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10 Proven Ways Canadian Families Can Save Big on Groceries This Summer

  Published on moneysavings.ca | Personal Finance & Everyday Savings If you've been to a Canadian grocery store lately, you already know — the sticker shock is real. Feeding a family in Canada has become one of the biggest household expenses, and with food prices still elevated, many families are looking for smart, practical ways to stretch every dollar. The good news? You don't have to sacrifice quality or go hungry to save big. With a few simple habit changes, many Canadian families are cutting hundreds of dollars off their monthly grocery bills. Here are 10 strategies you can start using today. 1. Shop the "Reduced for Quick Sale" Section First Every major grocery store in Canada — from Loblaws to Sobeys to Walmart — has a section dedicated to items nearing their best-before date. These items are often marked down by 30–50%, and they're perfectly good to eat within a day or two (or freeze immediately). Make it a habit to check this section the moment...
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Vietnamese Real Estate Tycoon Sentenced to Death in $12.5 Billion Fraud Case

 


In a shocking development that underscores an intensifying anti-corruption drive in Vietnam, Truong My Lan, a high-profile businesswoman and real estate tycoon, has been sentenced to death in the country’s largest-ever financial fraud case. Let’s delve into the key details of this remarkable legal saga:

Who Is Truong My Lan?

  • Born in 1956, Truong My Lan started her journey by helping sell cosmetics alongside her mother, a Chinese businesswoman, in Ho Chi Minh City’s oldest market.
  • In 1992, she and her family established the Van Thinh Phat (VTP) company, capitalizing on Vietnam’s shift from a state-run economy to a more market-oriented one.
  • Over the years, VTP grew into one of Vietnam’s wealthiest real estate firms, with projects spanning luxury residential buildings, offices, hotels, and shopping centers.
  • Lan met her husband, Hong Kong investor Eric Chu Nap-kee, in 1992, and they have two daughters.

The Allegations Against Her

  • Lan’s involvement in the 2011 merger of the beleaguered Saigon Joint Commercial Bank (SCB) with two other banks caught the authorities’ attention.
  • She was accused of illegally controlling SCB between 2012 and 2022, orchestrating a complex scheme that involved siphoning funds through ghost companies and paying bribes to government officials.
  • The staggering amount involved in the fraud case is $12.5 billion, nearly 3% of Vietnam’s 2022 GDP.

The Unprecedented Verdict

  • While death sentences are not uncommon in Vietnam, it’s exceptionally rare for someone as high-profile as Truong My Lan to face such a fate in a financial crime case.
  • Her arrest, subsequent sentencing, and the sheer scale of the scam have sent shockwaves through the nation and beyond.
  • The court’s decision reflects the country’s determination to combat corruption and hold even influential figures accountable.

Truong My Lan’s case serves as a stark reminder that no one is above the law, regardless of their status or wealth. As Vietnam continues its fight against financial malfeasance, this verdict will reverberate throughout the business and legal communities.

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