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April 6, 2019 | The Current Looks at the Cost of Rampant Money Laundering in Canada

Danielle Park

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Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Not only are drug traffickers and other criminals enabled, and needed tax revenues avoided, but investigators confirm that money laundering flows have been a significant factor driving up the price of real estate and related services (and thus the debt for Canadian households), as well as auto sales and luxury products, far beyond the means of most Canadians.  This is lose, lose for Canada–completely counterproductive, and it’s not just a problem in BC.  The segment starts at 47:00 on the play bar here.

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April 6th, 2019

Posted In: Juggling Dynamite

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