Quebec – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 03 May 2024 21:03:19 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Hydro-Quebec’s $185 billion expansion plan getting institutional investor attention: report https://www.benefitscanada.com/news/cir-news-news/hydro-quebecs-185-billion-expansion-plan-getting-institutional-investor-attention-report/ Wed, 27 Mar 2024 19:00:12 +0000 https://www.benefitscanada.com/?p=153537 A new $185 billion plan by Hydro-Quebec to build out increased power capacity is gaining attention from institutional investors, according to a report by Bloomberg. Michael Sabia, chief executive officer at Hydro-Quebec, said he’s confident in finding the right partners to help tackle the new project, which was announced last November and is designed to […]

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]]> CPPIB investing in U.S., Italian telecommunications operators https://www.benefitscanada.com/canadian-investment-review/alts/cppib-aimco-reinvesting-in-telecommunications-provider-caisse-adds-investing-partner-in-ancillary-travel-operator/ Fri, 08 Mar 2024 20:00:30 +0000 https://www.benefitscanada.com/?p=152910 The Canada Pension Plan Investment Board is joining an investment group acquiring Italian telecommunications provider NetCo. The investment organization will acquire a 17.5 per cent stake of the company for up to $2.9 billion. The deal, which also includes Kohlberg Kravis Roberts and Co. (a subsidiary of the Abu Dhabi Investment Authority), Italian infrastructure fund F2i […]

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]]> Caisse sells 1.3% of shares in insurance firm, BCI buys ownership stake in Australian agriculture operator https://www.benefitscanada.com/canadian-investment-review/alts/caisse-sells-1-3-of-shares-in-insurance-firm-bci-buys-ownership-stake-in-australian-agriculture-operator/ Thu, 29 Feb 2024 20:00:55 +0000 https://www.benefitscanada.com/?p=152500 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 […]

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]]> Caisse buys stake in Quebec-based logistics operator, CPPIB sells stake in South Korean logistics joint venture https://www.benefitscanada.com/canadian-investment-review/alts/cppib-sells-stake-in-south-korean-logistics-joint-venture-psp-investments-adds-real-estate-partner-to-toronto-redevelopment-project/ Fri, 23 Feb 2024 20:00:45 +0000 https://www.benefitscanada.com/?p=152262 The Caisse de dépôt et placement du Québec is acquiring an equity stake in North American port terminal and logistics operator QSL International Ltd. The investment organization first invested in QSL in 2021 through loan deals. The deal is expected to close in mid-2024 and details of the transaction weren’t disclosed. “We are proud to take […]

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]]> Quebec’s amendment to unlocking rule for VBAs, LIFs providing retirees 55+ with financial flexibility: expert https://www.benefitscanada.com/pensions/retirement/quebecs-amendment-to-unlocking-rule-for-vbas-lifs-providing-retirees-55-with-financial-flexibility-expert/ Fri, 09 Feb 2024 14:00:14 +0000 https://www.benefitscanada.com/?p=151714 The Quebec government’s removal of the maximum annual amount that can be paid to people aged 55 and older with a variable benefit account tied to a defined contribution pension plan or with a life income fund is part of a broader push to provide retirees with more flexibility to draw on their locked-in retirement savings […]

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]]> AIMCo considers buying Trans Mountain pipeline stake, Caisse integrates real estate subsidiaries https://www.benefitscanada.com/news/cir-news-news/caisse-integrates-real-estate-subsidiaries-backs-acquisition-of-quebec-energy-company/ Fri, 26 Jan 2024 20:00:09 +0000 https://www.benefitscanada.com/?p=151146 The Alberta Investment Management Corp. is considering purchasing a stake in the Trans Mountain pipeline, according to a report by BNN Bloomberg. “We have an active file on Trans Mountain,” said Evan Siddall, chief executive officer at the AIMCo, in the report. “We would look at it. The government knows that and we’re keeping track of the situation.” […]

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]]> Caisse invests US$100M in U.S. subscription commerce platform, backs supply chain solutions acquisition https://www.benefitscanada.com/canadian-investment-review/alts/caisse-invests-us100m-in-u-s-subscription-commerce-platform-backs-supply-chain-solutions-acquisition/ Thu, 11 Jan 2024 16:00:28 +0000 https://www.benefitscanada.com/?p=150104 The Caisse de dépôt et placement du Québec is investing US$100 million in subscription commerce platform company AppDirect. This marks the second investment from the Caisse resulting in a total US$180 million invested so far in the San Francisco-based company, according to a press release, which noted AppDirect has grown between 22 per cent and […]

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]]> Caisse pledging to allocate up to $8BN to Quebec managers by 2028 https://www.benefitscanada.com/news/cir-news-news/caisse-pledging-to-allocate-up-to-8bn-to-quebec-managers-by-2028/ Thu, 26 Oct 2023 15:00:38 +0000 https://www.benefitscanada.com/?p=145906 The Caisse de dépôt et placement du Québec is aiming to more than double the size of the assets it entrusts to Quebec external managers to as much as $8 billion by 2028. The decision is part of an overall goal of reaching $100 billion in Quebec-based investments by 2026, according to a press release. The Caisse renewed […]

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]]> Quebec court rules municipal sector pension law unconstitutional for retirees, justified for active members https://www.benefitscanada.com/pensions/governance-law/quebec-court-rules-municipal-sector-pension-law-unconstitutional-for-retirees-justified-for-active-members/ Thu, 29 Jun 2023 13:00:45 +0000 https://www.benefitscanada.com/?p=140505 The Quebec Court of Appeal has ruled the province’s Bill 15, which substantially modified municipal sector pension plans, is unconstitutional with respect to retirees but justified for active plan members. The legislation, which was passed in 2014, adopted a cost-sharing formula for plans and plan deficits, established a shared-cost stabilization fund and put an end […]

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]]> Caisse backing Quebec software developer, CPPIB investing in Spanish waste management business https://www.benefitscanada.com/canadian-investment-review/alts/caisse-backing-quebec-software-developer-cppib-investing-in-spanish-waste-management-business/ Thu, 08 Jun 2023 16:30:25 +0000 https://www.benefitscanada.com/?p=139559 The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces. The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to […]

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