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Statistics Canada says real GDP contracted by 0.1% in August

October 31, 2017 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Canadian economy hit reverse in August, its first monthly pullback since October last year. “The amazing run of amazing Canadian economic data is officially over, with growth coming back to reality in a hurry,” Bank of Montreal

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York University launches new online Certificate in Risk Management course

August 23, 2017 by Canadian Underwriter

York University’s School of Continuing Studies said on Tuesday that it is responding to the “demand for comprehensive risk management training” by launching a new online Certificate in Risk Management course. The three-course online program (Risk Management Principles and Practices;

News InsuranceMarkets / CoveragesMergers and AqcuisitionsProfessional DevelopmentTechnology

Accenture launches “Liquid Studio” in Toronto to help clients accelerate digital transformation

August 18, 2017 by Canadian Underwriter

Global professional services company Accenture has opened a new “Liquid Studio” in Toronto to help clients “to turn ideas into innovative applications and solutions with speed and agility.” The Liquid Studio uses rapid development approaches, including agile methodologies and DevOps

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Economic growth blows past expectations in May, powered by energy industry

July 28, 2017 Craig Wong - THE CANADIAN PRESS

OTTAWA – Economic growth in the country blew past expectations in May, powered by the energy sector, raising expectations that the Bank of Canada will raise interest rates again this fall. Statistics Canada said Friday that real gross domestic product

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Central bank says no rate cut considered amid stronger growth, but notes risks

April 13, 2017 Andy Blatchford - THE CANADIAN PRESS

OTTAWA – The head of the Bank of Canada said an interest rate cut was not on the table during the central bank’s latest policy decision, but also warned of persistent risks that suggest it will not hike any time

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Carbon price won’t be deciding factor for oilsands development: report

November 23, 2016 Ian Bickis - THE CANADIAN PRESS

CALGARY – Alberta’s incoming carbon taxes will have a minimal effect on new oilsands development compared with oil prices and market access, says a new report. TD Bank economist Dina Ignjatovic said in the paper released Tuesday that if oil

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Bank of Canada raises concerns about economy, holds interest rate at 0.5%

September 7, 2016 Craig Wong - THE CANADIAN PRESS

OTTAWA – The Bank of Canada struck a note of caution Wednesday as it held its key interest rate target steady at 0.5 per cent and raised concerns after the export sector disappointed earlier this year. “While the strength in

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Canadian banks shake off oilpatch fears, report better than expected earnings

August 26, 2016 Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – Panic about how the oil price shock could affect the banks’ bottom lines has subsided, as several of the country’s largest financial institutions reported better-than-expected third-quarter results. CIBC (TSX:CM) reported that its quarterly profit climbed nearly 50 per

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Silicon Valley technology accelerator announces call for applications from insurance startups

June 16, 2016 by Canadian Underwriter

Plug and Play Tech Center, a Silicon Valley global technology accelerator and venture fund, announced on Thursday a call for applications from startups in its insurance platform. Plug and Play Insurance, which was launched in late April in partnership with

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No ‘plague’ of data breaches and solvency issues, fintech industry CEOs say

April 6, 2016 Alexandra Posadzki - THE CANADIAN PRESS

TORONTO – There is no “plague” of data breaches and solvency issues affecting financial technology upstarts, contrary to what TD Bank’s CEO says, the heads of several companies in the so-called fintech sector said Monday. The industry insiders were responding