Taxes are going up, TO condo prices are going down and recreational property up 15% to 40% in the Canadian market.

How the US will Inflate its Debt Away

Government can inflate its way out of debt.
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Why are Interest rates not falling.

A look at why interest rates are not falling despite UK economy going into recession. Is the Bank of England making a miscalculation to focus on inflation rather than growth?
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Goldman Sachs’ top AI picks

Brook Dane, portfolio manager at Goldman Sachs Asset Management, joins The Exchange to discuss the firm\'s top AI picks and the reasoning behind these picks.
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Does Printing Money Cause Inflation?

The link between the money supply and inflation.
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HSBC, the Untouchable Titan of Global Finance

From the filmmaker behind \'Goldman Sachs: The Bank that Rules the World\' comes a compelling new exposé delving into corruption within one of the globe\'s premier financial institutions – HSBC.
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US Economist’s Shock Warning: “Biggest Crash in Ou

This time, it’s got to crash 86% for the S&P 500 just to get back to the last low in early 2009, cautions Harry Dent
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Toni Gravelle Speech

On December 7, 2023, Deputy Governor Toni Gravelle speaks before the Windsor-Essex Regional Chamber of Commerce.
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Alberta Premier on the Supreme Court\'s ruling, an

Danielle Smith, Alberta\'s Premier, joins BNN Bloomberg to discuss the Supreme Court\'s ruling against Ottawa\'s environmental impact law, and the possibility of Alberta abandoning the Canada Pension Plan to run its own stand-alone fund.
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What Bank of America Just Said is Shocking

Bull market based on hype not reality.
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Horrific Canadian Banking Corruption Right Before

Fasten your seat belts as the banks continue moral hazard.
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The Banking System is in Free-Fall

Fall as Deposits Leave in Record Numbers Amid a Collapse in Lending
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The Financialization of Real Estate

REITS, private investors, private equity are using housing to prime their portfolios.
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Bitcoin regulations are coming

Lovers and haters of Bitcoin are polarized over the Ponzi. One thing is clear, regulations are coming.
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Are we in a bubble and, if so, when will it pop?

Since 2008 Canada has been pushing home prices higher. Canadian homes are considered by many to be the least affordable of all G20 nations. What gives?
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Canadian real estate and government, March 29

The latest Canadian real estate and government news. Risk of collapse, end of QE and rate rise are some of the issues discussed. Also the governments poor foreign policies on Ukraine are covered.
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FIRE report January 12th

Indigenous banking part 2 a continuation of earlier discussion of First Nations Bank. Other news:-Inflation-M&A under scrutiny-RBC has eyes on Europe
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BOC and reconciliation with Indigenous people

The Bank of Canada and other central banks, in conjunction with indigenous leaders want reconciliation and better economic outcomes for individuals. This video explores what is happening, gives the back story and sets the stage for a more in-depth analysis.
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Nov 26 FIRE report

Inflation and tariffs hit Trudeau in the face. Oil route as new strain goes viral. BNPL benefits questioned and investors open their wallets to receive dividends.
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FSIM FIRE report Nov 23

Duobank/Fairstone merger & Amozon boycott of Visa along with recent banking, insurance and real estate news from Canada.
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Nov 18th FIRE report

The latest financial news from the financial services industry monitor. Insurance companies should know that in 1990 BC flooding devastated the same flood plains as today. This report features coverage of insane inflation, interest rates hikes and the ongoing real estate melt-up.
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Poloz debunked, Nov 12 FIRE report

Poloz is wrong about inflation, university pension funds are out of their league, Home Capital run away, real estate wars and more from the financial services industry monitor.
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Central bank digital currencies: foundational prin

Central bank digital currencies: foundational principles and core features
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Nov 5th FIRE report

Topics todayDividends are backHigher interest rates are comingCOP26: Central bankers making miners richTO real estate melt-up
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FIRE report November 2nd

The latest Canadian FIRE news covering inflation risk and opportunities, Canadian Western bank expansion, governance and stablecoins.
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Canadian real estate February 24

Recap of recent real estate news in Canada. Tiff Macklem and market exuberance, cottage country price appreciation and the rise of lumber prices.
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Real estate: Feb 9, bulls vs bears

Bulls versus the bears, this week in the Canadian real estate industry.
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Feb 1, The Dumb Money Real Estate Vid

We a living a ponzi real estate market and the economy is at risk. Yet Doug Porter, economist BMO, is on record as saying Candian\'s want to pay more for houses. Yes, you can\'t make this stuff up. This video discusses the issues related to Porter\'s statement and explains why he is wrong.
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January real estate report 2021

2020 was a record year, except for condos. Montreal REM sites the exception to this rule. This video shares insights regarding the Canadian real estate segment.
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December 4th real estate report

Taxes are going up, TO condo prices are going down and recreational property up 15% to 40% in the Canadian market.
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Real estate, mortgage debt to income ratio improve

The mortgage debt to income ratio declined despite the pandemic. In this issue I discuss real estate stalling and immigration's impact on home prices.
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Real estate: fiscal conservatism/ponzi neoliberali

This video is intended to give viewers an understanding of the economic ideas behind Canada's potential housing bubble. This video also explains why Siddal, President and CEO of the CMHC, was likely pushed from his post.
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Caution for real estate investors, Oct 14th report

October 14th real estate report describing the issues in the market the last two weeks.
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Canadian bank industry overview - part 1

Overview of Canadian banking industry. This multi-part series looks at issues facing Canadian banks from a variety of angles. Part 1 examines the types of banks and scale using ROE and EBITDA as measures.
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Why insurance should partner with flood-claim.com

'Pros on the Go', a Fierce Tartan company are seeking insurance partners to pilot its new solution for streamlining the claims process.
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Canadian large bank comparison

Using financial data, Mark Sibthorpe compares the performance of TD bank to its rivals. TD grew faster in 2017 than its rivals, but was cited for aggressive sales practices.
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Current state of fintech in Canada

Mr. Michael R. King, Tangerine Chair in Finance and Co-Director, Scotiabank Digital Banking Lab / Ivey Business School at Western University
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XE.com explains their Big Data and AI strategy.

This video covers XE.com's presentation at the AI, Big Data and Analytics event which took place in Toronto February 7/8, 2018. Cecelia Tamez and Jean Louis provide insights into their evolution and winning strategy.
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Greenpeace urges TD bank boycott

Greenpeace's campaign to stop TD financing the oil sands is delusional. Trillions of dollars are at stake for the banks and the Canadian economy. This video explores the related financial issues.
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Insurance flood US vs Can comparison.

This video provides an overview of the main differences between Canada's approach to overland flooding versus the US approach.
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Canadian bank industry overview part 5

Canadian bank overview part 5, medium-large banks. Banks include Manulife, Tangerine and Laurentian Bank.
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Canadian banking industry overview part 4

Canadian banking industry overview of Canadian Tire Bank, Presidents Choice Financial, Equitable Bank, B2B Bank
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Part 3 Canadian bank industry overview

Overview of small-medium size banks in Canada. Banks covered include Versabank, Hollis Bank, Equity Bank and Caisse Populaire Acadienne.
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Canadian banking overview - part 2

Review of small banks including Bridgewater,Vancity Bank, Concentra, Wealth One, Zag...
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Death to bitcoin, long live bitcoin

Jamie Dimon calls bitcoin a fraud used by criminals, yet he has jumped into the blockchain with both feet.
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RBC to integrate Wave Technologies

RBC invested $24 million into Wave Technologies and now they will roll out Waves accounting, invoicing, reporting and billing platform to SMEs.
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Deposits have skyrocketed since the start of the p

Canadian banks have increased their deposits by $127 billion since the start of the pandemic. This video uses charts to show which banks gained the most and how.
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About

About BankNews TV: financial services industry monitor (FSIM), analytics and research

Latest news and events for Canadian financial service companies, analytics, fintech and AI. BankNews.TV provide the latest technology news and reports for banks and insurance companies looking to compete in a rapidly changing market.

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Research

Part 2: The Merchant Loyalty Industrial Complex Collapse  

fsim.ca/docs/Credit_cards_Part_2v4.pdf

Mark Sibthorpe

Since November 2, 2021, Loyalty Ventures Inc.'s (Airmiles) market cap has decreased from $861.42M to $2.11M, a decrease of -99.75%. This compares closely to 2018, when Aimia sold Aeroplan back to Air Canada and partners TD and CIBC for $238 million. For reference, in 2005 Aeroplan launched an IPO valuing it at $2 billion. Related to Aimia’s downfall, it had also previously sold the UK Nectar program to Sainsburys for $120 million, $580 million lower than it paid for Nectar in 2007.

This report digs under the surface and uncovers why loyalty is going the way of the dodo.


Merchants should not waste time fighting card networks  

fsim.ca/docs/Card_fees_ongoing.pdf

Mark Sibthorpe

This is part one of a two part assessment of merchant frustration due to high credit card fees. The second part of this report will outline an alternative approach that merchants can consider. An approach that is a win for them and also for the card networks.


The full story of SVB March 12th, 2023  

fsim.ca/docs/SVB_special_report2.pdf

Mark Sibthorpe

Aggregated news and research related to SVB. Apart from SVB, included in this report is related news with respect to other banks and non-traditional companies looking to add financial services that also appear risky.


March 2023 bank earnings summary  

fsim.ca/docs/bankearningsfriday.pdf

Mark Sibthorpe

This report provides a snapshot into recent bank earnings and related news as published in fsim.ca reports.


Real estate report: October 30th, 2020  

fsim.ca/docs/Oct30rereportv1.pdf

Mark Sibthorpe

The big buzz in real estate recently is Mark Carney being scooped up by Brookfield. This means more juice for riskier borrowers. Brookfield, a huge player in real estate, both residential and commercial, recently bought its remaining shares from Sagen (Genworth MI Canada), which values the company at $3.8 bn.


VersaBank’s New High-Security VPN Proving Especially Valuable During COVID-19 Pandemic  

fsim.ca/docs/TailscaleReleaseMarch30FINAL.pdf

Press Release

VersaBank (TSX:VB) (“VB” or the “Bank”) today announced the implementation of its new high security Virtual Private Network (VPN) remote access software solution, developed in partnership with Tailscale, a leading provider of secure network connectivity solutions. The software enables VersaBank employees to securely and directly connect to all the Bank’s servers across multiple offices and cloud providers, using two factor authentication and with every connection encrypted. The Tailscale-based solution uses the Office 365 setup and Windows client/server applications that the Bank already had in place.


2014 FSIM when Bernanke visited Montreal  

fsim.ca/docs/MockBernanke.pdf

Mark Sibthorpe

Considering Bernanke is hated by the Republicans and hated even more by the Democrats, and is currently under scrutiny for saving AIG but not Lehman, (in hindsight) with respect to issues over solvency vs liquidity, the Montreal lovefest attended by 1,100 people yesterday must have been a welcome respite. Click the link to read the entire 2014 report.


Eisman's big Canadian bank short  

fsim.ca/docs/eisman2.pdf

Mark Sibthorpe

I have been reporting on Steve Eisman's short position for quite some time.  As the analyst reaction to Eisman shows (link below), Eisman has taken a lot of heat for shorting Canadian banks. Instead of capitulating, in September 2019 he publicly disclosed the fact that he added Canadian Tire to his position, He explains the rationale for this in a BNN interview late 2019. Essentially, his big concern with respect to banks was non-performing loans in Alberta. He feels Canadian bank CEOs are not prepared for a credit cycle. He specifically referenced ATB (a private bank) in discussing his concerns. Looking at the numbers today, my guess is that he has made off like a bandit.


VersaBank Beta-Testing Its New, High Volume Mortgage Finance App   

fsim.ca/docs/VBCortelMortFinanceAppFeb62020.pdf

Press Release

VersaBank announces it is initiating beta-testing on its newly developed high-volume mortgage software app with the Cortel Group, one of Canada’s largest home and condominium builders. The app, named “Direct Connect”, was designed to facilitate and significantly reduce the lengthy finance approval process typically experienced by home buyers when visiting home and condo pre-construction sales offices.


How and why you need to defend your brand against disruptors  

Mark Sibthorpe

Technology, and being open to opportunities, has preempted transformation in banking. At the top of change are Mint, PayPal and ApplePay; three examples of transformative solutions that are now ubiquitous. On the horizon: Uber and Google, both having recently announced partner based banking services. Further down in the plumbing is Duca Impact Labs, Versabank, and Revolut. This report shows how cost conscious FIs can, not only stay relevant in the face of adversity, but punch well above their weight. All thanks to creative thinking and the ongoing commoditization of technology.


Kick the can(nomics)  

fsim.ca/docs/Kick.pdf

Mark Sibthorpe

Canada has used consumer debt to provide life support to the economy. This strategy which basically pushed the day of reckoning to the next government was old back in 2014, and now is well past its sell-by-date. Recognizing this, and desperate to keep the economy out of a recession, Trudeau is spending more money now than any government in Canadian history. This report disusses a possible alternative.


ScoreCard Bill Morneau, Canada's Minister of Finance  

fsim.ca/docs/ScoreCardMorneau.pdf

Mark Sibthorpe

This report is a scorecard I designed in order to rank the performance of the current Minister of Finance, Bill Morneau. I do regular rankings because, otherwise, I cannot measure the performance in a meaningful way. The scoring is based on a variety of metrics as detailed on the ‘score-table’ on page 3. Examples of the criteria and weighting include:

 


Observations and overview of 2018 NB flood support from government and insurance companies.  

fsim.ca/docs/Observations and overview of 2018 NB flood support from government and insurance companies..pdf

Mark Sibthorpe

 


Flood aftermath is linked to post traumatic stress. Here are some findings from a study conducted by Queensland University following a flood:

"The findings showed that aftermath stress contributed to poor mental health outcomes over and above the flood itself, prior mental health issues and demographic factors," Ms Dixon said.

 

"Aftermath stress was the strongest predictor of post-traumatic stress symptoms with 75 per cent of people saying the most difficult aspect was the aftermath and dealing with insurance companies," she said.

 

With this in mind, I felt it was important to understand how New Brunswick flood victims were treated.

 


Update Argentina: a sign of the times  

fsim.ca/docs/Update Argentina_ a sign of the times.pdf

Mark Sibthorpe

Argentina is in the news daily because the situation is dire, and may be an indication of further contagion. The most dramatic story that speaks of the a leading cause of its troubles was the recent arrest of the public works secretary, Jose Lopez. June 15th he was caught hiding millions in cash in a monastery. No this is not a plot for a comedy.


Summary of Canada's flood news, 2017 to present  

fsim.ca/docs/Summary-of-flood-news-2017-present.pdf

Mark Sibthorpe

This report covers flood news in Canada from 2017 to present and highlights the relevent issues for home-owners and the insurance industry.


Banking on Pot  

fsim.ca/docs/c10191_banking-on-pot.pdf

SBS

As states across the US legalize marijuana for both medicinal and recreational purposes, it has fueled a growing industry of marijuana related businesses (MRBs).


Canadian banking industry overview  

Mark Sibthorpe

The industry overview is divided into 5 parts:

Introduction
Small banks
Small medium sized banks
Medium sized banks
Medium large banks


2014 Mobile payments the Apple pay way  

fsim.ca/docs/Mobile_Payments_Apple_Pay_2014.pdf

Mark Sibthorpe

With Walmart Pay about to userp Apple Pay, I thought I would share my 2014 book on mobile payments and loyalty. The guilde was written for Merchants that want to understand loyalty, credit, mobile payments and Apple Pay, but anyone involved with credit and loyalty might find it useful.
The book is a prelude to Walmart leaving MCX, and chronicles the evolution that led to Walmart Pay. There is an extensive case study of Walmart that looks into its efforts to become an ILC and to avoid paying credit card transaction fees ('merchant discount').
It offers readers a step-by-step methodology for evaluating and transforming credit and loyalty programs. The strategies are based on proven examples and industry facts. The Nectar, Target, Canadian Tire and Walmart case studies are examples of the practical approach I have taken, written with the intent that merchants can use them as blueprints for their own initiatives. 


Death to bitcoin, long live the blockchain   (See full report)

Mark Sibthorpe

Jamie Dimon calls bitcoin a fraud used by criminals, yet he has jumped into the blockchain with both feet.


TD bank industry conduct  

fsim.ca/docs/tdind2.pdf

Mark Sibthorpe

TD’s share price recently collapsed by $7 bn in one day due to CBC’s allegations of aggressive selling tactics. A huge fall from a bank that was trading at a premium as recently as January. This was even before the most recent allegation of TD attempting to avoid paying taxes on advertising.
This report chronicles the events leading up to the collapse, shows TD's performance, analyses other related issues.


Book review: Back from the Brink  

fsim.ca/docs/backbrink.pdf

Mark Sibthorpe

This is a book review of the book Back from the Brink by Paul Halpern, Caroline Cakebread, Christopher C. Nicholls and Poonam Puri.


Footnote 151  

fsim.ca/docs/footnote151.pdf

Mark Sibthorpe

Footnote 151 implies an important regulatory change related to derivative contracts. It means that US Banks will not be required to hold as much capital against commodities. If you want to understand the implications of this regulatory change in more detail, see the enclosed related article detailing the changes. For contextual purposes, I have also included two Rolling Stones Magazines reports from 2010 and 2014 that chronicle the role large US banks have played in manipulating commodities. You might question the credibility of these sources, but rest assured, these reports are based on United States Senate hearings which outline the issues in a 396 page report related to the implied risks. 


Save the Canadian economy now  

fsim.ca/docs/helecopter-money.pdf

Mark Sibthorpe

Consumer debt spending appears to have insulated Canada from the worst of the credit crisis, but now the alarming magnitude of consumer debt ($1.92-trillion) could exacerbate a day of reckoning.
This report assesses the issues at hand and recommends the solution to get Canada's economy on track.


Reasons financial service companies should consider gamification  

fsim.ca/docs/GamingEventProposal-printsample--en-final.pdf

Mark Sibthorpe

Gamification of business processes resulted on Mint.com growing to 10 million users within 4 years. This report explains how.


National Bank Special Report  

fsim.ca/docs/NatBSpec.pdf

Mark Sibthorpe

According to Bloomberg, National Bank of Canada will take a C$64 million ($48 million) restructuring charge in the fourth quarter and said its investment in Maple Financial Group Inc., which is being probed by German regulators, may be at risk of a “substantial loss.”


Will Canadian banks charge companies for deposits?  

fsim.ca/docs/depgrowthimpact2.pdf

Mark Sibthorpe

In light of today’s possible rate cut, this report discusses how a bank rate cut and capital ratio pressure could precipitate negative corporate deposit interest rates in Canada.


Canadian Tire's (CTC) - Canadian Tire Financial Services (CTFS) Scotia deal overview and risk assess  

fsim.ca/docs/ctfsfinal.pdf

Mark Sibthorpe

Review of the Canadian Tire Financial Services deal with Scotiabank, risks, opportunity and benefits.


Finance minisiter scorecard August 26, 2015  

fsim.ca/docs/Scorejo-August-2015.pdf

Mark Sibthorpe

This report looks at Joe Oliver, minister of finance’s progress to date, and assigns a grade to his government’s performance to date.


Xtreme Branch  

fsim.ca/docs/xbranch.pdf

Mark Sibthorpe

Branches are evolving to meet the digital age. This documents tracks the evolution with real-world examples.


Canadian Nudge  

fsim.ca/docs/nudge.pdf

Mark Sibthorpe

Whether he knew it or not, Tom Reid, a senior vice-president at Sun Life, made a case for the behavior modification concept ‘Nudging’ when he recently proposed auto-enrolling Canadians in his company’s pension plans. Sun life cover 1.2 million Canadians, about 60% of the eligible employees.
According to Reid,


CWB cause for concern  

fsim.ca/docs/cwbupdate.pdf

Mark Sibthorpe

In an earlier report BankNews.TV expressed concerns about CWB. Here are 5 charts that show cause:
1. First earnings drop in years;
2. Deposits dropping which will increase cost of funds in the future.


BNTV Overview  

fsim.ca/docs/overviewpdf.pdf

BNTV

BankNews.TV Publishing Corp services overview document:

  • Analytics
  • Financial services industry monitor (FSIM) industry briefings and developments reports
  • Research


Challenger banks not a threat to big banks  

fsim.ca/docs/challenger.pdf

Mark Sibthorpe

This report looks at Canadian challenger banks (apart from merchant led banks) and explains why they have not threatened larger institutions. It also looks at ways in which these upstarts have achieved success.


Gamification of financial data project  

fsim.ca/docs/GamingEventProposal-printsample--en-final_original.pdf

Mark Sibthorpe

This document contains details on how BankNews.TV is helping kids learn programming via gamification of financial data.


The impact a rate rise will have for Canadian banks  

fsim.ca/docs/irr-f.pdf

Mark Sibthorpe

Canadian banks have made money throughout the credit crisis, but this trend may be about to reverse. The rational supporting this prediction is that revenue has grown despite a declining net interest margin (NIM). It has grown in spite of this fact because Canadian debt (loan lease volume) has risen significantly, as shown in chart 2.

This report looks at the issues facing Canadian banks in the event of a Bank Rate rise.  


FIFA: the new goldenballs  

fsim.ca/docs/goldenballs.pdf

Mark Sibthorpe

Yesterday, the Attorney General of Switzerland (OAG) opened criminal proceedings related to the FIFA scandal. This report outlines some of the events related to the criminal investigation, with a particular focus on banking.


Scorecard Minister of Finance: JIm Flaherty  

fsim.ca/docs/Scorecard Min Fin Flaherty April 8 2014.pdf

Mark Sibthorpe

March 18, Finance Minister Jim Flaherty resigned from cabinet after having endured a difficult year due to health issues. This report looks at his legacy and attempts to grade his government’s performance to date.


Sample RFP for a Loyalty Program  

fsim.ca/docs/sample RFP for a loyalty program.pdf

Mark Sibthorpe


Merchants extend financial services  

fsim.ca/docs/merchantfs.pdf

Mark Sibthorpe

Merchant led financial services are growing in importance once again. This is exemplified in the ongoing UK rivalry between ASDA, Sainsbury and Tesco. Together these merchant/financial service companies provide the backstop for three different approaches for merchants looking to extend their financial services.


Hot Money: real-estate  

fsim.ca/docs/hotmoney.pdf

Mark Sibthorpe

Canadian and London real estate, like Macau, may also be a convenient means for China’s elite to move money offshore; with the deleterious effect of driving up home values. Louise Shelley`s research concurs. In a published paper written for the National Defense University, Shelley argues that money laundering in real estate (MLRE) increases prices.


Currency Cheat Sheet: a guide for the rest of us  

fsim.ca/docs/currencycheatsheet.pdf

Mark Sibthorpe

Readers of this document will be presented with monetary policy issues and facts
that show the USD will likely remain the dominant reserve currency, despite
questionable Chinese practices, record US debt levels, and a shaky economy.


Riches to Rags? Summary of possible risks for Genworth MI CANADA, INC.  

fsim.ca/docs/gq4risk.pdf

Mark Sibthorpe

Genworth had its Q4 2014 earnings call. Genworth own about 30% of the mortgage default insurance in Canada. Not surprisingly, the earnings call became focussed on Alberta; and for good reason, with 20% of its outstanding insured mortgage balance in Alberta, sensitivity to the oil shock and how Genworth plan to manage related risks were discussed in detail.


Canadian Western Bank Competitive Forecast  

fsim.ca/docs/cwbf.pdf

Mark Sibthorpe

Based on historical financial data (see detailed charts pages 5-8), the oil based recession in Alberta, and comparison against two of its peers, this document outlines my observation with respect to CWB’s future performances.


Liquid Canada: the tipping point  

fsim.ca/docs/Liquid.pdf

Mark Sibthorpe

This report examines liquidity issues in the Canadian financial service industry.


Bank Fees  

fsim.ca/docs/Bank fees.pdf

Mark Sibthorpe

Recently the CBC and The Globe and Mail both reported on what has been referred to as a consumer “bank fee outcry”. CBC compares banks to cable and phone companies, standing accused of trying to gouge customers with service fees. The backlash appears to have originated in conjunction with the NDP and the Consumers Council of Canada which argues that there is anxiety ‘among consumers about banking fees’.


Cheap Oil Report  

fsim.ca/docs/co2.pdf

Cheap oil has pushed the Bank of Canada's governor, Stephen Poloz onto a slippery slope. For some background on this, take October 22nd, when Poloz bid farewell to forward guidance, resulting in yesterday's surprise rate cut. A cut that has enraged TD and other banks, which see this as eroding profits.
 


Canada's Economy, a strategic solution  

fsim.ca/docs/ces.pdf

This report explores Canada's strategies to compete globally. The report begins with an analyses of the housing market, because housing is the canary in the coal mine; explores what happens in the event of collapse; and analyses the underlying problem causing Canada to be uncompetitive.
 


Mobile Payments Blueprint: guide to credit and loyalty transformation for merchants  

fsim.ca/docs/booksample.pdf

Merchants that want to understand loyalty, credit and mobile payments should read this book. It offers readers a step-by-step methodology for evaluating and transforming credit and loyalty programs. The strategies are based on proven examples and facts. The Nectar, Target, Canadian Tire and Walmart case studies are examples of the practical approach I have taken, written with the intent that merchants can use them as blueprints for their own initiatives.
 


Guide to system selection  

fsim.ca/docs/gssnow.pdf

Read sample report: Guide to system selection. This sample would normally cost $99 but is available free as a sample. Click here view sample report.


News feed

SCOTIABANK SAYS TECHNICAL GLITCH THAT DISRUPTED DIRECT DEPOSIT, CHEQUE PAYMENTS HAS BEEN RESOLVED

G&M (2026-01-28)

“We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we worked through this,” Ms.


BIG BANKS’ SALES TARGETS CAN PRESSURE MUTUAL FUND ADVISERS TO SKEW ADVICE TO CLIENTS, REVIEW FINDS

G&M - Clare O'Hara (2025-07-11)

A regulatory review of the sales practices at Canada’s Big Five banks found that mutual fund advisers face a high degree of pressure to meet sales targets, which can lead to products or services being offered that are not in the clients’ best interests. In


I DITCHED MY BRICKS-AND-MORTAR BANK ACCOUNT AND IT’S ONLY BEEN POSITIVE

G&M - Salamaan Faroooqui (2025-07-11)

A couple of months ago, I took the plunge and finally got rid of my Big Six bank account. I


CANADA INFRASTRUCTURE BANK SET TO FALL WELL SHORT OF 2028 INVESTMENT TARGET: PBO

Yahoo Finance (2025-07-11)

In a new report released Thursday, the Office of the Parliamentary Budget Officer said the infrastructure bank is on track to disburse $14.9


BANKER ACCUSED IN $140 MILLION PONZI SCHEME BOUGHT A PATEK PHILIPPE WATCH, JAUNTS TO KENNEBUNKPORT, AND PUT MILLIONS ON HIS CREDIT CARDS, SEC SAYS

Yahoo Finance (2025-07-11)

A politically connected Georgia financier has been accused of running a multi-million Ponzi scheme that was helped along through targeted advertisements on right-wing and conservative media channeling the “Patriot Economy.”


TRAVEL AND TOURISM’S VALUE TO THE CANADIAN ECONOMY

BNN (2025-07-11)

As an introduction to a special episode on travel and tourism, Amanda Lang takes a By The Numbers look at the value of the sector to the Canadian economy.


NATIONAL BANK TAPS KELLER, STEFANEK TO BOOST POWER TEAM IN NY

Bloomberg (2025-07-11)

National Bank of Canada hired two senior investment bankers to bolster its power, utilities and infrastructure advisory business as it seeks to grow its presence in the US market. Seth


POPULARIZING PRIVATE CREDIT MAY KILL ITS APPEAL

Investment Executive - James Langton (2025-07-11)

For instance, the existence of large, persistent discounts between an ETF’s trading price and the value of its underlying assets could “raise doubts about the quality and accurate valuation of the underlying assets and lead to losses for investors,” the paper said.


FSB TACKLES LEVERAGE IN THE SHADOW BANKS

Investment Executive - James Langton (2025-07-11)

“It focuses on those risks that may arise in financial markets that are at the core of the financial system and whose functioning is essential for the real economy, and risks that may arise through interlinkages between leveraged non-banks and systemically important financial institutions in their role as leverage providers,”


MORTGAGE RENEWALS WILL STRAIN CANADIANS, BUT MOST WILL MANAGE: TD REPORT

Investment Executive (2025-07-11)

“In the final two quarters of last year, mortgage interest payments declined by an average of 1.7%,


VISA SEES EMBEDDED FINANCE SHAPING PAYMENTS IN SECOND HALF OF 2025

Pymnts (2025-07-11)

Embedded finance is rapidly reshaping the payments landscape by integrating financial services, especially payments, into a wide range of non-financial platforms.


UK WATCHDOG SHUTTERS 1,600 UNLAWFUL FINANCIAL SERVICES WEBSITES

Pymnts (2025-07-11)

In addition, the FCA took action against illegal financial promotions by unauthorized “finfluencers” and canceled the authorizations of more than 1,500 firms, 20% more than in 2023 and more than triple the number in 2021, per the release.


TRUMP’S TRADE GOALS ARE BECOMING CLEARER. BRACE FOR IMPACT, CANADA

G&M - Tony Keller (2025-07-09)

Many conservatives and Conservatives believe that Prime Minister Mark Carney pulled a fast one in the last election.


IMMIGRATION CAPS ARE CONTRIBUTING TO LOWER ASKING RENTS IN CANADA, CMHC SAYS

G&M - RACHELLE YOUNGLAI (2025-07-09)

Canada’s caps on foreign students and new residents have contributed to reduced demand for rental housing and lower average asking rents in Vancouver, Calgary, Toronto and Halifax, according to a new study from the national housing agency. Over


BOE TO REVIEW BANK CAPITAL RULES FOR FIRST TIME IN FIVE YEARS

Bloomberg - Greg Ritchie and Jennifer Surane (2025-07-09)

The Bank of England will review the overall level of capital requirements it sets for banks for the first time in five years after officials determined that lenders have largely been able to keep an adequate cushion against hard times for much of the past decade. The


BOE WARNS OF GROWING RISKS FROM HEDGE FUND LEVERAGE IN GILTS

Bloomberg (2025-07-09)

Financial stability risks from leveraged hedge fund strategies in gilts are growing, the Bank of England said Wednesday, with officials warning the opaque nature of their trading activity exacerbates the threat. Hedge


CREDIT FUND’S COLLAPSE LEADS TO $1 BILLION LAWSUIT AGAINST EY

Bloomberg - Paula Sambo (2025-07-09)

Bridging Finance Inc.’s


VANCOUVER REAL ESTATE SALES FALL, MOST INVENTORY SINCE BOC SUGGESTED A BUBBLE

Better Dwelling (2025-07-09)

What happened in 2013? Glad you asked—that was back when the Bank of Canada (BoC) deputy governor (now Governor) Tiff Macklem suggested a bubble, delivering a speech in Vancouver.


CORPORATE BANKRUPTCIES ON THE RISE IN U.S.

Investment Executive - James Langton (2025-07-09)

Additionally, consumer spending “is straining under the weight of a cooling job market, inflation still above monetary policymakers’ targets and the Trump administration’s tariffs,” it noted.


TRUMP SAYS HE WILL HIT COPPER IMPORTS WITH 50% TARIFFS

Investment Executive - Kelly Geraldine (2025-07-09)

“The copper concentrate that we mine tends to go to other markets, so this is kind of immaterial.


JPMORGAN IS REVAMPING ITS BANK FOR THE SUPERRICH TO CATER TO GLOBAL CLIENTELE

WSJ - Alexander Saeedy (2025-07-09)

JPMorgan Chase JPM -3.15%decrease;


GLOBAL INSURANCE BROKING MARKET HIT US$180BN IN 2024

Insurance Business (2025-07-09)

The insurance broking industry showed further consolidation in 2024, with the top 15 groups controlling 48.7%


EQUITABLE BANK NAMES CHADWICK WESTLAKE AS CEO

G&M (2025-07-09)

Equitable Bank has named Chadwick Westlake as its chief executive officer, bringing its former finance head back to lead the bank after previous CEO Andrew Moor died unexpectedly in June. Mr.



BOFA BOOSTS TARGETS FOR CANADIAN BANKS, CITING OPTIMISM ON TRADE, ECONOMY

Yahoo Finance - John MacFarlane (2025-07-09)

BofA economists recently wrote that Canada’s economy has been “more resilient than originally expected,” Poonawala notes, raising their forecast for gross domestic product growth in 2025 from one per cent to 1.4


BANK OF ENGLAND FINES FIRST INFRASTRUCTURE FIRM

Investment Executive (2025-07-09)

“Vocalink fell short of its obligation to have adequate risk management and governance arrangements when responding to the bank’s direction.


CANADIANS NEED A PENSION DASHBOARD: C.D. HOWE

Investment Executive - Kevin Press (2025-07-09)

“How can Canadians make optimal decisions if they don’t have a straightforward way to see how savings and entitlements translate into monthly income?” asked Bush, in a media release.


WSJ MARKETTALK

WSJ (2025-07-09)

Insurers around the world are bound to experience decelerating premium growth due to the current unstable policy environment and competitive pressures, according to a report from Swiss Re Institute.


AUSTRALIA TAKES ANOTHER STEP TOWARD A CENTRAL BANK DIGITAL CURRENCY

Reuters (2025-07-09)

Australia's central bank said on Thursday it was taking another major step toward a wholesale central bank digital currency (CBDC) with a range of industry partners pursuing projects using real money and assets for the first time. The


GLOBAL BANKS PREDICTED TO GET 10% TRADING REVENUE BOOST ON TARIFF TURMOIL

Reuters (2025-07-09)

Global banks including top U.S.


CANADIAN NONBANK LENDERS GROW MARKET SHARE, OUTPACING TRADITIONAL BANKS

Mortgage Broker News - Candyd Mendoza (2025-07-09)

That growth, while slightly below the global average of 8.5%,


REVOLUT REPORTEDLY AIMS TO RAISE $1 BILLION FOR GLOBAL EXPANSION

Pymnts (2025-07-09)

Revolut attributed that valuation to its financial performance in the preceding quarters, which included a 95% increase in revenues in 2023 compared to the previous year, and growth in its customer base.


HOUSE SETS ‘CRYPTO WEEK’ AS CONGRESS TAKES UP MAJOR DIGITAL ASSET BILLS

Pymnts (2025-07-09)

The Senate hearing, titled Building Tomorrow’s Digital Asset Markets, will feature Blockchain Association CEO Summer Mersinger, Chainalysis CEO Jonathan Levin, Paradigm general partner Dan Robinson, and Ripple CEO Brad Barlinghouse at the witness table.


FINANCING DEMAND IN GLOBAL TRADE MARKETS GROWS AS CANADIAN COMPANIES DIVERSIFY AMID TARIFFS

G&M - Stefanie Marotta (2025-07-08)

Prime Minister Mark Carney is eager to have all U.S.


RBC TELLS CUSTOMER SHE'S RESPONSIBLE FOR $14K STOLEN FROM ACCOUNT IN BANK INVESTIGATOR SCAM

Yahoo Finance (2025-07-08)

The caller told Plett, who lives just outside Montreal, that someone in Vancouver was trying to steal $2,000 from her bank account.


PITFALLS OF AI TECHNOLOGY’: ROSENBERG SPEAKS OUT ON FINANCIAL SCAM USING HIS LIKENESS

BNN - Joshua Santos (2025-07-08)

“They’re having me on screen with my voice, which is purely fake, either advocating funds which I’m not running, since I’m not a fund manager in any event, and believe it or not, now they are having me on these sites, on video, advocating speculative penny stock picks, so it’s


DEATHS FROM TEXAS FLOODS EXCEED 100 WITH TOLL EXPECTED TO RISE

Bloomberg - Joe Lovinger (2025-07-08)

More than 100 people have been confirmed dead in floods that tore through central Texas over the weekend, marking a grim milestone as searchers used boats, dogs and drones to locate victims and authorities debated whether anything more could have been done to prevent the disaster. Confirmed


BANKS CHANNELED $385 BILLION INTO COAL INDUSTRY SINCE COP26

Bloomberg - Natasha White (2025-07-08)

Global banks channeled more than $385 billion to the coal power industry over the past three years, with annual flows increasing last year from 2023, according to analysis by a group of nonprofits. At


CANADA’S FISCAL PICTURE IS “CLOUDY,” DEFICIT MAY HIT $80 BILLION: BMO

Better Dwelling (2025-07-08)

“Canada’s fiscal picture is getting cloudy given that the current government did not table a post-election budget, and the cost platform has been rearranged by the evolving economic outlook and shifting policy priorities,” warns BMO senior economist Robert Kavcic.


SASK.'S MORTGAGE DELINQUENCY RATE IS HIGHEST AMONG PROVINCES, BUT IT'S GETTING WORSE IN ONT. AND B.C.

CBC - Aishwary Dudha (2025-07-08)

According to Equifax Canada, Saskatchewan had the highest mortgage delinquency rate (0.37


JANE STREET TO CHALLENGE INDIA BAN, SAYS IT ENGAGED IN BASIC ARBITRAGE

Reuters - Urvi Manoj Dugar and Chandni Shah (2025-07-08)

Jane Street has told staff it will contest a ban by India's financial regulator which has accused the U.S.


AUSTRALIA'S CENTRAL BANK STUNS MARKETS BY PASSING UP CHANCE TO CUT RATES

Reuters - Stella Qiu and Wayne Cole (2025-07-08)

Australia's central bank on Tuesday left its cash rate steady at 3.85%,


OSFI UPDATE ON CAPITAL REQUIREMENT FOR FEDERALLY REGULATED LIFE INSURERS

OSFI (2025-07-07)

Postponing the next revision of the Life Insurance Capital Adequacy Test (LICAT) Guideline from 2027 to a later date (post-2028).


FINANCIAL INDUSTRY FORUM ON ARTIFICIAL INTELLIGENCE II: A COLLABORATIVE APPROACH TO AI THREATS, OPPORTUNITIES, AND BEST PRACTICES, WORKSHOP 1 - SECURITY AND CYBERSECURITY

OSFI (2025-07-07)

The resulting report, “A Canadian Perspective on Responsible AI,” highlighted the need for financial institutions to adopt comprehensive risk management strategies to address the unique challenges posed by AI.


HAVE CREDIT CARDS MORPHED INTO A LIFESTYLE CHOICE?

G&M - Barry Choi (2025-07-07)

Mastercard holders could enter a contest on Priceless.com,


WEALTH ONE BANK GETS NEW LIFE AS CANADIAN INVESTOR GROUP CLOSES DEAL

Bloomberg - Christine Dobby (2025-07-07)

Canadian investment firm Globalive Corp.


CRYPTO, STARTUPS AND BANKING MAKE A SCARY MIX

Bloomberg - PAUL J. DAVIES (2025-07-07)

The next must-have accessory for crypto and tech bros looks to be far less sexy than a Lamborghini — it’s a banking license.


CHINA’S PBOC KEEPS BUYING GOLD AS RESERVES GROW FOR EIGHTH MONTH

Bloomberg - Sybilla Gross (2025-07-07)

China added to its official gold reserves for an eighth straight month in June, as prices of the precious metal traded near a record high. Bullion


ELON MUSK SAYS HE IS LAUNCHING NEW POLITICAL PARTY

BBC - Sean Seddon & Stuart Lau (2025-07-07)

Musk was until recently a core supporter of Trump, dancing alongside him during election rallies last year and bringing his four-year-old son to meet Trump in the Oval Office.



BROOKFIELD SELLS US$690-MILLION IN PRIVATE-EQUITY STAKES TO SET UP FUND TARGETING WEALTHY INVESTORS

G&M (2025-07-04)

The private-equity arm of Brookfield Asset Management Ltd.


FINANCIAL WATCHDOG FINES CANACCORD GENUITY FOR FAILURES IN ANTI-MONEY LAUNDERING CONTROLS

G&M (2025-07-04)

Canada’s financial crime watchdog has imposed a $544,500 penalty on Canaccord Genuity Inc.


AIMCO INTERIM CEO COULD EARN MILLIONS IN BONUS PAY AFTER LEADERSHIP OVERHAUL

G&M - James Bradshaw (2025-07-04)

Alberta Investment Management Corp.’s


EIGHT LESSONS LEARNED IN 27 YEARS OF COVERING PERSONAL FINANCE AND INVESTING

G&M (2025-07-04)

The modern-era reference period for economic hardship is the early 1980s, when interest rates soared into the double digits to fight inflation and the economy was weak.


JANE STREET CURBED IN INDIA AFTER $4.3 BILLION TRADING GAIN

Yahoo Finance (2025-07-04)

The Securities and Exchange Board of India said it would seize 48.4


HOME INSURANCE RATE TRANSPARENCY NEEDED AS EXTREME WEATHER COSTS RISE: COMPLAINT

BNN (2025-07-04)

The lack of information on the risks means regulators should be pushing more to have flood risk maps made public, said Taylor.


FACTORING IN THE HIDDEN COSTS OF BUY NOW PAY LATER

BNN (2025-07-04)

TransUnion said it's still in the development stage of figuring out how to integrate BNPL data, including creating a separate section on credit reports to reflect the unique nature of these products, said spokeswoman Hyunjoo Kim.


JPMORGAN NAMES NEW HEADS IN EUROPE EQUITY CAPITAL MARKETS

Bloomberg (2025-07-04)

JPMorgan Chase & Co.


TORONTO NEW HOME SALES FALL TO RECORD LOW, JUST 42 CONDOS SOLD IN THE CITY

Better Dwelling (2025-07-04)

Greater Toronto new home prices are still trending lower, but one segment showed signs of firming.


OUT-OF-PROVINCE INSURANCE ADVISORS APPLYING FOR ONTARIO LICENSING CAN GET TO WORK FASTER

Investment Executive (2025-07-04)

Under the legislation, once an applicant provides the Financial Services Regulatory Authority of Ontario (FSRA) with proof of their valid out-of-province licence, the regulator is required to provide them with a notice of receipt “within 10 business days and in accordance with the regulations.”


HOW TRUMP GOT HIS ‘BIG, BEAUTIFUL BILL’ ACROSS THE FINISH LINE

WSJ (2025-07-04)

A handful of House Republican holdouts were unhappy with provisions in Trump’s signature bill.


HOW GOLDMAN SACHS WON BIG IN THE FED’S ANNUAL STRESS TEST

FT - Joshua Franklin (2025-07-03)

Goldman Sachs stood to lose just $300mn in an economic shock under the Federal Reserve’s stress test scenario this year, vastly less than the $18bn forecast a year earlier — and a big reason for the bank’s outsized shareholder payouts. The


CHINA SAID TO SEEK ADVICE ON LOW INTEREST RATES FROM EU LENDERS

The Standard (2025-07-03)

China's central bank is reportedly seeking advice from European financial institutions on how to manage the impact of low interest rates, the Financial Times reported. The


DEUTSCHE SAYS NEW BANKING RULES COULD HAMSTRING EUROPE’S DEFENCE SPENDING

FT (2025-07-03)

Deutsche Bank has warned that stricter rules for banks might obstruct Europe’s rearmament push, after it revealed a steeper than expected capital hit from the incoming regime. Changes



TECH BILLIONAIRES LAUNCH EREBOR BANK TO FILL SVB’S GAP

Pymnts (2025-07-03)

Now, a group of tech billionaires is reportedly aiming to fill the space left by the lender’s demise with the launch of a new bank, known as Erebor.


PAYMENT HUBS RESCUE BANKS FROM $100 MILLION DIGITAL PAYMENTS CHAOS

Pymnts (2025-07-03)

Payment hubs serve as unified platforms that consolidate all payment processing, offering customers a fast, consistent and straightforward experience regardless of the underlying payment rail.


SANTANDER'S BET ON BRITAIN WITH TSB DEAL SHOWS BANKS' NEED FOR SCALE

Reuters (2025-07-03)

Santander's, opens new tab plan to buy TSB for 2.65


ADULT ENTERTAINMENT INDUSTRY PAYMENTS USED TO EVADE RUSSIAN SANCTIONS IN CANADA

G&M - Rita Trichur (2025-07-02)

Businesses associated with the adult entertainment industry are using Canadian payment service providers to transfer money overseas and circumvent sanctions imposed against Russia by Western countries, according to a financial intelligence report. The


GOOGLE ORDERED TO PAY US$314-MILLION FOR MISUSING CUSTOMERS’ CELL PHONE DATA

G&M (2025-07-02)

A jury in San Jose, California, said on Tuesday that Google GOOG-T misused customers’ cell phone data and must pay more than $314.6


WANT TO ‘BUY NOW, PAY LATER’ AT CHECKOUT? IT COULD SOON BE REFLECTED ON CANADIAN CREDIT SCORES

G&M (2025-07-02)

Canadians may see their use of buy-now-pay-later loans included in their credit scores in the near future, a sign that the increasingly popular instalment loans can no longer be ignored. Last


FOR HOMEOWNERS, BORROWING MONEY IS EASY. BUT HOW DO RENTERS BORROW MONEY?

G&M - ROBERT GERLSBECK (2025-07-02)

For many young Canadians, home ownership is a dream.


VENTUM FINANCIAL REACHES $2.3-MILLION SETTLEMENT WITH REGULATOR ON OVER-THE-COUNTER TRADING INFRACTIONS

G&M - CLARE O’HARA (2025-07-02)

Independent wealth manager Ventum Financial Corp.


GOLDMAN SACHS NAMES RAGHAV MALIAH AS GLOBAL CHAIRMAN OF INVESTMENT BANKING

Yahoo Finance (2025-07-02)

Goldman Sachs has appointed Raghav Maliah as a chairman of investment banking, a global position that he will take on alongside his existing regional responsibilities, according to a memo issued by the bank on Wednesday.


TESLA SHARES TAKE A HIT AS FEUD BETWEEN TRUMP AND MUSK REACHES A BOIL

BNN (2025-07-02)

“If this insane spending bill passes, the America Party will be formed the next day,” he wrote.


ALL 53 FEDERAL EXEMPTIONS IN THE CANADA FREE TRADE AGREEMENT THAT WOULD INHIBIT INTERPROVINCIAL TRADE NOW REMOVED: FREELAND

BNN (2025-07-02)

The committee on internal trade — made up of provincial ministers and premiers representing all of Canada’s provinces and territories — is also set to convene on July 8, according to the statement, at which point it will lay out any progress individual jurisdictions have made to scrap their own


THE GAMBLER'S EDGE ON WALL STREET

Bloomberg (2025-07-02)

Video: Poker.


CANADIAN REAL ESTATE MOST AFFORDABLE IN YEARS, STILL NEAR 90S BUBBLE PEAK: RBC

Better Dwelling (2025-07-02)

Canadian housing affordability improved for a fifth consecutive quarter.


IS CANADA NOW FREE OF INTERNAL TRADE BARRIERS? READ THE FINE PRINT

Investment Executive (2025-07-02)

“When I’m advising governments, I say, ‘Don’t think of this as a light switch,'” he said.


MARIE ELAINE FARLEY EXITING CSF

Investment Executive (2025-07-02)

“The government has decided to reform the regulatory framework, particularly to complete the harmonization of Quebec securities practices with pan-Canadian rules and to transfer the supervision of mutual fund representatives to the Canadian Investment Regulatory Organization,” said Farley.


U.S. BANK REGS PROPOSE EASING CAPITAL RULES

Investment Executive (2025-07-02)

However, “almost all of this capital would need to be retained within the consolidated holding company, due to holding company capital requirements, and would not become available for distribution to shareholders,” the proposal noted.


AUTOMAKERS ASK CARNEY TO REPEAL ZERO-EMISSION VEHICLE MANDATE

G&M - STEVEN CHASE, Eric Atkinson (2025-07-02)

Auto sector chief executives urged Prime Minister Mark Carney Wednesday during a meeting on the Canada-U.S.


LOOKING FOR THE BEST GIC RATES IN CANADA? IT PAYS TO SHOP AROUND

G&M - HANIF BAYAT (2025-07-02)

Many Canadians are frustrated by the low interest paid on traditional savings accounts, and with good reason.


MORE SELLERS THAN BUYERS IN ONTARIO’S PRIZED HOLIDAY REGION

G&M - CAROLYN IRELAND (2025-07-02)

House hunters in Ontario’s Prince Edward County have plenty of choice: Victorian-era farmhouses, waterfront estates and modern stacked townhouses are currently listed for sale. For


US FED BANK SUPERVISION CHIEF TAKES BUYOUT, EMAIL SAYS

Yahoo Finance (2025-07-02)

Fed Chairman Jerome Powell said in May that the central bank aimed to reduce its workforce by about 10% in coming years, aligning the bank with President Donald Trump's wider goal of shrinking the federal workforce.


CALGARY HOME SALES DROP AGAIN IN JUNE AS INVENTORY KEEPS PILING UP: BOARD

Yahoo Finance (2025-07-02)

Lurie says additional choice in the market — combined with stagnant lending rates, persistent uncertainty and concerns of price adjustments — is keeping many potential buyers on the sidelines, which "is weighing on home prices, especially for apartment and row style homes."


OTTAWA MUST PASS A LAW REVOKING DIGITAL SERVICE TAX BEFORE REFUNDS ARE ISSUED: CRA

Investment Executive (2025-07-02)

The first payment was due Monday and would have collectively cost American companies like Amazon, Google, Airbnb, Meta and Uber about US$2 billion.


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SCOTIABANK SAYS TECHNICAL GLITCH THAT DISRUPTED DIRECT DEPOSIT, CHEQUE PAYMENTS HAS BEEN RESOLVED

G&M (2026-01-28)

“We are deeply sorry for the inconvenience the earlier technical issue has had on our clients, and sincerely appreciate their patience as we worked through this,” Ms.


BIG BANKS’ SALES TARGETS CAN PRESSURE MUTUAL FUND ADVISERS TO SKEW ADVICE TO CLIENTS, REVIEW FINDS

G&M - Clare O'Hara (2025-07-11)

A regulatory review of the sales practices at Canada’s Big Five banks found that mutual fund advisers face a high degree of pressure to meet sales targets, which can lead to products or services being offered that are not in the clients’ best interests. In


I DITCHED MY BRICKS-AND-MORTAR BANK ACCOUNT AND IT’S ONLY BEEN POSITIVE

G&M - Salamaan Faroooqui (2025-07-11)

A couple of months ago, I took the plunge and finally got rid of my Big Six bank account. I


CANADA INFRASTRUCTURE BANK SET TO FALL WELL SHORT OF 2028 INVESTMENT TARGET: PBO

Yahoo Finance (2025-07-11)

In a new report released Thursday, the Office of the Parliamentary Budget Officer said the infrastructure bank is on track to disburse $14.9


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UK WATCHDOG SHUTTERS 1,600 UNLAWFUL FINANCIAL SERVICES WEBSITES

In addition, the FCA took action against illegal financial promotions by unauthorized “finfluencers” and canceled the authorizations of more than 1,500 firms, 20% more than in 2023 and more than triple the number in 2021, per the release.


VISA SEES EMBEDDED FINANCE SHAPING PAYMENTS IN SECOND HALF OF 2025

Embedded finance is rapidly reshaping the payments landscape by integrating financial services, especially payments, into a wide range of non-financial platforms. Whether ordering a ride, shopping online or booking a hotel, consumers increasingly expect payments to be invisible and frictionless. This shift enables businesses across sectors to offer more streamlined experiences and opens new opportunities for innovative partnerships and business models. The result is a more connected ecosystem, where payments are seamlessly embedded into users’ everyday digital activities.


MORTGAGE RENEWALS WILL STRAIN CANADIANS, BUT MOST WILL MANAGE: TD REPORT

“In the final two quarters of last year, mortgage interest payments declined by an average of 1.7%, providing enough relief to push total mortgage payments into contraction,” the report said.



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All amounts in millions of dollars