Insurance

Ontario to reveal new financial services regulator next week

In a speech Tuesday, Ontario Finance Minister Charles Sousa says the Liberal government will soon introduce legislation to establish its long-awaited Financial Services Regulatory Authority. He says the body will “modernize and strengthen” regulations, with more of a consumer focus, adding that the mandates of the Financial Services Commission of Ontario, the Financial Service Tribunal […]

By Staff, with files from The Canadian Press |November 8, 2016

2 min read

Economic Indicators

Great-West Lifeco reports net earnings down in Q3

For the third quarter, Great-West Lifeco Inc. reports net earnings attributable to common shareholders of $674 million or $0.682 per common share, compared to $720 million or $0.724 per common share for Q3 2015. Net earnings are $1,965 million, compared to $2,079 million for Q3 2015. This represents $1.982 per common share, compared to $2.086 […]

By Staff |November 3, 2016

2 min read

Industry

Positive third-quarter results for Industrial Alliance

Industrial Alliance Insurance and Financial Services Inc. reports positive third-quarter results over last year: Read: When revenue recognition is questionable Further profitability highlights: In a release, Yvon Charest, president and CEO, says, “Top-line growth has been robust in virtually all lines of business, profit from employee plans has been solid and fund flows from our […]

By Staff |November 3, 2016

1 min read

Life