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March 2026 Advocacy Newsletter

Summary:

As we move further into 2026, our advocacy efforts are increasingly focused on a central question: how to ensure the vitality and competitiveness of Canadian asset management in a more fragmented and economically adversarial global environment, and in a Canada that is in need of capital and investment decision-makers. We believe this requires growing awareness of the role our industry plays in supporting Canada’s economic sovereignty, productivity, capital formation, and long-term growth. We feel these themes are underrepresented in current regulatory dialogue, and we believe leadership is necessary (likely from government), and will continue to advocate for a more intentional alignment between intended policy and economic outcomes, and regulatory policy design and delivery.

This month, CFA Societies Canada, together with PMAC, submitted a letter to the Government of Ontario urging them to direct the Ontario Securities Commission to sign on to the Canadian Securities Administrators’ Passport System. While we’re encouraged by some positive steps by governments (such as the recently adopted financial chapter under the Canada Free Trade Agreement via the Committee on Internal Trade (CIT)), we believe more action is needed, and that easy wins are possible with existing coordinating structures. Reducing duplicative regulatory processes and improving interprovincial capital mobility is a clear, actionable step toward strengthening Canada’s investment ecosystem and overall economic productivity.

Across all of this work, our focus remains clear: Canada’s capital markets and investment industry must evolve to be more coordinated, more technologically modern, and more globally competitive, while continuing to serve investors and the broader economy effectively. Canada’s CFA charterholders will be at the center of this evolution.

Michael Thom, CFA

Managing Director

CFA Societies Canada