Regulations

Canada Shows the Way on Stock Markets

Canada has avoided the great die-off of public companies afflicting American business especially since the 2002 Sarbanes-Oxley Act, which imposed new, more restrictive accounting and financial transparency rules. But with trends reversing somewhat since 2012, much work remains to be done in Canada to promote access to investment opportunities for the middle class. This would not only further democratize wealth-building for regular Canadians, but also give start-ups even greater ability to raise funds to grow their business.

The Unintended Consequences of Municipal By-Laws

Montrealers may soon suffer the “unintended consequences” of two municipal policies likely to produce effects that are just the opposite of their stated purpose. This is in line with a dynamic that is well known to economists but often overlooked by politicians.

Consolidation in the Air Sector: Should We Be Worried?

With Air Canada seeking to acquire Air Transat, many public figures have made comments to the effect that this consolidation would lead to price increases. This argument is based on the premise that competition in a given market is determined by the size and the number of firms that are active in that market.

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