Employers have been dealing with multiple crises lately, from the coronavirus pandemic to high levels of burnout among their employees and many Canadians considering leaving their current job. Despite these challenges, several strategies can help employers turn the “Great Resignation” tide, says Allison Griffiths, a principal at Mercer Canada. “Obviously, the factors driving the ‘Great Resignation’ are […]
Nearly two years after the declaration of the global coronavirus pandemic and its subsequent impact on the worldwide economy, institutional investors are looking to the future with cautious optimism. Amid a recovering economy and rising inflation, pension plan sponsors are taking a long-term investment view and staying the course in the year ahead, while incorporating […]
The vast majority of Canadian employers are increasing salaries amid a challenging labour market, according to a new survey by Normandin Beaudry. The survey, which polled 285 Canadian employers, found fewer than 0.5 per cent were planning a salary freeze for 2022 in the late fall of 2021, down from three per cent in the […]
The funded position of a typical defined benefit pension plan decreased on a solvency basis but increased on an accounting basis in January, according to LifeWorks Inc.’s latest monthly report. During the first month of the year, the solvency index, which provides an indication of changes in the solvency funding level of the average pension […]
A new textbook on value investing is aiming to combat the academic community’s premature dismissal of the subject, says author George Athanassakos, professor of finance and the Ben Graham chair in value investing at Western University’s Ivey School of Business. “There are plenty of books on value investing — but not academic books. I decided […]
Almost half (44 per cent) of Canadians agreed the coronavirus pandemic has negatively impacted their ability to save for retirement and, as a result, 31 per cent have changed their financial priorities, according to a new survey by Edward D. Jones & Co. The survey, which polled more than 1,500 adult Canadians, also found 33 […]
The Bank of Canada kept its key interest rate on hold Wednesday, but warned higher interest rates are coming to help it reel in inflation from its hottest pace in three decades. The central bank lined up to kick off what’s expected to be a series of rate hikes this year starting as early as […]
As Canadian employees face rising inflation and interest rates, C.F. Crozier & Associates Inc. is helping ease employees’ financial worries by offering benefits that appeal to staff at every stage of their lives. The time employees spend at work is just one stop along their personal and professional growth journey, says Nick Mocan, president of Crozier. […]
Nearly a third (29 per cent) of Canadians expressed concern about the impact of rising inflation on their retirement savings, according to a new survey by the Royal Bank of Canada. It found concerns about inflation were highest among respondents aged 25 to 34 (40 per cent). In addition to inflation, which reached a 30-year […]
Employers are continuing to feel the squeeze, with rising prices set to push wages higher this year in a “feedback loop building” as the annual pace of inflation climbed in December 2021 to its highest rate since September 1991. In December, the consumer price index was up 4.8 per cent, compared with a year ago, reported Statistics […]