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Articles by Colin Deacon
Colin Deacon: When it comes to climate-fighting technologies, Canada can help the world save itself
The following remarks were delivered in the Senate on October 22, 2024, by Senator Colin Deacon as a response to the Speech from the Throne. In this speech, Senator Deacon makes the case for why Canada holds the potential to become home to the most effective and cost-efficient carbon dioxide removal technologies in the world.
Colin Deacon on LinkedIn: TD Bank fined $3B US after pleading guilty in historic U.S…
Colin Deacon’s Post Independent Senator, Senate of Canada 11h Edited “TD Bank created an environment that allowed financial crime to flourish. By making its services convenient to criminals, it became one.” “TD Bank chose profits over compliance in order to keep its costs down. That decision is now costing the Bank billions of dollars.” Those are the words of United States Attorney General Merrick Garland as he announced the largest ever (US$3 BILLION) penalty of its kind.
Canadians Are at the Wrong End of a Data Vacuum; Let’s Fix It
Canadians live at the wrong end of a data vacuum. Domo’s “Data Never Sleeps” report estimates that each person generates about 1.7 megabytes of data per second, equivalent to roughly 850 pages of plain text — every second. Currently, we have little control over where this data goes or who ultimately derives the greatest benefits from its use. This needs to change. Consumers are the heart of our economy, and their data is at the heart of the digital economy.
Canada Needs to Protect “weakening news outlets”: Will Bill C-18 Help Sustain a Journalism Ecosystem?
Independent Senator Colin Deacon delivered the following address on Bill C-18, The Online News Act, in the Senate chamber on March 9, 2023. Honourable Senators, the debate around Bill C-18, The Online News Act, pivoted on February 22.
Kremlin critic Bill Browder is urging Canada to find and
On Monday, I spoke at the Canadian FinTech Forum in Montreal by Finance Montréal with Paul Desmarais to discuss the future of entrepreneurship in Canada and where we need to go. Canada has a strong entrepreneurial culture, startup capacity, and a culturally diverse & creative society.
Success of Black entrepreneurship programs hinges on balancing community support with new approaches
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Opinion: The underpinnings of our digital economy urgently need an update
Mahima Poddar is the group head of personal banking at Equitable Bank. Andrew Graham is co-founder and CEO of Borrowell, one of Canada’s largest fintech companies. Colin Deacon is an independent senator for Nova Scotia who was previously a tech entrepreneur and angel investor. Some policy challenges are suited to slow, sequential action, while others demand urgency. Which is necessary for Canada’s transformation into a digital economy?
FDATA North America Canadian Financial Data Access Competition
Consumers and small businesses in Canada have become increasingly reliant on financial services and products offered by financial technology ("fintech") providers. Today, as many as fourmillion Canadians utilize fintech tools to improve and manage their financial wellbeing. Regardless of the type of product or service offered by fintech firms, all rely on the ability of the consumer or small business to grant them access to their financial data, which is typically held at a financial institution.
Opinion: Why we need a national contact-tracing app Original
The COVID-19 pandemic represents an unprecedented threat to our collective physical, mental and economic health. To date, over 8,000 Canadians have lost their lives, 8.4 million have accessed emergency income supports, countless businesses have had their viability threatened and our 2021 federal budget deficit will likely exceed $250 billion — increasing our total federal debt by 35 per cent in just one year.
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