Indian-based infrastructure conglomerate IndInfravit Trust, whose owners include the Canada Pension Plan Investment Board and the infrastructure investment arm of the Ontario Municipal Employees’ Retirement Plan, is buying nine operational road projects from Sadbhav Infrastructure Project Ltd. The portfolio of roads, which was valued at more that $66 million rupees, or about $1.2 billion, includes seven toll roads […]
While geopolitical tensions are grabbing investors’ attention, how is Canada faring domestically? It’s a bit of a mixed bag, according to Russell Investments Group’s latest quarterly outlook, which noted that while Canada’s economic data has outpaced that of other developed markets, the rosy outlook may not last. Specifically, Russell’s analysis of Citigroup Inc.’s economic surprise […]
A thick fog is clouding institutional investors’ efforts to gain clarity on the global market outlook, but certain key themes are peeking through, according to Manulife Investment Management’s mid-year report. Geopolitical unrest continues to be a cause for concern, the report noted. The escalation of trade tensions between the U.S. and China could point to a […]
The Ontario Teachers’ Pension Plan has terminated an agreement to sell its 10 per cent stake in the Hudson’s Bay Co. to a private entity. The announcement comes after HBC’s publicly traded shares rose above what the Ontario Teachers’ would have received under the Jan. 3 agreement to sell them. It had agreed to sell […]
With global and domestic equities rallying in the first quarter of 2019, Canadian defined benefit plan returns were lifted to 7.2 per cent in the first three months of the year, according to RBC Investor and Treasury Services’ universe of DB pension plans. This compares with a negative return of 3.5 per cent for the fourth […]
With Brexit looming, European investor confidence dipped while North American confidence rose slightly in March compared to February, according to State Street Corp.’s latest global investor confidence survey. Globally, investor confidence rose 0.4 points to 71.3 in March. Confidence in North America rose to 68.3 from 66.2, while it declined in Europe by 7.8 points to […]
The solvency positions of Canadian defined benefit pension plans declined in the fourth quarter of 2018 after experiencing gains in the first nine months of the year, according to Mercer’s latest pension health index. The median solvency ratio dropped to 95 per cent at the end of 2018 from 102 per cent at the end of […]
The largest corporate pension plans in the United States experienced a slight drop in their funded status at the end of 2018 due to the sharp decline in equities, according to an analysis by Willis Towers Watson. The study, which looked at the defined benefit pension plans of 389 Fortune 1000 companies, found their pension assets […]
Quebec’s financial market regulator is reviewing Bombardier Inc.’s executive compensation plan, calling on the plane-and-train maker to suspend all related trades just hours after Quebec’s premier expressed lukewarm hopes about the future of the beleaguered company’s commercial aerospace operations. The Autorité des marchés financiers announced Thursday afternoon it is looking into how Bombardier implemented its […]
Pension managers’ pooled funds posted meagre returns in the third quarter of 2018, according to Morneau Shepell Ltd.’s performance universe. Markets were less synchronized during the latter half of 2018, leading to more mixed results than earlier in the year, noted the report, which showed a median return of 0.4 per cent before management fees. However, this […]