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In his mandate letter to his new Finance Minister late last year, Prime Minister Justin Trudeau outlined more than two dozen financial priorities for his new Liberal government. Market watchers noticed the formation of a co-operative stock market regulator was not among them. It wasn't mentioned either in Finance Minister Bill Morneau's maiden budget speech last week – a sharp departure from the past three Tory budgets that trumpeted the plan.

Has the proposal been derailed?

Lexpert contributor Sandra Rubin reports at lexpert.ca/globe

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