Business
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November 29, 2024
Grupo Bimbo targets Maple Leaf Foods in $2B action over Canada Bread acquisition
Grupo Bimbo, the Mexico-based owner of Canada Bread Co. Ltd., has filed a $2 billion claim against Maple Leaf Foods for alleged fraudulent and negligent misrepresentation during the process of selling Canada Bread to the plaintiff, or restitution for unjust enrichment, in connection with a long-running controversy over alleged bread price-fixing.
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November 29, 2024
Alberta taking Ottawa to court over Impact Assessment Act for the second time
Alberta is once again taking the federal government to court over Ottawa’s legislation outlining the process for assessing the impact of resource projects.
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November 29, 2024
Communications with accountants are not privileged
In the course of a tax appeal, the taxpayer and the Canada Revenue Agency (CRA) have the right to inspect certain documents in the possession, control or power of the other party, provided they are relevant to any matter in question in the appeal. However, documents protected by solicitor-client privilege are exempt from this requirement. Generally, documents created by taxpayers’ accountants must be disclosed.
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November 29, 2024
LSO addresses new working groups, information on confidentiality of investigations
Ontario’s law society used its November Convocation to unveil a new working group focusing on the “long-term future” of the province’s paralegals and to codify rules around the confidentiality of information gathered in tribunal investigations.
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November 28, 2024
B.C., other defendants agree to pay $4.5M to settle 2013 Lemon Creek fuel spill class actions
Class actions related to a 2013 fuel spill in the Slocan Valley in British Columbia's West Kootenays region are nearing resolution with an agreement by the B.C. government and other defendants to pay $4.5 million to settle all related claims.
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November 28, 2024
Federal government tables legislation for 2-month GST/HST holiday
The federal government has introduced Bill C-78, the Tax Break for All Canadians Act in Parliament, which proposes to give a two-month GST/HST tax break from Dec. 14 to Feb. 15, on products such as groceries, restaurant meals and children’s clothing and toys. It will amend the Excise Tax Act in order to implement the temporary tax break.
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November 28, 2024
Proposed securities class action filed regarding alleged misrepresentation of $200M
A proposed securities class action has been filed against Exro Technologies Inc., a clean technology company for electric vehicles, arising from a merger transaction that allegedly misrepresented projected information of over $200 million in revenue for 2024.
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November 28, 2024
Appeal court upholds compensation order for EllisDon in botched federal procurement
The Federal Court of Appeal has upheld an “unprecedented” order by a tribunal requiring the Department of Public Works and Government Services (PW) to compensate construction giant EllisDon for missed opportunities with third parties due to a mismanaged procurement process.
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November 28, 2024
Securities regulators finalize rules to reduce prospectus frequency for continuous funds
The Canadian Securities Administrators (CSA) have announced final rules that would allow investment funds in continuous distribution to file prospectuses every two years instead of annually — saying the move will reduce regulatory burden without affecting investors.
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November 28, 2024
Competition Bureau moves against Google for alleged anti-competitive conduct in online advertising
Alleging that Alphabet’s Google has engaged in anti-competitive conduct in online advertising technology, Canada’s Competition Bureau is asking the Competition Tribunal to order Google to sell two of its advertising technology tools — the company's publisher ad server, DFP, and its ad exchange, AdX — and to direct Google to pay an administrative monetary penalty equal to three times the value of the benefit Google derived from its alleged anti-competitive practices (or if that amount cannot be reasonably determined, three percent of Google’s worldwide gross revenues).