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Canada Begins Process of Updating Federal Financial Institution Legislation

Canada - September 9 2016 The Canadian Department of Finance (the “Department”) has released a consultation document entitled “Supporting a Strong and Growing Economy:…

Jeffrey S. Graham, Stephen J. Redican.

Canadian Bank Regulator Issues Final Guidance on Operational Risk Management

Canada - August 17 2016 The Canadian Office of the Superintendent of Financial Institutions ("OSFI") has issued a final version of Guideline E-21 on Operational Risk…

Jeffrey S. Graham, Olivier Tardif, Stephen J. Redican.

A Rose by Any Other Name: SCC Rules that the Loss of a Discounted Interest Rate is Equivalent to the Imposition of a Penal Interest Rate under the Section 8 of the Interest Act

Canada - May 31 2016 ​On May 6, 2016, the Supreme Court of Canada ("SCC") released its decision in Krayzel Corporation v The Equitable Trust Company​. The case was an…

FCAC Issues New and Amended Draft Guidance Documents on the Code of Conduct for the Credit and Debit Card Industry in Canada

Canada - April 5 2016 In April of 2015, the Financial Consumer Agency of Canada (the "FCAC") released an updated Code of Conduct for the Credit and Debit Card Industry in…

Stephen J. Redican.

Supreme Court of Canada decision on the right to strike could have an impact on the education sector

Canada - March 5 2015 On January 30, 2015, the Supreme Court of Canada issued a landmark decision, holding that the right to strike is constitutionally protected. This…

Kate Dearden, Maddie Axelrod, Maryse Tremblay, Stephanie Young.