During the coronavirus market crash, U.S. stocks with higher institutional ownership experienced worse performance, especially those held by active, short-term and domestic institutions, according to a recent paper. Institutional ownership of U.S. stocks has risen to massive levels, comprising 75 per cent of stock ownership overall, noted the paper by researchers at the University of […]
The Canada Pension Plan Investment Board posted a 5.6 per cent net return for its first 2021 fiscal quarter, which ended June 30, 2020. The quarter saw the CPPIB’s net assets grow to $434.4 billion from the $409.6 billion it held at the end of its 2020 fiscal year, which ended March 31, 2020. The […]
While many Canadians likely started the year worried about retirement savings as the markets were ravaged by the coronavirus fallout, some employers continued to introduce new savings offerings to help ensure their employees’ retirement security. In May 2020, the Kitchener-Waterloo Multicultural Centre officially joined the OPSEU Pension Trust’s OPTrust Select, offering its employees a defined benefit […]
Members of the Nunavut Employees Union are taking issue with the requirement they use vacation time to self-isolate if they visit other provinces. The territorial government put restrictions in place for travellers outside of Nunavut in March, which is when members began calling to alert their union, said Bill Fennell, president of the NEU, in […]
A member of parliament from the New Democratic Party is introducing a motion to convert the Canada Emergency Response Benefit into a guaranteed livable basic income. The motion from Leah Gazan, the representative for Winnipeg Centre, is calling on the government to introduce legislation and work with provincial and territorial governments and Indigenous peoples to […]
Canada’s official fiscal watchdog says the federal wage subsidy program may cost $14 billion less than the government predicted. A new report by Parliamentary Budget Office analyst Ben Segel-Brown estimated subsidizing wages for companies during the COVID-19 pandemic will cost $67.9 billion through the end of December. Finance Minister Bill Morneau estimated in his July […]
Company culture is a common term, but what does it actually mean? Though it’s one of those non-tangible concepts that can be difficult to put into words, company culture is generally recognized as an integral part of how employees view and value their employer and their workplaces — and that’s never been more true than […]
As the global economy slogs through one of the most dire situations in living memory, some predict it will bounce right back to its old self, while others aren’t so sure. Janet Rabovsky, independent investment consultant With lockdown restrictions lifting, Canadians are wondering how quickly the economy may rebound. While none of us have a […]
For Chantelle Tadman, returning to work after maternity leave was more eventful than she’d hoped it would be. Between needing to take disability leave during her pregnancy and the maternity leave itself, she was off for 21 months. During that time, her company was acquired, her manager left and her team and job responsibilities completely […]
For defined contribution plan members who were intending to retire in the first half of 2020, the market crash caused by the coronavirus may have upended those plans. Markets reached a trough in March, followed by some recovery, but with little clarity on what investments will do next, it’s a challenging time for plan members […]