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Aug 31, 1996

Damming Canadian IR

Compared to the circus south of the border, Canada is a quiet backwater when it comes to securities litigation. However, the times may now be changing

After watching the US revamp safe harbour rules to open up communications between companies and investors, Canadian pundits are proposing sweeping new laws. But these could prove counterproductive, filling lawyers' coffers and tying-up management in court for years. IROs are outraged by the proposed changes, predicting that they will curtail communications with the financial community. At the centre of the debate are two Toronto Stock Exchange initiatives intended to improve, not strangle,

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