Information Technology
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December 03, 2024
Privacy Commissioner: New Ontario law regulating AI in public sector has significant shortcomings
Ontario’s privacy commission Patricia Kosseim has said that a lack of transparency and explicit independent oversight in a recently passed bill addressing the use of artificial intelligence (AI) systems at public sector entities should be a “cause of concern of Ontarians.”
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December 03, 2024
BCSC panel imposes over $18M in sanctions for crypto trading platform fraud
A panel of the British Columbia Securities Commission has imposed a financial sanction of $18.4 million on a B.C.-based crypto trading platform, finding that it lied to customers and diverted $13 million of its assets to gambling.
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December 03, 2024
Bombardier, Honeywell reach settlement in engine price lawsuit, enter $17B agreement
Bombardier Inc. has announced that it has reached an agreement to settle its lawsuit against Honeywell International Inc. relating to the cost of jet engines that Honeywell was making for Bombardier.
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December 02, 2024
Alberta to end ‘cash cow’ photo radar on highways in 2025
The Alberta government has announced it will end photo radar ticketing on numbered provincial highways effective April 1, 2025, saying photo radar will be eliminated where revenue is generated with no traffic safety benefit.
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December 02, 2024
Manitoba expands electronic monitoring program to smaller communities
Manitoba is expanding its electronic monitoring program to rural areas — along with technology able to alert victims as to the “close proximity” of their alleged assailant.
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November 29, 2024
Canadian news publishers sue OpenAI over alleged copyright infringement
A group of Canadian news publishers that includes Torstar, Postmedia, the Globe and Mail, The Canadian Press and CBC/Radio-Canada has filed a lawsuit against tech firm OpenAI, alleging that the company illegally used their news content to train its AI-based generative model, ChatGPT.
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November 29, 2024
Federal Court certifies class action over alleged illegal interceptions of prisoner communications
The Federal Court has certified a class action against the government over allegations that the Correctional Service of Canada (CSC) illegally intercepted private communications of incarcerated people, including those protected by solicitor-client privilege.
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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
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).
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November 28, 2024
AI washing: Regulator urges accurate disclosures by issuers
Artificial Intelligence (AI) has rapidly emerged as a transformative force in the investment landscape, with growing interest from investors eager to engage with companies that leverage AI technologies. As issuers increasingly highlight their use of AI to attract capital, issuers are also prone to exaggerating or inflating AI capabilities in continuous disclosure (CD) documents that can undermine transparency, mislead investors and could lead to sanctions by relevant regulatory authorities against the offending issuers.