Bitcoin owners in Canada are typically young, affluent speculators who score poorly in financial literacy, says Bank of Canada research. The central bank that monopolizes the printing of banknotes in Canada has to date rejected any direct involvement in cryptocurrency: “The size of this market is not big enough to pose significant risks to the financial system. However this may change quickly.”
Monthly Archives: May 2022
Bought Stock In Jakarta Coal
The Canada Pension Plan Investment Board says it is determined to “slow the pace of global warming” but did not explain its million-dollar investment in an Indonesian coal mine. Cabinet has promised to withdraw all federal investments in coal, oil and natural gas: “We do believe climate change is happening.”
MPs Quietly Endorse Taiwan
The Commons health committee by unanimous vote has endorsed Taiwan’s bid for membership in the World Health Organization. MPs passed the motion without notice or debate and quietly tabled it in the Commons: “I’m seeking the unanimous consent.”
Button Is Too Hot For House
An Alberta MP’s “I love Canada” button prompted formal protest in the Commons. Conservative MP Martin Shields (Bow River) expressed dismay that the slogan would cause offence: “If people in the House disregard their love for Canada I have a problem with that.”
Promise Slave Labour Reform
Cabinet will “eradicate” slave-made imports already banned under the Customs Act, says Public Works Minister Filomena Tassi. The pledge follows the Senate’s approval last Thursday of a private bill mandating public reporting on ethical contracting by large Canadian corporations: “What are you doing in ensuring Canada is procuring ethically sourced goods?”
Agency Fines Bank $486,750
The Laurentian Bank has been fined almost a half million for breach of a 9/11-era disclosure law. Bank management in Montréal was cited for failing to report suspicious cash transactions: “We will be firm. We will take appropriate actions when they are needed.”



