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Reflects shared commitment to sustainable future and carbon neutrality TORONTO, ON–BMO Financial Group has provided Maple Leaf Foods Inc. with the first sustainability-linked loan in Canada. The amendment to the existing credit facilities will allow Maple Leaf Foods to reduce the interest rate on the lending facility if it meets …

Global revenues increase by 6.2% to reach record of US$29.75bn as multi-year collective strategy implementation continues at pace LONDON, England–KPMG has record revenues of $29.75 billion for the fiscal year ending 30 September 2019 (FY19), representing a 6.2% increase in local currency terms on FY18. Revenue growth driven by solid …

TORONTO, ON–VersaPay Corporation and Great Hill Partners, a leading growth-oriented private equity firm, say the VersaPay and an affiliate of Great Hill have entered into a definitive arrangement agreement whereby Great Hill will indirectly acquire all of the issued and outstanding common shares of the company. Under the terms of …

First of its kind collaboration in Canada offers customers a better way to move money overseas; TransferWise for Banks provides EQ Bank with direct API integration TORONTO, ON–EQ Bank, the digital platform offered by Equitable Bank (TSX: EQB and EQB.PR.C), Canada’s Challenger Bank™, announces a partnership with TransferWise, the global technology …

TORONTO and VANCOUVER, BC–The Canadian Securities Administrators (CSA) will undertake a review of the regulatory framework for the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). “The regulatory framework for these self-regulatory organizations has been in place for several years, and the …

Despite lack of standardized guidance for cryptoasset holdings, the majority of the Canadian public companies applied a principles-based approach TORONTO, Dec. 12, 2019 /CNW/ – With the rapid proliferation of the cryptoasset market, there is still significant ambiguity in professional financial communities regarding this new asset class. Today, Chartered Business …

Canadian credit unions take steps to expand international payments By Brian Raine The payments environment in Canada and internationally is in flux. But credit unions are not just keeping pace with that change, they are now leading it. Bringing the benefits of low transaction fees, digital interfaces and convenience to …

By Daniil Saiko The earliest iteration of email was a fringe application, only used by tech-savvy engineers and hobbyists. That changed with the introduction of AOL, which took the Internet and email from fringe to mainstream. Despite the mass amount of media coverage, cryptocurrencies are in the same position as …

By Daniel Kornitzer ECommerce and mobile commerce (mCommerce) continue to grow in Canada. eMarketer forecasts that 31.5 per cent of the $64.6 billion in eCommerce sales in 2019 will be carried out using a smartphone or tablet. The connected growth of eCommerce and mCommerce is being driven in part by …

By Paul Parisi Today’s gaming industry has evolved dramatically over the past few years. According to the 2019 Newzoo Global Games Market Report, the global gaming economy is a major industry with over $150 billion in gaming revenue and an 11 per cent annual revenue growth. With that growth comes …