The Bank of Canada says overcoming the economic suffering inflicted by the commodity-price shock essentially boils down to one main option: ride it out. In a speech Thursday, central bank governor Stephen Poloz said no simple policy response will fix the problem, although some measures can buffer the negative effects of factors such as the […]
There’s a delay of up to six months in the US$900-million sale of Encana’s DJ Basin oil and gas assets in Colorado to a group led by the Canada Pension Plan Investment Board (CPPIB). The transaction was originally to close by the end of 2015 but that’s been pushed to the second quarter of 2016. […]
The Canada Pension Plan Investment Board (CPPIB) is committing an additional US$1 billion to logistics investments in China. The funds will be allocated to the Goodman China Logistics Partnership, set up in 2009 to focus on key markets such as the Shanghai and Beijing regions of China. Goodman Group will also commit an additional US$250 […]
The Conference Board of Canada says the proposed Ontario Retirement Pension Plan (ORPP) will mean long-term increases in income that offset the small negative effect on the economy over the near-to-medium term. But some are concerned about the design of the plan and the confusion it’s still causing among many employers. In a cost-benefit analysis […]
A new report by Statistics Canada says automatic increases in registered pension plans are most helpful to people who don’t save much in registered retirement savings plans. The report found that for workers with annual earnings near the Canadian average, a $1 automatic increase in registered pension plan contributions resulted in an average reduction in […]
The tax rules are changing in 2016 and even if Canadians don’t make enough to be hit by the new top federal income tax rate, they will have to review their financial plans. The vast majority of Canadians will not be affected by the new tax bracket for income over $200,000 a year, but everyone […]
The new Liberal government in Newfoundland and Labrador is dropping an effort to collect on pension overpayments to more than 400 people. The pensioners had owed amounts ranging from less than $300 to more than $30,000. An audit dating back 20 years found the provincial payments weren’t properly adjusted when Canada Pension Plan benefits started […]
Embattled Valeant Pharmaceuticals is slashing its expectations for the current quarter and 2015 as a whole and issuing a guarded outlook for next year as well. Valeant is lowering its per-share profit expectations for the year, reported in U.S. currency, from between $11.67 and $11.87, to between $10.23 and $10.33. That’s well short of the […]
Employers who once believed family matters have no business in the workplace will have to start rethinking their position if they hope to stay on the right side of Canada’s evolving employment laws, experts suggested Tuesday. A landmark federal court decision that states workplaces are obliged to accommodate reasonable childcare-related requests from their employees signals […]
The Canadian dollar sold off for a third day today, amid data showing tame inflation and changing expectations for the timing of the next interest rate hike by the Bank of Canada. The currency was 0.31 of a cent lower to 99.4 cents U.S. as Statistics Canada said that Canada’s annual inflation rate was 0.8% […]