CFLA ReportEquipment Finance

CFLA CMO: Uneven growth ahead

CFLA Report By Robin Somerville With so many potential crisis events threatening global trade and security, most economists are even more gloomy than usual about the future. Canada’s economy has not been spared and is expected to grow slower than last year despite continued high population growth, a low unemployment …

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Capital MarketsFinTech

National Bank of Canada Upgrades Trading Platform

Accenture Helps National Bank of Canada to Enhance Its Capital Markets Technology TORONTO–Accenture has helped National Bank of Canada upgrade its trading platform as part of the bank’s initiative to improve its front- and back-office trading processes and increase the efficiency and effectiveness of its capital markets business. Accenture and …

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Award WinnersE-commerce

eBay Canada’s 2019 eCommerce Entrepreneur of the Year Awards

Canadian small businesses recognized for achievements in online entrepreneurship TORONTO–eBay Canada announced the winners of its 15th annual Entrepreneur of the Year Awards, recognizing exceptional Canadian small businesses who are harnessing the opportunities of eBay’s marketplace to reach new customers across the country and around the world. “As an enabler …

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Regulatory Issues

FSRA Issues a New Guidance Framework to Clarify Requirements in Regulated Sectors

TORONTO–The Financial Services Regulatory Authority (FSRA) has committed to ensure clarity for stakeholders and consumers around their legal requirements and expectations. We are delivering on this commitment today by issuing a new Guidance Framework to standardize the guidance we issue across regulated sectors. FSRA supervises and regulates a number of …

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Business BankingCredit Unions

Alterna Bank’s Digital Small Business Banking Solution Strategy Allows Focus

OTTAWA–This week, in celebration of Small Business Month, Alterna Bank provided limited release of their Digital Small Business Banking solution. Created in partnership with nCino – a leader in transformative financial digital solutions – Alterna Bank now offers a streamlined business account opening process that is available 24/7, online and …

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Equipment Finance

Chesswood Updates Tandem Finance Progress

Chesswood Closes First Marketed Securitization for US$254 Million TORONTO–Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee’s prime receivables. Proceeds from the U.S.$254 million securitization will be used to pay down Pawnee’s recently renewed revolving warehouse line and to …

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Equipment Finance

Arrow Exploration Corp. Announces Management Changes, Equipment Update Plans

CALGARY–ARROW Exploration Corp. announces that the Board of Directors has accepted Bruce McDonald’s resignation from his role as President and Chief Executive Officer and from the Board of Directors of Arrow effective October 16, 2019. Jack Scott, Chief Operating Officer of Arrow, has been appointed by the Board of Directors …

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POSRetail

Fairstone Financial Selected as Point-of-Sale Financing Partner for Kent Building Supplies

MONTREAL–Fairstone Financial Inc., Canada’s leading non-bank provider of responsible lending solutions, recently signed an agreement to provide point-of-sale financing for all retail purchases across 49 Kent Building Supplies locations across Atlantic Canada. As part of its retail POS financing offering, Fairstone is also providing Kent with an automated, mobile and …

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AIFinancial Analytics

IGM Financial Adopts Google Cloud to Manage Data

New collaboration will strengthen IGM’s data science centre of excellence in Winnipeg with advanced AI and analytics capabilities WINNIPEG–IGM Financial Inc. has chosen Google Cloud to manage its data platform. IGM is among the first major Canadian financial services companies to move SAP applications and data to the Google Cloud …

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Corporate AcquisitionsInvestment Solutions

CI Financial, GSFM announce acquisition of stake in Redpoint Investment Management

TORONTO–CI Financial Corp. and its subsidiary GSFM Pty Ltd. of Sydney today announced that GSFM has acquired a 49% equity stake in Redpoint Investment Management Pty Ltd., a boutique global equities manager with approximately A$10 billion in assets under management. Redpoint, established in 2011 and based in Sydney, uses a …

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