Banking, Bankruptcy & Insolvency
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March 31, 2025
Court approves $30-million settlement in securities class action against cannabis firm Aphria
The Ontario Superior Court has approved a $30-million settlement in a securities class action against cannabis company Aphria Inc., stemming from allegations of misrepresentations regarding certain acquisitions that unfairly benefited company insiders at the expense of non-insider shareholders.
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March 28, 2025
Bay bankruptcy rekindles labour lawyer’s campaign for better worker protections in insolvencies
The historic collapse of Canada’s 355-year-old retail icon, the Hudson’s Bay Company, has rekindled a Toronto employment lawyer’s quiet campaign to improve Canadian bankruptcy law to better protect workers.
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March 28, 2025
Canadian legal groups and regulators slam Trump administration’s ‘attacks’ on U.S. judiciary and bar
Canadian bar groups and the country’s 14 legal regulators are condemning the new U.S. administration’s “attacks” on American legal institutions. The concerns of Canada’s legal community were sparked recently by various calls from U.S. President Donald Trump and his allies to impeach judges who have not ruled in favour of the Republican administration’s actions, as well as by presidential executive orders and negative statements targeting individual lawyers and law firms, the immigration bar and so-called “Big Law” in the United States.
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March 26, 2025
New FINTRAC anti-money laundering regulations allow some businesses to share information
The federal government has published new regulations regarding new obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations for factors, cheque cashers and financing or leasing entities.
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March 25, 2025
Federal emissions plan would result in average income loss for Albertans, predicts report
A new report by the Conference Board of Canada commissioned by the Alberta government is forecasting that each resident of the province would see a $3,300 drop in disposable income under the framework of the federal emissions reduction plan targeting net-zero by 2050.
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March 24, 2025
Ontario Court of Appeal upholds class action against Binance over alleged securities violations
The Ontario Court of Appeal has upheld the certification of a class action against cryptocurrency exchange Binance over allegations that it failed to comply with securities regulations before distributing securities.
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March 24, 2025
EI changes introduced to better support workers from impact of tariffs
Workers adversely impacted by the U.S.-Canada trade war could receive employment insurance (EI) benefits sooner under a six-month pilot program launched by the federal government.
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March 24, 2025
Appeal court finds judge erred in interpreting moot real estate case
The Newfoundland and Labrador Court of Appeal has found in dismissing an appeal that an applications judge erred in providing statutory interpretation and directions of the Conveyancing Act in a matter that became moot.
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March 21, 2025
Carney cancels increase in capital gains inclusion rate, GST for some first-time home buyers
Days before a federal election call expected this Sunday, March 23, Prime Minister Mark Carney has unveiled two key tax changes, including a March 21 announcement that his government will cancel its controversial proposed increase in the capital gains tax inclusion rate.
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March 21, 2025
Canada sanctions 8 Venezuelan officials, 3 Haitians individuals with dealings and immigration bans
The Government of Canada has imposed sanctions against three individuals it says have exacerbated the political, security and humanitarian crisis in Haiti and against eight current senior officials of the Venezuelan government it says have engaged in activities that directly or indirectly supported human rights violations or anti-democracy violations in Venezuela.