It says when the bank speaks people listen… I’m a bit doubtful when you consider how much the Canadian banks have invested in fossil fuels. See http://tiny.cc/r43t6y

The Bank of Canada recently announced it is joining the Network for Greening the Financial System, a worldwide forum of central banks and financial system supervisors looking to better manage the financial risks of climate change. The network launched in 2017.

“And so for two years, Canada has been absent from that international discussion,” said Kevin Quinlan, a consultant who focuses on climate change and responsible investment and an ex-chief of staff to former Vancouver mayor Gregor Robertson.

“Countries that have very different economies than Canada’s are really setting the agenda … and that’s a real disadvantage for Canada.”