Alternative financing, new budgeting app, changes at Koho, and more.
This week’s Competitive Intelligence Update looks at the 2024 Budget and its announcement that the federal government is exploring new measures to expand access…
April 24, 2024
OSFI Issues Strategy and Departmental Plans
On April 9th and 10th, OSFI issued its strategy and departmental plans, respectively, and outlined its plan to align with commitments in the 2023…
Department of Finance Released Detailed Memo on Open Banking After Federal Budget Announcement
On April 16, Deputy Prime Minister and Finance Minister Chrystia Freeland announced its spending plan for the year, including an update on the progress…
Federal Budget Includes One Year Extension to Bank Act Review Process
Among many other measures of relevance to the credit union sector, last week’s Federal Budget also included a one year extension to the currently…
Understanding Financial Wellness Across Generations
The choice of a financial institution can influence personal and generational financial well-being. Continuing our series on Canadians’ financial health, the Canadian Credit Union…
April 22, 2024
CanadaDE Credit Union Leadership Program kicks off in Halifax in June – Five Emerging Credit Union Leader Bursaries Available
Are you a credit union professional looking to elevate your knowledge of the credit union sector? The International Centre for Co-operative Management at Saint Mary’s…
Three Credit Unions Enter Merger Discussions to Create a Uniquely Manitoban Credit Union
To serve the best interests of their members, employees, and communities, the boards of Directors and leaders of three Manitoba credit unions, Assiniboine Credit…
New law mandates banks use Carbon Rebate label when issuing direct deposits to Canadians
The federal government now requires Canada’s banks to use the appropriate label when issuing direct deposits for carbon rebates. Canada’s Environment Minister Steven Guilbeault…
OSFI Seeks Feedback on the Second Phase of the Standardized Climate Scenario Exercise
Following the Office of the Superintendent of Financial Institutions (OSFI) first consultation on the Standardized Climate Scenario Exercise in October 2023, OSFI recently announced…
April 19, 2024
Prospera Credit Union donates $5,000 to Local Kids Breakfast Program in Penticton
Credit unions care about their communities. Prospera Credit Union recently donated $5,000 to the Feedway Foundation’s Breakfast Club – a program dedicated to feeding…
April 17, 2024
