Saskatoon transit workers have withdrawn their job action, which included work to rule and a ban to overtime, after a majority ratified a collective agreement with the City of Saskatoon on Tuesday. Members of the Amalgamated Transit Union Local 615 voted 55.83 per cent in favour of the agreement and city council will finalize the […]
With global institutional investors expecting political and economic events to increase market volatility in 2017, many are looking to alternative assets and active management in order to manage risk and boost returns, according to a new survey by Natixis Global Asset Management. The survey, which included responses from 500 global institutional investors, found respondents are […]
With oil prices slumping, several Middle Eastern countries began issuing sovereign bonds this year. But amid a year of uncertainty, what opportunities and risk do those bonds present to investors? Several economic factors had tipped the scale in favour of emerging-market bonds earlier in the year, including compressed yields from U.S. treasuries and continued low […]
There are obvious social upsides to thinking green when it comes to making investment decisions, but is it worth the cost when buying real estate? For OPTrust, the Ontario public sector pension fund has seen a strong business case for embracing sustainability since it started investing directly in real estate in 2005. “We recognize . […]
Nearly a third (29 per cent) of Canadians are distracted at work as a result of their personal financial situation, according to Sun Life Financial’s 2016 health index. Its survey, which polled 2,402 Canadians, found three of the top four stressors are personal and household finances (45 per cent), budgeting (32 per cent) and unexpected […]
Investors would be wise to pay attention to upcoming political events when deciding on asset allocations, participants at an investment symposium heard yesterday. “One thing [U.S. president-elect Donald] Trump will do is supercharge our idea of fiscal stimulus,” Scott DiMaggio, director of global and Canada fixed income at Alliance Bernstein, told participants at an investment […]
Canadian Bank Note Company Ltd. has entered into a longevity agreement with the Canada Life Assurance Co., transferring $35 million of longevity risk associated with its defined benefit pension plan. The company, which designs and manufactures anti-counterfeit documents, has about 200 retirees and 100 active members in the plan. In 2012, its pension committee learned […]
The majority of Canadians between age 35 and 54 are not saving enough for retirement, according to a new TD survey that looked at the demographic’s retirement readiness. It found 60 per cent aren’t saving enough for retirement and don’t expect to retire on time while 29 per cent expect to be working in some […]
The government of Manitoba has introduced legislation to bring pooled registered pension plans to the province, a move first referenced in the throne speech on Monday. The PRPP legislation will build on federal legislation in setting out rules and procedures for establishing the retirement plan, following other provinces that have made PRPPs a voluntary option […]
Unlimited vacation, free parking, car allowances, concierge services such as food delivery, dog walking and housecleaning are just some of the new perks several companies are offering as part of their total rewards packages. With millennials now dominating the workplace and baby boomers delaying retirement, the addition of creative benefits are a sign that employees […]