A U.S. environmental group is making a direct appeal to Canadians for help in persuading the Canada Pension Plan Investment Board to end its investment in a Colorado-based oil and gas company due to safety and pollution concerns. In a five-minute YouTube video by an organization called 350 Colorado, residents of Boulder ask Canadians to […]
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 […]
The Ontario Teachers’ Pension Plan has terminated an agreement to sell its 10 per cent stake in Hudson’s Bay Co. to a private entity controlled by the retailer’s executive chairman, Richard Baker. The announcement, by one of Baker’s private companies, came after HBC’s publicly traded shares rose above what Teachers’ was to get under the […]
It may not happen this year, or next year, or even the year after that. But sometime between now and 2025, Canadian employers will almost certainly need to re-think their retirement policies in response to Canada Pension Plan expenses that began to go up in January. Canadian pension experts say higher mandatory contributions to the CPP and the […]
General Motors of Canada Co. is working to set up jobs and training programs for employees who will be put out of work when it closes the Oshawa Assembly plant next year, even as Unifor promises an extended fight to keep the operation open. In addition, GM estimates about half of the 3,000 unionized and […]
Head of CPPIB reflects on demographic similarities between the two countries
China sees Canada as a valuable source of expertise as both countries grapple with the needs of an aging population that’s increasingly retired, according to the head of the Canada Pension Plan Investment Board. “China faces very similar demographic issues and pension challenges that Canada has faced and continues to face. When you put the […]