KeatsConnelly Cross-Border Weekly Best of the Web 2014-7-11

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week we’re highlighting an article focusing on issues for the Bank of Canada as the loonie continues to strengthen, a view on the current push for a national securities regulator in Canada, U.S. tax issues for American expats, and a ranking of world teen financial literacy.

Poloz faces dilemma as loonie strengthens (http://www.theglobeandmail.com/) – Rising oil prices, stronger than expected inflation and U.S. economic stumbles in the first half of the year have combined to take the lure out of shorting the Canadian dollar. The reversal in sentiment is also causing new headaches for Bank of Canada Governor Stephen Poloz, who has counted on a weaker currency to boost exports and help drive the economic recovery…

Quebec, Alberta shun national regulator (http://www.theglobeandmail.com/) – Quebec and Alberta have dismissed the federal government’s push to create a national securities regulator, despite what Finance Minister Joe Oliver called a “landmark day” that saw two more provinces join the fold. Saskatchewan and New Brunswick signed on to an agreement-in-principle on the Co-operative Capital Markets Regulatory System at a Parliament Hill news conference Wednesday, joining Ontario and British Columbia in supporting the creation of a single watchdog to replace a province-by-province system…

American Expats’ Tax Nightmare (http://www.wsj.com/) – [Subscription Required] U.S. Treasury officials are trumpeting the fact that more than 77,000 financial institutions have registered with the Internal Revenue Service, as required by the Foreign Account Tax Compliance Act (Fatca), ahead of a July 1 deadline. Fatca requires these institutions to report on the financial holdings of their U.S. clients with the aim of reducing the incidence of off-shore tax evasion by wealthy Americans. Yet officials are less willing to discuss how Fatca worsens the already profoundly unjust tax treatment of millions of…

In financial literacy, U.S. teens score below Latvia (http://www.usatoday.com/) – The United States is in the middle of the pack for financial literacy among 15-year-old students, according to a recent international study released Wednesday. Shanghai, China’s financial hub, was the leader in financial literacy, according to the report from the Organization for Economic Co-operation and Development (OECD), which surveyed 29,000 students in 18 countries and economies. The Flemish Community of Belgium wasn’t far behind Shanghai, and Estonia rounded out the top three. The United States fell in at No. 9 with an average score of 492 — eight points behind the overall average…

Come back next week for more interesting news and articles. Enjoy your weekend!

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