oil – Benefits Canada.com

Independent Electricity System Operator using diversification to beat volatility

bmcgovern — Fri, 10 May 2024 12:55:54 +0000

The Independent Electricity System Operator’s pension plan is in the midst of a comeback from a period of heightened post-coronavirus pandemic volatility, with diversification as the key to its investment roadmap, says Jeannette Briggs, the organization’s director of corporate finance who served as chair of its pension management committee from 2021 to 2023. After conducting […]

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Caisse promising to divest from oil production by end of 2022

bwolfe — Tue, 28 Sep 2021 17:00:36 +0000

The Caisse de dépôt et placement du Québec is planning to completely divest from oil production — roughly one per cent of its total portfolio or about $3.9 billion based on the size of its net assets as of June 30 — by the end of 2022, as part of its new climate change strategy. […]

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Is value investing still relevant?

mschmit — Thu, 23 Jul 2020 04:08:42 +0000

With a rough 2020 year-to-date, value investing’s recent poor performance follows over a decade of underperformance, leaving many to ask if it’s still relevant, according to a new white paper by Mercer. Between 1927 and 2008, the average annual value premium was 5.5 per cent, but since then results have been lacklustre. In the 2010s, […]

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What’s dragging down the Canadian economy as the world reopens?

mschmit — Fri, 26 Jun 2020 04:05:37 +0000

Along with the rest of the globe, Canada isn’t likely to see the V-shaped recovery that institutional investors were hoping for as it stares down the recessionary road ahead. “Canadian activity was also on the softening path even at the end of last year,” says Irene Lauro, an economist at Schroders. “And this is because […]

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Coronavirus pummels certain real estate assets, bolsters others: report

mschmit — Wed, 03 Jun 2020 04:40:47 +0000

While real assets have traditionally served institutional investors well during times of economic stress, the ramifications of the coronavirus pandemic are starting to take their toll in some places. In commercial real estate, investors will likely re-evaluate their capital spending for 2020 in pockets like Edmonton and Calgary with the areas hit hard by the […]

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Q&A: Oil prices go negative. What does that mean?

mschmit — Tue, 21 Apr 2020 03:40:51 +0000

The world is awash in oil, there’s little demand for it and we’re running out of places to put it. That in a nutshell explains Monday’s strange and unprecedented action in the market for crude oil futures contracts, where traders essentially offered to pay someone else to deal with the oil they were due to […]

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Bank of Canada would have cut rates on oil shock alone, Poloz tells MPs

mschmit — Fri, 17 Apr 2020 04:21:06 +0000

The governor of the Bank of Canada says the central bank would have likely slashed its key interest rate in response to plunging oil prices, if that alone had been the only shock to the domestic economy. The cut might even have been to the current 0.25 per cent level it reached as the COVID-19 […]

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A coronavirus game plan for defined benefit pension plans

mschmit — Thu, 02 Apr 2020 09:23:49 +0000

The novel coronavirus has introduced unprecedented volatility to financial markets and is taking its toll on pension plans. We’ve seen sharp corrections in most equity markets. At its lowest point in the correction to date, the S&P 500 lost 34 per cent of its value, from its peak in February. The TSX, which has also […]

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CPPIB CEO bullish on oil despite price crash, emissions debate

mschmit — Tue, 10 Mar 2020 03:22:41 +0000

The chief executive officer of the Canada Pension Plan Investment Board says Monday’s oil price crash and stock market selloff will hurt Canadian energy companies that have weak balance sheets and high debt. But Mark Machin says those with strong books will survive — and companies with money should be following his organization’s example and […]

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2019 Top 40 Money Managers Report: How plan sponsors are hedging portfolio exposure in their own sectors

mschmit — Fri, 22 Nov 2019 05:02:14 +0000

Canada’s economy is famously reliant on its rich natural resources, with a heaping helping of financial service providers thrown in for good measure. But when oil companies, mining outfits or Canadian banks are deciding how to invest the capital in their pension funds, does it make sense to steer clear of exposures that directly correlate […]

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