Federal Government Loses National Securities Act Reference in Alberta Court of Appeal
In a decision just now handed down, the Alberta Court of Appeal has ruled against the federal government in Reference re Securities Act (Canada), 2011 ABCA 77. The main question put to the court by the government of Alberta was as follows:
. . . [more]1. Does the Parliament of Canada have the legislative authority under the Constitution Act, 1867:
(a) to pass sections 295, 296 and 297 of the Budget Implementation Act, 2009 S.C. 2009, c.2,
(b) to pass legislation that is co-extensive in substance with the Alberta Securities Act and similar to the draft Securities Act appended to the


