Information Technology
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
September 09, 2024
Court overturns summary dismissal of claim concerning stolen funds used to purchase Bitcoin
The Saskatchewan Court of Appeal has set aside the summary dismissal of claims related to the sale of Bitcoin using fraudulently obtained funds, finding that the lower court erred in rejecting evidence relevant to when the seller learned about the origin of the funds.
-
September 06, 2024
Class action launched against Apple over alleged misleading water-resistance claims for iPhones
A proposed class action has been filed against Apple Inc. in the Superior Court of Quebec over the California-based tech giant's claims that some of its iPhones are water resistant.
-
September 06, 2024
Securities regulators from across North America to gather in Vancouver starting Sunday
Securities regulators from across North America will gather in Vancouver this weekend and into early next week to discuss current issues affecting the industry, including emerging regulatory issues related to artificial intelligence (AI).
-
August 30, 2024
Public inquiry into foreign interference to hear from policy experts this fall
Experts on foreign interference in democratic elections and institutions will begin testifying this fall as a federal public inquiry enters a crucial policy stage that could help shape future legislative changes.