OSC won't hold exchange hearings

Article Abstract:

The Ontario Securities Commission (OSC) is not planning to conduct public hearings regarding the proposed reorganization of Canada's securities exchanges. OSC Chmn David Brown said that the planned reorganization has elicited positive responses from market professionals, and thus, there is no need to hold public hearings. The reorganzation would result in blue chip stocks being traded on the Toronto Stock Exchange, the derivatives on the Montreal Exchange, and the junior stocks on a single western-based exchange.

Securities & Commodities Exchanges, Securities and Commodity Exchanges, Government regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Securities & Commodities Regulatn, Ontario

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Four die in crash of commuter plane

Article Abstract:

A twin-engine Cessna 335 commuter plane chartered from Myrand Aviation of Sainte-Foy, Quebec, has crashed into the ground two kilometers west of a small-town airport on the Gaspe Peninsula. The accident killed its two crew members and two passengers. Myrand Aviation, which has been operating since 1984, had never been involved in a major accident according to the Transporation Safety Board of Canada.

United States, Capital expenditures, Nonscheduled Air Transportation, Air Charter Services, Myrand Aviation

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