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Two recent cases, Mazzarolo v. BMO Nesbitt Burns ltée and Gale v. ScotiaMcLeod, are more examples of case law that emerged from the high tech crash.

The Committee on Foreign Investment in the United States (CFIUS) is poised to make the most substantial revisions to its review process for foreign investments...

In an unprecedented move, the Canadian Government has included as part of its 2009 Budget Implementation Act (Bill C-10) a number of important amendments to the Investment Canada Act.

The Compliance team of the Ontario Securities Commission (the OSC) recently published its deficiency report, OSC Staff Notice 11-758, on the results of its year-long compliance review of limited market dealers (LMDs).

The Office of the Superintendent of Financial Institutions (Canada) ("OSFI") has published a ruling that BLG obtained for one of its foreign bank clients that confirms that a Canadian entity that provides back office services to a foreign portfolio manager does not carry on a financial services business within the foreign bank regulation context (the "Ruling").

The Joint Forum of Financial Market Regulators (an umbrella group comprising the provincial and territorial securities, insurance and pension regulators) recently released Proposed Framework 81-406 - Point of Sale Disclosure for Mutual Funds and Segregated Funds.

Judge throws out reimbursement bid over losses

​On October 10, 2019, the Investment Industry Regulatory Organization of Canada (IIROC) released Notice 19-0177 which outlined that certain limitation ...

The Québec National Assembly recently proclaimed the “Derivatives Act” (Québec) (the Act) in force as of February 1, 2009, subject to certain exceptions (discussed below).

On September 18, 2008 the US Securities and Exchange Commission (SEC) issued an order pursuant to the Securities and Exchange Act of 1934 (the SEC Order) that “all persons are prohibited from short selling any publicly traded securities” of certain financial sector firms.

In response to a perceived increase in the use of offshore investment structures to avoid Canadian income tax, the Department of Finance first introduced complex tax legislation that governs the treatment of direct or indirect investments in certain foreign entities by Canadian taxpayers (the FIE Rules) in 2001.

On December 15, 2016, the Government of Alberta ("Government") released guidelines providing details of the AITC program created under the Investing in a Diversified Alberta Economy Act (the "Act").

The Quebec Court of Appeal has decided that the proposed privatization of BCE Inc. is not fair and reasonable to Bell Canada bondholders. The Court’s decision has potential implications for the process company directors must follow in making decisions about significant corporate transactions.

Staff of the Compliance team at the Ontario Securities Commission (OSC) recently published OSC Staff Notice 33-729 Marketing Practices of Investment Counsel/Portfolio Managers.

The federal government has announced a plan to review the Investment Canada Act.

The Canadian Securities Administrators have published for comment significant proposed changes to their rules and policies governing the pre‐marketing and marketing of prospectus offerings, other than mutual fund offerings.

Last week's announcement by the federal Minister of Finance outlining a special tax to be imposed on income trusts caused a flurry of activity and speculation in investment managers' boardrooms across the country and dealt a blow to the Toronto Stock Exchange. The newly announced tax will apply to a trust or partnership that is a "specified investment flow-through".

To boost Canada's commercial competitiveness in areas including produce, energy, high-value services and products, the country's government is working on the Transformational Infrastructure Plan.