By some estimates, the Canadian labour market is almost four times as flexible as the European labour market.5 An obvious example of this flexibility is the way that Canadians have responded to the higher wages and employment opportunities in the energy sector.
If concerns arise that a person or persons in Controlled Functions in a regulated firm do not meet the required standards of fitness and probity, they may be investigated by the Central Bank and could ultimately be prohibited from carrying out a Controlled Function in their firm, or any other regulated firm.