Investors breathed a sigh of relief as they turned over their calendars at the end of 2020. Few were sorry to see the back of a turbulent year that drove nation after nation to their worst economic contractions in generations: over the course of 2020, the U.S. gross domestic product shrank around 3.5 per cent, […]
Amid the second (and hopefully last) year of the coronavirus pandemic, employers are starting to plan for the post-pandemic future. On March 11, 2020, the World Health Organization declared the coronavirus a global pandemic, forcing many employers around the globe to rapidly shift mainly white-collar employees to working from home. By April 2020, in Canada, […]
We are now in Month 14 of the coronavirus pandemic. For institutional investors like pension plans, this pandemic and its consequences highlight the reality of systemic risk: events like the ongoing pandemic can and do happen and pension plans need to get ready. Because another systemic risk is at our doorstep: climate change. 2020 was one […]
While a national pharmacare program is yet to be revealed by the federal government, any future plan should contain provisions for all costly treatments and not just rare diseases, says Jennifer Schmidt, a principal at Mercer Canada. Read: Federal budget highlights national childcare system, extension of pandemic subsidies This week’s federal budget announcement contained only […]
For years, digital offerings played second banana to in-person options for many employers aiming to connect with and support employees. Not anymore. As employers and employees face down year two of the coronavirus pandemic, digital supports have moved from understudy to centre stage. “The pandemic has changed the environment significantly, as we all know, and […]
Doug MacDonald, MD & Global Head of Distribution of CIBC Asset Management Inc. announces the appointment of Carlo DiLalla as MD & Head, Institutional Asset Management. Carlo will be responsible for managing the firm’s institutional asset management business, providing strategic direction on all aspects of business development, client service, consultant relations, and client portfolio management. […]
A recent ruling on federal carbon pricing sparked a lot of loud talk on both sides of the aisle, but the impact on institutional investors will be muted, says Monika Freyman, a chartered financial analyst and the responsible investment leader for Mercer’s wealth business in Canada. On March 25, the Supreme Court of Canada ruled […]
Many white-collar employees were forced to work from home when a global coronavirus pandemic was declared last March, but now, with an eye toward the great reset, employers must decide whether to embrace working from home permanently or revert back to an in-person working model. Most employees’ sentiments have shifted toward a preference for continuing […]
Canada’s defined benefit pension plans’ funded positions continue to improve in 2021, ending the first quarter at their highest levels in more than 20 years, according to Mercer Canada’s pension health index. It found solvency ratios increased from 114 per cent at the end of 2020 to 124 per cent at the end of March 2021, with the median solvency ratio […]
Remember those Freedom 55 ads that always seemed to be on TV in the ‘80s and ‘90s? I recently went down a YouTube rabbit hole and re-watched some of them and, well, let’s just say they’re as ridiculous as I remember. In one 30-second spot from the early ‘90s, a downcast businesswoman reads the paper […]