Banking, Bankruptcy & Insolvency
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October 01, 2024
Ottawa will provide new work permits to temporary workers under Yukon nominee program
After reaching similar deals with the governments of Alberta and Manitoba, Ottawa has announced it will provide new work permits for up to 215 temporary workers identified and supported by the Government of Yukon in order to enable such foreign nationals deemed “crucial to the economic development in the territory” to keep working as these skilled workers process their permanent residence applications under the Yukon nominee program.
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September 30, 2024
Securities regulators extend compliance deadline for crypto trading platforms offering stablecoin
For a second time, Canadian securities regulators have granted crypto trading platforms (CTPs) another extension to meet the terms and conditions of their registration or to propose and implement investor protection measures related to so-called value-referenced crypto assets (VRCAs) or stablecoin.
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September 30, 2024
Court orders return of $500,000 property deposit to creditors of ‘Crypto King’
Ontario’s top court has ordered the return of a $500,000 property deposit paid by self-proclaimed “Crypto King” Aiden Pleterski, who has been charged with fraud and is facing bankruptcy proceedings.
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September 27, 2024
Competition Commissioner: Expect more, faster enforcement and stronger remedies
Bolstered by recent amendments to the Competition Act, the Competition Bureau will increase its enforcement activities, taking faster, more people-focused action and seeking stronger remedies, Competition Commissioner Matthew Boswell said on Sept. 26.
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September 27, 2024
Federal Court offers bar, litigants expedited ‘no-hearing’ judicial review for study permit refusals
In an effort to speed up the judicial review of hundreds of study permit refusals as the Federal Court also contends with thousands of other immigration cases, the national trial court is offering parties who opt into a new pilot project a “simplified” no-hearing, in-writing-only procedure where judges will simultaneously decide a JR leave application and the JR’s merits, and do so within five months rather than the 14 to 18 months usually required for a final decision under the general procedure.
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September 26, 2024
Competition Bureau gives green light to $5B National Bank takeover of Canadian Western Bank
The Competition Bureau has cleared the way for Montreal-based National Bank of Canada’s $5 billion acquisition of Edmonton-based Canadian Western Bank (CWB), despite the federal government’s stated goal to increase competition in the financial sector.
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September 25, 2024
OSC Study: AI-enhanced scams pose greater threat to Canadian investors
Artificial Intelligence (AI) enhanced scams pose a greater risk to Canadian investors than conventional scams, according to a study by the Ontario Securities Commission (OSC).
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September 24, 2024
Survey: Half of Canadian small businesses face fraud attempts, victims lose $7,800 on average
Half of all small businesses in Canada experienced either attempted or successful fraud in the past 12 months, with 36 per cent of those that actually fell victim to fraud losing an average of $7,800 as a result, according to a survey by the Canadian Federation of Independent Business (CFIB) and Interac.
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September 24, 2024
Appeal court finds insurance policy barred claims from previous employee class action
The Ontario Court of Appeal has ruled that an insurance policy provided to directors and officers of an insolvent company barred coverage for claims asserted in an employment class action brought against the company.
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September 19, 2024
Treasury Board president Anita Anand gets second Cabinet post as transport minister
Liberal MP Anita Anand, the president of the federal Treasury Board and former defence minister in the Liberal government, has taken on the additional post of minister of transportation.