Post-Mortem: Business

• The Charter Time Warner Merger has completed.  Last May, I said there was a 30% chance the deal would complete.  At that point, there was still substantial uncertainty over whether the deal would go through.  Still, a 50% estimate (based on market movements) might have been better than a 30% estimate.
• Staples and Office Depot abandoned their merger, after US regulatory opposition (see my post Staples Merger Case).  Last December, I said there was a 75% chance that the merger would be abandoned.
• The LCBO waterfront lands have been sold to Menkes Developments (see my post LCBO Land Sale).  Last December, I said there was a 85% chance a sale would happen before the end of 2016, and a 50% chance of a sale to a company other than Wittington Properties (which was one of the bidders).
• There were no Bank of Canada interest rate changes in April or May (see my posts Canada Interest Rate April and Canada Interest Rate May).  I said there was a 75% chance of no change in April, and a 85% chance of no change in May.  Overall, I think I may have been over-predicting change.