Canadian Banker articles from July 1995

Canadian Banker archives from July 1995

Consumers want choice when buying insurance, national survey shows.
July 1, 1995... Although existing federal rules prohibit most insurance sales by banks and trust companies, 97% of insurance owners polled in a recent national survey believe they should have the right to decide where to buy insurance. Among the other...

Court toughens stand on certified cheques. (Ontario Court of Appeal)
July 1, 1995... The law of Ontario and, likely, Canada has been clarified by two recent decisions of the Ontario Court of Appeal. The courts are continuing a trend towards leaving banks on the hook once they certify cheques and towards treating certified...

Why retailers have a tough time selling financial services.
July 1, 1995... Several international retailers have enjoyed some success in diversifying into financial services. Does this mean that the next competitive challenge for Canadian banks will come from that quarter? Probably not. It might seem that a retailer...

Preparing for the worst. (Rex Pattison, senior manager of Bank of Nova Scotia's business-resumption planning unit)
July 1, 1995... In case of emergency, it's Rex Pattison's job to know what to do. Like Chairman Mao and Prime Minister Jean Chretien, Rex Pattison places a lot of faith in his little red book. But unlike those two political leaders, Pattison, who's senior...

Leading economic indicators. (tasks of bank economists)(Cover Story)
July 1, 1995... The task of developing economic intelligence (and using their own) has taken bank economists beyond their traditional roles of forecasting and analysis. Now they're participating more directly in marketing, risk management and the core...

Hiring themselves. (self-employed young Canadians)
July 1, 1995... Tired of waiting for opportunity to knock and unimpressed by conventional career choices, growing numbers of young Canadians are creating their own opportunities, in their own businesses. In 1989, Brian Scudamore got himself started in the...

Learning before they leap. (Canadian entrepreneurs)
July 1, 1995... To be eligible for certain startup loans, Ontario entrepreneurs must first complete a business training course. The program is winning praise from bankers and loan applicants alike. As governments focus increasing attention on small-business...

What they need to succeed. (young Canadian entrepreneurs)
July 1, 1995... Entrepreneurs don't always recognize which skills are most important to the success of their ventures, says a study by BMO's Institute for Small Business. What does it take to succeed as an entrepreneur? A new study suggests that there are...

Lateral thinking. (management issues between bankers on the same level of authority)
July 1, 1995... How to handle the misunderstandings that can arise between bankers at similar levels of authority in today's "flattened" management hierarchies. You are a product manager at a major bank. The vice-president has asked you to collect...

Behind the screens. (bank financing for motion picture and television production)
July 1, 1995... Your mission, should you choose to accept it: extend a $ 1-million credit line to a movie producer whose final product will be a can of film with a tangible value of around $ 100. Sounds impossible? Not to entertainment banking specialists like...

High-tech guru explains the mysteries of innovation. (Doyletech Corp. President Denzil Doyle)
July 1, 1995... To many people, technological innovation remains a mystery. This past academic year, the institute's Toronto regional council helped solve the puzzle by presenting a seminar entitled Demystifying Innovation at two downtown locations....

The boom in business services. (Canada)
July 1, 1995... Business services make up one of the fastest-growing segments of the Canadian economy (see Chart 1). In 1961 they accounted for 1.3% of Gross Domestic Product, in 1994 for 4.2%, according to Statistics Canada figures. Most companies in the...