'Too big to fail': COVID-19 and Canadian real estate

Could the "wealth-conjuring machine" that is Canadian real estate grind to a halt after the COVID-19 crisis exposed its worst weaknesses? That's the concern many who watch a sector that makes up a bigger part of the Canadian economy than oil and gas. Today on Front Burner, Bloomberg News' Vancouver bureau chief Natalie Obiko Pearson returns to explain how real estate became such a significant part of the Canadian economy, how Canadians went deeply into debt, and why now, the housing market in Canada could be "too big to fail." Continue reading at 'CBC'

[ CBC | 2020-05-05 04:00:00 UTC ]

Other news stories related to: "'Too big to fail': COVID-19 and Canadian real estate"


Pearson warns Covid-19 will hit profits and pauses share buyback

Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments postponed or waived.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-22 23:25:19 UTC ]
More news stories like this


Pearson Earned £65 Million In Profits from Its PRH Stake in 2019

Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
More news stories like this


“The House of God,” a Book as Sexist as It Was Influential, Gets a Sequel

Rachel Pearson reviews the sequel to “The House of God,” “Man’s 4th Best Hospital,” by Stephen Bergman, written under the pen name Samuel Shem, and discusses the book’s sexism and flaunting of privilege. Continue reading at New Yorker

[ New Yorker | 2019-12-25 13:00:00 UTC ]
More news stories like this


Pearson Sells Last 25% of PRH to Bertelsmann

U.K.-based publisher Pearson is selling its last shares in Penguin Random House, representing 25% ownership of the company, to Germany's Bertelsmann, which will now have 100% ownership of the company. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-18 05:00:00 UTC ]
More news stories like this


Pearson sells remaining stake in PRH, Fallon to depart

Pearson is selling its remaining 25% stake in Penguin Random House to Bertelsmann, as its c.e.o. John Fallon prepares to retire next year.  Continue reading at The Bookseller

[ The Bookseller | 2019-12-18 01:20:40 UTC ]
More news stories like this


Pearson wins contract with UK Home Office

Pearson has won a contract with the UK Home Office to deliver secure English language tests (SELTs) to people who need to demonstrate their English language skills to work or live in the UK. Continue reading at The Bookseller

[ The Bookseller | 2019-12-17 10:16:56 UTC ]
More news stories like this


Relatives of Canadians killed in Ethiopian Airlines crash arrive home with remains after 7-month wait

Members of several Canadian families who lost loved ones in the Ethiopian Airlines crash last March landed at Toronto’s Pearson International Airport Tuesday morning along with seven caskets carrying the remains of their relatives. Continue reading at CBC

[ CBC | 2019-10-22 17:42:52 UTC ]
More news stories like this


Philip Jones to interview Libro.fm's Mark Pearson at FBF

Editor of The Bookseller Philip Jones will interview former indie publisher turned audiobook pioneer Mark Pearson at the Frankfurt Book Fair, ahead of the announcement of the shortlists for this year’s FutureBook Awards. Continue reading at The Bookseller

[ The Bookseller | 2019-10-16 14:44:34 UTC ]
More news stories like this


RELX Group Is 2019's Biggest Publisher

The producer of STM and legal materials overtakes Pearson as the world’s largest publisher. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-10-11 04:00:00 UTC ]
More news stories like this


NBA is in a no-win situation as protest tweet sparks China furor

The NBA finds itself caught between two cultures, after a tweet about Hong Kong protests sparked criticism from China that threatens the U.S. basketball league’s expansion efforts in its most important international market. The controversy erupted after Daryl Morey, general manager of the... Continue reading at Advertising Age

[ Advertising Age | 2019-10-07 16:50:17 UTC ]
More news stories like this


'Weaker' Pearson US courseware tumbles 10% but revenues set to stabilise

In a third quarter trading update, Pearson has reported "weaker than expected" performance in its US higher education courseware business, with revenue down around 10%, but it still expects revenues to stabilise for the whole group this year.  Continue reading at The Bookseller

[ The Bookseller | 2019-09-26 09:00:05 UTC ]
More news stories like this


Pearson hackers access thousands of student accounts

Pearson has admitted a data breach that saw around 13,000 of its US school and university student accounts accessed by hackers. Continue reading at The Bookseller

[ The Bookseller | 2019-08-04 19:12:10 UTC ]
More news stories like this


PRH Added £25 Million to Pearson's First Half Earnings

As Pearson continues to overhaul its education operations, the company said its stake in Penguin Random House contributed £25 million to its adjusted operating profit, up from £22 million in the first half of 2018. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-29 04:00:00 UTC ]
More news stories like this


2 Sunwing Airlines workers among 11 charged in drug ring 'centred at' Toronto's Pearson airport

Two Sunwing employees accused of importing cocaine through Toronto's Pearson airport are among 11 people facing dozens of drug-trafficking charges after an undercover operation led by Kitchener RCMP and involving law enforcement in southern... Continue reading at CBC

[ CBC | 2019-07-26 14:59:35 UTC ]
More news stories like this


For advertisers, the Emmy halo effect is a thing of the past

Advertisers looking to shill for their products and services within the context of an Emmy Award-winning series are once again more or less out of luck, as premium cable and streaming platforms gobbled up most of this morning’s nominations. Of the dozens of scripted, reality and variety series... Continue reading at Advertising Age

[ Advertising Age | 2019-07-16 19:19:03 UTC ]
More news stories like this


School textbooks are on the way out – and pupils will lose so much with them | Sam Leith

Now Pearson is moving to digital-only, new generations will miss the memories bound up with the sight and smell of booksThe world’s largest publisher of textbooks is preparing to throw in the towel on print and paper: Pearson has announced a digital-first strategy for its US market. New books... Continue reading at The Guardian

[ The Guardian | 2019-07-16 15:56:37 UTC ]
More news stories like this


Education publisher Pearson to phase out print textbooks

Pearson says students will only be able to rent physical books as it makes all products "digital first". Continue reading at BBC World

[ BBC World | 2019-07-16 06:14:53 UTC ]
More news stories like this


Pearson breaks from print with 'digital first' policy for US titles

Pearson will start releasing its updated US titles in digital form first as it breaks with traditional educational publishing and begins phasing out print textbooks. Continue reading at The Bookseller

[ The Bookseller | 2019-07-15 14:01:34 UTC ]
More news stories like this


Security incident at Toronto's Pearson airport temporarily delays flights to U.S.

Flights to the U.S. from Terminal 1 at Toronto's Pearson International Airport were temporarily delayed early Saturday due to a security incident, the airport says. Continue reading at CBC

[ CBC | 2019-06-22 13:59:23 UTC ]
More news stories like this


WPP and iHeartMedia join forces to lure more audio branding business

WPP is hooking up with IHeartMedia on a new partnership aimed at luring more audio business from marketers. The venture, called “Project Listen,” will offer creative consulting and media planning covering multiple platforms, including broadcast radio, digital streaming, podcasts, smart speakers... Continue reading at Advertising Age

[ Advertising Age | 2019-06-17 10:00:00 UTC ]
More news stories like this