“Be afraid. Be very afraid,” of Canada’s new anti-spam law, says MacMillan Chief Marketing Partner and former Chief of Staff to the Prime Minister, Tim Murphy. Canada’s new anti-spam law is “one of the most horribly named pieces of legislation” and could become a nightmare for legitimate businesses, says one expert.
MacMillan Chief Marketing Partner and former Chief of Staff to the Prime Minister, Tim Murphy, was on BNN’s “Business Day” Friday to talk about Canada’s new anti-spam legislation, which takes effect July 1st.
Murphy says the law is intended to cut down on spam, but it carves too far into legitimate businesses that use email to connect with clients. He notes that the sender of the message has to bear the proof they have consent or implied consent to send an email. That, in some cases, means setting up what could be a complicated and expensive contingency system to protect themselves.
“It gets bureaucratically ridiculous,” says Murphy. “I’m a small business, that’s a lot of bureaucracy, a lot of time and a lot of effort that I don’t have the money for.”
When asked what he is advising clients, Murphy was blunt. “Be afraid. Be very afraid, because there is up to a $10-million fine for breaching this legislation and there is, coming in a few years, civil liability. You could have a class action against a company.”
Murphy says the CRTC’s assertion that it will be measured and reasonable in its approach to the new law does not comfort him. “That and a quarter won’t get you a cup of coffee, he says.
RBC Dominion Securities analyst Paul Treiber says poor sentiment toward software stocks, weak organic growth and limited capital deployment are… [Read More]
Roth Capital Partners analyst Scott Searle says InterDigital’s (InterDigital Stock Quote, Chart, News, Analysts, Financials NASDAQ:IDCC) new patent licence agreement… [Read More]
Black Swan Dexteritas president and portfolio manager Kim Bolton says IBM (IBM Stock Quote, Chart, News, Analysts, Financials NYSE:IBM) remains… [Read More]
National Bank Financial analyst Baltej Sidhu says Hammond Power Solutions’ (Hammond Power Solutions Stock Quote, Chart, News, Analysts, Financials TSX:HPS.A)… [Read More]
Roth Capital Partners analyst Taz Koujalgi says SailPoint (SailPoint Stock Quote, Chart, News, Analysts, Financials NASDAQ:SAIL) delivered a good quarter,… [Read More]
Propellus Wealth Partners portfolio manager and senior wealth advisor Mike Vinokur says Expedia (Expedia Stock Quote, Chart, News, Analysts, Financials… [Read More]