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The Caisse de dépôt et placement du Québec and Gildan Activewear Inc. have reached an agreement that will see the Montreal-based apparel manufacturer issue $200 million in senior unsecured notes on a private placement basis to the investment organization. Gildan will issue notes with an annual interest rate of six per cent and will mature […]

  • By: Staff
  • May 9, 2024 May 9, 2024
  • 15:00
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The New York City Employees’ Retirement System, Teachers’ Retirement System and Board of Education Retirement System signed an agreement with the Royal Bank of Canada to publicly disclose its financing ratio of low-carbon energy to fossil fuels. The investment organizations are mandating RBC, as well as Citigroup Inc. and JPMorgan Chase & Co., to adhere […]

  • By: Staff
  • April 10, 2024 April 10, 2024
  • 15:00
Caisse, CPPIB, Ontario Teachers’ invest in insurance company

The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]

  • By: Staff
  • February 29, 2024 February 29, 2024
  • 15:00
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Two New York City pension funds are pushing the Royal Bank of Canada to disclose more details on its clean energy funding. The shareholder resolution filed by the New York City Employees’ Retirement System and Teachers’ Retirement System of the City of New York asks that the bank fully report a ratio of how its clean […]

The Investment Management Corp. of Ontario believes an increasingly icy dynamic between the U.S. and China could lead to heightened volatility for institutional investors this year, says Nick Chamie, the IMCO’s chief strategist and senior managing director of total portfolio and capital markets. “If we’re no longer zeroing in on maximizing economic efficiency, we’re no longer […]

Caisse investing in wind and solar projects, AIMCo in German real estate

A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]

  • By: Staff
  • April 13, 2023 April 13, 2023
  • 12:30

A watchdog organization is criticizing a government fund dedicated to attracting investments in green technologies. “The government seems to be saying this is concessional finance,” says Adam Scott, executive director of Shift Action for Pension Wealth and Planet Health. “The goal [of the Canada Growth Fund] is to put the first money into higher risk investments […]

  • By: Staff
  • April 4, 2023 April 4, 2023
  • 12:30
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The Investment Management Corp. of Ontario is revealing interim carbon reduction targets for 2030. The investment organization is planning to halve its $79 billion portfolio’s scope 1 and scope 2 emissions from 2019 levels by 2030. It’s also aiming for investments in climate solutions to account for 20 per cent of its assets by the […]

  • By: Staff
  • November 24, 2022 November 22, 2022
  • 09:00

The overwhelming majority (92 per cent) of British institutional investors and wealth managers are planning to increase their allocations to renewable energy in order to diversify their portfolios, according to a survey by London-based asset manager Downing LLP. The survey, which polled 100 professional investors including pension plan sponsors, institutional investors and asset managers, found […]

  • By: Staff
  • April 26, 2022 April 20, 2022
  • 09:00
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The Canada Pension Plan Investment Board is acquiring North America’s largest marine terminal operator. A minority investor in the Ports America Group since 2014, the CPPIB has reached a deal to secure all outstanding interest in the company from Oaktree Capital Management. While the exact details of the transaction aren’t known, the management structure is […]

  • By: Staff
  • September 30, 2021 September 29, 2021
  • 10:00