BMO Financial Group expects North American economies will go through a shallow recession in 2023, according to Douglas Porter, the bank’s chief economist and managing director, during a session at the Canadian Investment Review‘s 2022 Defined Benefit Investment Forum. “I would give it a 25 per cent chance that central banks can still negotiate this without one. […]
Employers that aren’t encouraging LGBTQ2S+ inclusivity stand to lose significant amounts of money due to turnover, lower employee engagement and decreased productivity, says Michael Bach, founder and chief executive officer of Canadian Centre for Diversity and Inclusion Consulting Inc. “The employers making real progress are the ones that recognize the benefit of action and the […]
The Nova Scotia Teachers’ Pension Plan exceeded its return benchmark in 2021, though its solvency ratio on a growing-concern basis remains underwater, according to its annual report. The defined benefit pension plan’s assets grew by 6.1 per cent last year, reaching $5.856 billion. Net investment returns, however, grew by 9.63 per cent, slightly higher than […]
Pension plan sponsors pay too much attention to predictions and not enough to demographic data, according to Darrell Bricker, chief executive officer of Ipsos Public Affairs and a senior fellow at the Munk School of Global Affairs and Policy. “Demographics . . . is like a glacier,” he said during a session at the Canadian Investment […]
In considering changes to its retirement savings programs, Rogers Communications Inc. is generally focused on three main internal and external factors: regulatory changes, employee feedback and demographics. “As we see the millennial and gen Z workforce grow quite a bit, we’re really trying to understand what that’s going to do to our plans in terms […]
A new economic report says the next decade in Canada will increasingly be shaped by the twin forces of climate change and demographic disruption from an aging population. “By 2030, Canada’s economy could look significantly different,” says the RBC report released Monday, dubbed Navigating the 2020s. “A country whose economic identity has long been bound […]
Aging population in China puts pressure on retirement system
Amidst rising populism, the realities of labour will keep people moving across borders.
Head of CPPIB reflects on demographic similarities between the two countries
Blogger JJ Woolverton looks at drivers of growth, past and future