CPP Investments to Spend Up to $430 Million On Luxurious New Toronto Office
The Canada Pension Plan’s investment arm, CPP Investments, is set to relocate its offices to a high-end development in downtown Toronto. According to the Toronto Star, the move could cost between $300 million and $430 million over a decade. This decision has raised concerns about the use of pension fund returns and transparency in the […]
Chase Bank Viral ‘Glitch’ Leads to A Massive Number of People … Committing Fraud
A recent system error at Chase Bank has led to a short-lived social media trend, with users claiming to exploit a “glitch” that allowed them to withdraw large sums of money without sufficient funds. The incident, which quickly went viral on platforms like TikTok and Twitter, has raised concerns about banking security and the spread […]
Realtors Are Throwing in the Towel: TRREB Membership Drops for First Time in Years as Market Cools
The Toronto Regional Real Estate Board (TRREB) saw its first year-over-year membership decline since at least 2016, with 1,363 fewer members in July 2024. Scott Ingram, a TRREB member and chartered accountant, told Storeys that there two primary factors contributing to this decline. First, the current market conditions are significantly less favorable than in recent […]
Billionaires Offer Solutions to Fix Unrealized Gains Loophole
In recent years, the debate over taxing the ultra-wealthy has intensified, with a particular focus on unrealized capital gains—profits that exist on paper, yet haven’t been cashed out. Unrealized gains typically escape taxation until the asset is sold, allowing the wealthy to defer their tax obligations indefinitely. However, a growing chorus of voices, including billionaires […]
FTC Starts Targeting Car Dealerships in Payment Packing Lawsuit
The Federal Trade Commission has taken significant legal action against three Texas car dealerships owned by Asbury Automotive Group, one of the largest automotive retailers in the United States. The dealerships—David McDavid Ford in Fort Worth, David McDavid Honda in Frisco, and David McDavid Honda in Irving—are at the center of a lawsuit that accuses […]
Toncoin Plummets Amid Pavel Durov’s Arrest and TON Blockchain Shutdown
The past week has been tumultuous for Telegram’s blockchain ecosystem, with a series of events that have left investors and users reeling. The Open Network (TON), a blockchain closely linked to the popular messaging platform, experienced a significant outage on Wednesday, just days after its founder and CEO, Pavel Durov, was arrested in France. Early […]
British Steel Denies Imminent Job Cuts as UK Steel Industry Faces Crucial Transition
British Steel has refuted claims of impending job losses at its Scunthorpe plant, countering reports from national media that suggested accelerated closures and job cuts. The steel manufacturer acknowledged ongoing production issues but emphasized that no decision has been made regarding the closure date of its blast furnaces. According to an unnamed source cited by […]
Nations Royalty: A First of Its Kind
In this face-to-face interview, Rob McLeod, CEO & Director of Nations Royalty (TSXV: NRC), provides insights into the company’s unique position as a majority indigenous-owned public company in the mining royalty sector.
Allstate to Hike California Home Insurance Rates by 34%, Largest Increase in Three Years
Allstate Corp. (NYSE: ALL) has announced plans to raise home insurance rates for its customers in the state of California by an average of 34.1%. This increase, set to take effect in November, represents the largest premium hike by a major insurer in California in three years and will impact approximately 350,000 policyholders. The rate […]
Burkina Faso Secures Control Over Two Gold Mines in Controversial $80 Million Deal
In a significant move reflecting the growing trend of resource nationalism across Africa, Burkina Faso has reached an agreement to nationalize two major gold mines—Boungou and Wahgnion—previously owned by Endeavour Mining (TSX: EDV). The deal, valued at approximately $80 million, concludes a contentious transaction that had initially been set at over $300 million in a […]