‘Voluntary action alone isn’t going to cut it’: watchdog group calls for climate reporting requirements for Canada’s $4-trillion pension fund industry
A new report card finds a widening gap on credible climate action among Canada’s largest pension funds, which manage $2-trillion worth of assets.
Not our grandparents’ recession: changing labour market means feds and central bank should reconsider priorities as employment remains strong
Conservative finance critic Jasraj Singh Hallan says the Liberals must cut government spending and invest in the energy sector, noting supports such as the rental subsidy are ‘vaporized’ by inflation.
‘Targeted’ budget requires aggressive lobbying campaigns to be heard, say lobbyists
The federal government’s 2023 budget may prioritize pre-existing Liberal commitments, rather than new ones, according to former Liberal staffer Kevin Bosch, now a managing partner with Sandstone Group.
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.
