In 2007, the Canadian division of Bristol-Myers Squibb (BMS) underwent a significant change, revamping its business culture and employee benefits. It was an enormous task, and the corporation faced a number of challenges along the way. Change of direction According to Lynda Newcomb, vice-president, HR, BMS Canada wanted to create an entrepreneurial culture in which […]
Michael Sabia talks about responsible investing and the Caisse’s IT business and operational models. Q: A few years ago, the Caisse de dépôtet placement du Québec endorsed the UN Principles for Responsible Investment. Is this still part of your philosophy? A: Very much so. We recently completed the review of our responsible investing philosophy. As […]
Michael Sabia was appointed president and CEO of the Caisse de dépôtet placement du Québec in March 2009, at the peak of the financial crisis. In the two years since his appointment, Sabia has taken advantage of the upturn in the global economy to implement a new philosophy within the organization. Interesting results have already […]
In a speech to the Canadian Club of Montreal, the president of Sun Life Financial in Québec, Isabelle Hudon, said she is highly optimistic about the financial future of Quebeckers following recent decisions by the Quebec government to establish new voluntary retirement savings plans. In particular, she welcomed the addition of an automatic enrollment mechanism […]
Jardin de Ville, based in Mirabel, Que., is a leader in the design and marketing of high-end garden furniture. The company manufactures, retails and distributes across Canada, the U.S. and Europe.
Canada’s financial services industry should look outward to global markets for growth and profitability—especially with the Canadian dollar near record highs, according to Joseph Iannicelli, president and chief executive officer of the Standard Life Assurance Company of Canada. “We have the talent, the technology, the capital and the confidence to succeed globally”, he said . […]
According to the latest “60 Second Survey” by Morneau Sobeco, 20% of pension funds in Canada don’t know whether their assets are exposed to Asset-Backed Commercial Paper(ABCP)or high-risk Canadian sub-prime mortgages, which brought about a liquidity crunch on the non-bank ABCP market. Almost as many pension funds believe that they are exposed to at least […]
Despite last week’s headlines, Quebecers should not be concerned about the lifting of the price freeze on prescription drugs announced by Health Minister Philippe Couillard. At least this is the opinion of Bertrand Bolduc, former president of BioQuébec, Quebec’s biotechnology industry association. According to Bolduc, the difference on the bill will be small. The price […]
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the November 2005 edition of BENEFITS CANADA magazine. Investment Q&A: Building up your portfolio Pension plans are looking at infrastructure to help them build a sound portfolio. By Alexandre Daudelin Ghislain Gauthier, Senior vice-president of Investments in Infrastructure and Energy, Caisse de […]