The Daily Chase: Rosenberg s cash hoard warning; China probes Alibaba VIDEO SIGN OUT
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Thereâs arguably been no hotter topic of conversation lately than the mountains of cash weâre told Canadian households and businesses are sitting on, and how those funds will be deployed. But one of the countryâs most prominent economists is warning the pandemicâs scarring effect means consumers are going to be more inclined to save on the other side of COVID. âThe fear of a return of some other pandemic is going to be on our minds,â according to David Rosenberg, who estimates the savings rate could rise from seven to 10 per cent of disposable income. Weâll keep gathering perspective on this crucial issue for the economy. If you missed Rosenbergâs comments, check them out here.
November 27, 2020
The Office of the Superintendent of Financial Institutions
(OSFI) is issuing the final version of the Instruction guide for the preparation of actuarial
reports for defined benefit pension plans(The Guide). The
purpose of the Guide is to set out the reporting requirements of
actuarial reports filed with OSFI. The Guide is a comprehensive
document with the intent of facilitating the work of the actuary
and the review of actuarial reports by OSFI by including
legislative, regulatory and actuarial requirements and expectations
in one document.
November 27, 2020
In April 2020, OSFI released a formal advisory to the LICAT guideline to include a
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While our attention is primarily on health issues during this global pandemic, climate change remains at the forefront of issues being addressed by governments, courts and businesses. This bulletin summarizes some of the recent developments in Canada and abroad.
FEDERAL GOVERNMENT INITIATIVES
In November 2020, the Canadian federal government introduced Bill C-12, the
Canadian Net-Zero Emissions Accountability Act. The bill proposes to legally bind the government to achieve net-zero emissions by 2050 and require the Minister of Finance to report annually on key measures that the federal government has taken to manage climate-related financial risks and opportunities. Hot on the heels of that, the government released
Climate Change: Government Action, Judicial Restraint and Corporate Disclosure lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
Opinion: Canadian companies poor climate-risk disclosure threatens to drive investors away theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.