Despite political troubles in Venezuela and Brazil, Latin America’s economy is a broadly positive story with small pockets of unrest, according to Jim Barrineau, co-head of emerging markets debt at Schroders. “Foreign exchange reserves are rising, countries are stabilizing, central banks have had the ability to cut rates in Brazil, in Chile, in Colombia. In […]
The parent company of Northstar Aerospace Inc. is rejecting as accusation that it has abandoned pensioners who are facing a 24 per cent cut as it moves to close its Milton, Ont. facility in September. “Heligear does not control the pension design or its investments, which are the responsibility of the pension board,” said Greg Harper, […]
The Canadian dollar has risen dramatically since the beginning of May, which could have harsh implications for overseas assets held by Canadian pension funds. “Given the low price of oil and low Canadian interest rates, I don’t think there was necessarily a perception that the loonie was headed significantly stronger in 2017, so I would […]
Workers about to lose their jobs at Northstar Aerospace’s operations in Milton, Ont., are now facing the prospect of a 25 per cent cut to their pensions. After returning from the holiday break last year, workers “were given the notice that they were going to actually close the plant,” says Cammie Peirce, a national representative in […]
Sun Life Financial has created a tool to allow members of its group benefits plans to directly deposit reimbursements for paramedical and certain other medical claims into a group registered retirement savings plan. “I thought I had seen it all. This is definitely a new one,” says Frank Wiginton, a financial wellness expert and chief executive […]
Canadians over the age of 52 are the least likely to use digital technology to communicate with health-care professionals, according to a new survey by Telus Health. The survey found that while 58 per cent of those aged 52 and older agree digital tools would help them connect with their health-care provider, that age group […]
The conversation around the need for a national pharmacare program is picking up as the Canadian Labour Congress prepares to launch a campaign this fall. “Our campaign is going to be to put pressure on the federal government to commit to start working with the provinces. And we’re hoping that they will come at the appropriate […]
The Office of the Superintendent of Financial Institutions has issued a guideline defining the eligible default investment options under pooled registered pension plans. The Pooled Registered Pension Plans Act specifies that if a member has the option to select investments from the variety provided by the administrator but fails to make a choice in the allotted time (60 days […]
Economies driven by domestic demand and consumption are showing the most growth this year. These include the Philippines, Indonesia and Thailand.
China is leading the recent economic deceleration in emerging markets.