The cost of commuting, FTX crypto celebrities and a change in one-percenters: Must-read business and investing stories

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.housing markets

surrounding the Greater Toronto Area became increasingly popular for homebuyers priced out of the region. But as workers are being called back to the office – even just for a few days a week – those who moved out of town are learning that. As Salmaan Farooqui reports, one woman who bought a home in Belleville now spends $600 a month to travel to her Toronto-based finance job three times a week.

lol “rising interest rates are hurting the bank of Canada”. Ya ok

Commuting not only costs more money, but now that people know working from home produces results it costs a piece of your soul to drive in knowing you could have saved time and money. Seen more of your family. Eaten a healthier lunch, prepped for dinner during breaks ect.

globeinvestor My dad used to carpool to work back in the 90s. Why did that stop being a thing? Carpool

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Ontario Teachers' Pension Plan writes down US$95M FTX investment to zeroThe Ontario Teachers\u0027 Pension Plan says it is writing down its US$95\u002Dmillion investment in FTX to zero. Lol who signed off on that awful investment. True.. very rich teachers pension plan. However 95M nothing to downplay.... Sue them
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Tom Brady, Gisele Bündchen, Other Celebrities Named In Crypto Company FTX LawsuitA host of Hollywood and sports celebrities including Tom Brady, Gisele Bündchen and Larry David were named as defendants in a class-action lawsuit against cryptocurrency exchange FTX, arguing that their celebrity status made them culpable for promoting the firm’s failed business model. FTX has been in the public eye for more than a week, after…
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