Originally from our sister publication, Advisor.ca. Once seen as a rarity, the idea of working during retirement has gone mainstream. A new survey by CIBC suggests that a substantial majority of Canadians—69%—plan to stay in the workforce in some capacity. The largest percentage (45%) expect they will work part-time, either to supplement their retirement income […]
Originally from our sister publication, Advisor.ca. Here’s a shock: international business and political events shook the confidence of Canadian investors in the third quarter. That’s the finding of the latest Manulife Financial Investor Sentiment Index survey. The debate over raising the American debt ceiling was cited by 34% of survey respondents as a cause for […]
Originally from our sister publication, Advisor.ca. World leaders need to co-operate on building a sustainable global financial framework, even if it means setting aside some of their national priorities in the process. The stakes are simply too high for larger economic players to chart their own course, according to a Canadian with some recent experience […]
Originally from our sister publication, Advisor.ca. As financial professionals, you already know that recent market volatility has provided ample opportunity to deploy capital—if only your clients have the nerve to swim against the current. From late July through the first trading sessions of October, most major indices have fallen by more than 10%; some, more […]
Originally from our sister publication, Advisor.ca. In the months following Lehman Brothers’ implosion, investors stampeded into bonds, with U.S. Treasuries the issue of choice. Since then, market watchers have repeatedly warned of an impending slaughter, as interest rates would eventually have to rise. While that rise may be inevitable, it is not coming any time […]
Sun Life Financial has announced it has bought out the minority shares in its McLean Budden investment management subsidiary, and will transfer the business to its MFS Investment Management (MFS) unit. Minority shareholders accounted for 32.4% of ownership, and the transaction is valued at about $144 million. That price will rise if certain performance targets […]
Canadian consumers were a little less confident in August, particularly regarding job creation and their household finances, according to The Conference Board of Canada’s Index of Consumer Confidence. The index fell 6.6 points, to a reading of 74.7. This marks the fourth consecutive month of decline and the lowest level of confidence since July 2009. “This […]
With global markets in turmoil and renewed fears of a global economic recession, one might expect that Canadian companies would be tightening their purse strings. This does not appear to be the case when it comes to salary budgets for 2012, according to a Morneau Shepell survey. On average, respondents said they were planning salary […]
Traditional approaches to drug plans need to be revisited, but the industry needs to move toward a properly designed flexible benefits program that fosters better understanding among members, according to Morneau Shepell’s recent News & Views. While rate of drug cost increases has been slowing recently, the company says new drugs coming on the market […]
Monday’s passing of Jack Layton marks more than the loss of a political icon. Layton was a staunch advocate of a stronger government role in retirement funding. Layton was a strong advocate for pension reform and retirement adequacy. Expanding the Canada Pension Plan and Quebec Pension Plan was a central plank in the platform of […]