The Caisse de dépôt et placement du Québec is entering exclusive negotiations to acquire France-based Akiem, a provider of freight locomotive leasing services in Europe. The offer is subject to customary consultation with employee representative bodies within Akiem and its current owner, the SNCF Group, according to a press release, which noted the transaction is subject […]
More than eight in 10 (82 per cent) senior leaders say they’ve experienced exhaustion indicative of burnout, according to a survey by Deloitte Canada and LifeWorks Inc. The survey, which polled more than 1,100 senior leaders from 11 companies in global markets including Canada, Europe and the U.S., found nearly all (96 per cent) of those […]
The Pension Investment Association of Canada is providing feedback on the International Sustainability Standard Board’s exposure drafts on disclosure of financial information pertaining to sustainability and climate change. In an open letter responding to a consultation by the ISSB, the PIAC said while it supports the ISSB’s decision to build upon existing reporting frameworks — […]
Banks must provide institutional investors with more information on climate strategies, according to the head of an organization of European pension funds and asset managers seeking to curb carbon emissions. “For investors considering their own net-zero alignment and stewardship of portfolio companies, it is critical that they have sufficient information on companies’ transition planning, including […]
The Alberta Investment Management Corp. and the Canada Pension Plan Investment Board are reinvesting in a telecommunications infrastructure provider to support its acquisition of a U.S. digital network provider. BAI Communications Inc., a Toronto-based internet and telephone network service provider, is acquiring ZenFi Networks Inc, a New York-based digital infrastructure provider specializing in roaming services […]
Canadian defined benefit pension plans’ assets experienced losses of 8.6 per cent in the second quarter of 2022, bringing year-to-date total returns to negative 14.7 per cent, according to a new report by RBC Investor and Treasury Services. It was the most significant decline since the third quarter of 2008, when assets also fell by 8.6 […]
An article on Public Health Sudbury’s violation of the Ontario Human Rights Code following an employee’s termination over a vaccine refusal was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Arbitrator finds employer violated Ontario Human Rights Code for termination over vaccine refusal 2. More […]
The California Public Employees’ Retirement System is reporting a net loss of 6.1 per cent for its last fiscal year, according to its preliminary annual results. During the year ending June 30, 2022, the public sector defined benefit pension plan’s value decreased from $466.84 billion to $440 billion. According to a press release, the losses […]
A majority (88 per cent) of Canadian employees who are considering changing jobs in the next six months say compensation is the most important reason for the switch, according to a survey by ADP Canada. The survey, which polled more than 1,500 employees, found some employers have already adjusted their compensation structure to better help […]
Investors in a defunct Toronto asset management firm, the subject of an on-going court battle, have until late September to file compensation claims. In a decision from the Ontario Superior Court of Justice, investors in Bridging Finance Inc. must submit claims before Sept. 19, 2022. The judgement also directs the asset’s custodian, PricewaterhouseCoopers, to distribute […]