Canadian government will have final decision on top banks' purchases

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Jim Flaherty, Canada's PM is going to implement regulation that would give the government rights to allow or reject purchases by country's top banks. Flaherty claims such regulations will help to circumvent unexpected obstacles in nation's financial system. Canada reassesses banking legislature once in five years and country's banking system is considered as the world's healthiest.

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