CSA issues guidance about regulatory concerns with certain asset or business acquisitions Français
The guidance relates to reporting issuers that distribute a significant number of securities to acquire assets or businesses that appear to have little or no actual value or operating history, and paying what appear to be significantly inflated prices.
CSA Staff Notice 51-366 Regulatory Concerns with Certain Asset or Business Acquisitions explains the regulatory concerns with these types of acquisitions and reminds issuers of the requirements that may apply. It does not introduce any new requirements.
Key regulatory concerns with these transactions include:
The potential for misleading disclosure or misrepresentations in a reporting issuer's continuous disclosure record.
A potential lack of a reasonable basis for the value ascribed to the asset or business being acquired.
Potentially untrue or unbalanced promotional campaigns to support the acquisition.
Whether a reporting issuer records all or a portion of the consideration paid as intangible assets or goodwill based on unreasonable or unsupportable assumptions, and impairs them shortly after the acquisition.
Staff will continue to apply additional regulatory scrutiny to reporting issuers involved in acquisitions that appear to raise the concerns set out in the staff notice.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
For media inquiries, please contact:
For investor inquiries, please contact your local securities regulator.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
27 minutes ago
- Cision Canada
Training more than 17,300 Canadian workers to help build the strongest skilled trades workforce in the G7 Français
CALGARY, AB, Aug. 12, 2025 /CNW/ - The Government of Canada is building one strong Canadian economy. To do so, Canada needs the strongest skilled trades workforce in the G7. By collaborating with unions, the federal government is supporting workers so they get the skills and training they need and is also creating well-paying sustainable jobs for generations to come. Today, while speaking at a conference with the International Brotherhood of Electrical Workers, the Honourable John Zerucelli, Secretary of State (Labour), on behalf of the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, announced close to $10 million in funding for the Western Joint Electrical Training Society. This project will provide innovative, hands-on training to construction electrician apprentices, journeypersons and other workers across Canada to address green skills, knowledge, and competency gaps. Secretary of State Zerucelli also announced more than $3 million to the National Electrical Trade Council for a project that will train Red Seal powerline technicians to use drones for powerline maintenance to support the reduction of greenhouse gas emissions. Together, these projects will mean nearly 17,350 workers will be able to upgrade or gain new skills. These projects are funded by the Sustainable Jobs stream of the Union Training and Innovation Program under the Canadian Apprenticeship Strategy, and they complement investments in the Sustainable Jobs Training Fund that help thousands of workers to upgrade or gain the new skills required for a green economy. Today's announcement is part of the Government's response to the skilled trades workforce's most pressing needs, including addressing barriers to successful entry, supporting progression and completion of apprenticeships, addressing the housing crisis, and increasing net-zero construction to unlock Canada's economic potential. Quotes "To effectively double the number of homes built annually to nearly 500,000, we need a workforce equipped with the green skills needed to build faster. Today's announcement is part of our plan to help train nearly 30,000 tradespeople, in collaboration with organizations and unions—driving innovation, boosting productivity and supporting long-term growth in the construction sector right here at home." – The Honourable John Zerucelli, Secretary of State (Labour) "At the National Electrical Trade Council, we recognize the critical role of the powerline sector in maintaining Canada's electrical infrastructure and grid capacity. This transformative program, by merging traditional expertise with new technologies, will not only significantly elevate the quality of our Red Seal skilled trades and address critical skill gaps, but also actively champion the green initiatives essential for reducing Canada's emissions footprint and ensuring a sustainable future." – Chris Swick, Executive Director, National Electrical Trade Council "This national investment in green energy training equipment is a game-changer for Canada's skilled trades. By supporting broad-based partnerships across industry and union joint training committees, we're enabling the sharing of expertise and resources from coast to coast. This collaborative approach ensures that training is demand-driven, locally relevant, and focused on closing skill gaps—empowering workers to lead the transition to a sustainable economy." – Adrien Livingston, Executive Director, Western Joint Electrical Training Society Quick facts The Canadian Apprenticeship Strategy's Sustainable Jobs funding stream and the Sustainable Jobs Training Fund are part of Canada's comprehensive sustainable jobs approach, as outlined in the Canadian Sustainable Jobs Act and the interim Sustainable Jobs Plan for 2023 to 2025, which guides Canada's efforts to move to a net-zero emissions economy. Some examples of industries where tradespeople with green training are needed include low-carbon building construction, clean energy deployment, and the zero-emission vehicles and battery supply chain. Home retrofits and new builds increasingly require construction workers to be equipped with specialized skills to work on energy-efficient high-performing buildings. Nearly $1 billion annually in apprenticeship support goes toward making trades training more affordable through loans, grants and contributions, tax credits, and Employment Insurance benefits. The Government has committed to doubling the pace of housing construction, both through traditional construction and new technology such as prefabricated and modular homebuilding. This means Canada needs to hire and train thousands of new skilled tradespeople who can help build these houses. Associated links Backgrounder: Sustainable Jobs Stream About the Union Training and Innovation Program About the Sustainable Jobs Training Fund Canada's 2030 Emissions Reduction Plan Budget 2024 SOURCE Employment and Social Development Canada Contacts: For media enquiries, please contact: Jennifer Kozelj, Senior Communications Advisor and Press Secretary, Office of the Minister of Jobs and Families, [email protected]; Media Relations Office, Employment and Social Development Canada, 819-994-5559, [email protected]
Edmonton Journal
27 minutes ago
- Edmonton Journal
China announces 75.8 per cent tariffs on Canadian canola
A field of bright yellow canola in Alberta this summer. Photo by Mike Drew / Mike Drew/Postmedia OTTAWA — China announced a 75.8 per cent preliminary tariff on Canadian canola on Tuesday, following an anti-dumping investigation launched last year in response to Canada's tax on Chinese electric vehicles. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters. Unlimited online access to Edmonton Journal and 15 news sites with one account. Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters. Unlimited online access to Edmonton Journal and 15 news sites with one account. Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors China's Ministry of Commerce published the details of the plan on Tuesday, claiming the 'dumping' of Canadian canola into the Chinese market is hurting its domestic canola oil market. The Canola Council of Canada says 'anti-dumping investigations are initiated when a country suspects a product is being imported at a lower price than it is sold for in the domestic country in which it is produced. Get the latest headlines, breaking news and columns. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again 'The CCC believes strongly that Canada's canola trade with China is aligned with international rules-based trade,' says a statement on the organization's website, posted before China's announcement. The council has not yet commented on Tuesday's tariff decision. China's commerce ministry also said in a separate social media post Tuesday that the two countries met four days ago to discuss trade. 'The two sides had in-depth and frank exchanges on bilateral economic and trade relations and key economic and trade concerns of both sides, and exchanged views on deepening bilateral, regional, and multilateral economic and trade co-operation,' the post read. The Prime Minister's Office deferred comment on the canola tariffs to the minister of international trade, who did not immediately respond to a request for comment. Canada imposed a 100 per cent tariff on Chinese electric vehicles in October 2024, a move that is to be reviewed within one year. Canada supplies China with most of its canola but China currently exports very few electric vehicles to Canada. When Canada levied tariffs on Chinese EVs last year — which are significantly less expensive than North American-made EVs, in part because of lower labour and environmental standards and state subsidies — it justified the move as protecting 'the transformation and planned investments in Canada's vehicle sector.' 'Actors like China have chosen to give themselves an unfair advantage in the global marketplace, compromising the security of our critical industries and displacing dedicated Canadian auto and metal workers. So, we're taking action to address that,' then-Prime Minister Justin Trudeau said at the time.
an hour ago
Flight attendants' union says it declined arbitration proposal by Air Canada
The union representing Air Canada's flight attendants says it has declined a proposal by the airline to resolve negotiations through arbitration. In an update posted on the bargaining committee's website, the Canadian Union of Public Employees (CUPE) wrote that Air Canada had proposed referring the matter to binding interest arbitration. That process would bring a third-party arbitrator into the talks to mediate on specific items that haven't been agreed on by both sides and render a decision. It would also suspend the chance of a lockout or strike. CUPE members voted overwhelmingly in favour of a strike mandate last week, setting up a potential strike to begin as soon as 12:01 a.m. ET on Aug. 16. CUPE published a letter addressed to the president of its Air Canada component, Wesley Lesosky, and signed by Air Canada vice-president and human resources chief Arielle Meloul-Wechsler on Monday. After eight months of negotiation, we have been unable to reach a tentative collective agreement despite our best efforts, the letter says. Outlining the proposal, it adds that if we cannot agree on an arbitrator within 30 days of your agreeing to the proposal, we ask the Minister of Labour to name one. Air Canada has communicated to the union that the sides are too far apart, according to CUPE. The union says in its update that it intends to stay at the bargaining table. A representative for CUPE told CBC News that both sides are back to evaluating proposals after their exchange. CBC News has reached out to Air Canada for comment. Binding interest arbitration tends to be preferred by employers because you are avoiding the strike and the business disruption, said Malini Vijaykumar, employment and labour lawyer at Nelligan Law in Ottawa. Talks ongoing since March CUPE's Air Canada component represents more than 10,000 flight attendants who work for the major airline and its budget carrier Air Canada Rouge. Some of those workers held demonstrations outside four major Canadian airports on Monday for what the union called a day of action. The union says the most contentious issues at the bargaining table are wages — which it says have not kept pace with inflation — and unpaid work that occurs before boarding and after deplaning, such as safety checks and assisting passengers. CUPE said last week that it would continue talks with Air Canada until Aug. 15, the day before a potential strike. The two parties have been negotiating since March, when the previous 10-year collective agreement expired. But the talks reached an impasse in May, at which point the union filed for conciliation with the federal labour minister. At the time, Air Canada said that its pay structure is in step with other global carriers. Delta Air Lines is the only major North American airline that offers ground pay (new window) to its flight attendants, paying them at half their hourly rate for 40 to 50 minutes of boarding time depending on the flight destination and aircraft. Jenna Benchetrit (new window) · CBC News · Journalist Jenna Benchetrit is the senior business writer for CBC News. She writes stories about Canadian economic and consumer issues, and has also recently covered U.S. politics. She was part of the team that won a silver Digital Publishing Award in best news coverage for covering the 2024 U.S. election. A Montrealer based in Toronto, Jenna holds a master's degree in journalism from Toronto Metropolitan University. You can reach her at With files from Anis Heydari and Alexandra Mae Jones
