quantitative easing – Benefits Canada.com

2022 IIC coverage: Investing in a time of quantitative tightening

Gideon Scanlon — Mon, 16 Jan 2023 12:50:56 +0000

“I’m starting to become a glass half full person. . . . I think that at least one of the two anchors of the 60/40 [balanced portfolio] is going to start working. I wish I could tell you which one,” said Jurrien Timmer, director of global macro at Fidelity Investments, during a session at the […]

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2022 Risk Management Conference: Tactical fixed income strategies for managing risk during volatility

Gideon Scanlon — Thu, 06 Oct 2022 11:58:56 +0000

Fixed income investing isn’t known for its excitement, but in the volatile markets of the post-coronavirus pandemic period, bond specialists may be in for a wild ride. “There’s more yield in the marketplace, so bonds are becoming a better competitor to stocks. . . . You should be asking yourself, how do I get more […]

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Synchronized rate hikes could spark global recession: World Bank report

Gideon Scanlon — Tue, 20 Sep 2022 16:00:34 +0000

Efforts by central banks to reduce inflation could spark a global recession, according to a new report from the World Bank. “If the degree of global monetary policy tightening currently anticipated by markets is not enough to lower inflation to targets, experience from past global recessions suggests that the requisite additional tightening could give rise […]

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2021 IIC coverage: Considerations for pension plan sponsors in a post-pandemic political climate

Gideon Scanlon — Tue, 21 Dec 2021 12:59:14 +0000

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 […]

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Canadian DB plan solvency, balance sheets dipped in November: report

Gideon Scanlon — Thu, 09 Dec 2021 14:00:37 +0000

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. […]

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Quantitative easing windup, inflation likely to benefit pension plans: expert

Gideon Scanlon — Thu, 28 Oct 2021 17:45:45 +0000

The end of Canada’s quantitative easing strategy and higher than expected interest rates will be beneficial to Canadian defined benefit pension plans, according to Sebastien Betermier, an associate professor of finance at McGill University’s Desautels Faculty of Management. On Wednesday, Tiff Macklem, governor of the Bank of Canada, announced plans to end its quantitative easing policy and […]

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There’s more pandemic-era punches to come for institutional investors

alessandrob — Thu, 01 Apr 2021 17:00:37 +0000

Mike Tyson’s one liner “Everyone has a plan until they get punched in the mouth” comes to mind when I think of the predicament central banks must confront these days. The plan is, and has been, to keep interest rates low for an extended period. While the punch in the mouth is the building up […]

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The case for eventual inflation

mschmit — Mon, 30 Nov 2020 08:28:23 +0000

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 […]

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Bank of Canada holds rate steady, says coronavirus economic recovery likely by 2022

mschmit — Wed, 28 Oct 2020 07:58:54 +0000

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 […]

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Europe’s central banker: Recovery risks losing momentum

mschmit — Mon, 19 Oct 2020 03:47:05 +0000

The head of the European Central Bank says the economic recovery from the coronavirus pandemic “risks losing momentum” due to a second wave of infections and that more stimulus could be added if necessary. “The second wave of the pandemic in Europe, notably in France, and the resulting new restrictions are adding to the uncertainty […]

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