News

A Great Recession, but No Depression: DBRS

Canadians shouldn’t be too quick to think of an early end to the present downturn, says Canadian bond rating agency DBRS. It’s only just begun. …

“Sorry” Doesn’t Mean Liability: Ontario Passes Apology Act

Homeowners, drivers and business owners can say “sorry” without affecting their liability coverage under new legislation passed in Ontario.
According to the Apology Act-Bill 108, …

ICBC Lowers Rates

Stable year-end financial results for British Columbia’s public auto insurer will mean lower optional auto insurance rates for the province’s drivers in 2009.
Although the …

Rumoured ING Canada-Aviva Tie-Up Still Leaves Ample Choice

There are reports this morning that Intact Insurance, the recently rebranded ING Insurance Company of Canada, is in talks to buy the Canadian operations of …

IT Best Practices Create “Model Carriers”: Analyst

When it comes to insurers and IT, there’s no such thing as a “model carrier,” but some are parlaying specific best practices into IT success, …

Global losses estimated at $50 trillion

As the front line of the financial services industry, advisors are well aware that the current investment climate is among the worst in history. …

Briefly: Feds to Consult on Pension Plans

The federal government will launch a two-month, cross-country consultation
campaign next week on the state of federally regulated …

Work-sharing Agreements Extended to 52 Weeks

The federal government has implemented changes to work-sharing agreements
to allow more Canadians to continue working while companies …

Briefly… Western Financial Group Acquires Bakes-Jarvie

Financial services powerhouse Western Financial Group has acquired Nanaimo,
B.C.-based Bakes-Jarvie Insurance Brokers Ltd. The deal—which took

M&A on the Rise in Emerging Markets

Despite a slowdown in global mergers and acquisitions activity, emerging
countries have exhibited a steady upward trend in …

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