Staff

Ontario Teachers’ investing in telecom network, launching mixed use development in Montreal

The Ontario Teachers’ Pension Plan is investing in a wireless communications infrastructure company. Diamond Communications, which specializes in developing wireless network facilities to enhance internet and cellular services in remote regions, owns and manages a network of 300,000 wireless infrastructure sites in Canada and the U.S. It also owns 4,000 sites rented by internet service […]

  • May 9, 2023 May 9, 2023
  • 12:30

Imperial Oil shareholders reject ESG proposals from Bâtirente, BCI

Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the company’s annual general meeting. The Bâtirente’s motion called on Imperial Oil to adopt direct and indirect greenhouse gas emissions reduction targets for 2030. If passed, the proposal would have obliged […]

  • May 9, 2023 May 10, 2023
  • 12:30

Canadian DB pension plans see median return of 4.23% in Q1 2023: report

Canadian defined benefit pension plans generated a median return of 4.23 per cent for the first quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. Among traditional asset classes, global equities posted the strongest performance, with a quarterly median return of 7.32 per cent, while Canadian fixed income returns were the […]

  • May 9, 2023 May 8, 2023
  • 09:00

Survey finds 40% of Canadian gen Z employees at a mental-health ‘breaking point’

Roughly 40 per cent of generation Z employees say they’re at a mental-health “breaking point,” according to a new survey by Boston Consulting Group. The survey, which polled more than 1,300 young Canadian employees, found twice as many millennials and gen Z workers said they want a workplace culture that prioritizes mental health and well-being, […]

  • May 8, 2023 May 8, 2023
  • 15:00

Survey finds 40% of workers taking time off due to mental-health concerns

Two-fifths (40 per cent) of Canadian employees say they’ve taken time off work in the last five years due to mental-health concerns, according to a new survey by wellness benefits provider Heal-3 and the Future Skills Centre. The survey, which polled more than 500 workers, found among respondents who took time off for mental-health reasons, […]

  • May 8, 2023 May 8, 2023
  • 09:00

41% of U.S. employers including retirement benefits information in onboarding process: survey

Two-fifths (41 per cent) of U.S. employers say they embed information on retirement benefits in their onboarding process, according to a new survey by XpertHR. The survey, which polled more than 200 companies in the U.S., found that, although some indicated they use emails or letters to deliver retirement information (39 per cent), fewer than […]

  • May 8, 2023 May 9, 2023
  • 09:00

UTE, CRA tentative agreement includes remote work protections, improved vacation

The Union of Taxation Employees and the Canada Revenue Agency have reached a tentative agreement that includes new protections around remote work and improved vacation. The tentative agreement, which ends a strike lasting more than two weeks involving 35,000 workers, has some of the same updates that were reached by the Public Service Alliance of Canada […]

  • May 5, 2023 May 5, 2023
  • 15:00

57% of Canadian employees say they don’t get enough vacation time: survey

More than half (57 per cent) of Canadian employees say they don’t get enough vacation time, according to a new survey by Expedia.ca. The survey, which polled more than 14,500 global respondents, found Mexican workers (77 per cent) were most likely to feel they don’t have enough vacation days, while Japanese employees (43 per cent) […]

  • May 5, 2023 May 4, 2023
  • 09:00

N.S. Teachers’ Pension Plan’s funded status dips to 75.1%: annual report

The Nova Scotia Teachers’ Pension Plan’s funded status dipped from 82.5 per cent to 75.1 per cent on a going-concern basis in 2022, according to its annual report. The decrease in the funded ratio year over year was due to the asset losses in 2022 and to the fact the plan’s discount rate was maintained […]

  • May 4, 2023 May 3, 2023
  • 12:30

OMERS backing hepatitis C drug, BCI acquiring stake in space technology company

The pharmaceutical arm of the Ontario Municipal Employees’ Retirement System is acquiring a stake in an anti-viral drug. According to the terms of a $200-million deal between OMERS Life Sciences and Enanta Pharmaceuticals Inc., the pension fund will receive a 54.5 per cent stake on the first US$284 million in royalties earned by the hepatitis […]

  • May 4, 2023 May 4, 2023
  • 12:30