Fewer than a quarter of Canadian employees describe their wellness as ‘very good,’ a score of nine or 10 out of 10, according to a new survey by Desjardins Insurance. The survey, which polled more than 2,000 workers, found overall wellness scores were lower for LGBTQ2S+ employees, as well as workers who are unhappy with […]
If there was one message for defined benefit pension plan sponsor delegates at the 2022 Defined Benefit Investment Forum, it was that the fate of global markets in 2023 is on a knife’s edge. In the keynote address, Douglas Porter, chief economist and managing director at BMO Financial Group, said he expects the Canadian economy […]
In a move widely anticipated by the financial sector, the Bank of Canada is increasing its target for the overnight rate to 0.5 per cent. “Persistently elevated inflation is increasing the risk that longer-run inflation expectations could drift upwards,” said the bank in a press release. “The bank will use its monetary policy tools to […]
Financial sector workers with a keen understanding of sustainable finance issues are in high demand in Canada, according to a United Nations-backed report. The report, commissioned by the UN-linked Financial Centres for Sustainability, Deloitte and Toronto Finance International, was based on responses from individuals working at asset management companies, banks, insurance companies, pension plans and other financial sector organizations. While all […]
As has been the case for the past couple of years, we’re ending 2021 with as many questions as answers. On the surface, economic conditions seem to be improving, at least in Canada. National unemployment dropped to six per cent in November, the economy began to grow again after some coronavirus pandemic restrictions eased and […]
The economic activity from the operations of Canada’s public sector pension plans, as well as retirees spending their income from those plans, supports 877,100 jobs and 55,500 businesses, with $33.1 billion in annual wages and $21.4 billion in tax revenue, according to a new report. The report, released by the Canadian Centre for Economic Analysis and […]
In Monday’s federal election, the Liberal Party of Canada won a minority government with the Conservative Party of Canada taking official opposition status and both the Bloc Québécois and New Democratic Party collecting enough seats to potentially prop up a Liberal government. Overall, these political changes will likely have a very modest impact on broad […]
And why now is the time for global bond diversification.
Industry group says 2016 will be another gloomy year for Canada's energy sector.