Increased costs post short-term burden, but everyone agrees it is a good long-term investment
The Ontario government promised Wednesday it would balance the budget by fiscal 2008-09, possibly a year earlier should a $1.5-billion reserve not be needed. Ontario Finance Minister Greg Sorbara tabled his government’s 2005 budget that includes a $6.2-billion plan for post-secondary education, sharp cuts to the province’s deficit and no new tax increases.But the budget […]
Newly public ing Canada Inc. — the country’s biggest property and casualty insurer even before it bought most of Allianz AG’s Canadian operations in December — expects to keep growing by acquisitions.Claude Dussault, ING president and CEO, says the company could double its size in as few as five years, depending on the pace of […]
But firms structure in equity or profit participation to enhance appeal
Many economists expect the Canadian economy to chug along at 2.5%-3% this year, but there are a number of threats
Although a june federal election would nullify the measures introduced in the recent federal budget, financial advisors and investors can be pretty confident that the elimination of the foreign-content ceiling and the increase in RRSP contribution limits will be effective for 2004, regardless of which party forms the government.The industry can also expect that, whether […]
Canadian balanced, dividend and income trust funds top best-seller list. That may change as interest rates rise
The treatment of some preferred shares in financial statements is changing for fiscal years ending in 2005. The change will address the Canadian Accounting Standards Board’s concerns about whether securities issued by a company are equity or liabilities.Securities affected by the new standard are those for which holders receive, on maturity, either a set amount […]
The majority of canada’s publicly traded financial services companies saw profits rise in the fourth quarter of 2004 from the same quarter a year earlier. Twenty-seven firms reported increases, while one experienced no change, six saw profits decline and six reported a loss.That tally excludes five subsidiaries whose results are consolidated with those of the […]
TD, RBC, BMO dominated fund sales during RRSP season