Industry News

Briefly:

With tough economic times and volatile market returns, a survey of Ontarians has found that investors may be wary of contributing to their RRSP this year. The survey found seven in 10 will contribute the same amount to their RRSP this year as they did last year, or less. Roughly 30% will not contribute to […]

By Staff |January 13, 2009

3 min read

BMO picks up AIG Life business

BMO Financial Group is expanding its presence in the advisor channel with the acquisition of AIG Life of Canada. The deal adds 300 employees and 400,000 customers to BMO’s insurance operations. It also gives BMO access to 5,000 life brokers across Canada through AIG’s relationships with managing general agents. “This acquisition is a perfect extension […]

By Scot Blythe |January 13, 2009

2 min read

Opinions split over single regulator recommendation

The verdict is out. While Ontario, Nova Scotia and British Columbia have expressed support for Finance Minister Jim Flaherty’s plan for a national securities regulator, Alberta and Quebec have outright balked at the recommendations, threatening legal action in a bid to keep jurisdiction over regulation. Flaherty said in a statement that the seriousness of the […]

By Kanupriya Vashisht |January 13, 2009

3 min read

Briefly:

Mackenzie Financial has hired George Morgan as senior vice-president and portfolio manager at its Mackenzie Cundill Investment Management subsidiary. Morgan is perhaps best known for having managed the Templeton Growth Fund until his retirement in 2006. He will now manage the Mackenzie Cundill American Class and provide research coverage for North American equities and the […]

By Staff |January 12, 2009

4 min read