recession – Benefits Canada.com

Path to economic recovery filled with risks that need to be managed, Macklem says

mschmit — Thu, 08 Oct 2020 05:31:03 +0000

The governor of the Bank of Canada said managing the risks from the pandemic is more critical than ever and it is key to a recovery and the stability of society. Tiff Macklem said in a Thursday morning speech that a second historic recession in just over a decade underlines how managing financial system risks […]

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Canada maintains No. 8 global ranking for retiree well-being: report

mschmit — Thu, 01 Oct 2020 04:51:31 +0000

For the second year in a row, Canada ranked No. 8 among developed nations for retiree well-being, according to Natixis Investment Managers’ annual global retirement index. The index, which provides an overview of the relative well-being and financial security of retirees in 44 countries, examined 18 factors across four categories: finances in retirement, material well-being, […]

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ADB forecasts developing Asian economies in recession in 2020

mschmit — Tue, 15 Sep 2020 03:27:17 +0000

Developing economies in Asia will contract in 2020, the first such downturn in nearly 60 years, the Asian Development Bank said Tuesday in an update to its forecasts. The update of the ADB’s outlook estimates the regional economy will contract 0.7 per cent this year, recovering to 6.8 per cent growth in 2021. Conditions could […]

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Economists agree we’re in a recession, but there’s little consensus on why

mschmit — Mon, 31 Aug 2020 04:50:21 +0000

Economists say there is no doubt that Canada is experiencing a recession, but the exact criteria determining one is underway can be fraught with confusion. Broadly speaking, a recession is a period of business contraction where economic activity declines. But what exactly constitutes a decline, and over what time period, is the subject of much […]

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Balancing liquidity and the search for yield at U.S. public pension funds

mschmit — Mon, 10 Aug 2020 04:04:30 +0000

U.S. public pension funds can expect to see hurdles from the coronavirus crisis similar to those experienced in past recessions, according to a new report by Cerulli Associates. In the past two recessions, public plans saw a decrease in their funded statuses. “According to survey data gathered form the National Association of State Retirement Administrators, […]

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Survey: Business economists sketch a more hopeful outlook

mschmit — Tue, 28 Jul 2020 04:18:28 +0000

The economic outlook of U.S. business economists has improved over the past three months, though their sunnier view may be jeopardized by the resurgence of the coronavirus. A survey released Monday by the National Association for Business Economics finds a “significant snap-back in expectations from the depths reached across nearly all categories in April,” according […]

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Fed to keep providing aid and sees no rate hike through 2022

mschmit — Wed, 10 Jun 2020 10:46:43 +0000

Confronted with an economy gripped by recession and high unemployment, the Federal Reserve made clear Wednesday that it will keep supplying all the help it can by buying bonds to maintain low borrowing rates and forecasting no rate hike through 2022. The Fed has cut its benchmark short-term rate to near zero. Keeping its rate […]

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What’s next for infrastructure assets after a rough Q1?

mschmit — Mon, 08 Jun 2020 03:26:08 +0000

With the coronavirus-induced shutdown causing ripples in public and private markets alike, infrastructure assets took a hit in the first quarter of 2020 — and the worst may still be coming. According to data from the EDHEC Infrastructure Institute, infrastructure assets experienced a sharp drop in returns in the quarter. The decline was driven by […]

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Economists agree: No quick rebound from recession is likely

mschmit — Thu, 30 Apr 2020 05:59:23 +0000

Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. If more employees […]

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Proceed with caution on asset allocation: report

mschmit — Wed, 16 Oct 2019 04:32:15 +0000

Global growth slowed to three per cent on an annual basis in the middle of 2019 and is expected to remain below three per cent for the next 18 months, according to a Q4 report by Aviva Investors. “That would represent the weakest sustained period for over a decade,” the report said. “We expect all […]

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