Canada’s banks fundamental to financing the net-zero transition
Banks understand that the financial sector is central to securing an orderly transition to a net-zero economy while ensuring the continued resilience of Canada’s financial system.
Canada’s population advantage offset by weak productivity
The Office of the Superintendent of Financial Institutions, Canada’s bank regulator, is signalling it’s concerned a prolonged downturn is a distinct possibility, which is currently not a best-case scenario for the Bank of Canada, the Government of Canada, or most bank economists.
Record-breaking lobbying activity in November with discussions about economy and federal budget
A new record for lobbying activity in a November was set last month, with organizations discussing the looming threat of recession and ways to support Canadians.
Employment Insurance reform can’t move forward without changing the way it’s financed
Without changing the approach to financing, businesses and workers will face significant increases in premiums and the government will have little prospect of covering costs with revenues for decades to come.
Canada needs modern payment legislation to drive safe innovation
What’s necessary are legislative reforms that support broader access, while continuing to build and operate payment systems that are safe, secure, and flexible.
Canada emerges from pandemic ‘reasonably well’ according to IMF, but a rocky road lies ahead
A decline in the role of fossil fuels without a needed transition plan would weaken our economic growth and employment, increase Canada’s balance of payments deficit with the rest of the world, lower the value of the Canadian dollar and reduce government revenues.
Open banking can redefine how Canada, financial institutions, and fintechs work together
Innovation begets innovation, and a secure, trustworthy system will prompt established and new entrants to offer leading-edge products and experiences.
Tough times ahead will require new federal tax policies in 2023
It’s time to modernize Canada’s tax rules to address rising corporate profits and tax avoidance.
The appropriate federal fiscal policy? You be the judge
On balance, the government’s choice to risk a rise in inflation to protect the living standards of the most vulnerable and minimize the number of businesses thrown into bankruptcy was the right one.
Bank of Canada’s latest interest rate hike came with ‘big shift’ in messaging and leaves significant ‘room to manoeuvre,’ say observers
‘The most interesting thing was the forward guidance, I believe, has changed,’ says Tom Davidoff, a professor at UBC’s Sauder School of Business, and the message has shifted from ‘the beatings will continue’ to ‘the beatings will continue, unless morale improves.’
