Canadian employees’ average level of workplace happiness reached 6.9 points out of 10 in October, up 0.3 points from the same month last year, according to a new survey by ADP Canada. It found 70 per cent of workers said fun and social moments at work play a meaningful role in their overall happiness. Nearly […]
The federal government’s latest budget brought along several announcements relevant to the institutional investor community of Canada — including a fund-of-funds initiative, clean electricity tax credits, funding options for airport assets — but an update on the real return bond program was nowhere to be found. “I read the debt management report and definitely noticed […]
The Caisse de dépôt et placement du Québec and the Public Sector Pension Investment Board are supporting an investment deal in which alternative asset manager Apollo will invest $6.5 billion for a 50 per cent stake in an offshore wind project. The transaction for Ørsted’s Hornsea 3 — a U.K.-based ongoing clean energy project — […]
In its fall economic statement, the Ontario government said it’s introducing legislation that would amend the Ontario Municipal Employees Retirement System Act, enabling provisions intended to enhance the OMERS’ governance, strengthen transparency and accountability. The introduction of legislation takes place following a 2024 governance review that was completed earlier this fall. In his report, special advisor […]
In its fall economic statement, the Ontario government said it plans to introduce legislation that would effectively end preferred pharmacy networks in the province. The legislation, based on the province’s findings from two consultations, would enable an ‘any willing provider’ framework — in which any pharmacy willing to match a PPN’s financial terms could join […]
A continued rally in equity markets in the third quarter of 2025 strengthened retirement income outcomes for capital accumulation plan members, according to a new report by Eckler Ltd. Optimism around trade negotiations, a U.S. Federal Reserve rate cut and steady enthusiasm for artificial intelligence supported markets through the period. As a result, the consultancy’s […]
The Ontario Pension Board is appointing Joanna Carson as chief financial officer, effective Nov. 10. In the role, she’ll oversee the OPB’s corporate finance, procurement, enterprise risk management and pension payroll functions. Carson will take over the role from Armand de Kemp, who’s retiring this year. Read: OPB appointing Andrew Tambone as CIO She previously […]
In its 2025 budget, the federal government announced several initiatives to incentivize institutional investors to back domestic infrastructure and business ventures. The budget proposed $1 billion on a cash basis over three years, starting in 2026-27, for the Business Development Bank of Canada to launch a venture and growth capital catalyst initiative, a fund-of-funds that […]
Mercer is acquiring Montreal-based human resources consulting firm Hexarem. Founded in 2013, Hexarem serves a diverse range of public and private sector clients across Canada, providing comprehensive, analysis-intensive compensation advice, including total compensation benchmarking and pay programs, according to a press release. Read: Employment Hero acquiring Humi Through the acquisition, Hexarem’s clients will gain access […]
Five of Canada’s largest pension funds earned high marks for their public reporting efforts, according to a new report from Top1000funds.com and CEM Benchmarking Inc. It ranked pension funds on their costs, governance, performance and responsible investment efforts. Canada’s pension system received an average overall score of 92 out of 100, a one-point increase from […]