Statistics Canada released market-sensitive data early for 6 years

Beginning of Story Content Statistics Canada released economic data nearly a minute early to 10 firms over six years — giving some investors the ability to move markets before the information went public. Industry Minister Christian Paradis Thursday said the review by management firm KPMG found <a href="http://www.wingsnhljersey.com/products/NHL-Jerseys-16/Boston-Bruins-382/"><strong>Cheap Boston Bruins Jersey</strong></a> the federal agency sent information to its licensed distributors via an automated process that, unknown to management, was programmed to run up to 59 seconds ahead of the public release. Some distributors provided the data to investors, and it had the potential to move markets seconds before it was posted on the agency website or released to the public in news releases. Statistics Canada stopped the practice in November after it was alerted to the programming issue in order to give all users access to the information at the same time. The <a href="http://www.jerseys2011.com/products/NFL-Jerseys-19/Dallas-Cowboys-560/"><strong>Cheap Cowboys Jerseys 2011</strong></a> agency's 10 paying distributors are Bloomberg, the Conference Board of Canada, EcoWin AB, Emerging Markets Economic Data Ltd., FactSet Research Systems Inc., Global Insight (Canada) Inc., Haver Analytics, Moody's Economy.Com, Nomura Research Institute Ltd. and Thomson Financial Investment Management Group. Originally, distributors were allowed early access to give them time to process the data for official release, but technology has improved since then, making <a href="http://www.newyorkjetsnfljersey.com/products/NFL-Jerseys-18/Green-Bay-Packers-427/"><strong>Cheap Packers Jerseys 2011</strong></a> early release unnecessary. Paradis said Statistics Canada has overhauled its processes to avoid having similar mistakes happen again. Stronger security promised "Statistics Canada has put into place policy and business unit processes to prevent similar incidents," Paradis said in a release. "As well, the agency has committed to strengthening the governance of, management of, and security arrangements around the dissemination of information. "I expect that Statistics Canada will take all necessary remedies to ensure the integrity and security of our national statistical system. "And I anticipate that it will continue to provide, in a fair and transparent manner, the high-quality data that Canadians have come to expect." Provincial statistics <a href="http://forum.dotian.com/newthread.php?do=newthread&f=29"><strong>2gsn timberland uk » Blog Archive » cheap glasses online ...</strong></a> units also receive the data. With files from The Canadian Press End of Story Content Back to accessibility links