Archive for November 6th, 2008
Fording tax avoidance deal poses questions
6 November 2008The $13 billion “Fording trade” settled the other day, which was one of the rare positive events for Bay Street dealers over the past few months. Positive, that is, if you are in the fee business. Not so for the Canadian taxpayer.
Canada’s banking system had the Teck (TCK.B:TSX) acquisition of Fording Canadian Coal [...]