| The CEO Poll: Praise for tax cuts
You'd be hard-pressed to find a CEO who wouldn't champion tax relief, and among the $60 billion in cuts proposed by the federal government, Canadian business leaders found plenty to like. In a survey conducted in early November by Compas Inc., the 158 business leaders polled were pleased with Finance Minister Jim Flaherty's economic statement delivered on Oct. 30& — or at least with parts of it. The respondents gave the mini-budget an average score of 74%, and according to Compas, it is rare for any government initiative to score higher than 70%. The heads of primarily small and medium-sized businesses lauded the $10-billion reduction to the federal debt, as well as the increase to the basic personal exemption. Reducing the small-business tax rate and slashing the federal corporate tax from 22.1% to 15% by 2012 also won points with the respondents.
Stocks slip into the red
Stocks turned lower in Friday morning trade on troubling earnings news and concerns that the Federal Reserve may not continue to cut interest rates. The Dow Jones industrial average (Charts) fell about 0.1 percent an hour into the session. The broader S&P 500 index (Charts) lost 0.3 percent, while the tech-fueled Nasdaq (Charts) slipped over 0.6 percent. Helping to send stocks lower were remarks by Federal Reserve Gov. Randall Kroszner, who hinted that the central bank may not continue to lower interest even if the economy worsens. "The current stance of monetary policy should help the economy get through the rough patch during the next year," Kroszner said in prepared remarks at a conference in New York. Also hurting stocks was troubling news from package delivery firm FedEx (Charts, Fortune 500), which cut its earnings outlook Friday, citing higher fuel costs and a strained U.S.
Derivatives: OTC derivatives hold their own
When the Deposit Trust and Clearing Corporation, a body jointly owned by a collection of Wall Street financial groups, was first established several decades ago, its mission focused on a corner of finance considered central to markets - stocks and shares. .
DJ DOKUMENTATION/Einleitende Bemerkungen von ... (zwei)
The monetary analysis confirms the prevailing upside risks to price stability at medium to longer-term horizons. The strength of both money and credit growth in recent months -with the annual growth rates of M3 and MFI loans to the private sector both at more than 11% in September -may have been influenced by a number of temporary or special factors, such as the flattening of the yield curve and the recent financial market volatility. However, even taking into account these special factors, the underlying rate of money and credit expansion remains strong. Monetary developments therefore continue to require very careful monitoring so as to detect underlying trends on the one hand and to better understand shorter-term dynamics on the other. This monitoring will provide a more complete picture of the response of the private sector to the increased volatility in financial markets.
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