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Financial Post
Taxpayers also victims of 'hot money' behind Canada's condo bubbles - Financial Post
They say we do it all day long,” said the investor who asked to remain anonymous. Under CRA rules, foreigners making Canadian-sourced income are fully taxable by the federal and provincial governments. In Ontario or BC, the total tax bill would be 46% ...
Chesapeake pins hopes on a gas-rally bailout - Financial Post
The SEC has opened an informal inquiry into whether McClendon failed to disclose possible conflicts of interest, a person briefed on the matter said, asking not to be named because the matter isn't public. McClendon also ran a private hedge fund within ...
Bank watchdog to be mandatory for securities - Financial Post
“We're not going with that multi-platform in securities so we're going to have an issue,” said a senior regulator who asked not to be named. “It's a shame. There's no question that investors require something straightforward and predictable.
How Iran's main oil buyers stand on sanctions - Financial Post
South Korea will decide by end-June how much it can reduce its imports of Iranian crude, and the cut will be based on how much oil it can get from other suppliers, a government official said. South Korean news agency Yonhap had earlier reported that ...
Baltimore has decided some neighborhoods just aren't worth saving - Financial Post
”It's basically the same initiative just re-branded,” said the blogger, who asked to remain anonymous. When Regina Shields bought her tidy, three-story row house in central Baltimore 15 years ago, her neighborhood was quiet and full of families.
RBC said to be close to Dexia venture buyout - Financial Post
Meanwhile, sources close to the bank said RBC is highly motivated to conclude a transaction. “It's an opportunity to buy cheap in a business that's attractive long term,” said an analyst. Given the impact of Europe's debt crisis on the region's banks, ...
How Allen Stanford kept the SEC at bay - Financial Post
The SEC is also preparing a separate civil case against another former regulator, Bernerd Young, who worked as a compliance officer for Stanford's bank, said a person familiar with the matter. Before he worked for Stanford, from 1999 to 2003, ...
Greece nears deal for 70% haircut - Financial Post
A source close to the talks earlier said Athens and its foreign lenders had initially offered a coupon of just over 3.5%, but bondholders rejected that as too low. They were seeking a coupon of at least 4%, the source said. ...
IIROC accuses Barrett of exposing customers to 'immense risk' - Financial Post
Officials at Barret did not return calls by press time on Monday evening, however a woman, who identified herself as a receptionist but declined to give her name, insisted that Monday was business as usual and a customer she spoke to did not appear to ...
US online piracy bill headed for major makeover - Financial Post
Three key section of the existing legislation seem likely to remain, a person familiar with the matter says. They comprise provisions aimed at getting search engines to disable links to foreign infringing sites; provisions that cut off advertising ...
Japan wants Europe to boost bailout fund: officials - Financial Post
That's why they are frontloading the ESM and the review of the ceiling of 500 billion euro is very important,” said the official, who declined to be named. “European countries may think what they've already decided is a major step forward, ...
Rates you can take to the bank - Financial Post
"My perspective is it's good value for Canadian consumers," said one bank analyst who did not want to be identified. It's even better value for Canadian banks because their loans are guaranteed by the federal government. The rules in Canada are such ...
Facebook settles privacy complaints with US regulator - Financial Post
Facebook is considering an IPO that would raise US$10-billion and value the company at more than US$100-billion, a person familiar with the matter said. “They're obviously trying to clear the decks to take off,” Gaskins said in an interview, ...
US deficit-reduction talks intensify - Financial Post
Another source familiar with the discussions, who also asked not to be identified, told Reuters that panel members were moving forward. “They are not at a standstill,” the source said. In recent days there have been reports that the super committee so ...
EU set to ban 'naked' sovereign CDS: sources - Financial Post
BRUSSELS — The European Union will ban “naked” or uncovered credit default swaps (CDS) to curb what some policymakers see as hedge funds bets on the eurozone crisis, two EU sources said on Tuesday. The measure has been deadlocked for months because of ...
Groupon targets zero spending on new users - Financial Post
The company plans to get subscriber-acquisition spending down to zero by the end of 2013, the people said on condition of anonymity because Groupon is a private company. The company will still spend money on other types of marketing, such as ads that ...
Rocky start for Shaw's movie streaming service - Financial Post
“It is them packaging content into a whole new service without speaking to the rights holders,” said a person close to the matter at one of the effected studios. “If they want to have a continued service they are going to have to properly ensure they ...
Ally Financial delaying US$6-billion IPO - Financial Post
The sources declined to be named as the information is not public. Ally and the US Treasury declined comment. Bad mortgage loans forced the US Treasury to pour $17.2 billion into Ally during the financial crisis. It has recovered some of that money ...
Nasdaq-NYSE deal not dead as US$1.3B more looming - Financial Post
No decisions have been made, according to the people, who declined to be identified because the discussions are private. If action is taken, it is unclear whether a special dividend or another form of payment would be made before or after the deal's ...
Apple Stores sold out of iPad 2 across Canada - Financial Post
“We're hoping to get more of [the iPad 2] into the store by the end of this week,” said one retail employee at a location in Quebec who declined to be named. Several locations had depleted their supply of the 10-inch tablet, which is smaller lighter ...
Immigration probe weighs on Chipotle - Financial Post
“Although by law we are allowed to randomly pick companies or self select, by practice we prefer to go after companies where we have leads or information,” an ICE official told Reuters on the condition of anonymity. Who tipped them off to Chipotle is ...
Merged gold miners to address warrant issue - Financial Post
“It was highly liquid, it was highly volatile, [retail investors] were having fun with it,” said one analyst who did not want to be identified. ...
Competition Bureau tests new powers against Visa, Mastercard - Financial Post
“The question is whether the market is less competitive because of these practises,” explained a veteran competition lawyer who asked not to be named. ...
SEC probing 'spikey' US quote traffic in markets - Financial Post
The probe into the "spikiness of message traffic" ramped up last week and has not yet uncovered any fraud or wrong doing, three sources said. ...
FP Tech Desk: US Department of Justice considering antitrust inquiry into Apple - Financial Post
According to “people briefed on the matter,” the US DoJ is investigating whether Apple abused its position as the leading online seller of digital music to ...