Close X
Saturday, November 16, 2024
ADVT 
National

PEI joins national securities regulator plan, five provinces now on board

Darpan News Desk The Canadian Press, 09 Oct, 2014 11:29 AM

    OTTAWA - Prince Edward Island has joined Ottawa's move to create a national securities regulator, bringing the total to five provinces who have signed onto the plan.

    The federal Finance Department says the province has signed a memorandum of agreement to join the Co-operative Capital Markets Regulatory System.

    The addition of P.E.I. follows a decision in July by Saskatchewan and New Brunswick to join B.C., Ontario and the federal government in establishing a national regulator.

    Canada is the only G20 country without a national securities regulator.

    The Finance Department said the participating jurisdictions will continue to work together to encourage the remaining provinces and territories to join the system.

    Alberta and Quebec have remained staunchly opposed to a national regulator.

    Under the current system, all 13 jurisdictions in Canada regulate their own capital markets and bond and securities issuances, although all except Ontario also belong to the so-called passport system by which the approval of one commission essentially allows for registration in another province.

    MORE National ARTICLES

    Nova Scotia could miss economic opportunity with fracking ban: Finance Minister

    Nova Scotia could miss economic opportunity with fracking ban: Finance Minister
    TORONTO - Federal Finance Minister Joe Oliver says Nova Scotia could be missing out on an economic opportunity by banning high-volume hydraulic fracturing.

    Nova Scotia could miss economic opportunity with fracking ban: Finance Minister

    Former PMs, aboriginal leaders seek to ease tensions between groups

    Former PMs, aboriginal leaders seek to ease tensions between groups
    OTTAWA - A complete breakdown in the relationship between aboriginal and non-aboriginal Canadians must be repaired for the moral and economic good of the country, a high-profile panel said Thursday.

    Former PMs, aboriginal leaders seek to ease tensions between groups

    Dozens Sleep Outside Manitoba Legislature To Press For Missing Women Inquiry

    Dozens Sleep Outside Manitoba Legislature To Press For Missing Women Inquiry
    WINNIPEG - The death of a 15-year-old girl has prompted dozens of people to camp in the shadow of Manitoba's legislature for days, calling for an inquiry into missing and murdered aboriginal women.

    Dozens Sleep Outside Manitoba Legislature To Press For Missing Women Inquiry

    Ottawa Announces $10.8m To Continue Red Cross Rapid Emergency Response

    VANCOUVER - The federal government has announced $10.8 million to continue a program that allows the Canadian Red Cross to quickly distribute emergency supplies abroad.

    Ottawa Announces $10.8m To Continue Red Cross Rapid Emergency Response

    Parties Struggle For Power, Support in Unprecedented B.C. Teachers' Strike

    Parties Struggle For Power, Support in Unprecedented B.C. Teachers' Strike
    Labour experts say the B.C. teachers' strike is sailing into uncharted waters with no resolution on the horizon for the dispute that has delayed the start of the school year for the first time in provincial history.

    Parties Struggle For Power, Support in Unprecedented B.C. Teachers' Strike

    Bus carrying wedding guests swept away in Kashmir; 50 missing

    Bus carrying wedding guests swept away in Kashmir; 50 missing
    SRINAGAR, India - A bus carrying more than 50 wedding guests was swept away by a flooded stream Thursday in the Indian portion of Kashmir, and all but five of the passengers were missing, officials said.

    Bus carrying wedding guests swept away in Kashmir; 50 missing