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To: lorne who wrote (30080)3/15/1999 6:57:00 PM
From: John Hunt  Read Replies (1) | Respond to of 116759
 
Canadian stock markets plan drastic reorganization

<< Canada's four major stock markets said on Monday they will cooperate in a sweeping consolidation designed to prop up their sagging trading volumes.

Under the plan, large-cap stock trading will take place exclusively at the Toronto Stock Exchange, the Montreal Exchange will get out of stock trading entirely and concentrate on derivatives and the Alberta and Vancouver stock exchanges will merge and take over all small-cap trading.

The TSE's over-the-counter Canadian Dealing Network will be merged with the new Western Canadian small-cap market. TSE small caps will also move west. -- cont'd -- >>

biz.yahoo.com

Of interest to those trading their gold shares in Canada ... Implementation is about 12 months away.



To: lorne who wrote (30080)3/15/1999 11:37:00 PM
From: PaulM  Respond to of 116759
 
EU in Crisis, and Politics of Same

EU in Crisis

yahoo.com.sg

Socialists, British MP's Call for Santer's Head

yahoo.com.sg

Payback for Oscar?

At this stage, you really have to begin wondering whether the Euro will survive and, if so, what are the implications. Not so easy to go back and say "just kidding about this Euro thing, go ahead use those marks, franks...."

The death of the Euro may be a blow from which Europe will not recover. In only three months, (1) the currency has lost 6% against the dollar; (2) the finance minister of Europe's largest economy has resigned; (3) the entire EU commission has resigned; (4) the EU is on the brink of a trade war with the U.S.

Much of this is due to a virtual cold war with the dollar block, but that was to be expected. I suspect the Euro CB's will feel they have to respond NOW. If they don't, it may be their heads, as first impressions are hard to live down.