TORONTO, May 11, 2020 (GLOBE NEWSWIRE) – Questrade (www.questrade.com) – Canada’s leading online brokerage company – donate 1 million meals to his long-time charitable partner, Food Banks Canada to help neighbors in need in communities across the country.

The current COVID-19 pandemic – including the increase in business closings, layoffs and employment insurance claims – is having a ripple effect on food banks. Many are already reporting increased demand, both in calls from new client registrations and in weekly household visits just weeks after the self-isolation measures began.

In Canada, many of the more than 3,000 food banks and community organizations that Food Banks Canada supports from coast to coast report that they face significant challenges as they provide essential services to the country’s most vulnerable. Many have seen drastic cuts in their food collection efforts, as well as a significant drop in the number of volunteers.

“This is what Canadians are doing at a time like this: we are helping our neighbors,” said Edward Kholodenko, President and CEO of Questrade. “We hope that our contribution will help the most vulnerable citizens, who, even before the COVID-19 crisis, made more than a million visits per month to food banks across the country. With a third of food bank users being children, countless families more than ever need our help just to meet their basic daily needs. We are fortunate to be able to help.

At this time of year, the organization typically sees a decrease in the volume of donations, which, combined with pressure from COVID on grocery retailers, has put additional strain on the ability of food banks to obtain basic items. essential for those who need it most.

“Food Banks Canada is grateful to partners like Questrade, who have been there with us, both before and during this crisis,” said Chris Hatch, CEO of Food Banks Canada. “Questrade understood that there were people in Canada who were food insecure long before the pandemic and they understand the need is only growing now.”

Questrade encourages all Canadians who are in a position to help consider making a financial donation to www.foodbankscanada.ca.

“We believe that there is no greater investment, especially at the moment, than the one we are making in each other,” Kholodenko added. “Given our mission to help improve the lives of Canadians, we wanted to make a significant contribution now to help the growing number of Canadians in need. “

About Food Banks Canada
Food Banks Canada is providing national leadership to alleviate hunger today and prevent hunger tomorrow in collaboration with the network of food banks from coast to coast. For 40 years, food banks have been dedicated to helping Canadians living with food insecurity. More than 3,000 food banks and community agencies come together to serve its most vulnerable neighbors who, last year, made 1.1 million visits to these organizations in a single month, according to the HungerCount report. Over the past 10 years, as a system, we have purchased and shared over 1.4 billion pounds of food and Food Banks Canada has shared nearly $ 70 million in funding to help maximize the collective impact and build local capacity – while advocating for a reduction in the need for food banks. Our vision is clear: to create a Canada where no one goes hungry. Visit www.foodbankscanada.ca.

About Questrade Inc.
Questrade (www.questrade.com) is the fastest growing online brokerage firm in Canada. It is transforming the Canadian financial services industry by leveraging technology to reduce fees while providing a viable alternative to traditional financial investment options, allowing Canadians to keep more of their money. As a leader and innovator in financial services, Questrade is a trusted ally and consumer advocate. With over 20 years of challenging the status quo as Canada’s leading non-bank online brokerage, over $ 12 billion in assets under administration and over 50,000 Canadians opening accounts and joining the Questrade family Each year, Questrade Financial Group offers a growing range of financial services which include online investing, wealth management and FX. Questrade has been named one of Canada’s Best Managed Companies for the eighth consecutive year, achieving Platinum status. For more information visit www.questrade.com.

Questrade, Inc. is a registered securities dealer, member of the Investment Industry Regulatory Organization of Canada (IIROC) and member of the Canadian Investor Protection Fund (CIPF).

About Questrade Wealth Management, Inc.
Questrade Wealth Management Inc. (“QWM”) provides professional investment management services through Questwealth Portfolios (www.questrade.com/questwealth-portfolios). QWM is an exempt market dealer, investment fund manager and portfolio manager. QWM is a wholly owned subsidiary of Questrade Financial Group Inc.

For more information, visuals or to arrange an interview with Questrade President and CEO Edward Kholodenko, please contact Susan Willemsen of The Siren Group Inc. Tel. : 416-461-5270 or m. 416-402-4880. Email: [email protected] Visit www.thesirengroup.com and on Facebook, Twitter and Instagram @thesirengroup.

To contact Food Banks Canada CEO Chris Hatch, please contact Sarah Soteroff at [email protected] Phone. : 416-838-0077.