All Canadians who care about our economy's health and fairness in our financial systems, join in calling for this temporary ban. Goal is to reach for 1,500 signatures. Please sign this petition today!
Every day, investors and issuers across Canada are losing millions of dollars due to this practice. This is not just an abstract economic issue - it affects real people's lives and livelihoods.
Short selling, a practice where traders sell stocks they do not own with the hope that the price will fall before they have to buy them back, can cause significant market volatility. In times of economic uncertainty or crisis, this volatility can be particularly damaging.
In 2008 during the global financial crisis, several countries including France and Italy temporarily banned short selling to stabilize their markets (source: Financial Times). The measure was controversial but effective in reducing market volatility during a period of extreme uncertainty.
In todays current economic climate countries are again temporarily banning short selling including - most recently - South Korea.
With the daily losses experienced by Canadian investors and issuers due to short selling practices, it is time for Canada to consider similar measures. A temporary ban on short selling could provide much-needed stability for our markets and protect Canadians' investments.