Banknerd.ca (Free subscription) | 22/11/2009
Federal Finance Minister Jim Flaherty warned companies and banks that if they do not comply with a proposed voluntary code of conduct for the credit and debit card markets, he will be bring down the “hammer” of regulation. The code, which is designed to address merchants’ claims they are being unfairly treated, draws more cautious responses [...]
Foreign Exchange Outlook (Free subscription) | yesterday
Market Update - GBP CAD We've had a very mixed bag of data for the pound over the last week. Public sector borrowing was far higher than expected for October (£11bn versus £7bn expected) and traders are still concerned that further quantitative easing may lie ahead after last week's Bank of England minutes revealed that one MPC member voted for a £40bn increase. On the plus side,...
Canadian Cynic (Free subscription) | 21/11/2009
There's the news of the day : Weak growth delays Flaherty attack on deficit As 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 tackle its massive deficits. And there's the mullet that walks like a man...
CBC.ca (Free subscription) | 21/11/2009
Rather than turning off the stimulus taps or pouring more fuel on the economic fire, Ottawa will stand pat with the $61 billion in stimulus spending announced in January, Finance Minister Jim Flaherty says.
Sobering Thoughts (Free subscription) | 21/11/2009
The glass is half fullHeadline on a Canadian Press story: "Flaherty says government will undertake no new spending in next year's budget." Of course, last year at this time, the Tories weren't on the verge of announcing $50 billion in deficit spending in 2009/10. That's the half full side of the cup. On the empty half: Finance Minister Jim Flaherty says there will be no cuts in spending.
Globe and Mail (Free subscription) | 20/11/2009
Government will look at possible spending cuts only after economic recovery is entrenched, Finance Minister says
ForestTalk (Free subscription) | 20/11/2009
Finance Minister Jim Flaherty has agreed to meet with the management of AbitibiBowater and the Communications, Energy and Paperworkers Union (CEP) concerning the company's pension shortfall. Flaherty encouraged the two parties to meet the provincial governments first, because such pension arrangements fall in their jurisdictions, and "then he'll sit down and meet with them." Read more: Canada...
Banknerd.ca (Free subscription) | 20/11/2009
Finance Minister Jim Flaherty has finally unveiled his long awaited proposed voluntary code of conduct for Canada’s multibillion-dollar credit and debit card industries. Within the proposed voluntary code of conduct, you will find a number of measures that will address the complaints brought forward by merchants. Flaherty noted that the proposed code is intended to promote [...]
Stageleft:. Life on the left side (Free subscription) | 20/11/2009
The Bunker's Surveillance Bureau has obtained the draft text of Finance Minister Jim Flaherty's Financial Update. We assume there will be some edits prior to delivery.
Globe and Mail (Free subscription) | 20/11/2009
The Finance Minister buys a board game instead of selling Crown assets - and Jean-Pierre Blackburn brags about his billions
atHome Top Story (Free subscription) | 20/11/2009
Federal Finance Minister Jim Flaherty warned card companies and banks if they don't comply with a proposed voluntary code of conduct for the multibillion-dollar credit and debit markets he would bring down the hammer of regulation.
Michael James on Money (Free subscription) | 20/11/2009
1. Finance Minister Jim Flaherty has finally come out with new proposed rules for credit and debit cards (thanks to Lyne who found this link for me). 2. Rob Carrick collected together several proposals for improving TFSAs . Most of them amount to increasing the amount that Canadians can contribute to a TFSA, in some case favouring older people. These sound great for old rich people (something I aspire...
Toronto Sun - News (Free subscription) | 20/11/2009
Unless credit and debit card companies behave according to a new voluntary code of conduct they will have government regulations imposed on them, warned Finance Minister Jim Flaherty.
Globe and Mail (Free subscription) | 19/11/2009
Plus, what Jim Flaherty hopes to achieve with his credit, debit card code of conduct. Timothy Geithner in the hot seat. And, Donald Trump's new vitamin venture
Full Comment (Free subscription) | 19/11/2009
From the CBC: Finance Minister Jim Flaherty has proposed a voluntary code of conduct for credit and debit card companies that he says will "level the playing field" for consumers and small businesses. "This proposed code would promote fair business practices and ensure merchants and consumers clearly understand the costs," Flaherty said Thursday at Mrs. Tiggy Winkles, an Ottawa-area...
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