More than half (59 per cent) of generation Z workers and a third (31 per cent) of millennials say they have yet to start saving for retirement, according to a new survey by IG Wealth Management. The survey, which polled more than 1,500 Canadian workers, found 63 per cent of respondents believe $1 million in […]
The Caisse de dépôt et placement du Québec is appointing Maxime Aucoin as executive vice-president of depositors and total portfolio. In the new role, Aucoin, who’s currently responsible for portfolio construction, asset allocation and currency management, will also be responsible for economic and financial analysis, global strategy and depositor advisory services. With 10 years of […]
The Canada Pension Plan Investment Board is investing US$205 million as an anchor investor in IndoSpace’s new real estate fund in India. The investment marks the first close for IndoSpace Logistics Parks IV, the real estate company’s fourth development vehicle, which is targeting US$600 million of total equity commitments. In 2017, the CPPIB and Indospace […]
Remote working is saving employees an average of 72 minutes in commuting time per day, most of which they’re turning around and spending on work-related duties, according to a study by the U.S. National Bureau of Economic Research. The study, which examined the commuting habits of full-time working adults in 27 countries, found Canadian employees […]
More than a quarter (26 per cent) of institutional asset owners expect to use an outsourced chief investment officer in an increased capacity during the next two years, according to a new survey by Cerulli Associates. The survey found 14 per cent of respondents said they’re seeking to establish an OCIO relationship over the next two […]
The Ontario Municipal Employees’ Retirement System is appointing Ralph Berg as its chief investment officer, effective April 1, 2023. “[Berg] is a proven investor and a seasoned executive,” said Blake Hutcheson, the pension fund’s president and chief executive officer, in a press release. “The board and I have the deepest confidence that he will continue […]
Half (48 per cent) of Canadian employers say they’re increasing their salary budget for 2023, according to a new survey by Normandin Beaudry. The survey, which polled more than 440 employers, found two-fifths (43 per cent) of respondents said they’ve earmarked an average of 1.2 per cent in additional funds for salary increases. Among the […]
Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement. The two employers are among a number of organizations that have recently joined the CAAT’s plan, including the Canadian Coalition for Good Governance, the Saskatchewan College […]
Between 2019 and 2021, mental-health drug claims skyrocketed among young Canadians, according to a new report by Sun Life Financial Inc. The report, which identified trends using the insurer’s data, found a 24 per cent increase in drug claims to treat mental-health disorders for people aged 30 and under. On the other hand, drug claims […]
While the vast majority (90 per cent) of Black Canadians say their employer has made progress on efforts to be more equitable and inclusive for Black employees in 2022, three-quarters (75 per cent) are worried a potential recession could hurt their career and promotion prospects, according to a new survey by KPMG in Canada. The […]