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Columnists

Social innovation through impact investing

What if right around now a solid hunk of global finance grew out of its devilishly anti-social phase and over the next few years got a social life, fell in love and got engaged?

I know. What are the chances that we'll ever see big money flowing into shapely investment pools that genuinely promote collective health, wealth and happiness?

But then again, maybe there's a way. A significant group of Canadian financial visionaries are part of a growing global movement that says it actually can happen. Together, they're scheming to introduce a player in the capital market that defies the traditional dichotomy between seeing investment as making money and donations as doing good.

Columnists

Financial sector plays no role in deficit reduction

Ever since the 2008 financial crisis, Canadian banks have enjoyed almost heroic stature for not being like those bad Wall Street banks that collapsed, triggering a global recession.

Certainly there's been no talk of imposing higher taxes on Canadian banks, to make them help pay for the huge government deficits brought on by the financial crisis and resulting recession.

That wouldn't be fair, since our banks -- unlike the Wall Street banks -- played no role in bringing about the financial crisis.

But why doesn't that logic apply to other groups who also played no role in bringing about the financial crisis?

Why not lock in low interest rates?

| December 31, 2011
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Why is Canada breaking ranks on bankers' bonuses?

Canada likes to think of itself as the country that emerged from the financial crisis squeaky clean. Too bad it is abdicating a leadership role in creating a safer financial system going forward.

The issue is bonuses paid to top executives in the financial sector. It looks like the Europeans and Americans are pushing for consensus at the upcoming G20 meetings to adopt limitations on these bonuses. But Canada is poised to be the spoiler.

What is the fuss about bonuses? This issue surfaced in the aftermath of the financial crisis as experts sought to understand how the financial system could go so wrong so fast. Why were so many iconic financial sector firms involved in reckless activities that culminated in such a huge mess?

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