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Articles Written by: LORI MCLEOD
Pension plan the Ontario Municipal Employees Retirement System (OMERS) is posting a negative investment return for 2008, but has still managed to smartly outperform the global equity markets.
The fund had an investment loss of $8-billion last year, ...
From LORI MCLEOD,
Globe and Mail,
23 Feb 2009
Related Topics:
Dexia
From finance to follicles to fat. That's how entrepreneur Steve Hudson sums up the career that's brought him to his newest venture, running weight-loss chain
Herbal Magic Inc.
Mr. Hudson's private equity firm,
Cameron Capital Corp., is buying 40 per ...
From LORI MCLEOD,
Globe and Mail,
18 Feb 2009
Sales of existing homes fell to the lowest level since the mid-1990s last month, with activity dropping by 41 per cent in January from a year ago.
Last month 16,343 resale homes changed sales across the country, according to a report Friday from the ...
From LORI MCLEOD,
Globe and Mail,
13 Feb 2009
Turmoil in the equity markets sent assets tumbling by $8.5-billion at the Canada Pension Plan in the last three months of 2008.
Its second consecutive quarterly loss means the fund's assets are now $18.8-billion less than where they stood on June 30, 20 ...
From LORI MCLEOD,
Globe and Mail,
13 Feb 2009
During the boom years, Canadians loaded up on debt. Now, as the economy heads south, they're more willing than ever before to throw in the towel financially.
As recession grips the country, personal bankruptcy filings have surged, and that's happening ...
From LORI MCLEOD AND TARA PERKINS,
Globe and Mail,
11 Feb 2009
A surge in missed credit card payments late last year could be a warning signal of trouble ahead in the Canadian lending market.
Canadians tend to let payments on their plastic slip before falling behind on other loans including mortgages and car ...
From LORI MCLEOD,
Globe and Mail,
3 Feb 2009
Just over a year ago, the architects of sweeping reforms to the Canada Pension Plan gathered to evaluate whether they had succeeded in rescuing a faltering system.
The answer was a resounding yes, but since then financial markets have descended into ...
From LORI MCLEOD,
Globe and Mail,
21 Jan 2009
Consumers pinched by the credit crunch are getting some relief as lenders lower their rates on both fixed and variable mortgages.
Lenders including Royal Bank of Canada, Bank of Montreal, Bank of Nova Scotia, Toronto-Dominion Bank and CIBC are slicing ...
From LORI MCLEOD AND TARA PERKINS,
Globe and Mail,
21 Jan 2009
The credit crunch, which has already squeezed corporate borrowers, is now trickling through to consumers, with higher interest rates and tighter lending terms.
Some borrowers are being notified that rates on their credit lines and cards are going up, ...
From TARA PERKINS AND LORI MCLEOD,
Globe and Mail,
16 Jan 2009
A group including three Canadian pension funds is close to completing the $3.5-billion (U.S.) acquisition of Washington State's largest electric utility, nearly a year and a half after making its privatization bid.
On Friday the bid group, including ...
From LORI MCLEOD,
Globe and Mail,
16 Jan 2009
