Institutional investors are facing tough choices about their allocation choice amid a trade war launched by U.S. President Donald Trump, says Dustin Reid, vice-president and chief strategist of fixed income at Mackenzie Investments. “I think there’s a broad theme in the market, . . . that some of the things that have happened tariff-wise or […]
The Alberta Investment Management Corp. is preventing its staff from travelling to the U.S. for non-essential business trips, according to a report by Bloomberg. The report noted AIMCo employees can still travel to the U.S. for board and investor meetings but conferences or speaking events aren’t allowed anymore. When asked by Benefits Canada to confirm […]
A federal public sector union representing more than 27,000 members is asking the Public Sector Pension Investment Board to divest any holdings in Tesla Inc. from its $264.9 billion portfolio. In a public statement, the Canadian Association of Professional Employees is calling on PSP Investments and “all pension funds in Canada” to ditch the electric […]
Donald Trump is poised to be the “most transformational” U.S. president due to his corporate tax rate approach and a unique deregulation plan across financial and energy sectors, according to Charles Myers, chairman at Signum Global Advisors, speaking during the keynote session at Benefits Canada’s 2025 Defined Contribution Plan Summit on Feb. 27. In addition […]
Home-country bias is a conversation that ebbs and flows, with U.S. investment returns since the 2008/09 financial crisis reigniting the conversation, said Jon Knowles, institutional portfolio manager in global asset allocation at Fidelity Investments. However, it’s important to ask how to appropriately deal with home-country bias against a backdrop where one market and limited diversification […]
Increased investment volatility could trigger additional questions on the decisions of Canadian pension funds as governance reviews come into focus, says Level Chan, a partner in the pensions practice at Stewart McKelvey. “Where there’s greater volatility, we could expect that triggering more questions about how pension plans are weathering the storm.” When responding to additional […]
The British Columbia Investment Management Corp. is overseeing $2 billion on behalf of a not-for-profit organization representing the financial interest of 325 First Nations across Canada. The Four Pillars Society has selected the BCI to oversee an investment mandate established as part of a $2.8 billion settlement fund granted by the Government of Canada for […]
Toronto-based strategic consulting firm Grantbook Inc. is transitioning to an employee ownership trust, inviting its employees to help define their retirement savings model. “It was kind of like a jagged, ragged journey, crunching through the problems for which the answer was an EOT and then finally stumbled on it at the last minute at the […]
Canadian government bond yields declined further in February based on the impact to growth from tariff policy from the U.S. on Canadian exports materializing, according to a new report from FTSE Russell. Tariff risk is weighing down the entire Canadian segment including government bonds and Canadian credit. However, the risk that reciprocal tariffs may push […]
The federal government has put together a $6.5-billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses and workers through the trade war with the U.S. The government is building new flexibility into the employment insurance program to help businesses retain workers by reducing work hours. Read: How […]