Industry News

CWB invests in McLean & Partners

Canadian Western Bank (CWB) has signed an agreement to acquire 55% ownership of McLean & Partners Wealth Management Ltd. (McLean & Partners), a Calgary-based firm specializing in wealth management for high net worth individuals. Read: Sun Life and Khazanah acquire CIMB Aviva The transaction, which is subject to regulatory approvals, supports a key strategic objective […]

By Staff |April 24, 2013

1 min read

Consumer debt up, defaults down

Total consumer debt in Canada has ticked higher year over year, but serious consumer delinquencies are at an all-time low, finds Equifax Canada’s March Consumer Credit Trends Report. There was moderate growth in total consumer indebtedness, excluding mortgage debt, year-to-date through March 2013 with an increase of 3.9% to $500.8 billion from $497 billion during […]

By Staff |April 24, 2013

2 min read

NYSE Euronext sues Dutch derivatives trading platform

NYSE Euronext is suing The Order Machine (Tom), a Dutch derivatives trading platform, reports ft.com. Why? Tom allegedly listed equity index options on the AEX index in Amsterdam without a licence. When NYSE originally offered Tom a licence, it declined, says ft.com. But Willem Meijer, chief executive of Tom, is denying such an offer has […]

April 24, 2013

1 min read

Seniors ill-prepared for long-term care costs

The majority of older Canadians are unaware of the costs associated with long-term care and few are financially prepared to cover expenses, finds a survey by The Canadian Life and Health Association (CLHIA). The study, which polled Canadians aged 60 plus, shows 56% of respondents aren’t familiar with the costs of long-term care in their […]

By Staff |April 24, 2013

2 min read