On Friday, August 10, 2018 Air Canada announced to their employees that they would be creating a new wholly owned subsidiary, Air Canada Life Insurance Company (ACLI). ACLI will be a fully registered and regulated insurance company under the terms and conditions of all existing Canadian financial and insurance regulations and will fall under the auspices of OSFI.
The Air Canada Pension Master Trust Fund (MTF) intends to purchase group annuities from various established Canadian insurance companies. The sheer size of the MTF ($19.5 Billion as at 1/1/2018) dwarfs the ability of the Canadian annuity market to absorb such a large investment and the associated risk. Read PDF Here…
JUNE 18, 2018 -Canadian Blood Services is urging Canadians to help meet patients’ needs this summer by donating blood and by encouraging others to roll up their sleeves as well. With people away or busy with other activities, there tend to be fewer donations, making summer one of the most challenging times for Canada’s blood system. More than 23,000 donors are urgently needed by July 2 to ensure patients continue to have access to the blood and blood products they need. 
