The Canada Pension Plan Investment Board is investing 5.6 billion Indian rupees (about $93 million) to secure a 49 per cent equity stake in a regional retail centre in Kolkata, located in West Bengal. The nine-hectare mall will be a joint venture between the CPPIB and Phoenix Mills Ltd. Construction will begin this year in […]
The Desjardins Group is set to acquire Montreal-based investment firm Hexavest Inc. The deal is expected to close on Sept. 1, 2021, subject to certain conditions. Hexavest, which is based in Montreal, manages $5 billion in assets. The majority of its approximately 50 clients are institutional investors from Canada, the U.S., Australia and Asia. In […]
The Financial Services Regulatory Authority of Ontario has unveiled its priorities for the next three years, including plans to reshape its supervisory role for the province’s defined contribution pension plans. The FSRA’s plan for the financial years 2021-2024, includes three major initiative categories: the first covers a series of goals related to supporting the flexibility […]
While Canadians’ mental health continues to suffer, LifeWorks Inc.’s monthly index has seen some improvements, including in its anxiety and psychological health sub-categories. The index reported a negative 10.7 overall mental-health score for April, slightly higher than negative 11.2 for March. In addition, the majority of sub-scores showed improvements over the previous month. The anxiety […]
The Caisse de Dépôt et Placement du Québec, the Indonesian Investment Authority, the Abu Dhabi Investment Authority and APG Asset Management have signed a memorandum of understanding to establish an infrastructure investment platform in the Southeast Asian nation. In the memorandum of understanding, the Indonesian sovereign wealth fund stated its intention to explore joint investment […]
The vast majority (95 per cent) of Canadian working mothers said they didn’t receive any formal support from their employer during their maternity leave transition, according to a new report by advocacy group Moms at Work. The survey, which polled more than 1,000 Canadian women who took maternity leave in the last 10 years, found […]
Half of Canadians said they’ve increased their use of virtual health care since the beginning of the coronavirus pandemic, according to a new survey by consulting firm Calian Group Ltd. It also found, while 49 per cent of respondents said they intend to continue using virtual care after the pandemic is over and safety precautions […]
Dialogue Health Technologies Inc. is acquiring mental-health provider e-Hub Health, which provides internet-based cognitive behavioural therapy. e-Hub Health offers a range of programs to support mental-health concerns, including moodgym, which targets the reduction of depression and anxiety symptoms; e-couch, which includes targeted programs for depression, anxiety, bereavement, divorce and social anxiety; and mental-health guru, a module-based online […]
Amazon.com Inc. and Walmart Inc. are offering bonuses to U.S. employees who show proof of a coronavirus vaccination. Amazon is giving $100 to new hires who show proof of vaccination, according to a press release, which noted the company is also offering sign-on bonuses of up to $1,000 in some locations as it hires more […]
Women are more likely than men to embrace the flexibility of remote working during the ongoing coronavirus pandemic, according to a global survey by FlexJobs. The survey, which polled more than 2,000 people between March and April 2021, found 68 per cent of women respondents said they prefer working remotely, compared to 57 per cent […]