Alberta is the most vocal province to disagree with the federal governments plan to move provincial securities regulators under the federal wing.
The federal government states the new plan would allow this new centralized Securities Regulatory Authority to operate regionally, through local offices but the provinces are not biting.
Ted Morton told the Calgary Herald..
“The proposed legislation [...]
New Australian Prime Minister Julia Gilliard has retreated from the bald tough approach of her predecessor, Kevin Rudd on the proposed mining super tax.
Ms Gilliard has stepped back from the controversy that surrounded the issue and has suspended the Government’s proposed advertising campaign which was to explain the reasons behind the tax.
In turn the [...]
The Nikki fell 2% in early trading as concerns surfaced over US consumer spending and the outlook on corporate earnings. The index fell through the support level of 9800 and the weekly charts were affected by the appearance of the formation known as the “death cross”.
This formation is normally the precursor to further falls.
The Hang [...]
Wednesday morning in the East saw the main market indexes fall.
There was thin trading in Hong Kong and Shanghai with the Heng Seng dropping .4%. The Nikki index also lost ground.
Traders it seemed had shaken off the enthusiasm of the day before after coming to the conclusion that the decision to let the control [...]
Icahn claims that Lions Gate (LGF) may have to declare a bankruptcy.
If Icahn increases his ownership stake beyond 20% then the film studio may have to file for bankruptcy. the 20% would trigger a technical default on the $340 million outstanding loan.
Icahn currently controls 19% and has stated that bankruptcy was a real possibility [...]
Recently Rightmove , the leading property website in the UK issued some statistics on overseas property searches within their own websites.
It seems as if Brits are being encouraged by the recent drops in the Euro to consider purchasing property abroad. Given the state of the pound this is somewhat startling but may indicate an increasing [...]
In what appears to be an internal disagreement, the BC Energy minister has resigned over the upcoming HST scheduled to take effect on July 01
This HST decision is something the provincial government pounced on within days of winning their third term in 2009. This is probably why many BC residents are upset, the government made [...]
When your company is not quite ready for the big Nasdaq IPO, the Toronto Stock Exchange may be just the place.
US companies are turning to Canada’s major stock market to raise funds to grow their businesses.
The big issues are tax planning and compliance issues, but doing a cross border IPO is really not that [...]
Recent comments from some major brokerages suggest that clients have “simply lost confidence in all government, corporate and regulatory agency leaders and have begun to lose faith in the market as an appropriate place for savings”!
Fundamentally they can’t face another 2008. Negativity seems to be the order of the day.
Most indications suggest that the market [...]
Indications are that the new Chancellor of the Exchequer, George Osborne is about to raise the CGT rates from 18% upwards. Some scaremongers are suggesting it may well go to 50%!
Estate Agents are of the opinion that if this happens then the purchase of secondary, or “buy to let” houses will be seriously curtailed. Existing [...]
