The Price of Protection: Benchmarking Canada’s Property & Casualty Industry Against its Global Peers
Canadian Premiums for P&C Insurance Among Highest in OECD Canadians are paying premiums for property and casualty insurance that are at the high end of international comparisons, says a new report from the C.D. Howe Institute. Alister Campbell and Farah Omran provide a comparison of premiums between Canada and its international peers and explore not […] Glen Hodgson – The Coming End Of Libor: Adaptation Required
From: Glen Hodgson To: Canadian business borrowers and lenders Date: April 30, 2021 Re: The Coming End of Libor: Adaptation Required The widely-used global interest rate benchmark, Libor, is coming to an end, to be replaced by a more decentralized system of reference rates for various currencies that more accurately reflect the interest rate on a risk-free transaction […] Kronick, Laurin – Capital Gains On Housing Won’t Cool The Market
From: Jeremy M. Kronick and Alexandre Laurin To: Real Estate Watchers Date: April 8, 2021 Re: Capital Gains on Housing Won’t Cool the Market The housing market is hot, and has been for several years, especially in Canada’s largest cities. Many policy attempts and proposals have been made to slow it down, almost always focusing on the demand side. […] Canada risks becoming house-rich and everything else-poor – Financial Post Op-Ed
Canada’s buoyant housing market, with lots of new construction, booming renovations, and a torrid pace of transactions, has been a good news story in a year that had too few. But as underlined in a recent FP article called “The housing boom that never ends,” the news on housing has been a little too good.
Meanwhile, other business investment – in non-residential structures, machinery and equipment, and intellectual property – has languished. We ended 2020 in a troubling place: recent GDP numbers from Statistics Canada showed that private residential investment almost equaled all other types of private investment in the fourth quarter. In other words, almost half of all private non-consumption spending was on housing.…
S3 E5: The Next Green Bond Wave with Glen Hodgson
The explosive growth in demand for green bonds is expected to return post-COVID. C.D. Howe Institute Senior Fellow Glen Hodgson tells Michael Hainsworth the pandemic has given the oil patch, foreign investors, and Ottawa an opportunity to rebuild the economy around green thinking. Read the full report Glen Hodgson – Federal Green Bonds Could Build Capacity, Impose Order
From: Glen Hodgson To: Canada’s Ministers of Finance Date: March 16, 2021 Re: Federal Green Bonds Could Build Capacity, Impose Order The green bond market was growing rapidly – to $257 billion globally in 2019 – until the pandemic hit in 2020. As the recovery unfolds, green bonds – fixed-income securities used to finance sustainable projects – appear poised […] Leagh Turner – The Frictionless Future For The World Of Work
From: Leagh Turner To: Canadian Employers Date: March 12, 2021 Re: The Frictionless Future for the World of Work COVID-19 has accelerated changes in almost every aspect of daily life, especially work, where a sea of change is breaking decades-old paradigms to meet the demands of a more fluid and frictionless workforce. And as organizations navigate these uncertain […] Why federal green bond issuance can help build the Canadian market – Globe and Mail Op-Ed
The green bond market was growing rapidly until the pandemic hit in 2020 and its progress stalled under economic shutdowns. As the recovery unfolds, green bonds – fixed-income securities used to finance sustainable projects – appear poised to resume their trajectory, in Canada and abroad. But should the federal (and provincial) governments get into the action with their own green bond issues?
In a recent C.D. Howe Institute paper, I argue there are many good reasons for Ottawa to issue its own green bonds; chief among them is the setting of a benchmark price that can help build overall market capacity in Canada. The other key question is how the federal government can best play a role.
These bonds instruments,…
The Next Green Bond Wave: Should Ottawa Step In?
Canada’s Green Bond Market Poised to Surge Canada’s green bond market is poised to regain momentum as the economy recovers from COVID, according to a new report by Glen Hodgson. Green bond issues were surging prior to the pandemic, with US$257.7 billion issued globally in 2019 and C$9.25 billion in Canada. Hodgson notes Canada has […] Glen Hodgson on Energi Media – Canada’s green bond market set to surge
Glen Hodgson, Senior Fellow at the C.D. Howe Institute, discusses the changes needed for green bonds to play a bigger role in financing Canada’s energy transition.
Duty to Protect: Corporate Directors and Climate-Related Financial Risk
Climate Risk Reporting Needs Clarity to Succeed Amid growing calls from regulators, financial standard organizations and institutional investors, Canadian corporations face pressure to adopt transparent climate-risk reporting. But first, they need greater clarity on the metrics and standards involved. Author Janis Sarra recommends that Canada clarify and adopt mandatory uniform reporting on climate metrics and […] Je Préfère Les Tulipes Aux Bitcoins – La Presse Opinion
Comme les tulipes au XVIIe siècle, les bitcoins sont emportés par une bulle, ce qui montre bien que la fièvre des spéculateurs est récurrente. Les tulipes mènent aujourd’hui une existence bien terre-à-terre, contentes d’être jolies et d’annoncer le printemps. Je cherche encore l’utilité des bitcoins.
En 1637, les marchands néerlandais payaient des prix fous pour les bulbes de cette fleur exotique, importée de l’Empire ottoman, particulièrement la rare variété à motif tigré. Première crise spéculative documentée, la « tulipomanie » a brûlé des fortunes factices.
On n’aura pas davantage à pleurer l’éventuelle déconfiture des « baleines », le surnom donné aux gros détenteurs de bitcoins, qui ne sont…