Consensus is building among Canadian business leaders that inflation will average above three per cent over the next two years, according to a new survey from the Bank of Canada. The survey, which polled business leaders in the final quarter of 2021, found two-thirds (67 per cent) of respondents anticipated that inflation will stay above […]
Investors should expect the unexpected in 2022, according to George Athanassakos, professor of finance and the Ben Graham chair in value investing at Western University’s Ivey School of Business. “2022 is likely to be filled with hidden hazards, both known unknowns and unknown unknowns,” he wrote in an email to the Canadian Investment Review. This […]
However long the social, political and economic fallout of the coronavirus pandemic may last, humanity and its economic systems have weathered the storm exceptionally well, said David Frum, a political commentator and senior editor at The Atlantic, during the keynote address at the Canadian Investment Review‘s 2021 Investment Innovation Conference. “We just put the entire world […]
Central bankers in developed economies are downplaying the risk of long-term inflation rises, according to a new paper by the Fraser Institute. “Absent a sharp reversal of central bank programs of quantitative easing, forecasts that inflation will return to the two per cent target rate of central banks by mid-2022 at the latest are likely […]
The average Canadian defined benefit pension plan saw its funding position deteriorate slightly on both a solvency and accounting basis in November, according to a new report by LifeWorks Inc. According to the report, the index covering the estimated average DB plan saw its solvency ratio dip, from 111.5 per cent to 110.8 per cent. […]
The average Canadian defined benefit pension plan saw improvements on a solvency and accountancy basis in October, according to LifeWorks Inc.’s monthly report. Its monthly report on DB pension indices found the average plan saw its solvency index rise to 111.5 per cent, up from 108.8 per cent at the end of September and a […]
Institutional investors are focusing on equities and global markets as the economic effects of the coronavirus pandemic continue in Canada, according to a webinar hosted by Franklin Templeton Investments Corp. on Tuesday. In the keynote address, Stephen Poloz, former governor of the Bank of Canada, said the pandemic is amplifying the economic effects of five pre-existing […]
While inflation never materialized after the last financial crisis and the subsequent economic expansion, this time will be different, said Erik Weisman, portfolio manager and chief economist at MFS Investment Management, when speaking at the Canadian Investment Review’s Investment Innovation Conference in November. After the global financial crisis, quantitative easing didn’t generate inflation because the […]
President-elect Joe Biden will inherit a vulnerable economic recovery under threat from a resurgent virus, likely with a divided Congress that will hinder his ability to address the challenges. Yet despite the obstacles, the former vice-president and senator will pursue a drastic shift in America’s economic policy. He has vowed to reverse much of the […]
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 […]