Global News published this video item, entitled “Drake, Ryan Reynolds among investors for Canadian-based Wealthsimple online trading app” – below is their description.
Toronto-based Wealthsimple, an online trading app, secured a landmark $750 million worth of fresh funding, with investors including Drake, Ryan Reynolds and Michael J. Fox, pushing the company’s valuation to $5 billion.
The company has more than two million users across Canada and is attracting new users, some of who say they started using the app due to its ease of use compared to others.
As Anne Gaviola reports, the new funding has analysts saying the app has only just begun to change how Canadians bank and think about their money.
Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.
Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.
Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.
As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.
Michael Andrew Fox OC, known professionally as Michael J. Fox, is a Canadian-American former actor, comedian, author, film producer, and activist with a film and television career spanning from the 1970s. He starred in the Back to the Future trilogy in which he portrayed Marty McFly.
Toronto, the capital of the province of Ontario, is a major Canadian city along Lake Ontario’s northwestern shore. It’s a dynamic metropolis with a core of soaring skyscrapers, all dwarfed by the iconic, free-standing CN Tower.