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Gold/Mining/Energy : CGI Group (GIB.A) -

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To: Dave Inne who wrote (101)9/17/1997 9:43:00 PM
From: sPD   of 1673
 
Nice article in today's Globe and Mail about yesterday's release.

The article entitled "CGI Sets Interac milestone" explains that CGI is now in this business "as a result of a settlement with federal competition cops over alleged anti-competitive behaviour".

CGI is negotiating similar (to Republic National) deals with several other foreign-owned banks, some retailers and other potential non-bank clients.

CGI figures it has a competitive advantage in getting the business of the foreign banks because they would prefer to go through an independent service provider rather than paying a big-bank competitor to handle this business.
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