In a letter to members of the Philadelphia Federal Reserve and the Office of the Comptroller of Currency (OCC), groups including the American Economic Liberties Project and Center for Responsible Lending detailed concerns about increasing bank concentration, and TD’s reliance on overdraft fees—factors they say disproportionately harm minority communities. (The Logic)
A board member of the state’s clean-air regulator said the ban will be put to a vote Thursday, expressing “99.9 per cent” confidence the measure would pass. (CNN)
After a malware penetration affected manufacturing at Bombardier Recreational Products for more than a week in mid-August, the company said “information on certain employees and suppliers” taken in the attack has now also been leaked. (The Logic)
Ron DeSantis, along with trustees of the State Board of Administration, passed a resolution directing state pension fund managers to focus solely on maximizing returns in their investments and to not consider environmental, social and governance criteria. (The Logic)
Ian Scott and Bell Canada’s Mirko Bibic had a cordial but “exclusively professional” relationship when they met in an Ottawa pub in 2019, Conflict of Interest Commissioner Mario Dion reported. He found no reason to think Scott broke the rules, even though the Canadian Radio-television and Telecommunications Commission was at the time dealing with a dispute over the prices big telcos like Bell charge small internet providers to use their networks. It ended with a CRTC decision in the big companies’ favour. (The Logic)
Prime Minister Justin Trudeau and Chancellor Olaf Scholz announced an agreement Tuesday to cooperate on the development of the fuel and harmonize policy. (The Logic)
The proposed act, unveiled Monday by a bipartisan group of lawmakers, would require Big Tech platforms like Meta and Google to pay news publishers for their content. It closely reflects laws passed last year in Australia. (The Logic)
The film, which has wrapped production, reportedly stars Knocked Up actor Jay Baruchel and Glenn Howerton from “It’s Always Sunny in Philadelphia.” The two will likely play Research In Motion founders Jim Balsillie and Mike Lazaridis, though the roles were not confirmed. (Variety)
The telco has asked the lenders who have put up US$7.05 billion and C$3 billion to help it buy Shaw Communications for an extension on a December deadline to finalize the acquisition. The $26-billion deal faces objections from the Competition Bureau and skepticism from the Liberal government. (The Logic)
The Toronto-based affiliate of Brookfield Asset Management will put up as much as US$750 million of its own equity capital and has raised debt for much of the rest. It will take a 49 per cent share in the Chandler, Ariz. project, with Santa Clara, Calif.-headquartered Intel retaining a majority share. (The Logic)