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PSP Investments investing in accounting firm, Caisse-backed fintech asset becoming private company

The Public Sector Pension Investment Board, along with partner Investcorp, is investing in accounting firm PKF O’Connor Davies LLP. According to a press release, the new investment will give the firm more flexibility to pursue mergers and acquisitions as well as invest in new technology and service lines. The financial details of the transaction weren’t […]

  • November 20, 2024 November 22, 2024
  • 15:00

Canadian health benefits cost trend increasing to 7.4% in 2025: report

In Canada, the average health benefits cost trend for 2025 is estimated to be 7.4 per cent, up from five per cent in 2024, according to a new report by Aon. It found the top medical conditions driving health benefits plan costs are diabetes, autoimmune diseases (excluding diabetes), mental health, lung disorders/respiratory and cardiovascular and […]

  • November 20, 2024 November 19, 2024
  • 09:00

Employees’ online searches for burnout symptoms up 50% in 2024: report

Employees’ online searches for burnout signs and symptoms are up 50 per cent worldwide in 2024, according to a new study by Instant Offices. The global study, which analyzed trends across 30 major cities, found Toronto workers had one of the highest burnout rates worldwide when looking at online sentiment, with 710 burnout term searches […]

  • November 19, 2024 November 20, 2024
  • 15:00

32% of B.C. women say menopause symptoms impact their job in some way: survey

A third (32 per cent) of women employees in British Columbia say menopause symptoms impact their job in some way, according to a new survey by the Women’s Health Research Institute, in collaboration with the B.C. Women’s Health Foundation and Pacific Blue Cross. The survey, which polled more than 2,000 women aged 39 to 60, […]

  • November 18, 2024 November 15, 2024
  • 09:00

CPPIB returns 3.6% in fiscal Q2 2025, net assets increase to $675.1BN

The Canada Pension Plan Investment board is reporting a 3.6 per cent return for the second quarter of its latest fiscal year, according to its latest quarterly report. As of Sept. 30, 2024, the CPPIB’s net assets totalled $675.1 billion, up from $646.8 billion at the end of the previous quarter. It reported a 10-year […]

  • November 15, 2024 November 15, 2024
  • 15:00

Ontario Teachers’ names Kevin Kerr as executive managing director, portfolio solutions

The Ontario Teachers’ Pension Plan is appointing Kevin Kerr as executive managing director of its new portfolio solutions department, effective immediately. The department will integrate value creation and portfolio management capabilities from across the Ontario Teachers’ private asset groups, according to a press release, noting Kerr and his team will be accountable for monitoring and […]

  • November 15, 2024 November 15, 2024
  • 14:30

Cancer treatments represented a third of medicines in clinical trials in 2023: report

Cancer treatments represented 33 per cent of medicines in all phases of clinical trials in 2023, followed by treatments for infectious diseases (13 per cent) and central nervous system diseases (12 per cent), according to a new report by the Patented Medicine Prices Review Board. It found more than 12,000 new medicines were undergoing clinical […]

  • November 15, 2024 November 14, 2024
  • 09:00

UN’s Net-Zero Asset Owner Alliance reports more institutional investors adopting intermediate decarbonization targets

The United Nations’ Net-Zero Asset Owner Alliance is reporting that 81 of its institutional investor members, representing combined assets under management of US$9.4 trillion, have set intermediate decarbonization targets. In its fourth progress report, the institutional investor association also reported reductions in absolute financed emissions of, on average, at least six per cent annually. The […]

  • November 14, 2024 November 11, 2024
  • 09:00

Ellement merging with George & Bell Consulting

Winnipeg-based Ellement Consulting Group is merging with Vancouver-based George & Bell Consulting Inc. The combined firm, which will operate under the Ellement banner effective Jan. 1, 2025, will consist of 220 employees servicing 250 plan sponsor clients throughout Canada, advising on $3 billion of annual health and welfare payments and premiums and $120 billion of […]

  • November 13, 2024 November 11, 2024
  • 15:00

Canadian employers reducing office space due to hybrid work, passing savings onto workers: survey

Nearly three-quarters (74 per cent) of Canadian employers have reduced the size of their office footprint by embracing hybrid work and allowing employees to work in office and co-working spaces closer to where they live, according to a new survey by International Workplace Group PLC. The survey, which polled more than 250 Canadian employers, found […]

  • November 12, 2024 November 12, 2024
  • 15:00