Worst may be yet to come for Canadian economy
Responding to the new CSA proposals for asset-backed commercial paper
Consolidation likely if profits fail to improve
Regulator plans product due diligence sweep later in the year
Downturn comes as little surprise given sharp collapse in global equity markets
Countries need to work together to ensure consistent global regulation
Industry disappointed capital gains taxes not lowered
Value of trading down 17%
Other countries sometimes move more quickly against Canadian perpetrators
Operating profits down 18% from a year ago