The Digital Currency Group Debacle Explained
If you have been following the crypto world blowing up, you probably have heard the names Genesis and Grayscale mentioned in recent headlines. They are both actually owned by Digital Currency Group, which until recently, most industry insiders thought of as a well-respected conglomerate within the crypto universe. They own a whole crypto ecosystem of […]
Canadians Are Footing The Bill For Ukraine’s Natural Gas
Ukraine is filling up its underground storage facilities with natural gas, and Canadians are footing the bill. Earlier last week, Ukrainian Prime Minister Denis Shmyhal confirmed that state-owned Naftogaz received $344 million for the winter season that Canada’s government earmarked earlier in the summer. “Ukraine earlier received this money from the government of Canada,” he […]
Twitter’s Brussels Office Has Allegedly Been Disbanded, Raising Concerns Among Regulators
Twitter has disbanded its entire Brussels office, leaving European Union officials concerned over how the social media platform intends to comply with the bloc’s new stricter rules for Big Tech in policing online content. The company also no longer has a communications team, and it has yet to clarify whether the Brussels exits mean that […]
Company Profile: Spey Resources
Spey Resources Corp. (CSE: SPEY) is a Canadian mineral exploration company which holds option agreements to acquire 100% interest in the Candela II, Pocitos I and II lithium brine projects located in the Incahuasi Salar, Salta Province, Argentina through its wholly owned subsidiary Tech One Lithium Resources Corp. These projects are located in South America’s […]
China’s Collapsing Real Estate: Major Chinese Banks Agree to Support Embattled Property Developers
Several major Chinese banks have agreed to provide support for China’s property developers, as the country’s real estate market continues to crumble thanks to the sector’s surmounting debt pile. Three Chinese commercial banks are to provide capital to some of the country’s largest housing construction companies, alongside several government fiscal measures aimed at keeping the […]
Farewell, Twitter! 50 of Twitter’s Top 100 Advertisers Have Left the Platform Since Elon Musk Takeover
Since taking over Twitter, Elon Musk envisioned a social media platform where advertisers, prominent figures of all backgrounds, and ordinary users could flourish in a “town square” that isn’t a “free-for-all hellscape.” However, it appears that not everyone is on the same page as Musk, because Twitter is seemingly shedding advertisers left, right, and centre. […]
Mortgage Trigger Rates, Illustrated
Variables, adjustables, and the Mortgage Mafia’s itchy trigger rate finger. The Canadian housing boom boomed LOUDLY. Everyone felt the vibrations ringing through all of the different parts of the economy, and they wanted in. So, the banks accommodated them with variable rate and adjustable rate mortgages. These are loan products whose rates change with the […]
Elon Musk Plays Twitter God, Plans To Reactivate Banned Accounts
Elon Musk intends to reinstate nearly all previously suspended Twitter accounts. In a poll where he asked if the platform should “offer a general amnesty to suspended accounts, provided that they have not broken the law or engaged in egregious spam,” around 72.4% voted yes. “The people have spoken. Amnesty begins next week,” Musk tweeted. […]
CRA’s Recent Legal Skirmish A Rehearsal For Enforcing New Anti-Flipping Rules
Even before the new tax law is set to be enacted in 2023, real estate deals are already being challenged by the agency. The Canadian Revenue Agency (CRA) recently challenged a perceived real estate “flip” in court and got mixed results–a preview of what the new federal anti-flipping law will bring to the industry trade. […]
Manulife Lays Off Entire Property Management Team In Canada
Manulife Investment Management on Wednesday confirmed that it has dissolved the property operations team under Manulife Investment Management, the unit that oversees its real estate portfolio. This has resulted in around 50 employees being laid off from the company in Canada, with a yet unconfirmed number of layoffs in the US. The move is the […]