Trust Industry Aims to Mobilize Seniors

Winnipeg Free Press (November 04, 2006)

Author: Norris, Gary
Permanent Link: http://ca.vlex.com/vid/trust-industry-aims-mobilize-seniors-63483274
Id. vLex: VLEX-63483274

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Summary:

In fact, legislators are already getting an earful and the tone is "absolutely apopletic," Ontario Liberal MP Dan McTeague said Friday.

CARP, the Canadian Association of Retired People, has already commended Finance Minister Jim Flaherty for "a prudent approach to his new policy regarding income trusts."

George Kesteven, president of the income funds association, estimates that between 1.5 million and three million Canadians are income trust investors and have had their portfolios "ravaged" since Flaherty's announcement Tuesday.

Extract:

Trust Industry Aims to Mobilize Seniors

By Gary Norris

TORONTO -- The income trust industry is trying to mobilize seniors and other investors in a major of...



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