Poor debt provisions in retail trade spiked to C$81m, compared to a C$9m recovery a year earlier, according to the latest quarter-end results. This performance signifies the increasing pressure flowing from rising borrowing costs. In a communication shared with Reuters, the Bank informed automotive dealers that new agreements are off the table as of 15…
Read moreBitfinex, one of the world’s leading digital asset trading platforms, has announced that Peter Warrack, former Director of AML (Fintech Advisory) and Compliance Officer at the Bank of Montreal, has joined the exchange as Chief Compliance Officer (CCO). “We are exceptionally excited to have Peter join Bitfinex. His knowledge and experience, combined with our shared…
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Despite Bitcoin's hockey-stick price chart over the last week, hitting $7,500 level, still, the general perception of the digital currency is that it can be largely used for illegal purposes like drug and human trafficking, terrorist financing and others. Now, Vatican City is working with major financial institutions to better understand the use of crypto…
Read moreA look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right. → Alpari/KPMG update | https://www.leaprate.com/eIj3B FXCM shares update | https://www.leaprate.com/F0ZiA US Retail Forex |…
Read moreCanada and China have the potential to work together as a link between the Western business world and mainland China, furthered by the proposed establishment of an RMB hub, announced by Prime Minister Stephen Harper during his visit to China this past November, which will allow for the RMB to be traded freely with the Canadian dollar
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