Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’ – BNN Bloomberg + MORE Mar 18th

Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain offers perspective on market-moving headlines to help Canadian investors navigate the cryptocurrency market.

Is crypto crashing?

The stock market is down—and so is bitcoin. Since December 2024, bitcoin (BTC) has fallen from over $106,000 to under $78,000 in recent days. (All figures in this article are in U.S. dollars.) That’s a 26% drop, most of which has happened in February and March. The decline is likely driven by fear and uncertainty stemming from a global trade war and the resulting possibility of inflation, a recession or both. What does this mean for Canadian investors? Let’s put this in perspective.

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Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’  BNN BloombergHudson’s Bay’s demise marks the death of the traditional department store in Canada  CBC NewsWhat could the liquidation sales be like at Hudson’s Bay? Retail experts weigh in  CTV NewsHudson’s Bay now seeks to close all 96 stores in Canada; liquidation could start Tuesday  Toronto StarOpinion: Richard Baker’s mastery of real estate deals wasn’t enough to save Hudson’s Bay  The Globe and Mail

Meet Steve Ambeault

Originally from Vancouver and a graduate of Simon Fraser University, Steve Ambeault has called Edmonton home since 2001. With a diverse background in finance, he began his career as an accountant at Grant Thornton before refining his skills in the tax group at KPMG. These early experiences set the foundation for his transition into finance roles at CIBC Wood Gundy and ATCO, where he gained valuable insights along the way.

In the early 2000s, Ambeault transitioned into wealth management, leveraging his accounting and tax expertise to help clients effectively manage risk and minimize tax burdens.

At Clear Sky since 2016, Ambeault leads the tax and planning groups, where tax planning is a key differentiator. He oversees tax coordination across both Calgary and Edmonton, ensuring that clients receive seamless support across the province.

With a wealth of experience, Ambeault focuses on delivering customized financial solutions that align with clients’ goals…