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The EDC BCAP Guarantee fee of 1.8% will be deferred for clients for the first six months TORONTO, ON–RBC announced the launch of the Government of Canada’s Export Development Canada (EDC) Business Credit Availability Program (BCAP). The EDC BCAP provides eligible mid-sized and large RBC business clients with a loan …

OTTAWA, ON–The current economic instability caused by the COVID-19 pandemic has raised questions around the world about how best to approach bank capital requirements and the resulting implications for bank dividend policies. This statement provides an overview of the existing regime in Canada. All of the countries represented on the …

Canada’s Fifth-Largest Credit Union Gives Retail Banking Members Access to Digital Financial Planning Solutions MILWAUKEE, WI–The First West Credit Union has integrated the NaviPlan platform into the digital banking service offering for members and clients at the Canadian financial institution’s 51 branches across British Columbia. “We continue to enhance our …

TORONTO, ON–The Canadian Securities Administrators (CSA) published a relief order that provides registrants with an additional six months to comply with the conflicts of interest provisions in the Client Focused Reforms. Registrants will now have until June 30, 2021 to implement these changes. The CSA also published a second relief …

Frost & Sullivan Analyzes the Future of Privacy and Cybersecurity SANTA CLARA, CA-Frost & Sullivan’s recent analysis, The Future of Privacy and Cybersecurity, Forecast to 2030, finds that by 2030, there will be a complex global network of 200 billion devices, with over 20 connected devices per human. As the …

eBay Canada: Waiving Selling Fees and Launching Resources to Support Small Businesses Looking to Expand Online TORONTO, ON–eBay Canada is launching “Up & Running,” an accelerator program specifically designed to support retailers without an e-commerce presence transition to selling online. The initiative will also help existing online businesses create a …

Prime Minister announces expanded access for essential workers OTTAWA, ON–The Government of Canada is taking significant and decisive action to support Canadians and businesses facing hardship as a result of the COVID-19 global pandemic. No Canadian should have to choose between protecting their health, putting food on the table, paying …

PerfectMind is the leader in the Parks and Recreation market in North America BURNABY, BC–TSG, an Advent portfolio company and leading global provider of business management software, integrated payments, and value-added services to the Health and Fitness, Childcare and Education, and Boutique markets, today announced that it has acquired PerfectMind …

By Len Covello The loyalty industry in Canada has left brands and consumers wanting more. The issue is that many of today’s loyalty programs run on unsophisticated technologies with little segmentation capabilities and zero personalization features. When it comes to loyalty redemption, customers want ease, choice and value, and they …

By David Grindal Our traditional world of stable payment acceptance mechanisms is long gone. Payments used to just mean either cash and cards for a merchant or automated clearing house (ACH) and wire transfers and larger-amount cheques for a business, government or institution. The only person-to-person (P2P) payments that were …