Top broker cuts executives' pay by 25%

Article Abstract:

RBC Dominion Securities Ltd. of Canada has decided to reduce salaries of its top executives by 25% which is equivalent to a maximum of $75,000 per year due to the current bear market. RBC Dominion president and chief operating officer Reay Mackay noted that this cost-reduction initiative has been long-awaited and musr be exercised as soon as possible. Around 12 people who are part of the executive committee of the investment house were included in this development because they want to be seen as examples during the cost-reduction campaign.

Comment:

Has decided to reduce salaries of its top executives by 25% which is equivalent to a maximum of $75,000 per year

Securities Dealers, Investment Banking and Securities Dealing, Management development, RBC Dominion Securities Ltd., Article

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Schwartz gets some advice: stay away from airlines

Article Abstract:

Onex Corp of Toronto, Ontario, is reportedly in talks with Canadian Airlines International Ltd for a possible investment in the airline industry. The invesment firm is also said to be considering buying Air Canada and merging it with its competitor. While Onex has an enviable record of losing money only once from its more than 60 acquisitions, the investment community thinks the firm should avoid investing in the airline industry.

Acquisitions & mergers, Open-End Investment Funds, Investment Companies, Onex Corp.

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It's not game over yet for some trusts

Article Abstract:

The implications of the decision of the Canadian federal government to tax income trusts are discussed.

Public Finance Activities, Government expenditures, Fiscal Policy, Taxes, Analysis, Taxation, Economic aspects, Economic policy, Canada. Parliament. House of Commons, Income trusts

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