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Canadian Bank, Insurer Sign Marketing Pact

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NU Online News Service, Dec. 1, 2004, 11:35 a.m. EST

An Ontario insurer is teaming up with a Quebec bank.[@@]

The Canada Life Assurance Company, Toronto, has agreed to distribute investment loans, registered retirement savings plan loans and other financial products from National Bank of Canada, Montreal, in markets throughout Canada.

The deal should help National Bank achieve its long-range goal of expanding outside Quebec, a bank spokesman says.

Canada Life is a unit of Power Corporation of America, Montreal.