In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to companies around non-climate disclosures. “Where sustainability-related factors are material, they have the potential to present material financial impacts to companies’ performance and is important information for boards and investors,” read […]
The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the second quarter of 2024 and nine per cent since the start of the year to 126 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans rose […]
The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal watchdog said it has received a large number of requests and that it will develop guidance “on an accelerated basis.” Read: Head to Head: Is it time to change the terminology […]
The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected to close by the end of the year, said a press release. The Canadian laboratory firm will retain its brand, headquarters and management after the deal closes. “OMERS is proud […]
The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to a report by Mercer. The report, which tracked 450 DB pension plans, found the median solvency ratio was 118 per cent, as at June 28, 2024, the same as at […]
It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost and international travellers might just give the place a pass. The same could be said of investors trying to navigate where to put the many trillions of dollars that are […]
A potential federal mandate for Canadian pension funds to increase their domestic investments could end up harming the very people the pension system is set up to protect, according to a new study by the Global Risk Institute. The paper examined the potential effect of official legislation that pushes for increased investments in domestic markets, […]
The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]
The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western Bank. The acquisition deal is worth $5 billion and will give National Bank a presence in Western Canada. Following the Caisse’s investment in National Bank, it will become the second […]
The Medicus Pension Plan, a defined benefit multi-employer pension plan designed exclusively for incorporated physicians in Canada, reported a funded status of 158 per cent on a going-concern basis and a 115 per cent funded status on a solvency basis as of Jan. 1, 2024. The plan, which launched in May 2023, is designed to […]