Bank of Canada for first time flags climate change as financial risk

OTTAWA — The Bank of Canada is highlighting its growing concerns about the challenges of climate change for the economy and the financial system.

The assessment is part of the Bank of Canada’s annual report card that explores key weak spots and risks surrounding the stability of the financial system.

So apparently scientists telling us about climate change risks know nothing but The Bank Of Canada does and we should all sit up and take notice. Our society is backwards facing.

Not for long.

Inflation because of CO2 tax ... just wait, next will be interest rates rising, Warren Buffet is not concerned about climate change re: fin risk

Really? How about runaway deficits and debt?

Poloz flip flopping from 3 weeks ago ? , and now talking about climate change? Glad to hear he’s being replaced... His considerations are ridiculous, Is there any part of our bureaucracy that’s not corrupt?

First time I ever took a flex rate on mortgages and my cost is 1% more in less then 2yrs. I am nervous about more punishment. I shouldn't have listened to the bank clerk who said I likely safe with a flex. BankOfCanada

God that is unbelievably stupid

Insurance companies have seen the bottom line for the future . They are pushing the change.

EvanLSolomon

Really 2 separate risks. Yes climate change always has been & will continue 2 b a risk 4 insurance companies but can b managed. Green deals r agenda driven socialist programs that create an even larger danger 2 economy

Not the first time the bank of Canada has been wrong.

Trudeau is the financial risk

EvanLSolomon Virtue signalling.

The climate change tax scam is a risk to Canada's finances...

EvanLSolomon Hey deniers — check this shit out! I always point to insurance companies and actuaries to prove this is real. Maybe deniers can have a similar look at the industry and finally see the truth?

True, climate change IS a financial risk, for all participants at the bottom of the Ponzi pyramid.

Climate change: the scam that keeps on giving.

Of course Trudeau wants to make it an election issue - why are arms length government institutions in the tank for Trudeau

🙄

Of course they did, money money money, that's what it's all about isn't it!

Meaning, the hysterical actions of climate fatalists will create risks.

Of course they do. The emergency is the Trudeau government needs more revenue.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Bank of Canada is pushing a private mortgage-backed securities market — but is anybody buying?Demand for such investments, which still carry the stigma of the financial crisis, appears to be scarce
Source: nationalpost - 🏆 10. / 80 Read more »

Household debt, housing worries easing but other concerns persist, Bank of Canada saysThe central bank says Canadians are borrowing less and the Toronto, Vancouver housing markets have cooled but the risk to the financial system has ‘slightly’ increased globebusiness Hey, the household debt will balance itself. globebusiness Household debt has not eased you idiot it takes more than a couple months for that... globebusiness What is he and his ilk going to do about the Financial capitalists that are literally destroying world economy?
Source: globeandmail - 🏆 5. / 92 Read more »

The Bank of Canada is underestimating the housing slump, Capital Economics warnsDevelopers are having a harder time securing their projects, senior economist says, which will bruise employment and consumption
Source: nationalpost - 🏆 10. / 80 Read more »

Mantha, Turris power Canada past Britain at world championships - Sportsnet.caAnthony Mantha and captain Kyle Turris had two goals apiece in Canada's dominant 8-0 rout of Great Britain on Sunday at the men's hockey world championships. whoop-de-doo, we beat GB. Tbf, only 8-0 is a great result for us 😂 🇬🇧 Lets face it if you didn't beat GB there is something wrong. GB are punching above their weight.
Source: Sportsnet - 🏆 57. / 59 Read more »

Gwyneth Paltrow's Goop to open first Canadian pop-up MRKT in TorontoGwyneth Paltrow's controversial lifestyle brand is opening its first Goop pop-up MRKT in Canada. Please no...we don't need her selling her fake 'health' garbage here in Toronto. Magic stickers, vagina eggs...no thanks. She was good at one thing - playing Pepper Potts in the MCU. Toronto is garbage why is it these people can’t give other areas a try Thanks for the heads so I can avoid her and her wacky ‘health’ ideas. Canada doesn’t and shouldn’t support these grifters
Source: CP24 - 🏆 30. / 67 Read more »

How much do we owe against our homes? Not even the Bank of Canada knows for sureIt’s one of the biggest questions hanging over Canada’s record household debt
Source: nationalpost - 🏆 10. / 80 Read more »

Good Idea? Interest-Only Mortgages Have Come To CanadaCanada's 'boring' financial system kept us out of trouble during the financial crisis. Now they want to make things interesting. Uh oh. They have been here for years, Manulife, I had one with them 15 years ago. They do that here in South Korea buy it's only 1 year of interest payments. No biggie as long as you stay informed before you sign. It gives you a bit of a break to settle down, furnish your home, etc before the larger payments start.
Source: HuffPostCanada - 🏆 61. / 53 Read more »