Business BankingPaymentsPayments Business May-June 2019

INTERVIEW: BMO’s Haward-Laird on cross-border banking, payments

INTERVIEW By Brendan Read Canada and the United States have long been deeply connected financially with each other through trade, including investments, tourism and individual migration for work, education and also visits, like for shopping and for retirement. Canadians make and receive payments while in the U.S., and from and …

BlockchainPaymentsPayments Business May-June 2019

Blockchain: good governance matters

By Oscar Roque Many view blockchain as a disruptor. But here at Interac we see it as an enabler. To date, our journey has been an exciting one—exploring and experimenting with blockchain technology—while applying it to new use-cases and problem sets. With over three decades of building payments ubiquity in …

PaymentsPayments Business May-June 2019Transportation

BC Ferries sets sail with advanced payments

Millions of passengers need effective payment methods, often buying immediately on boarding By Brendan Read The British Columbia Ferry Service (BC Ferries) is one of arguably Canada’s best known and patronized transportation companies and one of the world’s largest ferry operators. Its highly varied fleet of 35 vessels operate safely …

BlockchainPaymentsPayments Business May-June 2019

Bank of Canada, MAS trial DLT

Blockchain The Bank of Canada and the Monetary Authority of Singapore (MAS) have conducted a successful experiment on cross-border and cross-currency payments using central bank digital currencies and distributed ledger technology (DLT). This is the first such trial between two central banks, they said in a release. These technologies have …

InsuranceMergers & Acquisitions

Hub International Acquires The Assets Of Manitoba-Based W.R. Carey Corporation

WINNIPEG, MB–Hub International Limited (Hub), a leading global insurance brokerage has acquired the assets of W.R. Carey Corporation (Carey Corp). Terms of the transaction were not disclosed. Located in Winnipeg, Manitoba, Canada, Carey Corp is an independent employee benefits consulting firm providing a broad array of benefits programs, including benefits …

FinTechMergersMergers & Acquisitions

ATB Financial enhancing customer experience with acquisition

EDMONTON, AB–ATB Financial has acquired the technology assets of Grow Technologies Inc. to bring a new, enhanced digital experience to their customers. Through conversations with customers, ATB heard a need for convenient online tools that operate seamlessly so they can quickly open accounts and request loans. With ATB’s acquisition of …

Government NewsLeadership

ASC appoints new Chief Accountant and Chief Financial Officer

CALGARY, AB–The Alberta Securities Commission (ASC) today announced the appointment of Cheryl McGillivray as Chief Accountant and Chief Financial Officer. McGillivray will lead the Office of the Chief Accountant which provides expert knowledge in the areas of accounting, auditing and financial reporting to ASC staff, as well as guidance to …

Business BankingMergers

Vancity Community Investment Bank to Acquire CoPower to Scale Impact Finance Business

This will be the first acquisition of an impact investment firm by a Canadian bank Traditional territory of many Indigenous Nations, including the Haudenosaunee and the treaty territory of The Mississaugas of the Credit/Toronto, ON–Vancity Community Investment Bank (VCIB), Canada’s first values-driven bank and a subsidiary of Vancouver City Savings Credit Union (Vancity), today announced plans …

Financial ResultsIndustry News

TMX Group shares Equity Financing Statistics for October

TORONTO, ON–TMX Group announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for October 2019. TSX welcomed eight new issuers in October 2019, compared with 14 in both the previous month and in October 2018. The new listings were four exchange traded funds, two mining …

Equipment FinanceLeadership

Mercedes-Benz Financial Services Canada makes Management Changes

MISSISSAUGA, ON–Mercedes-Benz Financial Services (MBFS) Canada Corporation, a leading financial services provider and a company of Daimler Mobility AG, is pleased to announce the appointment of James Ryan as President and CEO of the organization. In this role, he will lead the Canadian divisions of Mercedes-Benz Financial Services and Daimler …