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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 …

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 …

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 …

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 …

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 …