Industry News

Minority government need not stall regulatory reform, says TSX boss

(July 12, 2004) Skeptics believe the Liberal party’s current minority position in Ottawa means a freeze on efforts to reform the country’s fragmented securities regulation system. But TSX president Barbara Stymiest is keeping up the pressure, urging Ottawa to keep its commitment to work toward a single regulator. “This is a matter, not of politics, […]

By Doug Watt |July 12, 2004

2 min read

Bank of Canada in no rush to match Fed

(July 9, 2004) Despite the recent change of direction at the U.S. Federal Reserve, the Bank of Canada is not likely to follow suit and raise interest rates until its autumn meeting, according to economists at CIBC World Markets. “Governor Dodge has good reason to drag his feet for a while before dancing to the […]

By Steven Lamb |July 9, 2004

2 min read

Housing market ripe for one final push, advisor predicts

(July 9, 2004) Despite predictions of a bubble, Canada’s housing market remained strong in June and one advisor believes there’s room for even more growth before the inevitable slowdown. The seasonally adjusted annual rate of housing starts was 239,300 in June, according to the Canada Mortgage and Housing Corporation (CMHC), about the same as the […]

By Doug Watt |July 9, 2004

2 min read

Investors mirror pollsters in election futures market

(July 8, 2004) Pollsters weren’t the only ones caught by surprise when the Liberal party won a larger than expected minority in last month’s federal election. The Shorcan Index Election Indicator — a futures market based on the popular vote percentage — also suggested a much tighter race. The Shorcan Index allowed accredited investors to […]

By Doug Watt |July 8, 2004

2 min read