Banks are using the term "sustainable finance" too broadly and not backing up the claims with data, Investors for Paris Compliance said in its submission Tuesday to the Ontario Securities Commission and the Autorité des marchés financiers of Québec.
Nikkei Asia, a Japanese news outlet, reports Honda is considering building both a vehicle and battery plant in the country as part of efforts to catch up in the electric vehicle market.
The minister's approval comes with conditions on RBC, including that none of HSBC Canada's 4,000 employees be fired within six months of the closing date, or two years for front-line staff, and that banking services continue to be provided at a minimum of 33 HSBC branches for four years.
Regulators around the world are increasingly forcing them to disclose their carbon emissions, along with other key climate change considerations such as how much financial risk they face.
Federal Conservative Leader Pierre Poilievre said Monday that he is pushing for a full inquiry into the issue to find out how many workers the company plans to bring in from abroad.
The federal government has released proposed guidelines, submitted to it by an independent group of finance experts, on what investments should be considered worthy in the fight against climate change.
In the North, some mines risk leaking acid if the permafrost melts, while across Canada heavier rainfall will add strain to tailings dams and a lack of it could throw operations.
High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said on Thursday, June 9, 2022.
Emergency crews rushed to restore power and clear roads on Sunday, May 22, 2022, a day after a deadly and destructive storm swept across southern Ontario and Quebec, though officials cautioned that some of the outages could take days to resolve.