The Colleges of Applied Arts and Technology pension plan is reporting a return of 8.4 per cent in 2025. The investment organization’s net assets under management grew to $25.4 billion with a funding reserve of $6.7 billion, up from $23.3 billion and $6.1 billion, respectively, in 2024. During a 10-year period, the plan achieved an […]
Canada is launching a sovereign wealth fund designed to help finance significant infrastructure projects. On Monday, Prime Minister Mark Carney confirmed the Canada Strong Fund will invest in strategic Canadian projects and companies alongside other investors including individual Canadians. Read: More alignment needed between governments, institutional investors to fund coveted infrastructure projects: expert While the […]
Canada and China are on a pragmatic path to establish an updated working relationship that could include private capital investments, says Jia Wang, senior fellow at the University of Alberta’s China Institute and a senior fellow at the Asia Pacific Foundation. Last week, Canadian Finance Minister François-Philippe Champagne held several meetings with Chinese officials in […]
Weight management drugs and high-cost specialty treatments are expected to have the biggest impact on private drug plans this year, according to Telus Health’s annual drug pipeline report. It found spending on weight management drugs has more than quadrupled since 2021. In 2024, the category doubled in size following the launch of Wegovy (semaglutide) in […]
Blue Cross Life Insurance Co. of Canada is acquiring StanCorp Financial Group Inc.’s Canadian voluntary benefits business. Read: U.S. employers offering new, additional voluntary benefits to retain, attract talent: survey The business provides critical illness insurance and accident insurance products in Canada and covers roughly 170,000 employees. The deal is expected to close this year […]
At Canada Pension Plan Investments, the willingness to change your mind after meaningful world changes is just as important as the conviction of the rigorous investment process, says Heather Tobin, the organization’s senior managing director and global head of capital markets and factor investing. The pursuit of a highly diversified global portfolio requires multiple alpha […]
Canada’s largest pension funds are joining an initiative that aims to boost pension investments between Canada and Australia. The Canadian-Australian Pension Funds Investment Initiative, announced Wednesday during Prime Minister Mark Carney’s visit to Australia, will create a framework for pension funds in the two countries to discuss policy barriers and associated solutions to improve the […]
Adult literacy remains one of the most overlooked drivers of career advancement, says Melanie Valcin, president and chief executive officer of United for Literacy. “When we talk about literacy, we’re not just talking about basic reading and writing. Foundational skills also include interpreting information, communicating clearly, solving problems, navigating digital platforms and applying knowledge in […]
It took Peter Deitz eight years to figure out the best way to sell his business. But it wasn’t until the federal government opened up a new option for succession planning that he found the right buyer: his own employees. Deitz — co-founder of Grantbook, a Toronto-based firm that supports organizations doling out grants to […]
The federal government is expanding its return-to-office mandate for public employees. As of May 4, executives in the federal public service will be required to work onsite five days per week, while all workers will return four days per week as of July 6. The mandate applies to workers in the core public administration, including […]