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Say an independent Alberta becomes a reality. Aside from all the constitutional questions, not to mention questions around treaty rights, passports, and trade, it’s unclear what it would mean for day-to-day banking and the millions in the province who own a home. The Alberta Prosperity Project, which has advocated for …
Read More »Canadian manufacturers welcome pause on tariff hikes — but they’re still not banking on U.S. market
Listen to this article Estimated 3 minutes The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Shediac kitchen cabinet manufacturer James McKenna heaved a sigh of relief on New Year’s Eve, when …
Read More »Online banking fraud leaves Winnipeg woman on hook for $174K debt
A Winnipeg woman is warning others about what can go wrong in online banking after a credit union is holding her responsible for a debt of more than $174,000 from fraudulent transactions. Linda Klassen and her husband, Rudy, used their home computer for online banking, but in May 2024, someone …
Read More »RBC employee charged for allegedly accessing Carney’s banking information
The RCMP has charged an Ottawa Royal Bank of Canada employee after he allegedly accessed Prime Minister Mark Carney’s banking profile as part of a criminal plot. The Mounties confirmed Wednesday they charged Ibrahim El-Hakim, 23, with fraud over $5,000, unauthorized use of a computer, identity theft and trafficking in identity information. …
Read More »Scotiabank ‘technical issue’ leaves customers without paycheques – National
Descrease article font size Increase article font size Scotiabank says a “technical issue” has left some customers’ payments, including direct deposits, not being put into their accounts. Friday morning, posts on X started to flood in with customers asking the bank where their paycheques were and some turning to the …
Read More »Federal probe angers one of Canada’s largest mortgage broker networks
The company that operates one of Canada’s largest networks of residential mortgage brokerage firms is under federal investigation amid allegations it has adopted anti-competitive business practices to thwart an emerging rival. The Competition Bureau is investigating Dominion Lending Centres Inc. (DLC), a company whose franchise network includes 7,981 brokers working in 10 provinces through 544 franchises. Collectively, DLC brokers helped Canadians get $140 billion in home loans in 2021 and 2022. In an interview, Dominion Lending …
Read More »Silicon Valley Bank’s Toronto branch seized by Canada’s banking regulator amid collapse
Canada’s banking regulator has temporarily seized the assets of Silicon Valley Bank’s lone Canadian branch after the financial institution collapsed. U.S. banking regulators were forced on Friday to urgently close the California-based institution after billions of dollars were withdrawn by fearful depositors, leading to a run on the bank, which …
Read More »Vietnam-based Timo Bank raises $20M led by Square Peg, its first outside funding since its 2015 founding, as it aims to acquire a digital banking license (Deepti Sri/Tech in Asia)
Deepti Sri / Tech in Asia: Vietnam-based Timo Bank raises $20M led by Square Peg, its first outside funding since its 2015 founding, as it aims to acquire a digital banking license — Vietnam-based Timo Bank has raised US$20 million in a fresh financing round led by Square Peg, a …
Read More »Phone Stolen? Things to do to keep your banking details and online wallet safe
Do you know that thieves these days look for just one thing once they get hold of your mobile phones? Your bank details. Not to forget with more and more people opting for digital payment apps, it’s not that difficult for smartphone thieves to access these wallets. To give you …
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