By making it easier for investors to seek out sustainable investment opportunities across Europe, deep and liquid capital markets could help mobilise the funds needed to finance the transition to a low-carbon economy. It is not only the quantity and availability of private capital that matters for this transformation, but also its quality.
And the forest fires in British Columbia have caused extensive financial and emotional pain. Meanwhile, the softwood lumber dispute with the United States has not been resolved. And recently, Ontario suffered through North America’s biggest-ever power outage. However, the good news is that Canadian consumers and businesses have been remarkably resilient through the past year or two in the face of all these shocks.