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The Globe and MailSears Canada raises doubts about its future, seeks buyerThe Globe and MailAiling Sears Canada Inc. has raised “significant” doubt it can continue as a going concern and is looking at a possible sale or restructuring of its operations. The retailer said on Tuesday it has hired BMO Capital Markets as its financial adviser and …Sears Canada warns about financial future and possible saleCBC.caSears Canada raises doubt about ability to continueCTV NewsSears Canada says there is 'significant doubt' it can continue as cash crunch worsensFinancial PostToronto Star -660 News -BNN -Reuters Canadaall 20 news articles »
All financial markets ‘increasingly at risk,’ Bill Gross warns
– theglobeandmail.com
In latest investment outlook, fund manager writes that markets are facing intensifying headwinds
Bank of Canada warns of cyberattack vulnerabilities in financial sector
– theglobeandmail.com
Central Bank’s June review says initial attack could spread into other sectors
THE CANADIAN PRESS/Adrien VeczanOTTAWA – Canada’s interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns.
The structural vulnerability could allow for the easy spread of an initial attack that ripples into other sectors such as energy or water systems, says the bank’s June financial review.
The report urges banks to co-operate on countering the threats that are not going away any time soon.
The former head of the U.S. National Security Agency made the same recommendation earlier this month, saying private-sector companies – including banks – have to do a better job of sharing data on attempted hacks in real time to counter the ongoing challenge.
Retired Gen. Keith Alexander told a defence industry trade show that banks have valuable metadata on attempted hacks embedded in the logs of their firewalls and sharing that information can allow them to more successfully fend them off…
Sears Canada warns there are doubts about its ability to continue operating, and said it may have to restructure or be sold.
