Industry News

Ontario reduces capital tax

Ontario says it will reduce the province’s capital tax by five per cent, starting next year. That was the only tax measure announced in Thursday’s provincial budget. The cut, two years ahead of schedule, is expected to cost the province $60 million in fiscal 2007, according to Dwight Duncan, Ontario’s finance minister. Duncan adds the […]

By Doug Watt |March 23, 2006

1 min read

Central bank flexible on regulatory regime, Dodge says

Governor David Dodge says the Bank of Canada has no strong leaning towards a single national securities regulator, as long as the country has uniform securities laws. Speaking on Tuesday to reporters in Toronto, Dodge said that goal can be achieved through total harmonization of securities laws, rules and procedures across the country, leaving intact […]

By Doug Watt |March 22, 2006

2 min read

U.S. slowdown could hit Canada, TD warns

While the opening months of 2006 have seen a rebound in both the U.S. and Canadian economies, the second half of the year could see a mid-cycle slowdown south of the border with ripples affecting Canada’s growth, according to a report from TD Economics. While a deceleration in late 2005 was caused by isolated incidents, […]

By Steven Lamb |March 22, 2006

4 min read

Bankers gaining more Canadians’ trust, poll suggests

Seventy-two per cent of Canadians say they trust bankers, according to Leger Marketing’s annual ranking of professions, a seven percentage point increase from last year. Although the annual survey does not include financial advisors, only 46% of those surveyed said they trusted insurance brokers. Firefighters topped the list, at 96%, conducted by Leger for the […]

By Doug Watt |March 21, 2006

2 min read