Bank Of Canada Warns Climate Change Will Have Profound Impact On Economy - Financial Post


## [Canada could be stuck with holdovers from Trump for a long time — podcast: Gabriel Friedman](https://financialpost.com/news/economy/canada-could-be-stuck-with-holdovers-from-trump-for-a-long-time-podcast)
> There’s an emerging view that the protectionist policies and tariffs on Canadian exports that characterized U.S. trade under the Trump Administration weren’t an aberration, and may not go away under a Biden administration. This week, on Down to Bu…
## [TC Energy 'repositioning' KXL with stakes from Indigenous groups: Geoffrey Morgan](https://financialpost.com/commodities/tc-energy-repositioning-kxl-with-stakes-from-indigenous-groups)
> TC Energy Corp. hopes to build support for its often-challenged, long-delayed Keystone XL pipeline with a $1-billion Indigenous minority stake announced Tuesday, which the company says is the first of many such investments to come across North America in the …
## [Bank of Canada warns climate change will have profound impact on economy - Financial Post: Reuters](https://financialpost.com/news/economy/bank-of-canada-says-canada-must-move-quickly-to-tackle-climate-change-risks)
>
  1. Bank of Canada warns climate change will have profound impact on economy  Financial Post
  2. Bank of Canada governor says country needs to pick up pace on tackling climate change  CP24 Toronto's Breaking News
  3. Risks associated with clim…
    ## [Canadian households and businesses sitting on $170 billion excess cash hoard: CIBC: Victor Ferreira](https://financialpost.com/news/economy/canadian-households-and-businesses-sitting-on-170-billion-excess-cash-hoard-cibc)
    > Frugal Canadian households and businesses have accumulated a minimum of $170 billion in excess cash throughout COVID-19 and are currently sitting on the largest cash hoard in recorded history, according to CIBC. In a report published on Tuesday, C…
    ## [Heinz bringing ketchup production back to Canada with Quebec plant expansion: Financial Post Staff](https://financialpost.com/news/retail-marketing/heinz-bringing-ketchup-production-back-to-canada-with-quebec-plant-expansion)
    > Kraft Heinz Co. is planning to make ketchup in Canada again, six years after its controversial exit from Ontario’s tomato belt pushed some Canadian shoppers to lash out and switch brands. Av Maharaj, chief administrative officer at Kraft Heinz Can…
    ## ['A coiled spring that’s about to explode:' Looks like Canadian investors' home bias may finally pay off: Victor Ferreira](https://financialpost.com/investing/a-coiled-spring-thats-about-to-explode-looks-like-canadian-investors-home-bias-may-finally-pay-off)
    > For the past decade, the biggest flaw in most Canadian investors’ portfolios has been an unreasonable “home bias” toward underperforming TSX-listed stocks, but a change in the market may be about to turn that weakness into a strength. Portfolio ma…
    ## [A $100B opportunity: Alberta could emerge as Canada's first hydrogen energy hub, report says: Geoffrey Morgan](https://financialpost.com/commodities/a-100b-opportunity-alberta-could-emerge-as-canadas-first-hydrogen-energy-hub-report-says)
    > Alberta’s hydrocarbon-based economy could be re-tooled to capture a $100-billion-per-year market in hydrogen-based energy and diversify the provincial government’s revenues away from oil and gas, according to a new report. An industrial corridor k…
    ## [New Asia-Pacific pact brings Canada’s trade myopia into focus: Kevin Carmichael](https://financialpost.com/news/economy/new-asia-pacific-pact-brings-canadas-trade-myopia-into-focus)
    > While we’ve been obsessing about the decline of the American Empire, the Asian Century has gathered pace. Fifteen nations, including China, Japan and Australia concluded almost a decade of negotiations on Nov. 15 by signing the Regional Comprehens…
    ## [Why an advisor-centric model is the disruption the wealth management industry needs: Martin Pelletier](https://financialpost.com/investing/investing-pro/why-an-advisor-centric-model-is-the-disruption-the-wealth-management-industry-needs)
    > Last week, I moderated a Calgary CFA web event entitled Wealth Disruptors featuring industry experts in the fields of alternative investing, fintech innovation and independent financial services. These are topics that I’ve spoken about numerous times in the…
    ## ['Reconciliation in Canada': The Clearwater deal marks Indigenous nations' growing clout: Gabriel Friedman](https://financialpost.com/commodities/reconciliation-in-canada-the-clearwater-deal-marks-indigenous-nations-growing-clout)
    > For 13,000 years Mi’kmaq have fished the waters of Atlantic Canada, now they are about to become a global leader in seafood
    ## [Posthaste: Great news about a new vaccine, but the rollouts are still a year away and that may be too late for many firms - Financial Post: Yadullah Hussain](https://financialpost.com/executive/posthaste-great-new-about-a-second-vaccine-but-it-may-be-too-late-for-some-firms-as-the-rollout-could-be-a-year-away)
    >
    1. Posthaste: Great news about a new vaccine, but the rollouts are still a year away and that may be too late for many firms  Financial Post
    2. Coronavirus: What's happening in Canada and around the world on Monday  CBC.ca
    3. The Daily Chas…
      ## [Moderna says its vaccine is 94.5% effective in preventing COVID-19, second in week to exceed expectations - Financial Post: Reuters](https://financialpost.com/news/economy/moderna-says-its-vaccine-is-94-5-effective-in-preventing-covid-19)
      >
      1. Moderna says its vaccine is 94.5% effective in preventing COVID-19, second in week to exceed expectations  Financial Post
      2. COVID-19: Vancouver's connection to Pfizer vaccine | Vancouver Sun  Vancouver Sun
      3. Shot in the dark: Early COV…
        ## [Currency wars have been missing during this crisis, but it only takes a spark: Kevin Carmichael](https://financialpost.com/news/economy/currency-wars-have-been-missing-during-this-crisis-but-it-only-takes-a-spark)
        > If the Bank of Canada isn’t careful, it’s going to develop a reputation for caring more about the exchange rate than it says it does. The headlines when the central bank last updated its policy on Oct. 24 focused on the expl…
        ## [Howard Levitt: Ill-advised it may be, but Whole Foods was well within its rights to ban the poppy: Howard Levitt](https://financialpost.com/executive/careers/howard-levitt-ill-advised-it-may-be-but-whole-foods-was-well-within-its-rights-to-ban-the-poppy)
        > Snowflakes beware! A workplace is not a democracy and the Charter of Rights does not apply to employer-employee relationships. An employer can tell you how to comport yourself, what rules to follow, how you style your communications with both co-w…
        ## [Why the Pfizer CEO selling 62% of his stock the same day as the vaccine announcement looks bad: Financial Times](https://financialpost.com/financial-times/why-the-pfizer-ceo-selling-62-of-his-stock-the-same-day-as-the-vaccine-announcement-looks-bad)
        > Selling the bulk of your stake never looks good, but especially when public confidence in your company is a matter of life or death
        ## [CRA extends work-from-home reimbursement to cover office equipment, not just computers: Jamie Golombek](https://financialpost.com/personal-finance/taxes/cra-extends-work-from-home-reimbursement-to-cover-office-equipment-not-just-computers)
        > At the Canadian Tax Foundation’s annual conference held in late October, the Canada Revenue Agency provided a bit of good news when responding to a couple of questions posed to them during their annual roundtable session. The first dealt with the reimbursemen…
        ## [Alberta woman, whose income has dried up and home value plunged, needs a survival strategy fast: Andrew Allentuck](https://financialpost.com/personal-finance/family-finance/alberta-woman-whose-income-has-dried-up-and-home-value-plunged-needs-a-survival-strategy-fast)
        > In Alberta, a woman we’ll call Katie, 64, is caught in a dilemma. A food marketing consultant, she has seen her former six-figure income diminish drastically during the COVID-19 pandemic. The value of her home has taken a significant hit, too. Nevertheless, s…
        ## [Cambridge Club, where Bay Street elite gather to sweat, drink and deal, facing extinction: Joe O'Connor](https://financialpost.com/news/fp-street/cambridge-club-where-bay-street-elite-gather-to-sweat-drink-and-deal-facing-extinction)
        > Clive Caldwell had a moment as a teenager when he realized with the utmost wisdom of his years what he had to do, since what he was doing as a student at Ridley College, a prestigious boarding school in St. Catharines, Ont., was getting miserable grades and, …
        ## [Trump can do a lot of damage on his way out the door: David Frum: Larysa Harapyn](https://financialpost.com/news/economy/trump-can-do-a-lot-of-damage-on-his-way-out-the-door-david-frum)
        > Author and conservative commentator David Frum speaks with the Financial Post’s Larysa Harapyn about what’s next for Donald Trump and the Republican party.

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