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Morning meeting: Flaherty sets deadline on securities regulator

Joanna Wnuk/Getty Images/Hemera

What we're reading 'round the Web.

National securities regulator debate "can't go on forever", says Flaherty Finance Minister Jim Flaherty has drawn a line in the sand for the first time in his for a national securities regulator, setting a one-year deadline before he walks away.

Ottawa removing gag on rejected foreign takeovers The government is changing the Investment Canada Act to give the federal Industry Minister more freedom to talk openly about why he or she blocked a foreign takeover.

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Sunoco acquisition to boost Energy Transfer Partners stature Energy Transfer Partners $5.3-billion (U.S.) acquisition of Sunoco Inc. would create one of the largest and most diversified energy partnerships in the U.S., says the Wall Street Journal.

Behind a solid quarter lurks possible trouble for Canada lifecos While first-quarter conditions have been positive, Canadian insurers are facing a recent market reversal that will make it difficult to build on recent gains.

New global regulations biting into profits? Too bad, says Carney Bank of Canada Governor and chairman of the Financial Stability Board Mark Carney said global regulators must overcome resistance from financial institutions to new rules that cut into trading profits as they attempt to stave off another credit crunch.

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