Evening Update: TD investors eye probe penalties; university protests grow

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Evening Update: TD investors eye probe penalties; university protests grow
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on Wednesday when a Quebec judge rejected a request for an injunction to stop their protest. Justice Chantal Masse ruled that the students who wanted protesters to relocate failed to demonstrate that their access to the school was being blocked or that they would be unable to write their final exams.

The bank said that it is unable to estimate the full extent of the penalties at this time. Some analysts have estimated that the monetary penalties could range as high as US$2-billion. Analysts and shareholders are warning the issue could strike a blow to the bank’s outlook. Alec Fadel, an adjudicator at the Office of the Information and Privacy Commissioner of Ontario, acknowledged that there is “compelling public interest” in disclosing the figures. But the bid by journalists at Global News to obtain human-resources data from the Ministry of Health through a freedom of information request was turned down.

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