Industry News

Budget 2009: What pension problem?

In a budget aimed at creating jobs and kicking Canada’s ailing economy into gear, the federal government seems to be putting the country’s pension-related issues on the back burner, for now. However, there are some aspects of Canada’s Economic Plan that are pertinent to institutional investors, plan sponsors, and plan members. Federally regulated pension plans […]

By Jody White |January 27, 2009

4 min read

Budget 2009: “Temporary” deficit to reach $85 billion

Finance Minister Jim Flaherty says the federal government has no choice but to run a massive deficit over the next five years in an attempt to spend its way out of the current recession. And there’s no question the measures in this year’s budget are going to put a severe dent in the federal government’s […]

By Doug Watt |January 27, 2009

2 min read

Briefly: “BoC vows to be “relentless” on inflation stability” and more of Tuesday’s news

Mark Carney, the governor of the Bank of Canada, is using the word relentless to describe the Bank’s resolve to keep inflation under control. Controlling inflation is the best focus of monetary policy to ensure the economic and financial well-being of Canada during a period of financial turmoil, Carney said Tuesday in a speech to […]

By Staff |January 27, 2009

4 min read

Female clients willing to spend less to fight hard times

Women are more receptive to cutting back on spending than men and are more willing to work with an advisor to manage the current financial crisis, a report from Desjardins Financial Security suggests. An autumn survey of more than 1,150 Canadians found that more than 50% of women were expecting to postpone their retirement by […]

By Mark Noble |January 26, 2009

3 min read