OSC to accept 'no-contest' settlement agreements

CBC News Posted: Mar 11, 2014 3:57 PM ET Last Updated: Mar 11, 2014 5:25 PM ET The Ontario Securities Commission has decided to let some individuals and companies settle misconduct disputes with the regulator without formally having to admit to any wrongdoing.The new policy, often referred to as a no-contest settlement, is aimed at speeding up the whole enforcement process.Under the old rules, the OSC required some admission of wrongdoing before...

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Ottawa's 'dangerous' meddling biggest threat to housing: economist

Canada's hot housing market isn't in bubble territory, according to a new report which argues that it's the federal government's "dangerous" tightening of mortgage rules that poses the biggest threat to home prices.That view, from housing market economist Will Dunning, runs contrary to many readings of Canada's housing sector.Many analysts have examined the state of housing in this country and declared it overheated, overvalued, and...

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Fuel costs to trim record airline profits

Rising jet fuel prices will eat into the world's airline profits, but the industry is still on track for a record year, an airline lobby group forecast Wednesday.The International Air Transport Association, which represents 240 airlines, forecasts that the global airline industry will earn a profit of $18.7 billion in 2014. That's a record. But the figure is $1 billion lower than its previous profit estimate in December.North American...

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