Flaherty: can't proceed with regulator plan
TORONTO (Reuters) - Canada cannot proceed with its current plan to create a national securities regulator, following the Supreme Court's ruling that the draft legislation was unconstitutional, Finance Minister Jim Flaherty said on Thursday.
The finance minister also said in a statement that Ottawa respects the court's ruling and is reviewing the decision, and will act in accordance.
(Reporting by Jennifer Kwan; editing by Rob Wilson)
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