American Express wins approval to become bank-holding company
The federal government has released draft legislative proposals to implement amendments to the functional currency tax reporting rules.“The proposals I am announcing today will improve the tax system and provide an environment in which Canadian businesses can operate more effectively,” said Finance Minister Jim Flaherty in a release.Bill C-28, the second Budget 2007 implementation bill, […]
TMX Group Inc. CEO Thomas Kloet will begin purchasing common shares of TMX Group to achieve the company’s equity ownership requirements, the corporation reported Monday. Kloet intends to begin purchases in the current trading window and may make purchases in subsequent windows to achieve the requirement, TMX Group said. Kloet is required to achieve a […]
Urban starts decline in B.C., Prairies and Ontario
GrowthWorks Canadian Fund and Canadian Medical Discoveries Fund enter into a letter of intent
Nortel posts Q3 loss, announces job cuts
CI earnings on deck
Unitholders approved changes to the investment objectives of three Desjardins mutual funds at meetings held Friday.The changes to Desjardins Dividend Fund, Desjardins CI Value Trust Corporate Class Fund and Desjardins Ethical Canadian Balanced Fund are effective Jan. 15, 200.The Fédération des caisses Desjardins du Québec, the manager of Desjardins Funds, reserves the right to reschedule […]
Association recommends pension solvency funding period be increased
Bank takes $20 million charge on sale of car loan portfolio