YOUR CANADIAN MORTGAGE BROKER

January 8, 2010

Ontario Teachers' Pension Plan signed agreement to acquire AIG United Guaranty Mortgage Insurance Company Canada ("UG Canada")

On Tuesday, January 5, 2010, a private Canadian investor group, led by Ontario Teachers' Pension Plan, announced the signing of a definitive agreement to acquire AIG United Guaranty Mortgage Insurance Company Canada ("UG Canada") from American International Group, Inc. The expected closing of this transaction is subject to the fulfillment of customary regulatory approvals; however, we will continue to provide you with important updates and developments as they arise.

For your convenience, a copy of the press release issued by Ontario Teachers' Pension Plan has been included HERE.

 

 

 


BREAKING NEWS

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July 28, 2010
Those looking for signs of a double-dip recession will likely have trouble finding them in the coming week, analysts say.
July 21, 2010

OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

July 7, 2010
Calgary house prices remained strong in the second quarter compared to the same period in 2009, but they are expected to decrease slightly over the remainder of the year, according to the Royal LePage House Price Survey released today.
June 30, 2010
Despite worries about the rise of household debt in Canada, a CIBC World Markets report says the rate of growth has recently slowed down.

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