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(Chad Anderson/Chad Anderson/iStockphoto)

Europe, like Canada, divided over single regulator

You may not think Canada’s financial system has much in common with Europe’s. Ours is strong, Europe’s isn’t. Ours didn’t need bailouts, Europe’s did.

But there’s a big issue in which we share some common ground: the push for a single regulator.

Here in Canada, the battle has been fought for decades. Some provinces, like Ontario, think a single governing body is necessary, while others, like Quebec, would rather go it alone.