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 […]
Canadian employees are most productive at the beginning of the week, according to a new survey by Accountemps. About a third (35 per cent) of respondents said they’re most productive on Tuesdays, followed by Mondays (25 per cent), Wednesdays (18 per cent), Thursdays (12 per cent) and Fridays (10 per cent). As well, 41 per […]
The number of Canadian venture capital deals declined in the first half of 2019, according to research from PwC Canada. The total amount raised by Canadian companies was down 13 per cent for the first six months of the year compared to the same time period in 2018, with the number of deals down by […]
The Public Sector Pension Investment Board, alongside private equity firm Lightyear Capital, have completed the sale of Advisor Group Inc. to Reverence Capital Partners. Since the partners acquired Advisor Group in May 2016, client assets under administration increased more than 73 per cent, from $157 billion to $272 billion. At the same time, the group grew from 5,200 […]
Generation X employees in leadership roles are overlooked for promotions at higher rates than their counterparts in other generations, according to a study by Development Dimensions International Inc. The study, which analyzed data from more than 25,000 leaders across industries and regions in an attempt to understand leadership advancement by generation, found the majority (66 per cent) of gen-X leaders received […]
The British Columbia Investment Management Corp. posted a combined net return of 6.1 per cent for its fiscal year, which ended March 31, 2019. Adding $2 billion in value, the organization increased its assets under management to $153.4 billion and beat its combined market benchmark, which returned 4.5 per cent. Private assets drove the outperformance, with income generation and […]
The federal government is providing $2.4 million in funding to two organizations that are working to address sexual harassment in Canadian workplaces. These organizations — Legal Information Society of Nova Scotia and the Canadian Association of Statutory Human Rights Agencies — are aimed at improving access to justice for individuals who experience sexual harassment in their workplace, according to a press […]
Mercer Canada has appointed Bernard Mercier as partner and wealth business leader for its Vancouver division. In the new role, he’ll be responsible for service offerings as well as leading the pension and investment team. With more than 30 years of experience in retirement consulting, business development and leadership, Mercier has expertise directing pension plan […]
Mercer Canada has appointed Bernard Mercier as partner and wealth business leader for its Vancouver division. He’ll be responsible for service offerings as well as leading the pension and investment team. With more than 30 years’ experience in retirement consulting, business development and leadership, Mercier has expertise directing plan and corporate mergers, acquisitions and divestitures […]
Canadian defined benefit plans posted a median return of 2.5 per cent during the second quarter of 2019, according to data by Northern Trust Corp. The small gain marked the second consecutive quarter of positive growth, despite global growth concerns and worries over ongoing trade disputes contributing to equity volatility in developed markets. “In the midst of uncertainty surrounding […]