Stay updated with breaking news from Ben Gully. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As Canada’s financial authorities work to help their sector develop climate policies meant to mitigate impacts on the economy and financial system, the “cure” could be worse than the potential climate-related risks themselves, an economist says.
Scenario analysis finds that delaying policy action raises the economic and financial sector impacts
Scenario analysis finds that delaying policy action raises the economic and financial sector impacts
Canada’s 2050 Net-Zero Climate Goal Means Big Spending and Risks, Say Industry, Analysts Banks’ lending to oil and gas sector under scrutiny due to climate change risks News Analysis As oil and gas investment faces growing scrutiny worldwide, Canada is seen as being particularly vulnerable in its transition to a lower carbon footprint. Nevertheless, its industry says it still has a vital role to play as investments appear likely to start shifting away from new fossil fuel projects in favour of research and innovation targeted at cutting emissions. “CAPP encourages any groups who are red...
James Langton Amid calmer markets, the Office of the Superintendent of Financial Institutions (OSFI) is unwinding regulatory relief that was introduced in response to the disruption caused by the onset of the Covid-19 pandemic. OSFI said that adjustments to the market risk capital requirements for banks that were adopted last spring to bolster their financial and operational resilience will now be unwound on May 1. The relief introduced in response to the pandemic included a reduction in the stressed value at risk (SVaR) multiplier, which ensures that adequate capital is held against periods ...