Industry

Decorative pattern

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(October 23, 2008) The Canadian Life and Health Insurance Association has joined its counterparts from around the world in calling for greater regulatory co-operation, at a meeting of the International Association of Insurance Supervisors (IAIS) in Budapest, Hungary. “Insurance associations around the world wanted to make a clear statement to regulators about the need for […]

By Staff |October 23, 2008

1 min read

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(October 22, 2008) The government of Ontario has slashed its estimates for economic growth, to 0.1% from 1.1% for the year, in its 2008 Ontario Economic Outlook and Fiscal Review, released late Wednesday. “Today’s economic reality is forcing governments around the world to re-examine their expenditures, adjust their assumptions and respond to an environment where […]

By Staff |October 22, 2008

2 min read

Decorative pattern

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(October 21, 2008) It’s tough for people to move from their home country and start a new life in Canada, but it’s especially difficult when economic fears are plaguing the nation. To help newcomers adjust to life in this country, RBC has created a Welcome to Canada package, full of important financial information and discounts. […]

By Staff |October 21, 2008

1 min read

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(October 20, 2008) The Pan-Canadian Investors Committee for Third-Party Structured ABCP has announced that the proposed restructuring of the ABCP market in Canada will not be completed before the end of October, as previously expected. “The committee, its advisors and I are committed, as we have been throughout, to implement the restructuring at the earliest […]

By Staff |October 20, 2008

1 min read

Decorative pattern

Are your clients’ pensions in trouble?

With pension plans losing money thanks to the market downturn, clients are becoming increasingly worried about whether they’ll have money left for retirement. And they have reason to be nervous. The majority of plan members in Canada participate in defined contribution (DC) pension plans. These act like RRSPs, with members contributing money into different funds; […]

By Bryan Borzykowski |October 20, 2008

2 min read

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(October 17, 2008) While Canada may be heading into a recession, with job losses in manufacturing mounting, there is one industry that seems to struggle to fill its ranks: insurance. “The recruiting pyramid has been flipped upside down,” says Donald Givelos, founder of DGA Careers, which specializes in recruiting for the insurance industry. “Years ago, […]

By Staff |October 17, 2008

4 min read

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Charlie Spiring offers tips to survive the bear

He may be CEO of one of the country’s fastest-growing independent investment firms, but Wellington West’s Charlie Spiring was in advisor mode on Wednesday evening as he explained to more than 600 clients and prospects in Toronto how they could weather the bear market. The Winnipeg-based Spiring remains a personal advisor on more than $700 […]

By Mark Noble |October 16, 2008

5 min read

Decorative pattern

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(October 16, 2008) Advisors might be excited about the new Tax-Free Savings Accounts that come into effect on January 1, but how about your clients? According to a new Investors Group poll, only 46% of Canadians plan to open a TFSA, while 17% of those expect to invest the full $5000 amount. The poll found […]

By Staff |October 16, 2008

1 min read

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CI Financial to convert to a corporation

CI Financial has announced that it will convert back to a corporate structure, ahead of the January 1, 2011, imposition of a new tax regime that will eliminate the advantages of the income trust structure. “The unprecedented situation in today’s markets has created attractive opportunities for acquisitions in the asset management business,” said CEO William […]

By Steven Lamb |October 15, 2008

1 min read

Decorative pattern

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(October 15, 2008) The turmoil in the United States is limiting Canadian economic growth to 0.8% in 2008, but Canada will avoid a recession, according to a report by the Conference Board of Canada. “To understand Canada’s outlook, we need to separate the extraordinary current financial turmoil from the impact on the real economy,” says […]

By Staff |October 15, 2008

4 min read

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