6 hours ago
Category Archives: Business
History was made Thursday.
The value of a single Bitcoin exceeded that of an ounce of gold, for the first time ever.
By Friday morning, the encrypted digital currency was worth $1712.06, compared to $1228.7 for a troy ounce of gold.
Around the same time last year, Bitcoin’s value sat at around $360, nearly five times less than where it’s sitting now.
Ontario’s will be seeing relief from high hydro bills following a decade of steadily increasing rates and the Liberals’ steady decline in approval ratings.
Ontario Premier Kathleen Wynne announced a new plan Thursday morning that will reduce hydro rates by about 17% on the average bill.
That’s on top of the 8% reduction announced at the beginning of the year, making rates drop by a total of 25% on average.
Wynne said the rate relief strategy—which will kick in this summer—is built to last.