Marcotte: The Supreme Court of Canada’s Decision and Its Broad Implications Beyond Banking
On September 19, 2014 the Supreme Court of Canada issued the seminal decision of Bank of Montreal v. Marcotte ("Marcotte"). This case changes conventional interpretation which had limited the application of provincial laws to federal entities. Specifically, the SCC applied provincial consumer protection legislation to a federally regulated bank and it restricted the sole preserve of federal legislation to the “unassailable core activities” of the federal entity. In Marcotte, currency exchange rates charged to clients on credit cards were not “unassailable core activities”. How does this case apply to your practice?
Attend this program to hear an in-depth review of the decision, a discussion of strategies for assisting federal businesses’ compliance with provincial legislation and discover how this case may apply to other areas, such as bank sold creditor insurance or other federal entities. Register now to secure your spot!
- Harold Geller, McBride Bond Christian LLP - Ottawa
- Michael Osborne, Affleck Greene McMurtry LLP
- Elizabeth Sale, Blake, Cassels & Graydon LLP
Dan Edmondstone, McMillan LLPCome early for the morning program, Consumer Protection: Challenges, Changes and Enforcement, and save!