Industry News

Briefly:

(September 26, 2008) While Canada’s financial institutions are relatively safe compared to what’s happening in the U.S. right now, that doesn’t mean some of this country’s banks and insurance companies haven’t been affected by the meltdown, including Sun Life Financial. The Toronto-based insurance giant revealed Friday that it has exposure to embattled American bank Washington […]

By Staff |September 26, 2008

3 min read

Briefly:

(September 25, 2008) The current upheaval in global financial markets may be cathartic, forcing a painful but necessary restructuring of the system, according to Bank of Canada Governor Mark Carney. While the U.S. government wrangles over a bail out for its distressed banking sector, Carney suggested that other nations may need to undertake similar measures. […]

By Staff |September 25, 2008

3 min read

On The Shelf: Manulife announces mutual fund mergers

(September 24, 2008) Manulife Mutual Funds has announced it will undertake a handful of fund mergers, having received approval from its Independent Review Committee. The Manulife U.S. Core Fund will be merged into Manulife Mawer U.S. Equity Fund, while the Manulife AIM Canadian First Class will be merged into Manulife Canadian Equity Class. The Manulife […]

By Staff |September 24, 2008

1 min read

Briefly:

(September 24, 2008) They might seem like the financial giants that want to gobble up the independent channel, but apparently the banks are falling short in helping Canadians understand their personal finances. According to a poll conducted by Harris/Decima for BMO Financial Group, 41% of Canadians think banks make financial matters more complicated. “While the […]

By Staff |September 24, 2008

3 min read