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OPTrust invests in environmental and waste management solutions company

The OPSEU Pension Trust is investing in Environmental 360 Solutions Inc., an environmental and waste management solutions company that serves municipalities and commercial customers. The strategic investment will be used to support the growth of the company, which currently operates in Ontario, Alberta and British Columbia, through both organic initiatives and acquisitions. “We are very […]

  • October 23, 2020 January 19, 2021
  • 07:41

Half of Canadian employees considering a new job: survey

While the majority of Canadian employers feel confident about the economy, 49 per cent of employees are seriously considering leaving their role, according to a new report by Hays Specialist Recruitment (Canada) Inc. Among the reasons cited by dissatisfied employees were reduced social interaction due to the ongoing coronavirus pandemic (45 per cent), increased workloads […]

  • October 22, 2020 October 22, 2020
  • 15:15

OPTrust invests in eco-friendly waste management solutions company

The OPSEU Pension Trust is investing in Environmental 360 Solutions Inc., an eco-friendly waste management solutions company headquartered in Napanee, Ont. Furthering its commitment to responsible investing, the investment signals that environmental, social and governance factors remain a part of the pension fund’s long-term vision, noted a press release. “We are very pleased to announce our […]

  • October 22, 2020 October 22, 2020
  • 13:00

OTPP invests in data centre company, financial advisory firm, Caisse encourages diversity with new fund

The Ontario Teachers’ Pension Plan is leading a new US$360 million equity investment in a Singapore-based data centre developer, operator and investor. Founded in 2017, Princeton Digital Group has a current portfolio of 18 centres across China, India, Indonesia and Singapore. Global private equity firm Warburg Pincus LLC is also participating in the investment. “We’re […]

  • October 22, 2020 January 19, 2021
  • 08:32

OTPP in private equity investments, Caisse encourages diversity with new fund

The Ontario Teachers’ Pension Plan is leading a new US$360 million equity investment in a Singapore-based data centre developer. Founded in 2017, Princeton Digital Group has a current portfolio of 18 centres across China, India, Indonesia and Singapore. Global private equity firm Warburg Pincus LLC is also participating in the investment. “We’re excited to invest in […]

  • October 21, 2020 October 21, 2020
  • 15:00

Feds launching new online mental-health resources

This Mental Health Awareness Month, the federal government unveiled a series of initiatives to support the well-being of Canadian workers. The Ministry of Labour is partnering with the Canadian Centre for Occupational Health and Safety and the Mental Health Commission of Canada to provide workers with access to detailed and credible information on mental health and wellness. […]

  • October 20, 2020 October 20, 2020
  • 15:15

Despite market uncertainty, Canada maintains No. 9 position in global retirement rankings

Canada’s retirement income system scored ninth place for the second year in a row, securing a “B” rating in spite of uncertainty in the markets as a result of the coronavirus pandemic. The annual global pension index by Mercer and the CFA Institute noted the pandemic’s effects on the global pension fund markets aren’t only widespread […]

  • October 20, 2020 January 19, 2021
  • 15:00

Median DB pension solvency up in 2019, FSRA monitors coronavirus impact

While the overall financial state of Ontario’s defined benefit pension plans improved in 2019, the Financial Services Regulatory Authority of Ontario continues to monitor fluctuations caused by the ongoing coronavirus pandemic. In the FSRA’s new report, it projected the estimated going-concern and solvency funding positions of the province’s DB plans to a common year-end date. […]

  • October 20, 2020 January 19, 2021
  • 09:05

OMERS selling stake in Detroit rail tunnel

The Ontario Municipal Employees Retirement System’s infrastructure arm is selling its interest in the Detroit River tunnel partnership to Canadian Pacific. The sale, which will give CP full ownership of the rail tunnel, is expected to generate approximately US$312 million for the OMERS. “We are very proud of the value we have created with this […]

  • October 19, 2020 January 19, 2021
  • 09:00

Cost of employer medical benefits to rise 7.2% in 2021: report

The costs of employer medical benefits around the globe are forecasted to rise 7.2 per cent in 2021, outpacing general inflation by five per cent, according to a new medical trends report by Aon. “There is still a significant amount of uncertainty regarding COVID-19’s impact on deferred treatments and long-term health care,” said Tim Nimmer, Aon’s […]

  • October 19, 2020 October 19, 2020
  • 08:45