Industry News

Briefly:

Canada shed another 61,000 jobs in March, all in full-time work, according to Statistics Canada. The decrease pushed the unemployment rate up 0.3 percentage points to 8.0%, the highest in seven years. The speed at which employment has crumbled is much more severe than the unemployment rate suggests. Since peaking in October 2008, employment has […]

By Staff |April 9, 2009

4 min read

Blythe on blogs

Earlier this week, TD Canada Trust chairman Ed Clark warned Canadians against complacency: we may have dodged the first bullets, but there are more to come. Among the reasons he cited were that, with the drying up of securitization markets, banks would have to keep more loans on their books. Also, as foreign banks mend […]

By Scot Blythe |April 9, 2009

5 min read

Briefly:

The Canadian Life and Health Insurance Association (CLHIA) has issued a statement welcoming the initiatives announced by the G-20 leaders last week in London. “We believe that the G-20 has charted a new course for bringing long-term stability to the global financial services sector,” said Frank Swedlove, CLHIA president. “The G-20 has adopted measures to […]

By Staff |April 8, 2009

2 min read

Small business death and taxes

The clock is ticking for individual and business tax filers, as the annual ritual of mental gymnastics, strategic tax planning and paperwork is well underway. For business owners, the Canadian Federation of Independent Business (CFIB) has released a research report that examines and compares different provincial tax regimes across the country. For individuals, a new […]

By Kate McCaffery |April 8, 2009

3 min read