Bay Street Legend Bill Holland's Philanthropic Journey
Bill Holland, a long-time Bay Street player, has transformed from a bar doorman to a $100-million benefactor. In a recent interview, Holland emphasized that philanthropy gives purpose, stating, "There is no better way to spend your time." He criticized Canadians as being generally 'terrible' at philanthropy, calling it a societal necessity.
CIBC Settles NSF Class Action for $10 Million
The Canadian Imperial Bank of Commerce has agreed to pay $10 million to settle a class action lawsuit over how the lender charges depositors who attempt to make payments without sufficient funds. If approved, the funds will be deposited directly into eligible class members' bank accounts.
Retirement Portfolio Advice for a 37-Year-Old Renter
Financial experts advise that a 37-year-old renter, referred to as Caesar, should find the right balance between living today and saving for tomorrow. They caution against putting too much money into retirement savings and employee stock, noting that the activities and goals at age 37 may not hold the same meaning at 65.
B.C. Startup Wafr Secures $100 Million for Data Centre Cooling Technology
Vancouver-based startup Wafr has secured $100 million from private investors to advance its energy- and water-efficient cooling technology for AI data centres. The technology aims to slash water use in data centres, addressing environmental concerns.
Toronto Home Sales Rebound in June
The Toronto Regional Real Estate Board reported 6,770 homes sold through its MLS system in June, a 9.4 per cent increase year over year. New listings fell 12.9 per cent to 17,282, while prices continued to slide.
