Banking and Financial Services

Lowering the ceiling: the new reality for interest rate provisions in credit agreements

On April 20, 2023, the Canadian federal government proposed amending the criminal rate of interest as part of its Budget Implementation Act, 2023. We...

Government of Canada’s consultation on lowering the criminal rate of interest

A consultation paper addressing the criminal rate of interest and availability of high-cost installment loans often offered by alternative lenders is...

CARR releases anticipated CDOR loan fallback language

Osler’s Lisa Mantello and Jasmyn Lee explain the CARR working group’s highly anticipated recommended fallback language for loan agreements that...

Recommended fallback language should encourage a smooth transition from CDOR to CORRA (webinar)

With the Canadian Overnight Repo Rate Average set to replace the Canadian Dollar Offered Rate by June 2024, newly released recommended fallback...

Canada bans Russian gold imports and export of various manufacturing services, and designates ‘disinformation agents’

As the Russian invasion of Ukraine enters the half-year mark, Canada announces further sanctions prohibiting the import of certain gold products from...

Increasing complexity of regulation in financial services drives dynamic practice

Increasing complexity of financial services driving evolution of practice for Osler’s Elizabeth Sale, partner, Banking and Financial Services

Canadian sanctions laws: key considerations for loan transactions

Canadian sanctions on Russia following its invasion of Ukraine include the prohibition of providing financial services to certain persons and...

Canada bans the export of certain services to Russia

Canada announces the prohibition of certain services to Russia, targeting the operation of its oil, gas and chemical industries, which together make...