April 18, 2025

environment

Banking

Questrade inches closer to winning Canadian banking licence

Questrade Financial Group Inc. moved a step closer to obtaining a banking licence in Canada, entering the final phase of a rigorous process to earn approval from the federal banking regulator. The Office of the Superintendent of Financial Institutions, or OSFI, published a notice on Friday that said the government had issued letters patent –

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Funds

Chevron funds to potentially pay off millions in Richmond pension debt – The Mercury News

In what officials say would be a financially responsible move, the city may use a portion of a $550 million payout from Chevron to settle some of its unfunded pension liabilities. An annual $50 million payment from the Chevron Richmond Refinery will flow into Richmond’s general fund for the next 10 years as part of

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Funds

Mass. takes $50M hit as Trump admin delays funds for lead pipe replacement

Leaders across state government lashed out at the Trump administration on Tuesday as the White House delayed more than $50 million in funding earmarked to help replace lead pipes across Massachusetts. The “thoughtless” delay will put kids at risk and jeopardize construction jobs across the Bay State, Gov. Maura Healey, state Treasurer Deborah Goldberg, and

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Mortgage

Mortgage Rates Are Going Down. That’s Not Necessarily a Good Thing.

Mortgage rates are trending downward from recent peaks. They could fall further if the economy continues to slow and the Fed cuts rates. However, that might not make it much easier to buy a house, some experts say. It’s getting cheaper to borrow money to buy a house. But would-be homebuyers shouldn’t celebrate prematurely. Lower

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Banking

Is the Net Zero Banking Alliance in jeopardy with Trump 2.0?

(© kamonrat – stock.adobe.com) The Net Zero Banking Alliance is a partnership of banks dedicated to reaching net-zero greenhouse gas emissions by 2050. The Alliance was assembled in 2021 by the U.N. Environment Programme and plays an important role in discouraging the use of fossil fuels, especially throughout the financial sector. Recently, six major U.S.

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Finance

How Mark Carney’s choice of finance minister shows he wants to shake things up

Open this photo in gallery: Mark Carney was sworn in as Canada’s prime minister on March 14, taking charge of a country rattled by a breakdown in U.S. relations since President Donald Trump’s return to power.DAVE CHAN/AFP/Getty Images Mark Carney wants to move fast and build things. There was nothing subtle about the new Prime

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