CN hitches to U.S. railway to smooth out Chicago link

Article Abstract:

Canadian National Railway Co. (CN) signed a contract with Wisconsin Central Transportation Corp., that is slated to ease the freight ride from Winnipeg, Canada, to Chicago, IL, and the Gulf Coast. Wisconsin Central is a railway from Rosemont, IL, which operates 700 kilometers of track in Chicago, IL, and Superior, WS, a railway junction at the westernmost point of Lake Superior. The track is particularly important to CN since it allows the railway to send trains in the west side of Lake Michigan from Winnipeg, Canada, to Chicago, IL. From there, the trains link with the CN line to Montreal, Canada, and Halifax, Canada.

Comment:

Inked a deal with Wisconsin Central Transportation to ease freight ride from Winnipeg, Canada, to Chicago, IL & the Gulf Coast

Railway Stations, Commuter Rail Systems, Canadian National Railway Co., Railroad stations

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Eaton's, Imperial Life to open in-store financial outlets

Article Abstract:

T. Eaton Co. Ltd. and Imperial Life Assurance Co., both based in Toronto, Ontario, announced recently that they are rolling out a network of financial outlets in Eaton's stores that will provide such products as travel, life, health insurance, RRSPs and education savings plans. Operating under the name Financial Ways, the in-store project will have an official launch in Toronto on Sep. 28, 1998. Whether Eaton's will charge Imperial Life with rent or whether the department store chain will get proceeds or cut from the venture is not known.

Comment:

Firm and Imperial Life Assurance launch a network of financial outlets in its stores offering products such as health insurance

Department Stores, Life Insurance, Direct Life Insurance Carriers, T. Eaton Company Ltd., Imperial Life Assurance Co.

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Royal Bank launches suit against Ontario firm

Article Abstract:

Royal Bank of Canada filed a suit against Sudbury, Ontario-based Montpellier Group Inc, a financial consulting company, and its owner Pierre Montpellier. Montpellier Group and Mr Montpellier guaranteed a loan agreement signed on Apr 23, 1999, that the firm would make payments for a C$150,000 loan, and then later defaulted on the loan, according to the suit. Montpellier Group was also sued in Jan 1999 by Sudbury lawyer Leo Arseneau, who represents around 70 Montpellier Group clients.

Legal issues & crime, Other Management Consulting Services, Risk Management Consulting Svcs, Royal Bank of Canada

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