Tag Archives: Ian Russell

Boosting Flagging Business Investment (IIAC Blog)

Boosting Flagging Business Investment (IIAC Blog)

On the surface, Canada’s economy seems to be doing well. Yet, there is one area of persistent weakness that weighs on policy makers – private sector capital formation. Canada is well down on the list of OECD countries when it comes to business spending as a share of GDP.

Businesses investment in physical capital (especially machinery and equipment) matters critically for productivity growth. It spurs innovation, efficiency gains and increased competitiveness.

In my January Letter from the President, I outline some reasons as to why businesses may be underinvesting and propose some policy initiatives to boost … Continue reading

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Speech – Outlook for Risks to Capital Markets (IIAC Blog)

Speech – Outlook for Risks to Capital Markets (IIAC Blog)

Yesterday, I participated in the Empire Club of Canada Annual Investment Outlook Luncheon and gave remarks on the Outlook for Risks to Capital Markets. While we look for another year of relatively healthy growth in the global economy, new risks and vulnerabilities have emerged in global capital markets. First, the fragmentation of international regulation is a real concern as it impairs market efficiency, and cross-border capital and investment flows. Second, markets have shown a disturbing trend for liquidity to evaporate in times of stress, when needed the most. Third, stock indices have become more and more … Continue reading

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BNN Interview: Recent Trends and Outlook for the Investment Industry (IIAC Blog)

BNN Interview: Recent Trends and Outlook for the Investment Industry (IIAC Blog)

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2017 Investment Industry Trends (IIAC Blog)

2017 Investment Industry Trends (IIAC Blog)

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Market Reaction to Brexit: CBC News Network Video (IIAC Blog)

Market Reaction to Brexit: CBC News Network Video (IIAC Blog)

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Brexit a ‘catalyst’ for EU reform: BNN Video (IIAC Blog)

Brexit a ‘catalyst’ for EU reform: BNN Video (IIAC Blog)

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IIAC Responds to Finance Ministers’ Announcement on CPP Reform (IIAC Blog)

IIAC Responds to Finance Ministers’ Announcement on CPP Reform (IIAC Blog)

The Investment Industry Association of Canada is pleased Canada’s finance ministers reached an agreement on amending the Canada Pension Plan (CPP) to address the national retirement savings shortfall at their meeting in Vancouver on June 20, 2016. Assets held in Share Price are typically owned by larger institutional firms with a considerable number of investments such as banks, insurance companies, mutual funds, hedge funds and pension funds. This decision will avoid a patchwork of provincial solutions, like the ORPP, that would require significant up-front costs; treat Canadians differently across the regions; limit pension … Continue reading

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Selective Reforms Needed to Help Under-Saving Canadians Meet Their Retirement Savings Objectives (IIAC BLOG)

Selective Reforms Needed to Help Under-Saving Canadians Meet Their Retirement Savings Objectives (IIAC BLOG)

Finance ministers are discussing potential CPP enhancement on June 20-21 when they meet in Vancouver, BC. These discussions should be undertaken as part of an integral approach to strengthening Canada’s retirement savings system. Respected research confirms the majority of Canadians are on track to meet their retirement savings goals through their voluntary savings, pension plans and the federal retirement savings system.

The retirement savings shortfall is not widespread in Canada, but limited to Canadians with modest incomes. As a member of a national coalition of 15 industry groups, the IIAC recommends a national and coordinated approach … Continue reading

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Ian Russell on BNN: National approach on pensions trumps provincial patchwork (IIAC Blog)

Ian Russell on BNN: National approach on pensions trumps provincial patchwork (IIAC Blog)

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John Chambers, CEO of FirstEnergy Capital, Elected Chair of the IIAC Board of Directors (IIAC Blog)

John Chambers, CEO of FirstEnergy Capital, Elected Chair of the IIAC Board of Directors (IIAC Blog)

The Investment Industry Association of Canada (IIAC) is pleased to announce the election of John Chambers, CEO of FirstEnergy Capital Corp., as Board Chair of the IIAC.

Sandy Cimoroni, SVP, Shared Services & Chief Operating Officer, TD Wealth, has been elected Vice Chair.

“I am honoured to take on the role of IIAC Board Chair at this watershed moment for Canada’s investment industry,” said Mr. Chambers. “Our industry continues to face challenges brought on by sweeping regulatory reform, but under our Board’s leadership, the IIAC will continue to play a constructive role helping regulators and governments ensure rules are properly … Continue reading

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