Kevin Press

1 week ago | investmentexecutive.com | Kevin Press

Art Woo, senior economist and director, economics at BMO says there are two motivating factors behind the OPEC+ decision — a desire to punish Kazakhstan, Iraq and the United Arab Emirates, who have shot past their quotas recently, and a perceived need to placate U.S. President Donald Trump who is promising Americans more affordable oil and gas prices. “President Trump has pretty much stated his desire for lower crude oil prices as a way to get gasoline prices down,” Woo said.

2 weeks ago | investmentexecutive.com | Kevin Press

“Fear and uncertainty cascaded across financial and currency markets” during the quarter: Northern Trust Canada CEO By: Kevin Press May 1, 2025 17:03 Kevin Press Canadian pension funds struggled through the first quarter of 2025, just like retail investors, producing low-single-digit returns on average. Defined benefit (DB) plans managed by RBC Investor Services returned just 1.1% on average during the quarter. That includes funds in the public and private sectors. Plans in the Northern Trust...

2 weeks ago | investmentexecutive.com | Kevin Press

Canadians voted for Mark Carney to stay on as Prime Minister on Monday, granting his Liberal Party a  fourth consecutive mandate. At press time, the Liberals had won 155 ridings and were leading in another 13, leaving them four seats short of a majority government. The Conservatives won 133 and were leading in 11. Final results are expected Tuesday. Conservative Leader Pierre Poilievre and NDP Leader Jagmeet Singh both lost their seats in what proved to be largely a two-party race.

2 weeks ago | investmentexecutive.com | Kevin Press

In Rethinking Age-Cutoffs for Long-Term Disability Insurance, published this week by the C.D. Howe Institute, Nunes reports that according to Statistics Canada, 28% of those 65 to 69 worked last year. Eight per cent of those 70 and older did the same. “As the workforce ages and an increasing number of workers remain employed past age 65, age-based distinctions in the design of an LTD insurance program remain broadly appropriate,” Nunes writes.

3 weeks ago | investmentexecutive.com | Kevin Press

Kevin Press Raquel Iantorno is graduating this month from York University with a bachelor of commerce degree in finance. A member of the dean’s honour roll, she also earned a dean’s award for research excellence. She is precisely the kind of undergrad that Canada’s financial advice industry needs to attract. Sure enough, she joined TD this past February as a part-time customer experience associate.