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Newspaper
Chetwynd The Echo
Location
Chetwynd, British Columbia, Canada
Date
Oct 05, 1999
Page
9
Canadian banks securities firms and insurance companies say they are ready for the Year 2000 problem. They have updated systems spent billions on fixes and contingency plans and issued consumer guarantees through the Canadian Bankers Association to reassure customers about money in institutions.
A Canadian market overview notes banks and insurers are Y2K ready with mid-1999 tests and OSFI oversight. Regulators report confidence in system stability, while advising investors to keep paper records before year end and consult advisors for guidance.
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