November 10, 2021 at 12:15 pm
I thought it might be time for an update on the Bridging Finance story but in case you’ve forgotten about Bridging, I’ll do a sort-of “previously on” recap. Bridging Finance is a Toronto-based “alternative lender” providing financing to projects considered too risky by traditional banks. It raises money through theRead More
July 14, 2021 at 12:49 pm
As you may recall, the Spectator reported some weeks ago on the local implications of the scandal rocking Toronto-based private debt firm Bridging Finance Inc (BFI); namely, that Membertou First Nation borrowed $6.8 million from Bridging to finance its purchase of a stake in Novaporte, Albert Barbusci’s imaginary Sydney harborRead More
June 23, 2021 at 12:21 pm
Membertou Chief Terry Paul, whose band borrowed $6.8 million from Toronto-based private lender Bridging Finance Inc to finance an investment in a proposed Sydney container terminal, says he is not concerned about the arrangement despite Bridging having been placed in receivership on April 30 amid allegations of fraud and misappropriationRead More
January 24, 2020 at 11:18 am
Hidden agenda setting The CBC’s Tom Ayers had a pair of good CBRM council-related stories this week — and by “good” I mean, it’s good someone is covering this stuff not “This is good news!” Both stories are based on access to information requests to the CBRM. (Ayers didn’t leaveRead...
October 18, 2018 at 8:12 am
For-profit prisons This has to be the most unfortunate story pairing of the month — the journalistic equivalent of steak and white wine. Or Dr. Pepper. Or motor oil. First, on 11 October, the Chronicle Herald‘s John DeMont (whose writing I frequently enjoy) wrote a puff-piece about Geoffrey Rubin, theRead More
October 3, 2018 at 12:22 pm
Susan Leblanc, the NDP MLA for Dartmouth North, has introduced a bill that would see the provincial government guarantee personal, short-term, “micro-loans” for amounts up to $2,000 from credit unions. I spoke to Leblanc briefly, by phone, on Friday and she told me the guarantee would be similar to theRead More