BoC pressed to do more amid climate-change warning : vimarsa

BoC pressed to do more amid climate-change warning


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OTTAWA - Environmentalists are pressing Canada's central bank to become more forceful in driving financing towards green investments, including actively buying a proposed federal tool to fund the transition to a low-carbon economy.
The Bank of Canada building is seen in Ottawa, Wednesday, April 15, 2020. THE CANADIAN PRESS/Adrian Wyld
OTTAWA - Environmentalists are pressing Canada's central bank to become more forceful in driving financing towards green investments, including actively buying a proposed federal tool to fund the transition to a low-carbon economy.
The bank is working on issuing a federal green bond the Trudeau Liberals proposed in last month's budget, which governor Tiff Macklem has suggested could become part of the bank's purchases under certain conditions.

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