Empowering Investors with Climate Intelligence: How Alter is Transforming Financial Management
Alter delivers critical climate intelligence data to improve financial management and investments.Check out our interview with the co-founder of Alter, Cedric B. Robert, EP, CSR-P, MBA!
Read full articleIMPM alumnus recognized with 2024 Wealth Briefing Award in London
The achievements of International Master’s Program for Managers alumnus Damiano Baj (IMPM’16) were recognized with the European Chief Information Officer Award at the Wealth Briefing Awards in London on March 21, 2024.
Incomes are up in Quebec, and McGill’s Personal Finance Essentials course can help people learn more about managing their money
Widespread access to higher education is a relatively recent phenomenon. People in Quebec only started attending university in significant numbers in the 1960s. And Quebec’s highly educated workforce has yielded dividends, writes Nicolas Bérubé in La Presse. In 2021, the median household income was up 26% from ten years before. It’s a golden age for earners in Quebec, and with more income comes more money management responsibility.
Bell Centre matchup between Montreal and Toronto will set Professional Women’s Hockey League attendance record
The Montreal Canadiens have been the hottest ticket in town for over a century, but the Habs are no longer the only professional hockey team capable of drawing a standing-room only crowd to the Bell Centre. Tickets for the Professional Women’s Hockey League (PWHL) April 20, 2024, matchup between Montreal and Toronto sold out in less than twenty minutes, and will set a new record for a PWHL game.
Tata Consultancy Services to grow AI and analytics capabilities in Montreal
Headquartered in Mumbai, the Tata Group is a multibillion-dollar conglomerate with operations in more than 100 countries. Their information technology services arm Tata Consultancy Services (TCS) is expanding its operations in Montreal. They’re investing in a state-of-the-art IT services delivery facility that will provide TCS customers with a range of technology solutions, including AI, machine learning, cloud computing, and advanced analytics.
McGill Desautels faculty members and researchers celebrated at Bravo Gala
McGill University hosted its annual Bravo Gala on Thursday, March 21, which honours its faculty members and researchers who have won special awards, memberships and prizes over the past year. McGill Desautels is proud to announce 14 of its faculty amongst the distinguished honourees this year. Congratulations to our deserving laureates! Full list below. #Bravo2024
The MPFE course helps Canadians make the most of their money
The McGill Personal Finance Essentials (MPFE) course helps prepare young Canadians for life, Benjamin Croitoru tells Jessica Moorhouse on the More Money Podcast. Personal finance should be taught in high school, or maybe even junior high, he posits. Finance can seem intimidating to the uninitiated, but personal finance isn’t as complicated as the world of high finance.
Advanced life deferred annuities can give retirees peace of mind
For people with defined contribution pension plans, longevity risk is a significant concern. You don’t want to outlive your money. The issue is compounded because today’s retirees have longer life expectancies than ever before, writes Sebastien Betermier in Benefits Canada.
Temu’s low prices are drawing in consumers despite product quality issues
The online marketplace Temu, launched in 2022, has become one of the most downloaded apps in North America. The platform is known for ultra-low prices, though the quality and safety of the products it sells are sometimes suspect.
MBA studies sharpen management skills, but can’t create managers on their own
Some scholars have argued that MBAs serve business school bottom lines more than they benefit students, writes Ann Peng in the Kansas City Business Journal. Other studies have quantified significant financial benefits for those who hold these degrees. But the MBA doesn’t make the manager, and Peng suggests that recruiting MBA students based on their leadership experience instead of their years of general work experience can facilitate their leadership development.
Air Canada and WestJet both increase checked bag fees
In February, WestJet announced it was increasing fees for checked bags. Shortly after, Air Canada followed suit. Both airlines now charge between $35 and $42 for the first checked bag on economy fares. Though now common throughout the industry, it was only in 2014 that Canada’s major airlines introduced checked bag fees. “It’s a business,” says Prof. Karl Moore. “You’re leaving money on the table if you don’t do it.
Airfares are going down, but additional fees can offset any savings
Airfares are getting cheaper in Canada, but that doesn’t necessarily mean you’ll pay less when you fly. In late 2023, WestJet introduced a $10 surcharge for checking bags with agents instead of online. Then, in February 2024, it increased checked bag fees for economy passengers on domestic flights. Low fares help attract customers, but the added fees can drive up the final bill substantially.
Failure of Lynx Air illustrates challenges of Canadian market
In February 2024, the low-cost carrier Lynx Air announced it was filing for creditor protection and would cease operations, with just a few days’ notice to its ticket holders. The airline had significant overlap with Air Canada’s routes and never managed to gain a foothold in the market. “It’s a difficult environment for airlines to make money in Canada,” says Prof.
McGill Desautels: First Faculty to attain Silver in Sustainable Workplace Program
McGill University's Desautels Faculty of Management has become the first Faculty to achieve Silver status in the Sustainable Workplace Certification program. Led by McGill's Office of Sustainability, the program encourages eco-friendly practices and a sustainability culture for departments and units across campus.
Professor Liette Lapointe awarded honorary doctorate from Aix-Marseille University
McGill Desautels Professor Liette Lapointe has been awarded the title of Doctor Honoris Causa from Aix-Marseille University, recognized for her contributions to information systems management and behavioural studies.
