Canada Bans Short Selling Too

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Canada Bans Short Selling Too

By John Lee on September 20, 2008 | More Posts By John Lee | Author's Website

TORONTO (Reuters) - Canada’s largest securities watchdog said late on Friday that it will follow other international authorities with a temporary ban on short-selling certain financial stocks.

The Ontario Securities Commission said the ban, coming on the heels of similar orders in the United States, Britain and other countries, will be in effect until October 3.

Short selling involves a bet that a security will fall in value.

International regulators reined in short-selling of financial stocks in a bid to smooth volatility in financial markets.

(SERIOUSLY, WTF!?)

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