Information Technology
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December 16, 2024
Federal fiscal update after Freeland’s shock departure features tax, legal changes of note to bar
Boosting the number of judges in Ontario’s Unified Family Court and Court of Appeal, making “bail and sentencing laws stricter,” and new civil remedies — and criminal penalties of up to $1 million for corporations — under the Bankruptcy and Insolvency Act, were among the new measures proposed in the 2024 fall fiscal update by the minority Liberal government after Deputy Prime Minister and Finance Minister Chrystia Freeland stunned Ottawa by resigning from the Cabinet a few hours earlier.
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December 16, 2024
Class action certified against Airbnb for alleged breach of consumer protection laws
The British Columbia Supreme Court has certified a class action against short-term rentals giant Airbnb alleging breach of provincial consumer laws, claiming it is not licensed to provide real estate or travel agent services, nor can it transfer funds between customer and host.
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December 13, 2024
Feds to remove 30% Canadian pension fund investment cap, boost R&D in Fall Economic Statement
In a bid to boost domestic investment by Canadian pension funds, the federal government is set to remove a cap that restricts pension funds from owning more than 30 per cent of the voting shares of a Canadian entity, according to a release.
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December 13, 2024
Meta agrees to pay $9M to settle Quebec class action over unauthorized sharing of user data
Tech giant Meta has agreed to pay $9 million to settle a Quebec class action concerning allegations that Facebook shared the personal and private information of its users with third parties without their consent.
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December 13, 2024
CRTC sets bargaining framework under Online News Act, brings changes to Broadband Fund
The Canadian Radio-television and Telecommunications Commission (CRTC) has announced that it is establishing a mandatory bargaining framework under the Online News Act. It also said it is improving its Broadband fund to serve more communities lacking high-speed internet.
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December 12, 2024
Supreme Court denies leave to appeal stay of Google ad price-fixing class action
The Supreme Court of Canada has declined leave to appeal a B.C. Court of Appeal decision that stayed in favour of arbitration a proposed class action against Google over allegations that it conspired with Apple to artificially inflate the price of Google search ads.
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December 11, 2024
Canadian property firms face proposed class action alleging rental price fixing
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), RioCan Real Estate Investment Trust and a dozen other rental property owners and management companies are facing a proposed class action lawsuit over allegations they conspired to artificially inflate rental prices in Canada.
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December 11, 2024
OSC review finds some crypto asset trading platforms mishandled client accounts
An Ontario Securities Commission (OSC) compliance review is raising red flags over the way some crypto asset trading platforms (CTPs) handle client accounts.
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December 11, 2024
OSC announces new online dashboard for data on exempt market capital raising
The Ontario Securities Commission has announced the launch of an online dashboard that provides data on capital-raising activity by Canadian corporate (non-investment fund) issuers in the province's increasingly important exempt market.
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December 11, 2024
New partner joins Dipchand
A recent news release from Dipchand LLP announced the addition of Louis-Pierre Gravelle as a partner in the firm’s patent practice group.