Canadian economy – Benefits Canada.com

Coverage of the 2023 DC Investment Conference

Jennifer Paterson — Mon, 06 Nov 2023 13:00:39 +0000

Since the onset of the coronavirus pandemic three years ago, the global economy has faced a bumpy ride, led by the lingering public health crisis, rising geopolitical tensions and high inflation. The 2023 Defined Contribution Investment Forum, which was held on Sept. 29 at the Ritz-Carlton Hotel in Toronto, shared thought leadership on the various […]

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2023 DC Investment Forum: Silver linings for retirement savings, investment trends and younger generations

Jennifer Paterson — Mon, 06 Nov 2023 12:59:49 +0000

Defined contribution pension plan members are currently in a different place, especially the younger generations, who are likely feeling as though their financial priorities don’t line up with workplace pensions the way they did for previous generations. “What I’m getting at here is the idea that retirement saving isn’t the undeniable consensus top priority it […]

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BoC raises key interest rate to 5%, expects slower return to inflation target

Jennifer Paterson — Thu, 13 Jul 2023 14:30:59 +0000

The Bank of Canada raised interest rates again on Wednesday and released new projections that suggest it will take longer to get inflation back to two per cent. The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent. Forecasters were widely anticipating the central […]

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2023 GIC coverage: The good, the bad and the ugly sides of regime shifts

Gideon Scanlon — Tue, 06 Jun 2023 11:55:28 +0000

“Let me start by pointing out the obvious: the last few years have been exhausting,” said Mina Krishnan, multi-asset portfolio manager at Schroders, during a session on regime shifts at the Canadian Investment Review’s 2023 Global Investment Conference. “We’ve had the [coronavirus] pandemic, the war in Ukraine, the energy crisis and Brexit.” As a result […]

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Survey finds fewer than a quarter of Canadian employees describe their wellness as ‘very good’

Sadie Janes — Wed, 24 May 2023 13:00:15 +0000

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 […]

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Coverage of the 2022 Defined Benefit Investment Forum

Gideon Scanlon — Mon, 19 Dec 2022 13:01:28 +0000

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 […]

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Bank of Canada raises interest rate to 0.5%, warns of volatility

Gideon Scanlon — Thu, 03 Mar 2022 14:00:19 +0000

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 […]

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Sustainable finance demand outpacing labour supply: report

Gideon Scanlon — Thu, 20 Jan 2022 14:45:44 +0000

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 […]

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Expert panel: Unclear road ahead for institutional investors in 2022

mdunne — Mon, 27 Dec 2021 14:00:26 +0000

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 […]

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Canadian public sector pension plans contribute $82BN to economy: report

Jennifer Paterson — Fri, 05 Nov 2021 19:00:13 +0000

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 […]

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