The Canadian Securities Administrators (CSA), the umbrella group representing Canada’s securities regulators, has paused its work creating rules for how companies it oversees report and manage financial risks related to climate change and diversity factors. The regulator cited risks to Canada’s competitiveness in light of the “rapidly and significantly” changing geopolitical landscape in the U.S. and globally. (The Logic)

Talking point: U.S. President Donald Trump’s re-election fuelled an intense backlash to environmental, social and governance considerations in business. Several of the country’s largest companies—including Walmart, Meta and Disney—have walked back diversity initiatives, while U.S. and Canadian banks have fled major global climate alliances. The U.S. Securities and Exchange Commission is rolling back its climate rules, and voted last month to stop suing companies that don’t disclose their carbon emissions. “In response, the CSA is focusing on initiatives to make Canadian markets more competitive, efficient and resilient,” chair Stan Magidson said in a press release.