Toronto and New York stock prices ended a solid week on an upbeat note, with the U.S. market looking for rate cuts and Canadians getting a boost from bank and metals shares.The S&P/TSX composite index closed up 25.23 points at 13,689.12, while the Dow Jones industrial average added 60 points to close at 13,371.72.Over the […]
The federal Department of Finance has established an advisory panel to consider ways to improve the fairness and competitiveness of Canada’s system of international taxation.The panel’s objectives are to: improve the fairness, economic efficiency and competitiveness of Canada’s system of international taxation; minimize compliance costs for business and facilitate administration and enforcement by the Canada […]
The Canadian Institute of Chartered Accountants today said 2,327 students successfully completed in 2007 the chartered accountant profession’s uniform evaluation, one of the most challenging professional examinations in the world.“We are delighted to welcome this newest group of future leaders to the most valued, internationally recognized accounting body in Canada,” said CICA president and CEO […]
The European Central Bank announced that it will be taking added measures to ensure banking system liquidity over the holidays.The ECB’s governing council decided, by means of a teleconference, to lengthen the maturity of the main refinancing operation settling on Dec. 19 to two weeks. The new maturity date will be Jan. 4, 2008, instead […]
The North American Securities Administrators Association says that the current securities industry regulatory structure doesn’t need any major changes.In a submission to the U.S. Department of the Treasury, NASAA voiced strong support for the current regulatory structure and cautioned against a significant overhaul in an effort to enhance the competitiveness of U.S. capital markets.“The millions […]
Mark Calaiezzi assumes duties in February
Core inflation remains steady in October
Mackenzie campaign separates educational content from product information
Bank takes $160 million writedown on U.S. subprime holdings
Consumer spending eases