CFO News

OCTOBER 24, 2023

The diplomatic tension between India and Canada has led to a halt in new contracts for the import of lentils from Canada. Canada was the largest supplier of lentils to India, accounting for over half of total imports. Importers fear potential retaliatory tariffs from either country.

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Accounting 52

CFO News

SEPTEMBER 21, 2023

India has criticized Canada's allegations of its government agencies' involvement in the killing of Khalistani activist Hardeep Singh Nijjar, calling them prejudiced and politically driven. As a result of the escalating diplomatic row, India has suspended its visa services in Canada.

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CFO News

SEPTEMBER 22, 2023

The diplomatic row between India and Canada has raised concerns among engineering and apparel exporters, who fear disruptions to their shipments to the growing market. Negotiations for a Free Trade Agreement have been paused, adding to the exporters' worries. India's merchandise exports have already fallen in recent months.

Marketing 52

Marketing 52

PYMNTS

SEPTEMBER 2, 2020

Canada’s largest private non-bank payment processor, filed for an initial public offering (IPO) in Canada Tuesday (Sept. The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. Nuvei Corp. and RBC Capital Markets.

Valuation 91

Valuation Currencies Securities Planning 91

CFO News

SEPTEMBER 21, 2023

Indian visa services in Canada have been suspended until further notice, according to BLS International Services. This comes as relations between India and Canada have been strained following Canadian Prime Minister Justin Trudeau's allegation of Indian government involvement in the killing of a banned militant leader.

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PYMNTS

DECEMBER 14, 2020

Chase Bank and Mastercard have partnered with Air Canada to introduce the airline’s Aeroplan credit card in the U.S. based Aeroplan members,” Mark Nasr , vice president of loyalty and eCommerce at Air Canada, said in a press release on Monday (Dec. issuers at Mastercard. . The new Aeroplan card is expected to launch in late 2021.

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eCommerce Banking 92

CFO News

SEPTEMBER 19, 2023

Prime Minister Rishi Sunak's spokesperson at 10 Downing Street in London was asked about the impact the India-Canada diplomatic row may have on India-UK bilateral relations, after a government spokesperson said the UK remains in "close touch" with the Canadian authorities over the issue.

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CFO News

OCTOBER 20, 2023

Canada has issued an updated travel advisory for its citizens in India, urging them to exercise caution due to the threat of terrorist attacks throughout the country. The advisory also warns of potential protests and negative sentiment towards Canada in traditional and social media.

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PYMNTS

JULY 6, 2020

London-based global payments and foreign exchange company moneycorp has announced its expansion into Canada. The firm said it anticipates working with a range of clients in Canada, including high net worth individuals as well as “snowbirds” seeking vacation homes in the U.S. or in other countries.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

PYMNTS

MAY 26, 2020

Facebook Canada has announced a series of initiatives to aid small- to medium-sized businesses (SMBs) during the coronavirus pandemic, including $3.5 million in grants, virtual training classes and new features to help promote SMBs across numerous apps owned by the social media giant, according to a press release.

eCommerce 73

eCommerce Planning B2B 73

PYMNTS

FEBRUARY 19, 2019

Since last year, when Canada legalized recreational pot in full, the nation became a kind of country-sized lab for how that new business would play out. That said, payments providers are indeed working hard to fill in the gaps when it comes to the growing cannabis business , both in Canada and the U.S. Cannabis Spending.

Compliance 71

Compliance Banking Sales Finance 71

PYMNTS

DECEMBER 16, 2019

The Payments Canada Board of Directors has announced the appointment of Tracey Black as new president and CEO, replacing Gerry Gaetz. Tracey joined Payments Canada in 2018 to lead the payments Modernization program. Payments Canada wants to help modernize the infrastructure, standards and rules that govern payments in the country.

Leadership 53

Leadership Planning 53

PYMNTS

FEBRUARY 7, 2020

Air Canada has announced that it is introducing a brand new payment option for Canadian customers when they’re buying tickets on aircanada.com: PayPal. Having now made PayPal available for ticket sales in Canada, we will look to expand the program to other markets as opportunities arise.”.

Leverage 76

Leverage eCommerce Securities Sales 76

PYMNTS

SEPTEMBER 18, 2019

Cross-border payments provider InstaReM is rolling out its digital money transfer services in Canada, the company said in a press release. By launching in Canada, the Thailand-based startup is strengthening its North American presence. The large expat population in Canada makes it a front-runner in global remittance-sending.

Startups 65

Startups Banking Retail Marketing 65

PYMNTS

MAY 22, 2019

Mastercard and Interac, the global and domestic payment networks, announced Wednesday (May 22) they are collaborating to offer customers in Canada a fast and easy way to send money internationally. That will enable customers to send money from Canada to bank accounts in Europe. Numerous businesses in Canada operate global marketplaces.

Leverage 76

Leverage Banking Securities Accounting 76

PYMNTS

JUNE 7, 2019

MoneyGram and Canada Post have teamed up for a digital money transfer service that allows users to complete transactions at select Canada Post locations all over the country, according to a release. “To ” John Reis, Canada Post general manager, retail, said the partnership is good for both companies. million addresses.

Securities 79

Securities Retail 79

PYMNTS

FEBRUARY 24, 2019

to Canada and the Middle East. We have plans for Canada, imminently. According to a report in OracleTimes , Mercury FX chief executive Alastair Constance said during the Ripple Regionals 2019, a company event held in London, that it will use xRapid for payments from the U.K. We have plans for the Middle East.

Currencies 81

Currencies Planning Marketing Technology 81

PYMNTS

AUGUST 15, 2019

To deliver groceries to hundreds more communities across Canada, Walmart Canada and Instacart unveiled the national expansion of their relationship. It will bring grocery delivery services that are on-demand from almost 200 Walmart locations across Canada in as soon as an hour, according to an announcement.

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Retail 53

PYMNTS

DECEMBER 9, 2019

has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. The company obtained a money service business (MSB) license in Canada, and it said the procurement of the license was its first step in expanding more deeply into North America. Paysend , a FinTech out of the U.K.,

Prioritization 52

Prioritization Currencies Banking Numbers 52

PYMNTS

JULY 2, 2019

The two payments firms announced on Tuesday (July 2) the launch of PayPal’s Instant Transfer in Canada for SMBs and individual consumers. This announcement concerning Canada follows the launch in March of Instant Transfer to bank for qualified individual and business customers in the United States. Australia, Italy and Spain.

Accounting 79

Accounting Banking Securities Sales 79

PYMNTS

APRIL 21, 2020

The Royal Bank of Canada (RBC) is one such FI that recently rolled out digital government identity verification capabilities, allowing customers to verify their identities using its RBC mobile app. and 34 other countries. The technology is available at bank branches and remotely via mobile and its website.

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Accounting Banking Securities Communication 121

CFO Dive

NOVEMBER 3, 2023

The Royal Bank of Canada’s $6 million SEC penalty comes as FASB is updating U.S. guidance for tracking software costs for the first time in decades.

Accounting 270

Accounting Banking 270

PYMNTS

DECEMBER 9, 2019

has received a license to operate in Canada in a move that will expand the company’s global reach, according to reports. The company obtained a money service business (MSB) license in Canada, and it said the procurement of the license was its first step in expanding more deeply into North America. Paysend , a FinTech out of the U.K.,

Prioritization 52

Prioritization Currencies Banking Numbers 52

PYMNTS

FEBRUARY 25, 2020

The Central Bank of Canada said that while it will not be issuing a digital currency anytime soon, it will still develop a blueprint in case a pressing need becomes apparent, according to a report by Bloomberg. The Bank of Canada is looking at two potential scenarios in which it will create a digital currency. 25) in Montreal.

Currencies 53

Currencies Banking 53

PYMNTS

NOVEMBER 13, 2020

In Canada , one of the most popular means of instant payments is the Interac eTransfer service, which facilitates real-time movement of funds from one account to another.

Reconciliations 75

Reconciliations Leverage Economics Finance 75

PYMNTS

MARCH 8, 2019

Alternative small business lending firm Funding Circle has announced plans to launch in Canada. The company issued a press release Thursday (March 7) announcing it will add Canada to the list of jurisdictions in which it operates, which currently include the U.S., Germany and the Netherlands. Funding Circle’s U.K.

Planning 59

Planning Finance Marketing B2B 59

PYMNTS

JUNE 16, 2020

Using Remitr’s Global Business Accounts (GBA), small- to medium-sized businesses (SMBs) in Canada can access unique accounts in U.S. Toronto’s Remitr , which works in business payments, has launched a new solution for setting up international payments in a quicker, more efficient manner, according to a press release.

Accounting 64

Accounting Currencies eCommerce Banking 64

PYMNTS

DECEMBER 23, 2019

Powered by Visa Direct, the latest solution — TD Bank (US) to TD (Canada) Transfer — enables real-time transfers for Canadian users to move money from their U.S. TD Bank accounts quickly and easily. . Visa’s real-time push payments capability has handled 2 billion transactions in the past year.

Banking 72

Banking Accounting Planning 72

PYMNTS

JANUARY 21, 2020

Those countries include Australia, Canada and the U.K. Amazon filed for the patent in Canada on Jan 9. Amazon has filed for a trademark for Amazon Pharmacy in several countries, according to a report by CNBC. of this year, according to the Canadian Intellectual Property Office website.

Healthcare 52

Healthcare eCommerce Planning Retail 52

PYMNTS

OCTOBER 10, 2018

Walmart Canada has done some preliminary fact-finding on this issue, but we do not have plans to carry CBD products at this time,” company spokeswoman Diane Medeiros told Reuters. This month, Canada will become the first major economy to legalize recreational marijuana.

Planning 51

Planning Retail Sales Investments 51

PYMNTS

DECEMBER 4, 2020

SellersFunding , which works in integrated financial services, has announced an expansion of its scope to sellers in other countries like Canada, the United Kingdom and the European Union, according to a press release. SellersFunding works with a turnkey service for big companies, including Amazon , Shopify and Magento , the release stated.

eCommerce 60

eCommerce Currencies Sales Technology 60

PYMNTS

NOVEMBER 12, 2020

In today’s top payments news around the world, Visa is rolling out a new program meant to link European financial institutions (FIs) and merchants with cutting-edge digital payment offerings, Payments Canada is teaming with Mastercard’s Vocalink to advance a new Real-Time Rail (RTR) payment system. The RTR is forecasted to roll out in 2022.

Risk Management 57

Risk Management Compliance Forecasting Banking 57

PYMNTS

OCTOBER 30, 2019

Uber Freight is rolling out to Canada after bringing its technology to European customers across the Netherlands and Germany earlier this year, the company announced in a blog post on Wednesday (Oct. Midwestern and Northeastern states, with plans to expand to the rest of Canada. such as the shortage of drivers.

Forecasting 40

Forecasting Investments Planning Technology 40

PYMNTS

OCTOBER 30, 2019

Uber Freight is rolling out to Canada after bringing its technology to European customers across the Netherlands and Germany earlier this year, the company announced in a blog post on Wednesday (Oct. Midwestern and Northeastern states, with plans to expand to the rest of Canada. such as the shortage of drivers.

Forecasting 40

Forecasting Investments Planning Technology 40

PYMNTS

APRIL 3, 2019

OnDeck has closed the merger between its Canadian operations and small business lender Evolocity Financial Group, also based in Canada. The combined business will continue operating under the OnDeck Canada name as one of the largest small business lenders in the country, OnDeck said. Financial details of the deal were not made public.

Banking 43

Banking Finance Investments B2B 43

PYMNTS

MARCH 3, 2017

Mastercard is collaborating with Startup Canada to promote startup innovation in the country, the firms announced Thursday (Mar. Startup Canada, a group supporting the nation’s 2.3 Mastercard said it is the presenting sponsor of Startup Canada’s latest initiative, #StartupGov, which helps innovators and politicians collaborate.

Startups 57

Startups Education Finance Technology 57

PYMNTS

OCTOBER 18, 2019

The Bank of Canada is thinking about launching its own digital currency. A document titled “Central Bank Money: The Next Generation,” part of a two-year research project, was reportedly presented to the current Bank of Canada Governor Stephen Poloz in 2018.

Currencies 40

Currencies Compliance Banking Securities 40