When the dust settles from the coronavirus pandemic, what environmental, social and governance lessons will shine through? A recent blog post by Fiona Reynolds, chief executive officer of the Principles for Responsible Investment, pointed to differences between this crisis and the crisis of 2008. “While there are certainly parallels with the global financial crisis just […]
The mental-health repercussions of the coronavirus could see global sales of psychiatric drugs increase to more than US$40 billion by 2025, according to data and analytics company GlobalData. Global sales for drugs to treat mental-health disorders such as depression, anxiety and obsessive compulsive disorder are expected to reach US$27.4 billion in 2020, an increase of US$717 […]
The Public Sector Pension Investment Board is making a strategic investment in SitusAMC, which provides advisory, outsourcing, talent and technology solutions to both the commercial and residential real estate finance industries. The PSP joins previous backer, private equity firm Stone Point Capital, which will remain SitusAMC’s largest shareholder. Read: PSP subsidiary starts development consultations for Toronto property […]
The Canada Pension Plan Investment Board is appointing Judy Wade as managing director and head of the San Francisco offices it set up in August 2019. In her new role, Wade will lead the CPPIB’s expansion into the Bay Area, furthering its presence in the U.S. In addition, Adam Grosser will join Wade in the San Francisco […]
Morneau Shepell Ltd.’s latest monthly mental-health index, which includes a measure of how the coronavirus pandemic is impacting Canadian workers’ mental health, has reached a new low of 63. This compares to a benchmark of 75 and is unprecedented in the three-year period that data has been collected, noted a press release. “An overall score of […]
While many Canadian employers are increasing safety measures for their frontline workers during the coronavirus pandemic, a minority are increasing pay or considering doing so, according to a new survey by the Conference Board of Canada. The majority (86 per cent) of respondents said they have employees who need to attend work in person. All respondents said they’re […]
Canada’s defined benefit plans have had a rough quarter. According to Aon’s median solvency ratio, DB plans fell to an average solvency of 89.1 per cent at the end of the first quarter, from 102.5 per cent at the end 2019. Mercer’s pension health index also dropped, from 112 per cent at the end of […]
The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board have completed the purchase of all 30,000,000 common shares of AltaGas Canada Inc. Through the all-cash transaction, which was announced in October 2019, each share was sold for $33.50, coming to a total of $1.005 billion. AltaGas will now be known as TriSummit Utilities Inc. The two pension […]
With the coronavirus continuing to affect businesses across North America, employers are eyeing a number of cost-containment strategies, including hiring freezes, wage freezes and delayed pay raises, according to a new survey by Willis Towers Watson. The survey, which polled more than 800 companies during the third week of March, found 42 per cent of […]
Trimac Transportation is partnering with Calgary-headquartered wellness app Headversity to provide mental-health and resilience training for its workers. Truckers have been experiencing elevated levels of stress since the federal government declared trucking an essential service in Canada during the coronavirus pandemic, according to the North American transportation company. “COVID-19 has impacted everybody,” said Kara Gillespie, vice-president of […]