Finance Minister Jim Flaherty told reporters in Vancouver yesterday that the budgets of some government departments could be cut by more than 10%—and that issues such as pension reform and other benefits for public servants are under the microscope.
Ambachtsheer and Waitzer: It’s up to the provinces.
Born in 1946, the first wave of Canada’s baby boom generation will be 65 years old in 2012. If they haven’t saved enough for retirement, it’s too late to start.
If you think healthcare costs are high already, the next two decades are likely to come as a shock, as aging boomers stretch the system to its limits. New research out of the C.D. Howe Institute by former Bank of Canada governor David Dodge and Richard Dion, a former economist at the Bank of Canada, […]
One in six retirees are currently without the financial resources to replace three-quarters of their pre-retirement consumption (the amount thought to be needed to maintain a similar lifestyle in retirement). That number is expected to increase to at least two in five over the next 40 years, according to a study released today by the […]
Reforms are needed to restore the asset-backed securities (ABS) market, which suffered a major setback during the financial crisis that began in 2007, according to a paper released today by the C.D. Howe Institute. In The Canadian ABS Market: Where Do We Go From Here?, authors David C. Allan and Philippe Bergevin write that the […]
Canadian governments need to focus on reforms that allow for increased retirement savings levels in order to ensure individuals have adequate replacement income at retirement. That was a key message delivered by a panel of speakers at the CPBI Western Regional Conference, held in Banff, Alberta from Oct.27 to Oct.29. Current OECD standards for […]
If there is one thing holding back Canadian workers from being productive it is the tools they have to do their jobs. If there is one thing holding back Canadian workers from being productive it is the tools they have to do their jobs. According to a C.D. Howe Institute study, Canadian firms spent only […]
Canada’s aging and unhealthy population is about to create a significant liability totalling about $2.8 trillion for all levels of government, according to a new study from the C.D. Howe Institute. It could play a key role in prolonging the economic recovery, author William B.P. Robson wrote in “The Glacier Grinds Closer: How Demographics Will […]
Brian Levitt, current director of TD Bank Financial Group, will replace John Thompson as the new chairman of its board of directors, the bank announced Tuesday. The change takes effect on Jan. 1, 2011. Thompson has served as non-executive chairman of TD since April 2003. “[Thompson] has made the personal decision, as part of an […]