It may take up to 18 months for central banks policies to curb inflation to around two per cent on an annual basis, says Julianna Spiropoulos, partner and head of investment strategy, investment and risk at LifeWorks Inc. “Around the world, there’s concern about persistent inflation. . . . Central banks need to get inflation […]
The value of a typical Canadian defined benefit pension plan’s assets declined in June, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets decline by 5.4 per cent over the month. The benchmark portfolio is composed of 50 per cent equities and 50 per […]
The union representing Pacific Western Transit Canada workers in Pemberton, Squamish and Whistler, B.C., has ratified a five-year collective agreement that will see members move to the Colleges of Applied Arts and Technology pension plan’s DBplus. Members will contribute three per cent to the plan with an equivalent employer match, says Gavin Davies, a national […]
The funded position of a typical defined benefit pension plan decreased on a solvency basis but increased on an accounting basis in January, according to LifeWorks Inc.’s latest monthly report. During the first month of the year, the solvency index, which provides an indication of changes in the solvency funding level of the average pension […]
Canada’s consumer price index rose by more than half a per cent in July, reaching 3.7 per cent on a year-over-year basis, according to Statistics Canada. Canadians saw the cost of shelter rise faster than any other spending category outside of gasoline, with real estate prices rising 13.4 per cent year-over-year. Inflation hit new home […]
The Bank of Canada is turning to the public for input on its inflation-rate target that underlies any changes to the central bank’s trend-setting interest rate. The bank had already planned on a much broader consultation than what it did for previous reviews long before the coronavirus pandemic struck Canada and forced a sharp decline […]
The country’s inflation barometer turned positive last month after two months of deflation as the consumer price index increased by 0.7 per cent in June compared to a year earlier, Statistics Canada reported Wednesday. The consumer price index had registered two months of negative readings leading up to June, first with 0.2 per cent annualized […]
Statistics Canada says Canadians’ buying patterns changed so much during the coronavirus pandemic that its measure of consumer inflation went a little wobbly. The agency previously reported that year-over-year inflation declined by 0.2 per cent in April, then took a further drop of 0.4 per cent in May as lockdowns put a damper on consumer […]
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 […]
Canada’s inflation rate turned negative in April as the economy came to a standstill in the first full month of the pandemic as part of a spending shift that a top central banker says may signal further changes in consumption patterns post-COVID-19. Statistics Canada said Wednesday the consumer price index for April fell 0.2 per […]