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SSQ Financial Group
SSQ Insurance (French: SSQ Assurance), is a mutual diversified financial institution founded in 1944 in Quebec, Canada, which offers insurance and investment products. Beneva is headquartered in Quebec City, with offices in Longueuil, Calgary, Halifax, Vancouver and Toronto. The organization, which serves over three million customers and employs 2,000 employees, is one of the major insurance companies in Canada. SSQ Insurance is also one of the 500 largest companies in Quebec, ranking 79th in 2018. With a business volume approaching $3 billion and $11 billion in assets under management, Beneva is one of the 10 Canadian co-operatives present in the ranking of the most prominent coops worldwide. As a result of the merger with La Capitale Insurance in January 2020, the company was rebranded as Beneva. The announcement was made on December 3, 2020. History 1940-1948: putting down roots At the beginning of the 1940s, Dr. Jacques Tremblay out of concern for social justice t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Insurance
A mutual insurance company is an insurance company owned entirely by its policyholders. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders. History The concept of mutual insurance originated in England in the late 17th century to cover losses due to fire. The mutual/casualty insurance industry began in the United States in 1752 when Benjamin Franklin established the Philadelphia Contributionship for the Insurance of Houses From Loss by Fire. Mutual property/casualty insurance companies exist now in nearly every country around the globe. The global trade association for the industry, the International Cooperative and Mutual Ins ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fonds De Solidarité FTQ
The largest development capital network in the province, the Fonds de solidarité FTQ was created on the initiative of the FTQ, Québec's largest central labour body. As of Novembre 30, 2022, the Fonds held $17.8 billion in net assets and had more than 753,000 owner-shareholders.Fonds de solidarité FTQ Financial information - Fonds de solidarité FTQ . History * 1981 : Beginning of an economic crisis that would last 18 months and see business interest rates climb to 25%. * 1982 : Québec Summit: The FTQ looks for ways to save jobs. * June 1982 : Launch of the Corvée-Habitation project, a partnership between construction workers, unionized workers, businesses and governments that would save over 57,000 jobs during the three-year economic crisis and give homebuyers access to financing below the market rate. * September 1982 : Denis de Belleval writes 20-page report to propose creation of a 750 million dollar fund much like the one later proposed by FTQ. * October 1982 : C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quebec City Marathon
The Beneva Quebec City Marathon (french: Marathon Beneva Québec), is an annual point-to-point Boston Marathon qualifying marathon (42.195 km/26.219 mi) race between Lévis and Quebec City, Quebec, Canada. It has been held in August every year since 1998 and currently can reach up to 12,700 participants in all of the events combined. Along with the full marathon, a half marathon, a 10 km, a 5 km and children's events are arranged as well. The course distinguishes itself from other races in that kilometre markers are posted in reverse order, indicating the remaining distance to the finish line. Among other things, this allows all events to start at the same time and on the same course, from the appropriate distance away from the finish line. The race is part of a series of races that go on around Quebec City each year called "Run Quebec City", with the Quebec City Marathon being the most well known event. Other events in the series include the Oasis Internat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parent Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax-Free Savings Account
A tax-free savings account (TFSA, french: links=no, Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends, earned in a TFSA is not taxed in most cases, even when withdrawn. Contributions to a TFSA are not deductible for income tax purposes, unlike contributions to a registered retirement savings plan (RRSP). Despite the name, a TFSA does not have to be a cash savings account. Like an RRSP, a TFSA may contain cash and/or other investments such as mutual funds, segregated funds, certain stocks, bonds, or guaranteed investment certificates (GICs). The cash on hand in a TFSA collects interest just like a regular savings account, except that the interest is tax free. History The first tax-free savings account was introduced by Jim Flaherty, then Canadian federal Minister of Finance, in the 2008 federal budget. It came into effect on January 1, 2009. This measure wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Post
The ''Financial Post'' was an English Canadian business newspaper, which published from 1907 to 1998. In 1998, the publication was folded into the new ''National Post'',"Black says Post to merge with new paper". ''The Globe and Mail'', July 23, 1998. although the name ''Financial Post'' has been retained as the banner for that paper's business section and also lives on in the ''Post''s monthly business magazine, ''Financial Post Business''. The ''Financial Post'' started publication in 1907 by John Bayne Maclean."Publishing Inc. on the move". ''The Globe and Mail, April 9, 1983. It was a weekly publication, and one of the core assets of Maclean's media business, which eventually became Maclean-Hunter. The paper was purchased by Sun Media in 1987, and expanded into a daily tabloid on February 1, 1988, and added home delivery newspaper in 1990, with a reformatted ''Financial Post Magazine'' following shortly after. In 1998, Sun Media sold the ''Financial Post'' to Hollinger, whos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Group Insurance
Group insurance is an insurance that covers a group of people, for example the members of a society or professional association, or the employees of a particular employer for the purpose of taking insurance. Group coverage can help reduce the problem of adverse selection by creating a pool of people eligible to purchase insurance who belong to the group for reasons other than the wish to buy insurance. Grouping individuals together allows insurance companies to give lower rates to companies, "Providing large volume of business to insurance companies gives us greater bargaining power for clients, resulting in cheaper group rates." Group insurance may offer life insurance, health insurance, and/or some other types of personal insurance. Characteristics of group insurance Investopedia defines group life insurance as "Life insurance offered by an employer or large-scale entity (i.e. association or labor organization) to its workers or members. " Group life insurance is typically offer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edmonton Journal
The ''Edmonton Journal'' is a daily newspaper in Edmonton, Alberta. It is part of the Postmedia Network. History The ''Journal'' was founded in 1903 by three local businessmen — John Macpherson, Arthur Moore and J.W. Cunningham — as a rival to Alberta's first newspaper, the 23-year-old ''Edmonton Bulletin''. Within a week, the ''Journal'' took over another newspaper, ''The Edmonton Post'', and established an editorial policy supporting the Conservative Party of Canada (historical), Conservative Party against the ''Bulletins stance for the Liberal Party of Canada, Liberal Party. In 1912, the ''Journal'' was sold to the William Southam, Southam family. It remained under Southam ownership until 1996, when it was acquired by Hollinger International. The ''Journal'' was subsequently sold to Canwest in 2000, and finally came under its current ownership, Postmedia Network Inc., in 2010. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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