An estimated $113 billion gets laundered in and through Canada annually: expert

Christian Leuprecht, co-editor of Dirty Money: Financial Crime in Canada, professor at the Royal Military College and Queen's University and senior fellow at the Macdonald Laurier Institute, joins BNN Bloomberg to talk about the rise of financial crime in Canada and why Canada has become a preferred destination for money laundering.
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[@peteclarke]

They call money laundering "real estate" in Canada

[@mqii]

And they just keep bidding up with cash deals anyways. Why would interest rate deals matter if they just buy it with cash deals right?

[@MangoFlamingo]

@@mqii InVesTiG in CryPtO also

[@ln9680]

Yup! Yet, our useless, weak, corrupt government does NOTHING about it.

[@pinkcichlid]

You call it a "crime", the gov calls it a major component of our GDP.

[@Icecold0505]

And Canadian citizens pay the bill.

[@JessT-vg7ib]

Why isn't Trudeau doing something about this?

[@ernie8401]

He’s probably allowing it and they’re paying him a percentage

[@GMHI-Corporation]

Unfortunately, he's the catalyst of the issue!

[@Barr894]

That’s the whole idea, to get everyone’s attention away from the economic mess, the government has created - it’s called “wag the tail”. Point the fingers at a side issue and get people off your back. That’s exactly what Trudeau wants and needs.

[@AcesOntheRiver]

Because its the foundation of the housing market which is the foundation of the "economy"

[@Dailyrandomshortz]

He probably doesn’t even know what money laundering means

[@tonylinardi3089]

Why does no one go to jail??? This is criminal in so many ways!

[@Doug-zl8nb]

Doug Ford said he was going to build a mass of jail. Where is it you put the government in there first? You put the snake at the top and their next.

[@trails3597]

Limited resources to fight money laundering is code for it would affect the bottom line of the banks.

[@lombo5293]

All Canadian political parties involved in this. Happening for deveral decades.

[@Barr894]

It gets sent to Ukraine.

[@priuss6109]

Bingo!

[@user__100]

Canada uses Newcomers to pay pensions of old Europeans through tax

[@Murderwords-xw8sf]

YOU get it

[@yeow23]

That's the story they have been telling. The trade doesn't make sense, and won't really work without lots of debt and redistribution.

[@Murderwords-xw8sf]

@@yeow23 Europe never stopped colonizing and all end up back on their doorstep when it comes to reparations. " Multiculturalism is where cultures go to die, so long as classism curates multiculturalism.'' - Me, 2022 There haven't been two world wars there for nothing, a third is pending and THAT is where CRT and EDI comes from. The WEF must be destroyed; Note that the EU is incompatible with immigration but WE are racist... W E F = we are f a s c i s t s. E U needs to be broken, it is why the UK left.

[@curtis1397]

Attempting to tie this money laundering to crypto is pathetic. More crime is done using fiat money than crypto.

[@goldeneastgun]

What... Bankers are crooks? You don't say.... 😂😂😂 What surprise said no one.

[@ronjcharity]

Maybe Trudeau could tax people to fix it???

[@jeffleung3253]

I believe this . I am gonna say Trudeau is a kick back on this

[@maryjoan4128]

Another example of Canada's industrial incompetent environment

[@trevors1410]

A house in my neighborhood which was purchased for $1.8m a year ago then rented out to a couple of people now has a dozen people the landlord can’t sell the price came down to $1.2m what a loss and ruined the neighborhood cause they have cars parked on sidewalks and on the grass

[@robertgloeden5798]

This is how we keep our economy going

[@ShamileII]

Bought more TD stock today on the huge dip.

[@hchalz]

Enjoy. It's all yours. It takes courage to invest in Canada when you know Trudeau and Freeland will take the lion's share of any returns you might have, while calling Canadians to hate you.

[@jackiw7]

Huge dip? Its down less than $5 from a month ago

[@brandonanddaddy]

Can they pay me my 60M now?

[@Murderwords-xw8sf]

Take carbon tax from THAT CRA!

[@Don-ex5ih]

Houses are sold over asking 😂 Now we know how?

[@clarkedave629]

To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income, particularly on a weekly and monthly basis .that's the key to living a financially stable life. I pray that anyone who reads this will be successful in life..

[@Elysemarta149]

I started trading crypto this two months ago but I didn't really get far, I wouldn't mind a couple of tips on how to resume back and make better returns

[@stevenwilliams-xy8tz]

Cypto is a whole different ball park. I would only invest funds in it that you are willing to lose or don't need. In terms of day trading cypto I don't keep an eye on anything at the moment except XRP. Wouldn't be the right guy for day trading cypto

[@Just_Another_Guy.691]

I'm still trying to understand exactly how this all works, what does $1000 dollars do if I try to buy bitcoins?

[@jamiewinks-yf6bj]

Kathie Morgan is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

[@hannieLech_user83]

When will i start finding consistency? and more honest questions. How long ,would I rough expectation to find consistency for a new day traders?

[@davidkolisnek6601]

2nd only to ukrain

[@melsenbabe]

lol I guess one can buy real estate with crypto in Canada since these guys claim crypto is used for professional money laundering here

[@ChineseRatfaceCHANG]

crypto is a pyramid scheme and you don't actually own your assets since anyone who plugs in your private key now also owns your account. GG if you ever get a computer virus.

[@matrixripp09]

Free GDP

[@attagoudarzi8051]

how can i get a taste?

[@speedyfeint]

3rd world country

[@Doug-zl8nb]

Government has destroyed canada