Industry News

Canadians fail to plan properly for university

Forget saving for retirement — if there’s anything you should be discussing with your younger clients, it’s saving money to send their kids to university. According to a new survey from the Bank of Montreal, a year of university — tuition and living expenses — can run about $11,000, and for many the costs are […]

By Bryan Borzykowski |September 7, 2007

4 min read

Briefly:

(September 6, 2007) RBC Centura Banks, a subsidiary of Royal Bank of Canada, has acquired Alabama National BanCorporation (ANB). The Birmingham-based bank has more than 440 locations throughout the American southeast and is the parent of 11 subsidiary banks and other affiliated businesses in Alabama, Florida and Georgia. Under the agreement, shareholders of ANB will […]

By Staff |September 6, 2007

3 min read

Market will triumph over sub-prime: CIBC’s Rubin

For months CIBC World Markets has been touting the fundamental strength of the Canadian market — and a little sub-prime trouble won’t change that outlook, according to the firm’s latest report. “The sub-prime mortgage meltdown in the U.S. is a temporary and non-lethal shock to the bull market in Canadian stocks,” says Jeff Rubin, chief […]

By Mark Noble |September 6, 2007

3 min read

Advocis cautions against seg fund ‘rules’

New guidelines on the sale of segregated funds, issued by the Life Insurance Council of Saskatchewan, have met a cool reception from Advocis, which calls the guidelines “tantamount to more rules,” at a time when many jurisdictions are moving toward principles-based regulation. “In our view, the guideline is essentially an elaboration of existing bylaws in […]

By Steven Lamb |September 6, 2007

2 min read