Canadian investors and advisors were skeptical about cryptocurrency in the second quarter of 2021, according to a new quarterly survey by Horizons ETF Management Inc. Canadian investors and investment advisors are more bearish about cryptocurrency than any other measured asset class. As part of the survey, Canadian investors and investment advisors were asked to rate […]
The Canadian Pension Plan Investment Board is investing in a Toronto-based artificial intelligence company. The CPPIB entered a $125 million funding round for a Untether AI Corp., a company that creates software and hardware used in AI platforms. The new funding will be used to enhance its software offerings and build a new generation of products, […]
The majority (64 per cent) of consulting and advisory firms said their plan sponsor clients are looking to improve financial wellness programs, according to a new defined contribution plan consulting survey by PIMCO. The same percentage (64 per cent) of respondents said plan sponsors want to improve participant retirement education and evaluate investment fees. The […]
The British Columbia Investment Management Corp. is appointing Ramy Rayes as acting executive vice-president of investment strategy and risk. Rayes, who joined the BCI in 2016, has taken over the role at the pension corporation from Stephan Dunatov on a temporary basis. Dunatov will join the Abu Dhabi Investment Council as chief strategist. Read: AIMCo appointing […]
Johnston Group is partnering with PocketPills to provide a digital pharmacy platform. Plan members can access a pharmacist seven days a week by live chat or text message via the platform. “This partnership . . . continues to provide members truly flexible . . . benefits solutions in an ever-growing virtual world,” said Dave Angus, […]
Just over half (51 per cent) of senior leaders are considering leaving, retiring or downshifting from their current organization or position due to decreased mental well-being amid the coronavirus pandemic, according to a new survey from Deloitte Canada and LifeWorks Inc. It found nearly a quarter (23 per cent) said they’re considering resigning, while 16 […]
Canada’s economy will undergo volatility and inflationary acceleration as the nation recovers from the coronavirus pandemic, warns the governor of the Bank of Canada. “The process of reopening the economy won’t be entirely smooth,” said Tiff Macklem in a speech announcing the release of the central bank’s monetary policy report. “For example, we are experiencing supply […]
The Canadian Pension Plan Investment Board is entering a co-investment partnership with the Government of Singapore Investment Corp. and Boston Properties Inc. to acquire $1 billion in office properties. The CPPIB and Boston Properties will each invest $250 million in the venture, which will target offices in Boston, Los Angeles, New York, San Francisco, Seattle and […]
Almost three-quarters (73 per cent) of Canadian employees said they believe their employers perform strongly on social issues, such as health and safety or equity for women and people of colour, according to a new survey by Leger on behalf of Argyle Public Relationships Inc. The survey, which polled nearly 1,000 working Canadians, found 70 […]
Group Health Group Holdings Inc. is acquiring a minority interest in CDAT Software Inc., the British Columbia-based maker of Oliver benefits administration software. In June, GroupHEALTH acquired a 75 per cent stake in Canadian Benefits Investment & Insurance Group Inc., a B.C.-based provider of group benefits and wealth management services. And in March, Germany-based Munich Re announced […]