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

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Philanthropist and Former CI Financial Group CEO Bill Holland at his Toronto office, Monday June 29, 2026.“Philanthropy gives you a purpose,” says Bill Holland. "There is no better way to spend your time."  Photo by Peter J Thompson/National Post

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

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

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CIBC If the settlement is approved, Canadian Imperial Bank of Commerce will deposit the funds directly into the bank accounts of eligible class members. Photo by Christopher Katsarov Luna/Bloomberg

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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. It is important that you find the right balance between living today and saving for tomorrow. Photo by Getty Images/iStock Photo

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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. Cooling vents on data centres in Virginia, U.S. Photo by ANDREW CABALLERO-REYNOLDS/AFP/File

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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. Sold signs are displayed outside of homes in Whitby, Ont. Photo by Mark Sommerfeld/Bloomberg files

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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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