The Calculus of Value - Oaktree Capital Management

Just a few years ago, applying to a prestigious university computer science program might have been a no-brainer for a student like Mahimn Patel. Mr. Patel, 18, built software for fun in high school, including an app that helped his classmates track their volunteer hours, and an artificial intelligence agent for realtors in Texas. During a recent video interview, he had multiple AI agents running in the background debugging his latest hobby horse, an AI-enabled app for stock trading. Getting into computer science, a notoriously competitive program at top Canadian schools, wouldn’t have been a problem for Mr. Patel. He graduated from Central Peel Secondary School in Brampton, Ont., in June with a 97 average. But Mr. Patel decided not to apply for a computer science program. He chose to pursue a degree in applied mathematics at the University of Toronto, where he started classes last week. “It’s mathematics and physics that develop your brain the most after four years of education. With AI, that development is what matters more,” he said.

By the end of next month, it is widely expected that the Government of Canada will make one of the most consequential military procurement decisions in modern Canadian history under the Canadian Patrol Submarine Project (CPSP). The contract for the acquisition and in-service support of 12 new submarines to replace the aging Victoria-class fleet is estimated to cost approximately $80 billion CAD and will fundamentally shape Canada’s defence posture for decades to come.

The meeting is the first such gathering since 2005, when premiers and then-prime minister Paul Martin met with Indigenous leaders in Kelowna, B.C.

Greentank, started by the grandsons of Shoppers Drug Mart founder Murray Koffler, have developed a device they say reduces the dangers of vaping to nearly zero

Oct 24, 2026, 12:00 p.m. EDT3 min readNYSE trading floor (Michael M. Santiago/Getty Images)SummarySince 2025, preferred stocks funded purchases of 135,979 BTC through Oct. 5, Fidelity said. Bitwise expects ETFs to remain the larger demand source, with preferreds attracting yield investors. Dividend obligations and buybacks could constrain further bitcoin purchases. Bitcoin BTC$84,459.46 treasury companies like Strategy (MSTR) and Strive (ASST), whose purchases help maintain demand for the largest cryptocurrency, have a tough balancing act, according to Fidelity Digital Assets and analysts who spoke to CoinDesk. On the one hand, they need cash to fund their purchases. On the other, they need to maintain investor appetite for new sales of the perpetual preferred stock that is their favored fundraising vehicle. As the number of shares in circulation grows, so do the dividend payments. The securities, which sit between debt and common equity in the capital structure with regular payouts and no voting rights, have financed purchases of some 136,000 bitcoin in the 20 months since their introduction, Fidelity research analyst Zack Wainwright wrote in a Tuesday report.