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In August 2020 an unprecedented black swan event occurred when Citibank N.A. (Citibank), acting as an administrative agent in a loan facility, accidentally wired out almost US$900 million and paid off the borrower's loan...

On August 25, 2015, the participating jurisdictions of the proposed Cooperative Capital Markets Regulatory System (the "Cooperative System") made further advances towards the establishment of a harmonized regulatory framework for the Canadian capital markets.

The following is a summary of a judgment concerning the Bank's right to be reimbursed for legal fees it incurred to sue and obtain a judgment against a surety.

Student debt. Chances are you've heard of it. The average law student in Canada graduates with nearly $72,000 in student loans. In Ontario, the number's even higher at $83,000.

In the recently published Client Relationship Model proposal (the "Proposal"), the Investment Industry Regulatory Organization of Canada ("IIROC") examined the relationship between Dealer Members and their clients, and proposed requirements to reinforce the broader obligation for Dealer Members to deal fairly, honestly and in good faith with their clients.

On July 20, 2017, the Mutual Fund Dealers Association announced the regulatory approval and coming into effect of its new Policy No. 8 – Proficiency Standard for Approved Persons Selling Exchange Traded Funds.

The Toronto Stock Exchange published for comment proposed amendments (the Amendments) to its Company Manual which, once adopted, will impose requirements on TSX listed issuers which aim to improve corporate governance standards relating to the election of directors.

On January 22, 2026, the Canadian Securities Administrators (the "CSA") published a notice (the "Notice") adopting certain amendments to National Instrument 81‑101 – Mutual Fund Prospectus Disclosure...

Sections 80 to 80.04 of the Income Tax Act contain the rules governing the tax consequences of debt forgiveness.

On February 19, 2015, the CSA announced the adoption of certain amendments to National Instrument 45 106 - Prospectus and Registration Exemptions that affect the following private placement or prospectus exemptions.

The Ontario Capital Markets Tribunal (Tribunal) recently dismissed enforcement proceedings brought against several respondents by the Ontario Securities Commission (Commission) in Cormark Securities Inc (Re).

Nominee directors are a central feature of the private equity, venture capital and hedge fund landscapes: where an investor acquires a significant percentage of a company, it typically seeks...

The Ontario government has proclaimed into force on December 31, 2005 the new Securities Act (Ontario) regime that gives securityholders who buy or sell securities on a stock exchange or other secondary markets a limited, statutory right to sue the company and its directors, management, controlling shareholders and others if the company’s continuous disclosure is improper.

The TSX has adopted, and the Ontario Securities Commission has approved, amendments to the TSX Company Manual aimed at improving corporate governance standards and disclosure for all TSX listed issuers.

Canadian cannabis policy announcements over the past year have spurred investment in licensed cannabis producers and dealers ("Licensed Producers"), resulting in one of Canada's newest growth industries.

Canadian officials have been promoting embedded contingent capital as the best alternative for dealing with systemically important financial institutions ("SIFIs"), or banks that are "Too Big to Fail," as they have historically been referred to.

In 2025, securities regulators in Canada and the U.S. shifted capital markets enforcement priorities.