Richardson GMP
May 2018

North and South Korea Set Bold Goals: A Final Peace and No Nuclear Arms

SEOUL, South Korea — The leaders of North and South Korea agreed on Friday to work to remove all nuclear weapons from the Korean Peninsula and, within the year, pursue talks with the United States to declare an official end to the Korean War, which ravaged the peninsula from 1950 to 1953.

At a historic summit meeting, the first time a North Korean leader had ever set foot in the South, the leaders vowed to negotiate a treaty to replace a truce that has kept an uneasy peace on the divided Korean Peninsula for more than six decades. A peace treaty has been one of the incentives North Korea has demanded in return for dismantling its nuclear program. Read more...

The amount of retail space closing in 2018 is on pace to break a record

The amount of retail space going dark in 2018 is on pace to break a record, as companies with massive floorplans are either trimming back their store counts or liquidating entirely.

Department store chain Bon-Ton earlier this week was forced into liquidation, after a plan to restructure the business and keep some stores open fell through. The retailer, with a dual headquarters in Milwaukee and York, Pennsylvania, was operating more than 200 stores encompassing roughly 24 million square feet. Read more...

Beyond pipeline politics: Canada’s love-hate relationship with foreign direct investment

Invest in Canada, the new federal agency to attract foreign direct investment (FDI), is a positive step forward, because it creates a centre of expertise that can align with initiatives by major cities, provinces and other parts of the federal government. To accompany a new agency, Canada should undertake a timely rethink of the Investment Canada Act, with primacy given to protecting national-security interests.

There are many dimensions to Canadian FDI policy that are complex and misaligned. In many prominent cases, specific regional or industrial concerns collide with broader national economic interests, and emotion threatens to crowd out evidence and thorough analysis. Kinder Morgan’s prospective investment in the expansion of the Trans Mountain pipeline is the latest test case of the overall coherence of Canadian policy related to foreign investment. Read more...

Brumer Fenerdjian
Wealth Management Group
Jeffrey Brumer
Director, Wealth Management
Porfolio Manager
Tel.: 514.989.4835  •  Email
Allan M. Fenerdjian, FCSI®, CIM®
Director, Wealth Management
Porfolio Manager
Tel.: 514.989.4803  •  Email
Richardson GMP Limited
1250 René-Lévesque Blvd. West
Suite 1500
Montréal, QC  H3B 4W8

Toll-free: 1.800.989.4803


The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NB, NS, PEI and NL. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.