The world’s electrical grids require massive investments if countries are to meet net-zero carbon emissions by 2050 goals, according to a new report from the Ontario Teachers’ Pension Plan. “In many countries, including the world’s most advanced economies, aging grids are not yet ready for the expected surge in demand,” noted the report. “Nor were […]
The Ontario Teachers’ Pension Plan is entering a non-binding agreement with a Canadian company seeking to develop copper mines in Saskatchewan. In a deal reached with Foran Mining Corp., the pension fund will invest $200 million in the company’s McIlvenna Bay project. Following the announcement of the agreement, Foran’s stock rose 15.4 per cent. Read: […]
The Caisse de dépôt et placement du Québec is entering exclusive negotiations to acquire France-based Akiem, a provider of freight locomotive leasing services in Europe. The offer is subject to customary consultation with employee representative bodies within Akiem and its current owner, the SNCF Group, according to a press release, which noted the transaction is subject […]
The Alberta Investment Management Corp. and the Canada Pension Plan Investment Board are reinvesting in a telecommunications infrastructure provider to support its acquisition of a U.S. digital network provider. BAI Communications Inc., a Toronto-based internet and telephone network service provider, is acquiring ZenFi Networks Inc, a New York-based digital infrastructure provider specializing in roaming services […]
The California Public Employees’ Retirement System is reporting a net loss of 6.1 per cent for its last fiscal year, according to its preliminary annual results. During the year ending June 30, 2022, the public sector defined benefit pension plan’s value decreased from $466.84 billion to $440 billion. According to a press release, the losses […]
The real estate arm of the Caisse de dépôt et placement du Québec is entering a strategic partnership with a Quebec City real estate firm to redevelop a major retail asset it’s held since 2000. Ivanhoé Cambridge and Douville, Moffet et Associés Inc. will collaborate on a project to redevelop Laurier Québec, a 10-hectare shopping […]
The Alberta Investment Management Corp. is acquiring a Canadian rail service provider. In a deal reached with the business’s previous owners — its employees and TorQuest Partners Inc. — the investment organization has secured ownership of Cando Rail and Terminals Ltd. No changes in the company’s management will occur as a result of the transition. […]
Investors in a defunct Toronto asset management firm, the subject of an on-going court battle, have until late September to file compensation claims. In a decision from the Ontario Superior Court of Justice, investors in Bridging Finance Inc. must submit claims before Sept. 19, 2022. The judgement also directs the asset’s custodian, PricewaterhouseCoopers, to distribute […]
The University Pension Plan is rolling out a new climate strategy that aims to make its portfolio carbon neutral by 2040. “I’m proud that we’ve set an ambition consistent with the challenge we face,” says Brian Minns (pictured), managing director of responsible investing at the UPP. “We’re going to deliver on our investment returns in […]
The British Columbia Investment Management Corp. generated returns of 7.4 per cent during the year ending on March 21, 2022, according to its annual report. During the year, the investment organization’s net assets surpassed the $200-billion mark, rising from $199.6 billion to $211.1 billion. The results were hampered by the Russian invasion of Ukraine and […]