Premium Brands Holdings Corp., which owns a broad range of food manufacturing and distribution businesses operating throughout the U.S. and Canada, has completed a private placement deal for common shares with the Canada Pension Plan Investment Board. At $86.30 per share, the CPPIB’s investment in 400,200 common shares, comes to about $34.5 million. A four-month […]
QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., is launching a green bond framework. The framework is for financing sustainable investment projects through BCI QuadReal Realty, which is the primary issuing entity of unsecured notes for the BCI’s real estate program Under the framework, net green bond proceeds […]
While 33 per cent of global employees said they want to return to the physical workplace full time after the coronavirus pandemic in April, that number dropped to four per cent when respondents were asked the same question in June, according to a new survey by Perceptyx Inc. In its survey of more than 750,ooo […]
Morningstar Inc. is taking aim at the disparate ESG disclosure requirements still hampering the investment industry. In a recent report, Morningstar explored some of the issues hindering ESG measurement tools. “Simply put, ESG disclosures from issuers are all too often inconsistent and non-comparable and material information is not always available.” One key problem, it noted, […]
The coronavirus pandemic is dramatically affecting workplaces, employers and employees across Canada, according to a new survey by the International Foundation of Employee Benefit Plans. While a third of surveyed employers said they already offered telehealth or telemedicine before the pandemic, an additional 19 per cent said they added it during the crisis and another […]
When Canadian taxpayers are on the hook for public sector pension plan obligations, these institutions must spell that out clearly in their financial reporting, according to a new paper by the C.D. Howe Institute. “Reporting of pension costs as they accrue and net obligations at a point in time is tricky,” wrote William Robson, the organization’s chief […]
The Caisse de dépôt et placement du Québec is providing a loan to Medicom Inc., a Quebec-based manufacturer and distributor of infection-control products. The company has 13 distribution centres and 10 plants, with operations in North America, Europe and Asia. While the Caisse is already one of Medicom’s financial partners, its support will be used […]
The Office of the Superintendent of Financial Institutions is set to restart its policy development work this fall. The OSFI suspended consultations and policy development as part of its measures to reduce operational stress on institutions during the pandemic. As Canada begins to take steps towards reopening and recovery, the OSFI plans to ramp up […]
Brink’s Canada Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus offering. Represented by Unifor, 582 full- and part-time workers from Ontario and 175 from British Columbia officially became part of the plan on a go-forward basis effective July 1, 2020. “We are delighted to welcome Brink’s […]
The Caisse de dépôt et placement du Québec is lending financing to Medicom Inc., a Quebec-based manufacturer and distributor of infection control products. The company, which also specializes in personal protective equipment, including medical grade face masks and gloves, has operations in North America, Europe and Asia. Through 13 distribution centres and 10 plants, it serves the health care and industrial […]