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.
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.
The Canada Pension Plan Investment Board, operating as CPP Investments, said Thursday it plans to achieve the goal while continuing to invest in the whole economy, and will push for an economic transition to a lower carbon economy as an active investor.
Peter Routledge, who leads the Office of the Superintendent of Financial Institutions, said Monday that while it likely won't happen this year, it's important that banks build up capital buffers this decade to guard against potentially increasing volatility ahead.
Canadian farmers are cultivating some sustainable farming techniques that the United Nations' latest climate change report identified as particularly useful for an industry it concluded must make drastic changes to reduce greenhouse gas emissions.