Mme Bertrand c. la Fédérale

Why Quebec must oppose a national securities regulator

2016-01-26
Françoise Bertrand, Contributed to The Globe and Mail
Françoise Bertrand is president and CEO of the Fédération des chambres de commerce du Québec.

Opposition to the idea of a pan-Canadian securities commission is nothing new. As a result of the strong opposition among the provinces, former federal finance minister Jim Flaherty submitted his bill to the Supreme Court of Canada one week after its presentation in 2010. The following year, the Supreme Court ruled unanimously that the federal bill aimed at creating a pan-Canadian commission was unconstitutional in its form at the time, and that it encroached on provincial jurisdiction.

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