Month

December 2018
Proposed Legislation Could Open Up Greenbelt to Development- Kingmount Capital
  The Greenbelt, 7,200 square kilometers of protected green space that rings the Golden Horseshoe, is up for discussion again.   During his Ontario Premier campaign, Doug Ford caused an uproar when he announced his intention to open up the Greenbelt for development. Ford’s idea was to use some of the large supply of underdeveloped...
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Toronto is Getting a New Amazon Office After All- Kingmount Capital
  Toronto was thrilled when it landed on Amazon’s shortlist for their HQ2 headquarters this spring. It was the only Canadian city to make the list of 20, which was an achievement in itself. While Amazon ultimately ended up splitting their HQ2 location between Long Island City, New York and Crystal City, Virginia, it seems...
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Bank of Canada Makes Decision on Interest Rate- Kingmount Capital
The Bank of Canada made their decision regarding interest rates on Wednesday, December 18th. They ultimately decided to leave the rate unchanged as they stated that future hikes would depend on a number of factors.   The Bank is maintaining the current interest rate at 1.75 per cent. The interest rate was last increased in...
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