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THURSDAY, DECEMBER 13, 2018
A second Canadian citizen is being detained in China. The man is identified as Michael Spavor contacted Canadian officials in Beijing to explain he’d been questioned by Chinese authorities. Spokesperson Lu Kang confirmed that entrepreneur Michael Spavor and former Canadian diplomat Michael Kovrig were taken into custody on Monday and they’re being handled separately. Spavor was held on suspicion of “endangering national security,” China’s Foreign Ministry said Thursday. Beijing had threatened retaliation for this month’s arrest of Meng Wanzhou at America’s request. It’s not clear if the separate detentions of Canadian Michael Kovrig and Michael Spavor are part of that. But Freeland says Canadian officials are dealing with Meng Wanzhou who is out on bail in Vancouver, in a routine way. China’s Foreign Affairs Minister has revealed that both Canadians are being detained on suspicion of endangering national security. Joining Libby in studio is Cheuk Kwan with the Toronto Association for Democracy in China, and we’ll also speak with Brian Crowley, Managing Director of the Macdonald-Laurier Institute and Hugh Stephens, Distinguished Fellow Asia Pacific Foundation of Canada.
We take a look at the year in review from an investment perspective. While 2018 has proven to be a very different year from 2017, what we refer to as the Trump bump has gone away, but volatility and uncertainty have returned. Market bounce-back often happens when you least expect it. We know it’s been a tough October and November for investors this year with markets dropping, and some markets actually ending up ‘in the red’ this year. When investors get worried, some choose to pull the investments back into cash. But then when is the right time to get back in? So many questions about our financial future.,which is why it’s great to have Allan Small, Senior Investment Advisor at Allan Small Financial Group with HollisWealth explain how to invest defensively in 2019.