Staff

PIAC urging federal government to reconsider cessation of real return bonds, citing DB pension impacts

The Pension Investment Association of Canada is urging the federal government to reconsider the cessation of real return bond issuances, citing potential financial impacts to defined benefit pension plans and members. In an open letter to the Ministry of Finance, the PIAC said the decision was made “without fulsome consultation or warning” and impacts pension […]

  • January 23, 2023 January 20, 2023
  • 09:00

Caisse receives top grade for climate strategy across 11 public pension investors: report

The Caisse de dépôt et placement du Québec received the highest mark in a report card grading the climate strategies of the 11 largest public pension investment organizations in Canada. The Caisse’s strategy, which received a B+ from Shift Action for Pension Wealth and Planet Health, was praised for including provisions to divest its portfolio […]

  • January 19, 2023 January 19, 2023
  • 12:30

Ontario Teachers’ redeveloping Winnipeg football site, AIMCo investing in PSP-sourced loans

Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, is redeveloping the former home field of the Winnipeg Blue Bombers into a mixed-use space. The investment organization is partnering with Shindico Realty Inc. to transform Polo Park, which housed Canad Inns Stadium from 1953 until 2013. The site was acquired by Cadillac […]

  • January 19, 2023 January 19, 2023
  • 12:00

Employees who feel they don’t belong at work more likely to quit: survey

Employees who feel like they don’t belong at their workplace are 59 per cent more likely to consider quitting their job due to mental-health concerns, according to a new survey by LifeSpeak Inc. The survey, which polled 1,000 employees and 1,000 human resources professionals, found nearly two-thirds (61 per cent) of employees who reported a […]

  • January 19, 2023 January 18, 2023
  • 09:00

Starbucks requiring workers to return to office three days a week

Starbucks Corp. is requiring its white-collar employees to work from the office at least three days per week starting Jan. 30. According to a report by CNBC, employees within commuting distance of the company’s Seattle head office will be required to work onsite Tuesdays, Wednesdays and a third day to be determined by their team. […]

  • January 18, 2023 January 17, 2023
  • 09:00

BCI acquiring battery storage company, Caisse buying German logistics facility

The British Columbia Investment Management Corp. is acquiring a battery storage provider. The investment organization will acquire Eku Energy from Macquarie Asset Management. The company designs electrical storage systems and operates a portfolio of these in projects in Australia, Europe and Japan. In the release, Lincoln Webb, executive vice-president and global head of infrastructure and […]

  • January 17, 2023 January 19, 2023
  • 12:30

Global economy likely to experience higher inflation, interest rates: report

The world is entering an unpredictable period defined by increasing fiscal policy use, decreasing global trade and higher inflation and interest rates, according to a new research paper by the Investment Management Corp. of Ontario. “At IMCO, we believe that these global trends are leading us towards a new era of investing, one where it […]

  • January 17, 2023 January 17, 2023
  • 12:00

Survey finds sales of U.S. supplemental health insurance products increasing

Sales of U.S. workplace supplemental health insurance products totalled US$2.1 billion in the first nine months of 2022, rising 11 per cent year over year, according to a new survey by LIMRA. It also found workplace supplemental health insurers reported a combined total of $453 million in the third quarter of 2022, three per cent […]

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

Microsoft’s U.S. employees receiving unlimited vacation days

Microsoft Corp. is providing its full-time U.S. employees with unlimited time off, effective this week. The policy, which will only apply to salaried U.S. workers, will be available to these employees as soon as they join the company, according to a report by technology news website the Verge. Employees who have an unused vacation balance will […]

  • January 16, 2023 January 16, 2023
  • 15:00

62% of U.S. women expect to postpone retirement due to inflation: survey

Nearly two-thirds (62 per cent) of U.S. women say they expect to retire later than originally planned or not at all due to rising inflation, a significant increase from 25 per cent in 2021, according to a new survey by Edelman Data and Intelligence on behalf of Nationwide Mutual Insurance Co. The survey, which polled […]

  • January 13, 2023 January 13, 2023
  • 15:00