Industry

Credit for cooperation still under the radar

Yes, regulators really do give credit to firms that cooperate with compliance inquiries and then make bona fide efforts to clean up operations. But you won’t read about it in the papers because those cooperation agreements generally preclude the regulator from providing details about what took place. On the flipside, Jeffrey Kehoe, director of enforcement […]

By Philip Porado |November 23, 2005

2 min read

Clarington seeks binding offer from CI

The board of Clarington has responded to criticism from CI Financial, saying that if CI wants its takeover bid to be considered, it should submit a binding offer. “CI has reiterated that any offer would be made by way of a take-over bid circular,” the Clarington board said in a statement issued this morning. So […]

By Steven Lamb |November 23, 2005

3 min read

Finance Minister makes surprise announcement on income trusts

Facing a non-confidence motion that could bring down the federal government as soon as next week, the finance minister has announced major changes to the taxation of income trusts. In order to level the playing field between corporations and income trusts, Ralph Goodale is reducing personal income taxes on dividends. “Given the uncertainty surrounding how […]

By Mark Brown |November 23, 2005

2 min read

Debt issuance seasonally slower in Q3

The third quarter may have been slow, but debt financings on a year-to-date basis are set to make 2005 a record year, according to a report from the IDA. “As 2005 draws to a close, it looks like another phenomenal year in the debt market,” the report says. “However, momentum will likely slow in the […]

By Steven Lamb |November 22, 2005

2 min read