43 h. ago Proposed $26M CIBC settlement could soon put money in Canadians' pockets

Canadians could soon claim a part of a multimillion-dollar proposed CIBC mutual funds settlement.Law firm Siskinds LLP announced on Friday that a $26-million settlement has been reached with CIBC and CIBC Trust Corporation to resolve a class action against various mutual fund trustees and managers, challenging the trailing commissions they have paid to discount brokers on mutual funds under their management.Trailing commissions, also known as trailer fees, are compensation for mutual fund dealers who advise investors. However, over the years, these commissions were also paid to discount brokers, who are not allowed to provide investment advice."It is alleged by the plaintiffs that, since no advice is provided to investors who purchase mutual funds through discount brokers, these investors receive no value for the trailing commissions that reduce the value of their mutual fund investments," reads the class action.This settlement is still subject to approval by the Onta...

Economics

2 w. ago B.C. receiving initial payment of $3.6B in tobacco settlement money

B.C. has begun to receive the initial payment from its multi-billion-dollar share of the settlement in a pan-Canadian lawsuit against big tobacco.

Economics

2 w. ago Money begins rolling out to provinces in ‘historic’ tobacco settlement

Money from a historic tobacco settlement is set to roll out to provinces and territories, but advocates are concerned about how the money will be spent.

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2 w. ago Payouts now arriving for Canadians in $20 million Yahoo! class action settlement

Some Canadians are starting to receive money from a Yahoo! settlement, so make sure to check your bank account.In 2024, the Ontario Superior Court approved a settlement of a nationwide class-action lawsuit against Yahoo! Inc. and Yahoo! Canada Co.The lawsuit was filed after the online platform faced several data breaches between 2013 and 2016.The first data breach occurred in 2013, and the company issued a notice on Dec. 14, 2016. The second breach took place in 2014, with a notice issued on Sept. 22, 2016. In February 2017, Yahoo issued a notice about the third breach that occurred in 2015 and 2016.The class-action lawsuit alleged that the company failed to protect account holders' personal information and that the data breaches were due to "inadequate data security measures in place.""The defendants Yahoo Inc. and Yahoo! Canada Co. deny that they have violated any laws and deny that they have engaged in any wrongdoing," read the notice.Two years a...

Economics

2 w. ago Where’s the Commitment? Provincial Silence on Big Tobacco Payouts Leaves Canadians Wondering if Lung Health Will be Left Behind, Says National Lung Health Alliance

NLHA: “For decades, lung health charities have shouldered the responsibility of caring for Canadians with tobacco-related disease” TORONTO, Aug. 28, 2025 (GLOBE NEWSWIRE) — On Friday, August 29, the provinces and territories are expected to receive their initial share of funds from Canada’s historic $32.5 billion Big Tobacco Settlement. This milestone transfer marks the beginning of […]

Society

2 w. ago Advocates seeking more mitigation efforts as provinces await smoking lawsuit cash

MONTREAL — Anti-smoking advocates urged the provinces and territories to use money from a historic tobacco settlement on public health programs as the provinces are set to receive initial amounts starting Friday. In March, an Ontario judge sanctioned a $32.5-billion plan requiring three major tobacco companies to pay out billions of dollars in compensation to […]

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