Canadian fixed income – Benefits Canada.com

Mandating Canadian pension funds’ domestic investments could harm plan members: study

bmcgovern — Thu, 27 Jun 2024 13:00:19 +0000

A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]

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Canadian fixed income outperforms amid improving interest rate landscape: report

bmcgovern — Thu, 13 Jun 2024 15:00:14 +0000

Canadian-based fixed income assets rallied in the first quarter of 2024 as the likelihood of interest rate cuts from global central authorities increases, according to a new report by FTSE Russell. It noted improved inflation data helped boost the results from Canadian long, corporate and real return bonds in May. While Canadian high-yield credit gained […]

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Canadian DB pension plans return -1.99% in third quarter of 2023: report

bmcgovern — Tue, 07 Nov 2023 14:00:25 +0000

Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $290.2 billion worth of investment assets in Canadian DB plans, found the one-year median return was 8.01 per cent […]

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Canadian DB pension plans return 1.19% in second quarter of 2023: report

Jennifer Paterson — Thu, 10 Aug 2023 15:30:48 +0000

Canadian defined benefit pension plans generated a median return of 1.19 per cent in the second quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $300.1 billion worth of investment assets in Canadian DB plans, found the one-year median return at June 30, 2023 was 10.05 per cent, while the […]

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Median solvency ratio of Canadian DB pensions up in Q2: reports

Gideon Scanlon — Thu, 06 Jul 2023 13:00:50 +0000

Canadian defined benefit pension plans’ median solvency ratio increased in the second quarter of 2023, according to a new report by Mercer. The report, which looked at the performance of more than 500 Canadian DB plans in its database, found a rise from 116 per cent to 119 per cent during the quarter. Meanwhile, a similar report […]

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Canadian DB pension plan assets decline 0.6% in May: report

Gideon Scanlon — Thu, 15 Jun 2023 16:30:30 +0000

The funded position of a typical Canadian defined benefit pension plan fell slightly on a solvency basis and rose on an accounting basis in May, according to a new report by Telus Health. During the month, the solvency of the average DB plan dipped by 0.6 per cent, falling to 101.4 per cent. The balance […]

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Caisse underwriting bridge bonds, OMERS backing financial analytics platform

Gideon Scanlon — Tue, 13 Jun 2023 16:30:08 +0000

The Caisse de dépôt et placement du Québec is underwriting $75 million of bonds issued to finance a portion of the construction of a new bridge in Quebec. The underwriting will cover a significant portion of a $380-million issuance from Groupe Nouveau Pont Île-Aux-Tourtes Inc. It will be used to fund the construction of the […]

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2023 GIC coverage: Never say ‘never bonds’ again

Gideon Scanlon — Tue, 06 Jun 2023 11:57:02 +0000

“I’m here to convince you that fixed income is back as an attractive asset class,” said Benoit Anne, lead strategist of the investment solutions group at MFS Investment Management, during the Canadian Investment Review’s 2023 Global Investment Conference. Two major factors mean allocations to fixed income are becoming increasingly attractive, he added. First, the U.S. Federal […]

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Expert panel: History’s lessons for DB pension plans during turbulent times

Gideon Scanlon — Tue, 23 May 2023 16:30:22 +0000

At the best of times, selecting an optimal asset mix for a defined benefit pension plan is challenging. The times of today are downright turbulent. Last year, inflation reached 8.1 per cent in Canada as a result of a prolonged period of government stimulus spending to manage the fallout of the coronavirus pandemic. In response […]

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Canadian DB pension plan assets rise 1.9% in April: report

Gideon Scanlon — Thu, 11 May 2023 16:00:11 +0000

A typical Canadian defined benefit pension plan’s funded position improved on a solvency basis and decreased on an accounting basis in April as a result of the strong performance of domestic equities and decreases in bond yields, according to a new report by Telus Health. During the month, the solvency of the typical Canadian DB […]

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