Industry News

Briefly:

(November 10, 2008) The U.S. Federal Reserve Board and the U.S. Treasury announced this morning that it will restructure its support to the American International Group (AIG) “to establish a more durable capital structure, resolve liquidity issues, facilitate AIG’s execution of the plan to sell certain businesses in an orderly manner, promote market stability and […]

By Staff |November 10, 2008

3 min read

Briefly:

(November 7, 2008) Canadians want to learn more about the tax-free savings account (TFSA) — which will be available to them in January #&151; according to a survey by Scotiabank, with 61% of poll respondents looking for more information. Several financial services firms are already accepting pre-registration for the account. The Scotia poll found that […]

By Staff |November 7, 2008

1 min read

Week in review: November 3-7, 2008

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or Blackberry. News stories we’ve covered this week include Dundee Wealth’s […]

By Kate McCaffery |November 7, 2008

8 min read

Briefly:

(November 6, 2008) Manulife Financial has turned to Canada’s six largest banks for $3 billion in financing, after posting its biggest profit decline in seven years. The five-year term loan will be fully drawn down by November 20 and will be deployed as necessary, to provide additional regulatory capital. “We are very pleased to have […]

By Staff |November 6, 2008

3 min read