U.S. stock futures and markets around the world are mostly holding steady or ticking higher in early Wednesday trading, but only after spinning through an election night dominated by surprises and sharp swings. After rallying early this week amid hopes that Election Day’s arrival could clear the uncertainty that’s been weighing on markets, Treasury yields […]
The Bank of Canada kept its key interest rate on hold Wednesday as it said the country’s economy won’t recoup the losses from the coronavirus until 2022, with the road to recovery dependent on the path of the pandemic. In July, the Bank of Canada said it believed the country had been spared from a […]
The private equity market was on a hot streak coming into 2020 and despite the economic wreckage caused by the coronavirus, fundraising has generally held up, said Jamie Becker, counsel for private equity and pension fund investments at Torys LLP, when speaking at the Canadian Investment Review’s 2020 Global Investment Conference in September. “There was […]
The geopolitical systems and institutions that formed after the Second World War are coming under fire and a shift in global order is underway, said Erik Brown, a research analyst at the Global Risk Institute, when speaking at the Canadian Investment Review’s Global Investment Conference in September. In particular, China and other emerging markets have […]
In the wake of the coronavirus crisis, the stock market has recovered to pre-pandemic levels for various reasons, but institutional investors shouldn’t be overly optimistic and must keep risks top of mind, said Campbell Harvey, a professor of finance at Duke University, when speaking at the Canadian Investment Review’s 2020 Global Investment Conference in September. […]
Before the pandemic hit, momentum was building to fight climate change, said Eli Angen, a principal in responsible investing, strategy and risk at the Ontario Teachers’ Pension Plan. At the Canadian Investment Review’s 2020 Global Investment Conference in September, Angen pointed to the decreasing cost of the energy transition and greater societal and business awareness […]
As financial market conditions improve, the Bank of Canada is scaling back some measures it introduced in the immediate aftermath of the coronavirus outbreak to support the functioning of financial markets. With the use of certain programs declining, the central bank is discontinuing the bankers’ acceptance purchase facility and its Canada mortgage bond purchase program, […]
Canadian workers and companies expect wage growth to stay low over the coming year over heightened uncertainty from the coronavirus pandemic, the Bank of Canada says in two new reports. The central bank’s business outlook survey finds that wage growth is widely expected to slow over the next year, with some firms reporting a wage […]
Pandemic-related shifts in how people shop, sending more people into cyberspace than a physical space, means central banks must speed up work on creating their own digital currencies, says a top Bank of Canada official. The coronavirus has meant more people are shopping online, and foot traffic for brick-and-mortar storefronts hasn’t caught up to pre-pandemic […]
The impact of powerful trends, including aging populations and growing debt levels in the world’s largest economies, has been somewhat mitigated in recent years by the ongoing involvement of central banks in markets and declining interest rates. However, with rates at historic lows, this is not something that can be relied on over the next […]