BUSINESSCLASSIFIED
TO PLACE AN AD CALL: 1-866-999-9237 EMAIL: [email protected]
LEGALSNOTICETOCREDITORS
CANADA
PROVINCE OF QUÉBEC SUPERIOR COURT
DISTRICTOF MONTRÉAL Commercial divison
COURT No: 500-11-057094-191
INTHEMATTEROFAPLANOFARRANGEMENTORCOMPROMISEOF:
STORNOWAYDIAMONDCORPORATION,STORNOWAYDIAMONDS
(CANADA)INC.,ASHTONMININGOFCANADAINC.AND
FCDCSALESANDMARKETINGINC.
Debtors
DELOITTERESTRUCTURINGINC.
Monitor
On September 9, 2019, following the filing of an application, the Superior Court of
Quebec (Commercial Division) (the “Court”) rendered an initial order (the “Initial
Order”) pursuant to theCompanies’ Creditors Arrangement Act(the “CCAA”) in
respect of each of the Debtors (collectively,“Gtornoway”), and Deloitte Restructuring
Inc. (the “Monitor”) was appointed to monitor the business and financial affairs of
Stornoway as an officer of the Court. Under the Initial Order, the Court ordered a stay
of any proceeding or action against Stornoway or its property.
The Initial Order allows Stornowayto continue payments to mine level trade suppliers
in the normal course of business, regardlessof whether such services or supplieswere
provided before or after the commencement of the CCAA proceedings.
A copy of the Initial Order and the Monitor’s report are availableon the Monitor’s
website at http://www.insolvencies.deloitte.ca/stornoway. If you are unable to access the
Monitor’s website, please communicate with us at514-393-7115, leaving your name,
telephone and fax number, as well as your email address or your postal address,
depending on the manner in which you wish to receive a copy of the Initial Order.
At this stage, a clai,s process in respect of Gtornoway has not been put in place,
such that its creditors are not required, for the ti,e being, to file proofsof clai,.
The Monitor shall advise such creditors of any develop,ent in that regard in due
course.
DATED AT MONTRÉAL, this 13thday of September, 2019.
DELOITTERESTRUCTURINGINC.
In its capacity as Court-appointed MonitorRead this notice carefully. A settlement may affect your legal rights.THIS NOTICE IS TO certain investors in the common share and notes of Valeant
Pharmaceuticals International Inc., now known as Bausch Health Companies Inc.
(“Valeant”).There is a proposed settlement with PricewaterhouseCoopers LLP, the U.S. member firm
in the PwC network of firms (“PwC”) for CAD$30 million (the “PwC Settlement”). The
settlement is a compromise of disputed claims, withoutany admission of liability
by PwC.The PwC Settlement may affect the rights of those who purchased Valeant’s common
shares or notes between February 27, 2012 to November 12, 2015.A motion to approve the PwC Settlement will take place on November 11, 2019 at
9:30 a.m., in a room to be determined of the Palais de justice de Montréal. The
courthouse is located at 1 Notre-Dame St. East, Montréal, Québec.At the hearing the court will also address a motion to approve Class Counselfees and
disbursements plus tax, a holdback to fund future disbursements, levies payable to the
Fonds d’aide aux actions collectives and to the Ontario Class ProceedingsFund, and
a Plan of Allocation for the PwC Settlement. For information about the lawsuit, your
rights and how to exercise them, see the long-form notice and related documents
available online at http://www.siskinds.com/class-action/valeant/.For investors who have not already had an opportunity to opt-out of the class action,
there may be an opportunity to opt-out of the PwC Settlement. For more information,
visit http://www.siskinds.com/class-action/valeant/.VALEANT PHARMACEUTICALS INTERNATIONAL INC.
SECURITIESCLASSACTION
NOTICE OF AUTHORIZATION (CERTIFICATION) AND
HEARINGTOAPPROVEPROPOSEDSETTLEMENTWITH
PRICEWATERHOUSECOOPERSLLP
DIVIDENDSCompany Issue RecordDate PayableDate Rate
Horizon North Logistics Inc. Common Shares September 30, 2019 October 15, 2019 $0.02 CAD
Information Services Class A Limited September 30, 2019 October 15, 2019 $0.20 CAD
Corporation SharesDIVIDEND/DISTRIBUTIONINFORMATION
The following dividends/distributions have been declared.Honoura
lovedone
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ONEINTHEGLOBEANDMAIL.TOADVERTISE1-866-999-9237|[email protected]DIVIDENDSDividends
Notice is hereby given that the following dividends have been declared.
Issuer Issue RecordDate PayableDate Rate
Bombardier Inc. Preferred Sept 30, 2019 Oct 15, 2019 Floating
Series 2
Hammond Power Class A Sept 20, 2019 Sept 27, 2019 $0.07
Solutions Inc. Subordinate Voting
Hammond Power Class B Sept 20, 2019 Sept 27, 2019 $0.07
Solutions Inc. Common
Keyera Corp. Common Sept 23, 2019 Oct 15, 2019 $0.16
Northland Power Inc. Common Sept 30, 2019 Oct 15, 2019 $0.10
Northland Power Inc. Preferred Sept 20, 2019 Sept 30, 2019 $0.2196
Series 1
Northland Power Inc. Preferred Sept 20, 2019 Sept 30, 2019 $0.2829
Series 2
Northland Power Inc. Preferred Sept 20, 2019 Sept 30, 2019 $0.3175
Series 3
Pembina Pipeline Corp. Common Sept 25, 2019 Oct 15, 2019 $0.20HaveThe
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C
anada’s banks are investing
heavily in artificial intelli-
gence but also ramping up
efforts to build guard rails
around powerful new technolo-
gy as clients grow wary of poten-
tial risks to privacy and fairness.
As banks roll out AI that ana-
lyzes customer behaviour and
predicts financial trends, and
machines make an ever greater
number of decisions on every-
thing from extending credit to
managing risk, executives and
engineers are keen to show they
can harness the technology and
explain its consequences.
This stems in part from a reck-
oning in the broader technology
sector, where privacy breaches
have made more consumers wa-
ry of the power of artificial in-
telligence and machine learning,
when applied to vast sets of sen-
sitive data. The resulting public
backlash has forced tech giants
to reconsider how quickly they
deploy AI and whether they can
demonstrate the good it can do
for society at large.
“In banking, the same thing is
going to happen,” said Tomi
Poutanen, chief AI officer at To-
ronto-Dominion Bank and co-
founder of AI company Layer 6
Inc. “These AI algorithms are get-
ting so good that they’re rivalling
humans in many cases. So
there’s been a bit of a pushback
from people saying, ‘Hold on, I’m
not that comfortable with the
use of my data this way. And I’m
not that comfortable with the
lack of transparency on the AI
applications that are being
used.’ ”
For highly regulated banks
that form the backbone of the
global financial system, the risks
in rushing to the frontier of AI
are just as serious. Artificial in-
telligence requires vast amounts
of data and computational pow-
er, and banks have both in
spades, but they are still in the
early stages of learning how to
use it to its full potential. Now,
they are increasing efforts to ex-
plain how machines learn and
make predictions or decisions,
and to correct for potential bias
in AI.“We operate on trust,” said Fo-
teini Agrafioti, chief science offi-
cer at Royal Bank of Canada and
head of Borealis AI. “We have no
other way of doing business, so
we have to solve the hard prob-
lem. We don’t go fast and break
things.”
Banks prioritize AI projects
according to business needs;
since TD acquired Layer 6 for
more than US$100-million in
early 2018, the bank has collected
a list of 150 possible uses for AI.Some of those are models used
to predict individual customers’
retail-banking needs three to six
months in advance, so the bank
can anticipate which products or
services to offer.
In an online survey of 1,200
adults that Environics Research
Group conducted for TD, 72 per
cent of Canadians polled were
comfortable with the use of AI if
it means they would receive per-
sonalized services from banks.
Yet 77 per cent of respondentssaid they were concerned about
the risks AI poses to society, and
an equal number worried that AI
is advancing too quickly to fully
understand those potential risks.
As a result, bankers know they
need to head off fears that ma-
chines and algorithms could run
amok. “Just because it’s cool
from a technology perspective
doesn’t mean that it’s something
that adds value to the broader
society,” Mr. Poutanen said.
Ms. Agrafioti and Mr. Pout-
anen, who both spoke about re-
sponsible AI at the Economic
Club of Canada in Toronto on
Thursday, work a few floors apart
in Toronto’s MaRS Discovery Dis-
trict. And although they are di-
rect competitors, Borealis and
Layer 6 recently came together at
a round table convened by TD
about how to head off risks and
use AI ethically. Also at the table
were experts from financial tech-
nology firms, consultants and
academics.
Some of the issues they dis-
cussed involve unintended bias
in AI systems and the need to
promote diversity in the teams
that build AI technology so that
it produces fair outcomes.
But the foremost concern was
AI’s “black-box” problem, also
known in the sector as “explain-
ability” – the notion that a com-
pany must be able to explain
how its AI arrived at a decision.
In some advanced cases, “we see
the input, we see the output, we
know mathematically what hap-
pens in between,” Ms. Agrafioti
said. “It’s just that we cannot ra-
tionalize that process in a way
that humans understand it.”
She added: “How do you trust
a system [when] you don’t know
how it makes decisions?”
Mr. Poutanen said banks have
rigorous processes to validate AI
models and can retrain systems
if they stop performing as in-
tended. “You can always stress-
test it,” he said. At TD, “there’s no
case where an AI model starts to
learn on its own and nobody’s
got oversight over it.”Canada’sbankstrytomanagerisksamidpushinto AI
Privacybreachesin
broader technology
sectorh avemade
consumerswary
JAMESBRADSHAW
BAN INGREPORTER
FoteiniAgrafioti,chiefscienceofficeratRoyalBankofCanadaandheadofBorealisAI,isseenatBorealis’s
officeinToronto’sMaRSDiscoveryDistrictonTuesday.Banks‘operateontrust,’shesays.‘Wehavenoother
wayofdoingbusiness,sowehavetosolvethehardproblem.’FREDLUM/THEGLOBEANDMAIL