An article on Canadian employers increasing salaries and offering remote work to attract talent was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Canadian employers increasing salaries, offering remote work to attract talent: survey 2. Expert panel: How national dental care could impact group benefits […]
While institutional investors are no strangers to established markets such as Europe and the U.S., the world’s emerging and frontier markets can provide diversification and opportunities for lucrative returns. Not surprisingly, events such as the coronavirus pandemic and a shifting geopolitical landscape are influencing these decisions in 2022 and beyond. In recent months, Russia’s invasion […]
The Caisse de dépôt et placement du Québec is leading a funding round for a customer engagement software provider. During a US$105 million investment round for CleverTap, a California-based company providing a subscription-based online marketing platform to 1,200 digital consumer brands, the investment organization provided US$75 million. According to a press release, the funds will […]
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 […]
An article on a ruling against the Blue Cross Life Insurance Co. of Canada and how it could affect long-term disability premiums was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ruling against Blue Cross Life Insurance could affect LTD premiums: lawyer 2. Brown and […]
Canada’s defined benefit pension plans saw median returns of negative 7.33 per cent in the second quarter of 2022, according to the BNY Mellon Canadian master trust universe. It found the one-year median return as of June 30, 2022 was negative 8.25 per cent, while the median 10-year annualized return was 7.45 per cent. Among […]
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 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 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. […]
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 […]