RVS have a new insurer

TORONTO — Intact Financial Corp. will buy Jevco Insuranceco from Westaim Corp. for $530 million in a move that will add recreational-vehicle insurance to its Canadian property and casualty insurance sector. .

LABOUR

Statscan cuts

OTTAWA — Layoff notices have been sent to nearly half of Statistics Canada’s 5,700 staff. The final job cuts will be far smaller than that but “governments will see the

volume and detail of information available sharply reduced,” chief statistician Wayne Smith said.

VOTE

Bill backs off

TORONTO— Bill Ackman will leave it to Canadian Pacific Railway Ltd.’ s shareholders to decide who will sit on its board. Ackman sought to replace CEO Fred Green with Hunter Harrison, former head of rival Canadian National Railway Co. — News Services