Category:

Canada Lifts Retaliatory Surtaxes on Steel, Aluminum and Other Goods

May 22, 2019

On May 17, 2019, the Canadian and United States governments released a joint statement on Section 232 duties on steel and aluminum to announce they had reached an agreement to eliminate tariffs and countermeasures imposed on imports of steel and aluminum between the two countries, effective May 19, 2019. This announcement ends one of the countries’ most contentious trade issues…

Overtime for Employees Paid on an Annual Basis: Quebec’s Superior Court Denies Class Action Authorization

May 21, 2019

In its recent decision in Godin c. Aréna des Canadiens inc. (Decision), the Québec Superior Court (Court) refused to authorize an employment class action against Aréna des Canadiens inc. and Aréna du Rocket inc. (Arenas). The plaintiffs claimed that salaried employees were entitled under Quebec law to overtime pay if they worked more than 40 hours in one week. In…

CSA Propose Rules to Streamline “At-The-Market” Equity Offering Process for Canadian Issuers

May 13, 2019

On May 9, 2019, the Canadian Securities Administrators (CSA) published for comment proposed amendments (Proposed Amendments) to National Instrument 44-102 Shelf Distributions and its companion policy (Shelf Rules) that would permit “at-the-market” distributions of equity securities (ATM Distributions) in Canada to proceed without the need for an exemptive relief order from Canadian securities regulators. Comments on the Proposed Amendments are…

Changes to Monthly Sanctions Reporting Requirement

May 13, 2019

Recently, the federal government published amendments to the regulations made under the United Nations Act (UN Act) and the Special Economic Measures Act (SEMA), Canada’s key sanctions legislation. Among other changes, the amendments modify the monthly sanctions reporting obligation for Canadian-regulated financial institutions and securities dealers. On May 10, 2019, the Office of the Superintendent of Financial Institutions (OSFI) issued…

A Primer on Canadian Sanctions Legislation

May 13, 2019

Canada, like other major jurisdictions, has a broad range of economic and financial sanctions targeting foreign states and their nationals, as well as various terrorist organizations. Given that Canada is in many ways a trading nation, and many Canadian businesses have ties elsewhere, sanctions laws have a significant impact not only on the target countries but also on Canadian businesses….

CSA Propose New National Records Filing System to Replace SEDAR, SEDI and NRD

May 10, 2019

The Canadian Securities Administrators (CSA) are seeking input on the development of an integrated and comprehensive records filing system for Canada’s capital markets (Renewed System) that will, among other things, replace the System for Electronic Document Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI), the National Registration Database (NRD) and various local records filing systems. On…

Proposed Privacy Class Action “Collapses in its Entirety” on Commonality

May 8, 2019

On May 7, 2019, in Kaplan v. Casino Rama Services Inc. (Kaplan), the Ontario Superior Court of Justice refused to certify a privacy class action arising out of a criminal cyberattack that included allegations of breach of privacy, breach of contract and negligence. The decision comes on the heels of another recent decision denying certification of a privacy class action,…

Significant Changes to Canada’s Cannabis Licensing Process

May 8, 2019

Health Canada has issued a press release stating that it is changing the application process for licences to cultivate cannabis, process cannabis or sell cannabis for medical purposes (Commercial Licences). Effective immediately, Health Canada will require new applicants for Commercial Licences to have a completed site that meets all the requirements of the Cannabis Act (Act) and Cannabis Regulations (Regulations) at the time…

New Canadian Commissioner of Competition Sends Message of Active and Vigorous Enforcement

May 7, 2019

Canadian Commissioner of Competition Matthew Boswell provided the keynote address at the Canadian Bar Association’s Competition Law Spring Conference in Toronto on May 7, 2019. Commissioner Boswell was appointed for a five-year term on March 5, 2019, and his comments are an important early indication of the future direction for competition law enforcement in Canada. WHAT BUSINESSES NEED TO KNOW…

CBCA Amendments: New Register to Track Individuals with Significant Control

May 1, 2019

On June 13, 2019, Bill C-86, Budget Implementation Act, 2018, No. 2 (Bill C-86), will come into force. Bill C-86 received royal assent on December 13, 2018 and provides for various amendments to the Canada Business Corporations Act (CBCA). A significant amendment to the CBCA included in Bill C-86 is the new requirement that all private corporations establish a register…