Responsible investments account for 71 per cent of the total assets under management by Canadian institutional investors, according to a new report from the Responsible Investment Association. The report, which is based on a survey of Canadian institutional asset managers and asset owners completed between May and July 2024, found the total assets attributable to […]
Canadian fixed income yields are de-coupling from a sharp rise seen in the U.S. market, according to a new report from FTSE Russell. Despite a target interest rate cut of 50 basis points to 3.75 per cent from the Bank of Canada at the end of October, the market witnessed higher Canadian yields in October […]
Quebec’s pension fund manager says it is co-operating with U.S. authorities after three former employees were indicted in federal court in Brooklyn, N.Y., in an alleged scheme to give hundreds of millions of dollars in bribes to the Indian government. The former employees of the Caisse de dépôt et placement du Québec have been charged […]
Increased deal-making in the Canadian annuities market is adding pressure to defined benefit plan sponsors seeking to de-risk their plans, says Jason Vary, president of Actuarial Solutions Inc. “[The market is] getting worse,” he says. “This year, I’ve had some experiences where we’re placing some small annuities, under $5 million, and we really struggled to […]
The Pension Investment Association of Canada, alongside the Canadian Life and Health Insurance Association and the Portfolio Management Association of Canada, is asking the Senate to consider the impact of Bill C-281 on institutional investors and pension plan members. The legislation being reviewed by the Senate aims to restrict investments connected to the creation of a […]
The Canada Pension Plan Investment board is reporting a 3.6 per cent return for the second quarter of its latest fiscal year, according to its latest quarterly report. As of Sept. 30, 2024, the CPPIB’s net assets totalled $675.1 billion, up from $646.8 billion at the end of the previous quarter. It reported a 10-year […]
The Canadian edition of an international set of sustainability investment disclosure standards will be officially released in December, according to the Canadian Sustainability Standards Board. The organization was tasked with creating a set of sustainability investment standards in Canada based on those created by the International Sustainability Standards Board. The two new disclosure metrics — CSDS […]
The market volume of annuity purchases by Canadian defined benefit pension plan sponsors reached an estimated $2.1 billion in the third quarter of 2024, a small decline from $2.5 billion in the previous quarter, according to a new report by Telus Health. It noted some insurers are showing a strong appetite and offer competitive pricing […]
While an arduous U.S. presidential election cycle may have created some market volatility, any uncertainties among Canadian institutional investors may begin to wane following Donald Trump’s election as the 47th U.S. president on Wednesday, says Ian Riach, senior vice-president and portfolio manager at Franklin Templeton Investment Solutions. “Economics tend to trump politics . . . . […]
Éric Trudel’s long leadership and oversight tenure across roles in the insurance industry resulted in a win at Benefits Canada’s 2024 Workplace Benefits Awards on Oct. 18. The executive vice-president and leader of group insurance at Beneva Inc. won the Industry Leadership award for his commitment to resourceful solutions for both benefits plan members and […]