By Mark E. McElheran of Stikeman Elliott LLP
The 2010 Canadian federal budget was delivered on March 4, 2010. The budget contains a number of interesting developments and implications for the Canadian structured finance market.
Tag Archive: budget
Stewart Hall, HSBC Canada, discusses Bank of Canada announcement
Stewart Hall of HSBC Securities Canada issued his comments on today’s Bank of Canada interest rate announcement. [See all of his comments on other economic matters in our Stewart Hall Archives.]
He concludes from the Bank of Canada announcement that, “A policy change is coming, but it is looking like evolutionary change rather than revolutionary… We continue to forecast a rate hike in September of 2010.”
Given the record levels of Canadian consumer and mortgage debt, as interest rates increase many debtors will find their own “tipping point”, where monthly minimum payments exceed monthly maximum earnings.
“Now” is always a good time to sell over-leveraged assets. Including houses…. Ancient wisdom: Greed blinds.
[See all of his comments on other economic matters in our Stewart Hall Archives.]
Shakira: I Made It Because of Bankruptcy
In a recent report from CNNWorld, Columbian-born pop singer Shakira declares that her family’s bankruptcy when she was a child motivated her to become the successful, world-famous pop star she is today.
Avoiding Bankruptcy
Individuals who are undischarged bankrupts cannot be directors of Ontario corporations. For this and other reasons, many clients wish to avoid a bankruptcy filing.
Several practitioners have contacted me to find methods of avoiding bankruptcy, so today I will provide a simple outline of your clients’ choices.
