Category : Banking Finance


Canadian Fintech Investment Drops 75% in 2025

Investment in Canada's fintech sector fell dramatically to US$2.4 billion in 2025 from US$9.9 billion in 2024, with AI and digital assets leading activity amid a more disciplined market approach.

Bank of Canada Halts XTM Over Missing Payments

The Bank of Canada has ordered XTM Inc. to cease retail payment operations, citing a significant shortfall in client funds and a reported $19 million trust deficit affecting hospitality workers' wages and tips.

Bank of Canada Halts XTM's Payment Activities

The Bank of Canada has mandated restaurant tip management firm XTM to immediately stop all payment processing, citing significant regulatory compliance failures and potential risks to the financial system.

Guelph Senior Loses $84,000 in Bank Investigator Scam

Two Ontario women, including a senior from Guelph, were defrauded of $84,000 in a sophisticated bank investigator scam. Police warn of callers posing as bank representatives to steal personal information and funds.

Regulators Warn of Risks from Banks' Credit Risk Transfers

Global banking regulators express concerns about banks' increasing use of synthetic risk transfers, with Barclays and Raiffeisen Bank identified as major users. The Basel Committee warns these transactions create new financial system vulnerabilities.

Canada Should Reject Taxing Unrealized Gains

Taxing unrealized gains challenges core principles of modern tax systems, creating liquidity issues and uncertainty. Canada should maintain its realization-based approach for stability.

Sunk Costs and Ego Turn Smart Investors Reckless

Martin Pelletier explores how emotional attachment to past investments and ego-driven decisions can lead investors to make dangerous choices, drawing parallels to Olympic athletes and Everest climbers.

EQ Bank Aims to Become a Household Name in Canada

Canada's seventh-largest bank, EQ Bank, is launching an ambitious initiative to elevate its brand recognition nationwide. Under CEO Chadwick Westlake's leadership, the institution seeks to shed its anonymous acronym status and connect with consumers.

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