Eight Indigenous groups and an Alberta-based energy company are becoming the co-owners of a pipeline in which the Alberta Investment Management Corp. has a majority stake. The TC Energy Corp. is selling its 15 per cent stake in the Northern Courier Pipeline, which transports bitumen along a 90 kilometer route between Fort Hills Mine and […]
As Canadians head to the polls today, Benefits Canada takes a look at how the federal parties’ campaign promises could impact the human resources, benefits and pension industries. Read: Conservatives, NDP pension promises include super-priority for members The Conservative Party is proposing a plan that would put pension plan members first when the company sponsoring […]
Canadian employers are using a mix of perks and upskilling training to attract and retain talent amid a tight labour market, according to a new survey by ManpowerGroup Canada. The survey, which polled more than 1,000 employers across the country, found more than half (59 per cent) reported having some difficulty filling jobs due to […]
The Public Sector Pension Investment Board is becoming a signatory on a diversity, equity and inclusion pledge. The pension fund joined 179 investment organizations in signing the Diversity in Action Initiative from the Institutional Limited Partners Association, an organization dedicated to advancing the interests of limited partner sponsors. Since its launch earlier this year, 11 other Canadian […]
A third of investment organizations participating in the CFA Institute’s recent diversity, equity and inclusion program said they’ve trained between 81 and 99 per cent of their employees in detecting unconscious bias or practicing inclusive leadership, according to a new survey. The survey — conducted across 41 investment organizations that participated in the 2020 program […]
A sport data intelligence and entertainment provider backed by the Canada Pension Plan Investment Board is seeing its stock price recover following a disastrous first day on the Nasdaq. Before making its debut on Sept. 14, Switzerland-based Sportradar Group expected to see its first public stocks trade between US$25 and US$27 — roughly in line […]
The University Pension Plan is appointing Aaron Bennett (pictured left) as its first chief investment officer. In his new role, Bennett will be responsible for establishing an innovative, risk-optimized investment strategy designed to offer retirement security to plan members and promote responsible investing, according to a press release. Read: UPP naming Christophe L’Ahelec director of external manager program […]
The market value of assets held by Canadian trusteed pension funds totalled $2.1 trillion at the end of the first quarter, according to new data from Statistics Canada. Public sector assets amounted to $1.6 trillion, accounting for 77.5 per cent of the overall assets, while private sector assets totalled $474 billion. Revenues totalled $62.3 billion, […]
The Healthcare of Ontario Pension Plan is appointing Michael Wissell as its chief investment officer. Prior to the new role, Wissell was the plan’s senior vice-president of capital markets and total portfolio since 2018. During his tenure, he’s credited with helping to foster a culture of innovation and for spearheading several new investment strategies. Read: HOOPP […]
Canadian insurers paid out more than $97 billion in benefits from life and health insurance products in 2020, according to the Canadian Life and Health Insurance Association’s annual fact book. The period, which included the first nine months of the coronavirus pandemic, included $420 million paid out for psychology-related claims to support mental health, up 24 […]