Industry

Crow calls for higher rates, move could bring client admiration to advisors

(February 26, 2003) Proving again why he attracts admiration or contempt but rarely indifference from observers, John Crow weighed in for raising interest rates in Canada and highlighted the good news in currency swings during a Tuesday address in Toronto. Speaking at the Economic Club of Toronto, the former Bank of Canada governor said that […]

By Art Melo |February 26, 2003

3 min read

Securities commissions should team up on deregulation efforts, Advocis says

(February 25, 2003) Two of Canada’s largest provincial securities regulators should collaborate on a pair of like-minded deregulation initiatives, says Advocis, the country’s largest professional association for financial advisors. Although the British Columbia Securities Commission’s proposals for new mutual fund regulations and the Ontario Securities Commission’s suggested fair dealing model are separate projects, the similarities […]

By Doug Watt |February 25, 2003

2 min read

Employers cautious about budget health initiatives

(February 24, 2003) Pension plan sponsors are welcoming healthcare provisions laid out in last week’s federal budget. But although they are pleased that issues such as primary care, home care and catastrophic drug coverage have been addressed in the $16 billion five-year Health Reform Fund, they caution that the success of the budget initiatives will […]

By Anna Sharratt |February 24, 2003

3 min read

Sun Life not pursuing merger with bank, CEO says

(February 24, 2003) Sun Life Financial, Canada’s largest insurer, has no interest in merging with one of the country’s big banks, company CEO Donald Stewart suggested today in Montreal. Calling a bank-life insurance merger “fraught with risk,” Stewart said Sun Life is instead focusing on international expansion. “It is not clear to us that a […]

By Doug Watt |February 24, 2003

2 min read