The Caisse de dépôt et placement du Québec is investing in IEX Group Inc., a New York-based financial technology company. The company operates the Investors’ Exchange, a U.S. securities exchange that handles about US$12 billion worth of shares every day, according to a press release. It also recently launched IEX Cloud, a platform that delivers financial data to […]
Pension investments are a key component of ensuring secure benefits for plan members upon their retirement. To celebrate the plan sponsors and pension investors who work hard to ensure strong investment outcomes, the first-ever Pension Leadership Awards recognized winners across several categories. Congratulations to all the winners. You can view highlights about the winners below: […]
Gender diversity is increasing on the boards of Canada’s 100 largest publicly-traded companies, according to a new report by KPMG Canada. It found women comprised 34 per cent of new board appointments since 2014. These women were slightly younger than their male counterparts, more educated, far more likely to come from outside the organization and […]
Dean Connor, Sun Life Financial Inc.’s president and chief executive officer, is retiring, effective Aug. 6, 2021. Kevin Strain will take over as president and a member of the organization’s board of directors as of Feb. 15, 2021 and as CEO upon Connor’s retirement. Since 2017, he’s held the role of executive vice-president and chief financial officer, as well as […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in NVISION Eye Centers, a U.S.-based provider of eye-care services. As part of the transaction, Dr. Tom Tooma, NVISION’s founder, will retain a significant minority position in the company, serving as its chief medical officer and as a member of the board of directors. “Our […]
The Ontario Teachers’ Pension Plan is acquiring a majority stake in NVISION Eye Centers, a U.S.-based provider of eye-care services. As part of the transaction, Dr. Tom Tooma, NVISION’s founder, will retain a significant minority position in the company, serving as its chief medical officer and as a member of the board of directors. Read: PSP investing […]
The federal government has published revised draft legislation for the Income Tax Act that would facilitate the conversion of existing health and welfare trusts into employee life and health trusts by 2022. The latest draft legislation follows an initial proposal in the government’s 2018 budget and draft legislative proposals released in May 2019. It noted that the […]
In Monday’s fall economic statement, the federal government proposed changes to employee stock option rules and offered additional support for essential workers. The statement provided an overview of the government’s approach to combating the ongoing coronavirus pandemic, while offering details on additional measures moving forward. The changes to employee stock option tax rules include an annual […]
In lieu of traditional end-of-year company celebration events and gifts, Manulife Financial Corp. is giving its 35,000 employees around the world $50 each and encouraging them to “pay it forward” this holiday season. In recognition of the hardships endured by many this year due to the coronavirus pandemic, the insurer is encouraging its employees to donate to individuals […]
The Canada Pension Plan Investment Board and Hudson Pacific Properties Inc. are purchasing an office tower in Seattle for US$625 million. The property is 98 per cent leased with Amazon.com Inc. occupying a majority of the building. It’s the latest investment in Seattle real estate by the partnership, which also jointly owns the nearby Hill7 office tower. “We’re pleased […]