Industry

Briefly:

(April 19, 2007) The Manulife Investor Sentiment Index dropped four points, after an 11-point gain the previous quarter. Last quarter’s results were the largest upswing since the surveys began in 1999, falling just one point shy of its all-time high of +35, reached in mid-2000. “Support for investing in general remains very strong and our […]

By Staff |April 19, 2007

4 min read

CRA, the paperwork busters?

Eligible businesses with average monthly withholdings less than $3,000 may remit source deductions quarterly instead of monthly, beginning in the 2008 tax year. Qualifying businesses with net tax less than $3,000 will be able to remit GST and HST annually instead of quarterly, beginning after 2007. Businesses with taxable supplies (any taxable sale of goods […]

By Kate McCaffery |April 19, 2007

6 min read

Briefly:

(April 18, 2007) TD Banknorth, the U.S. arm of TD Bank Financial Group, has announced its shareholders have approved its proposed privatization. Upon completion of the transaction, the Maine-based bank will become a wholly owned subsidiary of TDBFG “We’re pleased that TD Banknorth’s minority shareholders voted in favour of this transaction,” said Ed Clark, TD […]

By Staff |April 18, 2007

3 min read

Foreigners buy Canadian: StatsCan

Foreign investors made an about-face in February, piling back into Canadian securities after a substantial sell-off in January, according to Statistics Canada’s monthly report on securities trading. Non-residents acquired $4.8 billion worth of Canadian securities, with net sales of equities topping $5.1 billion in February. In fact, StatsCan reports that foreign investment in Canadian stocks […]

By Mark Noble |April 18, 2007

2 min read