The Canada Pension Plan Investment Board is financing US$350 million of debt for a global education technology provider. Valued at US$3.2 million, Mumbai-based Emeritus offers individuals, companies and governments access to remote learning classes. It has earmarked the funds for use by its mergers and acquisitions team, according to a press release. This isn’t the first […]
In response to the ongoing war in Ukraine, more Canadian public sector institutional investors are announcing plans to exclude Russian assets from their portfolios. The Investment Management Corp. of Ontario and the Ontario Pension Board will divest their portfolios of existing Russian assets as soon as possible. Efforts to immediately divest are currently impossible as […]
An article on British Columbia’s paramedics and their need for enhanced mental-health benefits was the most read story over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. B.C. paramedics seeking enhanced mental-health benefits 2. Canadian pension plans overcoming legislation, governance challenges: webinar 3. Ontario’s DB pension plans should take steps […]
With Ontario’s defined benefit pension plans in their best financial shape since 2009, the Financial Services Regulatory Authority of Ontario is advising plan sponsors and administrators to better prepare for the future. “They need a good sense of investment policies as well as how the plan itself may be affected [by different scenarios],” says Lester […]
In response to the ongoing conflict between Russia and Ukraine, the Alberta Investment Management Corp. and the British Columbia Investment Management Corp. are divesting from Russian assets. “As Alberta’s investment manager, this decision is both values- and value-driven,” said a press release. “It reflects a change in the price of geopolitical risk and sustained impairment […]
The Nova Scotia Pension Services Corp. is acquiring an industrial property for a Quebec electric vehicle design company. The 8.42 hectare facility, located in Chicago, will be redesigned in order to serve as a new production facility for Lion Electric Co. The Montreal-based electric vehicle designer and manufacturer, which produces electric vehicles for mass transit systems, is […]
A pair of stories on employee burnout and the ‘Great Resignation’ took the top spots over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Expert panel: How employers can help employees struggling with burnout 2. How can employers turn the ‘Great Resignation’ tide? 3. Employers expanding equity compensation programs to […]
North American stock markets plunged after opening to news that Russian forces have launched a new military offensive in Ukraine. In New York, the Dow Jones industrial average was down 624.50 points at 32,507.26. The S&P 500 index was down 49.24 points at 4,176.26 and the Nasdaq composite index was down 70.20 points at 12,967.28. […]
The Canada Pension Plan Investment Board is entering a joint venture to develop multifamily residential communities in high-growth metropolitan areas of the U.S. The institutional investor has allocated US$979 million for a 96 per cent share in the venture. Its partner, LMC, a real estate management business and wholly owned subsidiary of Lennar Corp., will be […]
A Danish defined benefit pension fund is ceasing its investments in Russian assets following recent developments in the ongoing crisis between the world’s largest nation and Ukraine. On Monday, Russian President Vladimir Putin announced his government would recognize the independence of two territories in eastern Ukraine: Donetsk and Luhansk. In response, the AkademikerPension, a US$23 […]