BlackRock CEO Larry Fink believes the United States government needs to do more to encourage Americans to save, including creating a mandatory savings program in addition to social security.
The Government of Quebec has tabled a bill to create voluntary retirement savings plans in the province.
Florida fund claims company violated fiduciary obligations.
The 2013 Ontario budget proposes introducing pooled registered pension plans in the province.
State Street Global Advisors (SSgA) is moving its investment management and some related business functions from Canada to its Boston headquarters.
Scotiabank is buying 50% of BBVA’s Peruvian pension fund management business, AFP Horizonte, for $260 million.
The old approach to investing needs to be revisited, according to a report from Russell Investments Canada.
Canadian and American employers reduced costs by cutting hundreds of thousands of jobs in November. There were 71,000 jobs lost in Canada last month—the largest number since the recession in 1982. And the unemployment rate rose 0.1 percentage points to 6.3%, its highest level in two years. “With their businesses already feeling the pinch from […]
The United States government has entered into an agreement with Citigroup to provide a package of guarantees, liquidity access and capital. As part of the agreement, U.S. Treasury Department and the Federal Deposit Insurance Corporation will provide protection against the possibility of large losses on an asset pool of about US$306 billion of loans and […]
At a hastily assembled press conference late Friday afternoon in Montreal, the Caisse de dépôt et placement du Québec tried to dismiss rumours about possible liquidity issues. “The Caisse has no liquidity problems,” said Fernand Perreault, executive vice-president, real estate, who is also the interim president and chief executive until Richard Guay returns from his […]