Banking, Bankruptcy & Insolvency
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September 12, 2024
Aird & Berlis expands with 2 new partners
Aird & Berlis recently announced the addition of new partners John Munnis and Andrea Kroetch, a recent news release stated.
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September 11, 2024
Federal Court quashes CRA decision to reassess taxpayer after accepting voluntary disclosure
The Federal Court has quashed a decision by the minister of national revenue to reassess a taxpayer without justification after accepting disclosure by the taxpayer under the Voluntary Disclosures Program (VDP) as complete.
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September 10, 2024
Securities panel discusses trends in emerging AI for retail investors
Artificial intelligence (AI) is being developed for the benefit of investors at the end-user stage, with a focus on offering accurate and helpful financial advice and services, according to a panel at the North American Securities Administrators Association (NASAA) conference on Sept. 9, hosted for the first time in Canada since 2000.
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September 10, 2024
Federal government announces public consultation as it eyes surtaxes on more Chinese goods
Amid rising trade tensions with China, Canada has launched another public consultation as a potential precursor to imposing additional surtaxes on Chinese goods.
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September 09, 2024
Court overturns summary dismissal of claim concerning stolen funds used to purchase Bitcoin
The Saskatchewan Court of Appeal has set aside the summary dismissal of claims related to the sale of Bitcoin using fraudulently obtained funds, finding that the lower court erred in rejecting evidence relevant to when the seller learned about the origin of the funds.
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September 06, 2024
Securities regulators from across North America to gather in Vancouver starting Sunday
Securities regulators from across North America will gather in Vancouver this weekend and into early next week to discuss current issues affecting the industry, including emerging regulatory issues related to artificial intelligence (AI).
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September 03, 2024
Toronto financial services firm faces possible class action over disclosure statements
A proposed shareholder class action has been launched against Toronto-based specialty financing firm Chesswood Group Ltd. subject to disclosure rules under the Ontario Securities Act.
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September 03, 2024
3 judges of Ontario superior court announced
Minister of Justice and Attorney General of Canada Arif Virani announced that Bhavneet K. Bhangu, Jasminka Kalajdzic and Jane O. Dietrich have been appointed judges of the Superior Court of Ontario, an Aug. 29 news release stated.
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September 03, 2024
Regulator revokes builder’s licence for unauthorized home sales, financial mismanagement
Ontario’s home construction regulator has revoked the licence of Mariman Homes, a Hamilton-based construction company that entered into agreements to sell 108 homes without authorization and enrolment in Tarion’s warranty program, according to a release.
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August 30, 2024
Study finds auto loans and high mortgage rates continue to fuel insolvencies
Total Canadian household debt has reached a record high of $2.41 trillion, with $626.6 billion — or 26 per cent of it — made up of unsecured debt such as auto loans, credit card debt and instalment loans, according to a new report by Bankruptcy Canada, a national network of licensed insolvency trustee firms.