EQB unveils EQ Bank Tower as new national headquarters in Toronto
EQB Inc. (TSX:EQB), the parent company of Equitable Bank has officially opened the doors to its new national headquarters, the EQ Bank Tower in Toronto
Spanning 25,800 square metres across 13 floors, the new headquarters is a bold statement of the bank's commitment to innovation, sustainability, and people-centric design
The tower boasts a modern, sustainable design, with interiors furnished exclusively by Canadian manufacturers
EQB stock (TSX:EQB) opened trading at C$97.48
EQB Inc. (TSX:EQB), the parent company of Equitable Bank—self-proclaimed as Canada's Challenger Bank—has officially opened the doors to its new national headquarters, the EQ Bank Tower, located at 25 Ontario Street in Toronto's Downtown East, the traditional financial district.
The unveiling of the 24-storey tower marks a significant milestone in Equitable Bank's evolution as a digital-first financial institution. Spanning 25,800 square metres across 13 floors, the new headquarters is a bold statement of the bank's commitment to innovation, sustainability, and people-centric design.
The tower boasts a modern, sustainable design, with interiors furnished exclusively by Canadian manufacturers. It has already achieved LEED Gold Core and Shell certification, with additional certifications in progress, including LEED Interior Design and Construction (ID+C), LEED Operations and Maintenance (O+M), and the WELL Building Standard. The WELL Optimization for Accessibility and Universal Design is also underway, underscoring the bank's commitment to inclusivity and wellness.
Many aspects of the building were thoughtfully curated with the intent to enhance employee well-being and productivity. From lighting systems that align with natural circadian rhythms to restorative spaces designed to support mental health, the EQ Bank Tower is a workplace built with purpose.
'The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives,' EQB's president and CEO, Andrew Moor said in a news release. 'We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve.'
EQB Inc. is a digital financial services company, with combined assets under management and administration. Through its subsidiary, Equitable Bank, offers banking services. It operates through two main divisions: Personal Banking and Commercial Banking.
EQB stock (TSX:EQB) opened trading 0.65 per cent lower at C$97.48 at and has risen 13.81 per cent since this time last year.
Join the discussion: Find out what everybody's saying about this stock on the EQB Bullboard, and check out the rest of Stockhouse's stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
an hour ago
- Toronto Star
Competition Bureau reaches deal with Canadian Natural Resources over gas processing
The Canadian government's Competition Bureau website is pictures on a mobile phone and laptop screen in Ottawa on Monday, Oct. 2, 2023. THE CANADIAN PRESS/Sean Kilpatrick skp flag wire: true flag sponsored: false article_type: : sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false :
Vancouver Sun
5 hours ago
- Vancouver Sun
Transportation Minister Chrystia Freeland 'dismayed' about BC Ferries' contract with Chinese shipyard
VICTORIA — Federal Transport Minister Chrystia Freeland says she is 'dismayed' that BC Ferries has contracted a Chinese state-owned shipyard to build four new vessels in the current geopolitical context that includes 'unjustified' tariffs on Canada. Freeland says in a letter sent to provincial Transportation Minister Mike Farnworth that she expects BC Ferries to inform her about all measures that it plans to take to 'mitigate any security risks,' including cybersecurity problems that might arise from the decision. BC Ferries announced earlier this month that it has contracted China Merchants Industry Weihai Shipyards to build four new major vessels following a five-year-long procurement process that did not include a Canadian bid. Start your day with a roundup of B.C.-focused news and opinion. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Sunrise will soon be in your inbox. Please try again Interested in more newsletters? Browse here. Freeland adds she is 'surprised' that BC Ferries does not have a mandate for an 'appropriate level' of Canadian content in the procurement given the value of the contract, although the dollar figure hasn't been made public. Farnworth says in a statement that the ministry is reviewing the letter, adding that he has spoken with Freeland about the need to bolster B.C.'s shipbuilding industry. BC Ferries says in a statement that the Chinese bid was 'the strongest bid by a significant margin' and that security is a 'top priority,' adding that all sensitive systems will be sourced separately and independently certified before the vessels enter service. Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark and sign up for our daily newsletter, Posted, here .
Global News
6 hours ago
- Global News
Slowing sales raise questions about B.C.'s electric vehicle mandate
The British Columbia government is facing renewed questions about whether its aggressive electric vehicle (EV) sales mandates can be achieved. Under current B.C. law, 26 per cent of new light-duty vehicles sold in B.C. must be zero-emission by 2026, a figure climbing to 90 per cent in 2030 and 100 per cent in 2035. B.C. has, to date, been a Canadian leader in EV adoption, with 24 per cent of new vehicle shoppers snapping one up in 2024. But that momentum has run into trouble. Both Ottawa and B.C. phased out their EV subsidies earlier this year, and the auto industry says sales dropped quickly afterward. 2:24 BIV: EV sales in Canada plummet over last year 'The first quarter, we were pushing 19 per cent in adoption rate. In April, it was down to 15 per cent … in May it's about flat with 15 per cent again, so the math is just not there to achieve the 26 per cent in 2026,' said Blair Qualey, president and CEO of the New Car Dealers' Association of B.C. Story continues below advertisement 'The 2030 number is virtually impossible.' Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Powering British Columbia's roads under a fully electric scenario is another concern. Barry Penner, chair of the Energy Futures Institute, said his group modelled the electricity needs B.C. would face if it did meet its 100 per cent adoption target by 2035. 'It would require, at full implementation, two more site C dams worth of electricity. And this year, we have been importing electricity,' Penner said. 'In the last couple of years, on average, we've imported 20 to 25 percent. Of our domestic electricity needs from outside the province.' Penner said consumer behaviour has also been shifting towards plug-in hybrids, which are cheaper, but have typically not qualified for government rebates. 3:48 B.C. electric vehicle rebate pause The Ministry of Energy and Climate Solutions did not respond to a request for comment by deadline. Story continues below advertisement However, Global News obtained a technical review of B.C.'s Zero-Emission Vehicles Act and Regulation, which appears to show the government is open to adjusting the program. The document shows the province is considering 'several changes' to the legislation 'to respond to current economic conditions, support affordability for consumers, and lessen pressures on automakers.' Those changes include revising the 2030 zero-emission sales targets, amending compliance ratios for battery electric and hydrogen-powered vehicles, changing the percentage of plug-in hybrids dealers can sell under the law, and changing range requirements to ensure more vehicles qualify for credits. The document further notes that challenges to EV adoption still include range anxiety and vehicle price. 'They're more expensive on average than a non-electric vehicle. Some studies suggest about $8,000 per vehicle,' Penner said. 'Internal government polling shows almost 60 per cent of British Columbians say that's the number one problem buying an electric cars is the cost and yet what have they done? They've removed the rebate.' B.C. has been working to upgrade infrastructure; BC Hydro has installed about 600 fast chargers around the province, with more to come. 'And while the province has paused EV subsidies for now, the policy document hints that it is looking at 'new initiative agreement pathways to support affordability for consumers.' Story continues below advertisement The province is also conducting a wider review of its entire CleanBC program. Qualey said new rebates would help the situation, but argued that even with them in place, the targets are too aggressive. 'Ideally, we would like a pause on all of it right now to continue the conversation so the manufacturers, who are the obligated parties in all of this, can sit with government … (and determine) what targets are achievable,' he said.
