Fewer rules for banks urged by Canadian regulatory study
A Canadian task force led by James Baillie urges limited government intervention in banking. The 66 page discussion paper argues a flexible regulatory framework suits a global, technology driven market. Critics warn against lax rules while the report notes reforms unlikely before 2002 and WTO timelines.
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Toronto
Bay Street
James Baillie
Canada
Island
Duff Conacher
Sexual success for Ontario inventor blooms in Bloomingdale's
Ontario perfumer Michel Germain of Carleton Place has created Sexual, a fragrance now headed to Bloomingdale's in the United States after seven years of development. The line is sold in 38 Bay stores and internationally in the Bahamas Bermuda Kuwait and Dubai.
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Michel Germain
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Bloomingdales
New York
Ottawa
Bloomingdale’s
Germain
Norma Fitzpatrick-Bailey
Canada
Bahamas
Bermuda
Kuwait
Dubai
Cantel sued by dealers over contract dispute in Canada
Cantel faced a $46 million lawsuit from dealers alleging unfair practices in a contract dispute. Cantel spokeswoman Carleen Carroll offered no details beyond confirmation of the suit and said she had not yet seen the filing.
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Toronto
Cantel
Carleen Carroll
Hamilton
Prac
Rogers Cantel
Canada
U.S. stocks rise as inflation shows control
The Dow climbs 52.02 points to 7763.4 in early trading while the TSE 300 gains over 21 points to 6536.6. Bond prices rise as producer prices fall for the fifth straight month, signaling easing inflation pressures.
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Washington
U.S
Markets rally as Toronto index climbs on Friday trading
The Toronto Stock Exchange 300 index rose 35.00 to 6,550.61 in moderate trade, with volume of 97 million shares as several industrials and resource names advanced. Vancouver and Montreal sections showed mixed activity while New York posted a higher close led by gains in the Dow and Nasdaq.
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Toronto
Algoma Central Corp
Ivaco Inc
Golden Star Resources
Euro- Nevada
Renaissance
Berkely Petroleum
Remington Energy
Vancouver
Vancouver Stock Exchange
Cranefield
Jot-It! Swft
Montreal
Treal Exchange
New York
NYSE
TSE
Iene
Cc Ee
Tokyo
Canola gains lead as Western Canada heat fuels grain market
Winnipeg futures closed narrowly mixed with canola rising on hot dry Prairies conditions and Japan buying Canadian canola. Traders noted firm U S soybean action and light to moderate volume while locals dominated selling across nearby months and several grain contracts showed varied changes.
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Winnipeg
Winnipeg Commodity Exchange
Canada
Japan
U.S
Prairies
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