...analysis of our bank I will talk about these. First of all, I will talk about strengths. As we know, BOM is in Canada and for a successful company in Canada needs self motivation in which Self-roused individuals have a tendency to have the stamina to endure start-up difficulties, and the take after through to achieve long haul objectives. Also, the basic start-up component, business and industry information is normally increased through experience. Experience gives your vision a strong establishment. Experience empowers you to survey circumstances and make great, grounded choices. With this we understand that business and industry knowledge is very important. Moreover, a successful company should have organizational and management capabilities because in the case of succeeding in little business, you will need to compose and deal with your time, the points of interest of your business and the individuals who work for you. Designation is a powerful association and administration apparatus. Vision is another important thing that a company should have. We know that because all organizations are based on the thoughts or dreams of people; On the other hand, to have a dream is insufficient: to transform your vision into a win. SWOT analysis * Strengths * Over 35,000 employees serves 7 million+ customers * BMO Capital Markets named as the “Best Investment Bank, Canada” by Global Finance Magazine * Dividend Yield (Yearly as well as 5- Year Avg) is considerably high in comparison...
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...BNY Mellon. With these two companies combined expertise, they were able to provide a unique advantage of delivering intelligent solutions that are global in scale, and provide superior value. CIBC Mellon states that they have a shared history and timeline ranging from 1867 to the present. This timeline begins in 1867 when the Canadian Bank of Commerce was established in Canada by the Honorable William McMaster, a prominent Toronto businessman and philanthropist. According to CIBC Mellon in 1869, Mellon Bank was established by Thomas Mellon, a well-known Pittsburgh lawyer and jurist. Over the years, Mellon established itself as one of the world’s top providers of financial services. In 1875, the Imperial Bank of Canada was established by Henry Stark Howland who was previously the vice-president of The Canadian Bank of Commerce. In 1961, The Canadian Bank of Commerce and the Imperial Bank of Canada merged to form the Canadian Imperial Bank of Commerce (CIBC). The transaction remains the largest merger of two chartered banks in Canadian history. In 1991, The R-M Trust Company was formed by Mellon and others in Canada and which provided transfer agency, corporate trust, and other trust services to corporate clients. In 1996, CIBC joined forces with Mellon to form a fifty-fifty jointly-owned company named CIBC Mellon Global Securities Services Company which offers asset servicing solutions to institutional investors. CIBC states that in 1997,they purchased a fifty per cent interest in...
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...largest custodian. CIBC Mellon provides asset servicing solutions, including custody, multicurrency accounting, fund administration, unit holder recordkeeping, pension services and securities lending services, for institutions and corporations. They have over 1,000 people supporting more than 1,200 clients. As of June 30, 2013, CIBC Mellon held more than CAD$1.2 trillion of assets under administration. CIBC Mellon is headquartered in Toronto, with offices across Canada. 2. Corporate structure: CIBC Mellon seems to have an SBU form of the multidivisional structure for implementing a related linked strategy. 3. Vision: “To be the best asset servicing provider in Canada.” Mission: (based on the values) “To meet, and whenever possible, exceed the expectations of our clients.”...
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...organization to administer the policies. The benefits from unemployment policies depends on the country one resides and in most cases the policies are flexible implying that the benefits could only be covering the basic needs or may compensate the an individual proportionately according to previous monthly income. In Canada, the state has authorized services Canada which is under the supervision of minister of human development and social development Canada to administer the policy fund. The policy was previously known as unemployment insurance but was renamed to employment insurance in 2011 so as to eliminate the negative effect associated with the name. According to the insurance policy that is provided by the employment insurance an employee is required to pay premiums of 1.78% of the amount expected to be received in case they lose their jobs. The employer is also obliged to pay 140% of the amount contributed by employee towards the employee employment policy (Mendelson & Battle 2011). In the years preceding 1990 the government used to make some contributions on behalf of the employee but currently no such payments are made by the government on behalf f the employee. The insurance policy also covers compassionate care leaves, sickness leaves and parental and maternity leaves. It also caters for retraining programs in accordance with agreements in the labor markets in...
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...the U.S. and Canada has been made. Using various literary sources, the comparison has been done considering the four components of health care services delivery; financing, insurance, delivery, and payment. The findings indicate that the health care system in the U.S. is expensive but more efficient than the single-payer health care system in Canada. The findings have further been analyzed to ascertain its implications on the U.S. citizens, as well as the Canadians. The paper concludes that the health care system in the U.S. does not favor the middle-class earners, and thus recommends an improved system. Table of Contents Abstract 2 Table of Contents 3 1. Introduction 4 2.1 Health Care Delivery ...5 2.2 The Cost of Health Care and Administrative Overheads 6 2.3 Health Insurance 6 2.4 Funding 7 3. Analysis of Findings 8 4. Conclusion 9 5. Recommendations 10 6. References 11 1. Introduction Health care is among the basic needs of human beings. The need is not discriminative because everyone has an equal chance of getting sick. The provision of health care services is costly and thus the government is involved in health care provision. Because sickness is not discriminative, one expects to get medical attention in harmonized measures across health care systems of the world. However, this is not the case because the four components of health care services delivery, including financing, insurance,...
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...Health insurance in Canada and US Name: Institution: Health insurance in Canada and US Antonia Maioni’s goal is to explain the development of health insurance in Canada and United States of America. She goes on to elaborate why the United States and Canada have different healthcare insurance systems even though these two countries are majorly similar in almost all other aspects for example they share the same economic, political and social attributes (Maioni, 1997 p. 411). She offers that the major contributing factor to this contrast is the fact that health reform was fostered by political institutions which formed party systems in the two countries. Institutions are, in her book, stated as the most significant challenge faced by health reformers. Organizations related to the health industry play a rather important role in shaping insurance policies within the United States and Canada (Martens & Roos, 2005 p.72). This is further explained to be as a result of the way the institutions condition the role of political parties in policies. Maioni analyzes the creation on the social democratic third party in Canada which was not present in the United States of America and the influence exerted on the development of health reforms by the third, left-wing party in Canada. Two institutional attributes; parliamentary government and federalism are used to explain the differences between Canada and the US. The parliamentary...
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...Industry landscape and Outlook Canada is more famous for its auto assembling and manufacturing instead of having its own auto brands. It produces cars along with hundreds of parts mostly for automakers headquartered in United States and Japan. According to Industry Canada, Ford, GM, Chrysler and Toyota are a few of the top brands currently made in Canada. A more comprehensive list is shown below. Vehicles made in Canada 2014 2014 was a wonderful year for auto companies that have a presence in Canada. According to Statistics Canada and RBC, domestic new vehicle sales were projected to have a record of 1.86 million units in 2014 (1.78 million units in 2013). This is a huge improvement compared to 1.48 million in 2009 as a result of the financial recession. Looking ahead to 2015, consensus is that Canadian sales are still likely to grow at a moderated rate. This positive outlook comes from: * Interest rates are still historically low after central bank surprisingly cut the rate at the beginning of this year. And there is possibility that the central bank will do the same thing again at any point of this year if economics condition is not promising. * Moreover, even though people are spending more on autos, auto purchases over total household incomes are still below pre-recession levels. We expect to see conversion in the future. * Labor markets have shown signs of strengthening recently suggesting that an underlying improving trend into 2015. As a result...
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...A * A&W (Canada) * Abilis Solutions (software development, consulting) * AbitibiBowater * Ache Records * Addition Elle (women's clothing) * Advance Gold (mining) * Access Communications * Advanced Cyclotron Systems (medical cyclotrons) * Affinity Credit Union (banking) * Areva Resources Canada (uranium) * Air Canada (airline) * AldrichPears Associates * ALDO Group * Algonquin Power * Allied Shipbuilders * Alta Newspaper Group * Alterra Power * Angoss Software Corporation (software) * Appnovation * Arc'teryx (outdoor apparel/equipment) * Atimi Software Inc * Aritzia (clothing) * Army & Navy Stores (Canada) * Arsenal Pulp Press (publisher) * ATI technologies (semiconductors) * Atmosphere Visual Effects (movie special effects) * AVI Sound International (audio/visual equipment manufacture) B * Ballard Power Systems * Banff Lodging Co * Bank of Montreal * Bank West * Barrick Gold * Bard Ventures Company * BBC Kids (television) * BC Biomedical Laboratories Ltd. * BC Hydro * BC Research Inc * Becancour Silicon (silicon manufacture) * Bell Canada * Bennett Environmental * Becker's * Ben Moss Jewellers * Big Blue Bubble (software firm) * BigPark (software firm) * Biovail * BioWare (video games) * Bison Transport Inc. (Transportation) * Black Diamond Cheese Limited * Black Hen Music (record...
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...nations do little to prove it. Canada, however, is not most nations. One of Canada’s central operating principles is to use public policy in unique and bold ways to ensure and promote sensible, everyday equality. Medicare is Canada’s best example. Not one single public policy implement ever did more to let the country live up to its equality ideal. Since the inception of Medicare, Canadian society has evolved into a much more inclusive of, accessible to, and tolerant of individuals with various types of disabilities and illnesses. Medicare is Canada’s defining moment as it has ultimately set Canada as the country it is today. Medicare's influential impact on Canadian society was recognized globally and put into effect in other nations all around the world. Equality then became a definition which every Canadian citizen understood. Medicare, as some have labelled “the most Canadian of programs” is the one program that best represents what Canadians value and hold dear. Health care has long been regarded as the most popular public policy in Canada; Canadians feel more strongly about the health care system than conceivably any other issue. Furthermore, publicly-funded health care is tied directly to Canada’s national identity and differentiates Canada from its American neighbours like few other establishments. Moreover, “in 2005, 85% of Canadians believed that ‘eradicating’ public health care’ represented a ‘deep-seated change to the nature of Canada’”. Health care figures consistently...
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...Despite being located on the same continent both countries have different ways of delivering health care to its citizens. Canada has a single-payer system that is publicly funded, while the United States has a multi-payer system that relies heavily on privately owned healthcare. This could be due to the differences in how many patients are cared for compared to those in America or it could be just a matter of who developed the better healthcare. However, due to the close proximity of the countries it is possible that the United States can adopt the Canadian healthcare system. According to Health Canada, Canada's publicly funded health care system is best described as an interlocking set of ten provincial and three territorial health insurance plans. Known to Canadians as "Medicare", the system provides access to universal, coverage for hospital and physician services. With this being said it is safe to assume that health care services are provided on the basis of need, rather than the ability to pay. “The Canadian Health Act contains a single national plan that is composed of thirteen provincial and territorial health insurance plans that all share common features and basic coverage.” Health Canada is used to help Canadians improve their health, and setting/administering national principles for the health system through the Canada Health Act. Under the Canada Health Act, roles and responsibilities for Canada’s health care are shared between the federal and provincial territories...
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... Passports and Visas A valid Canadian passport is required for Canadians intending to visit Cuba. The passport must be valid for at least one month beyond the date of your expected departure from Cuba. Canadians must also carry a tourist card (or visa), or a business or student visa. The tourist card is generally provided by tour operators or airlines, or can be obtained from a Cuban government office in Canada in the case of privately organized flights. It can also be purchased at certain airports in Canada. Health Insurance Since May 1, 2010, travellers must present proof of health insurance in order to enter the country. Upon arrival, travellers may be required to present an insurance policy, insurance certificate, or medical assistance card valid for the period of their stay in Cuba. Those who do not have proof of insurance coverage may be required to obtain health insurance from a Cuban insurance company when they arrive. Temporary residents also have to hold valid health insurance policies. Although proof of Canadian provincial health insurance is sufficient for visitors to enter Cuba, your provincial plan may cover only part of the costs and will not pay the...
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...Life Financial Services Time Context: Summary/ Abstract Sun Life Insurance is an international insurance company, providing individual and corporate life insurance, group retirement services and benefit management services. The Canadian operations have offices located throughout Canada, with the head office in Toronto. The Group Claims division provides drug and dental claim management and claim adjudication to companies in Canada through its 4 main centres in Toronto, Ottawa, Edmonton and Montreal. Clients include the Federal Government, City of Toronto, Royal Bank of Canada and Magna International. Sun Life Canada alone had a customer base of 7 million. It had its stock listed on the stock exchanges of Toronto, New York, London and Manila. Sun Life’s presence in Hong Kong has been growing stronger and stronger over the past 100 years. Clear and sound policy formulation requires any company to have well defined business objectives, vision and mission. Sun Life Hong Kong aims to be one of the top five players in the Hong Kong market for both wealth management and insurance. In the present time, Sun Life manages assets in excess of $425 billion and has an employee base of more than 14,700 and few thousands of independent agents worldwide. By 2001, with revenues of C$ 16.7 billion, Sun Life Financial Services (Sun Life) had emerged as the largest insurer and leading financial services provider in Canada. Sun Life served institutional and individual customers through an...
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...dollar world price of raw materials fell by 30 percent, world is prepared to pay less for our raw materials. This led to dramatic depreciation of CAD. - compare BC and Ontario situations. BC produced a lot of raw materials whose demand fell. The core of manufacturing in Canada is in Ontario (and Quebec) and the resource sectors are largely in the West and very East. When Asian economies go under the tank and reduce their demand for raw materials – the BC economy goes down, they can’t sell stuff to Asia anymore. But the Canadian dollar depreciates by 10 or 15 percent. A depreciating currency helps everybody who is exporting given whatever the price you’re exporting at. Depreciation is a net plus to Ontario, because its machines, etc. gets a bump up in exports. The boost to Ontario offsets the negative to BC somewhat. What happened in 2002-2006 when world demand increased (China and India phenomenon and U.S economic boom) drove up prices, the Canadian dollar appreciated. Ontario was damaged while the East and West of Canada boomed. 2. Describe and explain the connection(s) between the “financial sector” and the “real economy”. Why is this connection relevant to the appropriate policy response (in Canada, say) to the global financial crisis of 2007-09? When financial markets are functioning well, they play a background role in the overall behavior of the real economy. At the same time, when the economy is stable, macroeconomic considerations might appear to play a more secondary...
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...Abstract The purpose of this researcher paper to compare health care systems in three highly advanced developed countries: The United States of America, Canada and Germany. The first part of this research paper will focus on the portrayal of health care systems in the above-mentioned countries, while the second part will examine, evaluated and compare the three systems. Finally, a synopsis of recent changes and proposed future reforms in theses countries will be provided as well. The U.S. Health Care System in Perspective According to (The World Bank Group, 2012), the United States is one of the wealthiest nations in the world. The U.S. health care delivery system is complex and massive. It is ran by the government and financed through general taxes. 49.9 million Americans were uninsured in 2010 and 256.2 million were insured (Stark, 2012). The U.S. health care delivery is divided into many sub systems: Managed Care, Military, Vulnerable Populations and Integrated Delivery. Managed Care seeks to achieve efficiency by integrating the basic functions of healthcare delivery. It is the most leading health care delivery system in the United States and is available to most Americans. Employers and government are the primary financiers of managed care. The Military medical care system is available free of charge to active duty military personnel of the U.S. Army, Navy, Air Force and Costal Guard. Certain uniformed nonmilitary services such as the Public Health Services and...
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...ACCOUNT OF INSURANCE COMPANY Insurance in the Philippines is a booming business with a large number of players, but in fact it has old roots. During the Pre-Spanish Era, there was no insurance; every loss was borne by the person or the family who suffered the misfortune. The first insurance company, in its present concept, to operate here was Lloyd’s of London, which in March 1829 appointed Stracham, Murray & Co. to be its local agent to represent here, in which during this time is the Spanish Era. But in 1898, life insurance was introduced in the country; Sun Life Assurance of Canada first enter and began selling life insurance in the local insurance market of the country. The Philippines got its first purely domestic insurers in the beginning of the 20th century. The first domestic non-life insurance company was the Yek Tong Lin Fire & Marine Insurance Company (today Philippine First Insurance Company) established in 1906. Four years later, 1910, the first domestic life insurance company, the Insular Life Assurance Co., Ltd., was locally-owned and organized. And in 1936, Social insurance was established with the enactment of Commonwealth Act no. 186 which created the Government Service Insurance System (GSIS) which started operations in 1937. The Act covers gov’t employees. But when Union Insurance Society of Canton appointed Russel & Surgis as its agent in Manila in the year 1939, the business transacted the Philippines was then limited to non-life insurance. In 1949...
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