As global equities overcame inflationary fears and continued an upward trend, Canadian pension plan investment returns increased during the second quarter of 2021, with the median plan returning 4.1 per cent, according to Northern Trust Canada’s pension universe. “The course of the pandemic has certainly taught us attributes about strength and adaptation, fundamentals we can […]
Ontario’s temporary paid sick leave program is receiving less uptake than initially expected. The Canadian Broadcasting Corp. reported Friday that, as of July 21, a total of $13.2 million in claims have been made to the program, which is retroactive to April 19 and ends on Sept. 25. When the program was first launched this […]
For slightly more than half (52 per cent) of U.S. employers, the chief human resources officer is either partially or fully responsible for diversity, equity and inclusion efforts at their company, according to a new survey by XpertHR, a subsidiary of LexisNexis Risk Solutions Group. The survey, conducted among nearly 400 U.S. employers in May, […]
Canadian investors and advisors were skeptical about cryptocurrency in the second quarter of 2021, according to a new quarterly survey by Horizons ETF Management Inc. Canadian investors and investment advisors are more bearish about cryptocurrency than any other measured asset class. As part of the survey, Canadian investors and investment advisors were asked to rate […]
The Canadian Pension Plan Investment Board is investing in a Toronto-based artificial intelligence company. The CPPIB entered a $125 million funding round for a Untether AI Corp., a company that creates software and hardware used in AI platforms. The new funding will be used to enhance its software offerings and build a new generation of products, […]
The majority (64 per cent) of consulting and advisory firms said their plan sponsor clients are looking to improve financial wellness programs, according to a new defined contribution plan consulting survey by PIMCO. The same percentage (64 per cent) of respondents said plan sponsors want to improve participant retirement education and evaluate investment fees. The […]
The British Columbia Investment Management Corp. is appointing Ramy Rayes as acting executive vice-president of investment strategy and risk. Rayes, who joined the BCI in 2016, has taken over the role at the pension corporation from Stephan Dunatov on a temporary basis. Dunatov will join the Abu Dhabi Investment Council as chief strategist. Read: AIMCo appointing […]
Johnston Group is partnering with PocketPills to provide a digital pharmacy platform. Plan members can access a pharmacist seven days a week by live chat or text message via the platform. “This partnership . . . continues to provide members truly flexible . . . benefits solutions in an ever-growing virtual world,” said Dave Angus, […]
Just over half (51 per cent) of senior leaders are considering leaving, retiring or downshifting from their current organization or position due to decreased mental well-being amid the coronavirus pandemic, according to a new survey from Deloitte Canada and LifeWorks Inc. It found nearly a quarter (23 per cent) said they’re considering resigning, while 16 […]
Canada’s economy will undergo volatility and inflationary acceleration as the nation recovers from the coronavirus pandemic, warns the governor of the Bank of Canada. “The process of reopening the economy won’t be entirely smooth,” said Tiff Macklem in a speech announcing the release of the central bank’s monetary policy report. “For example, we are experiencing supply […]