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Found 4 results

  1. (Courtesy of The Montreal Gazette) I guess that is a step in the right direction
  2. Quebec vows to fight national securities plan RHEAL SEGUIN Globe and Mail Update September 18, 2008 at 4:11 PM EDT For the second consecutive day, the Quebec government waded into the federal election campaign against Conservative policies, lashing-out today at the Harper government's proposal to create a national securities commission. Quebec Finance Minister Monique Jérôme-Forget warned that in the event of a majority Conservative government in Ottawa bent on creating a national securities commission, all provinces and territories except Ontario will fight the decision right-up to the Supreme Court of Canada. The confrontation, she predicted, would disrupt markets and create havoc for investors. “The protection of investors is a provincial jurisdiction,” she said. “I suspect they (a Harper government) are going to come-up with legislation. They are going to implement such a securities commission. We are going to appeal. We're going to go as high as the Supreme Court. There's going to be disruption in the market.” The Minister added that Canada's financial leaders underestimate the impact if Ottawa moves to unilaterally impose changes without provincial consent. Ontario remained the only province to support the federal initiative. All the others propose to harmonize regulations through what they call a “passport” system, where companies can file a prospectus for approval in one province or territory and have it automatically accepted by all the others. There are currently 13 provincial and territorial securities commission. She predicts that a national securities commission will only create another layer of bureaucracy by adding a 14th commission, creating confusion for investors. “People won't know where to go. The market will want to know who's in charge. There will be a court challenge right up to the Supreme Court because the provinces argue is their jurisdiction,” Ms. Jérôme-Forget said. “Quebec isn't alone. You have British Columbia, Alberta, Manitoba, the Atlantic provinces. They are all on side.” Improvements to the current system are needed, she added, such as finding ways to accommodate restrictions imposed by the Charter of Rights and Freedoms. In the past, that has created obstacles for prosecutors who want to use confidential information held by regulator bodies in pursuing criminal cases such as fraud. “We don't want to change the Charter but we have to find ways to share the information,” she said. Backed by two international studies, the Minister argued that Canada's current securities regulations are among the best in the world and that there was no need to change the system. The comments came at the conclusion of a federal-provincial meeting of ministers responsible for their respective securities commissions. Her charge against the Harper government's intrusion in a provincial jurisdiction comes on the heels of severe criticism by Quebec this week against other Conservative policies. On Wednesday, Cultural and Communications Minister Christine St-Pierre scoffed at federal Heritage Minister Josée Verner's suggestion that if Quebec wanted more funding for culture it should use its own money. “We've increased budgets (for culture) by 25 per cent. We're already doing our share,” Ms. St-Pierre said in referring to the $45-million in federal cutback in programs including those aimed at promoting Canadian and Quebec culture abroad. The cutbacks sparked widespread criticism from Quebec's cultural community including world renowned theatre artist Robert Lepage, who said the Harper government was discouraging home grown artists from seeking prominence abroad by locking them into a “cultural prison.” Ms. Jérôme-Forget also challenged the Conservative party's claim that it has fixed the fiscal imbalance between Ottawa and the provinces, especially after signing a multi-billion agreement for infrastructure projects. “Obviously for me it's not enough. Post-education (money) for all provinces has not been settled. ” Ms Jérôme-Forget said. “There was a great move done by Mr. Harper….but for post secondary education there is still room to manoeuvre.” Despite mounting tensions over a growing number of issues, the Quebec government stopped short of calling Mr. Harper's vision of open federalism a failure. “The objective of federalism isn't to say: ‘If I don't get everything, I'll slam the door.' You have to build alliances and on occasion force your position and try to influence others. It's normal to have differences,” she said.
  3. Proving that not all chair-throwing, plate-breaking, glass-smashing restaurant brawls occur in the United States, a wild New Year’s Eve melee at a Canadian eatery was filmed--and, of course, uploaded to YouTube--by a Montreal patron. It is unclear what prompted the wild fight filmed by Shawn Turnbull, who titled his above video “Chinese vs Blacks.” The ruckus, which occurred at New Dynasty, a Chinese restaurant in downtown Montreal, apparently resulted in significant damage to the business. A Montreal Police Service spokesperson told TSG she was unaware of the video, but would seek to determine whether cops were called to the scene of the melee. In an e-mail, Turnbull told TSG that Montreal cops and paramedics arrived after the fight and “two black guys were getting their wounds treated while Police were kind of asking around. I dont think arrests were made that night because the Asians fled the scene before police arrived.” http://www.thesmokinggun.com/buster/viral-video/montreal-restaurant-brawl-756092