Last Updated:November 07, 2024, 16:46 IST The Supreme Court acknowledged the concerns raised by insurance companies about road safety but rejected claims that LMV-licensed drivers cause more accidents. This ruling follows years of legal uncertainty, addressing longstanding issues in the Motor Vehicle (MV) Act, and aims to prevent future litigation on the matter.(Photo: Mint) In … Read more
When Joelle Fraser-McGaghey had to evacuate her home during the 2016 Fort McMurray wildfire, she only had a few minutes to pack before her family had to get out the door. Trying to pull outdoor furniture away from her house was not at the top of her list. “Honestly, I’m not thinking ‘Should I remove … Read more
The increasing frequency of extreme weather events across the country has caused the sums paid out annually for catastrophic insurance claims to explode — and annual payouts for the last four years now rank among the ten largest on record, says a new Statistics Canada study. “Homeowners have been particularly affected by extreme weather claims, with recent hurricanes, floods … Read more
Canada’s financial intelligence agency warns that illicit cash is being laundered through online gambling sites that provide a variety of ways to disguise shady funds. In a newly published bulletin, the Financial Transactions and Reports Analysis Centre of Canada highlights the criminal exploitation of legitimate and unlicensed digital wagering operations. The centre, known as Fintrac, … Read more
Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures. The penalty is the second the Financial Transactions and Reports Analysis Centre of Canada has announced this week after RBC’s $7.4-million fine was publicized on Tuesday. The agency, known as Fintrac, says it … Read more
