Industry

Disability insurance making a comeback, brokers told

(November 5, 2004) Young working Canadians are starting to express a renewed interest in disability insurance, a product whose popularity has been on the decline in recent years. Keith Malkin, living benefits consultant at Canada Life, says fewer advisors sell disability insurance than 10 years ago, partly due to the enthusiasm over critical illness products. […]

By Art Melo |November 5, 2004

2 min read

Oil could derail global growth

(November 5, 2004) While the global economy has powered on for over a year, the high cost of fossil fuels threatens to put on the brakes, according to The Conference Board of Canada. In its World Outlook – Autumn 2004, the think-tank says the world economy should experience growth of 4% for the current year, […]

By Steven Lamb |November 5, 2004

1 min read

Reports of laundering on the rise

(November 4, 2004) Evidence that Canada may indeed be a haven for money laundering was tabled in the House of Commons today, as Finance Minister Ralph Goodale released the 2003-04 Annual Report of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The total value of suspicious transactions tracked by FINTRAC rose dramatically in […]

By Steven Lamb |November 4, 2004

1 min read

Industrial Alliance to acquire BLC-Rothschild

(November 4, 2004) Montreal-based life insurance firm Industrial Alliance has signed an agreement to purchase BLC-Edmond de Rothschild Asset Management from Laurentian Bank and Paris-based Compagnie Financière Edmond de Rothschild Banque. The deal will include an upfront payment of $65 million and a final payment of $8 million five years after the transaction closes, subject […]

By Doug Watt |November 4, 2004

1 min read