Banking, Bankruptcy & Insolvency
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August 05, 2025
B.C. Court of Appeal dismisses appeals challenging provincial mink farming ban
The British Columbia Court of Appeal has dismissed appeals in a case related to a provincial regulation banning mink farming, finding the order in council was not ultra vires even if it was influenced by interest groups.
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August 01, 2025
Canada faces 35% U.S. tariffs as trade tensions escalate, putting focus on CUSMA compliance
Canadian political and business leaders are charting divergent strategies to navigate the new reality of 35 per cent U.S. tariffs on goods not compliant with the Canada-United States-Mexico Agreement (CUSMA), with responses ranging from calls for economic sovereignty to urgent pleas for small business relief.
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July 31, 2025
Small and medium banks failed to meet federal complaint handling standards, FCAC review finds
Canada’s consumer banking watchdog has found significant compliance failures among small and medium-sized banks in meeting federally mandated complaint handling requirements introduced under its Financial Consumer Protection Framework.
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July 25, 2025
Defendants’ production of records saves $108M claim from dismissal for long delay
The Alberta Court of King’s Bench has ruled that the production of documents previously listed in an affidavit of records can significantly advance litigation, overturning the dismissal of a $108-million claim for long delay.
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July 24, 2025
Securities regulator takes steps to ease access to Bank of Canada fund for some investment funds
In a bid to promote market stability, the Canadian Securities Administrators (CSA) has announced coordinated blanket orders to help make the Bank of Canada’s Contingent Term Repo Facility (CTRF) fund more accessible to eligible investment funds.
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July 23, 2025
G20 finance ministers discuss international tax reforms and debt relief framework in South Africa
Finance ministers and central bank governors from the world’s 20 largest economies (G20) have concluded their third meeting of the year in Durban, South Africa, by endorsing several initiatives with potential legal and regulatory implications for international finance and taxation.
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July 22, 2025
Ottawa mulls $150K deposit insurance limit, new $500K limits for non-retail accounts
The Department of Finance Canada is considering proposals to raise the federal deposit insurance coverage limit to $150,000 per account category and to introduce a new $500,000 limit for non-retail accounts in a bid to enhance depositor protection, according to a release issued July 22.
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July 21, 2025
B.C. Court of Appeal upholds executor removal despite procedural challenge
The British Columbia Court of Appeal has largely upheld a lower court’s decision to remove an executor from his mother’s estate, rejecting his claim that property transfers to himself and his brother were legitimate distributions rather than improper self-dealing.
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July 21, 2025
Justice minister sees no Charter risks in Bill C-5, but CBA sees other possible constitutional flaws
Federal Justice Minister Sean Fraser said he doesn’t see “any potential effects on Charter rights and freedoms” from the Liberal government’s contentious new One Canadian Economy Act (C-5), which aims to fast-track approvals for energy and resource development and national infrastructure projects.
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July 18, 2025
Alberta Securities Commission alleges crypto asset trading platform improperly withdrew over $14M
The Alberta Securities Commission (ASC) has issued a hearing notice against crypto asset trading platform CatalX CTS Ltd. (known as Catalyx), its chief executive officer Hyuek Jae Park and chief financial officer Jae Ho Lee.