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Depositing a cheque to your bank account? There’s an app for that
Banking on the go is about to get a little easier. Westminster Savings has become the first financial institution in Canada to roll out a service that lets its clients deposit cheques to their...
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Rogers launches its ‘suretap’ virtual wallet
Rogers announced today it is rolling out a virtual wallet that will allow its customers to tap and pay with their smartphones. Rogers said its ‘suretap’ wallet will be available on select Android and...
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How to check if Heartbleed may have revealed your password and if a web site...
Estimates vary on the number of web sites that are affected by the security bug Heartbleed and those numbers are changing all the time as sites scramble to patch the security flaw. The Canada Revenue...
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Vancouver fintech company Trulioo announces $15 million in funding
Vancouver’s financial technology sector just got a boost today with the announcement of a $15-million funding round for Trulioo, a company that offers identity verification services for businesses and...
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Parents can now access grant for kids at BMO
Parents can now apply for the $1,200 B.C. Training and Education Savings Grant at BMO as well as at 350 credit unions in the province. Parents or grandparent need to open a Registered Education Savings...
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Vaughn Palmer: Nightmare housing scenarios good reason for government caution
VICTORIA — Tucked inside the latest Bank of Canada report on risks to the financial system were two nightmare scenarios for heavily mortgaged homeowners, particularly newcomers to the market in and...
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Auditor says B.C.'s salary cap preventing full audits of credit unions
VICTORIA — British Columbia’s auditor general says a staffing shortage at the Financial Institution Commission is hampering the review process for provincial credit unions. Carol Bellringer’s progress...
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Ficom staff shortage handicaps oversight of B.C. credit unions: auditor general
B.C.’s auditor general has warned the province’s oversight agency for credit unions is handicapped by an acute staff shortage. On Thursday, Auditor General Carol Bellringer released an audit saying...
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Vancouver-based clothing retailer Aritzia planning IPO
Vancouver-based clothing retailer Aritzia is planning an IPO, likely on the TSX, as early as the end of this year, according to a media report. Bloomberg quoted anonymous sources close to the deal...
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Banks' exposure to loans backed by residential real estate more than $1 trillion
Once upon a time, loans made by the big Canadian banks were split evenly between personal and commercial ones. But as they grew, the banks tilted heavily toward a mix of loans that is now as much 75...
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