« TFSAs present several strategies | Main | Automakers seek their inner tree-hugger »

January 09, 2022

One country, one stock market

By Deirdre McMurdy, Sympatico / MSN Finance

The big news in financial markets - and political circles - next week is going to be the release of a report by an expert panel on the creation of a single securities regulator for Canada.

The acceptance of this panel report by the provinces, which currently regulate 13 individual markets across the country, is an important event for Canadian investors for several reasons.

First and foremost, it will ensure uniform standards and more coherent enforcement with all market players under one set of rules. That alone should boost investor confidence in markets as they begin - and they will - to recover some of their lost ground.

Given that markets always over discount bad news and reflect our collective expectations of the future, as bits of good news start to surface there will inevitably be some forward thrust. And now is the time to put new rules in place to enhance conditions that attract capital not just from Canadians but from foreign investors - many of whom view this country as among those with the healthiest economies and banking systems in the world.

The expert panel - which is headed by Tom Hockin, a former Cabinet minister and financial industry executive - has the full backing of the federal finance department - which has placed a priority on moving this file forward. And the ultimate question posed by everyone involved is: if not now, when?

After all, it hard to imagine a time when the need for rules , disclosure and transparency has ever been more compelling.



Post a comment


Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo),,, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...