Glen Hodgson – Sustainable Finance: What Role for Crown Financial Institutions?
From: Glen Hodgson To: Canada’s finance ministers and financial industry Date: July 10, 2019 Re: Sustainable Finance: What Role for Crown Financial Institutions? An earlier Intelligence Memo outlined the final report from the federal government’s expert panel on sustainable finance. Sustainable finance is about enhanced business opportunities as well as being green – positioning Canada and its investment institutions […] Glen Hodgson – Sustainable Finance: From the Margins to the Mainstream
From: Glen Hodgson To: Canada’s finance ministers and financial industry Date: June 28, 2019 Re: Sustainable Finance: From the Margins to the Mainstream Canada has been lagging international developments in sustainable finance – still regarding green finance as a marginal activity as other nations pile in. To address the issue, the federal government last year set up an expert […] Jeremy Kronick on BNN – Getting private equity involved to scale up Canadian companies
A new report from C.D. Howe says private equity is part of the solution for corporate Canada’s scaling problem. For more on this, BNN Bloomberg spoke with Jeremy Kronick, associate director of research at C.D. Howe Institute.
Schwanen, Kronick, Omran – Leveraging Private Equity Energy to Fuel Small Business Development
From: Daniel Schwanen, Jeremy Kronick and Farah Omran To: Canadian tax authorities Date: May 31, 2019 Re: Leveraging Private Equity Energy to Fuel Small Business Development Canadian firms generate just 73 percent as much gross domestic product per hours worked as their US peers, down from more than 90 percent in the 1980s. At the same time, fewer small […] Growth Surge: How Private Equity Can Scale Up Firms and the Economy
May 30, 2019 – Private equity deals are key to fueling the growth of small firms, as well as the Canadian economy, according to a report from the C.D. Howe Institute. In “Growth Surge: How Private Equity Can Scale Up Firms and the Economy,” Daniel Schwanen, Jeremy Kronick and Farah Omran examine the role of […] Why Canada’s money-laundering problem is far bigger than we think – Financial Post Op-Ed
On May 9, an expert panel on money laundering issued its report, Combatting Money Laundering in BC Real Estate, in which it estimated 2018 money laundering in Canada at $46.7 billion. In a recent C.D. Howe Institute report, titled Why We Fail to Catch Money Launderers 99.9% of the Time, I estimate money laundering in Canada at $100 billion to $130 billion. Who’s right?
Actually, it doesn’t matter. Both estimates are massive. They sound an alarm for action, and we now turn to our federal and provincial leaders to implement a public registry of beneficial ownership, as recommended by both reports.
Unfortunately, instead of action, some officials have attacked the panel report for its surprising allocation of money laundering…
Paul M. Jacobson – Is There a Big Mortgage Debt Problem?
From: Paul M. Jacobson To: Canadians concerned about debt levels Date: May 21, 2019 Re: Is There a Big Mortgage Debt Problem? In our 2015 C.D. Howe Institute study, Craig Alexander and I looked at some aspects of household mortgages in Canada. The main research dataset was the 2012 cycle of the Survey of Financial […] Why We Fail to Catch Money Launderers 99.9 percent of the Time
The fight against money laundering in Canada will require tougher measures that shine a light on the perpetrators who now operate in the shadows, says a new report from the C.D. Howe Institute. In “Why We Fail to Catch Money Launderers 99.9 percent of the Time,” author Kevin Comeau supports the creation of a publicly […] Ambler, Kronick, Omran – Household Insolvency
From: Steve Ambler, Jeremy Kronick, and Farah Omran To: Canadians Worried About Debt Date: April 30, 2019 Re: Household Insolvency Canadian consumer insolvencies rose 5.4 percent in February compared to a year earlier, according to new figures from the Office of the Superintendent of Bankruptcy (OSB). Canadians are constantly barraged with warnings about rising debt […] Bill Young – Corporate Canada is ignoring impact investing. It cannot afford to
From: Bill Young To: Canada’s corporate investors Date: April 12, 2019 Re: Corporate Canada is ignoring impact investing. It cannot afford to. Over the past few years, leading companies worldwide have begun to invest in ventures that can achieve both a financial and a social return. In the modern economy, it is becoming essential. “Society is demanding that companies, both […] B.C.’s anti-money laundering efforts deserve praise, but more needs to be done – Globe and Mail Op-Ed
For years, criminals from around the world have been secretly investing their proceeds of crime in Canadian real estate simply by registering the property in the name of a private corporation, partnership or trust. That will soon come to an end in British Columbia. Well, almost.
The B.C. government recently introduced the Land Owner Transparency Act, which requires corporations, partnerships and trusts to disclose the names of the individuals who control or own them. Those names are then placed on a public registry for all the world to see.
This far-reaching legislation applies 21st-century technology to combat the growing problem of money laundering. All Canadians should applaud the B.C. government for its leadership and…
Central Banks and the Future of Money
April 9, 2019 — Central banks around the world are now giving serious consideration to the pros and cons of making central bank digital currencies available to the general public, says a new study from the C.D. Howe Institute. In “Central Banks and the Future of Money,” former Deputy Governor of the Bank of Canada John […]