The Real-Time Rail: Where are we now?
By Jude Pinto Since announcing renewed momentum with a stronger path forward earlier this year, Payments Canada and our delivery partners, CGI, IBM and Interac, have made significant progress on the Real-Time Rail (RTR). In late summer, we successfully commenced the build of the real-time clearing and settlement component of …
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 …
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 …
Dye & Durham Releases its Value Creation Plan
Value Creation Plan outlines path for driving sustained value for all stakeholders, and illustrates Dye & Durham’s track record of capital allocation TORONTO, ON–Dye & Durham Limited announced the release of a detailed presentation to shareholders that outlines Dye & Durham’s ‘Value Creation Plan’, to continue driving sustainable long term …
Merchant Opportunities Fund Wins 2024 Canadian Hedge Fund Award for Best 3-Year Return
VANCOUVER, BC,–The Merchant Opportunities Fund, a Vancouver-based private credit fund focused on investing in specialty finance portfolios, is proud to announce that it has been awarded the prestigious 2024 Canadian Hedge Fund Award for Best 3-Year Return in the Private Debt category. This award underscores the Fund’s commitment to delivering …
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 …
Canada launches Canadian Artificial Intelligence Safety Institute
Institute a centrepiece of Canada’s commitment to the safe development and deployment of artificial intelligence technology MONTRÉAL, QC—Rapid advances in artificial intelligence (AI) have underscored both the promise and the risks associated with this transformative technology. Ensuring the safety and the responsible use of AI systems is a top priority …
Should Canada’s Big Six Banks Partner with Digital Challengers?
By André Gagné, CEO GFT Canada With investment in Canada’s fintech sector reaching a record high already this year, consumers have more choices than ever before when it comes to deciding where to entrust their money. And as the government’s 2025 target for launching a regulated open banking framework approaches, …
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 …