The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to […]
For institutional investors keen to maintain environmental, social and governance commitments made in recent years, there’s a steep climb ahead. The Paris Agreement — and its call to keep climate change to a 2°C warming scenario — is shrinking the investable universe for those still seeking to align with its confines, according to a report […]
Enbridge Inc. is undertaking a series of steps to further diversify its workforce and address anti-Black systemic racism, starting with signing onto the BlackNorth Initiative pledge. Founded by the Canadian Council of Business Leaders Against Anti-Black Systemic Racism, the pledge asks senior business leaders across the country to commit to undertaking specific actions and targets […]
The Canada Life Assurance Co. is absorbing the Toronto-Dominion Bank’s TD Future Builders retirement savings plan program members as of March 19. “We believe Canada Life will deliver a strong group retirement and savings experience that supports the needs of TD Future Builder business customers and their employees, while allowing [Toronto-Dominion Asset Management Inc.] to focus […]
A series of legislative changes to Canada’s labour code aiming to make workplaces healthier, safer and fairer took effect as of Jan. 1, 2021. The changes include new pay transparency regulations for federally regulated, private sector employers with 100 or more employees. According to a press release, the move makes Canada the first country to […]
The Caisse de dépôt et placement du Québec and local investor Cathay PE are jointly acquiring a 50 per cent interest in the Greater Changhua 1 Offshore Wind Farm, a 605-megawatt facility in Taiwan. The majority of the approximately $3.4-billion deal will be used to pay for the engineering, procurement and construction services for the […]
The Ontario Teachers’ Pension Plan is appointing Nick Jansa as senior managing director for its Europe, Middle East and Africa markets. Jansa will be based in the London office and will report to Ziad Hindo, the pension fund’s chief investment officer. As a member of the investment executive team, Hindo will lead the investment activities […]
The Caisse de dépôt et placement du Québec is investing an additional US$1 billion in Invenergy Renewables, a developer and operator of wind and solar projects across North America. The commitment, in the form of new investment facilities, will support Invenergy’s expanded development activities and continued growth, according to a press release. The Caisse began […]
With drug costs for plan sponsors steadily rising in recent years, keeping budgets down is top of mind as they plan for 2021. “The biggest concern for plan sponsors is sustainability,” said Shawn O’Brien, principal of data enablement and drug, health, dental product roadmap for Telus Health, in a press release. “They have to find a […]
Nearly half of working Canadians (49 per cent) will be taking less or no vacation time this December as a result of the ongoing coronavirus pandemic, according to a new survey conducted on behalf of ADP Canada Co. The survey found 27 per cent of those respondents won’t take any time off at all during […]