The halt is intended to enable the province to review the Financial Institutions Act and Credit Union Incorporation Act
The change in structure will allow the firm to broaden its ability to provide financial services to Canada’s credit union system
The CU now has the support it requires to pursue regulatory approval for federal CU status from several federal bodies, which is expected to take a year
A new bill from the provincial government is being characterized as the first major overhaul of provincial legislation governing credit unions in Alberta in 30 years
Combining the Fédération des caisses Desjardins du Québec and Caisse centrale Desjardins would simplify financial disclosure efforts
The move would enable the firm to better respond to members’ changing needs by bringing them new products and delivering new online banking and mobile technologies
CUs added $6.5 billion to Canada’s GDP, almost 28,000 direct jobs, $24.7 million in donations and $16.5 million in sponsorships to local communities in 2015
B.C. credit unions say they are a vital service and should not face the removal of a long-standing preferential tax rate
FirstOntario Investments’s new website provides easy access to the firm’s team of IIROC-licensed financial advisors
New offering will be a “full-service alternative” to Canada’s big banks