By , TORONTO (Reuters) - As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future.Capital flows out of Hong Kong banks reaching Canada rose to their highest levels on record last year, with about C$43.6 billion ($34.8 billion) in electronic funds transfers (EFT) recorded by FINTRAC, Canada’s anti-money laundering agency, which receives reports on transfers above C$10,000.The previously unreported outflows, the highest...…By , TORONTO (Reuters) - As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future.Capital flows out of Hong Kong banks reaching Canada rose to their highest levels on record last year, with about C$43.6 billion ($34.8 billion) in electronic funds transfers (EFT) recorded by FINTRAC, Canada’s anti-money laundering agency, which receives reports on transfers above C$10,000.The previously unreported outflows, the highest...WW…

By TORONTO (Reuters) - Toronto-Dominion Bank said the majority of its employees are unlikely to come back to their workplaces until at least the spring, an internal memo seen by Reuters on Thursday showed, joining rivals Bank of Montreal and Canadian Imperial Bank of Commerce in delaying a return to work sites.“A return to TD locations at scale (is) not likely until at least the spring,” Kenn Lalonde, executive vice president for human resources at Canada’s second-largest lender, said in the memo.“Should you be asked to return before then, we will continue to make every effort to provide...…By TORONTO (Reuters) - Toronto-Dominion Bank said the majority of its employees are unlikely to come back to their workplaces until at least the spring, an internal memo seen by Reuters on Thursday showed, joining rivals Bank of Montreal and Canadian Imperial Bank of Commerce in delaying a return to work sites.“A return to TD locations at scale (is) not likely until at least the spring,” Kenn Lalonde, executive vice president for human resources at Canada’s second-largest lender, said in the memo.“Should you be asked to return before then, we will continue to make every effort to provide...WW…

By The Arctic Circle “is warming significantly faster than the rest of our planet, which poses the risk of increased green-house gas releases and further warming,” Canada’s second-largest bank said in a statement.The bank’s move signals the start of a shift for Canadian lenders that have largely continued to support the fossil fuel industry even as global counterparts have distanced themselves from parts of the sector.RBC also said it will limit financing for clients with significant coal-mining operations.Oil and gas loans accounted for less than 4% of business lending at Canada’s two...…By The Arctic Circle “is warming significantly faster than the rest of our planet, which poses the risk of increased green-house gas releases and further warming,” Canada’s second-largest bank said in a statement.The bank’s move signals the start of a shift for Canadian lenders that have largely continued to support the fossil fuel industry even as global counterparts have distanced themselves from parts of the sector.RBC also said it will limit financing for clients with significant coal-mining operations.Oil and gas loans accounted for less than 4% of business lending at Canada’s two...WW…

By More than 400 brands have pulled advertising on Facebook in response to the “Stop Hate for Profit” campaign, begun after the death of George Floyd, a Black man who died in police custody in Minneapolis on May 25.Desjardins Group, Canada’s largest federation of credit unions, also said on its website on Thursday it will pause advertising on Facebook and Instagram for the month “barring any exceptional situations where we need to communicate with our members or clients.”Most cited their commitments to inclusion and diversity.Facebook has opened itself up to a civil rights audit and has...…By More than 400 brands have pulled advertising on Facebook in response to the “Stop Hate for Profit” campaign, begun after the death of George Floyd, a Black man who died in police custody in Minneapolis on May 25.Desjardins Group, Canada’s largest federation of credit unions, also said on its website on Thursday it will pause advertising on Facebook and Instagram for the month “barring any exceptional situations where we need to communicate with our members or clients.”Most cited their commitments to inclusion and diversity.Facebook has opened itself up to a civil rights audit and has...WW…