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Europe's Economic Crossroads: Recession Fears and S&P Global's
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CryptoCurrency
Toronto Kidnapping: Crypto Firm’s CEO Freed After CAD 1 Million Ransom
2024-11-10T07:23:04.201+02:00
Dean Skurka was abducted during rush hour in Toronto; client funds remain unaffected.
Meanwhile, Consensus 2025, a major crypto event, is scheduled to take place in Toronto in May.
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CryptoCurrency
Transak Secures Dual Licenses in Canada and Delaware for Crypto Access
2024-11-01T14:20:05.651+02:00
The firm secured the second Money Transmitter License from Delaware, following one from Alabama.
The company is registered with FINTRAC in Canada to operate as a Money Services Business.
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CryptoCurrency
Coinbase Named Official Partner of Canadian Football League
2024-10-24T20:31:08.545+02:00
CFL fans will reportedly participate in crypto-related promotions.
These include $25 in Bitcoin for trading on the Coinbase app or website.
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CryptoCurrency
Canada's Crypto Firms Get More Time to Comply with Stablecoin Rules
2024-09-27T17:34:37.622+02:00
The regulator has extended the compliance deadline to December 31, 2024.
CSA has cited technical challenges faced by crypto platforms.
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Payments
Stripe Scales Up with New Toronto Office amid 50% Growth in Payment Volume
2024-09-27T10:28:33.717+02:00
The firm offers products like Tap to Pay on iPhone and usage-based billing to assist Canadian businesses.
The company is hiring for engineering, product management, sales, and design roles at its new office.
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Retail FX
Webull Canada Launches Options Trading for Hedging and Diversification
2024-09-24T15:33:16.329+02:00
The newly introduced service provides tools for market engagement and income generation.
The firm recently launched TFSAs, RRSPs, and a cash management product.
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Trending
Canada Strikes Gold (and Oil) in an Unexpected Trade Windfall
2024-08-07T10:19:54.313+02:00
The country sees increased oil and gold exports propel it into a surprise trade surplus.
Canada's trade balances turn positive as exports rise by 5.5%.
The surge is linked to the opening of a new oil pipeline serving Asian-Pacific markets.
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Brokers
StoneX Makes Waves with Montreal Exchange and ASX Membership
2024-08-01T18:34:12.823+02:00
The firm allows clients to exploit CME–TMX spread opportunities following its TMX entry.
The new status has followed the entry as a member of the ASX in April 2024.
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Thought Leaders
The Impact of Provincial and Federal Tax Changes on Toronto Residents
2024-07-31T10:14:58.835+02:00
Navigating tax changes is vital for Toronto residents' financial planning.
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Retail FX
Canadian Securities Regulator Uncovers Social Media Investment Scams
2024-07-09T18:02:06.301+02:00
The regulator warned against scammers who artificially inflate stock prices by heavily promoting shares they own and then selling them once prices peak, causing losses for new investors.
Other fraudsters initially discuss well-known stocks but later steer investors towards riskier, less familiar stocks listed abroad, such as in Hong Kong.
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Institutional FX
dxFeed Expands Market Reach with Cboe One Canada Summary Feed
2024-07-03T16:12:18.581+02:00
The Feed covers over 260 listed securities and 15% of the Canadian market volume.
This addition offers more market coverage, historical charting, and advanced analytics.
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Retail FX
Webull Canada Enhances Investment Options with TFSA and RRSP Accounts
2024-06-25T15:18:58.309+02:00
TFSAs allow tax-free growth on investments, while RRSPs offer a savings plan for retirement contributions.
New accounts have followed Webull Canada's high-interest cash management launch.
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FinTech
Adyen Expands Canadian Operations with Toronto Office, Appoints New Head of Sales
2024-06-06T20:01:54.519+02:00
The fintech firm has appointed Ilona Fagyas as Head of Sales for Adyen Canada.
Since 2020, Adyen has expanded its Canadian team to 26 employees.
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Retail FX
Canada's Questrade Integrates TradingView to Enhance Market Access
2024-05-28T15:53:22.086+02:00
This offering enables users to access market data, manage accounts, execute trades, and analyze markets.
To connect, users navigate to the trading panel, click the Questrade icon, and enter broker account credentials.
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Institutional FX
Canada Shifts to T+1 Settlement Cycle, US to Follow Tomorrow
2024-05-27T17:58:53.815+02:00
CSA reduced the time for matching institutional trades to T+1 today (Monday).
Starting June 3, 2024, Canada's securities auctions will adhere to the new settlement cycle.
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FinTech
Square Taps into the Canadian Market with iPhone Payment Feature Launch
2024-05-23T18:15:39.829+02:00
The feature is included in iOS apps like Point of Sale, Retail, and Appointments.
Sellers open the app, add the transaction, and buyers complete payment by tapping their contactless method.
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CryptoCurrency
Canadian “Crypto King” Arrested and Charged for $30 Million Fraud
2024-05-16T07:31:05.137+02:00
The authorities charged him with fraud and money laundering.
He was released on a $100,000 bail bond, signed by his parents.
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FinTech
Broadridge Strengthens Presence in Canada with Acquisition of Wealth Management Platform
2024-05-13T15:51:22.773+02:00
Kyndryl plans to collaborate with Broadridge Canada to provide managed services to SIS.
Broadridge has appointed RBC Capital Markets as a financial advisor for the acquisition.
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News
Binance Faces $4.38M Fine from Canada's Anti-Money Laundering Watchdog
2024-05-09T17:53:38.514+02:00
The firm failed to register with FINTRAC and omitted reporting over 5,900 virtual currency transactions.
It halted operations in Canada last year, leading to queries about its regulatory compliance.
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Payments
Unlocking the Financial Vault: Canada's Open Banking Revolution
2024-04-22T18:00:00.000+02:00
The road ahead.
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Payments
The Loonie Goes Lightning Fast: Canada's Real-Time Payments Revolution
2024-04-17T18:00:00.000+02:00
Rewriting the very fabric of Canadian finance.
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FinTech
Airwallex Targets Canadian Businesses with Virtual Visa Cards
2024-04-10T20:02:48.335+02:00
This offering allows businesses to facilitate transactions in various currencies.
The payment firm plans to integrate Apple Pay and Google Pay.
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CryptoCurrency
Coinbase Receives Official Registration as Canadian Restricted Dealer
2024-04-04T16:48:24.346+02:00
The registration process has been in progress since March 2023.
A survey found that 29% of Canadians are inclined to buy crypto with stricter regulations.
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Retail FX
Canadian Regulator Sounds Alarm on Rising Investment Frauds
2024-03-08T12:15:32.601+02:00
It urged people to verify information sources before making any decision.
The caution came when social media was flooded with financial advice.
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Retail FX
Delete That Fake Email Now, Warns Canadian Financial Regulator
2024-02-22T11:02:42.470+02:00
CSA warns of email scams posing as its Chairman, targeting registrants for phishing.
According to the regulator, no CSA systems were breached.
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