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Quebec commission signs agreement with Germany

The Commission des valeurs mobilières du Québec has signed a Memorandum of Understanding with German securities regulators to ensure co-operation and information-sharing.
The MOU with the Bundesanstalt für inanzdienstleistungsaufsicht, the authority responsible for ensuring the proper functioning of the securities market in Germany, will allow the regulators to cooperate and share information to ensure: market supervision [...]

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October 29th, 2003 | admin | 0 comments | Continued
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National Life, Norshield launch Global Trading Fund

National Life and hedge fund manager Norshield Financial Group are launching the National Life Global Trading Fund, a new segregated fund offered through National Life’s Alternative Investment Strategies.
The fund anticipates changes in global economies and makes investment decisions to take advantage of emerging trends.
The introduction of fund also signals the continued growth of the partnership [...]

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October 29th, 2003 | admin | 0 comments | Continued
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HSBC Canada appoints new CEO

Martin Glynn is stepping down as president and CEO of HSBC Bank Canada next month to head up bank’s U.S. operations in New York.
He will be replaced by Lindsay Gordon, currently chief operating officer of the Canadian division.
Glynn has held the top post at HSBC Canada since 1999, and last spring was named COO of [...]

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October 29th, 2003 | admin | 1 comment | Continued
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Debt Market Activity Grows in Q2 2003

TORONTO, Sept. 25 /CNW/ - The Investment Dealers Association of Canada issued today its report Review of Debt New Issues and Trading, Q2 2003 in Review, formerly called Trends in Secondary Debt Trading. The IDA report shows a measurable pickup in activity from the same quarter last year, reflecting increased corporate issuance and more active [...]

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October 29th, 2003 | admin | 0 comments | Continued
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OSC approves amendments to CNQ policies

OSC APPROVAL OF AMENDMENTS TO CNQ ISSUER POLICIES — OUT OF PROVINCE REPORTING ISSUERS
On September 9, 2003, the Ontario Securities Commission approved amendments to the CNQ Issuer Policies that would make companies that are reporting issuers in good standing in British Columbia, Alberta or Quebec eligible to be CNQ Issuers without having to become reporting [...]

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October 29th, 2003 | admin | 0 comments | Continued
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Royal Bank accepts resignation of PwC as auditor

Royal Bank of Canada says PricewaterhouseCoopers LLP (PwC), one of its two auditing firms for the current fiscal year ending Oct. 31, 2003, has resigned as auditor because it undertook a non-audit service that may not have been permitted under the recently revised U.S. auditor independence rules.
Deloitte & Touche LLP, the bank’s other auditing firm, [...]

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October 29th, 2003 | admin | 0 comments | Continued
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IDA calls for tax policies that promote capital formation and economic growth

TORONTO, Sept. 23 /CNW/ - The Investment Dealers Association of Canada (IDA) today released its federal 2004 Pre-Budget Submission Opportunities for Growth.
Speaking before the House of Commons Standing Committee on Finance, IDA President and CEO Joe Oliver called on the government to “continue its vigilance on spending reduction and, within the context of fiscal balance, [...]

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October 29th, 2003 | admin | 0 comments | Continued
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CNQ Files to Become a Stock Exchange

TORONTO, Ontario, September 11, 2003 – The Canadian Trading and Quotation System Inc. (CNQ), Canada’s new stock market for emerging companies, recently announced it has made application to the Ontario Securities Commission (OSC) to be recognized as a stock exchange. Currently CNQ is recognized as a Quotation and Trade Reporting System or QTRS.
While CNQ’s market [...]

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October 29th, 2003 | admin | 0 comments | Continued
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Foreigners trim holdings of Canadian securities

Foreign investors dumped Canadian bonds in July, helping to kill some of the dollar’s momentum.
Foreign investors reduced their holdings of Canadian securities by $2.6 billion in July, according to Statistics Canada. This was the second such reduction in 2003.
Foreign investors dumped $4 billion in bonds, led by a $6.5 billion selloff of government bonds. They [...]

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October 29th, 2003 | admin | 0 comments | Continued
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OSC continues cease trade order against FEDI respondents

The Ontario Securities Commission has continued a temporary order in the matter of an investment scheme known as the Flat Electronic Data Interchange.
The temporary order prohibits the respondents from trading in the subject securities and from providing certain documents to members of the public. The temporary order originally was made on June 5, 2003.
In June [...]

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October 29th, 2003 | admin | 0 comments | Continued
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