Vestcor Inc. is the target of a class action lawsuit alleging a specific transaction ended up costing a group of Canadian investors significant financial losses. “Our legal team is currently evaluating the merits of the lawsuit; the claims have not been tested in court,” the investment organization said in a statement. “We have confidence in […]
After a year of steady performance, fixed income markets could kick off 2026 with concerns from a macroeconomic standpoint, says Steve Locke, chief investment officer of fixed income and multi-asset strategies at Mackenzie Investments. “We’re seeing some fiscal and GDP tailwinds that are going to start to form fairly early in the new year. In […]
The University Pension Plan is managing material climate risks by considering prospective investments through a climate-related impact lens, according to a new report by the investment organization. In its latest climate action plan, the UPP reemphasized its commitment to net-zero portfolio emissions by 2040 and to allocate at least $1.2 billion to climate solution investments […]
The Canadian Securities Administrators admitted its decision to pause the development of a climate-related disclosure mandate for public issuers is intended to be temporary and wants to bring it back, said Grant Vingoe, chief executive officer at the Ontario Securities Commission. Last week, regulatory leaders across Canada met to find common ground against the current […]
Canadian institutional investors are standing by environmental, social and governance integration despite pushback from other countries, according to a new report by the Responsible Investment Association. Indeed, almost all (96 per cent) respondents said they use ESG integration in a way that covers 87 per cent of their entire assets under management. About seven in […]
A joint venture co-owned by the Canada Pension Plan Investment Board and IndoSpace is acquiring six industrial and logistics parks in India for roughly $471 million. The investment organization is providing $217 million to fund the transaction by IndoSpace Core, which the CPPIB owns a 93 per cent stake in. Structural growth, driven by urbanization […]
An article on the legal considerations for employers requiring cross-border travel was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. What are the legal considerations for Canadian employers requiring cross-border travel in the Trump era? 2. Financial Literacy […]
Alberta is moving to insulate its Crown investment corporation from potential legal liabilities and protect companies in the province from lawsuits accusing them of greenwashing. The wide-ranging legislation proposed Tuesday by Premier Danielle Smith’s government aims to protect the Alberta Investment Management Corp. — which manages public sector pensions — after it recorded about $2 […]
Evan Siddall, the former chief executive officer of the Alberta Investment Management Corp., has been appointed vice-chair capital markets division at the Bank of Montreal, according to a report by the Financial Post. It noted Siddall will guide the bank’s industry coverage teams across geographies in an advisory capacity. Read: Leadership changes at the AIMCo […]
About eight in 10 (79 per cent) U.S.-based institutional investors expect to see a market correction in 2026, according to a new survey by Natixis Investment Managers. These investors gave a 49 per cent probability of taking in a market correction valued between 10 per cent and 20 per cent, with a 20 per cent […]