The Caisse de dépôt et placement du Québec is appointing Rana Ghorayeb as executive vice-president and head of real estate, effective April 29, 2024. She’ll oversee the overall Ivanhoé Cambridge portfolio and investment team, which has assets of over $77 billion. Ghorayeb joined the Caisse in 2012 and previously served as president and chief executive officer of Otéra […]
The union representing 120 employees working across Canada for U.S. telecommunications company Zayo Group has ratified a four-year collective agreement that includes pension and benefits gains. Unifor Local 2000A was able to protect and maintain the company’s defined benefit pension plan; however, the employee contribution will increase from three per cent to 4.5 per cent. […]
The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]
More than two-thirds (68 per cent) of U.S. employees say they’re either unfamiliar with or don’t understand the concept of neurodiversity, according to new research from Eagle Hill Consulting. The survey, which polled more than 1,200 workers, found fewer than a fifth (16 per cent) said there have been formal conversations about neurodiversity in their […]
The funded position of a typical defined benefit pension plan rose both on a solvency basis (2.8 per cent) and an accounting basis (2.3 per cent) during February, according to Telus Health’s latest pension index. It found the solvency of the average DB plan rose to 103.6 per cent in February, up from 100.8 per […]
Nearly half (47 per cent) of Canadian employees say they’re interested in improving their well-being and plan on using workplace benefits to do so, according to a new report commissioned by Dialogue Health Technologies Inc. and conducted by Canadian market research firm Environics Research. The report, which analyzed multiple surveys polling more than 1,000 Canadian employees […]
A new $185 billion plan by Hydro-Quebec to build out increased power capacity is gaining attention from institutional investors, according to a report by Bloomberg. Michael Sabia, chief executive officer at Hydro-Quebec, said he’s confident in finding the right partners to help tackle the new project, which was announced last November and is designed to […]
The New York State Common Retirement Fund is restricting its exposure in eight integrated oil and gas companies, including divesting a portion of its investment in Exxon Mobil Corp. In a press release, New York State Comptroller Thomas DiNapoli said the decision was fueled by a review of the oil companies — Guanghui Energy Company, […]
Tim Deacon is leaving his role as chief financial officer at the Ontario Teachers’ Pension Plan for a leadership role at another financial institution, effective April 5. Effective April 8, Deacon will begin a new role as Sun Life Financial Inc.’s chief financial officer. He joined the Ontario Teachers’ in 2021, succeeding David McGraw after serving as […]
Nearly half of Canadian women employees say they’re dissatisfied with their organizations’ support during maternity leave, according to a survey by Maturn. The survey, which polled more than 1,000 women, found two-fifths (39 per cent) didn’t receive a top up. Among the 59 per cent who said they received some form of paid leave, the benefits […]