Daily Finance News Headlines — October 26th 2015

In recent years, Canadians have received a slew of phony emails claiming to be from the CRA about a tax refund awaiting them if they click a link to update their personal information. Most people just ignore them.
The fake phone calls are more serious. They have the potential to bully seniors and newcomers to Canada into paying taxes they don’t owe by talking about terrible consequences if the money is not sent right away.
“The Canada Revenue Agency is aware of telephone scams where the caller claims to be from the CRA, but is not and is asking Canadians to beware,” says spokesman Paul-Noel Murphy. “These calls are fraudulent and could result in identity and financial theft.”
Almost all the calls come from India, says Williams. The call centres used to target Indian nationals living and working abroad, Williams says, but now go after the Canadian population as a whole.

Canada’s main stock index rose on Friday, helping it post a 1.4 percent gain on the week, as shares of embattled Valeant Pharmaceuticals International Inc bounced and a range of financial and materials stocks also gained.

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