Canadians expect raises this year

Recession fear is dying down in Canada as folks are feeling optimistic about their job security and their companies’ growth prospects, a new poll shows. Many are even expecting raises.


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Manulife Financial buys Wellington West from National Bank

TORONTO — Manulife Financial will acquire independent financial planning firm Wellington West Financial Services Inc. from the National Bank Financial Group, adding about $900-million in assets to Manulife Securities.


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Lunch with RIM CEO Thorsten Heins: Time for a bite, and little else

WATERLOO, ONT. — The Globe and Mail
Published Friday, Aug 24,2012, 7:12 PM EDT 

Everyone knows that time is RIM’s enemy. Everyone knows about the interminable delays in its next product line, BlackBerry 10, which have cost it not only credibility but millions of potential customers. The longer it takes to get it to market, the more ground RIM loses to Apple, Samsung Electronics and other competitors. Many wonder whether the company can even survive; in the days leading up to our meeting, the media pounced on two more takeover rumours, a grim testament to how far RIM has fallen.

But Mr. Heins suggests that rivals, if they are sniffing around, are doing so for a reason. He seems cheerful.


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China Overseas investment Summit 2012 in Hong Kong

To sustain growth and move up the value chain amid global economic uncertainty, Chinese multinationals need to have a smart strategy in promoting overseas investment, Supachai Panitchpakdi, Secretary – General of teh United Nations Conference on Trade and Development said in Hong Kong on Wednesday.

As an already favorite destination for foreign direct investment, China is “a key source of overseas investment as well,” Panitchpakdi made the remarks in a keynote speech at the 2nd China OVerseas Investment Summit at the Hong Kong Conference and Exhibition Center, while indicating over the past decade, China’s outward investment has grown by 25 percent, outpacing the increase of 6 percent for traditional investors from developed countries.


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Sun Life scores touchdown with CFL players

With the average Canadian Football League (CFL) career lasting only three years, players need to consider what they are going to do with their life—and money—once they step off the field. To help, the Canadian Football League Players’ Association (CFLPA) has teamed up with Sun Life Financial to offer financial planning and career seminars to all players in the league.

“CFL athletes share the same concerns as other Canadians when it comes to saving money and planning for their retirement,” said Mary De Paoli, executive vice-president and chief marketing officer, with Sun Life Financial. “We’re excited to expand our relationship with the CFL to include the CFLPA so we can offer tailored financial guidance to their players.”


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Goldman Sachs, RBC chiefs to meet at Canadian Club

Gord Nixon, chief of Royal Bank of Canada, and Lloyd Blankfein, head of investment powerhouse Goldman Sachs, are set to sit down in Toronto on Sept. 19 for what’s being billed by the Canadian Club as a “conversation.”

The announcement, which you can find here, doesn’t detail the topics they’ll cover but given the backdrop — Europe on the brink and the U.S. economy once again sputtering — it’s reasonable to assume they’ll touch on the outlook for the banking system, the future of the euro and maybe even Canadian consumer debt levels. Admittedly, that’s a lot of ground to cover in a breakfast chat.

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