The Caisse de dépôt et placement du Québec is buying a 15 per cent stake in a subsidiary of Brazil-based renewable energy company ENGIE Brasil Energia. The $848 million investment in Transportadora Associada de Gás S.A. increases the Caisse’s stake in the company to 50 per cent, according to a press release. “Today’s announcement is consistent […]
The House of Commons Special Committee studying Canada-China relations is calling on the federal government to bar Canadian pension funds from investing in Chinese companies linked to human rights abuses or that pose a threat to national security. In a report released last month, the special committee noted the Canada Pension Plan Investment Board and […]
Nearly a third (30 per cent) of Canadian employees say they aren’t working any extra hours before or after taking a one-week vacation, according to a new survey by ADP Canada Co. The survey, which polled more than 850 workers, found this ‘time-off tax’ — the additional hours worked before and after a week of […]
The Healthcare of Ontario Pension Plan is renewing its relationship with wealth management firm Northern Trust Corp. as its asset servicing provider. The money manager will oversee global custody, foreign exchange and securities lending services for the pension plan’s $103 billion assets under management. “This decision is a testament to the successful relationship we have […]
Nearly two-thirds (63 per cent) of institutional investors believe the emphasis of energy stocks over decarbonization goals is the biggest detractor of the progress surrounding environmental, social and governance investment metrics, according to a survey from Amundi Asset Management. The survey, which polled 158 institutional investors that collectively manage €1.91 trillion in assets, found respondents […]
Half (49 per cent) of C-suite leaders at Fortune 500 companies are women (40 per cent) and people from historically under-represented ethnic and racial backgrounds (16 per cent), including nine in 10 (89 per cent) chief inclusion and diversity officers and a fifth (19 per cent) of chief operating officers, according to a new survey […]
The assets of Canada’s top 10 capital accumulation plan providers increased by 12.9 per cent over the previous year, from roughly $250,366 million at June 30, 2022 to $282,772 million at June 30, 2023, according to the latest report by the Canadian Institutional Investment Network. The CIIN, which is a companion site to Benefits Canada […]
The Caisse de dépôt et placement du Québec is investing $12 million to facilitate the acquisition of Vancouver-based CWA Engineers Inc. by engineering consulting firm Norda Stelo Inc. The acquisition is expected to be completed in the next six months and the Caisse’s investment will “help drive [Norda Stelo’s] activities to its next stage of growth,” […]
Hub International Ltd. is acquiring Montreal-based CGC Consultants Inc. CGC is an advisory firm that specializes in human resources strategy, recruitment, pay equity, global compensation, governance and communication, according to a press release, which noted Claudio Gardonio, managing partner at CGC, will join Hub Quebec. Read: Hub acquiring Calgary benefits provider Hub is also acquiring […]
A majority (89 per cent) of organizations are experiencing difficulty finding skilled professionals, according to a survey by Robert Half Canada. The survey, which polled more than 1,000 employers, found more than half (54 per cent) said they plan to add new permanent positions in the first six months of the year, while another 40 […]