CANADA FUNDS ROW
January 1st, 2004
BY MONICA DOBIEA PUBLIC awareness campaign sponsored by the Canada Deposit Insurance Corporation (CDIC) - a Ottawa government agency - warning savers that mutual funds are not covered by the federal deposit insurance has sparked a row in the Canadian financial services sector.In an open letter, Tom Hockin, president of the Investment Funds Institute of Canada urged the CDIC to pull the television and print advertisements and complained about them being posting at the time of year when people most invest in Registered Retirement Savings Plans (RRSP), baskets of ...
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