Industry

Wave of consolidation continues: Maritime Life to acquire Liberty Health

(March 13, 2003) Maritime Life continues to snap up its former rivals with today’s announcement that it plans to purchase Toronto health insurance firm Liberty Health for $140 million. The Halifax-based insurer says the acquisition will add approximately $700 million worth of premiums, mostly to its group insurance operations. Maritime Life is a subsidiary of […]

By Doug Watt |March 13, 2003

2 min read

Debating society or real progress? Frustrated prospectors listen to securities regulators

(March 12, 2003) Major players in the move to reform Canada’s fragmented securities regulatory system came face to face with the disgruntled mining industry yesterday at the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto. Speaking on a panel organized by PDAC’s securities committee were David Brown, chair of the […]

By Caroline Cakebread |March 12, 2003

3 min read

OSC issues investor alert about foreign stock scams

(March 12, 2003) The Ontario Securities Commission has issued a warning about cross-border and foreign securities sales following a number of complaints from investors. The scams typically involve an offer to invest in futures, options or foreign exchanges through an American or foreign firm. The fraudsters claim that they do not have to be registered […]

By Doug Watt |March 12, 2003

1 min read

High-income earners on the rise, census reveals

(March 11, 2003) The number of high-salaried Canadians soared in the 1990s as more workers cashed in on their university education, the latest census reveals. Nearly 450,000 Canadians earned an annual salary of more than $100,000 in 2000, a 70% increase compared to 1990, Statistics Canada reported today. Among the high-income earners, 61% had a […]

By Doug Watt |March 11, 2003

2 min read