Canada Pulse

VANCOUVER — A British Columbia Supreme Court judge has approved requests for production orders to disclose the identities of individuals holding cryptocurrency accounts to an individual who alleges they were defrauded out of $26 million worth of bitcoins linked to someone claiming residence in Vancouver. The court decision published on Thursday was made last month regarding Lix Xiao Wang, who requested a production order from the courts targeting cryptocurrency exchanges Binance and Coinbase. The decision states that Wang received a message via WhatsApp in early 2024 from an individual purporting to be a "crypto investment specialist" based in Vancouver. Consequently, Wang transferred approximately $26 million worth of bitcoins to an account on a particular website. The decision states that Wang grew doubtful when he was unable to access his account and the website’s customer service advised him to transfer additional funds totaling millions to conduct a “security...

The upcoming family gathering at the MacKinnon home could get somewhat uncomfortable. In a classic "business over family" decision, Utica Comets general manager Dan MacKinnon traded his son, Will, to the Cleveland Monsters in return for future considerations on Thursday. Will, who is 24 years old, has been sidelined from the Comets' roster for recent matches due to being a healthy scratch. In his time with Utica across the last two seasons, this defenseman played in 82 games and tallied three goals along with seven assists. The relocation occurs just one day prior to Friday's AHL trade deadline. Perhaps, as part of "future considerations," Will could receive an even larger Christmas gift from his father this year.

Part of his strategy for economic transformation, Mark Carney stated that his administration aims to create “port facilities, logistics networks, and new trading routes” to aid in broadening Canada’s overseas sales channels. The Port of Prince Rupert, located on the northwestern coast of British Columbia, asserts it is undertaking this with a $1.35 billion initiative known as the Ridley Island Energy Export Project (RIEP) That is anticipated to be finished by next year. The Prince Rupert Port Authority (PRPA) claims it has granted "time-limited exclusive rights" for exporting LPGs (which encompass liquid petroleum gases like propane and butane) to REEF, a partnership between companies. Vopak Royal from the Netherlands and AltaGas based in Calgary . Upon launching in its first stage, the port authority states that REEF will offer the capability to handle seven million metric tons of bulk liquid energy products for export, primarily propane, which comes via rai...

By David Shepardson WASHINGTON — On Wednesday, President Donald Trump held a meeting with General Motors CEO Mary Barra to discuss the company’s investment strategies in light of the continuing tariff dispute, according to a statement from a White House representative. The previous week, Trump consented to grant an exemption from his stringent 25% tariffs on imports from Canada and Mexico to automobile manufacturers for a period of one month. This was provided these companies adhere to current free-trade regulations following discussions involving himself and executives including Mary Barra, the head of GM; Jim Farley, CEO at Ford; and John Elkann, chairman of Stellantis. On Thursday, Trump informed journalists that GM had stopped by on Wednesday with plans to invest "$60 billion," according to them. On Thursday, GM had not yet provided immediate comments regarding the meeting, and it remains unclear over which timeframe any additional expenditures might take p...

BERLIN () – The Canadian government has asked for World Trade Organization (WTO) dispute consultations with the United States regarding the American imposition of import tariffs on specific steel and aluminum goods coming from Canada, according to an announcement made by the organization on Thursday. It stated that the request was distributed among World Trade Organization members on Thursday. The measures implemented by Canada, which eliminate Canada’s exemption from extra tariffs on certain steel and aluminum items and impose higher duties on aluminum goods starting this Wednesday, conflict with America's commitments under GATT 1994 according to a statement released by the WTO. U.S. President Donald Trump, addressing reporters in the Oval Office on Thursday, indicated that he had no intention of altering his stance on tariffs. "For years we have been cheated, and we aren’t going to tolerate being taken advantage of any longer. I won’t compromise whatsoever, wh...

Facing a potential trade war that could impact his business of selling electric bicycles to U.S. clients, Ben Taylor prepared himself for the worst. "All the effort we put into preparing for our U.S. launch, and just when we thought everything was set at 30 days—‘Alright, we're ready to begin sales in the U.S.’—we got hit with tariffs," explained the company's co-founder. Beachman , an electric bicycle manufacturer based in Toronto. There was certainly a night when the existential threat loomed large: 'Could I end up losing the company I've devoted so much time to?' In 2016, Taylor shared that he conceived the notion of designing a stylish and retro-themed electric bicycle. It took nearly three years until their serendipitous meeting at a local café with his neighbor, who would become his business partner, Steve Payne. This fortuitous encounter sparked their collaboration on bringing this concept to life. Taylor, the CEO overseeing sales,...

The constantly growing menace of tariffs from our neighbor below the border appears to dominate everyone's thoughts nowadays. Despite being somewhat unpredictable with frequent changes in plans during the initial part of 2025, should they fully take effect, they could impose significant financial strain on enterprises spanning every sector throughout Canada. A fresh analysis by the Public Policy Forum in collaboration with Navius Research scrutinizes the possible effects across each Canadian province and explores strategies for Canada to potentially respond through retaliatory tariffs. Inez Jabalpurwala, the president and CEO of the forum, stated in a release that they conducted this research to offer timely quantitative insights for policymakers. The study highlights new priorities for Canadian leadership, such as rapidly advancing north-south and south-north trading relationships within Canada and internationally. Each province’s sectors would face some level of do...

In Canada, Costco caters to over 10 million members through approximately 100 warehouse locations. The country holds a special affection for Costco; notably, it boasts almost twice as many stores per person compared to the United States, with Canadian outlets proving more lucrative in terms of total operational earnings. A significant number of loyal Canadian patrons frequently shop at Costco and often become dedicated customers after purchasing their memberships. Let us delve into what being a Costco member entails and what benefits each level of membership provides. Is the expense of a Costco membership justified based on how you live? Does the cost measure up to the advantages you will get? We're going to uncover this now. Don't Miss The following five magical financial strategies can aid in climbing Canada's wealth hierarchy in 2025—each action can be completed within mere minutes. Here's how Discover the top banking promotions, account...