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Markets welcome new Canada finance minister, with 'relief pitcher' as backup

Markets welcome new Canada finance minister, with 'relief pitcher' as backup

By , OTTAWA/TORONTO (Reuters) - The appointment of a journalist with little corporate experience to manage the finances of a G7 country would typically be seen as risky, but markets barely hiccupped on Tuesday after Chrystia Freeland was appointed Canada’s finance minister.Freeland, 52, takes over from Bill Morneau, a multi-millionaire businessman with an MBA and an economics degree, who resigned on Monday amid friction with Prime Minister Justin Trudeau over spending policies.The Canadian dollar notched a seven-month high at 1.3147 per U.S. dollar, or 76.06 U.S. cents, as the greenback...

August 18, 2020
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Canadian regulator clears launch of world's first bitcoin ETF: investment manager

Canadian regulator clears launch of world's first bitcoin ETF: investment manager

By , TORONTO (Reuters) - Canada’s main securities regulator has cleared the launch of the world’s first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.Slideshow The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement. The OSC confirmed the approval in a separate statement to Reuters.“The ETF will be the first in the world to invest directly in physically...

February 12, 2021
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