Industry

TFSAs: Who has them and why

Recent RBC survey data shows how many Canadians have TFSAs, and what they’re doing with them. Looking at the Canadian public as a whole, an overwhelming majority—77%—have heard about TFSAs, but less than half of this group has actually opened one. About 20% have withdrawn money from their TFSAs—most often to cover an emergency. Younger […]

By Staff |February 1, 2011

1 min read

Fundco consolidation plays close

A pair of high profile deals in the mutual fund industry closed today, with Scotiabank finalizing its acquisition of DundeeWealth, and AGF closing its deal to buy Acuity. Scotiabank announced that 118 million common shares – as well as all special shares, series C and first preference shares, series X – had been tendered to […]

By Steven Lamb |February 1, 2011

3 min read

JRSL increases holdings of GMP

James Richardson & Sons has announced its acquisition of 323,400 common shares of GMP Capital and 1,816,231 warrants to acquire common shares of GMP, since August 24, 2010. The common shares were acquired through the Toronto Stock Exchange and the warrants purchased in a private transaction. James Richardson & Sons, along with its subsidiary, Richardson […]

By Staff |January 31, 2011

1 min read

Yes, you can insure a drug user

Soft drugs, such as marijuana and hashish do not mix well with each other, nor with traditional life insurance. And hard drugs, such as cocaine and heroin, make for an even tougher combination. The considerations go beyond definitions of legality and extend to the insurers’ risk management processes, explains Lorne Marr, a seventeen-year veteran of […]

By Al Emid |January 31, 2011

4 min read