CIBC

Canadian banks, insurance companies and asset managers have pumped millions into Russian-owned oil and gas companies that have flowed into the petrostate’s war chest.

Canadian banks are using “strategic philanthropy” to paper over growing climate concerns in an attempt to lock in young customers for life.

The Glasgow Financial Alliance for Net Zero say it wants to align capital with a net-zero world. Or as its leader Mark Carney describes it, the new “plumbing” for the world’s financial system to ensure green investments flow.

As far as activists are concerned, key investment numbers tell the story of a Canadian banking sector that says one thing publicly but continues to invest in fossil fuels away from the spotlight.

The original Line 3 pipeline is responsible for the worst inland spill in U.S. history, and even before oil has begun to flow, the new pipeline has caused 28 drilling fluid spills into 12 river crossings, writes Evelyn Austin.

Canadian banks have financed oil, gas, and coal companies to the tune of nearly $700 billion since the Paris Agreement was signed, and could be more at risk than they’re letting on.

Those holding our savings and mortgages and controlling the flow of money into coal, oil and gas — RBC and the rest of Canadian banking gang — need to wake up and smell the CO2, writes Richard Brooks, climate finance director with Stand.earth.

The Canadian economy sprinted to the finish line of 2020 with nearly double-digit growth in the fourth quarter, ending its worst year on record on a strong note that has continued into the start of 2021.

Two Canadian investment leaders endorsed a transition to clean energy at a virtual Davos World Economic Forum on Wednesday, January 27, 2021, as more investors worldwide push for concrete sustainability commitments.

The pace of Canada's economic rebound from the COVID-19 pandemic slowed in July, and maybe even more in August, Statistics Canada says, suggesting the country is in what experts described as a long, choppy path to recovery.

The good news is that Canada added 246,000 jobs in August. The bad news is that's still 1.1 jobs short than before COVID-19 hit our economy.

Canada's oilfield services sector is in for "an immense amount of pain" over at least the next year thanks to low North American oil and gas exploration activity amid a worldwide glut of cheap crude, according to a report from CIBC.

COVID-19 will have a more profound impact on the world than the Sept. 11 terrorist attacks on the United States nearly two decades ago, says the chief executive of the Canadian Imperial Bank of Commerce.

Canada's central bank cut another half-point off its key interest rate in an emergency move that comes ahead of what the federal Liberals say will be a "significant" stimulus plan to cushion the economic blow from COVID-19.

Analysts expect to see lower Canadian oil production this year as producers follow the example of Cenovus Energy Inc. in slashing capital spending budgets amid tumbling oil prices.