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ARTICLE · 30 MARCH 2021

Ontario Government "Budgets" A Few Words For Capital Markets Modernization

Davies Ward Phillips & Vineberg LLP
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The Ontario government's 2021 budget was delivered on March 24, 2021. Although there was no doubt that the focus of the budget would be on the ongoing health...

CanadaFinance and Banking
Jennifer Longhurst
Jennifer Longhurst
Jordan Lavi
Jordan Lavi
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The Ontario government's 2021 budget was delivered on March 24, 2021. Although there was no doubt that the focus of the budget would be on the ongoing health concerns and economic impact of the COVID-19 pandemic, market participants wondered whether it would address the recommendations in the final report of the Capital Markets Modernization Taskforce (Taskforce) released in January 2021. The government has confirmed its intention to move forward with a handful of the Taskforce's recommendations - including some controversial ones - but we will have to wait and see which of the others will be adopted (and in what form) and which may be left on the cutting room floor.

In the 2021 budget, the government committed to implementing four of the 74 recommendations set out in the Taskforce's final report - namely,

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