Shares in a Canada Pension Plan Investment Board-backed financial technology company have rebounded following a disastrous first week on the Bombay Stock Exchange. In the four days that followed One97 Communication Ltd.’s Nov. 18 debut, its stock price dropped by more than 37 per cent. By Nov. 29, following the release of a third quarter report […]
Manulife Financial Corp. is once again giving $50 to each of its 37,000 global employees in their local currencies to “pay it forward” this holiday season. The organization first introduced the charitable giving program in 2020 during the first holiday season since a global pandemic was declared in lieu of traditional end-of-year company celebration events and gifts. Now, […]
The University Pension Plan is appointing Omo Akintan as chief people officer, effective February 2022. Prior to joining the UPP, Akintan was the chief people officer at the City of Toronto since January 2019. She was also the City’s acting director of equity, diversity and human rights division from 2017 to 2018. Before that, she […]
Roughly two-thirds (63 per cent) of women said the shift toward gender equality in the workplace isn’t taking place fast enough and, despite more societal awareness, they still aren’t being offered the same opportunities as men, according to a new survey by Randstad Canada. The survey, which polled more than 1,000 working Canadian women, found […]
A story looking at demand from employees for more comprehensive benefits offerings took the top spot over the past week on BenefitsCanada.com. Here are the five most popular news stories of the week: 1. Employees want more comprehensive benefits coverage: survey 2. Citigroup supporting employee wellness as return-to-office plans take shape 3. Manulife employee adopts 2 children with help from […]
The Caisse de dépôt et placement du Québec is financing part of a $400 million loan facility to a mortgage brokerage firm. The loan, co-financed by the Ares Management Corp, will support CrossCountry Mortgage, a lender operating throughout the U.S., as the business pursues an organic and inorganic expansion strategy. CrossCountry Mortgage currently operates out of […]
The Ontario Teachers’ Pension Plan is appointing Jonathan Hausman as senior managing director of its newly created global investment strategy department. The new department aims to provide the Ontario Teachers’ with a global competitive advantage by developing strategic responses to emerging themes affecting multiple asset classes and regions, according to a press release, which noted […]
Almost two-thirds (62 per cent) of pension funds and other institutional investors expect to increase their focus on environmental, social and governance factors over the next three years, according to a new survey for SigTech. Pureprofile Pty Ltd., which surveyed 100 pension funds and institutional investors across Asia, Europe and North America, found that, while […]
Nearly a quarter (23 per cent) of employed Canadians are reporting a decline in their mental health since the start of the pandemic, according to LifeWorks Inc.’s latest mental-health index. Despite Canadians’ overall mental-health score seeing a slight uptick to negative 10.2 in October from September’s score of negative 10.3, the survey found the ongoing […]
Mandy Kwasnica and her husband’s lifelong dream to add children to their family has come true. The couple recently brought two children — Anya, 9, and Artem, 11 — to Canada after adopting them from the Ukraine (the new family of four is pictured above). “The second day we saw them, [Anya] had cards for […]