OTTAWA – The Supreme Court of Canada says the Constitution allows Ottawa and the provinces to set up a national securities regulator.
In addition, the high court finds federal draft legislation for countrywide oversight of stocks, bonds and other investments falls within Parliament’s powers over trade and commerce.
The unanimous ruling could help advance plans for a national regulator of capital markets, an idea under discussion since at least the 1930s.
British Columbia, Saskatchewan, Ontario, New Brunswick, Prince Edward Island, Yukon and the federal government have signed a memorandum of agreement to create a new model.
The plan includes a common regulator, a council of ministers to play a supervisory role, a model law that provinces and territories could pass, and federal legislation to manage systemic risk, allow for data collection and address criminal matters.
The Quebec Court of Appeal said last year that the overall plan was unconstitutional, prompting Ottawa to head to the Supreme Court.
-
![]()
Supreme Court of Canada rules in favour of Hydro-Québec over Churchill Falls energy deal -
![]()
Feds don’t have to consult with Indigenous peoples when making new laws: Supreme Court of Canada -
![]()
SCOC rules feds do not have to consult First Nations when making laws -
![]()
Supreme Court ruling to have implications for ‘all 10 provinces’: lawyer -
![]()
Canada’s ‘free the beer’ case loses in Supreme Court
- ‘Shock and disbelief’ after Manitoba school trustee’s Indigenous comments
- Invasive strep: ‘Don’t wait’ to seek care, N.S. woman warns on long road to recovery
- Norad looking to NATO to help detect threats over the Arctic, chief says
- ‘Super lice’ are becoming more resistant to chemical shampoos. What to use instead
Comments