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How to protect your crypto from hacks + MORE Oct 28th
2022 has been a tumultuous year for cryptocurrency markets. Significant and sustained price declines have shrunk the overall crypto market value below $1 trillion—a significant retreat from its all-time high of $3 trillion in November 2021. (All values in U.S. dollars.)
What has intensified inv.... More »
Canada and India can’t seem to make a trade deal. Here’s why. + MORE Feb 21st
Canada’s Prime Minister Justin Trudeau chats with Natarajan Chandrasekaran, the chairman of Indian conglomerate Tata Sons, in Mumbai on Feb. 20, 2018. (Photo: Indranil Mukherjee/AFP/Getty)
In the summer of 2011, newly-appointed Minister of International Trade Ed Fast travelled to New York, whe.... More »
The anatomy of a housing bubble May 21st
(Julianna Funk/iStock)
Bob Thompson is a vice president and senior investment adviser at Canaccord Genuity Wealth Management in Vancouver.
Every 20 years or so, investor dementia sets in. Memories are wiped clean, allowing individuals to make the same mistakes over and over again. My 20 years i.... More »
Buying your first car in Canada: Insider tips from a salesperson + MORE Dec 11th
Buying a car is a major financial decision, possibly the biggest purchase you’ll ever make besides buying a home. Monthly housing costs should not take up more than 32% of your gross household income. Your car budget, while much smaller, could still be as high as 10%. And with Canada’s increasin.... More »
Webull Canada Review 2024 + MORE Jan 19th
Webull has arrived in Canada. The buzzy stock trading platform, which has 11 million customers around the world, announced on January 2 that it was accepting applications for Canadian accounts.
Is Webull available in Canada?
Yes. Webull Corporation, a popular Cayman Islands-owned a.... More »
Malaysian leader faces risk of criminal charges over allegations he got $700M from state fund
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Malaysian Prime Minister Najib Razak is facing the risk of criminal charges over allegations that hundreds of millions of dollars were funneled from an indebted state fund to his personal bank accounts, the first time a Malaysian leader has faced criminal allegations.
The attorney general confirmed late Saturday that he has received documents from an official investigation that made the link between Najib and the investment fund 1MDB. The existence of the documents was first reported by the Asian Wall Street Journal on Friday, showing some $700 million were wired from entities linked to the fund into Najib’s accounts.
The documents sent to the attorney general pave the way for possible criminal charges.
It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership. He has denied taking any money for personal gains.
“It’s damning and disastrous for Najib,” said Wan Saiful Wan Jan, who heads the Institute for Democracy and Economic Affairs think-tank…
The attorney general confirmed late Saturday that he has received documents from an official investigation that made the link between Najib and the investment fund 1MDB. The existence of the documents was first reported by the Asian Wall Street Journal on Friday, showing some $700 million were wired from entities linked to the fund into Najib’s accounts.
The documents sent to the attorney general pave the way for possible criminal charges.
It is one of the worst political crises for Najib, who has come under increasing criticism over his leadership. He has denied taking any money for personal gains.
“It’s damning and disastrous for Najib,” said Wan Saiful Wan Jan, who heads the Institute for Democracy and Economic Affairs think-tank…
