Category: Canadian
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Canadian Crypto Exchange Founder Guilty Of Stealing $9.5M
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Recently, a panel set up by the British Columbia Securities Commission (BCSC) found that cryptocurrency exchange ezBtc was responsible for defrauding users of $13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Cryptocurrency Savings Program…
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Canadian Crypto Exchange Founder Guilty Of Stealing $9.5M
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Recently, a panel set up by the British Columbia Securities Commission (BCSC) found that cryptocurrency exchange ezBtc was responsible for defrauding users of $13 million in Bitcoin (BTC) and Ether (ETH) between 2016 and 2029. The exchange’s founder misappropriated the funds and caused “actual loss” to investors. Cryptocurrency Savings Program…
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Canadian Red Cross announces financial assistance for people evacuated from Jasper due to wildfires in Alberta
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Article Content $750 will be provided to families evacuated from their primary residence in Jasper. OTTAWA, July 30, 2024 (GLOBE NEWSWIRE) — The Canadian Red Cross today announced it will provide $750 per household to people evacuated from their primary residence in Jasper, Alberta, to help individuals and families meet…
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Blaze in Canadian tourist town still out of control but rain helping firefighters By Reuters
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By David Ljunggren OTTAWA (Reuters) – A massive wildfire that has destroyed about a third of the western Canadian tourist town of Jasper remains out of control but rain and cold weather are helping firefighters, authorities said on Friday. Jasper is located in the heart of Alberta’s mountainous Jasper National…
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Canadian wildfire reaches Jasper, firefighters battle to protect oil pipeline By Reuters
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A wildfire reached the town of Jasper in the Canadian province of Alberta on Wednesday, authorities said, one of hundreds of blazes sweeping across the western provinces of Alberta and British Columbia, as firefighters struggle to save key facilities such as the Trans Mountain pipeline. Wildfires burning out of control…
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Canadian CPI cements a Bank of Canada rate cut next week – CIBC
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The Bank of Canada is scheduled to meet on July 24, and economists are increasingly confident that interest rates will be cut. This is also reflected in interest rate derivatives, which now show a 93% chance of a rate cut. The consumer price index slowed to 2.7% from 2.9%, with…
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USD/CAD bounces from the range low after soft Canadian jobs report. What’s next
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USD/CAD Daily The Canadian dollar fell after the unemployment rate rose in June to 6.4% from 6.2%. The market had expected it to rise slightly to 6.3% but the economy lost 1,400 jobs in the month and signs of weakness have mounted. That’s why the recent drop in USD/CAD could…
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Suncor shuts Firebag oil sands site from Alberta wildfire, lifting Canadian crude prices
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RiverNorthPhotography/iStock Not published via Getty Images Canadian heavy crude prices rose for the second day After Suncor Energy Company (New York Stock Exchange: SU) said it had reduced production at its Firebag oil sands site, a day after withdrawing all essential workers as a precaution due to Forest fires are…
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Canadian General Investments: Investment Update
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TORONTO, Canada, July 4, 2024 (GLOBE NEWSWIRE) — Canadian General Investments Limited (CGI) (TSX: CGI) (LSE: CGI) announced today that its net asset value (NAV) per share as of June 30, 2024 was $62.50, resulting in year-to-date and trailing 12-month NAV returns, including dividends reinvested, of 13.3% and 14.2%, respectively.…
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Canadian dollar underperforms as the Fed gets a greenlight to cut
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The Canadian dollar performed poorly today and the move was puzzling at first but on second look shows why it makes sense. Today the Canadian dollar rose by 0.5% which is a good gain but much less than the +1.2% for the Australian and New Zealand dollars. The performance of…
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Canadian Western Bank stock downgreaded by BMO post-acquisition deal By Investing.com
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On Wednesday, BMO Capital revised its position on… Western Canadian Bank (TSX::CN) (OTC: CBWBF), downgraded the stock from outperform to market perform, while simultaneously raising its price target to C$52.00 from C$35.00. This review follows the announcement on Tuesday that Canadian Western Bank has entered into an agreement to be…
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Investing in the Canadian housing market: 5 things to consider
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Breadcrumb links Business basics Learn how to familiarize yourself with the basics of real estate while signing up for helpful investment tools Published on June 06, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Image…
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Canadian dollar outlook dims on expected interest rate divergence By Reuters
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By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
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CORRECTION: CAA North & East Ontario and Canadian Museum of Nature announce ‘natural” partnership
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire …
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Canadian dollar under pressure amid rate cut expectations By Investing.com
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Inavesting.com – The Canadian dollar has underperformed compared to other pro-cyclical currencies since the beginning of May, dragged down by its correlation to US economic data and interest rate expectations from the Federal Reserve. Market analysts expect a 25 basis point interest rate cut by the Bank of Canada in…
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Canadian Net REIT Announces 2024 First-Quarter Results
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 21, 2024 • 8 minute…
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Canadian consumer spending strengthened broadly in April – RBC
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Red blood cells Outside From our monthly Canadian consumer spending tracker, the picture looks positive, with spending increasing in almost all categories. Retail sales, excluding automobiles, saw significant growth during the month, driven largely by higher purchases related to homes, sporting goods and apparel. These trends point to a broader…
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Canadian police arrest fourth man for murder of Sikh leader Nijjar By Reuters
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TORONTO (Reuters) – A fourth person has been arrested and charged with the killing of Sikh separatist leader Hardeep Singh Nijar last year, Canadian police said on Saturday, in a case that has strained diplomatic relations with India. Canadian police earlier this month arrested and charged three Indian men in…
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Binance Slapped With $4.4 Million Fine By Canadian Government
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Canada fined Binance – the world’s largest cryptocurrency exchange – for violating the country’s anti-money laundering rules last year. to General note Published on Thursday, the federal government said Binance had not complied with rules and registrations related to operating as a foreign financial services business (FMSB). Binance was fined…