The federal government’s latest budget brought along several announcements relevant to the institutional investor community of Canada — including a fund-of-funds initiative, clean electricity tax credits, funding options for airport assets — but an update on the real return bond program was nowhere to be found. “I read the debt management report and definitely noticed […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are supporting an investment deal in which alternative asset manager Apollo will invest $6.5 billion for a 50 per cent stake in an offshore wind project. The transaction for Ørsted’s Hornsea 3 — a U.K.-based ongoing clean energy project — […]
In its fall economic statement, the Ontario government said it’s introducing legislation that would amend the Ontario Municipal Employees Retirement System Act, enabling provisions intended to enhance the OMERS’ governance, strengthen transparency and accountability. The introduction of legislation takes place following a 2024 governance review that was completed earlier this fall. In his report, special advisor […]
An article on one of Pratt & Whitney Canada’s wins in Benefits Canada’s 2025 Workplace Benefits Awards 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. Pratt & Whitney Canada’s winning well-being program centres around four pillars of […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026-27, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
Hudson’s Bay Co. is returning its former stores to landlords, effectively ending a British Columbia billionaire’s fight to take over the collapsed retailer’s leases. Franco Perugini, HBC’s senior vice-president of real estate and legal, said in an email to the Canadian Press that the company is disclaiming the leases it had for 25 properties that […]
A sustainability investments classification platform co-founded by the British Columbia Investment Management Corp. is being acquired by Net Purpose. The financial details of the transaction weren’t disclosed. Through this deal, Net Purpose will bring SDI AOP methodology, data processing and customer functions in house. It will also launch enhanced sustainable development goal classifications. “As a […]
While the total number of pension plans in B.C. declined to 610 in 2024, overall membership increased by four per cent to 1.34 million members, according to a new report from the BC Financial Services Authority. The decline in the number of plans, from 613 in 2023, was attributed to plan mergers and windups. The […]
The chair of the Canadian Sustainability Standards Board wants to ensure institutional investors are well represented at the discussion table when shaping voluntary climate disclosure metrics for Canadian businesses. “Since I joined — before we even started an outreach strategy — many institutional investors reached out and wanted to meet with me and understand what […]