Canadian Investment Review Experts

George Athanassakos

George Anathassakos is a professor of finance and the Ben Graham chair in value investing at Western University’s school of business. These views are those of the author and not necessarily those of the Canadian Investment Review.

A realistic expectation about future stock returns.

  • January 7, 2015 September 13, 2019
  • 13:48

A value investor's approach to car companies.

  • April 9, 2014 September 13, 2019
  • 13:42

To find out, we put Shiller's CAPE to the test.

  • March 25, 2014 September 13, 2019
  • 11:53

To expense or not expense? The markets will ultimately decide which is best.

  • February 19, 2014 September 13, 2019
  • 06:47

It's not easy to separate the winners from the losers.

  • January 7, 2014 September 13, 2019
  • 15:31

It all depends on the margin of safety.

  • November 25, 2013 September 13, 2019
  • 08:06

Which metric has better predictive power when it comes to stock returns.

  • July 31, 2013 September 13, 2019
  • 12:02

Our research shows which U.S. value stocks will thrive and which will dive.

  • June 12, 2013 September 13, 2019
  • 12:03

Yes, but size and liquidity matter.

  • May 14, 2013 September 13, 2019
  • 08:25

A warning to Canadians who think it can't happen here.

  • April 18, 2013 September 13, 2019
  • 15:23

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Brent Simmons

Expert panel: How DB plan sponsors can get back into the driver’s seat

Much has been written about how 2020 was unprecedented, challenging and exhausting — take your pick of adjectives. It was also a white-knuckle ride for…

  • March 11, 2021 March 11, 2021
  • 12:00

Plan hibernation: a sleeping bear can still bite

Defined benefit pension plan sponsors who are interested in better pension risk management for their retirees have two main strategies to consider: They can either…

  • November 11, 2020 February 5, 2021
  • 10:54

Is it time for an asset-strategy check-up?

At the time of my last column in May, many pension plan sponsors were catching their breath after watching funding levels take a roller coaster…

  • August 27, 2020 December 5, 2020
  • 08:14

Pension de-risking and the coronavirus – what now?

It’s hard to believe that just recently, people weren’t cutting their own hair or binge-watching Tiger King. At the beginning of the year, defined benefit…

  • May 26, 2020 December 6, 2020
  • 08:37
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Thomas Agnew

Constructive dismissal and the corresponding duty to mitigate damages

In a recent case, the Ontario Superior Court found an employee failed to mitigate damages when he refused a return-to-work offer from his employer, with whom he…

  • June 4, 2019 September 13, 2019
  • 08:30

A summary of Ontario’s changing employment and labour legislation

Many of the changes that were introduced to Ontario’s Employment Standards Act in January 2018 were short-lived, as the province’s new government elected in June…

  • February 19, 2019 September 13, 2019
  • 08:00

Employer obligations around medical pot, benefits plans

With the legalization of recreational cannabis on Oct. 17, 2018, employers have been preparing to answer questions about whether their current benefits plans should provide…

  • December 4, 2018 September 13, 2019
  • 09:00

Court confirms employer’s right to change job conditions

In a recent decision, the Ontario Superior Court of Justice found an employer didn’t constructively dismiss a long-service employee when it provided her with 18 months…

  • May 15, 2018 September 13, 2019
  • 07:45
Benefits Canada Experts

Louis Gagnon

Consider health benefits, workplace policies as legal cannabis approaches

On Oct. 17, 2018, it will be legal to purchase and consume recreational cannabis in Canada. In a recent survey of Mercer’s employer clients and Canadian employees, we found…

  • August 21, 2018 September 13, 2019
  • 08:30

Creating a thriving workplace with data, personalized employee benefits

Some organizations are unique. Their employees are genuinely excited to be at work and an undercurrent of energy and vitality permeates the air. They’ve transformed the…

  • May 29, 2018 September 13, 2019
  • 10:00

Time to get to work on measuring absenteeism due to mental health

While many Canadian organizations continue to search for solutions to rising health-care costs, most are falling short. That’s why they must investigate any opportunity to find…

  • February 6, 2018 September 13, 2019
  • 08:00

Four ideas to mitigate challenges of Canada’s retirement savings gap

Macroeconomic trends such as longer lives, a lack of access to pensions and retirement supports, a low-growth environment, and persistent lack of financial literacy and…

  • November 1, 2017 September 13, 2019
  • 08:00
Canadian Investment Review Experts

Gerry Wahl

Why decumulation is a challenge for CAPs          

While decumulation is a critical aspect of retirement, in my opinion, it doesn’t attract enough attention. Decumulation is the process of drawing down a capital…

  • April 6, 2021 April 6, 2021
  • 12:00

Understanding CAP management fees

Why fee reviews are an important step for plan sponsors

  • October 29, 2018 January 13, 2021
  • 07:30

Understanding CPP’s shortcomings

How the benefit shrinks with age and what that means for retirement security

  • October 18, 2018 January 13, 2021
  • 05:16

Fees and fiduciary risk

Sponsors need to understand their responsibilities to minimize potential litigation.

  • September 18, 2018 January 13, 2021
  • 11:36
Canadian Investment Review Experts

George Athanassakos

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

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…

  • April 1, 2021 April 6, 2021
  • 13:00

The Trudeau effect: Part two

Is Canada's underwhelming market performance Trudeau's fault?

  • October 4, 2018 January 13, 2021
  • 13:53

How Buffett’s Approach Can Help Endowment Funds

Why value investing works for university foundations.

  • June 6, 2018 September 13, 2019
  • 08:13

Millennials and the Rise of Amazon

How a generation has shaped the new economy.

  • February 5, 2018 September 13, 2019
  • 11:55
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Rayaz Khan

The ins and outs of the Canada Emergency Wage Subsidy one year on

On the heels of the World Health Organization declaring the novel coronavirus a global pandemic on March 11, 2020, Canada’s federal government rolled out several…

  • March 30, 2021 April 6, 2021
  • 09:00

Uber case about arbitration clause, not classification of employees

In June, the Supreme Court of Canada released its decision in Uber Technologies Inc. v Heller, dismissing an appeal of a decision by the Ontario…

  • September 8, 2020 November 30, 2020
  • 08:45

A legal update on the government’s CEWS and CERB programs

The COVID-19 pandemic has created many complicated issues for employers. Prudent employers should ensure they’re aware of the resources that may be available during this…

  • April 14, 2020 November 11, 2020
  • 08:30
Benefits Canada Experts

Susan G. Seller

The evolution of pension governance policies

Pension governance policies have been common for many years, at least since the Canadian Association of Pension Supervisory Authorities published its initial guidelines on pension…

  • March 23, 2021 March 30, 2021
  • 09:00

Navigating pension fiduciary duties during coronavirus pandemic

Employers that act as pension plan administrators have statutory fiduciary duties that are defined by the plan documents and by governing pension legislation. While those duties…

  • June 9, 2020 November 26, 2020
  • 08:30

Legal case highlights thorny issue of consent benefits under DB pension plans

An important case around an employer’s ability to change its practice in granting consent benefits under a pension plan is winding its way through the courts. The…

  • December 10, 2019 November 30, 2020
  • 08:30

A look ahead at pension legislative changes for 2019

While 2018 ushered in a number of significant changes to Ontario’s pension legislation, including a major revamping of the funding rules for defined benefit plans,…

  • December 28, 2018 September 13, 2019
  • 08:30
Canadian Investment Review Experts

Catherine Heath

How should investors interpret the recent move up in interest rates?

United States 10-year bond yields have risen substantially from their lows of 0.50 per cent last summer, hitting 1.6 per cent by late February. Canadian…

  • March 18, 2021 March 24, 2021
  • 09:00

The green shoots of Canada’s green bond market

Canada’s green bond market has been growing, but investors would benefit from digging a little deeper to ensure what they’re buying is in fact green…

  • August 19, 2020 February 5, 2021
  • 09:08

Managing fixed income liquidity issues caused by the coronavirus crash

When the coronavirus prompted a collapse in both economic activity and equity markets in March, it put an end to the longest bull market in…

  • April 16, 2020 December 13, 2020
  • 07:25

Are negative rates coming to Canada?

There has been a lot of buzz about negative interest rates lately, as the idea that you would have to pay governments to borrow your…

  • January 23, 2020 December 13, 2020
  • 08:51
Benefits Canada Experts

Jason Malone

Are target benefit pension plans the answer to a secure, sustainable retirement?

More Canadian employers should consider target benefit pension plans for their employees these days. The model is gaining steam. In mid-December, 2020, the Quebec legislator signed…

  • March 16, 2021 March 18, 2021
  • 09:00
Benefits Canada Experts

Tom Milne

How to communicate the value of a benefits plan to employees

It’s often said perception is reality and that’s definitely true when it comes to benefits plans. If employees can’t easily perceive the value in their…

  • March 9, 2021 March 22, 2021
  • 09:00

Connect to employees through the clutter with short, digital communications

How long is your attention span? Be honest and think back to the last time you received an email about your employee benefits and didn’t…

  • September 1, 2020 November 12, 2020
  • 08:45
Benefits Canada Experts

Kenneth MacDonald

Think of health-care spending accounts as the duct tape of benefits plans

Any do-it-yourself handyman’s toolbox isn’t complete without a roll a flexible multi-purpose cloth adhesive that has unlimited uses — a.k.a. duct tape. It’s been used…

  • February 16, 2021 March 12, 2021
  • 09:00

5 benefits predictions for the fallout of the coronavirus pandemic

In the midst of the most significant socio-economic and health crisis since WWII — and maybe even longer — virtually every aspect of modern society has been…

  • April 28, 2020 November 11, 2020
  • 08:30

Is it time to reconsider drug dispensing fee maximums?

In employee benefits plans, maximums and caps on prescription drug dispensing fees are common cost management features. These features are designed to nudge plan members to…

  • February 11, 2020 November 12, 2020
  • 08:30

Time for more hands-on management of massage therapy benefits?

Most people agree massage offers some therapeutic benefits, such as reduction of muscle tension and pain related to soft tissue strains and injuries. Studies have…

  • May 14, 2019 November 30, 2020
  • 08:45
Canadian Investment Review Experts

Chris Horwood

It’s time to revolutionize how investment firms are paid

Investment management is an unusual business in that it doesn’t typically offer customers their money back if they’re unsatisfied with the product or service. This…

  • January 6, 2021 February 5, 2021
  • 10:12

Looking beyond the U.S. for quality fundamentals at the right price

US equities have dominated their global peers over the past decade. As of 30 June, the S&P 500 had returned 14.5 per cent per annum…

  • August 10, 2020 December 6, 2020
  • 07:52

Extreme uncertainty produces extreme opportunities

The novel coronavirus pandemic has been an enormous human tragedy and its ultimate impact on the global economy remains impossible to predict. For many companies,…

  • May 13, 2020 December 6, 2020
  • 09:26

Sounding Board: Low volatility doesn’t mean low risk

Bonds have traditionally been a reliable source of low-risk returns. For the moment, central banks have changed that relationship, yet many investors still need predictable,…

  • December 12, 2016 September 13, 2019
  • 09:25
Canadian Investment Review Experts

Colin Ripsman

Institutional investing in 2021: looking towards the future

Last year offered up one of most tempestuous investment environments in recent memory, and this year looks to be equally dynamic. It will be increasingly…

  • January 4, 2021 February 5, 2021
  • 09:23

Institutional investing in 2020: a year in review

We won’t soon forget 2020. This tumultuous year was characterized by a global pandemic, lockdowns around the world, spiking unemployment levels and business failures. Increasing…

  • December 16, 2020 February 5, 2021
  • 09:33

Investment strategies for frozen DB plans

\Over the course of the last 15 years we have seen an increase in the number of frozen corporate defined benefit plans in Canada. Frozen…

  • April 1, 2019 January 10, 2021
  • 08:32

Setting a prudent asset mix policy for an aboriginal trust

Over the last few years we have seen numerous First Nations’ settlements with the government. The amounts of these settlements are typically large and can,…

  • February 13, 2019 January 12, 2021
  • 13:14
Canadian Investment Review Experts

Andy Rothman

Biden and China: Building back better?

Putting U.S.–China relations back on a constructive path will be one of the top foreign policy challenges facing the Biden administration in 2021. I expect…

  • December 31, 2020 February 5, 2021
  • 11:21

Four trends to watch in China through the recovery

In China, keeping the novel coronavirus under control is key to maintaining the economic recovery, and there are reasons to be optimistic, despite a breakdown…

  • September 8, 2020 December 6, 2020
  • 08:37

Is China’s economic recovery sustainable?

China’s V-shaped economic recovery continued for a fourth consecutive month in June, led by strong domestic demand. And if the novel coronavirus remains under control,…

  • August 12, 2020 December 6, 2020
  • 08:31

China is on the road to recovery

China’s economy was the first to suffer the consequences of fighting the novel coronavirus and is the first on the road to recovery. If it…

  • May 6, 2020 December 6, 2020
  • 08:55
Canadian Investment Review Experts

Tracey McVicar

Coronavirus to reshape mid-market private equity dynamics in year ahead

The year 2020 tested the mettle of entrepreneurs and small business owners like none other in recent history. And private equity firms operating in the…

  • December 31, 2020 February 5, 2021
  • 11:21

Coronavirus: a true test of partnership for private equity firms

As the novel coronavirus pandemic upended the way businesses operate, investors around the world have been able follow daily market gyrations in real time to…

  • June 29, 2020 December 6, 2020
  • 07:37
Canadian Investment Review Experts

Edward Truant

Why capital deployment is key in commercial litigation finance investing

In many private equity asset classes, managers typically deploy most of their capital in a particular investment on day one. While they may increase or…

  • December 22, 2020 February 5, 2021
  • 09:02

Is the time right for pension funds to consider litigation finance?

In the early days of litigation finance, most fund managers sold a concept and their own capabilities, but not much else. And risky strategies attracted…

  • June 19, 2020 December 6, 2020
  • 09:01

Commercial litigation finance demand fuelled by coronavirus

In legal circles, it has always been thought that crises breed litigation. And while that appears to be the case in the current crisis, it…

  • May 28, 2020 December 6, 2020
  • 07:16

Exploring the impact of coronavirus on commercial litigation finance investments

“It was the best of times, it was the worst of times…” The above quote from Charles Dickens aptly describes the current environment for the…

  • April 14, 2020 December 13, 2020
  • 07:44
Canadian Investment Review Experts

Emerson Savage

Three lessons 2020 taught institutional investors

After years of relatively stable appreciation in global fixed-income and equity markets, investors were thrust into dramatic turbulence in the first quarter of 2020, as…

  • December 17, 2020 February 5, 2021
  • 10:04

What does a rise in Robinhood traders mean for institutional investors?

During and after the market crash of this year’s first quarter, retail traders flocked to the various commission-free online brokerages in droves. These traders began…

  • August 31, 2020 December 6, 2020
  • 08:40

Value investing’s crisis of confidence

A value approach to investing has yielded great benefits in the past. Though there are often semantics around what constitutes value investing, it can be…

  • May 11, 2020 December 6, 2020
  • 08:25

Laying the foundation for real estate investing

As alternative asset classes continue to be a major area of interest for institutional investors, considering the benefits and drawbacks of real estate as an…

  • February 26, 2020 December 13, 2020
  • 06:17
Canadian Investment Review Experts

Mark S. Yamada

Is dynamic risk management the key to decumulation?

Many defined contribution pension plans contain a built-in contradiction. During accumulation, they offer an array of investment choices — sometimes too many. In decumulation, by…

  • December 15, 2020 February 5, 2021
  • 09:07
Canadian Investment Review Experts

Jeff Pentland

A private markets perspective on the pandemic in 2020 and beyond

What a difference a year makes. At this time in 2019, initial reports of a novel virus to be called COVID-19 were just beginning to…

  • December 9, 2020 February 5, 2021
  • 14:29
Benefits Canada Experts

Jaqui Parchment

How employers can rethink benefits, rewards amid the coronavirus crisis

Employee benefits and total rewards planning have always been a critical element of business planning, but never more so than during the ongoing coronavirus pandemic.…

  • December 8, 2020 March 17, 2021
  • 09:00

How plan sponsors can make the new normal better than ever

Over the past few months, we’ve all had to deal with the challenges of social distancing and self-isolation. Some people have faced the extra pressure…

  • July 21, 2020 November 12, 2020
  • 08:45

Supporting employees’ workplace health, financial wellness during coronavirus

It’s the only story around these days. COVID-19 — the coronavirus — has broken out all over the world, leading to strain on health-care resources,…

  • March 31, 2020 November 23, 2020
  • 08:30

Improving employee mental-health benefits is good for everyone

Whether it direct or indirect, mental illness affects everyone. Beyond an individual’s personal suffering, which can range from mild to severe, the effects are also felt by…

  • December 3, 2019 November 12, 2020
  • 08:30