The Ontario Teachers' Pension Plan says it is writing down its US$95-million investment in FTX, the cryptocurrency exchange that collapsed last week, to zero.
The Ontario pension fund invested US$75 million in FTX International and its US entity FTX.US in October 2021 followed by an additional US$20 million in FTX.US in January this year.
The investments were made through Teachers' Venture Growth in a move to gain exposure to an emerging area in the financial technology sector.
Ontario Teachers' says the investment represented less than 0.05 per cent of its total net assets and equated to ownership of 0.4 per cent and 0.5 per cent of FTX International and FTX.US, respectively.
It says the loss will have a limited impact on the plan, given its size relative to its total net assets and strong financial position.
John Ray III, who was appointed CEO at FTX last week, has called the situation a "complete failure" of corporate control at the cryptocurrency exchange.
This report by The Canadian Press was first published Nov. 18, 2022.
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
The daughter of a New Brunswick man recently exonerated from murder, is remembering her father as somebody who, despite a wrongful conviction, never became bitter or angry.
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
The B.C. woman convicted of killing Reena Virk described the TV series dramatizing the notorious 1997 murder as disrespectful to the victim and her family.
Eleven Republicans who submitted a document to Congress falsely declaring that Donald Trump beat Joe Biden in Arizona in the 2020 presidential election were charged Wednesday with conspiracy, fraud and forgery, marking the fourth state to bring charges against 'fake electors.'
A Chicago sidewalk landmark some residents affectionately called the 'rat hole' was removed Wednesday after city officials determined the section bearing the imprint of an animal was damaged and needed to be replaced, officials said.
Republican legislative leaders in Ohio say they are negotiating with Democrats to assure U.S. President Joe Biden appears on the state's November ballot, but the exact shape of the solution remains murky.
A Peruvian judge has ordered 18 months of preventative detention for an Iranian and two Peruvian men while they are investigated for allegedly attempting to kill two Israelis living in the South American country.
An Indigenous group in Brazil said Wednesday its members detained 12 people for allegedly mining illegally in the Amazon and handed them over to police.
Paul Jeremiah Grice, 31, was charged in Texas County with two counts of first-degree murder, two counts of kidnapping and conspiracy to commit murder.
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
Canada's Deputy Prime Minister Chrystia Freeland was among the 1,700 delegates attending the two-day First Nations Major Projects Coalition (FNMPC) conference that concluded Tuesday in Toronto.
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
It was a powerful morning at Regina's Conexus Arts Centre Wednesday, where the Lieutenant Governor hosted the annual Saskatchewan Prayer Breakfast and a provincial doctor told his story of survival from a deadly heart condition.
The U.S. Food and Drug Administration said on Tuesday that it had found bird flu virus particles in some samples of pasteurized milk, but said commercial milk supply remains safe.
U.S. President Joe Biden signed legislation Wednesday that could ban TikTok in the U.S. while his campaign has embraced the platform and tried to work with influencers.
A new paper says a giant salmon that lived five million years ago in the coastal waters of the Pacific Northwest used tusk-like spikes as defense mechanisms and for building nests to spawn.
Prime Minister Justin Trudeau says he's not going to comment on the future of TikTok in the United States, but his own government will continue to look out for Canadians' security.
The B.C. woman convicted of killing Reena Virk described the TV series dramatizing the notorious 1997 murder as disrespectful to the victim and her family.
A judge has declined to dismiss hundreds of lawsuits filed against rap star Travis Scott over his role in the deadly 2021 Astroworld festival in which 10 people were killed in a crowd surge.
It's a midweek lunchtime on an unassuming residential street in Vauxhall, south London. There aren't many people about – the occasional dog walker, a few runners, a couple of delivery drivers. I'’s pretty much what you’d expect on a drizzly work day.
Boeing said Wednesday that it lost US$355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
New condo sales in the Toronto region dropped to the lowest quarterly total since the financial crisis in 2009 amid high interest rates and affordability issues, a new report has found.
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
A Polish pilot proposed to his flight attendant girlfriend during a flight from Warsaw to Krakow, and she said yes.
A portrait of a young woman by Gustav Klimt that was long believed to be lost was sold at an auction in Vienna on Wednesday for 30 million euros (US$32 million).
Brad Marchand scored twice, including the winner in the third period, and added an assist as the Boston Bruins downed the Toronto Maple Leafs 4-2 to take a 2-1 lead in their first-round playoff series Wednesday
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
The Nashville Predators downed the Vancouver Canucks 4-1 Tuesday night and levelled the series at 1-1.
A made-in-China electric vehicle will hit North American dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 less.
Tesla's first-quarter net income plummeted 55 per cent as falling global sales and price cuts sliced into the electric vehicle maker's revenue and profit margins.
Josef Newgarden’s win in IndyCar’s season-opening race at St. Petersburg was disqualified Wednesday because Team Penske manipulated its push-to-pass system during the race, making Pato O’Ward the winner.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
A Canadian sports economist is encouraging Canucks fans to enjoy the team’s playoff run, but cautioning against having big expectations around economic spinoffs.
The man who was stabbed by a stranger on the White Rock Pier last weekend is new to Canada, according to his wife.
Police and firefighters are going door-to-door telling people who live in the vicinity of a wildfire burning out of control near Chetwynd they need to evacuate.
Ontario is still playing catch up on routine vaccinations that many children missed during the pandemic and public health officials are warning that it could take years to solve the problem.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and Honda executives are expected to announce today that the Japanese automaker is building an electric vehicle battery plant in Alliston, Ont., part of a $15-billion investment.
A month after workers at the Art Gallery of Ontario (AGO) walked off the job, their union says a tentative deal has been reached with the gallery.
The City of Calgary's wildlife team says they're fielding hundreds of calls about coyotes.
A serious vehicle collision near Okotoks, Alta., shut down roadways on Wednesday evening.
Residents of one southeast Calgary neighbourhood have raised thousands of dollars to support a family grieving the losses of a father and grandfather.
The director of education for the Ottawa-Carleton District School Board says making sure elementary school students can attend classes close to home is an important part of making schooling in Ottawa more equitable.
The National Capital Commission has purchased the old Dunnderosa Golf Course in Chelsea, Que., as part of its plan to acquire private properties in Gatineau Park.
There are questions about how the National Capital Commission might fit bike lanes on the Queen Elizabeth Driveway and Colonel By Drive.
A mother and daughter are speaking out after a Quebec man was sentenced to house arrest for years of domestic abuse. They were both physically assaulted by the mother's ex-partner and say the offender got off with another light sentence.
Speaking to CTV News, some Montreal drivers said they were in favour of the new measure and said they'd like to see Quebec follow suit.
Kristin O'Neill had a goal and an assist in helping lead Montreal to a 5-2 win over New York and clinch a playoff spot in the Professional Women's Hockey League.
The Alberta government says it will pay nurse practitioners 80 per cent of what family doctors are paid – if they want to practice comprehensive primary care.
Former Oilers player, coach and general manager Craig MacTavish talks to CTV News Edmonton's Matt Woodman about playoff hockey and Game 2 between Edmonton and Los Angeles.
Alberta Health Services issued a measles alert in Edmonton Wednesday after confirming a case.
Community members gathered at a mosque for Ahmad Al Marrach — a 16-year-old murder victim — for his funeral on Wednesday.
A Cape Breton man won $1.5 million after buying $200-worth of Atlantic Lottery Scratch’N Win tickets.
Fishery officers seized more than three kilograms of elvers and arrested five people from Maine for Fisheries Act infractions in Digby County, N.S., on Saturday night.
A new fight is gearing up at city hall over Lemay Forest.
A Winnipeg Jets fan found a unique way to stand out amid the Winnipeg Whiteout; he wore a salmon-coloured shirt.
We feel good about ourselves and we feel we can go in there and win a game," Bowness said.
Beginning April 29, Dewdney Avenue between Albert Street and Broad Street will see a number of construction sites.
It was a powerful morning at Regina's Conexus Arts Centre Wednesday, where the Lieutenant Governor hosted the annual Saskatchewan Prayer Breakfast and a provincial doctor told his story of survival from a deadly heart condition.
A throwing star and crossbow were among the seizures by police as part of a drug trafficking investigation on George Gordon First Nation and in Punnichy, Sask. last week.
A Waterloo, Ont. teacher says she’s frustrated after learning the arthritis medication she depends on is no longer covered under her benefits plan and she'll have to switch pharmacies to avoid paying out of pocket.
A Cambridge pizza restaurant got a temporary makeover this week, turning into a fictitious donut shop as part of a film production.
A pedestrian had to be taken to an out-of-region hospital following a crash in Kitchener.
Darlene Hartshorn is a mother and grandmother from Warman who is making a difference by helping those who need a hand up.
A Saskatchewan woman who was taken for an involuntary mental health assessment is entitled to find out who had her committed, a provincial court judge has ruled.
International aircraft giant Boeing has made a multi-million dollar commitment to the Saskatchewan Indian Institute of Technology (SIIT) to help address shortages in the aviation industry.
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.
Some members of the Garden River First Nation are demanding answers regarding the disbursement of the Robinson-Huron Treaty settlement funds.
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
In the midst of a homelessness crisis, an influx of asylum seekers is putting additional pressure on London, Ont.’s limited number of permanent shelter beds.
Nine years after a London, Ont. man was shot to death in a botched robbery at his home, the man responsible for the shooting was given a prison sentence on Wednesday.
Frustrated employees of Wescast’s shuttered auto parts manufacturer in Wingham, Ont. will be sending a message to their former ownership on Thursday.
OPP have confirmed that human remains found in Georgian Bay Township belong to 60-year-old Eric Spencer, who went missing in 2018.
It was a history-making night on Wednesday for Simcoe County Rovers FC, as the semi-pro team faced off against MLS team, Toronto FC.
U.S. Marshals joins search for Deshawn Davis, one of Canada’s most wanted, accused of the kidnapping of Elnaz Hajtamiri in Wasaga Beach January 2022 and the suspect in a nightclub shooting that took place in May of last year.
A Windsor man convicted in a violent murder 20 years ago was successful in his ‘faint hope’ bid for an early chance at freedom after a jury agreed he should be given the chance to apply for early parole eligibility.
Prime Minister Justin Trudeau, Ontario Premier Doug Ford and Honda executives are expected to announce today that the Japanese automaker is building an electric vehicle battery plant in Alliston, Ont., part of a $15-billion investment.
A Kingsville, Ont. brewer is dedicating sales of a special beer this month in honour of his late mother.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
The B.C. woman convicted of killing Reena Virk described the TV series dramatizing the notorious 1997 murder as disrespectful to the victim and her family.
Crown counsel was unable to approve "significant" drug and weapons charges stemming from an arrest in Quesnel, B.C., last year because the officers involved "refused to provide any evidence," according to a report from the province’s police watchdog.
An emaciated dachshund is now recovering thanks to a Good Samaritan who found the pup near a biking trail in Kelowna, according to the BC SPCA.
Search and rescue crews have been called in after a vehicle belonging to a missing senior was located near a rural intersection outside of Kelowna Tuesday.
Major crime detectives in British Columbia are investigating a suspected homicide after a body was found in a remote area southeast Kelowna over the weekend.
It’s not even May 1 and the fire risk for southern Alberta is already alarming.
Whoop-Up Days is still four months away, but applications to be in this year’s parade are now open.
Lethbridge has added 28 physicians over the past year, according to a quarterly report published by the College of Physicians and Surgeons of Alberta.
Some members of the Garden River First Nation are demanding answers regarding the disbursement of the Robinson-Huron Treaty settlement funds.
The Ontario Provincial Police, in partnership with the Treaty Three Police Service, have charged a suspect with murder following a homicide in a remote northwestern Ontario community.
A 15-year-old in Sault Ste. Marie has been charged following an incident on Bay Street on Tuesday.
Uber Technologies Inc. says it has brought its ridesharing platform to Newfoundland and Labrador.
Newfoundlander Christian Sparkes has shot several films around his home province, but with his new psychological thriller 'The King Tide' he saw an opportunity to wander into one unique town that had eluded him over the years.
The Department of Fisheries and Oceans says two people were found dead and four others survived after a boat capsized off the west coast of Newfoundland.
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