Coronavirus
Morneau names Tiff Macklem new Bank of Canada governor
BY Jordan Press, the Canadian Press | May 1, 2020
Tiff Macklem, a former second-in-command at the Bank of Canada, is returning to the central bank to take over the top job at a moment ...
What role will shadow banking play in the coronavirus crisis?
BY Yaelle Gang | May 1, 2020
Since the last financial crisis in 2008-09, the shadow banking sector in Canada has been growing at a rapid pace, which can pose challenges in ...
Economists agree: No quick rebound from recession is likely
BY Martin Crutsinger, the Associated Press | April 30, 2020
Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back ...
Canadian DB plans return negative 7.1% in first quarter
BY Benefits Canada Staff | April 30, 2020
Canadian defined benefit plans saw a median return of negative 7.1 per cent in the first quarter of 2020, after enduring a historic period of ...
What’s next for variable benefits?
BY Yaelle Gang | April 30, 2020
While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution ...
Employers permitted to suspend DC pension contributions, says FSRA
BY Jennifer Paterson | April 29, 2020
The Financial Services Regulatory Authority of Ontario has confirmed it will permit a suspension of employer contributions to defined contribution pension plans on a temporary basis. However, ...
Coronavirus casting light on different ESG issues
BY Benefits Canada Staff | April 28, 2020
The coronavirus pandemic is hastening certain trends that institutional investors incorporating environmental, social and governance issues have been eyeing for some time. One trend is the democratization ...
UTAM pension portfolio sees 13% return for 2019
BY Staff | April 27, 2020
The University of Toronto Asset Management Corp. has earned a 13 per cent return on its pension portfolio for 2019, and a 12.9 per cent ...
Nova Scotia Teachers’ returns 12.36%, cautions about coronavirus impact
BY Benefits Canada Staff | April 27, 2020
The Nova Scotia Teachers’ Pension Plan is bracing for the effect of the coronavirus pandemic on its assets as it reported a 78.2 per cent funded ...
A tough first quarter for pension managers’ pooled funds
BY Staff | April 24, 2020
It’s no surprise that pension funds had a rough first quarter of 2020 and the latest data from Morneau Shepell Ltd.’s universe of pension managers’ ...
