The future of the western industrialized economies, including Canada, depends on healthy and innovative high-tech sectors. In 2010, this realization spurred the Canadian government to commission a blue-ribbon panel charged with assessing the state of programs designed to support business and...

The use of event study methodology (“ESM”) for computing damages for secondary market misrepresentations is poorly understood by lawyers, judges, and policy makers in Canada. This paper reviews the economic foundations of ESM and discusses the various pitfalls that may arise, particularly in...

Securities-related activity has increasingly become trans-national in character in the past 10 or 20 years. The nature and causes of this internationalization are briefly reviewed. Despite this rapid internationalization, however, there is still a quot;home biasquot; in investing. The extent of...

This paper examines the regime of prospectus exemptions in Canada. The focus is on the enforcement process, and to this end the article includes an empirical examination of enforcement actions by both the securities regulators and the Investment Industry Regulatory Organization of Canada...

In this article, the author argues that securities regulators in Canada have issued many policy statements that are used as de facto law. These policy statements add substantive requirements to those contained in the Act and regulations. In many cases, they even exceed the power possessed by the...

In this article, the author notes that one of the truly extraordinary aspects of securities regulation in Canada is the extent to which the various provincial securities Acts, and regulations promulgated under the Acts, have been surpassed in importance as sources of quot;lawquot; by various...