5 Things To Know
China’s stock market falls by biggest margin in eight years. Toronto police to update investigation into Ashley Madison hack. CIBC poll shows half of post-secondary students out of money before year ends. Autograph hunter suing Drake, alleging beating by members of entourage outside Muzik. Blue Jays regain lead in AL East with sweep of Angels.
World Markets Feeling Impact in China
It could be a rough day on the world markets with China hitting lows they haven’t seen since 2007. It’s being called a “Black Monday” in China with the Shanghai composite index dropping by more than 8.5% today and losing 12.5% last week. European markets are already feeling the impact as investors there seem to have been gaining fear. The price of oil is down below $40 per barrel as the week kicks off. Also, the Dow Jones futures index has dipped by almost 6% and the Canadian dollar currently sits at 0.75 cents U.S.
Toronto Police Holding News Conference Connected to Ashley Madison
It’s been the most talked about website in recent weeks and now more details are set to be unveiled about Ashley Madison by Toronto Police. A news conference is scheduled to take place at Police Headquarters at 10 a.m. with international law agencies on hand. The backlash from the Ashley Madison hack has now begun, as people are receiving e-mails offering to save them from embarrassment. There have also been reports of a possible suicide from a former member in the USA.
Half of Post-Secondary Students Out of Money Before Year End
It’s becoming pretty common for post-secondary school students to run out of cash before the school year ends and find themselves turning to the ‘bank of mom and dad’ for some cash. The CIBC has released a new poll that shows 51% of post-secondary students received a helping hand from their parents in 2014 due to a shortage in funds. The poll also finds that 48% of students who come from families with an annual income of at least $125,000 still reached out to their parents for financial support in comparison to 52% with families earning less than $75,000. According to Wealth Advisory Services, 86%of those parents surveyed feel they fulfilled their goal of supporting their children as good role models. CIBC Managing Editor, Sarah Widmeyer says students were using their parents like bank machines.
Drake Facing Lawsuit from Incident in 2014
Toronto rap star Drake has been dragged into more contentious matters pertaining to violence at Muzik nightclub from the summer of 2014. Pedro Sacadura, is an autograph seeker, who is suing the former Degrassi star, along with members of his entourage and Muzik in a lawsuit by “John Doe.” Sacadura claims that he was beaten outside of the 2014 OVO Fest after-party, where he had his chin cut and suffered a fractured leg. He also managed to get a video of the altercation. His lawyer indicates that he is looking for $100,000 in personal injury damages.
Blue Jays Regain Lead In AL East With Sweep of Angels
Three days, three games, 36 runs. The Blue Jays bats were swinging strong in Anaheim as yesterday 12-5 win capped off a series sweep of the Angels. In fact, the Jays tied a franchise record for most runs in a series. Toronto now leads the league this season with 670 runs and are back on top of the American League East standings, a half game up on the New York Yankees. The Blue Jays resume their eight game road trip with the first of three in a row in Texas tomorrow.