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Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme

Founder of collapsed hedge fund Archegos Capital is convicted of securities fraud scheme

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars.
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S&P/TSX composite closes up more than 300 points, U.S. stock markets also higher

S&P/TSX composite closes up more than 300 points, U.S. stock markets also higher

TORONTO — Canada's main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again. The S&P/TSX composite index closed up 307.
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Winnipeg police say new program aimed at curbing retail theft is working

Winnipeg police say new program aimed at curbing retail theft is working

WINNIPEG — The Manitoba government is putting up $1.1 million to address a rise in retail theft and violent crime in some parts of Winnipeg.
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Ford won't budge on plan to have ready-to-drink cocktails sold in corner stores

Ford won't budge on plan to have ready-to-drink cocktails sold in corner stores

TORONTO — Ontario will not budge on its plan to have ready-to-drink cocktails sold at convenience and grocery stores across the province, Premier Doug Ford said Wednesday on the issue that has become a sticking point in an ongoing strike by liquor st
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Stock market today: S&P 500 tops 5,600 as Wall Street's record-breaking rally keeps rolling

Stock market today: S&P 500 tops 5,600 as Wall Street's record-breaking rally keeps rolling

NEW YORK (AP) — U.S. stocks rose again, continuing Wall Street’s record-setting run. The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points.
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More auto insurers could exit Alberta without system reforms: DBRS

More auto insurers could exit Alberta without system reforms: DBRS

CALGARY — As Alberta considers an overhaul of its troubled auto insurance system, a global credit rating agency is warning a "clear long-term solution" must be found or more insurers will depart the province.
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'Personal assistant and a watchdog': How credit monitoring works after a data breach

'Personal assistant and a watchdog': How credit monitoring works after a data breach

Credit monitoring isn't just for your credit score — it can also alert you to potential identity theft and fraud if your data has been compromised in a breach, as many Ticketmaster customers were warned earlier this week.
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Airline regulator prods passenger to keep quiet on complaint rulings

Airline regulator prods passenger to keep quiet on complaint rulings

A consumer rights organization says the Canadian Transportation Agency is pressuring passengers to stay silent about its rulings on their complaints — a move the country's airline regulator says falls squarely within its mandate under the law.
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Taiga granted creditor protection as electric snowmobile outfit pursues sale

Taiga granted creditor protection as electric snowmobile outfit pursues sale

MONTREAL — Taiga Motors Corp. says it has obtained an interim court order for creditor protection as well as one authorizing the company to launch a formal sale and investment solicitation process.
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Bombardier workers at aircraft assembly centre ratify contract, end strike

Bombardier workers at aircraft assembly centre ratify contract, end strike

MISSISSAUGA, Ont. — Workers represented by Unifor at Bombardier's aircraft assembly centre in the Greater Toronto Area have ratified a new three-year contract, ending an 18-day strike.
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