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Banks and credit unions: what sets them apart?

There are differences when it comes to financing fossil-fuel projects, technology investments, deposit guarantees, and overall risk-taking by Charlie Smith on March 31st, 2021 at 4:52 PM 1 of 4 2 of 4 Back in the mid-1990s, there was a very public battle between the Canadian Bankers Association and one of B.C.’s biggest credit unions. It erupted after Richmond Savings (which later become part of Coast Capital) launched an advertising campaign lampooning a fictitious “Humungous Bank”. It was led by greedy, uncaring executives eager to fatten profits at the expense of customers. The CBA was particularly vexed over the credit union’s tag line, “We’re not a bank. We’re better.”

B C condo insurance crisis continues in 2021, but faint signs of hope for unit owners

Construction cranes tower above condos under construction near southeast False Creek in Vancouver last year. Strata insurance prices have continued to escalate at an alarming pace since late 2019 as insurers fled B.C.’s market. The province promised a slew of changes to deal with the rising cost, but most have yet to come into effect. THE CANADIAN PRESS VANCOUVER There are early signs the condo insurance crisis might be easing in 2021, but it is far from stopping: Multi-unit developments are entering a second year of high insurance premiums and deductibles, creating financial hardship for many homeowners and major headaches for strata councils.

B C condo insurance crisis continues in 2021, but faint signs of hope for unit owners

Construction cranes tower above condos under construction near southeast False Creek in Vancouver last year. Strata insurance prices have continued to escalate at an alarming pace since late 2019 as insurers fled B.C.’s market. The province promised a slew of changes to deal with the rising cost, but most have yet to come into effect. THE CANADIAN PRESS VANCOUVER There are early signs the condo insurance crisis might be easing in 2021, but it is far from stopping: Multi-unit developments are entering a second year of high insurance premiums and deductibles, creating financial hardship for many homeowners and major headaches for strata councils.

Condo insurance crisis continues in 2021, but faint signs of hope

Condo insurance crisis continues in 2021, but faint signs of hope
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