Global initiative furthers banks’ efforts to help address climate change by aligning financing activities with net-zero emissions by 2050
TORONTO, ON–Ahead of the United Nations Climate Change Conference (COP26) in Glasgow, six of Canada’s largest banks – BMO, CIBC, National Bank of Canada, RBC, Scotiabank, and TD – together announced their pledge to join the Net-Zero Banking Alliance (NZBA) as part of a global, industry-led initiative to accelerate and …
Sage announces acquisition of GoProposal to help accountants accelerate practice management in the cloud
Acquisition is the fourth recent investment by Sage into cloud-based fintech companies targeting the SMB market TORONTO, ON–Sage, the market leader in cloud business management solutions, has acquired GoProposal, a UK-based provider of proposal management software for small and mid-sized accountancy firms. This acquisition – the fourth fintech investment by …
Ontario Teachers’ agrees to acquire HomeEquity Bank
TORONTO, ON– Ontario Teachers’ Pension Plan Board has agreed to acquire HomeQ Corporation, the parent company of HomeEquity Bank, from Birch Hill Equity Partners Management Inc. and the other minority shareholders of HomeQ. The completion of the acquisition is subject to receipt of required regulatory approvals, which the parties expect to …
Québec joins coalition to accelerate marketing zero-emission heavy-duty vehicles in North America
NEW YORK, NY–The Government of Québec is taking part in the work of the Multi-State ZEV Task Force, a coalition of 16 U.S. states that will work together to accelerate the electrification of medium- and heavy-duty vehicles in their territories. Benoit Charette, Minister of the Environment and the Fight against Climate …
12,600+ bidders register for US$57+ million Ritchie Bros. auction in Fort Worth, TX
RICHMOND, BC–Ritchie Bros.’ latest Texas auction attracted 12,600+ online bidders from 64 countries to compete for 4,300+ items consigned by 600+ sellers. As a result of this unprecedented demand, Ritchie Bros.’ Fort Worth auction generated US$57+ million in gross transaction value. “We continue to drive record-breaking demand, with bidders …
Burb Announces $4 Million Funding Round to Expand Retail Operations In British Columbia and Launch Products In Ontario and United States
VANCOUVER, BC–Burb Cannabis Corp., a global cannabis lifestyle brand and high-end retailer with branded products and apparel, has successfully closed its $4M Series A funding round, led by Connecticut-based private equity group KarpReilly. The Company also closed the round with participation from American record label 300 Entertainment CEO and Co-Founder Kevin …
SKU-level data expert and SME credit provider help Canadian businesses track spending and manage finances
Sensibill and CAARY Partner to Bring Robust Digital Finance Solution to Small and Medium-sized Enterprises TORONTO, ON–Sensibill, the leading provider of everyday financial tools and SKU-level insights, and CAARY, a new credit and financial platform for small and medium-sized enterprises (SMEs), announced a partnership. Together, the companies will offer a …
Accuity Study Reveals Failed Payments Cost the Global Economy $118.5 Billion in 2020
CHICAGO, IL — The cost of failed payments is estimated to have cost the global economy $118.5 billion in fees, labor and lost business in 2020 according to the latest study from Accuity, a LexisNexis Risk Solutions company. The total cost of failed payments regionally was $41.1 billion in EMEA, …
Canada gets first qualified custodian for cryptocurrency assets
Tetra Trust launches and closes financing from consortium of investors CALGARY, AB–The financial institution Tetra Trust received its Certificate of Registration on July 5, 2021, making it the first Canadian regulated custodian for cryptocurrency assets. Tetra Trust also completed multiple financing rounds led by a group of strategic investors which …
With Work-at-Home agents on the rise, here’s how to secure payments
…and Improve CX By Gary E. Barnett For most consumers, the idea of handling a transaction or conducting business through a call center brings a reassuring sense of security and confidentiality. This is especially true with larger, more established brands; customers trust that stringent regulations, employee background checks and oversight …