Taking Stock: Amanda Lang Speaks with Intact Financial CEO

Why It Matters

Higher long-term yields and rising insolvencies signal tighter financing conditions that will raise borrowing costs for consumers and firms, intensify pressure on government finances, and heighten the need for businesses and policymakers to prioritize competitiveness and resilience.

Summary

Intact Financial CEO Charles Bindore told the Wonk podcast that the top long-term risks insurers face are climate change, escalating cyber threats and an increasingly fraught geopolitical landscape, noting China leads renewable investment and that economics will drive a transition. He urged Canada to seize a moment of opportunity by deepening U.S. ties, boosting business productivity and exporting domestic strengths. Host Amanda Lang warned that rising insolvency rates and a jump in long-term government bond yields—driven by investor fears about inflation or sovereign debt—are pushing borrowing costs higher. That squeeze is already filtering into mortgages and corporate loans, forcing households and businesses to focus on cost control and risk reduction now rather than later.

Original Description

When it comes to the risks we face, few know them better than insurance companies. Amanda Lang asks Intact Financial CEO Charles Brindamour about Canada’s top risks. Then in her Takeaway segment, Amanda dissects the relationship between the bond market, interest rates and household spending.

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