Industry

Consumer, investor confidence holds up

Consumer confidence remained steady for most of 2010 in Canada, according to the Harris/Decima-Investor’s Group Index of Canadian Consumer Confidence. The overall measure was steady for the last six months after reaching a post-recession high of 89.0 in February. It closed at 82.8 in November. “Nationally, this year has seen Canadian consumer confidence dip for […]

By Brooke Smith |December 29, 2010

2 min read

OBSI offers financial resolutions

The next few weeks will see Canadians making – and for some, breaking – New Year Resolutions, ranging from eating better to quitting smoking. While improving physical fitness is an excellent goal, they should also try to get financially fit. To that end, the Ombudsman for Banking Services and Investments has offered up a Top […]

By Staff |December 29, 2010

2 min read

Mackenzie honours teen philanthropy

Mackenzie Financial has named the winner of its 2010 Top Teen Philanthropy Search. Sixteen-year-old Darren Cole, of Toronto, was recognized for his work with Food Banks Canada, which will receive a $5,000 donation in his name. Cole also receives $1,000 personally. “Once again, our contest has demonstrated that Canada’s younger generation have big hearts,” says […]

By Staff |December 29, 2010

2 min read

Desjardins set to buy Western Financial

Desjardins Financial Group has struck a deal to acquire Western Financial Group, the largest insurance and financial services retailer in Western Canada, for $443 million. Desjardins is paying a 70% premium to Western Financial’s closing share price on the TSX on December 22, 2010. “This transaction will allow us to accelerate our business development in […]

By Steven Lamb |December 29, 2010

1 min read