The U.S., Canadian, and Rest of World equity markets are down around 30% in less than a month. This is a quick and violent decline. Quick and violent declines happen and will happen again. Meanwhile, Canadian fixed income is down around 6.5% in the same period. Canadian fixed income has outperformed Canadian and global equity. What is the proper response? We know what we are supposed to do. We rebalance out of fixed income into equity. Let’s perform a little simple arit

The Fiscal Environment It was obvious that the teacher’s union position was never going to reconcile with the government’s position. This is a fight that has been brewing for decades. The teacher’s union, and public sector unions in general, didn’t accept the long-held notion of modest salary and benefits in exchange for job security. The Rest Of The Article Here is the valuation of a pension stream Here is the valuation spreadsheet where numbers can be adjusted