#Canadian banks

#Canadian banks

Canadian banks are potentially misleading investors with their broad use of the term 'sustainable finance' without providing sufficient evidence or data to support their claims.

Investors for Paris Compliance has filed a complaint to securities regulators, pointing out the lack of disclosure and the involvement of banks in deals with oil and gas companies whose emissions are on the rise. [ more ]

Canadian banks are setting aside more money to cover potential bad loans.

Royal Bank, TD Bank, and CIBC all reported increases in provisions for credit losses.

Despite the increase in provisions, all three banks remain profitable and have raised their dividends. [ more ]