Overview

Under the agreement of this take-private transaction worth C$9 billion, Boralex will continue to operate as an independent private company following closing.

Our Outlook Series 2026 provides forward‑looking analysis of the most important legal, regulatory, and market developments affecting Canadian organizations.

Candace M. Pallone is a Counsel in our Financial Services group, specializing in derivatives. Her practice area focuses on structured products, securitizations, covered bonds transactions and derivatives transactions and regulation.

Candace has extensive experience in all aspects of OTC derivative transactions, including regulation, central clearing, negotiation and collateralization of OTC derivatives, securities lending and repo transactions, and for all asset classes including credit, fixed income, interest rate, commodity, foreign exchange and equity. Her recent transactions include working extensively on behalf of the Canadian Market Infrastructure Committee in connection with the regulation of OTC derivatives in Canada, acting for Canadian bank issuers in connection with the swap-related aspects of covered bond transactions and assisting a clearing corporation in amending its membership rules to permit the clearing of repo transactions.

Prior to joining McCarthy Tétrault in 2006, Candace was senior counsel with Royal Bank of Canada’s Capital Markets Transactions Services Group. While at the Bank, she provided legal support to the trading desks and to the operations and risk management groups in all aspects of derivative and capital markets transactions for nine years.

Practice Areas

• Banking/Finance
• Securities
• Commercial Law
• Corporate & Commercial Law

Bar Information

Called to the bar: 1994 (ON)