The Bank of Canada’s focus on transparency and credibility—and its ability to effectively communicate its actions—has helped drive the responsible financial habits of Canadians, said bank governor Mark Carney in a speech given Dec.11.
During the lunch hour on Sept. 13, 2006, a 25-year-old man approached Dawson College in Montreal, pulled out a gun and changed the lives of staff and students forever. Donna Varrica, the college’s communications co-ordinator, was on campus that day. She says the school has learned a lot about crisis planning and workplace mental health […]
Canadian pension plan sponsors are increasingly focused on finding new ways to mitigate the employer risk inherent in DB plans, while also being mindful that many Canadians are not comfortable assuming the level of risk and responsibility that DC plans call for. Target benefit plans (TBPs)—which fix contributions and retirement benefits according to a predetermined formula but allow benefits to be adjusted up or down as future conditions affect plan funding—are emerging as a potential fix to this challenge.
f the economic downturn of 2008 taught us anything, it’s that investing offers no guarantees. As markets collapsed and unemployment figures grew, casting a pall over individuals’ financial situations, the need for Canadians of all ages to build at least a basic level of financial education was underscored.
Illinois voters who cast ballots during Tuesday’s U.S. election rejected a proposed amendment to the state’s constitution meant to curb growing public pension funding challenges.
A majority of working Canadians are feeling overwhelmed by stress, and the situation is particularly dire among young employees, according to results from the third annual Sun Life Canadian Health Index.
The Alberta government has introduced Bill 10, the Employment Pension Plans Act, in the provincial legislature. The bill aims to allow plan administrators to more easily develop pension plans that meet the needs of employers and employees.
For generations, the concept of retirement centred around a one-time event: you worked to age 65, then your employer sent you off with a gold watch and your DB pension. But just as DB pension plans have begun to fall out of favour in recent years, so, too, has the concept of retirement changed.
The continued strength in Canada's real estate industry, along with the expectation of low interest rates in the medium term, should provide added appeal for investors looking for income-producing commercial real estate properties, according to a new report from BMO Economics.
When it comes to institutional fund management, it’s important that all trustees understand their fiduciary responsibilities and the risks that could impact the success of that fund. According to Jeffrey Scott, chief investment officer at Wurts & Associates, a risk dashboard is commonly put in place in large organizations to map out these risks.