Quebec MP Maxime Bernier argues that Quebec and Alberta are at risk of losing the Supreme Court reference case against the federal plan to create a single securities regulator. They may lose, he says, unless the provinces’ account includes the reality that the Dominion’s founders understood the nature of the securities trade in their time.
What is most perplexing is that Quebec and Alberta…offer no historical evidence showing that transactions in securities were in fact already, in the pre-Confederation era, being carried out at the interprovincial and international level, and that the Fathers of Confederation knew this.
A good policy wonk has to be a good historian too.
