SEC Charges Hedge Fund Founder with Running $2.7 Million Ponzi Scheme| AiF News Bites
The SEC alleges Solomon Lichtenstein's Taraxa hedge fund was a $2.7M Ponzi scheme, misappropriating investor funds for personal use.
The SEC alleges Solomon Lichtenstein's Taraxa hedge fund was a $2.7M Ponzi scheme, misappropriating investor funds for personal use.
Canada’s housing market weakened in October as benchmark prices fell to a four-year low and new listings hit an all-time high. With sales below pre-pandemic norms and inventory climbing, analysts warn the correction could last for years.
Coffee prices surged 41% since last year. Analysis of coffee price inflation driven by weather, futures, and tariffs, and the outlook after the U.S. tariff rollback.
Statistics Canada reports Q3 GDP surged 2.6%, beating expectations. Analysis of import-driven growth, weak domestic demand, and outlook for Bank of Canada's December rate decision.
New Fraser Institute report shows Ontario mortgage payments exceed 50% of median income. Toronto hits 110.2%, driven by stagnating wages.
Banks trade at 13x P/E entering Q4 earnings. Analysts debate if high valuation reflects economic resilience or ignores underlying credit and GDP risks.
Canada’s housing market weakened in October as benchmark prices fell to a four-year low and new listings hit an all-time high. With sales below pre-pandemic norms and inventory climbing, analysts warn the correction could last for years.
Former Trump economic advisor Kevin Hassett says AI-driven productivity gains may be slowing U.S. hiring, creating a “quiet time” in the labor market. Despite strong GDP growth, companies may be relying on AI instead of hiring new workers. Full analysis inside.
SAAB says up to 10,000 jobs could be created if Canada chooses the Gripen fighter, offering tech transfer and domestic production. Discussions involve Bombardier, CAE and IMP, with potential benefits for Ukraine’s planned jet purchases as well.
Canada’s inflation eased to 2.2% in October as gas prices plunged, though core inflation indicators stayed near 3%. Wireless services, insurance, and shelter costs continued to contribute to price pressures.