Industry NewsInsurance

Hub International Acquires Ontario-Based usefulideas

TORONTO, ON–Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired JM Rose Insurance Agency Limited, d/b/a usefulideas® (usefulideas®). Terms of the transaction were not disclosed. Headquartered in Toronto, Ontario, Canada, usefulideas® is a full-service business consultancy, employee benefits and group retirement firm. Joanne Rose, …

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Industry News

Canada Life cuts group health insurance premiums to support Canadians and business customers during COVID-19

“Issuing premium credits is the fastest way to give group customers immediate relief”: Macoun WINNIPEG, MB–The Canada Life Assurance Company is cutting group health insurance premiums for its employer-sponsored group benefits plans to support Canadians and small- and medium-sized businesses facing hardship as a result of the global COVID-19 outbreak. …

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Equipment FinanceFleet ManagementIndustry News

Fleet Complete Offers Free Service until July 31st to Customers with GM Vehicles

To help with the impact of COVID-19 on businesses in North America; offer aims to help fleet owners establish remote fleet management operations and comply with guidelines TORONTO, ON–Fleet Complete, the fastest-growing global provider of connected vehicle solutions, today announced its fleet assistance program with free service until July 31, …

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Industry News

Insights on Canadian bank capital and dividends amid crisis

OTTAWA, ON–The current economic instability caused by the COVID-19 pandemic has raised questions around the world about how best to approach bank capital requirements and the resulting implications for bank dividend policies. This statement provides an overview of the existing regime in Canada. All of the countries represented on the …

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Industry News

Building the Digital ID foundation

By Neil Butters The payments industry has already made significant progress helping Canadians adopt and embrace new technologies, such as contactless and digital payments. Now it’s time to apply what we’ve learned to the development of a truly digital ID that will help people unlock the full potential of the …

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Industry News

Bridging the cash and digital worlds

By Molly Shea The cash versus cashless debate has been well-argued for years now, with many people putting their eggs in one basket or the other: either making the case for a completely cashless society or arguing why physical currency is still valuable. While you probably carry less cash than …

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AP SystemsFinTechIndustry News

VersaFile now providing Hyland Accounts Payable Solutions to Western Canadian Market

VersaFile is now offering AP Solutions built on Hyland’s OnBase Platform that lower costs and streamline AP operations VANCOUVER, BC–BC-based enterprise content, process, and automation solutions provider, VersaFile, is now providing Accounts Payable Solutions built on the Hyland OnBase platform. Hyland Software partnered with VersaFile based on their expertise, core …

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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 …

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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 …

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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, …

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