Banking, Bankruptcy & Insolvency
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March 13, 2025
B.C. introduces bill to allow cabinet to remove internal trade barriers, respond to tariffs
The B.C. government has introduced legislation empowering the cabinet to remove or amend barriers to interprovincial trade and to impose tolls or fees on non-Canadian commercial vehicles using provincial public infrastructure such as highways in response to the United States’ imposition of tariffs on Canadian goods.
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March 10, 2025
Ontario Securities Commission alleges Emerge Canada improperly borrowed $6 million of investor funds
The Ontario Securities Commission (OSC) has alleged that investment fund manager Emerge Canada and two of its senior executives took $6 million of investor funds as loans to cover its operating expenses.
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March 07, 2025
Canada announces further sanctions against Myanmar military officials
The federal government has announced sanctions against 13 Myanmar senior government officials and three entities, which include the country’s Ministry of Defence and armed forces, for “gross and systematic human rights violations.”
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March 07, 2025
Tobacco companies’ plans of arrangement approved, claims to begin for class action worth billions
The Ontario Superior Court of Justice has approved the plans of compromise and arrangement for three tobacco companies, which allows the claims process to begin for a class action against them potentially worth billions of dollars.
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March 07, 2025
Ottawa unveils $6.5B package to support workers and businesses hit by U.S. tariffs
The federal government has announced a $6.5 billion package to mitigate the impact of U.S. tariffs on Canadian businesses and workers.
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March 06, 2025
Embattled Ontario law society CEO ‘no longer employed’ with regulator amid pay hike fallout
Law Society of Ontario (LSO) CEO Diana Miles is “no longer employed” with the regulator after a controversy regarding her salary came to light.
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March 05, 2025
Business, labour have diverse asks in evolving trade war as legal attacks on new U.S. tariffs loom
Ottawa and provincial governments are working on their next moves in the fast-evolving trade war launched by the new U.S. administration, but business and industry groups are wasting no time in pushing for government aid and non-tariff retaliatory measures in the wake of President Donald Trump’s imposition of hefty tariffs on Canadian exports to the United States.
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March 05, 2025
CRA urged to review bare trust reporting and improve stakeholder collaboration
The taxpayer's ombudsperson has recommended that the Canada Revenue Agency (CRA) determine whether a dedicated bare trust form for new reporting requirements would be beneficial and review its collaboration with stakeholders after legislative changes.
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March 04, 2025
Canada hits U.S. with counter-tariffs, vows support for workers, businesses hurt by Trump trade war
Canadians must unite to fight back against the “very dumb” tariffs U.S. president Donald Trump has imposed under the “bogus” pretext of stopping fentanyl from entering the U.S. through Canada’s southern border, Prime Minister Justin Trudeau said in announcing retaliatory tariffs and pledging to provide federal support for hard-hit workers and businesses, as well as to legally pursue trade remedies, if “unwarranted and unreasonable” U.S. tariffs last longer than “a few hours or a few days.”
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March 03, 2025
NWT law society rolls out professional conduct ‘guidelines’ for lawyers' use of generative AI
The Law Society of the Northwest Territories has issued, for the first time, “Guidelines for the Use of Generative AI in the Practice of Law,” following a similar move by several Canadian legal regulators that have provided AI-specific guidance for lawyers’ professional conduct and practice over the past year.