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Bank CEOs say their Caribbean operations stand to benefit from cheaper oil Jan 18th
TORONTO – A combination of lower oil prices and cost-cutting is poised to help improve the Caribbean operations of some of Canada’s biggest banks, a region where they have struggled for years.
While they brace for loan losses and lower revenues in Western Canada due the plunge in oil, th.... More »
The best high-interest savings accounts in Canada for 2025 + MORE Feb 3rd
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Do inflation-linked bonds make sense in an era of rising interest rates? Feb 23rd
For a long time, inflation-linked bonds like TIPs (Treasury Inflation-Protected Securities) in the U.S. or Government of Canada Real Return Bonds (RRBs) seemed like valid alternatives to nominal bonds for inflationary environments. If inflation ticks above certain levels, such bonds—or exchange-tr.... More »
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' - Global News + MORE Apr 27th
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' Global NewsEvacuation order issued due to flooding in the Fort McMurray area CTV News EdmontonEvacuations ordered in Fort Vermilion as Peace River breaches banks Global NewsMili.... More »
At the open: TSX falls as lower commodity prices weigh + MORE Mar 8th
Wall Street higher as banks rise on strong ADP data
.... More »
Mt. Gox bitcoin exchange looks into criminal complaint, blames theft by hacking for bankruptcy
– canadianbusiness.com
TOKYO – The Tokyo bitcoin exchange that filed for bankruptcy protection blamed theft through hacking for its losses Monday, and said it was looking into a criminal complaint.
In an announcement posted on the Mt. Gox exchange’s website, CEO Mark Karpeles outlined the events that resulted in the company’s insolvency and said there was a “high probability” theft was behind the disappearance of bitcoins.
“We will make all efforts to ensure that crimes are punished and damages recovered,” Karpeles said.
He said Mt. Gox will try to resume business as a way of increasing repayments to its creditors.
The online exchange was unplugged early last week as rumours of its insolvency swirled, adding to doubts about the viability of bitcoins overall. Its woes are a setback for bitcoin, a virtual currency that has grown in popularity since its 2009 creation as a way to make transactions across borders without third parties such as banks.
Bitcoin has also become a highly speculative form of investing…
In an announcement posted on the Mt. Gox exchange’s website, CEO Mark Karpeles outlined the events that resulted in the company’s insolvency and said there was a “high probability” theft was behind the disappearance of bitcoins.
“We will make all efforts to ensure that crimes are punished and damages recovered,” Karpeles said.
He said Mt. Gox will try to resume business as a way of increasing repayments to its creditors.
The online exchange was unplugged early last week as rumours of its insolvency swirled, adding to doubts about the viability of bitcoins overall. Its woes are a setback for bitcoin, a virtual currency that has grown in popularity since its 2009 creation as a way to make transactions across borders without third parties such as banks.
Bitcoin has also become a highly speculative form of investing…
