Industry News

Former Advocis chair, Gary McLeod, passes away

Advocis has announced the passing of Gary McLeod, the immediate past chair of the association. He was 58 years old. “He will be remembered at Advocis and the Conference for Advanced Life Underwriting for the skill with which he led these organizations and for his years as a volunteer,” current Advocis chair Roger McMillan said […]

By Steven Lamb |August 1, 2006

2 min read

Briefly:

(July 31, 2006) The Ontario Securities Commission alleged Monday morning that Biovail Corporation chairman, Eugene Melnyk, along with Biovail director and chief operating officer of Watt Carmichael, Roger Rowan, actively violated a number of insider trading securities laws. Watt Carmichael was also alleged to have mislead regulators and failed to have adequately supervised trading in […]

By Staff |July 31, 2006

3 min read

Economic flat spot points to rate cut, economists say

Canada’s economic growth seems to have hit a plateau earlier this year, with trouble in sight. StatsCan reported Monday morning that GDP growth for May was flat. Coming on the heels of two straight months of just 0.1% growth, the flat spot is raising some eyebrows. “In its July monetary policy review update, the Bank […]

By Steven Lamb |July 31, 2006

3 min read

Briefly:

(July 28, 2006) CIBC World Markets reports that Canada’s provincial governments are taking advantage of their improved budgetary positions to bolster the financial health of their public sector pension plans. Most notably, CIBC found that Quebec’s Retirement Plans Sinking Fund, created in 1993 to pay pension benefits, returned an average 9.3% during the past decade, […]

By Staff |July 28, 2006

3 min read