Business Borrowing & LendingCanadian LenderUnderwriting

First National to Provide Mortgage Underwriting Processing Services to Manulife Bank

TORONTO, ON–First National Financial LP has entered into an agreement with Manulife Bank of Canada to provide underwriting and fulfillment processing services for mortgages originated by Manulife Bank through the residential mortgage broker channel in Ontario and Atlantic Canada. Under the strategic agreement, First National will employ a customized software …

Corporate AcquisitionsMergers & Acquisitions

Pollard Banknote to Acquire mkodo Limited

WINNIPEG, MB–Pollard Banknote Limited has signed a definitive agreement to acquire 100% of the equity of mkodo Limited, a leading provider of digital apps and user interfaces for the lottery and gaming industry worldwide. The Acquisition is subject to certain standard regulatory and third-party consents and is expected to close …


NFI Group announces selection of Pipasu H. Soni as next Chief Financial Officer

WINNIPEG, MB–NFI Group Inc., one of the world’s leading independent bus and coach manufacturers, announced today the selection of Pipasu H. Soni as NFI’s next Chief Financial Officer. Soni joins NFI as Executive Vice President, Finance, effective immediately, reporting to NFI Chief Executive Officer Paul Soubry in a transition role …

AppointmentsFinancial AdvisoryInvestment Solutions

CIBC Mellon names Ash Tahbazian Chief Relationship, Revenue Officer

Leading relationship management and relationship development TORONTO, ON–CIBC Mellon has appointed Ash Tahbazian to the newly-created role of Chief Relationship and Revenue Officer. Effective today, he assumes overall responsibility for the company’s relationship management and relationship development functions. He also joins CIBC Mellon’s leadership team. Tahbazian has more than 25 …

Equipment FinanceTelematics

Vecima Networks Selected for Fleet Management Solution by the City of Saskatoon

VICTORIA, BC–Vecima Networks Inc’s Telematics Division has been awarded a contract with the City of Saskatoon for its fleet management solution. Using Vecima’s state-of-the-art Nero Global Tracking telematics solution, the City will be able to monitor, manage, and make informed decisions for their fleet of over 1,000 powered and unpowered …

AppointmentsMining & Resources

Peter Portka Appointed Chief Financial Officer of NorZinc

NorZinc VANCOUVER, BC–NorZinc Ltd. has appointed Peter Portka as Chief Financial Officer, effective December 2, 2019, to replace Trevor Cunningham, who will be leaving the Company to pursue new opportunities. Cunningham will be working with the Company in December to support a seamless transition. Portka is a mining financial professional …

Business Borrowing & LendingCannabis Business

TerrAscend Announces Agreement on Two Year Term Loan and Extension to Credit Facility

TORONTO, ON–TerrAscend Corp. the first and only global cannabis company licensed for sales in Canada, the US, and the EU, today announced that it has extended the maturity date of its US$75 million credit facility due December 18, 2019 with funds managed by JW Asset Management LLC for up to …

Canadian Equipment Finance Winter 2019 IssueEquipment Finance

Turning to low-carbon solutions

By Dana Krechowicz Agriculture and mining are on the front lines of climate change. Why? First, they depend on predictable climatic conditions to ensure stable outputs and operations. Climate change is making it harder for farmers and mining companies to predict operating conditions, which adds additional risks and costs to …

Canadian Equipment Finance Winter 2019 IssueCybersecurity

The need for secure digital identities

By John D’Apolito Trust, security and confidence in partners are the fundamental underpinnings of supplier/procurement relationships, especially today’s digital supply chain. For without current information, such as potential red flags or insights into ethical practices, partners will be cautious. These trading relationships require secure digital identities. Enhanced digital identities are …

Canadian Equipment Finance Winter 2019 IssueEquipment Finance

What’s in store post-election?

By Brendan Read What impacts could the Oct.21 federal election that resulted in a Liberal minority government have on Canada’s asset-backed lending sector? Canadian Equipment Finance reached out to the C.D. Howe Institute for answers, insights and recommendations. Here they are, from Farah Omran, policy analyst and Jeremy Kronick, associate …