Information Technology
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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
Competition law bar eagerly awaits detailed decision in $38.9M drip-pricing penalty against Cineplex
The full legal impact of the Competition Tribunal’s $38.9 million penalty against Cineplex Inc. for drip pricing and deceptive marketing will be difficult to assess until its full written decision is released next week, say competition law specialists.
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September 24, 2024
3 judicial appointments announced for Quebec
Minister of Justice and Attorney General of Canada Arif Virani announced the appointment of Mathieu Piché-Messier, Lysane Cree and Horia Bundaru as judges of the Superior Court of Quebec, a Sept. 23 news release announced.
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September 20, 2024
Canadian Judicial Council says guidelines coming for federal judges’ use of AI, social media
As part of their two-day fall meeting in Charlottetown this week, the chief and associate-chief justices of the nation’s superior courts discussed their progress in creating guidelines for federal judges’ use of artificial intelligence (AI) and social media, the Canadian Judicial Council (CJC) says.
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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.