Good morning! This is Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news for professionals in the financial industry, banking, credit unions, insurance, payment processing, fintech, credit card issuing, asset management, venture capital, private equity, and crypto-currencies. Every Monday, we break down the most important news in under five minutes.

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Start Date: 2025-04-27
End Date: 2025-05-03

Top Headlines

Main Stories

Canada’s Net Direct Investment Position Rises to $971 Billion

Statistics Canada reported that, at the end of 2024, the country’s net direct investment position reached $971.0 billion, an increase of $187.0 billion from 2023. The growth in Canadian direct investment abroad continued to surpass the increase in foreign direct investment in Canada. This shift may influence capital flows and investment strategies for firms operating across borders. The data release, dated April 30, provides an updated view of international investment trends relevant to the financial services sector.

Sources: Open Government Data Set: www.statcan.gc.ca

Senator Rosa Galvez Comments on RBC’s Decision to Abandon Sustainable Finance Targets

On May 2, Senator Rosa Galvez drew attention to RBC’s recent announcement that it will no longer pursue its established sustainable finance targets. Senator Galvez released a statement on social media regarding the development, which may prompt reassessment of institutional commitments within the sector. The announcement by RBC was made earlier in the week and referenced in the Senator's remarks.

Sources: Social Media: x.com