The National Bank of Canada has acquired the Canadian Western Bank in a $5B deal that will see the Edmonton bank relocate from Jasper Avenue to Manulife Place on 101 Street. National Bank leadership has stated that layoffs could result in some areas, but that they expect to do additional hiring in others.
- Other type of event
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Finance and insurance
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Added on 2025-02-04
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Edmonton Region, AB
- www.msn.com
Pension fund manager Alberta Investment Management Corp. (AIMCo) has removed 19 positions. The cuts are in non-investment areas, such as the firm’s diversity, equity, and inclusion program. They come a few months after the provincial government ordered AIMCo to reduce expenses, and made changes to its board and management.
Drayden Insurance, an Edmonton-based insurance broker, has added Norwest Insurance Agencies, also in Edmonton, to its portfolio of insurance agencies. The financial terms of the deal were not disclosed.
According to the Insurance Bureau of Canada (IBC), Alberta’s August 5 hailstorm was the second costliest insurance event in Canada’s history. One in five Calgary households experienced damage. The storm generated 130K claims totalling nearly $2.8B, more than double the devastating 2020 hailstorm.
- Other type of event
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Finance and insurance
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Added on 2024-09-11
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Calgary Region, AB
- calgaryherald.com
According to the Insurance Bureau of Canada (IBC), the Jasper wildfire caused $880M in insured losses, making it Canada's 9th costliest disaster. The director of IBC went on to state that over the past decade the industry had paid out over $2B, significantly more than the hundreds of millions paid out in pervious decades.
- Other type of event
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Finance and insurance
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Added on 2024-08-28
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Banff–Jasper–Rocky Mountain House Region, AB
- cbc.ca
Western Financial Group, an Alberta-based insurance provider, opened a new location in Cold Lake on August 26, 2024.
- Job creation
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Finance and insurance
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Added on 2024-08-21
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Wood Buffalo–Cold Lake Region, AB
- globenewswire.com