A Toronto law firm representing some of the retail investors holding asset-backed commercial paper (ABCP) has announced its clients’ intention to use “non-traditional methods” in an effort to recoup some of their lost investments. Henry Juroviesky, managing partner of Juroviesky and Ricci, says that after failing to persuade the Pan-Canadian Investors Committee to reimburse investors […]
The Canada Pension Plan Investment Board (CPPIB) will invest US$200 million in Noble Environmental Power, a Connecticut-based wind energy development and energy operating company. With windparks under development in several states, Noble has plans to bring 282 megawatts of wind power generation online in New York State this year. It also has several thousand additional […]
If the new Tax-Free Savings Account (TFSA) is the highlight of the budget, the question is, What do you do with it? The merits of the account are by now well understood from an individual point of view, as its flexibility allows employees at all income levels to use it in different ways. But […]
Toronto lawyer Purdy Crawford and the committee tasked with fixing Canada’s asset-backed commercial paper (ABCP) market received a rough welcome Monday morning as they kicked off a national tour to sell retail investors on a plan to salvage some of the $32-billion in ABCP frozen since August. He faced dozens of angry and suspicious investors […]
Members of the Alternative Investment Management Association (AIMA) decided that 1X0/X0 strategies are not a marketing fad following their fifth annual luncheon debate at the National Club in Toronto on Wednesday. The debate between David E. Gold of Watson Wyatt and Jean D. Masson of TD Asset Management Inc. was titled 1X0/X0 Hybrid Hedge Fund […]
A nationwide survey of insurers and Blue Cross agencies suggests Canadian private healthcare plans continue to face steep cost increases in 2008. The Canadian Health Care Trend Survey released Wednesday by Buck Consultants shows that despite a slight dip in the overall trend last year, cost increases for combined prescription drugs, medical plans, and hospital […]
BNY Mellon Asset Servicing is introducing a new suite of alternative investment services for plan sponsors and non-profit institutional investors. The new services are aimed at streamlining the administrative effort required to manage, account for, and analyze alternative investments. The new services include data administration, reconciliation, document management, “as of” performance measurement, and integrated reporting […]
The Canada Pension Plan Investment Board (CPPIB) has confirmed the final levels of acceptances into its offer for Auckland International Airport Limited (AIAL) shares. The final level of acceptances into the offer total 63.5% of the fully paid ordinary shares in AIAL. If the offer becomes unconditional, AIAL shareholders who accepted 39.53% or less of […]
Canada will soon be facing the most severe labour shortage since the Second World War and most companies are not prepared to deal with it, according to Barbara Jaworski of the Workplace Institute. At a breakfast presentation organized by the Employee Assistance Program Association of Toronto on Thursday, she painted an alarming picture of Canada’s […]
Canada is sure to experience some of the economic problems currently afflicting the United States, and Ontario in particular will feel the pain, according to a report by TD Bank. “The west will remain in the best shape to weather the economic headwinds, while Central Canada—and notably Ontario—will be in the worst,” said the bank’s […]