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 …
AI Trends 2025 Report Published: Deepfake Threats, Incoming AI Regulations, and Exponential AI Adoption
Info-Tech Research Group’s newly released AI Trends 2025 report provides essential insights into the future of AI strategy, the rapid growth of the AI ecosystem, emerging regulatory landscapes, and the critical challenges posed by deepfake technology TORONTO, ON–As artificial intelligence (AI) continues its exponential expansion across industries, organizations are increasingly …
More Canadians are Concerned about Cyber Crime When it Comes to Online Banking, National Survey Reveals
More than Three Quarters of Canadians are Concerned about Cyber Crime in Online Banking, National Survey Reveals; Nearly as many fear a data breach at their financial institution Toronto/Calgary/Ottawa–With cyber attacks on financial institutions on the rise as artificial intelligence (AI) and other digital technologies become more sophisticated, more than …
How AI Can Detect and Prevent Fraud Across Channels
By Jeffrey Feinstein, PhD, vice president, global analytic strategy, LexisNexis Risk Solutions, and Alanna Shuh, director, fraud and identity, LexisNexis Risk Solutions Fraud is an escalating challenge in Canada, particularly for financial institutions. The 2023 LexisNexis Risk Solutions True Cost of Fraud study indicates that Canadian financial services fraud executives reported …
Canadian executives see operational gains from generative AI, but integration lags: RSM Canada Survey
84 percent of Canadian middle market business leaders surveyed are already seeing positive returns from generative AI integration, though many lack the resources to maximize its potential TORONTO, ON–Seventy-four per cent of midsize Canadian organizations are already adopting generative AI into their business operations, according to a new survey from …
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 …
Nearly 40 percent of CFOs Do Not Completely Trust Their Organization’s Financial Data, According to BlackLine Survey
Year-on-year data also shows that confidence in cash flow visibility remains at a staggering low, with just 2 percent of C-suite and finance and accounting leaders expressing complete confidence LOS ANGELES, CA–New research shows that nearly 40 percent of CFOs around the world do not completely trust the accuracy of …
Millennials Weighed Down By Financial Worries: RBC Poll
by Craig Bannon With the oldest Millennials now into their 40s, RBC and Ipsos recently conducted research to ask this generation (ages 27 to 42) how they were feeling about their finances today and for the future. What our annual RBC Financial Independence Poll showed us is that Millennials are …
Research: Inside Board Directors Boost Odds of Hiring Better CEOs
TORONTO, ON–New research from York University’s Schulich School of Business shows that boards with inside directors make better decisions when it comes to hiring new CEOs. The findings are contained in the paper, “Do Insiders Hire CEOs with High Managerial Talent”, which was recently published in Review of Finance. The …
New survey data highlights potential for Canadian SMEs to increase efficiency
More than half (60 percent) of businesses believe that they will struggle to survive if they they do not embrace digital technology EDMONTON, AB–Canadian Western Bank (CWB) released its new study: Modernizing cash flow management, how technology supports growth among Canada’s small and medium-sized businesses. The report reveals that almost …