Environmentalists are pressing Canada’s central bank to become more forceful in driving financing towards green investments, including actively buying a proposed federal tool to fund the transition to a low-carbon\u00a0economy.<\/p>\n
The bank is working on issuing a federal green bond the Trudeau Liberals proposed in last month’s budget<\/a>, which governor Tiff Macklem has suggested could become part of the bank’s purchases under certain conditions.<\/p>\n
That activity would include purchasing things like green bonds.<\/p>\n
\u201cCentral banks have a huge amount of power here,\u201d Speers-Roesch said.<\/p>\n
Macklem said Thursday that he expected high interest from investors.<\/p>\n