One of the big questions in Ottawa’s recent decision to merge the Canadian International Development Agency (CIDA) with the Department of Foreign Affairs and Trade surrounds the future of CIDA’s microfinance programs. Will the mandate of Canadian commercial interests spell the end of Canada’s publicly-funded microfinance initiatives?
When investment decisions are made, how much say does the community have? What do Canadians think about sustainability? What do people working in major financial institutions think about income inequality? Register now for the Canadian Responsible Investment Conference 2013.
Surprise, excitement, admiration – I felt all these emotions listening to Edward Jackson and Karim Harji speak last month about impact investment in the Canadian context. Being entirely immersed in this sector in the U.S. and Europe, I came to Toronto for the Aga Khan Foundation Canada’s (AKFC) launch of its Seminars on Innovative Financing for Development, with the impression that impact investing in Canada was - at best - a long-term proposition.
You'd never know it from the pages of business press, but the corporate model isn’t the only way to do business. The fact is that some of Canada's most successful and innovative companies are neither share capital corporations nor private firms. They are co-operatives. Co-operatives like Mountain Equipment Co-op, Federated Co-operatives, Gay-Lea Foods, The Co-operators as well as your local credit union or caisse populaire.
Purpose Capital is our response to the challenge presented by fragmentation along the value chain of impact investment and advisory.