| | | | Listen to this newsletter  | | | | | Justin Tang/The Canadian Press | | A Toronto litigation firm has launched a $200-million class-action lawsuit against Dye & Durham Ltd. DND-T for allegedly violating federal competition laws by misleading customers about a price freeze the company promised last year. | | The lawsuit, filed by Charney Lawyers, argues that D&D, a legal-technology provider, “reneged” on a promise by increasing the transaction fee on its Unity conveyancing software a year after telling clients that the price would not increase for three years. | | The action, which seeks $200-million in damages, was filed on behalf of all Unity customers who used the software at the time of the first price hike in January, 2021, and continued to use it afterward. |  | | | More stories below advertisement | | | | Ashley Fraser/The Globe and Mail | | Boris Heger/The Associated Press | | If the degree to which the Bank of Canada has rolled up its sleeves is indicative of how intensely it’s about to get to work on quelling the inflation problem, then brace yourselves. Those sleeves are balled right up to the shoulder after Wednesday’s interest rate decision. | | Don’t misread the bank’s decision to not actually start that process for a few more weeks. Everything else about Wednesday’s announcement, and accompanying quarterly Monetary Policy Report (MPR), screamed the case to raise rates. Probably more quickly than many pundits were thinking. | | “The Bank [of Canada] did a very good job at producing a ‘hawkish hold’ today,” CIBC Capital Markets strategist Ian Pollick said in an e-mail on Wednesday. | | | | | Technology, telecom and media | | | | | Christopher Katsarov/The Globe and Mail | | |
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