Protecting Ontario's Capital Markets

    Ontario Finance Minister Dwight Duncan Statement on OSC's Action on
    Short Selling

    TORONTO, Sept. 19 /CNW/ -


    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.

                                                      Disponible en français

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For further information:

For further information: Alicia Johnston, Minister's Office, (416)
325-3645; Scott Blodgett, Ministry of Finance, (416) 325-0324

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