Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX

South Africa News News

Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX
South Africa Latest News,South Africa Headlines
  • 📰 TheTorontoSun
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 68%

The Ontario Teachers\u0027 Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading.

Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices falling, with Bitcoin sinking to a two-year low.From our newsroom to your inbox at noon, the latest headlines, stories, opinion and photos from the Toronto Sun.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails.

It says any financial loss on its investment in FTX will have limited impact on the pension plan because the investment represents less than 0.05 per cent of its total net assets.We apologize, but this video has failed to load.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheTorontoSun /  🏆 23. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EDC leads $72-million Attabotics deal as Crown corporation expands support for Canadian exportersEDC leads $72-million Attabotics deal as Crown corporation expands support for Canadian exportersIt’s the first deal involving Ontario Teachers’ Pension Plan’s venture growth unit since its $95-million investment in cryptocurrency exchange operator FTX collapsed last week
Read more »

Ontario premier Ford announces plan to extend provincial gas tax cut for one yearOntario premier Ford announces plan to extend provincial gas tax cut for one yearTORONTO — A temporary tax cut intended to help Ontario residents save money at the pumps will be extended for another year, the province’s premier announced on…
Read more »

Ontario premier announces plan to extend provincial gas tax cut for one yearOntario premier announces plan to extend provincial gas tax cut for one yearDoug Ford said his government intends to table legislation that would leave the tax break that cut gas prices by 5.7 cents a litre in place until the end of 2023
Read more »

Ontario premier announces plan to extend provincial gas tax cut for 1 year | CBC NewsOntario premier announces plan to extend provincial gas tax cut for 1 year | CBC NewsThe Ontario tax cut set to expire on Dec. 31 slashed prices at the pumps by 5.7 cents a litre. Ontario Premier Doug Ford announced plans Sunday to table legislation that would extend the cut to the end of 2023.
Read more »

Ontario premier announces plan to extend provincial gas tax cut for one yearOntario premier announces plan to extend provincial gas tax cut for one yearTORONTO — A temporary tax cut intended to help Ontario residents save money at the pumps will be extended for another year, the province’s premier announced on…
Read more »

Ontario premier Ford announces plan to extend provincial gas tax cut for one yearOntario premier Ford announces plan to extend provincial gas tax cut for one yearTORONTO — A temporary tax cut intended to help Ontario residents save money at the pumps will be extended for another year, the province’s premier announced on…
Read more »



Render Time: 2025-03-06 14:22:53