The Alberta Investment Management Corp. is buying an 85 per cent equity stake in the Northern Courier pipeline from TC Energy, formerly known as TransCanada Corp. After the transaction closes, which is expected to be in the third quarter of 2019, TC Energy will hold an aggregate 15 per cent share in the pipeline and […]
The Professional Institute of the Public Service of Canada and the Treasury Board have reached an agreement that includes expanded parental leave top-up, paid leave for survivors of domestic violence and a wage increase. “Our members give their best to Canada and to their families. We went into these negotiations to get a deal that […]
While the Pension Investment Association of Canada is praising Ontario’s 2019 budget proposals, it’s also questioning how the provincial government is planning to implement them. In a letter to provincial Finance Minister Vic Fedeli, the association noted further clarification is needed around the introduction of variable benefits. “While we are pleased that 50 per cent unlocking will be available […]
Medavie Blue Cross is appointing Shane Reid as director of product, pharmacy and provider management. In the new role, Reid will be responsible for leading the development of products for the insurer’s group and individual business, as well as strengthening its position in group benefits and drug plan management. He brings extensive experience in group benefits, […]
The Nova Scotia government is moving forward with changes to its regulatory framework for defined benefit pension plans. The province’s new framework follows a review launched in September 2017 and a summary of feedback released in April 2018. It’s still seeking input on technical issues, identified in the paper, in order to determine the best road forward […]
DowDuPont Inc.’s specialty products division is adopting a comprehensive parental leave policy, which offers four weeks of paid leave for new parents, including adoptive and same-sex parents. “For birth mothers, the four paid weeks are in addition to an enhanced paid maternity leave which has been extended to 12 weeks,” said the company in a press […]
Fewer than half of U.S. employees have a positive state of well-being, according to a new survey by Alight Solutions. The survey, which polled 2,301 people, also found Americans’ perceptions of their well-being status is dropping. “Personal perceptions of mental and emotional well-being have declined most — down six points,” noted the report. It found millennials rated the state […]
Employees who think about their upcoming role at work during their morning commutes are less likely to be negatively affected, according to a recent study by the Harvard Business School. The study noted the average commute time for employees is 38 minutes each way, meaning each commuter spends nearly 300 hours travelling between work and home in […]
More than four out of five (83 per cent) Canadian workers are satisfied with their work, according to a study on the Canadian workplace by office supplies, technology products and furniture distributors Novexco Inc. The majority (90 per cent) of employee respondents said they’re very engaged, 81 per cent are motivated by their job and 75 per […]
Though data has been a buzzword in the investment world for years, new and unique types of data have the potential to add value to both quantitative and fundamental investment models, according to a new report by Greenwich Associates. Looking at less traditional, or alternative, forms of data is becoming more interesting to active asset managers struggling to beat […]