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HE OAKVILLE swamping the CDIC‘s special telephone _ lines earlier this week, with more than 4,000 calls having been Prenor was ‘ recently on the verge of being taken over z by a Boston financial institution called Society Corp. but the deal collapsed. Calls from depositors were BEAVER F1 iday, Dec. Financial marketplace in major reâ€"alignments (Continued from page 25) Supp ort The United Way Piercy says money has been set aside to deal with needy depositors‘ requests but adds that historically, _ all received by Tuesday, according to CDIC s p o ke s w 0 m a n Margaret Piercy. Englishâ€"speaking callers should call 1â€" 800â€"663â€"7418 if they are in urgent need of CDIC chief executive Jean Pierre Sabourin told the Beaver this week that he is hoping to arrange for another financial institution to take over Prenotr‘s deposit accounts, as happened with National‘s takeover depositors with onâ€" demand money get their funds within two months. Sales Representative 338â€" "Hopefully, within the next few weeks, we shall be making an announcement (about who will take over Prenor accounts). Prenor has been up for sale since the spring and it was a surprise when the company came to us and asked us the way to go about winding it up," said Sabourin. Michel Beaudry, spokesman for the Superintendent of Investing in isolation can prove costly Foreign investing has become popular in recent years. Canadians _ have become more knowledgeable about the advantages of adding geographic diversification to their portfolios. In fact, we have had several examples paid as they fall due, said the Ottawaâ€" based CEO. of Dominion Trust. All RRSP accounts are being transferred to another company, he said. GICs will be sutton groupâ€" .. â€"_ people properties inc. AN INDEPENDENT MEMCER BROKER 844â€"5000 * 2511 Lakeshore Road, Unit 612 * Immaculately kept, 2â€"bedroom â€" suite in prestigious condominium * Numerous upgrades in a comfortable 1,260 sq. ft. living space * Come view at our open house CIDEL RIVERA* 847â€"3030/338â€"5746 MEL WHITE* 847â€"3030/829â€"1344 Oak stairs rolling (top to bottom), irongate ent., 2 fireplacesl?g fdtchens, absgl complete, kitchen open to F/P, front patios, gazebo, waterfall. There‘s LOTS MORE ... To view call THE NISBETS, Sales Reps. 905â€"329â€"5987!1 * 2:00â€"4:00 p.m. * Sunday, December 12, 1993 * Perfection, privacy, pool. * A must to see CONNIE PIKE** Assoc. Broker Bus. 847â€"3030, Res. 338â€"6079 THE NISBETS, Sales Rep. 905â€"329â€"5987! EXTRA! EXTRAâ€" ORDINARY!! READ ALL ABOUT IT!!! In addition to the Dominion _ Trust takeover by National Trust, the downtown financial district has seen several other changes in recent months. The Royal Bank‘s acquisition of Royal Trust‘s trust operations and other financial services has left a question mark over Royal Trust‘s Dunn and Lakeshore Road offices and Montreal â€" Trust‘s takeover by the Bank of Nova Scotia, has brought more Financial Institutions, also in Ottawa, said Prenor has been monitored for some months, along with other institutions with problems. »> of how "isolation has become a thing of the past. These examples come from our personal investment trends towards international investing, free trade, and corporate strategies. We have just had an illustration of However, there have been few actions so far which have affected employment _ or o per a t i o n s significantly. Royal Trust officials told the Beaver Wednesday that the Dunn Street office will be maintained They voted to accept the NAFTA agreement that opens free trade between Canada, the United States, and Mexico. There was a lot of second â€" guessing before the vote and many predicted that the motion would "I think Oakville‘s dream about being a big corporate and commercial centre is dead," said one downâ€"toâ€"earth shopkeeper this week. "It‘s going to be a collection of boutiques, bistros and restaurants in a few years‘ time." worldâ€"wide thinking. This came from the Americans. rumours over rationalization by the big companies there. Dorothy Thomson â€" Broker/Manager 2448 Lakeshore Road West, Oakville Together we can help a lot of families in need have a better "Holiday Season". Sincerely ROYAL LEPAGE REAL ESTATE SERVICES LTD. As part of Royal LePage‘s commitment to the community, each one of the households in the Bronte area will receive this package today...hand delivered by one of our salespeople. The request is simple... Please place nonâ€"perishable food items in the bag provided. Either call Please place nonâ€"perishable food items in the bag provided. Either call our office at 825â€"1171 and we will pickâ€"up your parcel or drop it in at our office on or before December 18th at: Dear Oakville Resident and Neighbour: As the year draws to a close, and in keeping with the "Holiday Season", we are directing our energy to a worthwhile cause... Royal LePage Real Estate Services Lid., Broker ROYAL LEPAGE W1 National Trust serior viceâ€"pres. and Chief _ Financial Officer, Brian Wilson, himself an Oakvillian, said the new branch was hoping to retain all Dominion _ staff. National was founded in 1844 and has 195 branches including Dominion‘s five units. It includes the Premier Trust branch at Sixth Line and Upper Middle Road under its That pessimism was understandable because the Americans have been dragged through this world recession too. They have lost thousands of businesses and millions of jobs due to the economic restructuring. although it does intend to ‘merge‘ its Dorval Drive offices with the downtown site without job losses. The Royal Bank offices will continue to operate independently. And who would Tt â€" perspective too. So you‘re in good company. Wilby said the Dominion staff will remain and hinted that a larger site for merged operations may be sought. You can see that while you have started to incorporate a world perspective on your investments, countries are taking blame them for feeling economically insecure? Free trade takes an element of blind â€" faith to. abandon the statu ; quo and venture out into uncharted waters. In the end, they took the best long term direction and embraced the new world order of free trade. Immediately after the vote, they hosted the leaders of Pacific Rim countries, and included Canada, to discuss trade in that part of the world. Meanwhile, Europe has formed an economic tradmg block, â€" plus the United States has put pressure on GATT to finalize world trade with the more than one hundred countries that have been involved in that process for the last few years. National Trust‘s local manager, Dave Wilby, who also looks after the Erin Mills town centre branch, said they have taken over 57.5% of Dominion‘s Oakville accounts. "We didn‘t have a branch downtown in Oakville, that‘s what attracted us to Dominion," said Wilson. He said his company had acquired 18,000â€" 20,000 _ accounts across Ontario by xts takeover. (See ‘Global‘ page 31) broader