Citing the “complicated” nature of pensions and need for all provinces and territories to weigh in, Finance Minister Chrystia Freeland wouldn’t provide a specific timeline for determining how much Alberta would be entitled to if it leaves the Canada Pension Plan. Speaking after a meeting with her provincial and territorial counterparts, Freeland said officials reported back to […]
The Canada Pension Plan Investment Board says it will meet its goal of holding $130 billion in green and transition assets by 2030, according to a new report by the investment organization. The CPPIB’s current green asset mix was $79 billion as at March 31, 2023, up 17.9 per cent year-over-year from $66 million. “We […]
The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces. The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to […]
The Canada Pension Plan Investment Board is entering a joint venture focused on providing services to support Brazil’s transition away from fossil fuel reliance. Alongside Votorantim Group, the CPPIB is launching Floen, which will support the scaling of innovative technologies and business models with the potential to accelerate the energy transition, according to a press […]
The Ontario Teacher’s Pension Plan is financing a European online brokerage platform. The pension fund was the lead in a financing round for Trade Republic Bank, a technology company operating a digital investment marketplace. According to Trade Republic, the €250 million raised during the round will be used to develop the platform’s product offerings designed […]
The Canada Pension Plan Investment Board is launching a growth equity team. The team, which will be led by Leon Pedersen as managing director and head of growth equity, will rely on some elements of the CPPIB’s traditional approach to private equity investing. This includes its focus on building direct relationships with promising companies before […]
The Canada Pension Plan Investment Board is expanding the number of countries in which it will apply its most stringent board gender diversity proxy voting rules. “We have enhanced our gender diversity voting practice by expanding the countries where our 30 per threshold for female representation applies to include South Africa and New Zealand,” said […]
The Caisse de dépôt et placement du Québec is investing $100 million in a subscription commerce platform company. The investment in AppDirect Capital will be used to accelerate the growth of the AppSmart Invest program, a recently launched business-facing online technology marketplace that connects buyers with expert advisors. The marketplace is designed to help subscribing […]
The Canadian Investment Review is pleased to announce the finalists for the second annual Pension Leadership Awards. This year, the awards welcomed more than 20 applications highlighting the actions of leading figures and organizations within the pension sector. In the preliminary judging phase, three finalists were chosen for each award category. Read: Announcing the winners of […]
THE CANADIAN PRESS Sustainable investing experts say TC Energy Corp.’s plan to decarbonize the Keystone XL pipeline is unlikely to save its fortunes, as a growing movement to divest from fossil fuels gains political clout. U.S. President-elect Joe Biden intends to sign an executive order on inauguration day to rescind the presidential permit for the […]