News

BCI investing in Indian telecom towers

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The British Columbia Investment Management Corp. is investing in an Indian telecommunications tower company alongside Brookfield Infrastructure Partners and its institutional partners. With the transaction totalling an equity commitment ...

Economists agree we’re in a recession, but there’s little consensus on why

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Economists say there is no doubt that Canada is experiencing a recession, but the exact criteria determining one is underway can be fraught with confusion. Broadly ...

Canadian economy posted record drop in second quarter due to pandemic

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The Canadian economy suffered its worst three-month stretch on record in the second quarter as the economy came to a near halt in April before ...

Aon, Willis Towers Watson merger receives shareholder approval

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Aon and Willis Towers Watson’s proposed merger has received approval by their respective shareholders. The merger, announced in March, remains subject to customary regulatory and other closing ...

Macklem says central bankers must speak simply or risk losing public trust

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The head of the Bank of Canada made an international pitch to his fellow central bankers on Thursday to forge closer ties with average citizens ...

Fed: Rates to stay ultra low even after inflation picks up

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The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after ...

Mohawk College Foundation joins CAAT’s DBplus

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The Mohawk College Foundation is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus. Prior to the move, which took effect Aug. ...

Bank of Canada eyes effect on wealth, income distribution in review: Wilkins

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The second-in-command at the Bank of Canada said Wednesday that any changes to the underpinning of its monetary policy will be judged against how they ...

Mark Carney joins Brookfield Asset Management

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Mark Carney will lead a team at Brookfield Asset Management focused on investing in positive environmental, social and governance changes, the alternative asset manager said ...

A do-it-yourself approach to buy-in annuities

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With an aging population of baby boomers and a general trend toward closing defined benefit pensions, many plan sponsors are facing negative cash flow situations. In ...

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