Bitcoin ‘may not last that much longer,’ academic warns
12/17/2021 11:10 AMEswar Prasad, senior professor of international trade policy at Cornell University, told CNBC’s “Squawk Box Europe” earlier this month: “Bitcoin itself may not last that much longer.” Bitcoin’s price has been highly volatile over the last few years and in the last...
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‘Not based on science’: WestJet blasts Canada’s non-essential travel advisory
12/16/2021 11:15 AMIt didn’t take long for WestJet to express its “strong opposition” to Canada’s new non-essential travel advisory that was unveiled this morning. The airline issued a statement this afternoon claiming that the advice outlined today “is not based on science and data.”...
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Big wealth investors are likely to put money to work in stocks after amassing record levels of cash
12/16/2021 10:55 AMSponsor content received from Integrated Wealth Management Hundreds of billions of dollars in cash have been amassed by big investors in the last few weeks of 2021, setting the stage for a massive risk-on move into equities in the new year. Investors added more than...
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Lithium Prices Rise as Supply Fails to Meet EV Demand
12/16/2021 10:33 AMThe short supply of industrial grade lithium is causing prices to spike, which could snarl a push by governments to ramp up the use of electric vehicles. Lithium is used to power rechargeable car batteries, among other uses, but a recent bear market and supply chain...
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Schachter’s Eye on Energy for December 15th
12/15/2021 2:20 PMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Canadian Real Estate Prices Grow At The Fastest Rate Ever As Inventory Squeeze Eased
12/15/2021 12:18 PMCanadian real estate prices are seeing the rate of growth accelerate once again. The Canadian Real Estate Association (CREA) Home Price Index (HPI) shows prices surged in November. Even as the inventory squeeze eased a little, buyers bid up home prices at an even...
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Bank Of England Warns That Bitcoin Could Become ‘Worthless’
12/15/2021 11:34 AMEngland’s central bank has said that Bitcoin (BTC) could become “worthless” and people investing in cryptocurrencies should be prepared to lose everything. In a warning over the potential risks for investors, the Bank of England questioned whether there was any...
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B.C. lifting gas restrictions but extends provincial state of emergency until December 28
12/14/2021 12:53 PMGas restrictions at some B.C. pumps due to expire by the end of Tuesday will not be extended. The province began restricting non-essential vehicles in southwestern B.C. to 30 litres of gas per visit to stations last month after severe flooding choked supply chains and...
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Warren Buffett’s Apple stake hits record $159 billion as stock soars
12/14/2021 12:18 PMBerkshire Hathaway's Apple holdings of 887 million shares swelled to a value of $159 billion on Friday. That makes the stake worth half of Berkshire's entire equity portfolio, and almost 25% of its $649 billion market capitalization. Warren Buffett started to build...
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B.C. man selling a TimBiebs crumb for $100,000. And that’s just the start of it
12/14/2021 11:26 AMBlake Simms of Langley, B.C. knows how to sell and is offering a fix for the dilemma over what to get the Bieber fan on your gift list. “Great Christmas gift for Justin Bieber fans!” said Simms’ post, on Facebook Marketplace, in which he pitches a crumb from a Tim...
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