Post #3725057
2026-07-10 20:58 UTC
Canada's bank face the biggest risk?
"Canadian banks apart from their global peers, and appears to expose them to elevated financial risks associated with the energy transition"
Is this why Canda's banker led government is willing to provide yet another taxpayer funded pipeline, while the $30B cost of the previous one remains unpaid, requiring how many generations of taxpayer support?
"Canada" s oil industry in foreign owned. Supprting it suports foreign shareholders far more than ordinary Canadians
#cdnpoli
https://influencemap.org/briefing/Canada-s-Big-Five-Banks-Fueling-Fossil-Risk-33753
Replies (1)
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@pinhman@humanwords.party 2026-07-10 21:34
Meanwhile Canada’s banks made $19B in profits last year, they can fund a new pipeline and pay off TMX all by themselves. Why are taxpayers being asked to support this? “the banks hit about $19 billion in profit, up from approximately $14 billion in the same period last year.” https://www.bnnbloomberg.ca/markets/currencies/2026/02/27/big-six-banks-exceed-expectations-hit-19-billion-in-q1-profit/