Financial ResultsRetail

IKEA Canada grows sales by 6.1 per cent to $2.53 billion

Company continues to transform its business; retailer announces plans to expand and introduce new concepts in Toronto’s city centre BURLINGTON, ON–IKEA Canada announced sales of $2.53 billion for the financial year ending August 31, 2019, an increase of 6.1 per cent on the previous year. Detailed in the company’s 2019 …

Business BankingIndustry News

Alterna Bank debuts new website

OTTAWA–Alterna Bank has reached a milestone on its digital journey with the launch of its new website at This is yet another digital innovation from Alterna! The new website and the recently launched Alterna Bank mobile app use Forge, a digital banking platform designed by Central 1. “Our new …

Award WinnersPayments

BMO Wins Aite Group’s 2019 Cash Management and Payments Innovation Award

Award recognizes digital channel capabilities TORONTO–BMO Financial Group today announced it has received Aite Group’s 2019 Impact Innovation Award for Cash Management and Payments for Digital Channel Capabilities. The award recognizes the bank’s efforts to deliver a leading experience for online business banking customers across channels. Aite Group’s Impact Innovation …

Industry News

BCG’s Centre for Canada’s Future Calls for Action on Diversity & Inclusion in Corporate Canada

Survey Findings Underline Criticality of Leadership Commitment at All Levels, Ally Culture, and Employee-centric Programs TORONTO–BCG’s Centre for Canada’s Future launched a new report today on diversity and inclusion (D&I) that examines the workplace experience of diverse employees in Canada. Beyond Good Intentions: Bringing an Employee Lens to Diversity & …

Government NewsIndustry News

Ontario Government Beating Fiscal Targets While Investing in Priority Programs

Government says plan creates conditions for a more competitive economy November 6, 2019–Finance Minister Rod Phillips today released the 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build Ontario Together — which maintains the government’s commitment to balance the budget by 2023-24 through prudent fiscal management while making …

Equipment FinanceInvestment Solutions

Vehicle Manufacturers Applaud Ontario Commitment to Strengthen Investment Competitiveness

Canadian Vehicle Manufacturers’ Association impressed with continued commitment TORONTO–Canadian Vehicle Manufacturers’ Association President, Mark A. Nantais says the Canadian Vehicle Manufacturers’ Association (CVMA) applauds the Ontario government’s continued commitment and focus to pursue policies that demonstrate a positive rationale for automotive manufacturing and related investment in Ontario. “The 2019 Ontario …


Data-Driven Commerce is the ‘Game Changer’ for Hospitality Businesses Worldwide English

“This new report provides real strategy to outperform the competition in a rapidly evolving market,” said FreedomPay Founder and CEO, Tom Durovsik Payments innovator, FreedomPay, the global leader in secure commerce technology for lodging, retail, restaurants and other hospitality merchants, today announced the publication of a new Report entitled Hospitality …

Corporate PartnershipsPayment ProcessingPayments

Desjardins Group’s forms Strategic partnership with Global Payments

MONTREAL–Desjardins has signed a long-term partnership with Global Payments, a leading worldwide provider of payment technology and software solutions. This partnership means that Global Payments will be acquiring Desjardins’ entire merchant portfolio, currently housed under the Monetico brand. Starting in March 2020, Desjardins’ equipment will be replaced with Global Payments’ …

Business BankingWealth Management

Scotiabank establishes Global Wealth Management as formal business line,

Global Wealth Management uniquely positioned for growth TORONTO–Scotiabank is establishing Global Wealth Management (GWM) as a distinct business line, given its significant scale, double-digit asset growth over the last few years, and strong continued contribution to all-Bank earnings. “Establishing Global Wealth Management as a distinct business line is a testament …

Industry NewsInvestment SolutionsTrends

Canadian Plan Sponsors Continue to Post Positive Median Returns

Alternative assets outperformed traditional assets for the quarter TORONTO–The median return of the BNY Mellon Canadian Master Trust Universe, a BNY Mellon Global Risk Solutions fund-level tracking service, was +1.66% for the third quarter of 2019 despite slowing global growth indicators. The 1 year median return as of September 30, …