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ABCP Problem to be Resolved Soon: Crawford

The pan-Canadian investors committee overseeing the restructuring of third-party asset-backed commercial paper(ABCP)expects to have the problem resolved by mid-December, said the committee’s chairman. “We expect to be able to provide investors with definitive restructuring proposals for each affected conduit prior to the expiry of extended standstill agreement,” said Purdy Crawford during a conference call this […]

  • October 16, 2007 September 13, 2019
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New Holiday to Cost Ontario Employers

A new statutory holiday in February will be an added expense for many employers, according to Fasken Martineau. “For others, however, the new holiday may replace an existing floater holiday,” says an email from the law firm. “Human resource professionals in Ontario would be wise to check their employment policies and collective agreements sooner rather […]

  • October 16, 2007 September 13, 2019
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Wellness Programs Are Global

Wellness programs in the workplace are most prevalent in the United States with 86% of organizations offering them, but even outside North America, about one in five employers offer wellness programs, according to a survey. Buck Consultants’ study, Working Well: A Global Survey of Health Promotion and workplace wellness strategies finds that multinational employers that […]

  • October 12, 2007 September 13, 2019
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SSgA Expands Canadian Presence

State Street Global Advisors is expanding its presence in Canada and has acquired new office space in downtown Toronto. “The growth of our office in Toronto emphasizes our commitment to having a strong presence in Canada, the eighth largest economy in the world, and an important part of SSgA’s global strategy,” says Otello Sturino, the […]

  • October 12, 2007 September 13, 2019
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OECP Adds More Hearing Dates

The Ontario Expert Commission on Pensions(OECP)will have more hearings than previously planned and has also released the names of those who will be making presentations. There will now 12 hearings instead of 10, with two additional hearings to be held in Toronto. Some of the presenters scheduled over the next few weeks include: the Pension […]

  • October 11, 2007 September 13, 2019
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Workers More Optimistic Than Employers About Salary Increases

Workers in Quebec appear to be more optimistic than their employers about salary increases for the coming year, according to a survey. The CROP-ORHRI survey finds that Quebec workers expect an average 3.9% increase in 2008. When broken down by gender, this percentage climbs to 4.4% for men, compared to only 3.3% for women. “Women’s […]

  • October 11, 2007 September 13, 2019
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130/30 Not So Alternative

A 130/30 strategy shouldn’t be considered to be an alternative investment, according to a roundtable discussion today at the Hedge Funds World Canada 2007 conference in Toronto. It’s a substitute for a traditional investment with a new technique, said Kevin LeBlanc, managing director, TD Asset Management Inc. He added that it is a substitute for […]

  • October 10, 2007 September 13, 2019
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Equity Market Rise Boosts Funded Status of U.S. Plans

Rising equity markets boosted the funded status of typical U.S. pension plans by 2.4% in September, says a report. BNY Mellon Asset Management reports that assets of a moderate risk pension portfolio increased 2.6% in September, far outpacing the 0.2% rise in a typical plan’s liabilities. “Lower volatility and an easing Federal Reserve brought relief […]

  • October 10, 2007 September 13, 2019
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Pension Plans Hurt by Strong Loonie

The financial health of pension plans stumbled in the third quarter because of a strong Canadian dollar, according to the Mercer Pension Health Index. In Canadian dollar terms, international and U.S. equities returned -4.5% and -4.7%, respectively, during the quarter as represented by the MSCI EAFE and S&P 500. The impact of the rise in […]

  • October 9, 2007 September 13, 2019
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State Street Could Face More Investment Suits

State Street may face legal action by the state attorneys general of Idaho and Alaska over steep losses suffered during the credit crisis in August, according to a newspaper report. The Wall Street Journal reports that the Public Employee Retirement System of Idaho and the Alaska Retirement Management Board thought they invested in two relatively […]

  • October 9, 2007 September 13, 2019
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