Says decision on trusts will be made in the best interest of all stakeholders
Warns direct taxation could result in negative ratings actions
Plans on track for December introduction
Uncertainty created by federal announcement, firm says
Consultation on adding trusts to S&P/TSX composite underway
CI shares down 10%
CSA concerned that investors are receiving limited information on estimates
Says demand trust units may offer shareholders increased tax efficiencies, greater liquidity
Energy trusts fuel sector’s climb in July
Will consult with industry