Industry News

Briefly:

(June 20, 2007) Canada will not be immune to rising interest rates that are going to put the brakes on global economic growth, says TD Bank’s chief economist, Don Drummond. In the June issue of TD’s Quarterly Economic Forecast, Drummond predicts that over the longer term, the global economy will ride out higher interest rates. […]

By Staff |June 20, 2007

5 min read

Flaherty keen to overhaul regulatory regime

Federal Finance Minister Jim Flaherty has announced he will move the ball forward on the development of a single securities regulator, launching an expert panel to research the idea, despite opposition from his provincial counterparts. “All provinces and territories are invited to participate in this collaborative process, including suggesting names for the expert group and […]

By Steven Lamb |June 20, 2007

2 min read

Briefly:

(June 19, 2007) Energy enthusiasts take note: a new energy sector ETF is on the market. Jovian Capital Corporation and BetaPro Management announced Tuesday that they have launched the first ETFs in Canada to offer “inverse and magnified exposure” to the S&P/TSX Capped Energy Index. “The Horizons BetaPro S&P/TSX Capped Energy Bull Plus ETF is […]

By Staff |June 19, 2007

4 min read

OSFI loosens the leash on bank disclosure

The Office of the Superintendent of Financial Institutions Canada issued a proposal on Tuesday to relax its disclosure guidelines for banks writing off bad debt. Under the proposal, banks will have to adhere only to Canadian generally accepted accounting principles (GAAP) to disclose foreseen losses resulting from bad loans. Released in 2001, OSFI’s C-5 guideline […]

By Mark Noble |June 19, 2007

3 min read