Efforts by central banks to reduce inflation could spark a global recession, according to a new report from the World Bank. “If the degree of global monetary policy tightening currently anticipated by markets is not enough to lower inflation to targets, experience from past global recessions suggests that the requisite additional tightening could give rise […]
The Ontario Municipal Employees’ Retirement System is reporting a net investment return of negative 0.4 per cent — or a loss of $500 million — for the first half of 2022. During the period, the OMERS earned a net investment return of six per cent — or a gain of $6.7 billion — after reporting […]
While institutional investors are no strangers to established markets such as Europe and the U.S., the world’s emerging and frontier markets can provide diversification and opportunities for lucrative returns. Not surprisingly, events such as the coronavirus pandemic and a shifting geopolitical landscape are influencing these decisions in 2022 and beyond. In recent months, Russia’s invasion […]
The European Central Bank is expected to raise interest rates for the first time since 2011. In a statement, the bank said it plans to raise interest rates by 25 points on July 21, from negative 0.5 per cent to negative 0.25 per cent. The decision comes in response to inflationary pressures, which hit 8.1 […]
Michael Wissell, the Healthcare of Ontario Pension Plan’s recently appointed chief investment officer, is stewarding the $114.4-billion plan’s growth while preserving its historic drivers of success. This mandate isn’t a simple one. On one hand, the HOOPP boasts a solvency ratio of 120 per cent and uses a liability-driven investment model that helped its 10-year […]
Right from the very beginning, the coronavirus pandemic has taken Canadian real estate investors on a wild ride. After the freefalling panic of March 2020, the sector settled into a relatively comfortable rhythm and undulated through several waves of the virus, saving one of its steeper peaks and troughs for the tail end of 2021. […]
The U.S. Federal Reserve is launching a high-risk effort to tame inflation, raising its benchmark short-term interest rate and signaling up to seven rate hikes. The central bank raised its key rate by a quarter-point hike, which it had pinned near zero since March 2020. In early March 2022, the Bank of Canada announced it […]
In a move widely anticipated by the financial sector, the Bank of Canada is increasing its target for the overnight rate to 0.5 per cent. “Persistently elevated inflation is increasing the risk that longer-run inflation expectations could drift upwards,” said the bank in a press release. “The bank will use its monetary policy tools to […]
The Bank of Canada kept its key interest rate on hold Wednesday, but warned higher interest rates are coming to help it reel in inflation from its hottest pace in three decades. The central bank lined up to kick off what’s expected to be a series of rate hikes this year starting as early as […]
Coronavirus vaccinations and the US$1.9-trillion fiscal stimulus package are paving the way for the U.S. economy to recover as the world enters the second year of the coronavirus pandemic, in turn driving investor demand for equities and risk assets, according to a recent webinar hosted by Natixis Investment Managers. Esty Dwek, global market strategist at […]