Canada’s stock market watchdogs to review climate change public disclosures + MORE Mar 21st

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Lawrence Schembri said sluggish business investment is a major downside risk to the Bank of Canada’s inflation outlook

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Three funds that consistently beat their benchmarks have low fees, a low profile and low excitement

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Canada’s main stock index fell as declines in banks, airlines and energy stocks dragged heavily on the market.

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The regulators of Canada’s stock markets are taking a fresh look at how publicly traded companies disclose the risks and financial effects associated with climate change.
The Canadian Securities Administrators, which represents the country’s provincial and territorial stock regulators, says it wants to gather information on the current state of disclosure both at home and internationally.
Canadian publicly traded companies are required to disclose material risks, which may include the impact of climate change or other environmental matters.
However, the CSA notes that the Financial Stability Board _ which sets voluntary standards on a global scale _ proposed a new framework for disclosures in December.
CSA staff will consult investors and companies that are required to report important information and report its findings upon completing the review.
Bank of Canada deputy governor Timothy Lane warned earlier this month that the economy and financial system could face “material and pervasive” impacts from climate change…

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Freshii has made an ostentatious bid to lure franchisees away from rival Subway as it looks to more than triple its footprint over the next two years.
Matthew Corrin, founder and CEO of the Toronto-based restaurant chain, released an open letter Tuesday to Subway franchisees with a “sincere proposal” to convert some of their submarine shops into Freshii outlets.
“This is not a takedown,” Corrin said in an interview.
Subway, which operates more than 44,000 restaurants in 112 countries, could prosper if it unloaded 14,000 locations, Corrin said. He estimates willing franchisees can make the switch for US$75,000 per store.
“What that requires is Subway’s blessing,” he said.
Subway, a private company headquartered in Milford, Conn., did not respond to a request for comment Tuesday.
As of Sept. 25, 2016, Freshii had 244 stores in 15 countries, according to financial documents. In February, a month after it went public, Freshii announced it would enter the United Kingdom in its efforts to grow to 840 locations worldwide by the end of 2019…

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