The Globe and Mail reports in its Friday edition that groups representing Canada's investment management industry are urging provincial regulators to reduce interprovincial trade barriers by harmonizing securities regulations. The Globe's Alexandra Posadzki writes that CFA Societies and the Portfolio Management Association of Canada argue in a letter sent Thursday to the Canadian Securities Administrators that significant differences in securities regulations between provinces are hampering the investment management sector's contribution to the country's economy. "We believe 'the moment' Canada is facing both economically and geopolitically requires thoughtful but urgent action to address longstanding issues. A more harmonized securities regulatory environment in Canada will benefit the Canadian economy and the public interest," says the letter to the CSA. In recent months, federal and provincial governments have taken steps to remove interprovincial trade barriers and bolster the Canadian economy. In 1935, the Royal Commission on Price Spreads recommended the creation of a pan-Canadian securities regulator. Since then, a number of attempts have been made to create such an entity, but none has succeeded.