Crypto Markets News Platforms 

Canada: Regulatory Bodies Call on Crypto Industry to Participate in Securities Law Review

“Two national securities bodies in Canada have issued a joint consultation paper on March 14, aiming to gather industry feedback about cryptocurrency token regulation” writes William Suberg for cointelegraph.com. In a summary press release about the paper, the Canadian Securities Administrators (CSA) and Investment Industry Regulatory Organization of Canada (IIROC) said it was necessary to adapt existing laws in order to cope with the emergence of new trading platforms specializing in crypto-assets.Canada has maintained a reticent stance by comparison, with the tone of the latest documentation being conspicuously pro-change as…

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Crypto GBP News 

British Columbia Watchdog Exposes a Bitcoin HYIP Scheme

“The British Columbia Securities Commission (BCSC), one of the thirteen provincial financial regulators in Canada, has added Canada Bitcoin Exchange Inc. (CBE), which facilitates trading in digital currencies, to its ever-growing Investment Caution List” writes Aziz Abdel-qader for financemagnates.com. As one would expect, sites such as Canada Bitcoin operate as a HYIP scheme where returns are always dodgy, though they tend to dry up well before the original investment amount is repaid.Earlier last year, NASAA organized a task force to launch investigations into ICOs and cryptocurrency-related investment products. Source: financemagnates.com

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Canada says no ‘political pressure’ from US against grounding 737 MAX

“The public needs to have confidence, confidence in the airlines and confidence in the manufacturers and the government as well.”” reports washingtonexaminer.com. Canada barred Boeing’s 737 Max jetliner from its airspace on Tuesday after satellite data showed fluctuations in the takeoff angle of a downed Ethiopian Airlines flight that mirrored those before an Indonesian crash involving the same type of aircraft six months earlier.Since only 58 of the 737 Max models are flown by U.S. airlines, grounding them wouldn’t disrupt air travel significantly, Thomas Cooke, a professor at Georgetown’s McDonough…

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Canada joins list of countries to ban Boeing aircraft as investigation of fatal crash offers few answers

“A. The FAA requires every large commercial aircraft to carry two “black boxes,” a cockpit voice recorder and the flight data recorder” writes David Koenig for sun-sentinel.com. Canada has become the latest country to close its air space to the Boeing 737 Max 8 jet as the investigation continues into an Ethiopian Airlines crash that killed 157 people, the second fatal crash involving that particular aircraft in just over five months. Source: sun-sentinel.com

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Markets News Oil 

Enbridge pipeline delay spooks traders in long-term Canada crude market

“One Calgary-based trader said the Alberta government had ruined trust in the Canadian heavy crude market” writes Midwest Communications Inc for 95kqds.com. Longer-dated trading volumes in the Canadian heavy benchmark Western Canada Select (WCS) vary each month, making year-on-year comparisons of trading volumes difficult, traders said.Severe pipeline bottlenecks depressed Canadian heavy oil prices to the weakest on record last year, prompting the Alberta government to order mandatory production cuts effective Jan. 1, a move that sent prices sky-rocketing and traders scrambling to cover positions.Now, Enbridge’s delay has heightened concerns the…

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Funding Circle Reveals Plans For Canada Launch

“Alternative small business lending firm Funding Circle has announced plans to launch in Canada” reports pymnts.com. While its exact Canada launch date is unknown, the company said it will commence operations in the country in the second half of this year through the opening of an office in Toronto.The company also pointed out that despite Canada’s ongoing recovery since the 2008 financial crisis, lending to small businesses has not recovered as quickly.Funding Circle’s U.K. commercial strategy lead, Tom Eilon, will head the company’s Canada unit as managing director, the firm…

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Canada court rejects bid by SNC-Lavalin to review decision for trial

“OTTAWA (Reuters) – Canada’s Federal Court on Friday rejected a bid by SNC-Lavalin Group Inc to challenge a decision by prosecutors to put the construction company on trial on charges of corruption” writes Midwest Communications Inc for 95kqds.com. In a ruling, Justice Catherine Kane said the company’s application for a review of the decision “had no reasonable prospect of success.”. The government of Prime Minister Justin Trudeau is grappling with a crisis over efforts by top officials to help the Montreal-based company avoid a trial. Source: 95kqds.com

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IIROC approves acquisition of ITG Canada by Virtu Financial

“Virtu will supplement its existing management team by incorporating existing ITG management globally; namely Robert Boardman in Europe, Michael Corcoran in the Asia-Pacific region and Etienne Phaneuf in Canada” reports financefeeds.com. As part of this program, Virtu will host Client Information Security Forums, through which the Company will provide information regarding the CISP, receive input from interested clients regarding their information security needs and discuss industry best practices and standards.The announcement by IIROC is made several days after Virtu Financial announced the completion of its acquisition of Investment Technology Group, Inc.…

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News Platforms 

Google reportedly plans to ban political ads before Canada election

“Other Google services, like enhanced search results and platforms including YouTube, will still be available during the campaign period, the newspaper added” writes Shubham Kalia for businessinsider.com. Alphabet Inc’s Google is planning to ban political advertising on its platform before the Canadian federal election as the nation’s new transparency rules would be very challenging to comply with, The Globe and Mail reported on Monday.The Bill C-76, which was passed in December, requires online platforms to keep a registry of all political and partisan advertisements they directly or indirectly publish, the…

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