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OSFI – XtremeCuztoms

Tag: OSFI

What Could Be in Store for Canadian Home Prices

Canada’s housing market has good reason to be rising despite 4.5 percentage points of Bank of Canada interest rate hikes since March last year. But policy-makers are taking steps to contain risks stemming from the housing market and analysts expect prices to start dropping. “I’m pretty sure the Bank of Canada is not happy seeing…


Banks at Greater Reputational, Legal Risk From Global Climate Pledges

News Analysis Canada’s big banks have been incorporating climate considerations into the core of their operations, but are starting to get nervous about the legal and reputational risks stemming from commitments made to global climate-related coalitions they voluntarily joined. Much of the issue centres on financing high-emitting sectors, with global alliances taking a much harsher…


Costs, Risks of Green Transition Could Stem From Climate Policy Not Climate Risk Itself, Says Economist

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.


Focus on Financial Regulation to Mitigate Climate Change Alarms Experts

To begin to access the trillions of dollars needed to transition to green energy, policy-makers are increasingly justifying climate change as a threat to the financial system and using regulation to steer funding away from fossil fuels.