Real-time wage apps helping revolutionize currency exchange

Cryptocurrencies may still be experimental but they’re already driving competitive pressure on established institutions

Real-time wage apps helping revolutionize currency exchangeYour money is worth more to you today than tomorrow. This financial truth – the time value of money – backs the case for real-time pay, a nifty tool for the benefit of workers. Although Canadian unemployment is at a four-decade low, wage growth has stagnated and bankruptcies have spiked. This is where real-time pay delivers,…

Don’t sell ATB Financial, use it to save Alberta’s finances

Let’s modernize our public accounts, and use our financial strength and institutions to advance the public interest and eliminate the debt

Don’t sell ATB Financial, use it to save Alberta’s financesWould a cash-strapped government of Alberta sell its own bank? According to reports, Scotiabank has made an offer to purchase ATB Financial. And, given the perilous fiscal conditions in the province, it's possible the government will sell. That would be huge mistake. By doing so, any government would have to betray rural Alberta and then…

Giving Alberta energy workers their own banking option

Adam Battistessa of SPARK talks about how the credit union can make a difference to workers and to the broader community

Giving Alberta energy workers their own banking optionAdam Battistessa is chair of SPARK The Energy Credit Union. What is SPARK and how does it operate? Battistessa: SPARK The Energy Credit Union is an Alberta-based credit union that is exclusively dedicated to providing financial services to Alberta’s energy industry workers, contractors and their families. Our credit union has been around for over 65 years…

How banks can help Canada’s SMEs

They could start by formalizing the treatment of intangibles so (some of them) can be collateralized for banking purposes

How banks can help Canada’s SMEsA  survey of SMEs (Small to Medium sized Enterprises) I once read laid bare the hard facts about running a technology-related business in Canada. On the upside, the ingredients for growth for SMEs were easily identified; they include better access to management, planning, marketing, manpower and product development. What was surprising, perhaps, was the realization…

3 first steps to cleaning up your finances

A financial housecleaning is at least as important as getting rid of old newspaper and kitchen crumbs

3 first steps to cleaning up your financesDo you have a hard time keeping track of bank accounts and bills? It may be time to clean up your finances. If you're like me, you clean the pantry and toss out old newspapers and flyers every week or so, but you may go several months without de-cluttering your finances. Our priorities may be…

Record Canadian use of Interac e-Transfers in 2018

More than 371 million transactions worth a total of more than $132 billion

Record Canadian use of Interac e-Transfers in 2018Canadians used digital money transfer service Interac e-Transfer more than one million times per day last year. In a news release on Tuesday, Interac said it experienced record numbers in 2018 – more than 371 million transactions worth a total of more than $132 billion, representing a 54 per cent increase in volume and a…

ATB Financial net income drops by close to 45% from a year ago

Third quarter marked by challenges in the energy market

ATB Financial net income drops by close to 45% from a year agoATB Financial reports that its net income for its fiscal third quarter, which ended Dec. 31, 2018, was $51.8 million – a decrease of 44.9 per cent from the previous year. Operating revenue rose by five per cent to $427.2 million and deposits increased by 7.1 per cent to $35.9 billion. ATB said loans also…

Offering entrepreneurs the help, advice and skills they need to succeed

Chris Proctor of ATB’s Entrepreneur Centre talks about the attributes you need to make your venture shine

Offering entrepreneurs the help, advice and skills they need to succeedChris Proctor is director of the Entrepreneur Centre YYC with ATB Financial. What’s the Calgary Entrepreneur Centre and what does it do? Proctor: ATB Financial created the Calgary Entrepreneur Centre to support Alberta’s entrepreneur community. We offer a full-service banking facility with extra proficiency and expertise to help small business owners. At the Entrepreneur Centre,…

Why credit unions make sense for Albertans

Ian Burns of Alberta Central talks about the credit union system’s great history of innovation, customer service and security

Why credit unions make sense for AlbertansIan Burns is CEO of Alberta Central. What is Alberta Central and what does it do? Burns: Alberta Central is the central banking facility, service bureau and trade association for Alberta’s credit unions. We’re owned by 17 credit unions that together have more than $25 billion in system assets and serve more than 628,000 members…

Central banks’ overreach risks another recession

We need a decentralized, innovative and transparent banking system driven by free-market principals

Central banks’ overreach risks another recessionAs financial markets around the world erupt, dampening the festive spirit of this time of year, plenty of blame has been passed around. There are some notable geopolitical risks in the Middle East, Ukraine, North Korea, Pakistan and elsewhere. There’s the trade war between China and the United States. There are also signs of slowing global…