Good morning. Iran attacked Israel on Sunday — the first such strike since the two entered a ceasefire in April — and Israel fired back this morning with strikes in western and central Iran. We'll get into it below, along with rising bank fraud losses and the headaches that come with CUSMA compliance.
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(Philippine Red Cross/Anadolu/Getty)
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Powerful earthquake rocks southern Philippines
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An offshore, magnitude-7.8 earthquake rocked the southern Philippines early Monday, killing at least 32 people and injuring more than 200 others while sparking landslides and small tsunamis along nearby coasts, officials said.
What's happening: The quake, the strongest to strike the Philippines this year, was centred 33 kilometres down, in the waters about 32 kilometres southwest of Maasim, a town in Sarangani province, according to the Philippine Institute of Volcanology and Seismology.
General Santos, a southern port city of more than 700,000 people that is a hub of tuna exporting and other commerce, was among the hardest hit communities.
The Pacific Tsunami Warning Center said the threat had largely passed about five hours after the quake. There have been no reports of damage or casualties from the tsunami, said Teresito Bacolcol, the director of the Philippine institute.
– The Associated Press |
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FEATURED STORIES
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(Shir Torem/Reuters)
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Israel attacks western and central Iran in response to missile fire
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Israel and Iran traded fire early Monday in retaliatory strikes that threatened to drag the wider Middle East back into a regional war.
What's happening: Iran launched missiles at Israel on Sunday, the first such bombardment since a fragile ceasefire took effect in April. Iran said it fired in retaliation for Israel's offensive in Lebanon. Israel meanwhile said it intercepted those missiles and responded with a fresh set of strikes on Monday. Iranian state television reported the sound of explosions being heard in Isfahan, Tabriz and Tehran.
Why it matters: This escalation comes as U.S. President Donald Trump continues to face mounting pressure to end the Iran war, which has rocked the global economy. Trump earlier told a reporter that he wanted the Iranians to stop firing missiles and return to the negotiating table. A senior U.S. official said Trump had called Israeli Prime Minister Benjamin Netanyahu to urge him not to retaliate immediately for the Iranian missile attack.
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TD Bank holds customer responsible for $15K loss, won't say how account hacking ruled out
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TD Bank says a Nova Scotia man is responsible for a series of money transfers that he says he never authorized.
What's happening: Shakir Ahamed says he contacted TD's fraud department and filed a police report when he saw nearly $15,000 transferred out of his account. Weeks later, TD told Ahamed he was responsible for the loss. Ahamed took his case to the Ombudsman for Banking Services and Investments, but it did not recommend compensation, saying his sign-in credentials were used. When he searched email addresses used in the transfers, Ahamed found they'd been linked to other fraud cases.
Why it matters: The Canadian Anti-Fraud Centre says a record $704 million in fraud losses were reported last year, up from $638 million in 2024. The U.K., Singapore and Australia have reimbursement frameworks that place greater responsibility on financial institutions when fraud occurs. If an institution cannot demonstrate gross negligence by the customer, victims can be reimbursed.
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