"Over the weekend a reader showed me anecdotal evidence of naked short selling and tape painting by the major financials on some of the Canadian exchanges that was fairly shocking, but required further investigation. He has been sending this to their regulatory authority and been ignored.
For a country with such a sound banking system, the equity markets in Canada are quite exceptional. The Canadian exchanges sometimes appear to be like a carney sideshow, at times making even the Comex look good by comparison. Why they tolerate that sort of thing in such a normally sensible country makes one wonder, as it seems all out of character."
http://jessescrossroadscafe.blogspot.com/2011/05/net-asset-values-of-certain-precious.html