The Caisse de dépôt et placement du Québec is among the investors committing more than $600 million to eStruxture Data Centers Inc., a data centre provider in Montreal. The investment will fund eStruxture’s acquisition of data centre provider Aptum Technologies and additional capital expansion projects in Canada, according to a press release. The other investors […]
The majority (72 per cent) of Canadian pension funds said they’re currently focused on consolidation options that offer greater certainty they’ll be able to meet their liabilities, according to a survey by CIBC Mellon. It also found 50 per cent of pension funds surveyed plan on implementing consolidation plans over the next three to five […]
Does your organization’s benefits or pension plan communications deserve recognition? Are you leading the way when it comes to supporting your employees’ mental health? Is your company’s financial wellness program award-worthy? Benefits Canada’s annual Workplace Benefits Awards is officially open for nominations. Submit your entries here. As in previous years, the 2021 awards will continue to honour the achievements of exceptional Canadian […]
The Conference Board of Canada’s 150 group plan members are joining the College of Applied Arts and Technology’s defined benefit pension plan. Effective June 1, The Conference Board will be the latest non-profit organization to join the CAAT’s DBplus plan. Other non-profits that joined the plan recently include: St. John Ambulance, the Northwest Community Legal Clinic, […]
People Corp. is acquiring British Columbia-based Benefits by Design Inc. Benefits by Design is a benefits provider focused on the small-to-medium-sized segment of the Canadian market, specializing in designing, implementing and maintaining employee benefit solutions for their clients, according to a press release. In December, People Corp. was acquired by Goldman Sachs Group Inc.’s merchant […]
The Alberta Investment Management Corp. is reporting a total fund return of 2.5 per cent net of all fees for 2020, approximately 5.4 per cent below that of its benchmark. The total represents approximately $3 billion in net investment income, with assets under management reaching $118.6 billion, according to a press release, which noted the […]
Fundamental changes to the traditional workplace are causing greater levels of mental distress for managers and non-managers alike in the Canadian workforce, noted findings from Morneau Shepell Ltd.’s latest monthly mental-health index. At the one-year mark, the mental-health score for March 2021 (negative 11.2) was similar to that of April 2020 (negative 11.7) but slightly […]
Manulife Financial Corp. is making Phzio Canada’s virtual physiotherapy platform available to its plan members, noted a press release. Approximately one in five employees will experience a musculoskeletal condition annually that impacts their ability to perform in the workplace, resulting in an increased need for treatment programs, accommodations and time away from work, said the […]
As the shift to full-time remote working endures during the ongoing coronavirus pandemic, location-based pay policies are coming to the forefront of discussions as employers plan for the future workplace, noted a geographical pay survey by WorldatWork. Of the 62 per cent of U.S. organizations surveyed with existing geographic pay policies, 44 per cent are […]
In a bid to ensure individuals from hot-spot communities get access to the coronavirus vaccine, the Ontario government is working with public health units, business groups and large employers to explore setting up employer-operated, onsite vaccination clinics, noted a press release. “Partnering with communities to deliver the vaccine is critical to reducing the impact of […]