Stouffville, ON, January 5, 2010: The Investment Executive, a magazine that promotes itself as "Canada's Newspaper for Financial Advisors", ran a story on November 2, 2009, that discusses the flurry of activity in the current Canadian term deposit marketplace.
In the article IE highlights the move in the financial industry away from securitization and towards the increasingly competitive deposit market. IE uses a number of SIT customers to illustrate the newly emerging business models that are prevailing in today’s financial climate.
Featured in the article were a number of SIT customers including: Ally (which uses Portfolio Plus in its ResMor subsidiary), Canadian Tire Bank, Xceed Mortgage Corporation and HomEquity Bank.
A few interesting Canadian financial facts mentioned in the article include:
For further reference please read the complete Invesment Executive article.