NationMaster - Encyclopedia: President's Choice Financial

President’s Choice Financial is a financial institution that offers banking services through a joint venture between Loblaw Companies (a supermarket chain) and CIBC (a major Canadian bank). There are a number of distinct organizations under the President's Choice Financial umbrella. In financial economics, a financial institution acts as an agent that provides financial services for its clients. ... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ... Loblaw Companies Limited (TSX: L) (LCL) is the largest retailer in Canada, with over 1,690 supermarkets operating under a variety of regional banners, including the namesake Loblaws. ... Packaged food aisles in a Fred Meyer store in Portland, Oregon A supermarket is a departmentalized self-service store offering a wide variety of food and household merchandise. ... The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, also French: Banque Canadienne ImpÃ©riale de Commerce, is Canadas fifth largest bank with over 1,100 branches across Canada and over 38,500 employees is primarily marketed as CIBC. CIBC and its subsidiaries Amicus Bank and Presidents... For other uses, see Bank (disambiguation). ...

Most standard bank products are provided by CIBC (a major Canadian bank). MasterCard services are provided by President's Choice Bank, a wholly-owned subsidiary of Loblaw Companies. Insurance is provided by PC Financial Insurance Agency Inc., a wholly-owned subsidiary of Loblaw Companies. The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, also French: Banque Canadienne ImpÃ©riale de Commerce, is Canadas fifth largest bank with over 1,100 branches across Canada and over 38,500 employees is primarily marketed as CIBC. CIBC and its subsidiaries Amicus Bank and Presidents... For other uses, see Bank (disambiguation). ... MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, NY in the United States. ... Loblaw Companies Limited (TSX: L) (LCL) is the largest retailer in Canada, with over 1,690 supermarkets operating under a variety of regional banners, including the namesake Loblaws. ...

PC Financial has no branches; rather, customer interactions are carried out over the Internet, the telephone, at ABMs or at pavilions located inside Loblaw-affiliated stores. For other uses, see Telephone (disambiguation). ... Cash machine redirects here. ...

President's Choice Financial was rated as the best mid-size bank by J.D. Power.^[1] J.D. Power and Associates is a global marketing information services firm founded in 1968. ...

President's Choice Financial

PC Financial banking offers insurance products, lines of credit, loans, RRSPs, and mortgages. Services are available in all Canadian provinces, except Quebec. . ...

To benefit from its low-cost, "no-fee" structure, clients must be comfortable performing transactions on the Internet, at the bank machine, or by telephone.

Between January 2001 and October 2005, banking services for PC Financial were provided by Amicus Bank, a wholly owned subsidiary of CIBC. Outside of those dates, banking services were provided by the direct banking division of CIBC. Amicus is now a division of CIBC Retail Markets and is no longer a separate legal entity. Amicus Bank was a wholly owned unit of CIBC and provided non-traditional banking format to customer on the go. ... CIBC (NYSE: BCM) is one of Canadas major banks. ...

Memberships

PC Financial, through CIBC, is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also an Interac member. The Canadian Bankers Association is an organization representing Canadas chartered banks and provides services to improve the wellbeing of its membership (banking lobby, policy development, research and support) and to consumers of banking services. ... Canadian Deposit Insurance Corporation or CDIC is a federal agency that provides insurance (up to a $60,000 CAD per personal and on Canadian accounts only) on financial services provided by chartered Canadian banks and financial institutions. ... Interac Logo Interac Association is a Canadian organization linking enterprises that have proprietary networks so that they may communicate with each other for the purpose of exchanging electronic financial transactions. ...

Services offered

MasterCard

The President’s Choice Financial MasterCard is issued by President's Choice Bank, a subsidiary of Loblaw, in association with Credit Union Electronic Transaction Services^[3]. PC MasterCard has no relationship to CIBC, although cash advance fees are waived at CIBC bank machines. MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, NY in the United States. ... Loblaw Companies Limited (TSX: L) (LCL) is the largest retailer in Canada, with over 1,690 supermarkets operating under a variety of regional banners, including the namesake Loblaws. ...

PC Financial MasterCards are embedded with PayPass technology.^[4] MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, NY in the United States. ...

Insurance

President's Choice offers auto insurance, home insurance, pet insurance, and travel insurance underwritten by Scottish & York Insurance Co. Limited, S&Y Insurance Company, SecuriCan General Insurance Company and American Home Assurance Company. To meet Wikipedias quality standards, this article or section may require cleanup. ... Home insurance, also commonly called hazard insurance or homeowners insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes. ... Pet Insurance pays the veterinary costs if ones pet is ill or is injured in an accident. ... Travel insurance is insurance that is intended to cover medical expenses, financial and other losses incurred while traveling, either within ones own country, or internationally. ...

PC Points

President's Choice Financial products offer reward points (called PC Points) through various channels depending on the product (e.g. making purchases on the PC MasterCard, setting up direct deposit to a PC Financial bank account, renewing insurance, etc.) PC Points are provided by President's Choice Bank. PC Points is a rewards program offered by Presidents Choice Financial when users utilize their MasterCard, banking services or insurance products. ...

Footnotes

See also

External links

// Government Bank of Canada (Central Bank) Business Development Bank of Canada â€œBig sixâ€ banks Royal Bank of Canada Toronto-Dominion Bank Canadian Imperial Bank of Commerce Bank of Montreal Bank of Nova Scotia National Bank of Canada Many of these banks have diversified into financial services that used to be... Image File history File links This is a lossless scalable vector image. ... AMEX Bank of Canada is a unit of American Express Canada (AMEX Canada) and is owned by American Express of the United States. ... Alberta Treasury Branches, also known as ATB Financial, is a financial institution and crown corporation owned by the Government of Alberta. ... BMO redirects here. ... The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. ... The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, also French: Banque Canadienne ImpÃ©riale de Commerce, is Canadas fifth largest bank with over 1,100 branches across Canada and over 38,500 employees is primarily marketed as CIBC. CIBC and its subsidiaries Amicus Bank and Presidents... Canadian Tire Financial Services is the credit arm of Canadian Tire. ... The Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. ... Citibank Canada is a unit of Citigroup of New York City. ... Citizens Bank of Canada is a British Columbia, Canada based internet bank insured by the CDIC that was started in 1997. ... First Nations Bank of Canada (or FNBC) was established in 1996 after receiving a Letters Patent from the Government of Canada. ... HSBC Bank Canada, formerly the Hongkong Bank of Canada, is a bank in Canada that is part of British banking giant HSBC - one of the largest banking groups in the world. ... The Laurentian Bank of Canada is a Quebec based bank. ... The Manulife Bank of Canada was founded by the Manufacturerâ€™s Life Insurance Company of Canada or Manulife Canada on January 1, 1993, by merging Cabot Trust Company, Huronia Trust Company, and the Regional Trust Company. ... National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. ... The Royal Bank of Canada (TSX: RY, NYSE: RY) is Canadas largest company. ... Scotiabank (Banque Scotia)(TSX: BNS NYSE: BNS), formally known as The Bank of Nova Scotia is one of Canadas Big Five banks. ... TD Canada Trust is the personal, small business and commercial banking operation of The Toronto-Dominion Bank. ... For the Australian food company, see George Weston Foods. ... For other uses, see Corporation (disambiguation). ... Chairman of the Board redirects here. ... Charles Baille is the CEO of the TD Bank Financial Group. ... Member of several prestigous Canadian Board of Directors. ... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Professor Robert S. Prichard is a lawyer, economist, and academic. ... Willard Gordon Galen Weston, OC, OOnt, (born October 29, 1940) is a Canadian businessman and descendant of George Weston of the George Weston Bakeries Limited. ... Presidents Choice is the upscale private label brand of Loblaw Companies Limited, covering a wide variety of food, drinks and other products found, in Canada, only through Loblaw-owned or -supplied stores including Loblaws, Zehrs, Maxi, Provigo, The Real Canadian Superstore, Atlantic Superstore, and (in Newfoundland and Labrador) Dominion. ... This article is about brands in marketing. ... Presidents Choice is the upscale private label brand of Loblaw Companies Limited, covering a wide variety of food, drinks and other products found, in Canada, only through Loblaw-owned or -supplied stores including Loblaws, Zehrs, Maxi, Provigo, The Real Canadian Superstore, Atlantic Superstore, and (in Newfoundland and Labrador) Dominion. ... PC Points is a rewards program offered by Presidents Choice Financial when users utilize their MasterCard, banking services or insurance products. ... The word drink is primarily a verb, meaning to ingest liquids. ... This article is about brands in marketing. ... Entenmanns is a bakery brand now owned by Canadian company George Weston Limited. ... Extortion, outwresting, or exaction is a criminal offense, which occurs when a person either unlawfully obtains money, property or services from another through coercion or intimidation or threatens one with physical or reputational harm unless they are paid money or property. ... William Neilson Dairy Limited is a Canadian dairy company owned by George Weston Limited. ... no name (French sans nom) is a brand used by Loblaws and No-Frills grocery stores in Canada to refer to their value line of private label brand products. ... THIS PAGE HAS BEEN VANDELIZED. ... A typical loaf/slice of Wonder Bread(Canadian packaging) Products with the new Wonder Bread logo Wonder Bread is a North American brand of white bread. ... Loblaw Companies Limited (TSX: L) (LCL) is the largest retailer in Canada, with over 1,690 supermarkets operating under a variety of regional banners, including the namesake Loblaws. ... Supermarket produce section A supermarket is a store that sells a wide variety of goods including food and alcohol, medicine, clothes, and other household products that are consumed regularly. ... Atlantic Superstore is a supermarket chain of 51 stores in Nova Scotia, New Brunswick, and Prince Edward Island. ... In Newfoundland and Labrador, Dominion is the primary brand name of the major-market supermarkets of Loblaw Companies Limited, Canadas largest food retailer, which uses that brand name under licence. ... Extra Foods is a Canadian supermarket chain operating 106 stores in Western Canada and part of Ontario. ... Fortinos is a Canadian supermarket chain operating 21 stores in Ontario (As of 2005). ... Loblaws, Toronto, 2007 Loblaws is a supermarket chain of 68 stores, headquartered in Brampton, with stores across Ontario and Quebec. ... Maxi is a grocery store located in Quebec, Canada. ... No Frills are discount grocery stores in the Toronto, Canada area that were either bought or developed by the Loblaws company, which became very profitable for George Weston, Ltd. ... Provigo is a Quebec-based grocery retailer consisting of over 300 stores and franchises throughout the province. ... Real Canadian Superstore [1] (often shortened to RCSS or Superstore; the alternate name Loblaw Superstore is presently being tested in some areas[2]) is a chain of hypermarkets owned by Canadian food retailing giant Loblaw Companies. ... SaveEasy (often seen as Save-Easy) is a chain of retail grocery store franchises in the Maritime Provinces of New Brunswick, Nova Scotia and Prince Edward Island, Canada. ... The Canadian SuperValu grocery store chain was active in the 1970s and 1980s, with many SuperValu stores being created from former Loblaws outlets (the two chains are related). ... valu-mart is a chain of grocery stores owned by Loblaw Companies Limited. ... Your Independent Grocer is a supermarket chain based in Ontario, Canada. ... Zehrs logo Zehrs Markets, or simply Zehrs, is a chain of grocery stores located in southwestern Ontario. ...

Contents

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