Media Advisory - Investment Industry Association President to comment on federal budget

    TORONTO, Feb. 22 /CNW/ - The Investment Industry Association of Canada
will issue a news release and make available Ian Russell, President and CEO,
IIAC to provide industry commentary in response to the February 26 federal
    In recent consultations with the federal government, the IIAC recommended
several key initiatives to encourage more risk-taking and productive
investment in the Canadian economy.

      -  Increase investment capital to expand growth opportunities, in
         particular, for small- and medium-sized firms, by lowering taxes on
         capital gains on investment in these companies consistent with the
         Conservative platform promise.

      -  Encourage research and development spending by extending the
         Scientific Research and Experimental Development (SR&ED) tax credit
         program for small and medium-sized businesses.

      -  Improve the efficiency and competitiveness of Canadian capital
         markets through encouraging more principles-based regulation,
         streamlined rules and moving towards a common construct for
         securities regulation that would lead to greater regulatory
         efficiencies, a national perspective and accountability for capital
         markets, and more vigorous and effective securities enforcement that
         may result in a lower cost of capital for issuers and higher
         investor returns.

    Ian Russell will be available on budget day in Ottawa and by phone to
respond to questions.

    To arrange an interview contact:

    Caroline Spivak                    or   Martin Sampson
    416-645-8185, 416-371-9740 (cell)       613-884-2090

    The Investment Industry Association of Canada (IIAC), formerly the
industry association arm of the Investment Dealers Association of Canada
(IDA), advances the position of the Canadian investment industry on regulatory
and public policy issues. As the professional association for the industry,
the Investment Industry Association has a mandate to promote efficient, fair
and competitive capital markets for Canada while helping its member firms
across the country succeed in the industry.

For further information:

For further information: Katie O'Dell, (416) 687-5478, (416) 578-3082

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Investment Industry Association of Canada (IIAC)

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