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Canadian Push 9-26-14


Target gets aggressive - Undercuts even Wal-Mart in pricing
"Target's price leadership in Canada has clearly shifted," noted Robin Sherk, director of retail insights, Kantar Retail, and contributor to the study. "We found that the price of Target Canada's overall basket was 3.9% less expensive than Walmart's. In our initial study, the retailers' basket values were effectively even." (Source

Canadian class-action lawsuit against Home Depot data breach - seeks $500M - 1 person sees $8K in bogus charges on his card  Lozanski is working with Toronto law firm, McPhadden Samac Tuovi LLP, in launching the class action law suit against Home Depot of Canada Inc. and its American parent, The Home Depot Inc. It's the first class action lawsuit in Ontario targeting the security breach. The initial claim is $500 million, but that could change once lawyers get a more realistic handle on the actual extent of the losses. He realized $8,000 was improperly charged against his Visa in a series of transactions in early September 2014. (Source

Cargo theft a hit to Canadian economy, security - Supporting Bill S-9
Cargo theft is not simply about stolen goods – affecting an individual load or a particular company – but extends beyond that to adversely influence the economy as a whole, Richard Dubin, vice president of investigative services for the Insurance Bureau of Canada (IBC), suggested during the Annual Toronto Fraud Forum this week. IBC supports giving cargo theft a higher profile and adopting tougher sentencing, Dubin said. "Sentencing hasn't been very tough for this type of crime. A perfect example is there are cases where a person gets caught with a million dollars of narcotics – cocaine, whatever – and they get a very heavy jail sentence. They'll grab somebody who was involved in stealing a trailer load and they're not, at times, getting jail sentences," he added. That is one reason why IBC lobbied for Bill S-9, an Act to Amend the Criminal Code, which at its heart, is auto theft legislation. "But the beauty of Bill S-9 is it also includes the seizure of property obtained by crime, which would cover cargo theft," Dubin told session attendees. "As a result of that, we are working with CBSA (Canada Border Services Agency) now where they are prepared through intelligence to identify containers that they think have stolen cargo and start seizing those containers," he said. Under the act, trafficking in property obtained by crime and possession of property obtained by crime for the purposes of trafficking are subject to imprisonment for as long as 14 years. "Cargo theft is a huge business," Malbeuf said, pointing out that a tractor-trailer load is taken every day. "They will steal anything; anything they can take, they will take it and it's gone within 24 hours," he noted. (Source

Fraud turns up on Canadian credit cards following Home Depot breach
MasterCard Canada and Visa said last week both have been combing their Canadian customer bases since being notified of the breach, alerting partner banks about specific accounts to be watchful of. The credit card companies declined to comment about how many Canadian accounts had been identified. Though reports suggest the majority of the fraud is being attempted in the United States, Davis - one who reported his card was used, appears to be far from alone in Canada in the wake of what's become one of the biggest data breaches at a retailer to date. Canadian banks and credit card providers are moving to block potentially fraudulent transactions. A spokesperson for TD Bank, which manages its own credit cards as well MBNA brand cards, told Global News it's been proactively cancelling cards. "We are reissuing cards for customers we believe may have been impacted, and evaluating further action," said Alicia Johnston, a spokesperson for TD Bank. (Source

Sears Canada loses its 3rd CEO in three years - CEO Douglas Campbell resigns after one year in the job

Saks Fifth Avenue preparing to build 1st Canadian stores

Patrol car rammed, Vancouver Police fire shot at suspect in AM/PM robbery

Canmore drug store robbery at Rexall Pharmacy

The Sûreté du Québec's economic crimes squad cracks Credit Card Fraud scheme, 5 arrested  The Sûreté du Québec's economic crimes squad has arrested five suspects in a counterfeit credit card scheme that netted an estimated $750,000 for the alleged fraudsters over the past five years. Three men and two women, aged 20 to 52, allegedly used fake credit cards they had made themselves to buy gift cards, gas and electronic equipment which they would then resell. Police searched several homes and vehicles in Pierrefonds, Montreal, Repentigny, St-Hubert and Lachine, and arrested one suspect on Tuesday and the four others on Thursday. The searches yielded 750 counterfeit credits cards, a portable computer, electronic equipment, passport photos and false drivers licenses. The investigation, dubbed Myosis, was launched in July and involved 35 SQ officers. (Source

Retail Fast Facts: September 2014

● Total monthly retail sales changed by 6.6 per cent over the comparable month last year.
● Total sales excluding food, automotive and gasoline changed by 6.4 per cent over the comparable month last year.  (Source

Canadian Push 9-26-14
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