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Stars and Dogs The Globe’s stars and dogs for the week

Stars and Dogs The Globe’s stars and dogs for the week

cryptocurrency

How did Gerald Cotten die? A Quadriga mystery, from India to Canada and back

One day, he was on his honeymoon, enjoying the opulence of Jaipur. Twenty-four hours later, he was dead in mysterious circumstances – taking valuable secrets and cryptocurrency passwords with him to the grave. Now, his demise has left his company and industry in turmoil. This is what we know about how he lived and how his final day unfolded

How did QuadrigaCX work? A guide to complicated crypto trading

How investors funded their accounts, traded crypto and (hopefully) cashed out

Crypto chaos: From Vancouver to Halifax, tracing the mystery of Quadriga’s missing millions

Gerald Cotten built one of Canada’s biggest cryptocurrency exchanges, but its collapse has left $250-million of investors’ funds in limbo. The mystery of Quadriga stretches from Vancouver and Toronto to a trailer park in suburban Saint John, N.B. Joe Castaldo, Alexandra Posadzki, Jessica Leeder and Lindsay Jones report

snc-lavalin

What does SNC-Lavalin’s future look like?

Among the company’s Plan B options is selling the engineering and construction business in its entirety, according to analyst Benoit Poirier at Desjardins Capital Markets

SNC-Lavalin received billions in support from federal export agency

Export Development Canada issued SNC-Lavalin or its customers at least $2-billion in 19 loans since 2002, with at least $800-million coming after news broke of an RCMP investigation into alleged corruption

Former SNC executive Sami Bebawi has obstruction charge stayed because of excessive delays

Bebawi still faces other charges including fraud and bribery of a public official in relation to SNC-Lavalin’s dealings with the regime of the late Libyan dictator, Moammar Gadhafi

Must we save SNC-Lavalin? It depends which solitude’s side you’re on

The divide in public opinion on the scandal between Quebec and the rest of the country complicates what is already the biggest political controversy yet faced by Justin Trudeau

Konrad Yakabuski

Konrad Yakabuski

Cannabis

Aphria reveals some directors in Latin American acquisition had ‘conflicts’

Aphria’s special committee said the purchase price was in line with similar acquisitions made by its competitors, but made no mention of pursuing legal options against the short-sellers

SEC, OSC examine short-sellers’ tactics

The U.S. Securities and Exchange Commission has been meeting with companies that allege they have been victimized by the practice, while the Ontario Securities Commission is engaged in dialogue with ‘several knowledgeable parties to discuss allegations of abusive short-selling’

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Tax Matters Take heed of the 80-per-cent rule this RRSP season Tim Cestnick

Tim Cestnick

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BMO hires Scott Brison for senior investment banking role Former president of the Treasury Board takes to become vice-chair in corporate and investment banking

Canaccord Genuity acquires U.S. boutique dealer for $60-million Petsky Prunier offers merger and acquisition advisory services to mid-sized companies in the technology, internet, media and health-care sectors

Canaccord Genuity Group Inc.

Lexpert: Lawyers discuss Namaska Lithium’s complex $1.1-billion financing Nemaska Lithium’s $1.1-billion financing required a ‘staggering’ number of agreements

Lexpert roundup: Morgan Stanley to buy Solium Capital; Brookfield eyes India’s Reliance Industries; Lyft founders to increase voting control

Canada’s banking regulator relaxes new deposit rules amid industry outcry The new rules still target banks and mortgage lenders that attract large volumes of deposits from unaffiliated brokers

REUTERS

Invest Like a Legend: The world’s best investors reveal how to make money in 2019 Welcome to our annual guide to making money. This year, we talked to Bay Street powerhouse Kiki Delaney about the trials of value investing, low-fee evangelist Burton Malkiel on the enduring legacy of his investing classic, master of emerging markets Mark Mobius on why good governance pays off, and Fidelity’s Joel Tillinghast on why the future is small-cap.

The $450,000 car Ford still builds by hand in Ontario The good news: Ford is making 350 more of its sleek GTs. The bad news: There are thousands already on the waiting list

Donald Trump’s ‘blame the Fed’ game gets dangerous The President says the Federal Reserve is responsible for everything from the market slump to plant closings at GM. It’s an easy scapegoat, perhaps, but can the Fed maintain its credibility? Brian Milner

TD’s Bharat Masrani on managing through chaos and his bank’s bright future Masrani helped Canada’s second-largest bank weather the storms of 2008. Can he keep his cool for what’s coming in 2019?

No bargains allowed: Why is the Competition Bureau going after WestJet for cutting prices? In Canada, where flights are among the most expensive in the world, this is the last thing the bureau should be investigating Rita Trichur

The $450,000 car Ford still builds by hand in Ontario The good news: Ford is making 350 more of its sleek GTs. The bad news: There are thousands already on the waiting list

Download the February 2019 edition of Report on Business magazine Read the full issue, exclusively for subscribers

Latest Business news

Managing The pros and cons of decision-making Harvey Schachter February 16

China-U.S. trade talks ‘making a final sprint,’ state media reports February 15

Streetwise Newsletter Streetwise newsletter: Best reads of the week February 15

GUEST COLUMN Business students eligible for piece of McGill’s record-breaking donation February 15

What does SNC-Lavalin’s future look like? February 15

Toys R Us tries to rise from the ashes, while wary partners try not to get burned February 15

Three largest U.S. stock exchanges will sue SEC to block ‘overreaching’ fee experiment February 15

Former SNC executive Sami Bebawi has obstruction charge stayed because of excessive delays February 15

Business video

Liftoff: David Saint-Jacques launches for the International Space Station The Soyuz rocket carrying Canadian David Saint-Jacques and two other astronauts successfully launched from Russia Monday morning, heading toward the International Space Station for a six-month mission.

Hustle in the oil patch: How large oil companies shed millions from their books A booming trade of unprofitable oil and gas wells in Western Canada is allowing companies to evade cleanup costs. Just a few years after the oil boom, energy companies are shedding distressed wells in Alberta, B.C. and Saskatchewan for next to nothing. And it’s going virtually unchecked by regulators. Who will pay to clean it up? Visit tgam.ca/wells for more (for subscribers).

Carrick Talks Money: It's okay to spend some savings during your healthiest retirement years The Globe's Rob Carrick has always stressed saving for retirement, but given the limited period of peak health after age 65 it's important to spend wisely and enjoy yourself.

Liberal government says no to joint tax return with Quebec Cabinet ministers Melanie Joly and Marc Garneau cite jobs, tax treaties and federal responsibility as reasons for not supporting idea of a single tax return administered by the Quebec government. Quebec is the only province where Canadians must file two separate tax returns.

The life cycle of a marijuana plant Step inside the Ontario facilities of a licensed pot producer and see the various life stages of cannabis – from seedling to flower to processing and packaging.

Carrick Talks Money: What is F.I.R.E.? Be prepared to save your brains out Independent Financial Adviser, Darryl Brown, answers some reader questions with Rob Carrick on one of the newest retirement planning strategies called F.I.R.E., Financial Independence Retire Early.

Carrick Talks Money: Bonds not doing it for you? Try these alternatives Personal finance columnist Rob Carrick offers some ideas for conservative investors in a rising interest rate world

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Doughnut dynasty: The high school dropout turned billionaire force behind Tim Hortons

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ETF Rob Carrick’s 2019 ETF Buyer’s Guide: Best bond funds

The week’s most oversold and overbought stocks on the TSX Scott Barlow

Opinion No need to make martyrs out of stoners: Let 4-20 proceed

Some industry observers left reeling with disbelief after revelation about lost Quadriga funds

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Financial tech firms hopeful federal reforms will force banks to share client data

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