Business BankingFinancial ResultsIndustry News

Desjardins Group records surplus earnings of $570 million for the third quarter

$106 million returned to members and the community LÉVIS, QC–For the quarter ended September 30, 2019, Desjardins Group, Canada’s leading financial cooperative group, recorded surplus earnings before member dividends of $570 million, unchanged from the same quarter of 2018. These results were driven by a strong performance in the caisse …

Industry NewsIntegrated Payments

Sezzle, ‘Buy Now, Pay Later’ Payments Innovator, Invests in Canadian Marketplace

Sezzle will add payments, technology industry veteran Patrick Chan as General Manager for Canada, opening Toronto headquarters to serve the Canadian market MINNEAPOLIS and TORONTO, ON–Sezzle Inc., the highest consumer-rated interest-free installment payment solution, today announced a number of key investments aimed at positioning the company as the premier ‘buy …

Canadian Equipment Finance Fall 2019 IssueIndustry NewsRegulatory Issues

The Future with CUSMA

By Brendan Read The Canada-United States-Mexico Agreement (CUSMA), also known as the USMCA will, when, (but increasingly looking like ‘if’) ratified, provide a renewed foundation for trade between all three countries. CUSMA is to replace the North American Free Trade Agreement (NAFTA). CUSMA was signed by Prime Minister Justin Trudeau, …

Award WinnersFinTechIndustry News

Peter Brereton of Tecsys Inc. Named EY Entrepreneur Of The Year Quebec, Technology

Peter Brereton of Tecsys Inc. Named EY Entrepreneur Of The Year® 2019 Quebec for Technology MONTREAL, QC—Ernst & Young LLP has named Tecsys Inc. President and CEO Peter Brereton an Entrepreneur Of The Year® 2019 Quebec Award winner in the Technology category. Entrepreneur Of The Year® recognizes entrepreneurs who demonstrate …

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 …

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 …

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 …

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, …

Industry NewsRegulatory Issues

OPSEU First Vice-President/Treasurer: Capping wages is a waste of time, effort, and money

TORONTO–OPSEU’S First Vice-President-Treasurer is going to Queen’s Park on Monday to put the Ford government on notice its legislation to trample the collective bargaining rights of public sector workers could be yet another expensive boondoggle. “Climate change. Hallway health care. The gender pay gap. The high cost of housing and …