Industry News

Briefly:

(January 30, 2007) Laurentian Bank of Canada, through its LBC Financial Services subsidiary, a mutual fund broker, will offer the Clarington Target Click Funds, which are designed to help investors participate in the growth potential of global equity markets while protecting their invested capital and gains against downside risk. The Clarington Target Click Funds guarantee, […]

By Staff |January 30, 2007

4 min read

Debt issuance surged in Q3

Despite offering low returns, the debt market in Canada had its second best quarter on record, according to the Investment Industry Association of Canada’s Review of Debt New Issues and Trading for Q3. Total debt issuance increased 20.8% — to $45.7 billion — over last quarter, and 23.2% from last year. “This past summer turned […]

By Bryan Borzykowski |January 30, 2007

2 min read

Flaherty defends income-trust tax scheme

Ever since the federal government announced its plan to impose taxes on the distributions of income trusts, the finance minister has faced questions over the amount of tax leakage trusts actually represent. Official documents recently released by Finance were of little use, as most of the numbers were blacked out. Various academic studies had arrived […]

By Steven Lamb |January 30, 2007

3 min read

Briefly:

(January 29, 2007) Minister of Finance Jim Flaherty released draft legislation, explanatory notes and a backgrounder for several measures aimed at improving the application of the goods and services tax/harmonized sales tax to the financial services sector. The proposed new framework for the GST/HST input tax credit allocation for financial institutions is intended to reduce […]

By Staff |January 29, 2007

2 min read