Carney aims to prioritize 'unity' during premiers' meeting, says Ontario Chamber of Commerce
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CTV News
17 minutes ago
- CTV News
Former Alberta UCP candidate found in contempt over election financing investigation
An Alberta judge has found a former United Conservative candidate and five party donors to be in contempt for not attending interviews as part of an investigation into alleged irregular political donations made in 2023. A decision issued this week by Justice Peter Michalyshyn says for the past year the provincial elections commissioner has been investigating donations made to the party by people allegedly using money that wasn't their own leading up to the 2023 provincial election. The decision says the commissioner's investigation began in the spring of last year but it's not clear if the candidate, Ali Haymour, and the five party donors are the targets of the investigation. It says the commissioner sought to interview Haymour and the other donors as it was believed they hold relevant information and evidence. According to the decision Haymour and the other donors argued they didn't need to participate in the commissioner's investigation due to recent changes to provincial election financing rules the Alberta government made this past spring. Michalyshyn's decision says the changes might affect potential outcomes of the investigation, but it doesn't reduce the commissioner's power to compel people for interviews and the candidate and donors had no legal reason not to participate. Among other things, the legislated changes prevent the elections commissioner from imposing penalties and sanctions on those who break election financing rules if one year has passed since the commissioner received the complaint. This report by The Canadian Press was first published July 24, 2025. Jack Farrell and Lisa Johnson
CTV News
17 minutes ago
- CTV News
GENIUS Act gives global crypto industry ‘clarity, simplicity,' says expert
Andrew Forson, President of DeFi Technologies, joins BNN Bloomberg to discuss the impact of new U.S. crypto laws. Sorry, we're having trouble with this video. Please try again later. [5006/404] Landmark cryptocurrency legislation signed into law by U.S. President Donald Trump last week gives the fast-growing global crypto industry new legitimacy while making it easier for investors to gain exposure to the sector in a safe way, an expert says. 'It gives clarity, simplicity and lets everybody understand what the rules of the playing field are,' Andrew Forson, president of Toronto-based DeFi Technologies, told BNN Bloomberg in an interview on Wednesday. 'That encourages innovation without fear of inadvertently triggering a securities law or breaking some sort of rule that would make it really, really difficult for the business to recover from.' The legislation, known as the GENIUS Act, is a major step toward legitimatizing the crypto industry in the eyes of the U.S. government through overarching rules and regulations. But the law's impact will reach far beyond American crypto markets, said Forson. 'The U.S. is without a doubt the largest capital market in the world, and whenever they provide a degree of regulatory clarity, it makes it easier for everybody worldwide,' he explained. The rise of cryptocurrency trading has led to increased demand from investors looking to gain exposure to the industry without taking on the risk and volatility it's historically been associated with. Crypto-linked exchange-traded funds (ETFs) have began popping up on exchanges around the world in recent months, offered by financial services companies like DeFi. 'DeFi Technologies and our wholly owned subsidiary Valour is probably one of Europe's most significant or prominent digital asset exchange-traded product (ETP) issuers,' Forson said. 'In particular, we have 78 digital asset-underlying ETPs listed on over eight exchanges throughout the world, and one of the big benefits of this is it makes it a lot easier for institutions and retail investors to gain exposure to digital assets in their investment portfolios.' Forson said he acknowledges that there will likely continue to be a certain amount of hesitancy towards cryptocurrency from some investors given the numerous instances of fraud in the industry over the years. The most notable example being the high-profile collapse of popular crypto exchange FTX in 2022, which led to fraud charges being brought against founder Sam Bankman-Fried. He eventually was found guilty and is currently serving a 25-year prison sentence. 'That actually is one of the reasons why DeFi… (is) so well positioned to help institutions and individuals gain real exposure to the digital asset space, with broad exposure across many, many digital assets beyond just bitcoin, in a safe and regulated manner,' said Forson. Shares in DeFi itself, which were changing hands at around US$3 per share in midday trading on Thursday, are cheaper than they should be, Forson argued, noting that the company is profitable and has many avenues for future growth. 'I can unequivocally say that we are undervalued. We should be trading at a higher multiple than we are… we are a profitable company, we actually make real money and (will) continue to do so into the foreseeable future,' he said. 'Just a few days ago, we hit the US$1 billion assets under management metric, which is always a nice threshold to reach, with the assets that are held by Valour, and DeFi Technologies itself is also involved in a number of other areas including a corporate venture capital portfolio.'
CBC
18 minutes ago
- CBC
Inuit leader Natan Obed ready to 'meet in the middle' to 'build a better Canada'
Natan Obed, president of Inuit Tapiriit Kanatami, is co-chairing a meeting with Prime Minister Mark Carney in Inuvik, N.W.T., on Thursday with a focus on the Liberal government's major projects law.
