Subprime crisis background information

Minister Bibeau announces Food Waste Reduction Challenge finalists for the Novel Technologies Streams

Retrieved on: 
Monday, January 16, 2023

OTTAWA, ON, Jan. 16, 2023 /CNW/ - Today, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced the six finalists of the Novel Technologies Streams for the Food Waste Reduction Challenge.

Key Points: 
  • OTTAWA, ON, Jan. 16, 2023 /CNW/ - Today, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced the six finalists of the Novel Technologies Streams for the Food Waste Reduction Challenge.
  • The six finalists of the Food Waste Reduction Challenge - Novel Technologies Streams are proposing original solutions to this problem.
  • -  The Honourable Marie-Claude Bibeau, Minister of Agriculture and Agri-Food
    The Food Waste Reduction Challenge's Novel Technologies Streams entries were evaluated against established criteria, including potential volume of food waste reduction, level of innovation and scalability as well as environmental, social and economic benefits.
  • For the list of the Novel Technologies Streams' finalists, please see the Backgrounder or visit the Food Waste Reduction Challenge website .

EDC sets science-based climate targets and sustainable finance objectives 

Retrieved on: 
Tuesday, July 19, 2022

OTTAWA, July 19, 2022 (GLOBE NEWSWIRE) -- Export Development Canada (EDC) is announcing two new science-based, sector-specific climate targets for its business portfolio, as well as several sustainable financing objectives.

Key Points: 
  • OTTAWA, July 19, 2022 (GLOBE NEWSWIRE) -- Export Development Canada (EDC) is announcing two new science-based, sector-specific climate targets for its business portfolio, as well as several sustainable financing objectives.
  • These interim targets build on the carbon reduction targets EDC has been setting, refining and surpassing since 2019.
  • Since committing to net zero by 2050, EDC has grown its experience and knowledge in the sustainable finance space.
  • EDC will continue to grow its product offerings related to sustainable financesuch as the recently announced BMO-EDC Sustainable Finance Guarantee.

Niagara Peninsula Aims for Ontario’s First UNESCO Global Geopark Designation

Retrieved on: 
Friday, April 22, 2022

Oshawa, April 22, 2022 (GLOBE NEWSWIRE) -- TORONTO, April 22, 2022With support from the Greenbelt Foundation, Niagara Peninsula Aspiring Global Geopark (NPAGG) is aiming to secure a UNESCO Global Geopark designation and has developed a broad partnership that includes tourism, conservation, academic, agricultural and Indigenous organizations.

Key Points: 
  • Oshawa, April 22, 2022 (GLOBE NEWSWIRE) -- TORONTO, April 22, 2022With support from the Greenbelt Foundation, Niagara Peninsula Aspiring Global Geopark (NPAGG) is aiming to secure a UNESCO Global Geopark designation and has developed a broad partnership that includes tourism, conservation, academic, agricultural and Indigenous organizations.
  • Following approval, the Niagara Peninsula will become Ontarios first UNESCO Global Geopark and the sixth in Canada.
  • A first in Ontario, the Niagara Peninsula Geopark will increase local and eventually international visitors while enhancing understanding of these lands and why they are protected.
  • A UNESCO Global Geopark is not a formal legislative designation, nor a new category of protected area or landscape.

Minister Bibeau announces Food Waste Reduction Challenge semi-finalists for the Novel Technologies Streams

Retrieved on: 
Thursday, January 20, 2022

Minister Bibeau met virtually with the semi-finalists and listened to their innovative food waste reduction solutions.

Key Points: 
  • Minister Bibeau met virtually with the semi-finalists and listened to their innovative food waste reduction solutions.
  • The Novel Technologies Streams is focused on technological solutions to food waste to extend the life of perishable food, transform food waste and accelerate their advancement in the Canadian market.
  • For the list of the Novel Technologies Streams' semi-finalists, please see the Backgrounder or visit the Food Waste Reduction Challenge website .
  • The Food Waste Reduction Challenge is part of the first-ever Food Policy for Canada, which serves as a roadmap for a healthier and more sustainable food system in Canada.

Equality for all: with the rise of investment platforms, individual investors can now access private debt deals alongside large institutional players

Retrieved on: 
Wednesday, April 7, 2021

The volume of issued private debt, addressing these financial gaps, is growing rapidly and has developed into a regulated mature investment asset class.

Key Points: 
  • The volume of issued private debt, addressing these financial gaps, is growing rapidly and has developed into a regulated mature investment asset class.
  • The financing gap remains large, and will drive more local and international private debt investors to the market."
  • Investors thus should decide whether to lend directly to private borrowers or invest through platforms that offer structured and securitized private debt investment products.
  • The research further explores the types of private debt opportunities and key factors to consider when choosing the right party to invest with.

Lenders' Profit Outlook Dips as Mortgage Rates Rise and Competition Heats Up

Retrieved on: 
Thursday, March 11, 2021

However, looking ahead to the next three months, purchase mortgage demand expectations rose substantially across all loan types compared to the prior quarter.

Key Points: 
  • However, looking ahead to the next three months, purchase mortgage demand expectations rose substantially across all loan types compared to the prior quarter.
  • "This quarter, the largest net percentage of lenders in the survey history are expecting a decrease in their profit margin outlook.
  • The recent rise in the 10-year Treasury yield is putting some upward pressure on mortgage rates.
  • However, in the longer term, continued upward pressures on interest rates would likely dampen home sales and mortgage originations as lenders raise mortgage rates.

Consumer Credit Activity Continues to Rise from Pandemic Lows; Auto Loan Subprime Performance Lags

Retrieved on: 
Thursday, February 18, 2021

On the surface, the consumer credit market is performing quite well.

Key Points: 
  • On the surface, the consumer credit market is performing quite well.
  • However, the performance of those accounts still in accommodation will help shape the true consumer credit picture.
  • However, originations activity for credit cards and personal loans have dropped by approximately 30% in the last year.
  • A tightening in auto lending standards would generally be the primary reason for such a precipitous drop in subprime origination activity.

Financial Health Startup SeedFi Launches and Announces $65 Million in Funding to Help Underserved Americans Build Credit and Savings to Accelerate Their Economic Progress

Retrieved on: 
Wednesday, February 17, 2021

SeedFi , the financial health startup helping Americans build credit, save money, access funds, and plan for the future, launched today and announced it has raised $65 million in funding, including $15 million in equity and $50 million in debt.

Key Points: 
  • SeedFi , the financial health startup helping Americans build credit, save money, access funds, and plan for the future, launched today and announced it has raised $65 million in funding, including $15 million in equity and $50 million in debt.
  • SeedFi's mission is to help Americans break the cycle of debt and realize their financial potential.
  • "SeedFi is on a mission to help Americans achieve long-term financial health and has a powerful platform for broader financial inclusivity.
  • SeedFi is the financial health startup helping Americans build credit, save money, access funds, and plan for the future.