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‘It was unbelievable!' Comber resident celebrating 100K lotto win

‘It was unbelievable!' Comber resident celebrating 100K lotto win

CTV News21 hours ago
Tanya Heine of Comber is celebrating after winning a $100,000 top prize with Instant Crossword Tripler.
Heine, a nurse and mother, is an occasional lottery player, and prefers playing Crossword and Bingo.
'It's a nice way to wind down after work,' she said.
This is Heine's first big win – made all the more special since she won it over the Mother's Day weekend and during National Nursing Week.
'I played my ticket at home and didn't even realize I'd matched six words until I got to the last word,' Heine told OLG officials. 'I thought, 'There's no way,' so I cross-referenced all the words on the ticket multiple times to be sure. It was unbelievable!'
With her winnings, Heine plans to share with those in need, 'I believe in putting good into the world … Being a good person is important to me, and that's why I'm a nurse. I'm going to quietly work behind the scenes to brighten people's days.'
She also plans to use the winnings to invest, save for her children's education, and treat herself to some shopping.
The winning ticket was purchased at Petro-Canada on Manning Road in Maidstone.
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Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.
Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.

Globe and Mail

time24 minutes ago

  • Globe and Mail

Mogo Acquires 9% Stake in Bitcoin & Gold Treasury Company Digital Commodities Capital Corp.

Mogo Inc. ('Mogo' or the 'Company') (NASDAQ: MOGO; TSX: MOGO), a Canadian fintech on a mission to build the future of intelligent finance, empowering consumers to grow wealth through innovative financial products and a capital strategy anchored by Bitcoin, today announced it has completed a strategic investment of approximately 9% in Digital Commodities Capital Corp. ('Digital Commodities') (CSE: DIGI; OTCQB: DGCMF). Digital Commodities is a publicly listed investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. These hard, non-fiat assets serve as the foundation of the company's treasury strategy and are intended to function as long-term reserves managed with discipline and transparency. 'We believe Digital Commodities is building something foundational, an asset-backed public company model built on Bitcoin and gold,' said Greg Feller, President & Co-founder of Mogo. 'That's a category-defining strategy we're excited to be aligned with as both operators and long-term believers in Bitcoin.' 'We're equally excited to work with Brayden Sutton and his team, who bring deep conviction, vision, and expertise to this emerging asset class,' added Greg Feller. Digital Commodities' model is inspired by sound money principles and designed to offer public market investors access to the two most enduring stores of value in history, without dilution through operating businesses or speculative diversification. Mogo's investment reinforces the company's momentum and positions it to scale its hard asset balance sheet model in public markets. Mogo's $1 million investment was made as part of Digital Commodities' non-brokered private placement and consisted of a subscription for 13.3 million units priced at $0.075 per unit. Each unit of Digital Commodities consists of one common share and one warrant to purchase a common share exercisable at $0.10. This investment will be held alongside Mogo's other crypto-related investments, including its minority stake in Gemini, further advancing its strategic exposure to Bitcoin and the broader digital asset ecosystem. This also supports Mogo's broader vision as a dual-compounding platform, combining a high-growth fintech operating business with a strategic Bitcoin treasury. Earlier this month, Mogo announced board authorization to allocate up to $50 million to Bitcoin, reinforcing its long-term conviction in hard assets as the cornerstone of capital preservation and growth. About Mogo Mogo Inc. is on a mission to build the future of intelligent finance, empowering consumers to grow wealth through a suite of innovative financial products and a capital strategy anchored by Bitcoin. The company's platform combines digital wealth management and lending with a growing commitment to hard asset capital allocation. Mogo is publicly listed on the NASDAQ and TSX. Digital Commodities is a public investment issuer building a differentiated capital platform, primarily focused on acquiring and holding Bitcoin and physical gold. The Company's mission is to establish a hard, non-fiat asset base and manage it with discipline, leveraging these assets as functional reserves in pursuit of long-term value creation. All capital decisions are guided by a sound money philosophy.

Christopher Liew: When does it make sense to declare bankruptcy?
Christopher Liew: When does it make sense to declare bankruptcy?

CTV News

timean hour ago

  • CTV News

Christopher Liew: When does it make sense to declare bankruptcy?

Christopher Liew is a CFP®, CFA Charterholder and former financial advisor. He writes personal finance tips for thousands of daily Canadian readers at Blueprint Financial. Filing for bankruptcy or a consumer proposal isn't something anyone wants to do, but for some Canadians, it can be the lifeline they need when their debt becomes unmanageable. So, how do you know when it's time to consider one of these legal options? Let's break it down. Signs your debt has become unmanageable Bankruptcy or a consumer proposal isn't a first resort, but for some, it's the most realistic way to stop the bleeding. If you're constantly missing payments, juggling credit cards, or can't even cover the minimums, you may already be insolvent. That means your debt is no longer manageable with your current income. Here are key warning signs: You owe more than you can repay in five years Collectors are calling or legal threats are piling up Your wages are being garnished You're thinking of draining your RRSP or TFSA to stay afloat You feel overwhelmed, anxious, and stuck If any of these sound familiar, it might be time to speak with a Licensed Insolvency Trustee. A bankruptcy or consumer proposal will hurt your credit in the short term, but it can also stop interest charges, end collection calls, and give you a structured plan to move forward. What happens when you declare bankruptcy? The concept of bankruptcy was first introduced in England in 1542 under King Henry VIII as a way of providing conditional forgiveness to merchants who may have lost valuable cargo due to shipwreck, piracy, or other mishaps. Before bankruptcy forgiveness, these merchants may have been forced into a position of indentured servitude to pay off their debts. Today, bankruptcy is considered a last resort that provides legal relief from most debts. However, it significantly impacts your credit score and your report will reflect the bankruptcy for six to seven years after your discharge (or longer if you've declared more than once). Lenders view bankruptcy as a major red flag, which can make it more difficult to qualify for new credit during that period. A consumer proposal, on the other hand, is a formal agreement to repay a portion of your debt over time. While it's less damaging than bankruptcy, it still stays on your credit report for three years after completion. During and after repayment, your credit score may remain low, but the damage is not permanent. Repairing your credit after bankruptcy or a consumer proposal New reports are showing that an increasing number of Canadians missed credit card or mortgage payments in the first quarter of 2025. While a few missed or late payments shouldn't drive you to bankruptcy immediately, these mishaps can lead down a slippery slope if you don't find a way to get back on top of your finances. That being said, if you do end up having to file for bankruptcy or a consumer proposal with a creditor, it can have a serious impact on your creditworthiness: Your credit cards may be cancelled You may become ineligible for new loans or lines of credit Your interest rates may increase You may find it harder to be approved for rental housing You may be denied for a mortgage loan With time and work, though, you can rebuild a positive credit profile. These are the first steps you should take. 1. Make sure your debts are discharged After your bankruptcy or consumer proposal is completed, make sure you obtain your credit reports from both Equifax and TransUnion (which you can get for free). While reviewing your report, check that all included debts are marked as 'settled,' 'included in proposal,' or 'discharged.' Mistakes on your credit report can delay your progress, so dispute any errors as soon as possible. 2. Start using a secured credit card After a bankruptcy or consumer proposal, you likely won't be eligible for a traditional credit card with a line of credit. Instead, you'll have to apply for a secured credit card that works like a prepaid debit card. Essentially, you pay your credit balance upfront and can use the card freely after. Each time you pay your credit balance, you'll have an on-time payment marked on your report. With enough time and use, you'll regain trust in the eyes of credit card companies. 3. Pay all future bills on time Bankruptcy and consumer proposals are a second chance - so don't mess it up. Missed payments can damage an otherwise pristine credit profile. Missed payments on a credit profile that's already gone through bankruptcy can have an even more severe impact since it shows you're a repeat offender who can't learn from your mistakes. 4. Keep your credit utilization low Once you're able to rebuild trust with creditors and receive a traditional line of credit, make sure that you keep your utilization rate on that card low - ideally under 30 per cent. This shows creditors that you're using your card responsibly, as opposed to maxing out your balance in a state of financial desperation or with irresponsible spending (both major red flags). 5. Limit new credit applications Whenever you apply for a new line of credit or a loan, you'll have a credit inquiry that will remain on your credit profile for two years. Too many inquiries on your credit profile can show desperation and can indicate that you're not in a financial position to be able to cover your basic expenses. Ideally, you want to limit your inquiries to less than one or two per year, especially during the fragile period while you're rebuilding your credit from the bottom. When can you apply for major credit again? If you've declared bankruptcy, it may take up to six years for the bankruptcy to fall off of your credit before lenders and creditors are able to trust you with major lines of credit. During this period, you'll need to be frugal and set up an emergency savings fund to cover unexpected expenses in cash. You may also have to be willing to continue driving and maintaining the same vehicle, as you may not be approved for a new auto loan. Rebuilding your credit is a process that requires time and patience. The good news is that you get a fresh start and your debts aren't held against you for the rest of your life. During these years, take the time to build good habits and lay a solid financial foundation for yourself, so you can come back stronger than ever. 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Toronto risks losing $30M in federal funding after vote against sixplexes citywide
Toronto risks losing $30M in federal funding after vote against sixplexes citywide

CBC

time2 hours ago

  • CBC

Toronto risks losing $30M in federal funding after vote against sixplexes citywide

The City of Toronto is at risk of losing $30 million in federal housing funding after city council voted last month against allowing sixplexes citywide, a key condition of its deal with Ottawa. At its meeting on June 25, city council debated the motion to approve sixplexes in all parts of the city, but that was amended by councillors who approved maintaining permissions for fourplexes citywide while limiting sixplex construction in eight Toronto-East York district wards and Ward 23 (Scarborough North), where a pilot is already in place. In March, then-federal housing minister Nate Erskine-Smith warned Toronto Mayor Olivia Chow that any deviation from a citywide policy permitting sixplexes would result in 25 per cent less federal funding, which translates to almost $30 million of the total $118 million that Ottawa has pledged annually to Toronto from its Housing Accelerator Fund, a program that provides incentive funding for cities to build more homes. Gregor Robertson, Canada's new housing minister, has not indicated whether he will follow his predecessor's lead. In a statement to CBC News on Thursday, a spokesperson said the federal government is working with Toronto to meet its sixplex goals. "The Housing Accelerator Fund rewards ambitious housing initiatives from local governments, with a focus on reducing bureaucracy, zoning restrictions, and other red tape. We are working closely with the city of Toronto to meet these goals and remain ready to work with all levels of governments to tackle the housing crisis," said spokesperson Mohammad Hussain. Allowing sixplexes would mark a "significant milestone" in meeting Toronto's commitments under the federal Housing Accelerator Fund to allow more low-rise, multi-unit housing development through as-of-right zoning bylaws in its neighbourhoods, according to a report by Toronto's chief planner from last month. WATCH | Mayor Chow asked Ottawa for more funding to build houses faster: Mayor Chow asks for more funding to build homes faster in meeting with PM Carney 1 month ago Duration 8:25 Toronto Mayor Olivia Chow sat down for a private meeting with Prime Minister Mark Carney. She tells Power & Politics she asked for more funding to 'build, build, build.' Last year, council decided to permit multiplex housing across the city. This year, as part of a pilot project in Ward 23, staff began studying the potential of permitting low-rise multiplexes with up to six dwelling units and with heights of up to four storeys. Based on that study, city staff made their recommendation last month that city council approve by-law amendments to permit fiveplexes and sixplexes in low-rise residential neighbourhoods across the city. 'Using money as a punishment' Alison Smith, professor of political science at the University of Toronto, said there are better ways for the federal government to help municipalities meet their housing targets other than cutting funds. A good solution would be housing-enabling infrastructure to ensure municipalities have what they need in order to build more homes, she said. "I think a better way for the feds to go about it would be to set municipalities up for success by providing an environment in which they can succeed, rather than using money as a punishment or as a penalty," Smith told CBC News. "The federal government has the money, but doesn't have the power to make changes," she said. "They can't just send money out and not get results, so I think the federal government is feeling the pressure to show that its investments are making an impact and are making changes." Coun. Gord Perks, who was pushing for a city-wide adoption at the council meeting in June, warned councillors that the city could be denied funding if it voted against approving sixplexes. "I've spent a considerable amount of time and effort working with my colleagues on council, trying to find majority support for doing what this council already committed to in 2023, which is citywide sixplexes," he said after the council debate. "But I've been unable to find that." Along with Ward 23, the following wards now allow sixplexes: Ward 4, Parkdale-High Park. Ward 9, Davenport. Ward 10, Spadina-Fort York. Ward 11, University-Rosedale. Ward 12, Toronto-St. Paul's. Ward 13, Toronto Centre. Ward 14, Toronto-Danforth. Ward 19, Beaches-East York.

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