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Jim Flaherty



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3Vote!

Flaherty Warns to Respect Voluntary Code

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 [...]

3Vote!

FX085 TorFX Foreign Exchange - Canadian Dollar Update

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,...

3Vote!

Time for another swift boot to the nads, I think.

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...

3Vote!

Ottawa will stay course on stimulus: Flaherty

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.

3Vote!

The glass is half fullHeadline on a...

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.

3Vote!

Pace of rebound to determine budget moves: Jim Flaherty

Government will look at possible spending cuts only after economic recovery is entrenched, Finance Minister says

3Vote!

Jim Flaherty will meet with AbitibiBowater and the CEP

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...

3Vote!

Flaherty Unveils Credit Card and Debit Card Code of Conduct

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 [...]

3Vote!

EXCLUSIVE Advance Copy of Jim Flaherty’s Financial Update

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.

3Vote!

Jim Flaherty's yard sale

The Finance Minister buys a board game instead of selling Crown assets - and Jean-Pierre Blackburn brags about his billions

3Vote!

Flaherty holds hammer

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.

3Vote!

Short Takes: Credit and Debit Card Rules, Improving TFSAs, and 35-Year Mortgages

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...

3Vote!

Credit companies may be hit with regulations: Flaherty

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.

3Vote!

Manulife: What analysts say, U.S. foreclosure rates rising

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

3Vote!

Finance Minister Flaherty speaks at Mrs. Tiggy Winkles

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...