The average Canadian defined benefit pension plan returned 4.4 per cent in the third quarter of 2025, up from 1.6 per cent in the second quarter, according to a new report by the Royal Bank of Canada Investor Services. This growth was driven by a broad-based mix of equity and fixed income contributions, the report […]
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 plans to introduce legislation that would effectively end preferred pharmacy networks in the province. The legislation, based on the province’s findings from two consultations, would enable an ‘any willing provider’ framework — in which any pharmacy willing to match a PPN’s financial terms could join […]
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 […]
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 […]
The Caisse de dépôt et placement du Québec is granting operational management of its office buildings in Quebec to real estate services firm Canderel. This partnership is designed preserve the style and character of Quebec buildings that belong to the investment organization. The move will allow the Caisse to focus entirely on its investment operations, […]
An article on recent private equity investments by the Canada Pension Plan Investment Board 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. CPPIB increases stake in environmental services firm, receives approval for energy provider takeover 2. Solvency […]
The Canada Pension Plan Investment Board is acquiring an additional 25 per cent stake in the environmental services division of FCC Servicios Medio Ambiente Holding S.A.U. The deal will see the CPPIB pay $1.6 billion for the increased interest, which will see it increase its stake to 49.99 per cent. “Increasing our stake in FCC […]