Dissident to fight board vote delay in court after Parkland, Sunoco ink US$9.1B deal
CALGARY - Parkland Corp.'s biggest shareholder is going to court after the Calgary company announced a US$9.1-billion takeover by Sunoco LP and delayed a meeting where it was to face down investors pushing for a boardroom overhaul.
A showdown had been set to take place in Calgary on Tuesday, with shareholders voting on competing director nominee slates put forward by Parkland's management and by Simpson Oil, which owns just under 20 per cent of the Canadian fuel retailer and refiner's shares.
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Toronto Sun
25 minutes ago
- Toronto Sun
Supreme Court of Canada to hear appeal in long-running Facebook privacy case
Published Jun 12, 2025 • 3 minute read The Facebook logo is seen on a cell phone in Boston, USA, Oct. 14, 2022. Photo by Michael Dwyer / AP OTTAWA — The Supreme Court of Canada has agreed to review a ruling that concluded Facebook broke federal privacy law by failing to adequately inform users of risks to their data when using the popular social media platform. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Last September, the Federal Court of Appeal found Facebook, now known as Meta Platforms, did not obtain the meaningful consent required by the Personal Information Protection and Electronic Documents Act between 2013 and 2015. The decision overturned a 2023 Federal Court ruling. The Court of Appeal said Facebook invited millions of apps onto its platform and did not adequately supervise them. It found that the Federal Court's failure to engage with the relevant evidence on this point was an error of law. Privacy commissioner Philippe Dufresne called the Court of Appeal decision an acknowledgment that international firms whose business models rely on users' data must respect Canadian privacy law. Facebook applied for a hearing at the Supreme Court, arguing the Court of Appeal took the wrong approach to consent and security safeguards under the privacy law. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. It said in a written application that, rather than evaluating Facebook's multi-layered efforts to obtain meaningful consent, the Court of Appeal focused myopically on the platform's privacy policy alone. The Supreme Court, following its usual practice, gave no reasons Thursday for agreeing to hear the case. A 2019 investigation report from then-federal privacy commissioner Daniel Therrien and his British Columbia counterpart cited major shortcomings in Facebook's procedures and called for stronger laws to protect Canadians. The probe followed reports that Facebook let an outside organization use a digital app to access users' personal information, which was then passed to others. The app, at one point known as 'This is Your Digital Life,' encouraged users to complete a personality quiz but collected information about the people who installed the app and data about their Facebook friends. This advertisement has not loaded yet, but your article continues below. Recipients of the information included the British consulting firm Cambridge Analytica, which was involved in U.S. political campaigns and targeted messaging. About 300,000 Facebook users worldwide added the app, leading to the potential disclosure of the personal information of approximately 87 million others, including more than 600,000 Canadians, the commissioners' report said. The commissioners concluded that Facebook violated PIPEDA by failing to obtain valid and meaningful consent from installing users and their friends, and that it had 'inadequate safeguards' to protect user information. Facebook disputed the investigation's findings. The company has said it tried to work with the privacy commissioner's office and take measures that would go above and beyond what other companies do. This advertisement has not loaded yet, but your article continues below. In early 2020, Therrien asked the Federal Court to declare Facebook had violated the law. A judge ruled the commissioner failed to establish that Facebook breached the law on meaningful consent. He also agreed with Facebook's argument that once a user authorizes it to disclose information to an app, the social media company's safeguarding duties under PIPEDA come to an end. In its decision, the Court of Appeal noted Facebook's contention that users read privacy policies presented to them when they sign up to social networking websites — something the judges called 'a dubious assumption' given such documents can run to thousands of words. 'Terms that are on their face superficially clear do not necessarily translate into meaningful consent,' Justice Donald Rennie wrote for a three-member panel. 'Apparent clarity can be lost or obscured in the length and miasma of the document and the complexity of its terms.' In this case, Rennie said, a central question was whether a reasonable person 'would have understood that in downloading a personality quiz (or any app), they were consenting to the risk that the app would scrape their data and the data of their friends, to be used in a manner contrary to Facebook's own internal rules (i.e. sold to a corporation to develop metrics to target advertising in advance of the 2016 U.S. election).' 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Cision Canada
39 minutes ago
- Cision Canada
CSA proposes amendments to modernize and streamline mining disclosure standards Français
VANCOUVER, BC, June 12, 2025 /CNW/ - The Canadian Securities Administrators (CSA) is seeking feedback on proposed amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects. The proposed amendments are intended to clarify, harmonize and streamline Canada's mining disclosure regime without introducing any new requirements. The proposed amendments would update and enhance the standards for disclosing scientific and technical information about mineral projects to address evolving disclosure practices and policy considerations identified by CSA staff, and to reflect changing industry and investor expectations. "Our goal is to provide investors with clear, reliable information about mineral projects so they can make informed decisions, without imposing an undue regulatory burden on mining issuers," said Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission. "By modernizing and streamlining the disclosure regime, we aim to maintain Canada's position as the global standard for mining disclosure." The proposed amendments to National Instrument 43-101 Standards of Disclosure for Mineral Projects are designed to: remove or replace certain definitions and requirements that have become outdated modernize and streamline certain requirements to reflect current industry practice provide clarification and guidance on certain definitions and requirements, and make other minor language changes to clarify disclosure requirements. The proposed amendments are being published for a 120-day comment period and are available on CSA member websites. In April 2022, the CSA published CSA Consultation Paper 43-401 Consultation on National Instrument 43-101 Standards of Disclosure for Mineral Projects to inform this project. The CSA received valuable feedback from a large number of market participants, which it has considered. The CSA, the council of the securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: Ilana Kelemen Canadian Securities Administrators [email protected] Elise Palmer BC Securities Commission [email protected] For investor inquiries, please contact your local securities regulator.
The Market Online
an hour ago
- The Market Online
HPQ Silicon stock priced for pessimism, despite outsized upside
HPQ Silicon (TSXV:HPQ) received positive results from the world's top fumed silica manufacturer, which tested fumed silica samples from the company's pilot plant shipped last week HPQ complements its efforts in fumed silica with ongoing initiatives in critical materials markets estimated to exceed US$700 billion combined by 2030 HPQ Silicon stock has given back 51.56 per cent year-over-year but remains up by 10.71 per cent since 2020 HPQ Silicon (TSXV:HPQ), a critical materials technology company, received positive results from the world's top fumed silica manufacturer, which tested fumed silica samples from the company's pilot plant shipped last week. According to Thursday's news release, the client confirmed that the material meets the specifications for fumed silica, further validating HPQ's Fumed Silica Reactor, which produces fumed silica in one step directly from quartz. HPQ and technology supplier, Pyrogenesis (TSX:PYR), expect to receive comprehensive material analyses from the client in about five business days and apply these learnings towards process fine-tuning and quality improvements on the road to commercial production in 2027. The Fumed Silica Reactor's ability to produce material while using 86 per cent less energy compared to competing technology sets it up to claim a potentially significant share of a US$1.5 billion market. A multi-pronged, multi-billion-dollar business strategy HPQ complements its efforts in fumed silica with ongoing initiatives in critical materials markets estimated to exceed US$700 billion combined by 2030, according to the company's latest investor presentation. Here's a breakdown: HPQ's Quartz Reduction Reactor has been shown to generate battery grade silicon while using 25 per cent less feedstock than legacy competitors (US$30 billion market). A new continuous process to convert silicon to silicon oxide to silicon base anode material is also in the works, with eyes on replacing existing multi-step technology and significantly reducing operating expenditures (US$38 billion market). HPQ's most prospective initiative in terms of market size is its autonomous hydrogen extraction system using low-cost, low-carbon alloys, which holds the potential to radically reduce electricity and infrastructure expenditures across the global supply chain and catalyze the energy transition (US$648 billion market). With all of these technologies ready for commercialization in 2025, backed by strong partnerships on the path to production, HPQ is in a position to improve its prospects by collecting initial revenue, scaling towards greater operational efficiency and delivering on its tech-driven business plan. A potentially exponential opportunity Despite the company's monumental potential, the stock has failed to reflect it, giving back 51.56 per cent year-over-year and gaining only 10.71 per cent since 2020, currently standing at a market capitalization of only C$64.5 million. This is both a far cry from HPQ's multi-billion-dollar aspirations and a potentially exponential opportunity for value investors who see pessimism as fertile ground for transformational returns. Leadership insights 'Gaining direct access to the testing facilities of the world's leading fumed silica manufacturer—an organization with more than 80 years of manufacturing and market expertise—is a rare and valuable opportunity,' Bernard Tourillon, president and chief executive officer of HPQ Silicon, said in a statement. 'It significantly accelerates our validation efforts for [subsidiary HPQ Silica Polvere's] FSR technology and its ability to produce fumed silica that meets their rigorous specifications. With the milestones we've achieved in 2025 and our ongoing industry discussions, our confidence in the potential of this proprietary process to disrupt conventional production methods and address growing market demand continues to grow.' About HPQ Silicon HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company's efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production. HPQ Silicon stock (TSXV:HPQ) last traded at C$0.16. The stock has given back 51.56 per cent year-over-year but remains up by 10.71 per cent since 2020. Join the discussion: Find out what everybody's saying about this green technology stock on the HPQ Silicon Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
