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NEWS UPDATE (September 2, 2008)
2008 Law Enforcement Award of Excellence for Counterfeit Deterrence
The Bank of Canada is pleased to announce the recipients of its 2008 Law Enforcement Award of Excellence for Counterfeit Deterrence. Corporal Tim Laurence, Corporal Susan MacLean, and now-retired Staff Sergeant Ken MacDonald of the Integrated Counterfeit Enforcement Team, RCMP Toronto West, were honoured during the annual conference of the Canadian Association of Chiefs of Police in Montr?al, Quebec.
Study from Robert Half International and CareerBuilder.com reveals tale of two Job Markets
Survey Shows Both Employees and Employers Face Challenges in Tough Economy.
While many workers are having a tough time finding suitable employment in today?s uncertain economy, companies also face challenges finding highly skilled people. According to the fourth annual Employment Dynamics and GrowthExpectations (EDGE) Report by Robert Half International and CareerBuilder.com, employees rated the level of challenge in finding a job at 3.56 on a one-to-five sliding scale; similarly, employers rated the level of challenge in finding qualified candidates at 3.47.
Government of Canada Moves to Implement Outstanding Tax Measures
The Honourable Jim Flaherty, Minister of Finance, released draft legislative proposals to implement the remaining tax measures from Budget 2008 along with several previously announced tax initiatives for consultation. "Our government is not only reducing the tax burden on all Canadians, many of the measures contained in this second Budget Implementation Bill will modernize our tax system and make it more efficient," said Minister Flaherty.
Canada Supports U.S. Technical Explanation of the Fifth Protocol to the Income Tax Convention
The Honourable Jim Flaherty, Minister of Finance, indicated Canadian agreement with the United States Treasury Department?s Technical Explanation to the Fifth Protocol to the Canada-United States Tax Convention. Canada ratified the Protocol on December 14, 2007, when Bill S-2 received Royal Assent.
Government of Canada Eases Tax Compliance Burden for Internationally-Engaged Canadian Businesses The Honourable Jim Flaherty, Minister of Finance, proposed changes to the Income Tax Act for Canadian businesses with foreign affiliates and those that report earnings in a foreign currency.
Bank of Canada releases Monetary Policy Report Update
The Bank of Canada released its July Monetary Policy Report Update. In it, the Bank described three major developments affecting the Canadian economy: protracted weakness in the U.S. economy, ongoing turbulence in global financial markets, and sharp increases in the prices of certain commodities, particularly energy.
2008 Ontario Savings Bonds higher rates
Bonds More Competitive ? Same Flexible Purchase Options The Ontario government announced higher interest rates for the 2008 issue of Ontario Savings Bonds (OSBs) to keep pace with a changing investment market.
Private equity outshines public companies despite credit crunch
Ernst & Young study highlights long-term strengths of private equity model Private equity-owned businesses around the world excelled in 2007 and beat public company benchmarks for the third consecutive year, Ernst & Young said in a new study.
Global Talent Shortage continues in Accounting and Finance
Report Finds Hiring and Retaining Skilled Professionals Still Challenging A shortage of experienced accounting and finance professionals continues to affect employers around the world, according to the second annual Robert Half Global Financial Employment Monitor. For the second consecutive year, more than half (56 percent) of the finance and human resources managers surveyed worldwide reported difficulty finding skilled job candidates.
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