All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
US-China tension laid bare at Asian economic summit - Financial Times Nov 18th
Financial TimesUS-China tension laid bare at Asian economic summitFinancial TimesRivalry between the US and China was laid bare at the Asia Pacific Economic Co-operation meeting over the weekend, as Xi Jinping, China's president, and Mike Pence, US vice-president, sparred over trade and securit.... More »
At midday: TSX slides as investors flee riskier assets + MORE Aug 10th
Wall Street reels under N. Korea tensions, tepid retail earnings
.... More »
A shack in Vancouver is selling for $7 million. Here’s what you could buy elsewhere. Mar 21st
In 2015 a shack in Vancouver’s West End made headlines when it sold for nearly $3 million. Just 27 months later, the rundown pile is back on the market and making headlines again, with an asking price of close to $7 million.
Barclay Street home in Vancouver’s West End for sale for almos.... More »
Premarket: Global stocks claw back losses but set for second weekly fall Nov 17th
Longest weekly losing streak since August; European stocks sluggish as earnings disappoint
.... More »
Biotech stocks: are they worth a shot? May 25th
There’s a hot new investment on the market that wouldn’t have been on many people’s radars only a few weeks ago: COVD-19 vaccine-makers. Since March 16, when quarantine began in earnest, Moderna, a Cambridge company that’s making a novel coronavirus vaccine, has climbed by 244%. Novavax, a R.... More »
Prosecutors: Fraudster used investors’ funds to have his wife’s body cryogenically frozen
– canadianbusiness.com
NEW YORK, N.Y. – An accused financial fraudster used backers’ money for a personal and uncommon purpose, prosecutors say: to have his wife’s body cryogenically frozen.
While telling investors he was putting their money in commodities, foreign exchange trading pools and precious metals, Whileon Chay instead used over $150,000 of it on cryogenics after his wife’s roughly 2009 death, Manhattan federal prosecutors said in a fraud indictment unveiled Friday.
Chay’s account of his dealings isn’t yet known: Prosecutors say the 38-year-old fled New York for Peru while under investigation in 2011, and they have been unable to locate him since. Neither he nor any lawyer for him responded to a related civil suit that the federal Commodities Futures Trading Commission filed against him last year.
“Although he has fled the country, these charges against him will persist, and so will our efforts to bring him back to face them,” Manhattan U.S. Attorney Preet Bharara said in a statement Friday…
While telling investors he was putting their money in commodities, foreign exchange trading pools and precious metals, Whileon Chay instead used over $150,000 of it on cryogenics after his wife’s roughly 2009 death, Manhattan federal prosecutors said in a fraud indictment unveiled Friday.
Chay’s account of his dealings isn’t yet known: Prosecutors say the 38-year-old fled New York for Peru while under investigation in 2011, and they have been unable to locate him since. Neither he nor any lawyer for him responded to a related civil suit that the federal Commodities Futures Trading Commission filed against him last year.
“Although he has fled the country, these charges against him will persist, and so will our efforts to bring him back to face them,” Manhattan U.S. Attorney Preet Bharara said in a statement Friday…
Washington-based Haggen grocery chain buying 146 Albertson, Safeway stores in the West
– canadianbusiness.com
BELLINGHAM, Wash. – The Washington state-based grocery chain Haggen Inc. plans to buy 146 Albertsons and Safeway stores in Washington, Oregon, California, Nevada and Arizona.
The Bellingham Herald reports (http://is.gd/H8SWZA ) the sales are required under the federal review of Safeway’s sale to an investment group that owns Albertsons.
If Haggen’s plans announced Friday get Federal Trade Commission approval, the Bellingham-based company would expand from 18 stores and 16 pharmacies in the Northwest to 164 stores and 106 pharmacies in the five states.
Details of the deal haven’t been released.
This is the largest of several sales related to the $7.6 billion sale of Safeway to investors led by Cerberus Capital Management. Associated Food Stores is buying eight stores in Montana and Wyoming, Associated Wholesale Grocers is purchasing 12 stores in Texas, and Supervalu is buying two Albertsons stores in Everett and Woodinville, Washington.
___
Information from: The Bellingham Herald, http://www…
The Bellingham Herald reports (http://is.gd/H8SWZA ) the sales are required under the federal review of Safeway’s sale to an investment group that owns Albertsons.
If Haggen’s plans announced Friday get Federal Trade Commission approval, the Bellingham-based company would expand from 18 stores and 16 pharmacies in the Northwest to 164 stores and 106 pharmacies in the five states.
Details of the deal haven’t been released.
This is the largest of several sales related to the $7.6 billion sale of Safeway to investors led by Cerberus Capital Management. Associated Food Stores is buying eight stores in Montana and Wyoming, Associated Wholesale Grocers is purchasing 12 stores in Texas, and Supervalu is buying two Albertsons stores in Everett and Woodinville, Washington.
___
Information from: The Bellingham Herald, http://www…
