Staff

Ontario Teachers’ investing in financial crime-prevention technology company

ComplyAdvantage, a technology company focused on detecting and preventing financial crime, is closing a US$50 million series C round of funding that was led by the Ontario Teachers’ Pension Plan. The Ontario Teachers’ is investing through its Teachers’ Innovation Platform, which makes late-stage venture and growth equity investments in companies that use disruptive technology. The […]

  • July 28, 2020 December 5, 2020
  • 12:53

ILPA introduces deal-by-deal agreement template for private equity industry

The Institutional Limited Partners Association is publishing a deal-by-deal model limited partnership agreement and term sheet to serve as a template for the industry. “We are delighted to release the deal-by-deal model LPA, both for our members, who can have confidence in the balance and transparency it provides and for our industry partners who will […]

  • July 28, 2020 December 6, 2020
  • 10:26

A third of working Canadians worry about job security during pandemic: survey

More than half (58 per cent) of working Canadians said they feel more concerned about their financial situation due to the coronavirus pandemic, according to a new survey by the Canadian Payroll Association. The survey, which polled more than 4,000 employed Canadians, found 54 per cent said their company is facing serious economic impacts from […]

  • July 28, 2020 November 11, 2020
  • 09:20

CRA pension bulletin shouldn’t apply to MEPPs, JSPPs, says ACPM

In a letter to the Canada Revenue Agency’s registered plans directorate, the Association of Canadian Pension Management said a new draft bulletin only covers a concern attached to smaller pension plans and shouldn’t apply to larger, employer-sponsored plans. The ACPM said it recognizes the agency’s efforts in providing guidance on apportioning assets and actuarial liabilities in actuarial valuation reports for […]

  • July 28, 2020 November 30, 2020
  • 09:15

Canadian DB pensions holding about equal weight in stocks, fixed income: PIAC

Canadian defined benefit plan sponsors are holding an almost equal amount of fixed income and equity in their portfolios, according to the Pension Investment Association of Canada’s 2019 asset mix report. The report found the PIAC’s membership reported a total of more than $2.2 trillion under management last year, up from just under $2.1 trillion in 2018. As well, […]

  • July 27, 2020 November 30, 2020
  • 15:15

CPPIB shedding shares of Canadian gold mine developer

CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. Read: Caisse buying return royalty […]

  • July 27, 2020 November 12, 2020
  • 15:00

CPPIB Credit shedding shares of Canadian gold mine developer

CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in Battle North Gold Corp. The shares of the Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million. The sale […]

  • July 27, 2020 December 6, 2020
  • 09:16

B.C. launches online tool to process temporary layoff extension applications

British Columbia’s ministry of labour is introducing a new online portal to help the government process applications for temporary layoff extensions more quickly. In late June, the province extended the time period for temporary layoffs related to the coronavirus pandemic to a maximum of 24 weeks — up from 16 previously — expiring Aug. 30, following calls from opposition parties […]

  • July 27, 2020 December 2, 2020
  • 09:15

Strong Q2 for pension managers’ pooled funds: report

Diversified pooled fund managers had a positive second quarter of 2020, posting a median return of 11 per cent before management fees, according to the Morneau Shepell universe of pension manager’s pooled funds. Despite the strong results, the return was 1.2 per cent lower than the benchmark portfolio used by many pension plans. Further, the […]

  • July 27, 2020 December 6, 2020
  • 08:00

BCI’s QuadReal closes inaugural green bond senior note offering

QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., has issued $350 million of 1.747 per cent series-2 senior notes maturing July 24, 2030, through BCI QuadReal Realty. The issuance is BQR’s inaugural green bond offering. “On the back of a successful inaugural issuance and continuing low interest rate […]

  • July 27, 2020 December 6, 2020
  • 07:46