Regulations Relating to Financial Advisors and Planners to be Reviewed
The Ontario Ministry of Finance, further to its announcement in the 2014 Economic Outlook and Fiscal Review, is launching a review of regulations pertaining to financial advisors and planners. The Ontario government wants to help investors and consumers make informed investment and financial choices and to enhance the oversight in this important sector. The financial sector is second only to the manufacturing sector in Ontario in terms of output. Currently, anyone in the province can call themselves a financial planner. While more than 9,000 have voluntarily been certified as planners, there is no requirement to do so. Many industry groups, ... [more] Full article
Sun Media Assets Sold to Postmedia Following A Five-Month Review
Postmedia’s proposed acquisition of Sun Media’s English-language media assets was recently approved by the Competition Bureau. The $316-million deal was first announced in October 2014, which involved the acquisition of Sun Media’s 175 newspapers ... [more] Full article
Marriott-Delta Merger Cleared by the Competition Bureau
A major hotel chain merger has been approved by the Competition Bureau. Marriott International, a Maryland-based lodging company with over 4,100 hotels around the world, is buying Delta’s hotels and resorts ... [more] Full article
Defendant’s delay gives Ontario courts jurisdiction under forum of necessity test
In January 2010, two plaintiffs commenced an action in Ontario arising from a car accident that had occurred almost two years earlier in Michigan. More than a year after the action was commenced, the defendant moved to dismiss the action on the basis that Ontario courts lacked jurisdiction over a claim that the defendant said should instead be tried in Michigan. [more] Full article