FTX founder appears in court, faces 8 charges
Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, has made a court appearance from the Bahamas to face eight criminal charges in New York, including wire fraud, money laundering and conspiracy to commit fraud. »»» Subscribe to…
Bank of Canada raises key lending rate to 4.25%
The Bank of Canada raised its benchmark interest rate by 50 basis points, to 4.25 per cent, but signalled it would pause and consider ‘whether the policy interest rate needs to rise further.’ »»» Subscribe to CBC News to watch…
Consumer debt climbs in Canada, up 7.3% from last year: Equifax
Equifax Canada says consumer debt rose to $2.36 trillion in the third quarter this year, driven by more than 1.5 million new credit cards issued to Canadians in the last three months. »»» Subscribe to CBC News to watch more…
They say Amazon shipped fake product and refuses refund until ‘correct’ item returned
A Calgary man thought it would be a nice present for his son — ordering computer parts on Amazon so his newly minted high school grad could build his own PC. But when the $690 graphics card arrived, it turned…
Canada, allies impose $60 US-per-barrel price cap on Russian oil exports
Canada and other Ukrainian allies are imposing a price cap of $60 US per barrel on oil exported from Russia to cut off foreign funding for the Kremlin. EU countries are also placing an embargo on Russian oil shipped by…
Businesses fear Alberta’s Sovereignty Act will spook investors
President of the Calgary Chamber of Commerce Deborah Yedlin weighs in on Alberta’s proposed legislation. Yedlin says that ‘the uncertainty presented by this act is causing businesses to be concerned.’ »»» Subscribe to CBC News to watch more videos: Connect…
RBC buying Canadian division of HSBC for $13.5B
Royal Bank of Canada has signed a deal to acquire HSBC Bank Canada for $13.5 billion in cash. RBC said it expects to close the deal by late 2023. »»» Subscribe to CBC News to watch more videos: Connect with…
