What the World Bank needs to do now

David Malpass, the US nominee for president of the World Bank, has said that the “institution must now evolve” to meet the challenges of war, pandemic and climate change. Malpass, who is currently on a tour of governments, development professionals and civil society organisations, called for private sector involvement in tackling climate change and poverty. […]

If a Canadian bank fails, how much do you get back?

Canadian bank deposits are guaranteed up to a certain amount by the Canada Deposit Insurance Corporation (CDIC), according to the Financial Post. The CDIC is a federal Crown corporation established in 1967, which currently safeguards around CAD 1tn worth of eligible deposits across more than 80 member institutions. Depositors can get up to CAD 100,000 […]