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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Alterna Bank debuts new website
OTTAWA–Alterna Bank has reached a milestone on its digital journey with the launch of its new website at www.alternabank.ca. 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 …
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 …