Financial Services

• Edmonton-based CWB Financial reports Q2 profit down as provisions for credit losses soar

  CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.

  Money

  May 29, 2020
  
• Macquarie Group closes down equity sales, trading and research businesses in Canada

  Australian financial services firm Macquarie Group is shutting down its equity sales, trading and research businesses across Canada, the company confirmed.

  Money

  Apr 29, 2019
  
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• Defunct payday lender Cash Store accused of disclosure violations

  The Alberta Securities Commission is accusing defunct payday lender Cash Store Financial Services Inc. and two of its executives of failing to file proper financial statements.

  Crime

  Nov 16, 2017
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• Ontario to equip investment regulators with more tools to collect fines

  Ontario's finance minister says he will introduce legislation to allow financial services regulators to better collect fines, such as those levied against unscrupulous advisers.

  Canada

  Mar 31, 2017
• Canadians becoming less dependent on banks: online survey

  A new survey from EY suggests Canadians are becoming less dependent upon their banks as the main providers of financial services.

  Canada

  Oct 21, 2016
• Big banks eye closer ties to financial tech startups

  Experts suggest more startups specializing in financial services such as online lending will partner with Canada's incumbent lenders in 2016.

  Money

  Dec 14, 2015
• Ontario to introduce legislation on use of high-cost alternative financial services

  avid Orazietti, Minister of Government and Consumer Services, will make an announcement about strengthening consumer financial protection for Ontarians.

  Consumer

  Dec 9, 2015