Sam Bankman-Fried appealed a judge’s decision to release the names of his bail guarantors. Besides his parents, two as-yet-unidentified people cosigned the $250 million bail bond to get the FTX founder released from jail. Bankman-Fried’s attorneys argued the potential of physical threats were reasons to keep their identities sealed. Loading Something is loading. Thanks for… Continue reading Sam Bankman-Fried is appealing the judge’s decision to reveal the identities of 2 people who helped secure his $250 million bail package
Elon Musk Has a Huge Twitter Debt Bill
Will he pay or won’t he? This is the question everyone is asking currently regarding Elon Musk and the debt he contracted to buy Twitter. The billionaire and the microblogging platform must make the first interest payment on the $13 billion debt he took on to finance the $44 billion acquisition of the social network… Continue reading Elon Musk Has a Huge Twitter Debt Bill
Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds
Only 44% of Canadians are confident they will have enough Only 44 per cent of Canadians are confident they will have enough to retire as planned, the study said, a 10 per cent decrease from 2020. Photo by The Canadian Press Canadians believe they will need to save up $1.7 million to retire, up 20… Continue reading Canadians now expect to need $1.7 million to retire, up 20% from 2020, BMO survey finds
Edmonton’s Epcor could be last hope for Arizona suburb cut off from water supply
‘We have a weekly prayer group where we pray for rain and a water solution’ The community of Rio Verde Foothills in Arizona has been cut off from a water supply since the start of the year. Photo by New services Residents of an Arizona suburb are collecting rainwater to flush toilets and wash dishes… Continue reading Edmonton’s Epcor could be last hope for Arizona suburb cut off from water supply
Saskatchewan company greenlights Canada’s first large-scale geothermal power plant
A 25-megawatt facility should produce enough power for 25,000 households Deep Earth Energy Production Corp. plans a 25-megawatt geothermal power facility in southeast Saskatchewan. Photo by DEEP Earth Energy Production Corp. Saskatchewan’s Deep Earth Energy Production Corp. said it will begin construction this year on Canada’s first commercial-scale facility for producing electricity from geothermal heat,… Continue reading Saskatchewan company greenlights Canada’s first large-scale geothermal power plant
Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey
Survey suggests Macklem could struggle to convince investors he intends to leave borrowing costs at current levels Published Feb 06, 2023 • 3 minute read 9 Comments Bank of Canada Governor Tiff Macklem in Ottawa. Photo by Blair Gable/Reuters/File Photo Most of the biggest players on Bay Street think the Bank of Canada has stopped… Continue reading Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey
‘Year of the whiplash’: Loonie could fall up to four cents by end of 2023
This advertisement has not loaded yet, but your article continues below. Watch: ‘It could get very, very bumpy’ The loonie could get dragged down as Canadian households alter their spending patterns and that ripples out into the rest of the economy. Photo by Paul Chiasson/The Canaidan Press Article content Karl Schamotta, chief market strategist at… Continue reading ‘Year of the whiplash’: Loonie could fall up to four cents by end of 2023
Stock Market Today: Stocks End Lower Ahead of Powell Speech
Stocks opened lower Monday and stayed that way through the close. Amid a bare economic calendar and just a smattering of earnings reports released ahead of the open, attention was focused on last Friday’s stunning jobs report – and what it could potentially mean for the Federal Reserve’s rate-hike plans going forward. The January jobs… Continue reading Stock Market Today: Stocks End Lower Ahead of Powell Speech
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