reserve currency – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Thu, 21 Nov 2024 22:24:05 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Survey finds institutional investors expect yuan to achieve reserve currency status https://www.benefitscanada.com/canadian-investment-review/emerging-global-markets-canadian-investment-review/survey-finds-institutional-investors-expect-yuan-to-achieve-reserve-currency-status/ Thu, 07 Sep 2023 15:00:31 +0000 https://www.benefitscanada.com/?p=143025 Nearly all (93 per cent) institutional investors believe the Chinese yuan is going to become the reserve currency for multiple countries within the next five years, according to a new study by mining firm Tresor Gold. It found a third (30 per cent) of respondents believe the move will prove highly successful, while only two per cent […]

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]]> What does Fitch’s downgrade of Canada mean for institutional investors? https://www.benefitscanada.com/canadian-investment-review/research-markets/what-does-fitchs-downgrade-of-canada-mean-for-institutional-investors/ https://www.benefitscanada.com/canadian-investment-review/research-markets/what-does-fitchs-downgrade-of-canada-mean-for-institutional-investors/#respond Mon, 29 Jun 2020 10:02:44 +0000 https://cumulus.benefitscanada.com/uncategorized/what-does-fitchs-downgrade-of-canada-mean-for-institutional-investors/ Since 2004, Canada has held a AAA rating from all major ratings agencies, but on June 24, it suffered a blow when Fitch Ratings Inc. downgraded the country to AA+. “The rating downgrade reflects the deterioration of Canada’s public finances in 2020 resulting from the coronavirus pandemic,” said the Fitch in a rating action commentary […]

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