Category: Blog

‘SIM swap’ that enabled theft of $63K in bitcoin at centre of B.C. court case

A Freedom Mobile customer who sued the company for negligence after a “SIM swap” scam cost him more than $63,000 in bitcoin will have to go through the company’s arbitration process to pursue his claim, a B.C. court has ruled.

N.S. Power wants ratepayers to cover $22M bill for last year’s storm damages, repairs

Nova Scotia Power has filed an application with the province’s Utility and Review Board to have ratepayers cover the cost of last year’s storm damage to the tune of $22 million.

April auto sales jump 14 per cent; still below pre-pandemic levels: DesRosiers

Auto sales last month totalled 164,000 units, higher than April 2023, which was the weakest month for sales last year.

London Drugs stores remain closed for 5th straight day, phone lines operating

London Drugs stores in Western Canada remained closed Thursday morning due to a “cybersecurity incident,” marking the fifth straight day of closures.

London Drugs reopens phone lines and Canada Post outlets

London Drugs says its phone lines are working again, days after being taken offline in response to a cybersecurity incident, while Canada Post offices inside its stores are also up and running again.

TD Bank hit with $9.2M penalty after failing to report suspicious transactions

Canada’s financial intelligence agency says it has levied a $9.2-million penalty against The Toronto-Dominion Bank for non-compliance with money laundering and terrorist financing measures as the bank also faces compliance investigations in the U.S.

There’s a limit to how much interest rates in Canada and U.S. can diverge: Macklem

Bank of Canada governor Tiff Macklem says Canadian interest rates don’t have to match U.S. or global rates, but there is a limit to how much they can diverge.

Loblaw leaders push back on ‘misguided criticism’ of grocer as boycott begins

Loblaw’s new chief executive, as well as chairman Galen Weston, pushed back on what they called ‘misguided criticism’ of the grocer as a push to boycott the company gains steam online.

Peloton CEO steps down as fitness company announces 15% cut to global workforce

Peloton CEO Barry McCarthy is stepping down, the company said on Thursday, as it announced a 15 per cent cut to its global workforce due to a post-pandemic slump in demand for its connected fitness equipment.

Should I invest with a human or a robot? Traditional firms vs. robo-advisors

Investors considering where to park their money have a choice: go with a traditional financial adviser or trust in an algorithm. Here are the pros and cons of both.