A decision by the Canadian Securities Administrators to step back from the development of a mandatory climate-related disclosure mandate could impact decision-making at one of the largest pension funds in Canada. Jennifer Coulson, senior managing director and global head of environmental, social and governance at the British Columbia Investment Management Corp., says the regulator’s decision […]
Under unprecedented economic volatility, institutional investors are leaning on diversified asset mixes that are less reliant on public markets, says Claude St-Laurent, principal of pension and savings at Normandin Beaudry. He notes institutional investors are more frequently pushing beyond traditional equities and bonds to incorporate real estate, infrastructure and other alternative assets. Indeed, in the […]
In an increasingly uncertain investment landscape, the Nova Scotia Pension Services Corp. is aiming to become more hands-on with its investment implementation. “Each asset class is at a different phase of that structure,” says Steve Mahoney, the NSPSC’s chief investment officer. “We’re looking at each one asking, ‘What’s the next step for us to be […]
Doubts about the demand for electric vehicles in the U.S. is creating new questions around the development of the Canadian lithium-ion battery industry, says Jon Wojnicki, a partner at EY Canada. “The Canadian battery landscape has sort of gone soft. People have made the announcements, they say they’re moving forward, but I’ve got to believe […]
A global shutdown caused by the coronavirus pandemic gave Canadians an increase of unanticipated savings that led to a short period of stronger retirement savings contributions, says Amin Mawani, director of the Master of Health Industry Administration and professor of taxation at the Schulich School of Business at York University. It has been five years […]
Institutional investors are facing tough choices about their allocation choice amid a trade war launched by U.S. President Donald Trump, says Dustin Reid, vice-president and chief strategist of fixed income at Mackenzie Investments. “I think there’s a broad theme in the market, . . . that some of the things that have happened tariff-wise or […]
A federal public sector union representing more than 27,000 members is asking the Public Sector Pension Investment Board to divest any holdings in Tesla Inc. from its $264.9 billion portfolio. In a public statement, the Canadian Association of Professional Employees is calling on PSP Investments and “all pension funds in Canada” to ditch the electric […]
The office of the New York City comptroller, which oversees five public pension systems, is recommending the New York City Law Department seeks securities litigation against electric car maker Tesla Inc. over “enormous losses” to shareholders. In a statement on the office’s website, Brad Lander, the New York City comptroller, said Tesla made material misstatements […]
Donald Trump is poised to be the “most transformational” U.S. president due to his corporate tax rate approach and a unique deregulation plan across financial and energy sectors, according to Charles Myers, chairman at Signum Global Advisors, speaking during the keynote session at Benefits Canada’s 2025 Defined Contribution Plan Summit on Feb. 27. In addition […]
While good governance practices must be at the core of any pension plan, intricate frameworks are designed to be proportional to the size of the sponsoring organization, according to Leah Fichter, vice-chair at the Canadian Association of Pension Supervisory Authorities and deputy superintendent of pensions and executive director of the pensions division at the Financial […]