The union hoping to represent Foodora Inc.’s Toronto couriers has filed an unfair labour practice complaint with the Ontario Labour Relations Board, alleging the company is attempting to scare couriers into voting against unionization. Couriers are set to vote on whether to join the Canadian Union of Postal Workers on Friday. In a press release, the […]
Sun Life Global Investments Canada Inc. has named Jordy Chilcott president and senior vice-president of investment solutions. In the new role, he’s oversee the firm and focus on investment performance and driving positive client outcomes, according to a press release. “I’ve always believed the asset management business is, at its core, a people business,” said Chilcott, […]
The majority (80 per cent) of Canadian employers said they’re concerned about retaining top talent, with more than a quarter of respondents saying they’re very concerned, according to a new survey by global staffing firm Robert Half International. The survey, which polled more than 600 senior managers at companies across Canada, found employers’ most cited […]
The Caisse de dépôt et placement du Québec, alongside Fengate Asset Management, is investing in eStruxture Data Centers. The Quebec-based data centre operator currently has five data centres, three in Montreal and two in Vancouver. The co-investment will allow the company to buy a new data centre from Shaw Communications Inc. in Calgary and help […]
Morneau Shepell Inc. has closed the previously announced acquisition of Mercer’s stand-alone, large market health and defined benefit pension plan administration business in the U.S. “We are pleased to welcome the very talented employees joining us with this acquisition and our new clients that we look forward to supporting and bringing exceptional service to their […]
Three-quarters (74 per cent) of employees said financial benefits, such as savings tools, offered by their employer at the time of a pay raise would lead to less stress, while 78 per cent said it would help them feel more confident about their finances, according to a new survey by Commonwealth. The survey, which polled […]
The Ontario Teachers’ Pension Plan and Australian superannuation fund AustralianSuper are investing up to US$1 billion each in the National Investment and Infrastructure Fund of India’s master fund. The agreement includes US$250 million from each pension fund, as well as investment rights of up to US$750 million each for ongoing opportunities alongside the master fund. In addition, the […]
Following a rough year for markets in 2018, asset managers have their work cut out for them if they want to attract and retain clients and re-establish positive momentum, with technology at the core of success, according to a new Boston Consulting Group report. “Even after a year as challenging as 2018, asset management is […]
About four in 10 (41 per cent) hedge fund managers are considering environmental, social and governance factors in their allocation decisions, according to a new survey by BarclayHedge Ltd. Among this group, 52 per cent of assets are currently allocated based on ESG ratings. Last year, that number was 42 per cent and it’s projected to jump […]
In the first half of 2019, the Caisse de dépôt et placement du Québec has earned an average return on depositors’ funds of 6.1 per cent, generating more than $18 billion in net investment results. “From a market perspective, we are living in roller coaster times,” said Michael Sabia, the fund’s president and chief investment officer, […]