Monthly Archive: June 2019

BMO winds up several funds

BMO Nesbitt Burns announced on June 27 that a number of funds will be wound up. These funds are: BMO Advantaged Equal Weight Banks TACTIC™ Fund; BMO Advantaged Equal Weight Oil & Gas TACTIC™...

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How to win in insurance: Climbing the power curve

A small group of winners captures much of the economic profit in the insurance industry. New McKinsey research quantifies just how far ahead the leaders are—and what other insurers can do to catch up....

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Take Back Our Roads: Aviva Canada Launches Social Impact Platform

Aviva investing in data-driven solutions and strategic collaborations to make safer roads a reality for all Toronto, ON (June 27, 2019) – Aviva Canada has launched its new social impact platform – Take Back...

Whole Life Can Combat Market Volatility

Business Wire Cash value can help protect against risk from market downturns INDIANAPOLIS–(BUSINESS WIRE)– Not having enough assets to generate income in retirement or losing assets because of market downturns are common concerns of...

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Old Age Security to increase on July 1st

Hamilton, ON (June 26, 2019) – Today, the Honourable Filomena Tassi, Minister of Seniors, reaffirmed the Government of Canada’s commitment to Canadian seniors and to ensuring they have a safe and secure retirement. This...

Life agent fined and loses license

A British Columbia independent agent, Pamela Peen Hong Yee, has lost her license to sell insurance and has been ordered to pay over $27,000 in fines, investigation and hearing costs. Following a January hearing,...

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Insolvency risk rising in Canada’s P&C insurance industry

By Grant Kelly, Chief Economist and VP Financial Analysis & Regulatory Affairs, PACICC Excerpted from Solvency Matters, a quarterly report on solvency issues affecting P&C insurers in Canada Toronto, ON (June 24, 2019) –...