David McKayPresident and CEORoyal Bank of Canada200 Bay St.,Toronto, ONM5J 2T6 March 7, 2024 Dear Mr. McKay, When I was a young boy in the 1970s, my mother took me to the Royal Bank branch in Owen Sound, Ontario to help me to open my own account. She taught me about what banks do, and why having a savings and chequing account and sound credit […]
A more recent and, to these North American eyes, stunning example of public commitment to facilitating rather than waiting for demand is the construction of a new series of inter-urban bikeways in the Netherlands called “Snelfietsroutes” (fast bike paths), designed to make it easier, faster, and safer for cyclists to commute between and through cities. One of these bike superhighways opened in July of 2015 […]
In my first blog entry on bicycling infrastructure in the Netherlands, I provided some general comments and then emphasized separated or dedicated bike paths, including some of great routes via out-of-the way paths through forest and heath lands. But what is most important from a public policy standpoint is the more utilitarian cycling infrastructure, including bike lanes that are integrated with roadways, some of […]
“If you build it, they will come”. It is a familiar phrase, though actually a misquote from the 1989 film Field of Dreams. The actual quote is “If you build it, he will come”. But I like the misquote better. It conveys a very simple but important principle: when it comes to individual choices and behaviours, supply induces demand in important respects. Because […]
Recent Comments