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A tote board displays the closing figure for the TSX for the year in Toronto, Monday, Dec.31, 2012. Veritas Investment Research Corp. is one of the few research-only firms in the country, and lives or dies by selling research to paying clients. There is no need for its analysts to toady to companies for investment banking reasons, because Veritas has no underwriting department.
A tote board displays the closing figure for the TSX for the year in Toronto, Monday, Dec.31, 2012. Veritas Investment Research Corp. is one of the few research-only firms in the country, and lives or dies by selling research to paying clients. There is no need for its analysts to toady to companies for investment banking reasons, because Veritas has no underwriting department.
(Frank Gunn/THE CANADIAN PRESS)

Canada to match U.S. in rules to halt trading

Canada’s stock market regulator will not introduce new national rules that shut down trading during times of unusual stock market swings, instead deciding to align with U.S. guidelines.

The Investment Industry Regulatory Organization of Canada said Thursday that Canada’s market-wide trading halts – called circuit breakers for their ability to stop volatile markets for a specified period of time – should be harmonized with new U.S. guidelines. The percentage market decline that triggers a halt is also being lowered so that it’s easier to trip the system.