Fall 2021 IssuePhilanthropyTrends

How Foreign Currency Supports Charity

By Dennis Ullman and Scott Hutchings It is estimated that over $2 Billion in foreign currency is currently stored or saved in Canadian homes and businesses. This currency has no use or real value in Canada. As a result, foreign currency (notes and coins), pennies, and loose change are found …

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Industry NewsPaymentsTrends

Emerging Market Mobile Money Users to Exceed 1.2 billion: Juniper Research

BASINGSTOKE, UK–A new study from Juniper Research has found that the total number of mobile money users in emerging markets will exceed 1.2 billion in 2025, up from 980 million in 2020; equating to just under 30 percent of all mobile phone users across emerging markets. The report predicts that …

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Industry NewsInvestment SolutionsTrends

Canadian Plan Sponsors Continue to Post Positive Median Returns

Alternative assets outperformed traditional assets for the quarter TORONTO–The median return of the BNY Mellon Canadian Master Trust Universe, a BNY Mellon Global Risk Solutions fund-level tracking service, was +1.66% for the third quarter of 2019 despite slowing global growth indicators. The 1 year median return as of September 30, …

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Industry NewsTrends

Fate of global economy rests in policy decisions of few: EDC report

With so much at stake, EDC Economics foresees near-term resolution that should reignite growth OTTAWA–There is a strange dichotomy at play in the global economy. On one hand, global growth is slowing, led by weak business investment and trade. But the other, on the consumer side, the picture is much …

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