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Monthly Archives: July 2013

Recycling as urban mining: Toronto facility is largest in North America

How is recycling like baseball? They both spawn more statistics than a roomful of actuaries. Americans use and mostly throw away 2,500,000 plastic bottles every hour. Every year, nearly 900,000,000 trees are cut down for the pulp and paper industry in America. More than 1.1 million cell phones were recovered in Canada in 2012. North America has 4 per cent of the world’s population but consumes 25 per cent of the world’s resources. And on it goes. Now we can add another rather impressive statistic with a local significance: the largest recycling facility in North America is in Toronto. Phase 2 of the Canada Fibers Arrow Road MRF (Materials Recovery ... Read More »

Real estate sector creating heat with new REIT IPOs

Real estate continues to raise more money in initial public offerings than any other industry in Canada. The real estate sector was the most active in the three months just ended, with four new issues of REITs on the TSX in the second quarter. The value of the Real Estate Investment Trusts (REITs) was $293 million, according to a survey of IPO activity in Canada from PwC. The strength of the real estate sector is behind the public’s interest in REITs, according to PwC, which called it an “area of stability and growth.” Dean Braunsteiner, PwC national IPO services leader, said that more REITs are in the pipeline, including a ... Read More »

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