Canada’s unemployment rate climbs, Sam Bankman-Fried is convicted and John Chen exits BlackBerry: Business and investing news for November 5

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Plus, is a $100,000 salary enough for a comfortable life anymore?

Getting caught up on a week that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.of orchestrating multimillion-dollar fraud against the cryptocurrency exchange’s customers. The former crypto golden boy was found guilty on seven counts of fraud and conspiracy by a 12-member jury, which reached the verdict after over four hours of deliberations.

An estimated $900-billion in Canadian mortgages are due to renew between 2024 and 2026, and could face a sharp increase in payments, according to a report by Darko Mihelic, an analyst who covers the banking sector for RBC Capital Markets. Borrowers that have variable-rate mortgages with fixed payments will see the biggest shock if they’re set to renew in 2026. TakeOnce upon a time, a $100,000 salary loomed large in the collective imagination as code for having made it.

 

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Bankman-Fried's trial exposed crypto fraud but Congress has not been eager to regulate the industryPALM SPRINGS, Calif. (AP) — The conviction of former cryptocurrency mogul Sam Bankman-Fried for stealing at least $10 billion from customers and investors is...
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