Ban on banks retailing insurance out of date…

A C.D. Howe Institute report says the ban on banks retailing insurance is out of date and Canada needs to get with the times.

Author Mark Daniels, a former president of the Canadian Life & Health Insurance Association, argues it is time to let more competition into the market.

“A few years ago, there was a reasonable case, perhaps not ironclad, for keeping banks from making further inroads into the insurance business.