Canada's capital markets are on a collision course with the US
It's odd that Canada and the US enjoy free trade in goods but not in the trade of stock. Yet as the combined El Nino of communications and information technology blows through existing regulation, that barrier too will soon disappear. North American capital markets swirl at the cusp of convergence; and issuers, investors, intermediaries and regulators are bracing for impact and wondering how to survive the new world order.
For Gerald Lacoste, president and CEO of the Montreal Exchange, the
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