Protecting Ontario's Capital Markets
Ontario Finance Minister Dwight Duncan Statement on OSC’s Action on Short Selling
The OSC is taking proactive steps to protect our capital markets and Ontario supports these actions. I support the actions being taken.
We are actively monitoring market developments and working with the OSC as it continues to work closely with other securities and financial market regulators in Canada and other countries as we go forward.
We are confident that our financial markets are strong and well positioned to withstand the current economic challenges.
These measures are aimed at protecting Ontario and Canadian investors.
This ban on short selling is consistent with recent steps taken in the U.S. and U.K. to address challenges being faced by financial markets throughout the globe.