Canada

Financial News

Canadian Income Trusts Recover Lost Ground After `Halloween' Tax of 2006 Surging oil prices have helped Canadian income trusts recover all the ground they lost 18 months ago when the federal government decided to tax the high- yield securities for the first time.

TD Ameritrade Promotes Tomczyk to Chief Executive Officer, Replaces Moglia TD Ameritrade Corp., the third-largest online brokerage by client assets, named Fred Tomczyk chief executive officer.

GM, Chrysler Reach Tentative Contract Agreements With Canadian Workers General Motors Corp. and Chrysler LLC reached tentative labor agreements with the Canadian Auto Workers today, paving the way to secure contracts at all three U.S.-based automakers four months before the accords expire.

Sprott Declines in Trading Debut After C$200 Million Initial Public Offer Sprott Inc. dropped on the Toronto Stock Exchange in its trading debut following the biggest initial public offering in Canada this year, as some investors said the stock may be expensive relative to rivals.

Canada Stocks Rise With Commodities, Led by Potash, Barrick; Sprott Falls Canadian stocks rose to a record for the second time this week as Potash Corp of Saskatchewan Inc. and Barrick Gold Corp. rallied along with prices of wheat, gold and copper.

Crystallex's Gold Mine May Be Halted in Venezuela on Environmental Concern Crystallex International Corp. won't receive approval for its open-pit gold mine in Bolivar state because the project may cause deforestation, Environment Minister Yubiri Ortega said.

Canadian Bonds Gain as Industrial Output Declines in Canada and the U.S. Canada's bonds rose, pushing down the two-year yield the most in more than two weeks, after reports showed industrial output declined in Canada and the U.S.

E*Trade, TradeStation, CIBC Fined in U.S. for Failing to Report Trades E*Trade Financial Corp. and two other brokerages were fined a total of $1.6 million for failing to report information on customer transactions to U.S. regulators.

General News

Canada's Dion Proposes Taxing Polluters, Cutting Income, Savings Taxes Stephane Dion, leader of Canada's biggest opposition party, said he will tax polluters and use the money to cut levies on income and savings if he defeats Prime Minister Stephen Harper in the next election.

California Supreme Court Legalizes Gay Marriage, Striking Down State Ban The California Supreme Court narrowly ruled that gay and lesbian couples have a constitutional right to marry, striking down laws barring same-sex nuptials and making the most populous state in the union the second after Massachusetts to legalize gay weddings.

Former Wescast Chairman's Son Fails in Appeal of Order in Favor of Ex-Wife The son of former Wescast Industries Inc. Chairman Richard W. LeVan lost another court battle over a prenuptial agreement with his former spouse meant to protect his family's controlling stake in the Canadian auto-parts maker.

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