U.S. bond firm PIMCO said on Tuesday that waning business and consumer confidence under President Donald Trump’s policies is eroding the edge U.S. capital markets held over the rest of the world, strengthening the case for investors to diversify globally. Trump is set to unveil “reciprocal tariffs,” aligning U.S. duties with those of other nations
It’s widely believed that the biggest issue with U.S. consumers’ balance sheets is indebtedness, but the Federal Reserve’s latest financial accounts – and the volatile stock market – suggest that larger risks may be on the other side of the ledger. This seems counterintuitive. Household wealth has never been higher, rising some $163 billion in
If you were looking for portfolio security back in 2022, GICs were the screamingly obvious choice over bonds. Back then, guaranteed investment certificates offered yields of as much as 5 per cent for terms of one through five years at alternative banks. That same year, bonds produced an annual loss of 11.7 per cent, including
Open this photo in gallery: IA Financial Group President and CEO Denis Ricard, who has spent his entire 40-year career with iA, has been laser-focused on expanding the company.Sammy Kogan/The Globe and Mail IA Financial IAG-T chief executive Denis Ricard is on the hunt for more acquisitions with $1.4-billion of capital at the ready, as
A weakened Canadian dollar helped propel Ontario Municipal Employees’ Retirement System to an 8.3-per-cent annual gain on its investments, as tariff threats and a buoyant American economy boosted the relative value of U.S. dollar assets. OMERS has 53 per cent of its $138-billion of assets in the U.S. and pays pensions in Canadian dollars. About
The Severn Valley Water Management Scheme (SVWMS) has partnered with the Shropshire Wildlife Trust (SWT) to deliver the ‘Perry and Peatlands Demonstrator Project’. The move is part of aims to develop a water management strategy focused on reducing flood risk in the Severn catchment areas. The SVWMS is made up of four authorities – the
By Jeff Young is Newsweek‘s Environment and Sustainability Editor based in Louisville, Kentucky. His focus is climate change and sustainability with an emphasis on climate solutions and the clean energy transition. He has in-depth knowledge of energy policy and climate science and has covered international climate negotiations, energy and climate legislation on Capitol Hill and the
Cambridgeshire County Council has hit back at allegations by MP Steve Barclay that cash given as part of the Wisbech incinerator project for the local community will not be spent in the town. On a social media post, the North East Cambridgeshire MP claimed the £400,000 being paid by the firm behind the 54-megawatt burner,
Open this photo in gallery: A cut-out of president-elect Donald Trump is displayed on the floor at the New York Stock Exchange in New York’s Financial District on Jan. 2.Seth Wenig/The Associated Press John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires
As the threat of a trade war grows, Canadian investors are seeking protection in gold and in shares of companies producing goods with few substitutes, such as uranium, while looking to take advantage of a weaker loonie and expected volatility. U.S. President Donald Trump has threatened to implement a 25% tariff on most Canadian imports