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Caisse invests $200M in Swedish battery maker, OMERS closes US$1BN term notes offering

The Caisse de dépôt et placement du Québec is investing $200 million in a Swedish company developing and manufacturing lithium-ion batteries for electric vehicles. The new funding, via convertible debt, will help finance the development of a planned multi-billion dollar EV battery plant in Quebec. In August, the Canada Pension Plan Investment Board, the Investment Management […]

  • November 21, 2023 November 20, 2023
  • 11:00

Top money managers’ Canadian pension AUM up 7.7% year over year: report

The Canadian pension assets under management of the country’s top 40 investment managers increased by 7.7 percentage points over the previous year, from nearly $989 million at June 30, 2022 to more than $1 billion at June 30, 2023, according to the latest report by the Canadian Institutional Investment Network. The CIIN, which is a […]

  • November 21, 2023 November 20, 2023
  • 11:00

Average U.S. 401(k) balance down slightly in Q3 2023, up over long term: report

The average U.S. 401(k) balance decreased to $107,700 in the third quarter of 2023, down four per cent from Q2, but up by 11 per cent from a year ago, according to a new report by Fidelity Investments. Reflecting a combination of employee and employer 401(k) contributions, the total savings rate for the third quarter […]

  • November 21, 2023 November 20, 2023
  • 09:00

Survey finds a quarter of U.S. employers provide coverage of diabetes management drugs for weight loss

While three-quarters (76 per cent) of U.S. employers say they provide coverage of glucagon-like peptide-1 drugs for diabetes management, about a quarter (27 per cent) provide coverage of these drugs for weight loss, according to a new survey by the International Foundation of Employee Benefit Plans. The survey, which polled more than 200 U.S. benefits […]

  • November 20, 2023 November 20, 2023
  • 09:00

38% of U.S. workers haven’t taken a vacation in 12 months: survey

Two-fifths (38 per cent) of U.S. employees say they haven’t taken a vacation in the past 12 months, according to a new survey by Eagle Hill Consulting. The survey, which polled more than 1,300 workers, found lower-income employees (59 per cent), generation Z (46 per cent) and workers without a college degree (46 per cent) […]

  • November 20, 2023 November 17, 2023
  • 09:00

ACPM reiterating support for automatic features in Ontario retirement savings plans

The Association of Canadian Pension Management is reiterating its support for fully enabling automatic features in retirement savings plans, including defined contribution pensions, group registered retirement savings plans and group tax-free savings accounts. In a letter to the Ontario government, the association said the province’s employers want to implement automatic features that reduce red tape […]

  • November 17, 2023 November 16, 2023
  • 09:00

Contributions to B.C. pension plans increased by 10% in 2022: report

Contributions to British Columbia-based defined benefit and defined contribution pension plans increased by 10 per cent in 2022, while contributions to target-benefit plans increased by 9.4 per cent, according to the B.C. Financial Services Authority’s annual pensions report. The report, which analyzed data from more than 600 pension plans, found overall plan membership increased by […]

  • November 17, 2023 November 16, 2023
  • 09:00

Ontario Teachers’ invests $80M in Indian packaging operator, BCI boosts funding for quantum computing firm

The Ontario Teachers’ Pension Plan is investing $80 million in logistics service provider Xpressbees. The Indian packaging and shipping company, which offers its services across the country, is using cutting edge technology to advance its business, according to a press release. “India is a critical market for our [Teachers’ Venture Growth] Asia strategy, where we […]

  • November 16, 2023 November 16, 2023
  • 11:00

Survey finds 77% of U.S. institutional investors worried about inflation and interest rates in 2024

A majority (77 per cent) of U.S.-based institutional investors expect interest rates and inflation to remain elevated in 2024, causing problems for risk assessments over the next year, according to a new survey by CoreData. The survey, which polled 100 U.S. institutional investors, found the number of investors concerned about the role of inflation over […]

  • November 16, 2023 November 16, 2023
  • 11:00

Survey finds 47% of Canadian employees say employer’s foreign work policy influences job selection

Nearly half (47 per cent) of Canadian employees say a company’s policy on working remotely in a foreign country influences their choice of employer, according to a new survey by travel website Flighthub.com. The survey, which polled more than 2,000 workers, found while millennials were most likely (63 per cent) to agree with this statement, about […]

  • November 16, 2023 November 15, 2023
  • 09:00