Industry News

Wise persons committee begins cross-country road trip

(July 9, 2003) A federally appointed committee asked to come up with ways to reform the country’s fractured securities regulation system slipped quietly into Toronto this week for two days of consultations. The wise persons committee, chaired by Michael Phelps, is starting a three-week cross-country road trip, with stops in 10 cities. The Toronto consultations, […]

By Doug Watt |July 9, 2003

3 min read

Don’t ignore new U.S. RRSP tax laws, experts say

(July 8, 2003) Tax experts are warning Canadians with RRSPs who live in the United States not to ignore an upcoming filing deadline set by the Internal Revenue Service (IRS). Those who made contributions to or received distributions from an RRSP or RRIF in 2002 must file two complex forms — one six pages and […]

By Doug Watt |July 8, 2003

3 min read

Banks warn Canada will lose top G-7 spot to U.S.

(July 8, 2003) While the U.S. economy will be slow to recover, it should outperform the rest of the developed world as the global economy stagnates, according to reports released today from Scotiabank and RBC Financial Group. Despite incredibly low interest rates and tax cuts intended to spur economic activity, the U.S. is on the […]

By Steven Lamb |July 8, 2003

3 min read

Briefly:

(July 11, 2003) A lunch with investment guru Warren Buffett has fetched more than a quarter of a million dollars in an online auction. An anonymous bidder won the prize yesterday with an E-bay bid of $250,100 US. Buffett is donating the proceeds of the auction to Glide, a San Francisco-based charity that helps the […]

By Staff |July 7, 2003

5 min read