Industry News

FPSC yet to replace Johnston

So far it would seem Don Johnston hasn’t been able to fully enjoy retirement on his southwestern Ontario farm. After announcing last May that the FPSC founding member and two-term president would step down in 2006, the organization still not found a replacement for its 67-year-old leader. “If they had found a replacement by March […]

By Heidi Staseson |May 25, 2006

3 min read

Bank of Canada raises rates to 4.25%

It was a bit of a guessing game this time around, but in the end, Canada’s central bank did as most analysts expected, raising its key overnight lending rate 25 basis points to 4.25%. It’s the Bank of Canada’s seventh consecutive rate hike since last fall. The big banks quickly followed suit, raising their prime […]

By Staff |May 24, 2006

1 min read

Briefly:

(May 24, 2006) July 1 will mark the first time the GST rate has been changed since the its introduction in 1991. To help with the transition, the CFIB has produced a checklist, developed in collaboration with the federal Department of Finance and the Canada Revenue Agency, to help small businesses prepare for the reduction […]

By Staff |May 24, 2006

5 min read

Banks segmenting client base, report suggests

If you think retail banks are impersonal now, just wait. According to the 2006 World Retail Banking Report by Capgemini, banks plan to leverage their various channels to better reach clients, largely at the expense of the one-on-one experience, at least for those at the lower end of the income ladder. And clients apparently prefer […]

By Mark Brown |May 24, 2006

3 min read