Canadian banks face squeeze between climate expectations and market pressures

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Canada\u0027s banks have been moving away from oil and gas but not with the urgency activists want. Read more

“I think for the most part, what they find is there just aren’t a lot of renewable energy or sustainable projects to fund that meet their risk-return characteristics,” he said.

The accountancy firm found that in the second quarter, lending growth slowed to five per cent quarter over quarter, compared with an average of 8.3 per cent in the past two years.Article content

 

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