Kidnapping extortion plot a ‘significant escalation,' say Calgary police

Calgary police say extortion crimes have escalated after five men allegedly kidnapped a man in an attempt to extort his friend, with the case spanning Alberta’s two largest cities. The report points to a significant rise in violent extortion activity, but it is primarily a public safety and law-enforcement issue rather than a direct market-moving event.

Analysis

Calgary police say extortion crimes have escalated after five men allegedly kidnapped a man in an attempt to extort his friend, with the case spanning Alberta’s two largest cities. The report points to a significant rise in violent extortion activity, but it is primarily a public safety and law-enforcement issue rather than a direct market-moving event.