The Wall Street Journal

Shootings soar in ‘safe’ city as tow-truck gangs fight it out

Shootings soar in ‘safe’ city as tow-truck gangs fight it out
The towing business is particularly vulnerable to corruption because it offers gangs an easy way to make money and transport contraband, industry experts say. (Image: Depositphotos)
The Wall Street Journal
By Vipal MongaTowing cars has become a deadly business in Canada’s largest city. Rival gangs control parts of the tow-truck industry in Toronto, using the heavy-duty vehicles to transport drugs, extort car-crash victims with high fees, and fake automobile accidents to defraud insurance. They once resolved their territorial differences with their fists, but now a wave of gun smuggling from the US has turned their fights into a lethal blood sport.This year through to late August, Toronto shootings are up 50% compared with the same...

More World

Canadian company buys majority stake in Serato for $116.9m
News in Brief

Canadian company buys majority stake in Serato for $116.9m

Canadian technology holding company Tiny has announced a 66% acquisition of DJ software company Serato for US$66 million (NZ$116.9m).Tiny has agreed to acquire the majority stake in Serato, payable through a combination of cash and Class A common shares. The deal valued the compa...

Staff reporters 01 Apr 2025
How to make 267% – or lose 90% – on treasury bonds
Investments Opinion

How to make 267% – or lose 90% – on treasury bonds

Extra-touchy funds come in two basic forms: leveraged and inverse.