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Bank of Canada Sees Climate Change as the Key Threat to the Country’s Economic Future

May 17, 2019 – When back in the late 1960s there was a break-in at the Watergate apartments in Washington, DC, reporters investigating the potential link to the White House were advised to “follow the money.” It turned out that money does talk when it comes to uncovering a cover-up, as well as the reality of climate change.

In yesterday’s financial system health report from the Bank of Canada, it elevated climate change to be the key threat to Canada’s economy and the country’s future. You heard it, climate change was a greater threat than the affordability of housing, credit card indebtedness, the opioid crisis, pipelines, and even Western or Quebec separatism.

The report stated, “Economic activity and the environment are intertwined,” and that global climate change “has growing implications for the economy.”

lenrosen4
lenrosen4https://www.21stcentech.com
Len Rosen lives in Oakville, Ontario, Canada. He is a former management consultant who worked with high-tech and telecommunications companies. In retirement, he has returned to a childhood passion to explore advances in science and technology. More...

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