Business BankingEntrepreneursIndustry Trends

Canada’s Future Economic Engine: TD Survey Finds 3 in 4 Gen Zs Want to Run Their Own Business

Gen Z is leading in hustle but lagging in asking for help: 77% of respondents would feel more confident starting or growing a business with a trusted small business advisor or mentor TORONTO, ON–A big wave of Canadian entrepreneurs is potentially on the horizon. A new TD Survey reveals that …

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EducationIndustry Trends

New Survey Reveals Burnout Is Costing Canadian Employers Millions — But There’s a Way Forward

WINNIPEG, MB–A new national survey reveals a troubling rise in workplace burnout, with nearly 39% of Canadian employees reporting they feel burnt out–a concerning increase from 2023. The findings show that burnout is not just a wellness issue–it’s a business issue. For a company with 500 employees, burnout-related productivity losses …

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Advisory & ConsultingIndustry TrendsWealth Management

Economic unease has Canadians thinking about financial plans, but those without a plan are less confident in retirement, KPMG poll finds

Canadians with professional financial plans are more confident about their finances, while the technology vs. human advisor divide is stark between generations TORONTO, ON–While economic uncertainty has increased Canadians’ concerns about their finances, a new report from KPMG in Canada shows that those who have a professional financial plan are …

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CybersecurityFraud & IdentityIndustry Trends

Cyber Resilience for the Financial Sector: Solutions for Current and Emerging Challenges

By Ruchir Kumar A recent ISA Cybersecurity survey revealed that 76 percent of Canadians polled are concerned about their financial institution’s ability to maintain the security of their personal information. Their concerns aren’t unfounded: 32 percent of financial services organizations in 2023 global survey on the state of security reported …

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Advisory & ConsultingFinancial AdvisoryIndustry Trends

Finding Growth Opportunities in Canada’s High Inflation, Low Growth Economy

By Stephen Johnston As Canada confronts the dual challenges of high inflation and low growth, the specter of stagflation looms large. Stagflation, which refers to below-trend economic growth combined with above-trend inflation, erodes real GDP per capita and poses significant challenges for investors. The current macroeconomic and regulatory environment in …

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Industry TrendsMarket Research

Interac survey reveals newcomers lose financial confidence after arrival in Canada

Decreased confidence underscores urgency for effective resources TORONTO, ON–Newcomers are experiencing challenges with their financial confidence. A recent survey by Interac Corp. reveals that starting a new life in Canada can cause a significant drop in financial confidence for newcomers. While a majority (61 per cent) of newcomers surveyed felt …

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Business BankingIndustry Trends

ISO20022: HOW CANADA CAN BANK ON EUROPE’S SUCCESS

by Sandrine Garin, CPO at Intix After several false starts, Canada finally appears to be on the path towards the widespread adoption of ISO 20022, the international standard for electronic data interchange in financial services. At the time of writing, Canadian businesses are in the midst of embracing this standard …

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Financial AnalyticsIndustry TrendsPension Plans

Overall financial health of Canadian DB pension plans remains strong: Mercer

TORONTO, ON–The financial health of Canadian defined benefit (DB) plans was volatile in the second quarter of 2024, with plans’ overall funded positions at the end of the quarter in a position similar to that at the beginning of the quarter. The Mercer Pension Health Pulse (MPHP), a measure that …

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Industry TrendsMarket Research

Five Canadian cities ranked among most expensive in the world for international employees; Hong Kong is leader

Determinations come from Mercer’s 2024 Cost of Living City Ranking TORONTO, ON–For the third consecutive year, Toronto is the most expensive city in Canada for international employees, according to the results of Mercer’s new 2024 Cost of Living City Ranking. Mercer, a business of Marsh McLennan and a global leader …

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Industry TrendsLending

CANADIANS GEARING UP TO RE-ENTER THE HOUSING MARKET DESPITE DECLINING CONFIDENCE IN THE ECONOMY

Less than one-in-ten Canadians believe we’ll avoid a recession in the next 12 months; Nearly half of Canadians think that lawyers and notaries would benefit from incorporating more technology into their services TORONTO, ON–Canadians remain seriously concerned about the state of the economy heading into 2024, but their patience for …

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