2021 brings a new administration to the White House and, with it, a more favorable outlook toward sustainability, especially climate change. How much this shift in policy will influence financial regulations and ultimately banks, especially in the US, is not yet certain. But banks should prepare for stronger pressure on the financial industry to contribute to the effort to foster sustainable development through stricter disclosure requirements and redirected investment goals.
For more than 50 years, Canada Deposit Insurance Corporation has assured Canadian depositors that their bank deposits are safe. Perhaps surprisingly, considering the relative tranquility of Canada’s banks, CDIC has come to the rescue after a number of failures. CDIC’s mandate goes beyond protecting depositors from loss to safeguarding the stability of the financial system as a whole from turbulence. How are changing times affecting that mandate?
It’s not often that Canadian oil markets require the intervention of the government to put them back on course. In fact, the last time such a scenario transpired was all the way back in 1981. But in late December, that’s just what happened in the province of Alberta, home to the country’s abundant oil-sands industry.
The last few months have seen investors showing more interest in the cannabis industry. As they become more at ease with investing in the once-controversial product, and as authorities around the world continue to relax the rules surrounding its legalization
The decline in global oil prices between mid-2014 and February 2016 had a dramatic impact on many economies around the world. Prices slid below the average costs of production for many oil-producing nations, which in turn rendered their
The November elections are soon approaching for Americans, and it now looks increasingly like a two-horse race for the US presidency. Both Hillary Clinton and Donald Trump have emerged as clear contenders in the last few weeks, leaving their rivals by the wayside.
The Canadian economy is at a critical juncture. It has very recently managed to escape from the brief recession it slipped into in 2015’s third quarter; but consumer debt has spiralled, unemployment has gradually been ticking upwards, the housing bubble is
The Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan’s largest bank, is expanding its reach in North America. Koji Asada, president and CEO of BTMU Canada, announced the opening of the bank’s new office in Calgary, Alberta.