The Supreme Court Opens Door to New Model of Securities Regulation

By Anita Anand Originally published on the C.D. Howe Institute. In a decision last week, the Supreme Court of Canada held that the proposed Cooperative Capital Markets Regulator (CCMR) does not impede provincial legislatures’ ability to enact securities regulation. In addition, the court held that the federal government has the constitutional authority to regulate in …

Continue reading The Supreme Court Opens Door to New Model of Securities Regulation

What’s Wrong with Aritzia’s IPO?

By Anita Anand and Tegan Valentine Late on September 26, 2016, popular Canadian women’s fashion retailer Aritzia filed the final prospectus for its IPO. The retailer’s C$400 million transaction is generating buzz as the year’s largest Canadian IPO. But it also creates a dual class share structure, which has given rise to a broader debate about …

Continue reading What’s Wrong with Aritzia’s IPO?