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Pensions shore up equity balance

While many ordinary investors flee the stock market, Canadian pension funds are loading up on stocks to rebalance their portfolios and restore their diminished equity holdings, pension advisers report. At the same time, investment consultants say ...

From JANET MCFARLAND, Globe and Mail,  1 Dec 2008

Evidence in Livent case overwhelming: Crown

TORONTO The evidence against Garth Drabinsky and Myron Gottlieb is “overwhelming” and the Livent Inc. co-founders should be convicted of fraud and forgery, Crown lawyers say in their closing submission in the long-running case. The written submission, ...

From JANET MCFARLAND, Globe and Mail,  28 Nov 2008

Relief falls short, pension plans warn

Ottawa's relief for troubled pension plans has come up well short of what industry lobby efforts had been seeking and leaves pension sponsors warning they will still be unable to resolve their funding problems. In his economic statement yesterday, ...

From JANET MCFARLAND, Globe and Mail,  28 Nov 2008

Manulife settles suit over Portus notes

Manulife Financial Corp. has reached a settlement in its class-action lawsuit against French bank Société Générale SA over losses it suffered from failed hedge fund Portus Alternative Asset Management Inc. In a release Wednesday, Manulife Securities ...

From JANET MCFARLAND, Globe and Mail,  26 Nov 2008

Ontario ranks low on GDP

Ontario lags almost all its North American peers in prosperity and has shown little improvement this decade, a new task force report concludes. A report by the province's Task Force on Competitiveness, Productivity and Economic Progress says the ...

From JANET MCFARLAND, Globe and Mail,  25 Nov 2008

Broaden pension mix, Ontario panel urges

Employers in Ontario should be “persuaded and tempted” to maintain their pension plans by allowing them to embrace new pension models and by reforming the existing pension system, a sweeping report by an expert commission on pension reform proposed ...

From JANET MCFARLAND, Globe and Mail,  20 Nov 2008

Amid crash, pensions hit new depths

Dramatic losses from a rout in financial markets over the past few months have likely left corporate pension plan funding levels in Canada at an all-time low. Company plans have assets worth just 72 per cent of their obligations, Desjardins Securities ...

From JANET MCFARLAND, Globe and Mail,  11 Nov 2008

Testimony ends at long-running Livent trial

TORONTO Testimony has ended at the long-running trial of Livent Inc. co-founders Garth Drabinsky and Myron Gottlieb after defence lawyers said Monday they will call no witnesses in the case. The last prosecution witness completed his testimony last ...

From JANET MCFARLAND, Globe and Mail,  3 Nov 2008

'Disaster' unless Ottawa offers pension relief

Canadian companies are lobbying the federal government for relief from their pension funding obligations as market turmoil drives down the value of their pension-fund assets. Pension industry consultants and corporate executives have confirmed that a ...

From JANET MCFARLAND AND TARA PERKINS, Globe and Mail,  29 Oct 2008

Could have done better on Livent papers: witness

An private investigator hired by Livent Inc. conceded Monday there were changes he would make in hindsight when he seized documents from the offices of company co-founders Garth Drabinsky and Myron Gottlieb. John Beer, an investigator from KPMG LLP ...

From JANET MCFARLAND, Globe and Mail,  27 Oct 2008

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