Business BankingIndustry TrendsMarket Research

Women entrepreneurs who apply for business loans are more likely than men to be approved, Scotiabank survey finds

On its first year anniversary, The Scotiabank Women Initiative™ releases new survey findings, expands program to Global Banking and Markets (GBM) TORONTO, ON–Women entrepreneurs who apply for business loans may fare better than they expect, according to survey results released today by Scotiabank on the first anniversary of The Scotiabank …

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Mergers & Acquisitions

Transaction Creates One of the World’s Largest Cinema Companies

Cineplex Signs Definitive Agreement to be Acquired by Cineworld Group TORONTO, ON–Cineplex Inc., one of Canada’s leading entertainment and media companies, today announced that it has entered into a definitive agreement with Cineworld Group, plc . With over 11,200 screensi around the globe, the proposed transaction will create one of …

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Data AnalyticsEFT & WireTreasury

RBC Investor & Treasury Services launches new Collateral Management service

New service leverages industry-leading technology to centralize and interpret data Toronto, ON— RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada, has launched a new collateral management service. This innovative middle office solution centralizes and interprets collateral management data to help asset managers comply with BCBS and …

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Industry TrendsMergers & Acquisitions

Canadian executives express bullish outlook in times of economic uncertainty

EY Global Capital Confidence Barometer shows decline in M&A appetite despite optimism; Canadian executives optimistic that domestic and global economies are improving TORONTO, ON—Canadian executives are taking a cautious approach to dealmaking in the year ahead despite overwhelming economic optimism, according to the 21st bi-annual EY Global Capital Confidence Barometer. All …

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AppointmentsAssociationsPayments

Tracey Black to succeed Gerry Gaetz as President & CEO of Payments Canada

OTTAWA, ON–The Payments Canada Board of Directors today announced the appointment of Tracey Black to President and CEO, effective March 1, 2020. “Tracey joined Payments Canada in 2018 to lead the payments Modernization program. Her leadership, deep payments expertise and industry relationships have driven the program forward and helped foster …

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Equipment FinanceLeadership

Ann Fandozzi to Become Chief Executive Officer of Ritchie Bros.

VANCOUVER, BC–Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer and a leading used equipment seller, says Ann Fandozzi will become Chief Executive Officer and join the Company’s Board of Directors, effective January 6th, 2020. Most recently, Fandozzi was CEO of ABRA Auto Body & Glass, a leading national damaged vehicle …

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Business BankingEntrepreneursMarket Research

CFIB Survey asks “Where do Canada’s small businesses bank?”

RBC, Scotiabank remain the most used banks by entrepreneurs, but smaller institutions gained ground TORONTO, ON–With a market share of 20 per cent, Royal Bank of Canada continues to be the most used bank by small and mid-sized businesses while the smallest businesses, those with fewer than five employees, primarily …

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Market ResearchTax + Audit

More Canadian Workers Paying “Time Off Tax”: ADP Canada study

Canadians are working an average of four extra days to make up for time off TORONTO, ON—-An increasing number of working Canadians anticipate putting in extra hours before or after a vacation this year, according to ADP Canada’s most recent Workplace Insight Study. Now in its fourth year, the study …

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Corporate AcquisitionsEquipment FinanceTransportation

Fleet Complete Continues Global Expansion with Acquisition of CSI Fleet

Acquisition of a leading Mexican telematics provider accelerates recent expansion into Mexico TORONTO, ON–Fleet Complete, the fastest-growing provider of IoT solutions in the connected commercial vehicle space, announced today its acquisition of Centro de Soluciones Inalámbricas (CSI), a leading fleet telematics player in Mexico. Terms of the transaction were not …

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Business BankingEntrepreneurs

CIBC adds 200 specialized advisors, new technology to support Canadian entrepreneurs

TORONTO, ON–CIBC added more than 200 business banking specialists in the last 18 months in support of its relationship-based strategy that focuses on helping business owners achieve their ambitions. In addition to expanding its dedicated business advisory teams, CIBC has equipped its advisors with market-leading tools to support entrepreneurs at …

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