The coronavirus pandemic will leave some long-term economic damage that will only become clearer as the country moves further along a “prolonged and bumpy” course to recovery, Canada’s top central banker says. In his first speech as governor, Tiff Macklem said the central bank expects to see growth in the third quarter of this year […]
For many employers, the newly digital office environment necessitated by the coronavirus pandemic can be awkward, especially for recent graduates entering career-track jobs for the firm time. “Personally, I’m saddened by the situation for a number of reasons, but certainly for those students that are graduating and looking for summer internships, . . . hiring […]
Three-quarters (75 per cent) of global employees said they feel their employers have been taking care of their well-being during the coronavirus pandemic, according to a new survey by human resources organization Randstad. Among Canadian survey respondents, this figure increased to 77 per cent. Around the same percentage (76 per cent) of global workers said […]
In the early days of litigation finance, most fund managers sold a concept and their own capabilities, but not much else. And risky strategies attracted risky investors. For instance, litigation finance attracted high net-worth individual and family office capital from those who are very comfortable assuming risks. It also attracted sophisticated hedge funds who get […]
The limitation of prescriptions to 30-day supplies aims to protect against drug shortages, but it’s creating challenges for Canadians who are living on fixed incomes. Beverley Zwicker, chief executive officer and registrar at the Nova Scotia College of Pharmacists The coronavirus pandemic has challenged us all to work together for the greater good. We now […]
As if preparing for retirement wasn’t already a steep challenge, along comes the coronavirus pandemic and its impact on the global economy, throwing up even more obstacles for capital accumulation plan members to maneuver. This year’s annual CAP Member Survey, supported by Actuarial Solutions Inc. and Morneau Shepell Ltd., fielded its questions between March 30 […]
Investors were already feeling the pressures of historically low interest rates. Then came the coronavirus pandemic. The Bank of Canada cut its overnight interest rate at the end of March to an all-time low of 0.25 per cent and announced a plan to spend $5 billion per week on Government of Canada bonds. This came […]
On May 21, Benefits Canada hosted a webinar to explore the coronavirus pandemic’s impact on chronic disease in the workplace, as well as how virtual solutions can support employee health through this unprecedented time. All employers are currently facing the same concerns, said Marie-Josée Le Blanc, a partner at Mercer, during the webinar. Pointing to the 2019 […]
Canada’s new top central banker says the Bank of Canada has no intention to raise interest rates given the current economic circumstances created by the coronavirus pandemic. Governor Tiff Macklem says the central bank is focused on delivering low interest rates for the foreseeable future to support an economic recovery. That should also help lower […]
The last decade of persistently low interest rates, exacerbated by the coronavirus crisis, has created challenges for institutional investors looking to generate income on their bond investments. The challenge has been more acute for pension funds and foundations, who rely on bond investments to fund their ongoing benefit and program obligations. Moreover, indications from global […]