In his first public statement on Alberta Investment Management Corp.’s investment strategy, the organization’s new chief executive officer says the AIMCo won’t have a policy to divest from hydrocarbon producers. “I want to be clear in stating that we believe that divesting hydrocarbons would miss an urgent opportunity to work with the companies who’ve the […]
The U.S. Department of Labor is proposing new rules that would give pension plan fiduciaries the ability to make investment decisions based on environmental, social and governance factors. If adopted, the rules would amend the Employee Retirement Income Security Act of 1974. In its summary of the proposed changes, the Department of Labor said they’d […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in a manufacturer and distributor of elevator components and systems. Before the investment, Vantage Elevator Solutions was wholly owned by Golden Gate Capital. The California-based asset management company will retain a significant minority stake in the business. Read: Ontario Teachers’ investing in Australian insurance distributor Vantage […]
Canadian pension funds are among the institutional investors participating in Climate Engagement Canada, a new initiative to promote a net-zero economy. The initiative, which is coordinated by several investor networks, is launching with 27 institutional investors that collectively manage more than $3 trillion in assets, according to a press release. The participating pension funds include […]
The Caisse de dépôt et placement du Québec is launching a suite of financing solutions and support services designed to appeal to Quebec’s mid-market companies. Ambition ME is designed to support high-growth potential companies requiring between $5 million and $75 million financing in order to take them to their next stage of growth. The Caisse […]
The typical Canadian defined benefit pension plan deteriorated on a solvency basis but improved on an accountancy basis in September, according to a new report by LifeWorks Inc. Its monthly report on DB pension indices found the average plan saw its solvency index dip from 109.4 per cent at the end of August to 108.8 […]
More than 20 financial organizations in Quebec, including the Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board, are joining forces to tackle the climate emergency. The initiative, the Statement by the Quebec Financial Centre for a Sustainable Finance, aims to affirm Quebec’s leadership in sustainable finance and the financial institutions’ […]
Canada’s first National Day for Truth and Reconciliation was front of mind this week, with Benefits Canada‘s look at how employers can mark the inaugural day the most-read story. Here are the five most popular news stories of the week: How employers can mark first-ever National Day for Truth and Reconciliation New paper calls for linking […]
The Canada Pension Plan Investment Board is acquiring North America’s largest marine terminal operator. A minority investor in the Ports America Group since 2014, the CPPIB has reached a deal to secure all outstanding interest in the company from Oaktree Capital Management. While the exact details of the transaction aren’t known, the management structure is […]
While the percentage of office spaces that are vacant in Canada is higher than at any point since 1994, rental prices have remained fairly stable as a result of institutional owners willing to pay pre-pandemic rates, according to a new report by CBRE Group. “I think everyone has to stop clutching at pearls, take a […]