Waterdown men charged in Highway 427 road rage incident

Two Waterdown men are facing criminal charges related to a road rage incident on Highway 427 last month.Cell phone footage captured the dangerous interaction on January 4 between two men and three women on the busy Toronto highway.Police say a vehicle aggressively drove up behind the victims and flashed their high beams several times. The vehicle then passed the victim’s car, pulled in front and stopped the vehicle in the live lanes of traffic.Two men can be seen in the video getting out of the car and appear to yell profanities at the women.The driver, 47-year-old Inderjeet Singh Sanghu, is charged with dangerous operation of a motor vehicle and mischief endangering life.The passenger, 21-year-old Amritpal Sing Sandhu, is charged with uttering threats.

Stemley Cup in Hamilton

Hundreds of students put months of hard work to the test as they competed for the Stemley Cup.For the first time, the City of Hamilton played host to the robotics competition.Over 800 students converged on St.Mary Catholic Secondary School as they battled to the top.The challenge is simple, stack as many totes as you can in 2 and a half minutes.Teams battled it out in qualification and elimination matches throughout the day.The competition features teams from across Ontario and even a team from Michigan. all of them are looking to come out on top.More than 20 teams took part in the tournament, teams consisted of students from grade 9 to 12.

Police online romance scams cost Canadians millions

Police say Canadian victims lost over  $17 million to online scammers in 2017.Over 1,000 cases were reported to the Canadian Anti-Fraud Centre last year, but police say that likely only accounts for about five per cent of actual cases.According to police, these scams often involve people wooing the victim and gaining their trust to get access to bank accounts and credit cards.In some cases, the suspect will even attempt to get the victim to commit fraud on their behalf.Police say most romance scams begin on social media sites or online dating sites.They are reminding people who are looking for love online to be cautious.

Man armed with large wrench robs victim in Brantford

A 24-year-old man has been charged after a victim was robbed by a man carrying a large wrench in Brantford. Police say the victim called 911 after he was robbed while walking in the area of Park Ave. and Wellington St. just after 4 p.m. on Sunday.The suspect approached the victim from behind, raised the large wrench and stole the victim’s wallet. Police say the suspect fled to a home on Wellington St. where he threatened the homeowner. Community patrol officers found him hiding inside the residence and he was arrested. A 24-year-old Brantford man is charged with robbery, utter threats to cause death or bodily harm, intimidation and breach of probation.

Hamilton man 21 charged with impaired driving

Three people have suffered minor injuries and a woman is left fighting for her life in hospital following a head-on crash in Brantford.It happened on Park Ave. near Colborne St. around 11:30 p.m. Wednesday.Police say a white car was travelling on Park Ave. when it crossed over into oncoming traffic and collided head-on with a black SUV.The male driver of the car and a female passenger were taken to hospital with minor injuries. Another woman, who was also a passenger in the vehicle, was rushed to hospital with life threatening injuries.The woman who was driving the SUV suffered minor injuries.A 21-year-old man was arrested and charged with impaired and dangerous driving.

BC posts 15B surplus as tax revenue increases and real estate market

VICTORIA — The British Columbia government ended its fiscal year in an operating surplus of $1.5 billion with the collection of more revenue from taxation and less money from a softening real estate market.The 2018-19 public accounts released today by Finance Minister Carole James show that the province has eliminated its operating debt for the first time in 40 years.The higher-than-expected surplus is primarily due to $2.9 billion in increased revenue, largely driven by higher personal and corporate income tax and new taxes including a speculation tax and employer health tax.James says she isn’t concerned about a $315-million reduction in property transfer tax revenue, saying the previous Liberal government relied on a speculative real estate market to grow resources while her NDP government has a long-term economic plan.She says her budget in 2018 put B.C. on a different path with a record $1-billion investment in child care and $7 billion for affordable housing, and the surplus puts B.C. in a stable position amid signs of global economic insecurity.James also says her government has chosen to confront financial challenges at the Insurance Corporation of British Columbia and BC Hydro, and both Crown corporations are now on a more sustainable path.The Canadian Press read more

US shortseller Muddy Waters takes aim at Manulife Financial Corp

TORONTO — U.S.-based short-seller Muddy Waters has taken aim at Manulife Financial Corp., warning that an impending trial verdict could lead to “billions of dollars of losses” at the Canadian insurer.Carson Block, the firm’s head of research, wrote in a report published Thursday that Manulife’s life insurance subsidiary has just concluded a trial that could “significantly damage its earnings, capital, creditworthiness, business, and solvency — per its own expert’s sworn affidavit.”“We believe a verdict is likely by the end of this year,” he wrote in the report announcing Muddy Waters’ short position in the firm. “There are therefore material risks to the financial well-being of MFC. We do not believe investors are aware of these risks, nor do we believe they have been priced into MFC shares.”Shares of Manulife were down roughly three per cent on the Toronto Stock Exchange in early afternoon trading to $22.50.Short selling is a trading technique that can produce a profit if a stock’s market value falls below a predetermined price.Manulife, which has more than 13,000 staff in Canada and a global workforce of roughly 35,000, defended its actions. Manulife also operates as John Hancock in the United States.“The Muddy Waters report is a short seller’s attempt to profit at the expense of our shareholders, and we disagree with its conclusions,” it said in a statement.The company said consumers and issuers of universal life policies never intended to have the policies function as deposit or securities contracts.“We expect we will prevail with respect to this matter and that it will not affect our business operations or our ability to meet obligations to our customers, vendors and other key stakeholders.”Block — whose 2011 report into timber company Sino-Forest triggered an investigation by regulators into what became one of Canada’s largest corporate fraud cases — wrote that the trial involves one of Manulife’s insurance contracts purchased in 1997 by a hedge fund called Mosten Investment LP.The report says that Mosten argues that it can deposit an unlimited amount of money with Manulife through the universal life insurance policy and receive an annualized guaranteed return of at least four per cent with one-month liquidity.If Mosten prevails with its argument, the hedge fund could sell an unlimited amount of partnership interests backed by the Manulife insurance contract and “likely become the most lucrative money market fund in the developed world!” wrote Block.“These terms alone could financially cripple Manulife,” he said.Companies in this story: (TSX:MFC) read more

Kitchener man killed in Haldimand crash

A 34-year-old Kitchener man has been identified as the driver who was pronounced dead at the scene of a two-vehicle crash early on June 28 in Haldimand County.Haldimand OPP said Kendall Waite was behind the wheel of a sedan southbound on Highway 56 that collided with a northbound commercial vehicle, which left the roadway and struck a utility pole and trees. A witness told police the sedan crossed into the northbound lane.Police said the accident happened before 7 a.m. on Highway 56, north of Concession 4 Road, in Empires Corners.The male driver of the commercial vehicle involved was transported to hospital by paramedics.OPP traffic collision investigators are helping with the investigation.Highway 56 was closed between Haldimand Road 9 and Haldibrook Road for 15 hours while emergency crews were on the scene andAnyone who may have witnessed the collision or have any information is asked to contact OPP at 1-888-310-1122. read more

Grandfather temporarily banned from Swift Current parks after hugging kissing 10yearold girl

After a complaint about inappropriate behaviour with a child, police advised a grandfather not to attend any public parks or playgrounds until an investigation is complete.Swift Current Municipal RCMP received a complaint at 8 p.m. Sunday from a parent who reported a man had chased after some kids, including their 10-year-old daughter. The man “took hold of the girl and gave her a hug and kiss,” police said in a news release issued Tuesday morning. The girl was let go without any further incident.Police located and identified the man. No charges have been laid at this time and police will not be releasing his name.RCMP confirmed the man was at the park with his granddaughter at the time of the incident.