Man making $40k/year bought $32m in Vancouver real estate via CCP-linked offshore accounts
10/28/2021 9:54 AMA citizen of the People’s Republic of China reported average annual earnings of $40,615 to Canadian border agents yet went on to buy $32 million worth of Vancouver real estate after moving $114 million from Hong Kong-based depositors with connections to organized...
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Nearly 30% Of Canadian First-Time Home Buyers Received “Gifts” For A Down Payment
10/27/2021 11:52 AMA CIBC Capital Markets analysis shows 30% of first-time homebuyers received a down payment “gift.” Not a little help either, but it was the primary source of funds for the majority that received a gift. It’s now occurring at such a scale, it might be driving home...
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Schachter’s Eye on Energy – October 27th
10/27/2021 10:49 AMEach 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 (SER) newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Canada’s new environment minister is ex-Greenpeace activist once arrested for scaling CN Tower
10/27/2021 10:34 AMCanada’s new environment minister will be a former Greenpeace activist who was once arrested for scaling Toronto’s CN Tower during a 2001 protest, Prime Minister Justin Trudeau announced on Tuesday. In a news release naming his new cabinet, Mr Trudeau named Steven...
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Bank of Canada ends QE; moves up timeline for rate hike
10/27/2021 10:06 AMThe Bank of Canada has ended its bond-buying stimulus program and accelerated the potential timing of future interest rate increases amid worries that supply disruptions are driving up inflation. In a statement on Wednesday, policy makers led by Governor Tiff Macklem...
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Jeff Bezos announces plans to build private space station
10/26/2021 12:03 PMJeff Bezos' Blue Origin on Monday announced it wants to launch a space station that will house up to 10 people in the second half of the decade, as the race to commercialize the cosmos heats up. "Orbital Reef," described in a press statement as a mixed-use business...
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Expensive lumber makes a return amid supply cuts, labour shortages
10/26/2021 11:14 AMHigh lumber prices are back, even as the industry steps into what is normally a seasonal lull. Prices are climbing amid tight supplies and a pickup in homebuilding. Western Canada is seeing reduced output and the U.S. south is grappling with labor shortages. The U.S....
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Metro Vancouver utility fees could spike to almost $1,000 by 2026
10/26/2021 10:17 AMMetro Vancouver’s annual utility fees are projected to climb 65% over the next half-decade to almost $1,000 annually by 2026, a massive spike as the region races to replace costly and aging infrastructure. In 2021, a household paid roughly $574 to the regional body, a...
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BTC price model creator: Bitcoin bull market ‘2nd leg has started’
10/26/2021 9:51 AMBitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd leg” of...
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Hamilton Capital Partners: Canadian bank dividends could rise 25% when restrictions lifted
10/25/2021 12:22 PMCanada’s largest banks could raise their dividends as much as 25 per cent once regulators allow them to increase their payouts, according to an investment firm that focuses on financial stocks. The dividend increase of 20 per cent to 25 per cent could happen even if...
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