Greece is so battered even vulture funds are abandoning it. Canadian DB pension plans likely lack direct exposure to it, since they want to preserve their recent gains.
In May, the Conservative government said it will look into allowing Canadians to voluntarily put more of their earnings into the Canada Pension Plan. Announced just before the 2015 federal election, this idea strikes some as merely a marketing campaign. Industry practitioners say even if it comes to pass—and that’s a big if, because it […]
As early as two months from now, history might repeat itself in the eurozone. After months of wrangling, Greek Prime Minister Alexis Tsipras has finally agreed to creditors’ demands for more austerity in exchange for a third Greek bailout. Still, the battered country has a number of political hurdles to clear in the coming days […]
Canadian employers who’ve been unable to fill certain jobs should turn to Express Entry, the new federal immigration program that gives highly skilled immigrants an accelerated path to permanent residence in the country. Chris Alexander, federal minister of citizenship and immigration, delivered this message on Friday afternoon in Toronto at an event hosted by the […]
The last bastion of DB plans—the public sector—is under attack, but there’s still life in the DB model
You probably remember the headlines earlier this year when Anthem, the second biggest U.S. health insurance company, suffered a massive data breach. Hackers stole the personal information of 80 million Americans, many of whom were current and former members of Anthem health benefits plans. And just recently, another U.S. health insurer, CareFirst, discovered it had been hacked last year. As a result, 1.1 million of its customers had their data exposed.
So you just received a text or email from your young co-worker, and it's full of acronyms you don’t understand. Don’t worry—we’ve got you covered! Here’s our handy glossary of popular (and not so popular) Internet acronyms you might come across in work correspondence. URW!
This year, the fastest-growing strategy in the realm of exchange-traded funds (ETFs) has been the use of multi-factor models. This strategy—which provides simultaneous exposure to several dimensions of the market, such as value, momentum, dividend and volatility—often brings better risk-adjusted returns. But, critics note, it fails to completely eliminate unpredictability. Read: Can ETFs work in […]
As long as population growth—particularly from immigration—continues in Toronto, the condo market in Canada’s largest city will remain vibrant, industry stakeholders predict. “Prices will continue to increase only if immigration continues,” Sam Mizrahi, president of Mizrahi Developments and himself an immigrant, said on Thursday, speaking at a Toronto event organized by Bloomberg. Read: The real […]
If the Conservative Party gets re-elected this October, it will continue prioritizing low taxes and free trade, Finance Minister Joe Oliver said on Thursday, speaking at a Toronto event organized by Bloomberg. “As the debt declines and as debt payments decline as a portion of expenditures, there’s more opportunity to provide tax relief and benefits […]