Benefits Canada’s inaugural Investor Insight Breakfast, held on Jan. 10 in Toronto, highlighted the expectations and projections for the 2019 investment climate, including opportunities for the pension industry. Here are some of the highlights of the sessions: A look at macro trends driving DB pension investment strategies It’s too early in the rise of populism […]
For those worried the cycle is about to turn, it’s important to remember there’s no established length for a market cycle, said Avery Shenfeld, managing director and chief economist at CIBC, during a panel at Benefits Canada‘s and the Canadian Investment Review‘s inaugural Investor Insight Breakfast in Toronto on Jan. 10. Indeed, the typical recession signposts have yet […]
While a defined benefit pension plan’s main goal is to provide steady income for retirees, in doing so they also provide substantial benefits to local, state and national economies, according to a report by U.S.-based National Institute on Retirement Security. In 2016, retired Americans received US$578 billion in pension benefits with $294.7 billion paid to retired state and […]
The Caisse de dépôt et placement du Québec is entering into a strategic partnership with Mila, the province’s artificial intelligence institute, to support and accelerate the development of AI in Quebec. Mila will set up the new Axe IA in the O Mile-Ex complex in Montreal. The projects chosen to be housed there will have to demonstrate their potential for […]
Household debt and high housing prices are complicating an otherwise fairly rosy picture of the Canadian economy, said Stephen Poloz, governor of the Bank of Canada, in a speech hosted by the CFA Society Toronto on Thursday. The bank’s most recent rate decision, which took place on Wednesday, maintained the current rate of 1.75 per cent. […]
Emerging market equities are expected to show the heftiest returns in 2019, underpinned by a stronger economic background, said William Yun, executive vice-president at Franklin Templeton Multi-Asset Solutions, at an event in Toronto on Tuesday. While the asset class is still muted compared to returns 20 years ago, the investment firm is working with the forward-looking outlook that emerging market […]
Tension between pension adequacy and sustainability is growing across the world, according to the annual Melbourne Mercer Global Pension Index. The Netherlands and Denmark have the best global pension systems, with scores of 80.3 and 80.2, respectively, and both achieving A grades. They scored highly on adequacy and sustainability, while other European countries, such as Austria, […]
Nearly half (46 per cent) of Canadian employees said financial stress is impacting their workplace performance, according to a new survey by the Canadian Payroll Association. The survey also found that Canadian employees are more concerned with work-life balance (33 per cent) than they are with earning higher wages (26 per cent). This is especially true of […]
Global growth on track for 2018, despite challenges: report
Our interview with Harvard professor, Nicholas Burns.