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Trudeau, ministers to discuss Alberta’s reeling economy during cabinet retreat + MORE Apr 24th
KANANASKIS, Alta. – Justin Trudeau and his 30 ministers have arrived at a luxury mountain resort in Alberta for a cabinet retreat.
The prime minister says the retreat will focus on the “challenges and opportunities” facing the province, which is reeling economically from the plunge.... More »
Making sense of the markets this week: December 14 Dec 12th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
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TORONTO – Conrad Black told Canada’s largest securities regulator Friday that he’s had “no alternative” but to fight to clear his name of allegations and U.S. criminal convictions that he considers illegitimate.
It was the first time that the former Hollinger executive has been able to testify and defend himself publicly before the Ontario Securities Commission, which oversees Canada’s largest stock market and many of its publicly traded companies.
The provincial regulator is considering whether Black and former Hollinger chief financial officer John Boultbee should be banned from acting as directors, officers or registrants of public companies following two U.S. criminal convictions.
The OSC process has been sidelined for nearly a decade as Black faced numerous fraud-related charges in the U.S. and ultimately served time in prison for two of them. Boultbee was convicted of one count of fraud in the U.S.
Black has previously been a director of several major companies, including CIBC, and was both an officer and director of several of the companies within the Hollinger newspaper group that he also controlled as a major shareholder…
It was the first time that the former Hollinger executive has been able to testify and defend himself publicly before the Ontario Securities Commission, which oversees Canada’s largest stock market and many of its publicly traded companies.
The provincial regulator is considering whether Black and former Hollinger chief financial officer John Boultbee should be banned from acting as directors, officers or registrants of public companies following two U.S. criminal convictions.
The OSC process has been sidelined for nearly a decade as Black faced numerous fraud-related charges in the U.S. and ultimately served time in prison for two of them. Boultbee was convicted of one count of fraud in the U.S.
Black has previously been a director of several major companies, including CIBC, and was both an officer and director of several of the companies within the Hollinger newspaper group that he also controlled as a major shareholder…
How Canadian Tire and Scotiabank will work together
– theglobeandmail.com
Michael Medline also confirms “more than one party” was interested in buying financial unit
TSX falls to April levels – Toronto Star
– news.google.ca
CTV NewsTSX falls to April levelsToronto StarThe Toronto stock market closed sharply lower Friday, racking up its third triple-digit slide this week Friday as worries about the global economy left the main index at its lowest level since April. The S&P/TSX composite index fell 233.24 points to 14,227.36, …TSX hits six-month low, gripped by global growth fearsReuters CanadaCanada Stocks Fall Most in a Year as Commodities SlideBloombergCANADA STOCKS-TSX hits 6-mth low, gripped by global growth fearsReuters AfricaThe Globe and Mail -Castanet.netall 257 news articles »
Finance Canada gives accidental sneak peek at coming tax measures
– canadianbusiness.com
OTTAWA – Finance Canada admits it accidentally disclosed details of imminent tax measures, sparking concerns that some individuals could have profited from advance knowledge of the changes.
A draft news release detailing tax measures to be contained in an upcoming ways and means motion was mistakenly posted on the department’s website for a few minutes late Thursday afternoon.
That forced Finance Minister Joe Oliver to hastily table the motion on Friday, earlier than planned, in order to give all Canadians full access to the information.
In a statement, Oliver called the incident “an administrative error” that was quickly rectified.
“Action was taken to take (the release) down within 10 minutes. I take this situation very seriously and have instructed the department to review its procedures to ensure it does not happen again.”
NDP finance critic Nathan Cullen wrote Oliver on Friday about the leak of “potentially sensitive tax information.”
“The leak and availability of this information, prior to it being made public, gave those with this information an opportunity for personal financial gain,” Cullen said in his letter…
A draft news release detailing tax measures to be contained in an upcoming ways and means motion was mistakenly posted on the department’s website for a few minutes late Thursday afternoon.
That forced Finance Minister Joe Oliver to hastily table the motion on Friday, earlier than planned, in order to give all Canadians full access to the information.
In a statement, Oliver called the incident “an administrative error” that was quickly rectified.
“Action was taken to take (the release) down within 10 minutes. I take this situation very seriously and have instructed the department to review its procedures to ensure it does not happen again.”
NDP finance critic Nathan Cullen wrote Oliver on Friday about the leak of “potentially sensitive tax information.”
“The leak and availability of this information, prior to it being made public, gave those with this information an opportunity for personal financial gain,” Cullen said in his letter…
OTTAWA – Finance Canada admits it accidentally disclosed details of imminent tax measures, sparking concerns that some individuals could have profited from advance knowledge of the changes.
A draft news release detailing tax measures to be contained in an upcoming ways and means motion was mistakenly posted on the department’s website for a few minutes late Thursday afternoon.
That forced Finance Minister Joe Oliver to hastily table the motion on Friday, earlier than planned, in order to give all Canadians full access to the information.
In a statement, Oliver called the incident “an administrative error” that was quickly rectified.
“Action was taken to take (the release) down within 10 minutes. I take this situation very seriously and have instructed the department to review its procedures to ensure it does not happen again.”
NDP finance critic Nathan Cullen wrote Oliver on Friday about the leak of “potentially sensitive tax information.”
“The leak and availability of this information, prior to it being made public, gave those with this information an opportunity for personal financial gain,” Cullen said in his letter…
A draft news release detailing tax measures to be contained in an upcoming ways and means motion was mistakenly posted on the department’s website for a few minutes late Thursday afternoon.
That forced Finance Minister Joe Oliver to hastily table the motion on Friday, earlier than planned, in order to give all Canadians full access to the information.
In a statement, Oliver called the incident “an administrative error” that was quickly rectified.
“Action was taken to take (the release) down within 10 minutes. I take this situation very seriously and have instructed the department to review its procedures to ensure it does not happen again.”
NDP finance critic Nathan Cullen wrote Oliver on Friday about the leak of “potentially sensitive tax information.”
“The leak and availability of this information, prior to it being made public, gave those with this information an opportunity for personal financial gain,” Cullen said in his letter…
