Aiden Pleterski, who dubbed himself the "Crypto King" of Canada, has been arrested in Whitby, Ontario, for his involvement in a $40 million fraud. The arrest, which also saw another man taken into custody, follows an extensive investigation into a Ponzi scheme that began in the summer of 2022. Police will provide more details at a news conference today, but what is already known is both shocking and intriguing.

Three months after stepping back as interim CEO, Dax Dasilva has been reappointed as the permanent chief executive of Lightspeed Commerce Inc., the Montreal-based payments technology company he founded. Dasilva returned to the top role in February after former CEO JP Chauvet departed. Chauvet, who joined Lightspeed in 2012, had replaced Dasilva as CEO in February 2022 when Dasilva took on the role of executive chair.

A significant development is on the horizon for Ontario’s Niagara Region. Asahi Kasei Corp., a Japanese company, is set to build a $1.6-billion plant in Port Colborne. This facility will produce a crucial component for electric vehicle batteries as part of Honda's supply chain in Ontario.

The latest U.S. inflation numbers offer a glimmer of hope for those eyeing a rate cut. The core inflation rate fell to its lowest in three years, matching expectations at 0.3% for the month. The overall inflation rate was slightly below expectations at 0.4%. Annually, the inflation rate is now 3.4%, with the core rate slightly higher at 3.6%. While this is still above the target preferred by U.S. Federal Reserve Chair Jay Powell, it marks a significant decrease. Consequently, the odds of a rate cut are increasing for both June and July.

In a sign of relief for the U.S. Federal Reserve, underlying inflation in the United States slowed in April for the first time in six months. The core consumer price index (CPI), which excludes volatile food and energy costs, rose by 0.3% from March and was up 3.6% from the previous year, according to government data released on Wednesday.

Building your dream home or renovating your space can be an exciting journey, but amidst the blueprints and construction plans, there’s a crucial step that often gets overlooked: obtaining building permits. These permits are not just bureaucratic red tape; they ensure that construction projects adhere to safety standards and local regulations. However, one aspect that can catch many off guard is the associated costs – building permit fees.

Home appliances play a crucial role in our daily lives, making household tasks more manageable and efficient. In Canada, where the climate can be quite harsh, the reliability of these appliances becomes even more critical. Unexpected appliance failures can cause significant inconvenience and stress. By taking some preventative steps, you can minimize the risk of appliance breakdowns and avoid emergency repairs. This article will provide practical tips to help you keep your home appliances in good working condition and avoid costly repairs.

The Canada Mortgage and Housing Corporation (CMHC) announced that the annual pace of housing starts in April saw a slight decrease of one per cent compared to March. The seasonally adjusted annual rate of housing starts was 240,229 units for April, down from 242,267 in March, according to the national housing agency's report on Wednesday.

Construction on a massive rail-and-truck hub in the Greater Toronto Area can proceed for the time being, according to a ruling from the Federal Court of Appeal. The future of the $250-million Canadian National Railway Co. (CN) terminal in Milton, Ontario, remains uncertain as the case undergoes further legal review.

Canadian banks provided nearly US$104 billion in funding to fossil fuel projects last year, according to the latest Banking on Climate Chaos report. This funding comes despite the urgent need to reduce emissions and combat climate change.

Arthur L. Irving, a prominent figure in the Canadian oil industry, passed away at the age of 93. Irving Oil announced his death, stating that he died on Monday, surrounded by his wife, Sandra, and daughter, Sarah.

Canada's economy is experiencing a significant mismatch between employers and newcomers, according to Susan Black, president and CEO of the Conference Board of Canada. In a recent interview, Black highlighted a growing concern: while small and medium-sized businesses account for 90 percent of paid labor in Canada, these companies struggle to find the skilled workers they need to grow.

When you decide to undertake a home renovation or construction project in Canada, navigating the labyrinth of building regulations and permits can be daunting. However, understanding the process and requirements for obtaining a building permit is essential to ensure your project proceeds smoothly and legally. In this guide, we'll break down everything homeowners need to know about building permits in Canada, offering valuable tips to help you through the process.

In the world of lighting, a bright revolution is taking place, and it's all about LED bulbs. Light Emitting Diodes, or LEDs, have become the go-to choice for illumination in homes, offices, and public spaces. This shift is not just about following trends; it's a smart and efficient move that brings numerous benefits. In this article, we'll explore the fascinating world of LED bulbs, shedding light on their advantages and why it's high time to make the switch.

Toronto businessman Larry Tanenbaum is in exclusive talks to purchase the storied French soccer club Saint-Étienne, according to an announcement by the club on Monday. The full acquisition is expected to be finalized within a few weeks, just as the team is pushing for promotion back to France’s top soccer league.

, Ontario's largest electricity transmission and distribution provider, announced a significant increase in its first-quarter profit compared to the previous year. The company reported a net income of $293 million, or 49 cents per diluted share, for the quarter ending March 31. This marks an increase from the $282 million, or 47 cents per diluted share, reported in the first quarter of 2023.

The excitement surrounding meme stocks has surged for the second day in a row, driven by the return of Keith Gill, famously known as Roaring Kitty. Stocks like GameStop and AMC, which gained fame during the 2021 Reddit-fueled trading frenzy, are once again soaring in premarket trading.

Canada should introduce more mortgages with longer renewal terms, says Desjardins, the country's largest financial co-operative. According to a report released on Monday, offering more 10-year mortgage options could help households manage "payment shocks" when renewing their debt after interest rate hikes. This would also reduce the economy's sensitivity to higher borrowing costs and decrease reliance on "negative amortization" fixed-payment variable products, which the Bank of Canada and the country's banking watchdog have flagged as concerning.

Canada's major housing markets are beginning to show signs of recovery, but a full rebound is unlikely until interest rates drop significantly, according to Robert Hogue, assistant chief economist at RBC. In a report released Tuesday, Hogue noted that while sellers have started re-entering the market this spring, affordability issues continue to burden buyers.

Embarking on a home renovation project can be both thrilling and daunting. Whether you're sprucing up your own residence or helping others transform their spaces, the journey is riddled with potential pitfalls. As a home renovation professional, steering clear of common mistakes is vital to ensuring success and customer satisfaction. From improper planning to overlooking essential details, the road to a successful renovation venture is paved with challenges. In this guide, we'll explore some of the most prevalent errors in the home renovation business and how to avoid them.

Ants, those tiny yet formidable creatures, have a knack for invading spaces where we least want them—our homes and gardens. Whether they’re scurrying across kitchen countertops or constructing elaborate tunnels in our flower beds, their presence can be a nuisance. While chemical pesticides are often the first line of defense, they come with their own set of concerns, from harmful effects on the environment to potential risks for humans and pets.

NFI Group Inc., a leading Canadian bus manufacturer, has won a significant contract with New Jersey Transit Corp. (NJ Transit) to supply up to 1,300 of its Xcelsior transit buses. The initial firm order includes 175 buses, with an option to purchase up to 1,125 more in the future.

A raging wildfire, driven by strong winds, could strike Fort Nelson this morning, warns Ben Boghean, a fire behaviour specialist with the B.C. Wildfire Service. The Parker Lake wildfire, already 53 square kilometres in size, is just two kilometres northwest of the town, which has led to the evacuation of about 3,500 residents since Friday.

The government of Prime Minister Justin Trudeau has backed away from a proposed tax change targeting real estate investment trusts (REITs) in Canada. This decision came after significant opposition from the real estate industry, which argued that such a tax could harm the housing market.

The Bank of Montreal (BMO) is making further cuts to its U.S. investment banking unit, including the dismissal of at least two managing directors. This move is part of a broader effort to reduce costs, according to sources familiar with the matter.