Magna International conducting ‘targeted review’ of records as more charges laid against founder Frank Stronach
CTV
Magna International Inc. says it is conducting a “targeted review” of its records as its founder, Frank Stronach, is facing additional sexual assault charges.
Magna International Inc. says it is conducting a “targeted review” of its records as its founder, Frank Stronach, is facing additional sexual assault charges.
In a statement to CTV News on Thursday, the company revealed it initiated the review “in response to the Peel Police” and retained two external law firms to support the process.
So far, the review has uncovered one settlement involving a historical harassment allegation against the Canadian billionaire and Magna Entertainment Corp, which the company said has been publicly reported on.
“This review process is complicated with the passage of time (going back 40-50 years), but should relevant information be located, we will follow a strict protocol to respect the legal rights of all and cooperate with authorities,” Tracy Fuerst, the vice-president of corporate communications at Magna, said in a statement.
The company reiterated that the allegations against Stronach, who has had no affiliation with the Magna since relinquishing control in 2010 and stepping down as chairman in 2012, were “alarming” if proven true.
“We hold all, no matter their status inside or outside the company, to the highest standards and are steadfast in our commitment to fostering an environment where everyone feels respected, valued, and protected,” Fuerst said.
She added that the company would not be providing further comments out of respect for the criminal process and the privacy of the complainants.
The mother of an infant who died after being found at an apartment building in midtown Toronto on Wednesday has been charged with failing to provide the necessaries of life.
Consumers will receive a temporary tax break on essential items and common stocking stuffers heading into the holiday season, Prime Minister Justin Trudeau announced Thursday, alongside a spring $250 rebate for 18.7 million Canadians.
Workers aged 60 to 64 will no longer be entitled to the tax credit for career extension, which could represent tax savings of $1,540 per year.
Canadians will receive a temporary tax break on essential items, children's clothing and diapers, restaurant and pre-prepared meals and common stocking stuffers, Prime Minister Justin Trudeau announced Thursday. Trudeau also announced a new $250 rebate that will land in spring 2025.
The leaders of Nova Scotia’s three main political parties will take part in a roundtable discussion at CTV Atlantic in Halifax on Thursday.
A Toronto woman who was defrauded out of $158,000 in a roofing scam over the summer received about half her money back following a tip from a CTV News viewer.
Three Credit Unions in Saskatchewan are exploring a potential merger – with work on the transition beginning as early as next year.
A Markham hockey buff who built a massive backyard ice rink without permissions or permits has reluctantly agreed to remove the sprawling surface, following a years-long dispute with the city and his neighbours.
Prime Minister Justin Trudeau will announce a two-month GST relief on select items heading into holidays to address affordability issues, sources confirm to CTV News.
Sea Bears centre Chad Posthumus has died at age 33.
Alberta’s government is poised to overhaul the province’s auto insurance system, with a no-fault model emerging as the most likely, offered to counter rising premiums.