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Binance, the biggest crypto exchange in the world, has consented to a USD $3.4 billion fine and charge, and the Creator and former CEO Changpeng Zhao has plead guilty to criminal charges. He has actually been bought to remain in the US after his guilty plea. How will this change the crypto market? Will this just contribute to the stack, following FTX's Sam Bankman-Fried's seven convictions?
Also on this episode, the Liberal Federal government has actually started to consider methods to have the largest pension in the nation, including the Canada Pension Plan, invest more of their funds in Canada. There is pushback from pension fund supervisors, who state their required is to produce higher returns, even if it indicates going around the world to do it.
And, Bank of Canada Governor Tiff Macklem has suggested that the rate of interest cycle might be at its peak, and the next move might be down. This will affect rate of interest, home mortgages, individual loans, and more. We review what he had to say.
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In this video we look at the scandal at Binance, the largest crypto exchange in the world. How will this affect the industry?
Also in this episode, we’ll discuss the possible investment changes for large Canadian pension funds, and see what Tiff Macklem has to say about rates possibly being at the peak of the rate cycle. Leave your feedback, and enjoy!
Don’t trust Freelands ideas at all.
What do I think? I think CF should be fired for her poor performance, lack of education and non accountability. She (and her gang) clearly are not working on Canadians’ interests.
Many thanks for the updates Marc. I wasn’t aware of this.
Allowing the government to manage the CPP??? I believe standing behind a wild horse with my legs splayed wide open and a whip in my hand would be more wise
Keep the government puy of the CPP !!!
Like Milton Freidman said, “if you put the government in charge of the Sahara Desert, within 6 months they’ll run out of sand”
The Managers should be left alone, unless there is a fund under performance or mismanagement.
How would it be a free market if you *have* to purchase from canada? 7:21
Darn right there will be higher risk, why invest in struggling assets? The government wanting more of our investment money? Get the economy going and have a solid plan. Reminds me of someone that was saying: Give us some money, give us a credit, we will pay it back, after we win the war…… Well, miss Freeland, what war are you winning for us Canadians?
The government (of any flavour) has ABSOLUTELY NO BUSINESS messing with the CPP management. Seriously,a government that has difficulty walking and chewing bubblegum at the same time is going to make the CPP better!?!? 😂umm…ok?…said nobody ever!
If fund managers were already devoting more funds to Canadian exposure as they should be doing, the government wouldn’t need to get further involved. Nobody’s saying they can’t continue operating in ways most beneficial to every concerned, all the government is asking for is more attention to supporting Canada .
Criminals will always find a way