Banks May Suffer from Trust Market Demise

The Toronto Star, Tara Perkins, 3 November 2006The surprise death of income trusts as Canada knows them could chop earnings at Canada's big banks by 2 to 4.5 per cent in a worst-case scenario and will materially damage growth of the mutual fund industry, analysts say."We believe the government changes to the income trust structure will have a material negative impact to the growth rate of the