S3 E21: Canada’s $2 Trillion Dollar Transition
In part one of a two-part series, RBC’s John Stackhouse and Cynthia Leach join our Michael Hainsworth to discuss the road to reducing Canada’s 730 million tonnes GHG to net-zero. With COP26 now behind us, the hard work of selling climate change action at home begins and Canada’s biggest bank has spent the last year […] John Pecman – Competition Law Is Not the Place to Fight Big Tech
From: John Pecman To: Canadians Concerned about Competition Date: November 8, 2021 Re: Competition Law Is Not the Place to Fight Big Tech The rocket-like rise of the tech titans has triggered a competition policy response from many of Canada’s largest trading partners, largely owing to populist angst over alleged market power and privacy concerns. In Europe and the […] Amin Mawani – Let’s Focus On Scope 1 Measures of Carbon Emissions
From: Amin Mawani To: Canadian Security Administrators Date: November 5, 2021 Re: Let’s Focus On Scope 1 Measures of Carbon Emissions The Canadian Securities Administrators (CSA) is seeking comments on its proposal for carbon emission reporting by firms listed on Canadian stock exchanges, part of the worldwide move to mandatory climate-related disclosure. In its call for consultation two weeks […] Mahboubi, Irawan – Embracing Population Aging: Staying Young Through Life-Long Learning
To: Canada’s Ministers of Employment From: Parisa Mahboubi and Ivannia Irawan Date: November 3, 2021 Re: Embracing Population Aging: Staying Young Through Life-Long Learning Population aging – accelerated by improvements in life expectancy not least – has been an unpleasant reality for policymakers around the world as working-age populations dwindle and the costs of healthcare […] A Passport to Success: How Credit Unions Can Adapt to the Urgent Challenges They Face
Credit Unions Must Go Big on Digital, Scale up to Thrive Credit unions face urgent challenges in the digital revolution, including the need for large new investments in technology and room to expand, according to a new report from the C.D. Howe Institute. With the digital revolution underway, most credit unions outside of Quebec are […] Credit Unions Must Go Big on Digital, Scale up to Thrive
Credit unions face urgent challenges in the digital revolution, including the need for large new investments in technology and room to expand, according to a new report from the C.D. Howe Institute. With the digital revolution…Ambler, Kronick – The Bank of Canada’s Welcome Inflation Blink
From: Steve Ambler and Jeremy M. Kronick To: Inflation watchers Date: November 2, 2021 Re: The Bank of Canada’s Welcome Inflation Blink The Bank of Canada’s decision last week to leave its target for the overnight interest rate at 25 basis points and end its quantitative easing (QE) program was the right call given what now seems to be […] Do we need new competition laws for Big Tech? – Financial Post Op-Ed
The rocket-like rise of the tech titans has triggered a competition policy response from many of Canada’s largest trading partners, largely owing to populist angst over alleged market power and privacy concerns. In Europe and the United States, myriad proposals driven by a “big is bad” mantra seek new laws and regulations to tame the more successful digital platform companies. Traditional laissez-faire policies that have enabled unprecedented economic growth face the prospect of a deep chill should these proponents succeed in creating greater marketplace equality for businesses at the expense of consumer welfare. Competition rules that would punish successful enterprises to pursue nebulous notions of “fairness” put at risk incentives…
Funk, Lougheed, McCrimmon, Protti – Measurement and Regulation of Methane Emissions
From: Wes Funk, Stephen Lougheed, Tracey McCrimmon and Gerard Protti To: Environment Minister Steven Guilbeault and Natural Resources Minister Jonathan Wilkinson Date: November 1, 2021 Re: Measurement and Regulation of Methane Emissions As you represent Canada at COP 26 in Glasgow over the next two weeks, there is a significant opportunity to reinforce Canada’s support […] Il est minuit moins une, que fait votre argent? – La Presse Opinion
Que fait votre argent pour sauver la planète alors que s’ouvre la COP26, la conférence de la dernière chance pour limiter le réchauffement climatique?
Une bonne partie de votre épargne, celle qui assure(ra) votre chèque du Régime de rentes du Québec, est gérée par la Caisse de dépôt et placement, qui a récemment décidé de vendre ses dernières actions dans le pétrole, mais de conserver celles dans le gaz naturel et les pipelines.
La Caisse est l’une des 295 institutions financières de 40 pays qui, collectivement, gèrent des actifs supérieurs à 90 000 milliards de dollars américains, et qui se sont engagées à atteindre la carboneutralité de leur portefeuille d’ici 2050, à se fixer une cible intérimaire pour 2030, à…
Canada has to transform its economy – or be left behind – Globe and Mail Op-Ed
Canadian governments are counting on strong economic growth to reduce debt burdens that ballooned during the pandemic. But realizing that growth depends on how well Canadian businesses adapt to rapidly changing market realities.
In the near term, Canada’s economic recovery looks promising as business activity bounces back.
In the longer term, however, Canada’s economy faces strong headwinds that are not being factored into government projections. Canada’s economic challenges go beyond slowing labour force growth and modest productivity gains. Fiscal recovery forecasts do not consider the probability of more frequent and costly natural disasters or the implications of the global economic transformation to stave off the…
Inflation and the Bank of Canada: the Bank blinks – Financial Post Op-Ed
On Wednesday, the Bank of Canada left its target for the overnight interest rate at 25 basis points and ended its quantitative easing (QE) program, which, through purchases of government bonds, had more than quadrupled its balance sheet. This was the right call given what now seems to be persistent underlying inflation.
From now on, the Bank will only purchase government bonds to replace ones that mature. Its balance sheet will stay high compared to its pre-pandemic level but, in theory, won’t grow further. Tightening monetary policy to deal with inflation above target can now come in only one of two forms: shrinking the balance sheet by selling or not replacing maturing government bonds or, more likely, hiking the overnight…