Canada Institutional Investors Increase Crypto Exposure to 39%
In 2023, institutional investors in Canada expanded their exposure to crypto assets, with 39% of KPMG survey respondents dealing with the asset class in some way.
Canada
Bank of Canada Governor Sees Little Impact of Country Budget on Fiscal Track
Bank of Canada Governor Tiff Macklem said that the draft budget of Prime Minister Justin Trudeau did not become a factor of impact that led to changes in the concept of fiscal policy that the financial regulator formed back in November last year.
Canada Sheds Jobs
As a result of March, an unexpected decrease in the number of jobs was recorded in the Canadian labor market.
Mastercard returns as headline partner of Open Banking Expo Canada 2024
Mastercard is confirmed as headline partner for the 2024 Open Banking Expo Canada, scheduled for June 11 in Toronto. This is the second consecutive year of Mastercard’s lead partnership at Canada’s flagship event Open Banking Expo.
AI Startup Cohere Reportedly Targets $5 Billion Valuation
The media reports that the Canadian startup Cohere which specializes in carrying out activities in the artificial intelligence industry, is currently actively negotiating the raising of investment funds for $500 million.
Real Estate Loans Provoke Doubts in Canadian Banks’ Profits
The access of most of Canada’s largest banks to the commercial property market in the United States may cause unpleasant surprises for these financial institutions against the background of deterioration in the quality of some real estate loans.
Golden Ventures Secures $100 Million to Invest in Canada’s Tech Ecosystem
Golden Ventures, a Canadian-based venture capital firm, has closed over its fifth fund of more than $100 million.
Shopify Reports Q4 2023 Earnings
The share price of Shopify Inc. showed the largest drop in more than a year after this company, operating in the sphere of e-commerce, published its financial results for the fourth quarter of 2023 and a forecast for the prospects for the first three months of the current year.
Nuvei Launches Omnichannel Payments Tool
Canadian fintech company Nuvei has announced the launch of an advanced omnichannel payment transaction solution for merchants and commercial platforms.
The safest place to live in Canada
Canada is widely recognized as a secure and peaceful destination for individuals seeking refuge from the high crime rates prevalent in many cities and countries around the world.
Canada Reportedly to Use AI to Combat Money Laundering
The media reports that in Canada it is planned to start using artificial intelligence as a tool to combat money laundering.
Royal Bank of Canada Gets Nod for Purchase of HSBC Unit
Canada at the end of last week approved the implementation of a deal to acquire the internal unit of HSBC by Royal Bank of Canada (RBC) for $10.2 billion.
How many bank holiday in Canada
Bank holidays in Canada are determined at the provincial and territorial levels, resulting in variations across different regions. This means that each province and territory may have its own unique holidays, making the holiday calendar diverse and vibrant.
Xero and Flinks to Enhance Banking Data Access
Xero, a global platform for small businesses, has announced the start of a partnership with Flinks, an open banking company.
TD Bank and Plaid to Simplify Access to Apps
TD Bank Group and fintech company Plaid have announced a joint effort to eliminate the need to provide login credentials to third-party apps for customers of the mentioned financial institution in the United States and Canada.
ConnexPay Adds Acquiring in Canadian Dollars to Its Virtual Card Offering
The ConnexPay payment platform has announced the addition of acquiring in Canadian dollars to its offer for issuing digital cards.
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