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Derek DeCloet

Derek DeCloet

Managing Editor at Bloomberg News - Toronto Bureau

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Influence score
26
Phone
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Location
Canada
Languages
  • English
Covering topics
  • General Assignment News

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Recent Articles

bloomberg.com

Oil-Rich Canadian Province to Adopt New Tax on Electric Vehicles - Bloomberg

Alberta, the province that produces most of Canada’s oil, is introducing a new tax on electric cars and trucks, symbolically pushing back against Prime Minister Justin Trudeau’s efforts to encourage sales of green vehicles.
bloomberg.com

Canada’s Top Pension Funds Pressured by CEOs to Invest More at Home...

Almost 100 top Canadian business leaders have signed an open letter to Finance Minister Chrystia Freeland and her provincial counterparts, urging them to change investment rules for pension funds to “encourage them to invest in Canada.”
bloomberg.com

BlackRock-Backed Commodities Exchange Startup Abaxx Raises Cash

Abaxx Technologies Inc., a financial technology startup founded by a former Goldman Sachs Group Inc. commodity strategist, is raising fresh equity as it prepares to launch trading in commodities futures.
bloomberg.com

Canadian Schools Sue Meta, ByteDance and Snap Over Social Media Add...

Schools in some of Canada’s largest cities have joined the legal fight against social media companies with lawsuits claiming Meta Platforms Inc.’s Facebook and others are harming children’s mental health and learning.
bloomberg.com

Canada Taps Ex-BOC Governor to Examine How Pensions Invest - Bloomberg

Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country.
bloomberg.com

Air Canada Employees Are Suspects in Toronto Airport Gold Heist - B...

Police named two Air Canada employees among the suspects in the theft of millions of dollars in gold from a cargo facility at the country’s busiest airport, in what’s been dubbed Canada’s largest-ever gold heist.
bloomberg.com

‘We Were Going to Win’: Activist Kingmaker Stages Coup at Gildan

Usman Nabi was certain from the beginning that it would end this way — with his firm seizing control of Gildan Activewear Inc. as the company’s directors headed for the exits.
bloomberg.com

Why Losing One Seat Was Such a Blow for Canada’s Trudeau

For eight years, Canadian Prime Minister Justin Trudeau — himself the son of former prime minister, Pierre Trudeau — has managed to keep his Liberal Party in power while navigating his share of drama. But a special election in Toronto on June 24, where a Conservative candidate flipped a seat held by Liberals for more than three decades, shows just how much Trudeau’s party has lost its favor with voters. As the country readies for a national election that’s expected in 2025, Trudeau and the Liber
bloomberg.com

RBC’s McKay Says Canada Is on ‘Wrong Path’ and Needs Tax Reform

Royal Bank of Canada’s top executive said the country’s economic policy has veered off track, and it needs a more competitive tax regime and a tighter relationship with the US.
bloomberg.com

Shopify, Slack Founders Join Thiel’s Valar in Backing Fintech Neo F...

The founders of Shopify Inc. and Slack Technologies Inc. joined Peter Thiel’s venture firm in a fundraising round for a financial technology company that offers credit cards, mortgages and savings accounts to Canadians.
bloomberg.com

Canada’s KingSett Freezes Payments on $3.5 Billion Property Fund

Real estate manager KingSett Capital Inc. suspended payments to investors in a large Canadian property fund, saying it needs to hoard cash as it deals with the consequences of the sector’s long slump.