Banking

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang

Bank of Canada says household debt and home prices key risks for financial system

Households have seen net worth increase of about $230,000 over the first two years of the pandemic

The Bank of Canada building is seen on Wellington Street in Ottawa, on Tuesday, May 31, 2022. The Bank of Canada will outline what it sees as the key vulnerabilities and risks to Canada’s financial system later this morning. THE CANADIAN PRESS/Justin Tang
Young investors show that long term goals are a part of their financial planning repertoire in an RBC poll. (Black Press Media file photo)

Young Canadian investors bloom in Canada during pandemic: RBC poll

Young investors seek tools to invest, save and budget smartly while also saving for the future

Young investors show that long term goals are a part of their financial planning repertoire in an RBC poll. (Black Press Media file photo)
The Bank of Canada in Ottawa on Wednesday, July 14, 2021. A new report from the Bank of Canada on climate transition risks show Canada’s financial institutions are potentially exposed to significant economic shocks from high-emitting sectors. THE CANADIAN PRESS/Sean Kilpatrick

BoC scenarios show financial sector exposed to potential climate transition shocks

The pilot study isn’t meant as a forecast but considers several climate policy scenarios

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. A new report from the Bank of Canada on climate transition risks show Canada’s financial institutions are potentially exposed to significant economic shocks from high-emitting sectors. THE CANADIAN PRESS/Sean Kilpatrick
Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

Central bank met with federal officials over 2020 to gauge the implications of own cryptocurrency

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young

Banks offer big climate commitments in 2021, but key details are yet to come

Pressure is mounting as Canadians live through the very real effects of climate change

Greenpeace activists stage a demonstration outside a bank in Toronto, as they protest major Canadian bank’s investment in fossil fuels, on Tuesday, December 7, 2021. THE CANADIAN PRESS/Chris Young
The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin

Banking’s shift to cloud gathers steam as pandemic and fintechs spur faster adoption

Move had begun before pandemic but going virtual expedited it

The Canadian flag blows in the wind in the heart of the financial district in Toronto on June 27, 2018. THE CANADIAN PRESS/Tijana Martin