Information Technology
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September 17, 2024
Capital Markets Tribunal shortens timeline for issuing decisions in simple cases
Ontario’s Capital Markets Tribunal has shortened the interval standard for issuing reasons in simple matters to 45 days after the receipt of the last submissions from the previous standard of 90 days, according to a release.
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September 17, 2024
Competition Commissioner: AI consultation shows concerns about algorithmic pricing, collusion
The Competition Bureau has received submissions highlighting concerns about the potential use of artificial intelligence (AI) for algorithmic pricing, algorithmic collusion and deepfakes, Competition Commissioner Matthew Boswell said in a speech on Sept. 16.
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September 16, 2024
Public invited to comment on federal government’s proposed AI strategy
The federal government is kicking off the next phase of its public consultations on how artificial intelligence (AI) should or should not be used by the federal public service.
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September 16, 2024
Technological change, work in family law among successes in 2023, says Law Society of Ontario
The Law Society of Ontario (LSO) is emphasizing its successes in a number of areas ranging from technological modernization to developing a family legal services provider and a practical course for sole practitioners as part of its most recent annual report, with the regulator saying it anticipates tackling issues like transparency and governance reform over the next few months.
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September 13, 2024
Appeal court finds ‘largest custodial bank’ breached contract in market pricing data agreement
The Ontario Court of Appeal has allowed a cross-appeal in a dispute over who the "client” was in a 1999 contract in which the “world’s largest hedge fund administrator” provided market data to the world's largest custodial bank and securities services provider.
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September 12, 2024
Canadian securities regulators issue guidance on new business conduct rules for derivatives market
The Canadian Securities Administrators (CSA) has published a staff notice addressing frequently asked questions (FAQ) from derivatives market participants related to business conduct rules set to come into force on Sept. 28, 2024.
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September 11, 2024
Business group urges Ottawa to revoke digital services tax on large tech firms
The organization that represents many of Canada’s largest corporations is calling on the federal government to revoke the three per cent digital services tax (DST) it unilaterally imposed on large tech companies in late June.
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September 10, 2024
Facebook broke privacy law in disclosing user data to third-party apps, rules federal appeal court
Facebook broke federal privacy law between 2013 and 2015 when it shared Facebook users’ personal information with third-party applications without obtaining meaningful consent for the disclosures, the Federal Court of Appeal has held.
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September 10, 2024
Securities panel discusses trends in emerging AI for retail investors
Artificial intelligence (AI) is being developed for the benefit of investors at the end-user stage, with a focus on offering accurate and helpful financial advice and services, according to a panel at the North American Securities Administrators Association (NASAA) conference on Sept. 9, hosted for the first time in Canada since 2000.
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September 10, 2024
Federal government announces public consultation as it eyes surtaxes on more Chinese goods
Amid rising trade tensions with China, Canada has launched another public consultation as a potential precursor to imposing additional surtaxes on Chinese goods.