Peter Routledge, the country’s top banking regulator, has some advice for Canada

Routledge says our banks are not thinking of a new business model for a new kind of economy. That’s a big problem that could cost Canada dearly. To build this new economy, we need a new kind of financial system and it has to be a national priority if we are to be a prosperous and sovereign nation.
Peter Routledge, head of the Office of the Superintendent of Financial Institutions, testifies at the Senate Banking, Commerce, and Economy Committee. He told the Senators that our financial system is not geared up to meet the needs of the future economy.

TORONTO—Is our financial system—and especially the banks—meeting Canada’s future growth needs by providing credit and capital to our small and mid-size companies as they seek to grow, generating the jobs and wealth the country needs? The answer would seem to be ...

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