News of the day: Bay Street legend, CIBC settles class action, retirement portfolio advice, Wafr secures data centre funding, Toronto home sales and more

PJT-Bill Holland-6.jpg — “Philanthropy gives you a purpose,” says Bill Holland. “There is no better way to spend your time.” (Credit: Peter J Thompson/National Post)

It’s Friday, July 3. Here are the top stories we’re following today.

Mr. Lucky: How Bay Street legend Bill Holland went from bar doorman to $100-million benefactor

Philanthropy is a societal necessity, says long-time Bay Street player Bill Holland, and Canadians are generally ‘terrible’ at it.

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If the settlement is approved, Canadian Imperial Bank of Commerce will deposit the funds directly into the bank accounts of eligible class members.

CIBC agrees to pay $10 million to settle NSF class action

The Canadian Imperial Bank of Commerce has agreed to pay $10 million to settle a case over how the lender charges depositors who attempt to make payments without sufficient funds in their accounts.

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It is important that you find the right balance between living today and saving for tomorrow.

Is Caesar, a 37-year-old renter, putting too much money into retirement savings and employee stock?

You are only going to be age 37 once, and the things a 37-year-old wants to do, and can do, won’t have the same meaning at age 65.

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Cooling vents on data centres in Virginia, U.S.

B.C. startup Wafr says it has secured $100 million in funding for tech that slashes AI data-centre water use

A Vancouver-based startup says it has raised $100 million from a group of private investors to advance its energy- and water-efficient cooling technology for artificial intelligence data centres.

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Sold signs are displayed outside of homes in Whitby, Ont.

Toronto home sales rebound in June though prices continue to slide

The Toronto Regional Real Estate Board reported 6,770 homes changed hands through its MLS system in June, up 9.4 per cent year over year, while new listings fell 12.9 per cent to 17,282.

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