Three-quarters (74 per cent) of employees said financial benefits, such as savings tools, offered by their employer at the time of a pay raise would lead to less stress, while 78 per cent said it would help them feel more confident about their finances, according to a new survey by Commonwealth. The survey, which polled […]
From the end of 2015 to the end of 2017, impact investing in Canada has grown by 81 per cent, representing $14.75 billion, according to a new report by the Responsible Investment Association. “Like any pre-teen, impact investing currently sits on the edge of youthful maturity,” said Kelly Gauthier, RIA board member and managing director of impact advisory at […]
To find value in a competitive infrastructure market filled with dry powder, plan sponsors can look beyond equity and senior debt, focusing instead on junior infrastructure debt, according to Claire Smith, alternatives director at Schroders. “Canadian pension funds are no stranger to infrastructure equity investment, but we’ve seen valuations in this market getting higher,” she […]
Rewind to 2017. It was a very unusual year, with global growth receiving a boost from a combination of ultra-supportive financial conditions, a temporary boom in the global trade cycle and the absence of any adverse political or financial shocks, said Darren Williams, senior vice-president and director of global economic research at AllianceBernstein, speaking at […]
Just six per cent of Canadians cited saving for retirement as a financial priority in 2019, according to a new survey by CIBC. Paying down debt was the top financial priority for survey respondents, followed by keeping up with bills and getting by (14 per cent), growing wealth (12 per cent) and saving for a […]
Household debt and high housing prices are complicating an otherwise fairly rosy picture of the Canadian economy, said Stephen Poloz, governor of the Bank of Canada, in a speech hosted by the CFA Society Toronto on Thursday. The bank’s most recent rate decision, which took place on Wednesday, maintained the current rate of 1.75 per cent. […]
The majority (80 per cent) of Canadian executives in the finance industry would be willing to provide tuition reimbursement or professional development for new employees without a degree, according to a survey by Robert Half Canada Inc. The survey, which polled 270 Canadian finance leaders, found 81 of small organizations and 67 per cent of larger […]
Indigo Books & Music Inc. is the first national employer to pilot the Great-West Life Assurance Co.’s student debt savings program. Employees in the program will receive a matching contribution, up to a maximum, to their retirement savings account within Indigo’s group retirement plan for every payment they make to their Canadian or provincial government student loan. […]
While the financial sector is more likely poised for steady, sustainable growth than it was 10 years ago, worrying trends provide hints about what may cause the next downturn, according to a strategy note from Unigestion. “In a nutshell, in terms of global growth, in terms of compared to a 2008 situation, the path of growth […]
The Canada Pension Plan Investment Board is partnering with a New York-based asset manager to invest in equity tranches of collateralized loan obligations. The partnership with Sound Point Capital Management, which is worth US$285 million, is through the CPPIB’s subsidiary CPPIB Credit Investments Inc. It will purchase equity in Sound Point’s collateralized loan obligations over […]