Foreign investors help absorb rising public debt: NBF – Investment Executive

Debt Help

“Canadian governments are doing some heavy lifting these days, directly supporting a still-vulnerable economy and essentially taking up slack left by cautious private sector participants,” it noted. As a result, government budget deficits are growing, and borrowing needs are rising too, it said. “Collectively, Canadian governments (federal, provincial, local) borrowed roughly $50 billion in Q3,”…

Lidar-maker Luminar files for bankruptcy

Bankruptcy

Lidar company Luminar has filed for Chapter 11 bankruptcy protection after months of layoffs, executive departures, and a legal fight with its largest customer, Volvo. The company aims to sell off its lidar business during the bankruptcy proceeding, and has already reached a deal to sell its semiconductor subsidiary. While the company will continue to…