The Investment Management Corp. of Ontario is supporting six paid internships at the C.D. Howe Institute for summer 2020. “The COVID-19 pandemic is creating a challenging environment for many students who are struggling to find employment and we’re pleased that we can do our part to help,” said Michael Campbell, the IMCO’s chief client officer, […]
In legal circles, it has always been thought that crises breed litigation. And while that appears to be the case in the current crisis, it may not have been the case in the global financial crisis of 2008/9, as pointed out in a recent article by Eric Blinderman, the chief executive officer for the U.S. […]
With the expectation that most of its workers will be working from home for the rest of 2020, Google is giving all of its global employees an allowance of US$1,000, or the equivalent in their country, to purchase necessary equipment and office furniture. In a letter to employees on Tuesday, Sunder Pichai, chief executive officer […]
Employers with registered supplemental unemployment benefit plans aren’t able to use them to top up laid-off employees who are receiving the Canada Emergency Response Benefit. In an online question and answer session on the CERB, the federal government confirmed that due to the “simplified design” of the benefit, the provisions existing under the employment insurance […]
With air traffic expected to drop by almost 50 per cent in 2020, institutional investors that use aircraft leasing as part of their investment strategies will see compelling investment opportunities, says Justin Bradburn, principal and head of aviation at CarVal Investors. Even when traffic rebounds, airline ticket prices will likely be lower for longer, he […]
Prime Minister Justin Trudeau has confirmed he’ll work with the provinces on creating 10 days of paid sick leave for all Canadians. “Nobody should have to choose between taking a day off work due to illness and having to pay their bills,” he said in his daily briefing on Monday. “That’s why the government will continue discussions […]
The Canada Pension Plan Investment Board saw a 3.1 per cent net return for its fiscal 2020 year, which ended March 31. Rising to $409.6 billion in assets under management, the fund saw $12.1 billion in investment income and $5.5 billion in net contributions. However, the 3.1 per cent return falls short compared to the fund’s 8.9 per […]
The leader of the Saskatchewan New Democratic Party is calling on the provincial government to implement binding arbitration to end the months-long lockout and pension dispute between Federated Co-operatives Ltd. and its refinery workers. “This lockout has gone on far too long. The premier needs to show leadership and bring it to an end,” said Ryan Meili, […]
It’s hard to believe that just recently, people weren’t cutting their own hair or binge-watching Tiger King. At the beginning of the year, defined benefit funding levels were at record highs and many pension plan sponsors were considering reducing their pension risk. Fast forward a few months and the novel coronavirus has turned the world […]
When it comes to living through any stressful and uncertain time, routine is one of the unsung heroes. In a situation like the current coronavirus pandemic, routine provides reassurance that, even though entire countries are facing various degrees of hardship and uncertainty, we can still appreciate constants in our lives. The level of drastic change will […]