Industry

Briefly:

(June 1, 2007) There’s no better way to start the weekend than with a little giving. Announced Friday, Blake Goldring, chairman and CEO of AGF Management is donating $15.1 million to the University of Toronto. The gift is meant to improve student life and athletics at the university, with $11 million slated to upgrade athletic […]

By Staff |June 1, 2007

3 min read

Rubin predicts parity, trims bonds

The Canadian dollar is headed toward parity with its U.S. counterpart and the Bank of Canada will not step in to prevent it, according to one of Canada’s most outspoken bank economists. “With the national jobless rate plumbing 30-year lows and core inflation now bobbing above the Bank of Canada’s target range, our earlier assumption […]

By Steven Lamb |June 1, 2007

2 min read

Signatures slowing down insurance industry

It’s been said over and over again: the life insurance industry relies too much on paper, and not enough on technology. So what’s the holdup? How about handwritten signatures? Every life insurance policy requires a handful of signatures, which traditionally means grabbing a pen and putting your John Hancock on paper. But Tim Fitzpatrick, president […]

By Bryan Borzykowski |June 1, 2007

3 min read

Banks subject to provincial insurance law

In a decision that is bound to shake the financial services industry, the Supreme Court of Canada has ruled that banks are, in fact, subject to provincial insurance law. The ruling represents a major impediment to the banks’ quest to sell insurance in their branches. “The [Alberta] Insurance Act and its associated regulations apply to […]

By Staff |May 31, 2007

4 min read