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A BAY ST. WHO'S WHO

A desire to make the most of the new global reputation that Canadian financial institutions have garnered as pillars of stability is uniting a who's who from Bay Street and leaders from all levels of government. The newly formed Financial Services ...

From TARA PERKINS, Globe and Mail,  23 Nov 2009

Related Topics: Jim Flaherty,  Dalton,  Dwight Duncan,  David Miller

Weak growth delays Flaherty attack on deficit

A s Canada's economy struggles to gain momentum, Jim Flaherty faces a delicate balancing act. On one side, he says the economy is stable enough that no new stimulus measures are required. On the other, it's not strong enough to allow the government to ...

From TARA PERKINS, Globe and Mail,  20 Nov 2009

Related Topics: Jim Flaherty,  European Central Bank,  Jean-Claude Trichet,  G-20,  Hank Paulson

Pace of rebound to determine budget moves: Jim Flaherty

T he government will determine how much spending restraint is required to balance the budget once economic recovery is entrenched, the federal Finance Minister says. Speaking in Toronto Friday, Jim Flaherty said Ottawa will look to make cuts in the $100- ...

From TARA PERKINS, Globe and Mail,  20 Nov 2009

Related Topics: Jim Flaherty

Manulife gets an earful over stock dilution

M anulife Financial Corp. chief executive officer Donald Guloien, a seasoned deal-maker, has put himself under intense pressure to pull off some stellar takeovers with the insurer's sudden move to raise $2.5-billion in equity. Mr. Guloien's decision ...

From TARA PERKINS AND ANDREW WILLIS, Globe and Mail,  20 Nov 2009

Related Topics: Sun Life Financial,  Financial Institutions, Inc.

Fairfax Financial delisting shares from NYSE

F airfax Financial Holdings Ltd. FFH-T is delisting from the New York Stock Exchange, having decided that the expense and inconvenience of being listed in the United States outweigh the benefits. The Toronto-based company has been listed on the NYSE for ...

From TARA PERKINS, Globe and Mail,  19 Nov 2009

Related Topics: NYSE,  New York Stock Exchange

Rumours of CIBC's Irish interest are just that

T he rumours are back. The Irish Independent is reporting today that “Allied Irish Banks, which needs to raise billions of euro to bolster its capital reserves over the next few years, is continuing to be circled by Canadian Imperial Bank of Commerce, ...

From TARA PERKINS, Globe and Mail,  19 Nov 2009

Related Topics: Allied Irish Banks, p.l.c.,  Canadian Imperial Bank of Commerce,  Oppenheimer Holdings, Inc.

Wary Manulife back for billions

M anulife Financial Corp. MFC-T chief executive officer Donald Guloien has done what he described three months ago as “the last thing we want to do.” In a swift reversal, Mr. Guloien stunned investors late Wednesday with a decision to raise at least $2.5 ...

From TARA PERKINS AND ANDREW WILLIS, Globe and Mail,  18 Nov 2009

An agency to nab drug dealers and fraudsters

T he Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, is the eight-year-old government agency that was set up to detect and prevent money laundering. By uncovering these schemes, it also hopes to put a dent in crimes ranging ...

From TARA PERKINS, Globe and Mail,  18 Nov 2009

Report urges transformation of Toronto's financial sector

O ne month after he released Ontario's 2008 budget, Finance Minister Dwight Duncan met with chief executives from the country's major banks, insurers and pension plans at the Toronto Club. He told them he was concerned about job losses in Ontario's ...

From TARA PERKINS, Globe and Mail,  18 Nov 2009

Related Topics: Dwight Duncan,  Don Drummond

Regulators scrap changes to governance rules

S ecurities regulators have decided to abandon a proposed overhaul of Canada's corporate governance rules after a number of companies complained that they've got their hands full dealing with the financial crisis. The Canadian Securities Administrators, ...

From TARA PERKINS, Globe and Mail,  13 Nov 2009

Related Topics: WestJet Airlines,  NEXEN INC,  Rogers Communications,  Renault

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