News

Briefly: Feds to Consult on Pension Plans

The federal government will launch a two-month, cross-country consultation
campaign next week on the state of federally regulated …

Work-sharing Agreements Extended to 52 Weeks

The federal government has implemented changes to work-sharing agreements
to allow more Canadians to continue working while companies …

Briefly… Western Financial Group Acquires Bakes-Jarvie

Financial services powerhouse Western Financial Group has acquired Nanaimo,
B.C.-based Bakes-Jarvie Insurance Brokers Ltd. The deal—which took

M&A on the Rise in Emerging Markets

Despite a slowdown in global mergers and acquisitions activity, emerging
countries have exhibited a steady upward trend in …

AIG’s Sale of Asian Business on Hold: Globe and Mail

In an apparent effort to buy time and attract a better offer, American
International Group (AIG) is handing …

AIG to Spin Off Operations

AIG will spin off its major operations into independent companies in
what CEO Edward Liddy calls “the most …

RSA Posts Gains for 2008

RSA has bucked recent economic trends, ending 2008 with growth on key
fronts and profits for the group …

AIG P&C Spin-off Includes Canadian Operations

AIG’s Canadian commercial operations will join the rest of its
commercial and P&C units under AIU Holdings, Inc., …

Ratings Agencies Respond to AIG Plan

Despite AIG’s heavy losses—including a net loss of US$99.3
billion for 2008–ratings agencies are cautiously supporting the company’s

Canadian Economy Posts Biggest Decline Since 1991

Canada’s economy contracted at an annual pace of 3.4% in the fourth
quarter of 2008-its worst performance since …

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