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The Ontario Teachers’ Pension Plan’s late-stage venture and growth investment arm is investing $80 million in India-based financial software company Perfios. The company serves the banking, financial service and insurance industries across 18 countries and will use the investment to expand its international footprint. As part of the transaction, Darius Vakil, a director at Teachers’ Venture […]

  • March 15, 2024 March 14, 2024
  • 15:00

The British Columbia Investment Management Corp. is appointing Chris Weitzel as senior managing director of its fixed income and foreign exchange team, effective March 11, 2024. Weitzel first joined the BCI in 2018 as part of the team that developed and launched the investment organization’s funding program. He succeeds Chris Beauchemin, who’s retiring after 35 […]

  • March 15, 2024 March 15, 2024
  • 15:00

Canadian employees who rent or who have mortgage payments are managing economic pressures — like high interest rates and the rising cost of living — by putting off saving for retirement, according to a new survey by Co‑operators Financial Services Ltd. The survey, which polled 1,500 Canadian employees, found 77 per cent of renters said they […]

  • March 15, 2024 March 14, 2024
  • 09:00

The OPSEU Pension Trust returned 5.3 per cent for 2023, according to its latest year-end report. It found, as of Dec. 31, 2023, the plan’s net assets stood at $25 billion, up from $24.64 billion in 2022. It also reported a funded status of 100 per cent, marking 15 consecutive years at a fully funded […]

  • March 13, 2024 March 13, 2024
  • 09:00

More than half (58 per cent) of Canadian employees say they prefer to work in a hybrid arrangement (33 per cent) or fully remotely (25 per cent), according to a new survey by LinkedIn Corp. The survey, which polled more than 2,600 employees, found 39 per cent said they prefer to work mostly onsite, either […]

  • March 13, 2024 March 12, 2024
  • 09:00

The Ontario Pension Board is working closely with employers to receive updated salary information from public sector workers that may have been impacted by the decision of Ontario’s government to repeal Bill 124. In a communication to members, the investment organization said the changes could include “additional pension contributions for any retroactive wage adjustments.” Read: Ontario […]

  • March 12, 2024 March 13, 2024
  • 15:00

The British Columbia Investment Management Corp. is making several appointments on its executive and private equity investment teams. The investment organization is appointing Rechelle Effendy as acting senior vice-president, finance and chief financial officer, effective immediately. On its private equity team, the BCI is appointing Blake Fizzard as senior managing director of global operations, Julian […]

  • March 12, 2024 March 11, 2024
  • 09:00

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 […]

  • March 8, 2024 March 8, 2024
  • 15:00

In 2023, women took 69 per cent of all leaves of absence related to mental health in North America, according to a new report by ComPsych Corp. The report, which analyzed data from more than 5,700 employers in Canada and the U.S., found 33 per cent of mental-health leaves were taken by millennial women, followed by […]

  • March 8, 2024 March 8, 2024
  • 09:00

Work-life balance continues to be the No. 1 factor driving Canadians’ workplace happiness, according to a new survey by ADP Canada Co. The survey, which polled more than 1,200 employees, found employees gave work-life balance and support the highest work happiness scores, ranking it 6.9 points on a scale of one to 10, followed by […]

  • March 7, 2024 March 7, 2024
  • 15:00