The desire to attract and retain the most productive employees is driving employers to project a national average salary increase of 3.9% for 2008, according to a survey by Mercer Human Resource Consulting. “Oil and gas and petrochemical industries, mainly located in Alberta and accounting for just over 18% of all respondents, are projecting a […]
Only one in three workers plan to quit work entirely once they’re ready to retire from full-time employment, says a survey. The survey, developed by Robert Half International, finds that 24% of adult workers plan to change fields or work at something new, 14% want to work as a consultant and another 14% plan to […]
The Caisse de dépôt et placement du Québec and a number of financial institutions have agreed on a solution to the liquidity problem on the structured finance asset-backed commercial paper(ABCP)market. The so-called “signatories”—the Caisse, PSP Investments, ABN Amro, Barclays Capital, Desjardins Group, Deutsche Bank, HSBC, National Bank and UBS—have agreed to help establish normal operations […]
The group led by the Ontario Teachers’ Pension Plan has arranged to finance its purchase of BCE with $23.05 billion in bank loans and $11.3 billion in bonds, according to a filing with the Securities and Exchange Commission. The financing, which was agreed upon before credit markets began to sour, will be provided by TD […]
At the end of last year, the Caisse de dépôt et placement du Québec had nearly $1.7 billion in commercial paper notes sold by funds that were asking for emergency loans, including bonds sponsored by Coventree. A spokesperson for the Caisse declined to tell Bloomberg News how much of the notes that were still owned. […]
Jean-François Courville has left State Street to join MFC Global Investment Management as its president and chief operating officer. He will be responsible for growing the firm‘s third-party institutional and sub-advisory investment management businesses in North America, Japan, Asia and the United Kingdom as well as expanding investment management services to Manulife’s own wealth management […]
The funded level for Towers Perrin’s benchmark plan in the United States dropped by 2.2 percentage points to 93% in July as equities lost significant ground while long bond yields remained relatively stable. “Even after this change, the funded ratio remains near its high water mark for the post-‘perfect storm’ capital market period,” says its […]
The Ontario Teachers’ Pension Plan has agreed to buy up to 100% of Esval, a public water and wastewater company in central Chile. Esval, together with its subsidiary, Aguas del Valle(AdV), is Chile’s third-largest water operator, serving approximately 16% of the country’s regulated water market. The purchase would be Teachers’ second investment in the Chilean […]
The Ontario Teachers’ Pension Plan and its partners will stay committed to the terms of the deal to buy BCE. In a statement released by Teachers’, the group—which includes Providence Equity Partners and Madison Dearborn Partners—says “they remain committed to the terms of the definitive agreement reached on June 30, under which the investment partners […]
OMERS Capital Partners has agreed to buy Golf Town Income Fund for about $240 million, including debt. “Golf Town is a real Canadian success story,” says Paul Renaud, president and CEO at OCP. “We are investing with an exceptional management team and are very excited about the opportunity to continue to grow the business.” The […]