OTTAWA — A Conservative proposal to suspend three senators without pay and benefits is sparking a passionate debate inside the upper chamber over the powers and independence of Parliament and just how to far go in exercising them.
On a strictly political level, the idea of suspending former Tories Mike Duffy, Pamela Wallin and Patrick Brazeau for their inappropriate expense claims might seem logical.
Canadians are upset with the Senate spending scandal, and MPs in particular are looking to appease voters.
For the better part of last year, the business community fretted over what the federal government would ultimately do to clarify or modernize the way it reviews takeovers of large Canadian companies by foreign state-owned enterprises or SOEs.
The rules ultimately emerged on Dec. 7, and they came with their own share of uncertainty. For example, what, pray tell, are the famed “exceptional circumstances” that might lead Ottawa to overrule the new ban on foreign SOE control investments in the oil sands?
George Spritzer submits: Evergreen International Balanced Fund (EBI) is a closed-end balanced fund that invests in foreign- issued equities and debt securities. The fund currently has around 62% of managed assets in equities and the remainder in debt. The fund supplements its income by using an options strategy.
Dealbook's Susanne Craig has a piece today about Goldman Sachs president/COO Gary Cohn calling him the "Prince Charles of Wall Street" because sources say he's growing restless waiting for Lloyd Blankfein to move aside so he can be CEO (a.k.a. the king).
Dealbook's Susanne Craig has a fascinating piece this morning about Goldman Sachs redeeming itself since the financial crisis via charitable giving. The Goldman Sachs Foundation has helped the investment banking giant establish itself as one of the biggest corporate philanthropists, the report said.
By Gary Gordon: Throughout 2012, I chose ETF assets that offered twice the annual cash flow of what the 10-year U.S. Treasury yielded. This meant pursuing capital appreciators and/or yield producers with a 3.0%-4.0% annualized income stream.
Canada will relax rules on foreign investment for the U.S., Mexico and 12 other countries as a result of its free trade pact with the European Union.
Canada announced last week it will raise the threshold for reviewing foreign investment from EU countries to $1.5-billion from $344-million, as part of its trade agreement with the region. Canada will similarly boost the review limit for non-EU countries with which it has signed trade pacts, Prime Minister Stephen Harper said.