Chisholm Pothier News
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Canadian Finance Minister Jim Flaherty plans to introduce legislation as early as tomorrow that may contain changes to the oversight of Canada Mortgage & Housing Corp. and rules governing covered bonds.
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Canadian authorities are stepping up oversight of the nation’s housing market even as lenders such as Bank of Nova Scotia warn that tougher rules could threaten the economic recovery.
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The Supreme Court of Canada ruled that Finance Minister Jim Flaherty’s proposal to create a national securities regulator is unconstitutional, arguing that the federal government overstepped its authority into provincial jurisdiction.
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The Supreme Court of Canada said that Finance Minister Jim Flaherty’s proposal to create a national securities regulator is unconstitutional, arguing that the federal government overstepped its authority into provincial jurisdiction.
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Canada’s finance minister Jim Flaherty and central bank chief Mark Carney will testify Aug. 19 at a parliamentary committee on the debt crisis in Europe and the U.S. budget deficit.
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Statistics Canada sends at least 69 government workers and political aides economic reports a day before publication, a practice that investors say undermines market confidence.
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Canadian opposition parties are pushing for hearings into Statistics Canada’s practice of releasing economic reports a day before publication to at least 69 government workers and political aides.
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Talks between Quebec and Canada on the melding of their sales taxes are advanced enough for the parties to reach agreement, the Canadian Press reported, citing Quebec Finance Minister Raymond Bachand ’s spokeswoman.
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Opposition lawmakers are asking that an external probe commissioned by the Canadian government into early data releases by Statistics Canada examine whether anyone profited from the practice.
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The Bank of Canada said a bag of documents was stolen from Governor Mark Carney ’s unattended car in Montreal on Nov. 1 after a thief smashed the window and grabbed briefing notes and staff reports.
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