Posts in Financial
Open Banking in Canada: The Time is Now

There have been many conversations recently about Open Banking. For those who aren’t aware, Open Banking provides a secure way for consumers to control and share their financial data with third-party providers and ultimately benefit from a greater range of innovative financial services. According to the Berlin-based Open Banking Project, almost 100 countries have either adopted or are considering adopting some form of Open Banking this year. While this is undoubtedly the way of the future, here at home, Canadians are still waiting. A diverse chorus of voices have been advocating for action and notably, implementation of a hybrid, made-in-Canada solution, as per the latest report from the Government of Canada’s Advisory Committee on Open Banking.

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Celebrating the payroll professionals at the heart of business

The National Payroll Institute’s Portraits of Payroll program

Payroll professionals are typically used to working behind the scenes, quietly getting important things done with little attention on them and their efforts – as long as pay ends up in employees’ accounts. The National Payroll Institute had a different idea – creating its Portraits of Payroll program to shine a spotlight on the expertise and contributions of those who work in these pivotal roles in organizations across Canada.

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Time for change

Fundraising professionals urge the creation of a single secretariat for the charitable sector

Canada’s nonprofit sector makes up 8.4 per cent of GDP – more than oil and gas – and provides 2.7 million jobs, yet it continues to suffer from a Cinderella syndrome, unrecognized for its important place in the country’s economy and lacking representation at the highest levels of government.

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Putting consumer data preferences at the Core of Open Banking Strategy

With over 25 years of industry-wide expertise, Symcor enables secure data exchanges for many of Canada’s largest organizations. By developing solutions that address common challenges, Symcor provides both agility and security to meet evolving market needs. This critical balance is especially important as the country progresses on its Open Banking journey.

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Canadian companies explore global clean energy opportunities

The drive towards a net-zero global economy coupled with concern over energy security in Europe and elsewhere following Russia’s invasion of Ukraine has created a “generational economic opportunity” for Canada to become a clean energy and technology supplier of choice to the world, according to Natural Resources Canada (NRC).

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Legacy gifts support development projects well into the future

Ann Speak’s relationship with Cuso International began in the 1980s, when she spent two years as a volunteer in Nigeria. The experience was life-changing, she says, and it was the foundation of a strong bond with Cuso International that hasn’t wavered. Ever since, Ms. Speak has continued to be an active volunteer and donor, and she worked as a member of the organization’s staff as a fundraiser for 12 years.

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500,000+ CANADIAN EMPLOYEES HAVE SPOKEN

People and Profits

The Best Workplaces in Canada, and around the world, prove that investing in workplace culture makes good business sense. Employees with consistently positive experiences in the workplace are more likely to stay with the organization, experience less burnout, give higher levels of effort, and drive faster rates of innovation.

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Fraud Prevention Month

With cyber criminals more organized and sophisticated than ever, security professionals developing new measures to stay ahead of attackers

With more than two decades of experience working in cybersecurity, Theo van Wyk has witnessed dramatic changes in the nature and sophistication of cyber threats and has been on the front lines of developing security solutions for a rapidly expanding and increasingly complex IT environment.

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Folie Technique: over 32 years of fun for budding scientists

In pictures, the kids are wearing colourful camp t-shirts and huge smiles, but also lab coats and safety goggles. They’re holding smoking beakers and rockets. It’s clear the 2,000 or so young people aged seven to 17 who attend each year Folie Technique – one of Canada’s oldest science camps – are there to have fun, but also to learn.

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Badging programmes break down barriers and build up students

As a mentor and teacher with the Peel District School Board (PDSB) in Ontario, Kim Thomas has worked with children and youth from marginalized and equity-deserving communities for almost 30 years. These students, says Thomas “have faced some of the greatest barriers” in accessing educational opportunities. And while the PDSB “has been very intentional around dismantling anti-Black racism,” she is excited about new program partnerships with corporations and organizations that “open up doors for Black and Indigenous students.” These learning initiatives have the potential to “bring the kids from the back of the line to the front,” says Thomas.

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The road to financial resilience

t’s been nearly three years since the onset of the global pandemic, yet it continues to have a profound impact on our lives today – including our finances. For some Canadians, the financial impact of COVID-19 was positive: lockdowns led to cancelled travel plans and a big drop in spending, leading to many months of forced savings. For others – especially those whose income was affected by the pandemic – budgets were stretched to their limits and savings were depleted.

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Experienced financial planners can help Canadians successfully ‘retire once’

For most of us, no matter what stage of life we are in, the evolving state of the Canadian economy can easily generate anxiety. We see inflation rates hitting their highest levels in decades and the steady upward climb of interest rates in a bid to tame inflation. And we see the intensifying drumbeat of media headlines touting a “looming recession.”

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