FinTechMergersMergers & Acquisitions

ATB Financial enhancing customer experience with acquisition

EDMONTON, AB–ATB Financial has acquired the technology assets of Grow Technologies Inc. to bring a new, enhanced digital experience to their customers. Through conversations with customers, ATB heard a need for convenient online tools that operate seamlessly so they can quickly open accounts and request loans. With ATB’s acquisition of …

Government NewsLeadership

ASC appoints new Chief Accountant and Chief Financial Officer

CALGARY, AB–The Alberta Securities Commission (ASC) today announced the appointment of Cheryl McGillivray as Chief Accountant and Chief Financial Officer. McGillivray will lead the Office of the Chief Accountant which provides expert knowledge in the areas of accounting, auditing and financial reporting to ASC staff, as well as guidance to …

Business BankingMergers

Vancity Community Investment Bank to Acquire CoPower to Scale Impact Finance Business

This will be the first acquisition of an impact investment firm by a Canadian bank Traditional territory of many Indigenous Nations, including the Haudenosaunee and the treaty territory of The Mississaugas of the Credit/Toronto, ON–Vancity Community Investment Bank (VCIB), Canada’s first values-driven bank and a subsidiary of Vancouver City Savings Credit Union (Vancity), today announced plans …

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 …

Equipment FinanceLeadership

Mercedes-Benz Financial Services Canada makes Management Changes

MISSISSAUGA, ON–Mercedes-Benz Financial Services (MBFS) Canada Corporation, a leading financial services provider and a company of Daimler Mobility AG, is pleased to announce the appointment of James Ryan as President and CEO of the organization. In this role, he will lead the Canadian divisions of Mercedes-Benz Financial Services and Daimler …

Financial ResultsRetail

IKEA Canada grows sales by 6.1 per cent to $2.53 billion

Company continues to transform its business; retailer announces plans to expand and introduce new concepts in Toronto’s city centre BURLINGTON, ON–IKEA Canada announced sales of $2.53 billion for the financial year ending August 31, 2019, an increase of 6.1 per cent on the previous year. Detailed in the company’s 2019 …

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 …

Award WinnersPayments

BMO Wins Aite Group’s 2019 Cash Management and Payments Innovation Award

Award recognizes digital channel capabilities TORONTO–BMO Financial Group today announced it has received Aite Group’s 2019 Impact Innovation Award for Cash Management and Payments for Digital Channel Capabilities. The award recognizes the bank’s efforts to deliver a leading experience for online business banking customers across channels. Aite Group’s Impact Innovation …

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 …