The U.S. is the larger and faster-growing opportunity: roughly 7.5x Canada’s telecom revenue base if comparing US$451.7B U.S. telecom services to C$59.6B Canadian telecom services, before currency adjustment

Starlink is not an existential threat to all Canadian telecom operators, but it is a serious strategic threat to the weak parts of the Canadian broadband market: rural fixed Internet, remote enterprise connectivity, aviation, maritime, mining, northern communities, backup connectivity, and locations where fibre or cable economics are poor. Canada’s telecom market remains dominated by mobile, fibre, cable, and bundled services, especially in cities.

Exhibit 1: The Morgan Stanley Space 60 maps the public-company “picks and shovels” behind the U.S. space economy. Instead of treating space as only rockets and satellites, it shows the full value chain from raw materials → specialty alloys → fuels → semiconductors → components → spacecraft/launch → satellite operators and services. The key idea is that space growth should not only benefit launch providers like Rocket Lab or spacecraft primes like MDA/Lockheed/Boeing, but also

The 3×3 Space Economy Map is a simple way to understand where value is created in space. It breaks the industry into three market domains: communications, navigation, and Earth observation and three infrastructure layers: physical space assets, ground/distribution systems, and software/application businesses. The key idea is that value often expands as you move “right” and “up”: satellites and hardware are capital-intensive, while applications built on space data, like broadb

Constellation is one of Canada’s most successful yet least understood technology companies. Founded in 1995 by Mark Leonard, the company acquires and operates niche “Vertical Market Software” (VMS) businesses across industries like healthcare, transit, utilities, and public sector operations.

The creation of value is highly correlated with the efficient and effective use of capital. ROIC is vital to value creation, but many companies don’t focus enough on improving their ROIC. Return on invested capital (ROIC) is an important driver of corporate performance. It measures how much profit a company generates for every dollar invested in the company and helps in understanding the company’s economic returns. ROIC is a strong driver of stock prices and equity valuation.

Mega sporting events such as the FIFA World Cup generate uneven economic impacts on host cities. Drawing on evidence from Brazil (2014) and Russia (2018), this paper argues that the World Cup does not create broad-based economic growth but instead redistributes demand across geography, industries, and time.

Salik operates Dubai’s electronic toll road system, launched by the Roads and Transport Authority (RTA) in 2007. The company listed on the Dubai Financial Market (SALIK.AE) in July 2022 and is majority owned by the government, which holds 75.1%, with 24.9% publicly traded.

Every year, tens of trillions of dollars of debt, from government bonds to CLO tranches, are priced, regulated, and invested based on opinions issued by just three firms. Together, S&P Global Ratings, Moody’s Investors Service, and Fitch Ratings form one of the most powerful and concentrated oligopolies in global finance.

When to Buy Buying a stock should never be based on impulse or short-term noise. Instead, the focus must remain on companies that consistently grow their earnings per share (EPS). This metric reflects not only the health of the business but also its ability to compound value for shareholders over time. Key Indicators for a Good Buy Another indicator of a good buy is a company that repeatedly launches commercially worthwhile new products. The ability to innovate year after yea

# Oil Demand Forecasts: OPEC+ vs. EIA and IEA Perspectives Abstract: As the world shifts toward clean energy, global oil demand forecasts are diverging sharply. OPEC+ projects that oil demand will not peak before 2050, instead rising to ~120 million barrels per day (mb/d). In contrast, the EIA expects demand to peak around 2035, while the IEA forecasts an earlier peak by 2029 in its Net Zero scenario. The core issue: will electric vehicles (EVs) and energy transition policies

ADNOC, headquartered in Abu Dhabi, is one of the world’s leading national oil companies with a production capacity of nearly 5 million barrels per day or ~4.8% of global output. It operates across the full energy value chain: upstream exploration and production, midstream logistics and processing, and downstream refining, petrochemicals, and retail. The company’s estimated annual revenue is around USD 118 billion

This paper examines the correlation between nationalist movements and gold demand, provides a regional outlook on nationalism through 2030, and contrasts the gold investment philosophies of Warren Buffett and Ray Dalio, two of the world’s most influential investors.

As the world accelerates its transition from fossil fuels to sustainable alternatives, it is imperative to examine the long-term impacts on global energy demand, emissions, and supply chains. This paper outlines the trajectory of oil and natural gas over the next 100 years, identifies the energy sources poised to replace them, and evaluates the sectors and critical minerals required to support this transition.

Natural gas is primarily methane (CH₄) with smaller amounts of hydrocarbons like ethane, propane, and butane (collectively called natural...

Market Potential Does the company have products or services with significant potential to drive long-term sales growth? Companies may...

Section 1: Business Overview Gogo is the market leader in internet and connectivity to business aircrafts in North America. Gogo’s...

In the e-commerce world, few companies have shaped the industry like Alibaba. Founded in 1997 by Jack Ma and nearly 20 other co-founders, it

Introduction Efficient use of capital is key to creating value in a company. One of the most important metrics for this is Return on Invested Capital (ROIC), which shows how much profit a company makes for each dollar invested . Despite its importance, many companies don't prioritize improving their ROIC. ROIC is a crucial factor in driving corporate performance and stock prices. While growth in revenue and profits also impact stock prices, ROIC is more important because

Spire operates 170 satellites on its flexible "LEMUR" platform to provide insights into weather, maritime and airspace activity , helping...