Industry News

No buyer for CIBC’s FirstLine Mortgage unit

The Financial Post reports that CIBC has failed to sell its broker mortgage brand, FirstLine Mortgages, marking a rare occasions in which a large bank has been unable to find a buyer for one of its assets. Now, one of the country’s largest mortgage brokers will be gradually wound down, with some staff switched over to CIBC and others receiving compensation packages.

By Staff, with files from The Canadian Press |June 21, 2012

2 min read

LinkedIn profile crucial: social media expert

LinkedIn may have had a security breach, but it remains one of the most-used sites by professionals. Despite a $5 million class-action lawsuit launched by Illinois resident Katie Szpyrka—along with a filing by her lawyers claiming the site uses weak encryption formats and improper security measures—I have maintained my profile. And I’d bet most advisors […]

June 21, 2012

2 min read

Lunchtime Takeaway: European debt loads

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

By Staff |June 21, 2012

1 min read

Investors tired of the Eurozone: Desjardins

Investors’ patience is wearing thin as the unstable global economy continues to threaten their assets and investments, says a Desjardins Group Economic Studies team. And uncertainty about the ability of political and financial authorities to resolve the crisis has continued to escalate. “It would be overly optimistic to think that the global problems of public […]

By Staff |June 21, 2012

3 min read