Dodge signals rates on hold

Article Abstract:

David Dodge, the Bank of Canada Governor, said that it will not make further reductions in interest rates. Mr. Dodge, who was speaking at a metting of the Vancouver Board of Trade, said that the currect level of interest rates is acceptable in spurring economic growth.

Interest Rates, Executive changes & profiles, Labor Distribution by Employer, Officials and employees, Statistics, Dodge, David

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Flaherty's indecision on tax rule sidelines acquisitions

Article Abstract:

The delay in the announcement of the Canadian government's policy on the taxation of interest on financing for foreign acquisitions by Canadian companies is described. The effect of this delay by Jim Flaherty on the expansion of Canadian companies is discussed.

Taxes, Taxation, Acquisitions and mergers, Tax policy, Cabinet officers, Cabinet officials, Flaherty, Jim

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Central bank left with $23-billion in cash

Article Abstract:

Bank of Canada has reported that it has $23 billion in cash stored in its various vaults due to concerns that clients would withdraw large sums of money at the end of the year. The Canadian Bankers' Association that Y2K fears were largely unfounded.

Federal Reserve Banks, Monetary Authorities - Central Bank, Evaluation, Canadian Bankers' Association

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