As eurozone nations continue to struggle with debt, many predict that emerging markets will continue to outperform developed markets in 2013. Brazil, Mexico, Russia and Thailand will likely see 3.5% to 4% growth; India, 5% to 6%; and China, 8%, according to Warren Jestin, chief economist with Scotiabank, speaking at the Economic Club of Canada’s annual outlook event in January.
Canadians need help when it comes to finances.
Canadian institutional investors have a large home bias, but with U.S. stock markets recently outperforming Canadian ones, they might want to rethink their strategy—and remember their closest neighbour to the south.
Pensions at the dinner table, recalls Jane Ambachtsheer of her early years spent with her father, Keith Ambachtsheer, president and founder of KPA Advisory Services Ltd., and a well-known name in the industry.
Sean McCoy, senior consultant with InterSec Research, looked at what institutional investors are considering for their in portfolios at the CPBI’s Pension Investment Forecast earlier this week.
Pension plan investors in Canada can except a slow start to the year but a strong finish, according to the country’s economists. They put in their two cents at the annual economic outlook presented by the Economic Club of Canada on Friday morning. Here’s a look at the effects in Canada, the U.S. and around the world.
Bill Morneau called it the “perfect cure” for insomniacs. Fred Vettese noted that people who bought the book on Amazon.ca also bought Dark Night Rises.
North American institutional investors have been looking for yield in all the wrong places it seems. But that’s starting to change.
By the early ’80s, flexible benefits had really taken off in the U.S., but it was still a relatively unknown concept north of the 49th parallel. “With such a different environment in Canada, a lot of people thought Canadians really didn’t need choice in healthcare, because it’s not the same issue,” says Bob McKay, retired last year from Aon Hewitt (formerly Hewitt Associates).
Like many people who work in pensions, Elaine Noel-Bentley certainly didn’t expect to end up in the industry. “Nine-year-olds don’t say, ‘I’m going to be a pension guru when I grow up,’ ” she says.