The Investment Management Corp. of Ontario is adding €250 million to its previous investments in euNetworks Group Ltd., a European bandwidth infrastructure company. The cash injection is set to fund the company’s further organic growth, mergers and acquisitions and general corporate purposes. The company operates deep fibre networks in 17 cities in Europe. “We seek to invest […]
Green Shield Canada is partnering with ManagingLife Inc. to offer the software developer’s Manage My Pain app at no cost to benefits plan members for the rest of 2020. The app allows users to track, analyze and share the details of their chronic pain condition with their physician and other health-care providers. It also provides […]
The federal government and several provinces are signing a new agreement regarding administration and regulation of multi-jurisdictional pension plans. The provincial governments of British Columbia, Alberta, Saskatchewan, Ontario, Quebec, New Brunswick and Nova Scotia are all on board with the agreement, which replaces the 2016 version, only signed by some provinces; a 1968 reciprocal agreement signed between all […]
If employee productivity increases by two per cent per year for the next decade, Canadians could enjoy a four-day workweek without giving up income or sacrificing their living standards, according to a new study by the Fraser Institute. “In light of the COVID-19 lockdown, there’s been a lot of talk about a possible four-day workweek […]
Hub International Ltd. is acquiring Usefulideas, an employee benefits and group retirement consultancy based in Toronto. Joanne Rose, the organization’s principal and senior benefits consultant, will join Hub Ontario, reporting into Matt Lievers, its president of employee benefits. “Usefulideas will be a great addition to our growing employee benefits and retirement team in Canada,” said Gregory […]
The Caisse de dépôt et placement du Québec has released its annual report, highlighting the results previously announced on Feb. 20, including a return of 10.4 per cent for 2019 and a growth in net assets of $30.6 billion for the year. “2019 was a good year for investors – markets experienced one of their […]
The Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board are investing in WSP Global Inc., an engineering and design services firm, through a private placement of common shares. The Caisse is set to buy about $44 million of common shares in aggregate, while a subsidiary of the CPPIB is purchasing about […]
While real assets have traditionally served institutional investors well during times of economic stress, the ramifications of the coronavirus pandemic are starting to take their toll in some places. In commercial real estate, investors will likely re-evaluate their capital spending for 2020 in pockets like Edmonton and Calgary with the areas hit hard by the […]
Will this summer be prime vacation time for Canadians? While travel restrictions and social distancing protocols are still in effect, many employers are encouraging their staff to take breaks to avoid burnout, according to a new survey by the Conference Board of Canada. About a third (33 per cent) of survey respondents said they’re encouraging staff to […]
A quarter (26 per cent) of Canadians indicated moderate to severe anxiety levels, 23 per cent said they felt lonely occasionally or most of the time in the past week and 20 per cent reported feeling depressed occasionally or most of the time in the past week, according to a new survey by the Centre […]