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The two big barriers to a national securities regulator Add to ...

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If, as Canada’s Finance Minister Joe Oliver says, the addition of Saskatchewan and New Brunswick to the Co-operative Capital Markets Regulatory System is a “major step” toward the federal Conservative government’s dream of a national securities regulator, then clearly “major” has become a relative term on this file. While Ottawa has added two tiny provinces (in financial market terms) to the agreement-in-principle, the four biggest players remain stubbornly reluctant to co-operate – including two who have already signed on to the plan.

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