

Why Lower Prices Haven’t Solved the Housing Crisis
22 snips May 7, 2025
John McKenzie, CEO of TMX Group, shares insights on Canada’s housing market slump, highlighting a startling 23% drop in Toronto condo sales. He discusses the mixed signals of the economy, addressing the unique challenges of declining property values and rising interest rates. McKenzie also dives into the evolving role of stock exchanges, emphasizing the shift towards data services over traditional transaction revenues. The conversation concludes with a look at potential economic reforms and the need for infrastructure investments to spark growth.
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Vatican's Vast Financial Empire
- The Vatican operates like a vast global empire managing over 5,000 properties and priceless assets.
- Its financial resources are significant but traditionally poorly managed and opaque.
Pope Francis Reforms Vatican Bank
- Pope Francis reformed the Vatican Bank to improve transparency and compliance.
- These reforms led to steady profits reinvested into charitable initiatives, gaining trust of regulatory bodies.
Faith-Consistent Investing Challenges
- The Vatican Bank balances financial management with faith-based investment restrictions.
- It avoids investments in companies involved with weapons or reproductive care inconsistent with Catholic teachings.