Abrupt changes in climate policies from governments around the world could lead to fire sales of climate sensitive assets held by institutional investors, according to a the results of a pilot scenario analysis project from the Bank of Canada and the Office of the Superintendent of Financial Institutions. “Climate transition risks are challenging to assess […]
The Caisse de dépôt et placement du Québec is increasing its stake in an energy company by 16.5 per cent. Following the transaction, the investment manager will control 80.9 per cent of Trencap, a limited partnership that controls Noverco Inc. The remaining shares in Trencap are held by the Fonds de solidarité FTQ, a Quebec-based […]
Toronto-based virtual-care platform Maple Corp. is acquiring Wello, a Calgary-based virtual health-care brand. Wello, which was founded in 2017, is a wholly-owned subsidiary of Coril Holdings Ltd. and provides access to virtual primary medical care to employees of more than 350 companies across Canada. Maple was founded in 2015 and is billed as “Canada’s largest […]
Almost two years into the global coronavirus pandemic, more than a third (35 per cent) of working Canadians are feeling burned out, according to a new survey commissioned by Canada Life’s Workplace Strategies for Mental Health and conducted by Mental Health Research Canada. The study measured a range of factors related to how employees are […]
Women in the U.S. with newly-minted bachelor’s degrees earn an average of US$52,266, compared to $64,022 earned by their male peers, according to a new study by the National Association of Colleges and Employers. The gender pay gap at the beginning of women’s careers mirrors the overall pay gap nationally, with the U.S. Bureau of Labor […]
As right-to-disconnect legislation gains steam across Canada and around the world, a story on how employers are dealing with this movement in 2022 took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. How employers are focusing on right-to-disconnect movement in 2022 2. DB pensions offer significant […]
A majority (82 per cent) of working Canadians believe employers should provide virtual care services for their employees, according to a survey conducted by Environics Research and sponsored by Dialogue Health Technologies Inc. The survey, which polled more than 1,700 Canadians, found six in 10 said they’d likely use virtual care if it was available […]
The Pension Investment Association is appointing a new chair, vice-chair and secretary-treasurer for 2022. Sean Hewitt, chief executive officer of the Toronto Transit Commission Pension Fund Society, is the organization’s new chair. His previous roles include director of pension assets at the Canadian Pacific Railway Co. and senior analyst of investments at Mercer Canada. Read: How […]
Just over half (51 per cent) of U.S. employees — including 65 per cent of generation Z respondents — agreed employers have a responsibility to help workers improve and maintain financial wellness, according to a new survey by the Teachers Insurance and Annuity Association of America-College Retirement Equities Fund. The survey, which polled more than […]
The Caisse de dépôt et placement du Québec is recapitalizing a U.S.-based medical services provider offering substance use disorders and mental-health treatments. The deal, between the Caisse and Crossroads Treatment Centers, is expected to accelerate the latter’s expansion into new U.S. markets, according to a press release. Private equity firm Revelstoke Capital Partners, another long-term […]