Tuesday, September 30th15.6°C
23366
23502

With Saskatchewan, N.B. on board, Ottawa says national regulator soon a reality

OTTAWA - Ottawa says it now has four provinces ready to sign on to create a national securities regulator, with the new office overseeing financial markets expected to be operational by the fall of 2015.

Representatives of Saskatchewan and New Brunswick say they are joining Ontario and British Columbia in an agreement for the formation of a national body to jointly police securities and capital markets.

The four provinces represent about 55 per cent of the value of capital markets, officials say.

That still leaves six provinces out of the scheme — with Alberta and Quebec the key hold-outs — but officials say they continue to make attempts to bring others into the national body.

The government says it plans to issue initial draft regulations for public comment on the co-operative legislation involving the four provinces by Dec. 19.

By the end of next June, the plan is to have the four provinces enact legislation affirming the deal and for the joint Capital Markets Regulator to be operational by the fall of 2015.

The Canadian Press


Read more Business News

23486


Recent Trending




Today's Market
S&P TSX14960.51-16.41
S&P CDNX909.29-3.47
DJIA17042.90-28.32
Nasdaq4493.39-12.462
S&P 5001972.29-5.51
CDN Dollar0.8923-0.0007
Gold1208.50-3.10
Oil90.02+0.26
Lumber333.00+0.10
Natural Gas4.126+0.005

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.03
Cantex0.065-0.025
Anavex Life Sciences0.184-0.001
Metalex Ventures0.0550.00
Russel Metals34.57+0.08
Copper Mountain Mining2.42-0.10
Colorado Resources0.165+0.015
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.32-0.02

 



23557

FEATURED Property
2000282#76-2005 boucherie road
3 bedrooms 2 baths
$99,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


22755