Home News CIR News
CIR news

Latest news in CIR News

AIMCo backing offshore wind energy acquisition, Caisse investing in data centre project expansion

The Alberta Investment Management Corp. is backing an acquisition deal that will see Singapore-based Cyan Renewables buy Australian offshore marine services provider MMA Offshore Ltd.…

Copyright_olegback_123RF

Top 5 HR, benefits, pension and investment stories of the week

An article on the City of Philadelphia’s return-to-office mandate was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources,…

  • By: Staff
  • July 26, 2024 July 25, 2024
  • 09:00

OPB making key appointments to executive team as part of leadership transition strategy

The Ontario Pension Board is making two senior executive appointments as part of its management transition plan. The organization is appointing Marc Rondeau (pictured right)…

  • By: Staff
  • July 26, 2024 July 25, 2024
  • 06:05
Copyright_tomwang_123RF

Jordan Fremont joining Stikeman Elliott as partner

Jordan Fremont is joining Stikeman Elliott LLP’s pensions and benefits group as a partner. His practice focuses on pensions, benefits and compensation plan design, as…

  • By: Staff
  • July 25, 2024 July 24, 2024
  • 09:00

Liquidity status guiding Canadian pension funds through near-term market volatility: report

Liquidity status is helping some of Canada’s biggest pension funds meet the challenges of a volatile investment market thanks to exceptional liquidity status, according to…

  • By: Staff
  • July 24, 2024 July 24, 2024
  • 15:00

DB pension plans boosting recruitment, retention in public safety industry: report

More than half (52) per cent of new public safety employee hires are expected to retire from a defined benefit pension plan, according to a…

  • By: Staff
  • July 24, 2024 July 23, 2024
  • 09:00

CPPIB appointing Priti Singh as senior managing director, chief risk officer

The Canada Pension Plan Investment Board is appointing Priti Singh (pictured) as senior managing director and chief risk officer. Singh, who most recently served as…

  • By: Staff
  • July 19, 2024 July 18, 2024
  • 15:00

Canadian green taxonomy plan could boost institutional investments: PIAC

The establishment of a green and transition taxonomy by the federal government will help provide the confidence and transparency that investors need to make decisions…

  • By: Staff
  • July 19, 2024 July 18, 2024
  • 09:00
Copyright_jovannig_123RF

Canadian pension leaders urging sustainability regulator to modify new disclosure guidelines

In an open letter, leaders from Canada’s biggest pension funds are asking the Canadian Sustainability Standards Board to reconsider a two-year relief period granted to…

  • By: Staff
  • July 18, 2024 July 17, 2024
  • 09:00
Copyright_andranik2018_123RF

Average funded ratio of Canadian DB pension plans up 2% in Q2 2024: report

The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the second quarter of 2024 and nine per…

  • By: Staff
  • July 17, 2024 July 17, 2024
  • 15:00
17401734-123RF

Interest rate cut boosts returns from short-term government bonds, credit: report

Returns from short-term Government of Canada bonds and credit are rising due to the easing of interest rates by the Bank of Canada last month,…

  • By: Staff
  • July 15, 2024 July 15, 2024
  • 15:00
Copyright_armmypicca_123RF

Ontario court rules employer not obligated to preserve past service benefits

Ontario’s small claims court has ruled that an employer’s letter, which described the benefits coverage that would exist following a divestment as ‘comparable’ to prior…

Caisse, CPPIB, Ontario Teachers’ invest in insurance company

CPPIB investing €550M in European digital solutions provider, Caisse buying Brazilian power transmission platform

The Canada Pension Plan Investment Board is investing €550 million in Europe-based team.blue to acquire a 20 per cent interest in the firm. The total…

  • By: Staff
  • July 12, 2024 July 11, 2024
  • 15:00

Top 5 HR, benefits, pension and investment stories of the week

A story on how group insurers can help plan sponsors provide adequate coverage and ensure appropriate use of treatments for rare diseases was the most-read…

  • By: Staff
  • July 12, 2024 July 11, 2024
  • 09:00

Institutional investors considering AI need responsible rulebook: report

Putting responsible artificial intelligence principles in place is essential to enhancing risk-adjusted returns and positioning businesses for success, according to a new report by the Canada…

  • By: Staff
  • July 11, 2024 July 11, 2024
  • 15:00

FSRA CEO Mark White stepping down

Mark White, the chief executive officer of the Financial Services Regulator of Ontario, has been confirmed as chair of the Ontario Energy Board and will…

  • By: Staff
  • July 9, 2024 July 9, 2024
  • 15:00

Competition Bureau to speed development of guidance on new greenwashing rules

The Competition Bureau is speeding up the development of guidance on the interpretation of new provisions in the Competition Act aimed at greenwashing. The federal…

Blair Morrison retiring from BCFSA

Blair Morrison, chief executive officer and chief statutory officer of the British Columbia Financial Services Authority, is retiring in early 2025 after more than five…

  • By: Staff
  • July 9, 2024 July 8, 2024
  • 09:00
Copyright_jakobradlgruber_123RF

Commercial real estate challenges forcing Canadian pension funds to re-evaluate strategy: report

Some of Canada’s largest pension funds are rethinking their real estate strategies as higher interest rates continue to push valuations lower and lenders pull in…

  • By: Staff
  • July 8, 2024 July 8, 2024
  • 15:00

OMERS sells LifeLabs for $1.35BN, Ontario Teachers’ Venture Growth invests in Japanese HR software firm

The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics. The transaction is expected…

  • By: Staff
  • July 5, 2024 July 5, 2024
  • 13:00
Copyright_alekstaurus_123RF

Canadian public pension plans’ average funding ratio increased to 116% in 2023: report

Canadian corporate pension funds reported an average funding ratio of 117 per cent, while public pension funds reported an average of 116 per cent, according…

  • By: Staff
  • July 4, 2024 July 4, 2024
  • 15:00

Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports

The median solvency ratio of Canadian defined benefit pension plans remained flat in the second quarter of 2024, compared to the previous quarter, according to…

  • By: Staff
  • July 3, 2024 July 3, 2024
  • 15:00

Canada’s missing navigation tool in the push to lower emissions

It would be possible to get around a city if there were no agreed-upon street names, but it would take longer, people would get lost…

Copyright_Kwanchai Lerttanapunyaporn_123RF

BCI reports 7.5% annual return, assets grow to $250.4BN

The British Columbia Investment Management Corp. is reporting an annual return of 7.5 per cent, or $17.4 billion, as at March 31, 2024, up from 3.5…

  • By: Staff
  • June 28, 2024 June 28, 2024
  • 15:00
105364514-123RF

Ontario Teachers’ backs Indian financial services operator, Caisse invests in business software provider

The Ontario Teachers’ Pension Plan is acquiring a minority stake in India-based financial institution Kogta Financial Ltd. through a Series E investment transaction worth US$148 million.…

  • By: Staff
  • June 28, 2024 June 27, 2024
  • 15:00