Corporate governance - Vigil

In Alberta, successive governments over decades have avoided imposing a provincial sales tax, a key part of the province’s identity as a low-tax jurisdiction. In Quebec, successive governments over decades have kept electricity rates artificially low, a key part of that province’s belief in hydroelectric power as a benefit to be shared.

As a result, ESG disclosure – whether mandatory or voluntary – by Canadian public companies is becoming a norm demanded by institutional investors in Canada and around the world as they decide where they will allocate their investment capital.

China is targeting at least 6 per cent growth this year, reflecting the government’s confidence in the wake of its successful containment of the coronavirus pandemic in the world’s second-largest economy.

The federal debt is projected to almost double to 202% of gross domestic product by 2051, the Congressional Budget Office said Thursday, reflecting rising costs for healthcare and debt service.

Our glass-ceiling index shows some progress in some places. But not enough

Some commentators view the bond market’s current preoccupation with inflation as posing a serious problem for the Bank of Canada. It needn’t be. Inflation is the one problem that Canada’s central bank is pretty much built to handle.

Mednow Inc., a Vancouver-based telemedicine company, is expected to list on the TSX Venture Exchange in coming days, according to sources, joining a wave of technology companies in the health care space that have taken to the public markets since the pandemic began.

CIBC Chief Economist Avery Shenfeld speaks about what to expect with the economy still in critical care from the pandemic

FedEx will spend $2 billion in “initial investments” to become carbon neutral by 2040, the company announced today. The move comes as many of the world’s biggest automakers are also pledging to phase out carbon-emitting vehicles within the next several decades

The new CEO takes over Monday with two major goals: simplify the bank and make regulators happy

Government will boost taxes after economy recovers to repair public finances, reversing long decline in levies since Thatcher era

Food delivery group’s plan follows review of UK listing rules and is expected to be one of City’s largest in 2021

Royal Dutch Shell is changing the senior leadership of its operations in Britain as part of a global overhaul to cut costs and shift away from oil and gas to renewables and power.

The company will shutter at least 60 Disney Store locations in North America before evaluating potential closures in other parts of the world.

Pushing member states to address salary disparities between men and women, the European Union revealed details on Thursday of a proposed law that would require companies to divulge gender pay gaps and give job candidates access to salary information in employment interviews. It also would provide women with better tools to fight for equal pay.

Firms say strategy would allow faster return to full capacity, but public health experts warn it could steer limited shots to the middle class and wealthy

Ireland lured big tech and pharma companies to its shores with its low taxes. When the pandemic struck, that paid off handsomely.

Glass Lewis became on Friday the second major proxy advisor to recommend shareholders vote in favour of an independent investigation into allegations that investors were pressured ahead of last year’s annual general meeting.

Mark Machin already had one foot out the door of Canada Pension Plan Investment Board when he was forced, under pressure, to resign as chief executive officer last week after receiving a COVID-19 vaccination in the United Arab Emirates.

The federal government is ramping up plans to move Canada’s public transit fleets from diesel to electric buses with a dedicated $2.7-billion fund.

Money managers are pushing for a revision of a Labor Department rule that effectively bars socially focused funds from many retirement plans

David Jardine is the senior vice president, Internal Audit at bp plc and a member of ICAEW’s Internal Audit Panel. He explains why CEOs and CFOs need to engage with the Chartered Institute of Internal Auditors’ (CIIA) Code of Practice and why it’s not just for internal audit teams.

Central bankers have said they aren’t worried about a pop in longer-term bond yields. If they do become concerned, they have some options.

The federal minimum wage, adjusted for inflation, is at its lowest level in more than a decade and at nearly the same level as in 1954. The height of the minimum wage’s buying power came in 1968, when it was $1.58 an hour, or nearly $12 an hour in today’s dollars.

Studies of millions of people, with the same place and time, provide fairer comparisons than clinical trials do