Are You Retirement Ready? Featured Articles

Investors calling for board oversight of human rights risk at Alphabet

Kelsey Rolfe | June 3, 2020 A group of more than 80 global investment managers with a combined $10 trillion in assets under management is calling on Alphabet Inc. to implement board-level oversight for human rights risks. The Investor Alliance for Human Rights, which includes co-filers Hermes Investment Management, Loring, Wolcott and Coolidge, Robeco and Canadian responsible investing firm NEI Investments, is advancing a shareholder resolution for Google’s parent company to establish a human rights risk oversight committee. Shareholders will vote on the resolution at Alphabet’s annual general meeting on Wednesday. Proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co. have voiced their support for...

Caisse, CPPIB building on investment in engineering firm

Staff | June 3, 2020 The Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board are investing in WSP Global Inc., an engineering and design services firm, through a private placement of common shares. The Caisse is set to buy about $44 million of common shares in aggregate, while a subsidiary of the CPPIB is purchasing about $20 million. These investments build on previous investments by both pension funds in WSP. “This additional investment is a continuation of our partnership with WSP,” said Kim Thomassin, executive vice-president and head of Quebec investments and stewardship investing at the Caisse, in...

News and tips about income tax in Canada

TFSA Investors Can Trust This 4% Dividend Stock

TFSA investors are a step ahead of normal savers. Armed with a tax-advantaged account, they can take a wide variety of bets without any tax ... business is rate regulated given the company controls 98% of Ontario's T&D market. Source

'We want to make sure clients understand what they're buying'

Mark Raes, head of product, BMO Global Asset Management, told WP that DSCs have been a declining element of its AUM and sales for a number of years. The decision to stop using that model, he added, reflects the realities of the industry and the importance BMO places on fee transparency. “We want to make sure that clients understand what they're buying,” he said. “It’s not something we thought was going to be around for long and sure enough the announce came out that, in 2022, that’ll be the end of it outside of Ontario. “That made the decision easier...

How to better serve clients with dementia

“Hopefully, if the relationship evolves gradually and you get to meet the attorney and in an environment that's not contentious and not difficult, you will develop a relationship and maybe joint decisions will be made between the client and the attorney  in a gradual process. But keep in mind again, that it's always the best decisions of the client that you need to keep in mind, not what's in the best interests of the attorney, and this is where the financial abuse discussion often will start to come into the picture.” Financial abuse is a serious risk for clients with...

Lowering of interest rates 'exceptionally unlikely'

Sean Coakley, market strategist at Cambridge Global Payments, agreed that the rate doves and market expectations are likely to be disappointed with the decision. He said: “It’s exceptionally unlikely that the Federal Reserve or Bank of Canada will move interest rates below the lower bound of 0%. Negative - and to a certain extent low - interest rates would be devastating for the banking sector and there is little upside seen in the real economy, which has been absolutely slaughtered with job losses. “The ECB and BOJ’s experience with negative interest rates has been instructive; it has weakened their banking...

Coronavirus pummels certain real estate assets, bolsters others

Staff  | June 1, 2020 While real assets have traditionally served institutional investors well during times of economic stress, the ramifications of the coronavirus pandemic are starting to take their toll in some places. In commercial real estate, investors will likely re-evaluate their capital spending for 2020 in pockets like Edmonton and Calgary with the areas hit hard by the crash in oil prices after already suffering from low commodity prices for half a decade, according to a new report by TD Asset Management. Meanwhile, stronger cities for real estate, like Vancouver, Toronto and Montreal, have seen positive trends in rental...