list communication challenges as a leading cause of leaving their jobs-listening could help employers decipher what their employees want.Īccording to Microsoft’s 2022 Work Trend Index, 15% of Canadian employees left their job last year and 52% of generation Z and millennials, both globally and in Canada, said they’d think about quitting this year-but no pressure or anything, HR.Flexibility: Embrace the hybrid model and let people choose where (and when) they work, and introduce measures to make reduce those late-night Slack messages).Automation: Tasks that employees find the most meaningless and unrewarding are typically the ones that can be most easily automated, which frees up workers to do more fulfilling work.So, what can employers do to keep their workers from exploring greener pastures and bluer skies? That ol’ Christmas bonus won’t get them as far this year, but these things might: Looks like the so-called Great Resignation is evolving into the (admittedly less catchy-sounding) Great Reevaluation.Why it matters: Tomorrow’s budget (which totalled $440 billion last year) will set the federal government’s agenda as it heads into its seventh year in power.Ī new survey of Canadian office workers found that ‘meaning’ and ‘flexibility’ are now the biggest job incentives, with 71% of respondents saying they’d never take a frustrating or unrewarding job-even if the pay was higher. Scotiabank expects $12 billion to top up defence spending, both to fulfill its NATO promises (amid the invasion in Ukraine) and protect Arctic sovereignty. ![]() ![]() $9 billion may be allocated to a range of climate programs and green economy initiatives, such as cleantech and investments in zero-emission vehicles.We’re also looking out for several themes beyond housing … we’re talking climate change, electric vehicles, cybersecurity investments, (cooling down) pandemic spending, and (heating up) defence spending-phew, that’s a lot. The rundown: Experts told The Globe and Mail that the budget will likely also reflect Liberal election promises, as well as those tied to the party’s new buddy pact with the NDP. According to CTV, we’ll see a spotlight on housing affordability, including a package that’s expected to total about $10 billion over five years and moves to make it illegal for foreigners to buy residential properties in Canada for the next two years.today, Minister (of so many things) Chrystia Freeland will unveil the 2022 federal budget, the first budget announcement since the 2021 election. ![]()
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