The Canada Pension Plan Investment Board and Quebec’s Caisse de depot are among institutional investors seeking greater transparency from three of the world’s biggest mining conglomerates on how they’re dealing with climate change. The “strategic resilience” resolutions put forward today by a coalition of international investors ask giants Rio Tinto, Glencore and Anglo American for […]
The C.D. Howe Institute says reforms to employment insurance and moves to develop a more highly skilled workforce can help Canada’s labour market adjust to weakened economic conditions. The Toronto-based think-tank says the federal government should make changes to EI because the program only covers about half of unemployed Canadians. Read: Liberals pledge to reform […]
The percentage of Canadians who plan on contributing to their RRSP before the deadline at the end of next month is down slightly from last year, according to a poll issued by the Bank of Montreal. However, the survey found that those who have already contributed and those who are still planning to add to […]
An investment arm of one of Canada’s large public-sector pension funds says it has agreed to buy a 24.15% stake in Spain’s largest operator of oil storage facilities and pipelines. Borealis Infrastructure – part of the OMERS pension system – is acquiring a 9.15% stake in Compania Logistica de Hidrocarburos, or CLH, from Cepsa and a 15 stake […]
The union representing striking newsroom employees at Canada’s largest independent daily newspaper says the company has suspended 18 layoff notices that were sent out hours after the workers walked off the job. Ingrid Bulmer, president of the Halifax Typographical Union, says a lawyer for the Halifax Chronicle Herald sent them a text message saying layoff […]
A meeting of health ministers has wrapped up in Vancouver, with what the federal government calls a “first step” toward improving Canada’s healthcare system. Federal Health Minister Jane Philpott highlighted the formation of a working group to discuss a national pharmaceutical strategy. Earlier in the week, she announced Ottawa will join the provinces in a […]
The CEO of Goodwill Industries of Toronto, Eastern, Central and Northern Ontario says laid-off staff will be paid by the end of the day. Keiko Nakamura says the payment will be for hours worked up to and including January 16 – the day before the charitable organization announced it would 16 stores, 10 donation centres […]
Alberta’s Crown-owned fund manager has sold its stake in a Chilean toll highway for about $1.5 billion to its partner. Alberta Investment Management Corp., or AIMCo, bought a 50% interest in Autopista Central de Chile in late 2010 for $878 million. The toll road consortium now is solely owned by Abertis Infraestructuras SA, which holds […]
The Bank of Canada is holding its benchmark interest rate at 0.5 per cent even as it downgrades its growth outlook for an economy hit by falling commodity prices. The central bank made the scheduled announcement today as the country adjusts to a complex mix of sliding resource prices, a falling Canadian dollar and weaker […]
The International Monetary Fund has cut its growth projection for the world this year but left its outlook for Canada unchanged from its earlier estimates in October. In its revision to the semi-annual World Economic Outlook, the Washington-based lender predicts the global economy will grow by 3.4% in 2016, down from 3.6% in the earlier […]