By the time Nick Chamie graduated with his first degree in economics in 1992, the Berlin Wall had already fallen and the Soviet Union had ceased to exist. Still, Chamie — now the chief strategist and senior managing director at the Investment Management Corp. of Ontario — explains that, as he began making his way in the […]
An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Fidelity Canada wins award for focusing on flexibility amid return-to-office rollout 2. CPP maximum pensionable earnings increasing to $68,500 […]
The Ontario government is launching an infrastructure bank that will leverage investments by public sector pension plans and other Canadian institutional investors. In its fall economic statement on Thursday, the province said it will provide $3 billion in initial funding to the Ontario Infrastructure Bank, which will support the development of new long‐term care homes, […]
An article on the new agreement between Ford of Canada and Unifor was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Ford, Unifor agreement includes significant DC pension improvements, transition to DB plan 2. Alberta deserves more than half CPP assets if it exits program: report […]
The Alberta Investment Management Corp. is opening its first Asian office, but the Edmonton-based investment organization says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening of the AIMCo’s new Singapore office marks the first foray into the Asia-Pacific region for one of Canada’s largest institutional investors, with $158 billion of assets under management as of 2022. Evan Siddall, chief executive officer of the AIMCo, […]
Despite the prevalence of farming in its home province, the Alberta Investment Management Corp.’s agricultural portfolio is just 13 years old, the product of a 2010 investment in converted farmland held by Australian timber producer Great Southern Group. The properties proved too arid for tree growth and were converted back to croplands for canola, wheat […]
The Caisse de dépôt et placement du Québec isn’t fulfilling its mandate to achieve optimal investment returns within its investment framework, according to a new report by the Centre for Productivity and Prosperity, a public interest group funded by the Quebec government and the Walter J. Somers Foundation. “The CDPQ is performing well enough to […]
Traditionally, Chinese workers have relied on two pillars of income in retirement — the basic state pension and employer-sponsored plans open to employees in certain sectors. However, in late 2022, the Chinese government poured some concrete into the mould of a third pillar, unveiling the details of a previously announced private pension scheme. Under the […]
The Healthcare of Ontario Pension Plan and Bedford Capital are finalizing a deal to sell Edmonton-based Champion Petfoods to Ontario-based Mars Petcare Inc. Best known for its lines of confectionery products, including Mars Bars, M&Ms and Twix, Mars has built a significant portfolio of pet food brands. Following the transaction, Champion’s brands will be absorbed […]
The Caisse de dépôt et placement du Québec received the highest mark in a report card grading the climate strategies of the 11 largest public pension investment organizations in Canada. The Caisse’s strategy, which received a B+ from Shift Action for Pension Wealth and Planet Health, was praised for including provisions to divest its portfolio […]