In Monday’s federal election, the Liberal Party of Canada won a minority government with the Conservative Party of Canada taking official opposition status and both the Bloc Québécois and New Democratic Party collecting enough seats to potentially prop up a Liberal government. Overall, these political changes will likely have a very modest impact on broad […]
China’s debt problem is serious, but the risk of a hard landing or banking crisis is, in my view, low. The reason is that the potential bad debts are corporate, not household, debts and were made at the direction of the state—by state-controlled banks to state-owned enterprises, as part of a stimulus in response to […]
Imagine a scenario where an employee can’t afford to opt into their company’s defined contribution pension plan because of debt. Regardless of whether it’s a mortgage, student loan or credit card debt, the employee has more urgent short-term priorities, so saving for retirement is being pushed to the back-burner. How can employers ensure they’re talking […]
Three-quarters (74 per cent) of employees said financial benefits, such as savings tools, offered by their employer at the time of a pay raise would lead to less stress, while 78 per cent said it would help them feel more confident about their finances, according to a new survey by Commonwealth. The survey, which polled […]
From the end of 2015 to the end of 2017, impact investing in Canada has grown by 81 per cent, representing $14.75 billion, according to a new report by the Responsible Investment Association. “Like any pre-teen, impact investing currently sits on the edge of youthful maturity,” said Kelly Gauthier, RIA board member and managing director of impact advisory at […]
To find value in a competitive infrastructure market filled with dry powder, plan sponsors can look beyond equity and senior debt, focusing instead on junior infrastructure debt, according to Claire Smith, alternatives director at Schroders. “Canadian pension funds are no stranger to infrastructure equity investment, but we’ve seen valuations in this market getting higher,” she […]
Rewind to 2017. It was a very unusual year, with global growth receiving a boost from a combination of ultra-supportive financial conditions, a temporary boom in the global trade cycle and the absence of any adverse political or financial shocks, said Darren Williams, senior vice-president and director of global economic research at AllianceBernstein, speaking at […]
Just six per cent of Canadians cited saving for retirement as a financial priority in 2019, according to a new survey by CIBC. Paying down debt was the top financial priority for survey respondents, followed by keeping up with bills and getting by (14 per cent), growing wealth (12 per cent) and saving for a […]
Household debt and high housing prices are complicating an otherwise fairly rosy picture of the Canadian economy, said Stephen Poloz, governor of the Bank of Canada, in a speech hosted by the CFA Society Toronto on Thursday. The bank’s most recent rate decision, which took place on Wednesday, maintained the current rate of 1.75 per cent. […]
The majority (80 per cent) of Canadian executives in the finance industry would be willing to provide tuition reimbursement or professional development for new employees without a degree, according to a survey by Robert Half Canada Inc. The survey, which polled 270 Canadian finance leaders, found 81 of small organizations and 67 per cent of larger […]