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ARTICLE · 18 NOVEMBER 2019

Ontario's 2019 Fall Economic Statement : Continuing The Modernization Of Financial Services

McCarthy Tétrault
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On November 6, 2019, the Ontario government issued its 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build Ontario Together, continuing its efforts to modernize Ontario's financial services sector.

CanadaFinance and Banking
Lucie Tedesco
Lucie Tedesco
Nancy J Carroll
Nancy J Carroll
Cristian Blidariu
Cristian Blidariu
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On November 6, 2019, the Ontario government issued its 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build Ontario Together, continuing its efforts to modernize Ontario's financial services sector. The measures proposed promise a regulatory landscape for financial services and pensions that is transformative – including delivering regulatory services more effectively, reducing regulatory burden, fostering a strong and competitive financial services sector and ensuring high standards of business conduct. To support its commitments, the government announced several reforms which are summarized below.

Putting Drivers First Blueprint

In an attempt to foster more competition in the auto insurance market, reduce sector fraud and bring down the cost of premiums for consumers and businesses, the government plans to:

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